From CNBC:
Mortgage rates jump even higher after positive jobs report
The good news is Americans are making more money – because they’re going to need it, especially people thinking about buying a home.
While the just-released January employment report showed job growth that topped expectations, to go along with a nice gain in wages, it also sent bond yields soaring. Mortgage rates loosely follow the yield of the 10-year Treasury. Bond yields have been rising for weeks on strong economic data domestically as well as changes in international monetary policy, but this move was the most dramatic.
The average rate on the 30-year fixed-rate mortgage is at its highest level in four years, about 4.5 percent, and for some lenders, it is even higher.
“This isn’t a knee-jerk reaction to some headline event. It’s a broad-based, deliberate move,” said Matthew Graham, chief operating officer at Mortgage News Daily. “A quick return to December’s levels is unlikely, even though we may get some relief on the way higher. How much higher is hard to say, but at a certain point, high rates are self-correcting. We’re probably at least half-way to that magic line in the sand.”
Boiling the change so far down to a monthly payment, if a borrower took out a $200,000 mortgage in the middle of December, when the average rate was around 3.875 percent, they would have had a monthly payment of $940 (that’s not including taxes and insurance). If they were to take out that same loan today, the monthly payment would be $1,013.
While $73 a month may not sound like a lot to some, this is just a best-case scenario. Depending on your creditworthiness, it could be a bigger difference. For some borrowers on the margins, they may no longer even qualify for the loan. Lenders today are required to make sure the borrower has the ability to repay a loan, based on income and other expenses. If the monthly payment is even slightly higher, some borrowers may not make that ability-to-repay standard.
For those out house hunting already, the higher rates will only add to the weakening affordability in the market. Home prices continue to move higher at three times the rate of wage growth. In some large metropolitan markets, annual price gains are in the double digits.
Friskies
This is good news. Higher rates = less affordability. That along with high taxes keep the riff raff away. Since I am far sighted it is so much easier to look down on my lessers from a distance. Plus I won’t have to listen to their music and smell their food. /off sarcasm
We have survived a terrible economy over the past 17 years. Congrats to everyone that was able to do well under those terrible conditions. For everyone else that didn’t do so well, the good times are here ladies and gents. Let the good times roll!
Now people will realize they should have taken out loans at the ultra low rates (aka free money level) when they had a chance. Even if my house doesn’t appreciate a penny, the amount of money I saved by getting a 2.75% rate is all I need to feel like I made off with my purchase. That’s a lot of money I didn’t have to pay in the form of interest.
Wage inflation? Wife just got a 20% raise and I received 12%. And perfect timing with our fed tax rates moved down to 24% from 33%. Hard work during the bad times really pays off when the conditions turn for the better.
Why should I leave jersey for these other locations? Thank you to the nyc metro area economy and all the opportunities it provides.
Pumps,
Is that a 15 or 30 year rate? I thought my 3.375 30 year was a great deal.
So the memo turns out to be a “Wheres the Beef?” event. Here are a few bits and pieces to aid the discussion.
While everyone seems to be focusing on who paid Fusion, no-one seems to have managed to disprove the contents.
Steele had credibility with the Feds as he gave them info that brought down FIFA. Clot must love him for that!
The warrants were re-upped which would indicate that they were producing. That lends more credability to the Steele dossier. If Gates Legal team thought they could make a case that the Warrants were illegal and therefore all evidence inadmissible so there would be no case against Gates? (Note that the legal team filed for withdrawl on Thurdsay that suggests the Plea Deal is in.
Why is everyone lying or having recall issues about all these meetings?
Why does Donnie seem He11 Bent on shutting this down? If there is no fire with all this smoke, let it run its course and clear him.
The Truth is going to come out, one way or the other.
We’re going to need a bigger boat!
https://www.newscientist.com/article/2160130-leaked-photos-suggest-china-may-now-have-a-hypersonic-railgun/
This is the result of TDS in the last year.
Groundhogs day 2018
https://youtu.be/Sty6mbPfIwk
Fab – the truth right now is a blue dress with a stain. But hey keep digging all the way to China, after all Donnie is the real Manchurian candidate. Just look at the amount of times he mentions his chinese friends who loaned him a billion dollars. Donnie is not the super villian dreamt up by some James Bond wannabe.
If Trump filled up his car at the Lukoil station he would be accused of colluding with Russian oil oligarchs.
Why is Trump refusing to enforce the sanctions imposed by a law passed almost unanimously out of Congress?
More TDS from the Media.
Solar energy good. Tariffs on imported solar panels bad.
What isn’t covered in this article?
http://www.newsweek.com/trumps-solar-panel-tariff-will-cost-23000-us-jobs-796387
From a UK news source.
“The decisions in the two “Section 201” safeguard cases followed findings by the US International Trade Commission (ITC) that both imported products “are a substantial cause of serious injury to domestic manufacturers,” US trade representative Robert Lighthizer said.”
