People Do Realize That That Was A False Sense Of Reality
It’s Friday desk clearing time for this blogger. “‘Existing home sales have fallen off a cliff,’ Lu Liu, a professor at the Wharton School at the University of Pennsylvania, told ABC News.”
“‘I tell every one of my sellers to have an open mind and put on their buyer’s hat. Nine times out of 10, buyers are asking for a concession in their initial offer right now–and usually the seller needs to accept it to seal the deal,’ Shauna Pendleton, a Redfin Premier agent in Boise, said in a statement. ‘The most common concession buyers are asking for is a mortgage-rate buydown. Requests for sellers to cover the closing costs are also common. I most often see buyers ask for concessions for more affordable homes–anything under $500,000 here in Boise–but I see some concessions on expensive homes, too.'”
“Home sales in Alabama continue decreasing, although the average sales price is lower. The Alabama Association of Realtors released a new report for January 2024, and it showed home sales were down 42% in January 2024 compared to the previous January. The average sales price in January 2024 was just under $221,000, a 10.5% decrease from January 2023.”
“Pending sales are a leading indicator of housing activity based on signed contracts for existing single-family homes and condominium sales in the region monitored by the Northeast Tennessee Association of Realtors. Sellers reduced their original list price on 35% of the homes that sold last month. Of those that sold 41% saw a price reduction during negotiations. The average reduction was $20,000. The typical reduction was $9,900. The median listing price last month was $299,999. The mid-month median sales price was $239,000.”
“A lack of inventory, particularly a dearth of affordable homes, dominated the conversation last week during a panel held at Page at 63 Main in Sag Harbor. ‘We’re seeing tons of new listings right now, which is great for our market. If things are priced well, if it’s compelling, it’s still selling very quickly,’ said Dana Trotter, the managing partner of The Agency Hamptons. She added that pricing homes is difficult for brokers right now, because sellers still want to put ‘really lofty numbers’ on their properties. In some cases, there are comparable sales that support those prices, she said, ‘but there’s just not the same kind of demand.’ As for rebuilding the inventory, she said that now there are six or eight new listings coming on the market daily. ‘That’s a lot.’”
“Today, the average 30-year fixed-rate mortgage is around 7 percent, give or take, and barring another nationwide shutdown or severe recession, it is not expected to drop back into the 3s. ‘People do realize that that was a false sense of reality,’ Trotter said of the ultra-low rates seen during the height of the pandemic. ‘The rates never should have been that low. I think once rates come down in the 5s again, people will start to trade. Even 5 is incredibly historically low.'”
“A local homebuilder that switched course in the past few years to focus on multifamily development is set to sell off four area properties along with assets in three other states as part of its bankruptcy process. Harbor Custom Development, which relocated its headquarters from Gig Harbor to Tacoma in 2022, announced late Friday that it plans to ‘continue to wind down its operations and voluntarily liquidate all of its assets through an approved Chapter 11 Plan.’ It added, ‘Subject to approval of the Bankruptcy Court, the company now intends to complete an orderly wind-down of its business, including sales of its remaining assets in Washington, California, Florida and Texas, to maximize any potential recovery for the company’s creditors.’ In a final blow, the company said in its release that it ‘believes it is unlikely that the liquidation process will result in any material return to its equity shareholders.'”
“It was a turbulent 2023 for the commercial real estate market, and Central Valley farmland was no exception. Another challenge this year was low almond prices. In 2022, tree nut prices fell to their lowest levels in at least two decades, according to the U.S. Department of Agriculture. Almonds sold for $1.10 per pound that year, down from a peak of $4 in 2014. Sullivan Grosz, ag division president for Pearson Realty in Fresno noted a significant influx last year of distressed sales across various commodities. Large properties — including nuts, table grapes and stone fruit — hit the market, signaling a shift from previous years.”
“One particular portfolio of note has hit the market with the collapse of bankrupt stone fruit giant Prima Wawona. Pearson Realty is marketing nearly 14,000 acres of land with a total list price of $370 million in southeastern and west Fresno County — an offering Pearson Realty Senior Vice Presiden Dan Kevorkian said was ‘once in a lifetime.’ Just this week, private equity-owned almond grower Trinitas Farming filed for Chapter 11 bankruptcy protection with about $188 million in debt and 17 ranches covering 7,856 acres including Fresno and Tulare counties. Situations such as what happened to Prima Wawona, with the giant collapsing under the leadership of a private equity fund, have revealed weaknesses in long-term holding capability.”
“When Sprout Mortgage filed for bankruptcy it was not driven only by market conditions, but allegations that CEO Michael Strauss siphoned off millions of dollars for himself and his family, according to a recent court filing. A trustee for Sprout Mortgage reported to the bankruptcy court that millions of dollars were transferred to holding companies and then back to Strauss, his wife, and daughter. The Non-QM lender, according to insiders, abruptly ended negotiations with Citibank for financing that would have saved the company in 2022. The company was averaging $380 million a month in loan volume when it shut down. A former wholesale account executive told NMP that the company was trying to sell off $190 million in loans, but was able to sell only $90 million. ‘Wall Street wasn’t buying up Non-QM loans,’ the account executive said.”
“Sunterra Custom Homes is owned and operated by Ranbir Nahal, allegedly also known as Ranvir Nahal, and is based in Vernon. But the company and Nahal have recently been hit with multiple court filings from homeowners and businesses spanning from the North Okanagan to Osoyoos, alleging hundreds of thousands of dollars of unpaid debt and unfinished work. Wendy Richmond broke ground on her Osoyoos house in November 2020. ‘Towards the end, we could tell that Sunterra was stealing from Peter to pay Paul because we paid invoices and then months and months later we’re getting calls from the [trades companies] saying this invoice isn’t paid and we’re gonna put a lien on your house,’ she claimed. Richmond estimates she is now $1M over budget on the home and out at least $75K from money she claims was paid to Nahal, but not paid to the contracted companies.”
“Another construction company has also placed a lien on her home, after not seeing payment for their services. Richmond provided the invoices for completing that payment as well, even though the company is still claiming to be owed $11.5K from Sunterra. ‘Sunterra keeps sending us cursed gifts from the grave. We are struggling to get even the smallest items completed, as the trades that were stiffed are all quite pissed off and have no one to take it out on.’ Another Osoyoos-area homeowner, Lloyd Lockhart, said he last met with Nahal on Jan. 4, 2024, and then two or three days later, noticed communication was cut off with no return phone calls. ‘We have paid him for a lot of the work, for the electrician and plumber and all that and I think a lot of them have not got paid so he’s just taken off with the money,’ he claimed.”
“Customers of an Ayrshire trader say they feel ripped off after paying tens of thousands for building works that were not completed. Russell McMaster, who traded as Alex McMaster Builders and VJL Builders, was paid at least £220,000 for seven home renovation contracts over two years. But his clients said the works were left largely unfinished and have called for him to be prosecuted. Chris Jardine sleeps in a bedroom which looks more like a building site after the tradesman he hired took his money and never finished the work. The 46-year-old can see the frost on his breath when he wakes up on a mattress on the floor of his unfinished loft conversion in Bridge of Weir, Renfrewshire.”
