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The Herd Piles In At The Point Of Peak Excitement And Overpays Horribly

A weekend topic starting with Fox. “Since mortgage rates will continue to rise but are not expected to increase considerably, experts suggest it may be worth it to wait until there is more supply or choices available later in the year or next. Yet, be aware, waiting longer also equates to higher prices as home values continue to increase. ‘Do everything you can to put yourself in the position to make the strongest offer now. You might not be able to afford the same area by the end of the year,’ added Eric Jurmo, a Detroit agent.”

“One thing is certain: homebuyer fatigue is settling in. Ron Melendez, a senior agent in Los Angeles with Compass added: ‘This market requires the right mindset and trust that what feels like an exorbitant price now will look like a bargain in a month. It is starting to feel like buyers are tapping out, unwilling to play the game anymore.'”

From Go Banking Rates. “If you’re a homeowner who was flirting with selling anyway, you might feel like you’re living inside of a giant lottery ticket — and who could blame you? ‘Selling a house is both a personal and financial decision,’ said Eric Hegwer, a realtor in Austin. ‘Before you list to sell, ask what your motivation is.’ He poses the following three questions to all prospective sellers: Do you need more or less space? Has your job changed and you need to be closer? Do you have a lot of equity and want to get some for a different purchase or investment?”

“If you don’t answer yes to any of those questions and selling is a choice instead of necessity, then Hegwer said, ‘I wouldn’t sell because I believe the market is still going up, at least for the next two years.'”

From Newshub New Zealand. “With growth in the housing market slowing and asking prices plummeting in some areas a property expert believes now might be the right time for people to start searching for their first home. CoreLogic chief property economist Kelvin Davidson told AM on Monday the housing market is a little bit ‘sluggish.’ ‘The key thing we’ve seen turn around is listings, there is still a reasonable flow of listings coming onto the market but what’s happened is sales at the other end of the pipeline have tailed off as credit has tightened up,’ he said.”

“‘I have seen some stats from around Auckland that some auction clearance rates have been really poor so the mood has changed,’ Davidson told AM. ‘That is the other thing here, it’s not just interest rates or credit availability or listings, there is also the mood in the housing market that matters a lot and expectations matter a lot. If a buyer puts in a sneaky offer, maybe the vendor thinks ‘is that the best offer I’m going to get? Not sure I’ll get a second offer so I’ll take it.’ So once that mindset changes, it can change really quickly and it means a lot. It is hard to quantify but that could be going on too.'”

The Calgary Herald. “The roof is unlikely to collapse on the housing market now that the Bank of Canada has began hiking interest rates. ‘There is still tremendous buying power,’ says Chris Alexander, president of Re/Max Canada, noting the prime lending rate, affected by the increase, is 2.45 per cent. ‘The interesting thing is there are already signs of more inventory coming onto the market,’ he says, pointing to February data from across the country showing new listing increases. ‘That’s a positive sign because prospective buyers are getting a little tired with the currently tight market conditions.'”

From Better Dwelling. “A Canadian Big Six bank took on a key narrative from the central bank in a research note to clients this weekend. BMO Capital Market’s Rates and Macro Strategist Benjamin Reitzes addressed remarks from the Bank of Canada (BoC) Governor Tiff Macklem. Last week the Governor said high inflation was a supply issue, and low rates did not raise demand. Reizes found this particularly odd, especially when it comes to real estate sales (and prices). BMO not only disagreed with the BoC, but flat out said the central bank’s low rate policy drove real estate towards a bubble.”

“The recent challenge of the BoC’s statements is just the latest episode of, ‘What The Hell Are You Talking About, Macklem?’ Almost a year ago, statements from the central bank stopped making sense when contrasted with data. More recently, Canada’s largest bank made the highly unusual move of the CEO advocating for an interest rate hike. Let this sink in for a moment. How odd does the BoC have to act for banks to basically say the central bank is creating excess business for them? One would have to guess it’s getting close to reckless.”

From Bloomberg. “Ominous signs are piling up that more turmoil is still coming, as key indicators point toward a potential recession. ‘Over time, the three biggest factors that tend to drive the U.S. economy into a recession are an inverted yield curve, some kind of commodity price shock or Fed tightening,’ said Ed Clissold, chief U.S. strategist at Ned Davis Research. ‘Right now, there appears to be potential for all three to happen at the same time.'”

“Meanwhile, the Fed is unlikely to intervene to prevent sell-offs, according to George Saravelos, Deutsche Bank’s global head of currency research. That’s because the root cause of the current spike in inflation is a supply shock, rendering the playbook used to fight downturns for the past 30 years all but useless.”

From The National. “Human beings have always been prone to fads, fashions and manias — and investors are arguably the worst of the lot. History is full of examples of crazy investment manias, from railways to canals to South Sea stocks and Dutch tulip bulbs, and the irrationality continues to this day. We seem more prone to investment frenzies than ever.”

“Fads are dangerous things unless you are ahead of the trend, Chris Beauchamp, chief market analyst at online trading platform IG, says. ‘Too often, most investors only really hear about them when the big initial moves have already happened, as with ARK Innovation,’ he says. The herd piles in at the point of peak excitement and overpays horribly. ‘Afterwards they stick around, hoping that stellar performance will return. Sometimes it does, but frequently it doesn’t, and these investors end up holding the bag while the market moves on to the next big thing,’ Mr Beauchamp says.”

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This Post Has 175 Comments

  1. ‘This market requires the right mindset and trust that what feels like an exorbitant price now will look like a bargain in a month’

    I think I’ve heard something like this before.

    1. So I was trying to figure out what kind of humans could have possibly recently purchased shacks for $795k and $765k respectively in a Jupiter Fl, Hood where a house could be had for $190k in 2012.

      Then I was pulling into said Hood behind probably the nicest looking (from behind anyway) Toyota Camry I had ever seen, with CALIFORNIA PLATES. Then I knew.

      Made me think of Johnny Cash.

      I was loadin’ my Porsche along the dusty Winnemucca road,
      When along came a U-Haul with a high and canvas-covered load.
      “If you’re movin’ to Winnemucca, Mack, with me you can ride.”
      And so I climbed into the cab and then I settled down inside.
      He asked me if I’d seen buyers with so much cash in hand?
      And I said, “Listen, I flipped a house in every hood in this here land!

      I’ve bought everywhere, man.
      I’ve bought everywhere, man.
      Refied the desert’s bare, man.
      Cashed out in mountain air, man.
      Of short sales I’ve a-had my share, man.
      I’ve bought everywhere.

      I’ve bought in
      Louisville, Nashville, Knoxville, Ombabika,
      Schefferville, Jacksonville, Waterville, Costa Rica,
      Pittsfield, Springfield, Bakersfield, Shreveport,
      Hackensack, Cadillac, Fond du Lac, Davenport,
      Idaho, Jellico, Argentina, Diamantina,
      Pasadena, Catalina, see what I mean-a.

      I’ve bought everywhere.

      J-O-H-N-N-Y C-A-S-H – I’ve Been Everywhere – With Lyrics

      https://youtu.be/ov4epAJRPMw

      1. Hello Jeff,
        I love what you did here with those lyrics.
        Looks like Boo Randy’s “Lyin Realtor’s Eyes” have rubbed off on ya.

