From NorthJersey.com:
Do stock market’s ups and downs impact NJ’s real estate prices? We asked the experts
The stock market experienced a historic rally on Wednesday following President Donald Trump’s announcement of a 90-day pause on most tariffs. The rally followed days of dips and volatility.
The ups and downs have those looking to buy or sell a home asking if the stock market will affect the real estate market.
The short and simple answer is yes. But how?
The stock market is essentially a prediction of future corporate earnings, meaning that it is typically an indicator of current economic conditions. Because of this, the real estate market can be impacted based on the confidence, or lack thereof, that the stock market gives consumers.
“The stock market is not the economy, and the economy is not the stock market,” said Bankrate’s Chief Financial Analyst Greg McBride. “With that being said, even people that aren’t invested in the stock market tend to look at it as a barometer of how things are going, and if the market falls suddenly, it tends to dent consumer confidence.”
McBride said that a strong stock market creates a “wealth effect.” This means that when stock prices are rising, consumers tend to spend more money because they feel more optimistic about the state of the economy.
…
“If the stock market is falling because the economy is weakening and interest rates end up also falling, there might actually be more real estate activity, mostly from the investors’ perspective because it’s cheaper to finance a property. But the driving force there is the backdrop of falling interest rates,” he said. “Or if the stock market is going up and it’s also an environment where interest rates are really high, that could crimp homebuying activity because the cost of financing is very high. So again, the broader backdrop is the main driving force, but the stock market can certainty contribute to outcomes depending on other variables as well.”
…
“Build up your savings and pay down debt. Job security also has a lot to do with it, too. That’s why when the economy is weak, you tend to see a drop in home sales. Nobody wants to take that risk and take on a big obligation if they’re not feeling secure in their job. So I think those are the really important variables,” he said. “If your job security is no different now than it was a month or two ago and if you continue to save money and pay down debt, then a 20% drop in the stock market doesn’t impact your decision.”
Frist
Bastard!
I hear it’s getting hard to truck freight out of China, no trucks. Wink Wink.
Good time to start a “value added” manufacturing company in Europe. Maybe some light final assembly, packaging, etc.
Shouldn’t be long before MAGA starts banning Chinese Food joints.
Freedom Pho
All around the world, people are engaged in difficult labor to produce goods for American consumers.
And in exchange they get pieces of paper that we can basically print as many as we want of.
And yet some claim that we’re the ones getting ripped off.
– The Stalwart
I wish I could print as many as I wanted…
EU Commission President Ursula von der Leyen told the FT that if the trade talks fail over the next 90 days, one possible retaliatory measure could be a tax on ad revenue on companies like META and GOOGL
Gotta hand it to China for the AI photo memes, nice touch asserting both trade and AI dominance in the same meme.
Going to be worse than that if we get there, tariff on services. Will be very, very painful to the US. Dramatically more than export goods tariffs.
I know a number of small outsourcing firms establishing entities offshore to be able to shift contracts to alternative jurisdictions.
Government speech coercion:
JPM economist Michael Cembalest says “I’ve said most of what I wanted to say on this call. But not all of it,” because of how “people are being held accountable for their views and the things they say in ways that they probably shouldn’t be.”
Ten 443
What’s the odds a higher-rate CD gets called in the near/mid term?
Gold made an all time high last night.
This is one of the most chilling conversations you will ever here on CNBC, between Jim Cramer and David Faber:
Cramer:
“You have no Congress, no senate, no DOJ, no press”
Faber:
“No academics, no press, no lawyers… It doesn’t sound like the United States of America. Not the one I’ve known.”
re: “Gold made an all time high last night”
There is a bit of a gold rush in China. But here at home.. Grandma and Grandpa are diversifying and buying gold because they sold TESLA…after having their brains fried by the taking heads of cable news the informercials for gold come one the TV…..Orange Man Bad, Elon Musk evil, sell your TELSA and buy gold.
Remember Elon does not own TESLA your 401k or pension fund does.
Major Holders
12.89% % of Shares Held by All Insider
49.31% % of Shares Held by Institutions
56.61% % of Float Held by Institutions
4,707 Number of Institutions Holding Shares
See, it’s not so bad living in communist china. We adapted to restrictions on free speech pretty easily. We also have no issue turning a blind eye to blatant violations of law and the dismantling of our constitution, congress, and the judiciary.
