Not much. I see a place at $325k and then they drop it $60k. Still learning the area.
To get from Rio Hondo to Space X would take about an hour.
Got it
As we’ve been detailing @Quillintel
this is a problem of the Fed’s making as @Ivy_Zelman figures YoY shelter inflation won’t peak until this August at best. How does the Fed lie in its QT bed?
cc @rcwhalen
@SoberLook
@MorganStanley https://twitter.com/DiMartinoBooth/status/1538880754016468992/photo/1
How long before it gets back to 2%? I believe it was not until the 4th year of the reagan admin before we got inflation under control. So we have 6 yrs to go?
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Really hard to say. Recessionary evidence is becoming more common
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Crypto losses only 10% of US stock losses —
https://twitter.com/HayekAndKeynes/status/1539229149809762304
Interesting chart, especially looking at year end results compared to 1st 116 days. In almost a 1/3 of the bad starts, it ended up neutral or positive…and in almost 2/3 of them the rest of the year was positive.
Would be kinda cool if this year would take away the ‘almost’ part of that.
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Super-Investor Ray Dalio—
The Fed is trying to fight a war they can’t win. Unless causing a global recession is winning.
Oil and Food are the biggest drivers of this inflation . The Fed can’t control those two items.
“The Fed is paying rising rates of interest on bank reserves and reverse repurchase transactions while its balance sheet is stuffed with low-yielding long-term fixed rate securities. In short, the Fed’s income dynamics resemble those of a typical 1980s savings and loan.”
It is the first time in history where Fed is running an operating loss. If they marked to market its investment holdings, by bank standards and accounting it would have negative equity.
“I think the stock market is a relief effort…the bond market is now pricing in a much higher risk of a recession,” says @elerianm. “The key issue is that once again it is the bond market that is leading the Fed, and not the Fed that is leading the market.” https://twitter.com/SquawkCNBC/status/1540299429688889348/video/1
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World Dollar Liquidity is contracting at a record -21% annualized rate.
WDL = Monetary Base + Foreign CB Holdings of Securities Held at the Fed https://twitter.com/EPBResearch/status/1540396701978181632/photo/1
LatAm tightening…
https://twitter.com/elerianm/status/1540838615445639168
I found this informative and alarming
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Great explanation of the used car market. All the stuff I didn’t know. Gonna be some great deals for people who wait. Surprised me that so many repos aren’t subprime loans.
I’ve read that new car dealers are trying to get people to order so the dealers can keep less inventory resulting in less carrying charges for cars on the lot.
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The Fed has just started QT. The real estate bubble hasn’t fully popped. If that video about used cars tells you anything, more troubles to come
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