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 | 3811 | 7.3 |
| Oil (WTI) | 51.67 | 0.94 |
| 10 year government bond yield | 1.01% | |
| 30 year fixed rate mortgage | 2.88% |
Stocks are higher this morning on hopes of a stimulus package. Bonds and MBS are flattish.
Joe Biden revealed a $2 trillion stimulus package. It will include $2,000 payments, aid for state and local governments and extended unemployment benefits. Separately, Mitch McConnell moved the impeachment trial for Trump until after Joe Biden takes office.
New York City renters owe $1 billion in back rent, according to one survey. It probably is closer to $2 billion. According to one housing advocate, the government could wipe that amount out with aid to the New York City. “It’s not an insurmountable amount,” Mr. Martin said. “The numbers tell us that, probably, if we could get an additional billion or two dollars in the city, we could probably pay off every single renter’s arrears in the entire city of New York over the last year of the crisis.” This may be where the government is headed, with the government making rent payments until the crisis is over. This is a risky course of action, as it will encourage a stampede of rent defaults with the government writing checks and asking questions later. Also, it has to be bearish for apartment pricing in the City as well. I don’t know how you account for potentially unenforceable rent contracts in your cap rate assumptions.
The National Federation of Independent Businesses reported that sentiment fell dramatically in December. “This month’s drop in small business optimism is historically very large and most of the decline was due to the outlook of sales and business conditions in 2021,” said NFIB Chief Economist Bill Dunkelberg. “Small businesses are concerned about potential new economic policy in the new administration and the increased spread of COVID-19 that is causing renewed government-mandated business closures across the nation.”
The plus side for the economy going forward is more government aid, and a robust housing market. The downside is more government regulation and general anti-business sentiment.
Mortgage Applications rose 16.7% in the first week of January as purchases rose 8% and refis rose 20%.
Initial Jobless Claims are headed in the wrong direction, with the number of newly unemployed increasing to almost 1 million.
Filed under: Economy, Morning Report |
All Things in Moderation 
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That is delicious!
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when does Twitter ban that account? Surprised it hasn’t happened already.
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Too close to actual progressive accounts? Hard to explain with why it’s bad for one person to say something in deadpan humor and then support someone else saying the same thing seriously three months later.
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You are assuming there are rules here. This is Calvinball. Making fun of the left is illegal
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I’m reliably informed that walls don’t work and are racist.
https://thenationalpulse.com/breaking/capitol-fence-bill/
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Walls are to keep the peasants out of the palaces. They don’t live near the borders.
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So what.
https://www.breitbart.com/clips/2021/01/17/rove-if-trump-continues-to-claim-election-fraud-there-will-be-bipartisan-conviction-in-the-senate/
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Remember what I wrote.
https://www.theblaze.com/news/josh-hawley-cancel-fundraiser-hotel
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Trump’s not that lucky, is he?
https://www.breitbart.com/clips/2021/01/17/d-c-ag-racine-trump-and-all-rally-speakers-are-being-reviewed-for-inciting-violence-charges/
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What did you write?
Anyway, they better take him out and have as much control over everything as they think they do or they are launching Hawley’s future presidential run with this shit.
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I wrote that Cruz and Harley won’t finish their terms.
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I thought conversion therapy was supposed to be bad?
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Ah, the irony…..”How do you begin to deprogram the Capitol Hill rioters”, he programmatically asked in a monotone, HAL-like voice.
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Will be interesting to see. I don’t know what precedent there is for impeaching a civilian after he’s out of political office
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The Congress makes up its procedural rules on Impeachment. Thus we have this precedent, involving a Secretary of War who apparently enriched himself in a corrupt manner while in office.
On March 2, 1876, just minutes before the House of Representatives was scheduled to vote on articles of impeachment, Belknap raced to the White House, handed Grant his resignation, and burst into tears.
This failed to stop the House. Later that day, members voted unanimously to send the Senate five articles of impeachment, charging Belknap with “criminally disregarding his duty as Secretary of War and basely prostituting his high office to his lust for private gain.”
The Senate convened its trial in early April, with Belknap present, after agreeing that it retained impeachment jurisdiction over former government officials. During May, the Senate heard more than 40 witnesses, as House managers argued that Belknap should not be allowed to escape from justice simply by resigning his office.
On August 1, 1876, the Senate rendered a majority vote against Belknap on all five articles. As each vote fell short of the necessary two-thirds, however, he won acquittal. Belknap was not prosecuted further; he died in 1890.
I do think the weight of scholarship is that the Supreme Court has little if anything to say about Impeachment because it is a non-judicial remedy explicitly left to the Congress. One can always argue “due process” denial, of course. But I do not think that applies to the issue of pursuing an impeachment once begun against an executive or judicial officer who then resigns or is term limited.
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Since Trump will no longer be in office will the CJ preside? I thought the Constitution only required the CJ for an in-office POTUS. I’m praying that Schumer and McConnell agree to hold the trial as soon as possible.
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I am going to suggest that the more recent successful Conviction cases of US District Judges will provide the guideline. In those cases, under Senate R11, the evidence was heard by a Committee appointed by the two party leadership. The Committee reported to the floor its findings, and a vote was held. In Judge Walter Nixon’s case, Nixon made a due process appeal to the Supremes which rejected it, pointing to the Senate’s exclusive mandate to try the case. If the Senate is going to do regular business this coming month then it surely will invoke R11 and Schumer and McConnell will appoint a Committee to hear evidence. Thus:
No CJ Roberts in sight.
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Lol!
https://pjmedia.com/instapundit/426763/
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Thanks! So they probably can go forward. Will be interesting to see if the first conviction on a presidential impeachment is of a president no longer in office.
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the left doesn’t need precedent. It is about the feelz, man
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From The Daily Beast: Do We Need Our Own Stasi?
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A lot going on here.
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They’ve been worrying about this for a while now:
“Becoming White: The Weakness in Democrats’ “People of Color” Coalition
By Chris Ladd November 2, 2020”
https://www.politicalorphans.com/becoming-white-the-weakness-in-democrats-people-of-color-coalition/
The dirty secret is that “becoming White” used to be called assimilation, or the melting pot.
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