Grateful American @Gr8fulAmerican
Full time AZ Real Estate Broker. Retired Fire Captain, husband, father, proud papa. Opendoor alumni. Joined January 2009-
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“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” — Thomas Sowell
What does the Fed do when inflation is rising but the economy is weakening? If you cut rates, inflation will skyrocket. If you raise rates, economy crashes. Not exactly the definition of a "soft landing." Follow us @KobeissiLetter for real time analysis as this develops.
For those who do not understand what just happened: First, Q1 2024 GDP growth slowed to just 1.6% which is less than HALF of the 3.4% Q4 2023 number. This reading is roughly 50% BELOW Goldman Sach's expectations. But it gets even worse. At the same time, the US Core PCE Price…
🚩Recent seller sentiment suggests that most recent sellers (79%) wish they had listed their home sooner🚩 Many of us housing bears pointed out multiple times in the last 18 months what a uniquely Goldilocks market it was for home sellers First mover advantage is over:
Sticking my neck out here with a prediction Housing unaffordability is out-of-control & unsustainable. I think price/income ratios will ultimately mean revert. What will cause housing to reprice? Higher unemployment. Sooner or later we'll get it. And that will crack housing.
Sticking my neck out here with a prediction Housing unaffordability is out-of-control & unsustainable. I think price/income ratios will ultimately mean revert. What will cause housing to reprice? Higher unemployment. Sooner or later we'll get it. And that will crack housing.
CEO of the USA.....
This is a great thread explaining the complexities in today's real estate market. #RealEstate
This is a great thread explaining the complexities in today's real estate market. #RealEstate
BREAKING REPORT: ⚠️ Arizona Governor Katie Hobbs Vetoes Bipartisan Bill to COMBAT SQUATTING and Strengthen Homeowner Property Rights... PAYING ATTENTION NOW..
Interest on US Federal debt is out of control: The annual interest expense on US debt is literally moving in a straight line higher, now at $1.1 TRILLION. To put this in perspective, less than 3 years ago the annual interest expense on this debt was $450 billion. That's a 144%…
The federal government has added $11 trillion in debt over just four years. That's $84,000 for every household in the country. In comparison, it took 220 years (1789 to 2009) for the debt to reach $11 trillion. This problem requires serious leadership, but most of Washington…
This looks pretty close to what the democrats did with the main stream media and social media companies since 2020. Thank God that @elonmusk bought twitter. I believe that history will show that this move was pivotal in fending off the elimination of the First Amendment, etc.…
This looks pretty close to what the democrats did with the main stream media and social media companies since 2020. Thank God that @elonmusk bought twitter. I believe that history will show that this move was pivotal in fending off the elimination of the First Amendment, etc.…
Okay, this is old news but the number of homes for sale continues to increase at a time of year it usually falls. To go against seasonality shows a big underlying force despite the small increases. We could see big inventory increases this autumn when seasonality turns upward.
We have to quit funding this nonsense. @SpeakerJohnson it's time to wake the fuck up.
We have to quit funding this nonsense. @SpeakerJohnson it's time to wake the fuck up.
“The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty." -Winston Churchill
ONLY for the highest number of workers since 2009 who’ve been fired this year. For those who’ve only heard about job losses (many don’t hear if they only listen to MSM) it hasn’t hit home yet A request: Be SENSITIVE to what it means to >300k in this boat. They know data are real
ONLY for the highest number of workers since 2009 who’ve been fired this year. For those who’ve only heard about job losses (many don’t hear if they only listen to MSM) it hasn’t hit home yet A request: Be SENSITIVE to what it means to >300k in this boat. They know data are real
Craig Shapiro @ces921s
107 Followers 1K Following Macro Advisor: Bottoms up industry/company fundamental analysis w/ top down macro framework.coco @coco05017646761
2K Followers 3K Following Passionate about life 😄, travel enthusiast 🥂, investor 😍, no left or right, all opinions are my own, no pornography, no personal attacks🍎apple🍎 @MeiLee________
745 Followers 2K Following This world is not only about living, but also poetry and distanceELLA @ohoneloverslol
881 Followers 848 Following To succeed in this world, you have to stay the course: you can't let go until you die.❤❤Lss rwow. lens(🌸, .. @LensLss
522 Followers 2K Following We should use all the energy we can get, so we have a lot of cowsNorthstar @ValerieAra91748
6 Followers 203 Following Military meteorologist. Applying scientific, predictive principles to forecast market movements. Macro economics & trading. A picture paints a thousand words.little fairy @littlefairyqa
20 Followers 927 Following The wind is beautiful and the sun is beautiful, and you are free.Sadieヾ(≧▽≦*)o.. @Anya_Qiao
642 Followers 639 Following You know it's easier to do nothing, but you still choose to chase your dreams Dreams are the engine of life, and hard work is the driving force for progressJan Nieuwenhuiis @JarnGold_
40 Followers 2K Following Gold analyst at Gainesville Coins. I mostly tweet about economics and financial markets.Jason @Jason37027934
0 Followers 85 FollowingBulls N' Bears with M.. @BullsNBearsWA