“The domestic solar panel producers who sought the trade remedies wanted tariffs of 50% – the highest allowed under law. Petitioners Suniva and SolarWorld have said they cannot compete with the influx of cheap imports, mostly from Chinese producers, which has caused solar panel prices to drop more than 30% since early 2016.”
The Nunes memo was all a distraction from Trump’s truly brazen and ridiculous decision NOT to enforce the Russian sanctions bill.
Sanctions, Sanctions, Sanctions.
We aren’t dealing with Venezuela where OUR sanctions have left many starving in the streets. Oh by the way the Chinese are helping them bypass our sanctions with Oil-for-loan deals.
Adding to Russia NEW Sanctions this year in the financial markets is what is being proposed. Existing sanctions remain and the Oligarchs were named. But cut off Russian public debt financing from the world markets? They don’t call it the “nuclear option” for U.S.-Russia relations for no reason.
Trump refusing to enforce a law that he signed and passed Congress with 99% support. When is the last time Congress agreed on anything?
Oh and a few days before that decision not to enforce sanctions, Trump’s CIA director had a little sit down with a Russian spy.
Nothing to see here, there is an outlandish memo being released!
Trentonymous BOT, want to see the alert level of our Armed forces rise? Is the Ukraine’s Crimean Peninsula worth it? Does anyone really think the Russians will ever give it back?
The Crimean Peninsula annexation in 2014 is a black eye on the Obama administration, Putin saw Obama was weak and went for it. They did nothing then and now Trump Administration is expected to escalate sanctions in response and use the “Nuclear Option” in the bond markets?
Let’s hope cooler heads prevail.
We have survived a terrible economy over the past 17 years. Congrats to everyone that was able to do well under those terrible conditions. For everyone else that didn’t do so well, the good times are here ladies and gents. Let the good times roll!
Now people will realize they should have taken out loans at the ultra low rates (aka free money level) when they had a chance. Even if my house doesn’t appreciate a penny, the amount of money I saved by getting a 2.75% rate is all I need to feel like I made off with my purchase. That’s a lot of money I didn’t have to pay in the form of interest.
And the pension that owns the CDO that has your mortgage gets screwed.
Juice, the dress shows two things.
Its not the crime, its always the cover up.
You can always be acquitted after the fact.
Should the same standards hold here or is this “different”?
Juice,
Why did 99% of Congress pass the law, and Trump sign it, just to be too scared to enforce it?
Btw the sanctions are not just about Crimea. They are about interfering in our elections, murdering political dissenters like Magnitsky, and invading Crimea.
We look very weak passing a law like that and then not enforcing it. America First!
Yes, it’s a 15 year. You have an awesome rate for a 30 year. With the combination of a low rate and the appreciation you have gained, doing well for yourself.
Hold my beer says:
February 3, 2018 at 9:05 am
Pumps,
Is that a 15 or 30 year rate? I thought my 3.375 30 year was a great deal.
That’s capitalism for you, sometimes someone wins and someone loses. Sometimes it’s an even trade off.
“And the pension that owns the CDO that has your mortgage gets screwed.”
Ofcourse the failure to enforce sanctions is just the beginning.
Trump has not uttered a negative word about Putin or Russia or taken a single action that would not be advantageous to Russia.
Weakening America ties with NATO, isolating the US, weakening US institutions like the FBI and CIA, sowing racial and ethnic division in the US.
Trump is executing Putin’s dream.
And btw Trump’s campaign manager, who is going on trial this spring, was a major Russian money launderer.
Trump’s national security adviser, who pled guilty to lying to the FBI, just before joining the Trump campaign was paid to attend a speech in Russia and sit next to Putin at dinner.
The best people!
It’s all good. The truth will come out!
I am old enough to remember when the right wing was having a fit that Russia invaded crimea because Obama was “weak.”
Well what does failing to enforce sanctions passed into law unanimously show? Strength?
So it is another ground hog day of TDS.
Why this obsession with Russia? There are far more dangerous enemies out there than Russia. Does anyone really think Putin will resurrect the old Soviet empire? It collapsed in part in the first place because empires cost money. There was a push to get Ukraine into NATO and that was Putin’s line in the sand. He grabbed Crimea in the process as it was never a part of Ukraine which by the way has been corrupt and unstable since it gained independence.
The obsession with Russia is that Trump seems mysteriously enamored with Russia and Putin, while they are trying to undermine the us. Trump is getting played like a fiddle by Putin and you have to wonder why.
Not to say Trump is doing a bangup job relative to China or anyone else, but the Russian dynamic is particularly disturbing.
Oh and in case you haven’t noticed, there is a special prosecutor investigating the President and his well established financial ties to Russia, not China.
