From Fortune:
Up from here? The free-fall in housing market activity just concluded, says Capital Economics
Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a year-over-year basis.
But there might finally be some good news for builders and agents: Researchers at Capital Economics believe housing market activity is bottoming out.
“There are growing signs that housing market activity may be close to a trough. The decline in mortgage rates over the past couple of months has led to a small improvement in affordability and a rise in homebuyer sentiment, albeit from a record low. Corroborating this, mortgage applications for home purchase have ticked higher in the past couple of months, which should feed through to higher sales,” writes Sam Hall, property economist at Capital Economics.
It isn’t just Capital Economics. There’s a growing optimism among brokers and agents across the country. They’re hoping that loosening financial conditions, which saw the average 30-year fixed mortgage rate fall from 7.37% to 6.09% over the past two months, will help to give the looming spring season a little juice.
Let’s be clear: Even if housing market activity (i.e. home sales) have indeed bottomed, it doesn’t guarantee that home sales will have a swift recovery. After all, housing affordability remains “pressurized” to a historic degree. That’ll happen when U.S. home prices soar 41% in just over two years and mortgage rates spike from 3% to over 6% in just a 12-month span.
“But any recovery in housing market activity this year will be tepid. Stretched affordability, a weakening economy and falling house prices will all weigh on activity. As a result, we expect 2023 will be the weakest year for sales since 2011 and for starts since 2014,” write Capital Economics researchers.
Had to push some updates this morning, WordPress got a bit stuck.
You have scarce inventory because people are reluctant to give up a decade (or more) of low fixed rates. This isn’t going to change. Any new house that comes on the market is like finding gold. Close to what trough? Prices will remain elevated. Whatever they are now is going to remain. There are no bargains. Listings and sales activity is going to be frozen solid for a long time.
Had to push some updates this morning, WordPress got a bit stuck.
My early morning comments jammed it. My bad.
China s population in decline, first time in decades.
For some reason unable to post with a number in the authors name, that’s the message I got.
Try again, think I fixed it. There was something in the security settings that was new – Prohibit User Enumeration
Fancy way of saying “don’t allow numbers”
3b
I was listening to Joe Rogan last week . He had a guest on who said something like China will lose 20% of its population in the next 20 years and could possibly fracture into a few regions and coastal city states like China was for a few hundred years before CCO took over.
Does anyone trust any Chinese reported data? Why start now?
Grim: True, but I would say there is more truth to the numbers than not.
Hold: I don’t know if the CCP would let it get that far where the country breaks up , but who knows. There are those who say Russia will ultimately break up too after their Ukraine fiasco. As for China and their military, I wonder how Chinese troops would fight if it actually came to that over Taiwan and else where.
3b
The guest was saying basically China and Russia only have nationalism going for them, and when that runs out they will collapse. They might not even a good or energy crisis to cause it. The demographics alone can cause it. On the bright side he said the US will continue to do well, thanks to our navigable rivers, infrastructure, strength in energy, 90% of the inputs for our food are domestic with most of the rest coming from Canada. Mexican labor is now much cheaper and better than Chinese so our ties with Mexico should strengthen. China needs us, but we don’t need China.
Ed,
Same thing was said in 2008 and it led to 2009 home buying fiasco which was the dumbest time to buy. “Rates are low and will only rise” “Houses are not being built fast enough”..blah, blah. It comes down to jobs. If people lose jobs then lose houses. Right now, Fed is trickling rate hikes and slowly unwinding B/S. You can’t have homes rise 40% in two years. It is not sustainable unless employee can continue to negotiate much higher salaries. Fed wants to stop that as well but does not want stock crash. Everyone here should be pressuring employer for 10% hike or moving on.
Ten at 354. GTFOOH
Sub 6 mortgages?
Hold: Interesting analysis, hopefully that’s how it turns out. Mexico however, could be an issue as it looks like it’s going the authoritarian government route again. And of course we will continue to tear ourselves apart over social grievances whether real or imagined, and our political parties are pathetic
Chi,
What’s surprising? Spring housing market and the realt-whores and banks can’t have high rates. All manipulation.
Tough market to read right now. People are moving back into speculative crap. As Chi pointed out, the ten year has stalled. GS had pretty terrible YOY earnings to kick off earnings season, yet the market looks like it wants to continue it’s forward looking rally. Tech, doesn’t really report for another three or so weeks. Lots of headwinds still out there too.
