Over-Eager Investors Who Took Advantage Of Low Interest Rates Bought Houses At A Premium Under The Impression It Was Going To Be Like That Forever
A weekend topic starting with the Los Angeles Times. “While it’s hard to predict what comes next, economists said it’s doubtful rates will fall back to 3% or below anytime soon. That’s in part because such rock-bottom rates were the result of extremely loose monetary policy during the height of the pandemic, something experts said the Federal Reserve isn’t likely to revisit even if the economy falls into recession. ‘Remember, we got to [such low rates] under the most extraordinary of conditions,’ said Keith Gumbinger, vice president of research firm HSH.com.”
From Market Watch. “An era of cheap debt that helped lift prices on hotels, office buildings and other U.S. commercial properties to dizzying new heights has ended. Borrowers thirsty for financing have watched mortgage rates roughly double in 2022 from the 3% lows. ‘You had all these large tech companies signing big new leases, which was getting the market comfortable with the idea that the office sector was going to recover over the longer term,’ said Greg Handler, head of mortgage and consumer credit at Western Asset Management.”
“Now, one of the few brights spots in the near $21 trillion commercial real-estate market has become another headwind, Handler said. ‘It raises real questions about who is going to pick up that extra square feet, and at what price.’ ‘There is an estimated $450 billion of loans that comes due in each of the next four years,’ said Rich Hill, head of real estate strategy and research at Cohen & Steers, a real assets-focused investment manager. ‘The market is having to come to the reality that the days of cheap money are gone.'”
Bisnow Boston in Massachusetts. “Leaders in Boston’s commercial real estate industry are sounding the alarm over the planned increases to the city’s linkage fees, a hike they worry could slow development and push investors away. ‘I understand why they did this, because the lab and the biotech world has really been the golden goose in the last couple years in keeping the commercial market going,’ said Greg Vasil, CEO of the Greater Boston Real Estate Board. ‘I think they missed the market. It’s not like it’s on the way up or plateaued, it’s on the way down.'”
Bisnow San Francisco in California. “Three years of remote work and hybrid offices have taken their toll on the San Francisco office market, making the formerly bustling blocks of downtown feel like another planet compared to what they were like in 2019, when offices were bursting at the seams and developers couldn’t put up new buildings fast enough. Those pre-pandemic days of 2019 seem like eons ago, rather than just three years back when a new unicorn was born seemingly every day.”
“Unicorns — companies valued at $1B or more — didn’t just dominate the real estate market in San Francisco, they set the tone for office markets across the country, setting new high-water marks and new trends for office usage and design. Large tech companies operated in a ‘growth-at-all-cost mentality,’ according to CBRE First Vice President Caroline O’Loughlin Livermore. Livermore also said for the companies that are keen on returning to the office, particularly for smaller tech companies or startups, the office leasing environment has never been better. ‘I think the opportunities for companies, the leverage has never been, frankly, more in a tenant’s favor in San Francisco. I think it’s even more aggressive than the dot-com bubble bust in 2001-2002,’ she said.”
The Palm Springs Post in California. “In October, Jim Ewing, a former Airbnb host with a property in the Coachella Valley, posted a few brief comments on Facebook. He tapped into sentiment being expressed nationwide that even came with its own hashtag — #airbnbust. ‘Has anyone seen a huge decrease in bookings over the last 3 to 4 months?’ he asked a public group for Airbnb hosts. ‘We went from at least 50% occupancy to literally 0% the last two months.’ ‘Not a single booking in September or October,’ said Ryan Babakhani, a host who uses another service. ‘It’s supposed to be the high season in desert. I’m considering cutting my losses and selling the house.'”
“Nationally, vacation rental occupancy is indeed way down, thanks to the explosion of new property listings increasing the supply. ‘The number of bookings is not down. But we have 23% more listings in the U.S. today than we had last year,’ said Jamie Lane, the vice president of research for AirDNA, a short-term rental analytics firm. ‘That means the number of bookings per available listing, or occupancy, is down pretty strongly off 2021 highs.'”
“Katie Kay Mead, the longtime owner of a vacation rental in Palm Desert and a ‘superhost ambassador’ for Airbnb, said when she looks at the short-term rental market, she sees a correction on the horizon, not a bubble about to burst. ‘Honestly, we’re trimming the fat,’ she said.”
“Some over-eager investors who took advantage of low interest rates had an unrealistic idea of how much money they could make, she said. Mead predicted that those investors may become casualties of the vacation rental business leveling out after a huge economic boon. ‘They bought houses, at a premium, in the middle of an unprecedented time for Airbnbs,’ she said, referencing record-high occupancy rates last year. ‘In the fall of last year, we were extremely busy, it was crazy. We’re not there anymore, and new hosts were under the impression it was going to be like that forever.'”
“Some new hosts put in the minimum amount of effort and still expect a huge return on investment, she said. ‘This is not passive income. This is not real estate investing. This is hospitality,’ she said. ‘The people who bought a house for cheap and filled it with IKEA furniture and called it a day? They’re going to be in trouble.'”
From WKBN. “According to RedFin Corporation, 60,000 home purchase agreements fell through in October in the U.S. That’s the highest amount since the real estate brokerage started tracking it in 2013. Cliff Freeman is a real estate agent in Texas but coaches agents all over the country. He says cold feet and buyer’s remorse can come from people letting their emotions override logic when buying a house. ‘We had many people as they got under contract, I guess they sobered up, so to speak and said, ‘Hey, I’m overpaying by this house, and I don’t think this is the right thing to do right now,’ Freeman said.”
The South China Morning Post. “With Beijing unveiling a liquidity package, dubbed as ‘three arrows,’ that offers a glimmer of hope for the bruised sector, it is unlikely that every single developer will enjoy the benefits. Some high-profile names will fall behind and some will eventually fade away. ‘Not everyone will survive, some will just die,’ said Carol Lye, associate portfolio manager with Philadelphia-headquartered Brandywine Global Investment Management. ‘Maybe 5 to 10 per cent, or more [will fold]. It really depends on how much financing they can get, particularly how much the banks are willing to lend them. It’s tough.'”
“Once developers complete offshore debt restructuring, it will be easier for them to tap onshore financing, but that may take at least one to two years, or even longer, according to Ron Thompson, managing director of global turnaround firm Alvarez & Marsal. ‘If a company is in default to its offshore creditors and is not even trying to find a solution, why would a domestic bank lend any money to this company?’ asked Thompson.”
The Globe and Mail. “Canadians have good reason to be upset with Tiff Macklem. Even Tiff Macklem says so. At the start of the year, the Bank of Canada expected inflation would be close to 2 per cent by the end of 2022. It’s roughly 7 per cent. ‘That’s a very big forecast error,’ the central bank Governor said in a year-end interview with The Globe and Mail. ‘So, yes, we have some explaining to do.’ Outside the Bank of Canada’s Ottawa headquarters, a snowstorm raged, a fitting metaphor for the kind of year the 61-year-old has had.”
“When the year began, the bank maintained a record-low policy interest rate of 0.25 per cent, and an explicit pledge to keep it there until the pandemic-battered Canadian economy had returned to full speed. It ends the year with a policy rate of 4.25 per cent, a 15-year high. In between, Mr. Macklem and his colleagues have raised interest rates seven times, as they race to cool an overheated economy in an effort to tamp down the highest inflation rate in nearly 40 years.”
“Housing values have slumped; mortgage costs have surged. Grocery prices are up 11 per cent year over year. Many households are stretched to their financial limits. The central bank has itself acknowledged that rate increases could tip the economy into recession.”