This is why Presidents have released their tax returns. To remove questions like these. Again, Trump won’t and it makes you wonder why.
@StephenKing
Yo memo so lame it uses a handicapped space at the mall. #YoMemoJokes
@Marmel
Hey, Devin.
Yo memo so bankrupt, it used to be a Trump casino.
#YoMemoJokes
The left is still looking for the entrance. LOL!
Trenton I don’t deny that. I am talking about the whole Russia is the enemy again even under Obama. It’s even portrayed in movies and television shows Russian spies KGB and all the rest. The Warsaw Pact is gone yet NATO is still there and expanded right up to Russia’s borders. The grab to add Ukraine was the last straw from Putin’s perspective. As for Russia being a dictatorship true. So what? So is China?
I am not saying the U.S. should be best buddies nor do I necessarily trust them. In fact I don’t. My point is there was enough crap going on in the world without making Russia an enemy too.
@DeliriousCheeto
Yo memo is such a disaster Puerto Rico is sending it aid. #yomemojokes
@Marmel
Hey, Devin.
Yo memo so bank rupt, it used to be a Trump casino.
#YoMemoJokes
@shannonwatts
Yo memo is so full of holes, the @NRA sent it thoughts and prayers. #YoMemoJokes
@LisaBlackmer5
Yo memo bombed so bad Hawaii sent out an alert. #YoMemoJokes
@Epuff80
Yo memo is so deflated,Tom Brady asked to use it in the Super Bowl. #YoMemoJokes
Still live on a double-yellow line county drag strip, Gluteus?
BWAHAHAHAHAHA!!! Greedy grubbers’ day of reckoning is nigh!!!
Dotard is a natural grifter and shyster and got himself in trouble over the years laundering Russian money through sham development deals and questionable property sales.
Dumbass just got carried away and found himself winning an election nobody thought he’d win. Should’ve known that Shrillary couldn’t even sink a layup.
The Russians’ meddling in our election seemed almost like their people just having fun and seeing how far they could take it.
Then Dotard won, and shit got real.
Clotpoll;
Sh!t got even super real, with people doing the required checks for Presidential background check and all the data filters keep spewing out incredible links, with people doing triple quadruple what! what! what ! what! head turns.
The facts likely are that Trump’s whole financial shenanigans’ history are on records of some sort or another in FINCEN/Fed Reserve Wire/ NSA/ IRS /and other agencies.
It’s only when they are put together during the post election period that the goose lays an egg.
It’s Mueller’s job to translate the egg laying which will always remains hidden into actionable court enforceable results.
Sort of Project Vevona. Which got the Rosenberg’s giving the Atom Bomb to Russia. But legally -it was done by the brother-in-law’s testimony.
Russia is slightly less tyrranical than China. Russia has elections that Putin corruptly manipulates. Eventually Russians will have a chance to take control back constitutionally. Chinese by law have one party in charge of everything unless they have a revolution. But they are too collectivist and obedient to their emperor for that to happen. Both countries have crap cultures that will keep them down politically.
China has a government that systematically forces the majority of the population to work under slave conditions. I find it funny that the push back on trade agreements comes from the side that claims to be for higher wages and a higher standard of living.
Thinking about it further, I figure Donnie gets nailed one way or another. And things will generally turn out ok with time.
If Donnie fires Mueller pre or post indictment, not accepting his fate and goes Nixon like quietly, and fight because he thinks his will to power is stronger than the system. Two things will happen.
The three letter agencies will leak like Oprah sweating if she runs a marathon. And Mueller’s real job is translating the secret material kept in the archives of the U.S.G. to actionable legal admissible in court material. Mueller will ensure that all appropriate State Attorney Generals get their appropriate information so they can act.
Who was that deported Lucky Luciano? Who made Mayer Lansky flee to Batista’s Cuba?- Yes, it was the NY State Attorney General. So I expect, definitely NY AG, and likely NJ AG (Bedminster Golf Grounds purchase done in 2009 with Russian $$) to indict on State charges Trump Inc and family. Nice raids done by the NY State Police and with assets forfeiture being a big stick.
If Donnie gets indicted on State charges, tons of questions will arise. So whether the GOP impeaches, or loses the election or Donnie last till the next presidential swearing. The moment he reverts back to a regular citizen at 12:01 pm of January XX,XXXX. Guarantee you the US Marshalls will be waiting along with NY State Troopers to take into custody.
Will all learn a lesson. Keep the locust boomers from power and get rid of them asap. Economically and politically the years 1/1993 – 1/2021 or even 1/2025 (if Dems don’t listen to Sanders) will show what happens when you let a morally and intellectually bankrupt generation into power.
Russia, Putin looks more and more like old mobsters waiting for someone to hit on them. After all it is now a Mafia State built on top of an authoritarian foundations.
China, still has to transition to a bottom up free demand economy, from a top down autocratic corrupt system.
