Los Angeles Housing Market Carved Up by Unaffordability & Divergence in Demand

Low Tier Skyrockets. Super-Luxury in Trouble. Condo, High-Tier House Prices Stall Since mid-2018. By Wolf Richter for WOLF STREET. The Los Angeles metro housing market has some of the most expensive properties in the US. They’re listed at aspirational prices, and they sell for a lot less, years after having been first listed. The most expensive home on the … Read more

VIDEO: Obama is Demanding that This Political Ad Be Removed From Television

Obama Demands TV Stations Pull Misleading Ad https://politicalwire.com/2020/02/26/obama-demands-tv-stations-pull-misleading-ad/ IT’S NOT A BLIND EYE. THEY’RE ACTIVELY TURNING OUT THE LIGHTS. BECAUSE DEMOCRACY (NOT TO MENTION THE REPUBLIC) DIES IN DARKNESS, AND THAT’S EXACTLY WHAT THEY’D LIKE TO HAPPEN:  Never forget the media’s blind eye to Obama’s corruption. h/t dr0id

So much cash on the sidelines (that can be deployed or re-deployed)

by WSBConsensus Total U.S. money-market fund assets grew by $13.61 billion to $3.589 trillion for the reporting week ending Feb. 25 Add buyback bid unspent war-chest ($4bn per day in working buy orders) Add Private Equity unspent war-chest. PE wont care about no corona in their DCFs Add that CTAs just finished selling and if anything will turn buyers from here Add … Read more

Charlie Kirk: Three Chinese nationals were apprehended trying to cross our Southern border illegally – Each had flu-like symptoms

Charlie Kirk Verified account @charliekirk11 BREAKING: Three Chinese nationals were apprehended trying to cross our Southern border illegally Each had flu-like symptoms Border patrol quickly quarantined them and assessed any threat of Coronavirus Our weak border is a health risk Close the border—Build. The. Wall. RT! BREAKING: Three Chinese nationals were apprehended trying to cross … Read more

The Budget Problem Washington Dare Not Mention

It’s the unfunded future obligations under Social Security, Medicare and other entitlements that make the national debt $122 trillion, not the officially cited figure of $23 trillion. The Committee for a Responsible Federal Budget (CRFB) had an otherwise-excellent summit on the budget Tuesday that featured Senate Budget Committee Chairman Mike Enzi (R-WY), Sen. James Lankford (R-OK) and … Read more

Major CEOs Who Stepped Down in the Past MONTH: What’s going on?

Grace @reallygraceful Major CEOs who stepped down in the past month: -DISNEY -MASTERCARD -LBRANDS -UBER EATS -HULU -MGM -IBM -LINKEDIN What’s going on, y’all? Major CEOs who stepped down in the past month: -DISNEY-MASTERCARD-LBRANDS-UBER EATS-HULU-MGM -IBM -LINKEDIN What's going on, y'all? — Grace 🔎 (@reallygraceful) February 26, 2020   h/t dr0id

Just a Corona Correction?

By Harry Dent The markets on crack have largely ignored the coronavirus, which obviously could be a potential game changer. And now they react, down 2,600 points on the Dow, as soon as it hits a “white toast” country like Italy. Yes, the markets are quite bigoted! The markets have been on a tear ever since the … Read more

JAMES O’KEEFE COLLECTS ANOTHER SCALP: ABC News suspends David Wright for remarks made in Project Veritas video.

via foxnews The veteran reporter expounded at length on his political views. “I would consider myself a socialist, like I think there should be national health insurance,” he said. “I’m totally fine with reining in corporations, I think they’re too many billionaires, and I think there’s a wealth gap – that’s a problem.” In the hidden video … Read more

Usually the worst credit mistakes are made after the Yield Curve Inverts. Blow Off Tops apply max pressure on value investors. Is This Time Different?

The fact that IFRS books it as “Equity” should be a dead giveaway. $DB Leverage actually increased to 36x tangible equity ex DTAs in 4Q19. — PlungeProtectionTeam (@gamesblazer06) February 26, 2020 Stop me if you’ve head this before: The 30 Year TSY hit a record low today 1.30%$TLT @chigrl @GaryKaltbaum @DiMartinoBooth #treasuries #rates — Reminiscences … Read more

HR 2339- ban ALL vapor products in ALL flavors except tobacco- scheduled for vote in House Thurs 2/27

(Update – 02.21.20) Oppose H.R. 2339! HR 2339 (Pallone-NJ), which would, among other things, ban vapor products in flavors other than tobacco, is scheduled for a vote by the full House of Representatives on Thursday, February 27, 2020 Take Action – Send a Message urging your officials to VOTE NO on HR 2339! https://www.votervoice.net/CASAA/Campaigns/68346/Respond?vvsn=BAAAAAyzAC6rQACzJ6V7FBA https://www.votervoice.net/mobile/CASAA/Campaigns/68346/Respond?vvsn=BAAAAAyzAC6rQACzJ6V7FBA … Read more

No fear for GROWTH stocks

by WSBConsensus So what did investors do during the past 2 day sell-off? Bought Growth. If you look at the complexion of the flow, the continued outperformance of Momentum (+121bps) and subsequent underperformance of Value (-86bps) ultimately underscored that rotational moves beneath the surface aren’t accompanying index-level risk-off trading. Instead, the heightened global growth fears … Read more

Court rules Trump administration can withhold grants from ‘sanctuary cities’

A federal appeals court ruled Wednesday that the Department of Justice can refuse to give crime-fighting money to cities and states that consider themselves sanctuaries and refuse to share information with federal immigration authorities. The unanimous ruling from a three-judge panel of the Second Circuit Court of Appeals was a defeat for New York City … Read more

Travel Bans Work

Paul Joseph Watson @PrisonPlanet Russia banned all travel from China & closed its border. Had 2 cases of coronavirus (both Chinese) who have now recovered. Italy did nothing, now has hundreds of cases and some of those people have spread it to multiple other European countries. Yes travel bans obviously work. Quote Tweet Russia banned … Read more

TheHill: “Democratic presidential candidate Pete Buttigieg has canceled events in Florida after falling ill with a cold, his campaign said Wednesday.”

The Associated Press reported that the Buttigieg campaign said that the former South Bend, Ind. mayor would meet in Charleston, S.C. with Rev. Al Sharpton as planned while cancelling four events in Florida, three of which were fundraisers. https://thehill.com/homenews/campaign/484669-buttigieg-cancels-florida-events-due-to-cold-campaign

Exposure to 5G waves leads to…

by Venus230 Just a bunch of discussions about 5G on this sub… 5g scares the hell out of me These 5G fliers are being given out in my town but this seems like misinformation, thoughts? Western powers will not interfere with what the Chinese government is doing Theres alot of strange stuff going on in … Read more