“All of this made Mr. Macklem the leading economic newsmaker of the year – and, to hear some people talk, a leading public enemy. Critics at both ends of the political spectrum have questioned Mr. Macklem’s motives and competence. He has faced accusations of acting too slowly on inflation, of irresponsibly fuelling inflation through the bank’s expansion of the money supply, of making workers and households pay the price for his mistakes with a devastating succession of rate increases.”
“Mr. Macklem isn’t alone. Central bankers around the world have faced a reckoning over how they misread the rise of inflation. And their tough response – one of the most rapid and globally synchronized monetary-policy tightening episodes on record – has drawn howls from investors and politicians alike. The question dogging Mr. Macklem and other central bankers who oversaw the runup of inflation in 2021 and 2022 is not whether their models failed, but whether their judgment did. When asked if this was the case, Mr. Macklem answered haltingly. ‘The course of history will have to decide,’ he said. ‘We’re not through this yet.'”
“Mervyn King, the former head of the Bank of England, is less charitable in his assessment of what central bankers around the world got wrong. Because QE didn’t spark inflation when central banks used it during the 2008-2009 global financial crisis, central bankers became convinced that they could control inflation simply by pledging to defend 2-per-cent inflation targets. ‘But the decisions made during the pandemic undermined that position,’ he said. ‘Why would economic agents trust central-bank forecasts that inflation will shortly return to the 2-per-cent target when it has risen to 10 per cent?'”
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‘If a company is in default to its offshore creditors and is not even trying to find a solution, why would a domestic bank lend any money to this company?’
Ron, are you saying there’s a downside to the ‘fook the gringo’ strategy?
‘This is not passive income. This is not real estate investing. This is hospitality,’ she said. ‘The people who bought a house for cheap and filled it with IKEA furniture and called it a day? They’re going to be in trouble’
Hotels have somebody that’s actually there Katie Kay. IMO these toilet scrubbers were gambling with borrowed money all along.
‘Nationally, vacation rental occupancy is indeed way down, thanks to the explosion of new property listings increasing the supply. ‘The number of bookings is not down. But we have 23% more listings in the U.S. today than we had last year’
So Jamie, yer saying they’re fooked?
Zelensky is a war criminal.
Washington Post — Rising to a historic destiny, Zelensky embodies America’s values (12/23/2022):
“This sense of destiny and chance as co-creators of a few outsized characters, of a savage lottery plucking a particular person at a particular moment to pass or fail a fiery trial — with decades and even centuries in the balance — loomed unmistakably over the stocky figure of Ukrainian President Volodymyr Zelensky during his day in Washington just before Christmas.
Perhaps that sounds too grand, too fraught. To speak in historic terms about daily events can feel frivolous, like admiring a child’s art project by saying it could hang in a museum. But all great figures start out smaller than they become. Lincoln in 1860, as he entered the forge with its licking flames, was an ungainly, uncouth, mocked and widely hated man.
On a smaller stage, in a more star-crossed nation, Zelensky is, like Lincoln, an improbable protagonist in a vast and consequential drama. This former TV comedy star saved Ukrainian independence in February with a single decision. The Russians had invaded. Assassins were hunting for him. Escape was possible, but Zelensky would have had to leave immediately.
In that moment when he decided to stand and fight, and to use his powers of communication to transmit that courage to his people and to the world, Zelensky drew a line across history. Either Ukraine will live, and the right of people to determine their futures under the rule of law will be vindicated, or Ukraine will die, and the triumphant principle will be that there is no law, only brute force.”
https://archive.vn/nRcGn
What the Washington Post means when they say “America’s values” is actually globalist values:
The Marxist destruction of Christianity.
Unlimited and unrestricted non-white immigration.
The destruction of gender roles and the nuclear family.
Rumor has it you’ve been spotted at numerous men’s clothing stores in the Greater Denver area, asking if they carry the same “strip club chic” sweatshirt worn by Zelensky during his speech to Congress.
Boca Raton, FL Housing Prices Crater 15% YOY On Plunging Demand And Soaring Housing Inventory Across US
https://www.movoto.com/boca-raton-fl/market-trends/
As one national broker commented, “If you bought a house in 2011, you’re already underwater.”
Propaganda and lies.
Washington Post — Inside the monumental, stop-start effort to arm Ukraine (12/23/2022):
“The constant tempo has evolved from choppy beginnings into precision choreography in the 10 months since Russia’s Ukraine invasion. Similar scenes are being repeated at bases and seaports up and down the East Coast as U.S. commitments surpass $20 billion in military support for a war in which the United States, at least officially, is not a participant.
“It’s all a steady flow on purpose,” Air Force Master Sgt. Christopher Mitcham said this fall as he supervised the activity in Dover. “You just understand that you’re at the mercy of what the mission needs.”
Both the mission and its needs have undergone a radical transformation since Russia’s full-scale invasion in late February, when the Biden administration provided minimal support for vastly outnumbered Ukrainian defenders. Since then, Washington has dug ever-deeper into its own arsenal and treasury to supply Kyiv with massive quantities of arms.
This week, the administration marked the historic visit to Washington by Ukrainian President Volodymyr Zelensky by announcing the transfer of a Patriot missile battery, the most sophisticated air defense system in the U.S. arsenal.
https://archive.vn/oMsgP
Russia is winning.
Tomorrow marks the birth of Christ. And Zelensky is not a Christian. He is not ethnically Ukrainian. He is a globalist parasite.
“It’s all a steady flow on purpose,” Air Force Master Sgt. Christopher Mitcham said this fall as he supervised the activity in Dover.
The slow and steady grind as Russia depletes its men and materials while exposing their weaknesses to the U.S. who is working out the kinks in their digital battlefield management strategy. Our weapon systems sell themselves these days as western countries around the planet line up to place their orders.
This is what The West winning looks like.
New York Times — Britain’s Soaring Energy Costs Strain Crisis Responders (12/24/2022):
“Across Britain this winter, more people are falling into debt and sitting in cold or damp homes as a result of rising energy bills, which have helped push the country’s inflation rate above 10 percent. This sharp increase in what is called “fuel poverty,” when 10 percent of household income is spent on energy bills, is stretching the resources of charities that provide free advice, emergency funds or resources to get access to heat and improve home energy efficiency. With limited staff and inflation-depleted resources, these groups have been hunting for more creative ways to reach vulnerable households.
“The numbers of people that are experiencing hardship now are kind of unimaginable compared to where they were even a year or so back,” said Peter Sumby, the director of communities at the nonprofit National Energy Action.
The group estimates that 6.7 million households are in fuel poverty. And in a survey published this month by the Office for National Statistics, nearly a quarter of adults said they were struggling to keep their living rooms warm recently, while a third said cutting back on their heating was harming their health or well-being.
https://archive.ph/fCkQ9
Britain is a World Economic Forum success story. This is the end goal of the globalists: incalculable human misery.
Russia Today — War of the churches: How Ukraine has become unsafe for millions of Orthodox believers (12/23/2022):
“Ukraine has never had a united Orthodox church, and the nationalist-minded part of society has long been seeking one. The canonical Ukrainian Orthodox Church of the Moscow Patriarchate (UOC-MP) has for many years been the most active denomination, but has been forced to fend off accusations of “working for Moscow” because of its formal subordination to the Russian Orthodox Church.
