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 | 4,167 | -8.4 |
| Oil (WTI) | 63.18 | -0.04 |
| 10 year government bond yield | 1.6% | |
| 30 year fixed rate mortgage | 3.17% |
Stocks are flattish this morning as earnings season begins. Bonds and MBS are flat.
We should have a quiet week data-wise, with existing home sales and new home sales the only really important data. We won’t have any Fed speakers since we have a meeting next week.
According to the CDC, at least half of all adults have received at least one COVID-19 shot. Despite this good news, it looks like overseas countries are battling with a resurgence of cases.
The CFPB is taking aim at servicers. “We are very concerned and we’re watching closely…Our supervision team is robustly asking for more data than ever from servicers….We remain very concerned about a potential wave of borrowers seeking assistance after the emergency protections expire later this year, and we will use our regulatory, enforcement, and supervisory authorities to prevent avoidable foreclosures” said the CFPB spokeswoman.
Apartment market conditions appear to be tightening for the first time in a year and a half, according to the National Multifamily Housing Council. Interestingly, the debt financing conditions continued to weaken. I think this refers more to CMBS transactions, not 1-4 unit residential financing which is facing new caps from Fannie Mae. The CMBS market took some lumps last year as COVID-19 negatively affected many commercial real estate tenants. That might explain why Annaly jettisoned its CMBS portfolio recently.
Filed under: Economy, Morning Report |
All Things in Moderation 
I am going to guess there will be a resurgence in apartment building in 2022, because of pent up demand, anyway.
I see some areas with massive new multihousing going up even now. Look, for example, at Durham, NC.
Depending on the final census count Austin is either the tenth largest or eleventh largest city in America. San Jose is the other contender. Fort Worth is a fairly close 12.
So three of the dozen largest cities are in CA, five are in Texas, plus Phoenix, Philly, Chi, and NYC.
LikeLike
It’s not supposed to be funny but it is.
LikeLike
So at what point do that riots become an “insurrection”? Because that’s what it looks like when you send in troops to provide security.
LikeLike
Riots by the left: peaceful protests
Riots by the right: insurrections.
LikeLike
Anyone else think they are holding on to the National Guard & fences and barbwire in DC in anticipation of the Chauvin verdict–but don’t ever want to say that, so they keep playing up the “domestic terror threat”?
LikeLike
This also makes me laugh, what voting constituency does the Harris team think this hurts?
https://www.beckershospitalreview.com/payer-issues/biden-administration-revokes-billions-in-texas-medicaid-funding.html?utm_medium=email&utm_content=newsletter
LikeLike
Not sure. Maybe the idea is it impacts a lot of low-income voters negatively and they blame the state?
LikeLike
They’re majority inner city and therefore overwhelmingly democratic voters, as all large cities in Texas are. I mean, I don’t care as I don’t rely on Medicaid for healthcare but if the Harris team thinks this will hurt Republican voters than they’re dumber than Republican officeholders, and that’s a low bar.
LikeLike
And Antifa wants to be able to attack first responders without consequence!
LikeLike
The comments to the Tweet are hilarious but it’s hard to argue with the thought. Are there really realistic threats against 1st responders? If not, why are they being escorted?
LikeLike
I expect not active explicit threats, but the assumption is first responders will be treated as combatants when the mob gets rolling.
LikeLike
Says a lot about what elected Democrats think of their citizens.
LikeLike
It’s weird to me that Democrats don’t read this and ask themselves What Do They Know That I Don’t Know?
LikeLike
What they think versus what they say, at least. But it’s okay. They live in neighborhoods with gates and private security.
LikeLike
Brent, have you posted anything about the spike in lumber prices?
LikeLike
here and there. Probably of more interest to my Motley Fool readers.
I discuss some of it here:
https://www.fool.com/investing/2021/02/11/why-not-worried-about-weyerhaeuser-earnings-miss/
LikeLike
I suspect the limitations will all be in one direction.
& as Greenwald notes, this shit will still get through:
LikeLike
supposedly she is a lawyer
LikeLike
I expect they will be depending on their human moderators, who I expect won’t want to silence marginalized voices. So won’t censor incitement, particularly from minority posters.
LikeLike
& as Greenwald notes, this shit will still get through:
Well, people are allowed to be ignorant of what the rule of law is and why you desperately, desperately want “reasonable doubt” to be the standard.
I thought you’d link to a Tweet by Maxine Waters saying people should burn shit down if they didn’t get a guilty verdict or something like that. 😉
LikeLike
Greenwald goes full Greenwald:
LikeLike
And the left is condemning Glen for this thread.
LikeLike
Indeed he does.
I gotta think some parts of him is hoping to get kicked off of Twitter. So he’s doing things that could get him kicked off but he knows shouldn’t get him kicked off. I can’t imagine it wouldn’t actually help him to get kicked off Twitter. He’d be on Carlson and all the conservative podcasts and what not. Probably expand his substack audience tremendously. And he does have private security to pay for.
LikeLike
Props to Cornel West:
“Howard’s removal of classics is a spiritual catastrophe
Opinion by Cornel West and Jeremy Tate
April 19, 2021 at 3:39 p.m. EDT”
https://www.washingtonpost.com/opinions/2021/04/19/cornel-west-howard-classics/
LikeLike