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Scotty 5 Times
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my guess:

Fed just cut rates

Bond investors are actually demanding higher yields

Home prices are already falling

If Fed reverses & raises rates next oportunity to be in line with market demand, that pushes housing lower likely....(since buyers can't afford higher borrowing rates)

MBS are a huge part of balance sheets....underpinning much of the credit bubble

If home prices tank (Case Schiller) , Fed forced to monetize debt, lower rates, rinse repeat

US increasingly showing failing state debt monetization is seemingly inevitable

Strong Disagree

Stay outta the cities....as always

countryside is beautiful

GFY & GM 🫡

"The sun is seen to pour down and expend itself in all directions, yet is never exhausted. For this downpouring is but a self-extension; sunbeams, in fact, derive their very name from a word signifying 'to be extended'. To understand the property of a sunbeam, watch the light as it streams into a darkened room through a narrow chink. It prolongs itself forward in a straight line, until it is held up by encountering some solid body which blocks its passage to the air beyond; and then it remains at rest there, without slipping off or falling away. The emission, and the diffusion, of thought should be the counterpart of this: not exhausting, but simply extending itself; not dashing violently or furiously against the obstacles it encounters, nor yet falling away in despair; but holding its ground and lighting up that upon which it rests.

Failure to transmit it is mere self-deprivation of light."

-The Meditations of Marcus Aurelius

Peak Clownworld 🤡🌍

Dutch Farmers have a Manure Surplus because the European Commision in Brussels (i.e. some jabronies in a completely different country) told them they don't have "permission" to dump the shit from their own cows onto their own land

I mean wtf are we doing guys? seriously

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#EU #Farmers #clownworld

You love to see it 👇

2032 is sooner than Never

Check out his Santa Fe store/movie theatre...

pretty cool