Not so bad.
https://www.npr.org/2023/01/16/1149232763/this-is-fine-meme-anniversary-gunshow-web-comic
re: ” It doesn’t sound like the United States of America. Not the one I’ve known.”
What you are trying to describe actually sounds just like the covid era to me…..any discussion of the laboratory origins of Covid was forbidden on certain social media sites like Twitter and Facebook. Real scientists and doctors accounts were cancelled because the government asked them to silence the conversation. It was Orwellian and the media followed orders lock step.
Great News! “The Big, Beautiful Bill” is coming along really well. Republicans are working together nicely. Biggest Tax Cuts in USA History!!! Getting close. DJT
Get ready for Biden’s debt expansion to look like nothing compared to this upcoming wealth transfer.
Hey, where’s Gary. I hope he’s okay. Any of you hoodlums seen or heard from him?
Ten 454
I hope he she it they them, whatever, sue the fucc out of this guy. And when he can’t pay, hook him to a cart, fill it with water barrels, and make him slog it from Calfornia to New York for the rest of his life.
Jo Ellis woke up Jan. 31 to texts from friends who thought she was dead. Tens of thousands of people were posting about her online. A reporter called her cellphone.
Then, she googled herself.
Over the previous day, right-wing influencer Matt Wallace had falsely identified Ellis, who is transgender and serves as a pilot in the Virginia Army National Guard, on social media as a pilot flying the Black Hawk helicopter that collided midair with an American Airlines plane on Jan. 29, according to a new lawsuit.
To those who have kids, hope none of them want you to buy them a Nintendo Switch 2.
You will need some TrumpJellyLube when it comes time to pay for one if you can even find it.
You’ll find them on the black market for sure.
Lib – So you say we should not extend the tax cuts?
The tax cuts were passed originally in 2017. This latest bill is not a tax cut..it is extending the rates everyone is now paying other wise taxes go up for everyone at the end of this year.
Where do you stand on this? Pay more taxes or the same?
It’s a binary choice right now. Yes the rich can pay more but if they don’t extend the tax cuts everyone pays more.
Juice,
I would prefer to see the revenue that proves we are at least balancing the debt before we cut revenue. It’s really that simple. Also, concerned about the corporate tax rates moreso. That was a tremendous mistake and I have a feeling he is going to do it again. Nothing partisan here.
Trump and his buddies counting the money they made.
https://www.reddit.com/r/PublicFreakout/comments/1jvyryz/trump_after_market_close_yesterday_he_made_25/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
They need to now do reconciliation” between the house and senate versions of the bills. House version has $1.5 Trillion in spending cuts. Senate Bill only has $4 Billion.
Again the part here that is unique is some congress critters actually want to lower spending. I can barely remember the last time that happened.
Is it enough? Nope! Will it slow inflation? Maybe? Will it lower the deficit enough? Not nearly. Is it a start on the road to responsible spending budget??…. Nah it’s a mere paper cut to out of control spending. They are still kicking the can down the road.
Is it good theater? Good acting? That remains to be seen..
everyone pays more. Yet 1 percent should pay 10x of what 5 percent in nominal terms.
while bezos pays nada still.
unrealized gains should be taxed for a better country. Noone needs a cent more than a billion bucks in net worth
You know it’s sad when even MAGA, with full control of the house, senate and oval office can’t balance the budget. Who will Trump blame that on this time?
I heard last night, Trump accidentally called a cabinet head he fired recently by accident.
Remember, if Biden did this, MAGA would have said he’s past senile.
But MAGA can do no wrong. Ever.
NJ,
Trumps pays no taxes too.
It’s time for rich, white dudes in corporate america to make less money – a lot less. They voted for it.
The poor will continue to be poor. Middle class should learn a lesson and not vote against unionization or suck up to the rich.
Thank you Trump.
Taxes are for the proletariat. They should be happy to have work and a can of sardines to eat. They owe us for the privilege of having a job to go to.
grim says:
April 11, 2025 at 8:40 am
What’s the odds a higher-rate CD gets called in the near/mid term?
