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I Think We’ve Hit The Ceiling, And You Know, It’s A Really Big Ceiling

A report from Candy’s Dirt in Texas. “If anyone at a cocktail party says, ‘I’m waiting on the housing market to crash,’ you simply walk away from that conversation because that person has zero knowledge whatsoever. If someone says, ‘There are going to be a rush of foreclosures and bank-owned homes that I’m going to scoop up,’ once again, walk away as that person continues to be talking about things that aren’t going to happen.  In the past week, there have been nearly 500 homes in Tarrant County that have decreased their asking price. In that same week, there have been nearly 900 new homes hitting the market. If you’re a buyer, you might not have to overpay or even pay asking price for the home of your dreams.”

From Bloomberg. “Danny Meier had one of the busiest years of his career in 2021. The 36-year-old closed roughly $799 million worth of loans at Academy Mortgage Corp., ranking him among the top producing originators in the US. Now, he’s bracing for a 20% reduction in business and recently had to cut several staff. ‘It’s scary,’ Meier said in a phone interview. ‘We have sellers panic listing, and then you have buyer fatigue and buyers stepping out altogether really fast.'”

“Already, the fallout is cascading across the industry. Wells Fargo & Co. has warned that income from its mortgage-lending business may drop significantly in the second quarter. Employees at the bank’s home-lending division and its rival JPMorgan Chase & Co.’s unit are being laid off or reassigned to different areas. Real estate brokerages such as Compass Inc. and Redfin Corp. also announced plans to cut their workforces earlier this month.”

“‘Layoffs are happening everywhere,’ Meier said. ‘People are cutting rates, cutting costs, with desperate attempts to gain business.'”

The Phoenix Business Journal in Arizona. “Despite a soft spring, several homebuilders are moving ahead with plans to open their communities throughout the Valley this summer. ‘The Phoenix area housing market has stalled in recent months as a result of eroding affordability from spiking mortgage interest rates,’ said Steve Hensley, advisory manager for Zonda housing research firm. ‘Zonda’s New Home Pending Sales Index shows demand fell 10% from April to May and demand was 24% lower than a year ago.'”

The Real Deal on New York. “Buyers in the Manhattan housing market have lost their sense of urgency as a myriad of factors change the landscape. The number of signed contracts in the borough has dropped annually every week since April 11, according to UrbanDigs. For the week of June 13, contract signings were down 28 percent year-over-year. ‘You get people going into paralysis or simply taking a moment to recalibrate and say to themselves, what do I need to do?’ Douglas Elliman agent Frances Katzen told Bloomberg.”

From NBC on California. “Real estate agents and brokers say the housing market has cooled off significantly in Silicon Valley compared to just a couple months ago. Realtor and broker Rigo Bracamontes says higher interest rates are keeping homes on the market longer, open houses are attracting smaller crowds and the multiple high bidders are disappearing. ‘Today, there will be many buyers that will be able to buy that three or four or five months ago were not just because the competition is not there any more,’ he said.”

“Bracamontes predicts home prices will drop even more by September and October, but buyers still face interest rate hurdles. ‘The idea of let’s ask this price because there are many buyers, those days are gone for the moment,’ Bracamontes said. One particular single family home on North White Road in San Jose has been on the market for 24 days. The seller did what was unheard of just a few months ago: dropping the list price by $95,000. Even with the price drop, the home is still listed at almost $800,000, which is still too high for many people in the valley.”

“‘The market is changing,’ Bracamontes said. ‘It definitely is not what it was three, four, five months ago.'”

From KTSB on Idaho. “Anyone who has bought a house lately or is looking to buy one knows just how expensive and competitive the Treasure Valley housing market is. There appear to be some signs that the market conditions are changing. For the month of May, Boise Regional Realtors reported home prices did go up again, as noted earlier, but closed home sales went down for the third month of consecutive year-over-year declines.”

“Boise Regional Realtors 2022 President Becky Enrico-Crum: ‘I’m not sure that we’re going to continue to see the price go up. I think what we’re finally going to see is that price to stabilize. I keep saying where’s the ceiling? I think we’ve hit the ceiling, and you know, it’s a really big ceiling.'”

The Motley Fool. “Canada’s housing market is crashing this year. In May, the average house price was $711,000, down more than $100,000 from the February peak of $816,000. It was the first major correction in Canada’s housing market in a long time.”

From Domain News. “A recent cost of living survey has concluded more than one-quarter of Australians will suffer from mortgage stress in the wake of the Reserve Bank of Australia’s aggressive rate rise. ‘If that twenty-three per cent who said they have mortgage repayments $500 to $750 per week were single-income households, they would be in real trouble,’ Bill Tsouvalas, CEO of Savvy, said. ‘The COVID mortgage holidays are over and for some families, there may not be much left in the tank when it comes to covering mortgage repayments.'”

“Mr Tsouvalas also advised that anyone currently saddled with a home loan should look to get the best deal possible as soon as possible. ‘If you can refinance at a lower rate – lock it in now,’ Tsouvalas said.”

From Reuters. “A southern Chinese city is sending officials to neighbouring villages to drum up interest in its unsold homes and offering to help find jobs for those who buy an apartment, as a deepening property malaise grips China’s small cities. Yulin, a city of 5.8 million known for its annual summer dog meat festival, will recommend a home buyer for more than three jobs, The Economic Observer, a weekly newspaper, reported.”

“But rural residents in the Guangxi autonomous region, which includes Yulin, on average earn only about 5,000 yuan ($748) a year, less than half of what urban residents make, official statistics show. Yulin’s civil servants have also been told to persuade their relatives and friends to buy properties to help meet the target, it said. Yulin is not alone in taking unusual steps to lure home buyers. In a city in central China’s Henan province, a desperate developer has offered to take wheat and garlic as part of the down payment for properties.”

“Property markets in China’s third- and fourth-tier cities remain bleak even after steps to stimulate weak demand, with new home prices falling for a ninth consecutive month in May and inventories rapidly ballooning. The oversupply is particularly severe in Yulin, where the destocking cycle is more than 10 years, according to a real estate company cited by The Economic Observer, compared with up to three years normally in China.”

This Post Has 166 Comments
  1. From the 25 minute Phoenix video:

    The Phoenix Real Estate Bubble has BURST! (FULL ANALYSIS)
    Premiered Jun 26, 2022 Stats and Trends for going into Quarter 3 2022 for the Phoenix Real Estate Market. Inventory is rising, prices are falling. Not all markets will crash, but Phoenix is on pace for a crashlike pullback.

    The 1:37 Orange County video:

    Housing Market Update for Summer
    Jun 27, 2022 The market has shifted since the beginning of the year. So what does this market shift mean for buyers and sellers?

    The 6 minute Omaha video:

    10 Signs the Omaha Real Estate Market is Shifting
    Jun 27, 2022 What are some early indications of a changing market? In this video we take a look at some of the early indicators of a shifting market in Omaha, Nebraska.