        Well done to both of you. Appreciate the entertainment.
        TYVM, –Geezer

    2. Times like these requires the right mindset and trust that what feels like an exorbitant price now will give way to a bargain in six years

      Fixed it!

      1. And for FBs who overpaid and are experiencing buyers’ remorse, Jussie Smollett has some words of consolation: “Don’t beat yourself up.”

  2. ‘the prime lending rate, affected by the increase, is 2.45 per cent. ‘The interesting thing is there are already signs of more inventory coming onto the market,’ he says, pointing to February data from across the country showing new listing increases’

    Moooh, bahhh! The herd slowly hears the gravy might dry up and amble toward the exits.

  3. ‘Over time, the three biggest factors that tend to drive the U.S. economy into a recession are an inverted yield curve, some kind of commodity price shock or Fed tightening…Right now, there appears to be potential for all three to happen at the same time’

    They are noticing the same thing in New Zealand. Even Australia’s central bank guy has thrown in the towel.

    ‘Meanwhile, the Fed is unlikely to intervene to prevent sell-offs, according to George Saravelos, Deutsche Bank’s global head of currency research. That’s because the root cause of the current spike in inflation is a supply shock, rendering the playbook used to fight downturns for the past 30 years all but useless’

    Wa? No baby jeebus to the rescue? I’m tempted to think the shack gamblers are fooked.

        1. Yes, gas lines and gas rationing that were a pain in the ass. Its didn’t last that long .
          What I remember more is the Cold War period where everybody was afraid the Russians were going to nuke us.
          People were trying to decide if they should buy a bomb shelter or a swimming pool. My friends family opted to buy the pool.
          The Cuban Missile Crisis was pretty unnerving when you saw on the news these Russian ships headed for Cuba, and Cuba had nukes pointed at Florida. Than after JFK made a deal with Russia, on the news you saw the Russian Ships turning around. Talk about real life drama.
          What I think about is how it never happened that we got nuked. I found out later that the US military wanted JKK to get into a battle with Russia, but JFK was wise enough to go another route.
          But now I look at the Globalists as being the biggest existential threat to humanity and the globe.

          1. Yes, gas lines and gas rationing that were a pain in the ass. Its didn’t last that long .

            I still remember the shock at the high gas prices, though that started well before Carter. But he was the one who told Americans to lower their expectations. That and a nasty recession didn’t go over well with voters, who had only voted him in because they were disgusted with the Watergate scandal. He had that “aw shucks” image that turned out to be false. The botched Iran hostage rescue also didn’t go over well.

            But, I would say, people were less ideological back then than now. And even though he was competent compared to Brandon and Cackles, voters decided they had enough and elected Ronald Reagan.

          2. I sold coffee, donuts, and stolen newspapers (lifted from the street machines for $0.10) to all the gas guzzlers waiting in line.

            My advice? Always try to get something good from something bad.

        2. “Any words of wisdom for us young’uns…”

          Once high prices (for everything) started happening you could feel the panic within businesses since there were no computers or networks, e.g., they didn’t know prices were higher until after their retail sale, and it came time to restock…at a higher price, so their profit margin had disappeared. Then businesses and consumers started buying in bulk on credit, so the lenders started losing as their loans were repaid with cheaper dollars. That’s when gold began its climb to new heights!

          Then stealing (larceny) got underway. If it wasn’t bolted to the ground…it would disappear. I recall these cone shaped springs that people would insert into their car’s filler neck to prevent siphoning just below the gas cap; this was before those flapper valve to prevent fumes from escaping. Going forward, I expect to see these (release from inside) gasoline filler doorway pried open resulting in body work charges and routine insurance deductibles.

          I recall a friend’s parents going broke in their LTL (less-than-truckload) delivery business in San Jose, CA, and they were big. Japanese economy cars were well positioned at the time, and the big three were trying to catch up with the Ford Pinto and Chevrolet Vega, but it was too late.

          And finally, the microprocessor was making its debut at the time, so Silicon Valley’s birth was underway. A big deal were those digital watches without hands!

  4. LMFAO@ this quote from a guy who works retail on the 16th Street Mall in Downtown Denver.

    Denverite — Is the worst of the pandemic behind us? (3/7/2022):

    “Denver itself has gotten way worse in the last year,” he said. “This is a completely different city since we started the pandemic. It’s so depressing. Everyone’s always coming in here talking about how dangerous it feels out there.”

    Society, as he sees it, is collapsing.

    “It’s like the fall of Rome”

    https://denverite.com/2022/03/07/is-the-worst-of-the-pandemic-behind-us-we-asked-these-denverites/

    “This sucker could go down” — George W. Bush

    1. Vote blue, go zoo. Denver purely & simply deserves everything bad that’s happening under Democrat-Bolshevik malgovernance.

      1. It’s the Denverite website.

        I should have added a disclaimer to stop reading after this guy’s quote, but apparently you’re a glutton for Mass Formation Psychosis.

  5. ‘The key thing we’ve seen turn around is listings, there is still a reasonable flow of listings coming onto the market but what’s happened is sales at the other end of the pipeline have tailed off as credit has tightened up’

    Again! Credit gets pulled and Harry Potter dashes in on his broom and shazaam!, thousands of shacks appear.

    1. “…there is still a reasonable flow of listings coming onto the market…”

      Next up: The reasonable flow morphs into a torrent, once shack gamblers collectively gain the wisdom that led Zillow to shutter it’s iBuy program.

      Possibly related: The families of real estate investors we have known for years from our church community are either in the process of moving out of state or already gone. I can only guess that the investment income stream has recently gone bone dry.

  6. New York Post — Don’t pretend that high prices and American suffering are a ‘bug’ for the establishment — it’s a historic feature (3/11/2022):

    “The establishment doesn’t like cheap gas, because it encourages ordinary Americans to drive, fly, heat their homes and generally enjoy life.

    The planet can’t afford such extravagances — though mysteriously it can afford the executive jets and extensive travel schedules of the American political class and tech oligarchs. They don’t mind high prices because they can always pay them. They just don’t want everyone else to enjoy a high-living globe-trotting lifestyle.

    Expensive food is also on the menu. For years, activists, environmentalists and “sustainability” gurus have been telling us that food is too cheap, encouraging waste. Well, the establishment is fixing that, too: With prices for fuel and fertilizer going up, prices for food are skyrocketing. In a reprise of the ugly Jimmy Carter years, inflation is taking off, and ordinary Americans are having to choose between eating, heating their homes and fueling their cars. Steaks are no longer for the little people — you’ll eat beans and rice and like it.”

    https://nypost.com/2022/03/11/high-prices-and-suffering-americans-are-not-a-bug-but-a-feature-for-the-establishment/

    Listen to your betters.

    Klaus and Saint Greta know what’s best for you…

    1. The Federalist — Biden’s Gas Prices Are The ‘Unity’ President’s Latest Way To Force You To Do What He Says (3/11/2022):

      “Oh, you don’t like gas prices? Good. Buy an electric car so we can hit our climate goals, rube. Also, eat cake.”

      https://thefederalist.com/2022/03/11/bidens-gas-prices-are-the-unity-presidents-latest-way-to-force-you-to-do-what-he-says/

      The Federalist — From Farmers To Office Commuters, Here’s How Biden’s Gas Prices Are Hurting Americans Coast-To-Coast (3/11/2022):

      “Like those of most Americans, Dennis Johnson’s fuel costs have doubled. He used to spend $25,000 on fuel, and now he spends $50,000 — every month.

