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When No-One Is Interested, Or No-One Thinks It’s Worth What The Seller Thinks It’s Worth

A report from Mortgage Grader. “Why is Freddie Mac throwing out automated appraisals for certain refinances that have seemingly worked well for five years? In June 2017, Freddie introduced refinance appraisal waivers on eligible properties, expanding the program to purchase loans by September of that year. On Wednesday, March 16, the same day the Federal Reserve raised its benchmark interest rate, mortgage giant Freddie Mac announced it will no longer allow these appraisal waivers, called an automated collateral evaluation (ACE), on cash-out refinances and certain ‘no-cash-out’ refinances, effective July 17.”

“Think of this pivot as a canary in the housing coalmine. Housing costs have been rising for a decade. The pandemic in two years pushed prices to consecutive, record highs. As interest rates shift upward after years of record lows, will Freddie’s predictive model struggle to adjust in a downward market? Waivers also aren’t as reliable when you’re worried about prices potentially sinking. If I had to guess, Freddie likely wants to slow down lofty equity tapping.”

The Coast News in California. “As San Diego prepares to implement its newly-approved 1% cap on short-term vacation rentals by the beginning of next year, many rental owners will face a choice of either renting out their units long-term, selling their units and cutting their losses, or looking to other cities without limits to start their business fresh. Carmel Valley realtor Megan Eskey noted that with the number of short-term rentals dropping out of the market, many of those units would most likely be up for rent or sale. That many homes going back to the market is significant, she said.”

“‘The numbers are so low per city in terms of how many houses go on market per month,’ she said. ‘If you suddenly or gradually bring thousands more properties forward for long-term rentals or homeowners, that would make a difference.'”

From Business Insider on Illinois. “Michael Jordan’s enormous house in Chicago is still on the market after 10 years. Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house. He pays more than $100,000 in annual property taxes. The house was originally listed for $29 million and has every bell and whistle you can think of. The price on the house has dropped several times and is now going for $14.9 million, or about $265 per square foot — that’s a far cry from the original price of $517 per square foot.”

“Jordan tried to auction the house in 2013, but the minimum bid of $13 million was never met. One problem is that Jordan may feel his celebrity status adds value to the house, but, according to Stephen Shapiro of the Westside Agency, people do not pay more for a house just because somebody famous owned it. ‘But you know who tends to think a property is worth more because a celebrity lived there?’ Shapiro said. ‘The celebrity trying to sell it.'”

From AZER News. “Prices on the secondary real estate market in Baku continue to decrease, the Director of the consulting company MBA Group Nusrat Ibrahimov told Trend. According to him, interest in apartments in old buildings is gradually declining. ‘The sale of apartments in old houses has become a problem and in this regard prices have been falling for three consecutive months. Mortgages are not issued for apartments built before the 1970s. At one time, apartments in ‘Stalinka’ apartment buildings (built in 1950s) were the most expensive, but today they either do not sell, or are sold with great difficulty. Buyers are looking for apartments only in new buildings. Due to a decrease in interest in apartments in the secondary market, prices are reduced,’ Ibrahimov said.”

From News.com.au. “As interest rates are predicted to rise, new heat maps are showing the suburbs most in danger of mortgage stress, with some of the wealthiest suburbs set to be among the hardest hit if rates go up by just 1 per cent. The data has found that already up to three-quarters of homeowners in some parts of Australia are facing financial stress. The heat maps have revealed that the worst-hit areas for mortgage stress include western Sydney, the NSW Central Coast, parts of Brisbane and outer Melbourne – with a warning that when interest rates rise, it will only add to the problem.”

“Kate Colvin, spokeswoman for advocacy group Everybody’s Home, said while outer metro areas of Sydney tended to have the most financial stress, there were affluent suburbs that were also in trouble. ‘Outer metro areas are where lower income households tend to be purchasing a home and are geared up to the eyeballs to do so, for example in Sydney in outer metro areas, we have more than 70 per cent of mortgagees in financial stress in Macarthur and Fowler,’ she told news.com.au. ‘These are people who have less than 5 per cent of income left after paying ordinary costs and if interest rates go up then they will be [in] a really tight position to manage that cost increase.'”

