Anonymous ID: 9067b6 May 23, 2022, 9:16 a.m. No.135646   🗄️.is đź”—kun   >>5694 >>5739 >>5755

Dow up over 600 points as S&P 500 pulls away from bear-market territory

Article begins below this first paragraph

 

Right on cue-cause they are controlled-they WANT to crash this at every single opportunity but since they can't they have send it up-$2T every night sez they are forced to do that.You don't think they would have dumped this so they could buy it back cheap to start this again.?Blowing it up to the upside by continuing the printing game.In 2008 all it took was a Reverse Repo of $10B to trigger the 2008 event and those started on Sept 2nd 2008 so you gotta ask yerself if $2T a night doesn't 'trigger it" they are under control and being forced to shove this thing higher so it breaks and you are seeing the results of what they do every single day via the NYFRB Operations.TOTALLY controlled..if this was gonna crash it would have already habbened.

 

U.S. stocks were sharply higher early Monday, bouncing after the longest stretch of weekly losses for the Dow Jones Industrial Average since 1932 and following a temporary dip by the S&P 500 into bear-market territory at the end of last week. The gains were credited in part by some analysts to comments made by President Joe Biden about a reconsideration of China tariffs. The Dow Jones Industrial Average on Friday saw its eighth straight weekly decline, marking its longest losing streak since April 1932**, according to Dow Jones Market Data. The S&P 500 and Nasdaq Composite each suffered seven straight weekly losses, their longest losing stretch since March 2001. nvestors appeared ready to buy a market beaten down by weeks of selling. That was despite reports of surging COVID cases in Beijing. where officials extended an order for students and workers to stay home and will carry out more mass testing in the nation’s second-largest city. Analysts attributed equity index futures gains to comments by President Joe Biden, who said China tariffs imposed during the Trump administration were under consideration and would be discussed with Treasury Secretary Janet Yellen upon his return to the U.S. Biden also said the U.S. would defend Taiwan from aggression by China, though White House officials later said there had been no change to U.S. policy. Washington has long pursued a policy of strategic ambiguity around Taiwan. The S&P 500 on Friday traded below 3,837.25, the level that marks a 20% pullback from its Jan. 3 record close. A finish below that level would confirm a bear market for the large-cap benchmark. Appetite for risk was weighing on the dollar. The ICE Dollar Index DXY, which measures the greenback against a basket of major currencies, dropped 0.9%. Oil prices CL00 CL flipped between small gains and losses, with the U.S. up 0.1% near $110.40. a barrel. Gold prices GC00 rose 0.5% as the dollar pulled back. The yield on the 10-year BX:TMUBMUSD10Y note was up 6 basis points to 2.85%. Markets go up and yields follow as those are priced in to attract money from the markets so they rise when out mkts rise (historially speaking because we've seen them do some crazy shit like yields dropping as our markets rise -and that NOT natural)

https://www.marketwatch.com/story/u-s-stock-futures-rise-after-biden-hints-that-china-tariffs-could-be-reconsidered-11653295741

Anonymous ID: 9067b6 May 23, 2022, 9:20 a.m. No.135649   🗄️.is đź”—kun   >>5739 >>5755

Starbucks is exiting Russia, following McDonald's lead

 

Starbucks is pulling out of Russia and closing its 130 stores in the country, the chain announced on Monday. It opened its first Russian location in 2007. "Starbucks has made the decision to exit and no longer have a brand presence in the market," the company told Insider in a statement. "We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks." The licensed stores were run by a franchise operator group based out of Kuwait, the Alshaya Group, and not under the direct control of Starbucks. Former CEO Kevin Johnson previously suspended all business in Russia on March 8 following Russia's invasion of Ukraine. Before closing the stores, he pledged to donate any royalties from Russian business to relief efforts in Ukraine. Russian stores are a relatively minor part of Starbucks' global business, making up less than 1% of annual revenue globally.

https://www.businessinsider.com/starbucks-is-leaving-russia-after-mcdonalds-2022-5

