I Want To Punch A Wall, But There Are No Walls
A report from Fox 10 Phoenix. “There are a lot of questions about what President Donald Trump’s tariffs could mean for Arizona and the state’s snowbird industry. Miles Zimbaluck is a real estate agent who works with Canadians. He said lately, his clients have been doing more selling than buying. We are definitely seeing an uptick in people selling their properties,’ said Zimbaluck. ‘From January to March’ of 2024 versus January to March of 2025, we’ve seen a 700% increase in listings from Canadians, and about a 40% drop in purchases.’ Zimbaluck said part of that is the weak purchasing power of the Canadian Dollar. Politics forms the other part. ‘We have some clients who are absolutely selling purely because of political reasons,’ said Zimbaluck. ‘They don’t feel welcome here anymore. They are worried about their financial investment in the U.S., what’s going to happen.'”
“‘We know many who have sold their property, and we are contemplating whether we should or not as well,’ said Gary Wagner. Wagner is from Canada’s Alberta Province, has spent 12 winters in Apache Junction. He wants American and Canadian leaders to think about people like his family. ‘To me, they aren’t considering what the implications are down the line, and that’s what is most concerning to us is the damaging of the relationship between Americans and Canadians,’ said Wagner.”
From The Hill. “The D.C. government dropped its projection for how much the government will take in annually over the next five years, lowering its estimate by roughly $342 million because of a forecast for ‘sharp declines’ in the federal workforce. Unemployment filings also jumped for D.C., Maryland and Virginia across both February and March. ‘When people either lose jobs, or when they even just fear losing a job, they tend to cut back on spending. It’s not a time to buy a new car, or a new house, or even go on vacation or go to a restaurant. So people might be trying to beef up their emergency funds that can have a pretty significant effect on the local businesses, which then might lay off workers,’ said Julia Pollak, who is now the chief economist at the U.S. Department of Labor but who spoke to The Hill while working as the chief economist at ZipRecruiter. ‘So that’s why even a small increase in the unemployment rate can snowball quite quickly.'”
“Pollak described hiring at the national level as slow and offered a less optimistic outlook. ‘There’s kind of a skills mismatch between the jobs that are most starved for talent and the groups of workers who are likely to be starved for jobs,’ she said. ‘And then it’s probably going to be even harder for these workers because they are concentrated in specific fields and geographies. So there’ll be a glut of talent in the most relevant markets.’ She noted that while fields like nursing and skilled trades are needing more workers, sectors like nonprofits, research institutes and think tanks where some government workers might otherwise land are scaling back. ‘It’s really not something that any of these workers are expecting. It may have more of a psychological impact as a result,’ she said.”
From Bisnow. “It seemed like Prince George’s County had finally landed the massive economic development victory it had long been waiting for in the fall of 2023 when the federal government selected it as the site for a new $3.5B FBI headquarters. That plan is now likely dead after President Donald Trump announced earlier this month that his administration intends to stop the headquarters move. The reversal was a huge disappointment for a county that has historically garnered less public and private investment than its neighbors — and was hoping the headquarters would spark an economic renaissance. ‘It was what the Pentagon was to Northern Virginia,’ said David Iannucci, who until Dec. 31 led the Prince George’s County Economic Development Corp. ‘It was literally going to change the economy of Prince George’s County going ahead for generations.'”
“And this year, like the rest of the D.C. area, Prince George’s County is reeling from the federal government’s mass layoffs and budget cuts, which affect federal and contracting jobs in the suburban jurisdiction. ‘We’ve seen a lot of anxiety about it,’ Jolene Ivey, a Prince George’s County council member who until last week served as the chair of the council, told Bisnow. Along with the personal struggles she has witnessed, the depletion of wealth that comes with those job losses could put Prince George’s at risk of a housing crisis. ‘When you look at it on the county level, it’s going to have an impact on our budget,’ she said. ‘People who had these jobs are generally doing pretty well, and they have mortgages that can be significant.'”
NBC Boston in Massachusetts. “Jeff Klein walked us through the basement of his home in Boston’s Brighton neighborhood and pointed to what will eventually be a bathroom and a kitchen in the renovated space. His gaze fixated on a large pile of dirt, and he joked it will serve as a nice coffee table while watching TV. It is not exactly how Klein and his wife, Rachel Shuler, envisioned decorating the basement more than a year after construction began. ‘I feel anger and rage when I’m down here,’ Klein said. ‘I want to punch a wall, but there are no walls.’ Back in 2023, the couple applied for a City of Boston program that provides up to a $50,000 interest-free loan as gap funding to help homeowners construct accessory dwelling units, or ADUs, on their properties.”
“When construction began in January 2024, Klein said the process hummed along as crews tackled demolition and framing inside the basement. However, after providing a large progress payment, Klein said the pace of the work changed. ‘It just stopped,’ he said. ‘It was so abrupt.’ Already $78,000 into the project, Klein said a lengthy delay followed with minimal progress. He and his wife resisted handing over more money toward the $132,000 overall price tag. Before long, we connected with Nil Silva and his wife, Sarah Fisher, who also hired Incremental Developers to construct a basement ADU at their Dorchester home. ‘I feel conned and robbed,’ Silva said. The couple told a similar story about their project getting off to a promising start before progress waned and communication from the contractor grew sparser. She said they never heard from the contractor after handing over the money. ‘Just ghosted,’ Fisher said. ‘I feel overall angry and defeated that we still have no resolution to this at all.'”
The Union Tribune in California. “San Diego County’s population grew by 0.4% last year, bringing the total to 3,298,799, said the latest U.S. Census Bureau data. While the county’s natural growth from more babies being born yielded a net 12,600 new residents, it wasn’t nearly enough to make up for the almost 24,000 more people who left the county than moved in between July 2023 and July 2024. Making up for that loss — and a little more — was the county’s net gain of 24,226 immigrants, who came into the country both legally and illegally. Q: Is it good for San Diego that its population growth is being fueled largely by immigration?”
“Jamie Moraga, Franklin Revere: No: While immigration helps fill workforce gaps, the reality is birth rates are falling, and residents are leaving due to the high cost of living for housing, gas and utilities. California’s unfriendly business environment, stifling regulations and high taxes compound the issue. This population decline has been ongoing for years, with census data confirming the trend. Many are reconsidering if the ‘Sunshine Tax’ is worth it or if lower-cost states offer better quality of life.”
The San Francisco Chronicle. “The typical high-tier S.F. home was worth $1.91 million in February 2025, almost 4% higher than in February 2024. Meanwhile, low-tier home values essentially stayed flat at just over $700,000. It’s not just the San Francisco metro area. In other pricey California metros, including the San Jose, Los Angeles and San Diego areas, luxury home values have grown much faster than those of entry-level homes — and in some cases, slightly faster than mid-tier properties. Additionally, many ‘low-tier’ homes are likely condominiums, whose market is generally much weaker than those of single-family homes.”
“In the Bay Area, it’s far cheaper to rent than it is to buy a home. Layoffs, inflation concerns and other issues are also giving buyers in the lower end of the market pause, said Nigel Hughes, senior director of market analytics at CoStar. ‘The people who are considering whether they should rent or buy are people who are starting out’ as first-time buyers, he said. ‘Who’s going to be brave enough to make an investment on a house where there’s all of this going on in the economy?’ As the cost of buying a home in the Bay Area increases, lower- and middle-income residents are likely to continue leaving the region for more affordable areas, Hughes said.”
From Realtor.com. “As the spring housing market starts to gradually warm up, more homeowners are emerging from the deep freeze of the winter months to list their properties, but would-be buyers are in no hurry to get off the sidelines. New listings increased by 8.2% from the same time last year, marking the 11th consecutive week of yearly growth, according to the weekly housing trends update from Realtor.com®. But there could be some trouble ahead: Pending home sales have not seen a major increase so far in the selling season, growing only a modest 2% in February. That could signal that buyer activity may be losing some steam, according to Realtor.com economic data manager Sabrina Speianu. A look at the overall inventory for the week ending March 22 shows that the number of active listings surged 29.1% from a year ago, continuing a 72-week streak of annual gains.”
Storeys in Canada. “‘Worst February on record’ reads the headline of the Building Industry and Land Development Association’s (BILD) latest monthly stats report, which tracks how many new homes sales occurred in the Greater Toronto Area each month, amongst other metrics. And last month, new homes in the GTA sales hit unprecedented lows, with only 400 transactions recorded in February — a 50% year-over-year decrease. For context, a typical February, based on the 10-year average, would see around 2,570 new homes sales, so February’s sales are down 84% comparatively. But the weak month isn’t a one-off. Sales hit record lows multiple times in 2024, and December closed out the year with the lowest new home sales seen in 40 years.”
“‘New home sales across the GTA in February 2025 remained at rock bottom levels,’ said Edward Jegg, Research Manager at Altus Group. ‘Uncertainty related to upcoming US tariff levels have further added to the reservations buyers previously had on their minds.’ Of the 400 new homes that did sell, 248 were single-family homes, down 38% from February 2024 and 75% below the 10-year average, and 152 were condominiums, down 62% from February 2024 and 90% below the 10-year average. With sales low, listing inventory increased from 21,505 in January to 21,863 units, representing a combined inventory level of 14 months. On the price front, benchmark prices dipped for both single-family homes and condominium apartments in the GTA.”
Mothership on Thailand. “Many high-rise condominiums in Bangkok were left cracked and damaged following the Mar. 28 magnitude 8.2 earthquake that originated in Myanmar. Consumer confidence in the high-rise property sector in the capital of Thailand has been rattled as a result, following the tremors in the Thai city dominated by skyscrapers, Bangkok Post and The Nation reported. The swaying buildings seen in countless social media videos have raised anxieties about the structural integrity of high-rise residences. This is making matters worse, as Bangkok currently has ‘a substantial unsold supply’ of condo units, The Nation reported. The existing market has 458.4 billion baht (S$18 billion) of unsold condo inventory.”
“This current slump builds on an already weak period in the third quarter of 2024, when new condo sales totalled 19 billion baht (S$747.3 million), making it the lowest level in 14 years, according to the Thai Condominium Association. New sales in the second quarter of 2025 are likely to set a new low. Buyers who have purchased a condo and are scheduled for transfer will likely delay the process to first assess the safety considerations. There could be more than 50 per cent of condo buyers considering cancellations within this year.”
