A finance - econ guy’s anon account | Memes and jokes are also done here | I identify as normal | Posts are not Financial Advice | THRICE blocked by
@jimcramer
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Real estate is completely collapsing. There is no question. Don’t let anybody lie to you.
This is South Padre Island, Texas. I lived there for more than a decade.
I have never seen even 1/10 of this number of units available at once.
284 houses for sale at the same time.
I want you to think this through carefully: today, the stock market will be up big, because people can’t find jobs.
Think about that.
Wall Street is cheering that things are hard on you. Why? Because it will (they hope) force the Federal Reserve to lower interest rates, which
BREAKING: Dow futures soar over 500 points after April jobs data comes in significantly below expectations.
Not only did the economy only add 175,000 jobs, but the unemployment rate rise to 3.9%.
On Wednesday, Fed Chair Powell said substantial weakening of the labor market
Different state, same result.
This is Denver Colorado, courtesy of my lazy “take a photo of my desk monitor” cam.
There is a sudden, significant inventory build of homes in major cities.
A housing correction is underway.
This one has nothing to do with coastal waters or
@JPlainclothes
Free market capitalism is a glorious thing. We don’t have that.
Central bankers picking the winners and losers is a horrible, horrible thing.
@JoeyMannarinoUS
I don’t remember Nelson Mandela publicly insulting literally everyone who might disagree with him on a single issue, including his former staffers.
I don’t remember Nelson Mandela, saying, “we have everything, we’ve caught them red-handed” and then never producing anything.
Anybody but me sick and tired of being bullied into living in a world that isn’t real?
Enough already.
There are exactly two sexes (and “gender” is just another word for “sex”).
NVDA did not create new laws of physics. And their sales ARE going to shell companies.
Roaring
@WallStreetSilv
This stuff pisses me off so much. Her pain is real. It’s worse than many (right now), but it’s out there. It’s legit.
My firm works with working-income people, not the very wealthy, and we see this more and more now.
Since this one is surprisingly viral, give my poor account a follow.
You won’t see much cleavage but you’ll learn a little macro / micro in a spicy way. 😂
@Rockslovak
@mtaibbi
1 million Americans died *with* Covid. I think there will be a LOT of debate about how many of those deaths were *from* Covid.
They were caught calling suicides, murders and car accidents “Covid deaths”.
@Culture_Crit
It’s fascinating that “communist rule“ architecture looks damn near like every commercial and apartment building built in the United States in the last 20 years.
@unusual_whales
It’s amazing that employees having to actually behave like employees, and facing repercussions when they don’t, is shocking news to anyone.
@deirdrekwalsh
I’ve learned that everything people accuse you of is what they are actually guilty of.
It is the anti-Trump group that is the cult, mich more than the MAGA crowd.
Rising unemployment is good news for Wall Street today,
Until it’s not.
You have to learn to ignore these momentary, emotional reactions.
Rising unemployment happens as recessions arrive. Stock markets fall 50–80% during recessions.
Ignore the insane hubris and batten down
"The GOP is the party of parental rights because it is increasingly anti-democratic. It has become the party of ruthless, cynical power, and children aren’t exempt from its schemes. In fact, they’re key."
@onesarahjones
writes
@Kingstonyu
@unusual_whales
A social gathering in which wall fixtures, furniture, and dishes are destroyed and DNA is left on most horizontal surfaces.
Seeing that YouTube removed
@joerogan
’s interview with
#DrRobertMalone
, and Twitter banning Malone, made me listen to my first Joe Rogan podcast. I’m now a huge fan and follower.
“If you strike me down, I shall become more powerful than you can possibly imagine.”
For those of you saying it’s only coastal areas because Al Gore is finally going to get it right for once, or windstorm insurance or whatever, it’s not.
This gentleman correctly points out Austin, Texas is red like a rash all over the map with homes suddenly for sale. So is San
@PrisonPlanet
The first war in my lifetime where we weren’t constantly bombarded by images and videos and embedded reporters. This one is really quiet with almost no visuals.
They aren’t showing us what’s going on. They are telling us what’s going on. That always makes me highly suspicious.
My Econ chart of the day (so far): according to the San Francisco Fed, the excess savings during the Covid pandemic is fully depleted.
This more than anything is what’s held off the recession from finally grabbing hold.
You always have better view of the economy in hindsight,
@Nvania
@RozeRage
@HazardHarringto
I’m curious: how many other people do you know have escaped death in this life by avoiding daily activities?
Here’s a clue: 100% of us do not get out of here alive.
@ryanfoo
@Ben64319554
I decided to run the numbers quickly.
There are 261,498,926.241 Troy ounces of gold in the US Treasury.
There is $21.69 Trillion currently circulating (M3).
For us to return to gold, it would raise the cost to $82,944.89 per ounce.
Russia: Checkmate.
@RealAlexJones
It would be helpful if I saw ALL of your posts, but alas, the algorithm doesn’t show me everything without doing the deep dive. Thank you.
@ggreenwald
@elonmusk
@RandPaul
I actually do not believe the system can be fixed. I think it needs to be scrapped and rebuilt. It is hopelessly corrupted.
@TPostMillennial
Nothing. I told my son he’d better be prepared to step up.
If you’re man enough to do what makes a baby, you’re man enough to provide for one.
The official numbers of our economy, frankly, are lying to you. That sounds alarmist, but that’s the only conclusion I can make. Let me give you an example:
The United States Bureau of Labor Statistics creates the official counts of new unemployment filings and job creation
@KobeissiLetter
@GlobalMktObserv
And they revised January down from 353K to 229K.
They’ll put out any fucking number in the first print that they want. Then they revise it quietly behind the scenes.
It’s not a strong number. It’s a fraudulent one.
I’ve said before, it’s 2008 all over again.
You don’t need a subprime mortgage crisis to have a housing crisis.
You just need a catalyst and a bubble.
We have a bigger bubble than we did then.
2022:
-Only Fans: Wow Rates are high at 5%, I can’t afford this 🏠
-Agents: Don’t Worry, there is a Fed Pivot coming, you can always Refi when rates go 📉
2023:
Only Fans: My property taxes 📈
& rates 📈 44% I can’t refinance
Agents: (silence) now working as a bartender
@realestatedude0
This right here is why your industry is a dying one. No one trusts you, and frankly, you’ve given us lots of reasons just in this thread not even to like you.
@unusual_whales
I’ve said before and will say again, it is criminal that any guaranteed pension plan is ever allowed to be leveraged or invested in something like cryptocurrency.
Holy shit, criminal malfeasance.
@leftwingzealot
@ggreenwald
Hell yes they did. In the first 30 seconds. This is not a democracy, never has been, and it is not majority rule. It is a constitutional republic based on representation and federalism. 50 sovereign states aligned together.
I’ve got news for you guys: they were never going to cut.
Anybody who believed the “seven cuts in 2024” narrative should immediately hand their finances over to a trustee.
@LightBlueChevy
Pure guesswork on my part:
He knows that a recession is coming. He’s just hoping it happens after the election. He’ll let the recession finish the Inflation job. Meanwhile, if a recession shows up, he will have justification to start a lower rates, which politicians and his Wall
If you pay attention to one chart today, let it be this one.
This is the Citi Economic Surprise Index. It takes account of changes in economic data that either positively or negatively surprised analysts, and came in above or below their original expectations.
Hard data are
@pv_daddy66
That was my assumption. I am totally shocked to see this many units for sale. We didn’t see this even during GFC and after Hurricane Dolly hit the island so hard.