A hub for independent voices and hard truths
“Most of these buildings have mortgages with interest rates of less than 4%,” he said. “Now the Fed has raised rates to 5.5% terminal rate, which means these mortgages are going to be refinanced at 9% to 11%." Read more: …
by EuphoricTrilby https://web.archive.org/web/20230803004520/https://www.nytimes.com/2023/08/02/opinion/trump-meritocracy-educated.html
24, 2023 #Whale #Orca #NBCNews Scientists and researchers are looking at a string of incidents reported after orcas appeared to attack and sink sailing vessels. Biologist and wildlife conservationist Jeff Corwin theorized these attacks are due to “rambunctious” or “playful …
by Shaun Richards The economic story of 2023 was supposed to be one where the re-opening of China after Covid saw its economic growth surge again.Except as we have been noting increasingly the economic engine has been rather stuttering. Back on the 17th of this month …
Results are in— conservative boycotts are crushing woke corporations: -Target has lost $12 billion in the last week -Bud Light has lost $26 billion in the past 2 months -Kohls stock dropped 6.5% in two days This is what WINNING …
RELAX everything’s going to be fine, if there was ANY chance of collapse all the “experts” on the main collapse subreddit would be all over this. /s via realclearmarkets: “In purely technical terms, all these together are betting heavily on …
by Chris Black These are the biggest loans (a little bit different from QE though, as they must be repaid with interest >0 ) in the history of the Federal Reserve by the way. RT: US banks… Continue reading by …
Fed Loaned $160 Billion to Banks and $142 billion to FDIC. But QT-Related Roll-off Continued At around 4.75%, plus collateral, these are expensive loans for banks. The Fed’s Discount Window Soared to Its Highest Level Since the Previous Financial …
by BoatSurfer600
via economist: Not long ago trading in American stock options was limited mainly to professional investors. Options are contracts that provide the right to buy or sell a security at a specified price over a fixed time period. They can deliver …