Larry Kudlow * Powells Destroying The Real Estate Markets He's Got to Go.

[Terrel L. Shields]

an entertainer from FOX.

You obviously don't know his history.

1981–1985), Kudlow was associate director for economics and planning in the Office of Management and Budget.
In 1976, he worked on the U.S. Senate campaign of Daniel Patrick Moynihan

New York Governor George Pataki included Kudlow in a six-member state tax commission.

a staff economist at the Federal Reserve Bank of New York. He worked in the division of the Fed that handled open market operations.

 

[Fernando]

MSN

Zillow CEO reveals what he thinks is the cause of America's 'housing crisis'​

CEO Jeremy Wacksman sat down with The New York Times to discuss what may be causing the dip in the housing market and what keeps Zillow afloat amidst it all.

Wacksman added that the major issue with homebuying in the United States is that there is an availability problem.

'We have an affordability crisis, which is driven by an availability crisis. It is a supply-side problem,' he said.

While many complain about increasing mortgage rates, he said that it's only a small factor.

'The real problem for a home buyer is home prices are up 30, 50, 70, 100 percent, depending on the market, from pre-pandemic levels. Incomes are not up that much.'


SO STOP BLAMING POWELL FOR HOUSING PROBLEM.

 

[Charles West]

MSN

Zillow CEO reveals what he thinks is the cause of America's 'housing crisis'​

CEO Jeremy Wacksman sat down with The New York Times to discuss what may be causing the dip in the housing market and what keeps Zillow afloat amidst it all.

Wacksman added that the major issue with homebuying in the United States is that there is an availability problem.

'We have an affordability crisis, which is driven by an availability crisis. It is a supply-side problem,' he said.

While many complain about increasing mortgage rates, he said that it's only a small factor.

'The real problem for a home buyer is home prices are up 30, 50, 70, 100 percent, depending on the market, from pre-pandemic levels. Incomes are not up that much.'


SO STOP BLAMING POWELL FOR HOUSING PROBLEM.

Nobody is blaming 'Too Late' Powell for the demographic situation affecting the housing market. I blame him for his visionless rear-view mirror approach to managing a dynamic economy, especially in a period of market transition from government deficit expansion to a domestic economy growing without borrowed stimulus.

 

[Fernando]

If expectations of an interest cut next month, I think I'll buy 2 year T bonds to lock up the higher rates.

 

[Charles West]

I see the likelihood of a 25% cut, with some saying it could be higher, but I doubt it in September. Tensions with Russia are likely to spook markets as we head into the holidays, increasing the drama. The good news is that consumers are spending, and yields are drifting lower.

 

[glenn walker]

There's one big Cut coming very soon and it's Jerome Powells Job. He's being set up to either resign or be fired. We're all gonna be partying like it's 1999 and dancing to burn baby burn.

On Wall Street, Main Street and my street it's going to be one Biggley Celebration. We have to show these old bueracrats how we roll. The days of he can't be fired are over. We're dismantling the old institutions brick by brick and it's glorious to be alive to see it happen.

 

[glenn walker]

We need boldness not sissy cuts. I'd pull a full 1% rate cut and start a stampede of bullishness across the World. There's never any victory in taking baby cuts you just die a slow death. Let's stop being chicken littles and let the Big Dog's out of the Cages.

 

[Charles West]

We've had a weak job market since the pandemic, if government deficit spending stimulus is removed from the calculation.

 

[Fernando]

Decades ago when I was at a macroeconomic class at Berkeley, we were assigned in teams making policies like the FED.
In the last session, I lowered rates down to 1%. I knew such a low rate would boost the economy and my team be the winner of the FED challenge.
Who cares about the long term consequences with inflation. Fernando thinking short term at whatever cost.
I must have exploded his equation model because the professor ignored my strategy. Or maybe his model is flawed.
Doesn't matter. I still got an A.

 

[glenn walker]

We've had a weak job market since the pandemic, if government deficit spending stimulus is removed from the calculation.

Nobody's talking about the millions of real estate jobs destroyed that don't show in the unemployed status. Realtors and mortgage brokers mostly independent contractors, home inspectors, the list in California is staggering. The biggest silence in my lifetime. NAR has now become like the appraiser organizations just taking dues and doing nothing.

Real estate in my lifetime in California has always been a driver of our economy and suddenly the Fed's are like F you.