Immediately after the start of the military operation, the seizure of churches by force began in many regions of Ukraine. In March, armed supporters of the Orthodox Church of Ukraine (OCU), formed under the previous president, Petro Poroshenko, disrupted a service in the Pokrovsky Church of the Cherkasy region. They started a fight, attacked the priest, and dragged him out of the church. On March 7, the OCU seized the Anno-Zachatievsky Church in the Ivano-Frankovsk region. Opponents of the UOC came to the church, expelled those in attendance , calling them “parishioners of the aggressor” and changed the locks on all the doors.
Violent seizures of churches in Ukraine have become a regular occurrence. From February to August, over 250 churches across the country were seized by supporters of the OCU, according to the information and educational department of the UOC. Official statistics for the entire duration of the conflict have not been disclosed yet.
The church is also under pressure from the state. Many monasteries in Ukraine have been raided: the Kiev Pechersk Lavra, the Koretsky Holy Trinity Monastery, the Cyril and Methodius Convent. Recently, the Security Service of Ukraine (SBU) announced raids in three dioceses of the country – in the Zhytomir, Rovensk, and Transcarpathian Regions, with the Cherkasy and Volyn Regions later added to the list. The reasons cited were “counterintelligence measures,” “the fight against Russian special services,” and “the search for pro-Kremlin literature.” A prayer book, church literature in Russian or, for example, an icon of a canonized saint – the Russian Emperor Nicholas II – were all counted as evidence of anti-Ukrainian activity.
Ukrainian spooks say they are looking for “traitors of the Ukrainian people” among the clergy of the UOC of the Moscow Patriarchate. On August 5, 2022, the SBU detained a priest of the UOC, Sergey Tarasov. His daughter said that the security forces came to his house, searched him, and accused of treason. Later, his body was found in one of the Kiev morgues with a traumatic brain injury.
The highest clergy of the UOC have also come under surveillance from the Ukrainian security forces. On November 7, the SBU accused the Metropolitan of the UOC in the Vinnytsia Region of “inciting religious discord and insulting the feelings of citizens.” And on December 2, it said it suspected the Metropolitan of the Kirovograd diocese of the UOC of “pro-Kremlin” views. The names of the metropolitans have not been disclosed despite their high rank.
https://www.rt.com/russia/568614-war-and-churches-in-ukraine/
Look at how greasy Zelensky’s complexion is.
Look at the hatred in his eyes.
The West “winning” means the extermination of Christianity. Zelensky is a servant of Satan.
BTW keep paying those federal income taxes, slaves.
You’ll never be seen as anything more than cattle to these globalists.
“A wise man proportions his beliefs to the evidence.” —David Hume
Propaganda and lies.
The Hill — Biden, Zelensky send warning to a defiant Putin (12/23/2022):
“President Biden and Ukrainian President Volodymyr Zelensky’s Washington meeting was covered worldwide, but the leaders also had an audience of one: Russian President Vladimir Putin.
The side by side at the White House and Zelensky’s address to Congress came amid warnings from Kyiv that Russia is planning to renew a ground offensive during the winter months.
The visit sought to shore up American support for Ukraine to effectively meet Russia on the battlefield.”
Fact check: there is no “American support” for Ukraine outside of the Beltway. None. Zero.
“The expectation is that the 10-month war will continue far into the future, with references to peace or a negotiated solution largely addressed as an afterthought.
Biden committed to help Ukraine “as long as it takes.”
“We both want this war to end … it could end today if Putin had any dignity at all and did the right thing and just pulled out,” Biden said. “But that’s not going to happen.”
“You said, ‘What’s going to happen after Patriots are installed?’ After that, we will send another signal to President Biden that we would like to get more Patriots,” Zelensky said, responding to a reporter’s question and referencing the highly coveted advanced aerial defense systems being provided by the U.S.
https://thehill.com/policy/international/3786717-with-white-house-meeting-biden-and-zelensky-send-warning-to-a-defiant-putin/
Zelensky is a parasite.
“references to peace or a negotiated solution largely addressed as an afterthought”
Globalists gonna globe.
Oh the irony, sending Patriot missiles to Ukraine, while our “woke” military is on a witch-hunt against any American patriots left in its ranks.
Apparently Slovenia has the men the US Congress lacks.
https://www.youtube.com/watch?v=oUxFwPvmxG8
Globalist scum media.
American Greatness — Big Tech Giants Staffed by Numerous Ex-FBI, CIA Officials (12/23/2022):
“As reported by the New York Post, there are at least 8 former FBI agents currently working for Twitter, in the divisions dedicated to “trust” and “security.” One such example is Greg Anderson, the product policy manager who used to work for the National Security Council, with a focus in “psychological operations.” The co-lead of Twitter’s “Trust and Safety department,” Matthew Williams, had worked for the FBI for over 15 years.
Facebook has since also been revealed to have a similar pipeline for former intelligence agency officials to join the company. The company’s current policy manager for “misinformation” is Aaron Berman, who used to work for the CIA as a senior analytics manager. Another is Scott Stern, the current senior manager for “trust and safety risk intelligence,” who worked for the FBI for over 7 years in a job that involved “high-stakes operational determinations for complex and ambiguous overseas counterterrorism operations.”
Jim Hanson, president of the consulting firm WorldStrat, said that the trend of Big Tech companies hiring former government officials started after the election victory of President Donald Trump in 2016.
“The ones who are ideologically aligned with the woke left saw the danger of Trump and they wanted to affect that and the way they could be most influential was taking over our shared information space,” said Hanson. “And they moved to the socials. And they were successful.”
“The ability of Americans to get information that doesn’t go through a leftist lens doesn’t exist,” Hanson continued. “You cannot ask a question online that doesn’t come back to you with a leftist’s filtered answer.”
https://amgreatness.com/2022/12/23/big-tech-giants-staffed-by-numerous-ex-fbi-cia-officials/
“The ability of Americans to get information that doesn’t go through a leftist lens doesn’t exist”
Did you know that the 2020 election was stolen?
The 2020 election was stolen.
“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.” — George Orwell, ANIMAL FARM
Housing? Yes, housing, because when you buy a house your property taxes are paying to promote this in the public schools.
Reuters — Why detransitioners are crucial to the science of gender care (12/22/2022):
Note: the FAIL starts in the title, not even in the first paragraphs of this piece, because there are only two genders. “The science” what a joke.
“For years, Dr Kinnon MacKinnon, like many people in the transgender community, considered the word “regret” to be taboo.
MacKinnon, a 37-year-old transgender man and assistant professor of social work at York University here, thought it was offensive to talk about people who transitioned, later regretted their decision, and detransitioned. They were too few in number, he figured, and any attention they got reinforced to the public the false impression that transgender people were incapable of making sound decisions about their treatment.
“This doesn’t even really happen,” MacKinnon recalled thinking as he listened to an academic presentation on detransitioners in 2017. “We’re not supposed to be talking about this.”
Not supposed to be? Who decided that?
Oh wait, stop noticing.
“In the past year, MacKinnon and his team of researchers have talked to 40 detransitioners in the United States, Canada and Europe, many of them having first received gender-affirming medical treatment in their 20s or younger. Their stories have upended his assumptions.
Many have said their gender identity remained fluid well after the start of treatment, and a third of them expressed regret about their decision to transition from the gender they were assigned at birth. Some said they avoided telling their doctors about detransitioning out of embarrassment or shame. Others said their doctors were ill-equipped to help them with the process. Most often, they talked about how transitioning did not address their mental health problems.”
Did not address their mental health problems.
Did not address their mental health problems.
Did not address their mental health problems.
“I can’t think of any other examples where you’re not allowed to speak about your own healthcare experiences if you didn’t have a good outcome,” MacKinnon told Reuters.”
