The Dollar Is Extremely Strong, Pushing Down the World

[SheriffJoe]

Right now the USD is the best of all the worst remaining fiat currencies. The rubble is now tied to gold, and other countries will soon follow.

In the 1920s, a nice suit cost $25 and an ounce of steak 17 cents a pound.

Fiat is the reason we now have broken double income families barely scraping by, unsustainable massive personal and govt debt, and cheap throwaway crap made in China (as opposed to Made in the USA quality we used to have that lasted decades), not to mention endless corruption in govt because of their unlimited credit card.

If the devil had a currency, fiat would be it.

This thread will be a great bump sometime in the fall when the globalists TRY to trigger yet another controlled demolition bringing down the entire financial system like 2008, only this one will 1000x bigger with no bailouts.

You can already see the coordination with the various central banks and where they're taking us - mirroring interest rate hikes and manipulated rates of inflation.

WHEN their system crashes they will tell a horrified panicked world the ONLY way to save us...the only 'solution' is a global CBDC, complete with digital IDs and a social and carbon credit system.

DO NOT BELIEVE THEM!

DO NOT PANIC!

There ARE alternatives.

Patriots know their maniacal evil plans and are ready...

 

[SheriffJoe]

We're not coming out of this one. Nope, no siree...not without a brand new system - *cough* Great Reset *cough* - because their old system is completely collapsing.

Remember, these are FAKE manipulated numbers... it's MUCH WORSE than they're telling you!

Fasten your seatbelts and prepare for a crash landing!

 

[Ricboff]

It's absolutely nuts... Feel lucky to be on the other side of finding a career, accumulating assists ect...I don't see how middle class families pull off the American dream anymore , with the price of educating kids, home ownership, taxes and basic everyday necessities ...stresses me out even thinking about it, real bummer watching my nephews fight the fight in todays world.

Yup


i dont think real estate collapses, correct sure . Certain demographics to be priced out. Perhaps a greater % of residential real estate owned by investors , rental passive income (be it individual or corps). Ship has sailed



remember the days when Powell et all chirped -- 'inflation is transitory' . lol

 

[Ricboff]

1 in 4 recent houses sold in the U.S. bought by institutional investors, a 'larger share than ever before'​

Investment firms have become the biggest new buyers of U.S. homes — a trend that could make home ownership more difficult for average families.
The idea of big investors buying single-family homes to rent them out is "just in its infancy" in Canada, but is worth watching, according to the president of one of this country's largest real estate firms. Some advocacy groups fear families can't compete against money managers with billions in assets.
As interest rates rise and property prices fall across much of North America, deep-pocketed investors such as hedge funds, private equity giants and pension managers are hunting for stable assets to offset inflation and volatile stock markets, according to market observers.
In the first quarter of 2022, investors made up a record 28 per cent of U.S. single-family home sales, according to a report published in June by the Harvard Joint Center for Housing Studies, compared to less than 20 per cent a year earlier.
"Investors bought a larger share of America's homes than ever before," noted a separate report from the real estate firm Redfin.

 

[SheriffJoe]

1 in 4 recent houses sold in the U.S. bought by institutional investors, a 'larger share than ever before'​

Investment firms have become the biggest new buyers of U.S. homes — a trend that could make home ownership more difficult for average families.
The idea of big investors buying single-family homes to rent them out is "just in its infancy" in Canada, but is worth watching, according to the president of one of this country's largest real estate firms. Some advocacy groups fear families can't compete against money managers with billions in assets.
As interest rates rise and property prices fall across much of North America, deep-pocketed investors such as hedge funds, private equity giants and pension managers are hunting for stable assets to offset inflation and volatile stock markets, according to market observers.
In the first quarter of 2022, investors made up a record 28 per cent of U.S. single-family home sales, according to a report published in June by the Harvard Joint Center for Housing Studies, compared to less than 20 per cent a year earlier.
"Investors bought a larger share of America's homes than ever before," noted a separate report from th

"Investment funds"

Why can't they be HONEST? It's BLACKROCK and it's deliberate for what's coming.

"You'll own nothing and be happy"

 

[Ricboff]

CPI tomorrow ,8:30 am should have some fireworks . Technically set up for a dip and bounce .

