ONE “HEADLINE” I READ THIS MORNING TALKS ABOUT HOW MORTGAGE REFINANCING SURGES SOMETHING LIKE 35% AS INTEREST RATES FELL AGAIN…..
IT STRIKES ME THAT THIS ISN’T A GOOD SIGN FOR THE ECONOMY…
I’LL GRANT YOU THAT IT WAS LIKELY A NET POSITIVE FOR THE PEOPLE WHO REFINANCED AT LOWER RATES-GIVING THEM MORE LIQUIDITY IN THEIR DAY TO DAY CASH FLOW BUT….
I ALSO READ THAT AS….
A WHOLE LOT OF DESPERATE PEOPLE IN NEED OF MORE CASH FLOW TO KEEP THEIR RENT CYCLE AFLOAT ARE RACING IN TO GET ANY LITTLE BIT OF RELIEF THEY CAN SO THEY DON’T DEFAULT ON THEIR DEBT…. LIKELY MANY OF WHICH WILL BE LULLED INTO BELIEVING THEY CAN SPEND MORE BEING THEIR MEANS AND WILL SOON WAKE UP AND FIND THEMSELVES IN THE SAME SITUATION…
ALL I CAN THINK IS….
BITCOIN AND MOO….
CATTLE HEADING TO SLAUGHTER :(
TheCommoner / The Commoner
npub1m2…f4rxh
2024-08-14 12:00:21
Author Public Key
npub1m26g0pdzj3rj3lzef3dzfc30u92je7jkvqak2shsugxe0w3a5pvsrf4rxhPublished at
2024-08-14 12:00:21Event JSON
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"content": "ONE “HEADLINE” I READ THIS MORNING TALKS ABOUT HOW MORTGAGE REFINANCING SURGES SOMETHING LIKE 35% AS INTEREST RATES FELL AGAIN…..\n\nIT STRIKES ME THAT THIS ISN’T A GOOD SIGN FOR THE ECONOMY…\n\nI’LL GRANT YOU THAT IT WAS LIKELY A NET POSITIVE FOR THE PEOPLE WHO REFINANCED AT LOWER RATES-GIVING THEM MORE LIQUIDITY IN THEIR DAY TO DAY CASH FLOW BUT….\n\nI ALSO READ THAT AS….\n\nA WHOLE LOT OF DESPERATE PEOPLE IN NEED OF MORE CASH FLOW TO KEEP THEIR RENT CYCLE AFLOAT ARE RACING IN TO GET ANY LITTLE BIT OF RELIEF THEY CAN SO THEY DON’T DEFAULT ON THEIR DEBT…. LIKELY MANY OF WHICH WILL BE LULLED INTO BELIEVING THEY CAN SPEND MORE BEING THEIR MEANS AND WILL SOON WAKE UP AND FIND THEMSELVES IN THE SAME SITUATION…\n\nALL I CAN THINK IS….\n\nBITCOIN AND MOO….\n\nCATTLE HEADING TO SLAUGHTER :(",
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}