      Johnson is a sixth-generation Michigan dairy farmer who also raises beef, corn, alfalfa, oats, and sorghum on 5,000 acres. His operations are extensive, with more than 20 tractors, more than 15 semi-trucks, 50 employees, and a trucking business that transports feed, manure, sand, and the farm’s milk production. The skyrocketing cost of fuel isn’t the first blow to the business either; it’s just hitting them when they’re already down.

      These skyrocketing fuel costs are not surprising, given the Biden administration’s radical pushes for green energy and its relinquishing of U.S. energy independence since his very first day in office. But while Biden can try to pretend it’s all Russia’s fault and say he “can’t do much right now,” as he did on Tuesday, millions of Americans across the country are barely keeping their heads above water. The cost of mobility is completely unsustainable.”

      https://thefederalist.com/2022/03/11/from-farmers-to-office-commuters-heres-how-bidens-gas-prices-are-hurting-americans-coast-to-coast/

      How’s that *drive til you qualify* working out for you now, loanowners?

        1. cog·ni·tive dis·so·nance
          /ˈkäɡnədiv ˈdisənəns/
          noun Psychology
          noun: cognitive dissonance

          -the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change.

          This morning I paged through a lot of stuff about gas prices. Who shut down pipelines and tells us we gotta stop using dinosaur juice or we’re all gonna DIE? Now they are howling, cut the gas tax guberments!

          How many bat virus labs are in ukranistan?

          Well not many. OK, there might be ten. No more than twenty.

          2. And they were all working on a cure for disease. That’s why we can’t let the Russians get them, or the records of our research.

        2. Yeah, and too bad fuel prices enter into the cost of producing almost everything else consumers buy…

        3. ‘What Are Y’all Gonna Do Next Month When Your Gallon of Milk Costs $11?’

          I saw a young woman at the grocery store yesterday and she appeared poor. I do not judge people, but this was the impression I got. She was fastidiously looking at her list before picking any item off the shelf. I glanced into her basket and everything was inexpensive and off-brand, but there were some sugary fruit drinks in there. Her clothing and overall appearance suggested a person of very limited means. She also looked very sad. I would have guessed she was early 20s.

          I honestly wished she was in line in front of me so I could pay for her entire cart of groceries, but I just don’t know how I’d go about such a thing. I would never want to embarrass or offend anybody. I much prefer to do things like this than donate to non-profits because of the waste and the high salaries of people who run them.

      2. I’d like to see Coma Joe fall down and a bus run him over. Just crush those old bones. I don’t care how mean that sounds. This guy is evil.

          1. I just curled into the fetal position. As bad as Brandon is, the thought of his epically incompetent diversity hire VP behind the resolute desk is the stuff of nightmares.

          2. As bad as Brandon is, the thought of his epically incompetent diversity hire VP behind the resolute desk is the stuff of nightmares.

            Could it really be worse than a dementia patient who’s sh!tting his pants and doesn’t know where he is? C’mon, this guy isn’t “in charge” of anything, including cleaning his own diaper. Get real. The globalists are in control of his every move.

          3. this guy isn’t “in charge” of anything

            This is obvious. It is obvious to those who went along and voted for him. That DT was wrongfully persecuted in office is obvious. That Biden was a corrupt grifter as VP is obvious.

            It is the obvious taunt to our faces, that they are in control and that there is nothing we can do about it.

            I think they have some surprises coming.

    2. Let face it the Globalists don’t like capitalism. The Globalist are parasites and looters , monopolist wanting to rig the economic systems.
      Basically they are like leeches who suck the blood of the host . Easy money by any means , fake wealth creation, bribery and extortion to defraud, cheat, and extract from the regular people.
      And now these fraudsters want to rule the World and depopulate whoever they want. Criminal mentality and psychopaths that are a menace to Society.

      1. Well, lets arrest them first, than after a thirty minute trial , off with their heads.
        I think all the wealth they stole by their schemes should be taken and returned , after a fair trial of course.

        1. Coming from a libtard, this doesn’t surprise me. You may want to read about the French Revolution, because that’s essentially what I’m asking.

        2. Anybody ever notice how these types are fine with the military slaughtering millions of innocent civilians, but the moment you talk about doing away with a very thin slice of oligarchs, they are outraged? Pathetic, horrible people.

        3. This comment and arrogant attitude really irked me, so ***WARNING*** I’m going to go on a bit of a rant here.

          When did it become acceptable to be a hypocrite? When did double standards become the norm? When did celebrating murder become en vogue? Remember when Obama said “I’m good at killing people” regarding his drone strikes, and he was celebrated? He’s a thug and a murderer, all in the interests of the globalist oligarchs, but he gets a full pass. He’s retired on Martha’s Vineyard in a $20 million oceanfront compound. Why is this acceptable?

          Remember when Hillary Clinton said “can’t we just drone this guy?” in regards to Julian Assange? Again, MURDER. And for what? To further the interests of the globalists. But these comments are just fine because she’s a billionaire globalist herself. Full pass. But a regular ol’ me asking when the people might start killing the globalists to save themselves? HOW DARE ME!

          Does anybody remember all of these virtue signaling focks spouting off about Ukraine coming to the aid of the hundreds of thousands of innocent Iraqis being slaughtered by the war machine? I seem to recall CRICKETS. But now these motherfockers are as thick as flies, bombarding the airwaves, the interwebs and the televisions with propaganda about “EVIL PUTIN!” when the evil is right in our own backyard. The evil is the globalist billionaires who are destroying our standard of living and stealing the fruits of our labors while using sideshows like Ukraine for smoke and mirrors. Wake the fock up.

          1. evil is right in our own backyard

            September 2018: Pentagon Biolaboratories – Investigative Documentary

            The US Embassy to Tbilisi is involved in the trafficking of frozen human blood and pathogens as diplomatic cargo for a secret military program. Internal documents, leaked to Bulgarian journalist Dilyana Gaytandzhieva by Georgian insiders, implicate US scientists in the transportation of and experimenting on pathogens under diplomatic cover. According to these documents, Pentagon scientists have been deployed to the Republic of Georgia and have been given diplomatic immunity to research deadly diseases and biting insects at the Lugar Center – the Pentagon biolaboratory in Georgia’s capital Tbilisi.
            The military facility is just one of the many Pentagon biolaboratories in 25 countries across the world.
            This investigative documentary was originally broadcast by Al Mayadeen TV.

