So companies sprang up to loan money on mortgages, but the business plans don’t allow for an increase in rates and a decrease in new loans? Stupid people, unless they’ve already pocketed their share and are ready to bail.
“Banks are starting to scare. They are seeing used car prices go down. They are seeing their collateral go down with nothing protected…”
#LuckyLopez
@Quillintel
#DiMartinoBooth
Which metro areas are seeing the highest inflation?
Here’s how the top 12 metro areas ranked, from lowest to highest, Bloomberg reports:
- New York-Newark-Jersey City, New Jersey (6.5%).
- Urban Hawaii (6.8%).
- Boston-Cambridge-Newton, Massachusetts (7%).
- San Diego-Carlsbad, California (7.3%).
- Washington, D.C.,-Arlington-Alexandria, Virginia (7.5%).
- Los Angeles-Long Beach-Anaheim, California (7.7%).
- Denver-Aurora-Lakewood, Colorado (8.2%).
- Minneapolis-St. Paul-Bloomington, Minnesota (8.2%).
- Chicago-Naperville-Elgin, Illinois (8.8%).
- Riverside-San Bernardino-Ontario, California (9.2%).
- Dallas-Fort Worth-Arlington, Texas (9.4%).
- Tampa-St, Petersburg-Clearwater, Florida (11.2%).
Remember what started this thread…
China demolishing unfinished buildings… beautiful Keynesianism at work https://twitter.com/BokerIris/status/1560536999588667394/video/1
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I’m shaking my head after listening to this
The most repos are luxury cars, Mercedes. BMW, Lexus, Cadillac
Do not see Houston on the Top 12 list.
A good thing!
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I actually missed that.
But something does not look just right to me on those demolition
videos.
Edit-I’ve watched those videos about 10 times now. Hard to believe it’s real.
The thing that seemed so odd to me was how well the buildings held together
while falling down. Just not something you see every day with 15 skyscrapers falling
down all at once and no Godzilla in sight.
Would really like to know the fate of the planning committee members that had those
things built. Did they get promoted or terminated ?
Thanks for posting that.
So does that mean Houston inflation is less than 6.5 % ?
Seems odd there would be such a big difference between DFW and
Houston. Or was our metro area just excluded.
JPMorgan, $JPM, CEO Jamie Dimon told wealthy clients there’s a chance the US is heading into ‘something worse’ than a recession, per BI.
Yes, but it seems he’s slightly more bullish than he was in June per the referenced BI article.
Also note that he didn’t say we were currently in a recession. He does expect one though.
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September will be the first month that the full QT is supposed to take place
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When are we getting the $175 oil he warned people about?
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You really want that?
The Goldman guy has been very accurate except nobody calculated China & India buying Russian oil at a discount along with unloading the SPR. So his summer peak price of $130 didn’t happen.
No, it was pointing out how he was way off with that take
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