You’re not allowed? Not allowed by who?
Anti Defamation League?
Southern Poverty Law Center?
“In the world of gender-affirming care, as well as in the broader transgender community, few words cause more discomfort and outright anger than “detransition” and “regret.” That’s particularly true among medical practitioners in the United States and other countries who provide treatment to rising numbers of minors seeking to transition.”
It’s called Marxism.
Under Marxism, children are the property of the state.
“For this article, Reuters spoke to 17 people who began medical transition as minors and said they now regretted some or all of their transition. Many said they realized only after transitioning that they were homosexual, or they always knew they were lesbian or gay but felt, as adolescents, that it was safer or more desirable to transition to a gender that made them heterosexual.
Echoing what MacKinnon has found in his work, nearly all of these young people told Reuters that they wished their doctors or therapists had more fully discussed these complicating factors before allowing them to medically transition.”
https://www.reuters.com/investigates/special-report/usa-transyouth-outcomes/
Not supposed to be.
Not allowed.
Stop noticing.
And keep paying those property taxes, slaves.
Joe Rogan Blasts People Treating Transgenders Like a Protected Class: ‘What the F**k Are We Doing?’ (12/23/2022):
“I’m all for people being able to express themselves and live however they want, however, there was a story that I was reading — about this woman that brutally murdered and raped this woman, and about how unusual it is for a woman to brutally rape and murder another woman,” Rogan said during a Wednesday episode of The Joe Rogan Experience.
“Well, it turns out it’s not a woman. It’s a trans woman, but they have to call it a woman. So they’re saying it’s a woman,” Rogan continued. “So there’s people that are phrasing it in this woke speak.”
Joe Rogan went on to say that it is “bananas” to “phrase it that way” and say “a woman.”
“No, it was his ex. That was his ex-girlfriend that he killed, that he murdered and raped. He was a man at the time, he was dating her. Like, to say, ‘Oh, it’s so unusual for a woman to do that,’ it’s like, what kind of game are we playing?”
https://www.breitbart.com/entertainment/2022/12/23/joe-rogan-blasts-people-treating-transgenders-like-a-protected-class-what-the-fk-are-we-doing/
A comedian and MMA fight commentator asks the questions that the globalist New York Times and globalist Washington Post never will.
Globalists gonna globe.
Globalists have nothing to offer humanity but misery, death, destruction, and enslavement.
The true agenda of the enemy of the human race is out in open now , with Governments and Media acting in collusion to bring about this One World Order/Great Reset.
Covid was launched and elections were rigged, and fake news censorship conspired to get a fake vaccine into the
defrauded populations of the World.
Infiltration by treasonous government Puppets that conspire to sell out sovereign State powers by Treaties with
corrupted United Nations (WHO) …
A corrupt WHO that does the dictates of the WEF, the CCP, and guys like Bill Gates that directly funds the CCP.
This group of unelected Entities , 1000 International Mega Monopoly Corporations , Billionaire Elites, the Money systems, and China , are taking over by using the United Nations to destroy current systems under the fraud of World Health Response and Climate Change fraud response.
Joe Biden is that hideous traitor to US that plans to sign a Treaty with the WHO in Jan of 2023, that will give the WHO the power to supersede all US laws and Constitution and dictate lockdowns, masks, mandated vaccines, and deployment of forces to enforce dictates, including imprisonment or camps.
I don’t know, call your representative and demand that Biden doesn’t sell out the US to the WHO and the New World Order by a bogus treaty with the enemy.
“He says cold feet and buyer’s remorse can come from people letting their emotions override logic when buying a house.”
Now this is hilarious. Think you got you got it backwards here Cliff. This is classic realtor speak right here.
Off Guardian — Jesus would be branded a “domestic terrorist” today (12/24/2022):
“What if, instead of being born into the Roman police state, Jesus had been born at this moment in time? What kind of reception would Jesus and his family be given? Would we recognize the Christ child’s humanity, let alone his divinity? Would we treat him any differently than he was treated by the Roman Empire?
The modern-day church has largely shied away from applying Jesus’ teachings to modern problems such as war, poverty, immigration, etc., but thankfully there have been individuals throughout history who ask themselves and the world: what would Jesus do.
What would Jesus—the baby born in Bethlehem who grew into an itinerant preacher and revolutionary activist, who not only died challenging the police state of his day (namely, the Roman Empire) but spent his adult life speaking truth to power, challenging the status quo of his day, and pushing back against the abuses of the Roman Empire—do about the injustices of our modern age.
Jesus—the revered preacher, teacher, radical and prophet—was born into a police state not unlike the growing menace of the American police state. When he grew up, he had powerful, profound things to say, things that would change how we view people, alter government policies and change the world. “Blessed are the merciful,” “Blessed are the peacemakers,” and “Love your enemies” are just a few examples of his most profound and revolutionary teachings.
When confronted by those in authority, Jesus did not shy away from speaking truth to power. Indeed, his teachings undermined the political and religious establishment of his day. It cost him his life. He was eventually crucified as a warning to others not to challenge the powers-that-be.
Can you imagine what Jesus’ life would have been like if, instead of being born into the Roman police state, he had been born and raised in the American police state.
Had Jesus been born in the era of the America police state, rather than traveling to Bethlehem for a census, Jesus’ parents would have been mailed a 28-page American Community Survey, a mandatory government questionnaire documenting their habits, household inhabitants, work schedule, how many toilets are in your home, etc. The penalty for not responding to this invasive survey can go as high as $5,000.
Instead of being born in a manger, Jesus might have been born at home. Rather than wise men and shepherds bringing gifts, however, the baby’s parents might have been forced to ward off visits from state social workers intent on prosecuting them for the home birth. One couple in Washington had all three of their children removed after social services objected to the two youngest being birthed in an unassisted home delivery.
Had Jesus been born in a hospital, his blood and DNA would have been taken without his parents’ knowledge or consent and entered into a government biobank. While most states require newborn screening, a growing number are holding onto that genetic material long-term for research, analysis and purposes yet to be disclosed.
From the time he was old enough to attend school, Jesus would have been drilled in lessons of compliance and obedience to government authorities, while learning little about his own rights. Had he been daring enough to speak out against injustice while still in school, he might have found himself tasered or beaten by a school resource officer, or at the very least suspended under a school zero tolerance policy that punishes minor infractions as harshly as more serious offenses.
Had Jesus disappeared for a few hours let alone days as a 12-year-old, his parents would have been handcuffed, arrested and jailed for parental negligence. Parents across the country have been arrested for far less “offenses” such as allowing their children to walk to the park unaccompanied and play in their front yard alone.
Rather than disappearing from the history books from his early teenaged years to adulthood, Jesus’ movements and personal data—including his biometrics—would have been documented, tracked, monitored and filed by governmental agencies and corporations such as Google and Microsoft. Incredibly, 95 percent of school districts share their student records with outside companies that are contracted to manage data, which they then use to market products to us.
From the moment Jesus made contact with an “extremist” such as John the Baptist, he would have been flagged for surveillance because of his association with a prominent activist, peaceful or otherwise. Since 9/11, the FBI has actively carried out surveillance and intelligence-gathering operations on a broad range of activist groups, from animal rights groups to poverty relief, anti-war groups and other such “extremist” organizations.
Jesus’ anti-government views would certainly have resulted in him being labeled a domestic extremist. Law enforcement agencies are being trained to recognize signs of anti-government extremism during interactions with potential extremists who share a “belief in the approaching collapse of government and the economy.
While traveling from community to community, Jesus might have been reported to government officials as “suspicious” under the Department of Homeland Security’s “See Something, Say Something” programs.
