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Horror Stories Being Driven By Stupidity And Greed

A report from Fox 5 Vegas in Nevada. “Assembly Bill 486 would pick up where the state eviction moratorium leaves off when it expires at the same time midnight. If signed, Nevada property owners temporarily won’t be allowed to evict tenants in court for not paying rent if it can be shown they’ve applied for rental assistance, and if their status is pending. But landlords we spoke to worry the legislation will put them at continued risk for financial ruin. ‘Some of the tenants, they come and tell us they’re in the CHAP program, but that doesn’t mean anything, we haven’t received the payments for months!’ said Sanje Sedera, owner of Zenith Realty Group.”

From CNBC. “More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. ‘We need to let this moratorium stay in place until we spend all this money,’ said Mark Melton, a lawyer who has been representing tenants facing eviction pro bono in Dallas. ‘If you bail out the renter, that means you bailed out the landlord.'”

The New York Post. “The rent was too damn high — and now New Yorkers can live it up in nicer apartments. ‘This is a golden age to be a renter in the city right now,’ said John Walkup, co-founder of UrbanDigs. ‘You have a ton of inventory so you have great choices, you’ve got landlords who actually need you, and so they’re offering concessions and they’re offering lower rents.'”

“Software engineer Raylen Margono, 26, traded a 450-square-foot one-bedroom in East Williamsburg for a 900-square-foot one-bedroom in the heart of Williamsburg — and is paying $200 less in monthly rent. It’s also nicer. ‘There’s just so much space that you can finally make it an apartment,’ said Margono.”

From CBC News in Canada. “Matt Awram, owner of Third Eye Home Inspections in Amherstburg, worries that people are being misinformed. ‘They’re being told that they can’t have a home inspection, or they’re not going to get the house, but that’s just not the case,’ he said. He frequently gets calls from recent home buyers, he explained, requesting an inspection after a sale has gone through because they weren’t able to get one beforehand, sometimes leading to ‘horror stories.'”

“Len Inkster, the Executive Secretary of the Ontario Association of Certified Home Inspectors, blames realtors for creating the time crunch in the first place. He says the current market is being driven by ‘auction fever’ with buyers and sellers making decisions born out of panic. ‘There’s a whole series of things going on and it’s being driven by stupidity and greed, in my opinion,’ Inkster said. ‘Every single professional dealing in real estate has got something to answer for there. But above that, the government is just — and it doesn’t matter which colour you vote for — they’re all the same. Nobody seems to want to do anything except make a profit.'”

From CTV News. “The Canadian real estate market has seen soaring prices, bidding wars and a lack of supply throughout the pandemic. There is a concern some home buyers may be stretching their mortgage budgets to the max, which is why a new mortgage stress test will be coming into effect on June 1. ‘I do think there are a number of Canadians who are saying, you know what, let’s just pause and let’s see if the stress test slows things down and maybe some of the prices will come down with it,’ Pattie Lovett-Reid, CTV’s Chief Financial Commentator, said.”

“Even with the new rules, there have been some signs the housing market is starting to slow down. The Canadian Real Estate Association reported the number of homes changing hands fell 12 per cent from March to April. Even if the real estate market does slow down, no one is expecting huge price drops, but it could provide a more balanced market.”

The Helsinki Times. “Savings Bank Finland pointed out that house prices in several regions, especially in certain urban micro-localities, have risen rapidly during the coronavirus pandemic, opening the door to a correction once the pandemic has been overcome. Jukka Rantanen of Sp-Koti, the real estate division of Savings Bank, viewed that the robust demand for houses has driven up prices unreasonably in a short period of time.”

“‘We may statistically witness even a decline in prices, now also in the hot individual neighbourhoods in for example Espoo and Helsinki,’ he commented. Another factor contributing to the forecast cooling of the market is the growing supply of houses. ‘People who paid a high price for a house should prepare for some sort of a downward price correction if they plan on selling their house in the next two years. It may take a while before the general price development reaches the level people have been paying for houses recently,’ said Rantanen.”

