If the EU puts troops into Ukraine and a war results with Russia ... should the US come in and support the EU?
Total Voters: 30
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“In fact it seemed when the housing rush was going on rents were rising during a self perpetual buying frenzy for houses to get out of rentals.”
Comment: I can’t help thinking it was a frenzy of illegal immigrants barging themselves, or squeezing themselves, ahead of their time, into all of our cities. I doubt it was Americans having babies causing the population boom. Most Americans have none or two kids. I heard Mexicans like to have a lot of kids.
I don’t know why they don’t give these people more time to escape if no shelter.
It would be little more than that if you got a good price on the gold at 800. Never mind that. I can see the only way they could lower rent from the greed going on started from Wall Street is if they were sold. Rents rarely drop less there’s a good exodus from the area. In fact it seemed when the housing rush was going on rents were rising during a self perpetual buying frenzy for houses to get out of rentals.
As far as buying while they’re switching from tightening to easing to bail out the hedges Trump can’t control, locking in a lower price then as they lower the rates they can refi to lower payments and lock in lower payment on a the lower price which will also give them equity faster if already locked in. They would have to gauge the difference between the taxes at the new tax value reassessment despite buying it for less which would still probably be better for awhile. In California it matters unlike other states where they just change it, they can’t do that here unless something significant happened like adding rooms, a pool or something. It’s more restricted due to Prop 13 that passed when there was still more informed Americans than migrants freezing and limiting reasons to increase taxes. Like those who refied near the top pulling equity out a locking in a lower rate if they did they will get a new automatic tax reassessment which in California can be a pricy difference. Like I know someone who refied alyears before the top when it was picking up. His house went from 350 something to 500 and something and his taxes went up a couple thousand. Not a exact quote but estimates they didn’t expect. Their house was paid when they took a only small loan on it now they had a loan low interest but higher taxes. So it depends and where they are as far as safer areas will fill up faster than less or non safer areas but also more pricy. Getting rid of criminal illegals won’t help those areas much because it’s already in play and other areas where immigrants took over they had a bunch of kids and generations have gone by and can’t be deported where some stayed in crime groups others assimilated and California assimilated to a extent with each other depending on the areas whether good or bad. Like right now a family member gave me some Mexican tamales asking me if I would make them because there getting expensive and he wants them custom. Lol There a lot of work so told him I would teach someone but I’m retired. Lol You just don’t make a few of those for yourself with the time involved but anyways there’s pros and cons.
That’s why he has to do the nasty now … right at the beginning of the Presidential Cycle … and soon enough he can get things turned around going into the mid-terms to avoid losing ground in the House and Senate.
I hope he is successful.
That would remove many doubts of his motives in my mind.
I just hope it’s not all Kabuki Theater and they install Joe Biden 2.0 in 2028 in another good guy (Trump)/ bad guy (Biden) routine nobody will be able to fix again until the term is up.
Oh, and the bad guy gets to keep all the booty. Can’t have that again.
If the Fed is allowed to bail out the hedge funds again this summer, we will have a very good idea where things are going.
High probability that happens.
Cheers
The SM is ripe for a correction…..but I do smell this as being ‘very convenient’……as Buygold said this will be hung round Trumps neck…..there are many, many people who will happily believe the MSM.
What you said makes sense, but I keep thinking, with all the deportations going on, it could lower the rents and real estate. Another thought, about everything is gradually in reverse, from the new world order that started in 1913.
After they started weaning our system of real actual money, Gold, in 1913, people gradually started using stocks and real estate as money. So as time goes on, and gold comes back as money, stocks and real estate might just go back to where they were from the start. No increases in value.
With Gold recently at $3100? It’s causing deflation in real estate. For example, if you invested $200,000 in gold during the financial crisis in 2008, about $800/oz, you would today have $622,076, with no property taxes insurance or maintenance costs.
Deflation is the Money or Gold, gaining value, instead of the crap.
It’s possible people may want to grab up a property’s that has dropped in prices the last few years knowing once they start lowering the interest rates the cost will go back up and they can then refinance with a lower interest rate at the lower cost and maybe even get that in writing as a option from a under writer of a loan.
I believe the futures are priced in US dollars, so if the USD goes down, all the other currencies naturally go up.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d
The USD has been dropping since the beginning of this year.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w
Also re your 6:16 “so why are rates falling apart”
Possibly people with money want to lock in a higher rate if they suspect rates will drop. Also wages are too low to borrow and pay for expensive things like houses. For example, an 18% mortgage on a $40,000 house was still affordable. But 7% on a $600,000 house in not so affordable, and add the property taxes that reflect the true inflation rate.
Maybe you didn’t realize all the wealthy that were conned into moving their businesses off shore, via lower taxes and favorable exchange rates and heavy regulation in the USA. So in a sense they are now going to get screwed, with tariffs, no?
Also think about all the billionaire businessmen, finally getting off their asses, and helping Trump to try to avoid the USA from collapsing, and taking them down the whole global economy with us. I believe they are helping Trump for free.