 

[Ricboff]

Boom , UUP may land in an ICU ward

 

[Bozzie]

1 in 4 recent houses sold in the U.S. bought by institutional investors, a 'larger share than ever before'​

Investment firms have become the biggest new buyers of U.S. homes — a trend that could make home ownership more difficult for average families.
The idea of big investors buying single-family homes to rent them out is "just in its infancy" in Canada, but is worth watching, according to the president of one of this country's largest real estate firms. Some advocacy groups fear families can't compete against money managers with billions in assets.
As interest rates rise and property prices fall across much of North America, deep-pocketed investors such as hedge funds, private equity giants and pension managers are hunting for stable assets to offset inflation and volatile stock markets, according to market observers.
In the first quarter of 2022, investors made up a record 28 per cent of U.S. single-family home sales, according to a report published in June by the Harvard Joint Center for Housing Studies, compared to less than 20 per cent a year earlier.
"Investors bought a larger share of America's homes than ever before," noted a separate report from the real estate firm Redfin.

It seems the extremely low mortgage rates we have enjoyed for the past decade or so are not the norm. As those rates rise to historical levels, which seems to be around 7-8% since the 1970's, .. We learned a harsh lesson in the Great Recession that not everyone can afford to both buy, and keep, a home.without the rates being pinned near zero we would have sold one of the two possibly...side not my mortgage in LA was bought buy USC..the university of souther cal during the 09 downturn..USC holds 100s of home mortgages in the area of the school

 

[Ricboff]

event risk tomorrow, Fed minutes. Have no idea , technicals indifferent

the March monthly candle on OIL (posted page 1) , inverted hammer long tail (fuckin classic presentation on the higher time frame)-continues to shine for shorts (no position). Oil is in trouble, broke support. $84ish a target, then $75. Fed minutes can b fuel either way. need to stop the breadth of the red candles on its monthly, again its approaching support ,... could get nutty

in other news, the Saudi's going on a shopping spree? if these workout, maybe give Rahm $200,000,000?

Saudi Wealth Fund Buys $7 Billion US Stocks Amid Recession Fears​

Saudi Arabia’s sovereign wealth fund invested more than $7 billion to build new positions in US stocks including Amazon.com Inc., Alphabet Inc., BlackRock Inc. and JPMorgan Chase & Co. as markets were battered by recession fears.

The $620 billion Public Investment Fund also added to positions it held in Facebook Inc. owner Meta Platforms Inc., PayPal Holdings Inc. and Electronic Arts Inc. in the second quarter, according to a 13F filing. The acquisitions show that the PIF, as the fund is known, is doubling down on its bet on technology investments despite a rout in valuations.

 

[Ricboff]

It seems the extremely low mortgage rates we have enjoyed for the past decade or so are not the norm. As those rates rise to historical levels, which seems to be around 7-8% since the 1970's, .. We learned a harsh lesson in the Great Recession that not everyone can afford to both buy, and keep, a home.without the rates being pinned near zero we would have sold one of the two possibly...side not my mortgage in LA was bought buy USC..the university of souther cal during the 09 downturn..USC holds 100s of home mortgages in the area of the school

easiest way to cool off a housing market is raise rates.

what's a 5yr now ? 4-4.5%? was like under 2% 2-3 yrs ago

 

[SheriffJoe]

Ending the Fed?

The transition into crypto without any fanfare or headlines:

 

[Ricboff]

ha, don't hold your breath

during inflationary times investors may flock to assets that serve as a 'hedge' -- ytd; Au down 2.5%, btc (albiet a toddler in the game) down 50%. UUP up 10.5%.....cant make this shit up

minutes yesterday ;

'Federal Reserve officials saw signs that the U.S. economy was weakening at their last meeting but still called inflation “unacceptably high” before raising their benchmark interest rate by a sizable three-quarters of a point in their drive to slow spiking prices.

'In minutes from their July 26-27 meeting released Wednesday, the policy makers said they expected the U.S. economy to expand in the second half of 2022. But many of them suggested that growth would weaken as higher rates take hold. The officials noted that the housing market, consumer spending, business investment and factory production had decelerated after having expanded robustly in 2021.

