CPI and jobs numbers drive much of how people deal with the economy. Zillow projects OER at 2.2% and RPR at 1.1% (by 11/26) Zillowing projects Oer at 2.

The Bureau of Labor Statistics explained today in its CPI report for November that most data for October was missing and some data for November was missing, and that it filled in the gaps in the November data. ICE reported that active foreclosures are still very low but have increased recently. Traders/gamblers are more sensitive to what is coming than most “Safe” people. They are discovering that its very difficult and/or expensive to move to the “nice countries” Partisan takes are really low value / effort and are naive. No need to get into politics as it is naive. This is not normal times we live in, but this is backed by a genuine productivity shift justifying higher multiples. CPI and jobs numbers drive much of how people deal with the economy. The September number was a complete and total outlier. Zillow projects OER at 2.2% and RPR at 1.1% (by 11/26), which would be supportive of 2% overall CPI. 99% of inflation reporting/discussions are based upon 12 month (YOY) figures. US sanctions against Venezuela have already exacted a deadly toll on Venezuelas economy. Sanctions reduced the publics caloric intake, increased disease and mortality (for both adults and infants), and displaced millions of Venezuelans who fled the country as a result of the worsening economic depression. Mortgage Refinance Retention Hits Multi-Year High as Falling Rates Spur Activity Among Recently Originated Loans. Rate-and-term refinances accounted for 62% of all refinance activity in October, the highest share in nearly five years. The housing market in lock down is the end result of the Government and Federal Reserve policy manipulating the natural interest rates and money markets. Most Americans live the reality of a beneficial capitalism. AI generated comments on a free finance blog suggest that the Fed has an alternative agenda. Wolf Richter says falling prices will affect municipal governments and their budgets. Nothing in this country will be fixed without a privatisation scheme attached to it. French ICC judge censored and debanked. Private equity general partners sell assets to themselves at a record rate. They extract 20% of the profits in cash on the way. I refuse to be an ass kissing yes man, and I no longer have the patience for corporate or individual stupidity, which runs rampant in so many companies today. I find this the ultimate expression of an individual laborer, merely selling as much of his labors as available. The FBI all of a sudden managed to find the bomber, a young black man who is very much on the spectrum. Florida condo decline is heavily driven by the recent past major hits from hurricanes. Big increases in HOA fees at many properties, partly driven by spiking insurance costs in natural disaster zones. Police are increasingly trained in “warrior” models that emphasize threat dominance, officer survival, and rapid escalation. De-escalation and civic engagement are subordinated to tactical control. Peak Oil has arrived in the US without fanfare whatsoever, which sets up oil for a major bull run. Peak Oil is set to join gold and silvers massive bull runs. The AI bubble based on massive future build-out plans seems to be running into a wall of electrical reality. The yen carry trade has long thrived and helped drive up asset prices in the US, and drive down US Treasury yields. Despite Japans huge debt, not all that much is in private hands. When the carry trade suddenly unwinds it can have a substantial but short-lived global impact. An AI-driven crisis could move across borders quickly, says VoxEU experts. The issue is not AI itself, but how both firms and individuals choose to develop and use it. A lot of capital going to facilitize/support a lot of AI users the vast majority are not paying for the services they use, as if it were wiki or google maps. AI hyperscalers/acce;erators are soaking up lots of venture capital.