US Mortgage Applications Dropped 2.4% WoW, Purchase Applications 16% Lower YoY (NOT The Guns Of August)

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by confoundedinterest17 Even though home prices are skyrocketing (Case-Shiller 20 up 19% YoY in June), mortgage purchase applications are not growing at the speed of home price growth. Some of it is the rise in the S&P 500 and other stock market indices allowing some to pay cash for a home (30% according to Redfin). Mortgage … Read more

Rep. Jim Banks will introduce an amendment to ban critical race theory indoctrination in the military.

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Our military must focus on developing a new strategic vision and improving its lethal capacity, not navel-gazing about "white rage" and organizing Robin DiAngelo book clubs. Critical race theory will degrade our military and endanger our nation. Thank you, @RepJimBanks! — Christopher F. Rufo ⚔️ (@christopherrufo) September 1, 2021

Biden caught in Afghan coverup… Reuters transcript leaks…

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Reuters reviewed a transcript of the presidential phone call and has listened to the audio to authenticate the conversation. The materials were provided on condition of anonymity by a source who was not authorized to distribute it. — Election Wizard (@ElectionWiz) September 1, 2021 Joe Biden wanted the now-departed Afghan president to create the ‘perception’ … Read more

ECB’s total assets now equal to almost 80% of Eurozone’s GDP vs Fed’s 37%, BoE’s 39%, and BoJ’s 133%.

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https://twitter.com/macro_daily/status/1432858114919960583 Hey @neelkashkari… why is the Fed lending money to Blackrock at 0.05% to go out and buy houses (i.e., compete against poor people), vs. poor/middle-class Americans who are forced to take home loans out at 4-5%? Is this not the definition of inequality? — Gordon Johnson (@GordonJohnson19) September 1, 2021

Australia is an Embarrassment to Humanity…

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Australia is an Embarrassment to Humanity pic.twitter.com/iQ6PO7dDdb — Tone Vays (@ToneVays) September 1, 2021 1939 has been passed by Australia long ago, I'd say it's closer to 1941:https://t.co/KtkXg9Vrbb — Tone Vays (@ToneVays) September 1, 2021 Indefinite stay at Quarantine camphttps://t.co/PXRDSNFK8j — Citizen Free Press (@CitizenFreePres) September 1, 2021 https://twitter.com/Chrissy_2697/status/1432658892115386370 Australia: Unprecedented surveillance bill rushed through … Read more

The reflation trade is dead on a tactical level due to this… The G3 credit impulse is the worst since 2008…. The signs are numerous. Day of reckoning is coming.

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Does it matter? Yes it does (on a tactical allocation horizon) E.g. the Credit impulse vs. Commodities here. AAAAAAAAAAAH! 😱 pic.twitter.com/9TZznjBP12 — Andreas Steno Larsen (@AndreasSteno) September 1, 2021 https://twitter.com/PuffDragon11/status/1432879448509005825 Exactly! “No way of avoiding the final collapse of a boom brought about by credit expansion….” It is coming sooner or later! https://t.co/jf30Mhk0Xc pic.twitter.com/S0Q8Vx8hk4 — … Read more

Supreme Court allows Texas 6-week anti-babykilling law to take effect… MSM can’t handle the decision…

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Politico is not pleased…   The Supreme Court early Wednesday let a Texas state law take effect that allows private citizens to sue to uphold a ban on the procedure after six weeks of pregnancy, potentially creating a new template for states to impose strict restrictions on the procedure.   The court’s decision to not … Read more

Forbes censors, removes ‘negative’ Mask story from website… Here’s the archived version…

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https://www.forbes.com/sites/zakringelstein/2021/08/18/school-mask-mandates-mean-trauma-for-millions-of-children-especially-those-from-low-income-families/?sh=7a12c92e23a8 https://web.archive.org/web/20210901170941/https://www.forbes.com/sites/zakringelstein/2021/08/18/school-mask-mandates-mean-trauma-for-millions-of-children-especially-those-from-low-income-families/?sh=5e5b76fa23a8

Chase Bank cancels General Flynn’s credit cards… Update — Chase Bank apologizes, reinstates General Flynn’s credit cards…

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UPDATE   CHASE BANK apologizes to General Flynn after backlash from customers.   The Blaze has the details… 🚨🚨BREAKING: Chase Bank cancels its credit card accounts with General Flynn citing possible “reputational risk” to their company. In case there was any doubt what is happening in this country. @TracyBeanzOfficial pic.twitter.com/GIyQHXgW9l — Regina Hicks (@reginahicksreal) August … Read more

Lyft driver shitcanned for listening to Sheriff David Clarke on the radio… Passenger complained it was ‘racist’…

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A Lyft driver claims the app permanently deactivated his account after a passenger complained that he was listening to News/Talk 1130 WISN during her ride.   Ryan Alexander, who had been a Lyft driver for years, tells “The Dan O’Donnell Show” that a Lyft representative told him during a phone call Saturday that his account was … Read more

GOP Congressman in Afghanistan MISSING!

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https://twitter.com/Breaking911/status/1432870661794451458 https://twitter.com/toddstarnes/status/1432894271732998148 NEW 🚨 The Washington Post reported that Rep. Markwayne Mullin has gone rogue to travel to Taliban-controlled Afghanistan on a rescue mission, in the face of multiple warnings not to do so from the Pentagon and State Department — and that nobody knows where he is. — Insider Paper (@TheInsiderPaper) September 1, 2021 … Read more