“Had to push some updates this morning, WordPress got a bit stuck.”
WordPress needs some raison bran.
Anyone have any knowledge of Malarkey roofs? They’re warrantied for 15 years for up to 130 mph winds and have a class 4 rating for hail.
We’re in the process of getting our roof replaced . Insurance will pick up most of it since there is enough hail damage to qualify. Adjuster should come out next week to take a look.
Due to hail and horizontal winds roofs don’t last 20-30 years like in Jersey. 15 years is a long time for one to last in Texas.
Deflation anyone? It’s high growth or nothing in this coming world demographic collapse mixed with high debt. Understand this or lose. It’s high risk or nothing.
Three B says:
January 17, 2023 at 8:00 am
China s population in decline, first time in decades.
The market is the market. Mortgages rates don’t wag the dog. That market has it own dynamics, but the Treasury yield dominates.
Bystander says:
January 17, 2023 at 9:33 am
Chi. What’s surprising? Spring housing market and the realt-whores and banks can’t have high rates. All manipulation.
When did Bitcoin crack 21,000?
We are entering a bad zone.
I will say that if this persists, then I have completely misread conditions.
We are on the cusp of a major change in sentiment.
Pay attention to every move.
Zactly!
11,300 on the Nasty and sadly, I will have to go back to 50/50 from my current 25long/75stable.
I’m still way, way ahead in the game. But I would have to go into the prevent defense to avoid risking giving too much of my huge advantage back. I hate being so damned disciplined.
Chi,
Thanks. I was speaking to market expectations which are driving it down and the real estate propaganda that just states “rates are dropping which makes it a great time to buy”. If pricing in rate cuts because of a recession ,along with major job losses then nothing bullish about housing right now.
And just like that, the market reverses. Sheesh.
“(Reuters) -Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit as it struggled with a slump in dealmaking and weakness in its wealth management business.
Wall Street banks are making deep cuts to their workforce and streamlining their operations as dealmaking activity, their major source of revenue, stalls on worries over a weakening global economy and rising interest rates.
Goldman is also curbing its consumer banking ambitions as Chief Executive Officer David Solomon refocuses the bank’s resources to strengthen its core businesses such as investment banking and trading.
Goldman’s investment banking fees fell 48% in the latest quarter, while revenue from its asset and wealth management unit dropped 27% due to lower revenue from equity and debt investments.
It also reported a pre-tax loss of $778 million in its platform solutions unit, which houses transaction banking, credit card and financial technology businesses.”
Fast; In my days at GS the partners would never ever touch retail, retail, consumer banking. They of course were right. As I understand it most of GS ‘ losses and a big chunk of the layoffs are coming from the consumer banking division.
Fascinating! Never thought I’d see shortfalls like those in Big Investment Banking without some major event in the economy. Seems that “deals” also dried up. Tech is bleeeding. Geezus. What’s next?? Take cover folks.
Has anyone seen the new Nissan Z ? Got a look at one this AM and felt Car-Lust.
https://www.nissanusa.com/vehicles/sports-cars/nissan-z.html
Ex
I agree with you. That is a sharp car. But no way you are buying it at that price.
I’d get one tomorrow for 40k just for s hi tes and giggles.
They’ve got a “limited” edition model listed. Feel like that’ll go for biiiiig bucks.
I laugh when I see the $100k asking price for the limited edition Subaru –
I’m sitting on a 20 year-old M3 that may or may not break at any given moment. Verrry tempting to unload that thing. Get back to riding my 10 speed Sunday mornings :)
Need to exercise.
I will never buy another Nissan..ever. I bought CPO 2014 Nissan Quest in 2016 which had 35K on it. I bought for 15K which was 10k below blue book. Now I know why. At 70k, I had to replace struts then control bars, then a wheel bearing, then hole in exhaust last year and now both control bars and my other wheel bearing are problems. None of covered by CPO warranty. This along with sensor for gas cap and evap. which goes off every 4 months but I just reset. It is CVT and just under 100K. You are buying a Renault pile of dung..no thanks. Easily 3k into this one on top of tires/brakes and oil changes so 5k.
Honda Odyessey is the king of minvans, right?
12;15 Sadly, I do not doubt that. Nissan has had major quality issues for decades.
