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The Lending Environment Got Much Tighter And A Credit Crunch Is Now Under Way

A report from Go Banking Rates. “Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in June. ‘Right now, we’re sitting at around two months of inventory, so certainly not anywhere close to where we were prior to the pandemic, but definitely starting to see the markets normalize a bit,’ he said.”

“Until recent months, Jason Gelios, a realtor in Southeast Michigan, saw the same buying frenzy in his area. ‘With the absence of 2020, the housing market accelerated, creating record home sales, with most homes selling for well above asking price, with home inspection and appraisal waivers,’ he said. ‘We would see this record-level activity continue until the end of summer 2021.'”

“In Southeast Michigan, Gelios said many homebuyers halted their searches, due to the pure exhaustion of losing out to plentiful amounts of competition. Specifically, he said first-time buyers were often far outbid by their more seasoned counterparts. ‘Here we are approaching December 2021 with mortgage rates inching upwards and an increase in homes hitting the market,’ he said. ‘I believe this is the start of the housing market transitioning towards a buyers’ market.'”

“Those searching for a home will be glad to hear price cuts are on the rise. The share of listings with a price cut surged 46.51% from January through October, according to the GOBankingRates study. Additionally, the average price cut increased 19.42% during this time period.”

The New York Post. “There’s life for XI after all. Partnered with billionaire Len Blavatnik’s Access Industries, New York developer Steven Witkoff’s Witkoff’s Group snared the bankrupt, $2 billion, twin-towered condo project in a public debt auction. Work stopped before the pandemic in late 2019, and park-goers have puzzled over the uncompleted eyesore ever since. Lenders and contractors who are owned hundreds of millions of dollars, on the other hand, have more than fumed.”

From The Sun. “Deon Derrico boasted about ‘buying up blocks’ and promoted his real estate business following his home foreclosure. Deon and his wife Karen, 41, lost their North Las Vegas, Nevada home that they live in with their 14 children to foreclosure. The patriarch filed a petition for foreclosure mediation assistance after the home he purchased in 2015 went into default a month prior, according to court papers in March 2020. The filing was to provide a ‘remedy of last resort for the homeowner to avoid foreclosure and loss of his/her home’ through a mediation process with negotiations between the lender and owner.”

“A mediator was assigned to the parties, though court documents show they were unable to agree to a loan modification and the negotiations were terminated. The petition for foreclosure mediation assistance was dismissed and the foreclosure was to be issued in the normal course of business. Deon filed a complaint against US Bank National Association in February 2021. The foreclosure sale was to be conducted around March 12, 2021, but he claimed the date was ‘improper.’ Deon then filed a temporary restraining order to prohibit the foreclosure of the sale, but the court denied the motion in February.”

The Evening Standard in the UK. “Furious locals have called for the Sky Pool in south-west London to be shut over concerns that it is too cold to swim in – despite costing £450 a day to heat. The transparent 82-ft facility at the development in Nine Elms allows residents to swim from one tower block to another 10 storeys above the ground. Billed as the world’s first floating pool, Sky Pool is made of acrylic and offers bathers a clear view of the gardens 35m (115ft) below.”

“Some residents in the apartment complex, where flats cost up to £4.5million, say the luxury pool is not worth the expense. One couple told The Sun: ‘It is too cold to be used at the moment so it seems mad that we’re still having to pay to heat it. If it’s £450 a day and, at most, five people are using it, that’s £90 per swim. That hardly seems like value for money.'”

“Another resident added: ‘We’re livid. The outside temperature has obviously dropped, but the Sky Pool is still open to residents and currently uncovered. We’re basically heating the sky.'”

From Stuff New Zealand. “As prices moved ever higher and affordability diminished further, concerns over the number of people being locked out of the housing market grew. This prompted a series of official interventions from early in the year. In October, the Reserve Bank lifted the official cash rate for the first time in seven years. In November, LVRs were reinstated for all owner-occupiers, which meant only 10 per cent of bank lending could go to borrowers with a deposit of less than 20 per cent. And in December, changes to the Credit Contracts and Consumer Finance Act came into effect.”

“Economist Tony Alexander said the lending environment had got much tighter and a credit crunch was now under way. ‘This has been gathering pace over the last six to eight weeks, and it is starting to suppress the market.'”

“It was not a huge price rise, or a jaw-dropping sale, or the long overdue increase in supply, that experts picked as the stand-out moment of the year though. They all picked the Government’s March announcement of the removal of interest deductibility as that moment. New rules meant that investors would no longer be able to use their home loan interest costs to cut their tax bills.”