            January 2022: Documents expose US biological experiments on allied soldiers in Ukraine and Georgia

          2. https://twitter.com/zaynMalikKizak/status/1454738514088710144:

            EcoHealth Alliance CEO, Peter Daszak’s brother, opera singer John Daszak, revealed: Father, Bohdan Daszak, (born March 21, 1926 died February 5, 1996 in Tameside, Greater Manchester, England) was a Ukrainian who at the end of the Second World War surrendered as…

            … an SS non-commissioned officer willing to cooperate in revealing crimes and medical experiments in the KZ Janowska extermination camp in Lviv known as Stanisław Lem’s „Eden” for Szymon Wiesenthal https://pl.wikipedia.org/wiki/Obóz_janoOb%C3%B3z_janowski #zaJob

            There are great snipes in Eden. At the head is an anonymous ruler who pretends his non-existence called a tyrant without a face. The leading technology is bioengineering attempting to produce a better breed by genetic therapies. The failed products of experiments are put to death

          4. I like your rant.
            But, I have been thinking about the Globalist, and they really have a lot of blind spots, as clever as they think their decades of trying to screw with the human race is. Basically they are in their little Ivory Towers , than they meet other weirdos once a year to discuss how they are going to loot, rob, steal, kill, or genetically alter the human race.
            I can tell you right now, if they accomplished their goals of owning all the resources , so humanity would have nothing and like it, they still wouldn’t be happy.
            And the way they like to play God, is just trying to over achieve. They can’t do it, they can’t even make a vaccine that works.
            And they need to hire a new PR firm because all their Spokespeople are creepy and nerdy, and leak all the time all the horrible things they plan on doing. Look at Klaus Schwab, he’s a old sourpuss, that never smiles, and dresses really weird. And the German accent is just to Hitler.
            And not a one of their leader puppets are likeable either. Biden poops in his pants, can’t finish a sentence, and he doesn’t like most US Citizens, especially the unvaccinated.
            The Globalist keep lying with their fake news , but their whoppers are getting a little to far out. Even dumb asses are scratching their heads.
            Really, I think they want to be caught, like the Guy in the book Crime and Punishment.
            Its our duty to bust them, after all they are really getting blatant about their crimes against humanity. And they aren’t so good at science like they think they are, because you know, don’t screw with mother nature.
            Basically I would like to slit their throats, does that make me a bad person? ( after a fair trial of course)

            My attempt to be funny, but actually the situation is not funny at all . I’m actually very sad about what’s occurring..

          5. and leak all the time all the horrible things they plan on doing

            IMHO, they aren’t leaks.

          6. Did you catch the use of insects? GMO mosquitos to be released in CA and FL soon. Hmm.

          7. Mostly choir here with a few Christmas and Easter church goers for virtue signaling.

            FWIW, I will deem my life complete if I can take two of those MF’s with me. The elitists, not the virtue signalers.

          8. The elitists, not the virtue signalers.

            Why leave the virtue signalers out?! They’re enablers.

          9. virtue signalers

            Speaking of . . . saw a Tesla with a very large Ukraine Trident flag yesterday near Legoland.

    2. Let face it the Globalists don’t like capitalism.

      If you watch any Brit show, whether a whodunit or some bit of drama about the aristocracy, there always seems to be at least one member of the family who is off his or her rocker. Not surprising that their elite schools have gone the same way.

  8. ‘Following an op-ed where she blasted the Jussie Smollett sentencing, Kim Foxx sat down with WGN news for an exclusive one-on-one interview. It comes at the conclusion of the three-year saga, which ended with the former “Empire” actor being sentenced to 150 days in Cook County Jail.’

    ‘Following the sentencing, Kim Foxx released an op-ed in the Chicago Sun-Times blasting the decision to give Smollett jail time. In it, she claimed Black women-elected prosecutors face a “mob mentality” and defended her office’s decision to drop the original charges.’

    ‘“I think Smollett paid the price for people who had a thirst for revenge,” she told Micah Materre Friday. Back in December, Smollett was found guilty on five counts of disorderly conduct, a Class 4 felony.
    “For the last three years, there’s been this deliberate attempt to upend the decision my office made and it feels unprecedented and it feels personal,” Foxx said.’

    https://wgntv.com/news/kim-foxx-blasts-smollett-sentencing-defends-offices-decision-to-drop-charges/

    This clown wrote the guys a check Kim.

    1. Re-post of some local news.

      KDVR — Family of protest shooting victim reacts to dropped charges (3/10/2022):

      “The decision to drop charges against Matthew Dolloff did not sit well with the family of Lee Keltner.

      The Denver district attorney will drop charges against Dolloff, the unlicensed security guard who shot and killed Keltner.”

      https://kdvr.com/news/local/denver-protest-shooting-victim-reacts-to-dropped-charges/

      Murder is legal when you are antifa.

      This is the kind of municipal government and justice system you can expect to live under in a city / county that voted almost 80% Democrat Party in the 2020 election.

      This is the Democrat Party.

      1. “a city / county”

        Soon to be “city/county/state”. Your next land purchase should be in a different state.

    2. “I think Smollett paid the price for people who had a thirst for revenge,”

      You can’t see Jussie’s chains…

    3. This clown wrote the guys a check Kim.

      The end justifies the means to cheaters and fraudsters, which is all this woman is.

  9. Yet, be aware, waiting longer also equates to higher prices as home values continue to increase.

    Flawed assumption, REIC shill. When the Fed’s Everything Bubble craters under the weight of its own accumulated debt, fraud, and artifice, the wipeout of fake “value” created by fake Yellen Bux “money” will be downright Biblical.

  10. ‘This market requires the right mindset and trust that what feels like an exorbitant price now will look like a bargain in a month.

    In other words, profound stupidity. Watching the fools who bought into this “advice” get their heads handed to them is going to be schadenfreude at its finest.

  11. – Hello world.

    A weekend topic starting with Fox. “Since mortgage rates will continue to rise but are not expected to increase considerably, experts suggest it may be worth it to wait until there is more supply or choices available later in the year or next. Yet, be aware, waiting longer [as rates rise] also equates to higher prices as home values continue to increase [ rising rates = lower prices]. ‘Do everything you can to put yourself in the position to make the strongest offer now. You might not be able to afford the same area by the end of the year,’ added Eric Jurmo, a Detroit agent.”

    – It’s always a good time to buy! Always be closing! Catch that falling knife! Even as rates rise/prices fall. The Fed hasn’t actually started tightening yet (raising rates), but rates have already risen over 1%.

    “One thing is certain: homebuyer fatigue is settling in. Ron Melendez, a senior agent in Los Angeles with Compass added: ‘This market requires the right mindset and trust that what feels like an exorbitant price now will look like a bargain in a month. It is starting to feel like buyers are tapping out, unwilling to play the game anymore.’”

    – First time buyers are now effectively priced out. Everyone else (mostly speculators) knows the jig is up. Unless lending standards are relaxed (further), this is over. Stick a fork in it. But don’t say “bubble,” because it’s not; this is a completely rational and normal, non-Fed stimulated housing market. Just like housing bubble 1.0, only bigger.
    – And now with general price inflation, everything’s expensive.
    – The slow-motion train-wreck of “The Everything Bubble” bursting continues apace. Stonks, bonds (check the HY and even IG spreads), and of course housing, are all feeling it as the Fed is forced to step off the accelerator by massive inflation, which the Fed (QE goosing markets + debt monetization funding government spending) and Government (ridiculously ludicrously high spending) caused in the first place. Biden is blaming Putin, but we all know the real cause: fiscal + monetary policies + anti-fossil fuels policies. Worst President ever? History will be the judge.

  12. From the first link:

    “If people are waiting for a price to decline, well, it’s not going to happen,” Lawrence Yun, chief economist of the NAR, told FOX Television Stations. Yun predicts the U.S. will “definitely” see higher mortgage rates, but notes there should be no reason to be alarmed.’

