A report from Wharton. "Financially engineered collateralized loan obligations (CLOs) consisting of leveraged loans to…
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“The export boom caused by Covid is behind us,” said Larry Hu, head of China economics at Macquarie Group Ltd.’
‘Exports may contract this year in volume terms even if nominal growth could be positive due to price increases, said Thomas Gatley, a senior analyst at Gavekal Research Ltd. A drastic slowdown would put Beijing’s economic growth target of about 5.5% further out of reach.’
“This is really not a good time for exports to weaken as well,” said Gatley. “This is why policy makers are increasingly panicking.”
Video is 2:34. More listings in the past 90 days than any period before.
Nice conclusion of his that “there’s no bubble”. Higher inflation, gas prices rising resulting in serious cost of living increases and growing inventory of homes available for sale. Good thing there’s no bubble, otherwise prices might start to fall.
‘Economists and investors criticized Australia’s central bank for confusing communications after it raised interest rates by twice as much as expected, having previously signaled a preference for quarter-point moves.’
‘It also wrongfooted swaps traders who were fully pricing in a 25-basis point move and saw 40 as next most likely. Money markets have now shifted to predicting the RBA will keep moving aggressively and take the cash rate above 3% by year’s end. That implies a 40 basis-point hike at each meeting — rather than the 25- or 50-basis point increments the RBA prefers.’
“It’s got to the point now where you just can’t rely on anything the RBA tells you,” said Darren Langer, a fixed income portfolio manager at Yarra Capital. “Now they’re just going to keep the market guessing. I don’t think that’s a terribly good way to run monetary policy.”
‘The confusion stems from Governor Philip Lowe’s comments after the May 3 meeting, when he said the RBA’s quarter-point increase represented a return to “normal operating procedures.” That was interpreted as meaning the RBA wouldn’t need to use outsized hikes because it met monthly and could move in short, quick steps, unlike the Federal Reserve which convenes less frequently.’
“Come June they hike 50-bp — something they hadn’t done in twenty years. Someone has a sense of humour,” Alex Joiner, chief economist at IFM Investors Pty., said in a tweet.’
These banker scvm are making it up as they go. We are long overdue for ropes.
I had a guy asking me today “why nobody has done anything” about the high fuel prices. I asked him “what do you mean?” I was thinking he was talking about the government doing something. Instead, he said he was surprised somebody hadn’t started shooting up politicians or something.
Laguna Hills, CA Housing Prices Crater 27% YOY As Mortgage Defaults Blanket Orange County
As one Orange County broker explained, “I had a sale in January of last year for $780k. That same house sold last week for $425k. That’s a helluva beating right there.”
‘San Francisco residents voted overwhelmingly Tuesday to recall progressive District Attorney Chesa Boudin following a heated campaign that captivated the country and bitterly divided Democrats over crime, policing and public safety reform in the famously liberal city.’
‘Boudin, 41, was a first-time political candidate who narrowly won office in November 2019 as part of a national wave of progressive prosecutors who pledged to seek alternatives to incarceration, end the racist war on drugs and hold police officers to account.’
‘Recall proponents cheered the results at a victory party, with California state leaders of the hotel and retailers associations lauding Boudin’s removal as a sign that visitors, shoppers and workers will be prioritized again in a city that relies heavily on tourism. They rejected Boudin’s efforts to paint them as Republicans.’
“This election does not mean that San Francisco has drifted to the far right on our approach to criminal justice,” said Mary Jung, a chair of the recall campaign, in a statement. “In fact, San Francisco has been a national beacon for progressive criminal justice reform for decades and will continue to do so with new leadership.”
Nothing will change. Democrat-Bolshevik malgovernance remains in effect.
“This election does not mean that San Francisco has drifted to the far right on our approach to criminal justice,” said Mary Jung, a chair of the recall campaign, in a statement. “In fact, San Francisco has been a national beacon for progressive criminal justice reform for decades and will continue to do so with new leadership.”
FILED UNDER: DENIAL.
‘Bay Area Real Estate: Housing Market Cooling Down’
Video 4:51. “pricing homes like two months ago and you can’t do that”
‘The average interest rate on a 30-year fixed-rate mortgage moved up to 6.059%, increasing by 0.118 percentage points from yesterday. The refinance rate on a 30-year fixed-rate refinance is 6.487%.’
The housing as piggybank set may have a problem. I have known so many people over the years who have used their houses as a perpetual bailout machine. They have been doing it for so long that they are conditioned to expect an easy refi with cash out and magically lower rates. 6% is going to be a rude awakening for a heck of a lot of people the next time they need an infusion. I predict lots of impotent rage.
I’m sure a HELOC will be much more than 6%
You have to start paying it back immediately. This was never a sound plan.