Anonymous ID: 9067b6 May 23, 2022, 9:34 a.m. No.135652   🗄️.is đź”—kun   >>5653 >>5739 >>5755

Norwegian AF RAVEN 13 Falcon 20 EW ISR out of Oslo Int'l Airport doing ISR patterns on the southern coast

Watching/looking for doze 'bad' Russian Navy Boats that come out of St. Petersburg and are funneled through the area just to the south of the AC as they make way to the Atlantic-that is it's operational altitude 41K ft

 

EW=Electronic Warfare

ISR= Intelligence Surveillance Reconnaisance

Anonymous ID: 9067b6 May 23, 2022, 9:50 a.m. No.135657   🗄️.is đź”—kun   >>5704 >>5739 >>5755

PAT63 US Army G5 departed JBA ne across the pond

This spends most of it's time over CONUS as FORGE63 and it's last visible flight was on 0511 and the SAM911/PAT44 flights were the next day (but the SAMs were ongoing prior to that) so we may be seeing another PAT flight to Stansted obviously early in it's flight path but we had the PAT44 go to Stansted right around the same time the obvious fuggery with the SAM911 ACssee linky belowand we should be getting close to a decision on the JA 'extradition' from the UK home secretary (Priti Patel) as they said that was coming in May and we only have 9 days left in this month-counting today.

>>135005 pf thread SAM911 a tale of same call sign for two different ACs at same locations on different days except one important one thatPAT44also spent a day/overnight at-Stansted

Anonymous ID: 9067b6 May 23, 2022, 9:56 a.m. No.135659   🗄️.is đź”—kun   >>5694 >>5739 >>5755

JPMorgan shares jump after outlook raised

 

pulling out all the stops today-the Morgue 'upgrades it's interest income because why not?

 

JPMorgan Chase & Co. shares climbed more than 5% on Monday after the mega bank lifted its forecast for interest income for the year in a presentation to investors. The nation's largest lender now expects $56 billion in net interest income excluding markets in 2022, after saying in January that it expected the figure to be $50 billion. The new outlook assumes the Federal Reserve raises short-term interest rates up to 3% by the end of the year, and the bank anticipates "high single-digit loan growth" with credit card revolving balances approaching pre-pandemic levels. "The U.S. economy remains fundamentally strong, despite recent mixed data," the firm said in its analysis, adding that "recent developments have increased the risk of a future adverse outcome."

 

and here is the Money quote "JPMorgan said that net charge-offs for bad loans are at historic lows, but that it expects "charge-offs to return to pre-pandemic levels over time."

All contained and we have a handle on this.....'

>>135388 More Subprime Borrowers Are Missing Loan Payments

https://www.foxbusiness.com/markets/jpmorgan-shares-jump-after-outlook-raised

Anonymous ID: 9067b6 May 23, 2022, 10:28 a.m. No.135671   🗄️.is đź”—kun   >>5739 >>5755

RCH3222 USAF C-17 Globemaster departed Yokota AB with another load back to JBA-Stop at Elmendorf for a refuel

 

Potato's Schedule for May 23rd-they don't need all the equipment they had in Seoul while they are in Tokyo because the meetings are contained within Kantei Palace-Japan's WH see cap #3

https://factba.se/biden/calendar

Anonymous ID: 9067b6 May 23, 2022, 10:42 a.m. No.135674   🗄️.is đź”—kun   >>5684 >>5739 >>5755

They said Polish President Duda went to Kyiv yesterday (BWHAHAHAHAHAHA-try harder you amateurs!!)-Here is his AC leaving Zurich right now

Yesterday it left Warsaw and went to Rzesow Airprot and then back to Warsaw-Chopin Int'l whee it left for Zurich earlier today

See Cap#2 for yesterday's 'flight to ~~Kyiv~~ Rzesow Airport Poland

 

Duda lends support in Kyiv as Zelensky promises reciprocal rights for Poles in Ukraine