The Times of India. “The real estate market in Hyderabad has experienced its most severe downturn since the 2020 pandemic, recording the sharpest decrease amongst metropolitan areas, with sales and new launches both falling by half. According to the latest reports from real estate services firms Anarock and PropEquity, residential sales in the city saw a 45% to 50% decline during this period. The number of units sold decreased from 20,835 between Jan and March 2024 to 11,114 during the same period in 2025, indicating a 47% reduction. With regard to new launches, the city added 10,275 units in the Jan- March 2025 period — a yearly decline of 55% over the same period in 2024 when a total of 22,960 units were launched. ‘In fact, over 70% of the new supply was in the luxury and ultra-luxury segments, priced at over Rs 1.5 crore,’ reported Anarock property consultants.”
“Developers acknowledge the decline and attribute it to reduced interest among NRIs in real estate investments, primarily due to the ongoing crises in the US. Apart from this, there is also hesitation among local investors and buyers to purchase properties, owing to poor return on investment, say market insiders. Even job uncertainties in the IT sector have cast a shadow on real estate, they said. ‘NRIs always play a crucial role in driving the growth of real estate, particularly those earning substantial incomes in the US and UK. However, the recent economic uncertainty in America over the past two to three months has made these investors hesitant. They have adopted a wait-and-watch approach, postponing property purchases until the situation stabilises,’ said V Rajashekar Reddy, president, CREDAI Hyderabad.”
“Reiterating the uncertainty among buyers, N Praveen, president, Telangana Realtors Association said: ‘Post pandemic, real estate prices escalated sharply, reaching Rs 5,000 per sft on the outskirts. Within city limits, the rates have surged to Rs 8,000 and Rs 12,000 per sft. Given the current economic downturn affecting potential buyers, investing in property appears less viable. Additionally, the property market faces oversaturation, with available units exceeding actual demand.'”
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Realtors are liars.
Lying to clients to get them to closing would violate my integrity and ethics, said no realtor ever, anywhere.
‘‘We know many who have sold their property, and we are contemplating whether we should or not as well,’ said Gary Wagner. Wagner is from Canada’s Alberta Province, has spent 12 winters in Apache Junction. He wants American and Canadian leaders to think about people like his family. ‘To me, they aren’t considering what the implications are down the line, and that’s what is most concerning to us is the damaging of the relationship between Americans and Canadians’
I’ve got more articles from these ungrateful K-dns to post later, but this morning I decided I’ve had enough of their BS. So I’ve got a new HBB doctrine for how to handle them. While they have their arrogant elbows up, let’s kick them in the balls.
No tariffs, blockade. No trade at all. Cut them off completely and destroy their tiny economy. Mass layoffs will put their housing bubble into crash mode, foreclosures will skyrocket and we can buy their shacks for pennies on their fallen peso. Then we’ll use them to go fishing in the two and a half months it’s not a frozen wasteland and the few locals left can be glad we let them clean our fish. The rest can go get a job in Mexico.
Fun in the sun becomes ‘living nightmare’ as Ontario man faces ‘bogus’ drug charges in Dominican Republic
What had been a week of fun in the sun for a Burlington, Ont., couple this winter has turned into “a living nightmare.”
Jane Wilcox said she and David Bennett, as well as another couple, were about to board a flight in the Dominican Republic to head back home from their vacation when Bennett was pulled from a security-check line at Punta Cana International Airport and sent into an interrogation room.
After much pleading, Wilcox said, she was allowed into the interrogation room, where officers showed them a picture on a phone of a bag with a tag bearing the name “Davi — D-A-V-I — Bennett … it had the PUJ airport code on it, so it came into the Punta Cana airport.”
Wilcox told CBC Hamilton they later found out the bright yellow bag they were shown on the phone was “full of drugs.”
While the language barrier made it difficult to communicate with the officers, Wilcox said, the couple tried to explain that everything in Bennett’s itinerary — his baggage, his passport, his boarding pass — all had “David R. Bennett. [We’ve] never seen that bag before.”
“Through Google Translate, they [the officers] said because of the similarities of the names, ‘we need to detain him for further investigation,'” Wilcox said.
“So then, I just went and sat on him,” she added. “I just sat on his lap and it was kind of like, ‘I can’t go.’ By then, the other couple was texting to say they were boarding the flight.”
“Dave said, ‘You have to go. You have to go home and you have to work for me from there. You have to get me out of this mess.
“I had like $2 US left. We just had brought them for tipping and such, so I gave him my two bucks and a charger for his phone, and gave him a big kiss,” she added.
On March 8, Bennett called Wilcox around 12:30 p.m. ET.
“He said, ‘I’ve been arrested for importing illegal drugs and I’m in jail, and last night was the most horrific night of my life. But I’m OK and I need your help. I need you to get on this right away. You got to connect with our RCMP friends, you got to connect with [Burlington MP] Karina Gould’s office, you got to get a lawyer — we got to move into action.’ So that’s exactly what I did,” Wilcox said.
Bennett was held in jail for three nights and then taken to court on March 10. Wilcox said he was granted bail for $5,000 and he’s now staying at an Airbnb rental.
Bennett’s next court appearance will be “a preliminary trial,” but no date has been set, Wilcox said. In the meantime, he’s not allowed to leave the Dominican Republic, she said.
According to Wilcox, Bennett is a “strong community member” and has never been involved in drugs.
“Dave is just 100 per cent innocent. It’s just impossible to even contemplate that this would happen.”
“So, until he’s back home, we’re still in a living nightmare. It is a living nightmare — it’s kind of how I describe it all the time,” Wilcox added.
https://www.cbc.ca/news/canada/hamilton/burlington-david-bennett-drug-charges-dominican-republic-1.7498153
Never vacation in a sh!thole.
It’s even worse in Mexico. Go ahead, take yer 3 international vacations a year down there. And build an army, air-force, navy and missile defense. We’re done with you.
As bad as Mexico is (and it is really bad) I have heard that most of Central America is far worse.
I have heard that most of Central America is far worse.
I was in Panama City several times last yer and while there were protests against the Govt, and a new mining project, with tear gas being used, some right in front of my hotel, however, for the most part I was very comfortable during the day. At night, not so much.
DR, Cuba, and Mexico are three places that Canadian little feet stompers tell us they will take their devalued pesos!
Wagner is from Canada’s Alberta Province, has spent 12 winters in Apache Junction. He wants American and Canadian leaders to think about people like his family.
I’m supposed to be concerned for an upper middle class Canuck who can (could?) afford a vacation home in the US.
For all I care he can go back to iglooland with his elbows up. And Maybe winter in some third world sh!thole where he might be robbed, kidnapped or arrested by the authorities, who are expecting a bribe to let him go.
In Mexico they’ll drain all accounts a hostage has, then blackmail his family for another 20 grand or you’ll never see them again.
Then we’ll use them to go fishing in the two and a half months it’s not a frozen wasteland
They’ll cook our meals for us as well. It used to be called “The American Plan”.
It was the K-dns that decided to go this route. At first it was tariffs on ‘red states.’ Now they throw insults at us, our president, while their fat a$$e$ sit by a Florida pool. You know what, two can play that game. I’ll never buy anything made in K-da again. And I’m never spend one peso in that frozen wasteland again. Unless we buy it all up and deport the unnecessary locals.
K-Dans elected Lil Fidel’s globalist quisling government that has flooded North America with unassimilable 3rd World migrants. That isn’t just Canada’s problem: it’s ours when they start sneaking across our open northern border.
I’ve worked in Canada before, traveled there and met many Canucks abroad and one thing runs through every Canadian that I’ve met: They’re snide and extremely self-assured that they are much better than Americans. Maybe the Brits should call them next time they’re in trouble and leave us out of it.
Smug, self assured and convinced that they are the cat’s pajamas. They’re going to learn a lesson shortly courtesy of their un-elected PM. How’s that for a comeuppance eh?
‘one thing runs through every Canadian that I’ve met: They’re snide and extremely self-assured that they are much better than Americans’
I never had that impression before, but this tariff thing brought out a lot I wasn’t aware of. These statements of individuals tell us a lot. They are on vacation, or just left or cancelled. And they have increasingly spiked up the tone. They feel free to say any wild a$$ thing about President Trump. But it’s aimed at all of us. So yer right, it is a superiority complex. Which I’ve pointed out before struck me as inferiority when I drove around up there in 2001. Most surprisingly they seem to have convinced themselves they can simultaneously self-sustain their economy and defend themselves with help from europistan. Well we are at the put up or shut up point boys and girls. You talk a tough game while you still have jobs.
I think they are ridiculously easily led. It is looking like sheep led to the slaughter house.
It would be reasonable for a K-dn to say, well if this is the way things are going to be, we would have been better off if we never entered into all these ‘free trade’ deals. To which I would reply, us too. It’s destroyed our middle class. It didn’t end wars. It didn’t create a middle class in China or Mexico, so the ‘rising tide lifts all boats’ we were promised was a lie. And meanwhile the globalist scum took the opportunity to flood most of the west with immigrants. Yeah, we all would have been better off not going down that road. That’s no reason to keep it going.
That’s no reason
There’s no reason to try to save what never should have started.
Canada is a WEF colony.
They are like demorats
Best of all we can then get all self righteous and lecture them about not spoiling our special relationship. 🙂
The above comment was in regards to the first post in this thread where we buy up their houses to fish for two months out of the year, I didn’t realize it would nest way down here.
‘Best of all we can then get all self righteous and lecture them about not spoiling our special relationship. 🙂’
And fetch me a beer already.
Just make sure it’s a Molson! (even tho it’s owned by Coors)
Washington Post — Americans are spending less as they brace for new tariffs (3/31/2025):
“Consumers are increasingly anxious about the economy, and they’re curbing spending habits accordingly, data released Friday shows. Consumer spending inched up by 0.1 percent in February, after adjusting for inflation, following a 0.6 percent drop the month before, according to government figures. Meanwhile, the personal savings rate — or how much of their incomes people set aside — rose to 4.6 percent.