And we have not yet found bad “space aliens” that want think humans taste like chicken.
By the way recommends every sees this week’s episode of Bill Mahers in HBO. Scaramucci, Brazille, and Frum – fireworks galore.
Not clotpoll
I remember my first beer. Although this blog didn’t exist back then
@PRyan
A secretary at a public high school in Lancaster, PA, said she was pleasantly surprised her pay went up $1.50 a week … she said [that] will more than cover her Costco membership for the year.
9:08 Amen
Not Clotpoll,
When is the book coming out? What a tale! Is this what happens when the progressive mind reaches delusions of grandeur?
Trump doesn’t have to kill the mueller investigation. It’s effectively over. Mueller would never bring meaningful charges with the taint his investigation has been subjected too.
I was surprised to see the memo was off of the front pages today. But when you realize it’s another issue the democrats can’t win it makes sense for them and their water carriers to shift the focus away.
It seems the intelligence committee testimony when released will back the memo, which is to say the fisa application was fraudulent and massive abuse of power took place for political reasons. That’s not a side of history that anyone wants to be on.
12:11 You might be one of the dumbest people to draw breath.
And no comey, “that’s not it.” Much more to come.
12:14 nonsense, your cunt in chief is toast.
12:16,
I’m not the one that takes disorder medication, pal.
That’s the mentality that scares me. When the mueller farce ends with no meaningful indictments people who have been subscribing to the fake news story line for the past few years are going to lose their minds. it’s over.
Except the crying…
12:19 better living through chemistry…
Lol… the mind of the SJW…
https://www.youtube.com/watch?v=oFrZsGbO6N0
12:26 face it brown people scare you….
Yep accusations of racism. The new McCarthyism of the left. People are on to that. Not wanting to see your country turn into Mexico doesn’t mean you’re racist.
As I said recently…….. WSJ Editorial……. you don’t have to agree, in whole or in part, but it is certainly a well reasoned and supported opinion. I find it an interesting perspective…… whether I agree is another consideration….
By The Editorial Board
Now we know why the FBI tried so hard to block release of the House Intelligence Committee memo. And why Democrats and the media want to change the subject to Republican motivations. The four-page memo released Friday reports disturbing facts about how the FBI and the Foreign Intelligence Surveillance Court appear to have been used to influence the 2016 election and its aftermath.
The White House declassified the memo Friday, and you don’t have to be a civil libertarian to be shocked by the details. The memo confirms that the FBI and Justice Department on Oct. 21, 2016 obtained a FISA order to surveil Carter Page, an American citizen who was a relatively minor volunteer adviser to the Trump presidential campaign.
The memo says an “essential” part of the FISA application was the “dossier” assembled by former British spy Christopher Steele and the research firm Fusion GPS that was hired by a law firm attached to the Clinton campaign. The memo adds that former FBI Deputy Director Andrew McCabe told the committee in December 2017 that “no surveillance warrant would have been sought” without the dossier.
This is troubling enough, but the memo also discloses that the FBI failed to inform the FISA court that the Clinton campaign had funded the dossier. The memo says the FBI supported its FISA application by “extensively” citing a September 2016 article in Yahoo News that contained allegations against Mr. Page. But the FBI failed to tell the court that Mr. Steele and Fusion were the main sources for that Yahoo article. In essence the FBI was citing Mr. Steele to corroborate Mr. Steele.
Unlike a normal court, FISA doesn’t have competing pleaders. The FBI and Justice appear ex parte as applicants, and thus the judges depend on candor from both. Yet the FBI never informed the court that Mr. Steele was in effect working for the Clinton campaign. The FBI retained Mr. Steele as a source, and in October 2016 he talked to Mother Jones magazine without authorization about the FBI investigation and his dossier alleging collusion between Russia and the Trump campaign. The FBI then fired Mr. Steele, but it never told the FISA judges about that either. Nor did it tell the court any of this as it sought three subsequent renewals of the order on Mr. Page.
We don’t know the political motives of the FBI and Justice officials, but the facts are damaging enough. The FBI in essence let itself and the FISA court be used to promote a major theme of the Clinton campaign. Mr. Steele and Fusion then leaked the fact of the investigation to friendly reporters to try to defeat Mr. Trump before the election. And afterward they continued to leak all this to the press to cast doubt on the legitimacy of Mr. Trump’s victory.
No matter its motives, the FBI became a tool of anti-Trump political actors. This is unacceptable in a democracy and ought to alarm anyone who wants the FBI to be a nonpartisan enforcer of the law.
We also know the FBI wasn’t straight with Congress, as it hid most of these facts from investigators in a briefing on the dossier in January 2017. The FBI did not tell Congress about Mr. Steele’s connection to the Clinton campaign, and the House had to issue subpoenas for Fusion bank records to discover the truth. Nor did the FBI tell investigators that it continued receiving information from Mr. Steele and Fusion even after it had terminated him. The memo says the bureau’s intermediary was Justice Department official Bruce Ohr, whose wife, incredibly, worked for Fusion.