The Malaysian Star. “Auctioneer Siti Izan Suhana Raden Omar said this was the best time to buy property as prices were attractive. ‘On average, the selling price for properties in the secondary market in Johor is down by 20%.’ The downward trend, she said, was expected to continue due to the prolonged pandemic and movement control order. She said the asking price for a condominium unit located along Jalan Skudai — which was previously valued at RM800,000 — had dropped to RM500,000.”

“Siti Izan explained that the condominium units previously belonged to Malaysians, the majority of whom worked in Singapore. She said now they could no longer service bank loans as some had lost their jobs or had been staying in Singapore since the first MCO in March last year. ‘Pre-Covid-19 days, they were earning in Singapore dollars but lived in Johor Baru. Now, however, they are stuck there and have to pay for their expenses in Singapore currency.'”

“Property firm proprietor Michael Tay Chee Boon also said it was a buyers’ market now and interested parties could bargain or negotiate when it came to prices. ‘Supply outstrips demand and most houseowners will be willing to negotiate, especially those facing financial constraints,’ he noted. ‘Put your negotiation skills to good use. If the first owner is reluctant to reduce the price, look for another one and only go for the best offer.'”

From Interest New Zealand. “Activity is picking up again in central Auckland’s apartment market although buyers remain fickle on price. The sector has been hit hard by the reduction in overseas student numbers since the onset of the COVID-19 pandemic and that has flowed through into higher vacancy rates, lower rents and reduced prices, especially for the smaller shoebox apartments that are a mainstay of the CBD apartment market.”

“Two of the apartments that sold at the City Sales auction had remediation issues. One was in the Connaught building on Waterloo Quadrant near the High Court, and the other was in the Harbour City complex on Gore St. Prices of apartments in both buildings have been under downward pressure due to their remediation issues. The Connaught apartment is a 56 square metre, one bedroom unit with a car park, which has a rating valuation of $730,000. It sold under the hammer for $350,000.”

“Prices in the Harbour City building have been under even greater pressure and the 51 square metre, two bedroom unit with a rating valuation $440,000 offered last week, sold for just $50,000. Also on offer at the same auction was a 91 square metre unit in the Scene One building on Beach Rd at the bottom of town. It had two bedrooms, two bathrooms and a car park and was rented out at $650 a week. But it is on a leasehold title and had combined outgoings (rates, opex and ground rent) of $30,765 a year, equivalent to $591 a week. It sold under the hammer for $15,000.”

“The other apartment to sell at the same auction was a 47 square metre, two bedroom unit under management contract as part of a serviced apartment hotel in Hobson St. It had a rating valuation of $400,000, but sold under the hammer for $220,000 plus GST (if any).”

From Domain News in Australia. “The regions where houses are as rare as hens’ teeth in comparison to the glut of apartments were weighing on the unit market. Buyers in the unit market in these areas were spoilt for choice, affording them the time to shop around, said Catherine Murphy of The Agency North. ‘A buyer a few years ago potentially had to look at three or four units. There’s now pages and pages of these units that fall into their criteria,’ she said. ‘It’s basically an oversupply versus demand.'”

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This Post Has 113 Comments

  1. ‘a new mortgage stress test will be coming into effect on June 1’

    Annnnd the guberment just fooked you.

    1. Landlords will be disabused of any notion it’s “their” property when gub’mint can order them to indefinitely provide free housing to deadbeats and trample on contract law. The unintended consequences will be legion.

      1. my rental dwelling can stay vacant longer than your eviction takes to fall off your credit file. if ever.

  2. ‘will put them at continued risk for financial ruin. ‘Some of the tenants, they come and tell us they’re in the CHAP program, but that doesn’t mean anything, we haven’t received the payments for months!’

    That’s some red hotcakes right there.

    1. I wear a.ssless chaps when meeting the landlord. Then I tell them I applied for CHAP and on waiting list. Can’t touch this.

    2. Governments, federal, state and local, are rotten to the core. They are all working in concert to try to prop up housing prices, and are actively picking winners and losers.