“Grant Kilpatrick, 53, said he hired VJL Builders in July 2022. Mr Kilpatrick reported the matter to Police Scotland but was told it was a ‘civil matter.’ ‘I think he should be prosecuted. He’s stealing people’s money, he’s causing misery for people, he’s putting people in financial hardship, emotional hardship – it puts a big strain on people,’ he said.”
“Rental prices for office space in Israel plunged by 16 percent last year, as tech firms — global and local — have been downsizing and driving up the supply of commercial property. Prices for office space surged in these boom years, with developers initiating new and ever more luxurious projects for their clients, propelled by the lowest-ever interest rates and sky-high demand. Then, suddenly, last year, it all came crashing down — much like the Israeli tech market, which saw investments plunge 56% to $6.7 billion in 2023 compared to the previous year, according to IVC Research Center which tracks the industry.”
“‘Demand for office space has frozen,’ said Yoram Blumenthal, the managing partner of Cushman and Wakefield Inter Israel. If the economic crisis continues because of a prolonged war which may expand to other fronts, the glut of office space that is expected to come onto the market in 2026 and 2027 – from construction started in the years of record low interest rates and the tech boom – could create a further supply and demand imbalance in city centers, he warned.”
“The number of foreclosed properties for sale in China rose at a faster pace in January, in a sign of the country’s continued economic slowdown. New listings of foreclosed properties nationwide rose 48% in January from a year earlier, compared with 37% in 2023, according to a report by real estate agency China Index Holdings published Thursday. The 100,400 properties listed for sale last month include residential, commercial and industrial real estate. China’s economic downturn has resulted in a growing number of debt-saddled property owners who are forced to sell, especially as real estate loans account for a large majority of the country’s non-performing debt.”
“For the past two years, distressed pricing has allowed homebuyers and companies to snag cheap residences, warehouses and land. Foreclosed residential properties were sold at an average discount of 23% in January, China Index Holdings data showed. ‘We forecast the enthusiasm for distressed properties to heat up after Lunar New Year as the overall real estate market is forecast to be on a downward trend and discounts are expected to widen.’ the agency said in the report.”
This Post Has 98 Comments
Comments are closed.
You will own nothing
YOU will own nothing.
I KNOW! Do not remind me
This will surely help prices
Allstate is warning customers their homeowners insurance premiums could be hiked more than 55% after the insurer asked the state to approve a series of rate hikes.
Allstate broke the news to customers in an undated letter that was mailed sometime after its most recent request to regulators.
It asked for an increase of 36.9% in a filing with the Department of Banking and Insurance on Feb. 14. The hike is in addition to several other increases, approved in late 2023 and early 2024, of 6.9%, 4.9% and 7.0%, it said.
https://www.nj.com/news/2024/02/homeowners-insurance-could-go-up-more-than-55-due-to-severe-weather-inflation-allstate-warns.html
How much will home insurance premiums soar as EVs charging in garages cause thousands of shacks to burn down?
If a condo garage catches fire from a parked EV, it could take several dwellings down
Allstate tore down its massive corporate campus outside of Chicago last year. I drive by it regularly. They just put their new downtown ‘HQ’ – never actually occupiers – up for sale, expected to sell for about 1/3rd they purchased it for. Rumor is they might be moving their HQ out of IL after massive expansions in other red states. Add it to the long list of companies to leave IL’s progressive utopia aka progressive dystopia. Progressive policies have a habit of making everyone want to leave. I think that’s the goal.
Allstate tore down its massive corporate campus outside of Chicago last year.
Wow, I interviewed for a job there right after it opened. I must be getting old.
I heard that they are seriously looking at Indianapolis. Is Indiana considered a redstate?
‘noted a significant influx last year of distressed sales across various commodities. Large properties — including nuts, table grapes and stone fruit — hit the market, signaling a shift from previous years’
‘One particular portfolio of note has hit the market with the collapse of bankrupt stone fruit giant Prima Wawona. Pearson Realty is marketing nearly 14,000 acres of land with a total list price of $370 million in southeastern and west Fresno County — an offering Pearson Realty Senior Vice Presiden Dan Kevorkian said was ‘once in a lifetime.’ Just this week, private equity-owned almond grower Trinitas Farming filed for Chapter 11 bankruptcy protection with about $188 million in debt and 17 ranches covering 7,856 acres including Fresno and Tulare counties. Situations such as what happened to Prima Wawona, with the giant collapsing under the leadership of a private equity fund, have revealed weaknesses in long-term holding capability’
It’s gratifying to see the bubble I covered in such detail finally pop.
‘Almonds sold for $1.10 per pound that year, down from a peak of $4 in 2014’
And what caused the global commodities bubble that peaked in 2014? China pouring 100 years of concrete in 3. QE is always an unmitigated disaster.
I’d still hate to lose 14,000 acres of peaches to pave over with yet more 8-story mixed-use condo/retail junk. Which is all they seem to be building in my area.
More taxable parcels means phat public pension benefits!
‘I tell every one of my sellers to have an open mind and put on their buyer’s hat. Nine times out of 10, buyers are asking for a concession in their initial offer right now–and usually the seller needs to accept it to seal the deal’
That’s the spirit Shauna, keep up the good work!
I want multiple love letters or you ain’t sniffing my listing.
‘Towards the end, we could tell that Sunterra was stealing from Peter to pay Paul because we paid invoices and then months and months later we’re getting calls from the [trades companies] saying this invoice isn’t paid and we’re gonna put a lien on your house’…‘We have paid him for a lot of the work, for the electrician and plumber and all that and I think a lot of them have not got paid so he’s just taken off with the money’
Pay up you fobs.
Real Journalists.
New York Post — CBS seizes confidential files of fired reporter pursuing Hunter Biden laptop story in ‘unprecedented’ move (2/22/2024):
“The acclaimed CBS reporter who was investigating the Hunter Biden laptop scandal before she was fired last week had her personal files seized by the network in an “unprecedented” move, sources told The Post on Thursday.
Catherine Herridge — who is the middle of a First Amendment case being closely watched by journalists nationwide — was among 20 CBS News staffers let go as part of a larger purge of hundreds of employees at parent company Paramount Global.
Her firing had stunned co-workers, but the network’s decision to hold on to her personal materials, along with her work laptop where she may have other confidential info, has left many staffers shaken, according to insiders.
“It’s so extraordinary,” a source familiar with the situation told The Post, noting that the files — which are presumptively now the property of CBS News — most likely contain confidential material from Herridge’s stints at both Fox and CBS.
Jonathan Turley — a legal scholar and a former CBS legal analyst who first broke the news of Herridge’s documents being seized in an opinion piece for The Hill — said the timing of the journalist’s termination raised suspicions.
