Independent thinking for complex markets and current events
If a blockbuster tax reform proposal from Casper Republican state Rep. Steve Harshman goes the distance, most property taxes in Wyoming would be eliminated in lieu of hiking the state sales tax by 2%. Harshman is the sponsor of House Bill 203, which would remove all property taxes for an estimated 97% of Wyoming homeowners. In …
In English: The military may borrow your property…. https://rib.msb.se/filer/pdf/30307.pdf h/t Its Time
Iran declares Antarctica its property in direct challenge to Biden, global treaty … pic.twitter.com/IQqn9zIznS — scanner (@tivox_seo) February 15, 2024 JUST IN – Iran declares Antarctica its property in direct challenge to Biden, global treaty – Fox — Insider Paper (@TheInsiderPaper) February 15, 2024 Iran declares Antarctica its property in direct challenge to Biden, global …
The 2008 US housing market crash stands as one of the worst collapses in economic history — and its lessons remain relevant as China deals with its own real estate crisis. Beijing is facing a narrow policy path toward an economic rebound this year, and the International Monetary Fund has warned that the country is …
Olivia Chow, the communist mayor says that to close the $2B annual budget shortfall of Tronna, they must jack up taxes. Forget cutting spending, just continue to tax the hell out of everyone!!!! Well, that’s communism for you. via CBC.CA: With the recommendation of an additional 1.5 per cent increase to the city building tax, …
Will arrest anyone who trespasses. Feds can remove their gear and only allowed to enter if there’s a medical emergency. Anyone, including Feds, who breach will be arrested. #BREAKING The state of Texas has seized all city property along the riverfront at the border in the Eagle Pass area under governors emergency powers, including federal …
I never understood the second rule. If you return stolen property to the rightful owner the next year, can you then claim tax deduction? h/t TonyLiberty
An official with the Transportation Security Administration (TSA) has been arrested on an outstanding warrant, according to local reports. TSA Assistant Federal Security Director Maxine McManaman was arrested in Atlanta by U.S. Customs and Border Protection on Dec. 28. McManaman had a warrant for her arrest posted by the St. Lucie County (Florida) Sheriff’s Office, …
Big corporate landlords like Blackstone are defaulting on mortgages of commercial property across America. Resulting in 90% declines in values in some cases, especially in cities like Las Vegas. Where Blackstone is nearing default on a 1.4 million SF office complex. One of several big properties than Blackstone has stopped making payments on and could …
Jan 3 (Reuters) – Some of China’s top banks have sharpened scrutiny of smaller peers’ asset quality and have tightened standards for interbank lending, three sources said, in an effort to curb credit risk as a deepening property debt crisis ripples through the economy. Two of China’s biggest state-owned banks and a leading joint-stock bank …
“If the Supreme Court rules in favor of the government, and allows it to redefine income to include any unrealized appreciation in any asset, then it will grant the Federal Government a new power to nationalize the entire asset stock of the nation. In hyperinflation, the only refuge people have is the ability to hold …
by confoundedinterest17 The US housing market is goin’ down! While the Case-Shiller National home price index is rising again, it has been slowing since March 2022. This is happening as “the honey pot” (aka, M2 Money printing) growth is now negative. While real hourly compensation growth is slightly, the average rate of growth since April …
via notayesmanseconomics: As 2023 developed we saw rather a divergence between our view of the Chinese economy and the media or mainstream one.Their view was one of economic recovery whereas we continued with the theme of the consequences of the bursting of the property bubble.Indeed in something of a theme for today there was a …
via YAHOO: Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd. may soon be asked for the first time to provide unsecured loans to developers, many of whom are in default or teetering on the brink of collapsing. The risky lifeline threatens …
Texas voters overwhelmingly granted themselves a whopping $18 billion property tax cut while establishing dedicated funds to improve and expand state parks, prepare for future statewide water needs and extend the reach of broadband internet to the most remotes parts of the state, according to the unofficial election results Tuesday night. In all, voters were …
Hui Ka Yan, the founder and chairman of embattled Chinese property developer Evergrande, was once Asia’s second-richest person worth $42 billion in 2017. But the tycoon has fallen far from his perch. Hui — who is now under police surveillance — recently lost his billionaire status after his fortune plunged 98% from its peak amid …
The ongoing property crisis in China is taking an epic turn, with the nation’s real estate index plummeting back to 2009 levels, marking an approximate 80% drop from its peak. This alarming situation prompted Chinese President Xi to make his first-ever visit to the central bank, signaling a shift towards a much-needed fiscal stimulus. China …
https://t.co/XBw4c92N4m — Win Smart, CFA (@WinfieldSmart) October 23, 2023 If that’s true, there is no recovery from this. It’s a matter of time. Might be a long time or a short time, but it’s all coming down. Contagion $100B+ in defaults in China's property bond sector could ripple through the world economy. It might impact …
In August, China experienced its largest monthly capital outflow in nearly eight years. China had a capital outflow of $49 billion in August, the largest monthly outflow in almost 8 years 🚨 pic.twitter.com/h9dXDHxC8s — Barchart (@Barchart) October 22, 2023 https://twitter.com/NorthmanTrader/status/1716166335049114018 China’s Country Garden risks default after ‘missing bond payment’ The crisis in China’s property sector …
Mortgage rates are now officially TRIPLE where they were just 2 years ago. However, the median sales price of a home continues to rise. Affordability is so bad that not even investors can afford to buy. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) October 17, 2023 US …
Chinese property stocks are on track for a 14-year low, as stress in the sector continues to rise amid slumping home sales and deepening debt woes for major developers, per Bloomberg. — unusual_whales (@unusual_whales) October 18, 2023 Fears that Country Garden will defaultAre growing by the day pic.twitter.com/Shl9wCMNca — Longview Economics (@Lvieweconomics) October 18, 2023 …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …
https://www.zillow.com/homedetails/812-N-Record-Ave-Los-Angeles-CA-90063/20646595_zpid/ 1 bedroom 1 bath 400 square feet That’s only $2385 a month mortgage. h/t The Don Of Nantucket
Financial markets ponder the prospect of a fresh inquiry at the company, still yet to get to grips with huge financial problems that have sparked a series of defaults on its debts. Shares in crisis-hit China Evergrande have plunged by up to a quarter after the apparent detention of staff by police. The company, which …
JPMORGAN: “.. there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than [markets] anticipate. Risks of an interest rate shock .. are clear: consumer credit .. funding of startups .. impact on employment ..” [Kolanovic] pic.twitter.com/PvXkzsZA2Z — Carl Quintanilla (@carlquintanilla) September …
https://twitter.com/Rugiir/status/1695132965536174346
Every homeowner got a letter increasing home values by 35% up to 43% Needless to say people are pissed. Property values in Summit County are set to rise by historic amounts next year after the Ohio Department of Taxation ordered a 34% increase countywide. This is not unique to Summit County, as the Department of …