  3. ‘traded a 450-square-foot one-bedroom in East Williamsburg for a 900-square-foot one-bedroom in the heart of Williamsburg — and is paying $200 less in monthly rent. It’s also nicer. ‘There’s just so much space’

    That’s the spirit!

  4. ‘In Fairfield, units were taking one and half times longer to sell than houses as they remained on the market for an average of 143 days compared to 90 days for a freestanding home, Domain data shows’

    90 days for a shack in Sydney? But I thought there were crowds of people bidding, each paying more than the last? Could be some one is a lion!

  6. If signed, Nevada property owners temporarily won’t be allowed to evict tenants in court for not paying rent if it can be shown they’ve applied for rental assistance, and if their status is pending. But landlords we spoke to worry the legislation will put them at continued risk for financial ruin.

    The silver lining: landlords might start taking an active interest in fighting government overreach and Democrat-enabled freeloading.

    1. Speaking as a landlord, we are already doing that and most of us are not Democrats. I am on a few LL online forums and by and large it is not Democrat friendly. Which is why the Democrats don’t care if LLs all go broke. Not their voters, not their problem.

      I haven’t been affected by the stupid moratoriums, yet. But when the next batch of lease renewals come up I will be thinking long and hard if I want to stay a landlord or just sell it all and be done with it.

      1. sign new leases, then sell it to a totally clueless owner, just hide the fact the leases and deposits transfer to the new owner, hint around you can get more money for the apartments with new tenants and leases. Let the fireworks begin

  7. LOL@ Australia is prohibiting its citizens from leaving or returning to the country because of CCP Flu.

    These people still have pictures of the queen on their money. Once a prison colony, always a prison colony.

    2. They had 8 fuggin cases yesterday. Eight!

      And for that they lock the whole country down.

      I ran out to Kings yesterday to get some veggies. 99% was mask free. And the Colorado infection rate is cratering.

      MY UK relatives live under near house arrest. I’ve been telling them that unless they push back, they will be living like that for the rest of their lives.

  8. ‘We need to let this moratorium stay in place until we spend all this money,’ said Mark Melton, a lawyer who has been representing tenants facing eviction pro bono in Dallas. ‘If you bail out the renter, that means you bailed out the landlord.’”

    Remind me again why I, a prudent renter, should be on the hook to bail out either deadbeat tenants or wanna-be real estate “investors.” F**k you, each and every D voter who is an accessory to this sh*t.

  9. ‘This is a golden age to be a renter in the city right now,’ said John Walkup, co-founder of UrbanDigs.

    Until the vibrant cultural enrichment catches up to you.

  10. ‘There’s a whole series of things going on and it’s being driven by stupidity and greed, in my opinion,’ Inkster said. ‘Every single professional dealing in real estate has got something to answer for there.

    An epic rant about the meltdown of the “Celtic Tigers.”

    Irish Wanking Bankers – An Irishman Abroad.

    https://www.youtube.com/watch?v=koY6kXhQDQo

  11. But above that, the government is just — and it doesn’t matter which colour you vote for — they’re all the same.

    Bingo. The root of the problem: institutions of governance completely captured and usurped by the financier oligarchy, while the sheeple go on voting for more of the same.

  12. Vibrant-on-Asian violent assaults is reaching epidemic proportions, but because the MSM can’t fit this into their “white supremacy” narrative, they persist in calling such attacks “random” when they are anything but.

    Shocking moment man sucker punches Asian woman in the face in NYC’s Chinatown amid skyrocketing violent crime

    https://www.dailymail.co.uk/news/article-9638749/Shocking-moment-man-punches-Asian-woman-face-random-attack-New-Yorks-Chinatown.html

    Shocking security footage shows the moment a man punches an Asian woman so hard in the face that she is knocked to the ground in a random attack in New York City’s Chinatown on Monday afternoon.

    The daytime assault took place around 6.15pm in front of a restaurant, and was entirely unprovoked, police say.

  13. ‘There’s a whole series of things going on and it’s being driven by stupidity and greed, in my opinion,’ Inkster said. ‘Every single professional dealing in real estate has got something to answer for there.

