copacetic

[Nick Gerli @nickgerli1]

America’s housing glut is happening in one area:

The South.

There are nearly 300,000 new homes for sale there right now.

Comparable to 2006 housing bubble levels of supply.

Meanwhile, across the Northeast and Midwest combined, builders have only about 82,000 new homes for sale.

The result is a gigantic mismatch in supply.

Southern housing markets are still being inundated with new construction during a correction.

While many Northeast and Midwest markets remain starved for supply, with bidding wars still happening in some areas.

The South now has about 3.5x more new homes for sale than the Northeast and Midwest combined, a near record differential.

This mismatch will likely cause continued home price deflation in Southern housing markets.

To track how this inventory shift is reshaping your local housing market, head to https://t.co/zlKe213GxR and search your ZIP code.

[copacetic @Trinty414]

@maddox_news @ImMeme0 Illinois has some of the strictest 2A laws in the country.

[Dan Proft @DanProft]

Reason Foundation Research Director Geoff Lawrence said Illinois is way upside down, with a debt ratio of 276%.

“It has way more debt than assets, $80 billion in total assets versus $220 billion in debt, so if you were to try to liquidate all of the state's assets to pay off all its debts, it would be impossible."
+++

How can this be? According to Pritzker (and every governor before him over the past three decades), he has produced one balanced budget after another.

The halls of power in Illinois are full of nothing but "fiscal conservatives"--we know because they tell us they are--and yet....

https://t.co/9UeH4oqQcc

[copacetic @Trinty414]

@financedystop You bought your first house and you're an expert on the system.

[copacetic @Trinty414]

@avidseries @xwanyex Females aged 18-35 are on double the rate of anti depressents as men in the same age range indicating they are more unhappy in general.

[Vitalis😈 @stefanodotsui]

Sir Patrick Stewart thought he was circumcised his entire life.

Hugh Jackman was dying hearing the story

His wife told him he wasn’t.
So the next day, during his annual check-up, while the doctor was “down there,” he casually asked:
“I am circumcised… aren’t I?”

The doctor looked again and said:
“Not. I’m Jewish. I know the difference.”
Hugh Jackman completely loses it on the couch.

One of the most crazy stories ever told on television.

[Lee Roach @leevalueroach]

Japan is the canary. Nobody is listening.

For thirty years Japan ran the largest monetary experiment in human history. Zero rates. Yield curve control. A central bank that ended up owning roughly half its own government bond market. The theory was that a sovereign borrowing in its own currency faces no real constraint. For three decades the theory held, and every trader who bet against it got carried out on a stretcher. They called it the widowmaker.

The widowmaker is collecting now.

Debt above 200% of GDP. The 10 year JGB touched 2.91% last week, the highest in thirty years. The policy rate sits at 1%, a level last seen in 1995. Debt servicing in the fiscal 2026 budget hit 31.3 trillion yen, roughly a quarter of the entire national budget, and the Ministry of Finance now assumes a 3% bond rate, the highest assumption since 1997. Social security and interest payments together consume close to 60% of all government spending.

Six of every ten yen Tokyo spends now goes to promises made in the past. The remaining four have to cover defense, education, infrastructure, and everything else a modern state is supposed to do.

The yen sits at 163, a 40 year low. Japan burned roughly 11.7 trillion yen defending it and bought a few weeks of relief. This is the trap they built for themselves. Hike enough to defend the currency and the interest bill detonates. Hold rates to protect the fiscal position and the currency keeps bleeding out. Japan imports 90% of its energy and 60% of its calories, so every tick of depreciation lands directly on the grocery bill.

Now the part almost nobody models correctly. Hyperinflation is a distraction. Four percent for fifteen years cuts purchasing power roughly in half, and it arrives so slowly that no single year ever registers as a crisis. There are no wheelbarrow photographs from a 4% decade. There is a retiree in 2041 who did everything right and is poor anyway.