Democrats are howling that the memo, produced by Republican staff, is misleading and leaves out essential details. They are producing their own summary of the evidence, and by all means let’s see that too. President Trump should declassify it promptly, along with Senator Chuck Grassley’s referral for criminal investigation of Mr. Steele. But note that Democrats aren’t challenging the core facts that the FBI used the dossier to gain a FISA order or the bureau’s lack of disclosure to the FISA judges.
The details of Friday’s memo also rebut most of the criticisms of its release. The details betray no intelligence sources and methods. As to the claim that the release tarnishes the FBI and FISA court, exposing abuses is the essence of accountability in a democracy.
Intelligence Chairman Devin Nunes is doing a service by forcing these facts into the public domain where the American people can examine them, hold people accountable, and then Congress can determine how to prevent them in the future. The U.S. has weathered institutional crises before—Iran-Contra, the 9/11 intelligence failure, even Senator Dianne Feinstein’s campaign against the CIA and enhanced interrogation.
The other political misdirection is that the memo is designed to undermine special counsel Robert Mueller’s probe into possible Trump collusion with Russia. We doubt Mr. Mueller will be deterred by any of this. The question of FISA abuse is independent of Mr. Mueller’s work, and one that Congress takes up amid a larger debate about surveillance and national security. Mr. Trump would do well to knock off the tweets lambasting the Mueller probe, and let House and Senate Republicans focus public attention on these FISA abuses.
***
If all of this is damaging to the reputation of the FBI and Justice Department, then that damage is self-inflicted. We recognize the need for the FBI to sometimes spy on Americans to keep the country safe, but this is a power that should never be abused. Its apparent misuse during the presidential campaign needs to be fully investigated.
Toward that end, the public should see more of the documents that are behind the competing intelligence memos to judge who is telling the truth. Mr. Trump and the White House should consider the remedy of radical transparency.
Appeared in the February 3, 2018, print edition.
Can anyone explain how the FISA warrant was “fraudulent?”
I have never heard of a warrant that was issued through lawful processes, and signed by a judge, being “fraudulent.”. That is not even a thing. A warrant is either issued or not, end of story. Judge signed off.
Additionally, what on Earth does that have to do with Mueller’s investigation. 4 people are already facing criminal charges, which has nothing to do with the FISA warrant.
Trump’s OOJ charges and likely money laundering charges have nothing to do with a FISA warrant.
Trump already confessed to OOJ on national TV claiming to have fired Comey to make the Russia thing go away. Mueller is just filling in the rest of the story.
Anyone curious why Carter Page, a guy who was a self proclaimed representative of the Kremlin, was hired by the Trump campaign?
Why was Paul Manafort, who is a well know foreign operative for Russian interests, hired to run Trump’s campaign.
The fact that the FBI was interested in Carter Page should surprise no one.
WSJ is attacking the FBI fo investigating Russian agents like Page? They would not be doing their job if they didn’t.
What you all should be worried about is why Tump’s campaign was dealing with Page, Manafort, Popadopolous, and Flynn to begin with.
What kind for Presidential campaign hires this band of traitorous misfits?
The Democratic National Committee (DNC) and Clinton Campaign paid Christopher Steele $160,000 to dig up information on Trump team members including Carter Page. Steele also provided this information to the FBI.
The FBI and DOJ asked the FISC (Foreign Intelligence Surveillance Court) for permission to surveil Page, using the Steele Dossier as evidence. They did not disclose that Steele was paid by political opponents of their target to compile the information presented to the court. Based on probable cause from the information amassed by a democrat operative, the court granted their surveillance request…”Nunes Memo” reveals felony wrongdoing by top members of the FBI and DOJ for misrepresenting evidence to obtain a FISA warrant and may implicate other intelligence officials.
When you are attacking the FBI for doing it’s job investigating traitors, you are losing. Badly.
The Washington Post reported Friday that Justice Department officials made “ample disclosure of relevant, material facts” to the court that a political entity provided financial backing for the research, though they did not name Hillary Clinton’s presidential campaign or the Democratic National Committee (DNC)
Even the biggest GOP political hack alive, Trey Gowdy admitted that the Nunes Memo has no effect whatsoever on the Mueller investigation.
Steele was originally hired by Republicans to investigate Trump’s ties to Russia, then was picked up by Democrats.
No question there was a political motivation for the research, but the reality is, so what!
Carter Page is a sketch ball that the FBI was very interested even before the Dossier. Political opposition research turns up all sorts of factually accurate information.
For some odd reason Donald Trump felt Page was qualified to advise his campaign.