The globalist-Democrat agenda is to subvert and undermine the law, not uphold it.
George Soros-backed groups have spent $40 million to elect 75 progressive prosecutors over the last decade – meaning one in FIVE Americans now live in areas covered by his criminal justice reformers
Responding to questions about record high gas prices Monday, White House press secretary Karine Jean-Pierre completely copped out by saying that Americans aren’t as bad off as people in Europe where prices are higher.
Once again falling back on the totally debunked notion that Russia’s actions are purely to blame for high energy prices, Jean-Pierre said “This is a global challenge, this is something that everyone is feeling across the globe.”
She then noted that gas prices in the European Union are over $8 a gallon.
Fake “wealth” created by the tsunami of Yellen Bux funny money – what could possibly go wrong?
Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling
Staff at the ABC are in shock after the public broadcaster announced plans to abolish 58 positions and make journalists research and archive their own stories.
ABC management said the broadcaster was transforming into a digital-first media organisation and new technology had enabled more efficient content collection and management.
This is a urine soaked mattress article.
“COVID infections are on the rise again in most U.S. states, and the coming fall and winter are likely to be bad all over again. But Americans, almost to a person, seem done with masks.”
Citizens don’t wear masks. Slaves wear masks.
“For political purposes, Republicans were taught early and often by Trump and their other leaders to consider any pandemic mitigation measures COVID-19 — social distancing, masks, vaccines — as a sign of weakness.”
The same people who want you fired from your job for not getting injected with experimental mRNA poison, now they want to take away your guns.
“As a tribal act of resistance against imagined tyranny, people refused to mask up or would defiantly “mask down” with, say, their nose exposed. Or they would completely go toddler and have a massive public meltdown.”
More people have died from COVID “vaccines” than have died from COVID.
“People deny the science because they either don’t comprehend or purposely choose to misrepresent the nature of scientific inquiry, which is both time-consuming and self-correcting.”
COVID “vaccines” are deadly poison.
“No health expert ever claimed that the vaccines would definitely keep you from getting COVID.”
Did you know that when Salon.com was sold for $5 million, it was valued on the basis of its archives? Because its current value is zero.
“Journalism, in less rigorous fashion, follows something closely akin to the scientific method. Journalists (real ones) look for the best facts on the ground, editors review the work and its factual claims, and the “findings” are always subject to revision, given new facts.”
Sadly, another family member appears to be showing signs of jab injury. She has been feeling facial numbness, vertigo, and her blood pressure shot up for no reason. Her doctor prescribed her some lisinopril and sent her away.
Some poisonous Chinese medicine for a Made in China virus – a globalist’s wet dream.
According to PropTrack Economist Paul Ryan, Australian house prices have experienced their sharpest deceleration in growth since 1989:
“Home price growth has slowed down quickly in 2022. The PropTrack Home Price Index showed that home prices fell in May, the first decline since the start of the pandemic. In the last six months, home price growth has experienced the most rapid slowdown in more than 30 years”.
The annual rate of dwelling price growth across Australia’s capital cities has slowed from a rapid 24% six months ago to 14% in May.
Shrinkflation…….get yor 32 oz bottle gatorade while you can
“The export boom caused by Covid is behind us,” said Larry Hu, head of China economics at Macquarie Group Ltd.’
‘Exports may contract this year in volume terms even if nominal growth could be positive due to price increases, said Thomas Gatley, a senior analyst at Gavekal Research Ltd. A drastic slowdown would put Beijing’s economic growth target of about 5.5% further out of reach.’
“This is really not a good time for exports to weaken as well,” said Gatley. “This is why policy makers are increasingly panicking.”
https://ca.finance.yahoo.com/news/china-export-boom-fades-spending-210000438.html
You will own nothing.
Denny Grimes: SWFL summer real estate forecast
https://www.winknews.com/2022/06/07/denny-grimes-swfl-summer-real-estate-forecast/
Video is 2:34. More listings in the past 90 days than any period before.
Nice conclusion of his that “there’s no bubble”. Higher inflation, gas prices rising resulting in serious cost of living increases and growing inventory of homes available for sale. Good thing there’s no bubble, otherwise prices might start to fall.
‘Economists and investors criticized Australia’s central bank for confusing communications after it raised interest rates by twice as much as expected, having previously signaled a preference for quarter-point moves.’
‘It also wrongfooted swaps traders who were fully pricing in a 25-basis point move and saw 40 as next most likely. Money markets have now shifted to predicting the RBA will keep moving aggressively and take the cash rate above 3% by year’s end. That implies a 40 basis-point hike at each meeting — rather than the 25- or 50-basis point increments the RBA prefers.’
