Fixed-rate mortgages don’t prevent ownership costs from rising, leading to forced sales.

This is something most people miss. Just because someone has a fixed rate mortgage it doesn’t mean their cost of ownership can’t increase. And if other costs do increase it’s identical to having an adjustable rate mortgage. At some point the owner has to sell. pic.twitter.com/t292RSSmCk — George Gammon (@GeorgeGammon) June 11, 2024 Fixed Rate …

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Elections in all 27 EU countries to be held this weekend. Right wing populism is leading everywhere.

PARIS — French far-right leader Marine Le Pen isn’t on the ballot at the weekend’s European Parliament election, but she’s likely to emerge as one of its biggest winners. Polls expect her National Rally party to be the top vote-getter in France, trouncing President Emmanuel Macron’s moderate pro-business party. And across Europe, the anti-immigration, nationalist ideas Le Pen has long championed …

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US housing has become the most expensive in history.

US housing has become the most expensive in history: The median sale price of houses sold in the US hit another all-time high of $387,600 in May, measured as a 4-week average. Prices increased 4% year-over-year and exceeded the June 2023 record. Since 2021, the median home… pic.twitter.com/K9ltjcfI85 — The Kobeissi Letter (@KobeissiLetter) May 30, …

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Forbearance programs are leading to underwater loans, causing homeowners to owe more than their original mortgage.

Amid the housing market turbulence, forbearance programs are unraveling homeownership dreams as borrowers find themselves trapped in a vicious cycle of debt. With equity eroded and surprise liens looming, the reality of deferred payments is dawning harshly on many. 2) What this gentlemen describes is the status quo- "I don't have to pay it right …

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Frank Giustra: The Military Industrial Complex is leading America to ruin

Nothing like a bunch of sabre-rattling politicians itching go to war with Iran and as with all the American military adventures in the last few decades, no idea as to its consequences. The Military Industrial Complex is leading America to ruin,reputationaly and financially . https://t.co/CZabNEgVhY — Frank Giustra (@Frank_Giustra) April 17, 2024

Wine entrepreneur is leading the democrat senate primary in Maryland.

Rep. David Trone holds a slight lead in the Maryland Democratic Senate primary race over Prince George’s County Executive Angela Alsobrooks, according to a new poll released Tuesday. The Goucher College and The Baltimore Banner poll showed that among Democratic voters, 42 percent backed Trone in the primary while 33 percent said they supported Alsobrooks. Trone, the founder of …

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Google-Owned YouTube Says It Has a “Responsibility” to Manipulate Algorithms Leading up to the 2024 Election

via Reclaim The Net: “Responsibility” is a good word. It’s even better as an actual thing. But even just as a word, it’s a positive one. It signals that reliable people/entities are behind some project, or policy. So no wonder then, that the thoroughly disgraced Google/YouTube – as far as censorship and biased political approach …

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That’s Bidenomics! US Leading Indicators Decline For 22nd Straight Month, Back To March 2006 Levels

by confoundedinterest17 That’s Bidenomics for you! The Conference Board’s Leading Economic Indicators (LEI) continued its decline in January, dropping 0.4% MoM (notably worse than the -0.1% MoM expectations), and December’s 0.1% declin e was revised down to a 0.2% decline. The biggest positive contributor to the leading index was stock prices (again) at +0.10 The biggest negative contributor was …

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Hamas proposes three-stage ceasefire over 135 days, leading to end of war

Group proposes hostage release, withdrawal of Israeli forces, freedom for 1,500 Palestinian prisoners including 500 serving life * Blinken to meet privately with IDF chief mid negotiations over a hostage deal with Hamas, Defense Minister Yoav Gallant held a late night meeting with Mossad director David Barnea. Gallant’s office releases photos from the meeting, but …

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Fed Chair on 60 Minutes signals a slower rate cut, leading to potential stock market pressure on bank stocks.

(Bloomberg) — Federal Reserve Chair Jerome Powell will appear on CBS News’s 60 Minutes this Sunday and will discuss inflation risks, expected rate cuts and the banking system, among other topics, the network said. CBS announced his appearance on the social media platform X on Thursday, the same day that the interview was conducted. Powell …

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Attal’s rapid rise lacks diverse experience, raising doubts about his suitability for leading France.