From Stuff New Zealand. “Andy Thackwray has been investing in property for 20 years, and on Friday he watched his daughter’s Whenuapai property join a dozen others as it failed to sell under the hammer. Only two of the 14 properties at the Barfoot & Thompson Auckland auction sold, with the rest being passed in. Thackwray doesn’t mince his words – he says the market is about to tank, and auctions have had their day.”

“He says the family decided to sell by auction because the market had not yet turned when his daughter’s property was first listed. His advice to those selling today is to try and sell quickly. At another of the company’s Auckland auctions on Tuesday, seven out of nine properties were passed in. A tenth was withdrawn before the session began. Such scenes are a world away from what played out in the same auction room last year, where bids came fast, expectations were smashed, and one central Auckland property without a toilet infamously sold for more than $2 million.”

“University of Auckland associate professor Mike Lee specialises in buyer behaviour and consumer psychology. He describes auctions as a multiplier of buyer sentiment – when the market’s running hot and the FOMO (fear of missing out) is running high, an auction will increase the heat as buyers compete. When the market is falling as it appears to be currently, it works in reverse, Lee says, and can throw cold water on a property, devaluing it in buyers’ eyes and possibly emboldening them to make lower offers.”

“‘They (auctions) show you really clearly when no-one is interested, and no-one is willing to take a chance, or no-one thinks it’s worth what the seller thinks it’s worth.'”

From Bloomberg. “China Evergrande Group and its other units were suspended in Hong Kong Monday pending an announcement containing ‘inside information,’ according to exchange filings that didn’t elaborate further. Elsewhere, Ronshine China Holdings Ltd. won’t meet a March 31 deadline to publish audited full-year results after it became the latest property firm to announce the resignation of its auditor. Ronshine’s stock and bonds plunged.”

The South China Morning Post. “Chinese Estates Holdings, a major ally of heavily-indebted Chinese developer China Evergrande Group controlled by the family of fugitive property tycoon Joseph Lau Luen-hung, swung to a loss last year as China’s housing market soured. The Hong Kong developer, chaired by Joseph Lau’s son Lau Ming-wai, 41, reported a loss of HK$3.5 billion (US$447 million) for 2021, having recorded a profit of HK$622.2 million the previous year. The company said in a filing to the Hong Kong exchange on Monday that the loss was mainly due to a decline in dividend income from China Evergrande shares, and losses from China Estates’ equity and bond investments.”

“‘It is expected that the group’s investment properties will continue to face numerous challenges in the short run,’ the company said in the filing.”

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The Madness Is Over

A report from the Bradenton Herald in Florida. "The median price for existing single-family houses…

This Post Has 105 Comments

  1. ‘outer metro areas of Sydney tended to have the most financial stress, there were affluent suburbs that were also in trouble. ‘Outer metro areas are where lower income households tend to be purchasing a home and are geared up to the eyeballs to do so, for example in Sydney in outer metro areas, we have more than 70 per cent of mortgagees in financial stress in Macarthur and Fowler,’ she told news.com.au. ‘These are people who have less than 5 per cent of income left after paying ordinary costs and if interest rates go up then they will be [in] a really tight position to manage that cost increase’

    This situation shows what a dead end manias are. OK so yer stressed, you can always sell, right? Won’t the knife catcher be stressed too? You can go along for a while, bleeding money or living like a hermit, but eventually it wears thin and off you go.

    1. ‘These are people who have less than 5 per cent of income left after paying ordinary costs and if interest rates go up then they will be [in] a really tight position to manage that cost increase’

      True lemmings. What kind of asz clown would sign up for that?

      1. “secret tunnel out to the beach.”

        Soon to be taken over and “controlled” by the Mexican narcos.

