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 | 4,237 | 0.8 |
| Oil (WTI) | 71.57 | 0.64 |
| 10 year government bond yield | 1.47% | |
| 30 year fixed rate mortgage | 3.12% |
Stocks are flat as we head into Fed week. Bonds and MBS are up.
Aside from the FOMC meeting (which will also include a fresh set of projections), we will also get some important economic data with retail sales, the producer price index, and housing starts.
The Street is looking for the Fed’s dot plot to show rates increasing in 2023, and to start discussing tapering of MBS purchases later this year.
The MBA sent a letter to the Biden Administration calling for an end to the nationwide eviction moratorium when it expires on June 30. “As the pandemic comes under better control, we look forward to working with the Administration to end unsustainable nationwide federal restrictions on property operations, implement workable solutions for renters facing housing instability and help the country recover,” the coalition said.
The Atlanta Fed’s GDP Now forecast sees 9.3% GDP growth for the second quarter. Note that this forecast excludes some of the COVID-19 related effects and assumptions.
Pending home sales are slowing, according to Redfin. “While the market has not come to a full stop, we are seeing signs of yielding,” said Westchester County, NY Redfin real estate agent Candice Smith. “Buyers are winning bidding wars with offers that are $60,000 or less over asking prices; just a month ago in similar situations they had to go $100,000 or more over asking. Bidding wars are still the norm, but the number of competing offers have been cut in half from around 17 to about eight. Homebuyers still need to be strategically creative when submitting their highest and best offer, which involves methods like offering to cover an appraisal gap upfront, dropping the appraisal or mortgage contingency altogether or adding escalation clauses.”
You can see several indicators of demand cooling off in the chart below.
Mortgage REIT AGNC Investment reported a 6.5% drop in book value in the month of May. I don’t think MBS pricing got hit that hard, but that is a surprising report.
Filed under: Economy, Morning Report |
All Things in Moderation 
Not to proud to admit I laughed and enjoyed reading the replies.
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I always liked this one:
https://www.huffpost.com/entry/haywood-jablome-strikes-a_n_404876
I remember the NYT got caught out on this one once, a long time ago.
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Reminds me of when a journalist covering the Augusta protest about female members interviewed a guy named Heywood Jablome.
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It used to be that every other time I went into a Dillard’s there’d be a page for Mike Hunt.
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KosKidz telling eachother ghost stories again, trying to scare themselves.
https://www.dailykos.com/stories/2021/6/14/2035160/-Could-we-see-Trump-Insurrection-2-0-this-August
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For safety’s sake anybody on the streets of DC in August should be shot on sight.
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Comments like this make me rock hard.
A Citizen
Jun 14, 2021 at 09:49:51 AM
They could try, but it would fail. In the January insurrection, Trump was able to tie the hands of security. He would be unable to do so this time. Biden could call in an airstrike if he had to. They want civil war? They should remember what happens in war. If they try to breach the White House fence, sufficient force would be unleashed on the insurrectionists to repel them.
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Remember this?
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I missed that one and it’s behind the paywall. Can’t you cut and paste?
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Retarded people on the internet make you hard? You must carry around a stiffy all day long!
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“WASHINGTON — Inside the White House, the mood was bristling with tension. Hundreds of protesters were gathering outside the gates, shouting curses at President Trump and in some cases throwing bricks and bottles. Nervous for his safety, Secret Service agents abruptly rushed the president to the underground bunker used in the past during terrorist attacks.”
See also:
https://apnews.com/article/donald-trump-ap-top-news-george-floyd-politics-a2326518da6b25b4509bef1ec85f5d7f
Point being is how the media and the Democrats (but I repeat myself) mocked Trump when the White House was threatened by the peaceful rioters in May of 2020.
Also you can read any NYT piece by blocking Javascript or just using reader mode.
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Ok, that’s a good tip re NYT, thanks. You’re right obviously about double standards.
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So is calling out the National Guard this time a fascist plot or necessary to save democracy?
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Apparantly we’re worried about the loyalty of the Secret Service and the military, so who knows. Depends on if they kill unarmed civilians, if so then they’ll be heroes of the Fatherland.
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Did they notice every post January 6th “imminent insurrection” story has turned out to be utter bullshit?
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They’d say their vigilance thwarted it. That and a possible air strike from Biden.
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Kevin, interesting candidate to consider if you’re in the 5th Congressional district in Tennessee.
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I’m in the eight congressional district. I can tell you I don’t know much of anything about David Kustoff except he’s a Republican and kind of funny looking.
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Serious question, do any serious people actually believe this? That will engage in WWIII for the sake of the Baltic’s?
“US commitment to Article 5 is unshakable,” and that “NATO stands together.
https://thepostmillennial.com/breaking-biden-laughs-at-putin-says-ukraine-must-clean-up-corruption-before-joining-nato
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War is the ultimate stimulus package
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Dude’s good.
https://townhall.com/tipsheet/leahbarkoukis/2021/06/15/putin-ashli-babbitt-n2591004
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This made me laugh
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Only the government could figure out how to lose money selling drugs
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They’d bankrupt themselves selling cocaine for fuck’s sake.
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