US Mortgage Demand Declines -8.8% Since Last Week As Mortgage Rates Rise 2.06% WoW, Purchase Mortgage Demand Down -36% YoY, Refi Mortgage Demand Down -56% YoY

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by confoundedinterest17 It’s only mid April and mortgage demand should be approaching it’s yearly high. But under Biden and The Fed, mortgage demand seems to have peaked earlier than normal. It’s already late in mortgage cycle. Mortgage applications decreased 8.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications … Read more

Donald J. Trump: “Elon Musk is just trying to make friends with the absolutely horrible Biden Administration because of all the government subsidies he gets, and all the permits he needs….”

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View post on imgur.com Donald J. Trump @realDonaldTrump I don’t believe Elon Musk voted for Biden, not for a minute! He told me that he voted for me, but who knows about that, and who cares? Elon is just trying to make friends with the absolutely horrible Biden Administration because of all the government subsidies … Read more

More Chinese Police Stations Found in US

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https://t.co/XcLbT2X4gx — Bernard B. Kerik (@BernardKerik) April 19, 2023 In addition to the Chinese police station above a noodle restaurant in Manhattan’s Chinatown, there is another station at an undisclosed address in New York City, as well as an outpost in Los Angeles, according to a new report by Safeguard Defenders. The Madrid-based human rights … Read more

UN document March 2023 – UN taking lead in a crisis. Includes global warming & major event from outer space that could cause severe disruptions

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This smacks of a one world government protocol. Brief Over view: New UN document calls for the UN Secretary General to become de facto dictator of the world in the event of any situation deemed to be a "crisis". Full video: https://t.co/lbxMPMSbIR#GreatReset #NewWorldOrder #UnitedNations #OneWorldGovernment #WorldGovernment… pic.twitter.com/5fIRJ6u0Gt — Wide Awake Media (@wideawake_media) April 18, 2023 … Read more

It didn’t stop at guns in the UK…

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Kitchen knives could be seized from the homes of suspected criminals under a proposed Home Office plan. Police will be consulted by ministers to allow them extra powers to ‘seize, retain and destroy bladed articles’ kept in private, even if the knives are ‘not on the Home Office’s banned list of weapons’. According to The Telegraph, the move … Read more

Americans now spend MORE on weed than on chocolate

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Americans spent more money on legal weed last year than chocolate and craft beer combined after major changes to marijuana laws, a new report has revealed. Tapped at $30billion by cannabis website MJBizDaily, the monetary measure of legal marijuana sales increased by more than $12million from the year before, when only Washington and Colorado were … Read more

Illinois Assault Weapons ban still in affect. After Judge shoots down the appeal

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A federal appeals court Tuesday ruled to keep an Illinois state-wide “assault weapons” ban in effect, denying a request from a business owner who claims the ban is unconstitutional. The 7th U.S. Circuit Court of Appeals decided to uphold a lower ruling by U.S. District Judge Virginia Kendall, who found the ban to be “constitutionally … Read more

Out Of Time? US Credit Default Swap 1Y Breaches 100 As US Treasury Curve Remains Inverted And M2 Money Growth Crashes

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by confoundedinterest17 The US is beginning to be out of time for agreeing on a debt limit increase. But you don’t need a fortune teller to tell you that Biden and McCarthy will eventually agree to increase the US debt limit because everyone in Washington DC love to borrow and spend money. Regardless, we are seeing the 1-year US Credit … Read more

Rates are going higher, massive defaults are coming, small business confidence is plummeting. Bulls, you are officially TRAPPED.

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Past 10 days have been wild: — Capital One shut off all dealer floorplans (aka inventory lines of credit) — USA Auto Sales shut down 39 dealerships after losing its Ally floor plan — Wells fargo laid-off all its junior Auto loan underwriters and capped future loans Insanity. — Car Dealership Guy (@GuyDealership) April 18, … Read more

Why Are Thousands Of Chinese Men Suddenly “Migrating” Across Our Southern Border?

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by Michael Vast numbers of Chinese citizens are illegally crossing our border with Mexico.  The U.S. Border Patrol is able to apprehend some of them, but thanks to the Biden administration once they are processed most of them are given “notices to appear” and are then freely released into our communities.  That means that they … Read more

Alarm Signals in Bank Reports

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by bitkogan I continue to discuss banks, as nearly all the reports presented today have (surprisingly!) exceeded expectations. Here’s a brief overview of the numbers and what I’m paying attention to: 1️⃣ Bank of America (BAC) — Revenue reached $26.3 billion, surpassing the forecast of $25.25 billion. — Earnings per share (EPS) were $0.97, higher than … Read more

$10 billion in CA taxpayer funds have gone to the issue in just three years — over 55% of the nation’s homeless now reside in California.

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California's approach to homelessness is making the issue worse, says @MayorBillWells. $10 billion in CA taxpayer funds have gone to the issue in just three years — over 55% of the nation's homeless now reside in California. More info: https://t.co/dHMmjKqlmY pic.twitter.com/gs49eNXyti — KUSI News (@KUSINews) April 15, 2023

Reddit founder wants to charge Big Tech for scraped data used to train AIs: report

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Online community network Reddit wants to start getting paid by large artificial-intelligence companies that scrape data off its message boards to help train AI products. In an interview with the New York Times, Reddit founder and Chief Executive Steve Huffman said that the “Reddit corpus of data is really valuable. But we don’t need to … Read more