From Bloomberg. “The parent of Yango Group Co. has become the latest victim of China’s crackdown on the nation’s indebted property sector, defaulting on a dollar bond after missing an interest payment. Fujian Yango Group Co. hasn’t paid the coupon on its 11.875% $296 million note maturing in 2023 following a 30-day grace period, it said in a filing dated Dec. 25 to the Singapore stock exchange. Failure to pay the interest after the grace period constitutes an event of default, according to the bond’s issuance document seen by Bloomberg News.”

The Daily Mail. “The Chinese Super League has imploded just as spectacularly as it burst onto the scene… a financial crisis has accelerated its demise but from splurging money on Europe’s hand-me-downs to playing in half-empty stadiums it was always doomed. When one Chinese Super League coach sat down last week and was asked about his side’s foreign players, he delivered an honest, and telling response. ‘They are now out of my control,’ Chongqing Liangjiang Athletic head coach Chang Woe-ryong told reporters. In truth, no one has possessed any control in the country’s top flight for some time.”

“Over the past 12 months, Chinese football has unravelled at an alarming rate. Top teams have folded and stories have emerged of players going unpaid, with some even sent home with their own laundry. It is a farcry from the brave project that saw money pumped into the game in the Far East, based on the dream of President Xi Jingping see his nation become a genuine competitor for World Cup glory.”

“Guangzhou FC, historically the best team in China with eight CSL titles to their name, had to take a squad consisting of youth players to the Asian Champions League this year. They finished bottom of their group, losing all six matches and scoring just once. Evergrande, the club’s owners, are now in default. Reports suggest players have been taking home their own kit to clean in a bid to avoid any further bills whatsoever. R&F Properties, owners of Guangzhou City, have given notice on debts they may not be able to settle next month. The problems keep mounting.”

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This Post Has 113 Comments

  1. ‘The patriarch filed a petition for foreclosure mediation assistance after the home he purchased in 2015 went into default a month prior, according to court papers in March 2020’

    Whoa Nellie! That’s 6 years of red hotcakes, what gives? Don’t tell me somebody loaned Deon more than the shack was worth. That wouldn’t be sound lending.

    2. I think we’ve found Casey Serin 2.0 for Housing Bubble 2.0:

      “This isn’t the first time Deon has lost a home due to debt, as The Sun previously reported six of his Michigan homes went into foreclosure, according to court documents.

      The Sun also revealed the parents filed for bankruptcy five times in the past. ”

      Deon continued: “If you or someone that you know own a home and in need of saving your home please DM, me that’s one of my areas of expertise!

        1. The next time I hear someone say “Black people can’t get a loan in America” I will point them to Casey 2.0.

          1. Black people can’t get a loan
            We always wanted minority clients, especially if they were in the bank footprint.
            CRA credit is a real thing and very important for Mergers and acquisitions at any bank. We always had 2nd Look programs for everyone (not just minorities) who was turned down for a loan in our lower income bank footprint areas

  2. Another day, another Chinese outfit you never heard of stiffs the gringos:

    ‘hasn’t paid the coupon on its 11.875% $296 million note maturing in 2023 following a 30-day grace period’

    11.875%, that would be a JUNK bond. Is that a lot?

    BTW, when you got soccer players they were paying a pound per second going home with dirty laundry in their bag, somebody is broke as a joke.

  3. ‘Until recent months, Jason Gelios, a realtor in Southeast Michigan, saw the same buying frenzy in his area. ‘With the absence of 2020, the housing market accelerated, creating record home sales, with most homes selling for well above asking price, with home inspection and appraisal waivers’

    Winnahs!

  4. Denver, CO Housing Prices Crater 27% As Colorado Economy Grinds To A Crawl

    https://www.movoto.com/co/80230/market-trends/

    As a noted economist stated so eloquently, “You can ask $50k for your run down 10 year old Chevy pickup but where is the buyer at that price? So it is with all depreciating assets like houses and cars.”

  5. ‘We’re livid. The outside temperature has obviously dropped, but the Sky Pool is still open to residents and currently uncovered. We’re basically heating the sky’

    Stupid bubble indicator of the day. Take a look at this ridiculous pool. We don’t hear about these pools much anymore. (Nor bocce ball). There were at least two US luxury apartments that had clear bottomed pools sticking out over the street.

  6. ‘In October, the Reserve Bank lifted the official cash rate for the first time in seven years. In November, LVRs were reinstated for all owner-occupiers, which meant only 10 per cent of bank lending could go to borrowers with a deposit of less than 20 per cent. And in December, changes to the Credit Contracts and Consumer Finance Act came into effect’

    ‘It was not a huge price rise, or a jaw-dropping sale, or the long overdue increase in supply, that experts picked as the stand-out moment of the year though. They all picked the Government’s March announcement of the removal of interest deductibility as that moment. New rules meant that investors would no longer be able to use their home loan interest costs to cut their tax bills’

    Gosh, the central bank/guberment is almost dog piling the shack gamblers at the worst possible point – the peak.

    Oh right, it happens every time.