A separate survey released by the University of Michigan, meanwhile, showed that Americans’ views on the economy fell for a third straight month, to the lowest level since 2022, as households and businesses prepare for a wave of higher prices once new tariffs go into effect this week.
Strikingly, economists say Americans of all income levels, including the wealthiest, are rethinking their spending — in what could be a pivotal warning. The drop-off in consumer spending is expected to drag down economic growth in the first three months of the year, with many economists now forecasting a contraction after years of consistent growth.
But a recent slide in stock prices, combined with a burgeoning trade war, is causing even those well-heeled shoppers to think twice before booking vacations and snapping up designer watches. The forces driving Americans’ recent wealth gains “are under considerable risk of slowing or reversing,” Mark Zandi, chief economist at Moody’s Analytics, wrote in a February report.”
https://archive.ph/CPPW0
“This sucker could go down” — George W. Bush
‘A look at the overall inventory for the week ending March 22 shows that the number of active listings surged 29.1% from a year ago, continuing a 72-week streak of annual gains’
Wa happened to my shortage Sabrina?
‘We’ve seen a lot of anxiety about it’…Along with the personal struggles she has witnessed, the depletion of wealth that comes with those job losses could put Prince George’s at risk of a housing crisis. ‘When you look at it on the county level, it’s going to have an impact on our budget,’ she said. ‘People who had these jobs are generally doing pretty well, and they have mortgages that can be significant’
Gosh Jolene, I hope no one overpaid during the fat times!
I’m old enough and here long enough to remember when you couldn’t give away a 3/2 in Manassas (McNasty). Let the show begin!
Is it good for San Diego that its population growth is being fueled largely by immigration?…No: While immigration helps fill workforce gaps, the reality is birth rates are falling, and residents are leaving due to the high cost of living for housing, gas and utilities. California’s unfriendly business environment, stifling regulations and high taxes compound the issue. This population decline has been ongoing for years’
But weather Jamie?
KDVR — Colorado homebuyers need this income to afford a typical home (3/31/2025):
“Housing markets across the U.S. are facing some of the most turbulent times in decades, with homeownership being pushed further out of reach for many in the five years since the COVID-19 pandemic began.
Colorado’s housing market is no different; real estate service Redfin reports the median home price in the Centennial State went up nearly $200,000 between February 2020 and February 2025. With that sale price increase, as well as mortgage rate increases over the past five years and myriad other factors, the income needed to afford a home in Colorado has also gone up significantly since 2020.
In January 2020, the U.S. average income requirement to afford a typical home was just shy of $79,000; that requirement as of January 2025 is now nearly $117,000. Colorado’s five-year increase was more than the U.S. average.
Colorado homebuyers in January 2020 needed just over $100,000 to afford a typical home then. With the $168,643 needed to afford a home in January 2025, the state had a 67.1% increase over the past five years.”
https://kdvr.com/news/local/study-colorado-homebuyers-need-this-income-to-afford-a-typical-home/
40% of every dollar ever existing printed because of an alleged “virus” with an infection fatality rate for the young and healthy of statistical ZERO.
PCR tests are meaningless, there is, and never was, such thing as a “case” of covid.
Y’all got played. $40 for a single bag of groceries.
Just had a job interview scheduled for a position with AWS in Denver. During the week I had to wait I thought about life in Denver then I looked at all of my guns with the 30 round detachable magazines and said to myself: “Oh hell no!”
I canceled the interview and stayed retired.
The state legislature and Denver City Council are controlled by Marxists.
They are talking about the need to “reform” TABOR. They probably figure it’s easier to get voters to agree to slowly chip it away to to outright repeal it.
The Dems need to remember that Colorado is not California. A lot of Californians put up with the cr@p for intangibles, like the weather. State population and economic growth have fizzled out in the Centennial state, and if they keep it up people will start to leave. I wonder what they will try to “reform” first. My guess will be excluding income tax collected from TABOR limits, as they are also talking about ditching the state’s flat tax for progressive one. I think that will be the easiest sell to voters as it will be touted as “eating the rich”
Denver has become such a sh!thole, and an expensive one at that, that employers are not expanding here. I’m surprised AWS was hiring at all.
CNBC — RFK Jr. is a ‘conspiracy theorist’ endangering lives, say analysts at Howard Lutnick’s former firm (4/1/2025):
“Cantor’s note came as Peter Marks, the head of the FDA biologics division, resigned in protest of Kennedy’s skepticism of vaccines. Kennedy, a prominent vaccine skeptic, has already taken steps that public health experts say could deter routine immunizations in the U.S.
“We call on the administration to re-evaluate RFK Jr’s role at HHS. Pushing out one of the most trusted leaders of the FDA to promote an anti-science agenda is a step too far for us,” analysts Josh Schimmer and Eric Schmidt wrote in an unusual note to clients Tuesday. “HHS cannot be led by an anti-vax, conspiracy theorist with inadequate training.”
Shares of vaccine makers Moderna and Novavax, along with a range of other biotech companies, sold off significantly Monday after the resignation of Marks. Moderna and Novavax both shed more than 8%, while the SPDR S&P Biotech ETF slid nearly 4%.”
https://www.cnbc.com/2025/04/01/rfk-jr-is-a-conspiracy-theorist-endangering-lives-say-analysts-at-howard-lutnicks-former-firm.html
“Vaccine” manufacturers are the merchants of death. They trade in medical genocide.
[The WSJ Opinion regarding the NY Times …]
When You’ve Lost the New York Times…
If wokesterism is unpopular at the newspaper one wonders where it still sells.
https://archive.ph/qNHWA#selection-5361.0-5365.78
On Friday this column noted the phenomenon of leading Democrats doggedly refusing to learn the lessons of the November elections and renewing their commitment to the extreme positions that repelled so many voters. America is not well-served when one of its two major political parties embraces both misery-inducing Sandernista socialism and the race and gender obsessions of the radical left. Sadly, by the end of last week it seemed that the kooks were once again winning the day in the debate over the party’s future. But what a difference a day makes!
It was a most pleasant surprise to see a weekend editorial in the New York Times of all places suggesting a step back from the progressive ledge. The Times is now urging Democrats to reconsider a number of the destructive ideas that party leaders embraced after reading about them in the New York Times. Let’s be optimistic and call this a great start if the newspaper wants to embark on an era of reform.
“The Democrats Are in Denial About 2024,” is the headline above the editorial that observes:
Party leaders claim that most Americans still prefer Democrats but that voter apathy allowed Mr. Trump to win. According to this logic, Democrats do not need to worry about winning back Trump voters and should instead try to animate the country’s natural liberal majority. “I don’t think we’re going to win over those 77 million that voted for Donald Trump,” Gov. Tim Walz of Minnesota, the party’s 2024 vice-presidential nominee, said this month. “I’m concerned with the 90 million who stayed home.” It was an unfortunate echo of Hillary Clinton saying that millions of Trump voters were “deplorables” and “irredeemable.”
Mr. Walz’s odd analysis also reflects deep confusion about the millions who stayed home. The Times editorial board punctures Democrats’ turnout delusions:
Nonvoters appear to have favored Mr. Trump by an even wider margin than voters, as Nate Cohn, The Times’s chief political analyst, has reported. David Shor, the bracingly honest Democratic data scientist, put it well: “We’re now at a point where the more people vote, the better Republicans do.”
The Times editorial board then gives Democrats some reasonable advice on how to “regain voters’ trust”:
First, they should admit that their party mishandled Mr. Biden’s age. Leading Democrats insisted that he had mental acuity for a second term when most Americans believed otherwise. Party leaders even attempted to shout down anybody who raised concerns, before reversing course and pushing Mr. Biden out of the race. Already, many voters believe that Democrats refuse to admit uncomfortable truths on some subjects, including crime, illegal immigration, inflation and Covid lockdowns. Mr. Biden’s age became a glaring example. Acknowledging as much may be backward looking, but it would send an important signal.
Second, Democrats should recognize that the party moved too far left on social issues after Barack Obama left office in 2017. The old video clips of Ms. Harris that the Trump campaign gleefully replayed last year — on decriminalizing the border and government-funded gender-transition surgery for prisoners — highlighted the problem…
Even today, the party remains too focused on personal identity and on Americans’ differences — by race, gender, sexuality and religion — rather than our shared values. On these issues, progressives sometimes adopt a scolding, censorious posture.
Even on economics, the editorial suggests an open mind on ideas that don’t involve central planning. The Timesfolk write:
Where is the governor who does more than talk about an abundance agenda and actually cuts regulations to help America build? New ideas should come from both the party’s progressives and its centrists.
Whoever the weekend editors are at the Times opinion section, let’s hope they get promoted!
Where is the governor who does more than talk about an abundance agenda and actually cuts regulations to help America build?
Abundance? All I ever heard Dems say is that we have to consume less (to save the world). Theirs is a politics of scarcity, where the government chooses the winners and losers.
Theirs is a politics of scarcity, where the government chooses the winners and losers.
They lost to Big Orange largely from cost of living concerns, so now they are all about a chicken in every pot.
so now they are all about a chicken in every pot
They’re gonna have to do a lot of backpedaling.
Experience of ‘brand builder’ Darren Campbell’s company has ‘destroyed’ me, former client says
A Co Antrim woman who lost more than £8,000 after entering the FBA Brand Builder programme says her life has been “destroyed” and is now struggling to pay off a loan she took out to enter it.
The Ballymena company, owned by entrepreneur Darren Campbell, announced it was being liquidated on Monday after more than 100 people signed up to a group legal action alleging they had lost thousands due to malpractice by the firm.
Mr Campbell and the company have strenuously denied the claims and vowed to robustly defend them in court.
Portglenone woman Nicola Graffin, 35, said she signed up to the FBA Brand Builder in August 2024. Months later after never getting to the launch stage of her business, she had borrowed £8,500 which she says she is struggling to pay back every month.
Ms Gaffin says she was “naive” when she initially signed up to the programme and was very supportive of the company but was later removed after claims she had broken her contract.
“I started querying things myself, I was asking questions that anyone should have been entitled to know and where the money was going and how successful the success stories really are,” she told The Irish News.