I have had CDs constantly recalled at least 10 to 15 %. in the last 3 years frustrating. It is easy enough to get a bond which states they can be recalled anytime after a year…but
in three plus years never have any one of them been recalled. I am not sure if midterms will change that. The election had no effect on them, but when rates began falling on CDs the 5.5% to 5.7% all were recalled within 6 months except one from Wells Fargo which is due 5/25.
All the interest comes either a day early, or exact date, its almost like picking the money off of a tree.
Homeless guy gets a McBullet to the chest.
Damn.
https://www.reddit.com/r/PublicFreakout/comments/1jvpr95/armed_security_guard_shoots_mentally_ill_man_who/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
What happens when you take your McJob too McSeriosly:
https://www.nbcwashington.com/news/local/mcdonalds-security-guard-charged-with-murder-for-restaurant-shooting/3857633/?amp=1
No McQualifiedImmunitySpecialSauce for you sucker.
Now you can go Security Guard the slop at the Federal Prison.
Dolt.
US wholesale prices unexpectedly fell in March by the most since October 2023 – Bloomberg
Deflation cometh….they better be careful here. Once that ball gets rolling, it becomes incredibly difficult to stop, never mind turn it around.
Wouldn’t that be something…go to battling high inflation to deflation in the same decade. China is completely f/ed with deflation…been battling it even when the rest of the world was battling high inflation. They are def in a depression.
D-FENS says:
April 11, 2025 at 11:57 am
US wholesale prices unexpectedly fell in March by the most since October 2023 – Bloomberg
$5.1 Billion in IT contracts cancelled by Pentagon
https://www.reuters.com/world/us/pentagon-terminate-51-billion-it-contracts-with-accenture-deloitte-others-2025-04-11/
I agree that most of these are “waste”. The question is, who will they spend on? xAI?
“…the market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarization.”
— George Saravelos of Deutsche Bank
“Our concluding observation is that given the centrality of the dollar to the global financial system there are likely to be many unpredictable consequences to the epochal shifts in capital flow allocation that have been unleashed.”
12:24 damn.
talked to someone at one of the top italian tailoring firms. they plan on moving manufacturing to the US. said that generations of italian tailoring skill and culture can probably be transported to boise, idaho. expect flawless transition by monday.
– Derek Guy
VSG – Italy has allot of people from China living in Italy doing tailoring.
Pumps, we are still waiting for that 2008 deflation. Deflation does not exist with printing presses.
People are their own worst enemy. The dollar has been the best thing to happen to the world in terms of currency. These people had it so good, and think the grass will be greener…good luck.
They will learn the hard way….
Very Stable Genius says:
April 11, 2025 at 12:31 pm
“…the market is re-assessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarization.”
— George Saravelos of Deutsche Bank
“generations of italian tailoring skill and culture can probably be transported to boise, idaho”
Good Luck with the Visa applications.
Visa applications for already illegal Chinese immigrants living in Italy? These folks are indentured servants over there working in sweatshops. They can’t leave except maybe to go home for good. The “Made in Italy” label as a badge of quality and craftsmanship should include “Made by Chinese labor in Italy”.
Do you have any idea how long it takes to make those invisible stitches and nano-knots required to keep the celebrities that are on the Hollywood Award show red carpets or heck even at the NY Met Gala outdoing each other?
How, exactly, do you imagine a silk dress encrusted with fine embroidery is made? You think the locals in Italy are doing this….Hahahaha maybe read a book once in a while.
Will tailors be on the Grindr app now ? So GOP can get their in-seam measured at the tailor of choice? –
https://youtu.be/fANwTBK3Ylg?si=h8n7MbF1XVQwl4GR
I am not sure when Canadians will forgive the US, but theybare hopping mad right now.
And this will impact American companies. It is starting to show –
https://finance.yahoo.com/news/general-motors-temporarily-halts-canada-181929442.html
I really hope these leaders come to their senses before they really fk everything up. China, your factories are shutting down, just stop the bs and be sensible here…for the sake of the world.
