Quote from @John Clark:
Quote from @James Hamling:
Quote from @Bruce Woodruff:
Quote from @Paul Azad:
I thought it was an "Onion" headline, but it turns out that our Cheeto-in-Chief wants to send $5000 dollar Stimi-checks again, ie direct M2 inflation like he did in 2020, this time to every American "household", about 130 million of those. But now under the guise of "returning the waste and fraud to the American people." This would be about 650 Billion dollars one time so far.
This could certainly potentially worsen inflation again, remember he caused the recent 2021-22 inflation by printing 3.4 Trillion no one needed, followed by grandpa Biden adding his own 2.3 Trillion or so, though he may not remember doing it. If we get a second inflation bump now with a weakening Europe and Asia, he may just bring on the next recession, and that won't be good for CRE at all.
Last week's CPI print was awesome. It showed a headline core CPI of just 3.3%, but as we all know it's housing component is 36% of the number and it uses an antiquated sampling system of owner equivalent rents O.E.R., that is 1 year old data and bad data due to methodology. If you instead put in actual current Rent data, which is much lower, the core CPI is currently 2%, which is the putative FED ie New Zealand target. As future monthly CPI reports print, wall-street and the US treasury market will then trade on this, thus continuing the fall of the 10 year yield, likely to upper to mid 3s, lowering mortgage rates/cap rates. Now the guy who "knows the best words and went to the best schools" is threatening all the pain that we have endured from the FEDs Rate-pocalypse in 2022.
I'm still hoping mainstream media picked up the story from the "Onion" and it's not true. Didn't he and Herr Musk tell us we needed to decrease the debt and deficit? Maybe use that 650 Billion to pay down our credit card balance which is rising at 1 Trillion every 95 days and perhaps then the Bond market would take our own country seriously.
Maybe Trump and Biden and their rich friends actually want to subject our middle class to a permanent state of Penury, by engineering inflation at every chance?
I have mixed feelings on this.....part of my brain says to take that money and pay down the debt, that's what I would do if t were my household finances...but then, what a brillant political move to send everyone (well they're saying only taxpayers) a check for a few grand. If I were going to be really sneaky, I would give everyone a little something, imagine the goodwill that would spread.....
It's hilarious.
If Trump RETURNS our tax payment's that were recaptured for whatever BS spending attempts, he's a bad guy.
Yet if he did all this and DIDNT return it, he'd be labeled a thief and bad guy for keeping it.
COVID happens and world is in panic, shuttering the entire economy per the demand and directive of ALL in government especially the D's...... And Trump is a bad guy for the $ sent to help get people by. Yet Biden is a savior for doing the same thing......
Trump bad on deportations, Obama great for deportations.......
There is literally NOTHING Trump or Elon can do right, NOTHING.
Do these lunatics think we are blind to this BS setup? Do they really think us so dumb that we can't see what's right in front of our faces?
Find corruption and insane waste in Gov spending, now your a bad guy....
How did we get here?
How did we get to this point where people literally don't care what's done, however good or bad, that the ONLY thing that matters is what club there a member of?
This isn't division, it's derangement.
Picture a person in court for charges of murder and the jury says "yeah yeah yeah, evidence schmevidence, but who did he vote for?".
That's the exact insanity people are using now. W-T-F....
M 7:2-3, M 7:12
1. Nobody voted for Elon, so he has no business mucking around, period, especially in our private data, nor in government systems.
2. As for Trump wanting to give money back to the people, you will find that the people he wants to give the money to aren't the same as the ones who sent the money in. Trump's tax cuts -- which he wants to extend -- are heavily biased towards the top 1 percent. Then there's the small matter of deficits increasing under Trump more than they did under Biden.
3. Assume the spending cuts are made and money saved -- pay down the debt. Better yet, let the tax cuts expire and use the extra revenue to pay down the debt and build productive infrastructure. You will find that that was Biden's plan. Trump wants to crate the economy and direct money to the rich.
This whole propaganda of "Nobody voted for Elon" is just obnoxious at this point.
Did anybody vote for your mail carrier?
The President is the flipping PRESIDENT, as in head of the dang government. This nauseating concept that the President is just a figure head who's supposed to actively run nothing and EVERY federal manager or advisor requires a National vote is REDICULOUS.
And every American not infected with derangement syndrome acknowledges this and keeps shaking there head at the "Karens" and there fake freak-out on this demanding everyone join in there temper tantrums.
Do you not notice how the vast majority of the nation is NOT with you on your karen-campaign?
Do you not notice the vast majority of the country saying "give it a rest and let them do there dang jobs"?
This wasn't some post election day switcheroo, Trump literally PROMISED us, the American people this, EXACTLY this. For month's telling everyone, campaigning on it. And the people spoke! They voted FOR THIS.
So what your doing is literally yelling at people saying "OMG, aren't you MAD, there doing exactly what they said they'd do and what you asked them to do! HOW DARE THEM!"....
When you buy a plan ticket to Dallas, and land in, Dallas, do you get out and yell at them "How dare you take me to Dallas!"....
As for Biden's plan..... you are aware it was Biden who extended these tax cuts.
You need to step out your propaganda bubble my friend. Stop regurgitating what some talking head is telling you to think things are and instead read some actual facts of stuff.
And when you can show me $ actually being sent to a 1%er and nothing to the rest, then I'll listen to this BS broken record. This is the exact same BS propaganda that's been said literally Trumps entirety ever in office of "OH NO he's gonna....." and it NEVER happens. NEVER!
Gonna make WWIII with N.korea.... never happened.
Gonna make a great depression.... never happened.
On and on and on and on.......
Were not listening to the BS anymore. We fell for it and got a geriatric bumbling moron and his cackling parrot that literally f'd off while unknowns ran the place and sold we the people down the river.
Everything literally EVERYTHING was worse. Except for that 1%.......
