'The Sky is Falling' Narrative

[Andrei Fin]

"Continued to perform well" however when the last recession was officially announced in 2007, there had only been two rate cuts and stocks were only 3% down from all time highs.

 

[Meandering]

Mortgage defaults.View attachment 41365

They finally got around to publishing Q2, 2019?

Well, seeing the chart, no wonder it took so long to get the data.

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[Meandering]

I dunno - that property looks mighty close to the rising ocean. I guess the buyers didn't get the memo that the ocean is going to rise another 20ft in the next 30 years.

29 beach front acres.

I wonder if there will be federal grant available for beach frontage sand replacement.


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[Meandering]

Quibble about the timeframe, but it is happening--there is ample scientific evidence that some can continue to ignore. But then they say that ignorance is bliss! Be happy!

Yup,
it is ignorant to believe that po'folks can still live on beach front lots,
when they can be scared into selling at a discount, because Neptune will take his revenge on them.

I never wonder how the dark ages happened.

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[Meandering]

I dunno - that property looks mighty close to the rising ocean. I guess the buyers didn't get the memo that the ocean is going to rise another 20ft in the next 30 years.

Notice it doesn't have any solar panels?

Ghee I wonder if it's electricity free.


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[CANative]

Quibble about the timeframe, but it is happening--there is ample scientific evidence that some can continue to ignore. But then they say that ignorance is bliss! Be happy!

Hint: It's not the really about their perception of the irony of the buyer vs. the buyer's prior policies.

 

[CANative]

Meanwhile, the Amazonian heat sink is on fire releasing stored carbons while at the same time reducing the ability to scrub carbons. Set on fire by farmers in support of their leaders notions about industrial scale farming and development.

 

[Elliott]

This is off topic, ha ha,








On the Brazilian fires!!

The fires have been releasing a large amount of carbon dioxide, the equivalent of 228 megatonnes so far this year, according to Cams, the highest since 2010.
They are also emitting carbon monoxide - a gas released when wood is burned and does not have much access to oxygen.

https://www.bbc.com/news/world-latin-america-49433767


We're talking nuclear bomb levels when we get to megatons. I've always thought it was ironic the extent we worry about pollution when a volcano, forest fire, floods, refinery fire, all seem to pretty much undue the efforts we take to 'save the planet.'

 

[Randolph Kinney]

Latest forecast: 2.2 percent — August 16, 2019

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2019 is 2.2 percent on August 16, unchanged from August 15 after rounding. After this morning's new residential construction report from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from -1.2 percent to 0.7 percent.

GDPNow

Provides a

www.frbatlanta.org

With current mess going on with China, future GDP will be declining.

 

[Randolph Kinney]

U.S. government debt yields slipped on Friday after Federal Reserve Chair Jerome Powell said that the central bank will continue to act as appropriate to sustain the economic expansion.

Yield curve inverts again Friday as Trump reignites fears the trade war will lead to a recession

Yields slipped after Powell said the central bank will continue to act as appropriate to sustain the economic expansion.

www.cnbc.com

The FED put is on. Wait for it as markets decline.