There is no talking to trump….you have to kiss his ass. That’s who he is. You can’t go hard at him, he becomes a big baby. If you kiss his hand, you can get what you want. Just play the ego.
I don’t understand why none of these politicians get it….from any country including ours. You can’t talk chit about trump, he takes it personally. If you stroke his ego, you get whatever you want. You don’t even have to fight him on it.
What the fucj do you think RFK jr did? He stroked trump’s cock. Now look at him, from a crazy conspiracy character being laughed at by the FDA to taking it over. All because he understands to kiss the hand and feed the ego to get what you want from trump.
Hopefully, China understands this sooner than later.
Gorgeous day here. Happy Friday all!!
Noped out of the AMG, repair costs scare me.
Pumpkin,
Sorry, fascist leaders don’t get along. Chinese are so high on nationalism they actually might not think they need the US anymore. And they’ll lose the US market anyway if they invade Taiwan, so Xi might actually try to kill two birds with one stone. And Chinese probably expect Trump to kneel before emperor Xi, which I don’t see him doing.
Even Fox would have a hard time spinning that visit as a “triumph”.
I might need to stock up on Chinese stuff now.
NorX,
I remember watching those old Top Gear shows where the boys would buy 20 year old European luxury sedans for 10% of their original selling price, and then watched one thing after another fail while they drove them around. Each repair would basically surpass their purchase price, I bet.
I said this years ago, there’s no way to decouple without a major recession. Refusing to decouple ultimately leaves us completely destroyed and in debt. There’s no easy solution to the major structural problems that exist within the US economy. I know many on this board would prefer we just keep doing what we’ve done for 25 years while they try to squander their piece of the pie before its gone. Trump doesn’t appear to have the balls to go one way or the other.
No one,
Yea, it will prob get ugly. Too much pride in both leaders.
I would sell gold if i held right now. It’s a major bubble that will flow to crypto and stocks when it pops. Creating a face ripping rally. Just wait till people start panicking with gold if price drops 10%….they will all fold. Lol they can’t handle losing which is why they are in gold in the first place.
Just an easy sell at this point. Demand will not be higher..
Sure, it could go much higher, but you don’t want to be there when the bubble pops. Just not worth it at this point.
4:00 totally! It’s insaaaane. Nothing is more expensive than a “cheap” foreign car.
not understanding the crypto idea.
With most of the fate controlled by Calligula administration, no sane government would look at crypto as a store of value, or reserve treatment. Only sanctioned bodies like Iran, Russia etc might use it. I don’t see why Japan or Europe moves their payment systems on a blockchain that are highly influenced by officials chosen by Calligula.
Rise of gold wasn’t new. Last year it beat SP500 for instance quietly.
ROW accepts a gold-backed system, that is what it is saying. Sooner or later.
They will be chasing high risk as it will be game on. Soon, big gains will be coming from crypto and high risk stocks, and these people will eventually chase like they always do. Don’t make it more complicated than it has to be with noise. Cycles can change, but they never end…same with human nature. That’s all you need to invest: understand human emotion and what part of the cycle we are in. Throw in some patience and can’t lose. Throw in some greed and you will lose.
njtownhomer says:
April 11, 2025 at 4:23 pm
not understanding the crypto idea.
With most of the fate controlled by Calligula administration, no sane government would look at crypto as a store of value, or reserve treatment. Only sanctioned bodies like Iran, Russia etc might use it. I don’t see why Japan or Europe moves their payment systems on a blockchain that are highly influenced by officials chosen by Calligula.
Now is not the time to be buying gold, it’s time to sell. I don’t really care what you do, just my two cents.
Like right now, should be loading up on memecoins. Of course, most don’t have the balls and can’t handle the swings….but all you have to do is buy right now and hold for better weather. Really can’t lose unless you are buying stupid chit. It’s already bottomed and the good ones already doubled from the lows.
Why buy memecoins right now? Because the market is filled with fear and most are obsessed with a flight to safety…aka big discount on high risk. If you want to buy gold now instead, understand you are paying a massive premium. You are competing with all the other buyers…not me. I am buying their abandoned bags.
You know what? Do not touch high risk because you will get killed. You won’t sell and will end up a bag holder. Most can’t handle it.
