@CNN Smells funny. All around me people are being laid off from jobs after 9,10, 12 years. They got severance packages, so they haven’t filed for unemployment yet, but that’s coming. Maybe in 6-9 months that data will show up.
@jimcramer Considering that inflation has been running over the Fed target for FIVE years now, I’d say there is zero chance they are going to do what is needed. Nobody is willing to tolerate the pain of higher rates, yet. Not the consumer, not the politicians.
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@PeterSchiff Curiously the call options on NEM are quite strong going out a few weeks, as they have been, but the call options on B are almost zip. What does the market know? Will Barrick disappoint with earnings, which are due Friday I think?
@jonbrooks Houses were 1500 sf back in the 60s. I grew up in a 3 br, 1 bath house. We survived.
Today the average is about 2200 sf. Since people aren’t getting married or having kids - 2200 sf is way too much space.