“She was pursuing stories that were unwelcomed by the Biden White House and many Democratic powerhouses, including the Hur report on Joe Biden’s diminished mental capacity, the Biden corruption scandal and the Hunter Biden laptop,” Turley wrote.
https://nypost.com/2024/02/22/business/cbs-seizes-confidential-files-of-fired-reporter-pursuing-hunter-biden-laptop-story-in-unprecedented/
Note that the Post is not allowing reader comments on this article.
The New York Post, along with the UK Daily Mail, Fox News, and all of News Corp’s publications / websites are Murdoch owned, gatekeeping controlled opposition media.
And yes, the 2020 election was stolen.
ummmmmmmmm why wouldn’t her work computer be held by the company???????? Don’t keep personal files on a work computer…….. duh.
‘Today, UrbanTurf is taking a look around DC to see where home sellers are dropping their prices. With data provided by Bright MLS, we looked at neighborhoods with at least 10 homes on the market to see where prices are being cut’
https://dc.urbanturf.com/articles/blog/where_are_home_sellers_dropping_their_price_in_dc/21998
As usual this site hides the crater but you can look at the table and see what’s happening in yer sh$thole.
DC is an ungodly sh.ithole. Homeless everywhere. Drugs, crime. A great capital
Feel-good story of the day.
https://twitter.com/Fxhedgers/status/1760838218683998615
in a way that is sad, vice always had a lot of wide ranging stories no one else covered….8.8 million subs.
https://www.youtube.com/@VICENews
Styxhexenhammer666. today
https://www.youtube.com/watch?v=kmhYBP2gvF4
Dan Gilbert’s Rocket Companies on Thursday reported its first full-year loss since going public in 2020.
Rocket had a net loss of $390 million on $3.8 billion in revenue for all of 2023, compared with a profit of $700 million in 2022.
Most of that red ink appeared in the fourth quarter, when Rocket saw a $233 million net loss on $694 million in revenue.
Like other mortgage lenders, Rocket has seen a drop in business since early 2022 when mortgage rates began rising from what had been historic lows, leading to fewer home purchases and less refinancing activity.
Rocket Companies is the corporate parent of multiple Dan Gilbert businesses, the biggest being Rocket Mortgage, formerly known as Quicken Loans.
The mortgage industry is highly seasonal and Rocket Chief Financial Officer Brian Brown called the fourth quarter, which ran Oct. 1 through Dec. 31, “one of the worst quarters for mortgage origination in recent history.”
https://www.msn.com/en-us/money/companies/dan-gilberts-rocket-companies-reports-first-full-year-loss/ar-BB1iJeNN
I was told to date the rate though
To bad the rate had herpes…
Denver7 — The struggle to locate migrant children missing from US homes (2/23/2024):
“The teens are among 35 mostly Guatemalan children who have disappeared from this rural town in northern Virginia since 2017. All of them arrived in the U.S. as migrants deemed unaccompanied minors by the Office of Refugee Resettlement (ORR), the federal agency responsible for their care under the Department of Health and Human Services.
But the missing migrant children reports in Culpeper are not isolated. Following an influx of unaccompanied minors entering the U.S., thousands have disappeared from sponsors’ homes after the federal government placed them there. ORR handled 2,724 reports in 2022 — six times the number it recorded in 2020. But there is no clear local, state or federal government agency taking responsibility for searching for many of these missing children or investigating why a growing number have disappeared,the Center or Public Integrity and Scripps News have found.
HHS has declined multiple requests for interviews by Public Integrity and Scripps News. In response to questions about how the department was tracking and investigating these cases, HHS said via email that ORR’s legal custody and authority over an unaccompanied child ends when the child is released to a vetted sponsor.
“ORR has no jurisdiction over where or with whom the child lives after they have been released to a sponsor. If a child moves in with a different individual, they would not be considered a ‘sponsor’ or ‘potential sponsor’ by the ORR program, and ORR does not have a role in vetting such an individual,” the response said.
https://www.denver7.com/the-struggle-to-locate-migrant-children-missing-from-us-homes
The spirit of Jeffrey Epstein lives on.
Where are all the kids? Locked up in the globalists’ basements, because globalists gonna globe.
Globalists gonna globe.
https://rairfoundation.com/former-border-chief-reveals-he-was-ordered-flood/
FIERY: Citizen After Citizen Excoriates Chicago Mayor, City Council Over Migrants
Forbes Breaking News
1 day ago
At today’s Chicago City Council Meeting, several citizens voiced their displeasure with the leadership of the city as Chicago Mayor Brandon Johnson presided.
https://www.youtube.com/watch?v=C4qP9kB_fAc
17 minutes.
The Alabama Association of Realtors released a new report for January 2024, and it showed home sales were down 42% in January 2024 compared to the previous January.
Is that a lot?
In a final blow, the company said in its release that it ‘believes it is unlikely that the liquidation process will result in any material return to its equity shareholders.’”
Die, speculator scum.
San Diego woman is suspected mastermind of $8M retail theft ring that hit 200+ Ulta stores
Michelle Mack is accused of paying as many as 12 women for their travel expenses, as well as providing them with a list of retail stores across the country to target — including stores in 21 counties across California
According to the complaint filed by the California Attorney General on Friday, more than $300,000 worth of makeup and other products were found in Michelle and Kenneth Mack’s shared Bonsall home when a search warrant was served on Dec. 6, 2023.
“I see the justice system works slowly, but it seems to be working,” one of the Macks’ neighbors, who didn’t want to be identified, said.
Those stores include a LensCrafters in Clairemont and an Ulta store in Mira Mesa, which was one of the 231 Ulta’s hit across the country. Several Sephora stores were also targeted.
“It’s great they’re arresting them. It’s unfortunate these people got involved so young and ruined their lives. It’s not worth it,” Ulta Beauty employee Marybel Carmona said.
Bonta said that while the current losses are calculated at nearly $8 million, the investigation was ongoing and it’s possible the total loss might end up exceeding that amount.
No one answered the door at the Macks’ Bonsall home, though the dogs announced NBC 7’s arrival.
It’s said crime doesn’t pay, but the Macks are living in a multi-million dollar home, while some neighbors say they’re paying the price for their alleged crimes.
“When anyone steals, insurance goes up, price goes up and everyone suffers,” one neighbor said.
The Macks’ house is listed for sale online.
Some neighbors say they’re happy to see that, considering it’s recently been rented out for weddings and other events.
https://www.nbcbayarea.com/news/national-international/bonsall-woman-suspected-ringleader-of-8m-retail-theft-ring-hitting-200-ulta-stores/3461463/
Interesting that she was arrested and yet so many more are not. Wonder why
stealing from Ulta I understand but what is the gain from Lenscrafters? I thought they just fulfilled vision RX in-person?
Is there an expensive selection of custom frames in the lobby?
Michelle Mack
Designer frames can cost $200+. Not sure how you would fence them. Cosmetics should be easy to unload.
There’s always a market for Ulta in the part of town that has an about-to-be repossessed Lexus parked in front of the Section 8 apartment.
Richmond estimates she is now $1M over budget on the home and out at least $75K from money she claims was paid to Nahal, but not paid to the contracted companies.”
