Investors Bought a Record 18% of the U.S. Homes That Sold in the Third Quarter

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Source. Investors purchased a record $64 billion worth of homes as growing housing and rental prices boosted prospects for returns. Single-family homes made up nearly three-quarters of investor purchases—an all-time high. Low-priced properties represented 36% of investor purchases, the smallest share on record. Investors had the largest market share in Atlanta, Phoenix, Charlotte, Jacksonville and … Read more

Rivian Is The Modern Day Pets.com

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by OtherwiseSail3 Rvian has obtained legendary status among the Pets.com of the world with its ability to command a market cap of 130B+ on virtually 0 sales. Even banking Rivian will be able to deliver on all of its pre-orders (which are never guaranteed) there are so many obstacles and risks to their success; they should … Read more

Watch that $DXY….the international markets are already signaling big dollar shortage…. Crypto is crashing… U.S. stock market to follow?

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#recession … #Global $USD #Liquidity #Squeeze edition$DXY 📈 https://t.co/GpRi0MOZq9 — Invariant Perspective (@InvariantPersp1) November 16, 2021 Watch that $DXY….the international markets are already signaling big dollar shortage. Hasn't come back to the US/Canadian markets yet….but it will. — Beware Confirmation Bias (@NathanDallon) November 16, 2021 https://t.co/Lacy3Cf4ij — Invariant Perspective (@InvariantPersp1) November 16, 2021 #recession … … Read more

Horrific Video Of Classless Woman Throws A Cup Of Hot Soup In Restaurant Manager’s Face

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A restaurant manager’s TikTok video, in which she describes having soup thrown in her face by an angry customer, is going viral. The incident was also captured on surveillance video. https://youtu.be/_7AgZR7YiS8 https://www.kxxv.com/hometown/bell-county/temple-police-investigating-soup-throwing-incident-as-a-higher-level-offense   h/t zafarkhan

Biden Spending to Build Back Stagflation

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by: Stefan Gleason President Joe Biden signed a $1.2 trillion “infrastructure” bill into law on Monday amid growing concerns that his administration’s policies are fueling higher inflation. Former Treasury Secretary Larry Summers, a Democrat, is warning of an economically and politically ruinous inflation problem brewing. He wrote in a recent Washington Post op-ed that “far too much fiscal … Read more

Tesla drops below $1 trillion market cap

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https://finance.yahoo.com/news/tesla-drops-below-1-trillion-market-cap-154047937.html Over the weekend CEO Elon Musk said he could sell more stock, in what many saw as an off-color response to a tweet from Senator Bernie Sanders. Musk sold about $6.9 billion in shares last week, sending the stock price lower. Tesla shares are down more than 15% over the last five sessions. It … Read more

More price increases

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by BeccaBas I work in distribution, not any of the really big ones but also not small. In my area we get and manage the pricing from our suppliers. I’m seeing an influx of emails announcing 10 to 25% increases effective Jan 1. Normal Jan 1 increases run 3 to 5%. They are citing material … Read more

WHY ON EARTH is RIVIAN still going up?!

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by P13r15 I know everyone is hoping it’s the next tesla and is FOMOing on every EV, but a company that barely made ANY deliveries , having the 3rd highest market cap in the car industry (140B+) , is plain ridiculous for me… And I don’t care about the Amazon rumors.

GOP Congresswoman’s Marijuana Legalization Bill Draws Fire From Home-State Republican Party

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After @RepNancyMace rolls out a Republican plan for federal marijuana legalization, the @SCGOP issues a statement opposing it. pic.twitter.com/vrLdAns5f2 — Nick Reynolds (@IAmNickReynolds) November 15, 2021 Shortly after Rep. Nancy Mace (R-SC) held a press conference formally unveiling the legislation, South Carolina Republican Party Chairman Drew McKissick issued a statement affirming that the organization opposes … Read more