From Calculated Risk:
CoreLogic: 1.1 million Homeowners with Negative Equity in Q4 2024
CoreLogic® … today released the Homeowner Equity Report (HER) for the fourth quarter of 2024. Nationwide, borrower equity increased by $281.9 billion, or 1.7% year-over-year. The report shows that U.S. homeowners with mortgages (which account for roughly 61% of all properties) saw home equity increase by about $4,100 between Q4 2023 and Q4 2024, which is less than the gain of $6,000 in Q3 2023. The states that saw the largest gains were New Jersey ($39,400), Connecticut ($36,300), and Massachusetts ($34,400), while the largest losses were in Hawaii ($-28,700), Florida ($-18,100), and the District of Columbia ($-14,700).
I hope all of you are OK and I hope everyone survived the recession last week
Looking forward to a quiet week
You wanted “teamwork,” you got it.
As JPMorgan Chase CEO Jamie Dimon pushes forward with an uncompromising return-to-office mandate, hundreds of JPMorgan employees have quietly banded together in what is shaping up to be a full-blown corporate mutiny.
But the workers are not gathering in boardrooms or on the office floor but in secret encrypted chat groups in a kind of digital underground.
A growing network of frustrated bankers and managers are plotting a response to the company’s strict return-to-office (RTO) orders.
It all began shortly after JPMorgan’s January announcement that all employees would be required to return to office five days a week, beginning in March.
Within days, employees created private group chats on encrypted apps such as Signal, with one chat ballooning to several hundred members, all venting and strategizing on what to do next.
The group, described as ‘extremely active’, buzzes with over 100 messages a day, as employees share what little they know about how Dimon’s RTO demands will be enforced.
‘There’s a depressingly small amount of official information within JPMC,’ one participant in the group said. ‘We have to go find the information, it is not being broadcast.’
Dimon, be careful.
You might just get Liugi(ed)
Keep an eye ouf for these terrorist MOMS. Insidious little freaks with nothing better to do but create havoc.
Time to arrest these beeches now.
‘Gasoline And A Match:’ Conservative Moms Group Accuses NJ Church Of Pedophilia, Mayor Says
Authorities are investigating a threat made against a Park Ridge church after it was falsely accused of supporting pedophilia in a social media post, officials said.
In a letter to the community, Mayor Keith J. Misciagna said the First United Church of Christ of Park Ridge was targeted by a local chapter of Moms for Liberty, a conservative activist group, which claimed the church supported pedophilia.
Misciagna condemned the accusation, calling it “heinous” and warning that hate speech can incite violence and intolerance.
The controversy escalated when a social media commenter suggested the church should be dealt with using ‘gasoline and a match,’ Misciagna said.
In response, the Bergen County Prosecutor’s Office was alerted, and a Park Ridge police officer was stationed at the church’s Sunday service for safety, the mayor said.
When asked for comment, Alexandra Bougher, the Bergen County Moms for Liberty chair, said, “We asked why they were flying a progressive flag with MAPS colors with children using the church for activities.”
On Monday, Misciagna visited the church and met with Pastor Mark Suriano, assuring him that the town stands in solidarity with the church’s congregation.
“I, and all decent people, stand with him,” Misciagna said. “There is no room for this kind of hate speech from anyone.”
Misciagna urged residents to fact-check information they read on social media, warning that misinformation can lead to real-world harm, harassment, and even threats that violate the law.
Misciagna reiterated that Park Ridge has zero tolerance for hate, adding: “When we allow hate speech to go unchecked, we risk creating a culture where division and fear can thrive.”
He urged the small, close-knit community to stand together and reject ignorance and intolerance.
“I hope that’s the end of it,” Misciagna said. “We don’t need this in the history of our beloved town.”
Moms for Liberty describes itself as an organization “dedicated to fighting for the survival of America by unifying, educating and empowering parents to defend their parental rights at all levels of government,” according to its website.
The group also states: “We are Moms, Dads, Grands, Aunts, Uncles, Friends. Moms for Liberty welcomes all that have a desire to stand up for parental rights at all levels of government.”