    Realtors are liars.

    1. “‘There’s a whole series of things going on and it’s being driven by stupidity and greed, in my opinion,’ Inkster said.”

      They are just using what works.

      “‘Every single professional dealing in real estate has got something to answer for there.'”

      Yep, and these somethings are called commissions and fees.

      Dumb ’em down, and profit.

    1. It’s a bad sign for crypto HODLers that half the air leaked out of this bubble before the Fed even started talking seriously about ending its COVID-19 stimulus programs.

  15. The moratoriums will never end. Neither will the stimmie checks. The deep state got what it wanted out of Covid, UBI as well as a compliant populace that will do as they are told in the name of safety.

    But no mean tweets so all good.

    Carry in citizen comrades.

    2. Between the non UBI that is UBI and the extra unemployment benefits we have created a whole new generation that will never work again, or at least as long as the free cheese is handed out.

      Will the next step be to relocate them to areas where free rent is offered in perpetuity, where all recreational drugs are legal (and free) and there are no cops?

      1. Hamsterdam!

        Frum da net …

        There never was a real “Hamsterdam” police-led de facto drug-legalization experiment, or at least no such situation has ever been made public. But Kurt Schmoke, mayor from 1988 through 1999, entertained the idea of fighting the drug war in Baltimore by decriminalizing narcotics.

      2. extra unemployment benefits we have created a whole new generation that will never work again,
        Count me as one of those. Got laid off last year May and still getting UE. Cash flow higher than when working (had lots of deductions) plus with COBRA paid by Senile Joe, and UE not taxed, why work? In my defense, I m 64 and was thinking about retiring, but UE has “postponed” (currently I am technically unemployed, not retired) my “retirement” by more than a year.

        2. Only the first $10,200 of UE is not taxed, and it is limited to 2020. UE paid in 2021 will be 100% taxable.

          1. UE paid in 2021 will be 100% taxable.
            Maybe, but just let the economy go into recession and the UE will be tax free again in 2021. The Democrats control the 3 branches of Govt. Remember?
            If not, then my tax rate is much lower.
            Yeah only 10K was tax free in 2020 but didn’t want to muddy up the initial post.

          2. That’s right, maybe Congress will make a portion of UE paid in 2021 non-taxable. There are a lot of proposals getting tossed around re: the estate tax, i.e. removing the step up in basis, reducing the exemption, disallowing discounts, etc. Time will tell.

            My mother in law did something similar when she postponed her retirement by however long CA paid UE at that time. She was laid off due to her employer moving to SoCal. It didn’t matter that she commuted to the new location for a year plus after they moved, she still qualified for UE when she did choose to retire.

        3. MWR,
          I can’t fault you for taking your best options in a bad situation. In England they gave the people 80 % of their income during lockdown, which is still going on I think. In the USA, the Monopolies got the lions share of the relief packages.

      3. Questions are coming up about whether UBI increases the natural rate of unemployment.

        Succinct answer:

        Of course it does!

        1. “Questions are coming up about whether UBI increases the natural rate of unemployment.”

          Does it require a PhD to answer that?

  16. There is a YouTube channel of a NYC apartment broker, Cash something. I think his real name is Cash. Anyway, every video is him touring an apartment available for rent, walking the neighborhood, etc. It’s fun to watch and he has a pretty good sense of humor. I cannot believe how cheap some of these place are she had one place, a 1 bedroom, on the 40th floor of a new building by Battery Park with incredible views for $3000 a month. And he has these things all over the place nice apartments in hood neighborhoods for reasonable prices. The WuFlu crushed the rental market in New Yawk.

    2. I recall walking around Bettery Park back in the 1980s when it felt like a danger zone for crime. Glad to hear the decades have improved the area…

  17. ‘People who paid a high price for a house should prepare for some sort of a downward price correction if they plan on selling their house in the next two years. It may take a while before the general price development reaches the level people have been paying for houses recently,’

    It’s hard to find any similar sound advice in the U.S. press about the pitfalls of overpaying for real estate, only to see the price levels drop below the level where you can sell the house you purchased for the amount you paid.

