Home affordability has dropped to levels roughly 3 times worse than during the GFC.

Home affordability has dropped to levels roughly 3 times worse than during the GFC. Home stats have become troubling. Source: Morgan Stanley pic.twitter.com/MmKhUDrSKF — Ayesha Tariq, CFA (@AyeshaTariq) February 27, 2023 🎶 Do you remember 🎶🎶 We have seen this before. It doesn’t end well. 🧐 pic.twitter.com/4gZJaKrZQI — Wall Street Mav (@WallStreetMav) February 27, 2023 … Read more

More & more indicators are suggesting one thing: recession.

US manufacturing production, a coincident indicator, is contracting at a 1.9% annualized pace, a level generally not seen outside of recessions. 1/2 pic.twitter.com/LmFe5y8Vfl — Eric Basmajian (@EPBResearch) February 27, 2023 This data comes from the EPB February Cyclical Trends Update and video presentation. More information here: https://t.co/4z4IoNN7C7 — Eric Basmajian (@EPBResearch) February 27, 2023 https://twitter.com/steveanastasiou/status/1630342324273434624 … Read more

Virginia Moves to Ban China From Buying Farmland

Virginia will ban foreign adversaries, including China, from buying agricultural land in the commonwealth after legislators in the House of Delegates and Senate recently approved versions of the proposal and sent the measure to Republican Gov. Glenn Youngkin for his expected signature. The ban would be retroactively effective from Jan. 1. Prohibiting China from buying … Read more

Elon Musk Criticizes U.S. Military for Diversity Focus

Twitter CEO Elon Musk called out the Defense Department on Sunday, alleging that the military has lost focus on national defense after the agency tweeted about a DEI diversity “summit” it held last week. DoD’s tweet about the summit described diversity in the military as “a strategic imperative critical to mission readiness and accomplishment.” Musk … Read more

Minnesota’s Dem Governor Set to Sign Bills Restoring Voting Rights to Felons, Providing Drivers License to Illegals

Minnesota Governor Tim Walz is poised to sign a pair of bills that recently passed the state Senate which restore the voting rights of convicted felons immediately upon release and grant the ability for illegal immigrants to obtain a driver’s license. First up is legislation known as the Restore the Vote bill, having passed the … Read more

RNC CHAIR GIVES TRUMP AN ‘ULTIMATUM’

Republican National Committee chair Ronna McDaniel said Sunday that any candidate who wants to take part in the GOP’s first primary debate later this year in Milwaukee will have to sign a loyalty pledge beforehand, otherwise they will not be able to participate in the debate. This announcement comes as a surprise in what seems … Read more

Warning: Our Proprietary Crash Trigger Just Hit a Confirmed “Sell”

By Graham Summers, MBA The Fed has now made what would be its second “career ending” mistake if it operated in the real world. The first such mistake concerned its ludicrous claim that inflation was “transitory” throughout 2021- 2022. Anyone who bothered doing any real research knew that argument was total nonsense… yet somehow the … Read more