Mortgage Rates in the U.S. Soar to the Highest Since March 2020 (3.45% Nominal Rate, -3.59% REAL Rate)

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by confoundedinterest17 Mortgage rates in the U.S. rose for a third straight week, reaching the highest point in almost two years. The average for a 30-year loan was 3.45%, up from 3.22% last week and the highest since March 2020, Freddie Mac said in a statement Thursday. Rates tracked a jump in yields for 10-year Treasuries, which climbed to levels not … Read more

Anyone who believes that an entire generation can be financially obliterated with no impact to their own investments, deserves what’s coming.

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Anyone who believes that an entire generation can be financially obliterated with no impact to their own investments, deserves what's coming. Notice that this index has a perfect head and shoulders top. pic.twitter.com/UIbmaNCgzj — Mac10 (@SuburbanDrone) January 13, 2022 Stock Market Normality Returns, and It Hurts, by ⁦@jmackin2⁩ https://t.co/sECw8YfWB0 — Jason Zweig (@jasonzweigwsj) January 13, … Read more

Very healthy for someone sworn to defend the U.S. Constitution to be calling on monopolistic, coordinated, joined-at-the-hip to the federal government outfits to censor dissident viewpoints.

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Very healthy for someone sworn to defend the U.S. Constitution to be calling on monopolistic, coordinated, joined-at-the-hip to the federal government outfits to censor dissident viewpoints. https://t.co/YtNBrCAkJT — Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) January 13, 2022

WHY COLLEGE IS A WASTE OF MONEY

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by Jim Quinn This is INSANE🚨🚨. Penn State first assignment of the semester: “Explain why the Taliban is NOT a terrorist organization. You are not allowed to answer this question in any other way. Any attempt to avoid answering or try arguing otherwise will result in a failing grade” https://t.co/hrmnC23aEb — Candace Owens (@RealCandaceO) January … Read more

The Dems want high prices on EVERYTHING

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by Ed Driscoll  OUT ON A LIMB: Kevin McCarthy: Biden White House Likes High Gas Prices, ‘Whole Plan All About Green New Deal.’ House GOP Leader Kevin McCarthy told Breitbart News that Democrat President Joe Biden’s administration enjoys high gas prices because the Democrats are using that crisis to try to force Americans to accept their radical … Read more

Hypocritical: Senator Tommy Tuberville purchased nearly $350,000 in $BABA. He has previously publicly stated fierce opposition to Chinese investments.

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He previously invested more than $3.5 million in Chinese stocks like $BABA in Jan 2021. He failed to disclose these, filed late, and suffered no penalty. He introduced the Prohibiting TSP Investment in China Act to permanently ban funding in Chinese companies. Hypocritical. https://t.co/XMmJ2o2Z0r — unusual_whales (@unusual_whales) January 13, 2022

Germany sees house prices and energy costs soar

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by Shaun Richards Yesterday brought some relatively downbeat news for the German economy. It’s main industry body gave its view on developments. For Germany, the BDI expects GDP growth in the order of 3.5 percent this year – after 2.5 percent last year. German exports would increase this year by four percent compared to the previous … Read more

IRS Targeting Payment Apps

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by Martin Armstrong No one earning under $400,000 will experience a rise in taxes, the Biden Administration repeatedly promised. Unfortunately, albeit unsurprisingly, this is not true as the IRS is now hunting for new taxes for nearly every transaction that takes place. Payment apps such as Venmo, Zelle, Cash App, and PayPal were easy ways … Read more

High Inflation Means Lower Equity Valuations – Shiller’s CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible.

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High Inflation Means Lower Equity Valuations – Shiller's CAPE at 40 today, likely to drop to 25 at 5% inflation. 37% equity decline possible. h/t @michaellebowitz @jam_croissant @spotgamma @AnnTrades @HarrisSamaras #trading #TRADINGTIPS #ES_F #SPX500 #OptionsTrading #Options pic.twitter.com/nqSyDzAf77 — Patrick Hill (@PatrickHill1677) January 13, 2022 https://twitter.com/leadlagreport/status/1481674419151978500