  8. ‘I believe this is the start of the housing market transitioning towards a buyers’ market.’”

    1) Realtors are liars; and 2) This is what the incipient phase of a housing bubble bust looks like

  9. WARNING: This link contains a 1:45 video of Chicago Mayor Lori Lightfoot and her wife.

    By NATASHA ANDERSON FOR DAILYMAIL.COM
    PUBLISHED: 01:59 EST, 27 December 2021

    Chicago Mayor Lori Lightfoot was slammed on Twitter after she and her wife, Amy Eshleman, posted a video wishing a ‘joyous Kwanzaa’ to all who celebrate.

    The pair, who also used the holiday video as an opportunity to promote COVID-19 vaccinations, were criticized by Twitter users who cited the crime wave ravaging Chicago and Lightfoot’s alleged failures as leader.

    ‘Is this a Saturday Night Live skit?’ questioned @ParkerRinger.

    ‘One can only hope they include NOT stealing, obeying the law, not committing murder, produce your own income, feed and house your own kids, contribute to society and don’t be bitter and angry,’ @Jasonwarnick4 wrote. ‘Have your people follow those rules and your City won’t be in a permanent state of chaos.’

    Others criticized Lightfoot for promoting a holiday which was founded in 1966 by black nationalist Dr. Maulana Karenga, who was later convicted of torture and served four years in prison.

    https://www.dailymail.co.uk/video/news/video-2577291/Video-Lori-Lightfoot-wife-wish-Chicago-joyous-Kwanzaa.html

          1. Living in an alternative grammar and dictionary universe. I have neither a clue nor care what a Gammon or Tory is.

          4. It’s like a whole new world that I never knew existed just opened up after I clicked on that link, and it’s not a good surprise.

          5. I have neither a clue nor care what a Gammon or Tory is.

            British idioms. A Gammon is a middle aged, conservative white man. Tory is what conservatives are called in Britain

          6. Heh, I was thinking of the Tories from the Revolution. I guess they haven’t changed.

            I had to look up Gammon. Urban Dictionary to the rescue!

  10. “Those searching for a home will be glad to hear price cuts are on the rise. The share of listings with a price cut surged 46.51% from January through October, according to the GOBankingRates study. Additionally, the average price cut increased 19.42% during this time period.”

    Anyone searching for a home in the current insane pricing environment is a few IQ points short of moron. I’ll wait until FBs are walking away from their underwater shacks in their millions before I even think about looking.

  11. In October, the Reserve Bank lifted the official cash rate for the first time in seven years.

    The RBA provides stiff competition to the Fed when it comes to the category of “Most reckless and irresponsible Keynesian fraudsters on the planet.” The New Zealand bubble bust, when the financial reckoning day can no longer be averted with QE-to-Infinity, is going to be downright Biblical.

  12. “It was not a huge price rise, or a jaw-dropping sale, or the long overdue increase in supply, that experts picked as the stand-out moment of the year though. They all picked the Government’s March announcement of the removal of interest deductibility as that moment.

    Australia & New Zealand seem to be the testbeds for the globalists’ Great Reset. Once the elites & central bankers actuate controlled detonations of their housing bubbles, you know it won’t be long before the Wall Street-Federal Reserve Looting Syndicate engineers a crash of its Ponzi markets & asset bubbles to kick off the next Great Muppet Reaping.

    1. I would caution you not to post a link like that without a…

      “WARNING: This link contains a 1:45 video of Chicago Mayor Lori Lightfoot and her wife.”

      Or it could lead to a pre-existing condition that could be fatal if someone were to consume a Covid positive Red Bull.

  14. Hey globalists, maybe the former sheeple are starting to see through the lies, propaganda, and DNC talking points being fed to them by your discredited MSM mouthpieces.

    Outlets hurt by dwindling public interest in news in 2021

    https://apnews.com/article/coronavirus-pandemic-health-business-presidential-elections-arts-and-entertainment-7cc91db0950a8e7e7bcf50d5d23dfc26

    NEW YORK (AP) — The presidential election, pandemic and racial reckoning were stories that drove intense interest and engagement to news outlets in 2020. To a large degree, 2021 represented the inevitable hangover.

    Various metrics illustrate the dwindling popularity of news content.
    Cable news networks were the main form of evening entertainment for millions of Americans last year. In 2021, weekday prime-time viewership dropped 38% at CNN, 34% at Fox News Channel and 25% at MSNBC, according to the Nielsen company.

  15. Real Journalists.

    Washington Post — Thousands who ‘followed the rules’ are about to get covid. They shouldn’t be ashamed (12/22/2021):

    “is part of a rapid uptick in cases in the United States. As two variants collide and states hit new records daily, breakthrough cases are becoming more normal and less of an exception; the Centers for Disease Control and Prevention warns these cases are now “likely” to occur. For many people who test positive during this latest surge, the virus is sparking yet another unpleasant feeling in an ordeal that’s churned out plenty: shame.