Economy stronger than it looks. European stronger than expected. Money funneling into US markets. So the 2023 game remains what is the Fed going to do. Market still pricing in rate cuts and certainly into 2024. What if we have no recession? Fed doesn’t give dot plot at Feb meeting in 2 weeks. Need to wait until 3/22 for greater insight.
Again, where are we? Upside or picking up pennies in front of the steam roller?
Ex says:
January 17, 2023 at 11:38 am
Fascinating! Never thought I’d see shortfalls like those in Big Investment Banking without some major event in the economy. Seems that “deals” also dried up. Tech is bleeeding. Geezus. What’s next?? Take cover folks.
Our Xterra was a flaming pile of crap
“Economy stronger than it looks. European stronger than expected.”
Sounds bad for inflation. Means FED should continue on their path to overdue it.
Lib: Market is mistaken if they believe the Fed will ease this year.
Yes crushed. It is AWD feature and solid track record. I looked at Odyssey but 2 year used only dropped 5k. I would not pay for that premium. Realistically still ahead of game but the quarterly 1K bills are pissing me off. Getting a new car this year.
We had Nissan Sentra and 200SX is late 80s to 2000s. My mother never maintained them and I bet running little to no oil for long stretches. They were beasts, going over 175k miles. Not today.
“SNIP”
Ten years on, there seems to be less optimism. Instead of a “post-crisis” moment, it’s more common to talk of a “permacrisis,” of a world buckling under a never-ending cascade of calamity — war, climate catastrophe, energy price chaos, inflation, epidemics of hunger and disease, political instability and widening economic inequity. This year’s WEF theme, a plaintive appeal to find “cooperation in a fragmented world,” seems more possessed by the ruptures that have already taken place. In a press call with reporters last week, WEF President Borge Brende said the meeting “will happen against the most complex geopolitical and geoeconomic backdrop in decades
I’m starting to believe the recession will not come. It’s too tough to call right now, but all high growth ark type stocks have been building a base. They will be the first to turn, and it looks like they have. Again, not saying to buy, but I am starting to get off the bear position. Will wait and see.
Bystander
I will never buy another Nissan either. Pathfinder is on its 3rd transmission. First one got replaced at 29k miles. Replacement started acting up a little over 100k right after warranty ended. Had a remanufactured one installed during Covid when cars were so expensive.
Just remember, everyone thinks the last 10 years was easy to invest….this is only in hindsight. EVERY SINGLE F?ING YEAR WAS BEARS CALLING FOR THE END OF IT ALL…every f/ing year. I was the guy screaming to ignore that noise last 10 years…remember that. People calling for house crash while I was screaming to max out low rate loans (i said free money over and over) to buy cheap real estate with the banks money.
Hold: Considering getting rid of my Nissan , needed a car quick for my spouse and leased it for 200 bucks a month, then bought it early last year as it was cheaper than buying. I understood the transmissions can become an issue at 40 to 50k miles; the car just hit 40k
Is NOTHING sacred!?!
Victoria Gotti’s mansion featured in the hit reality show “Growing Up Gotti” has been foreclosed on by a bank, real estate records show.
Located in Old Westbury, New York, the estate was auctioned off on Oct. 26, 2022, and received an offer of $2.65 million by JP Morgan Chase National Bank.
The thing I worry about with the economy and market….is the consumer tapped out? Liquidity tightening will continue? That’s the bear case….
“The bond market is pricing La-La Land.
A) Inflation back to 2.50% in 9-12 months
B) Fed cutting to 2.75% and real yields back to zero in 18-24 months
C) Tighter credit spreads
D) Lower implied volatility
Basically, immaculate disinflation with no recession.”
Tapped Out consumers? With a kiddo in college?
Austerity is in vogue.
When will crude plummet? Every device, vehicle and gadget is on a speedy path to becoming electric. It’s happening faster than we thought.
Morgan Stanley 98.88 up+7.22 (+7.88%) on earnings.
That is where all the good GS people went many very recently, turnover was perhaps 20% last year, GS work in the office policy was tone deaf and their crappy consumer business. I know let’s name our credit card Marcus because everyone will recognize the first name of our founder who died over 100 years ago. Why they heck did they not name it Alpha (α) or something cool…
Our Xterra at 81,000 miles needed all 4 Catalytic Converters replaces to the tune of 8K. The dealer did not tell us they were under warranty. I figured that one out by looking in the owner’s manual as I knew all cars have decent warranties on the exhaust system (I think it’s by law) that are unrelated to the powertrain warranty. The mofos at Lynne’s Ultraghetto Nissan acted like they had no clue. Surely, they would have collected from me and Nissan Corporate. What a bunch of crooks. I immediatelly brought the car to a different dealer to have the warranty work done and then immediately traded it in for our Mazda CX-9. It wasn’t the only issue we had with the car. The differentials got messed up at like 40K too and there was a transmission issue as well. My two Mazda’s still have a perfect track record.