Polish President Andrzej Duda, speaking in Kyiv on Sunday (22 May), underscored his nation’s key support for embattled Ukraine as Russian forces pursued a relentless bombardment of frontline cities in the east. Kyiv, meanwhile, continued a diplomatic counteroffensive, targeting the world’s business and political elite gathering in the Swiss mountain resort of Davos, as Western nations continued to rally behind Ukraine’s defence. Ukrainian President Volodymyr Zelenskyy is set to address the World Economic Forum via videoconference on Monday. In another development, Russia’s lead negotiator in peace talks with Ukraine said Sunday that Moscow was willing to resume negotiations, but that the decision remained with Kyiv. “Freezing talks was entirely Ukraine’s initiative,” Vladimir Medinsky told Belarusian TV, adding that the “ball is completely in their court”. He spoke a day after Zelenskyy said the war “will only definitively end through diplomacy”.

https://www.euractiv.com/section/global-europe/news/duda-lends-support-in-kyiv-as-zelensky-promises-reciprocal-rights-for-poles-in-ukraine/

Anonymous ID: 9067b6 May 23, 2022, 11:39 a.m. No.135682   🗄️.is đź”—kun   >>5739 >>5755

RCAF CFC1 Challenger CL60 departed Ottawa to Kamloops, British Columbia and CFC3705 Cl60 also heading dat way too from Toronto-Pearson Int'l

 

PM Justin Castro and Marc Miller-Minister of Crown-Indigenous Relations heading for a pandering session in BC

 

Trudeau visiting Kamloops for memorial of 215 former residential school children

https://infotel.ca/newsitem/trudeau-visiting-kamloops-for-memorial-of-215-former-residential-school-children/it90841

 

Kamloops, British Columbia 6:00 p.m. The Prime Minister will meet with Tk’emlúps te Secwépemc Kúkpi7 (Chief) Rosanne Casimir and Council members and attend the Tk’emlúps te Secwépemc Le Estcwicwey (The Missing) memorial. A brief media availability will follow.

https://pm.gc.ca/en/news/itineraries/2022/05/22/prime-ministers-itinerary-monday-may-23-2022

Anonymous ID: 9067b6 May 23, 2022, 11:55 a.m. No.135685   🗄️.is đź”—kun   >>5739 >>5755

Former Fed Chair Bernanke says inflation today isn't 'anywhere near' 1970s price spike

 

Bernanke: Fed will successfully bring inflation down. The U.S. economy is facing the worst inflation spike in a generation, but former Federal Reserve Chairman Ben Bernanke said Monday the price spike is not "anywhere near" what Americans experienced in the 1970s. "There are some – and I say this in a very limited way – similarities like the effects of energy shocks, for example," Bernanke said during a discussion at the Brookings Institution. "Broadly speaking this episode and the 1970s episode are really quite different." Inflation is near a four-decade high, with the price of everyday goods including cars, rent, food, gasoline and health care soaring over the past year. But as unwelcome as the rising prices are for Americans, inflation today is still a long haul away from that of the 1970s. The Labor Department reported this month that consumer prices jumped 8.3% in April on an annual basis, close to a 40-year high but down slightly from the reading recorded in March. By comparison, inflation in the 1970s remained elevated for almost the entire decade, eventually peaking at a high of 14.8% in 1980 as spiking oil prices, rising unemployment and easy monetary policy pushed the consumer price index higher.

 

The high inflation forced Fed policymakers to raise interest rates to nearly 20% that year.

https://www.foxbusiness.com/economy/federal-reserve-chair-bernanke-inflation-today-1970s-price-spike

pic-rel Paul Volker thinks yer FOS-but he ded

Anonymous ID: 9067b6 May 23, 2022, 12:04 p.m. No.135686   🗄️.is đź”—kun   >>5739 >>5755

empty callsign Flauxtus C-32A departing San Jose, Costa Rica after a trip to Ecuador, Panama and Costa Rica that began last week as SAM057

The normal callsign for any FLOTUS is supposed to be EXEC1F-she has not had that for almost all Int'l trips-only has it for CONUS flights