    “There’s been this large narrative about the importance of controlling your actions to prevent yourself from getting sick, and from transmitting the illness to other people,” says Jessica Stern, a clinical psychologist at NYU Langone Health. “Because the narrative is so closely connected to our behaviors, I think there’s this implication, or this assumption, that if you get sick, you must have done something wrong to bring it onto yourself.” That’s not true, she stresses, “but unfortunately it’s inherent in the way we’ve been thinking about and talking about covid.” That can lead to shame, which Stern defines as “the combination of embarrassment or guilt and identity — one of the most visceral emotions.”

    https://archive.fo/xW8UB

    COVID “vaccines” are not vaccines.

    Real Journalists, this is what “losing control of the narrative” looks like.

    1. Epoch Times — Belgium Man Arrested While Attempting to Get 9th COVID-19 Vaccine on Behalf of Others (12/24/2021):

      “A man was arrested in Belgium on Sunday after attempting to get his ninth COVID-19 vaccine on behalf of others, according to local media reports.

      Employees in multiple vaccination centers in the cities of Namur and Charleroi alerted police after they noticed the man had returned for more vaccine shots within a short time period, according to De Standaard.

      He was reportedly arrested by undercover police officers.

      The Namur public prosecutor’s office has ordered an investigation into the incident and noted that several people who had given the man their ID cards to get vaccines on their behalf have already been identified. They face up to five years in prison and a fine of up to 800,000 euros ($906,000) for forgery and fraud by means of information technology, if found guilty.”

      https://www.theepochtimes.com/belgium-man-arrested-while-attempting-to-get-9th-covid-19-vaccine-on-behalf-of-others_4176103.html

  17. This is a urine soaked mattress article.

    Salon — White supremacist Christmas: Those Boebert and Massie “gun photos” are a direct threat (12/24/2021):

    “In the spirit of holiday cheer, Massie and Boebert recently shared family Christmas photos on social media — in which every family member is brandishing a gun. There’s nothing unique about them. Such a “tradition” is fairly common among a particular subculture of American gun fetishists and “ammosexuals.” This is but another symptom of America’s unhealthy infatuation with gun violence.”

    https://archive.fo/gBgwy

    22 shot in progressive utopia Chicago over Christmas weekend.

    Lauren Boebert is the /r/Denver sub-Reddit’s chosen TDS trigger, but the best thing about it is that they can’t vote against her, because they don’t live in her district!

    1. 22 shot in progressive utopia Chicago over Christmas weekend.

      But Mayor Spookie and her whatever she is wished Chicago a happy Kwanzaa. An artificial holiday no one celebrates.

      1. What a nasty, nasty creature that is.

        I visited Chicago in 2018 for a funeral / memorial, and it’s likely the last time I’ll ever have to set foot in that sh*thole.

        Imagine actually paying property taxes to such a failed, dysfunctional, municipality? I never will.

        1. “What a nasty, nasty creature that is.”

          … and that’s being nice. I started but it never would have made it out of moderation so I moved onto falling housing prices.

    2. The family portraits with guns put the globalists & their Democrat-Bolshevik Quislings on notice that the Founding Fathers gave us the 2nd Amendment as the ultimate check against tyranny.

      1. Imagine the paroxysms of rage that overcome globalists and their Real Journalist lapdogs when the two things they hate the most – the nuclear family and the 2nd Amendment – appear together in a not-so-subtle middle finger to the elites & their totalitarian agenda.

    1. More rampant speculation at work. I guess that we’ve run out of trees even though the lumber trucks run by my house 50 times a day here in Georgia.

  19. Best thing I got for Christmas was news that (allegedly) investor sales of SFHs have been up. I hope it is true. I’m sure there were more wannabe owners willing to sign over 60, 70% of their take-home pay for mortgages, but investors are going to help use those last tanks of oxygen to get more climbers on the summit.

  20. oftwominds-Charles Hugh Smith: Sleepwalking Into the Abyss in 2022
    http://charleshughsmith.blogspot.com/2021/12/sleepwalking-into-abyss-in-2022.html

    (a snip)

    “We no longer solve the hard problems because they require changing a system that benefits the wealthy and powerful to the exclusion of everyone else. Only the debt-serfs and tax-donkeys suffer, but since they’re passive and powerless, who cares?

    “The sugary optimism also masks the destructive nature of the easy fixes that are so beloved by the political class: debt, inflation and narrative control. All are politically and economically painless at first, and but the systemic consequences eventually erode the entire status quo, which collapses in a putrid heap of lies, artifice, fakery, profiteering, delusion and deception.