    1. This time IS different. Not as easy to pinpoint “THE” problem when the entire world is on fire. So much stimuli that the craziness (financing, moratoriums, etc) is now new-normal. I would NOT YET bet on the day & time of the 2d coming of the housing bust. too many factors still swirling.

      2. For one, there is still too much pandemic-related governmental financial life support in place to expect markets to adjust based on fundamentals. Whether and how this extraordinary support is unwound has important implications for the future progression of Housing Bubble 2.0.

        2. When I lived in Mexico the PRI adopted spending policies that were highly inflationary. A conservative business journal called Impacto coined the term “La Economia Ficcion” to describe what the PRI was doing. The aparatchiks at the PRI didn’t care and laughed, shouting “full speed ahead!”

          That’s where we are now: The Fiction Economy.

          The long term outcome of La Economia Ficcion was runaway inflation and devaluation of the Peso, from 12.50 to a USD to over 9000 Pesos to a USD. Not Zimbabwe crater, but crater it was, with a one way trip to Ciudad Schlong.

          1. It’s interesting how La Economia Ficcion can hold up for some unpredictable duration before a sudden unraveling…kind of like a housing bubble, in that regard.

          2. It’s interesting how La Economia Ficcion can hold up for some unpredictable duration

            IIRC, it lasted about 15 years in Mexico, until in the mid 80’s when it became unbearable and Mexico went through an Argentina style crisis, requiring IMF bailouts.

            I think that it lasted as long as it did because during the 50’s and 60’s Mexico had a fairly robust and conservative economy, which was reflected in the Peso’s stability at the time: 12.50 to a USD. The crazy spending began in the 70’s and then in 1976 the unthinkable happened: “La devaluacion”. First to about 25 Pesos to a dollar. By 1979 it was 100 pesos to a dollar, and then the floodgates broke open and the Peso went into a death spiral. That was when the Mexodus really kicked into high gear.

  19. This dope blurts out one of the college courses you can take to start becoming a Social Justice Warrior.

    May 28, 2021

    50,147 views

    s://youtu.be/Sa0zncrjoCQ?t=176

      1. From the clip. Q “Would you then be OK with abolishing the Military? A ” Yes yes please!!”
        I don’t have any idea what to say about how clueless some people are. The only thing I can think to say in his defense is that his girlfriend was there nodding her head and maybe he only answered the question that way because he thought in doing so would lead to him getting lucky.

        1. When her nesting urge happens she’ll monkey-branch toward some thriving businessman driving an expensive car who will pay her student loans and fertilize her womb. The blindsided ex-boyfriend, who thought broke was cool and bicycle courier was a career, will be crying in his Granola.

          2. Women are hard-wired to seek security. Most are monkey-branchers. Most men are blissfully ignorant to the fact that their woman has decided the shine has worn off and has started covertly pursuing their replacement. Once she finds a suitable one, she drops a bomb and she’s gone.

  21. Here are some course titles, courtesy of the Department of Sexuality, Women’s, and Gender Studies at Amherst College:

    Spring 2021
    SWAG-105 Women, Gender and Popular Culture
    SWAG-200 Feminist Theory
    SWAG-206 Women and Art in Early Modern Europe
    SWAG-231 Contested Bodies: Race, Gender, and Embodiment in Biomedicine
    SWAG-240 Women in Architecture
    SWAG-247 U.S. Carceral Culture
    SWAG-263 Trans Theories of Race
    SWAG-276 Women and Religion in Greece and Rome
    SWAG-294 Black Europe
    SWAG-307 States of Extraction: Nature, Women, and World Politics
    SWAG-308 Gender, Feminisms, and Education
    SWAG-316 Immersive Accompaniment: Reading the Bildungsroman
    SWAG-317 Women in Early Modern Spain
    SWAG-329 Bad Black Women
    SWAG-345 Gender and Sexuality in Latin America
    SWAG-347 Race, Sex, and Gender in the U.S. Military
    SWAG-349 Law and Love
    SWAG-365 Reading the Romance
    SWAG-381 Global Transgender Histories
    SWAG-411 Indigenous Women and World Politics
    SWAG-416 Economics of Race and Gender

    Some of those historical classes actually sound like an interesting elective, such as Women Architecture or Women in Greece and Rome.

