Brent Nyitray
Fairlington Blade
Let the mutherfuker burn!
jnc4p
Kevin S. Willis
Michigoose
lmsinca
markinaustin
Memetrics
novahockey
quarterback
ScottC
yellojktVital Statistics:
| Last | Change | |
| S&P futures | 3577 | -2.6 |
| Oil (WTI) | 41.53 | -0.31 |
| 10 year government bond yield | 0.85% | |
| 30 year fixed rate mortgage | 2.84% |
Stocks are flattish this morning on no real news. Bonds and MBS are flat.
The CFPB will get more aggressive under a Biden Administration. Payday lenders will be the focus again, as will servicers. I expect the bureau will also pursue a lot of fair lending cases. Given that there is a time lag to develop cases, the fair lending ones may take a while.
The Index of Leading Economic Indicators rose 0.7% last month, an indication that the economy continues to improve.
Steve Mnuchin has decided to let many emergency Fed lending programs expire at the end of the year. The Fed would like to keep them. I am sure the first order of business in Biden Administration will be to re-institute them.
Chuck Schumer says that he and Mitch McConnell have agreed to resume negotiations over a COVID stimulus bill. “Last night, they’ve agreed to sit down and the staffs are going to sit down today or tomorrow to try to begin to see if we can get a real good Covid relief bill,” the minority leader said during a news conference in New York. “So there’s been a little bit of a breakthrough in that McConnell’s folks are finally sitting down and talking to us.”
Filed under: Economy, Morning Report |
All Things in Moderation 
Does Treasury’s action threaten MBS market stability?
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not at all.
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Good.
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AFAIK, these facilities were never used
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Vos says: Ignore the fact that more minorities voted for Trump than any Republican candidate since 1960. The REAL story is that it was WHITE PEOPLE that voted for Trump in the greatest numbers!
https://www.vox.com/2020/11/7/21551364/white-trump-voters-2020
And as analysts drill down into what happened on Election Day in states and counties around the country, it’s crucial not to lose sight of what’s staring us in the face: The support Trump has always received from white people.
This year, the majority of white Americans voted for Trump, even after a recession and a botched response to a pandemic that has left more than 200,000 dead. And if we simply treat this fact as obvious while Black and Latinx votes are worthy of analysis, we essentially give white voters a pass for backing a racist campaign — twice.
These “news magazines” can’t go bankrupt fast enough for me. Crossing my fingers!
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damn, i rolled my eyes so hard reading that i saw my bald spot
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It feels like Overton Spamming
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Who exactly is this “we” that the authors keep invoking?
I suspect that the authors were also the same people complaining that the press was giving too much coverage to Trump voters after 2016.
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Looks like Vox became too much Vox even for Ezra Klein:
https://www.vox.com/2020/11/20/21583281/a-new-era-for-vox
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Or maybe Ezra has a mission to remake the NYT in the image of Vox, since that’s where he’s going! 😉
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Pretty good rant. Seems right to me.
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Haven’t the globalist elites always pushed soft authoritarianism? The whole point is to have globalist elites who do not answer to anyone.
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Yes, and they are always on the cusp of getting what they want but never quite enough.
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