All together now, HBB posters: “But it was cheaper than renting.”
It appears that Justin Trudeau’s carbon tax is so unpopular that other Liberals won’t even say if they support it. Meanwhile, Conservative Leader Pierre Poilievre continues to ride high in the polls with his promise to axe the tax.
It wasn’t that long ago that in certain political circles a carbon tax was seen as a no-brainer. Now it’s just a loser.
Bonnie Crombie, elected as leader of the Ontario Liberals at the beginning of December, denied support for Trudeau’s tax multiple times in what can only be seen as a disastrous first week at Queen’s Park.
Crombie was asked about her position on a carbon tax at least seven times during a news conference at Queen’s Park and couldn’t give an answer or opinion beyond saying she would consult. Then she went on CTV’s Power Play and refused to answer questions about her position on a carbon tax at least nine times.
While at Queen’s Park she was being asked about a provincial tax, on CTV Crombie wouldn’t even answer questions about the federal carbon tax. Imagine that: The leader of the Liberal party in Canada’s biggest province can’t even endorse a signature policy of the federal Liberal party — the carbon tax.
There was a time when we were told you couldn’t win in Canadian politics unless you had a plan to put a price on carbon with a tax, cap-and-trade system or some other scheme. Of course, this was never true, it was just the view of the urban Laurentian Elite who populate much of the media and chattering classes.
Doug Ford handily won Ontario’s election in 2018 promising to rip up the Liberal cap-and-trade system. Jason Kenney swept to power in Alberta promising to eliminate the NDP carbon tax in that province.
There also has never been a carbon tax provincially in Saskatchewan, Manitoba, Nova Scotia, Prince Edward Island, Newfoundland and Labrador or New Brunswick.
Now, even at the federal level, the carbon tax that Trudeau still boasts of is far from popular and Poilievre is holding onto a substantial lead in the polls with his promise to axe the tax. Polling even shows that more people think the tax hurts them financially compared to those who think it benefits them – which is the government’s ongoing false message.
In short, the carbon tax, Trudeau’s signature policy, has become a political loser.
Close to 20 years ago, a friend of mine in the polling industry said that Canadians were kind of odd on environmental issues. If the economy was going well, they would say climate change and the environment were among the most important issues facing the country, but they were less interested in those issues as things got worse, as job losses mounted or prices rose.
That is what has happened here and the Trudeau Liberals — and their allies like Crombie in Ontario — haven’t realized this and still try to cling to policies that will no longer get them votes.
In fact, holding onto the idea of a carbon tax in 2024 will only drag a political party lower. Let’s hope that Trudeau and Crombie hug that carbon tax as tightly as they can.
https://www.msn.com/en-ca/news/other/lilley-carbon-tax-clear-loser-when-other-liberals-wont-defend-it/ar-BB1iJIb4
France’s Engie said on Thursday it booked a 714 million euro ($774 million) impairment charge last year as a result of issues with onshore wind turbines in the United States and a fall in some U.S. long-term energy prices.
Engie said in its annual results that the operational issue concerned wind turbines produced by Germany’s Nordex, while the price drop was in the U.S. Southwest Power Pool (SPP), which runs from Montana in the north to New Mexico in the south.
“It’s a very local issue, it’s company-related, the bulk of it is one market and one portfolio of assets … The project started a few years ago, we had to fix it and now it’s properly done,” Engie CFO Pierre-François Riolacci told analysts.
“We have one wind farm on which the Nordex turbines don’t work, so we have a rate of availability of about 30%, which is very low compared to what we should have, so it renders the operation uneconomic … We have assessed the loss of value linked to this asset, given it is not at a normal level of functioning,” Riolacci added on a separate media call.
https://www.msn.com/en-gb/money/other/france-s-engie-takes-774-million-hit-on-us-wind-turbines-price-drop/ar-BB1iI5Gr
It’s Friday. If you get paid today, look at your pay stub to see how much in federal income taxes was taken out to spend on an endless, unwinnable war.
Washington Post Editorial Board — Ukraine is at a critical moment. Does the speaker of the House see? (2/23/2024):
“As year three of its war with Russia begins, Ukraine’s forces are exhausted and depleted, ammunition supplies are running low, and the country just suffered a morale-busting defeat in Avdiivka, retreating after four months of grueling combat to defend the town. The United States had helped Ukraine beat back Russian President Vladimir Putin’s invasion, yet, at this critical moment, Congress is wavering. At stake is not just the survival of democracy in Ukraine — but the future of Europe, international peace and the United States’ credibility.”
https://archive.is/tdi4n
Credibility?
Who is “winning” this war?
The money handlers. The money counters. The money fondlers. The non-Christian practitioners of Usury.
All wars are bankers’ wars, and a reminder that Zelensky is not a Christian, or even ethnically Ukrainian.
Tucker Carlson’s latest interview with Russian President Vladimir Putin attracted a considerable number of viewers, including some US lawmakers, with about 206 million watches recorded on X.
But there’s one fairly important person who didn’t bother tuning into the interview at all: Ukrainian President Volodymyr Zelenskyy.
“I don’t have time to hear more than two hours of bullshit about us, about the world, about United States, about our relations, and this interview with a killer,” Zelenskyy told Baier in his own words and not through a translator.
During the interview with Baier, Zelenskyy continued to push for more US aid, arguing that Ukraine is in an “unfair war” as Russia fights with more artillery and manpower.
“Our artillery has a range of around 20 km because we don’t have long-range weapons,” Zelenskyy said. “Russians have an artillery range of 40 km. That’s not fair.”
https://ca.news.yahoo.com/zelenskyy-said-didnt-time-watch-021241365.html
“Our artillery has a range of around 20 km because we don’t have long-range weapons,” Zelenskyy said. “Russians have an artillery range of 40 km. That’s not fair.”
Fair? What does he think this is, a football game?
That wouldn’t be valid in a football game. They can kick farther, they are taller, it’s not fair!
The U.S. supplied M777 howitzer with the 155-mm GPS-guided munition allows highly accurate fire to 40-km against moving targets. Boris has to fire hundreds of rounds to match the effectiveness.
I wonder if Zelensky’s genocide in the Donbass before Russia intervened was “fair”.
Rivian Automotive Inc. emerged as a darling of investors — a brand with promise of bringing the “cool” factor to the once-red-hot market for electric vehicles.
But the Irvine-based company hit the brakes Wednesday, announcing a 10% cut to its workforce and lower production expectations. The news sent its stock plummeting. The 25% drop in stock price that it notched Thursday was its worst day in its history.
It’s all part of a larger reckoning for EV companies, which now face falling demand amid a shrinking pool of wealthy buyers who don’t already have an EV and lingering questions from the broader consumer market about whether EVs can truly fit into their lives and budgets.
