Despite Mortgage Rate Declines, Mortgage Purchase Applications Fall With Smokin’ Home Price Growth (What Will The Fed Do?)

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by confoundedinterest17 While the Fed’s Jackson Hole meeting is going on, the Mortgage Bankers Association released their weekly applications data. Mortgage purchase applications fell -1.6% from the previous week. But look at the following chart. With smokin’ home price growth, we are seeing a decline in mortgage purchase applications. But at least mortgage refinancing applications are … Read more

Democrat Donor Ed Buck Found Guilty In 2 Deaths!

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LOS ANGELES (CBSLA) — Former political donor Ed Buck was convicted Tuesday of a series of federal charges, including providing methamphetamine to two men who died in his West Hollywood apartment. The 66-year-old was convicted of all nine counts he was facing. Jurors deliberated for just four and a half hours before reaching a verdict. https://losangeles.cbslocal.com/2021/07/27/ed-buck-guilty-verdict/

Real Negative Mortgage Rates Abound As Do House Price Bubbles (Pfandbriefe 10Y Rate Negative Too) The Case Of Germany Versus USA

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by confoundedinterest17 Living in a negative rate world … It is not surprising that the REAL German Pfandbriefe 10-year rate is negative, since the NOMINAL rate is also negative. Especially since the NOMINAL German sovereign yield is negative. When we subtract German inflation from the Pfandbriefe 10-year rate, we get a REAL Pfandbriefe rate of 2.365%. A … Read more

Arrest Warrant Issued For Big Democrat Representative

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A group of Texas Democrats bolted to Washington D.C. earlier this month to break quorum and prevent their Republican colleagues from passing election integrity bills, abortion restriction bills, and bills restricting the participation of biological males in girls’ sports. Now, at least one of those Democrats is about to face the music. Texas Democrat state Rep. … Read more

Multiple States – Florida, South Dakota, and Texas – REJECT New CDC Mandates and Guidelines

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https://twitter.com/SwainForSenate/status/1420115047158669312 https://twitter.com/SwainForSenate/status/1420133437915074562 https://twitter.com/govkristinoem/status/1420148181157957632 The time for government mask mandates is over—now is the time for personal responsibility. In May, I signed an executive order prohibiting mask mandates by gov't entities. Every Texan has the right to choose whether they will wear a mask or have their children wear masks. — Greg Abbott (@GregAbbott_TX) July 27, … Read more

Just How Transitory is Inflation?

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by Michael Lebowitz Just How Transitory Is Inflation? Would you buy a five year CD paying 5%? We would be shocked if anyone answers “no.” On a relative basis, versus other fixed-income options, a 5% FDIC guaranteed CD is a no-brainer. However, to properly evaluate the CD or any investment, we need to factor in … Read more

Danielle DiMartino Booth offers an insider’s take on the Federal Reserve’s economic plans

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Boom Bust, Released on 7/27/21 As the United States continues to recover from the pandemic’s economic strain, the nation’s central bank is debating its next moves forward. CEO of Quill Intelligence Danielle DiMartino Booth offers an insider’s take on the Federal Reserve’s economic plans. Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence … Read more

Housing Market – This Time it is Different

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by Martin Armstrong Housing prices have surged at rates not seen since the lead-up to the 2008 financial crisis, according to global data. This has led to questions of whether the housing market is in a bubble that could burst. However, there is one thing that is very clear. This is an entirely different run-up … Read more

WHAT COULD GO WRONG?

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Med Schools Are Now Denying Biological Sex. Why would medical school professors apologize for referring to a patient’s biological sex? Because, Lauren explains, in the context of her medical school “acknowledging biological sex can be considered transphobic.” When sex is acknowledged by her instructors, it’s sometimes portrayed as a social construct, not a biological reality, she says. … Read more

Reverse China Syndrome: Nasdaq China Index Falls Another 4% On Rout Over China’s Clampdown On Technology (Food Clamdown Coming Next!)

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by confoundedinterest17 This is a China Syndome in reverse. The Hang Seng Index (HSI) is down another 4%+ today as China continues to clampdown on technology companies, with the regulators taking aim at the food sector today. The HSI is now down nearly 20% after printing an all-time high in February this year. The indices’ constituents … Read more

“The Bank Was Saved, and the People Were Ruined.”

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by Jeff Thomas via International Man The above quote is from William Gouge, commenting on the Panic of 1819. The panic had been caused when the First Bank of the United States had first expanded the money supply dramatically by offering loans, then contracted the money supply by tightening its requirements for new loans, causing a … Read more

Nailed it again, The Science™!

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Cases in Thailand are up 696,400% since National Geographic said that they had done an amazing job preventing COVID from “gaining a foothold” due to a commitment to masking & public health Nailed it again, The Science™! pic.twitter.com/0DgUfZ0SWG — Ian Miller (@ianmSC) July 27, 2021