Money & Economics

Not a quick read. But probably quite accurate.. I wish more people would read it.

We Are Being Amused & Abused To Death​

We Are Being Amused & Abused To Death | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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If the Fed holds 2.1 $Trillion in MBS , and Fannie/Freddy hold most of the mortgages, is this part of why Trump wants to privatize them?

Looks ugly. Glad I’m out

How Housing Bubble #2 Bursts?​

How Housing Bubble #2 Bursts? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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This reminds me, a month or 2 ago I watched Tucker Carlson interview a young man who came up with a Pelosi stock app that would allow you to mirror her stock trades, said it worked great.

Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns​



nypost.com

Exclusive | Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns

The staggering sum is an eye-popping jump from 2023.
nypost.com nypost.com
 
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gwminor48 said:
This reminds me, a month or 2 ago I watched Tucker Carlson interview a young man who came up with a Pelosi stock app that would allow you to mirror her stock trades, said it worked great.

Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns​



nypost.com

Exclusive | Pelosi raked in millions last year — and her portfolio out-performed every large hedge fund with stunning returns

The staggering sum is an eye-popping jump from 2023.
nypost.com nypost.com
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Illegal Wealth...
 
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bigredfish said:
If the Fed holds 2.1 $Trillion in MBS , and Fannie/Freddy hold most of the mortgages, is this part of why Trump wants to privatize them?

Looks ugly. Glad I’m out

How Housing Bubble #2 Bursts?​

How Housing Bubble #2 Bursts? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
Click to expand...
Whaddayamean you are out?
 
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I was fortunate enough to exit it myself over 20 years ago. Now if I can just get the County to quit reminding me every year that I'm just a tenant in THEIR County.
 
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One of the best feelings in life is to break free from Mortgages. To think all the money Mortgage companies made off me over the years, I could of bought a second house with that money.
 
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Not a good sign

Only difference I have is I believe we're about to enter into a NATO/Russia direct conflict and that both the US and EURO trash have to to keep their respective economies from collapsing

War, Debt, & Distraction: The Hidden Collapse Behind The Iran Hype​

War, Debt, & Distraction: The Hidden Collapse Behind The Iran Hype | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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bigredfish said:
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100% EXACTLY RIGHT.

Trump has hinted several times that tariffs are how we should be funding government since that was the main revenue source 200 years ago. He has never come out and directly stated that's what he wants to do, but I've heard enough comments from him like that to connect the dots. Hopefully he has a financial advisor with balls to tell him why it won't work.
 
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Q: Why would you need authority to raise the debt ceiling by $5 TRILLION if you’re only going to be in office 3 more years, AND you proclaim you’re reducing the debt? (Even though your BBB is all backloaded from 2028 forward with respect to savings)

A: Not my problem
 
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bigredfish said:
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Welp, it's at least an attempt to right the ship. I'm not complaining....you could have had Harris as President so what do you think that would look like.
 
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Sybertiger said:
Welp, it's at least an attempt to right the ship. I'm not complaining....you could have had Harris as President so what do you think that would look like.
Click to expand...

I'm trying to refrain from politics remember But I dont buy the argument, “I promised you steak but gee it coulda been worse so eat your porridge” ;)
 
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Been noticing Muni Bonds are holding above 5% and just recently the Gov't voted to keep them tax free still...

Savings is down to 4% but that has been going down from 5% starting most all of last year with the Feds dropping Interest rates. I am still ok with 4%, not long ago, Savings was at 0%

Mortgage rates have only slightly come down, not much to make any major difference. If Feds cut more then our savings % will go down too. Our Financial Agent is pushing to lock in an Annuity...but then no more liquid money like savings...At our age, as long as we are not losing money is a good thing.

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Looks like the YTD Dow has rebounded...
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Not sure where we are now at but earlier this year Mortgage companies was rejecting around 20% of their loans which the article I read was saying that is higher than normal. I personally know 2 people selling at that time and went into contract and the buyers loans did not get approved.

 
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