1
30 Year Mortgage Rates increase to 4.0%
From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher
to Begin Risky Week
Mortgage rates moved decisively higher this week as the underlying bond
market finally began shifting gears. After the Fed meeting in June, rates
moved to the lowest levels in more than 2 years and had been holding in a
narrow range since then. [*30YR FIXED - 4.0%*]
emphasis added
[image: Mortgage Rates] *Click on graph for larger image.*
This is a graph from Mortgage News Daily (MND) showing 30 year fixed rates
from three sources (MND, MBA, Freddie Mac). Go to MND and you can adjust
t... more »
This is essentially no change.
The Fed is happy with the economy.
2
Pete Buttigieg’s Life in the Closet
And why it took him until he was 33 to come out.
The legal culture is moving away from Abrahamic revelation.
Probably many people intuit that there are enough people.
3
Top Ocasio-Cortez Aide Becomes a Symbol of Democratic Division
From his perch as Alexandria Ocasio-Cortez’s chief of staff, Saikat
Chakrabarti has waged war on fellow Democrats. The party leadership has had
enough.
This is the time for the platform fight.
Primaries have not yet begun.
Speaking truth to power is not safe or comfortable.
4
Pence Defends Conditions at Migrant Detention Centers in Texas
Vice President Mike Pence toured two Border Patrol facilities on Friday,
later saying they were “providing care that every American would be proud
of.”
Selective vision also known as wilful blindness is a requirement in Trump's coalition.
5
Man Attacking ICE Detention Center Is Fatally Shot by the Police
The man was armed with a rifle and throwing “incendiary devices” on
Saturday in Tacoma, Wash., officials said.
Individual efforts will not succeed toward this goal.
Vote.
6
Open Thread
As usual, use this thread to discuss topics not related to recent posts.
Sooner is better for me. As soon as you can is best.
7
Parties Face ‘Crackup’ as Outsiders Wield Social Media Against the Establishment
In the same week that Ross Perot died, the aftershocks of his assault on
the two-party system could be seen in internal quarrels involving President
Trump and Speaker Nancy Pelosi.
News is different from slander and rumor.
Check against the facts.
8
Trump Backs Away From Barriers on Foreign Uranium
The president said he disagreed with a Commerce Department finding that
uranium imports pose a threat to national security.
The longer the U.S. can buy electricty from others the better.
Nuclear reactors will power cities.
A reactor emits no carbon.
A reactor is not a bomb.
The local uranium can stay in the ground.
9
Schedule for Week of July 14, 2019
The key reports this week are June housing starts and retail sales.
For manufacturing, the Industrial Production report and the July New York
and Philly Fed manufacturing surveys will be released.
*----- Monday, July 15th -----*
8:30 AM: The New York Fed *Empire State manufacturing survey* for July. The
consensus is for a reading of 0.5, up from -8.6.
*----- Tuesday, July 16th -----*
[image: Year-over-year change in Retail Sales]8:30 AM: *Retail sales* for
June is scheduled to be released. The consensus is for 0.1% increase in
retail sales.
This graph shows the year-over-year chang... more »
We are not dead yet.
10
One Candidate In, One Candidate Out: This Week in the 2020 Race
Eric Swalwell exits the race as Tom Steyer enters it, the candidates talk
equity at the Essence Festival, and Joe Biden releases his tax returns.
Watch the contest if it pleases you.
11
House Democrats Postpone Mueller Testimony by One Week
Two high-stakes hearings with Robert S. Mueller III, the former special
counsel, that had been scheduled for next week have been moved to July 24.
OK
12
A White House Correspondent Departs the Jaw-Dropping Trump Beat
Choosing a single day that epitomizes the Trump presidency — with it
The clown show continues.
13
New Details on Family Separations Fuel Emotional Hearing
A House committee said Friday that at least 18 infants and toddlers were
separated from their migrant parents, the youngest just 4 months old.
The way to be not guilty is to not do the act.
14
E.P.A. Plans to Curtail the Ability of Communities to Oppose Pollution Permits
The agency is preparing to weaken rules that, for a quarter-century, have
given communities a voice in deciding how much industrial pollution may
legally be released nearby.
The EPA has become the enemy.
It can change again.
15
For 30 Minutes on a Hot Friday Morning, Trump Lashes Out at a Range of Critics
The president’s targets included Bill de Blasio, Paul D. Ryan, the outgoing
British ambassador and the press. But he said that Nancy Pelosi was not a
racist.
Trump is supported by racists.
16
Claims That Obama ‘Yanked’ Citizenship Question From Census Are False
This talking point from supporters of President Trump is wrong in several
ways.
Ok.
17
At the end of last year, I posted Ten Economic Questions for 2019. I
followed up with a brief post on each question. The goal was to provide an
overview of what I expected in 2019 (I don't have a crystal ball, but I
think it helps to outline what I think will happen - and understand - and
change my mind, when the outlook is wrong).
By request, here is a quick Q2 review. I've linked to my posts from the
beginning of the year, with a brief excerpt and a few comments:
10) Question #10 for 2019: Will housing inventory increase or decrease in
2019?
"I expect to see inventory up again ye... more »
I have my doubts.
18
Brazil’s President May Appoint Son, Friend to the Trumps, as Ambassador to U.S.
President Jair Bolsonaro said his son Eduardo’s friendship with President
Trump’s sons would make him an effective envoy. The idea immediately
provoked criticism.
The authoritan league.
19
As Tropical Storm Barry Strengthens, FEMA Is Already Stretched Thin
Three years of brutal disasters mean fewer trained FEMA workers are
available to help victims of Barry -- or whatever storm comes after it.
Barry is inland.
20
House Votes to Extend 9/11 Fund for Lifetimes of First Responders
The House voted Friday on a $10 billion measure that would replenish a
Sept. 11 fund for ailing first responders and extend assistance for the
rest of their lives.
https://www.poemhunter.com/poem/the-ambulance-down-in-the-valley/
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