Canada extends 25-year mortgages to 90-years… Difference in interest paid for 25-year and 90-year mortgages: $448,196 vs $2,124,469, respectively.

In Canada, some 25-year mortgages are being extended to 90-years. Here’s the difference in interest paid with a $500,000 mortgage and 5.80% rate: -25 year mortgage: $448,196 -90 year mortgage: $2,124,469 🥴 pic.twitter.com/F3OMBbsMs7 — Genevieve Roch-Decter, CFA (@GRDecter) August 11, 2023 https://t.co/STTij43EvE — Genevieve …

READ MORE

Elon Musk says he is actually going to fight Mark Zuckerberg

https://news.yahoo.com/elon-musk-says-actually-going-133354456.html Summary: Elon Musk and Mark Zuckerberg are apparently moving forward with their absurd plan to have a physical fight, a spectacle that has drawn media attention despite its senselessness. Musk, using his social media platform “X,” announced that the …

READ MORE

Don’t go to college in California…

California Supreme Court: No Right to In-Person Cross-Examination of Accuser During Campus Sexual Assault Proceedings. “The court highlighted the need to keep the accuser from ‘being retraumatized by the disciplinary process.’ Critics challenged this reasoning, arguing a Title IX proceeding exists …

READ MORE

Profits belie the economic squeeze

by Mahatmahems Michael Snyder reports today, “the Conference Board’s index of leading economic indicators has already declined for 15 months in a row.”* The US economy has been sputtering since 2019. After a reckoning of the loss of 4 mid-level …

READ MORE

Energy stocks are 5% below highs, indicating oil’s potential return of 48%, impacting Fed policy and financial markets. Rate hikes probability decreases, but odds of rate cuts drop, with no cuts until May 2024.

Energy stocks are only 5% away from recent highs. If historical correlations matter, it is hard to believe oil won't follow the same path. That alone would imply a 48% return from its current levels. As a crucial contributor to …

READ MORE

China Is ‘Ticking Time Bomb’?

Biden Fears China Is ‘Ticking Time Bomb’ Posing Danger to World In comments that included several major inaccuracies about the world’s second-largest economy, Biden said at a political fundraiser Thursday that China was in “trouble” because its growth has slowed …

READ MORE