I want to submit this post to my few readers who can remain objective enough to make informed financial choices.
In other words, the domestic housing “crisis” is going to get much worse before any solution is offered.
To wit, I pass along this Numbeo housing market snapshot with the detailed table data presented below, which shows that house prices here in the United States are still relatively affordable for its residents. While the historical data over the longer term may ostensibly indicate a stretched housing market with lack of affordable housing, I definitely differ on this lopsided consensus of impending market doom.
In the post-QE world and with a nation of wide open borders, the sky will ultimately be the limit, regardless of prevailing mortgage rates. Moreover, home sales continue to struggle, because it’s just getting too expensive to sell. After reviewing the actual transaction costs or finding out their home’s rent potential, many home sellers decide to stay put. As home prices rise, transaction costs just become too expensive and these potential costs can be used to upgrade an existing home rather than lining a Realtor’s pocket or filling the coffers of a tax jurisdiction.
With this said, according to the table data presented below, we can easily determine how relatively affordable house prices are in the United States. Domestic SFR investors should also take heart, as rental yields here in the States are much higher than anywhere else in the Western Hemisphere, and even the world.
There are plenty of opportunities domestically and the pros definitely outweigh the cons, even under the upcoming Harris regime.
The cons of SFR investing under the Harris regime:
- Potential rent regulations;
- Higher mortgage rates from profligate deficit spending that the MSM dishonestly insists will be lower under a Harris regime.
- In an attempt to suppress house price and rent growth, we could see Internal Revenue Code rollbacks that have been designed to benefit all real estate owners. These rollbacks could even include the repeal of the capital gains exclusions afforded to owner-occupied homes as well as certain tax deductions on mortgage interest.
The pros of SFR investing with a Harris regime;
- The acceleration of domestically-oriented fiscal deficit spending will provide a floor to the price and rent inflation growth
- The promotion of massive illegal immigration, which under the Biden regime could be as high as 25-30 million,
- The global nation-state spending in preparation for WWIII later in the decade will continue to crush wage earners. Under these scenarios, it will always pay to be the landlord.
- The dollar”s standing will continue to erode in global trade as other countries seek dollar alternatives. Overseas dollars will continue flowing back in search of assets to buy as the Fed will be less successful sterilizing extra money flows from deficit spending.
In other words, the domestic housing “crisis” is going to get much worse before any solution is offered.
Click each header to sort
Saylor gives his breakdown on MSTRs financing strategy and breaksdown methods of valuing the stock. BTC OGs and technical analysts I follow say to get positioned before early November for a months long bull run. Buy and hold the underlying or trade the options.
https://www.youtube.com/watch?v=eThjo9wYoF0
Bloomberg and the Jew synagogue media are trying to manufacture demand for the injection bio weapons….
Mpox Vaccine Shortage Worsens as Africa Struggles With Outbreaks
(Bloomberg) — The spread of mpox in congested refugee camps and prisons is raising vaccine needs as Africa struggles to contain multiple outbreaks of the disease that has killed 1,100 people on the continent this year.
“We are not making huge progress,” Africa Centres for Disease Control and Prevention Director-General Jean Kaseya said in a briefing Thursday. “Concrete action on the ground to stop this outbreak” is needed now, he said.
More than 42,000 cases of the disease have been reported this year, with 3,051 in the last week. The vast majority are in the Democratic Republic of Congo. The number of African nations with mpox outbreaks has climbed to 18, from six countries in April.
The monkeypox virus, which causes mpox, has been sweeping through camps housing 2.5 million displaced people in eastern Congo where poor sanitation, scarce food, and other diseases like malaria, measles and cholera are already taking a toll. Meanwhile, neighboring Uganda has outbreaks in two prisons where three confirmed cases have left 1,874 inmates as possible contacts.
Limited hand washing and case isolation make these crowded environments fertile ground for mpox to spread, and raises the need for vaccines and diagnostics, Kaseya said.
Less than half of suspected cases have been tested. Africa CDC and the World Health Organization are trying to process more tests by improving transportation to centralized laboratories as well as ensuring tests can be done at a sub-regional level by trained locals. Getting good quality rapid diagnostic tests will also improve rates as these can be used in peripheral sites. The WHO recently authorized a second diagnostic test for emergency-use listing.
Funding that has been pledged by the US and other pandemic partners needs to be released soon to effectively reduce spread, Kaseya said.
Hosea 4:6
Big Data dump this morning. Not really bond friendly. Jobless claims data come in as expected, but the Philly Fed and retail sales come in hotter. Philly Fed prices paid also up above trend.
Initial Jobless Claims
Act: 241K Cons: 241K Prev: 260K
Jobless Claims 4-Week Avg.