    2. Loyalty to ideology comes first. That wealthy philanthropist who was murdered in her own home, wanna bet her family will continue to vote blue and will perform mental gymnastics to disassociate the crime epidemic from those in charge?

  4. ‘the latest property firm to announce the resignation of its auditor’

    Again, it’s difficult to explain what a catastrophic failure this is. For example, when was the last time you heard of an auditor resignation with a big company? It doesn’t happen often cuz things have to be seriously fooked up. As was mentioned recently, when you have multiple resignations with these huge corporations, the financial system has broke down. IMO that’s what we are seeing in China right now.

    1. The prospect of foreign investors getting stiffed on their investments in China and Russia can’t be helping the financial picture inside China very much. They may have to rely on vulture investors to maintain any degree of liquidity in their debt market.

    2. As was mentioned recently, when you have multiple resignations with these huge corporations, the financial system has broke down. IMO that’s what we are seeing in China right now.

      China is trying to just print all of this away. They are the biggest money-printer on this planet. And a lot of that fake money has been converted to US real estate.

    3. Also, in China when someone messes up that doesn’t have political cover, there’s a significant chance of being executed.

  5. ‘As interest rates shift upward after years of record lows, will Freddie’s predictive model struggle to adjust in a downward market? Waivers also aren’t as reliable when you’re worried about prices potentially sinking. If I had to guess, Freddie likely wants to slow down lofty equity tapping’

    Drip drip, the REIC dogs stop the loan gravy.

    ‘If you suddenly or gradually bring thousands more properties forward for long-term rentals or homeowners, that would make a difference’

    Thousands of coastal shacks? Even Harry Potter can’t do that over night.

    1. Barn door left open
      All of the horses have fled
      Hurry, shut the door

      RE: “Thousands of coastal shacks”

      Sounds like San Diego’s chronic housing shortage may soon end.

    2. There is a veritable tsunami of short term rentals in the US waiting for house prices to stall out or go into reverse in order to jump onto the MLS.

  6. The data has found that already up to three-quarters of homeowners in some parts of Australia are facing financial stress.

    Is that a lot?

  7. ‘Such scenes are a world away from what played out in the same auction room last year, where bids came fast, expectations were smashed, and one central Auckland property without a toilet infamously sold for more than $2 million’

    The winnahs!

  8. “Andy Thackwray has been investing in property for 20 years, and on Friday he watched his daughter’s Whenuapai property join a dozen others as it failed to sell under the hammer.

    Oh dear. What happens when shacks at foreclosure auctions start going bidless? I fear there is a real possibility this could put downward pressure on shack prices.

    1. Small correction here, Boo. These are not foreclosure auctions actually. In Australia and NZ they will often sell properties at auction rather than thru the more traditional listing and contract offer process with which we in the US are familiar. “Passing in” means no one bid above reserve, so no sale. “Going under the hammer” means that the property did have a winning bid that exceeded reserve, so property has sold.
      Just to clarify for everyone. Took me a while to learn these oddities.
      –Geezer

  9. It’s going to be comedy gold when FOMO turns to FOGS (Fear of Getting Schlonged). Got popcorn?

    Home sales fell far more than expected in February, as mortgage rates rose and supply remained tight

    https://www.cnbc.com/2022/03/18/february-home-sales-fall-far-more-than-expected-as-mortgage-rates-rise.html

    Sales of previously owned homes fell 7.2% month to month in February to a seasonally adjusted annualized rate of 6.02 million units, according to the National Association of Realtors.

    That significantly missed analysts’ expectations of 6.13 million units. Sales were 2.4% lower compared with the same month a year ago. Rising mortgage rates likely played a role in the underwhelming numbers.

    1. “Sales of previously owned homes fell 7.2% month to month in February”

      Seems like the market is highly constipated. Luckily the Fed’s rate hikes will provide a healthy dose of Metamucil to relieve the blockage.

