So rents are going down while the number of properties listed goes up… who has a problem here exactly? Landlords by any chance?

Who did the local governments contract the debt with? Is it the central bank, local private banks, or international institutions?

Because if it’s the central bank, or another state owned institution, couldn’t they just let the debt default, which would be the same as printing new money and giving it to the local governments?

If it’s not the a state owned bank, why was that choice made?

Also can you explain how mass mortgage defaults would lead to land depreciation?

Thanks, very interesting comments!

Do you have sources for this? Very interesting! And specifically, wdym with catholic shows?

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I second a sibling poster, take the train instead of a plane if you want to travel around. This website has all the info you need https://www.seat61.com/international-trains/trains-from-Munich.htm

Do you have a source for that claim? Genuine question.

My intuition is that the types of impact are widely different, so hard to reduce to a single number that can be compared.

Wait, from the perspective of a Third Worldist, isn’t Perry Anderson’s Western Marxism precisely the problem? That’s at least what I gathered, without having read Losurdo specifically, from reviews of his work such as this one https://monthlyreview.org/press/201187/

This is very confusing. Were they backed by (some) US authorities? Seems hard they could get that far otherwise. But then why would they get arrested?