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 | 3902 | -6.3 |
| Oil (WTI) | 57.53 | -0.34 |
| 10 year government bond yield | 1.15% | |
| 30 year fixed rate mortgage | 2.85% |
Stocks are flattish this morning on no real news. Bonds and MBS are up.
Small business optimism fell below its historical average in January, according to the National Federation of Independent Businesses. “As Congress debates another stimulus package, small employers welcome any additional relief that will provide a powerful fiscal boost as their expectations for the future are uncertain,” said NFIB Chief Economist Bill Dunkelberg. “The COVID-19 pandemic continues to dictate how small businesses operate and owners are worried about future business conditions and sales.”
November 30 day delinquency rates rose to 5.9%, according to CoreLogic. This is an increase of 2 percentage points from a year ago. “The consistent decline in serious delinquency since August is a sign of growing financial stability for families. In addition to ensuring that homeowners stay in their homes, the decline in delinquency means fewer distressed sales, which is both a positive for individual households and the overall housing market.” Seriously delinquent rates rose from 1.3% to 3.9%.
The number of loans in forbearance fell last week to 2.7 million borrowers, according to the MBA. The forbearance percentage fell to 5.35% from 5.38% last week. “The share of loans in forbearance decreased at the end of January across all investor categories,” said Mike Fratantoni, MBA Senior Vice President and Chief Economist. “Almost 14 percent of homeowners in forbearance were reported as current on their payments at the end of last month, but the share has declined nearly every month from 28 percent in May. While new forbearance requests increased slightly at the end of January, the rate of exits picked up somewhat but remained much lower than in recent months. We are anticipating a sharp increase in exits in March and April as borrowers hit the 12-month expiration of their forbearance plans.” By stage, 16.52% of total loans in forbearance are in the initial forbearance plan stage, while 80.98% are in a forbearance extension. The remaining 2.50% are forbearance re-entries.
Mortgage credit improved slightly in January, according to the MBA. “The growth in credit availability in January coincides with a housing market that is poised for a strong start to the year,” said Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting. “Improvements were driven by the conventional segment of the mortgage market, as lenders added ARM loans with lower credit score and higher LTV requirements. Despite ARM loans accounting for a very small share of loans applications in recent months, lenders are likely looking ahead to a strong home buying season by expanding their product offerings.”
Filed under: Economy |
All Things in Moderation 
Didn’t watch, but sounds like the Super Bowl ratings were a multi-decade low.
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This was the first Super Bowl in 20 years that I didn’t watch. The only other time in my life that I didn’t watch it was the 6 years I lived in HK and it was broadcast at 6am Monday morning while I was working. In fact I watched only a single NFL game all year, and only because the people I was with had it on. After all the woke BLM bullshit, the NFL can FOAD as far as I am concerned.
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i don’t know why the NFL thinks it needs female coaches, but as long as they do, i am not gonna care..
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Ditto
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I haven’t watched a Superbowl in a decade or . . . maybe more than a decade now. Approaching two. I’ve never been a sportsball person but would often watch the Superbowl, just to have some engagement in a cultural touchstone. But a big thing I liked to watch for was the ads and now they all suck too.
I’m actually surprised as many people watched it as actually did.
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Nielsen took forever to get the stats out. I am betting they massaged them to make the SB look better than it was
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Serious question, why shouldI care?
https://www.cnbc.com/2021/02/08/jeff-bezos-would-owe-2-billion-in-state-taxes-under-washington-wealth-tax.html
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Unless you live in Washington, you shouldn’t. Or unless you live in one of the states the billionaires relocate to, and then start working their magic on the local culture. Then you should probably care.
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If a tax on high wealth keeps them out, is that a bad thing considering their far leftism?
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Well, it might be for Washington. Red states need to get busy passing their own out-of-state billionaire taxes if they don’t want their own states poisoned.
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Pretty pathetic, the Capital police killed more than that.
https://www.reuters.com/article/us-myanmar-politics/myanmar-police-fire-to-disperse-protest-four-hurt-one-critical-idUSKBN2A9061
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I’m curious under what authority the Federal government can do this if your traveling on state roads?
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No shit, there I was, knee deep in microphone cords. My best friend just got taken out with a boom mic during a spray. The questions were zinging past my ears!
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Our contemporary journalists cannot write and cannot think clearly. A problem I’m sympathetic with, but I’m not a journalist.
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The authority would be the commerce clause presumably. Although it’s not commerce necessarily to engage in interstate travel. Still that would be my guess.
How they are going to enforce it as a practical matter outside of air travel I have no idea.
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The did. They including “projected” bar and restaurant viewership, something they’ve never included before.
Part of it was waiting from streaming and delayed viewing numbers, which they’ve done before and is reasonable. But bundling in projected “bar and restaurant viewing” numbers is weird. Those should be encompassed in their normal numbers, so why they made a special category to allow themselves to add ratings out of whole cloth . . . getting leaned on by people who pay them a lot of money, presumably.
