As our relative walked through what had been her family home, she began to cry as she recorded the destruction. Her place was one of the thousands burned down a year ago in the Palisades Fire in Los Angeles. Other relatives living in Altadena had to flee the Eaton Fire at about the same time, although their home was not damaged. Likewise, the childhood home of my wife’s cousins was also consumed in that same fire.

Trump has abandoned the 50-year mortgage scheme, after most people figured out it mostly helps bankers at the expense of ordinary people. 

In the Powell v Trump feud, the world’s central bankers support Powell. This is not surprising since central banks coordinate policy to benefit the global banker class. 

President Trump on Thursday announced that he will use Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to buy up mortgage-backed securities (MBSs), essentially creating a new kind of quantitative easing designed to artificially increase liquidity for mortgages in the United States. 

Rising yields (highest since 1999) could force Japan to sell US Treasurys to service its own debt. This would then fuel higher interest rates for US debt as well. 

“They are part of a group from several allied countries. Together, they will prepare for upcoming elements within the framework of the Danish exercise Operation Arctic Endurance.”

Fannie Mae and Freddie Mac (also known as “GSEs”) have released their November reports on their mortgage portfolios and mortgage delinquencies. Both Fannie and Freddie report that serious delinquencies in multifamily are rising to multiyear highs.

It did not take long for President Trump to change the reason for sending the US military to “arrest” Venezuela President Nicolás Maduro and his wife. The allegation that President Maduro ran a drug cartel was front and center in the months leading up to President Maduro’s “arrest.” Afterwards, President Trump said the invasion was about Venezuela’s oil and announced plans for the US government to send American oil companies into Venezuela.