    1. “The market has shifted since the beginning of the year. So what does this market shift mean for buyers and sellers?”

      I love a good shift show.

  2. The globalist Quisling regimes in Australia, NZ, and Canada are leading the way when it comes to bursting housing bubbles.

    Thousands face financial ruin as home builder collapses mount
    https://www.macrobusiness.com.au/2022/06/thousands-face-financial-ruin-as-home-builder-collapses-mount/

    Australia’s home building industry continues to collapse, with 16 large firms already winding up and many more on the brink of going under.

    The list of collapses is long and includes: Privium, BA Murphy, Hotondo Homes Hobart, Probuild, Condev, Inside Out Construction, Dyldam Developments, Home Innovation Builders, ABG Group, New Sensation Homes, Next, Pivotal Homes, Pindan, ABD Group, Solido Builders and Waterford Homes.

    All have collapsed since December 2021.

    Australia’s biggest home builder – Metricon – is also teetering on the brink and has engaged in crisis talks with both the NSW and Victorian Governments, as is Victorian builder Snowdon Developments Pty Ltd.

    Experts believe this is only the tip of the iceberg. IBISWorld this month reported that insolvencies are “trending upwards” in the home construction industry:

    1. Those sub-contractors are the first to get shagged, the exception possibly the welder who manages a fire sale to the insurance company for a brown envelope commission.

  3. ‘Canada’s housing market is crashing this year. In May, the average house price was $711,000, down more than $100,000 from the February peak of $816,000’

    This is curious. We read about some of these igloo clusters being down that much and more. Is the national price down 100k?

    1. Unfortunately immigrants are frequently allowed-in to perform the menial and laborious tasks, and it doesn’t take ’em long to notice the hedonism.

  4. ‘Bracamontes predicts home prices will drop even more by September and October’

    More? Rigo, are you saying prices have already fallen?

    ‘It’s scary…We have sellers panic listing’

    I love a good panic in the mornin!

    1. “I love a good panic in the mornin!”

      “It smells like victory.”

      – The slow-motion train wreck of the bursting of “The Everything Bubble” continues. This encompasses a global housing bubble, including U.S. housing bubble 2.0. Apparently peeps don’t learn from history.

  5. Die, speculator scum. “Investor owned housing” is another legacy of the Keynesian fraudsters at the central banks turning housing into a speculative asset bubble.

    Almost one-in-10 Australian homes were ‘vacant’ on Census night

    https://www.news.com.au/finance/money/investing/almost-onein10-australian-homes-were-vacant-on-census-night/news-story/e5da221268ad7331c2882a4feefd0db1

    An expert says one “extraordinary” Census data statistic “punched me in the face”. It makes for difficult reading for Aussies caught in the housing crisis.

  6. Domain: Australians are spending almost half their income on mortgage repayments

    It’s kinda painless to let people borrow huge multiples of their income. The wine flows, cars are bought. But it never fails to disappoint.

    Here’s an article I didn’t find space to post but did save:

    ‘October 10, 2021

    “The divergence between property prices and incomes in some areas demonstrated that sources other than income can play an important role in homeownership,” the report said. Annik Gougeon, a CHSP senior analyst, said the data suggest many home buyers are either taking out very large mortgages or using savings and wealth to make purchases.’

    ‘The study found that B.C.’s median price-to-income ratio of 5.4 was more than double the ratios in Nova Scotia and New Brunswick.’

    ‘The highest median price-to-income ratio was found in West Vancouver, followed by Richmond. There, buyers spent 17 times and 12 times their incomes, respectively.’

    https://www.theglobeandmail.com/business/article-wealth-a-bigger-factor-than-income-in-vancouver-home-sales-new-study/

  7. Germany is a failed nation.

    Russia Today — Chemical giant may close plant due to gas shortage (6/27/2022):

    “German chemicals major BASF may be forced to halt production at the world’s biggest chemicals plant in Ludwigshafen, the Wall Street Journal reported on Monday, citing shortages of cheap and abundant Russian gas.

    According to the report, BASF has used Russian natural gas for years to generate power and as feedstock for products that make it into toothpaste, medicine, and cars. However, dwindling Russian gas supplies are proving a threat to the company’s vast manufacturing hub, it says.”

    https://www.rt.com/business/557936-germany-basf-russia-gas/

    Kiss your economy bye bye, Hans.

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

      1. “Putin expressed regret over the bloc’s decision to commit energy “suicide,””

        – Headline: “Europe bites off nose to spite face.”

    1. ‘Germany is a failed nation’

      Good Lord?!
      Are you sure? – I’m just back from swimming – when did it happen?

    2. ‘Kiss your economy bye bye, Hans’.

      There will be no collapse of housing prices in Germany.

      1. – and what I don’t understand either – are some of you guys are kind of… rooting for the worst war criminal of our time?

        And if –

        Why?

          1. The overarching issue by some member of this blog is that a One World Order Cartel is trying to take over the World to bring on a slavery and genocide , and lost of all freedoms. .

            The fact that Russia is evil, or not evil , becomes a secondary concern , to the epic evil of the One World Order Powers. Their current insurrection and intent to enslave , take all freedoms , commit mass genocide and depopulation , destroy USA and bring on this dictorship to most the World is the evil worth fighting against at this time.

            Why are you playing dumb ?

          2. ‘The overarching issue by some member of this blog is that a One World Order Cartel is trying to take over the World to bring on a slavery and genocide , and lost of all freedoms’

            Really? –
            but I always read here – that there is no ‘order’ at all –
            Just the total chaos of some complete un-orderly Casino – where every gambler by himself tries to make the fastest buck possible by fooling and exploiting others. And it’s everybody against everybody and NO co-ordination at all?

            And how in the world could you write that the fact that Russia is evil, or not evil , becomes a secondary concern – if you just read that – supposedly – whole Germany has to freeze this Winter because of ‘evil’?

          3. and about:
            ‘Why are you playing dumb’? – about the silly idea that there is some kind of ‘World Order’?

            Perhaps because I lived for quite some time in Italy?
            And if you EVER would live for a certain time in Italy you would
            understand that Italy NEVER EVER could be a part of some ‘World Order’ – and if Italy can’t – and it is highly doubtful that
            Las Vegas could be – there can’t be any ‘World’ Order – as Italy AND Las Vegas are part of ‘the World’ –

            Right?!

        1. nobody said a word about Henry Kissinger. Also he’s like 99, he’ll get his place in the “sun” pretty soon, why waste effort on him?

        2. “rooting for the worst war criminal of our time?”

          I haven’t seen anyone here rooting for the UN, G7,WEF, Klaus Schwab, or George Soros.

          Whatever do you mean?