“It’s got to the point now where you just can’t rely on anything the RBA tells you,” said Darren Langer, a fixed income portfolio manager at Yarra Capital. “Now they’re just going to keep the market guessing. I don’t think that’s a terribly good way to run monetary policy.”
‘The confusion stems from Governor Philip Lowe’s comments after the May 3 meeting, when he said the RBA’s quarter-point increase represented a return to “normal operating procedures.” That was interpreted as meaning the RBA wouldn’t need to use outsized hikes because it met monthly and could move in short, quick steps, unlike the Federal Reserve which convenes less frequently.’
“Come June they hike 50-bp — something they hadn’t done in twenty years. Someone has a sense of humour,” Alex Joiner, chief economist at IFM Investors Pty., said in a tweet.’
https://finance.yahoo.com/news/rba-faces-criticism-over-communications-030715927.html
These banker scvm are making it up as they go. We are long overdue for ropes.
I had a guy asking me today “why nobody has done anything” about the high fuel prices. I asked him “what do you mean?” I was thinking he was talking about the government doing something. Instead, he said he was surprised somebody hadn’t started shooting up politicians or something.
Laguna Hills, CA Housing Prices Crater 27% YOY As Mortgage Defaults Blanket Orange County
https://www.movoto.com/laguna-hills-ca/market-trends/
As one Orange County broker explained, “I had a sale in January of last year for $780k. That same house sold last week for $425k. That’s a helluva beating right there.”
‘San Francisco residents voted overwhelmingly Tuesday to recall progressive District Attorney Chesa Boudin following a heated campaign that captivated the country and bitterly divided Democrats over crime, policing and public safety reform in the famously liberal city.’
‘Boudin, 41, was a first-time political candidate who narrowly won office in November 2019 as part of a national wave of progressive prosecutors who pledged to seek alternatives to incarceration, end the racist war on drugs and hold police officers to account.’
‘Recall proponents cheered the results at a victory party, with California state leaders of the hotel and retailers associations lauding Boudin’s removal as a sign that visitors, shoppers and workers will be prioritized again in a city that relies heavily on tourism. They rejected Boudin’s efforts to paint them as Republicans.’
“This election does not mean that San Francisco has drifted to the far right on our approach to criminal justice,” said Mary Jung, a chair of the recall campaign, in a statement. “In fact, San Francisco has been a national beacon for progressive criminal justice reform for decades and will continue to do so with new leadership.”
https://www.nbcbayarea.com/decision-2022/san-francisco-ousts-liberal-da-chesa-boudin-in-heated-recall/2912318/
Re-post of a classic:
https://www.sfgate.com/bayarea/article/Human-waste-shuts-down-BART-escalators-3735981.php
Nothing will change. Democrat-Bolshevik malgovernance remains in effect.
“This election does not mean that San Francisco has drifted to the far right on our approach to criminal justice,” said Mary Jung, a chair of the recall campaign, in a statement. “In fact, San Francisco has been a national beacon for progressive criminal justice reform for decades and will continue to do so with new leadership.”
FILED UNDER: DENIAL.
‘Bay Area Real Estate: Housing Market Cooling Down’
https://news.yahoo.com/bay-area-real-estate-housing-220107997.html
Video 4:51. “pricing homes like two months ago and you can’t do that”
‘The average interest rate on a 30-year fixed-rate mortgage moved up to 6.059%, increasing by 0.118 percentage points from yesterday. The refinance rate on a 30-year fixed-rate refinance is 6.487%.’
https://money.com/todays-mortgage-rates-june-7-2022/
The housing as piggybank set may have a problem. I have known so many people over the years who have used their houses as a perpetual bailout machine. They have been doing it for so long that they are conditioned to expect an easy refi with cash out and magically lower rates. 6% is going to be a rude awakening for a heck of a lot of people the next time they need an infusion. I predict lots of impotent rage.
I’m sure a HELOC will be much more than 6%
You have to start paying it back immediately. This was never a sound plan.
The globalist-Democrat agenda is to subvert and undermine the law, not uphold it.
George Soros-backed groups have spent $40 million to elect 75 progressive prosecutors over the last decade – meaning one in FIVE Americans now live in areas covered by his criminal justice reformers
https://www.dailymail.co.uk/news/article-10894581/George-Soross-groups-spent-40-million-elect-75-progressive-prosecutors-decade.html
Video: White House Tells Americans They Have It Better Than Europeans On Gas Prices
https://summit.news/2022/06/07/video-white-house-tells-americans-they-have-it-better-than-europeans-on-gas-prices/
Responding to questions about record high gas prices Monday, White House press secretary Karine Jean-Pierre completely copped out by saying that Americans aren’t as bad off as people in Europe where prices are higher.