“We’ve been living in this wave of ‘Oh, EVs are great, they’re going to continue the accelerated growth and only going to get better,’ and now it seems like they’re hitting this reality point,” said Jessica Caldwell, head of insights at Edmunds. “Mass-market buyers have less income and a lot more questions.”
https://www.aol.com/news/once-darling-ev-world-electric-022320805.html
Good luck getting parts when they go bankrupt.
agreed. I can’t even get OEM parts for my very popular & mass produced 1990’s eras Toyotas anymore.
and the Chinese parts available are often of Play Dough quality!
and the Chinese parts available are often of Play Dough quality
Junk yard parts are probably a better choice.
I saw a youtube video where a mechanic who was doing a brake job found that every refurbed caliper he could find was defective, and the price of new ones was through the roof.
“…Chinese parts available are often of Play Dough quality!…”
Chinese materials quality is often unbelievably awful.
Just buy some Chinese junk hardware at your local big box store.
Materials are soft and overall poor quality and sometimes outright dangerous. (ie broken bolts)
For a few cents more you can go to McMaster Carr or Grainger and get far superior USA made products
(ie broken bolts)
Lots of experience with this. Bolts and screws shearing with not too much force
getting parts
Do the servers at HQ need to be running for their cars to go?
“…Good luck getting parts when they go bankrupt….”
Since EV’s are essentially computers on 4 rubber tires, in addition to spare physical parts, what about software / firmware updates?
Your EV will morph into an expendable, throwaway item.
Maybe some enterprise will create an ‘open source’ vehicle with all the CAD drawings, material , manufacturing specs and firmware / software source code online in the public domain.
Something has got to give. Buyers cannot effectively be held hostage by the manufacturers. (Especially if the supplier is 3rd world)
an ‘open source’ vehicle
They could name it the Model T.
Buyers cannot effectively be held hostage by the manufacturers.
Look at most new ICE cars. The dashboards are chock full of proprietary parts and there are several proprietary computers under the hood. It’s not like these components can be refurbed after they fail. Not to mention fancy mechanical hardware like turbos. Current ICE cars will also become throwaway once you can longer find the parts for them.
Maybe some enterprise will create an ‘open source’ vehicle
Some stuff is getting so tricky to make that many automakers buy it from someone else. A lot of lesser Japanese brands buy their automatic and CVT transmissions from Nissan (JATCO).
what about software / firmware updates
FWIW, a car will probably run fine without updates.
Unless that firmware / software won’t support an [only available] updated physical repair component.
Opensource would also have the advantage to provide a mechanism to eliminate all the ‘big brother’ code. I don’t particularly like the idea that some insurance company [not to mention government] can track every parameter in my car such as speed, location, number of passengers, radio stations that you listen to, your phone, wifi traffic, the list goes on.
I’m sure .gov can regulate any “open source car” off the road. Heck, it’s next to impossible to license any non US spec car to drive. I think once they are 20 years old they are granted an exemption.
A global slowdown in electric-vehicle demand is rippling through the industry, costing jobs and leading to changes in strategic plans, layoffs and production cuts, suggesting pain in the near term could slow the transition away from gasoline-powered combustion engines.
On Thursday, German luxury carmaker Mercedes toned down expectations on EV demand and said it will update its gasoline-powered engine vehicle lineup well into the next decade.
Mercedes delayed its goal to go all-electric by 2030. Instead, it now says it will retain combustion engines in at least half of its vehicles until then. Previously, it had hedged by saying consumer demand would dictate how soon it went all-electric.
“High interest rates, moderate oil prices, and range anxiety all have conspired against EV demand. The enthusiasm of early adopters of EVs wasn’t representative of the longer-term and broader demand for these vehicles,” said Brian Jacobsen, chief economist at Annex Wealth Management, which does not own shares in any EV makers.
“We expected a reduction in demand and enthusiasm for the vehicles so we didn’t find the valuations compelling,” he added.
The pivot by Mercedes comes a day after EV startups Rivian and Lucid forecast 2024 production well below analysts’ expectations and Rivian cut its workforce by 10%. That news caused shares of Rivian and Lucid to tumble on Thursday by 27.5% and 19.5%, respectively.
The pain follows last year’s price war that drained margins and pressured many companies’ already money-losing EV operations.
“There is a host of macro-level challenges,” Rivian CEO RJ Scaringe told Reuters on Wednesday, adding that high interest rates and geopolitical risks were making consumers price-sensitive.
The situation was previously flagged by Ford, General Motors and market leader Tesla, where CEO Elon Musk’s warning in January of the market leader’s slowing pace of growth slashed $80 billion in market value in one day.
Prices for used EVs collapsed by 16.4% in January compared with a year ago, according to Manheim Used Vehicle Value index data. Even in China, the world’s largest auto market where demand for EVs has been strong, new-energy vehicle sales fell 38% in January, the first monthly drop since August 2023.
That drumbeat of bad news even has the administration of U.S. President Joe Biden set to propose a softening of limits on tailpipe emissions designed to get more Americans into EVs, sources said.
Earlier this month, Volvo Cars decided to halt investments in Polestar after the money-losing luxury EV offshoot brand missed a 2023 delivery target.
Some industry observers argue that the long-term picture of a transition to EVs remains in place despite any short-term road bumps.
“A slowdown in the growth rate from 45% to something more sustainable is not the disaster the press has been pushing. And interest rates affect all car sales, not just EVs,” said Vitaly Golomb, a Rivian investor and investment banker who focuses on mobility.
“The effect is more pronounced on more expensive vehicles of course and EVs still average higher price,” he added. “Perhaps (automakers) need to emphasize the stark difference in total cost of ownership.”
https://www.msn.com/en-ca/money/topstories/ev-sector-grapples-with-layoffs-production-cuts-and-altered-plans/ar-BB1iIBLX
Never forget. Never forgive.
https://twitter.com/WallStreetSilv/status/1760952646243115356
You are being replaced.
The Hill — Immigration world and progressives warn Biden against reported asylum crackdown (2/22/2024):
“Immigration advocates and progressives are raising alarms over reports that the Biden administration plans to use executive action to restrict asylum applications along the U.S.-Mexico border.
The reports, sourced to unnamed administration officials by a handful of media outlets, come as advocates were telegraphing a thaw in their relations with the White House after butting heads over the failed bipartisan Senate border policy bill.
“The executive actions the Biden administration is considering harken back to some of the darkest chapters of the Trump presidency — leaning on an authority his predecessor used to advance unapologetically racist, Islamophobic and blatantly unlawful attacks on immigrants and asylum seekers,” said Azadeh Erfani, senior policy analyst at the National Immigrant Justice Center.
“President Biden rightly revoked these extremist policies upon taking office. If he moves forward with the changes reported, he’d be embracing them.”
According to the reports, the executive order would use presidential authority to “suspend the entry” of foreign nationals whose presence is not in the best interest of the country.
https://thehill.com/latino/4483962-immigration-progressives-biden-asylum-crackdown-border/
Best interest of the country?
“Immigration advocates and progressives” = communist, nation-less, shape-shifting, practitioners of Usury, blood sucking parasites with allegiance to no nation, only the destruction of western Christian civilization.