        3. Hi DejaVue,
          Worst criminal war criminal of all time? Well in the last fifty years I would vote for Barack Obama or GW Bush. Certainly not Vladimir Putin. Of course if you go back further then the commies probably get the prize, but not today.
          –Geezer

          1. @
            ‘Well in the last fifty years I would vote for Barack Obama or GW Bush. Certainly not Vladimir Putin’.

            such statements of Americans – and as you call yourself ‘NJGeezer’ you must be an ‘American’ – have become one of the
            huuuge mysteries for us ‘foreigners’ – because like a lot what the deplorable posts it always reads and sounds as if you hate your fellow Americans more than even the worst ‘foreign’ monster.

            And could you explain that? – not with some past crimes an American committed – but how it reads and sounds RIGHT NOW while the brutal foreign Killer destroys his own people?

      2. Whooooaaaaa……nice to see Germany is immune! Maybe we should all invest there!

        Heil Schwab-ler!

        1. ‘nice to see Germany is immune!
          Maybe we should all invest there!’

          Two things –
          1. You should NOT invest in housing in Germany as Germany makes it quite difficult for greedy speculators.

          2. Germany was/is not ‘immune’ – as even as the Germany makes it
          quite difficult for greedy speculators – there were a lot of greedy speculators in Germany who tried to pump up housing prices here too – bUT thankful not enough in order to lead to a housing bubble bust…

      3. You said your grandparents were not citizens of the town that denied knowing about the near by death camp but you didn’t answer my follow up question.

        Was your grandfather in the SS?

        Just wondering because although my Dad was in the Navy in WWII his brother, my uncle was on a bomber that was hit and crash landed in Germany and maybe they met.

        Now my best friend’s Dad fought in Patton’s army during the Battle of the Bulge and actually liberated a concentration camp after entering Germany but he wouldn’t have met any of your relatives that may have been there because those Germans fled before the American soldiers got there.

        1. ‘Was your grandfather in the SS?’

          No –
          again –
          and do you think it would be funny if a European would ask you –
          if your grandfather was a member of the Clan?

          1. “and do you think it would be funny if a European would ask you –
            if your grandfather was a member of the Clan?”

            I guess that would have to come from a European because most Americans would know it was the KKK not the CCC.

            Anyway, the Klan burned a cross on my grandfathers front lawn in the early 1920s so no I wouldn’t mind at all.

            Not that I hold you responsible for your family fighting for Hitler, I don’t believe the sons should be responsible for the father’s sins.

            Unless of course you are Hunter Biden and then your sins are all mixed together with your father’s sins.

    3. BASF has used Russian natural gas for years to generate power and as feedstock for products that make it into toothpaste, medicine, and cars. However, dwindling Russian gas supplies are proving a threat to the company’s vast manufacturing hub,

      BASF is going to start replacing that natural gas feed stock with Fairie and Unicorn farts. It’s true, I saw it on a Green Party website. Germany never needed that Russian gas any how, they’re going to build more windmills. Talk about a bunch of dumb Krauts!!!

      1. ‘BASF is going to start replacing that natural gas feed stock with Fairie and Unicorn farts’.

        Well –
        there might be some… Americans -(like you) – who believe such silly… stuff but Germans are a lot more realistic and they will use the shortage in order to become completely energy self sufficient in the future and then Germany can’t be blackmailed by Russian War Criminals anymore.

        1. completely energy self sufficient

          You better pick up a better act because this trolling routine of yours is lamer than a $3 bill. Last time I looked, Germany doesn’t have a whole lot of natural gas reserves. But you could go back to the WWII method and make synthetic fuels out of your coal!

          1. ‘You better pick up a better act because this trolling routine of yours is lamer than a $3 bill’.

          2. ‘You better pick up a better act because this trolling routine of yours is lamer than a $3 bill’.

            Well –
            I most of the time live in a house which is complete ‘energy autark’ – meaning – I and my family need NO energy from any outside source for showering – and that house was built and invented by a group of very ‘orderly’ and smart people.

          3. I most of the time live in a house which is complete ‘energy autark’ – meaning – I and my family need NO energy from any outside source for showering

            So how is BASF going to keep that gigantic chemical plant open? Or will it be sufficient if the employees there take showers everyday?! LOL!

          4. ‘I most of the time live in a house which is complete ‘energy autark’ – meaning – I and my family need NO energy from any outside source for showering”

            With the help of Yak killing cobalt and “children as young as seven as miners” who “breathe in cobalt-laden dust that can cause fatal lung ailments”

            Your Green Mask is slipping.

            Child labour, toxic leaks: the price we could pay for a greener future

            Robin McKie Science Editor
            Sun 3 Jan 2021 03.15 EST

            Metals such as lithium and cobalt provide examples of the awkward issues that lie ahead, said Herrington. Both elements are needed to make lightweight rechargeable batteries for electric cars and for storing power from wind and solar plants. Their production is likely to increase significantly over the next decade – and that could cause serious ecological problems.

            In the case of cobalt, 60% of the world’s supply comes from the Democratic Republic of the Congo where large numbers of unregulated mines use children as young as seven as miners. There they breathe in cobalt-laden dust that can cause fatal lung ailments while working tunnels that are liable to collapse.

            “Men, women and children are working without even the most basic protective equipment such as gloves and face masks,” said Mark Dummett of Amnesty International, which has investigated the cobalt-mining crisis in DRC. “In one village we visited, people showed us how the water in the local stream that they drank was contaminated by the discharge of waste from a mineral processing plant.”

            https://www.theguardian.com/environment/2021/jan/03/child-labour-toxic-leaks-the-price-we-could-pay-for-a-greener-future

        2. “but Germans are a lot more realistic and they will use the shortage in order to become completely energy self sufficient in the future and then Germany can’t be blackmailed by Russian War Criminals anymore.’

          You’d better close your eyes, tap your heels together three times and say there’s no place like home… in German

          1. ‘You’d better close your eyes, tap your heels together three times and say there’s no place like home… in German’

            Why?
            If my favourite home is in Italy?

        3. ‘I most of the time live in a house which is complete ‘energy autark’ – meaning – I and my family need NO energy from any outside source for showering”

          With the help of Yak killing cobalt and “children as young as seven as miners” who “breathe in cobalt-laden dust that can cause fatal lung ailments”

          NO!
          With the help of a German Wärmepumpe!

        4. @
          ‘So how is BASF going to keep that gigantic chemical plant open? Or will it be sufficient if the employees there take showers everyday?! LOL!’

          Well –
          BASF should have learned faster –
          Right?
          And if BASF -(like one of the stupid shortsighted Housing Speculators) hasn’t learned fast enough – BASF will learn it NOW!

          LOL!

          1. AND no worry about the employees of BASF if the plant has to close because of the shortsighted stupidity of the management – as it is very difficult in Germany to fire ANYBODY because of the shortsighted stupidity of some greedy management.

      1. Are the Euros restarting their shut down coal mines too? I don’t think that is something that can be down with the flip of a switch.

        1. don’t forget coal trains, locomotives, cars, tracks, engineers, etc. All that coal (if it exists out of shut down coal mines) has to be moved on site. 100 cars plus a day per plant.

