The Wall Street Bull is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020.7:40 am: Mortgage demand from homebuyers jumps 18%
Mortgage applications to purchase a home rose a stunning 18% from a year ago, the Mortgage Bankers Association said Wednesday. The rate was up 5% for the week. Homebuyers are flooding the market as they try to snatch up what few homes there are for sale. "The pent-up demand from homebuyers returning to the market continues to support a recovery from the weekly declines observed earlier this spring," said Joel Kan, an MBA economist.
The markets are no longer free. It’s a gamed system; manipulated via govt coercive power over people’s property; dictating currency; markets; banking; shelling out fed and legislative favors.....it’s all a lie, and the cause of the bifurcation of wealth and mass poverty you see
Sorry rioters.....
Here’s the govt game: How do we artificially prop assets, without inflating the currency, while keeping the masses with enough money not to revolt?
more smoke up my ass
The bubble is so grand. Look at it float skywards. Govt economic interference is Icarus, as you are discovering, and will continue to do so.
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Source: Forbes - 🏆 394. / 53 Read more »
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