as they say on the market shows, worry some. but on a more fundamental level there are also danger signs. when young people are told by their leaders that work is a scam, and that stealing things from other people is a human right, how do you think your economy s going to look in 10 years? how about your civilization? the answer depends in part on how much idleness and theft you put up with. any society that cannot declare unequivalently and with confidence that stealing is wrong has no future. when you let the mob loot, you are doomed. this is why we used to shoot looters. not because we hated them, it wasn t personal. but in order to defend the foundation of all that we have which is private property secured by law. without that, we would be living in savagery and chaos. in chicago, they already are. this is what america s second largest city looked like this weekend. [screaming and yelling]. oh, my god! tucker: there s no point to that. nobody s benning. what you re se
or if they go bankrupt, there s nothing for the bank who owns that real estate to go after because, you know, they were a previously strong company now dead, what do you go after at that point? so we really haven t seen the commercial real estate shoe drop. that s more like an and anvil, not a shoe. so the stuff we ve seen so far hasn t even it s only slightly real estate portfolio degradation. but that will become a very serious thing later this year, in my view. i think if we see, which we re likely to see, a drop in house prices, because the interest rates are too high, and for most people when buying a house they look a. the monthly payment. tucker: of course. 30 year mortgages the vast majority is interest.