Market still pretty shitty. One up day does mark a prosperous period. As long as the tariffs remain, Americans will suffer. How are things in the Ukraine? How is Trump Gaza coming along?
Go Space Nazis go!
There were three Space X Falcon 9 missions in ~13 hours, launching four astronauts to the International Space Station on the Dragon Endeavor space ship. They launched from Vandeburg 74 rideshare payloads to orbit consisting of cubesats, microsats, hosted payloads, a re-entry capsule, and an orbital transfer vehicle. They also added 23 Starlink satellites to the constellation for the Space Nazi internet.
Need to make a pilgrimage to the Lumen HQ building.
Europeans and Canadians are angry about Trump tariffs.
If tariffs are so bad, why don’t the Canadians and EU drop their tariffs on US goods to zero?
Why don’t the Canadians let US banks and telecom companies in to compete?
They want low tariffs on inbound US trade but want tariffs on outbound US trade. Why is any discussion of this topic not circling back to this point. Does anyone think th Canadians and EU are not being hypocritical here? Sincere question.
If I understand correctly, Japan took the opposite course. They gave Trump trade concessions last term and DJT does not appear to be targeting them anymore.
But he is driving a Nazi sled..
https://nypost.com/2025/03/15/us-news/deranged-anti-elon-musk-dad-scrawls-swastika-on-nyc-cybertruck-in-broad-daylight/?utm_source=twitter&utm_medium=social&utm_campaign=nypost
Crushed – They are uninformed. The media never tells the whole story on tariffs. I know a dairy farmer in upstate NY. The Canadians have erected barriers to US dairy even though they trade obligations made under U.S. – Mexico – Canada Agreement…..
Crushed,
We play the same game, but meaner and nastier. Look at Sugar import restrictions. There really is no need for corn syrup outside a small nitch market. But the artificially created market that includes everything from pancakes syrup to sodas is a product of a marriage of convenience of Archer Daniels Midland, Corn Farmers’ Lobbying and the ex-Cuban plantation owning and now lords of Florida politics Fanjul family that make Florida sugar cane sugar products with imported temporary 3rd world agricultural workers and is only profitable because the USDA guarantees a Sugar price floor higher than world market price. Guarantee you that DOGExcrement is not touching those subsidies payments to US Sugar, Dominos and other Fanjul businesses.
Canada does have a small clique of family own companies that own the multiple brands with Supermarkets, Banking, Media and Telecommunications on top of fields.
But is no different than United Health, CVS Aetna among others that are monopsonies in their industry in this country. And at least because many are family controlled you don’t see the psychopathic corporate pilfering that is common in Private Equity controlled industries. Look up the Anesthesiologist providers, Veterinary providers, Emergency Room Operators where PE is running amok with no one checking them in previous administration and forget about any supervision now that they can buy influence with King Krasnov the OrangeTurd and he gets DOJ, SEC or HHS of their back.
Of course they protect themselves. But our business world pathogens are way more dangerous to a working society than anything out there. If one thing is going to come out of this is I can see the USA business entities start to be checked in countries that have integrity and the law can’t be bought or influenced. The present USA business world is not a normal capitalist business world. Is a pathological dangerous group of entities that are now back to a period like the late 19th century in doing damage for profit.
Crushed, you got to realize by now that we are the bad guys now and people will react to it. To quote Walter White “ we are the one knocking on the door”.
Just watch as American businesses raise prices to match tariffed price to make up for shortfall. Tariffs only work when the customer NEEDS your shit. You’ll see. We need all this Chinese crap because we can’t afford to make it ourselves.
Construction on runway has us on tarmac for hour before taking off. I love NJ. I think I’ve spent a quarter of my life on this tarmac. Did 4 hours last Fall. Lots of crying babies too. Yay!
BTW. If anybody cares. Vanguard just came on 2/7/25 with VBIL etf. Is Vanguard 0-3 month Treasury bill ETF 4.30% 30 day yield 0.07% expense. Is essentially a Money Market Fund ETF.
Have one of the brokers that pays squat on the sweep account. Buy it and sell it when you need to invest in something else.