I only recall it being given back to her as she arrived from visitng Japan for the Olympics last year as she arrived at Hickam AFB on way back to JBA and kept it for the Hawaii leg to JBA

 

Jill Biden celebrates new childhood cancer partnership with Costa Rica

https://thehill.com/policy/international/3497610-jill-biden-celebrates-new-childhood-cancer-partnership-with-costa-rica/

>>135408 pb SAM057 USAF C-32 A departed JBA south on 0518-Jill Biden visits Panama on Latin America tour

 

SAM130 USAF G5 south from JBA

Anonymous ID: 9067b6 May 23, 2022, 12:11 p.m. No.135687   🗄️.is đź”—kun   >>5694

United Therapeutics, MannKind gain as FDA approves lung disease therapy

 

Commercial-stage biotech United Therapeutics (NASDAQ:UTHR) and its partner MannKind (MNKD) are trading sharply higher on Monday after the FDA announced the approval of their lung disease therapy Tyvaso DPI. Accordingly, the drug-device combination is authorized to treat pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease to improve exercise ability, the federal agency said.

https://seekingalpha.com/news/3841862-uthr-stock-mnkd-stock-gain-as-fda-approve-lung-disease-therapy

Anonymous ID: 9067b6 May 23, 2022, 12:29 p.m. No.135690   🗄️.is đź”—kun   >>5694

COMEX Ag 'trading' for May 20th, 2022: 37.715K contracts at 5k/ozs per contract 188.57m ozs for w/ input price of $21.70 gives you $4.092B

 

https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458

Anonymous ID: 9067b6 May 23, 2022, 12:35 p.m. No.135691   🗄️.is đź”—kun   >>5694

U.S. Regulator Sees Summer Natural Gas Demand Outpacing Supply, Driving Prices Higher

 

Driven in part by liquefied natural gas (LNG) exports, U.S. demand for natural gas will grow faster than supply this summer, leading to higher prices year/year, the U.S. Federal Energy Regulatory Commission (FERC) said in its 2022 outlook on summer energy markets. Compared with summer 2021 levels, total domestic dry natural gas production is expected to increase 3.4% this summer, while total consumption is projected to rise 4.8%, according to a summer assessment prepared by FERC staff.

 

Due to Mexico’s dependence on pipeline imports from the United States, natural gas transactions in Mexico are typically indexed to U.S. locations such as Henry Hub, Waha or Houston Ship Channel. The higher natural gas prices, alongside projected hotter temperatures and a slight increase in electricity demand, point to higher wholesale electricity prices this summer, according to the agency. FERC pointed to futures at electricity trading hubs showing gains from 77% to 233% versus year-earlier periods. FERC cited Energy Information Administration (EIA) forecasts for U.S. dry natural gas production to reach 96.9 Bcf/d this summer. This comes as exports are expected to drive increases in demand for the fuel in the months ahead, the agency’s assessment found. “The largest increase in natural gas demand is expected to come from an increase in natural gas exports,” FERC staff said in their report to the Commission. Net natural gas exports are on track to rise 29.4% over “relatively elevated summer 2021 levels,” according to the report.

 

FERC staff pointed to increased LNG liquefaction capacity as the primary driver of higher exports, citing EIA projections for LNG exports to average 11.8 Bcf/d from June through September, versus 9.5 Bcf/d in the summer of 2021. Meanwhile, FERC expects electric markets to have enough capacity to cope with higher demand and maintain reliability this summer.

https://www.naturalgasintel.com/u-s-regulator-sees-summer-natural-gas-demand-outpacing-supply-driving-prices-higher/

Anonymous ID: 9067b6 May 23, 2022, 12:44 p.m. No.135692   🗄️.is đź”—kun   >>5694

Russian ruble surges on report some capital controls may ease up

 

The Russian ruble surged on Monday, following a report that the government plans to cut a key foreign exchange limit for exporters. The ruble RUBUSD, +5.85% surged 6.8% against the dollar on Monday, hitting a high of 57.54, and has pared its year-to-date losses to 23%. The ruble has steadily gained traction since its lows during the initial days of country’s invasion of Ukraine. The ruble surged on Friday amid reports that companies in Italy and Spain would bend to Russian President Vladimir Putin’s demand that natural gas is paid for with rubles. Monday’s gains stem from a report in Bloomberg News that exporters would only need to convert 50% of their hard-currency earnings into rubles, instead of 80%. The decision is expected to be announced as soon as this week, Bloomberg reported, citing sources close to the decision.