I have been complaining about imports since 1975 as the US economy was topping. Finally hopefully were in are bottoming formation starting with the 9/11 attack.
As they say with weight lifting, “No pain no gain”
Trump also knows what drives company’s away in the first place be bureaucracy and taxing he’s getting out of the way best he can without Demon activist.
It looks like Europe is going the other way towards inflation and all that destroys businesses like Net Zero a dictatorship, open borders confiscation, drives them out of the country. Some so bad like white farmers in South Africa to Russia. Plus for Russia minus for SA. Musk plus for USA minus for SA.
How can Europe keep their business and people when everything they’re doing is creating a hostile environment.
… at $31 – $32?
It’s the largest Cup and Handle Pattern in history.
Is this the year?
Everything’s crossed.
Chuckle
illuminatibot
@iluminatibot
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1h
Why does Australia have excess deaths at an 80 year high and why in New Zealand are excess deaths at a 100 year high?
I don’t think there will be war between Turkey and Israel. If it did occur, rightly or wrongly, I think we’d be supporting Israel all the way. Erdogan may be monkeying about in Syria to distract from his domestic problems of which there are many.
I’ve always felt uneasy about the US storing nuclear weapons in Turkey. This may come back to bite us!
… if Western Canada wants to avoid these tariffs all they have to do is become the 51st state.
Captain – I’m kind of hoping we can hold $3100 this week. Today has been a great day for gold and the large cap gold shares. No clue what to make of silver except that the silver shares are holding up better than they normally would. Unbelievable to me that the HUI did a 20 pt. turnaround and is up slightly. Should bode well going forward IMHO
Ipso – so Turkey is another NATO member. If Israel and Turkey mix it up and Israel attacks Turkish turf, what happens to that NATO alliance? Just another reason for us to scrap NATO.
I dropped in to see how his Bitcoin related stocks are doing in the sell off but he will sell although I moved to defensive awhile back, were doing. He made a pretty good speech defending Trump on the economy on his front page I thought I’d share. MSM has been doing a lousy job particularly before the elections were either clueless themselves or helping the left, even bringing the liars to talk without rebuttal.
Cabral Gold hit more BONANZA grade gold at the Machichie NE target, as much as 65g/ton.
8:01am- The markets are acting irrational with this selloff. There’s a massive supply-side tax cut coming which would probably increase capital stock by 10% which is DEFLATIONARY. There are huge cuts in government spending which is also DEFLATIONARY. Deregulation is lowering the cost of everything plus lowering inflation (DEFLATIONARY). Tariffs won’t increase inflation if we onshore business. This week, the USA had one of the best industrial production numbers ever. Buying American instead of foreign things has zero effect on inflation. The mainstream media are hell-bent on convincing us that EVERYTHING Trump does is bad, so they will NOT message us that the pro-growth policies of the Trump administration are NOT inflationary because it differs from their hate-Trump agenda. Think for yourself. So, today Thirdeyeopentrades is looking for buy opportunities. A throw-down day which might result in many bullish reversal hammers by the close. Look, as for Doge, if we reduce government spending, then that will reduce fiscal stimulus and it will lower prices (DEFLATIONARY). The FOMC has it wrong and they should be cutting a full point this year, but they won’t.
… has a good grip on the situation.
Looks like Trump and his benefactors (think Zionists, billionaires, bankers, etc) want to have their cake and eat it too.
Of course, if you wanted to collapse the US economy to install a control state on the sly … well … it could be argued this is exactly how you would go about it.
Welcome to Smoot-Hauley 2.0.
Welcome to another great depression.
But Trump is the little guy’s friend, right?
He didn’t just move the tax burden onto to you right?
Wrong
But it’s Liberation Day – only problem is he liberated the wealthy – not you.
In Warning To Turkey, Israel Strikes Several Bases Across Syria
https://www.zerohedge.com/geopolitical/warning-turkey-israel-strikes-several-bases-across-syria
I think a lot of paper gold longs got shafted today!
Silver longs too although silver isn’t recovering so quickly.
I’d prefer DV to get taken out at a 30 or 40% premium rather than raising a bunch of cash. Even if, I think it’s a solid play … as juniors go.
The majors have been pulling in the big bucks. They are flush with cash for takeovers.
I totally agree about Dolly Varden (as I own a few shares).
OTOH, reducing the number of issued and outstanding shares from 318 million to just under 80 million, will give the company ample opportunity to issue secondary offerings to raise much needed cash!!!!
Sorry, but owning and holding a lot of these shares the past 25 years, has conditioned me to think this way…..
Hope it works out for them.
I’m not usually a fan of a reverse split of shares but I guess this coming “consolidation” of Dolly shares (1 for 4) is for a good reason. Along with it’s listing on the NYSE-American stock exchange it should attract the interest of financial institutions who are prevented from investing in Dolly in it’s present form.