The appointment of Gabriel Attal as France’s Prime Minister is a concerning testament to the trivialization of political leadership. His swift rise through Parisian political circles raises doubts about the depth of his life experiences and suitability for such a critical role. From a privileged background to a rapid succession of political appointments, Attal’s trajectory …

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Bidenomics Isn’t Working! Conference Board Leading Economic Index Fell Again In November

by confoundedinterest17 Biden says over and over again the Bidenomics is working. It isn’t working. The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.5 percent in November 2023 to 103.0 (2016=100), following a (downwardly revised) decline of 1.0 percent in October. The LEI contracted by 3.5 percent over the six-month period between May and …

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Conference Board Leading Indicator Records Alarming -7.8% Drop, Echoing Historical Precedents of Economic Downturn Over Six Decades; High Default Rates in Loan and Bond Market Also Signal Sharp Slowdown

The sustained 18-month decline in the Conference Board Leading Indicator is a worrying trend reminiscent of historical economic crises, particularly in 1973-74 and during the Global Financial Crisis. The current -7.8% decrease aligns with significant economic downturns over the past six decades, indicating a potential hard landing. This, coupled with a high and rising loan …

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The Leading & Coincident Index of Employment are nearing the historical “brink” of the waterfall.

The October Coincident Employment figures were influenced by the auto-strike, so we should reserve some judgment until those numbers are added back in November. 15 individual components are used across both indexes which reduces outsized distortions. — Eric Basmajian (@EPBResearch) November 16, 2023 https://twitter.com/MichaelAArouet/status/1725263899421712636 "It will probably start on a Friday" https://t.co/0EOYev1sC3 pic.twitter.com/9BBQamj3GK — Financelot …

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The US labor market is facing challenges, with job openings falling off a cliff, a trend that has only occurred three times since 2000. Leading economic indicators strongly point to a recession.

Yep this is one of the many metrics falling down in the labor market pic.twitter.com/fzMC6yWFGE — RecessionALERT (@RecessionAlert) October 12, 2023 Warning: The probability of a recession in 2024 is now over 60% This level has been seen only 2 times since 1960 Both times, it ended in severe economic downturns While the Fed still …

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Joseph Brown: The rapid depletion of the Reverse Repo facility, with $1 trillion drained in just 6 months, signals a concerning trend amid government borrowing acceleration, ultimately leading to significantly higher interest rates.

from Joseph Brown: The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months What happens when it runs out? Its important to remember what this account is for, and where this money came from in the first place 🧵👇🏼 When all the money printing started in 2020, this account …

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Peter Schiff: The U.S. National Debt has risen by $444 billion in two weeks, potentially leading to a sovereign debt and U.S dollar crisis.

https://t.co/3i8lURYf73 — Win Smart, CFA (@WinfieldSmart) October 4, 2023 What is going on with the US debt? There is currently no debt ceiling because former Speaker McCarthy suspended the limit until 2025 (foolishly). So Biden can borrow an unlimited amount of money. It went up $275 billion in ONE DAY. $442 billion in just two …

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Earnings being revised upwards despite leading economic indicators contracting; US deficit spending as a percentage of GDP is at its highest point outside of war or recession since 1960

Analysts are repeating the same mistake made during the 2008 Financial Crisis by revising earnings upwards despite a contraction in leading economic indicators, raising major warning signals. The US is experiencing deficit spending near 10% of GDP, reaching levels last seen in 2008, yet the Fed maintains that there is no recession in sight, leading …

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Pushin’ Too Hard? Mortgage Rates Jump To 23-Year Highs As Conference Board Leading Economic Indicator Declined To -7.6% YoY

by confoundedinterest17 Is The Fed pushin’ too hard on rates to fight inflation? Or not hard enough?? Between the data and the overnight momentum in overseas markets, bonds are at their weakest levels in years. Mortgage-backed securities (the bonds that dictate mortgage rates) didn’t swoon quite as much as Treasuries, but as of today, it was just enough …

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OPEC predicts a significant supply shortfall of over 3 million barrels per day in global oil markets next quarter, potentially leading to the largest inventory drawdown since 2007… Food prices have consistently increased

The fight against inflation is still ongoing… OPEC just said that global oil markets will face a massive supply shortfall next quarter. They expect a supply shortfall of more than 3 million barrels per day. If OPEC is correct, it would result in the biggest inventory drawdown since 2007. Voluntary production cuts by OPEC… pic.twitter.com/9I1ZPWrzU8 …

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VIDEO: Leading Presidential Candidate of Argentina and Anti-Leftist, Javier Milei, Says He ‘Shoves Anything a Damn Socialist Says Up His A**’

https://twitter.com/_/status/1696633030457139295 Part 1 of 4: Javier Milei, a libertarian, is the current favorite to win the presidential election in Argentina. I can see why. pic.twitter.com/M7qBiP50gr — Count Dankula (@CountDankulaTV) August 17, 2023 Part 2 of 4: https://twitter.com/_/status/1692611081695367673 h/t dr0id

Ukraine war could cost US half-trillion more if war ends now, potentially leading to the most costly and potentially corrupt foreign operation.

via asiatimes: If the Ukraine war ended tomorrow, the United States still would need to send hundreds of billions in aid to that country. The bill includes continuation of military assistance, budget support for the Ukrainian government and reconstruction assistance. President Biden has just asked for another US$24 billion to support Ukraine, primarily for military equipment but also budget support …

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