Bidumbnomics

[OSU Beavers]

US Home-Buying Demand Nears Worst Since 1995 With Rates Above 7%

(Bloomberg) -- A gauge of US applications for home purchases dropped for a fifth week, approaching the lowest level since 1995 as mortgage rates held above 7%.Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1%...

finance.yahoo.com

 

[djd09]

Unveiled: ‘The Website Joe Biden Doesn’t Want You to See’​

Is Bidenomics Working? Rhetoric vs. Reality

The President brags a lot about the economy, so we decided to look at what the President has been saying, compare that to the facts on the ground, and let you decide for yourself.

www.bidenomics.com

ouch...

 

[Terrel L. Shields]

Biden Admin got shut down again today...

U.S. District Judge Liles C. Burke decided late Friday that the Corporate Transparency Act, a landmark U.S. anti-money laundering law enacted as part of the National Defense Authorization Act for fiscal year 2021, is unconstitutional on the grounds that Congress exceeded its powers in enacting the law — and so the rulemaking stemming from it is unlawful.​

​

The National Small Business Association filed suit in November 2022 to block the requirement that tens of millions of small businesses register with the government as part of an effort to prevent the criminal abuse of anonymous shell companies.​

 

[Terrel L. Shields]

Dow closes lower by 400 points, Apple shares drag tech down: Live updates

U.S. stocks ticked lower Tuesday, putting Wall Street on track to build on the previous session's decline as tech names struggled.

www.cnbc.com

Down 400 points - NASDAQ off 2%

 

[OSU Beavers]

 

[Fernando]

Compared to four years ago, people were in basements not going out and buying homes.
Now they can go and buy homes.
There will always be complainers.

 

[OSU Beavers]

You and the cat lady were hiding in the basement, the rest of us were busting our butts netting five figures per month.

Instead of raising rates slowly, Powell delayed until after he got his reappointment. By then inflation was too high and he had to put out the fire with huge rate hikes. At the same time the idiot administration was printing cash for Ukraine and dumping money in to the economy like gasoline on the fire. 2023 was our "soft landing" thanks to all those Build Back Better Bucks, but with half of our taxes going to pay interest on the debt we have reached the end of the runway.

Expect an all market crash before the election.

 

[Dublin ohio]

You and the cat lady were hiding in the basement, the rest of us were busting our butts netting five figures per month.

I was as busy as I could be during the pandemic. Had to turn down orders. Just not enough time in the day.

Instead of raising rates slowly, Powell delayed until after he got his reappointment. By then inflation was too high and he had to put out the fire with huge rate hikes.

Bingo.

 

[Dublin ohio]

Compared to four years ago, people were in basements not going out and buying homes.
Now they can go and buy homes.
There will always be complainers.

But they can't afford one. The monthly payments almost doubled for the same price house. P & I on a $400K home with 20% down went from about $1300 mo. to $2200 mo.

 

[Fernando]

But they can't afford one. The monthly payments almost doubled for the same price house. P & I on a $400K home with 20% down went from about $1300 mo. to $2200 mo.

They can buy a cheaper home. No one is entitled to live in a big house.
During Covid, they were afraid to come out and buy. Those who did, bought at good time.