13K Followers 3K Following We are a unique financial news service covering up-to-the-minute public company news, views & CEO interviews in the mainstream media #ASX #BULLSNBEARSWATracy (𝓒𝓱𝓲) @chigrl____
8 Followers 637 Following CEO/Founder and Chief Market Strategist at Hilltower Resource Advisors LLC. Boutique natural resources research firm. Geopolitics. Host @MicDropMarkets podcastLawrence McDonald Pri.. @Convertbondprv
9K Followers 9K Following l'll discuss mainly about the Price Action analyses of the Stock Market. Exclusively for Elite Traders, Just for a Selected Few. MAIN PAGE: @ConvertbondEsmae Burwood @BurwooEsm
57 Followers 5K Followingliquidatewallstreet �.. @liquidatewallst
1K Followers 7K Following #99vs1 #LiquidateWallStreet they have cheated long enough, dont let them get away this time. We fight on their territory with their weapons. #DRS all sharesAdam Taggart Private .. @menlobearprv
8K Followers 7K Following l'll discuss mainly about the Price Action analyses of the Stock Market. Exclusively for Elite Traders, Just for a Selected Few. MAIN PAGE: @menlobeartsuki @jcmiz13452636
161 Followers 3K Following The fish in spring should also swim back to the spring waterEleanor🍒🍒 @AntonetteDelizo
108 Followers 1K Following Thanks to the loss and sadness in life, we can evolve into a better version of ourselves through each involuntary experience.Simon Allison @Simoflison
890 Followers 4K Following option trader with 1 year trading experience. eager to learn. SPY my favoriteNorthstar @cNorthstarChart
38 Followers 880 Following Military meteorologist. Applying scientific, predictive principles to forecast market movements. Macro economics & trading. A picture paints a thousand words.Dave D @dsqrdman
219 Followers 2K FollowingChing Masiclat @ch_masicl
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137 Followers 3K Following Military meteorologist. Applying scientific, predictive principles to forecast market movements. Macro economics & trading. A picture paints a thousand words.Angie G @MommAngtrades1
3 Followers 1K Following Investors| Trader | Married mom of 3|$TSL l Not in Epstein Blackbook | spelling Bee Qualifier 1992 | I like my water like juror Irving his Earth,FlatMarlena Graap @MGraap33768
77 Followers 5K FollowingGeorgina Dimas @dimas_geor70177
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4K Followers 839 Following Military meteorologist. Applying scientific, predictive principles to forecast market movements. Macro economics & trading. A picture paints a thousand words.Andy Willis @AndyWillo
1K Followers 3K Following Connecting small cap resources to the investor community via @NWRcommsCarlos Alain @CarlosA87219804
3K Followers 8K Following Retired Investment Banker | Entrepreneur | Hedge Fund Manager | Dad | Husband | Politically Unaligned | Secure Funding For Giant Project Owners .Amy Nixon @teaxsrunnerDFW
161 Followers 3K Following DFW Housing & Economic Analyst. As seen on Fox Business. Boston Marathon Qualifier.Dan @dllawrence777
31K Followers 26K Following ✞ =♡ | Faith | Family | Freedom 🇺🇸 | Constitutionalist | 1A | Pure🩸| Pro-Life | Music Producer | Tech | AI | Skol Vikes | Anti-Woke | Pronouns: Told/You/So🫡The Coastal Journal @1CoastalJournal
5K Followers 680 Following TCJ the ultimate source for in-depth economic & financial news. Get the latest analysis on Macro-Econ based on Austrian economic principles from coast to coast.꧁♛𝓑𝓵✯𝓷.. @ayudewisuan
1K Followers 3K Following ⭐️Life must be wasted on beautiful things, and weight must be wasted on delicious food. Hobbies: Sports, yoga, skydiving, skiing, outdoor camping adventures⭐️247_Leverage @247_leverage
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246 Followers 4K Following cypherpunk, cryptographer, privacy/ecash, inventor hashcash (used in Bitcoin mining) PhD Comp Sci https://t.co/J6Z3q7JBby Co-Founder/CEO https://t.co/2LM1S5pBQIAdventurer Carissa @LindaQwl
3K Followers 1K Following God. Single. Outdoor adventurer. Business manager. Loves sun, beach and waves.Gary Black @garyblack0h
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5K Followers 680 Following TCJ the ultimate source for in-depth economic & financial news. Get the latest analysis on Macro-Econ based on Austrian economic principles from coast to coast.Melody Wright @m3_melody
21K Followers 616 Following Strategist, Writer, Technologist, GFC 1 Survivor. Tweets about housing, mortgage finance, commercial real estate, macro and technology. Not investment advice.John Wake @JohnWake
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13K Followers 2K Following Appraiser, housing market analyst, graph maker, blogger, speaker, woodworker wannabe, and family man.MacroEdge @MacroEdgeRes
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79K Followers 166 Following Founder & host of Thoughtful Money Media inquires: [email protected]Lance Lambert @NewsLambert
81K Followers 2K Following @ResidentialClub Co-Founder, Editor-in-Chief. Analyzing the housing market—through a regional lens 🏡 📊 Subscribe to the ResiClub newsletter 👇The Kobeissi Letter @KobeissiLetter
501K Followers 510 Following Official X account for The Kobeissi Letter, an industry leading commentary on the global capital markets. Email us: [email protected]John Downs - Mortgage.. @AdvisorJohn
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5K Followers 3K Following Mr. Positivity votes conservative. *Photo hobbyist.Elon Musk @elonmusk
181.3M Followers 584 Followingzerohedge @zerohedge
1.8M Followers 901 FollowingI don’t care about the war in Ukraine. I don’t care about the war in Gaza. I really just want the USA to stop paying for everything around the world. Until every major USA city looks as amazing as Dubai and is as clean and safe, we should have $0.00 as our foreign aid budget.