          1. ‘don’t forget coal trains, locomotives, cars, tracks, engineers’

            AND mainly that such a crisis makes people very ‘erfinderisch’
            and finally eager to solve the problem of energy independency
            – especially being dependent on brutal war criminal monsters.

            Or in other words: Yes! – there also will be pain for Germans who have learned too slow – but they already have learned a lot faster than US Housing Speculators – and isn’t that the point?

      2. ‘I know I know…..Germany is next…….’

        YES!
        AND such a crisis makes Germans very, very ‘erfinderisch’ –
        and finally very eager to solve the problem of energy independency
        – especially being dependent on such a brutal war criminal monster.

        Or in other words:
        Yes! –
        there also will be pain for Germans who have learned too slow – but they already have learned a lot faster than US Housing Speculators – and couldn’t that be – the point?

        1. You are either a very bad professional troll, or very stupid, or just brainwashed.

          After the billions Germany has spent to become “energy independent”, it should be obvious to everyone older than 3 years old that the plan hasn’t worked. Germany’s economy is failing and the result of putting up windmills is that German industrial production will get shut down. No more German steel, or cars, or heavy equipment. No more German chemicals (e.g., BASF)–just what will be left in Germany except some relics from WW II. Germany is proving to be very proficient at creating monuments to its once “great” achievements.

          1. ‘Germany’s economy is failing and the result of putting up windmills is that German industrial production will get shut down’.

            Well –
            there are Germany economists who did warn that the war criminals actions could cost the German Economy up to -18 percent GDP – BUT as Germany is a tremendously rich country and the people not only used to ‘frugality’ – some even LOVE it –
            there is this… mood – that such a shock would be a GREAT learning experience – NOT unlike the learning experience of Americans who will find out in the coming month that their houses are 18 – or more percent LESS WORTH.

            Right?

          2. – and about:
            ‘After the billions Germany has spent to become “energy independent”, it should be obvious to everyone older than 3 years old that the plan hasn’t worked’.

            BE-cause Germany far too late ‘spent to become energy independent’ -(as the dependence on Russian gas proves)
            and Germany never was really serious about it – like all of your fellow Americans who never were serious about saving gas.

            BUT NOW!

            It’s a whole new game – Right?
            And Germans and Americans alike will try EVERYTHING to get
            at least a lot more ‘energy independent’ –
            (and if it means that I have to ride my bike a lot more – which will be very healthy for me- MOI)

          3. You are either a very bad professional troll, or very stupid, or just brainwashed.

            Well, you know the saying: “Don’t feed the troll”. If no one feeds him (replying to his posts) he will grow bored and go away.

  8. A million former Democrats have left the Party of Treason, but their replacements are already inbound. Forward!

    Reporter films hundreds of migrants running across Arizona border, says border agents ‘feel like Uber drivers’

    https://www.foxnews.com/media/reporter-video-hundreds-migrants-running-arizona-border

    Reporter Jorge Ventura said on Fox & Friends” Monday he recorded hundreds of illegal immigrants running across the southern border into Yuma, Arizona.

    Ventura, from the Daily Caller, discussed what he has witnessed at the southern border and why migrants are being incentivized to cross into the United States.

    Ventura said there’s “massive” gaps throughout the border wall, so migrants are directed by coyotes and smugglers where to cross.

    1. This sort of migration has to have some impact on housing cost. They can’t afford a 500k starter home, they can and will certainly displace the folks at the bottom.

  9. When the rubber meets the road – or something like that. I think that this will be the issue – when (if ever) does the fed admit that they have lost taxpayer $$$s on MBS. Who is accountable? and what will be the long term impact on US housing.


    Yet a big question still facing investors, lenders and anyone trying to navigate the still-hot housing market is whether the Federal Reserve will start selling its trove of mortgage holdings to fortify its inflation fight. The central bank is so far trying to counter inflation by more traditional means: raising benchmark interest rates.

    No doubt, housing data has been volatile recently, skewed by evolving Fed policy and a dearth of homes to buy. But with 20% annual home price gains, the central bank must weigh concerns about a potentially dangerous bubble forming in housing.

    “If they really want to sound like they are committed to price stability, selling MBS could be something to explore,” said Priya Misra, head of global rates strategy at TD Securities, by phone, about the Fed’s $2.7 trillion holdings of mortgage-backed securities.

    “But I don’t think they will,” she added.

    Instead, Misra expects the Fed to first use higher rates and a smaller balance sheet to keep a lid on the housing market, avoiding a potential bubble burst, specifically by more aggressively raising its policy rate from its current range of 1.50%-1.75%.
    …….
    In Capitol Hill testimony this week, Federal Reserve Chair Jerome Powell was asked if the central bank would consider selling its mortgage holdings at a loss by Republican Sen. Bill Hagerty, who estimated the Fed’s current loss exposure at roughly $500 billion.

    Powell said potential losses have played no role in the decision-making, and that they are not a consideration now.

    On the other hand, higher rates have slowed refinancing activity, meaning old mortgages in existing bond deals could be slower to repay, a dynamic that Citi Research analysts led by Ankur Mehta said may slow the Fed’s balance-sheet runoff plans, and prompt the sales Powell was pressed on.

    “We would assign a 60% probability to the Fed selling in Q4’22/Q1’23, a 10% probability of the Fed selling after that and a 30% probability to them never selling MBS,” the team wrote, in a Friday note.

        1. The Financial Times
          Opinion Markets Insight
          The risk of a flip-flopping Fed
          There is a danger of the classic ‘stop-go’ trap that haunted many western central banks in the 1970s and 1980s
          Mohamed El-Erian
          US Federal Reserve chair Jay Powell. Good central bank policymaking calls for the Fed to lead markets rather than lag behind them
          Mohamed El-Erian an hour ago
          The writer is president of Queens’ College, Cambridge, and an adviser to Allianz and Gramercy

          The markets are evolving their minds about US economic prospects just as the Federal Reserve has been scrambling again to catch up to developments on the ground.

          This risks yet another round of undue economic damage, financial volatility and greater inequality. It also increases the probability of a return to the “stop-go” policymaking of the 1970s and 1980s that exacerbates growth and inflation challenges rather than addressing them.

          Good central bank policymaking calls for the Fed to lead markets rather than lag behind them, and for good reasons. A well-informed Fed with a credible vision for the future minimises the risk of disruptive financial market overshoots, strengthens the potency of forward guidance on policy and provides an anchor of stability that facilitates productive physical investment and improves the functioning of the real economy.

          Coming into the second half of June, the Fed had already lagged behind markets twice in the past 12 months and in a consequential manner. First it stubbornly held on to its “transitory” mischaracterisation of inflation until the end of November, thereby enabling the drivers of inflation to broaden and become more embedded. Second, having belatedly course-corrected on the characterisation, it failed to act in a timely and decisive manner — so much so that it was still injecting exceptional liquidity into the economy in the week in March when the US printed a 7 per cent-plus inflation print.

