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Joined 5 years ago
Joined 5 years ago
Probably true, but technically because the sentiment is expressed in English. Non-western cultures often take some things a few steps further.
>China Orders Top Energy Firms to Secure Supplies at All Costs
https://www.spglobal.com/platts/en/market-insights/latest-ne...
>The busiest US container ports are moving up the global rankings amid record import volumes, but the deluge of cargoes continues to exceed capacity with growing ship queues on both the East and West Coasts.
The second sentence is technically incorrect. During a bull market, demand is increasing relative to supply. (If supply was decreasing relative to demand, prices would increase, but that would not be a bull market)
>What is the maximum loan?
The GP comment I credited described the "maximum amount of loan" as a function of buyer income and interest rate. Obviously, the house is sold to the highest bidder.
In a hot market, the average price of real estate will approach the largest mortgage available to the average winning bidder (plus some quantity of household wealth).
The price is determined by the intersection of supply and demand. With a bull market in real estate, demand is greater than supply. Buyers have a greater effect on price than sellers. In the extreme, market prices converge to the maximum loan as GP described. In practice, people with higher incomes, liquid investments, or previous home equity can out bid individuals who assume the largest mortgage they can.
>...our Union is forbidden from taking job action to resolve labor disputes under these circumstances...
Hopefully some time after you have a polite discussion with them about it.
The world changed even more in the second 50 years, just not the western world.
>I generally do not connect to web sites from my own machine, aside from a few sites I have some special relationship with. I usually fetch web pages from other sites by sending mail to a program (see https://git.savannah.gnu.org/git/womb/hacks.git) that fetches them, much like wget, and then mails them back to me. Then I look at them using a web browser, unless it is easy to see the text in the HTML page directly. I usually try lynx first, then a graphical browser if the page needs it (using konqueror, which won't fetch from other sites in such a situation).