    1. Rates on the 10-year bonds in both the US & Europe are spiking. Italy & Spain are the weak links.

    1. ‘Unmask our toddlers!’ Parents demand NYC Mayor Eric Adams scrap mask mandates for children under five at rally outside City Hall

      Since when did mayors become dictators?

    2. “Are libtard parents in NYC belatedly figuring out that Democrats hate children?”

      By this logic then libtard parents hate their children.

      I couldn’t agree more. The best thing those parents can do is to succumb to the Vaxx and expire. Hopefully leaving the children to a BIL who is a unvaxxed, gun loving, Trump voting conservative.

  12. At least rates I now qualify for an outhouse in Montana. Good thing Grandma is aging(dying) in place so I can scoop up her ranch on the cheap.

    1. 2.3 10 year. At 2.50 we will be pushing 5% 30 year mortgages. At 6% your home is worthless. At 7% you will burn it for firewood. At 8% you will eat neighbors

      1. Jerome Powell is out blaming the Russians today for the inflation that was out of control way before the war. And this clown is still jawboning about the possibility of big rate hikes. He is not serious. He knows jacking rates is going to crush everything.

        1. During Yellen the Felon’s entire tenure as Fed Chair, she jawboned incessantly about mythical pending rate hikes, but like Powell, always came up with some lame excuse to keep punting. The gold collar criminals at the Fed don’t care about inflation – their sole objective is further enriching the already super-wealthy through ever-expanding asset bubbles & Ponzi markets.

    1. As a currency, digital crap is unconstitutional. As an investment, have fun gambling but don’t be all shocked when you get the 1099-DIV next February.
      Done.

  14. Any HBB’ers watch the piece on rental properties on 60 minutes last night?

    Watched intently, and during all the back / forth banter about the reasons for high rental costs, not once did anyone use the word ‘speculation’

    Anyone hear differently?

    1. I don’t mean this as an insult, but I don’t watch garbage like 60 minutes. I happened to catch a replay of a clip where they were lobbing softball questions at Jerome Powell a year ago, never asking anything of substance. Looks like you got more of the same. I wonder who butters their bread?

      1. 46&2

        “…I don’t mean this as an insult, but I don’t watch garbage like 60 minutes….”

        Not an insult in the least.

        The piece left out so many crucial points regularly discussed here on the HBB.. For example, all the big players have *access* to capital at rates below what you and I have to pay.

        The whole piece seemed more like a puff piece for the big players, ie Blackstone Group, Invitation Homes and the like.

        1. The whole piece seemed more like a puff piece

          AKA “Real Journalism”

          I can’t remember the last time I watched 60 Minutes.

    2. I bet they conveniently didn’t discuss the massive wave of fresh invaders either. If we had real journalists we might discover that there are special entities being funded by the fed gov that are funding rentals for all of these people and are told to offer over the ask.

      We might also discover that in some cases the price increases are due to cratering balance sheets. Better get the big guy on the phone and offer him 10% if he will send some fresh applicants with pockets full of gov money.

      This is what the majority of people wanted – many GOP included. Biden is on record before the election saying he wanted open borders with a flood of new arrivals. He also made it clear that his administration would be raising gas prices significantly, his Ukraine corruption was well known, and he is a self proclaimed zionist. Everything that is happening is by design.

  16. With rising interest rates, the push is underway to persuade buyers to use adjustable rate mortgages. What could possibly go wrong with this plan?

    1. CBS News
      Mortgage rates jump above 4% — prompting borrowers to return to a staple of the housing bubble
      By Aimee Picchi
      March 21, 2022 / 7:05 AM / MoneyWatch

      It’s increasingly expensive to buy a home: Not only are housing prices increasing by double-digits annually, but mortgage rates have been on the rise and this week topped 4% for the first time since May 2019. That’s pushing more buyers to take out adjustable-rate mortgages — one of the financial products blamed for the 2006 housing crisis.