According to published reports, the FBI obtained a first FISA warrant to eavesdrop on Page’s electronic communications during 2013. And they have been paying attention to him, on and off, ever since.
Trenton the wapo and the rest have been lying to you so you click on their articles. That’s certainly a subjective claim they are parroting.
Don’t forget the investigation is into Russian interference. Something that we should all support because they clearly played both sides. Big distinction from trump collusion, which was a bogus narrative cooked up by the DNC, crooked Obama’s officials and the fake news.
The investigation into trump in a substantial way is done. It’s healther for you to recognize it now.
When you are attacking the FBI for doing it’s job investigating traitors, you are losing. Badly.
Unfortunately for you, we’re still winning bigly and you can’t stand it. And if Trump is gone, Pence steps up! Any questions, bitch?
LMAO!!!
Was the Wapo lying about Flynn?
Manafort?
Guess what, they are both criminals. At least Flynn and Popadopolous were smart enough to flip on Trump the Traitor and make a deal.
Wait until Don Jr. and Kushner are next and then will start singing too.
Investigation is just getting started.
The investigation into Trump is very much alive.
Trump confessed to obstruction of Justice on television. Every tweet he sends about Russia solidifies that charge even further.
Don Jr. confessed to collusion in an email. The Trump tower meeting is your collusion.
Flynn will corroborate.
Mueller is simply filling in the rest of the story as we speak, but the obstruction charge is already obvious.
I get it, many of you don’t believe the President can commit a crime. You are authoritarians and you support your supreme leader no matter what. He is your guy and you are willing to look the other way. He said it himself, Trump could shoot someone on 5th Ave and you will still support him.
Fortunately for the country, the law will not look the other way.
I get it guys…
Tump and Putin are the good guys.
The FBI, the CIA, a free press, an independent judiciary, and check and balances are bad.
Oh and boycott the NFL!
You realize Trump is sitting at Mar A Lago hosting a super bowl party full of billionaires as we speak laughing at all the people he so easily manipulated into following him mindlessly.
Oh and if someone says something you disagree with or states a fact you don’t like just call it fake news! Works like a charm.
Wahhhaaaaa!!! Wahhaaaaa!!! It’s not fair!! Wahhhaaaa!!! We should have won! Whaaaaa!!!!
Slate, Salon, MSNBC, Huff Po… there’s the true, unbiased reporting for you!
Real Estate deals or Uranium deals, which one is more dangerous?
What PumkinTrentonymous is trying to say is.
Do you want the country to turn into Hudson County? That is where we are headed.
About 10 yrs ago, a guy named Joe Ferriero became Bergen County Dem party leader.
Close with the Hackensack Zisaville world. Right away he try to pull a Hudson County. The saving grace was the Teaneck Sen. Lorretta Weinberg stood up to him and made sure his cr@p did not fly.
First thing Ferriero did to bring HC to BC was to appoint a Sheriff who (later used the excuse he was discriminated against because of being gay, but ended up serving time/probation because) he started to demand political donations (aka pay to play) from underlings. In North Bergen, Union City, West New York, Jersey City – this is SOP. You want to move up the ranks you buy thousands of dollars of party fundraising tickets and work the elections.
It did not fly in BC, because BC does not have the culture that was required to make itself grow. That culture is recent hungry immigrants that vote for anyone that does them a favor. A hundred years ago -Irish, Jews, Italians, now Latin Americans,etc.
The issue gentlemen is the word ONCE. ONCE it happens, that is all it takes. Than you are a crook, a thug – using the color of the law to advance your interests – no different than Mexico, Russia, Brazil, Turkey or any other sh!th0l3.
Oh I forgot the other tactic, if fake news doesn’t work, just start yelling something about Hillary.
Mindless devotion to the Supreme Leader. I see why Trump is such an admirer of Putin, Duerte, Ergodan, and hates Western democracy.
Trump is after complete power, and you dopes would give it to him if you could.
The only things between Trump and total power are the media, the FBI, and the courts. And you dopes are tripping over one another to undermine those institutions so no one can question the dear leader.
It’s killing you. You thought you had him and then you found out a dossier was written by a former British agent who got funding from the Clinton campaign and the Democratic National Committee. Collusion? Blackmail? I smell an investigation!
Christ people, you don’t see the real problem? The whole lot of them are criminals.
And if Trump is gone, Pence steps up!
[…]
My prediction has always been that Pence goes first. Who jumps in that seat then?
[…]
Any questions, bitch?
“dossier was written by a former British agent who got funding from the Clinton campaign.
If the contents are true, who cares who paid for it.
I can’t find anything disputing the content!. You know the Gnomes are digging trying to find a wedge into the dossier.
Ya got a bit of a problem here.
“Real Estate deals or Uranium deals, which one is more dangerous?”
Well we know the RE deals lead back to Donnie, they link back to Hillary was never there.
“Oh and boycott the NFL!”