          These two missteps have resulted in persistently high inflation that, at 8.6 per cent in May, is hindering economic activity, imposing a particularly heavy burden on the most vulnerable segments of the population, and has contributed to significant market losses on both stocks and government bonds. Now a third mis-step may be in the making as indicated by developments last week.
          ..

  10. ‘It’s scary,’ Meier said in a phone interview. ‘We have sellers panic listing, and then you have buyer fatigue and buyers stepping out altogether really fast.’”

    Don’t forget “Serene renters lounging on their lawn chairs, popcorn in hand, just enjoying the floor show while waiting for the Fed’s Everything Bubble to implode under the weight of its own debt, fraud, and mark-to-fantasy accounting.”

  11. ‘We have sellers panic listing, and then you have buyer fatigue and buyers stepping out altogether really fast.’

    What does that even mean?

  12. “Canada’s housing market is crashing this year. In May, the average house price was $711,000, down more than $100,000 from the February peak of $816,000. It was the first major correction in Canada’s housing market in a long time.”

    Let’s see how Canada’s pajama boy PM and his globalist Quisling regime handle a full-blown housing bubble bust. Canadian cucks who elected Lil’ Fidel are going to get exactly what they deserve when their economy and financial system implode.

  13. https://www.zerohedge.com/markets/another-food-processing-plant-shutters-operations-adding-long-list-closures

    (a fun snip)

    “Meanwhile, in London, Ontario, Aspire Food Group recently announced that its new insect production facility would produce 9,000 metric tons of crickets yearly for human and pet consumption across North America, according to Canadian Manufacturing.

    “As a reminder, the World Economic Forum (WEF) technocrats urged people weeks ago to ditch meat for ‘climate beneficial foods’ such as seaweed, algae, and cacti.

    “Part of the new world order is to reset the global economy and reengineer what people eat. This is being accomplished by influential billionaires, politicians, celebrities, biased academics, wealthy philanthropists, and the bureaucrats of international organizations and institutions.”

    1. “….its new insect production facility would produce 9,000 metric tons of crickets yearly for human and pet consumption across North America…”

      Those Christmas kneepads that Mr. Banker handed out to his most privileged loan owners will come in handy now as they get on all fours to share a meal with their pets.

  14. Joe Biden sticking to claim he and Hunter Biden never talked about foreign business: Psaki

    By Steven Nelson
    April 5, 2022

    WASHINGTON — White House press secretary Jen Psaki said Tuesday that President Biden still maintains he never discussed overseas business deals with his son Hunter — despite significant and growing evidence to the contrary.

    “Yes,” Psaki replied, tersely affirming that Biden stands by the 2019 claim that he’d “never spoken” with his son about “his overseas business dealings.”

    The answer concluded an extended dialogue between Psaki and Doocy focused on new reporting from the Washington Post and New York Times that belatedly verified emails from a laptop that formerly belonged to Hunter Biden, which The Post first reported in October 2020.

    The first son recently paid a tax bill of more than $1 million in a bid to avoid prosecution, the Times reported last month. The back taxes applied to a financial windfall he reaped from countries where his father held sway as vice president.

    https://nypost.com/2022/04/05/joe-biden-claims-he-and-son-hunter-biden-never-talked-foreign-business/

    Arthur Schwartz
    @ArthurSchwartz

    Voicemail from Joe Biden to Hunter saying he wants to discuss their China business deals. #TenPercentForTheBigGuy

    Jun 27, 2022

    https://twitter.com/ArthurSchwartz/status/1541516166518169600?s=20&t=9XlURx_NgFIArTeIVQ4skA

    1. Why don’t you do real posts instead of these made up ones? Surely you can find some real examples that would be more meaningful.

    1. FWIW, I’m really looking forward to seeing Brandon suck-up to Saudi crown prince Mohammed bin Salman.

      1. The Russian debacle showed that US and the west in general are not serious people, especially when you hold all the cards.

        1. Totally agree, showed the GAE is a matriarchy and believing that words and feelz would overcome actions.

  15. Phoenix Real Estate Market Update | Phoenix, AZ

    Premiered 16 hours ago The Phoenix real estate market is moving faster than we’ve ever seen before. This change is bad news for sellers as we quickly approach a balanced market, and possibly, a buyer’s market in the next few months.
    *Source: Cromford Report

    CHAPTERS:
    0:00 – Intro
    1:13 – Interest Rates
    3:18 – Rental Data
    5:54 – Contract Ratio
    9:20 – CMI Definition
    9:56 – CMI
    15:02 – Listing Success Rate
    18:57 – Outro

    https://www.youtube.com/watch?v=0u15YekECQo

    20 minutes. In the CMI section, the weakest cities are Glendale, Avondale,Phoenix, Gilbert,Chandler, and…Buckeye is circling the bowl. “The supply is increasing massively.” At 15:45. cancellations, cold feet. New listings in the last 28 days is 11,845.

    1. They’ll be in a balanced market for maybe 10 minutes before sellers go into panic mode and dump their leveraged housing market gambles.

  16. Is it bad if people who borrowed lots of money to invest it in imaginary money are now unable to repay their creditors?

    1. Crypto World
      One of the most prominent crypto hedge funds just defaulted on a $670 million loan
      Published Mon, Jun 27 2022 9:45 AM EDT
      MacKenzie Sigalos
      Arjun Kharpal
      Key Points
      – Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million.
      – Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and another 15,250 bitcoin, worth about $323 million at today’s prices.

      https://www.cnbc.com/2022/06/27/three-arrows-capital-crypto-hedge-fund-defaults-on-voyager-loan.html

    2. Luckily nobody borrowed money to buy stocks, just before the Fed initiated its punchbowl removal operations.

      Oh wait…

      1. Coming Unglued: When Margin Debt Peaks Meet Margin Calls
        Gary Gordon | Jun 16, 2022 01:27AM ET

        The Federal Reserve electronically created close to $5 trillion for the U.S. government to hand out in the pandemic. Here in 2022, we are seeing the consequences of our government’s money printing gone awry.

        For instance, 2020 investors “took advantage” by borrowing on margin to finance stock market dreams. Indeed, the steep spike in margin debt that occurred between March 2020 and October of 2021 is unmatched in history.

        Unfortunately for some folks, margin debt peaks eventually meet with “margin calls.” That’s a fancy way of saying that when stocks stark to sink, those who borrowed to finance stock acquisitions are forced to sell.

        And forced selling leads to more selling, until the predominant market reality becomes grotesque loss.

        That’s what is taking place today. And yet, the unwinding of margin debt may only be getting started.

        Most of the “drop from the top” has occurred in the profitless technology space—car tech, real estate tech, financial tech (a.k.a. fintech), tech tech.

