Posted on 11/05/2023 9:44:04 AM PST by Kaiser8408a
No, this isn’t the tilt effect in the mortgage market where inflation is front-loaded in mortgage rates making mortgage payments quite unaffordable. Although inflation is causing mortgage rates to be up 174% under Biden (while Biden continues to brag about how Bidenomics is helping). Meanwhile, the 10Y Treasury yield is up 402% under Biden (making refinancing the US staggering debt load more difficult to refinance. Higher mortgage rates tilt the present value of mortgage payments to the front, making housing even more unaffordable. Thanks Joe!
But the Tilt effect I am talking about is the TLT effect. TLT (iShares US Treasuries 20y+ ETF) calls. Friday was the largest TLT call volume ever.
Meanwhile, US real disposable income is declining.
I’ll feel a whole lot better when Biden is gone.
Meanwhile, inflation under Biden is still eight miles high.
(Excerpt) Read more at confoundedinterest.net ...
My son, much to my disappointment, is a liberal. Just yesterday he was mentioning buying a new house. I said, interest rates have gone way up. He said: “It is what it is.”
Americans are too stupid to reject their Dem masters.
branDUHnomics. What a success. Right? 😳
🙏🇺🇸🇮🇱👍
Daughter and sil=libs. HUH? 😭
A modern variation on “a fool & his money are soon parted”?
Why dont we print and spend more money? Maybe waive student loans for votes? How about writing checks for endless war?
Great time to be an illegal alien. Everything is free for them.
But…but…Trump…J6…!!!
I’ve come to the conclusion that the only way to turn politicians’ heads and stop the deficit spending IS to let the interest rates go up. Making debt less affordable is the ONLY thing that will make these JBHs* re-consider their profligate ways.
*JBH = Just Barely Human
Interesting they would buy options on long dated treasuries after the fed paused its hiking.
> Americans are too stupid to reject their Dem masters. <
Or the propaganda is too overwhelming. I think that plays a big part.
Everything from the evening news to ‘Saturday Night Live’ tells us how great the Democrats are. And how evil the Republicans are.
So, yeah. The playing field is no longer even close to level. And the worse part is that the GOPe never bothers to push back. They are evidently okay with how things are.
You too, eh?
(Bidenomics. what a disaster.)
All according to plan.
Insert gif of Manchurian Candidate Barack Hussein Obama nodding and smiling
His work here is almost done.
I think the real canary in the coal mine is the housing market. These high interest rates are a death knell for new housing starts. There is a long process that takes place before a new house is built and ready to go on the market. So as a developer, when you see these high rates, and people can’t afford them, there will be a pull back in new housing starts, which stops the long term momentum of new housing. It takes a while, for developers to build back confidence to restart development. Add to that the fat that homeowners who want to buy new homes are not willing to buy with a high interest rate and give up their current low interest rate.
How many folks from China and India are still willing to pay to have a house here in the US?
“How many folks from China and India are still willing to pay to have a house here in the US?”
Not enough to sway the numbers. China is experiencing a collapsing real estate market, I don’t think they will throw their money away over here. They will bide their time and buy low over here.
Amen brother!
Here is the current Globalist undertow.
Episode 449 - How BlackRock Conquered the World (Sep 19, 2023)
https://www.corbettreport.com/blackrock/
Lengthy but reveals a lot of financial system explanation. It does not make you feel confident in a simple recovery.
The items discussed in this narrative, I've already been trying to distance myself from. So it resonates with my prior conclusions, and amplifies it with specific point to point observations.
Arrogance before the fall.
Obama has been a saboteur from the get-go
And that’s what he surrounds himself with
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