 

In response to Western sanctions, the Russian government has taken several steps to defend the ruble, including capital controls, and the Kremlin has still managed to amass extensive domestic reserves and record revenue from commodity exports.

 

“Indeed, the Russian economy and financial system avoided a collapse following the imposition of unprecedented and wide-ranging sanctions: the run on banks has swiftly dissipated, the country’s real GDP continued to grow in Q1, unemployment levels remain at multiyear lows, inflation growth is decelerating, and a default on the country’s sovereign debt has been averted to date,” said Andrius Tursa, Central and Eastern Europe adviser at Teneo, in a recent note to clients.

 

But that’s as Tursa said Russia is still headed for economic pain over the long run, with complications for its supply chains and looming technical regression across several industries.

 

“In addition, the departure of nearly four million Russian citizens — particularly IT professionals — since the start of the year, the pullout of hundreds of foreign companies, and the dearth of foreign investment will further weigh on the country’s economic and innovative potential,” he said.

https://www.marketwatch.com/story/russian-ruble-surges-on-report-some-capital-controls-may-ease-up-11653317435

Anonymous ID: 9067b6 May 23, 2022, 1:47 p.m. No.135694   🗄️.is đź”—kun   >>5739 >>5755

Mkt Fag: (((They))) are not gonna crash this because they are being FORCED not to..Janet pushed da button edition

 

Some shit going on: They pushed the 'up' button again just as it 'entered bear market territory'if you need any more proof they are controlled and being forced to do this I don't know what to tell you see >>135646 Dow up over 600 points as S&P 500 pulls away from bear-market territoryAnd TWTR is just not cooperating 37.59-0.70 (-1.83%)TSLA>>135666 check dem fuggen trips as of about 1:10pm est for TSLA price @ $666.xx This had moar to do with anyting else >>135659 JPMorgan shares jump after outlook raised pulling out all the stops today-the Morgue 'upgrades it's interest income because why not?

 

Trading HaltsSame shit different day: Halted 'darling' BGXX continues with "only" 2 today instead of the almost 30 it has over thursday/friday last week. MNKD limit up halt for FA approval >>135687 pb

https://www.nasdaqtrader.com/Trader.aspx?id=TradeHalts

Here is the Short Interest defined as the companies with the largest proportions of outstanding shares currently sold short. https://www.marketwatch.com/tools/screener/short-interest

Top winner/losersDow, NAS, SP500, NASDAQ 100-focus on NAS because it is by FAR the most bloated of all

Top winner/losers-DOW https://markets.businessinsider.com/index/market-movers/dow_jones

Top winner/losers-NAS 100- early on The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank

https://markets.businessinsider.com/index/market-movers/nasdaq_100

Top winner/losers- SP500 https://markets.businessinsider.com/index/market-movers/s&p_500

 

Treasury complexSee Cap #3 for todays action of higher yields because the up button' was pushed. Bonds were battered as stocks jumped with yields up 8bps across the curve (with the short-end outperforming, up around 5bps). 10Y Yields remain below 3.00% but 30Y bounced off it today.