And another one. Reminiscent of 1929 era. Many more bank failures to come. *Funny how news is conveniently out on a Friday evening after "market" close.
@RudyHavenstein Jimmy Carter 2.0 is not running the country and everyone with a brain knows it. Blackrock (all up in his administration) is likely the puppetmaster.
When people say that the economy is super strong, please understand… We are running a HISTORIC deficit. 6.2% of GDP. Never seen before outside of WW2, the GFC or Covid. If we weren’t running crisis level deficits and balanced the budget, or even got close, GDP would collapse.
HAPPENING NOW: ⚠️ Massive tornado strikes Lincoln, Nebraska… DEVELOPING..
In one year, spending on debt interest will be the single biggest outlay of the US government.
I’m neither Jewish nor an Expert™️, but it seems to me like the *most* antisemitic thing happening on college campuses right now would be the huge, angry mobs of Hamas supporters cheering on Jew-killing terrorists, chanting their slogans, and menacing/assaulting Jews.
As I wrote on Tuesday, the *most* antisemitic thing happening on college campuses right now is the fact that Republicans have goaded college presidents, who now fear for their jobs, into joining the GOP in using Jews as a political weapon. puck.news/newsletter_con…
Interest on the US debt could approach $2 trillion in 2025 making it the most expensive expense for the government if rates stay at 5%. For more on the inflation crisis: . open.substack.com/pub/coastaljou…
"America Near an Inflation Tipping Point" Our NEW exposé unveils the stark realities of today’s economic crisis. Dive deep with details beyond 📈prices & more that can’t be found anywhere else! Grab your 🍺🍷 & 🍿 b/c you’re going to need it! open.substack.com/pub/coastaljou…
@BartsQuandry Yep. $1.2 Trillion during a total freeze up of the financial system vs $3.6 Trillion for two years into a hot housing market with 0% rates after a very short freeze up. It's an out-of-control abuse of "authority" they didn't have. And they've only let a tiny fraction runoff still
Thanks everyone for engaging on this thread. It's insane that the unelected Fed just spent 3x on residential MBS than it did during the Global Financial Crisis. There was no debate in Congress or oversight of the process. No guardrails or limits to Wall Street frontrunning it. /8
Gray whale cow and calf hugging the #BigSur coast as they migrate to their summer grounds in Alaska. Mother takes the outside lane as added protection against attack by orcas that prey on baby grays.
I love how the VA stopped foreclosures to keep homes off the market before the election and then housing morons are like "look how low foreclosures are!" Bro how would there be any at all with 3% unemployment (likely fake) and 40% inflated prices (very real). These fucking…
9) In the end, it's extremely difficult to make a bullish case for stocks/housing when they're so insanely overvalued relative to the size of the US economy (GDP). In the long-run, it's economic production and incomes which dictate where asset markets go. Indicating that we…
5) The issue for bulls come in just how overvalued housing and stocks are. Home prices need to go down by 32% in order to hit their long-term norms relative to GDP. Stocks need to drop by 55%.
3) Everyone is "bored" with the word bubble at this point. And has come up with 1,000 reasons why this time is different. But really - we know it's not. Home prices won't continue being 159% of GDP. And stocks won't continue being 182% of GDP.
2) The answer is: of course not. In the long-run, perhaps the very long run, the value of assets are a function of the underlying economy. More specifically - they're a function of incomes. So when the growth in asset values significantly outpaces incomes, you get a bubble.
Bowers isn't short of pedigree coming from Georgia and now back to the West Coast. raiders.com/news/brock-bow…
Headline PCE inflation jumped from 2.5% to 2.7% after yesterday's PCE Price Index jumped to 3.7%. Every measure of inflation shows inflation back on the rise. No rate cuts this year could soon be the base case. Follow us @KobeissiLetter for real time analysis as this develops.