Bidumbnomics

[Fernando]

Stock market increasing. Oil prices stable at mid $70. Mortgage rates heading down at 7.35% for 30 year loan.
The numbers are great heading to 2024.

 

[gregb]

The numbers are great heading to 2024

https://www.semafor.com/article/11/28/2023/nobody-wants-us-treasury-bonds

 

[Fernando]

https://www.semafor.com/article/11/28/2023/nobody-wants-us-treasury-bonds

The media and politicians don't talk about it but China in the past decades had bought heavily in our Treasuries.
With recent years of disagreements with China, China has not been buying our Treasuries thus contributing to the rise of our interest rates.
There was a symbiotic relationship when China subsidized our years of low interest rates. We tend to forget that.

 

[OSU Beavers]

 

[Terrel L. Shields]

China has not been buying our Treasuries

They are dumping them like mad not merely to eschew buying them.

Oil and other commodities are rapidly being priced and marketed in the Ruble, Yuan, and other currencies. The mighty dollar could soon be toppled as the go to currency in commodities.

 

[Terrel L. Shields]

 

[Terrel L. Shields]

 

[OSU Beavers]

 

[glenn walker]

" wokism" is dying a slow death, as people and companies realize that is just BS and nobody can operate in the restrictive environment. A social experiment designed by the Left and Liberals and one that has failed.
I think Bud Light and others learned, it can be a very expensive-proposition to be too woke . Good riddance to all the liberal woke holes

 

[glenn walker]

Banks are merging and becoming bigger my bank merged last week with CA Bank and its now the third largest bank in California. Wells Fargo in my area closing or shuttering many branches. A very difficult environment for small banks under 30 branches. Many also closing appraisal departments except for commercial and gong to large AMCs.