    ‘According to data from Zillow, the current average interest rate for the most popular 30-year fixed mortgage is 3.91%. The NAR projects the 30-year fixed mortgage rate will close the year at 3.9%. “3.5% is still a ridiculous rate you’ll probably never see again,” Fox noted in February of Arizona’s interest rates.’

    “Maybe we will reach something closer to 4% average rate on the mortgages by year-end, from 3% of last year. It is an increase, but it’s not a drastic increase,” Yun explained last month.’

    Last month? Rates are already over 4% Larry.

    ‘If people are waiting for a price to decline, well, it’s not going to happen’

    Click! There’s yer Thornberg moment Larry.

    1. “If people are waiting for a price to decline, well, it’s not going to happen,” Lawrence Yun, chief economist of the NAR, told FOX Television Stations.

      – Let’s add this one to the (long) list of accurate forecasts by the financial “experts.”

      “Would I say there will never, ever be another financial crisis?” “You know probably that would be going too far but I do think we’re much safer and I hope that it will not be in our lifetimes and I don’t believe it will be,” – Janet Yellen, London, June 27, 2017

      “At this juncture, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” – Fed chairman, Ben Bernanke, Congressional testimony, March, 2007

      “There is no housing bubble” – Ben Bernanke 2006

      ‘We will not have any more crashes in our time.’ – John Maynard Keynes, 1927

      “Under the Federal Reserve System we shall have no more financial panics.” – Charles Hamlin, the first head of the Federal Reserve in 1915.

    5. Back in 2008, the esteemed Lawrence Yun was predicting 10-50% gains over the next 5 years in Miami, Phoenix and Las Vegas! I’m sure he conned another 100,000 people into buying, which is why realtors have kept him employed.

      (for some reason the link is causing my post to be rejected. Search for Lawrence Yun watch on blogspot and see the post from June 2008).

  13. Oh dear. How do globalist Quislings establish a proper WEF looting colony when the non-compliant peasantry ignore your fines & other control measures?

    Vast majority of Victoria’s Covid-19 fines left unpaid
    https://www.news.com.au/finance/money/costs/vast-majority-of-victorias-covid19-fines-left-unpaid/news-story/413c22430ba5b6ec3bcc19942bf42f04

    Only a fraction of more than 11,000 fines issued last year for Covid-19 breaches in Victoria have been paid, new figures reveal.

  14. Got falling price regrets? It’s not too late to cut and run, before you lose everything.

    1. Inflation: ‘The Fed is in a huge box,’ strategist says
      Fri, March 11, 2022, 1:29 PM
      In this article:
      Ted Oakley, Oxbow Advisors Managing Partner, and Michael Vogelzang, CAPTRUST CIO, join Yahoo Finance Live to discuss the Fed, inflation, and the outlook for markets.
      Video Transcript
      – Let’s bring in our market panel to digest all that we’ve seen with today’s market movers. There’s Ted Oakley, Oxbow Advisors Managing Partner, and Michael Vogelzang, from Capital Trust. He’s their CIO. Gentlemen, thank you for joining us today. Ted, I want to first start with you. We tend to keep seeing these sort of races to the close, ending in the declines. What are you watching in terms of signals as to what’s really happening here?

      TED OAKLEY: Well, I think what’s happening is– and you get this in bear markets. You know, everybody wants to try to find the bottom. And so, you open up in the morning on the plus side because they see it closed negative the night before and they keep on trying to catch that. They never can, though, because it keeps on going. But I think that’s what you’re into now. And it’s fairly classic. You’ve seen it. I’ve seen it over the years where they chase it in the morning and then in the afternoon it turns on– it turns on them, and you take it back down again.

      – Michael, stocks weren’t the only things that pulled back today. Now that we’ve seen crude oil prices really violently pull back from a 14-year high just earlier this week, do you think we’ve seen the peak in the run up for energy commodity and stock prices? Or could we potentially see a rebound next week?
      …
      https://finance.yahoo.com/video/inflation-fed-huge-box-strategist-212949561.html

      1. “Inflation: ‘The Fed is in a huge box,’ strategist says”

        This is the classic “Riding The Tiger” problem…you can’t get off without being eaten.

    2. One thing I think we can all agree with: Crazy euphoric investing behavior plants the seeds for massive crashes.

    3. The most obvious interpretation of soaring oil and crashing stock prices currently is that we’re heading into a recession over the next couple of years. The markets will crash some more when they figure this out, then still more when they realize central banks won’t be able to do much about it.

  16. Globalists rape kids.

    Huffington Post — Texas Blocked From Investigating Transgender Kids’ Parents For Child Abuse (3/11/2022):

    “District Judge Amy Clark Meachum issued a temporary injunction preventing the state from enforcing Republican Gov. Greg Abbott’s directive to compel the Department of Family and Protective Services to investigate.

    Meachum’s ruling came the same day that dozens of major companies — including Apple, Google, Johnson & Johnson, Meta and Microsoft — criticized the Texas directive in a full-page ad in the Dallas Morning News.

    “The recent attempt to criminalize a parent for helping their transgender child access medically necessary, age-appropriate healthcare in the state of Texas goes against the values of our companies”

    https://www.huffpost.com/entry/bc-us-transgender-youth-texas_n_622bdaf7e4b0d1329e8535d1

    The values of your companies?

    Raping kids. Globalists value raping kids.

    It’s the Progressive Way…

    1. Johnny: Mommy, how come I have a thingy and Susie from school does not?
      Social justice Mommy: Oh Johnny my child, you’re so brave for admitting that you’re gender fluid! We must access your medically necessary age-appropriate health care as soon as we can, before you’re too old. Hormones next week, and then thingy surgery for Christmas! But for now, Joanna, just know that Mommy and Daddy love you very much. I can’t wait to tell my friends about this! Now I can go to support group and I’ll even bring my special avocado toast. Oh I’m so happy to live in a state that cares about children!

      😒😒😒😒😒

      TBH this is worse than rape.

      1. Not kidding. I received a group message yesterday: “My mama heart is bursting this week! My oldest with autism turned 20 and is now officially non binary, and my sophomore on the spectrum has her first day at her first job!”

        1. and is now officially non binary

          They don’t have to kill off the white people. They will do it themselves.

          Of course. the media will remain tight lipped as white births plummet.

    2. That’s a man, baby!

      NYC convicted killer, 83, found with new victim’s leg in wheelchair, head in apartment, cops say

      An 83-year-old transgender woman who spent decades in prison for two unrelated killings and is now charged in connection with the discovery of a woman’s torso was allegedly captured on surveillance video riding on a motorized wheelchair sitting on the victim’s severed leg while inside a store.

  17. I ran across this …

    Much wants more and loses all | GEFIRA
    https://gefira.org/en/2022/03/11/much-wants-more-and-loses-all/

    (here is a snip that I particulary enjoy)

    “Reality is something that refuses to obey our wishes.”

    (a larger snip)

    “The collective post-West has been running amok for the last two weeks. The powers that be make believe that they did not expect that events would unfold the way they are unfolding now (though they did their best to make things happen as they are happening) and they make a show imposing sanctions on the aggressor and assuring the populace that the aggressor sooner or later will cave in. There is yet a third aspect to the phenomenon: the same powers that be want the people to forget that merely twenty years back they themselves assaulted Yugoslavia/Serbia, used missiles with depleted uranium, bombed cities and shot at civilians. Of course, that earlier event was a humanitarian action while the current one is a brutal act of aggression, but we digress.