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loved the dipshit politician claiming studies show the rich don’t respond to economic incentives.
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Indeed they do not. That’s why John Kerry moved the registration of his yacht. His pointed non-response to economic incentives. The part where he saved $500k in taxes was coincidental.
Arguably, rich people do nothing but respond to economic incentives. That’s why they’re rich.
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Thank God Rolling Stone is on this.
“Meet the Woman Bringing Social Justice to Astrology
Chani Nicholas is transforming horoscopes from quips about finding true love and stumbling into financial good fortune to pointed calls to action
By Ariana Igneri”
https://www.rollingstone.com/culture/culture-features/meet-the-woman-bringing-social-justice-to-astrology-629153/
Good to see that the “pay to write an article” model is working out.
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$10 says it’s stupid white broads fucking up astrology.
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I was listening to the Victor Davis Hanson podcast and he was talking about how, historically, cultures dominated by identity politics inevitable corrupted everything. Particularly the sciences, as science had to comport with often crazy theories that conformed to the style of identify politics, whether primarily racial or religious in nature. Which made the scholarship of those places and times largely worthless.
While astrology is not physics or statistics or even economics, it serves as an example of how the identity politics of our day is devaluing and debasing almost everything. Pretty much everything we’re producing as a culture now is going to be historically worthless, except as artifacts of a society in the grips of a kind of religious hysteria.
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This is good.
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Like some of the replies: Out of control leftism? Lol We have 7.25 minimum wage and healthcare isn’t a right. Looks like out of control capitalism to me.
And:
Out of control leftism?” In what alternate universe is this?
And:
Lol this is a paper thin cover for (1) macron to try to appeal to people leaning NF, and (2) France’s continued refusal to address the racism embedded in its society, and the anti-woke left is going to swallow it hook, line, and sinker.
I just can’t even.
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Just when you think the NYT’s descent can’t possibly go further, they go and prove you wrong.
I suppose that if you willingly work for this increasingly dangerous organisation, you deserve what you get. And his grovelling apology for his non-crime suggests he has no self-respect in the first place. But man…we are seriously entering Orwellian times. And a Biden administration is only going to facilitate, not push back against, this Orwellianism.
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This is nothing more than affirmative action in reverse. The left is systematically finding dirt on white cis men and using that to get them out of power. That is the game being played here.
And it won’t stop until cis white men say enough.
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CIS white men will become CIS men and also Asians and definitely Christians and then probably Jews (the observant kind) and also white women are a problem and then black baptists for sure gotta go and then also . . .
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This is obviously true.
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it started with environmentalism.
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Never say die, Sam!
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what is the left going to do? impeach him a third time?
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Well, since the leadership of both chambers now write all legislation the members need something to do… it’s like parents telling their kids to go watch tv.
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Pretty soon just uttering the word Trump will be considered “hate speech”.
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Appropriate.
https://thefederalist.com/2021/02/10/cnns-anderson-cooper-compares-capitol-riots-to-rwandan-genocide/#.YCPvH_2xqCk.twitter
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Subtle and thought-provoking.
If someone on Fox had compared the burning down of a Wendy’s because some bad guy got shot to a Rwandan genocide, I’d have rolled my eyes. And, indeed, occasional stuff not unlike that on Fox is one of the reasons I stopped watching it years and years ago.
You’ve got to think there are plenty of Biden voters and CNN watchers that hear that comparison and others like it and they have a bit of a WTF moment. There has got to be some creeping sense on the left (for at least 10% of them, maybe 20%) that their side is losing the thread. It’s like when Trump played a little light footsy with QAnon. That’s just kind of “eh, I don’t like that” for me. And clearly not just me.
But maybe not.
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Why not? Seriously, why not and what’s to stop them?
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Man, the right-wing QAnon types and their crazy conspiracy theories. Holding on to crazy, ridiculous hopes. They are nutty!
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Very much so. And for the party/ideology that is supposedly so pro-science and “follows the sciences” they seem remarkably uninterested and even allergic to actual data.
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Oh, I think they can go further than even this. He had an alternative when he said the n-word by substituting something like “this” or “the n-word” or something else. Eventually this is going to spread to things like hearing someone say the word (I think that’s already happened in some cases) and not strenuously objecting enough, or maybe objecting when it wasn’t their place for some reason, or for possibly having thought it.
We’re going to get people deplatformed and cast-out for saying “my best friend is black” or even acknowledging someone is black, while someone else two doors down is going to get the same hit for NOT acknowledging someone is black, because that’s systemic racism.
And so on. It will go much, much further. IMO.
I see NYT a few years down the rode, with Nikole Hannah-Jones the editor-in-chief, being directly bought by Google or Facebook, or just transitioning to a “funded by wealthy donors” business model as every day brings a new firing or deplatforming. I imagine they will pair their reporting down to mostly about stories about who needs to be deplatformed that day.
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