The Japanese saver pays for this twice. Thirty years of zero rates already moved wealth quietly out of household balance sheets and into the state's. Now the debt those zero rates financed gets inflated away in real terms while consumption taxes climb and benefits get quietly trimmed. A bond issued at 0.2% rolls at 3%, and the gap comes out of somebody's standard of living. Extraction, spread thin enough that nobody can point to the day it happened.

Now look west.

US publicly held debt is at 99% of GDP, the highest since 1946, and the CBO baseline puts it at 120% by 2036. Net interest runs from about 1 trillion this year to 2.1 trillion by 2036. The number that should keep you up: the primary deficit, excluding interest, actually declines over that window, from 2.6% of GDP to 2.1%. The entire deterioration is interest compounding on itself. CBO's own baseline has the average rate on the debt crossing above the growth rate around 2031, the threshold where the arithmetic stops correcting itself and starts feeding itself.

The 30 year is at its highest since 2007. The Fed just held with three members dissenting in favor of a hike. And Japan, sitting on 1.19 trillion of Treasuries as the largest foreign holder, sold nearly 30 billion in the first quarter alone. When domestic bonds pay 2.8% with no currency risk attached, Japanese insurers have no reason to own American paper. The most reliable marginal bidder in the world is packing up and going home.

Central planning dies slowly. It ends as a grinding transfer from everyone who saved to everyone who borrowed, administered by people who will call it stability the entire time it is happening.

Japan is fifteen years ahead of us on this road. Everything happening to them is a broadcast from our own future, running in real time, with the sound turned off.

[Wall Street Apes @WallStreetApes]

American bought packages of General Tso's Chicken

This is a very popular frozen Asian chicken meal that almost everyone in America has had at some point, it’s sold everywhere

The package says it contains 3 cups of chicken. She makes the chicken and measures it out

The amount of children is about half of what’s supposed to be in the box. She made 2 boxes and it’s literally half of the marked weight….

We are being robbed blind. We are all so sick of this constantly happening

[Louis Montoya @montoyalouis1]

16 years old. First season as a lifeguard.

Waves repeatedly slamming him. Grown men getting knocked back and retreating.

And this kid locks onto that 10-year-old with a death grip and refuses to let go until the boy is safe.

No experience. No excuses. Just pure courage and resolve under pressure.

This is what it looks like when character shows up.

Respect, young man. 🇺🇸

[copacetic @Trinty414]

@TheEXECUTlONER_ The two lanes exist for a reason. Look up zipper merging if you're confused.

[copacetic @Trinty414]

@collinsworth55 I kind of like the way things are now.

[copacetic @Trinty414]

@benshapiro @elonmusk Please! An SUV or van would be great!

[copacetic @Trinty414]

@RealCandaceO Reading your crazy theories is like playing a game of Clue. So now it's "Ben did it!" Okay... let me guess the rest of your theory "in the library with a candle stick." Tune in next week. 🤦‍♀️

[copacetic @Trinty414]

@GovPritzker You just signed off on a toll increase. You've increased taxes every year you've been in office. You can't help yourself with the spending. Our budget is outrageous.

[copacetic @Trinty414]

@wtfahhh0 When they're good, we watch.

[copacetic @Trinty414]

@texasrunnerDFW @ChuckyJoe3 In the areas you're talking they were not built to be 1 million dollar homes but inflated to that price. Different mentality of the homeowner.

[copacetic @Trinty414]

@musachaudhry01

[copacetic @Trinty414]

@MasalaBai Trade wife here. I work and we're raising three kids. F**k the videos. I do not have time to roll film every time someone brushes their teeth. Honestly, that sounds miserable.

[copacetic @Trinty414]

@_filmcrave It was fun. Not the best movie ever but it was enjoyable. People put way too much thought into all this. It's a fun couple hours and I'd probably watch it again with the kiddos at some point. Also, Skeletor stole the show.

[copacetic @Trinty414]

@MarkBrassington A. Saw Masters of the Universe. It was fun