Rather than being permitted to live as an itinerant preacher, Jesus might have found himself threatened with arrest for daring to live off the grid or sleeping outside. In fact, the number of cities that have resorted to criminalizing homelessness by enacting bans on camping, sleeping in vehicles, loitering and begging in public has doubled.
Viewed by the government as a dissident and a potential threat to its power, Jesus might have had government spies planted among his followers to monitor his activities, report on his movements, and entrap him into breaking the law. Such Judases today—called informants—often receive hefty paychecks from the government for their treachery.
Had Jesus used the internet to spread his radical message of peace and love, he might have found his blog posts infiltrated by government spies attempting to undermine his integrity, discredit him or plant incriminating information online about him. At the very least, he would have had his website hacked and his email monitored.
Had Jesus attempted to feed large crowds of people, he would have been threatened with arrest for violating various ordinances prohibiting the distribution of food without a permit. Florida officials arrested a 90-year-old man for feeding the homeless on a public beach.
Had Jesus spoken publicly about his 40 days in the desert and his conversations with the devil, he might have been labeled mentally ill and detained in a psych ward against his will for a mandatory involuntary psychiatric hold with no access to family or friends. One Virginia man was arrested, strip searched, handcuffed to a table, diagnosed as having “mental health issues,” and locked up for five days in a mental health facility against his will apparently because of his slurred speech and unsteady gait.
Had anyone reported Jesus to the police as being potentially dangerous, he might have found himself confronted—and killed—by police officers for whom any perceived act of non-compliance (a twitch, a question, a frown) can result in them shooting first and asking questions later.
Rather than having armed guards capture Jesus in a public place, government officials would have ordered that a SWAT team carry out a raid on Jesus and his followers, complete with flash-bang grenades and military equipment.
Instead of being detained by Roman guards, Jesus might have been made to “disappear” into a secret government detention center where he would have been interrogated, tortured and subjected to all manner of abuses.
Charged with treason and labeled a domestic terrorist, Jesus might have been sentenced to a life-term in a private prison where he would have been forced to provide slave labor for corporations or put to death by way of the electric chair or a lethal mixture of drugs.”
https://off-guardian.org/2022/12/24/jesus-would-be-branded-a-domestic-terrorist-today/
Embrace Christ.
Reject globalism.
Here’s a thought. Would’ve Jesus had anything to do with today’s politics, either right or left?
John 18:36
John 6:15
What would Jesus—the baby born in Bethlehem who grew into an itinerant preacher and revolutionary activist, who not only died challenging the police state of his day (namely, the Roman Empire) but spent his adult life speaking truth to power, challenging the status quo of his day, and pushing back against the abuses of the Roman Empire—do about the injustices of our modern age.
Jesus rarely had encounters with the Romans. Pilate wanted to release Him. He even said “render unto Caesar that which belongs to Caesar.” when asked if Jews should pay taxes to the Empire.
His beef was with the Pharisees and Scribes. They were the ones who turned him in, claiming that He was a seditionist.
While one reason He came was to testify the truth, the main reason He came was to save you and me from our sins.
Boney M – Mary’s Boy Child (1978)
https://www.youtube.com/watch?v=X6NewtnVN2Y
‘Remember, we got to [such low rates] under the most extraordinary of conditions,’ said Keith Gumbinger, vice president of research firm HSH.com.”
No, we had the Keynesian fraudsters at the criminal private banking cartel known as the Fed doing what they’ve always done: implementing their “No Billionaire Left Behind” monetary policies.
Someone call the DNC & tell them their voter rolls are off by two.
https://fox2now.com/news/missouri/police-st-louis-co-woman-tracked-stolen-car-killed-two-men/
‘Has anyone seen a huge decrease in bookings over the last 3 to 4 months?’ he asked a public group for Airbnb hosts. ‘We went from at least 50% occupancy to literally 0% the last two months.’
Die, speculator scum.
‘That means the number of bookings per available listing, or occupancy, is down pretty strongly off 2021 highs.’”
But…but…what if these real estate mogul wanna-be’s were counting on being booked solid to generate the cash flow needed to cover the mortgages on those investment properties?
A reader sent these in:
Which central banks are experiencing losses?
Bank of Canada
The Federal Reserve
The Bank of Japan
National Bank of Belgium
The Reserve Bank of Australia
The Bank of England
Swiss National Bank
+ more
ECB is also warning of losses
2023 is going to be another wild one.
https://twitter.com/GoldTelegraph_/status/1606352905870639119
$DXY I still believe this bad boy is not finished YET. Merry Christmas…
https://twitter.com/MFHoz/status/1606290666140487681
Lisa Abramowicz
Investors yanked $42 billion from equities in the week ended Dec. 21, the biggest weekly withdrawal on record: EPFR Global Data.
https://twitter.com/lisaabramowicz1/status/1606240525266272256
Alameda’s ex-CEO, Caroline Ellison, has told a judge she hid billions in loans to FTX execs, per Reuters.
https://twitter.com/unusual_whales/status/1606358134322507777
Good news: the 30-year US mortgage rate has moved from 7.08% to 6.27% over the last 6 weeks, an 81 bps decline. Bad news: the 30-year US mortgage has moved from 3.11% to 6.27% in 2022, the largest annual increase (+316 bps) on record. (note: data goes back to 1971)
https://twitter.com/charliebilello/status/1606125750603505671
Stanford is listed as an owner of the house pledged for SBF’s $250MM bond. So is Stanford partially responsible for his bail? 🤔
https://twitter.com/GRDecter/status/1606317298674982915
US home sales are quickly approaching the March 2020 low
https://twitter.com/GRDecter/status/1606348615126900736
Imagine being in your prime home buying years while the older generations ride this wave of @federalreserve
subsidy, knowing you won’t have the income to buy at the pace of inflation. THAT is the crime in all of this. We have clamped household formation with our own greed.
https://twitter.com/windgineering/status/1606321257980387328
Years worth of gains wiped out on some quality names:
$AMZN at 2018 levels
$PYPL at 2017 levels
$TWLO at 2018 levels
$CRWD at 2020 levels
$ROKU at 2018 levels
$SHOP at 2019 levels
$SQ at 2018 levels
$DOCU at 2018 levels
$OKTA at 2018 levels
https://twitter.com/rhemrajani9/status/1606309180591202304
CarDealershipGuy
Used car dealers will shutdown in 2023 at the fastest pace since 2009
https://twitter.com/GuyDealership/status/1606353857281392653
Tesla crushed in Consumer Reports reliability rankings, found to be one of the most unreliable brands in America.
https://twitter.com/MikeSington/status/1605947630634250242
Year-over-year, the median price of single-family houses in San Francisco plunged by 21%, the sixth month in a row of year-over-year declines. It was the biggest year-over-year plunge since the peak of Housing Bust 🚨
https://twitter.com/WallStreetSilv/status/1606307679760023552
Sounds good in canada for 2023 new normal
https://twitter.com/AlessioUrban/status/1606372419886845973
I am from Canada and things here are risky. Variable rate mortgage payment getting spiked by at least 10%.
https://twitter.com/NayaySharma/status/1606373436217036809
When governments do “QE”…
https://twitter.com/AlessioUrban/status/1606412467659218948
UK banks are flagged due to its exposure to the housing bubble. £1.x trillion in mortgage debt at least. Multiples of SBF/FTX lol.
https://twitter.com/drsparwaga/status/1606418679301918720
Rick Palacios Jr.