“I had good relations with lots of people, I had spoken to some who had launched and were taken out for success dinners, but yet hadn’t made a penny in profit. To me it just wasn’t making sense any more. I requested to have my mentoring calls which were recorded by the company sent to me and after a lot of back and forth I was kicked out, because I was told I broke their contract.”
Ms Gaffin described her experience as “soul destroying” and says it has knocked her self confidence. She is one of more than 100 who have agreed to pursue a civil case against the company and Mr Campbell.
Nicola also says she suffers from alopecia, and believes the stress caused by her involvement with the company has led to further hair loss.
“Honestly it has destroyed me. I’m a stay at home mum, I’ve got lots of health issues and I was wanting to do something to make my kids proud of me,” she said. “I didn’t have that money to start with, I took a loan out for it and I’m now having to pay that loan back every single month for the next five years. I don’t have that money to be putting into it.”
“Now I have to strip back on everything else to pay that loan back.
“I don’t even know how to put it into words but it has just destroyed me. It’s knocked my self confidence completely.
“We were told at the start that £10,000 would have been enough to launch our business, I thought that included the programme fee. Nothing was explained properly. We were made to think that we could make a difference to our own lives, and the fact that we are in a worse off situation that we ever were, is soul destroying.”
Anne Gunn (41), from Enniskillen, says after herself and a friend had a call with an employee of the company, they felt “pressurised” into paying the £6,500 sign up fee. Seeking a refund weeks later she was told there was a “strict no refund policy”.
“I had seen stuff about him giving away holidays to Disneyland and all the success stories,” Anne said.
“I’m a single mother of two children and working full time, I got a loan to pay for this and now I’m obviously paying back a loan for something I have nothing to show for.
“I was told after the first £6,500 that a further investment would be needed in the fourth month and that after six months we would be making money.
“But the hidden costs just kept coming. After we paid the money and received the contract, the contract didn’t even really make sense. At that stage I started to think that something wasn’t right. I got cold feet and felt it was too good to be true and that’s how it turned out.”
https://www.msn.com/en-gb/money/other/experience-of-brand-builder-darren-campbell-s-company-has-destroyed-me-former-client-says/ar-AA1C2XQu
Darren Campbell: Controversial ‘brand builder’ shuts down company and enters liquidation
The owner of a controversial ‘brand building’ company facing a civil lawsuit from former clients says the firm has shut down with immediate effect and gone into liquidation.
Ballymena entrepreneur Darren Campbell from the FBA Brand Builder issued the update on social media on Monday where he said he had “lost everything” and “couldn’t afford to pay most of my team their last wages”.
Allegations against the FBA Brand Builder include misleading claims of profitability and success, failure to disclose hidden costs of the programme, misrepresentation of expertise, deceptive practices and unqualified financial advice.
In a lengthy message posted on social media, he confirmed the company would enter a Credit Voluntary Liquidation (CVL).
“Today, I say goodbye to The FBA Brand Builder. It is now officially shut down,” he said.
“It is no longer trading. I have engaged for CVL Liquidation. I can no longer fulfil, run, or operate within it ever again.”
The business owner said coverage of his company in the media and on social media had contributed to its downfall, but added “the accountability falls solely with me.”
Mr Campbell goes on to claim he has “less than £1,900” in all of his bank accounts, and added that existing clients of the company who have paid the minimum £6,500 fee to sign up will still have “support” from former employees until September 2025.
“I came up from absolutely nothing. Worked harder than anyone I know to gain absolutely everything I had in my life. And lost everything again in the blink of an eye. I’m now in a worse place financially than I was before I even started my business journey.”
Belfast based law firm Phoenix Law, who represent more than 100 people who have alleged they unfairly lost money to the programme, say they will continue the legal action against Mr Campbell.
“It is no coincidence whatsoever that Mr Campbell is making these posts at a time when he is facing 7-figure proceedings,” lawyer Diarmuid Brecknell said.
“Irrespective of what Mr Campbell may say publicly he is named personally in these proceedings and our clients will be taking all steps to recover every penny they are owed from him”.
https://www.msn.com/en-ie/money/other/darren-campbell-controversial-brand-builder-shuts-down-company-and-enters-liquidation/ar-AA1BZIhe
Why is China angry about a plan to sell two ports on the Panama Canal?
CK Hutchison, one of the largest conglomerates in Hong Kong, earlier this month announced plans to sell its stake in two ports on the Panama Canal to a group of US investors led by BlackRock.
The plan, part of a $22.8bn megadeal that would grant the consortium control over more than 40 ports in 23 countries, followed complaints by United States President Donald Trump that the key shipping route was under Chinese control.
CK Hutchison shares soared following news of the deal on March 4, but plunged less than two weeks later when Ta Kung Pao, a Chinese state-run newspaper in Hong Kong, accused the company in two op-eds of “spineless grovelling” and cutting a deal “that betrayed and sold out all Chinese people”.
The Wall Street Journal earlier this month reported that anger over the deal extended all the way to Chinese President Xi Jinping.
Citing unnamed sources familiar with the matter, the newspaper said Xi was angered that CK Hutchison had not sought his approval for the deal and that he had hoped to use the Panama Canal ports as a bargaining chip with Trump, who has pledged to “take back” the strategically important waterway.
On Friday, China’s market regulator said on its official WeChat account that it would carry out an antitrust investigation “in accordance with the law to protect fair competition in the market and safeguard the public interest”.
Kevin Yam, a lawyer who specialised in financial services and commercial litigation until he left Hong Kong in 2022, said Beijing could use the deal to make an example of the Li family, much as it did to Alibaba founder Jack Ma.
After criticising China’s regulators in 2020, Ma was forced to cancel the IPO of Ant Financial, a financial subsidiary of Alibaba.
Since then, he has only rarely been seen in public.
“Hong Kong being Hong Kong, chances are they won’t cut the Li family down to size to the same extent as they did to Jack Ma, but I reckon ultimately whichever way this thing is going to go … it won’t be directly about the deal,” Yam, who is wanted by Hong Kong police over his participation in the 2019 protests, told Al Jazeera.
Beijing has not shied away from using extrajudicial methods against prominent citizens in the past.
In 2017, Chinese-Canadian businessman Xiao Jianhua – then one of China’s wealthiest people – vanished from the luxury hotel where he was living in Hong Kong, with multiple media outlets reporting that he had been abducted by mainland Chinese agents.
Xiao’s exact whereabouts remained unknown for five years until 2022, when a Shanghai court sentenced the tycoon to 13 years imprisonment for allegedly embezzling $8bn.
In 2023, Bao Fan, an influential Chinese tech banker, went incommunicado amid a crackdown on the financial services industry.
Bao, whose firm announced his resignation last year, has not been publicly heard from since.
https://www.msn.com/en-us/money/companies/why-is-china-angry-about-a-plan-to-sell-two-ports-on-the-panama-canal/ar-AA1C2NQ5
“Along with the personal struggles she has witnessed, the depletion of wealth that comes with those job losses could put Prince George’s at risk of a housing crisis.” – Its not real wealth, its stolen money from citizens who actually produce a product or service that people want or need.
This Mexican Border Town Had a Chaotic Trade-War Dress Rehearsal
CIUDAD JUÁREZ, Mexico—For three days in March, all goods entering the U.S. at this bustling border crossing were subject to 25% tariffs. The ensuing turbulence amounted to a sobering preview for America’s biggest trading partner before a new round of tariffs expected on Wednesday.
On the morning of March 4, frantic phone calls started pouring in to executives at industrial parks along the U.S.-Mexico border. U.S. customs agents inspecting cargo vehicles didn’t know what to charge transporters. Some factories held goods back, filling up Mexican storage facilities.
Freight-truck crossings plummeted at one of the busiest border crossings in the world.
“It was like a handbrake,” said Fernando Ramos, a partner at Radar Customs and Logistics, a leading customs broker in Mexico. “The uncertainty was enormous.”
On most days, an average of 3,700 trucks cross into El Paso, Texas, from Ciudad Juárez. On March 4, crossings dropped 7%, then fell 9% the next day and 14% the day after.
Some 180,000 trucks were stranded along the entire border, Ramos said, parking in freight yards, railway terminals and other facilities, their drivers awaiting word.
Then on March 6, President Trump temporarily lifted tariffs for a month on many—but not all—goods from Mexico and Canada, including the all-important auto industry. Suddenly, companies in Ciudad Juárez ramped up their exports, hoping to send inasmuch as possible before the tariffs returned.
The three-day disruption of cross-border trade shows how businesses are struggling to adapt to new trade barriers and policy uncertainty. For decades under free-trade agreements, Mexico’s economy has become bound to the U.S., where it sends 80% of its exports. American companies meanwhile have relied on maquiladoras, or assembly plants, in Ciudad Juárez that reduce labor costs and export goods to the U.S. tariff-free.
“It’s the watershed moment that I feel is going to change the dynamic we’ve been living under for, perhaps, the last 40 years,” said Gilberto Loya, the security chief of the border state of Chihuahua.
The Trump administration is still weighing what kind of tariffs to impose Wednesday, with options including individualized rates for U.S. trading partners or an across-the-board tariff that would affect virtually every country. Companies are bracing for new hurdles and warning of higher prices for Americans buying everything from cars to flat-screen TVs and medical equipment—much of which is imported from Mexico.
“If they impose tariffs, it’s going to hit the Americans too, but for Mexico it’s going to be devastating,” said Thor Salayandía, head of TDJ Industries, a company based in Ciudad Juárez that manufactures custom metal parts for the automotive, aerospace and energy industries.
Once used as a trading post by Spanish missionaries more than three centuries ago, Ciudad Juárez saw rapid growth after the North American Free Trade Agreement came into effect in the mid-1990s. Mexico’s northern border area became an epicenter for low-cost manufacturing exports for the U.S. market.
Mexico is now the biggest U.S. trading partner, with around $840 billion in bilateral trade every year flowing across the busiest land border in the world. With Texas alone, Mexican trade totaled $540 billion in 2024, up 40% from five years earlier, according to the market research firm Savills. Shifting trade policies mean “the region faces an inflection point that could alter its near-term trajectory,” the firm said in a research note.