        Carvana (NYSE:CVNA): -94%
        Redfin (NASDAQ:RDFN): -92%
        Teladoc (NYSE:TDOC): -90%
        Coinbase (NASDAQ:COIN): -88%
        Rivian Automotive (NASDAQ:RIVN): -84%
        Shopify (NYSE:SHOP): -83%
        Palantir Technologies (NYSE:PLTR): -83%

        Yet, even the most well-respected names have been coming unglued. Just get a gander at the FAANG cluster.

        Netflix (NASDAQ:NFLX): -76%
        Meta (Facebook (NASDAQ:META)): -57%
        NVIDIA (NASDAQ:NVDA): -54%
        Amazon (NASDAQ:AMZN): -45%
        Google (NASDAQ:GOOGL): -28%

        Most of the damage, however, has been confined to growth-oriented companies. Profitless tech, crypto-cultish, IPOs. The broader large-cap space as measured by the Dow Industrials and the S&P 500 has barely been scratched by the bear.

        In all likelihood, though, these indexes will “catch down” to the rest of the carnage. With consumers using their credit cards to pay for goods and services, and with the Fed aiming to reestablish credibility as an inflation fighter, the economy will experience a recession.

        Recessionary stock bears? Those typically do not end until big-time indexes like the S&P 500 plummet 35%-50%.

        https://m.investing.com/analysis/coming-unglued-when-margin-debt-peaks-meet-margin-calls-200625852

    3. Investing
      Cryptocurrency
      Advertiser Disclosure
      Bitcoin and Ethereum Prices Rallied This Week. It Won’t Last, According to These Experts
      Alex Gailey
      June 28, 2022 | 4 Min Read

      Cryptocurrency prices have been on the rise in recent days, but some experts don’t expect it to last.

      Bitcoin rose 5% and topped nearly $22,000 over the weekend — a big leap from when it fell to nearly $17,500 earlier this month. Ethereum saw a big jump too, rising to above $1,200. For investors, a big question still lingers: Is the crypto market truly recovering or is it just another false alarm, also known as a bull trap?

      Some experts say signs point to a bull trap and investors should be wary, warning the worst may be yet to come amid ongoing macroeconomic uncertainty — and bitcoin’s price, as well as other cryptocurrencies, could drop even further.

      https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-ethereum-prices-rise-crypto-bull-trap/

    1. Yahoo Finance
      Stock market news lives updates: Stocks under pressure, Nasdaq falls 2% as momentum stalls
      Emily McCormick
      Tue, June 28, 2022 at 8:23 AM·4 min

      US stocks were under pressure Tuesday, with the Nasdaq losing more than 2% near noon ET as steady selling has hit markets since the opening bell.

      Near 12:00 p.m. ET, the S&P 500 down 1.2%, the Dow off 0.7%, and the Nasdaq down as much as 2.1%. The small cap Russell 2000 was also down more than 1%.

      Stocks had taken a leg lower in morning trade after a new report showed US consumer confidence deteriorated to a 16-month low in June amid ongoing inflation concerns, stoking concerns that souring outlooks would contributed to a further slowdown in actual spending and activity.

      https://finance.yahoo.com/news/stock-market-news-lives-updates-june-28-2022-114448455.html

      1. “…stoking concerns that souring outlooks would contributed to a further slowdown in actual spending and activity.”

        Yes, they would contributed.

  17. Santa Clara, CA Housing Prices Crater 24% YOY As Bay Area Seethes In A Pot Of Mortgage Defaults, Soaring Inventory And Plunging Rental Rates

    https://www.movoto.com/ca/95054/market-trends/

    As one Bay area broker explained, “Our internal forecast is falling prices to a level not seen since the 1990’s.”

  18. Now that inflation is under control and the Fed is done raising interest rates, is it safe again to buy stocks?

    1. Democrat solution to runaway prices: Hand out free money to enable consumers to chase prices even higher…

      1. 23 Million Californians to get up to $1,050 in “inflation relief” checks
        moneywatch
        By Aimee Picchi
        Updated on: June 28, 2022 / 8:07 AM / MoneyWatch

        About 23 million California residents will soon receive “inflation relief” checks of up to $1,050 under a budget deal reached by Governor Gavin Newsom and state lawmakers on Sunday.

        The checks are part of a $17 billion relief package that will also suspend the state’s sales tax on diesel fuel and provide additional aid to help people with rent and utility bills, Newsom and Senate President Pro Tempore Toni G. Atkins and Assembly Speaker Anthony Rendon said in a statement.

        The agreement comes as California drivers face the highest gasoline prices in the U.S., with the average price for a gallon of gas in the state at $6.32 on Monday — or about 29% higher than the national average. Earlier this year, Newsom had proposed sending stimulus checks of $400 per vehicle to state residents, with a cap of two vehicles. But other lawmakers had pushed for a plan that would provide bigger checks to people who earn less.

        The relief checks are designed to help residents cope with “global inflation and rising prices of everything from gas to groceries,” the lawmakers said in the statement. Here’s how California’s plan will work.

        Where is the money coming from?

        https://www.cbsnews.com/news/stimulus-check-california-inflation-relief-payments/

        1. From the budget surplus from the massive tech bubble last year. There were a lot of capital gains! Of course, that bubble has burst! Along with all the other bubbles including the Everything Bubble!

        2. so the 10 million people who actually work won’t get any free money but they will get the increased prices. (33m people in Cali, only 23m get checks). Why would anybody sane still be in Cali?

    1. It sux to join a race to the exit from a burning theater, only to find the door blocked.

  19. Denver Colorado Housing Market 2022 [What To Expect]

    Jun 28, 2022 Denver Colorado Housing Market 2022 is starting to shift significantly but what does that mean for you?

    https://www.youtube.com/watch?v=ElAHO8CWkXo

    11 minutes. At 2:30 no more appraisals gaps. 8:30 price decreases “They’re freaking out.” Builder incentives. New build buyers under contract “they’re freaking out”…builders “are reducing their prices as well.”

      1. Bank of America put out a research note not long ago saying prices were going up 15% this year because muh tight supply forever.

  20. CHARLOTTE NEW CONSTRUCTION – NO MORE WAIT LISTS? | Charlotte Real Estate Market Report

    Jun 28, 2022 New home inventory in Charlotte is available! The waiting lists and multiple offers are over and there are great opportunities right now that weren’t available just a few weeks ago. Builders are ramping up incentives to help buy interest rates down. Let us know if we can help get you a deal!

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

    13 minutes. At 2:45 “builders fearful.” 4:45: $400k to $800k – 366 new finished shacks on market. 5 minutes – emails from builders.

  21. “If anyone at a cocktail party says, ‘I’m waiting on the housing market to crash,’ you simply walk away from that conversation because that person has zero knowledge whatsoever.”

    Sounds like the same mental illness as TDS.

    1. They just want to hear this person saying “I told you so, but you wouldn’t listen”. They want to live in their bubble world. See also “safe and effective”

      1. They also want to say, “nobody could have seen it coming,” later followed by “I saw it coming,” after the dust fully settles on the CR8R.