Buh Bye PBS & NPR….. or will there just be a perpetual fundraiser!???
Refusing to decouple ultimately leaves us completely destroyed and in debt.
Decoupling may bring back some manufacturing jobs in some (politically favored) industries, but we will lose other manufacturing jobs (because the price of the raw materials they use will rise) as well as non-manufacturing jobs (because Americans will be paying higher prices for everything and will have less disposable income to spend on other stuff).
Some narrowly targeted tariffs are justifiable for national security reasons (e.g., we don’t want to be dependent on China for computer chips for F-35s), but these broad-based tariffs will do serious damage to our economy.
Think of it this way- when the price of oil spikes, is that good or bad for the US economy and US consumers?
Oil patch towns boom! Oil company profits soar! Oil field workers do great!
But the rest of the country? Not so much.
Why do you think high tariffs on all imported goods would have a different effect?
Decoupling (on the scale Trump seems to want) will only make us poorer as a nation.
Pumps – This will be you one day…
https://www.youtube.com/watch?v=6z98Rr8zCsA
Trump is decoupled from reality.
Manufacturing company I know in Omaha furloughed most of their staff today.
Watch the warm notices closely.
Amerikans are cocky for sure. We barely had one good day in the market, volatility still high, a crazy cuck at the top, and they are already bashing gold.
Gold can only go higher. It will reverse course at the next election – if we have one.
Spoke to someone else who said they have freight on a boat and are being told the sailing is now cancelled and being offloaded.
Brother says massive scrutiny on certificates of origin to stop transshipping through other countries to avoid tariff. Folks that tried to play the game and ship via friendlies in Taiwan, Vietnam, or UK are f@cked.
Had dinner with wife and kids at a chinese restaurant we frequent. Bok choi with mushrooms, peppercorn fish filet and a chicken dish. Same great flavors as always, but better service – since we were the only ones in the whole place. It is usually buzzing. I did not see a single take out either.
Three different manufacturers with end of day price increase announcements. One was all over the place, 12-60% depending upon the category, some just said “mix”. US based manufacturer that import some entire products as well as components for their domestic products.
re: ” certificates of origin”
Yes that works really well with Russian Oil too.. You wanna bet we still get Russian oil here in the USA?
Wayback machine on Tariffs.
https://www.youtube.com/watch?v=M3muYSQkE9s
My point about Oil is big money finds a way..
Just watch what Apple does.
They if anyone could afford to spin up production anywhere but here.
I’ll place bets if the tariffs are still in place even Apple will cheat.
Dept of education secretary wants kids to have A1 in kindergarten . That’s right not AI but A1,
With bond market falling trump mulls bringing in Kid Rock to replace Powell.
I wish this stuff was fake news
Get into high risk! Tailwinds cometh!
– FED signals it is ready to intervene
– inflation falling off a cliff
– global m2 hit a new high
– trade deals coming soon
Juice Box says:
April 11, 2025 at 5:58 pm
Pumps – This will be you one day…
https://www.youtube.com/watch?v=6z98Rr8zCsA
Wayback machine on Tariffs.
https://www.youtube.com/watch?v=M3muYSQkE9s
Reciprocal tariffs on China alone vs Trump’s super large tariffs on China PLUS large tariffs on all our other trading partners seems to me to be two very different policies.
One is dumb but not too dumb, the other incredibly stupid.
As is his habit, Trump turns the stupidity level up to 11.
Speaking of Apple.
They are off the hook for now.
US President Donald Trump’s administration has announced that smartphones and computers have been excluded from Trump’s global reciprocal tariffs.
In a notice shared by US Customs and Border Protection, the exemption also applies to the 145% tariffs imposed on Chinese imports, and includes other electronic devices and components, including semiconductors, solar cells and memory cards.
The tariffs would have a major impact on American tech giants like Apple, which has 90% of its iPhone production and assembly based in China.
The new exemption applies to products that entered the United States or were removed from warehouses from 5 April.
US President Donald Trump’s administration has announced that smartphones and computers have been excluded from Trump’s global reciprocal tariffs.
Wonder what Tim Cook said/promised.
The art of the grift.
Unlimited lives in Candy Crush.