Mexico has already been feeling the pinch with nearly 130,000 job cuts in maquiladoras along the U.S. border over the last year and a half, according to Martín Flores, who heads Index Ciudad Juárez, an export industry trade group.
https://www.msn.com/en-us/money/markets/this-mexican-border-town-had-a-chaotic-trade-war-dress-rehearsal/ar-AA1C1TXy
“If they impose tariffs, it’s going to hit the Americans too, but for Mexico it’s going to be devastating,”
I think that is the idea.
Did Mexico ever send troops toward the border to stop the drug trade? They promised 10,000. Then Canada promised 10,000. I never heard anything about it again.
Happy Day Before Liberation Day!
https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-reciprocal-liberation-day-wisconsin-election-latest-news-b2725164.html
Financial Times
Gold
Investors flock to gold funds as fears over Trump tariffs mount
Biggest inflow since onset of pandemic pushes bullion to fresh highs as traders hunt for haven assets
Stacks of gold bars are arranged on metal racks at a gold refinery
Gold reached a record $3,148.88 a troy ounce on Tuesday, taking gains this year to 19%
© Alberto Bernasconi/FT
Leslie Hook and Ian Smith in London
Published 5 hours ago
Updated 08:48
Investors are pouring cash into gold funds at the fastest pace since the Covid-19 pandemic, amid mounting concerns over the economic impact of US President Donald Trump’s tariff war.
Gold reached a record $3,148.88 a troy ounce on Tuesday, taking gains this year to 19 per cent — including its strongest quarterly performance since 1986 — as part of a broader flight to haven assets such as US Treasuries and cash.
Investors are bracing themselves for Trump’s expansive new tariffs, which are due to be announced on Wednesday, a day he has dubbed “liberation day”. Many economists fear the move will hit global growth, triggering a search for safe assets.
…
Gold “funds” ???
If you’re not holding physical, you don’t own sh*t.
That’s what I’ve been told.
Gold is the ultimate antidote to the Fed’s deranged money printing.
Gold is the ultimate antidote
Youth helps also.
Gold, or lead?
Its a parabolic parabola
MoneyWatch
Stocks tumble as Wall Street braces for Trump’s April 2 tariff announcement
moneywatch
April 1, 2025 / 10:11 AM EDT / CBS
Stocks skidded Tuesday morning as Wall Street braces for President Trump’s rollout of a fresh round of tariffs on April 2, with some economists warning that the new import duties could crimp economic growth and reignite inflation.
The S&P 500 fell 20 points, or 0.4%, to 5,591, while the Dow Jones Industrial Average slipped 0.7%. The tech-heavy Nasdaq composite also shed 0.4%.
While Mr. Trump hasn’t yet disclosed details about his April 2 tariff plans, the president has said he plans to announce so-called reciprocal tariffs, which are designed to match the import duties placed on U.S. goods and services by other nations, as well as compensate for other trade barriers. But because the cost of tariffs are largely passed onto consumers, they could cause inflation to re-accelerate while dampening economic growth, economists say.
“We are seeing the early signs of a stagflationary environment emerging, driven not by external shocks but by deliberate policy. That combination is a toxic one for equities,” said Nigel Green, CEO of wealth management company deVere Group in an email.
Businesses and consumers are likely to experience “rolling price increases for several quarters” due to Mr. Trump’s tariffs, noted Ed Yardeni, an economist with Yardeni Research, in an April 1 research note. Other nations could impose their own retaliatory tariffs in response to Mr. Trump’s April 2 announcement, compounding potential price increases, he noted.
“And of course, inflation remains elevated above the Fed’s 2% target, and the pandemic price shock is still fresh in Americans’ minds,” he added.
…
https://www.cbsnews.com/news/stocks-down-djia-sp-500-trump-tariffs-liberation-day/
But because the cost of tariffs are largely passed onto consumers, they could cause inflation
Tariffs may cause price increases, but that isn’t expansion of the currency. Currency debasement is a separate policy decision.
Do you worry that efforts to bring down the 10-year Treasury yield might prove overly successful?
The Tell
10-year Treasury yield temporarily falls below key level as trade-war calm fades
The magnitude of the bond-market rally earlier on Monday ‘speaks to the collective unease among market participants,’ BMO Capital Markets strategists say
Last Updated: March 31, 2025 at 4:06 p.m. ET
First Published: March 31, 2025 at 10:40 a.m. ET
President Donald Trump said on Sunday that he is set to announce reciprocal tariffs on all countries and not just a smaller group of them.
Photo: Allison Robbert/Agence France-Presse/Getty Images
Monday’s flight-to-safety trade into U.S. government debt temporarily sent the 10-year Treasury yield below an important technical level and shattered the previous sense of calm that many investors and traders had about the threat of U.S.-imposed tariffs.
The rally in Treasurys pushed the benchmark 10-year yield below its 200-day moving average for a good chunk of the day, and demand for long-dated maturities held up through the end of the session as month-end flows came into focus. The 10-year yield slid to as low as 4.18% on Monday, below its 200-day moving average of around 4.22%, and finished at almost 4.25% or its lowest closing level since March 20. Meanwhile, stocks finished mostly higher after clawing back from a lower open and gold rose to a record high above $3,100 per ounce.
…
https://www.marketwatch.com/story/10-year-treasury-yield-falls-below-key-level-as-calm-over-trade-war-unravels-0e8249ec
Key Fed GDP forecast sees U.S. economy contracting 1.4% in first quarter
By Greg Robb
The weakness in the U.S. economy is starting to get more pronounced, according to a closely watched Federal Reserve forecast.
The Atlanta Federal Reserve’s GDPNow forecast for the first quarter was just cut to a worrisome negative 1.4% annual rate.
…
https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-eye-lower-open-as-tariff-angst-lingers/card/key-fed-gdp-forecast-sees-u-s-economy-contracting-1-4-in-first-quarter-7YRomo51xfoAFKNhrU2j
Wait until government waste and graft is removed from GDP.
It’s going to be ugly but necessary.
And beware of the multiplier effects…
It’s going to be ugly but necessary.
Yes, and long over due. I have repeatedly said Obama could have fixed the whole debt problem during the GFC, blamed it all on Bush, and been a hero. Instead, we got lots more socialism, especially with health care.
But yeah, it’s gotta get ugly before it gets better.
Instead, we got lots more socialism, especially with health care.
Control healthcare and you control the people. A key step to a socialist state.
It’s not too late to reallocate towards bonds…
Markets
Bonds
Pimco Favors Stable Returns From Bonds as Recession Risk Builds
By Michael Mackenzie
April 1, 2025 at 5:00 AM PDT
Takeaways NEW
Rising potential for a US recession has Pacific Investment Management Co. touting the attractiveness of “stable sources of returns” in global bonds.
The bond manager is warning that President Donald Trump’s aggressive trade, cost-cutting and immigration policies stand to slow the world’s biggest economy by more than previously expected, hurting the labor market and supporting its view for investors to tilt their portfolios toward safer assets.
Typically, a junk bond spread of 800 basis points is seen as presaging a recession.
…
https://www.bloomberg.com/news/articles/2025-04-01/pimco-favors-stable-returns-from-bonds-as-recession-risk-builds
Financial Times
Corporate bonds
US junk bonds slide as Donald Trump’s tariffs spark economic worries
Premium investors’ demand to hold riskier debt jumps to highest level in six months
People walk past the US Treasury building
The spread — or additional borrowing cost relative to US Treasuries — paid by junk-rated US companies has jumped by 0.56 percentage points since mid-February to a six-month high © Samuel Corum/Bloomberg
Will Schmitt in New York
Published
Mar 12 2025
Updated
Mar 13 2025, 05:30
Investors are souring on America’s riskiest corporate borrowers as fears deepen that Donald Trump’s aggressive trade agenda is slowing growth in the world’s largest economy.
The gap in borrowing costs between junk-rated companies and the US government has jumped by 0.56 percentage points since the middle of February to a six-month high of 3.22 percentage points, according to a closely watched index collated by Intercontinental Exchange.
The pressure on the junk bond market comes as Trump’s chaotic rollout of tariffs on the US’s biggest trading partners has alarmed businesses and rattled stocks.
The reversal in investor sentiment follows a prolonged rally in the riskiest part of the corporate bond market fuelled by a buoyant US economy and record highs for stocks.
“Credit spreads have widened over the past couple of weeks, driven by fears over a US recession and tariff uncertainty,” said Eric Beinstein, head of US credit strategy at JPMorgan.
Line chart of Spread (percentage points)* showing US junk bond spreads shoot higher
Investors and analysts said that steep declines in some of the most highly valued tech stocks, including Palantir and Tesla, had also chilled appetite for the debt of the riskiest corporate borrowers.
Neha Khoda, a credit strategist at Bank of America, said that junk bond investors were no longer able to shrug off the declines in equities after they accelerated in March. The S&P 500 has fallen 6 per cent, putting it on track for its worst month since 2022, and the tech-heavy Nasdaq is down 6.4 per cent.
The increase in the spread, or the extra yield investors demand to own US junk bonds over Treasuries, this month is “payback for the lack of movement in February”, said Khoda.
…
“President Donald Trump’s aggressive trade, cost-cutting and immigration policies stand to slow the world’s biggest economy by more than previously expected, hurting the labor market and supporting its view for investors to tilt their portfolios toward safer assets.”
It’s hard to think of a more effective way to reduce long-term Treasury bond yields than to enact policies that trigger a flight-to-quality into Treasurys.
Markets
One of the market’s biggest bulls sees a serious chance of a 2008-style crash in the coming years
By James Faris
bear bull statues
Getty Images / Ralph Orlowski
Apr 1, 2025, 10:50 AM PT
– Investment chief James Demmert is highly optimistic about US stocks this year.
– However, he still thinks there’s a serious risk of a market meltdown in the coming years.
– The Department of Government Efficiency may be the right idea done in the wrong way.
A highly optimistic strategist who sees US stocks soaring more than 25% before year’s end also believes there’s an unusually high risk of the worst market crash since 2008.
…
https://www.businessinsider.com/stock-market-outlook-crash-2008-us-debt-doge-musk-demmert-2025-4
Moneywise
‘We’re looking at a slowdown’: As economists call odds on a recession, Americans need to prepare
Vawn Himmelsbach
Tue, April 1, 2025 at 3:30 AM PDT 4 min read
The U.S. is not in a recession — yet.