Funny it was always the Giants Fans in my feed going on about boycotting. Look what a bad season will allow you to do . I wonder if the VFW in Wayne is showing the game after saying they would boycott all games.
Talking to Giants fans all week and they are all conflicted. I hate the Eagles more than I hate Brady.
But the most honest was a Vet that said I’m taking the Eagles, because 17 Pats took a knee and not one Eagle did. And I’m not boycotting that!
Got the half time box.
Party on Wayne!
Party on Garth!
I never said Putin was a good guy. He’s advancing his own interests using whatever means he has at his disposal. The fact that he’s an adversary in many cases makes using his propaganda as a political weapon all the more unconscionable.
Fabius – I haven’t read it but even the hack comey admitted that little to none of the dossier was verified. Apparently the FBI didn’t have the sources needed. Which you can surmise when this little plan(aka “insurance policy”) was cooked up is why they contacted a corrupt DOJ official’s wife at Fusion GPS to do the dirty work. So they ended up with avowed Trump hater Steele and his Moscow sources. The whole affair is rotten through and though.
Calling Comey a Hack, turn off Fox and go research the guy.
Here start with this.
http://www.latimes.com/politics/la-na-pol-mueller-comey-ashcroft-domestic-surveillance-20170517-story.html
Iggles FTW
Interesting photograph – anyone want to put words to it?
http://dailym.ai/2E259Az
I just flew in from Vegas. Boy are my arms tired.
“anyone want to put words to it?”
The White House needs a better dry cleaner. Look how wrinkled the Donald’s suit is!
Which one of you was the eagles fan eating horse p00p after the super bowl?
Bitcoin down to $7k now. Dow down 1500 from the highs not long ago. Have all bubbles began to simultaneously pop?
Man that “Trump Market”
I wouldn’t call the stock market a bubble. The powers that be are taking some profit while shaking the tree for weak hands. Aka buying opportunity.
Of course. Dolt.
If you listened to some of the people here, they warned of the crucial 2.80 area in the ten year. But YOU are always right.
I’m 99% sure that these drastic moves are being caused by HFT.
VIX 30.71 Price increase13.40 (77.41%)
Crypto getting smashed, Bitcoin is down about 60% for the month.
Jesus walk away from my computer for 15 minutes and the world goes to shit.
VIX sets new record.
Market summary > VIX
INDEXCBOE: BVZ – Feb 5, 3:10 PM CST
38.80Price increase21.49 (124.15%)
How many people are using the 10 year as an indicator and acting off it? Who cares that companies are killing it and the economy is finally growing. Who cares that people are finally getting raises and jobs. These price corrections only matter to traders, everyone else should ignore it.
Libturd, AKA Dr. Howie Feltersnatch says:
February 5, 2018 at 3:22 pm
Of course. Dolt.
If you listened to some of the people here, they warned of the crucial 2.80 area in the ten year. But YOU are always right.
I’m a highly confident that the economy will have healthy growth in the coming decade, so why would you waste your time trying to time the market. Just dollar cost avg and count your money in ten years.
4:29
Lib,
My point is how many people are simply acting off the 10 year? Lots! Like lemmings they all act on the same indicator creating a self perpetuating drop in the market based on bs. God forbid we finally get inflation, let’s all act like this is such a terrible thing. Only been waiting for inflation for how long? Now we get it and they all cry like it’s a bad thing. They are simply just looking for reasons to start a correction and looks like they found their ammo in the ten year. It’s totally unwarranted.
Just the entire US mortgage industry. Your education level is so obvious.
How many people are using the 10 year as an indicator and acting off it?
How to post something helpful without diving into all the minutiae. Got it fcukwad?
heuristic
2) Pertaining to the use of the general knowledge gained by experience, sometimes expressed as “using a rule-of-thumb.” (However, heuristic knowledge can be applied to complex as well as simple everyday problems. Human chess players use a heuristic approach.)
As a noun, a heuristic is a specific rule-of-thumb or argument derived from experience. The application of heuristic knowledge to a problem is sometimes known as heuristics .
The Great Pumpkin says:
February 5, 2018 at 4:35 pm
4:29
Lib,
My point is how many people are simply acting off the 10 year? Lots! Like lemmings they all act on the same indicator creating a self perpetuating drop in the market based on bs. God forbid we finally get inflation, let’s all act like this is such a terrible thing. Only been waiting for inflation for how long? Now we get it and they all cry like it’s a bad thing. They are simply just looking for reasons to start a correction and looks like they found their ammo in the ten year. It’s totally unwarranted.
The 3PM bounce was expected, the 3:30PM resumption of selling was not…….pretty oversold…..we will see where this goes…..I told clients I wanted 5-8% more off of Friday….we’ll see where this goes…..I have no answers, but it is good to see this finally…
Chi,
If you are not day trading, should you even worry about this current drop? In your opinion, is the economy in good shape in the next 5 years?