Quick look at new home sales adjusted for home builder cancellation rates. Much different story second half of 2022 as buyers started cancelling in droves.
https://twitter.com/RickPalaciosJr/status/1606311123271045120
Last five years of the real estate market in one image
https://twitter.com/NipseyHoussle/status/1606293877639593985
ira Mason
@kmasonrealtor
Your Tuesday morning wake-up call: Builder confidence declined every month in 2022, dropping 2 more points in December to its annual low of 31 on the Wells Fargo Housing Market Index (HMI). Lowest reading since 2012 (minus lockdown).
https://twitter.com/kmasonrealtor/status/1605201290077814786
U.S. 🇺🇸 EXISTING 🏡 HOME SALES
https://twitter.com/WinfieldSmart/status/1605894579487756288
Apartment Construction
https://twitter.com/WinfieldSmart/status/1605894123311046656
Auto Loan Delinquency by age
https://twitter.com/WinfieldSmart/status/1593577463040430080
AUTO 🚗 LOAN DELINQUENCY
https://twitter.com/WinfieldSmart/status/1590327241174487040
Debt managers are increasingly putting US leverage loans into two categories: expensive and distressed. The riskiest companies are already feeling the most pain
https://twitter.com/WinfieldSmart/status/1605974233699467268
Equity Put/Call Ratio Reaching Record Highs – Option casino gamblers are betting on a BIG Downturn 🔥🔥🔥 The Fed will be under incredible pressure to reverse course in 2023.
https://twitter.com/WallStreetSilv/status/1605997223908585472
Opendoor quadruplied their first half loss to $400m. Canaries in the coal mine are dropping
https://twitter.com/GRomePow/status/1455640396868952069
Not a horror movie. Downtown Edmonton at -35. But we got $100mil for bike lanes.
https://twitter.com/telecommoner/status/1605995003213398019
Nothing says “successful business mogul” like begging for Federal Reserve welfare everyday.
https://twitter.com/GRomePow/status/1606071796255494144
A house used to be a safe investment. Not anymore. Home prices are falling. Mortgages locked in last year are exceeding the value of the house and driving buyers underwater. 72% of recent buyers regret their purchase. Looks like there’s no way out 🧵
https://twitter.com/GrahamStephan/status/1605957052433666052
“Sam, come down sweetie. Time to go to court.”
https://twitter.com/dougboneparth/status/1606071004031111168
Look at the bath opendoor took here
https://twitter.com/GRomePow/status/1606082558659244034
Lance Lambert
#NEW @zillow cuts its 2023 home price forecast. Again. Zillow now projects U.S. house prices to fall -0.7% between Nov. 2022 and Nov. 2023.
https://twitter.com/NewsLambert/status/1606082641870176257
#zillow @NewsLambert
https://twitter.com/ssun5555/status/1606114473600770053
Nancy Pelosi salary: $193,400
Nancy Pelosi net worth: $196million
Mitch McConnell salary: $193,400
Mitch McConnell net worth:$54million
Like it or not, they both play for the same team.
Neither party is on your side.
They are on the side of getting themselves rich.
https://twitter.com/tyromper/status/1603392847029338115
The Kobeissi Letter
Today, SBF posted $25 million of his $250 million bail. It was just revealed that this bail was backed by his parents’ real estate properties. However, SBF bought his parents’ real estate with customer funds. FTX customers who are missing their money basically paid SBF’s bail.
https://twitter.com/KobeissiLetter/status/1606148650488533004
Why is $TSLA plunging?
@ElonMusk: “Full Self-Driving…is the difference between Tesla being worth a lot of money and being worth basically zero.” Many competitors have driverless robotaxis but after 8 years of development FSD will still run down a child in a school crosswalk:
https://twitter.com/RealDanODowd/status/1606013465126002690
$TSLA is now down 69% from all time highs.
https://twitter.com/unusual_whales/status/1605976359678775298
You never really know what’s going on inside a home, part 40994059405. Currently listed for $3,999,000 in North Woodmere, NY.
https://twitter.com/zillowgonewild/status/1606086561975586817
The Fed has never raised rates faster. We are all test subjects in a massive economic experiment
https://twitter.com/GRDecter/status/1605945570715205634
US labor market continues to perform very strongly. Weekly initial claims less than expected (again). If we think US is heading into a recession, this number’s gotta ramp up to 450,000. So far no ramp at all.
https://twitter.com/wabuffo/status/1605926798734331905
Been seeing lots of this recently, and MAN is it funny to watch
https://twitter.com/eliant_capital/status/1605996822392016896
Sam Bankman-Fried’s $250 million bail included $45B for Ukraine.
https://twitter.com/StonkKing69/status/1606014380251832320
I cannot wait to buy these longs when everyone is crying and the world is over and they are puking their 401ks and IRAs at the lows. I don’t care about timing the bottom hence why every single mega cap is making new 52 week lows while everyone has tried to be a hero calling a…
https://twitter.com/eliant_capital/status/1606133566009638913
“Quick look at new home sales adjusted for home builder cancellation rates.”
So, when they say “new home sales”, they don’t really mean sales, they mean deposits. Interesting.
Have you missed the housing bubble | Your Home Sold Guaranteed Realty
https://www.youtube.com/watch?v=xBwWuBWIaYY
18 seconds.
Home builders ‘very concerned’ real estate market is ‘not a sustainable picture’
Fox Business
Dec 23, 2022
National Association of Home Builders CEO Jerry Howard argues a less hawkish stance from the Federal Reserve and declining mortgage rates will ‘help’ markets and home construction.
https://www.youtube.com/watch?v=sImhCSBHzYk
2:45.
“National Association of Home Builders [NAHB] CEO Jerry Howard argues a less hawkish stance from the Federal Reserve and declining mortgage rates will ‘help’ markets and home construction.”
– If people would stop being delusional and accept the fact the this is Housing Bubble 2.0 bursting, as part of The Everything Bubble 1.0 bursting, then we could all move on and accept the coming realities of falling asset markets in 2023 and beyond. However, that’s not how human behavior works, as shown by history.
“It is difficult to get a man to understand something when his salary depends upon his not understanding it.” – Upton Sinclair
“Stock prices have reached what looks like a permanently high plateau.” — Irving Fisher, Professor of Economics at Yale University, October 15, 1929
https://twitter.com/MichaelAArouet/status/1605485229438894086?cxt=HHwWjIC8jeuT6scsAAAA
Michael A. Arouet @MichaelAArouet
Severity of current US housing market slump in one chart 👇 Housing activity index lower than after the burst of the subprime bubble. Ht @PkZweifel
[chart]
1:48 AM · Dec 21, 2022
https://twitter.com/WinfieldSmart/status/1605894579487756288
Win Smart, CFA
@WinfieldSmart
U.S. 🇺🇸 EXISTING
🏡 HOME SALES
[chart]
4:54 AM · Dec 22, 2022
“Without data, you’re just another person with an opinion.” – W. Edwards Deming
“If we have data, let’s look at data. If all we have are opinions, let’s go with mine.” – Jim Barksdale
“Once a boom is well started, it cannot be arrested. It can only be collapsed.” — John Kenneth Galbraith
“Participants in the speculative situation are programmed for sudden efforts at escape. Thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang. There will be occasion to see the operation of this rule frequently repeated.” – John Kenneth Galbraith
“Nations, like individuals, cannot become desperate gamblers with impunity. Punishment is sure to overtake them sooner or later.” – Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
“No man is happy without a delusion of some kind. Delusions are as necessary to our happiness as realities.” ~ Christian Nevell Bovee, 1820-1904, American Author, Lawyer
“There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises
“Panics do not destroy capital, they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works.” — John Mills (1867)
– A nation’s economy can’t be based solely on rising home equity and stonk valuations, just like one can’t get something from nothing. Goods and services of value must be manufactured or produced.
