Percentage of ARM mortgages now at early 2008 levels

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by Skadi793 There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html and in addition to this, more than 10% of loans are FHA/VA, which allow for credit scores as low as 580. So 20%+ of all outstanding loans can be characterized … Read more

[Reuters] Global stocks of petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand for diesel

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https://www.reuters.com/markets/commodities/us-diesel-shortages-lift-refining-margins-record-2022-05-10/ Global stocks of refined petroleum products have fallen to critically low levels as refineries prove unable to keep up with surging demand especially for the diesel-like fuels used in manufacturing and freight transportation. The result has been a surge in prices refiners receive for selling fuels compared with prices they pay for buying crude … Read more

The Crypto time bomb just exploded: Tether is crashing. Luna just dropped to new ALL-TIME LOW! If you invested $10,000 in Luna last week, you now have $2

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View post on imgur.com How are the suicides coming along? View post on imgur.com Who would have thought that the canary in the coal mine for the next crisis would be the cryptos? Watch USDT like a hawk. Things are about to get very interesting, IMO.   If you invested $10,000 in Luna last week, … Read more

There’s a Number of VERY Troubling Things Happening at the FBI

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On Wednesday, Project Veritas released documents provided by an FBI whistleblower showing that the agency is targeting news media organizations in the US with secret criminal investigations. The unnamed whistleblower, who has been a special agent for many years and is still employed with the bureau, provided the classified documents to Project Veritas in hopes … Read more

AS GAS PRICES SOAR, BIDEN ADMIN ANNOUNCES OIL AND GAS LEASE CANCELLATIONS IN ALASKA AND GULF OF MEXICO

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With gas prices soaring to all-time highs, it was announced tonight that the Biden Administration has issued fresh cancellations of oil and gas leases in Alaska and the Gulf of Mexico. A top official with the American Petroleum Institute, the country’s largest oil and gas trade association, Frank Macchairola, called the cancellation of Alaska’s Cook … Read more

Tulsi Gabbard: Biden/NATO have put us on path to nuclear Armageddon

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Biden/NATO actions & words make it clear their goal is to cripple Russia economy/military. Russia’s made it clear that if the West gets close to achieving that, they’ll resort to nukes. Biden/NATO have put us on path to nuclear Armageddon. We need to wake up before it’s too late. pic.twitter.com/TqNpOYlOmy — Tulsi Gabbard 🌺 (@TulsiGabbard) … Read more

Unemployment is rising and you aren’t seeing it

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In the first few months of 2022, a wave of layoffs swept across American business. The cuts stem from slower business growth, paired with rising labor costs. Even major tech companies like Facebook parent company Meta are facing contractions. Layoffs are sweeping across American businesses in the first few months of 2022. Recent startups like … Read more

ALL markets crashing. All the signs point to very bad outcome

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https://twitter.com/WifeyAlpha/status/1524463230063632385 DXY getting ready for another attempt to breakout of 104. 🍿 pic.twitter.com/Vv6n9weNET — Preston Pysh (@PrestonPysh) May 11, 2022 $20 trillion in household net worth wiped out in 2022 — zerohedge (@zerohedge) May 11, 2022 I'm not quite sure about today's market reaction.. money is flowing toward dividend stocks which are outperfoming the market.. … Read more

Sentinels from the Matrix are only 1 to 2 generations away from reality.

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scary stuff coming from the commies… ————————————– https://www.zerohedge.com/markets/watch-terrifying-chinese-super-drones-can-hunt-humans-packs-are-here Video of what are being called “Chinese super drones” has emerged over the past week, and the footage is being described as “terrifying”. Footage of 10 lightweight drones made its way into the ether this past week thanks to a team at Zhejiang University, who released the … Read more

The Alleged Diesel Shortage Thing is a Scam

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by Chris Black Every time oil goes up, gas prices go up, to the point that we are now paying $190 per barrel equivalent at the pump.  There isn’t a supply problem. Widespread US Diesel Shortages Send Crack Spreads To Mindblowing Highs https://t.co/TczW6B8Hjn — zerohedge (@zerohedge) May 11, 2022 At the current prices, refiners should … Read more