Act: 236.25K Cons: Prev: 231.50K
Continuing Jobless Claims
Act: 1,867K Cons: 1,870K Prev: 1,858K
Retail Control (MoM) (Sep)
Act: 0.7% Cons: Prev: 0.3%
Retail Sales (YoY) (Sep)
Act: 1.70% Cons: Prev: 2.20%
Retail Sales (MoM) (Sep)
Act: 0.4% Cons: 0.3% Prev: 0.1%
Retail Sales Ex Gas/Autos (MoM) (Sep)
Act: 0.7% Cons: Prev: 0.3%
Core Retail Sales (MoM) (Sep)
Act: 0.5% Cons: 0.1% Prev: 0.2%
Philadelphia Fed Manufacturing Index (Oct)
Act: 10.3 Cons: 4.2 Prev: 1.7
Philly Fed Business Conditions (Oct)
Act: 36.7 Cons: Prev: 15.8
Philly Fed CAPEX Index (Oct)
Act: 23.50 Cons: Prev: 25.00
Philly Fed Employment (Oct)
Act: -2.2 Cons: Prev: 10.7
Philly Fed New Orders (Oct)
Act: 14.2 Cons: Prev: -1.5
Philly Fed Prices Paid (Oct)
Act: 29.70 Cons: Prev: 34.00
Debt to the penny data moved up nicely over the long weekend. New ATHs. The asset prices are performing quite well. This is to be expected leading up to the force majeure. Gird your loins, my friends. All of this fiscal deficit spending, within four or five spending cycles, ends up on the balance sheets of the largest corporations as pure profit.
How else will they get social housing for the masses? How will the Jew authorities convince teachers, firefighters, government and city employees, policeman, etc. to move into government housing? The answer will be simple, make housing so expensive that most wage earners won’t even contemplate ever buying a home anymore. The government will own the housing through a trust, which will be managed for profit by the large corporate property managers and REITs. Society is continuing its Soviet transformation and the multi-colored detritus people want it.
Do whatever we can do to own the assets.
Industrial production data sucking wind this month. Across the board, coming in lower than expected. Housing market index comes in at consensus, and the European Union drops its deposit facility rate 25 basis points to 3.25%.
Capacity Utilization Rate (Sep)
Act: 77.5% Cons: 77.9% Prev: 77.8%
Industrial Production (YoY) (Sep)
Act: -0.64% Cons: Prev: -0.16%
Industrial Production (MoM) (Sep)
Act: -0.3% Cons: -0.1% Prev: 0.3%
Manufacturing Production (MoM) (Sep)
Act: -0.4% Cons: -0.1% Prev: 0.5%
Business Inventories (MoM) (Aug)
Act: 0.3% Cons: 0.3% Prev: 0.3%
NAHB Housing Market Index (Oct)
Act: 43 Cons: 43 Prev: 41
Retail Inventories Ex Auto (Aug)
Act: 0.5% Cons: 0.4% Prev: 0.4%
World Economic Freedom Ranking, country by country
“In the year with the most recent data (2022), the most-economically free jurisdictions were Hong Kong (1st), Singapore (2nd), Switzerland (3rd), New Zealand (4th), the United States (5th), Denmark and Ireland (tied for 6th), Canada (8th), and Australia and Luxembourg (tied for 9th).”
https://www.fraserinstitute.org/studies/economic-freedom-of-the-world-2024-annual-report
Interesting. All these countries are Anglo-Saxon influenced or are Western European. Even Singapore, which speaks mostly English. It was (is) a part of the Commonwealth members.
Of course, Hong Kong was British controlled as well and benefitted from Britain’s influence. China tries to leave it alone if only not to embarrass themselves and show the CCPs true colors.
This is why people flood our borders. The Caucasians who mostly hate themselves now created the greatest nations in the world and most everyone wants to participate in (or drain) their riches.
Yup. How resilient are the Israelite white nations and capitalism? Even though we have abandoned God, His inertial touch continues to bless us, as undeserving as we are, and we continue to prosper, although less and less each year.
And it’s all because of a deathbed promise Jacob gave to his sons, with a specific emphasis of the last day’s greatness to Joseph’s two sons, Ephraim and Manasseh.
It really had nothing to do with anything their descendants accomplished or deserved. However, these were the lost sheep of the House of Israel and Jesus’s apostles headed north and west to preach to them, as Jesus commanded.
There’s plenty of extra biblical evidence to indicate that even the Roman and Greek hierarchy were descendant from the northern tribes. Why do we think Paul went there? He didn’t go anywhere else, but he spent a lot of time in those areas and ended up in Rome. Paul didn’t waste his time preaching to the Romans for nothing.
For anyone with an objective eye, it’s clear that these apostles went in a certain direction. They didn’t go east or south. They went north and west. The apostles went to the people who were receptive to the message. The apostle Thomas made a mistake and went to India. That didn’t work out too well for him. The Europeans spread the gospel to all four corners of the world.