Marcus. I always wondered about that name. Now I know Juice. And for the record, their terms and amounts offered to me were always terrible compared with all of the other junk offers I receive.
Lib Marcus Goldman one of the founders of GS. When GS became public they claimed they would still maintain the culture of a partnership, blah, blah, even were that true, it’s impossible as a publicly traded company. And, Goldman as a partnership never would have gone the retail consumer route.
I’m not an expert on autos, but here goes my sense of value in the automobile market:
Toyotas and Honda = best value in autos, due to A+ reliability, but boring cars
German Cars = good to lease, because of performance, fun factor and new features, but be careful owning due to huge repair bills that come up too quickly
Volvo = safety re collisions
Ford Pickups = probably good call to go with Ford for a pickup truck, but I’ve also known people that like the Toyota pickups
Minivan – Honda
Dodge Challenger, upgraded Tesla, Porshce = notably fun to drive
Anyone got a best SUV suggestion? I’m thinking with full-size SUV’s, you eitehr gte a Toyota Highlander or you might as well go premium (BMW, Lexus) because the spread between a premium SUV and a regular SUV is smaller proportion than the spread between a premium sedan and a regular sedan.
Anyway, I’m not an auto enthusiast, so someone more knowledgeable, please jump in and correct my impressions.
I had two Ford Explorers in between all the Hondas and now Subaru. I should have learned after the 1st Explorer but foolishly bought a 2nd one. The 1st Explorer’s trans went after 50K and past the warranty. The 2nd Explorer’s trans had a seriously clunky shift after 50 or 60K and then all the interior lighting would randomly go on and off. They’re just shitty vehicles. The Hondas ran and ran and ran w/o issues anywhere. Same so far with the Subaru.
Crushed,
check out the redesigned 2023 Honda Passport. Toyota is about to release a Grand Highlander, longer version of the existing one and i think only hybrid drive train. Mazda also getting ready for two new suv’s, CX90 and CX70. I think tgese are straight 6’s with some type of hybrid system as well. Volvos larger SUV, 90 series is supposed to be horriffic in terms of reliabilty. Acura MDX is a nice option and Acura of Wayne usually will negotiate but you may have to walk out once or twice to get the good price.
Ed- Plummet? There is an absolute floor. It won’t drop too far the cartels will stop pumping it to keep the price up. But anyway demand won’t be slowing perhaps ever, we will always need more crude and natural gas as long as the population of the world continues to move up into the middle class and well keeps growing.
Great book came out last year by Vaclav Smil who is a Canadian Professor. .Book is #1 in Probability & Statistics on Amazon and a top seller. Should be reading material for every kid growing up in my opinion. There are no politics about global warming in the book it’s all facts on what it takes to make the modern world function. The author draws a line right down the middle.
Reality is our modern world will most likely stop rather quickly the moment fossil fuels are no longer available in mass quantities. Most telling is food production using ammonia, we could not feed half the world today using only “organic” processes. He goes into great statistical detail on it. He also goes into statistical detail on stuff we need to run the modern world like steel, plastics and cement. Hint massive quantities of fossil fuel is needed for all of it.
“How the World Really Works”
https://www.amazon.com/How-World-Really-Works-Science/dp/0593297067
It’s on Bill Gates reading list too.
During the torrential rains my Outback was stable on flooded highways.
I love the motor, handling, brakes, & safety equipment. They overengineer their drivetrain and the interiors are spartan. Seats? Fine. The transmissions had done issues and Subaru beefed up the warrantee.
My wife’s Volvo has more bells and whistles.
3b
The 2013 pathfinder is notorious for having a bad transmission. So disgusted with cvt transmission I’m only looking at non cvt cars. Right now Hyundai Tucson hybrid is the front runner for me.
My brother has the Passport he says you have to baby it or gas mileage sux.. rated 19 city 24 highway.