– Government doesn’t produce anything. Government only takes from the real, productive economy, causing lower growth and prosperity. If the situation is left unchanged, then eventually the parasite kills the host. Just look at any Socialist “utopia” for confirmation.
– The U.S. has moved far away from free markets to central planning and command and control economics. The outcomes should not be unexpected. History is littered with the corpses of failed Socialist states.
Christmas eve the largest Jewish singles night the Matzoball …….DJ’ing was a fun part of my weekend life so I did like 7 of these with Scott the engineer from the Howard Stern show he lived not to far from us in queens, before he moved to New Jersey.
https://matzoball.org/
I have read that Christmas is a big date night in Japan. And they celebrate by eating KFC.
“Unicorns — companies valued at $1B or more — didn’t just dominate the real estate market in San Francisco, they set the tone for office markets across the country, setting new high-water marks and new trends for office usage and design.
Unicorns were only possible – though still not viable – in a world awash in Yellen Bux funny money. If the Fed tries to turn the “stimulus” spigot back on, when the “cost of living crisis” is already on the verge of triggering social unrest, they and the oligarchs who have been the exclusive beneficiaries of the Fed’s monetary policies could be setting the stage for their own demise. Too many former sheeple are getting red-pilled, and tens of millions of others are nearing their financial breaking point.
“Katie Kay Mead, the longtime owner of a vacation rental in Palm Desert and a ‘superhost ambassador’ for Airbnb, said when she looks at the short-term rental market, she sees a correction on the horizon, not a bubble about to burst. ‘Honestly, we’re trimming the fat,’ she said.”
You keep telling yourself that, Katie. Meanwhile the real economy – as opposed to our Fed-juiced Wall Street casino – is in free-fall. But the “analysts” on the financial media channels Katie no doubt follows & trusts are still propagating the “it’s just a gully” narrative.
Central bankers around the world have faced a reckoning over how they misread the rise of inflation.
What “reckoning” have these gold collar criminals faced? Until all of them are in shackles and orange jumpsuits in front of honest judges in post-collapse tribunals, there will be no accountability or consequences for these Keynesian fraudsters and their financier oligarch accomplices.
in front of honest judges in post-collapse tribunals
Exactly, until the world collapses there won’t be any consequences for them. And the smart ones will simply vanish before that happens, with new identities and maybe even some plastic surgery to change their faces.
Don’t hold your breath.
As long as housing prices continue cratering, all is well.
Grant Pass, OR Housing Prices Crater 16% YOY As Rural South Oregon Housing Demand Plummets
https://www.movoto.com/grants-pass-or/market-trends/
Flying Pickets – Only You
https://www.youtube.com/watch?v=qgDKtLPp46s
‘It’s supposed to be the high season in desert. I’m considering cutting my losses and selling the house.’”
Chef Jonesy is preparing your Crow and CraterTater combo. Seasons greetins ….. enjoy the eatins dumb ass.
Baxter, TN Housing Prices Crater 32% YOY As Foreclosures Soar Across East Tennessee
https://www.movoto.com/baxter-tn/market-trends/
Will the stock market come back after the Souper Bowl?
Bloomberg
Traders Are Losing Hope in Stock Market After Year of Rolling Losses, Fakeouts
Lu Wang
Fri, December 23, 2022 at 1:01 PM PST·5 min read
…
https://finance.yahoo.com/news/rolling-losses-fakeouts-squeezing-hope-210156285.html
Market Insider
Why everyone thinks a recession is coming in 2023
Published Fri, Dec 23 2022 7:40 AM EST
Updated Fri, Dec 23 2022 11:55 PM EST
Patti Domm
Key Points
– Economists have penciled in a recession in their forecasts for next year, but views vary on the timing and severity.
– What they do agree on is that the Federal Reserve’s interest rate policies will be the trigger for the recession, while it was the central bank that rode to the rescue after the last two downturns.
– “Usually recessions sneak up on us. CEOs never talk about recessions,” said economist Mark Zandi of Moody’s Analytics. “Now it seems CEOs are falling over themselves to say we’re falling into a recession. … Every person on TV says recession. Every economist says recession. I’ve never seen anything like it.”
…
https://www.cnbc.com/2022/12/23/why-everyone-thinks-a-recession-is-coming-in-2023.html
The Financial Times
Yield curve
US yield curve inverts in possible recession signal
Two-year Treasury yields rise above those of the 10-year for first time since August 2019
Investors argue the inversion may not be as reliable a recession indicator this time round because the Fed’s massive bond purchases during the coronavirus crisis have distorted the yield curve
Kate Duguid in New York and Colby Smith in Washington
March 29 2022
A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity.
Two-year Treasury note yields rose above those of the 10-year for the first time since August 2019, inverting a portion of the yield curve monitored closely by Wall Street and policymakers. Inversions typically signal malaise about the economy’s long-term growth prospects and have preceded every US recession in the past 50 years.
Typically, a recession has followed in the two years after an inversion of this measure of the yield curve.
…
Breaking
What To Know About The Yield Curve—And Why It May Predict A Recession
Anthony Tellez
Forbes Staff
Dec 20, 2022, 05:01pm EST
Hands Holding Financial Section Of Newspaper, Following Treasury Yield Curve.
As fears grow over a wobbly economy, talk of the yield curve—especially when it becomes inverted—grows, because it has often been seen as a chief predictor of a recession.
…
https://www.forbes.com/sites/anthonytellez/2022/12/20/what-to-know-about-the-yield-curve-and-why-it-may-predict-a-recession/?sh=2f6c0b9f6f7d
Binance puts up a brave face even as investors pulled US$6 billion in 3 days from the world’s largest cryptocurrency exchange
– Traders withdrew US$6 billion between December 12 and 14, Binance acknowledged
– Binance would sell roughly US$530 million of FTT – the coin minted by FTX – still in its possession. The stash was valued at US$2.1 billion in November
Tracy Qu in Shanghai
Published: 10:00pm, 23 Dec, 2022
Updated: 10:00pm, 23 Dec, 2022
…
https://www.scmp.com/tech/tech-trends/article/3204404/binance-puts-brave-face-even-investors-pulled-us6-billion-3-days-worlds-largest-cryptocurrency
“US$530 million of FTT – the coin minted by FTX – still in its possession. The stash was valued at US$2.1 billion in November”
All cryptocurrency values are denominated in dollars.
1-530/2100 = 75% loss over one month, in dollars…
“US$530 million of FTT – the coin minted by FTX – still in its possession. The stash was valued at US$2.1 billion in November”
What am I missing? How could FTT be worth anything? The Company backing it is BK and who could possible want it for more than a “Novelty token?”?
“Novelty token?”
Why you could frame it, in a nice gilded frame, and hang it on the wall as a peculiar specimen.
Except it’s imaginary.
Some folks fuss so much about insanity, the grit and details of it.
Except it’s imaginary.
True but NFT’s are also imaginary but I would also call them Novelty Tokens. “Hey baby want ta come up to my place and see my NFTs/FTT Tokens.”
Why you could frame it, in a nice gilded frame, and hang it on the wall as a peculiar specimen.