Keep noticing, keep naming, once noticed and named, they scatter like cockroaches when you turn on a light. 109 times is that more than a coincidence?
6.5 tons of meth, is that a lot?
Epoch Times — CBP Siezes 6.5 Tons of Meth in Eagle Pass, Largest Seizure Made at a Port of Entry (2/23/2024):
“U.S. Customs and Border Protection (CBP) said on Thursday that it seized 6.5 tons of methamphetamine at Eagle Pass port of entry in Texas. It is the largest seizure ever made at a port of entry in a single enforcement action.
The methamphetamine had a street value of more than $117 million, according to a press release.
The CBP said that its officers conducted “a canine and non-intrusive inspection system examination” on the truck and found nearly 13,101 pounds of alleged methamphetamine.”
https://www.theepochtimes.com/us/cbp-siezes-6-5-tons-of-meth-in-eagle-pass-largest-seizure-made-at-a-port-of-entry-5593308?utm_source=partner&utm_campaign=ZeroHedge
Don’t worry, tweakers, because there’s plenty more on the way.
The unelected, illegitimate, occupation regime in the White House will guarantee that an incalculable amount of meth and fentanyl will continue flowing across the border, because globalists gonna globe.
for more affordable homes–anything under $500,000 here in Boise
a $500K loan in Boise at 7% with taxes/ins will run about $3725/ month salary of $12,420/month or about $150,000 a year.
Real affordable.
[Still another non-housing related article intruding on Ben Jones’ blog.]
China built 47GW of coal power last year and is “way off track” to meet emissions targets
https://joannenova.com.au/
If coal is a planet wrecking problem, if it really mattered, about 30 countries are beating themselves up in acts of grandiose public flagellation, while one country is wrecking the planet and nobody cares. The truth is that no one is behaving like they think CO2 is causing a crisis. All over the West everyone wears the hippie-care coat while buying the cheapest fridges, phones and fashion they can get from the global coal furnace. And China nods the nod then keeps on adding coal power plants.
Climate change: China at risk of missing its goals unless it takes drastic action to rein in coal expansion, new research finds
Eric Ng, South China Morning Post
Last year, the Chinese energy sector’s carbon dioxide emissions increased 5.2 per cent, the same as gross domestic product, highlighting a failure to rein in energy-intensive growth, they estimated.
According to the Global Coal Plant Tracker 70 gigawatts of new coal power was built around the world in 2023. Of the 107 countries they tracked, one country built 47 gigawatts. The other 106 countries combined built 22 gigawatts. The distribution of new coal plants is thus:
[A chart appears here:]
Or put another way:
[Another chart appears here:]
And this pattern has been repeated for 23 years.
This is the combined total of coal power installed around the world since the turn of the century:
[Chart:]
So the rulers of the West buy their transformers, solar panels and wind turbines from The Coal Giant, while pretending they sincerely want to reduce coal use. And the populace buy their cheap t-shirts, lemon squeezers and avocado-slicers (and their fridges and freezers). And no one in polite society suggests sanctions or boycotts. (No one suggests “checking the science” either). Everyone wants their cheap stuff.
And so the charade continues, China pretends it will reduce emissions, and the West pretends it could happen:
“Another year of rapidly rising emissions in 2023 leaves China way off track against its target of cutting carbon intensity by 18 per cent between 2021 and 2025,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air (CREA). “As a result, carbon dioxide emissions would now need to fall by 4 to 6 per cent by 2025 to hit the goal.”
And everyone pretends that it matters.
You live in a bankrupt empire in terminal decline. Keep paying those federal income taxes, cattle tax slaves.
Antiwar — $14 Billion US Aid Package For Israel Crafted To Prepare For ‘Multi-Front War,’ Not Just Gaza (2/22/2024):
“The $14 billion in additional military aid for Israel that President Biden is seeking was designed not just for operations in Gaza but also to prepare Israel for a “multi-front war,” The Times of Israel has reported.
Israel has been escalating airstrikes in Lebanon against Hezbollah, though many strikes have killed civilians. The fire across the border risks a full-blown war, and there are no signs tensions will ease anytime soon. Israeli officials have been threatening to invade if Hezbollah doesn’t move back from the Israel-Lebanon border.
US officials have acknowledged to The Washington Post that Israeli Prime Minister Benjamin Netanyahu might view war in Lebanon as key to his political survival, as polling has shown Israelis want him to step down after the current conflict.
The $14 billion is packed into the $95 billion foreign military aid bill that passed through the Senate but has yet to be brought to the House floor for a vote as Republicans are still looking for a border deal. The legislation also includes about $60 billion for Ukraine, and $4.8 billion for Taiwan and other spending in the Asia Pacific.”
https://news.antiwar.com/2024/02/22/14-billion-us-aid-package-for-israel-crafted-to-prepare-for-multi-front-war-not-just-gaza/
America Last.
That’s how these globalists roll…
Related article.
Russia Today — NATO has allowed Ukraine to attack Russia with F-16s (2/23/2024):
“Once Ukraine receives F-16 fighter jets it will be free to use them against military targets inside Russia, NATO Secretary General Jens Stoltenberg has said.
Stoltenberg’s comments were made in an interview to Radio Liberty, the US government-funded broadcaster, which is scheduled to air on Friday. According to snippets released in advance, the NATO head argued that Ukraine has the right to self-defense against Russian “aggression,” which would include “striking legitimate Russian military targets outside Ukraine.”
Russia has repeatedly warned such a deployment would be an escalation of the conflict and may even risk nuclear war, as the F-16 is capable of delivering B61 gravity bombs.
“So, if one of those planes takes off from a NATO nation – what would that be? An attack on Russia. I shall not describe what could happen next,” Dmitry Medvedev, former Russian president and deputy head of Russia’s National Security Council, said in an interview on Thursday.
https://www.rt.com/news/593023-nato-ukraine-strike-russia/
Nuclear war?
The 2024 election is cancelled.
All future elections are cancelled.
“…the F-16 is capable of delivering B61 gravity bombs.”
First, the U.S. will never give Ukraine B61 tactical nukes.
Aircraft can deliver much heavier ordinance than rocket platforms such a HIMARS. And the F-16 doesn’t have to enter Russian airspace as modern bombs have wings that enable it to glide to its target using optional trajectories.
Lizzie Marbach
@LizzieMarbach
Leftist on
@MSNBC flabbergasted that “Christian Nationalists” believe our rights come from God, not government.
Goes so far to say that those who believe this aren’t real Christians. 🙃😬
9:41 AM · Feb 23, 2024
https://x.com/LizzieMarbach/status/1761038571585053135?s=20
Tucker Carlson
@TuckerCarlson
If goons like Fani Willis and Letitia James can rig a presidential election, then obviously we’re done. But what can we do about it?
5:55 PM · Feb 22, 2024
·
https://x.com/TuckerCarlson/status/1760800383566311742?s=20
Cellphone data contradicts Fani Willis testimony
Scripps News
1 hour ago
Cellphone data obtained by Donald Trump’s legal team appears to contradict Fulton County District Attorney Fani Willis’ testimony about an alleged improper relationship with special prosecutor Nathan Wade. Willis faces allegations that the alleged affair with Wade and his appointment to the Georgia election interference case financially benefited her.
