The Fed started cutting rates in Sep 2024 with the 10-year Treasury yield at 3.7%.
They cut rates 175 bps and the 10-year yield is now above 5% (highest since 2007).
The Fed was done with inflation, but inflation wasn't done with the Fed.
Video: https://t.co/jR8fAvpzaO
Another 52-week high today
The average 30-year fixed mortgage rate today: 7.17%
Same day last year: 6.29%
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10-year Treasury yield today: 4.96%
Spread today: 221 bps
Drugstores are shrinking fast, but their real estate is not becoming obsolete. Well-located former pharmacies are turning into some of the most versatile second-generation retail and healthcare sites in the market.
▫️Walgreens plans to close 1,200 stores (500 in 2025 alone).
▫️CVS Health has closed about 1,170 locations since 2021.
▫️Rite Aid shut down entirely in 2025 after bankruptcy.
▫️Typical size: 7,000 to 14,000 SF
▫️Drive-thrus add value for medical, QSR, and financial users.
Treason indeed! Ushering in vast numbers of illegals is why Secretary Mayorkas was impeached by the House.
They are importing voters. This is why groups on the far left fight so hard to stop voter ID requirements, under the absurd guise of protecting the right to vote.