 

FOREX-US$, Ruble, Yen, Pound, EUROSee >>135692 Russian ruble surges on report some capital controls may ease up for Ruble US$ smershed and closed @102.07--1.07 -1.04% Ruble fuggen took off 0.017072 +0.000943 +5.85% while muh ÂĄ gave back (devalued after last night's strength) 127.92+0.04 +0.03% basically a roller coaster of nuffin. They did not do another Currency swap at the NYFRB but those are 'a coming in a big way-prolly later this week. Pound 1.2569 +0.0076 0.61%

 

Metalssee cap#5 for teh 4minutes into NYMEX open 17.78k 'invention' Au+6.50+0.35% '' and Ag got hit HARD when it was over $22-just after the NYMEX opened it lost 0.63 by it's 'print' time of 1:30pm est and currently completely flat. ==17.78k contracts thrown at it at 8:34am est or 88,900,000/ozs created out of thin air. ROCKET SCIENCE. Friday's COMEX #s available here >>135690

 

=Oil/EnergyWTI din't do much today just wandering around-this and Natty gas is/are waiting for the official sanctions on Russian Gas/Oil that are probably not gonna come-they will announce them but there is no way they can live without. WTI closed at (+0.34(+0.31%) and Natty had some news from the FERC on supply 'issues' so that they can drive the price to $9 (+9% today) see: >>135691 U.S. Regulator Sees Summer Natural Gas Demand Outpacing Supply, Driving and Cap#4

1 of 2

Anonymous ID: 9067b6 May 23, 2022, 1:57 p.m. No.135695   🗄️.is đź”—kun   >>5739 >>5755

2 of 2

NYFRB Operations today-the paper game vs 'cash'

A total of$2.073Tin overall transactions today just to get to the next day-nuffin to see here-this Repo is or one day an increase of $54B over friday

 

The first stand-alone Reverse Repo over the $2T level-congratulations Jerry and crew you all must HATE having to do this cause you really want to crash it but you are not being allowed to.

'Third day over the $2T (in total) The MbS and Securities lending amounts down today but those are in the billions-so still above $2T with the record level Reverse

 

Reverse Repossee cap #2 $2.044.T and another record high for this after fridays and $57B moar

https://www.newyorkfed.org/markets/desk-operations/reverse-repo

 

Mortgage backed Securities (MBS)See Cap #3 slowing down a little on the acceptance side $6.448BB submitted vs. $1.728B accepted in two operations-less submitted today by $3.710B but the same exact amount accepted today as FRidayhttps://www.newyorkfed.org/markets/desk-operations/ambs

 

Securities Lending OperationsSee Cap #4 $42.633B submitted and $41.724B accepted-with 2-Year Note CUSIP #91282CEK3 biggest at $4.377B of that-the same as Friday.

This is the game at work here as these were just auctioned on auctioned on May 2 and issued on April 30th, 2022 trash for cash and can't even keep it for ONE month they are so desperate.

https://www.newyorkfed.org/markets/desk-operations/securities-lending

 

Central Bank Liquidity Swap Operationsnone reported today

https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations

https://finance.yahoo.com/quote/%5EIXIC

https://www.marketwatch.com/investing/bond/tmubmusd30y

https://www.marketwatch.com/investing/bond/tmubmusd10y

https://www.investing.com/charts/forex-charts

https://www.kitco.com/charts/livegold.html

https://www.kitco.com/charts/livesilver.html

https://www.livecharts.co.uk/MarketCharts/ngas.php

https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart

https://oilprice.com/Energy/Crude-Oil/OPEC-Cuts-Global-Oil-Demand-Growth-Forecast-Again.html

https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458

https://goldprice.com/gold-silver-ratio/

Anonymous ID: 9067b6 May 23, 2022, 5:57 p.m. No.135709   🗄️.is đź”—kun   >>5711 >>5725 >>5739 >>5755

SAM141 USAF G5 departed MacDill CENTCOM earlier today (arrived yesterday from JBA) and went to MCAS Camp Lejeune, NC for 6 hours then to NW Arkansas Airport-Bentonville, AR (WalMart land) for one hour and east back to JBA

 

I have looked back on this ACs history-I do this occasionally just to see where ACs have been or has gone to when 'news' items break so I can say "well yep we had such and such AC dhere"-most recently on of our SAM ACs was in Buenos Aires the day before a suspected commercial Drug drop habbened at Little Rock AR

''This one connects back to the SAM911 fuggery from the week of May 8th see here >>134986 pb