Beer – Hyundai Tucson hybrid <—- $7,500 tax credit because it is a plug-in. Only gets 33 miles electric only but hey you get $7,500 credit and it will give you 33 mpg highway.
Only other plug in that price rage with the tax credit ate are the Toyota RAV4 Prime, Kia Sportage PHEV, and Ford Escape PHEV. I would maybe skip the Toyota ($$ price) and Kia (gas engine too small). The Ford has a new facelift this year and is their 4th generation hybrid, it only comes fully loaded at around $39,900. 37 miles all electric range and 31 mpg highway.
I think a hybrid is the way to go until all electric car prices come way down.
Hold my beer says:
January 17, 2023 at 12:58 pm
“I will never buy another Nissan either…”
Swore I’d never buy a Nissan after my college roommate’s Datsun died at the Verrazano toll booth back in ’85/86. Ended up buying a Rogue back in ’13 and while fairly reliable, has the largest blind spot ever — literally can’t see anything unless it’s directly next to you. Terrible!
Libturd says:
January 17, 2023 at 1:52 pm
“My two Mazda’s still have a perfect track record.”
For some reason I’ve never given any thought to Mazda since they stopped advertising their rotary engine — 1977??? Those ads were catchy.
I had a convertible rx7 in the nineties.
The rotary engine was garbage.
Hold: I may go with the Lexus RX .
Ex, pick up a Supra, has the bmw straight 6 and now you can get it in a manual.
Mazda keeps coming in the top three of all manufactures in Consumer Reports reliability rankings. They are definitely doing something right lately. And yes, that rotary engine, though theoretically, better than straight and Vs, was a disaster. They could probably make it work today with modern elements to protect the brushes. But I doubt they would ever attempt it again.
No
Fast Eddie says:
January 17, 2023 at 1:42 pm
When will crude plummet? Every device, vehicle and gadget is on a speedy path to becoming electric. It’s happening faster than we thought.
I just asked about this book last week. No One gave me the skinny on it.
Juice Box says:
January 17, 2023 at 2:15 pm
Ed- Plummet? There is an absolute floor. It won’t drop too far the cartels will stop pumping it to keep the price up. But anyway demand won’t be slowing perhaps ever, we will always need more crude and natural gas as long as the population of the world continues to move up into the middle class and well keeps growing.
Great book came out last year by Vaclav Smil who is a Canadian Professor. .Book is #1 in Probability & Statistics on Amazon and a top seller. Should be reading material for every kid growing up in my opinion. There are no politics about global warming in the book it’s all facts on what it takes to make the modern world function. The author draws a line right down the middle.
Reality is our modern world will most likely stop rather quickly the moment fossil fuels are no longer available in mass quantities. Most telling is food production using ammonia, we could not feed half the world today using only “organic” processes. He goes into great statistical detail on it. He also goes into statistical detail on stuff we need to run the modern world like steel, plastics and cement. Hint massive quantities of fossil fuel is needed for all of it.
“How the World Really Works”
https://www.amazon.com/How-World-Really-Works-Science/dp/0593297067
It’s on Bill Gates reading list too.
TheDetroitBureau.com revealed the plan to use the rotary last April. The MX-30 EV, which made its debut in the U.S. in 2021, travels just about 100 miles on a full charge — more than 100 miles less than start of the range for what’s considered the norm for battery-electric vehicles these days.
Whatever strides Mazda made had a lot to do with FORD
https://www.thedetroitbureau.com/2023/01/mazda-bringing-back-the-rotary-engine-as-a-range-extender/
However, the company showed off the updated MX-30 e-Skyactiv R-EV plug-in hybrid, which will make its debut in Europe this spring.
The MX-30 e-Skyactiv R-EV is a series plug-in hybrid that has an 85-km, or about a 53-mile, battery-electric driving range, which is generally more than enough for drivers. Now it has the ability to use a generator to enable long distance drives. On top of this, the entire driving range is motor-powered.
re: “I doubt ” Well they are with a twist…. The 2024 Mazda MX-30 R-EV – Uses a rotary engine but it’s not connected to the wheels at all, just to charge the battery…will
only be sold in the EU.
All electric cars have much larger Li-ion batteries mean a much heaver and way more expensive car. People don’t on average drive that far, so range extending hybrid that plugs into charge makes more sense than all electric car other than the cost to produce and the margin. The Volt did range extending well and it was cancelled. BMW had a range extending electric car with a motor to only charge the battery too it was cancelled as well. Style over substance I guess.