    “Now there is a big misconception on the part of the post-West about Russia. If the Western media claim the Russian people are against the war or that the Russian people are about to rebel and overthrow President Putin, then they are either delusional or lying through their teeth. Reality is something that refuses to obey our wishes. The Russian people have rallied around their president and and their authorities; the Russian people – unlike citizens of the post-Western countries – are patriotic and ready to sacrifice themselves in defence of their fatherland. Western sanctions? The post-West may withdraw businesses and impose sanctions on Russian oligarchs, which is music to the ears of the Russian people. They resented Western dominance anyway and they will be more than happy to see the oligarchs mopped up from their society. Russians view the hostilities as a repeat of the Great Patriotic War of 1941-1945. Contrary to what has been done to the Western collective mentality, the Russian authorities under Vladimir Putin took great efforts to raise Russia’s citizens in patriotic values. Russians are going to win because they do not care about money so much as the West does. That’s one big misconception that Western people have about their opponents from the East.”

    (go to the link to read the rest)

  18. Huffington Post — Fox News Hosts, Far-Right Embrace Russian Bioweapon Conspiracy Theory About Ukraine (3/12/2022):

    “Russia’s baseless claims about secret American biological warfare labs in Ukraine are taking root in the U.S. too, uniting COVID-19 conspiracy theorists, QAnon adherents and some supporters of ex-President Donald Trump.

    Despite rebuttals from independent scientists, Ukrainian leaders and officials at the White House and Pentagon, the online popularity of the claims suggests some Americans are willing to trust Kremlin propaganda over the U.S. media and government.”

    https://www.huffpost.com/entry/russia-ukraine-bioweapon-conspiracy-theory_n_622c9bcee4b0fe0944d672bc

    The U.S. media and government?

    I get more accurate information about the war from 4chan than from the New York Times or Washington Post.

    “They’re not sending their best”

    1. Geeze…how low can it go?

      And where’s AlbuquerqueDan when you need someone to provide an upbeat view of the Chinese real estate situation?

  20. Auburn, WA Housing Prices Crater 29% YOY As Seattle And Vancouver BC Housing Market Implodes On Soaring Inventory And Plunging Demand

    https://www.movoto.com/wa/98002/market-trends/

    As a noted economist explained, “Get rates back into the long term historic range of 12% to 15% and most of these problems go away on their own.”

  21. Gosh, I sure hope all the Chinese money launderers & embezzlers who have been snapping up prime U.S. real estate since 2008 don’t read the writing on the wall & decide to liquidate their properties before Xi invades Taiwan. Cuz that could, like, result in a glut of skyboxes & office buildings hitting the markets all at once, which could slam CRE & skybox valuations. This is my concerned face.

    NYC luxury real estate market sees influx of Russian sellers liquidating fast ahead of possible US sanctions

    https://www.foxbusiness.com/lifestyle/nyc-luxury-real-estate-market-russian-sellers-liquidating-sanctions

    Multimillion-dollar properties in Manhattan suddenly ‘whisper listed’ as Russia owners fear possible US sanctions over alleged ties to Kremlin

  22. What happens when the rule of law and traditional safeguards for property rights no longer pertain for entire categories of people labeled as Deplorables by globalist Quisling regimes? I would expect massive liquidation selling and an exodus of the foreign buyers who’ve been levitating the ultra-high end UK and US property markets.

    Russians’ US$10.7 billion UK property ownership comes under spotlight as London moves to stamp out ‘dirty money’, says Aston Chase

    https://www.scmp.com/business/article/3168715/russians-own-about-us147-billion-property-london-government-moves-stamp?module=storypackage&pgtype=sport

    1. Yeah, the most blatant money laundering city is crakin’ down – again. The globalist scum media is playing their usual flimsy game. Just what do ‘oligarchs’ have to do with anything? Who are they, how did they come to be? And who is the only major Ruskie person who ever took them on? That would be captain evil himself!

      I’m working on a theory about mass formation psychosis. There seems to be an attempt to morph it into russia russia Marsha! I read this morning some poor bashtard who is broke cuz of gas prices, but it’s worth it if ukranistan! Dumb as a stump. But I do think they are left with a void they are trying to fill. I don’t HAVE to wear a mouth hankey? Wa will I do? I’m feeling woozy. Mommy please tell me who to hate now!

      2. “but it’s worth it if ukranistan! Dumb as a stump.”

        The gyrating and pretzeling is priceless. But these people were destined to be broke assed debt donkeys anyways.

      3. I don’t HAVE to wear a mouth hankey? Wa will I do?

        In my area I still see about 70% mask wearing. What happened to “following the CDC guidance?”

        1. I was at King Soopers yesterday. It think I saw 2 or 3 seniors wearing a face diaper, and the store was pretty busy. No one else was, not even the employees.

          In my area I still see about 70% mask wearing.

          That goes a long way to explain why Trump failed to drain the swamp.

        2. People figured out that the Covid Pandemic was a hoax, that lockdowns and masks were useless, and the CDC are a bunch of bought off liars in the pocket of the Globalist. Also , fake vaccines suck.

        3. Mask wearing at this stage is still less pathetic than getting jabbed multiple times with an experimental poison that might have long term side effects. Wouldn’t you agree?

          1. Totally agree that the mask wearing wasn’t the horrific evil the fake vaccine are. But the mask wearing was damaging in many ways.
            People losing their jobs over vaccine mandates is pretty evil also , as well as business destroyed over the lockdowns.

      4. “working on a theory about mass formation psychosis”

        That Google had to *immediately* start manipulating search results for this phrase, once Dr. Robert Malone started talking about it and the normies / sheeple started getting curious, confirms that it is real.

        I lived through the 9/11 to 2003 Iraq invasion time period, and it was similar in tone, but the technological tools, and the censorship they enable, are much much more powerful now.

        These globalists are demonic evil.

        They are anti humanity.

      1. Right, and Trump gets impeached as a sitting President for even inquiring into corruption in UKRAINE, while Main Stream News protects the Biden Family that got in the White House by a criminally rigged election.
        When I first heard that a prior Comedian was elected President of UKRAINE, my red flag went up. Really, that’s kinda odd.

        1. When I first heard that a prior Comedian was elected President of UKRAINE, my red flag went up. Really, that’s kinda odd.

          Plus he’s a Jew. Since when do Slavs elect Jews to rule over them?

          1. “Plus he’s a Jew.”
            Yep, that was odd also. And lets not forget pictures of him at the WEF. So, the guy is a coke head also, who somehow amassed a billion dollars according to the tape above?

          2. Plus he’s a Jew. Since when do Slavs elect Jews to rule over them?

            Um…have you seen some of the Slavs that have ruled over fellow Slavs in Ukraine & Russia? A capable Jew would be a vast improvement.

          3. A capable Jew would be a vast improvement.

            Perhaps, but that is not the point. I know we Americans will vote for a Jew and we do. But Slavs are not Americans. There is such a thing as an ethnic Ukrainian, and they would be very unlikely to vote for an outsider. I wouldn’t expect them to elect an ethnic Korean, a Peruvian or a subsaharan African, even if they were born and raised in Ukraine,

          4. What I am trying to say is that while “diversity is our strength” is our unofficial national motto, other countries don’t see it that way.