    “Making everyone feel warm and fuzzy by borrowing and distributing ‘free money’ works wonders more or less like a sugar-cocaine speedball. The cost of the new debt is spread over years in the future, and a Federal Reserve beholden to those reaping the profits from debt (banks, financiers, the wealthy) is always ready to lower interest rates to ease the pain of servicing debt as a means of enabling ever-greater borrowing going forward.

    “What could be better? Borrow and spend now, pay in installments stretching far into the future. Alas, the advance of time is inexorable, and the future soon becomes the present. And despite the declining rate of interest, all that rapidly expanding debt is now sucking the income well dry, leaving insufficient income to borrow more or spend more.

    “Oops. Don’t you hate it when the system works so well and then it suddenly implodes due to its self-reinforcing, self-destructive structural incoherence? A system dependent on debt for ‘growth’ is self-liquidating, meaning that the debt eats the system alive by siphoning off income while malinvestment, waste and speculative gambling destroys the “capital” funded by the debt.

    “Inflation is equally beloved by the political class for the same reasons: it’s painless at the start and everyone loves the illusion that assets are rising without anyone actually creating any additional value or productivity–it’s all magic. Just print a few trillion dollars and pump the ‘free money’ into stock buybacks and speculative bets, and voila, everyone who already owns assets gets richer without doing anything but being a genius.

    “All the fun stuff eventually generates real-world inflation and inflates assets into insane bubbles that eventually pop at the least opportune time, right when everyone watching their wealth swell like clockwork starts believing not just in their own genius but in the perpetual-motion machine of Fed-printing and rapidly expanding debt.

    “Those expecting assets to bubble higher forever and real-world costs to deflate have it backward: it’s the assets which have inflated that will deflate back to starting levels of valuation and it’s real-world inflation that will gather momentum and shred the economy and political structure.

    “Those depending on earned income will see the purchasing power of their earnings drop precipitously while those who were counting on their vastly enlarged unearned ‘wealth’ in asset bubbles to fund their lifestyle and lavish retirement will experience 80% declines in the ‘wealth’ they presumed was permanent.

    “It will be a great shock to the political class, but controlling the narrative to protect your interests won’t actually stop the systemic momentum careening over the cliff. Demanding that everyone disavow problems doesn’t actually solve the problems.

    “Alas, expedient speedball fixes to systemic problems only create new instabilities while fueling the instabilities of the problems left unsolved. Sleepwalking in a fantasy-dream of free money forever, free energy forever and endlessly expanding asset bubbles of Snip ‘wealth’ will take us to the edge of the cliff and then into the abyss.

    “What would be truly optimistic would be to surrender our dependence on asset bubbles and mal-invested debt to prop up an unstable delusion of effortless ‘wealth’ and an unsustainable waste is growth Landfill Economy.”

    2. “Those depending on earned income will see the purchasing power of their earnings drop precipitously while those who were counting on their vastly enlarged unearned ‘wealth’ in asset bubbles to fund their lifestyle and lavish retirement will experience 80% declines in the ‘wealth’ they presumed was permanent.”

      But what about my NFT’s ?

    3. it’s the assets which have inflated that will deflate back to starting levels of valuation and it’s real-world inflation that will gather momentum

      Could someone translate this? There is a huge debate going on in a corner of the financial community. The equities market is showing all the classic signs of peaking and crashing, dot-bomb style. Yet the dollar is showing all the classic signs of inflating away, in which case equities would (have been) inflating too. I don’t see how both can happen at the same time.

      1. I don’t see how both can happen at the same time.

        their view is too simplistic. none of them believe that it’s possible to have more dollars and have a rising dollar value at the same time. it’s rare, but it happens.

        in general, a weakening economy brings rising inflation. but there are too many variables to be precise.

        it helps to understand that efficiency of production gives dollars their value. the real question then becomes, what affects efficiency? the best way to access value is with labor, not currency.

        here’s an axiom:
        currency measures labor, and labor measures value.

  22. ‘…the temperature has obviously dropped, but the Sky Pool is still open to residents and currently uncovered. We’re basically heating the sky.’

    That’s a creative way for Powell bux to die…

  23. “It is a farcry from the brave project that saw money pumped into the game in the Far East, based on the dream of President Xi Jingping see his nation become a genuine competitor for World Cup glory.”

    How does Winnie the Pooh save fame in light of such a debacle?

    2. It doesn’t look like Team China will be going to Qatar next year. They are in 5th place in Asia’s group B.

  24. No need to ask this harpy’s political affiliation.

    Woman is arrested by FBI for attacking man, 80, who wasn’t wearing mask on Delta flight while eating – even though she’d taken hers off too – in foul-mouthed brawl that injured crew

    https://www.dailymail.co.uk/news/article-10347487/Woman-arrested-FBI-injuring-people-flight-crew-Delta-flight.html

    A female Delta passenger was arrested by the FBI after she was captured attacking an elderly man on a flight for not wearing a mask – even though she wasn’t wearing one either.

