However, as MarcoMaven’s Steph Pomboy tweeted Wednesday, “For my money, the most interesting…and foreboding…aspect of the downfall of Blankman-Freed’s FTX is the «revelation» that the Ontario Teachers Pension was a major investor. The coming pension crisis is going to be massive…and the switch to QE by global cbks whiplash-inducing.”
Existing home sales are undergoing a historic sharp contraction in sales. And, what will keep the residential market sluggish is what Zelman calls the “Stuck Factor.”An incredible 92% of homeowners with mortgages have a 5% rate or lower.
My questioner, another prominent libertarian attorney, replied with words to the effect,”Trump showed no respect for the government strictures and laws we all hate. He was good because he showed no respect for the government.” While I put up no argument at the time, Trump’s disrespect reflected no libertarian principles, but only 300 pounds (okay 239 according to the White House physician) of walking, talking personal character defects.
So, the average consumer’s home buying power has been cut in half. Two real estate broker friends, one specializing in high end, the other, a notch below, say the market in Las Vegas is dead.
FXHedge tweeted Saturday, “CREDIBLE SOURCE SAYS A MAJOR INTERNATIONAL INVESTMENT BANK ON THE BRINK -ABC AUSTRALIA “
Big builder Lennar sent out a sales flier via email, advertising 3.99% mortgage interest from Lennar Home mortgage plus price reductions of $40,000 to $50,000 a unit. These reductions included units in subdivisions selling from the $300,000s all the way to over $1,000,000.
once relatively anonymous political strategists now have star power that had previously only been accessible to those at the tippy-top of the presidential strategist ladder, people like Lee Atwater or Karl Rove or James Carville or Paul Begala,” Miller writes.
The dollar’s value is a symptom, and when it goes up, “what that tells you is that there’s tightening in the global monetary system for a variety of reasons, usually self-reinforcing reasons,” Snider explained. Money is tight, markets are risk averse, with the result being a recession is coming forthwith.
Get rich quick schemes never go out of style. Robbing Peter to pay Paul excels in its simplicity. Forget gauging the winds of the markets or the bouncing ball on a roulette wheel. Phony promises work on a gullible public to this day. “We are all gamblers,” Ponzi believed. “We all crave easy money. And plenty of it. If we didn't, no get-rich-quick scheme could be successful.”
The draft seems dreadfully dull to watch for even the most ardent fans. But, the Las Vegas Convention and Visitors Authority (LVCVA) figures the town will clean up hosting three nights of player picking on the water. It’s being compared to New Year's Eve with attendance of one million people (with some double-counting).
“Clarence Darrow is the lawyer every law school student dreams of being: on the side of right, loved by many women, played by Spencer Tracy in Inherit the Wind. His days-long closing arguments delivered without notes won miraculous reprieves for men doomed to hang.”
Mr. Nebati figures there is three hundred million dollars worth of gold under the beds of the Turkish populous, and the government would like to trade more than ten percent of the hoarded yellow metal for their flimsy paper lira.
For the first half of Bernstein’s very readable, and richly footnoted, book, Hearst was either bankrupt or rich, there was no inbetween. He made and lost fortunes, but nothing slowed him down. He had a natural nose for finding gold and silver.
Fannie Mae announced today it provided nearly $70 billion in multifamily financing last year. Fannie Mae apartment loan pricing and terms are attractive: the 5-year fixed rate starts at 2.74% to the 30-year fixed starting at 3.81%. The larger point is with the CPI at 7% in December, the real interest rate on these Fannie Mae loans is negative.
For $50 million Musk’s company is contractually obligated to move 4,000 people per hour for 13 hours a day during major trade shows, but recent data showed it’s moving more like 1,300 people per hour.
“You have this huge imbalance of supply and demand which is causing the prices to skyrocket,” Sundaram told CNBC Make It. The question is, is this inflation? Austrians would say no. These price increases are the normal process of a market clearing when supply, for whatever reason, isn’t satisfying all of the demand. Consumers who can and most desire the product will pay more for the limited supply.
The author describes the last seat occupant as “a strong character,” women celebrities “with an offbeat imagination whose function on the panel [was] to conclude with an original remark.” Betty White was perfect for the role, being “game show royalty” having appeared in numerous Mark Goodson-Bill Todman shows over the years.
Victor Shvets believes computing power has caught up and “technology could soon create an environment where state planning might be able to deliver acceptable economic results while simultaneously suppressing societal and individual freedoms.”
Mark Twain and Will Rogers are both credited with “Buy land, they're not making it anymore.” Both men have passed. But, has their land wisdom left us as well? Ms. Kamin writes, presumably with a straight face, “real estate investing in the metaverse still is highly speculative.”
If Bitcoin is our lifeboat, indeed, as Ms. Demirors emphasizes, “Not owning Bitcoin is now irresponsible.”