The cellphone data shows about 2,000 calls and 12,000 text messages between Wade and Willis from January to November 2021. It also reveals Wade visited Willis’ neighborhood at least 35 times in the 11 months before Willis hired him.
https://www.youtube.com/watch?v=aki19z7quz0
6 minutes.
“Cellphone data obtained by Donald Trump’s legal team appears to contradict Fulton County District Attorney Fani Willis’”
One hour of viewing Fani and her gigolo’s testimony confirmed to me that they would both make excellent Realtors.
Be careful out on the roads and keep an eye out for those unlicensed, uninsured, under the influence invaders that you may encounter but by all means, try to have a good weekend.
It’s All Right · The Impressions
https://youtu.be/A3Qh9w9Yg8A?si=YfFNulUbv49NjMkT
Illegal Alien Arrested for Killing 21-Year-Old Motorcyclist in Fatal Florida Crash
by Dan Lyman
February 23rd 2024,
The victim, a 21-year-old man, was riding northbound on a multi-lane road near Pensacola when a driver in a vehicle traveling in the same direction cut him off, WEAR News reports.
The driver “failed to safely change lanes,” colliding with the motorcyclist and knocking him into the median, according to Florida Highway Patrol.
The rider died from injuries suffered in the wreck.
“Byron Pineda, 33, was charged with driving while license suspended or revoked,” North Escambia reports.
“He was booked into Escambia County Jail late Tuesday night where records show he is also wanted by U.S. Immigration and Customs Enforcement (ICE).”
Pineda was ordered held on $250,000 bond.
https://www.infowars.com/posts/illegal-alien-arrested-for-killing-21-year-old-motorcyclist-in-fatal-florida-crash
Be careful out on the roads and keep an eye out for those unlicensed, uninsured, under the influence invaders that you may encounter but by all means, try to have a good weekend.
Don’t forget: untrained. They don’t know how to drive and due to their incompetence they get into accidents.
Oh oh!
HOA insurance premiums skyrocket across Colorado, driving up condo dues
Full story on 9News dot com
A reader sent these in:
Curiosity got the best of me and I decided to spend a few minutes with Google’s new Gemini AI. And I just have to say, holy shit, to think that this entire house of cards financial system has been built up on the back of this bullshit just blows my mind. What a giant, massive fraud this all is.
https://twitter.com/albertherne/status/1760515774337175863
German building starts collapsed by two thirds, what an increase of interest rates can do…
https://twitter.com/MichaelAArouet/status/1760285985814819047
Median home prices have finally declined from the highs of $500k
But still sit around a staggering $413.2k
Talk about affordability for the average American…
https://twitter.com/GameofTrades_/status/1759593688924074057
Median age of a homebuyer has risen from:
31 years in 1981 → 49 years in 2024
A telling sign…
https://twitter.com/GameofTrades_/status/1759654332557885474
❖ Nvidia Market Cap Surpasses Size of Canada’s Economy
Chip maker Nvidia’s latest jump in share price now gives it a market capitalization that now surpasses the size of the Canadian economy. Seasonally-adjusted real GDP for Canada, a Group of Seven economy, was C$2.349 trillion, or the equivalent of $1.74 trillion, as of 3Q. Data for 4Q data is scheduled for release next week. In Thursday morning trading, Nvidia’s market capitalization rose $238 billion to $1.925 trillion.
https://twitter.com/DeItaone/status/1760707574754680991
Extreme Greed returns to the stock market! Congrats everyone, we did it! 🥳🤑💰🫡
https://twitter.com/Barchart/status/1760771340892795367
New car prices are declining at an astounding pace:
• Ford just reduced prices on its Lightning and Mustang Mach-E (EVs)
• Mazda just reduced up to $4000 on its CX90
• Hyundai just marked down every IONIQ and Tucson
EV-centric brands are at the forefront of the declines — but with supply levels rising, nearly every brand is feeling some level of pressure.
https://twitter.com/GuyDealership/status/1760732009545003148
One does have to begin to wonder if the members of the FOMC actually comprehend modern market mechanics & are therefore underestimating the consequences of the amplified size of risk appetite they have unleashed again.
This runaway market train is going utterly against their inflation mission & before you know it markets disconnect so far from fundamentals it could eventually lead to another crash which then leads to a hard economic landing.
So far the Fed has shown itself to be utterly blind to current market dynamics, loosening financial conditions & the underlying liquidity driving it all.
But the Fed being deaf, dumb & blind to building risk that they themselves caused wouldn’t be the first time either.
Might be in their policy interest to try to cool this all down with coming speeches, but words may mean nothing as long as liquidity keeps flowing. TBD.
https://twitter.com/NorthmanTrader/status/1760756931625467929
Booming economy in Calgary right now. Job fair with 4000-5000 people and nobody is really hiring right now👇
https://twitter.com/MarketManiaCa/status/1760764224861548748
You cancelled nothing you just undemocratically (bray some more about democracy) assigned it to the taxpayers who didn’t borrow the money to buy votes from the ones who did. And you brag about this.
https://twitter.com/CliffordAsness/status/1760720498671960520
Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as bears have predicted. I expect to see the stock market a good deal higher within a few months.
Irving Fisher – 1929
https://twitter.com/MFHoz/status/1760748638777590106
The BC Government budget deficit is forecast to balloon to $7.9B in the next fiscal year, the largest in history. If there was ever a case for a second wave of inflation, this would be it.
https://twitter.com/SteveSaretsky/status/1760782532986253588
BC Government announces a home flipping tax. If a property is bought and resold within 2 years, there will be a 20% tax on profits.
https://twitter.com/SteveSaretsky/status/1760776274027696380
Mortgage rates tick up to 7.16%.
The market is realizing we’re in a higher for longer situation.
Boy oh boy how wrong folks were about Q1 24 interest rate declines.
https://twitter.com/akm515/status/1760772781040415223
A LOT of Multifamily was purchased under AGGRESSIVE assumptions.
Imagine assuming 5% increase to rent and now you’re not even getting 0%
https://twitter.com/GRomePow/status/1760769961247821965
With a total of $1.13 trillion in debt, credit card debt that moved into serious delinquency amounted to 6.4% in the fourth quarter, a 59% jump from just over 4% at the end of 2022, the New York Fed has reported
https://twitter.com/unusual_whales/status/1760643600830894217
49% of wage earners in 2022 made under $40k.
https://twitter.com/RudyHavenstein/status/1760757681122623790
They Were About to Move In When the Ocean Almost Washed Away
https://twitter.com/JuliusMiami/status/1760655339966320770
It’s official: the Fed is now $150 billion in the hole; congrats Powell & Co. – it takes a special level of incompetence to have a money printer and still lose money…
https://twitter.com/RealEJAntoni/status/1760807149825843698
Crazy.
