Ripped from the headlines, November 9, 2022
Catch our founders interview with Ann Vandersteel on the Zelenko Report, tonight at 9pm, and replays at https://brighteon.tv/ZelenkoReport/
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“Housing market should brace for mortgage rates hitting 10% in 2023, investment banker says”
“Even if Federal Reserve Chairman Jerome Powell and his cohorts stopped hiking policy rates soon, the 30-year fixed mortgage rate still would climb to 10%, according to Christopher Whalen, chairman of Whalen Global Advisors.
That’s because the Fed’s torrid pace of rate increases in 2022 takes time to seep back into mortgage rates, especially with the fed-funds rate already jumping to a 3%-3.25% range in late September, from almost zero a year before.
“Lenders only slowly adjust their rates,” Whalen told MarketWatch. “They are not used to seeing rates moving this fast, and typically would change rates only once a month or once every other month.”
“Amazon Becomes World’s First Public Company to Lose $1 Trillion in Market Value”
“Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.
Shares in the e-commerce and cloud company fell 4.3% on Wednesday, pushing its market value to about $879 billion from a record close at $1.88 trillion on July 2021. Amazon and Microsoft Corp. were neck-and-neck in the race to breach the unwelcome milestone, with the Windows software maker close behind after having lost $889 billion from a November 2021 peak.
While technology and growth stocks have been punished throughout the year, fears of a recession have further dampened sentiment in the sector. The top five US technology companies by revenue have seen nearly $4 trillion in market value evaporate this year.”
“Oman's Energy Minister: It's Foolish To Assume Renewables Can Meet Global Demand”
“The world’s energy needs will only grow, and it would be ‘foolish’ to think that rising demand can be met with renewables alone, Oman’s Energy Minister Salim Al-Aufi told CNBC on Tuesday.
Energy needs to be affordable and this is the first pillar of energy supply when the energy transition is concerned, the minister said.
Oman’s official also defended, again, the OPEC+ decision to reduce the headline target oil production by 2 million barrels per day (bpd) as of this month, saying that the group is proactive in trying to balance the market.
Al-Aufi also said that he wasn’t surprised by the U.S. blowback after the OPEC+ decision was announced.
“It was expected,” he told CNBC.
Referring to the energy transition and renewables, Oman, like many Middle Eastern oil and gas producers, believes that all forms of energy will be needed to meet the world’s growing energy demand in the coming years and decades.”
Ripped From The Headlines… Post Election Edition. Things to Ponder:
Yes, this is the day after election day in the United States. We’ve stayed away from those stories, since there’s so much news out there…
And it’s not as important as news that directly impacts your wealth.
So…
Mortgage rates may hit 10%… wages are stagnant, things keep getting more expensive…
Where do you think that all ends up?
If you think there’s a back door way out, there isn’t.
NOT FINANCIAL OR PROFESSIONAL ADVICE: If you can hold off on buying, there are likely going to be some killer deals… likely better than 2008-2009.
It’s going to be bumpy.
How about Amazon, eh? Important note here, they deliver lots of stuff to you…
And we’re just about out of diesel… (regardless of what “fact checkers” tell you)
Yikes.
Looks like Oman’s energy minister has it right. And it doesn’t smell like full bias either:
“Referring to the energy transition and renewables, Oman, like many Middle Eastern oil and gas producers, believes that all forms of energy will be needed to meet the world’s growing energy demand in the coming years and decades.”
So… why the huge rush, Pete Buttigieg?
Reminder: Catch our founders interview with Ann Vandersteel on the Zelenko Report, tonight at 9pm, and replays at https://brighteon.tv/ZelenkoReport/, or on GETTR, CloutHub, and more.
What does this mean?
Now that the bread and circus is mostly done, the business of securing you safely under thumb through serfdom can now continue.
Remember what we said the other day:
POWER BROKERS ARE DETERMINED TO MAKE YOU SICK AND POOR REGARDLESS OF WHAT YOU THINK.
This means that things haven’t been good, are about to get worse, and that’s bad for you.
Why should I care?
These headlines alone should answer that for you, but just remember you’re not immune from this - doesn’t matter how much you have, where you live, or anything else.
You should REALLY care.
What should I do?
We normally give you a list here, but our co-founders actually published the latest edition of the Sherloc’s Roundtable Podcast today with Diego Rodriguez, which makes the case.
If you are not familiar with the case of Baby Cyrus, or Government Sponsored Trafficking using Title 4 Social Security to pay for it, you’ll see why you need to get moving, and things you need to do.
YOUR FUTURE DEPENDS ON IT.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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Ripped From The Headlines is your daily digest of what’s happening in the world. We help you to understand what it means, why you should care, and what you should do.
Have a tip on a story, case, or issue that needs to be covered? Email us: asksherloc@protonmail.com. Confidentially assured.