Whitey gets a bad rap now, but it was the British and the Americans up until 100 years ago or so who spread the unadulterated gospel. So, while Ephraim and Manasseh would not necessarily be deserving of any greatness per se, the bar around the world was set rather low as it seems no one else was up to the task of spreading the message.
In fulfillment of the prophecies of Hosea, these lost sheep would remain lost in the last days. But as recently as 200 to 300 years ago, these Israelite descendants knew much more about their heritage than the Laodiceans of today. The people of today have no idea and so the prophecies are fulfilled.
Unfortunately for you and me, we have to observe the slow motion catastrophe unfolding and hope we can spread this truth to the few who can understand and overcome their social reengineering.
I don’t know whether there are non-Adamite humans, as Weisman and others contend, but it would sure make a lot of sense. One day, we will all find out the truth.
Why didn’t the Irish fight the Germans in WWII? The Irish hierarchy knew who the Germans were. They both were descended from Judah. Germany was from Pharez and the Scots Irish was descendants of the Zareh line, The Talmudic devils in control of history claim a bunch of lies, but those very few of the remnant know better.
The Bible and the prophecies make a lot more sense when we can wipe away the PC veneer that the synagogue’s historians teach. That’s because the synagogue, which gained its power exploiting the Whitey’s God given birthright, hates the white people more than anything else.
We’re condemned from thinking about race, while the Jew hierarchy obsesses over it.
Those “evil” Germans had the audacity to rise up against their edomite overlords! That just won be tolerated in this world.
Import and export prices come in much lower than expected this morning. This data feed should be good for the markets and bonds.
Export Price Index (MoM) (Sep)
Act: -0.7% Cons: -0.4% Prev: -0.9%
Export Price Index (YoY) (Sep)
Act: -2.1% Cons: Prev: -0.7%
Import Price Index (MoM) (Sep)
Act: -0.4% Cons: -0.3% Prev: -0.2%
Import Price Index (YoY) (Sep)
Act: -0.1% Cons: Prev: 0.8%
From a high of $2.4 trillion, down to $286 billion. The reverse repo window continues to shrink. I wonder how much longer it will take before the synagogue manufacturers a crisis that will allow their Fed to start adding Treasuries to its balance sheet once again? The Fed cannot rely on elevated overnight rates to absorb all this extra treasury issuance forever. Hmm… Stay tuned…..
Buffet’s AAPL share sale timing was terrible. He sold his shares in the 170s. AAPL just closed at a new ATH 233 and traded as high as 237.
Fed’s Kashkari Says Private Credit May Lessen Systemic Risk
(Bloomberg) — The rise of the private credit market may lead to less systemic risk in the US financial system despite a lack of political appetite for increasing bank capital requirements, Federal Reserve Bank of Minneapolis President Neel Kashkari said.
“It’s scary at some level, because it’s exploded to a trillion dollar plus market fairly quickly,” Kashkari said in Buenos Aires on Monday. “But as I’ve examined it, a bank in the US today — a big bank — is levered roughly 10 to one, 10 times as much assets for their equity. These private credit vehicles are typically levered one to one, so it’s much less leverage.”
Private credit — which generally refers to loans from non-banks — has been surging over the past few years, offering investors attractive returns versus other fixed-income products in an environment of rising interest rates. For borrowers, it’s become an alternative source of funding that does away with many of the more stringent requirements that are typical in bank lending.
Kashkari, said private credit vehicles may also introduce less risk because they typically lock in capital for longer compared to banks, which need to provide overnight liquidity.
“So where does systemic risk come from? The intersection between leverage and maturity transformation. So on both those dimensions, these private credit vehicles look like they’re much lower risk than banks,” he said during a Q&A session at Torcuato di Tella University.
“While I wish we had tighter regulation on the banks, I’m actually cautiously optimistic that some of these market developments might actually lead to less risk — at least less systemic risk — in the financial system,” he added.
Regulators around the world have increased their scrutiny of the burgeoning $1.7 trillion private credit market in recent years. While many have dismissed concerns that the industry poses risk to the financial system, some have called for increased transparency and reporting.
A billion square feet of new housing space to emerge in cities as America’s office market faces a major crisis
https://nypost.com/2024/10/14/real-estate/a-billion-square-feet-of-offices-could-become-housing/
Check out OKLO. It seems clear that the large tech and AI driven firms are gearing up for increasingly bigger electric grid problems and reliability issues and are working to build out electricity self sufficiency. Mini nuclear reactors could be the way to go in a post-economically collapsed and post-world War environment.
I received an email from a reader with a Rumble video link. I don’t have any opinion on it, but offer it to the reader….
