real estate

On Price Stickiness and the Plague

Opinion

Note: The Not Fake News does not give investment advice; the following is opinion only. If you come to us for advice on what to do with your money, you probably deserve what you get anyway, but it needed to be said.

It’s counterintuitive as all get-out, but it’s happening anyway. In the face of massive business closings, record unemployment due to COVID-19, and the Federal government effectively printing trillions of dollars based in nothing but faith in the future, the stock markets nevertheless are booming. So — how is this possible?

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It Doesn’t Go Without Saying

The Not Fake News, as a general rule, tends to focus on events that fell out of the headlines too soon, or angles on stories that have plenty of merit but somehow get discarded by the major media.  My reasoning behind this is simple:  CNN has a zillion reporters, a massive staff, and a huge budget.  I’ve got me, my internet Brain Trust of volunteers, and whatever spare change people kick into the pot to pay my web costs.

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There’s no need for me to repeat work that CNN (more…)