FED Holds Steady

[Fernando]

If they're not that bad. You could have tried Dr. Scholls for less than $50

Didn't want cheap substitutes.
Since customized for both feet, I wanted the best soles available now without seeing an orthopedic.
First time I wore them, my left feet hurt and worried I wasted my money.
I think I have to "break them in" before I see the benefits.

 

[Surf Cat]

Over in Europe, I bought these $398 arch soles (Good Feet) for my abnormal feet. I didn't realize one of my feet is flat footed.
The salesman claimed the arch should correct my balance thus alleviate the pain on my joints.

Oh man.....dude you got ripped off....you're an appraiser....you should be used to verifying / corroborating things. Especially claims made by overpriced pieces of foam and rubber...

 The experience of Good Feet varies greatly. While the store markets its products as a solution for various foot problems, numerous reviews from sources like Trustpilot, the Better Business Bureau, and Reddit highlight widespread dissatisfaction with the value, sales practices, and effectiveness of the inserts.

Many reviewers strongly advise consulting a podiatrist instead, as custom orthotics from a medical professional are often recommended as a more reliable and cost-effective alternative.

Get Hoka Bondi's, New Balance Fresh Foam X, or Olukai shoes....

 

[James Mpls]

2 weeks ago on appraisersforum.com:

“

IMO we won't see a rate drop until early next year, and possibly not until after Powel is out in May 26.

Nope. 25-50 basis point cut and dovish pivot by sir Jerome at Jackson Hole….the jobs market (even if some stats do not bear it out) is falling apart. ALL knowledge based jobs are steadily being replaced with AI. Period. Cut will happen in September. The boomer economy, metrics, bonds, etc are all finished. The system is completely imploding upon itself. The social security Ponzi scheme is done. Worldwide debt is unpayable, birth rates are at catastrophic lows, pensions are f***ed. The Fourth Turning is upon us.”

You heard it here first, folks, 2 weeks ago. No need to tune in to Jackson Hole today. Also, make sure to watch Jordi Visser channel on YT (had 2k now 20k subs), for the absolute best macro breakdown out there. He does one 25-35 min show and releases it each Sunday morning. Coffee, eggs, Jordi Visser and baseball…my Summer routine.

 

[Vermonter]

Get Hoka Bondi's, New Balance Fresh Foam X, or Olukai shoes....

Went down the barefoot shoe rabbit hole years ago and all my foot problems magically disappeared. Downside is you can't go back to conventional shoes and the barefoot ones aren't cheap or very durable

 

[Non Sequitur]

2 weeks ago on appraisersforum.com:

“

Nope. 25-50 basis point cut and dovish pivot by sir Jerome at Jackson Hole….the jobs market (even if some stats do not bear it out) is falling apart. ALL knowledge based jobs are steadily being replaced with AI. Period. Cut will happen in September. The boomer economy, metrics, bonds, etc are all finished. The system is completely imploding upon itself. The social security Ponzi scheme is done. Worldwide debt is unpayable, birth rates are at catastrophic lows, pensions are f***ed. The Fourth Turning is upon us.”

You heard it here first, folks, 2 weeks ago. No need to tune in to Jackson Hole today. Also, make sure to watch Jordi Visser channel on YT (had 2k now 20k subs), for the absolute best macro breakdown out there. He does one 25-35 min show and releases it each Sunday morning. Coffee, eggs, Jordi Visser and baseball…my Summer routine.

Let's see. I hope you're wrong, but my gut agrees with you.

 

[Zoe]

It's employment/unemployment numbers that has Fed a little scared. It is not housing market. Inflation and unemployment are fighting each other.

Employment numbers are crying lower the fed funds rate and inflation numbers are saying don't do anything.

 

[Zoe]

It has many impacts on money supply. Credit cards, employment, home equity loans, short term business loans, car loans, money earned on interest bearing deposit accounts, inflation, etc.

Long term mortgage rates on housing are tied to the yield on 10 year treasury bond. More money invested in 10 year treasury bond than any investment almost. It is considered a very safe investment for people around the world.

10 year treasury bond yield today - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

It pays 4.33% today. They had Consumer price index at 3.9% inflation in July.

 

[Zoe]

Another source on how much money is invested in 10 year treasury bond, fyi:

https://www.cnbc.com/quotes/US10Y?msockid=033c6bfc8581600227437dac84966132

US 10 Year Treasury Bond Note Yield - Quote - Chart - Historical Data - News

The yield on US 10 Year Note Bond Yield eased to 4.26% on August 22, 2025, marking a 0.07 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.12 points, though it remains 0.46 points higher than a year ago, according to over-the-counter interbank...

tradingeconomics.com

 

[Fernando]

Oh man.....dude you got ripped off....you're an appraiser....you should be used to verifying / corroborating things. Especially claims made by overpriced pieces of foam and rubber...

 The experience of Good Feet varies greatly. While the store markets its products as a solution for various foot problems, numerous reviews from sources like Trustpilot, the Better Business Bureau, and Reddit highlight widespread dissatisfaction with the value, sales practices, and effectiveness of the inserts.

Many reviewers strongly advise consulting a podiatrist instead, as custom orthotics from a medical professional are often recommended as a more reliable and cost-effective alternative.

Get Hoka Bondi's, New Balance Fresh Foam X, or Olukai shoes....

I did read some reviews which were mixed. One said he paid $349 and he liked it but wouldn't pay more.
I'd been wearing it for awhile and gotten use to the arch soles, not feeling the higher arch as much. Hope they work for me in rebalancing my overall joints when walking correctly as I should.

The salesman did a test on me.
I had my palms facing up and both hands near my belly button.
He would put his fist pushing downward and my heels would go up.
Then he put the soles in my shoes and this time, my heels didn't go up. My feet were stable on the ground.

Second time I wanted another test next day wearing my Birkenstock.
With same downward pressure, my heels still went up slightly.
Salesman said if my feet were correctly fit in my shoes, my feet should not be moving up.
Good Feet has been around for a long time and I wanted to give the soles a try.

 

[Zoe]

One reason long term mortgage rates is tied to the 10 year treasury bond is because many people move within a 10 year period.

These people that got like 2% or 3% interest rates on long term mortgage don't want to move and pay current long term mortgage rate.

That is very direct influence on housing supply..

It lowers interest rate risk to the economy being tied to the 10 year treasury bond with the federal reserve bank and whole economy.

Lowers risk to Fannie and Freddie.

I would imagine Fannie and Freddie have had to lay some people off. Appraisal management companies have also probably went bankrupt and laid people off..