Pumps, interest rate curves have real impact on business. Borrowing is very important on the demand side and increased rates generally mean decreased profitability. Equity markets have been absorbing a lot of dollars as a result of incredibly poor yields on fixed income instruments. If rates really increase, the stock market looks expensive and money will be taken off the table as people take profits. the stock market looks expensive and the fear over rates is real hence all the algos triggering on the movement in treasury rate. The bankers will take their profit before the party ends and buy back in when it is thoroughly dead.
Oh ChiFi – You do love those Greeks
Why is the 10 year important?? Jeez!!
Trump did make a mistake pointing to the stock market as a be all end all indicator of the economy.
All I’m saying is that the yield is rising because the economy is normalizing. People cried days on end that the economy was broken because of ultra low rates. Rates finally start to head back to the road of normalization on the back of a strengthening economy, and people act like it will kill the economy as opposed to containing its growth (so it doesn’t get overheated).
I’m obviously in the band that thinks the stock market is not overvalued. I have been hearing about this overvalued talk for over 7 years. Bears need to give it a rest. The economy is on strong solid footing with strong demographic spending patterns to drive it.
Future Entrepreneur award:
https://nypost.com/2018/02/05/girl-scout-who-sold-cookies-outside-pot-shop-could-be-in-trouble/
This is exactly what I had stated on this blog earlier today.
“Chalk this up to a case of “be careful what you wish for.”
On paper, Wall Street should be rejoicing right now — not racing to cash out as investors have been doing lately.
Investors, after all, recently got the corporate and income tax cuts they’ve been clamoring for. The economy is accelerating for real, with U.S. gross domestic product now expanding at a annual pace of more than 3% (after inflation) for three straight quarters.
And for the first time in a long while, it appears that worker wages are finally beginning to lift, with average hourly earnings rising to $26.74 in January — a 2.9% increase over the past year.
This represents the fastest rate of wage growth in nearly nine years, since the end of the Great Recession. And it effectively marks the end of the global economy’s war against deflation, which had been the biggest economic threat since the financial crisis began more than a decade ago.
In theory, these are all bullish developments. Yet stocks are going in the opposite direction.
That’s largely because the natural outgrowth of an expanding economy and rising wages is inflation, which hasn’t been a real threat to the economy in nearly three decades.
Investors now believe it is.“
Why the Stock Market Is Crashing Now, and What You Should Do About It – Money
https://apple.news/AWQJTKX0oR_OSlZLlOlkSZg
And damn was Pumpkin on point with the exact years wage inflation and inflation in general would hit. Name any other person making this call back in 2012/13 besides your so called village idiot…pumps.
“Is inflation really heating up?
Yes. Even though it seems tame right now — the consumer price index is up a modest 2.1% over the past 12 months — there’s a good chance inflation could start to pick up steam.
Why? For starters, “signs indicate that wage growth is headed even higher later this year,” says Brad McMillan, chief investment officer for Commonwealth Financial Network.
For example, the labor force participation rate — which measures the percentage of the working-age population that is employed or looking for work — “seems to have hit an upper bound at around 63% and has been bouncing around somewhat below that,” McMillan notes. Even with wages and job creation accelerating, January’s labor participation rate was 62.7%, which is about where it’s been for four straight months.
“This could be a sign that all of the workers available, or close to it, are now working,” he says. And if that’s the case, companies seeking to employ new workers may have to shell out even higher wages to attract talent, potentially pushing inflation up even higher.
That, in turn, could mean that corporate profit margins are about to be pinched.
There’s one other reason why investors should brace themselves for higher inflation.
Jim Paulsen, chief investment strategist for The Leuthold Group, notes that for the first time in this economic recovery, nomimal GDP growth (that is, economic growth before the effects of inflation are stripped out) exceeds the national unemployment rate”
Key word in that last sentence…”often.” Often does not mean always. Truth is, they are underestimating the strength of this current economy, just like they have been doing for 7 years already. They have no idea that this is the beginning stages of the biggest economic boom of our lifetime. Smart people, but they just don’t get it.
“Yes. It’s not just the threat of rising inflation that investors fear. Wall Street is also worried about what the Federal Reserve might do in response.
“The catalyst isn’t fear of a growth slowdown; it is fear of too much growth and surging bond yields,” says Jeffrey Kleintop, chief global investment strategist for Charles Schwab. “An overheating global economy could mean a more rapid shift by central banks to rein in stimulus” — typically by raising interest rates rapidly.
And rapid rate hikes in an overheating economy is “often a precursor to a recession and a bear market,” he notes.“
Oh sure…
“When that happens, “history suggests wage pressures are finally likely to intensify more than most anticipate this year,” Paulsen says.”
Once Trump no longer has the stock market to point to, what does he have?
Gary