I suppose that one could actually print the digits (in hexadecimal to save space) in a really small font and display it, but it would just look like random data with no discernable pattern
Heckova job, central bankers!
https://www.dailymail.co.uk/news/article-11546243/Warning-ticking-time-bomb-cost-servicing-household-debt-set-reach-125BILLION-2024.html
I’m kicked back with 3 deli platters….. because falling housing prices is all that matters.
Bellingham, WA Housing Prices Crater 14% YOY On Surging Mortgage Defaults And Soaring Inventory
https://www.movoto.com/bellingham-wa/market-trends/
As one Bellingham broker explained, “Sellers are broke. They don’t have a pot to piss in or a window to throw it out.”
Merry Christmas from Matt Taibbi:
https://twitter.com/mtaibbi
56 (as of now) new tweets today detailing the criminal FBI’s operations against American citizens.
Attorney General Merrick Garland is a domestic terrorist.
22.Especially as the election approached in 2020, the FITF/FBI overwhelmed Twitter with requests, sending lists of hundreds of problem accounts:
17. These included Facebook, Microsoft, Verizon, Reddit, even Pinterest, and many others. Industry players also held regular meetings without government.
16.The government was in constant contact not just with Twitter but with virtually every major tech firm.
12.The first Twitter executive abandoned any pretense to stealth and emailed that the employee “used to work for the CIA, so that is Elvis’s question.”
7.A chief end result was that thousands of official “reports” flowed to Twitter from all over, through the FITF and the FBI’s San Francisco field office.
6.Twitter had so much contact with so many agencies that executives lost track. Is today the DOD, and tomorrow the FBI? Is it the weekly call, or the monthly meeting? It was dizzying.
5.The operation is far bigger than the reported 80 members of the Foreign Influence Task Force (FITF), which also facilitates requests from a wide array of smaller actors – from local cops to media to state governments.
4.The files show the FBI acting as doorman to a vast program of social media surveillance and censorship, encompassing agencies across the federal government – from the State Department to the Pentagon to the CIA.
3.They must think us unambitious, if our “sole aim” is to discredit the FBI. After all, a whole range of government agencies discredit themselves in the #TwitterFiles. Why stop with one?
2.It didn’t refute allegations. Instead, it decried “conspiracy theorists” publishing “misinformation,” whose “sole aim” is to “discredit the agency.”
After weeks of “Twitter Files” reports detailing close coordination between the FBI and Twitter in moderating social media content, the Bureau issued a statement Wednesday.
The FBI was so busy at Twitter saving democracy that they were too understaffed to find any of Epstein’s cohorts or Hunter’s emails. It all makes sense now.
Despite cryptocurrency’s annus horribilis, its bullshit machine remains intact.
Here’s How High Bitcoin (BTC) Could Soar at the Top of Next Cycle, According to Crypto Analyst
Daily Hodl Staff
December 21, 2022
A widely followed cryptocurrency strategist is expressing long-term bullish sentiment for Bitcoin (BTC) as the next halving approaches.
The host of crypto YouTube channel InvestAnswers tells his 444,000 YouTube subscribers that Bitcoin could rally by nearly 380% from current levels en route to printing a new all-time high at the top of the next bull market.
“I’m sticking with a much more conservative price of $80,000 for the next cycle. That would be sometime in the year 2024.
I do believe we could hit about $61,000, $62,000 by April 2024 – and that is right at the halving of April/May 2024.”
…
https://dailyhodl.com/2022/12/21/heres-how-high-bitcoin-btc-could-soar-at-the-top-of-next-cycle-according-to-crypto-analyst/
‘Because QE didn’t spark inflation when central banks used it during the 2008-2009 global financial crisis, central bankers became convinced that they could control inflation simply by pledging to defend 2-per-cent inflation targets. ‘But the decisions made during the pandemic undermined that position’
Wink-wink, there was no inflation until recently, we promise.
Why can’t we get rid of these bums? They have destroyed the future for everybody except the most wealthy.
Why can’t we get rid of these bums?
Because they own every politician in the Uniparty?
Looks like the extreme blowback worked, at least temporarily:
IRS will delay requirement to report $600 in gig work on taxes
The IRS said it is delaying a controversial requirement by one year that would have led to more online sellers and gig workers having income reported to the nation’s tax agency.
It would have reported transfers between me and my children as income. Gig earnings until you prove otherwise. Ridiculous.
The Democrats lied about going after billionaires for unpaid taxes and pulled this. It didn’t go over well at all. Not only were regular people up in arms, but businesses like Ebay, Etsy, Poshmark, Grailed, etc. took huge drops in sales as people said “fuggetit.” That doesn’t even take into consideration the revenue drops for PayPal, Zelle, Venmo, etc. People vote with their feet.
Good points, all.
That doesn’t even take into consideration the revenue drops for PayPal, Zelle, Venmo, etc. People vote with their feet.
My understanding was that Zelle was not part of the $600 requirement.
Benzinga
Bill Gates Hit By Housing Market Swoon? Billionaire Reportedly Lists Daughter’s Apartment At Discount
Shanthi Rexaline
Sat, December 24, 2022 at 11:25 AM PST·2 min read
More evidence for the housing market downturn came this week, as a slew of housing market readings came in worse than expected. Now, there appears to be anecdotal evidence to confirm the same.
What Happened: Bill Gates has listed for sale the three-bedroom New York City apartment that he bought for his daughter Jennifer in 2018, the New York Post reported.
The twist in the tale is that the asking price is $4.75 million, a discount from the $5 million at which it was purchased.
…
https://finance.yahoo.com/news/bill-gates-hit-housing-market-192520787.html
“…the asking price is $4.75 million…”
Asking price is a nearly irrelevant metric in today’s market. You can ask whatever you want, but it is what a willing buyer will pay for the place which reveals information about the market value.
My favorite Christmas carol: Carol of the Bells. My college choral conductor, Donald Neuen, studied under and was heavily influenced by Robert Shaw.
Released on a $250 million bail?
Somebody has friends in high places.
On the other hand I would be rotting in a DC Jail had I walked through a door that was held open by a Capitol Policeman on Januaary 6 because…
https://youtu.be/mvCgSqPZ4EM
What bail amount did his ex girlfriend have to post?
Singing like a stool pigeon?
Decentralized cryptocurrency resulted in trillions of dollars in losses, both due to a collapsing Ponzi scheme plus myriad financial crimes that separated greater fools from their money.
Does it seem likely that financial regulators will continue to maintain a laissez-faire stance in 2023?
CoinDesk Market Index
Opinion
2023: The Year of Regulation vs. Decentralization
Crypto regulation remains a dark forest. In the year ahead the SEC and CFTC will likely push the boundaries of their existing authorities through novel enforcement actions, says attorney Mike Selig.
CDCROP: SEC Chair Gensler Testifies In Senate Hearing (Kevin Dietsch/Getty Images)
SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)
By Michael Selig
AccessTimeIcon
Dec 23, 2022 at 11:33 a.m. PST
Michael Selig is Counsel at Willkie Farr & Gallagher.
It has been more than a decade since Satoshi introduced the world to the peer-to-peer electronic cash system called Bitcoin, and yet the regulatory landscape for crypto-assets remains a dark forest. After one of the most eventful years in crypto to date, what can we expect from the Securities and Exchange Commission and Commodity Futures Trading Commission (crypto’s primary U.S. market regulators) in 2023?
…
https://www.coindesk.com/consensus-magazine/2022/12/23/2023-the-year-of-regulation-vs-decentralization/
I’ll be among the first to point out that, given how regulatory freedom was one of the major selling points for cryptocurrencies, the introduction of regulatory oversight into the wild, wild west of the cryptoverse may appear in retrospect as one of the death knells.