What cracks first, auto lending or houses?

by Nimble_Centipeder Caption: Eventually, negative cash flow matters. Properties are selling at prices where they need 50% down to break even on PITI. Million dollar houses that can get $3,500/month rents. https://calculatedrisk.substack.com/p/real-house-prices-price-to-rent-ratio-020?s=r Caption: How much is a truck worth when …

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Here’s the reason why Europe is Russia’s b*tch

In 2014, NATO's secretary general revealed Russia was funding climate activists, saying, “Russia… engaged actively with so-called nongovernmental organizations working against shale gas to maintain dependence on imported Russian gas" Nobody listened.https://t.co/JJtn2hLNjB — Michael Shellenberger (@shellenberger) March 3, 2022 Climate …

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Peak Democracy Moment

by Chris Black House of Representatives votes 426-3 on measures that would deepen US involvement in Ukrainian conflict. The overwhelming majority of Americans either don’t care or are actively opposed any US presence in this war. House passes resolution backing …

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Oligarchs vs. Billionaires

Let's get our terms straight, before the Left rewrites the damn dictionary. There are oligarchs, and there are billionaires. One literally dictates state policy via monopolistic financial influence. The other does this too but with a Russian accent which frightens …

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She has a point…

Yes. Then it means we’re financing both sides of the war, which is typical of US involvement. Our foreign policy is not to keep the peace, but to exploit all opportunities.   h/t FloghornEgghorn