Independent thinking for complex markets and current events
by confoundedinterest17 I call this the house latitudes. Horse latitudes is a belt of calm air and sea occurring in both the northern and southern hemispheres between the trade winds and the westerlies. And when the ships motion stalled, the crews would jetison their cargo of horses to the delight of sharks! So, we are in state of HOUSE latitudes …
by confoundedinterest17 We are all riders on the Biden housing storm. Existing-home sales have finally started to improve on a seasonally adjusted basis after a three-year decline. Cause? Raging home prices combined with higher than normal mortgage rates. Home prices are up 35.4% under Biden while conforming 30Y mortgage rates are up 148%.
The transit service for the Washington, D.C., metropolitan area is now using police officers to enforce bus fare payments, amid 70% of riders not paying and losing nearly $50 million annually in recent years, according to news reports. “We’re not interested in citations. We’re not interested in arrests. The less citations and less arrests, that’s …
The escalating crime wave engulfing the NYC subway system has instilled fear among commuters, leading to a decline in ridership as safety concerns intensify. In response, the NYPD has initiated efforts to regain control, focusing initially on arresting fare evaders. However, the effectiveness of this strategy is debatable, as it addresses only one aspect of …
“Signs outlining the expectations we have of riders are now being installed at light rail and bus rapid transit stations,” Metro Transit wrote in a post on social media. “Those who violate these rules will be removed from transit property.” Signs outlining the expectations we have of riders are now being installed at light rail …
“Hey, have you heard the latest from China? They’re going all-in on the cashless life! Tencent Holdings, the social media powerhouse, has just launched a super cool payment service for Beijing metro riders. And get this – you can pay for your ride with just your palm! No cash, no card, no problem. It’s all …