U.S. Mortgage Rates Hit Another Record Low With 30-Year at 2.65% (Crazy Money Printing By Fed)

by

by confoundedinterest17 (Bloomberg) – Prashant Gopal – Mortgage rates in the U.S. started 2021 by setting another record low. The average for a 30-year, fixed loan fell to 2.65%, down from 2.67% last week and the lowest in data going back 50 years, Freddie Mac said in a statement Thursday. It was the 17th record low since the coronavirus … Read more

IRS Sends MILLIONS Of Stimulus Payment Direct Deposits To The WRONG BANK ACCOUNTS

by

via silverdoctors: Mnuchin was pretty confident at the end of the year, and I’m not kidding about the payments being nothing more than a file: .@USTreasury has delivered a payment file to the @FederalReserve for Americans’ Economic Impact Payments. These payments may begin to arrive in some accounts by direct deposit as early as tonight and … Read more

Another Nail In The Coffin Of Big Cities

by

BY JOHN RUBINO  The riots, political turmoil, and other banana republic embarrassments seem to be ending – for now. So let’s get back to examining the real problems of this hyper-leveraged, dangerously-complex world. Like how big cities might soon be obsolete: Pretend it’s 2019 and you’re living in a major US city. You, your spouse and … Read more

TSLA – Tesla market value today is more valuable than all the world’s major auto makers combined – what gives?

by

by get_reddit_1 Tesla market value today (716 Billion) is about the same as the market value of all the world’s major car makers combined. In addition China’s BYDDY (86B) and Nio (78B) are both more valuable than Daimler (74B) even though NIO only delivered less than 40,000 cars in all of 2020 with huge loss. … Read more

Tesla’s incredible run continues, up 28% in the last month and 15% in the last week. Now at $3850 pre split and $770 post split

by

by can_wien07 Over the last 3 months there were endless discussion and a analysis suggesting that the tesla bubble was going to pop anytime now. It appears that tesla is going to be permanently viewed as a ~600B company at minimum going forward. For those who are familiar with Gary Black. He provides nuanced projections … Read more