But with threats of high tariffs on U.S. imports, policy uncertainty, mass deportations and Department of Government Efficiency (DOGE) cuts, some economic observers believe the odds are rising.
“We’ve got a real uncertainty problem, it’s going to be hard to fix that,” former Treasury Secretary Lawrence Summers said in an interview on Bloomberg Television’s Wall Street Week with David Westin.
“We’re looking at a slowdown relative to what was forecast, almost for sure, and a serious, near 50% prospect of recession.”
J.P Morgan’s chief economist Bruce Kasman predicts a 40% chance of a U.S. recession this year.
“If we would continue down this road of what would be more disruptive, business-unfriendly policies, I think the risks on that recession front would go up,” he told reporters.
…
https://finance.yahoo.com/news/looking-slowdown-economists-call-odds-103000384.html
Streetwise
Is This Wildly Overvalued Stock Market Doomed? Yes, but Maybe Not Yet
History shows no link between nosebleed valuations like today’s and next year’s returns. Expensive stocks can always get pricier.
By James Mackintosh
Updated Dec. 6, 2024 12:05 am ET
U.S. stocks are expensive, with six of the Magnificent Seven, including Apple, even more so.
Photo: Michael Nagle/Bloomberg News
Here are two particularly scary forecasts for investors: Goldman Sachs thinks the S&P 500 will make just 3% a year over the next 10 years, as Big Tech dominance eventually falters. Bank of America expects 0%-1% a year for a decade, a catastrophic investment prospect.
Their conclusion: Buy stocks anyway, because the next year looks great.
…
https://www.wsj.com/finance/stocks/stock-market-overvalued-forecasts-2025-e073e1d4
“Buy stocks anyway, because the next year looks great.”
That was looking through the windshield late last year.
Looking back today through the rear view mirror makes me suspect the windshield was dirty.
In retrospect, his advice was just plain wrong.
Why the Magnificent Seven Stocks Just Had Their Worst Month and Quarter on Record
By Colin Laidley
Published March 31, 2025
05:00 PM EDT
Traders work on the floor of the New York Stock Exchange.
Spencer Platt / Getty Images
The Magnificent Seven declined on Monday, capping off the worst month and quarter on record for the group of big tech stocks that account for more than a quarter of the S&P 500’s market value.
The Roundhill Magnificent Seven ETF (MAGS) dropped 0.4% on Monday. The ETF—composed of Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOG), Amazon (AMZN), Meta (META) and Tesla (TSLA)—lost about 10.5% of its value in March, its worst month since it launched in April 2023. With March’s losses and February’s 8% decline, the fund is down more than 15% since the start of the year.
While each of the stocks in the Mag Seven is trading in the red for the year, one stands out for its particularly poor performance: Tesla shares have fallen more than 35% so far this year amid slowing sales and investor concerns about CEO Elon Musk’s political involvement. Nvidia, the group’s next-worst performer, shed 20% over the same period. The rest of the group is down between 2% (Meta) and 18% (Alphabet) since the start of 2025.
…
https://www.investopedia.com/magnificent-seven-stocks-worst-month-quarter-on-record-q1-2025-11706435
From the Dumver Post
Should Denver pay $15 million to study widening Peña Boulevard? The council will finally decide.
Why is a $15M study needed? Either Peña Boulevard is over congested or it’s not. The study sounds like a boondoggle to line some cronies’ pockets. Then again that is what the airport is: a mismanaged mess of endless projects. How long has it been under remodel? I think it’s approaching ten years.
I almost NEVER use Uber but I will to the airport now. A Line doesn’t run on time because of copper thieves, park at the airport and get car stolen.
park at the airport and get car stolen.
Plus it’s super expensive.
I don’t get to DIA all that often, maybe 3 times a year. Maybe it’s my timing but Peña doesn’t look all that congested to me.
When Pena Blvd was built it went from the city to the airport and nothing was in between. Now they built up a million houses/boxes (cuz you know who doesn’t want to live next to the airport……….) and so now it’s the main/only commuting ave out of that area to any part of the rest of the city. All those people gotta be accommodated. AT rush hour it’s a disaster. (not 270 bad, but bad and getting worse)
Green Valley Ranch is a f*ing dump.
When I think of Peña, I think of the section between C470 and the actual airport.
But you are right, Peña also goes in the other direction and there has been a ton of development that way.
Trump tariffs and statehood comments about Canada stir loyalty debate about NHL great Wayne Gretzky
BRANTFORD, Ontario (AP) — John Davidson has difficulty remembering the last time Wayne Gretzky visited his childhood home across the street in this small city a couple hours’ drive southwest of Toronto.
Now 85, Davidson still chases away the occasional curiosity seeker, a far cry from the days when busloads of children would pull up, or the time Wayne and his wife Janet showed up with an entourage, three limousines strong. The retired steelworker then lowered his hand to his knee to indicate how long he’s known Gretzky, before saying: “Wayne’s changed a lot since he went down to the States.”
“I always thought the hell out of him,” Davidson said of Gretzky. “Hate is a terrible word. Dislike is a better word.
“It disappoints the hell out of me. And I don’t think his father would appreciate it either,” he added. “A lot of people are pissed off with him right now because he went and kissed the ring.”
Recently, CTV reported, the face of Gretzky’s statue outside of the Edmonton Oilers arena had been smeared with feces, part of a polarizing debate that’s raised ire among his detractors and eye-rolls from his defenders.
“He’s done so many good things in both of these countries, he doesn’t need to explain himself to anybody,” said Brantford councilor Dan McCreary, whose ward includes Gretzky sports complex. He referred to Gretzky’s critics as being part of a “cancel culture” movement.
Not lost on McCreary is how Brantford sits in the crosshairs of the cross-border dispute. The city serves as a transportation hub — a two-and-a-half-hour drive from three border crossings — and with a manufacturing base linked to the auto industry, now facing potential fallout from U.S. tariffs.
“You might suggest that to him,” McCreary said when asked if Gretzky could put in a good word to Trump about his hometown.
https://www.msn.com/en-us/sports/hockey/trump-tariffs-and-statehood-comments-about-canada-stir-loyalty-debate-about-nhl-great-wayne-gretzky/ar-AA1C4e24
‘We’re losing a lot of snowbirds’: Tariff tensions between U.S. and Canada impacting air travel
CHEEKTOWAGA, NY (WKBW) — As new tariffs on Canadian goods are set to go into effect on April 2, tensions between the United States and Canada are starting to take a noticeable toll on air travel.
According to OAG Aviation, the number of Canadians booking flights between Canada and the U.S. has dropped by a staggering 70 percent.
“We’re losing a lot of snowbirds,” said Michael Gilgunn, a West Seneca resident who recently arrived from Sarasota, Florida with his wife Carol.
“We know some Canadians who will not come back down into the United States anymore,” Michael said.
I checked in with Pascal Cohen, Senior Marketing Manager for the NFTA at the Buffalo Airport. Despite the challenges, Cohen remains cautiously optimistic, unsure of how deeply the tariffs will affect Canadians who own property in the U.S.
“How concerned are you?” I asked.
“Well, it is really hard to tell because a lot of Canadians have property in places like Florida, so are the tariffs really going to affect folks going to their property? I don’t know,” Cohen replied.
https://www.wkbw.com/news/local-news/were-losing-a-lot-of-snowbirds-tariff-tensions-with-canada-affecting-air-travel
The hot new trend: making travel plans to avoid the USA
REGINA – Back in January, I hopped on a plane for my usual winter getaway break to Las Vegas, in an effort to escape the ice and snow.
I came back right before President Donald Trump slammed Canada with 25 per cent tariffs. That was the start of a cycle of Trump hitting us with tariffs, only to have to walk them back after the stock markets take a dive.
The response has been that Canadians have been galvanized. They have countered with efforts to “buy Canadian” products and bans on American liquor at the liquor stores. But the most notable response has been with Canadians dropping their travel plans to the USA.
Because of President Trump’s tariffs, and his always opening his big mouth and talking about Canada becoming the 51st State, travel by Canadians to the USA is down upwards of 70 per cent. People are all on board for boycotting the USA over politics.
Then there was the time I visited Cuba. That’s a place with a questionable, authoritarian, one-party Communist government and a lack of human rights.
I’ll tell you, I learned a lot about that place when I was there. They really laid it on thick with the propaganda messaging on billboards and the pro-Communist stuff at the newsstands and bookstores. You saw how the whole situation impacted the grocery stores in particular, because American-made products were in short supply. It really was a “buy Cuban” type of situation in more ways than one.
Still, it was a good vacation. Among other things, because Cuba was so authoritarian they made sure drugs and cartels were nowhere to be found. It was super safe there. (Kind of sad, really.)
The other issue is simply economic. The Canadian dollar is taking a beating and that is making life expensive for snowbirds who want to spend any serious amount of time in the USA. Your Canadian money isn’t going as far as it used to down there. Meanwhile, in Florida you have an additional issue where the costs of property there are going through the roof because of skyrocketing insurance premiums — a side effect of the hurricanes that keep on hitting that state.
Speaking of the dollar, I noticed the impacts on my wallet just during my trip to Las Vegas, which is normally an affordable destination. Good grief, costs right across the Las Vegas Strip are through the roof, especially for food! Every time I went to a fast food joint I would mentally calculate the exchange rate, and the prices would always turn out to be ridiculous — in line with the prices would be at a good restaurant in Regina. And the “good” restaurants in Vegas were completely out of my budget: only the elite people and oligarchs could eat there.
It was like movie theatre pricing for food right across the Strip! It was ridiculous, and it’s not just me complaining. Even people in Vegas are noticing that the Strip has been less busy this year, and that’s because people are sick of being nickel and dimed. This may actually be my last visit to Vegas for a while, and Donald Trump has nothing to do with it.
https://www.620ckrm.com/2025/04/01/the-hot-new-trend-making-travel-plans-to-avoid-the-usa/
Can’t afford fast food? Perhaps you’re not snowbird material!
It’s what happens when your currency collapses. And I still think that the whole “screw the Americans, we’re not coming back” is just a cover for the fact that they can no longer afford to be snowbirds.
