There are two classes of people. People who purchased and refinanced homes before 2021, and everyone else

Donald Trump should cut the deficit by recovering fraudulent PPP loans

Let 👏 foreclosures 👏 happen 👏

One must imagine Richard Hanania happy.

Ancient, rotting, skin-falling-off-their-bones fucking politicians lack skin in the long-term game. Just as I opposed Biden's attempts to forgive student loans by executive order, I oppose Trump's attempts to manufacture "cause" for ousting Jerome powell. These pants-shitting

Momma’s Always RIGHT 🇺🇸 Cristian Russ Vought His entire personal and professional network is real estate development and the people who invest in it, all of whom are desperate for lower rates. And stepped away is generous: he was effectively ousted from the Pulte board and sold his shares in a childish huff before deciding

Lord grant me the confidence of a low-grade-fever IQ that doesn’t understand second order effects.

💥Breaking Rex says he is “encouraged by reports that William Pulte Pulte is considering resigning. I think this will be the right decision for America, and the economy will boom.” greenstreet.com/news/asset-bac…

Maybe it’s because I’ve never paid this much attention to politics at any other point in my life But the number of wedge issues we’re dealing with all at once is extraordinary 1. Epstein (loyalty test for “true MAGA”) 2. Big Beautiful Bill (alienating tech-right from MAGA) 3.

This is one of the most important parts of Tucker Carlson’s speech and it got overlooked American can’t afford to buy homes, Tucker says this is a National Emergency “At some point the basic economics really matter. And they matter because not that it's bad that rich people are

Inflating home prices out of the reach of normal Americans destroys the country..... agree with Tucker here

Long-term yields are surging around the world, with German 30-yr rates at the highest since 2023 and 30-yr yields in Japan surging toward new records. The uncomfortable truth: no politician wants to pay for spending with cuts & taxes, & bond markets are getting nervous.

Large fiscal deficits generally run things "hot" while the central bank tries to slow things down, meaning those who aren't on the receiving side of the deficits (eg younger working/middle class people trying to buy homes and start families) are squeezed the most.

Lyn Alden The difference between the have and have-nots increasingly just boils down to “did you purchase a house before 2020” or “can your parents help with a downpayment”

Tracey is clearly a smart person who knows her stuff But when I see a take *this bad* from a smart person, I’m generally forced to assume one or more of bad faith, intellectual dishonesty, or even malice But today, I’m just going to assume it’s some kind of blind spot

I had hoped to learn something from this discussion but, alas, there is nothing new under the sun. Doomers and hoomers are irreconcilable.

Kiss the July Fed rate cut goodbye.

🚩 CPI for all items rises 0.3% in June; shelter up . The lag is catching up. No rate cuts this year.

3% inflation is not acceptable in the US. We’re heading in the wrong direction folks. This is the second month in a row where CPI has risen. The Fed must pause. No other choice. Powell was right

I wrote about central bank independence. And the way I like to think about the concept is that it's like putting an app on your phone to limit your screen time, which only works if you have the willpower to keep it installed. Cited some work from Carola Conces Binder