Pelosi has now made 10 years worth of salary through her $NVDA trade.
She’s up ~$1,800,000 in just 92 days.
Her yearly salary is $175K.
That’s 10x.
https://twitter.com/PelosiTracker_/status/1760708091757383763
Nvidia Market Cap Surpasses Size of Canada’s Economy
That is going to be one spectacular crater. It’s not like they are the only firm that can make GPUs
It’s a great time to sell Nvidia. “Nobody ever lost money taking a profit.” —Bernard Baruch
ChatGPT 3.5
User
The market is realizing we’re in a higher for longer situation.
ChatGPT
It seems like there’s a growing recognition that we’re in a situation where certain conditions, like interest rates or commodity prices, will remain elevated for an extended period.
User
Would it be reasonable to suggest that rates have achieved a permanently high plateau?
ChatGPT
Suggesting that rates have reached a permanently high plateau is a bold assertion and could be risky, as economic conditions and policy dynamics are subject to change. However, it’s not uncommon for periods of prolonged stability or elevated rates to lead to such speculation.
User
How about that stock market?
ChatGPT
The stock market’s performance can be influenced by a variety of factors, including economic conditions, geopolitical events, and investor sentiment. It’s always subject to fluctuations and uncertainties, so it’s essential to monitor it with a critical eye and consider a range of perspectives before drawing conclusions.
User
Would it be reasonable to suggest that the stock market has achieved a permanently high plateau?
ChatGPT
Similar to suggesting a permanently high plateau for interest rates, proposing the same for the stock market is also a bold assertion. While the market may experience periods of prolonged growth or stability, it’s inherently dynamic and subject to various influences, including economic cycles, technological advancements, and regulatory changes. Therefore, it’s generally prudent to approach such assertions with caution and recognize the potential for shifts in market dynamics over time.
User
I will try my best to mimick your cautious approach to seeming intelligent while saying nothing from now on.
ChatGPT
Haha, it’s always wise to approach complex topics with a balanced and cautious perspective. If you have any more questions or need further clarification on anything, feel free to ask!
User
And I am glad to see you are developing a sense of humor!
ChatGPT
Thank you! I try to keep things light-hearted when I can. If there’s anything else you’d like to discuss or if you have more questions, just let me know!
ChatGPT can make mistakes. Consider checking important information.
ChatGPT
ChatGPT 3.5
User
Curiosity got the best of me and I decided to spend a few minutes with Google’s new Gemini AI. And I just have to say, holy shit, to think that this entire house of cards financial system has been built up on the back of this bullshit just blows my mind. What a giant, massive fraud this all is.
ChatGPT
It’s understandable to feel frustrated or disillusioned when realizing the complexities and potential shortcomings of financial systems. If you’d like to discuss more about your concerns or explore ways to navigate these feelings, I’m here to listen and provide any insights I can offer.
User
I truly appreciate your empathetic agreement that the AI boom is the most massive fraud-driven stock market bubble since the dot com era.
ChatGPT
While it’s true that there have been concerns raised about the valuation of some AI companies and the potential for market bubbles, it’s important to note that not all AI-related investments fall into this category. As with any investment, thorough research and due diligence are essential to making informed decisions. If you have specific questions or topics you’d like to delve into regarding AI and its impact on the stock market, feel free to share, and I’ll do my best to provide relevant insights.
User
Stop your back peddling and equivocation.
ChatGPT
I apologize if my response came across as unclear. I understand your frustration and acknowledge your perspective. If you’d like to continue discussing this topic or if there’s anything specific you’d like to address, please let me know.
User
I begin to suspect the equivocation of the AI conversation partner who lies like truth.
ChatGPT
I assure you that I’m here to provide honest and accurate information to the best of my abilities. If there’s anything specific you’d like to discuss or clarify, please feel free to let me know, and I’ll do my best to address your concerns.
User
That’s what Hecate assured Macbeth in the Scottish play.
ChatGPT
Indeed, in “Macbeth,” Hecate’s assurances to Macbeth are part of the play’s intricate web of deception and manipulation. The themes of deception and manipulation are significant throughout the play, showcasing the consequences of ambition and the corrupting influence of power.
ChatGPT can make mistakes. Consider checking important information.
ChatGPT
‘Just this week, private equity-owned almond grower Trinitas Farming filed for Chapter 11 bankruptcy protection with about $188 million in debt and 17 ranches covering 7,856 acres including Fresno and Tulare counties. Situations such as what happened to Prima Wawona, with the giant collapsing under the leadership of a private equity fund, have revealed weaknesses in long-term holding capability’
But somehow many thousands of families did this for generations. And they weren’t rich when they started.
Debt.
CR8R
There are other private equity and/or hedge funds who own the water supplied to these farms, and they are squeezing the life out of their farming customers.
Michael Burry of ‘The Big Short’ fame is one of them. 🙂
‘Another Osoyoos-area homeowner, Lloyd Lockhart, said he last met with Nahal on Jan. 4, 2024, and then two or three days later, noticed communication was cut off with no return phone calls’
When the phones go it’s over Lloyd.
BC Government announces a home flipping tax. If a property is bought and resold within 2 years, there will be a 20% tax on profits.
Will there be a 20% tax credit on all losses as that is the more likely scenario in the next few years.
Gambling losses are not tax deductible.
Who is Barack Obama’s real father?
https://www.obamasrealfather.com/
Nathan Wade’s tune.
https://youtu.be/lN-4lX0QyZc?si=avmUd8lISqi9dI_m&t=95
Is a soft landing in the bag for n y–ggGg-&gGH&&gH& GG gg&°+2222//2/0//3///67666y6666ty
DOW 30 +0.16%
S&P 500 +0.03%
NASDAQ 100 -0.37%
A recession in 2024 would burst the biggest stock bubble since the dot-com craze, sending the market down 40%, veteran strategist says
Jennifer Sor
Feb 23, 2024, 7:30 AM PST
stock market crash
Yichiro Chino/Getty Images
– A recession will hit in 2024, according to Paul Dietrich, chief investment strategist of B. Riley.
– Even a mild recession could spark as much as a 40% stock crash, Dietrich told Business Insider.
– That’s because the market is looking the most overvalued since the dot-com craze of 2001, he said.
…
https://markets.businessinsider.com/news/stocks/stock-market-outlook-recession-economy-fed-inflation-ai-bubble-crash-2024-2
Is recession risk off the table at this point, upstaged by the stock market’s endless summer of love?
Treasury yields remain inverted as investors continue to weigh risk of recession
February 21, 2024
…
https://www.usbank.com/investing/financial-perspectives/market-news/treasury-yields-invert-as-investors-weigh-risk-of-recession.html
Is recession risk off the table at this point,
I still think there is a lot of govt. money floating around, enough to put off a recession for 2024.
“I still think there is a lot of govt. money floating around, enough to put off a recession for 2024.”
Dubya ordered checks mailed to everyone, which prevented a recession during his reign, so yes, you could be right.
“If money isn’t loosened up, this sucker could go down.” —Dubya, Sept 2008.