Both those ACs were reported as C-40Bs and when I ran the HexID on the current AC you see in post (SAM141 from Bentonville, AR) it came back as a C-40B (737) the "B" model has enhanced comms and mobile office space and used by the State dept, WH NSO as opposed to the "C" model which is moar transportation oriented. Cocaine Mitch and crew's flight to ~~Kyiv~~ Rzesow Airport >>135022 pb as well as Nancy's trip used the "C" model >>134490 pb

So now the Hex ID shows that SAM911 in cap #2 of >>134986 pb is this AC (SAM141 G5)

We habs some scrubbing and reassigning going on here because I was originally fooled into thinking that SAM911 had already departed back to JBA (because there were two of the same callsigns) and never 'arrived' and it did NOT have a tail # so the only way I would have known it was a C-40B (at time) was by checking the Hex ID-it is now assigned to this AC that just left Bentonville. From what I see we have some reassigning or ADS-B mislabeled it but since I checked it then I lean towards the former as I would not have been able to uncover the SAM911 fuggery without that HexID

Seems that they have swapped those IDs for that week only at this point. It appears to belong to the G5

Anonymous ID: 9067b6 May 23, 2022, 6:18 p.m. No.135716   🗄️.is đź”—kun   >>5739 >>5755

BofA: "High hurdles to rebalance the existing home market"

 

A few excerpts from a BofA research note: High hurdles to rebalance the existing home market. As the Fed now tries to slow the economy down, housing will be front and center as one of the main interest rate-sensitive sectors.

 

As we have been writing, mortgage rates have spiked this year to around 5.5% creating a record affordability shock. This should lead to a major pullback in home sales and turnover. However, home prices will likely continue to move higher, and we recently revised up our home price appreciation forecast this year to 15%.

 

It is hard to understate how tight the housing market is right now. The key metric to gauge the supply-demand imbalance is existing homes months supply, which is at a historically low level of 2.2 months as of April. As we recently pointed out in Fed throwing shade on hot housing market, months supply has a strong historical inverse relationship with % mom home prices. The record tightness therefore helps explain the record gains in home prices. Looking at the long history, a balanced market is likely closer to 5-7 months. To get from 2 months to 5 months would take some pretty big changes and swings in the existing home market. To assess this, we create a matrix for months supply with varying assumptions for weaker home sales and greater inventories. A combined 20% pullback in existing home sales and 20% increase in inventories, would add slightly over 1 month to months supply, bringing it up to 3.3 months. To get back to 5 months and the minimum threshold for a balanced market, it would take more severe moves in the range of 40% for both.

https://www.calculatedriskblog.com/2022/05/bofa-high-hurdles-to-rebalance-existing.html

 

That this is coming from Bank of ~~America~~ Italy who had CountryWide "placed" there is pretty rich'

Anonymous ID: 9067b6 May 23, 2022, 6:52 p.m. No.135726   🗄️.is đź”—kun   >>5733 >>5739 >>5755

>>135724

Biden's Taiwan comment sparks uncertainty over 'strategic ambiguity'

 

U.S. President Joe Biden's assertion Monday that his government would use military force to defend Taiwan has set off speculation that Washington is reassessing its long-held policy of "strategic ambiguity" on the island. Biden said "yes" when asked in a joint news conference here with Japanese Prime Minister Fumio Kishida whether the U.S. would get involved militarily to defend Taiwan if necessary, adding that "that's the commitment we made." Critics have argued that Biden's explicit refusal to send American troops to Ukraine encouraged Russian aggression and have made comparisons to Beijing's threats to Taiwan.

