https://realinvestmentadvice.com/deception/ |
The Federal Reserve is not currently forecasting a recession
Ben Bernanke, 2008
"Over the past two months U.S. mortgage rates increased almost a full percent from 3.50% to 4.375%.
The higher the interest rate, the less house one can afford
Given such an increase, a prospective homeowner determined to limit their mortgage payment to $3,000 a month would need to seek a 10% reduction in the price of a house. In the current interest rate environment, this equates to drop from $668,000 to $601,000 in order to achieve a $3,000 a month mortgage payment.
The value of a lot of homes just went down,
and most don't know it
One would expect that homebuilders temper their optimism, given that a key determinant of housing demand and ultimately their companies’ bottom lines is facing a sturdy headwind."
Same goes for auto loans;
http://www.zerohedge.com/news/2016-12-21/auto-industry-slowdown-signaling-trouble-ahead-overall-economy |
Meanwhile in subprime land;
http://greensboroperformingarts.blogspot.com/2016/12/the-higher-interest-rates-go-more-same.html
Real Estate Bubble; "Rates have now moved nearly a half a percentage point higher since Donald Trump was elected president"
http://greensboroperformingarts.blogspot.com/2016/11/real-estate-bubble-rates-have-now-moved.html
Consumer Credit as a % of Disposable Personal Income = Spending More Than We Make
http://greensboroperformingarts.blogspot.com/2016/11/consumer-credit-as-of-disposable.html
Doug Casey; "We’re at the peak of the biggest financial bubble in world history"; "Sell all your bonds"
http://greensboroperformingarts.blogspot.com/2016/12/doug-casey-were-at-peak-of-biggest.html
The perversity of disinformation "Look for Tanger Center in 2019"
http://greensboroperformingarts.blogspot.com/2016/12/the-perversity-of-disinformation-look.html
News and Record's fake news on the megasite, which isn't in Greensboro or even Guilford
http://greensboroperformingarts.blogspot.com/2016/12/news-and-records-fake-news-on-megasite.html
Say Yes to Education only different; Dallas Pension Board stops $154M in withdrawals"
http://greensboroperformingarts.blogspot.com/2016/12/say-yes-to-education-only-different.html
The cowardice of Greensboro News and Record's Doug Clark and Allen Johnson
http://greensboroperformingarts.blogspot.com/2016/11/the-cowardice-of-greensboro-news-and.html