In further news, yet more documents were found over the weekend in one of the O’Biden residents. Some were labeled ‘Top Secret’. How can he be so irresponsible?
Also, why does China have such an interest in the Penn-O’Biden Center that it “gave” over $77,000,000 in money of gifts from 2013 to 2019? And why didn’t Penn disclose this which is a violation? And why was a single $14 million anonymous gift in 2018 forwarded from a source in China?
Juice
I’m not going to get the plug in hybrid. Don’t think they are available in Texas yet. Would get the one that generates electricity from braking. Gets 38 mpg. Only $1,500 more than the ICE version. Would take around 35-38k miles to get the $1,500 back.
“US President Joe Biden apparently lived the life of his dreams after leaving the vice-president’s office in 2016 as he kept getting handsomely paid by the University of Pennsylvania, for never teaching a class. Biden became an honorary professor at the Philadelphia School in 2017 and didn’t leave the position until becoming the president in 2021. However, the University of Pennsylvania granted him an unpaid leave of absence as soon as he announced the run for the presidency in 2019. As per the report, Biden was paid nearly $1 million between 2017 and 2019. He was paid $371,159 in 2017 and $540,484 in 2018 and 2019.
Joe Biden never taught classes at the University of Pennsylvania.
The revelation was made by the Republican National Committee Research Unit, which claimed that he never taught a semester’s worth of courses. He did attend lectures and talk to students during the period but never taught courses. His tax forms have also revealed that he was paid a total of $900,000 by the university from 2017 to 2019.”
Any questions?
I think we need better leaders. Period.
The current batch suuuuucks.
Eddie cool your jets. There are now two special prosecutors. One for Donny and one for Sleepy Joe. Perhaps they Donny and Joe can share a room at Shady Acres Penitentiary when all is said and done…
Reality is nobody important goes to jail for this stuff, justice is not blind. Sandy Berger the former National security advisor to Clinton stuffed documents down his pants and waltzed out of the National archives like somebody would in a comedy spy movie except he did several times, we don’t know for sure what and how much he too as he lied about all of it a crime in itself, but what he stole it was all rated “top secret” and had something to do terrorism apparently. He BTW was allowed by the DOJ to pled guilty, got a slap on the wrist of 100 hours of community service, but also refused to finger Clinton either even though he was supposed to submit to a lie detector test as part of his plea deal. DOJ buried it very quickly…as I said nobody important goes to jail.
“His tax forms have also revealed that he was paid a total of $900,000 by the university from 2017 to 2019.”
Cool that Biden released his tax returns!
Wonder how much Trump is pulling down in his new gig as a motivational speaker?
https://www.axios.com/2022/05/13/trump-motivational-speaking-tour-campaign
I guess we’ll find out when Trump releases his returns (now that he’s running for prez).
“Reality is nobody important goes to jail for this stuff, justice is not blind.”
DOJ doesn’t prosecute people who accidentally mishandle classified docs (that happens all the time); only people who intentionally mishandle classified docs.
Juice: That is so true, some naive people believe otherwise.
“He (Biden) did attend lectures and talk to students during the period but never taught courses. ”
So, he was like, a guest speaker? Horrors.
But $900k over three years isn’t all that much for ex-VPs; Mike Pence is currently getting $100k+ per speech.
Beer – I hear you not available in Texas only 13 states.
I was looking at the specs on it. Engine and drive train are almost exactly the same for the Plugin vs standard Hybrid. Both hook up electric motors same way to their CVT tech difference in car is one has a plug and a bigger battery and bigger electric motor.
Standard Hybrid has a 1.49 kWh battery and smaller electric motor @ 59 HP
Plug-in hybrid has a 13.8 kWh battery and a stronger electric motor @ 90 HP
Standard Hybrid —> 38 MPG
Plugin in Hybrid —> 80 MPGe (combined, elec + gas)
Either of these models are only made in South Korea so availability is questionable anyway.
Tax incentive from NJ is $825 and Federal is $7500..
Dealers around here have marked up what inventor they have to negate the tax incentives. If I could pick one up for $30,ooo after $8325 tax incentives that would be nice. I would almost never need to buy gas as a 33 mile electric only range is pretty pretty good with a 2 hour charge time @ 240 volts.
