Economic News

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Calheel said:
Re No. 3, the first wouldn't know about the second and the second likely only knew about the first if she disclosed it. The lenders typically just run the credit reports and mortgages in progress likely would not show up on the report (and hard credit inquiries would simply look like she was shopping lenders).

As for your last sentence, I assume you are happy with the NY appellate ruling on Trump -- if the lenders don't care, then neither do I?
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I thought mortgages in progress DO show up on credit reports. It really wouldn't make sense for them not to.

There is a huge difference between the Trump situation -- bespoke finance, complex individually negotiated deals, etc., big money -- and someone buying a small apartment through a standard process.

I would see this issue more like Mark Meadows voting in two different places. It looks particularly bad because of the hypocrisy, but ultimately I don't really care. It isn't remotely like the attempted coup.
 
altmin said:
It will be interesting to see what the Wegmans and the Harris Teeters of the world report in sales. Though i guess HT gets buried in Kroger's data now.
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Why would Wegman’s report? It’s privately own, right?

Based on traffic in the Chapel Hill store, they’re doing fine.
 
Market goes nuts on suggestion of a 0.25 rate cut but ignores the rising inflation and concerning job numbers. We’re in the upside down. Apparently, what’s bad for society is good for corporations. I’m sure this’ll end well.
 
Healing said:
Market goes nuts on suggestion of a 0.25 rate cut but ignores the rising inflation and concerning job numbers. We’re in the upside down. Apparently, what’s bad for society is good for corporations. I’m sure this’ll end well.
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The market has been warped by buy-the-dip day trader/sports gambling mentality, I think. Almost every stock is just a meme stock to a growing number of stock gamblers.
 


“…Mr. Trump issued his latest threat, which would most likely face severe legal obstacles, two days after Bill Pulte, the federal housing director, accused Ms. Cook of falsifying records to obtain favorable loan terms. Mr. Pulte referred the matter to the Justice Department, a representative of which said the case “requires further examination.”

While the two men have criticized Ms. Cook for her actions, and Mr. Pulte has insisted his primary goal is to root out fraud, they have each done so in the context of an expanding campaign to oust officials on the Fed’s Board of Governors, including its chair, Jerome H. Powell….

Mr. Trump and his aides have raised similar investigations of mortgage fraud against his other political rivals, including Senator Adam B. Schiff of California, who led congressional inquiries into Mr. Trump during his first term, and Letitia James, the New York attorney general, who won a civil fraud trial against Mr. Trump before he returned to office.“
 
Healing said:
Market goes nuts on suggestion of a 0.25 rate cut but ignores the rising inflation and concerning job numbers. We’re in the upside down. Apparently, what’s bad for society is good for corporations. I’m sure this’ll end well.
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I'm guessing Alan Greenspan is smiling

Alan is thinking I'm so happy the Fed is moving now to my easy money policy ( which led to the tech bubble in 2001 and the great recession in 2008 )

So we are going to ride a short term market rocket. I just hope we don't crash and burn.
 
heelinhell said:
I'm guessing Alan Greenspan is smiling

Alan is thinking I'm so happy the Fed is moving now to my easy money policy ( which led to the tech bubble in 2001 and the great recession in 2008 )
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2008 wasn't about easy money, it was about incompetent management of financial institutions. Still Greenies fault but for slightly different reasons.
 
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