      The share of mortgages that are adjustable-rate mortgages (ARMs) doubled to 10% in January, up from a 10-year low of 4% in January 2021, according to data from CoreLogic. ARMs offer an initial low rate for a period of years — typically anywhere from three to 10 years — and then the rate adjusts after that, usually annually, based on a fluctuating benchmark rate plus an additional margin, such as 2%.

      https://www.cbsnews.com/news/mortgage-rates-4-percent-adjustable-rate-mortgages-housing/#app

      1. “Mortgage rates jump above 4%”

        I think the adjustable mortgage rate on the first shack I bought when I was a puppy back in 1984 was 13.65%

        IIRC that was down from over 17% the year before.

        2. Adjustable rate mortgages are not a bad idea for the borrower when rates are falling.

          But in the current rising rates environment, they could be very detrimental to your household financial health.

          1. But the UHS don’t care, as long as they get the sale; any verbal promises they make (like the one referenced a few days ago, “buy now before rates go up more and you can refinance later when rates go down.”) are worth the paper they’re written on.

  17. Video: Former CIA Officer Slams ‘Laptop From Hell’ Coverup, Media “F*ckery”

    by Steve Watson
    March 21st 2022, 8:17 am

    Joe Rogan and his guest Mike Baker discussed the development as it was revealed last week by the New York Times that the details of the story were real, despite ‘fact checkers’ perviously labelling it a hoax.

    “They don’t just love a good story. They love a narrative, and they’re willing to ignore facts to push that narrative. That’s what scares me,” Rogan said of the media, adding “I think it’s safe to say that some f*ckery is afoot.”

    “There’s a dynamic here,” Baker added, noting “I love this topic, in a sense, not so much because of whatever the f*ck Hunter was up to, but in part, because now when you look at the liberal Dems and the progressives, it doesn’t matter to them.”

    “If you read some of the narrative that’s out there now, the social media in the past day or so, ever since The New York Times came out with this, they’re just dismissive of it. They don’t care, or they’re willing to overlook it,” the former CIA man further explained, adding “Which is the same thing they accuse the right of doing.”

    Watch:

    https://www.infowars.com/posts/video-former-cia-officer-slams-laptop-from-hell-coverup-media-fckery/

    Miranda Devine
    @mirandadevine

    Spies who lie: The @nypost contacted the senior ex-intelligence officials who signed the shameful 2020 letter declaring Hunter Biden’s laptop and its emails we ran were Russian disinformation. Not one apologized. Most refused to comment. A few like James Clapper doubled down

    https://twitter.com/mirandadevine/status/1505149477891489796?s=20&t=W5IcUC78XqC9YhRskNMjug

    1. ‘Which is the same thing they accuse the right of doing’

      This is a lot more than just another example of hypocrisy. Recall what’s allegedly on the laptop. Serious chicom/unkranistan corruption involving the ‘big guy’. Sex with minors. (Not the senile corrupt pedophiles family, noooo!) Constantly smoking crack. There’s some felonies in there I bet.

      The globalist scum media/puddle watchers blocked the NY Post when this came out, during the election, BTW.

      1. Allegedly another big drop is coming from newly recovered files that Hunter thought he deleted. They are saying this one is going to be much worse than the last one. This is why the New York Slimes is trying to get out in front of it now. It’s going to be bad enough that they can’t let it go. In regards to the spies who lied, most of them are total dirtbags and had inside knowledge of what goes on because they have participated. They are cut from the same cloth which is why they are so eager to lie. They are disgusting people.

          2. Here is the main claim:

            https://gab.com/JackMaxey1/posts/107992313891613892

            This is the guy allegedly organizing the drop and his main feed for other relevant posts:

            https://gab.com/JackMaxey1

            There is a lot of background chatter over the last few days that would suggest that it is real and various entities are worried. We’ll see. They were able to skate around the previous drops with relative ease so it will have to be some pretty ugly stuff for it to stick. Nothing would surprise me at this point.