    4. And printed on the back of the diploma: DO NOT HIRE.

      If you graduate with one of these meme degrees, your greatest hope in life is to be an Andy Ngo mugshot.

  23. ‘Some of the tenants, they come and tell us they’re in the CHAP program, but that doesn’t mean anything, we haven’t received the payments for months!’

    Are state governments planning to eventually make the landlords they threw under the bus whole again?

    If so, where will they get the money?

    1. Are state governments planning to eventually make the landlords they threw under the bus whole again?

      I’m expecting those with strong hands to snap up those rentals at courthouse step auctions for pennies on the dollar. And by strong hands, I mean those with access to FedRes funding.

    2. Seems like lumber futures are constantly rocketing or cratering this year…never a dull moment!

  25. Albany, OR Housing Prices Crater 14% YOY As Soaring Inventory Sends Prices Tumbling

    https://www.movoto.com/albany-or/market-trends/

    As one national broker explained, “There are no bidding wars. We only set conditions in such a way that the sucker thought there was a bidding war. In other words, we lied.”

  26. i think real estate is at apogee. like in the vomit comit topping-out for that brief gravity free moment and you float around the plane while knowing it’s going to end soon. very soon.

  27. Wonder when the panic buying in meat is going to start?

    All of JBS’s U.S. Beef Plants Were Forced Shut by Cyberattack

    https://www.bloomberg.com/news/articles/2021-05-31/meat-is-latest-cyber-victim-as-hackers-hit-top-supplier-jbs?sref=ibr3A0ff

    A cyberattack on JBS SA, the largest meat producer globally, forced the shutdown of all its U.S. beef plants, wiping out output from facilities that supply almost a quarter of American supplies.

    All of the company’s fed-beef and regional beef plants were forced to shutter, and all other JBS meatpacking facilities in the country experienced some level of disruption to operations, according to an official with the United Food and Commercial Workers International Union.

    1. Some things when done on the internet invite disaster: Operating a pipeline, operating a meat packing plant, Battlestar Galactica, elections, dating.

      1. Actually, Galactica wasn’t “connected” which is why it survived and the rest of the colonial fleet, which was connected, was destroyed (Except for Battlestar Pegasus, which executed a blind FTL jump to escape.)

    1. “Having been a black leftwing Guardian columnist for more than two decades…”

      Stopped right there. Sorry!

  31. A pipeline and a meat plant were hacked easily. But we are told every single precinct was safe and secure in last year’s election. I was born at night, but not last night.

    1. Call me dumb, but, why would they add HIV elements to the Covid type virus. I mean did your prior Covid type viruses have that spike element to it, or is the spike a HIV thing.
      Also ,I remember Trump saying in a speech, long before the Covid crisis ,words to the effect that they were going to have a “Aids Vaccine ” soon.
      I’m just wondering what they were trying to achieve in the China Lab, a bio weapon or a vaccine.

    2. WaPo obtained 866 pages of Fauci’s emails from March and April 2020 via the Freedom of Information Act.

      https://twitter.com/JordanSchachtel/status/1399925035943485448:

      So far, the Fauci FOIA emails show:

      -He had some urgent, time sensitive discussions about gain of function.
      -Told colleagues retail masks don’t work due to size of virus.
      -Ignored scientist who told him China was lying about virus and data.
      -Was well aware of possible lab leak.

        1. This is the “recipe” you would find in a scientist’s laboratory notebook.

    2. And we can sure count on censored news to break these stories. NOT

      I know fake news is now allowing pieces that support the China lab leak engineered virus theory after they muzzled it for a year and one half.
      There must be some reason.
      I’m just wondering if the Senate Hearings have anything to do with this change in story, where Fauci committed perjury about not funding gain of function research in that lab. Than Rand Paul gets personally attacked to his home by some white substance.