  22. Russian Controlled Severodonetsk (Special Situational Report)
    21,954 views Jun 28, 2022 For months Severodonetsk has been a hotbed of battle with Russian and LPR forces pushing to drive Ukraine forces out and or surround them. Just days ago Russia appeared to have taken full control of the city. We have traveled to Severodonetsk to show you the full real story of what is happening in the city and surrounding areas.

    https://www.youtube.com/watch?v=DRKNBYqb5DQ

    27 minutes.

      1. “Those Chechen dudes look tough.”

        Around there everybody is tough, but none of ’em sleep well. No young soldiers like the rich countries military, and no rotation either. Both sides are short of manpower.

      2. “Those Chechen dudes look tough.”

        Sure they’re tough, but that’s because they don’t have to worry about misgendering any of their fellow warriors.

        U.S. Navy releases shocking video providing directions on how to use correct pronouns

        Jun 21, 2022

        https://youtu.be/2YCQq5rboOk

          1. “Look at their faces.”

            Whose faces, the bad @ss Chechen soldiers or the Woke fruit cake U.S. Navy Loons providing directions on how to use correct pronouns?

      1. ‘deja vue needs to go to 12:38 of this video and watch to at least 13:36’

        in order to understand the atrocious brutality of the War Criminal who has started this war –
        nobody does –
        as the Whole World has seen ALL of the similar pictures – since ‘the monster’ let his troops invade and bomb and kill.

    1. “For months Severodonetsk has been a hotbed of battle…”

      No scavenging dogs, so nothing fresh unless a sniper gets lucky.

  23. ‘If anyone at a cocktail party says, ‘I’m waiting on the housing market to crash,’ you simply walk away from that conversation because that person has zero knowledge whatsoever. If someone says, ‘There are going to be a rush of foreclosures and bank-owned homes that I’m going to scoop up,’ once again, walk away as that person continues to be talking about things that aren’t going to happen.’

    One thing I remember from the last bust was that the loudest and most arrogant denials came not at the top in 2005, but at the bitter end in 2007/2008, from people who sometimes went belly up literally hours later.

  24. Well, we had the “everything bubble”. Now we have the everything crash:

    ‘It’s almost unbelievable’: People are having their job offers rescinded days before they start.

    Joynese Speller was excited to start a new job as a project delivery specialist for a health care company on June 6.

    As she wrapped up at her old nonprofit job on a Friday, she emailed her new company to confirm her start time on Monday. Hours later, she got another email: The company had some logistics to work out on their end, so Speller would actually start on Tuesday. That slid into Wednesday, and then Thursday.

    On Friday, Speller got a phone call. Due to budget cuts, the job she hadn’t even started yet was being eliminated.

    After taking a few days to process her rescinded job offer, Speller fired up LinkedIn to apply for jobs and saw more news of major companies doing layoffs and taking back offers. “I didn’t realize it was so prevalent until it happened to me,” she says.

    And this is only the tip of the iceberg. It’s going to be a bloodbath by Labor Day as the mass layoffs will be everywhere. And Brandon’s bobbleheads will insist there is no recession and even if there was one, it’s not their fault.

    1. An electrical contractor I used to work for a few years ago wants me to come back. Everybody I know in the trades is busy busy busy.

      The mortgage biz / tech layoffs have as of yet not spilled over into the commercial renovation / tenant finish part of the local Denver economy.

      1. The builder incentive/price cut returns says the end is near. Flat-tops follow roof tops. The giant sucking sound is no longer coming only from south of the border.

        https://en.wikipedia.org/wiki/Giant_sucking_sound

        BTW my ability to demonstrate new build cuts/incentives/mortgage buy downs etc comes entirely from these videos I’ve posted, it’s not in the print/web media at all.

    2. In 2001 in tech world, small (100 person company) things were not so good but big bosses kept saying “oh yeah, it will be fine, etc, look we even hired a new guy from across the country he starts Wednesday”

      Wednesday, mandatory all hands meeting. “we’re out of money, the company is closed, take whatever you want, no more employees” (which BTW means no COBRA, at least one person has to be on the health plan for others to buy it via COBRA and this was back when insurance was somewhat affordable)

      Yeah, the guy moved his whole family across the country to not even be able to start. I would have been more than a little upset.

      That was mid August 2001. It’s always the same thing just nobody wants to learn or even believe it’s possible.

      1. That was mid August 2001.

        And three weeks later 9/11 happened. I recall those days. It was a job seeker’s wasteland.

        I’m gonna guess that the management at that biz was either counting on winning a contract or get more investor dollars.

        I’ve worked at a few small places (less than 100 employees) like that. I never got to experience a sudden folding, but I knew plenty of people at others who did. Many didn’t even get their final paycheck.

  25. This is a Democrat Party sh*thole city article.

    The City / County of Denver voted almost 80% for Joe Biden in 2020, who did not win the election, but was installed into the White House anyway:

    “In 2021 there were 9,811 reported catalytic converter thefts across the state, according to the Colorado Auto Theft Prevention Authority (CATPA), an arm of the Colorado State Patrol, up from 189 in 2019. That’s an increase of more than 5,000 percent — and Denver’s seen an even steeper climb. Over a three-year span, the city’s reports of catalytic converter loss and theft increased 119,250 percent, going from three in 2018 to 2,387 in 2021. This year’s numbers are slightly ahead of that, according to the Denver Police Department.”

    https://www.westword.com/news/catalytic-converter-theft-stolen-car-denver-colorado-14224776

    This is a long article that I will dig into further and re-post.

  26. The Red Elephants Vincent James – Liberals FLEE RED STATES as SCOTUS on Mission from God (6/28/2022) 26m05s:

    https://www.bitchute.com/video/Tcdxl7inG5Ao/

    “They’re not sending their best”

    BTW, the Bitchute website is not Facebook, Twitter or Reddit. So if you don’t like it, f* off back to Facebook, Twitter, or Reddit.

    1. Liberals FLEE RED STATES

      As hard as I try, I can’t see a downside to this, except they might come here, though we also seem to have an exodus too. I guess super overpriced housing will do that.

    1. Witness Says Trump Supporters Were Armed With AR15s

      Funny, but I don’t recall seeing anyone in pictures even carrying a pea shooter.

      Obviously, this is retaliation for the Supreme Court rulings.

      1. @🚨 A source close to the Secret Service tells me both Bobby Engel, the lead agent, and the presidential limousine/SUV driver are prepared to testify under oath that neither man was assaulted and that Mr. Trump never lunged for the steering wheel’.

        as isn’t that the craziest story? – as when I met Trump I saw it in his eyes that he NEVER would do something like that – as why in this World would a US President do something like that? –
        (while I’m not so sure about the Ketchup story?)

  27. Oh oh, another “known” young person died “suddenly” at 32.

    ‘SNL’ stars remember comedian Nick Nemeroff after his ‘sudden’ death: ‘One of the greats’

    From his obit:

    One of the last things Nick did was to donate money to Planned Parenthood.