          1. I heard that he was really a lawyer.

            Per Wikipedia: He later earned a law degree from the Kryvyi Rih Institute of Economics, then a department of Kyiv National Economic University and now part of Kryvyi Rih National University, but did not go on to work in the legal field.[16][26]

            He earned an LLB (Bachelor of Laws).

  25. Have you broken ground on your background bomb shelter yet?

    Pandemic Fears Give Way to a Rush for Bomb Shelters

    https://dnyuz.com/2022/03/12/pandemic-fears-give-way-to-a-rush-for-bomb-shelters/

    BAGNOLO SAN VITO, Italy — Across a footbridge from a busy shopping outlet surrounded by verdant fields in northern Italy, workers in a nondescript warehouse are preparing for a nuclear attack, its radioactive fallout and the end of the world as we know it.

    “We have found ourselves in the midst of this giant cyclone of demand,” said Giulio Cavicchioli, as he showed off an underground air filtration system that “cleans” radioactive particles, nerve gas and other biological agents and played a video tour of a nuclear shelter that was “ready to use.” His company, Minus Energie, has gone from working on 50 bunkers in the past 22 years to fielding 500 inquiries in the past two weeks.

    1. Have you broken ground on your background bomb shelter yet?

      No, but our pond is dug, the grass is starting to come in on the slopes to keep erosion at bay, and we stocked it with a couple pounds of fathead minnows yesterday. Far more exciting than building a shelter 🙂

        1. Good point, though minnows are cheap. The trailcam photos/videos of starving realtors wading into the waters and trying to catch them will totally worth the cost to re-stock!

          1. “The trailcam photos/videos of starving realtors wading into the waters and trying to catch them will totally worth the cost to re-stock!“

            Hahahahahahaha, so epic. I got five on it when it’s time to restock 😅

  27. The shack across the street, a 2300 sqft ranch, sold for $750K in a private sale, with no realturds involved. There never was a for sale sign and zildoe never showed it being on the market. The buyers were from out of town and purchased it sight unseen. They moved in earlier in the week. No one in the nabe had a clue it had sold until the moving van showed up.

        1. I don’t have a link. And even if I did I wouldn’t post it as it would expose me to doxxing.

          I learned this from a neighbor. The house wasn’t on the MLS, there wasn’t even a for sale sign, so it won’t show up on zillow, at least not for a while. I saw a carpet cleaner show up last week, so I figured they were getting ready to put it on the market. Turns out it was already sold at the time.

          If you want to believe that I made this up, knock yourself out. To be honest, I was stunned myself when I learned the news. I knew something was up when I saw the moving van. I figured they must be renters. But a neighbor who was a friend of the deceased owner told me they bought the place, sight unseen.

          4. Your ballot

            I filled out my husband’s ballot and personally dropped both of ours in the “secure” yellow bag at a polling station. His ballot had two signatures because I was dropping it off while mine had one. That was the only difference. His was counted; mine wasn’t.

          6. registered voters

            California and Los Angeles County to Remove 1.5 Million Inactive Voters from Voter Rolls – Settle Judicial Watch Federal Lawsuit

            In its lawsuit, Judicial Watch alleged:
            Los Angeles County has more voter registrations on its voter rolls than it has citizens who are old enough to register. Specifically, according to data provided to and published by the U.S. Election Assistance Commission, Los Angeles County has a registration rate of 112 percent of its adult citizen population.
            The entire State of California has a registration rate of about 101 percent of its age-eligible citizenry.
            Eleven of California’s 58 counties have registration rates exceeding 100 percent of the age-eligible citizenry.

    2. No Republican will ever win a statewide election in California. The mass exodus from California comprises the last of the conservatives in this state.

      1. Count me in that #. Left in 2019 (far too late IMO, but family circumstances dictated) for Boise, ID. Got tired of me and my friends being the only ones voting to decrease taxes and entitlements, so I left and don’t regret it one bit. They can have that cesspool and traffic at this point.

        1. I’ve read that there are a lot of transplants to ID from CA. Do you find they’re mostly refugees, or missionaries?

        2. I’ve lived in Idaho the past 26 years and hate the invasion, though it seems the only ones coming are retired as there are very few jobs here. Boise is an ugly, working class town so I don’t really get the appeal unless you’re here for the outdoors.

          1. I don’t really get the appeal unless you’re here for the outdoors.
            The appeal for many is how much cheaper it is than the Bay Area. I lived in Sunnvyale and Fremont for 20 years, and my favorite mexican joint in Santa Clara went from $7.50 to $15 in 10 years, and I just checked it today… $22!! For one freaking meal!
            Same for gas, rent, everything else. Sure you make less here, but you keep far more of what you make here, as I have developed actual hobbies now that I couldn’t afford down south.
            Traffic in Boise is really starting to suck, and the crap drivers seem to have moved here too, but it’s still far better than what I left behind.

  30. Don’t worry, eastern Europe. NATO has your back!

    ZAGREB, Croatia (AP) — Croatian officials criticized NATO on Saturday for what they said was its slow reaction to a military drone that apparently flew all the way from the Ukrainian war zone over several NATO member states, before crashing in an urban zone of the Croatian capital.

    The Russian-made unmanned aircraft crossed Romania and Hungary before entering Croatia and slamming late Thursday into a field near a student dormitory. Some 40 parked cars were damaged but no one was injured after a loud blast.

    NATO said the alliance’s integrated air and missile defense had tracked the object’s flight path. But the Croatian prime minister said the country’s authorities were not informed and that NATO reacted only after question were posed by journalists.

    “We cannot tolerate this situation, nor should it have ever happened,” Prime Minister Andrej Plenkovic said while visiting the crash site.

    “This was a pure and clear threat and both NATO and the EU should have reacted,” he said. “We will work to raise the readiness not only of us but of others as well. ”

  31. Here in Sacramento, a house down the street that sold for $410k back in Jan 2020 just sold again last week for $290k.

  34. Ron Paul: Is Putin the New Coronavirus? | ZeroHedge
    https://www.zerohedge.com/political/ron-paul-putin-new-coronavirus

    (snip)

    “Fortunately for Congress, the President, and the Federal Reserve, the Ukraine-Russia conflict is replacing COVID as a ready-made excuse for their failures and a justification for expanding their power.”

    (snip)

    “The Federal Reserve has been planning several interest rate increases this year, even though some fear that rate increases could decrease growth and increase unemployment. The Russian crisis allows the Fed to either postpone rate increases or blame Russia for any unemployment that accompanies the rate increases. Either way, the Fed can use the crisis to deflect attention away from its responsibility for our economic problems. As of now, it appears the Fed will go through with at least a modest rate increase this month, but because of the Ukraine crisis, the increase will be smaller than previously expected.

    “The Ukraine crisis also provides an excuse for Congress to do what Congress does best: increase federal spending. President Biden has requested Congress provide an additional $10 billion in emergency military aid to Ukraine. Congress will likely quickly approve the President’s request. This will not likely be the last time Congress rushes billions of ’emergency’ money to Ukraine.