U.S. Gov’t Has A List Of Americans To ROUND UP In Case Of War! – w/ Whitney Webb
https://rumble.com/v57sub9-u.s.-govt-has-a-list-of-americans-to-round-up-in-case-of-war-w-whitney-webb.html
Very informative video. I believe the government is monitoring everything we do to get a profile on us so they can round up people who are most likely to question the narrative in an emergency.
This aged well; don’t know what’s wrong with me but I can’t get out of my own way should have bought right away based off your recommendation.
Maybe the Harris regime will let us buy our own personal nuclear reactors. It’s clean and green 💚💚💚🤣🤣🤣🚽🚽🚽
LTBR on fire. Still holding that. I sadly sold too soon on OKLO.
You really were dead accurate on this these stocks are flying lately. Any thoughts if it’s sustainable?
They’re not trading on fundamentals and I heard OKLO has a huge short interest. I think the entire sector had a lot of short interest. Lots of short covering. LTBR seem to be a no brainer and was just playing catch up. The market cap is still under 100 million. The company put out a press release during lunch time today indicating it was interviewed on Schwab TV today and that its CEO was quoted by the WEF and the article is on the World Economic Forum’s website. The globalists seem to be pushing nuclear energy now.
Once these types of stocks get going, it’s anyone’s guess what the end will be, but LTBR seemed like the low hanging fruit. If you do have any shares left, keep a small runner. Take profit. I am sure that when the downside comes it will be a doozy. I also don’t like holding these types of stocks into the weekend. We could see a sell-off in the last half hour as traders attempt to book profits.
As a trader, I would not want to be overly exposed to these stocks over the weekend. This is the type that could get crushed if Harris happened to come out and say we need to regulate this stuff. I always worry about the outside Factor coming out of nowhere.
Basically, what this article says is that anyone who wishes to receive the Nobel prize in economics must advance the objectives of the Jew synagogue and globalism. The nation states that go along with this global agenda of democracy receive the synagogue funding from the Central banking institutions. These nations then can then be propped up by the synagogue’s own candidate choices….
Nobel Prize Hails Prosperity Research by US-Based Academics
(Bloomberg) — Three US-based academics including a former chief economist of the International Monetary Fund will share the Nobel Prize in economics for research into institutions and how they affect prosperity.
Daron Acemoglu and Simon Johnson, along with James A. Robinson, will receive the 11 million-krona ($1.1 million) award between them, the Royal Swedish Academy of Sciences in Stockholm said in a statement Monday.
“Reducing the vast differences in income between countries is one of our time’s greatest challenges,” Jakob Svensson, chair of the academy’s Committee for the Prize in Economic Sciences, said in a statement. “The laureates have demonstrated the importance of societal institutions for achieving this.”
In the panel’s description, research by the three academics showed how the path for prosperity can vary partly because of structures established in colonized countries, as a result of the contrasting approaches taken by the different empires built up by Europeans around the world.
Of the three winners, Johnson is probably best known for his stint at the IMF. While brief — lasting only from March 2007 until August 2008 — it coincided with the onset of the global financial crisis.
He is a professor at the Massachusetts Institute of Technology along with his colleague Acemoglu. They co-authored a book published in 2023 called Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity.
“Broadly speaking the work that we have done favors democracy,” Acemoglu said via phone at the press conference after the prize was announced. “Countries that democratize starting from non-democratic regime do ultimately grow, in about 8-9 years, faster than non-democratic regimes, and it’s a substantial gain. But democracy is not a panacea. Introducing democracy is very hard.”
In an interview with Bloomberg published earlier this month, Acemoglu cast doubt on the chance that artificial intelligence will live up to its hype, predicting that “a lot of money is going to get wasted.”
Robinson, the third winner, is a professor at the University of Chicago. He and Acemoglu co-authored Why Nations Fail: The Origins of Power, Prosperity, and Poverty, a book first published in 2012.
The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 by the Swedish central bank. It complements annual prizes for achievements in physics, chemistry, medicine, literature and peace, which were established in the will of Alfred Nobel — the Swedish inventor of dynamite who died in 1896.
Last year, Claudia Goldin received the accolade for her research into gender pay gaps, and the year before, former Federal Reserve Chairman Ben Bernanke shared the award with Douglas Diamond and Philip Dybvig for research on banks and financial crises. Other laureates include Friedrich Hayek for work in the theory of money and economic fluctuations, William Nordhaus for integrating climate change into long-run macroeconomic analysis and Paul Krugman for his analysis of world trade.
The Nobel Prizes, awarded since 1901, are famously unequal, reflecting how women have been overshadowed by men in science for centuries. Only three women have received the economics award, which makes its roster of laureates the second most male-dominated, after the prize in physics.
I guess DEAGEL.COM was just disinfo. It’s almost 2025 and the population of misfits and illegals continue to rise. The US now up to 335 million. The streets are as packed as ever with people unable to control their spending. This is all exciting news for the asset owners.