    Reminds me of that female comedian who collapsed just seconds after blaspheming.

    1. Depeche Mode just announced the CoD of their 60 y.o. founding member and keyboardist, Andy Fletcher. “Aortic Dissection”, very interesting, and extremely rare condition. If you speak to cardiologists they will tell you how “very rare” this condition is. Surprisingly, in the last year or so, cardiologists have seen quite a “spike” in aortic dissections (pardon the pun).
      Wonder what could possibly be responsible for a huge uptick in “extremely rare” fatal cases. Cannot imagine. Maybe Oxide knows?
      –Geezer

      1. Maybe Oxide knows?

        Her head is still in sand. She got the DNA not mRNA jab. 🙄

        1. Conversely, I’ve been spot on since February 2020 irrespective of people’s willingness to accept it.

          1. You’ll never be able to convince the Karens out there that the entire Covid “vaccine” intervention was an unmitigated disaster that made things worse, not better. It killed thousands of people who were at no risk of dying from Covid, it made millions seriously ill, some with permanent injuries and worst of all, it prolonged the epidemic and wreaked havoc in general.

            I can’t wait for the lawsuits. The worst damage was that it may have permanently damaged science–medicine has lost all credibility. Physicians look like idiots and drug companies look like murdering monsters. And the politicians just look like politicians. And the MSM should just be taken out and shot.

          2. medicine has lost all credibility

            I used to get old school shots. Now, I no longer trust what they put into them, so no more. I’ll have to hope that previous tetanus shots will carry me through.

          3. I learned recently that students in CA with Individualized Education Plans (IEPs) are not required to be vaccinated and do not need a medical exemption.

          4. I learned recently that students in CA with Individualized Education Plans (IEPs) are not required to be vaccinated and do not need a medical exemption.

            In the long run, these people are going to regret not getting the vaccinations–polio and measles are no laughing matter. Even being vaccinated against polio doesn’t guarantee that a person won’t get polio.

            And if you don’t have your required childhood vaccinations, you won’t be able to work in a healthcare environment. Way back about 30 years ago I think, there was a measles epidemic. It was caused by children who weren’t vaccinated (some who were from foreign countries). It put a lot of kids into hospitals and killed some. People don’t think that measles is very important because you rarely see a person with measles. They can’t put two and two together and figure out that’s because of vaccination policies in this and other developed nations.

            You are literally playing with fire if you don’t get vaccinated against polio. This is what I meant by the damaged done by the Covid-19 response. Just because the world went crazy during this latest “pandemic” that doesn’t mean that EVERYTHING ELSE in modern medicine is wrong, corrupt or fake. This kind of change in attitude will certainly result in a lot more people becoming serious ill or dying from not following the advice from their doctors or medical science.

            Just take diabetes as an example. Some ordinary guy with it will say, “I’m not going to take this fake medicine which is going to kill me and I’m not going to follow my doctor’s orders about altering my diet!”

            What’s going to happen to this guy? He’ll go blind. He’ll lose a limb or two. He’ll have a stroke or heart attack. And then he’ll end confined to a bed like an over-cooked potato and then he’ll die.

          5. Just because the world went crazy during this latest “pandemic” that doesn’t mean that EVERYTHING ELSE in modern medicine is wrong, corrupt or fake.

            How do we know that? This is an issue of trust, and that trust has been shattered.

          6. I recall reading that the long term plan is for all vaxxes to be mRNA based. That right there is a show stopper.

          7. How do we know that? This is an issue of trust, and that trust has been shattered.

            What happened during this Covid-19 pandemic I’ve never seen or heard about before–that is, for the first time you had politicians and non-physicians making decisions on how to treat patients. You had the news media pumping out pure propaganda. You had businesses taking steps that were clearly unconstitutional. This Covid event was unique in many ways.

            In the past and even now with every other disease and condition treated by modern medicine, doctors and patients make decisions on treatments after discussing things, the patient has to make an informed consent. Any GOOD physician wants their patients to educate themselves on whatever malady they are suffering from, to the fullest extent that is possible.

            So what is my advise and the advise that was and is the SOP everywhere? Do research on your condition. For everything that exists (except for a new disease like Covid-19), there are literally millions of pages of content on that condition. Medical journals and the popular press–with the internet a person can discover everything there is to discover without ever having to visit a biomedical library.

            Being better informed has always been the SOP in modern medicine. I won’t waste any time on discussions like, “Cancer really doesn’t exist”, or “The drug companies aren’t looking for a cure for cancer because they make more money on drugs that just “treat” cancer.”

            There are thousands of conspiracy theories out there on how medical research and people like me are all frauds. Fine, if you want to believe that, you’re free to do so. So when the right side of your body becomes paralyzed and you can no longer speak, don’t reach for the phone and call the paramedics. Those neurologists are just phonies.

            It’s all your choice, literally.

          8. you won’t be able to work in a healthcare environment

            My son’s autistic. It’s highly unlikely he’ll be working let alone in health care. He’s had his shots to date. I’m reluctant to give him any more. It’s not like Pharma just captured the FDA. Regulatory capture is a real thing. Perhaps zzy should research that.

          9. RFK Jr’s The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health would be a good start with plenty of citations for further exploration.

          10. I can’t wait for the lawsuits.

            The pharmaceutical companies are immune from liability unless fraud can be proven. Insurance companies are just noticing the dramatic uptick in death and disability claims. They have the most incentive, and more importantly the deep pockets, to go after the pharmaceutical industry to recoup their losses.

          11. So what is my advise and the advise that was and is the SOP everywhere?

            If you’re going to lecture us, at least get the spelling correct. It’s advice, the noun. Advise is a verb.

  28. The Financial Times
    Ghislaine Maxwell
    Ghislaine Maxwell sentenced to 20 years for aiding Jeffrey Epstein’s abuse
    Prison term caps dramatic downfall of British socialite who was a fixture of disgraced financier’s inner circle for years
    Ghislaine Maxwell and Jeffrey Epstein together in a picture provided by US prosecutors
    An undated picture of Jeffrey Epstein and Ghislaine Maxwell provided by US prosecutors. Maxwell’s lawyers have argued she was a scapegoat for her former associate’s crimes
    Joshua Chaffin in New York 7 hours ago

    A New York judge has sentenced Ghislaine Maxwell to 20 years in prison after she was convicted for her years-long role helping to lure and groom underage girls for the late sex offender Jeffrey Epstein to abuse.

    Judge Alison Nathan announced the sentence on Tuesday in a federal courthouse in Manhattan. Prosecutors had sought a minimum 30-year sentence for Maxwell, 60, calling her conduct “shockingly predatory” in a recent court filing, and accusing her of treating vulnerable girls as “disposable objects”.

    Maxwell’s lawyers, by contrast, had urged a term “well below” the 20 years that sentencing officials had recommended, restating an argument from her trial that she was being made a scapegoat for Epstein’s actions.

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