1
MBA: Mortgage Purchase Applications up 13% YoY
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 5.6 percent from one week earlier,
according to data from the Mortgage Bankers Association’s (MBA) Weekly
Mortgage Applications Survey for the week ending April 5, 2019.
... The Refinance Index decreased 11 percent from the previous week. *The
seasonally adjusted Purchase Index increased 1 percent from one week
earlier.* The unadjusted Purchase Index increased 1 percent compared with
the previous week and was *13 percent higher than the same week one year
ago*.
...
“Mortgage rate... more »
T he inland empire is a zombi.
2
No Longer an Outsider, Sanders Is Using the Senate as His Launching Pad
Senator Bernie Sanders will reintroduce his Medicare for All Act on
Wednesday. Only this time, he is a Senate insider, and a member of the
Democratic leadership.
Good Luck!
3
Don’t Confuse Capitalism With Industrialization
There is a very bad habit among modern triumphalists, the types who go on
and on about how great the current world is, to confuse capitalism and
industrialization. Capitalism is part of how many nations industrialized,
but industrialization is where the majority of the gains come from. When
you replace human labor with machines run […]
True.
https://en.wikipedia.org/wiki/Mikhail_Kalashnikov
https://en.wikipedia.org/wiki/AK-47
4
On Politics: The U.S. Is Not as ‘Full’ as Trump Thinks
NYT > Politics - 2 hours ago
An aging population and a declining birthrate among the native-born
population mean a shrinking work force in many areas of the United States.
Imperial fear.
Trump controls the "Black Helicopters".
5
Fan’s Video, Shared by Trump, Plays to Base’s Sense of Grievance
The video, which was later removed from Twitter over a copyright
infringement complaint, seemed aimed squarely at the voters who put Mr.
Trump in office.
Racist and Imperialist; Trump has not yet claimed conquest and installed governors.
Copyright has unintended uses.
The internet is a common carrier.
6
Barr Says He’ll Release Mueller Report ‘Within a Week’ as He Defends His Handling of It
Democrats accused the attorney general of withholding information by
writing a four-page letter laying out the main findings of a nearly
400-page report.
Barr has no right to edit the report.
7
Mick Mulvaney Tries Letting Trump Be Trump
For the first time since taking office, Mr. Trump has a chief of staff who
has made it his job to encourage rather than restrain the president’s
conservative instincts.
It is called autocracy.
https://en.wikipedia.org/wiki/Autocracy
8
Egypt’s President, Hoping to Be Allowed to Stay in Office Until 2034, Basks in Trump’s Embrace
Asked about the proposed changes to Egypt’s Constitution that would let his
counterpart stay in office, President Trump professed not to know anything
about them, but declared “he’s doing a great job.”
The U.S. has bought the Egyptian regime.
9
Pompeo Refuses to Say What U.S. Would Do if Israel Annexes West Bank
Secretary of State Mike Pompeo’s silence on a potential Israeli move to
annex the West Bank was a break with previous administrations.
Trump approves of conquest and empire.
10
Trump’s Fed Picks Embrace ‘Reality Show’ Nominee Role
Herman Cain and Stephen Moore have eschewed the traditional silence for
such picks, providing nearly daily commentary. But the Senate may not like
what it’s hearing.
The Federal Reserve Bank is supposed to be without politics.
11
Trump’s Campaign Video Shows Re-Election Is Aimed Squarely at His Base
A video released by President Trump played to voters’ sense of grievance
against an elitist culture that looks down on them while he serves as their
champion.
Racism pure and simple.
12
Wednesday: CPI, FOMC Minutes
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the
results for the *mortgage purchase applications index*.
• At 8:30 AM, The *Consumer Price Index for March* from the BLS. The
consensus is for 0.3% increase in CPI, and a 0.2% increase in core CPI.
• At 2:00 PM, *FOMC Minutes*, Meeting of March 19-20, 2019
These are bankers.
https://en.wikipedia.org/wiki/Federal_Reserve
13
Divided House Democrats Delay Budget Vote as Ideological Gap Widens
Facing opposition from both the Democratic Party’s liberal wing and fiscal
hawks, House Democrats delayed voting on a budget measure that would
increase spending.
Democrats in name only (DINOs) exist.
"Drinking the CoolAid"
14
Justice Dept. Watchdog’s Review of Russia Inquiry Is Nearly Done, Barr Says
The inspector general is examining how the F.B.I. and Justice Department
obtained a secret court order for surveillance of a former Trump campaign
adviser.
The investigation was proper.
15
Trump Administration to Push for Tougher Asylum Rules
President Trump denied he would bring back his policy of separating migrant
families, but officials said they want to make asylum much harder to get.
More pain. They are still coming.
Trump is seeking racial purity.
He would not like the result.
16
Bernie Sanders, Now a Millionaire, Pledges to Release Tax Returns by Monday
“I wrote a best-selling book,” Mr. Sanders said in an interview. “If you
write a best-selling book, you can be a millionaire, too.”
Yes.
17
‘Dr. Seuss’s Garden’ Yields a Deep-Sea Discovery, but It Already Faces Threats
Researchers said Tuesday they had found two new species of coral in
undersea canyons off New England, an area where ocean temperatures are
expected to increase sharply because of global warming.
Trawling is more destructive.
18
Fact Check of the Day: Fact-Checking Trump’s Family Separation Claim about Obama’s Policy
Even as he maintained that the policy is effective, President Trump
inaccurately said his administration’s practice of separating families on
the border should be pinned on his predecessor.
Lying is ingrained inTrump.
19
News Analysis: In Trump, Netanyahu Sees an Ally Who Helps Him Push the Envelope
Extinguish the dream of a viable Palestinian state.||
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