2023 Hyundai Tucson Plug-In Hybrid SEL
$46,135 MSRP $38,635 $2,500 price drop
https://www.cars.com/vehicledetail/ac6a7001-30ae-4a5b-bcb7-3e8aa295f99c/
OC1 – with the DNC talking points. He “accidentally mishandled”.
So he is admitting he stuffed the boxes himself and put them in the garage? We aren’t even at the point yet where he will claim the dog did it. They will blame former aides, the national archives, ABC moving and storage, then Jill, then Jill’s cousins and then finally the dogs before Joe ever admits he saw a classified marking on any document anywhere outside an SCIF in the last decade.
The president has hired personal lawyers and shut up complexly about it. That is all you need to know about his guilt on election day.
I am writing in Beto in 2024. He is the only honest one, he returned SBF’s million dollar check. They rest are all guilty of various failings criminal or not..
Juice
The Tucson and Kia Sportage hybrids have the same power train and battery as the hybrid Santa Fe and sorrento, but they are lighter so they accelerate faster and get better mpg.
I think the new Sportage and Tucson are about the size of my 15 year old Santa Fe.
Biden was getting three times the amount of a full professors salary? It’s was just a kickback to raise funds for the school, everyone has to get their taste.
Juice-
Do you really think that ex-VPs (or ex-presidents, for that matter) personally go through all the boxes of documents they take with them when they leave office? You think a retiring CEO does that?
Maybe Biden (and Trump) and/or their staffs were sloppy (but that ain’t a crime).
I bet that every living ex-prez and ex-VP have people going through their own “personal documents” right now to see if they also took something they shouldn’t have.
OC1 – There and now two special prosecutors their staff and several personal attorneys billing thousands of dollars per hour for both Trump and Biden. Neither presidential candidate will allow themselves to be questioned directly by investigators or even by the press to answer questions about the handling of these classified materials and how they actually got there. An army of surrogates has been deployed across national media to spread misinformation about what may or may not have been uncovered by investigators at the FBI and the lawyers at the DOJ.
There would be no reason to lawyer up if there was no crime committed. When do we hear about fingerprinting and DNA testing of the documents? DOJ is gonna bury that if they even bother, even though there are claims the documents contain secrets so secret they should be buried with the Ark of the Covenant.
You know as well as anyone else every effort is being made now in the press as well as back channels to get this put to bed before 2024 election.
It would be nice if neither soon to be octogenarian would not run next year, but we don’t get what we want, it will be another 658 days of loads of utter nonsense and untruthfulness.
Juice-
Why don’t we just let the special counsels do their jobs?
“There would be no reason to lawyer up if there was no crime committed.”
LOL. Every defense attorney in the world would disagree that statement!
Population is peaking or already peaked. Understand this.
Just look at China….
“as long as the population of the world continues to move up into the middle class and well keeps growing.”
Oc1 – I am sure they will do bangle up jobs like Robert Mueller or Ken Starr.
“Births in China have fallen by 45% in 5 years, which is just catastrophic:
Barring some sort of birthrate uptick China’s a country of 1.4 billion that very soon is going to have a child population you’d expect in a country of 700 million. Very weird future.
If there’s an Odd Lots in China you can just do episodes year by year tracking the youth collapse — diaper demand now, kindergarten teachers in 5 years, it’s like a global depression sweeping through different aspects of society and the economy every year for the next 80.”
Juice-
Perhaps. But as you said:
“An army of surrogates has been deployed across national media to spread misinformation about what may or may not have been uncovered by investigators at the FBI and the lawyers at the DOJ.”
No matter what Biden says or does, those surrogates will spin it to fit their particular political agenda- It’s a no win situation.
The best course of action (and what every president other than Trump has done when being investigated) is to just say ” we are cooperating with the special counsel and are confident the president will be exonerated”.
Big picture on oil: it’s dead as the main source of energy. It will still carry value in the economy, but not as the main source of energy. Think of it like wood, it too was the main source of energy at one time, but it too was replaced as human innovation grew. Whale oil…coal…all same chit. Oil is no different. It’s impossible to survive on it long-term, just not enough. So humans will/are innovating.
And if you think…no. What is Saudi Arabia investing in? Money talks, bs walks. Follow the money. Oil is slowly losing its place as king of the hill.
Lmao
“Dow closes at the lows and Tesla saves the day for the Nasdaq.