 

Under the Taiwan Relations Act of 1979, the U.S. sells arms to Taipei to enable it to "maintain a sufficient self-defense capability." But it has not stated whether it would deploy forces to defend the island against invasion a stance known as strategic ambiguity. Washington views this approach deterring China while not supporting Taiwan's unilateral independence -- as helping to maintain a stable regional status quo. Biden has seemed to break with this position before. In an interview last August, the president named Taiwan alongside Japan and South Korea when talking about Washington's commitments to responding to threats. Asked that October whether the U.S. would come to Taiwan's defense if China attacked, Biden replied that "yes, we have a commitment to do that." The president's third comment along these lines, coming against the backdrop of Russia's invasion of Ukraine, is difficult to dismiss as a slip of the tongue. As with Ukraine, the U.S. has no formal obligation to defend Taiwan in the same way it does with Japan, South Korea and NATO members. There are concerns that China may be emboldened if Washington is seen as reluctant to exercise its military power. Japan specifically worries that a weakening of American deterrence could destabilize the Indo-Pacific region, including Japan's environs. The White House rushed to downplay the policy implications of Biden's comment after the news conference. "As the president said, our policy has not changed," an official said in a statement. "He reiterated our One China policy and our commitment to peace and stability across the Taiwan Strait. He also reiterated our commitment under the Taiwan Relations Act to provide Taiwan with the military means to defend itself." Taiwan's Ministry of Foreign Affairs thanked Biden and the U.S. government on Monday for "reaffirming their rock-solid commitment to Taiwan."

https://asia.nikkei.com/Politics/International-relations/Biden-s-Asia-policy/Biden-s-Taiwan-comment-sparks-uncertainty-over-strategic-ambiguity

Anonymous ID: 9067b6 May 23, 2022, 7:28 p.m. No.135730   🗄️.is đź”—kun   >>5739 >>5755

Billionaire Must Stand Trial in Largest US Tax-Evasion Case

 

Billionaire Robert Brockman must stand trial for the largest tax evasion case against an individual in US history despite asserting dementia leaves him incompetent, a judge ruled. US District Judge George C. Hanks Jr. discounted claims that dementia leaves Brockman, 80, unable to help his lawyers defend against a 39-count indictment accusing him of evading taxes on $2 billion of income and other crimes. Brockman’s lawyers argued that his progressive dementia, caused by Alzheimer’s and Parkinson’s disease, has worsened recently. They’ve said they’ll file a new incompetency claim. “The court finds that despite Brockman’s recent health problems, the government has met its burden of establishing that Brockman is competent to stand trial,” Hanks ruled Monday in federal court in Houston. Testing shows Brockman is “exaggerating his symptoms of severe dementia and his cognitive abilities are not as poor as reflected by his cognitive test results,” the judge wrote. “In other words, Brockman is malingering to avoid prosecution.” The judge agreed with prosecutors who claimed that while Brockman has some cognitive impairment, he exaggerated his decline since 2018 as US investigators focused on whether he controlled billions of dollars in a Bermuda charitable trust. They said Brockman functioned at a high level even after his October 2020 indictment. Brockman later stepped down as chief executive of Reynolds & Reynolds, a software company. The Justice Department has investigated Brockman for five years, and the ruling raises questions about its ability to prosecute wealthy tax defendants. Prosecutors said most of the income he failed to pay taxes on came from investments in Vista Equity Partners, founded by billionaire Robert F. Smith.

https://www.bloomberg.com/news/articles/2022-05-24/billionaire-in-record-tax-case-ruled-competent-to-stand-trial

 

When former Governor of Massachusetts Mitt Romney was running against Barack Obama in the 2012 presidential election, three companies controlled by Brockman donated a combined $1 million to the conservative super PAC Restore Our Future, a way to circumvent contribution limits outlined by the FEC.

https://www.distractify.com/p/robert-brockman-political-affiliation

Anonymous ID: 9067b6 May 23, 2022, 7:40 p.m. No.135735   🗄️.is đź”—kun   >>5739 >>5755

>>135107 pb

RSAF HZ101 737 departed JBA and went to MacDill AFB earlier today for about 5 hours then ne-will stop at Shannon for a refuel

THis is MbS' AC

It departed Jeddah on 0516-stopped at Riyadh for 2h 45 minutes then to Shannon, Ireland for a refuel and arrived at JBA on 0517 where it has been since today.