Slower growth, they noted, could “set the stage” for inflation to gradually fall to the central bank’s 2-per-cent annual goal, though it remained “far above” that target.

In both June and July, the Fed sought to curb high inflation by raising its key rate by an unusually large three-quarters of a percentage point twice. At their meeting last month, the policy makers said it might “become appropriate at some point to slow the pace of policy rate increases.

Concerns about a potential recession have been eased, for now, by the continuing strength of the job market. Employers added a robust 528,000 jobs last month, and the unemployment rate has hit 3.5 per cent, matching a half-century low that was reached just before the pandemic erupted in 2020.'

 

[Bozzie]

easiest way to cool off a housing market is raise rates.

what's a 5yr now ? 4-4.5%? was like under 2% 2-3 yrs ago

Can you imagine buying a 5/1 adjustable rate, 4.22 today ...Five years from now who knows, I get the feeling you'd be stepping up % 5 years from now.
or you could have a 30 at 5.60, Crazy when I bought my second place it was 2008 during the crash and I got a rate of 6.5 on a 30 year..catch was the lender wouldn't do the loan without PMI insurance at the time..300 bucks a month a tacked on the monthly for almost three years or till the equity reached a point. Total rip off.
refinanced eventually near 2.5% and got a few thousand dollars back on my next monthly payment.

​

 

[Ricboff]

yup

what happens to (thousands of) folks when their 5 yr expires? My neck of the woods, its been musical chairs and the chest pounding rhetoric; 'real estate always goes up' lol. Putting some numbers down;


John Doe buys with rates at historic lows , caries a cool $800,000 mortgage . He Give No Fuck;

5 yr fixed @ 2%, 25 yr amortization period, paid monthy-- $3,387

5 yr is now done, adn has to renew (around the corner, lol) ;

5 yr fixed @ 4.75% , monthly - $4,539

(will be a bit less as some of the principle was paid down, but nonetheless)


almost $900 more per month? that dude bringing the leased car back? shopping at Dollarama ?

 

[PatsFan1283]

Chevron, Exxon post record quarterly profits as commodity prices boom

Chevron and Exxon earned record profits during the second quarter of 2022.

www.cnbc.com

all you need

I just drop in to give out free money

 

[Ricboff]

if XLE hits the gap at $88? i'd strongly consider selling calls somewhere in that zone.

anyway, lookin' like im waving bye bye to SOXX, XBI!! ha!! xbi $87 Sept 30 puts paying 4.71% . Annualized that's $40% , lol--gotta love volatility.


SPY

6 mth daily

200 SMA

hmm...breaks through it? you kidding, $445 in sight lol. But if rejected? $412ish

 

[Ricboff]

one of the issues with getting your shares called away is then having capital on the sidelines-- not making money, no bueno. However, its what i wanted as i dont like the charts short term on the major indices . soxx, xbi ATM calls r paying 2.75% (28 days), 4.70% (35 days) respectively, careful what you wish for lol -- i could have rolled them over at 3:50 pm or sold Monday morning if not called away .............c'est la vie

not good candles on the major candles, no roll over tho. SPY $412 would be sweet , would likely put various sector etfs in oversold positions .no where near that now.

horrific, vomit-material candles formed on these ;
XLF (financials)
URA (uranium)

UUP hopefully to form a double top, slv/gld/gdx all praying it does LOL. In time. I think GLD is a bottoming process, i know im wrong if it loses last month's low (double bottom forming on its monthly chart -- its mirroring inversely UUP)

a lot of data comes out next week , Sunday night is a biggie too. I believe China will announce a stimulus.

 

[Ricboff]

gap on the VIX formed yesterday . It will fill, in time . ALL gaps on the VIX fill..............ALL OF THEM, Dont believe me tho, rather check for yourself -easy to do, get its chart and scan backwards


'UUP hopefully to form a double top, slv/gld/gdx all praying it does LOL'


UUP

6 mth daily

we shall see ...

VIX

6 mths daily

 

[Ricboff]

Jackson Hole tomorrow gentlemen....event risk , imo, a binary event .......... no grey

 

[Bozzie]

Jackson Hole tomorrow gentlemen....event risk , imo, a binary event .......... no grey

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The Yellowstone club is amazing..best skiing in the US when they have snow...last two years we passed on the conditions