          3. Thanks for the info. So these guys were having meetings about China/Afghanistan and some gas fields, plus, it seems he’s got more lewd pix. Yeah, I’m not getting my hopes up either. Many of the replies are the same 💯

            Why does any of it matter? LEOs and judicial system are held captive by zog. Nobody is going to do anything about it. Nobody cares. Media will do their thing and 80% of the county will either not know or think it’s a Russian hoax.

  18. Barn doors … horses.

    All the fed governors (except St Louis Bullard) continued to be wrong, with all the 100’s of there onstaff PhD economists.

    Even a drunk sleeping on a park bench in Seattle could have flipped coins to predict the economy – and would have been more correct.


    Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes an otherwise strong economic recovery.

    As he has before, Powell ascribed much of the pressures coming from pandemic-specific factors, in particular escalated demand for goods over services that supply could not meet. He conceded that Fed officials and many economists “widely underestimated” how long those pressured would last.

    https://www.cnbc.com/2022/03/21/powell-says-inflation-is-much-too-high-and-the-fed-will-take-necessary-steps-to-address.html

      1. Typical tone-deafness from the globalist media. I don’t doubt Bloomberg was caught totally off guard by the derisive response of the proles to this “helpful” article on how to embrace the Great Reset.

      1. “They’re not sending their best”

        Actually they’re sending their 462nd best.

        Comedian and podcaster Adam Carolla @adamcarolla posted a meme Friday highlighting the absurdity of transgender UPenn swimmer Lia Thomas dominating women’s sports.

        Carolla’s tweet was simple. With the caption “Hi,” Carolla showed a pair of photos, one of William Thomas with his dismal U.S. men’s swimming ranking of 462, and a second with “Lia Thomas” who quite suddenly achieved a number-one rank in women’s swimming.

        https://www.instagram.com/p/CbVfWIrJ_ff/

    3. Reka just earned a severe social credit downgrade & assured place on the first railcar to the gulag. She’ll be in good company.

    4. Cry me a river sweetheart. You and your classmates have been pulling the D lever forever.

      Votes have consequences.

      1. You and your classmates have been pulling the D lever forever.

        They will never make the connection.

  21. They have not given up. From the Colorado Sun:

    Late last week, a key line on a chart monitoring coronavirus case trends turned red, signaling something public health experts had not quite anticipated to be happening so soon: COVID infections appear to be rising again in Colorado.

        1. Omicron BA.2 is a real thing, but it’s close enough to Omicron that it doesn’t really matter. Vaccine-ish shots work the same, deadliness is the same. It’s more contagious, so it’s just going to infect anyone who hasn’t been infected yet. It’ll be a quick spike.

  22. Eerily reminiscent of China turning their citizens on each other:

    $87.50 for 3 Minutes: Inside the Hot Market for Videos of Idling Trucks

    There in the street, Paul Slapikas was stalking his prey. Wire-thin and 81 years old, Slapikas stood in front of the truck like a lost tourist, a camera dangling around his neck and a map sticking out of his jacket pocket. He appeared to be deep in conversation on an old flip-phone — big hand gestures, a peek at a watch, a crane of the neck like he’s looking for a friend.

    After exactly 3 minutes and 10 seconds, Slapikas — a lifelong New Yorker who lives a few miles away in Queens — snapped the phone shut, tapped the screen of his watch and walked away. If everything goes as it should, he just earned $87.50, and maybe more, for those few minutes of time, and the company that owns the truck will receive a fine of at least $350 that it never saw coming. But for now, Slapikas is off down the block, a bounty hunter jauntily seeking his next target.

    You can search the title. I don’t like to link and generate clicks for globalist filth.

      1. $87.50 for 3 Minutes: Inside the Hot Market for Videos of Idling Trucks

        “he just earned $87.50, and maybe more, for those few minutes of time, and the company that owns the truck will receive a fine of at least $350 that it never saw coming.”

        Racking up fines ageist truck drivers and the companies that employ them.