    “It is also certain that lobbyists for the military-industrial-complex are already ‘explaining’ to a very receptive Capitol Hill audience why the Ukraine crisis justifies increasing the military budget to ‘counter the threats’ from Russia, China, and whoever else can serve as a convenient boogeyman. It is unlikely there will be much resistance in Congress to a further increase, even though the US already spends more than the combined defense budgets of the next nine biggest spending countries.

    “Over the past two years, many leading Internet companies did the government’s bidding by ‘de-platforming’ anyone who expressed skepticism of vaccines or promoted alternative treatments — even when they presented evidence to support their claims. These companies are once again helping the government by de-platforming those who question, or are suspected of questioning, the official narrative regarding Ukraine. Yet these companies’ concerns with ‘fake news’ have not led them to stop people from sharing widely debunked stories supporting the US-backed Ukrainian government.

    “The lockdown and mandates did more harm than the coronavirus itself. They were based on lies promoted by the government and its allies in the ‘private’ sector.

    “Yet too many Americans refuse to even question the US government’s claims regarding the Ukraine crisis or question whether Russia is really responsible for our economic problems as opposed to a spendthrift Congress, successive spendthrift Presidents, and an out-of-control Federal Reserve. The only way to stop authoritarians from using crises like these to grow their power is to make enough people understand a simple truth: authoritarian politicians will always lie to the people to protect and increase their own power.”

  35. Gosh, I hope there’s no unintended consequences from asset freezes & sanctions against Russian oligarchs.

    Russian oligarchs rush to sell their multi-million dollar properties on Manhattan’s Billionaire’s Row before asset freezes and sanctions: Iconic Plaza Hotel apartment among the 70 plus properties being quietly shopped around

    https://www.dailymail.co.uk/news/article-10605855/Russian-oligarchs-rush-sell-multi-million-dollar-properties-Manhattans-Billionaires-Row.html

  36. Only ones I know personally all moved with me (work relocation), so about 30-35 of us total. We were all thrilled to get the hell outta CA though.
    All the coastal newbs coming in from 2021 that skewed the real estate markets, etc, I really have no knowledge of.

    Figure they’re pretty stupid though, as this area’s wages won’t support home prices anywhere near what they bid them up to. Obviously it was all speculation fueled by their equity and low interest rates. No shortage of land here, so building continues, and rates will normalize soon and cause the speculators to throw in the towel when their houses drop in value.

    Fortunately I’m likely to be moving again for work, to Sierra Vista, AZ, and won’t have to deal with this area falling apart like the states those idiots moved from.

    1. Idaho’s government has a bad habit of tax break giveaways to entice businesses to move here. When you get right down to it, the Republicans are just as bad as the Democrats, albeit with less SJW rhetoric.

    1. It also proposes all federal legislation sunset in five years. “If a law is worth keeping, Congress can pass it again,” the plan reads.

      I like the idea, but wouldn’t that require a Constitutional amendment?

  39. Was reading about Ukrainian refugees being denied access to the US because they aren’t jabbed, or they got the “wrong jab”. Meanwhile, they see illegals being let in with no jab.

    Also, I find it curious that there are Ukrainian refugees at the US/Mexico border. Why aren’t they in Slovakia, Poland or Romania? How did they end up in Mexico? Were they granted asylum in Mexico, then found out that if they can get into the US they can join the Free Sh!t Army? Or was that the plan all along? And, how did they get to Mexico? Airfares are not free, so who paid for it?

    1. Sorry, listening to Marsha Blackburn on your link is just more globalist trash nonsense. These RINO warmongers are the problem.

  44. Does Parkinson’s Disease really make some of its victims become more belligerent? It just made my dad slow down and become physically unstable.

  46. OMG!!! NFZ = WWIII kinetically. We’ve already waged it economically.

    https://twitter.com/thomasbsauer/status/1502812032365592581:

    Drove past rich white people in Laguna Beach rallying to “STOP WAR” with the “Nazi,” Putin with a No Fly Zone.

    Yes, really.

    I wonder how many are ready to go and fight (they’re hiring) vs sending my friends and my little brother to fight instead?

    These signs are hilarious, btw

    1. “Drove past rich white people in Laguna Beach rallying to “STOP WAR” with the “Nazi,” Putin with a No Fly Zone.”

      Are you sure theyre “rich”? Sounds like the disordered priorities of a broke person….. getting broker.

  47. I remember reading not long ago that stock market margin debt, or money investors borrowed to invest it in stocks, was at a record level in the U.S. It makes a lot of sense if stocks are rising rapidly and inflation is running hot, as you short your losses to inflation to gamble in stocks, which are widely believed to always go up.

    However, in case the market goes into a protracted decline, problems can arise if margin face margin calls, or requests to repay those margin loans. In investors who face them may find themselves forced to sell stocks at a loss, in order to repay them. And a lot of people facing the same situation can lead to a flood of stock sales at the same time, triggering market losses. These new market declines may trigger more margin calls, leading to more stock sales and downward pressure on stock prices.

    It seems likely that this could help explain several weeks of recent stock market declines, and portend more to come.

    And the same dynamic can play out with overleveraged real estate investment, though much more slowly (over many years, not just weeks or months).

    1. Forbes
      Mar 10, 2022,
      12:41pm EST|1,162 views
      Stumbling Stock Market At Precipice – Risk Of Plummet Is High
      John S. Tobey
      Contributor
      Markets
      Picture shows large waterfall

      Compared to their 2021 highs, stocks are a terrific bargain. The problem is they have already been a bargain at higher prices before. Only now, those highs are in the clouds – a dimming memory. What’s real is the classic, real downtrend that shows every sign of becoming worse.

      Coming is the final death of 2021 bullish-speculation, now barely maintained by hope and temporary price pops. This is the environment when speculators drain their savings, over-leverage with margin debt and shift to options.

      A good picture of the dire situation facing these investors is the chart of GameStop and AMC – the notable examples of the 2021 speculation fervor. Each has been bouncing off traditional price barriers: GameStop at $100 and AMC at $15. It’s okay to buy on such a drop the first time, hoping for a rebound, and perhaps the second time, hoping for a “double bottom” launch. However, when the stocks drop back for a third time, watch out. It’s a sign that underlying selling is at work, meaning a crash through the barrier is imminent.

      Yes, but conditions warrant the drop. First the initial blowoff of speculation. Then, the deteriorating fundamental picture. Yet to come is the specter of recession – a natural conclusion, given the dramatic, negative fundamental changes we’re seeing and we know are coming.

      Also, keep this in mind:

      The 1971-72 “nifty-fifty” growth bull market became very popular, with growth stocks reaching extreme valuation measures by the end

      The 1973-74 bear market included the OPEC-caused energy crisis, rising inflation, and other fundamental problems (e.g., the Vietnam War). It first wiped out the extreme valuations, then took to heart the negative fundamentals, and finally plummeted as fears of recession turned to depression. By the end of the 7-quarter fall, the market had fallen almost 50%

      In other words, the S&P 500’s being down about 13% in “correction territory” does not mean the downtrend is stretched. In fact, the reversal days of big, widespread jumps (like Wednesday, March 9) quickly give way to more declines, showing bullishness is still at work in the face of underlying selling.

      The bottom line: Don’t view 2022’s stock market decline as an opportunity…

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