This disgrace explains real estate prices

There is so much fraud in the US real estate industry that if you included the fraud, the number of investment properties would rise 50% FIVE ZERO. Those fraudulently obtained mortgage default at a 75% higher rate than legally obtained …

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James E. Thorne: ‘The Fed is late, wrong, and totally out of control. Just like the IMF and World Bank, its mission creep is historic. No surprise—they’re all failing the real economy.’

The Fed is hopelessly out of touch. Rate hikes, aimed at controlling Biden’s reckless spending, have crushed the private sector. Now, with tariffs thrown into the mix, their late response is nothing short of historic incompetence. Do they even listen …

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This is the fragile global economy — already broken — now buckling under the first real shock. There is no soft landing. The next stage of the downturn has already started.

South Korea is bailing out small businesses. China is injecting $80B into its banking system. Factories are furloughing workers. Bond markets are collapsing. The Bank of Korea froze, paralyzed by “uncertainty,” but will be forced to cut rates again. The …

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