    Patricia Cornwall was on a Thursday flight from Tampa to Atlanta when the altercation took place, after she took exception to her 80 year-old male target taking off the face covering to eat and drink while at his seat.

      2. A realtor. Go figure.

        EXCLUSIVE: Foul-mouthed Delta passenger who was arrested for spitting at and punching 80-year-old passenger for not wearing mask while he ate – despite her NOT wearing one either – is revealed to be a luxury real estate agent and former Raiderette

        https://www.dailymail.co.uk/news/article-10348567/PICTURED-Foul-mouthed-real-estate-agent-arrested-SPITTING-PUNCHING-80-year-old-passenger.html

        A woman who formerly worked as a luxury real estate agent in California has been revealed as the Delta passenger who was arrested by the FBI for attacking an 80-year-old man on a plane, after he removed his face mask to eat.

        Patricia Cornwall, a real estate agent previously based in Los Angeles, who in the 1990s was – according to TikLeak – a member of the Raiderettes cheerleaders for the Las Vegas NFL team, was on a Thursday flight from Tampa to Atlanta when the altercation took place.

        1. “Patricia Cornwall is a former Playboy model and Baywatch actress”

          Apparently she learned how to seal the deal from her days on the casting couch.

    2. Gotta wonder if this is a ruse. Nevertheless, if I were in that position, in an instant, without hestitation, I would have cleaned the teeth out of her head. Every last one of them then proceed with delivering a KO.

  25. Children have the most to lose from Democrat-Bolshevik malgovernance.

    I’m leaving NYC — to protect my children from its feckless leaders

    https://nypost.com/2021/12/27/im-leaving-nyc-to-protect-my-children/

    I am leaving New York City, the place where my husband and I both grew up and where we had planned to raise our own kids. The response to COVID-19 in New York, in particular where children are concerned, has driven our family out.

    Children have been an afterthought, at best, and have had their childhoods casually destroyed by our heavy-handed, and ultimately ineffective, response. I can no longer subject my own kids to it.

  26. Hmm…wonder what the common denominator could be in this inexplicable rash of heart attacks among previously healthy people in their 40s and 50s. Post-Pandemic Stress Disorder?

    BREAKING NEWS: Emmy-winning director of Dallas Buyers Club and Big Little Lies, Jean-Marc Vallée, 58, died of heart attack ‘on Christmas Day’ while alone at his Quebec log cabin

    https://www.dailymail.co.uk/tvshowbiz/article-10348081/Jean-Marc-Vall-e-58-died-HEART-ATTACK-Christmas-Day-Quebec-log-cabin.html

    Dallas Buyers Club and Big Little Lies director Jean-Marc Vallee reportedly died of a heart attack at his Quebec log cabin and is believed to have lost his life on Christmas Day.

    The filmmaker likely died of heart failure on December 25 while preparing to receive guests the following day, multiple sources told Deadline.

    1. I can only wonder how many unreported “little people” are keeling over from the kill shot, and the reports of their deaths are being sent to the memory hole.

        1. You took the experimental biological agent.

          I have done no such thing. I did have the coof over two months ago.

      3. People are reporting injuries / side effects on Twitter:

        Rare
        @theysayitsrare

        Died Suddenly & Unexpectedly
        @diedsuddenly

  27. NY Times Editor, 49, Dies One Day After Moderna Booster Jab

    by Adan Salazar
    December 27th 2021, 12:22 pm

    An editor for The New York Times died from a heart attack one day after he received a Moderna Covid-19 booster jab.

    Deputy Asia editor, Carlos Tejada, 49, passed away in Seoul, South Korea, a little over a week ago, the Times acknowledged Wednesday.

    In a tweet on Dec. 18, Carlos’ wife Nora reported the cause was a heart attack.

    Only one day earlier, Carlos boasted on Instagram that he’d just received a Moderna booster, jesting he filled out a form he couldn’t understand and was now a member of a K-pop fan club.

    “Hey Omicron: Hit me with your wet snot,” he jokingly dared.

    https://www.infowars.com/

    2. An editor for The New York Times died from a heart attack one day after he received a Moderna Covid-19 booster jab.

      Just remember, it would have been worse had he been unjabbed.

    3. I’d mourn his passing but for him being a journalist. When a Globalist dies a thousand butterflies hatch.

    1. Speaking of Salinas, I hope SalinasRon is feeling better and just lurking once in a while. For those who don’t know, his young wife became ill and passed away.

  30. From the header: “A report from Go Banking Rates. “Inventory hit an all-time low from about May 2020 through May 2021, said Jonathan Spears, a real estate agent based in Santa Rosa Beach, Florida. However, he said inventory began to slowly increase in June.”

