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Stocks tumble, housing hits the skids, Musk’s Twitter meeting: LIVE UPDATES
Fox Business ^ | 6-16-2022 | Ken Martin

Posted on 06/16/2022 8:21:54 AM PDT by fireman15

U.S. stocks fell across the board as the post Fed rate hike rally faded and investors returned their attention to recession fears. New data on housing starts and permits showed a sharp pullback signaling a potentially steeper slowdown for homebuilders. In commodities, oil slipped to the $112 level.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy
KEYWORDS: djia; dow; economy; stockmarket; stocks
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To: bk1000

been binge watching the flintstones and gilligan’s island for survival tips


21 posted on 06/16/2022 9:05:58 AM PDT by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: BiglyCommentary
As much as I respect Texas I hate heat,humidity and tornadoes! Also,it's the rising interest rates that are largely responsible. When people buy a house they decide “we can afford to pay “X” per month”. If interest rates are low they can pay more for the house.If they're high they can afford to pay less.

If I'm correct that means that your house is worth less with rates at 4% than it was at 3% a few months ago.

22 posted on 06/16/2022 9:07:16 AM PDT by Gay State Conservative (Covid Is All About Mail In Ballots)
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To: I want the USA back

Can’t have a New World Order with a strong independent United States.

Even Megiddo: Omega Code 2 got that one right (prescient).

Daniel 7:23

And Satan will present his anti-messiah as a “savior”.


23 posted on 06/16/2022 9:12:11 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: joshua c

(been binge watching the flintstones and gilligan’s island for survival tips)

1) don’t get the giant rack of ribs at the drive-in

2) don’t put Gilligan in charge of anything. Like gluing the Minnow back together.

3) you can do anything with coconuts 🥥🥥🥥


24 posted on 06/16/2022 9:15:04 AM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: Gay State Conservative

Californians sell their insanely priced houses, move here with huge equity, think our prices are cheap, and outbid everyone. That’s going to on for a while.


25 posted on 06/16/2022 9:16:24 AM PDT by BiglyCommentary
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To: fireman15

As Biden and the Marxist thugs in the Swamp expand their war on the American middle class, remember this:
IF THE MIDDLE CLASS FAILS, AMERICA IS LOST!
https://www.bitchute.com/video/tSyI7hCTm97s/


26 posted on 06/16/2022 9:18:21 AM PDT by Dick Bachert (WE'RE DOOMED!)
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To: Gay State Conservative

“””If I’m correct that means that your house is worth less with rates at 4% than it was at 3% a few months ago.”””


Yep. You are correct. Except the current mortgage rate is 6%.

So a $500,000 house will cost $15,000 per year for a loan at 3%

And a $500,000 house will cost $30,000 per year for a loan at 6%


27 posted on 06/16/2022 9:22:44 AM PDT by Presbyterian Reporter
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To: Yollopoliuhqui
If Musk ran for President with Trump’s blessing and had Tulsi Gabbard as his running mate, they would win and the Dem’s reaction would destroy their party.

Musk himself isn’t eligible to run, but it will take someone with his level of wealth and celebrity to successful take a bite out of the oligarchy. He has already permanently destroyed the credibility of their Twitter propaganda arm, but it took both his wealth and his fame to do it.

28 posted on 06/16/2022 9:27:12 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Gay State Conservative

“that means that your house is worth less with rates at 4% than it was at 3% a few months ago. “

The big influx has overridden that. Homes by me have been hitting new highs almost every week for the last several months.


29 posted on 06/16/2022 9:34:00 AM PDT by BiglyCommentary
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To: Presbyterian Reporter

I just guessed at the rates I noted. I haven’t had a mortgage since the mid 90s so I don’t pay close attention to rates.


30 posted on 06/16/2022 9:37:41 AM PDT by Gay State Conservative (Covid Is All About Mail In Ballots)
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To: fireman15

Dow will likely be positive by day’s end. Major overreaction


31 posted on 06/16/2022 9:39:18 AM PDT by montag813
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To: fireman15

Biden bread and circuses. Bring on the cackling court jester, Kamala.


32 posted on 06/16/2022 10:26:43 AM PDT by chuckee
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To: fireman15
Stocks tumble, housing hits the skids....


33 posted on 06/16/2022 10:29:30 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: SaveFerris

Haha! Thanks for the laugh.


34 posted on 06/16/2022 11:24:06 AM PDT by vivenne (")
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To: brownsfan

Show them this:

https://www.etsy.com/listing/1107429189/funny-tool-box-magnet-sign-4x6-in-fjb

And then hand them your gas bill and tap your foot. ; /


35 posted on 06/16/2022 12:46:01 PM PDT by Chgogal (If Democrats are not aborting babies they are starving them. )
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To: montag813

Don’t think so…..3:48 pm eastern, -849.


36 posted on 06/16/2022 12:48:36 PM PDT by Chgogal (If Democrats are not aborting babies they are starving them. )
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To: fireman15

As Biden and the Marxist thugs in the Swamp expand their war on the American middle class, remember this:
IF THE MIDDLE CLASS FAILS, AMERICA IS LOST!
https://www.bitchute.com/video/tSyI7hCTm97s/


37 posted on 06/16/2022 3:44:05 PM PDT by Dick Bachert (WE'RE DOOMED!)
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To: Gay State Conservative
my house worth has gone up but my retirement is my 401k and I worked many decades for it....even though its evenly balanced, I'm taking a huge beating....

I suspect that many posters have fat guaranteed govt pensions and the stock market is of little concern to them.

38 posted on 06/16/2022 4:01:50 PM PDT by cherry (;)
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