      1. There must be some reason.

        Just a thought… This wasn’t a very deadly pandemic virus, yet it was billed as one early on and all throughout. All the things our own government did to crush us was completely unwarranted over something no more dangerous than the seasonal flu. Something like half of the country thinks their “vaccine” is probably more dangerous than the virus. Outlawing known treatments so as to push people to hospitalization is a genocidal crime of historic proportions. Refusing to treat patients with other urgent problems while doctors and nurses were being laid off was on par. You know all of this.

        Changing the narrative to a China lab leak has happened quickly, and it is coordinated. Being done by the same people who told us saying it came from China was racist.

        It’s a deflection, by and for guilty parties.

        1. How else where the international communists and their domestic sympathizers going to get a doddering pedophile and a street ho installed as President and vice president? CoronaScam of course.

          I think Jon Voight ought to run for California Governor.

    1. Nevermind, I read the description. It is fractional ownership. So do the other 6 fractional share owners also pay that HOA?

  35. To truly appreciate this the video interview in this link has to be watched and listened to.

    Wow! Judge Joe Brown Unloads On “Racist” Joe Biden & “Corrupt Witch” Kamala

    by Kelen McBreen
    June 1st 2021, 7:18 pm

    Prefacing with the fact that he has nothing against Donald Trump, yet did not vote for him, Brown explained, “I did not vote for that damn fool they had running against him, that racist dog I heard in 1972 when I was doing an intern thing at a DC think tank.”

    Brown described watching Biden speak at an event with a group of known racist politicians such as Senator Robert Byrd, the former KKK member.

    “They were talking about Joe Biden,” Brown said of the other politicians. “The speech he gave, I mean I was really offended. I heard it right outside the state capitol building in Dover… He said, ‘Negro children are like roaches. If they’re allowed to integrate the schools, they will infest them and they will never be gotten out.’”

    Brown continued describing the Biden speech he witnessed, adding, “He said negroes were animals and they turn the streets into jungles and he and Senator Eastland had a plan where they could put all these negro animals in zoos.”

    Next, Judge Brown focused his verbal assault on Kamala Harris, calling her “CumQueenLa Emhoff.”

    https://www.infowars.com/posts/wow-judge-joe-brown-unloads-on-racist-joe-biden-corrupt-witch-kamala/

  36. How can central bankers know whether or not their accommodative policy stance is creating inflation when they constantly keep the pedal to the floorboard?

    1. The Financial Times
      Eurozone inflation
      Eurozone prices outpace ECB target for first time since 2018
      Inflation hits 2% in May, in wake of similar US data, adding to investor concerns on decisions on stimulus efforts
      The Euro sculpture in Frankfurt
      The ECB’s governing council is to meet on June 10 to decide whether to adjust monetary policy
      Martin Arnold in Frankfurt and Guy Chazan in Berlin
      13 hours ago

      Eurozone inflation rose to 2 per cent in May, the first time the rate has surpassed the European Central Bank’s target in more than two years, complicating next week’s decision on whether to maintain ultra-loose monetary policy.

      The jump from 1.6 per cent in April followed an even sharper acceleration of consumer price growth in the US, which recently hit 4.2 per cent. The eurozone’s increase is likely to fuel investor anxiety that central banks will hasten the winding down of the vast monetary stimulus launched last year in response to the coronavirus pandemic.

      The ECB’s governing council meets next week to decide whether to adjust its monetary policy — including its recently accelerated pace of bond-buying — in response to signs that economic activity and prices are rising as Covid-19 lockdown measures are eased.

      Eurozone inflation has rebounded after several months below zero last year, prompting most economists to forecast the rate will this year exceed the ECB’s target of below, but close to, 2 per cent.

      However several ECB policymakers, including its president Christine Lagarde, have said the recent surge in inflation is only a temporary phenomenon, driven by one-off effects, and predict it will fade next year. They argue that this means the central bank’s policy should remain highly accommodative.
      …

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