    • Cars have low inventory and concomitant low sales.
    • Houses have low inventory and paradoxically near record level sales.

    So: there’s a lot of house inventory, enough to support near record sales. But the market is so fast that houses just blip on and off the market so quickly that any given snapshot at one time shows low inventory. New monthly listings were lower, but they were more than able to support the high sales level. This is a market with huge levels of FOMO. What’s going to cause it to change? I have no idea. With 2022 elections coming up, the Fed’s choice is to crash the markets with higher rates or let high inflation run, supported by vast money printing kindling, sparked by an exogenous inflationary shock that no one predicted, what route will they take?

  31. CNBC — Fraudci says U.S. should consider vaccine mandate for domestic air travel (12/27/2021):

    “The federal government should consider requiring Covid-19 vaccines for domestic flights, the nation’s top infectious disease expert said Monday.

    “When you make vaccinations a requirement, that’s another incentive to get more people vaccinated,” said Dr. Anthony Fauci in an interview on MSNBC’s “Morning Joe.” “If you want to do that with domestic flights, I think that’s something that seriously should be considered.”

    https://www.cnbc.com/2021/12/27/fauci-says-us-should-consider-vaccine-mandate-for-domestic-air-travel.html

    How many people have died from the alleged Omicron variant?

    How many? You can’t say? Oh yeah, f* your narrative…

  32. Wonder how many more “militia plots” the FBI will cook up next year as the Deep State intensifies its assault on the 2nd Amendment and conjures up new “threats” to justify further Orwellian creepiness & infringements on our few remaining rights & liberties.

    Five men accused of plotting to kidnap Michigan Gov. Gretchen Whitmer want charges DISMISSED because FBI ‘invented conspiracy’ and informants ‘funded and agitated’ the movement

    https://www.dailymail.co.uk/news/article-10347465/FBI-invented-conspiracy-kidnap-Michigan-governor-lawyers-five-men-charged-say.html

    Five men associated with the far-right Wolverine Watchmen militia group have asked a judge to dismiss charges of plotting to kidnap Michigan Gov. Gretchen Whitmer after claiming that the FBI fabricated the plan and tried to trap them in the conspiracy.

    Barry Croff, 44, Adam Fox, 40, Kaleb Franks, Daniel Harris, 23, and Brandon Caserta were arrested on October 8, 2020 after allegedly hatched the plot because they were upset with Whitmer’s COVID-19 restrictions. All five men are currently in custody.

  33. New Zealand says 26-year-old plumber’s death ‘probably’ caused by Pfizer vaccine

    https://www.news.com.au/lifestyle/health/health-problems/new-zealand-says-26yearold-plumbers-death-probably-caused-by-pfizer-vaccine/news-story/6973953da67ed867125b516a703f969e

    A 26-year-old plumber’s death from myocarditis two weeks after his Pfizer shot was “probably” caused by the vaccine, a medical panel has concluded.

    A 26-year-old New Zealand man’s death from myocarditis two weeks after his Pfizer shot was “probably” caused by the vaccine, a medical panel has concluded.

    It’s the second death in the country health authorities have linked to the known but rare condition associated with mRNA vaccines.

    1. known but rare condition

      If they reported deaths “with vaccine” we’d be having quite the party. It would be alot more than the deaths “with the positive Covid test”.

  34. In the first of two speeches at a Fed symposium about the “Greenspan legacy,” the Fed chairman implicitly took aim at both the torrid run-up in housing prices and at the broader willingness of investors to bid up the prices of stocks and bonds and accept relatively low rates of return.

    Both trends reflect what Mr. Greenspan said was the increased willingness of investors to accept low “risk premiums, a willingness based on a complacent assumption that the low interest rates, low inflation and strong growth of recent years are likely to be permanent.”

    “Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher prices,” he said. “This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.”

    Mr. Greenspan also noted that consumers were more willing to spend money based on an apparent increase in wealth, rather than increases in their earnings, when part of that wealth was based on gains from stocks or real estate that could readily disappear.

    – Alan Greenspan, August 2005

    Greenspan, in hindsight, had some deeply flawed core beliefs, chief among them was that businesses would self-regulate. It was the “cult of the rich guy” paradigm of the late 90s to the mid 2000s. People do all kinds of shady things for profit so the “self-regulation” could be mafia-like.

    But was he right about the risk premiums? With the Fed now making every bad lending decision profitable, and the de facto implementation of MMT for government and Wall Street – has anything changed?

    I always said they – the Fed/Government/Wall-Street – would never quit what they were doing with monetary policy until they had to.

  36. CDC Makes Major Changes To Covid Isolation Recos, Treats Unboosted As Unvaxxed For Quarantines

    https://www.nationandstate.com/2021/12/27/cdc-makes-major-changes-to-covid-isolation-recos-treats-unboosted-as-unvaxxed-for-quarantines/

    And so, the “scientific” goal posts move again.