Once again falling back on the totally debunked notion that Russia’s actions are purely to blame for high energy prices, Jean-Pierre said “This is a global challenge, this is something that everyone is feeling across the globe.”
She then noted that gas prices in the European Union are over $8 a gallon.
Fake “wealth” created by the tsunami of Yellen Bux funny money – what could possibly go wrong?
Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling
https://www.cnbc.com/2022/06/06/housing-wealth-sets-unprecedented-gain-but-signs-suggest-market-is-cooling.html
Feel-good story of the day: Real Journalists get axed from yet another globalist propaganda outlet.
ABC to abolish almost 60 jobs and make journalists do the work
https://www.cnbc.com/2022/06/06/housing-wealth-sets-unprecedented-gain-but-signs-suggest-market-is-cooling.html
https://www.news.com.au/entertainment/abc-to-abolish-almost-60-jobs-and-make-journalists-do-the-work/news-story/36510599a6169b57753305181270e555
Staff at the ABC are in shock after the public broadcaster announced plans to abolish 58 positions and make journalists research and archive their own stories.
ABC management said the broadcaster was transforming into a digital-first media organisation and new technology had enabled more efficient content collection and management.
This is a urine soaked mattress article.
“COVID infections are on the rise again in most U.S. states, and the coming fall and winter are likely to be bad all over again. But Americans, almost to a person, seem done with masks.”
Citizens don’t wear masks. Slaves wear masks.
“For political purposes, Republicans were taught early and often by Trump and their other leaders to consider any pandemic mitigation measures COVID-19 — social distancing, masks, vaccines — as a sign of weakness.”
The same people who want you fired from your job for not getting injected with experimental mRNA poison, now they want to take away your guns.
“As a tribal act of resistance against imagined tyranny, people refused to mask up or would defiantly “mask down” with, say, their nose exposed. Or they would completely go toddler and have a massive public meltdown.”
More people have died from COVID “vaccines” than have died from COVID.
“People deny the science because they either don’t comprehend or purposely choose to misrepresent the nature of scientific inquiry, which is both time-consuming and self-correcting.”
COVID “vaccines” are deadly poison.
“No health expert ever claimed that the vaccines would definitely keep you from getting COVID.”
Did you know that when Salon.com was sold for $5 million, it was valued on the basis of its archives? Because its current value is zero.
“Journalism, in less rigorous fashion, follows something closely akin to the scientific method. Journalists (real ones) look for the best facts on the ground, editors review the work and its factual claims, and the “findings” are always subject to revision, given new facts.”
https://www.salon.com/2022/06/08/how-many-people-because-mocked-mask-wearing-well-never-know/
died from COVID “vaccines”
The Medicare Data: How Can You Explain a 50% Rise in All-Cause Mortality for an Intervention That’s Supposed to Save Lives? [VIDEO] (1m25s)
Sadly, another family member appears to be showing signs of jab injury. She has been feeling facial numbness, vertigo, and her blood pressure shot up for no reason. Her doctor prescribed her some lisinopril and sent her away.
Some poisonous Chinese medicine for a Made in China virus – a globalist’s wet dream.
Oh dear….
Aussie house prices slam into reverse
https://www.macrobusiness.com.au/2022/06/aussie-house-prices-slam-into-reverse/
According to PropTrack Economist Paul Ryan, Australian house prices have experienced their sharpest deceleration in growth since 1989:
“Home price growth has slowed down quickly in 2022. The PropTrack Home Price Index showed that home prices fell in May, the first decline since the start of the pandemic. In the last six months, home price growth has experienced the most rapid slowdown in more than 30 years”.
The annual rate of dwelling price growth across Australia’s capital cities has slowed from a rapid 24% six months ago to 14% in May.
Shrinkflation…….get yor 32 oz bottle gatorade while you can
https://apnews.com/article/india-prices-business-d2c8279d39e1304f5623b3a99b56b8cc
This is not “gun violence.” It’s vibrancy.
https://www.dailymail.co.uk/news/article-10894957/Florida-girl-10-charged-murder-allegedly-shot-killed-woman.html
Two men took part in a wild gun battle on a Queens street, leaving one of them hospitalized and the other on the run.
https://www.fox5ny.com/news/gun-battle-queens-65th-broadway
more “vibrancy” Man with at least 40 arrests released after death threats to Bronx MTA workers: report
https://www.audacy.com/1010wins/news/local/man-with-arrests-released-after-threats-to-bronx-mta-workers
Oldsmar, FL Housing Prices Crater 15% YOY As Excess, Housing Inventory And Plunging Demand Ravages Gulf Coast Florida
https://www.movoto.com/oldsmar-fl/market-trends/
As a noted economist explained, “The leading cause of personal bankruptcy in the US is the 15 and 30 year mortgage.”