That’s the last sentence I was expecting to write today 😂”
6:37 believe it or not many places in the works still use coal to hear with.
Gasoline will be around for decades.
OC1 – Garland told the U.S. attorney John Lausch to investigate Biden. He took one look at the Penn Biden center and quit. Now we have a special prosecutor.
It stinks to high heaven.
https://news.wttw.com/2023/01/12/us-attorney-john-lausch-step-down-early-year-attorney-general-says
Elon every the troll..
@elonmusk
7:47 PM · Jan 15, 2023
The S in ESG stands for Satanic
This follow up today from Davos (where the biggest polluters fly in on personal jets to claim to be eco-warriors)
BlackRock’s Fink says climate and ESG-investing attacks getting ugly, personal
https://www.marketwatch.com/story/blackrocks-fink-says-climate-and-esg-investing-attacks-getting-ugly-personal-11673986536?siteid=yhoof2
For sure. Not going away anytime soon.
Ex says:
January 17, 2023 at 6:51 pm
6:37 believe it or not many places in the works still use coal to hear with.
Gasoline will be around for decades.
Juice: Are we to believe Biden s aides moved the documents without any input from Biden? Did they decide which documents went where some to the Penn Biden center some to Joe’s house? Which docs go where? It’s simply not believable.
1/7 Why have stocks staged a massive rally recently? The explanation is actually quite simple. More specifically, in four words, there has been: massive U.S. monetary stimulus. That is, over the past week as of 1/11/23, when looking at the three key drivers of U.S. stock mkt…
2/7… liquidity (i.e., Fed Bal. Sheet + Treasury General Account [“TGA”] + Reverse Repo Balance [“RRP”]), the Fed increased its bal. sheet by +$1.2B, @SecYellen shrunk the TGA bal by a sizeable $51.3B (i.e., when the TGA bal. falls, it means @SecYellen is buying bonds in the…
3/7… open market, thus infusing new US dollars into the system), and the RRP fell by A WHOPPING $211.2B (this is liquidity infused DIRECTLY into open markets [i.e., stocks/homes]), or a net liquidity injection of +$263.6B.
4/7 The proof you ask? Well, as of the week of 1/11/23, looking at the week-over-week change in bank reserves held at the Fed… we just saw the single largest 7-day increase at +$251.1B since the reckless COVID pandemic stimulus week of 4/8/20 (yes, you heard that right).
5/7 That’s likely why stocks have staged such a massive rally. It’s also VERY unpredictable, & why many (@GLJ_Research included) say the U.S. stock market is “broken” – i.e., this is not a fundamental phenomenon, but, rather, based purely on the “whims” of unelected government…
6/7… bureaucrats. What will these unelected government bureaucrats (@SecYellen + @MaryDalyEcon + @federalreserve ) do this week? You tell us (i.e., @SecYellen said she would grow the TGA bal. to ~$700M exiting 2022 last year; then, with no explanation, she decided NOT TOO,…
7/7… meaning more monetary stimulus/inflation)?
Liquidity is all that matters to me. So I share…
https://nypost.com/2023/01/17/legal-weed-in-new-york-is-wreaking-havoc-on-return-to-office/
I don’t know who needs to hear this, but there is no passive real estate investment.
“It’s simply not believable.”
3b interesting statement given what you do believe.
How’s that Durham Investigation going?
Muller did a great job given the tight scope he was allowed to work in and Barr putting his thumb on the scale.
Fab: What’s interesting about it? Biden says he does not know who or how the documents got to the various locations , his house, his office. My question is who decides which locations the documents go to and where in each location as in the garage, vs the guest bed room. Would not Biden have instructed the sides to send the documents to each location? If this is in reference to Trump which it is, Trump had the documents and knew he had the documents. Biden the former Vice President who was shocked at Trumps irresponsibility turns out to be irresponsible too . Talk about hypocritical. As for how I feel, both parties suck nothings changed on my part.
But this might run for a while…i don’t go against liquidity in the short term. If doesn’t hit by q2….might be pushed to next year. See what the fed does.
“You see a new bull market
I see the last gasp of the biggest and stupidest bubble in the history of the world
We are not the same”
Pushed…as in “final flush.”
The irony of a warming planet in bringing down energy prices this winter. All that pessimism…global warming said f u.
“I don’t know who needs to hear this, but there is no passive real estate investment.”
Writing a fat check to a syndicator is just that.