    With even Biden this close to admitting defeat over covid, admitting today that “there is no Federal solution” before quietly getting out of Dodge, the CDC announced late on Monday that is slashing its previous self-isolation recommended period in half, and telling people who have Covid-19 to isolate themselves from others for 5 days if they aren’t experiencing symptoms, down from 10 days previously.

    1. From the CDC…

      “Due to the increased transmissibility of the SARS-CoV-2 Omicron variant and concerns about potential impacts on the healthcare system, the Centers for Disease Control and Prevention (CDC) is updating recommendations to enhance protection for healthcare personnel, patients, and visitors, and ensure adequate staffing in healthcare facilities.”

      So, screw science, we are short nurses so we’ll use sick ones. Reminds me of Cuomo’s solution.

      https://emergency.cdc.gov/han/2021/han00460.asp?ACSTrackingID=USCDC_511-DM72622&ACSTrackingLabel=HAN%20460%20-%20General%20Public&deliveryName=USCDC_511-DM72622

  37. Protests Erupt In South Korea Over Vaccination Deaths

    https://www.zerohedge.com/covid-19/protests-erupt-south-korea-over-vaccination-deaths

    Americans and Europeans aren’t the only people to express skepticism of the COVID jabs produced by a handful of pharmaceutical giants, most notably Pfizer and Moderna. As reports of deaths and other ‘adverse health events’ suspected of being triggered by vaccines mount, South Koreans are reportedly taking to the streets to protest their governments’ refusal to acknowledge thousands of deaths that many believe were caused by vaccines.

    As we said above, more than 10K people have died under murky circumstances shortly after being vaccinated in South Korea. The government has only reported a connection in a handful of serious cases. But it has also moved to recognize and compensate victims: for example, a nursing assistant was recognized in August as a victim of an industrial accident and awarded government benefits after suffering paralysis in the wake of receiving AstraZeneca’s COVID shot.

  39. Investigation Has Launched After Three-Year-Old Girl Dies From Cardiac Arrest One Day After Receiving COVID-19 Vaccine in Argentina

    https://www.thegatewaypundit.com/2021/12/investigation-launched-three-year-old-girl-dies-cardiac-arrest-one-day-receiving-covid-19-vaccine-argentina/

    The Ministry of Public Health of Tucumán, Argentina released a report that a three-year-old girl died last December 16 and the justice system has intervened and will investigate the cause of her death.

    “On Thursday, December 16, 2021, at 12:00 hours, a 3-year-old patient, in cardiorespiratory arrest, enters the Emergency Service of the Hospital of the Child Jesus. Advanced resuscitation maneuvers are carried out and, when [she] does not respond, [her] death is declared,” the Tucumán Ministry of Health said in a statement.

    1. These demons don’t care who they kill. They will probably gaslight the little girls family that heart attacks are common in three year olds.

  40. Soon, Brits will own nothing and will be happier for it…

    UK Government Transport Minister Trudy Harrison recently spoke at a mobility conference, addressing the future of personal mobility. In her comments, she said it was necessary to ditch the “20th-century thinking centred around private vehicle ownership and towards greater flexibility, with personal choice and low carbon shared transport.” That’s right, she said the quiet part loud and showed the hand of a growing number of government officials.

    And this is supposed to be a “conservative” UK government.

    We can forget about voting our way out of this mess.

        1. Which is why they ALWAYS confiscate the guns first before dropping the mask & showing their true agenda. Just ask the cucks of Australia & New Zealand.

  41. Vernon’ll meet me when the bo-Ac lands
    Keys to the M. G. Will be in his hands
    Adjust to the driving ‘n’ I’m on my way
    It’s all on the right side in Montego Bay

    https://youtu.be/7-VXC0h1Y6M

    ‘n’ Gillian’ll meet me like a brother would
    I think I remember but it’s twice as good
    Like how cool the rum is from his silver tray
    I thirst to be thirsty in Montego Bay

  42. Video: Fauci Admits Mandates Are ‘Just a Mechanism’ To Get More People Vaccinated

    by Steve Watson
    December 28th 2021, 4:22 am

    In an appearance Sunday Anthony Fauci admitted that vaccine mandates are merely a “mechanism” to coerce more Americans to take shots.

    Appearing on ABC Sunday, Fauci noted “A vaccine requirement for a person getting on the plane is just another level of getting people to have a mechanism that would spur them to get vaccinated.”

    This Week
    @ThisWeekABC
    “Anything that could get people more vaccinated would be welcome,” Dr. Anthony Fauci says when asked by @jonkarl about potential vaccine requirements for domestic air travel. https://abcn.ws/3svZGOx

    https://twitter.com/ThisWeekABC/status/1475113730979545092?s=20

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