Margin Call! Mortgage Lenders Are Starting to Go Broke as Loan Volumes Plunge (Fed Chasing Inflation Crushing Mortgage Industry As Mortgage Purchase Applications Are DOWN -41.5% Under Biden While Mortgage Rates Are UP 96%)

by confoundedinterest17 Under President Biden, inflation has soared and The Federal Reserve claims that they want to extinguish the inflation fire by tightening monetary policy … resulting in rising mortgage rates. Under Biden, mortgage purchase applications are DOWN -41.5% while …

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ROGER KIMBALL: Woke is truly going broke.

via spectatorworld: The Chinese have come up with one of the most penetrating epithets to describe this sickness. In 2010, some clever Chinese coined the term baizuo, which literally means “white left” but really means “sanctimonious liberal dysphoria.” It’s a menu-driven pathology in …

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We broke all technical supports, FED is tightening aggressively, consumer sentiment record low, CPI highest in decades. People still refusing to accept that we are in a bear market.

This is the SPX in 2009, very similar if you overlay the weekly chart of 2022 pic.twitter.com/W5BSMgD74H — William (@WilliamsGK) May 20, 2022 This is gold 😂 https://t.co/CI889A1fFF — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) May 21, 2022 NDX …

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