Vancouver restaurants with American names don’t want to be misunderstood
When Andrew Harris and co-owner Gillian Nixon opened the suds stop Portland on Vancouver’s Main Street, Oregon was regarded as the epicentre of craft beer, at least on the West Coast.
Cut to 15 years later: Canada is in a tariff war with our southern neighbour, and anything that hints of America is a potential albatross for a small business.
“Business is down, and I’m not sure how much of that is directly a result of this backlash anymore,” Harris said.
“But we’ve received some really positive emails from around Canada telling us not to change our name, that everything will blow over. Someone even pointed out how many Portlands there are, even one in Ontario.” A small village named Portland is located in eastern Ontario.
Rather than change the bar’s name, Harris and Nixon are fighting back by leaning Canadian.
“We’ve removed all U.S. craft beer from our portfolio and moved to uber-local,” said Harris.
“In terms of our bourbon, we’re selling through what we have. It’s difficult to replace overnight because of the costs, but we’re moving to Japanese and to European whisky, and our Canadian whisky selection is growing leaps and bounds.”
“Where I really feel that Canada needs to wake up is interprovincial tariffs. Why do I have a tariff to sell to Ontario when I don’t have one to Washington State? What I hope comes out of this is that we break down tariff barriers between provinces and move to a single-economy system, which is what we should be in.”
https://www.msn.com/en-ca/news/canada/vancouver-restaurants-with-american-names-dont-want-to-be-misunderstood/ar-AA1BZWhW
‘We’ve removed all U.S. craft beer from our portfolio’
We need to blockade these ungrateful bashtards and burn their economy to the ground.
Denver ICE arrests man previously deported 16 times
U.S. Immigration and Customs Enforcement of Denver announced on Sunday that it arrested Ignacio Cruz-Mendoza, a citizen of Mexico who has been removed from the United States, or voluntarily returned to Mexico, 16 times since 2002.
Most recently, Cruz-Mendoza was sentenced for “reckless driving resulting in death” after killing one man and injuring others in a Colorado car accident in June 2024.
Sentenced to just one year in jail in August 2024, Cruz-Mendoza was already being released from Jefferson County’s Detention Center, according to Denver 7. ICE agents made the arrest upon Cruz-Mendoza’s release from jail.
This was just one of a series of arrests of criminal illegal immigrants that ICE Denver reported it made last week.
March 25: Arrested Rafael Cabrera-Barron, who has already been removed from the United States twice. Cabrera-Barron has convictions for sex assault on a child and currently has pending charges for burglary, trespass, child abuse and possession of controlled substance. March 25: Arrested Juan Nava-Dominguez. Nava-Dominguez has previous convictions for possession of fentanyl and served 8 years in prison.March 26: Arrested Victor Alonso-Martinez. Alonso-Martinez has convictions for illegal re-entry and aggravated assault with a deadly weapon. March 27: Arrested Gabriel Vergara-Cabanas. Vergara-Cabanas has a criminal history that includes charges for kidnapping, menacing, assault, harassment and sexual-related offenses. March 28: Removed a “Salvadoran criminal alien” wanted for the crimes of aggravated homicide, displacement of individuals, unlawful groupings and aggravated robbery in El Salvador.
This comes as Denver politicians and Colorado Democrats have been outspoken in their disagreement with President Donald Trump’s deportations efforts, as previously reported by The Center Square.
In early March, Denver Mayor Mike Johnston testified before the U.S. House Committee on Oversight and Government Reform regarding his city’s sanctuary city immigration policies.
During testimony, Johnston “defended Denver’s values.”
“As we all heard, he referred to Denver not as a ‘sanctuary’ but as a ‘welcoming’ city, which has opened the floodgates for violent gangs like Tren de Aragua to take over our communities,” Colorado’s Republican members in the U.S. House said a joint statement in response to Johnston’s testimony. “The people of Colorado deserve better… It is time that Colorado Democrats come to the table and repeal sanctuary policies and protect Coloradans.”
https://www.aol.com/news/denver-ice-arrests-man-previously-174800390.html
This is who Muh Resistance is protesting to keep in the country. This is who they want you replaced with.
China’s Role in US Fentanyl Crisis Directed by Regime Leadership, Expert Says
Tensions have been simmering between the United States and communist China as the two countries escalate tariffs on each other’s imports. Meanwhile, Beijing’s rhetoric has become increasingly confrontational.
Trump has imposed an additional 20 percent tariff on all goods made in China, citing a national emergency on the continued trafficking of fentanyl—a deadly opioid that is 50 to 100 times more potent than morphine—into the United States.
To this day, China remains the primary source of fentanyl precursors, which are shipped to Mexico, where they’re manufactured into the illicit drug. It is then smuggled into the United States mainly via the southern border.
In response to Trump’s added tariff, Beijing imposed an additional 15 percent tariff on U.S. coal and natural gas and an extra 10 percent on agricultural equipment and pickup trucks.
The communist regime has also called the fentanyl epidemic the United States’ “own problem“ and has cast the U.S. tariffs as ”blackmail.”
Yuan Hongbing, a former law professor at Peking University in China who now lives in Australia, said the American opioid epidemic is far from the self-inflicted wound the CCP has suggested it is.
The Chinese regime has played a significant role in America’s fentanyl crisis, and blaming the United States for it has long been Chinese Communist Party (CCP) leader Xi Jinping’s strategy, Yuan told NTD, Epoch Times’ sister media outlet, in a recent episode of the Chinese-language program “Pinnacle View.”
Yuan, who has insider access to senior CCP leaders, said Xi has consistently given internal directives during both Trump’s first and second terms that Beijing must maintain the narrative that the drug crises in both Europe and the United States are not linked to China.
Yuan said the regime has also been directed by Xi to assert that China makes the chemical precursors legally, and that if they are converted into deadly drugs and smuggled into the United States or Europe, it is not China’s responsibility.
The China expert further stated that fentanyl is at the core of Xi’s bid to “take revenge” on the West. He said Xi blames the West for subjecting China to a century of humiliation as a result of the Opium Wars in the mid-19th century. During that time, China had to sign a series of unequal treaties that ceded Chinese territory and opened Chinese ports to foreign control.
“It is precisely due to Xi’s directives that we are now seeing a dramatic increase in both the production of fentanyl precursors in China and the export of these chemicals, fueling the ongoing fentanyl crisis in the United States,” Yuan said.
The fentanyl crisis has become a key concern among American voters and has become one of the driving forces behind the dynamics of U.S.–China relations, said China expert Alexander Liao.
He said relations between Beijing and Washington have fundamentally changed. During the Biden administration, the two countries went through a diplomatic “ice age,” when senior-level official communication froze for approximately 10 months in 2022 and 2023. However, Liao believes the confrontation has now escalated to a new level.
“Whether it’s trade or other aspects, the United States and China have basically turned against each other,” Liao told The Epoch Times.
Xi’s drive for Chinese dominance begins with the country’s decline 200 years ago. In the CCP’s books, the West is to blame for turning China from a winner to a loser in the world. The communist regime’s education system and propaganda frequently emphasize the Opium Wars as the beginning of the “Century of Humiliation.”
Xi has said that taking back Hong Kong and Macau from the United Kingdom and Portugal, respectively, “washed off the humiliation of a century,” and that the next step is to unify Taiwan with the Chinese mainland.
Despite the appearance of promoting nationalism, Liao said, Xi’s logic remains rooted in communist doctrine: the global spread of communism—or in the Party’s parlance, to “stake the red flag all over the world.”
Xi’s end game, Yuan said, is to “replace the United States as the underwriter and enforcer of the world order.” Yuan said the two men used to drink together when Xi was still a provincial-level power figure.
A year after Xi took over China, the death toll from fentanyl overdoses in the United States took off. By 2017, annual deaths reached 28,000. By 2023, the number had ballooned to 75,000.
In 2017, when Beijing knew China had surpassed the United States in GDP measured by purchasing power, Xi and his cohorts believed that the “American problem”—replacing the United States as the world’s superpower—would be solved within a decade, according to Liao.
Liao’s insider sources in Beijing told him that an optimistic mood rose within the CCP, resulting in party leaders holding a dismissive attitude toward the United States.
“In that climate, the hardliners within the CCP essentially set themselves on an irreversible path of confrontation with the United States,” Liao said.
America’s failure in curbing its drug epidemic has also bolstered Xi’s pride and confidence, Yuan said, adding that Xi sees the U.S. fentanyl crisis as proof that “the East is rising, the West is declining.”
According to Liao’s sources, during Trump’s first state visit to China in November 2017, a high-ranking CCP official told Trump, “You [the United States] just need to provide us with raw materials and a consumer market for our manufacturing.”
A Beijing insider told Liao that this encounter prompted Trump to initiate tariffs on China as soon as he returned to Washington. The source said that the Chinese official’s arrogance and condescending tone likely left Trump feeling deeply uneasy that U.S. dependence on Chinese manufacturing was getting out of hand. The Epoch Times has contacted the White House for comment.
In January 2018, Trump began setting tariffs on Chinese imports to reduce the trade imbalance and force China to stop its theft of U.S. trade secrets and intellectual property.
Two years later, Beijing and Washington signed a phase one trade agreement under which China promised to buy more U.S. products.
Two months later, the COVID-19 pandemic hit.
On the first day of his second term, Trump ordered a trade policy investigation to be conducted by April 1. The study singles out China for evaluation of the fulfillment of the phase one trade agreement and review of any unfair or unbalanced trade practices.
Regardless of what concessions Beijing proposes to Trump at a potential Trump–Xi summit in June, the two countries are on an “inevitable” collision course, said Yuan.
“It is not a temporary conflict sparked by a single event, whether it’s tariffs or any other specific issues,” he said. “The confrontation is fundamental and unavoidable, driven by larger, long-term forces.”
https://www.theepochtimes.com/article/chinas-role-in-us-fentanyl-crisis-directed-by-regime-leadership-expert-says-5833296
The communist regime has also called the fentanyl epidemic the United States’ “own problem“ and has cast the U.S. tariffs as ”blackmail.”
For fun, tell a Chinese person the 19th century opium wars were their own fault and the British did nothing wrong.
That would be too much reality.