        Meanwhile back at the ranch…

        Charges against hundreds of NYC rioters, looters have been dropped

        By Lee Brown and Julia Marsh
        June 20, 2021

        Hundreds of alleged looters and rioters busted last year in protests over George Floyd’s murder by police have had their charges dropped, according to NYPD data — figures ripped as “disgusting” by a local business owner.

        In The Bronx — which saw fires in the street and mass looting in June 2020 — more than 60 percent of arrestees have had charges dropped, according to the investigation by NBC New York.

        https://nypost.com/2021/06/20/hundreds-of-nyc-rioters-looters-have-charges-dropped/

  24. Now that the Fed has finished raising rates and the Ukraine conflict is winding down, is it safe to resume investing in risk assets, like stonks and housing?

      1. Barron’s
        The Dow Fell After Powell’s Scary Comments—and What Else Happened in the Stock Market Today
        By Jack Denton and
        Jacob Sonenshine
        Updated March 21, 2022 4:34 pm ET / Original March 21, 2022 5:28 am ET

        The stock market slid Monday as Federal Reserve Chair Jerome Powell indicated that the central bank could be more aggressive in lifting interest rates.

        The Dow Jones Industrial Average dropped 202 points, or 0.6%, while the S&P 500 was little changed and the Nasdaq Composite fell 0.4%. Stocks staged a small rally in the final few minutes of trading.

        https://www.barrons.com/articles/stock-market-today-51647854827

  25. Even though I walk through the valley of the shadow of idiot Tesla drivers, I will fear no evil, for you are with me; your rod and my internal combustion engine, they comfort me.

    Jumping a BRAND NEW $150k Tesla 50ft Into The Air *TOTALED

    1,118,999 views

    Mar 20, 2022

    https://youtu.be/C-zeSEOanvI

    1. The Tesla jump was a preview of the housing market for 2022. Flying at first, not so good at the end.

    1. He was taking “inappropriate” showers with his daughter, that she was old enough to remember.

      Hunter photographed naked sitting on the bed next to his niece Natalie Biden, who was 14 at the time.

      Hunter banging his dead brother’s widow.

      No Christmas stocking for the “missing” grandchild at the Pedo Joe White House.

      https://www.washingtontimes.com/news/2020/sep/29/joe-biden-i-am-democratic-party-right-now/

      Joe Biden: “I am the Democratic Party”

      Why yes, yes you are.

  30. The reality about Denver that nobody talks about, is that when the cash-out refinance money spigot is turned off, permanently, the Denver consumer economy is over.

    2022/2023 will be the winter of starvation and death…

  33. Video: Rogan Exposes How West Has Done A Complete 180 On ‘Corrupt’ Ukraine

    by Steve Watson
    March 22nd 2022, 4:48 am

    Joe Rogan noted on his podcast that the Western narrative on Ukraine has flipped 180 degrees in a few weeks from the country having a horrible corrupt government to being heroic allies against the Russian scourge.

    “I have this screenshot that someone sent me,” Rogan stated, “about the way the people on the left were talking about the Ukraine situation before the war.”

    He continued, “This is one of the things that’s so weird is that they were very disparaging of Ukraine, and they were talking about the massive corruption of Ukraine, and how horrible it was over there.”

    “And now, all of a sudden, they’re looking at it like they’re heroes. The same exact people. This is what’s confusing,” the host added.

    Rogan then read out points from the screenshot he referenced wherein Ukraine was labeled “the most corrupt nation in Europe” with an “increasingly corrupt and authoritarian” leader who is seeking to deepen an “alliance with the far right”.

    “We’re supposed to just veer away from the narrative that was being pushed just a couple years ago,” Rogan asserted.

    Rogan also went on to point out how insane it is that Facebook and other social media platforms are officially sanctioning violent rhetoric against Russians, exclaiming “What the f*ck is that? What is that?”

    Watch:

    https://www.infowars.com/

  34. Does the inverting Treasury yield curve have you wondering if this is the wrong time to to load up on risk assets?

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