Money & Economics
- Thread starter bigredfish
- Start date
Gee, another fear inducing social media post leaving the reader to guess what's really happening. Even from crappy AP, this at least provides some explanation.
European postal services suspend shipment of packages to US over tariffs
" The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule."
Trump now has a majority on the Federal Reserve Board
Don't worry,. I'm sure the next Democrat President won't abuse this precedent...
Don't worry,. I'm sure the next Democrat President won't abuse this precedent...
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As expected, home prices continue to fall, and rates havent changed.
Home prices have never been about rates, its about Price. Simple supply and demand
The hoopla created by Trump over rates is not about lowering any costs for you, its about making his wealthy buddies more money. Lower rates allows big business and banks to borrow cheaper, selling to you at the same price and making more profit.
It also allows the .Gov to sell lower interest bonds to refi debt that was sold at higher rates.
If you're like me enjoying reasonable 4-5% interest on fixed income safe investments, we're about to be pushed into the stock market (at a time when its more over-valued/dangerous than ever before) because bond yields will come down and make it un-profitable to be in bonds.
www.zerohedge.com
Home prices have never been about rates, its about Price. Simple supply and demand
The hoopla created by Trump over rates is not about lowering any costs for you, its about making his wealthy buddies more money. Lower rates allows big business and banks to borrow cheaper, selling to you at the same price and making more profit.
It also allows the .Gov to sell lower interest bonds to refi debt that was sold at higher rates.
If you're like me enjoying reasonable 4-5% interest on fixed income safe investments, we're about to be pushed into the stock market (at a time when its more over-valued/dangerous than ever before) because bond yields will come down and make it un-profitable to be in bonds.
US Home Prices Plunge For 4th Straight Month In June
US Home Prices Plunge For 4th Straight Month In June | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
Every time I see a post that housing prices are dropping I go back to our old neighborhood. At the end of summer prices drop, been doing this every year for as long as I can remember. From the last time i looked I see about $5k drop on most houses that did not have any price drops when I looked prior. So, yes prices are dropping as they always do at the end of summer. All Realtors know this, summer is the hottest market for selling houses. Brokers/Realtors/Sellers panic around this time of the year.
A gradual drop in prices is not anything to panic about and is sure no way anything like in 2008. Just my opinion...But I cannot speak for the rest of the country I can only speak for the last 3 years I watched weekly our neighborhood/area since we were knowingly going to and did sell our house. I do see Zillow's estimate dropped $6k on our old house...
A gradual drop in prices is not anything to panic about and is sure no way anything like in 2008. Just my opinion...But I cannot speak for the rest of the country I can only speak for the last 3 years I watched weekly our neighborhood/area since we were knowingly going to and did sell our house. I do see Zillow's estimate dropped $6k on our old house...
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