Afghanistan used to export food until the U.S. got in there back in the late 70’s and pushed for poppy fields exporting the resulting heroin to Iran and Russia via Northern Alliance militia.
GHWB AKA “Poppy Bush”
🤣
Merger unites America’s largest mortgage lender and servicer, reshaping home financing landscape
https://nationalmortgageprofessional.com/news/rocket-companies-acquire-mr-cooper-94-billion-deal
Merger unites America’s largest mortgage lender and servicer,
I just looked up the top 5 mortgage lenders for 2023. (last year I could find data that looked reasonable). Only 1 was an actual bank with deposits/assets. (BOA). Not sure what the Govt. can get out of the other 4 companies if the mortgages go south. I doubt there will be multi-million/Billion settlements with the companies this time around especially with those other 4 top companies. Plus the law changed, so the companies are only liable for losses, except for fraud, for the first 2 years after the loans are sold to GSEs.
Gold, Bitchez!!
https://x.com/KobeissiLetter/status/1906882198944264701/photo/1
From Realtor.com. “As the spring housing market starts to gradually warm up, more homeowners are emerging from the deep freeze of the winter months to list their properties, but would-be buyers are in no hurry to get off the sidelines.”
Many a potential buyer said: “I’m in no hurry to catch me a falling kn|fe.”
BTW, I believe kn|ves are now banned in the UK, so I’m not sure what they would be trying to catch, but nothing sharp apparently. Maybe a banana? 🍌 No g*ns. No kn|ves. Sporks? 😂 This is “Great” Britain. How the mighty have fallen.
https://www.youtube.com/watch?v=dSnosk4tWrg
Crocodile Dundee – That is not a kn|fe scene!
Thomas Tree
11.1K subscribers | 15,805,555 views Mar 20, 2016
https://www.realtor.com/news/trends/homes-inventory-market-sell/
Trends
Homes Are Taking Longer To Sell—Despite More Hitting the Market This Week
By Snejana Farberov
March 27, 2025
“House hunters’ apparent reluctance to make a move is driven by affordability challenges, rooted in part in mortgage rates stuck in the high 6% range, and mounting pessimism about their financial outlook.”
It isn’t rates. Rates are within historical norms. I don’t know why it’s so hard to say: “prices are too darned high.” The problem in a nutshell: Prices are still at pandemic sub-3% rates, but rates are nearly 7%. Sympathies to the “rate-daters.”
“The median home list price was flat year over year, continuing a 43-week trend where prices have either remained unchanged or inched down compared with the same time the previous year.”
“Speianu says this stability signals that prices are in a holding pattern as the housing market adjusts to higher borrowing costs and a glut of listings.”
A permanently high plateau, perhaps? Uh oh! There’s that “glut” word. And this is realtor.com. I haven’t heard the word “glut” since 2008.
Prices are unchanged or higher in a “glut” of listings. That’s normal and completely sustainable. Rather it’s “the mix,” where affluent Americans are still buying $1M+ houses, and so skewing the median (1/2 higher price, 1/2 lower price) higher. The lower tiers, where the buyer still needs a mortgage, are effectively “frozen.”
The buyer’s strike – whether by choice, or priced out – continues. Prices are at least 30-40% too high. Thanks to targeted asset price inflation by your gooberment and their central bank, the Fed, few can afford to buy, and that extends to groceries. 🥗
Pandemic mortgage rates were disconnected from reality and, in my view, a once in a lifetime event, and wages aren’t going to go up 30-40% anytime soon, so that leaves prices. Until rents and mortgage payments are roughly equivalent again, we’re in a Mexican standoff, which could take a while to resolve, but ultimately leading to lower prices. Right now in many MSAs, it’s 50%+ more expensive to buy than rent, especially with rents coming down due to a “glut” of multi-family apartments supply coming online. This could get interesting. “Got popcorn?” 🍿
Tesla Firebombing Suspect Hit With Federal Charges
The U.S. Department of Justice has filed federal charges against a suspect in connection with a firebombing attack on a Tesla dealership in Loveland, Colorado.
Cooper Frederick, 24, faces federal charges related to the March 7 attack, according to Attorney General Pamela Bondi, who announced the charges on Monday.
“I made it clear, if you take part in the wave of domestic terrorism, I’ve made it clear if you take part in the wave of domestic terrorism against Tesla properties, we will find you, arrest you, and put you behind bars,” Bondi stated. “Today, I’m proud to announce that the Department of Justice has unsealed federal charges against another Tesla attacker.”
Frederick, a Fort Collins resident, was initially arrested by Loveland Police on March 13 on multiple state charges, according to a City of Loveland news release. The charges included possession of explosives, second-degree arson, criminal mischief, and criminal attempt to commit a felony.
A fire erupted after an incendiary device was thrown at the Tesla building and landed between two vehicles. Several people inside the building were cleaning at the time and could have been injured, according to the news release, which stated a responding officer quickly extinguished the fire.
Larimer County Jail records show Frederick bonded out of jail on March 14.
Bondi stated in the same announcement that, following the latest charges, Frederick was re-arrested in Plano, Texas, following an investigation by the FBI.
Frederick’s arrest comes amid a wave of violent attacks against Tesla properties since CEO Elon Musk became head of the Department of Government Efficiency (DOGE) in the Trump administration.
According to a report by The Epoch Times, on March 18, two Cybertrucks were set ablaze at a Las Vegas repair center, and “Resist” was spray-painted on the building.
Over that incident, police arrested 36-year-old Paul Hyon Kim on March 27, charging him with 15 offenses, including arson and firearms violations. Las Vegas Metropolitan Police Department Assistant Sheriff Dori Koren said Kim had self-proclaimed affiliations with far-left organizations, including Communist Party USA-affiliated groups and other movements.
In February, a suspect allegedly threw eight Molotov cocktails at a Tesla showroom in Salem, Oregon, while armed with a suppressed AR-15 rifle.
Additional attacks have also occurred in Charleston, South Carolina, and Austin, Texas.
“All of these cases are a serious threat to public safety. Therefore, there will be no negotiating. We are seeking 20 years in prison,” Bondi said.
In Canada, approximately 80 Tesla vehicles were also vandalized in Hamilton, Ontario, on March 19.
President Donald Trump has condemned the attacks on Tesla properties, suggesting perpetrators would face long sentences for their crimes.
“I look forward to watching the sick terrorist thugs get 20-year jail sentences for what they are doing to Elon Musk and Tesla,” he said in a March 21 post on Truth Social.
https://www.theepochtimes.com/us/tesla-firebombing-suspect-hit-with-federal-charges-5834673
This dangerous arsonist was released by a Soros DA, because he’s trans. I am sad to report that he was reelected last year. Thanks for nothing, Fort Collins libtards.
Anyway, he won’t be firebombing anything for the foreseeable future.
‘And then it’s probably going to be even harder for these workers because they are concentrated in specific fields and geographies. So there’ll be a glut of talent in the most relevant markets.’ She noted that while fields like nursing and skilled trades are needing more workers, sectors like nonprofits, research institutes and think tanks where some government workers might otherwise land are scaling back. ‘It’s really not something that any of these workers are expecting. It may have more of a psychological impact as a result’
It’s important to remember Julia that the lending was sound at the time.
‘The people who are considering whether they should rent or buy are people who are starting out’ as first-time buyers, he said. ‘Who’s going to be brave enough to make an investment on a house where there’s all of this going on in the economy?’ As the cost of buying a home in the Bay Area increases, lower- and middle-income residents are likely to continue leaving the region for more affordable areas’
Yer right Nigel, run fer the hills! Orange man is coming!!
‘Worst February on record’ reads the headline of the Building Industry and Land Development Association’…‘New home sales across the GTA in February 2025 remained at rock bottom levels’
There’s never a good time for a trade war Ed.
Can we suspend the Canadian ban for a minute?
Guess Who — No Time:
https://www.youtube.com/watch?v=c2V-M7sU8oY
Guess Who — No Sugar Tonight / New Mother Nature:
https://www.youtube.com/watch?v=yMG-Mi9I0-k
‘Many high-rise condominiums in Bangkok were left cracked and damaged following the Mar. 28 magnitude 8.2 earthquake that originated in Myanmar…The swaying buildings seen in countless social media videos have raised anxieties about the structural integrity of high-rise residences. This is making matters worse, as Bangkok currently has ‘a substantial unsold supply’ of condo units…This current slump builds on an already weak period in the third quarter of 2024, when new condo sales totalled 19 billion baht (S$747.3 million), making it the lowest level in 14 years…New sales in the second quarter of 2025 are likely to set a new low. Buyers who have purchased a condo and are scheduled for transfer will likely delay the process to first assess the safety considerations. There could be more than 50 per cent of condo buyers considering cancellations within this year’
There’s never a good time for a magnitude 8.2 earthquake Buyers who purchased a condo.
“…magnitude 8.2 earthquake…”
Buildings left standing performed as expected allowing its occupants to exit, but at the end of the day they will be “red tagged.”
Canadian Real Estate Has Gone FULL COMMIE!!!
Jon Flynn Real Estate Stats
3 hours ago
Check out the latest news in Canadian real estate as our political candidates make promises they definitely can’t keep which includes a full communist takeover of our housing market by getting into the business of developing and building homes. This won’t end well!
https://www.youtube.com/watch?v=jL4L5S-LZI4
17 minutes.
At 9:07:
‘He’s got no showings, no phone calls, nothing.
Must.not.laugh.
Are Canadians buying Florida homes with Canadian financing?
“We are all in this together!”
https://youtu.be/jL4L5S-LZI4?t=410
* LMFAO!!
As the Fed & Republicrat duopoly hurtle us down the road to Venezuela del Norte, our unelected rulers at BlackRock are trying to herd the sheeple into the illusory “safety” of scam digital gambling tokens. No thanks, Mr. Fink – I’ll stack the shiny instead.
https://fortune.com/2025/04/01/larry-fink-letter-bitcoin-dollar-national-reserve-currency/
Tapped-out debt donkeys are beginning to default on their auto loans. If you can’t afford your car payment, how will you afford “luxury” rents or mortgages on insanely overvalued shacks?
https://x.com/KobeissiLetter/status/1907218450294178086