FED'S WALLER SAYS HE IS COMMITTED TO RETURNING INFLATION TO 2% TARGET; ALSO TO AVOID OVER-TIGHTENING POLICY AND RISKING RECESSION || CONCERNED ABOUT EQUALLY PLAUSIBLE CASE THAT TIGHTER POLICY WILL BE NEEDED
@glebbory@unusual_whales Yes, the numbers are accurate.
In 2016, 30-year mortgage rates averaged ~3.5% (Freddie Mac) and the average sales price of new homes was ~$361k (Census). As of July 2026, rates are ~6.5% and the latest average new home sales price is $540,600. Solid data.
One thing about these AI bulls I’ve noticed is they almost always have no other outcome than “memory will keep pumping” or “capex is never slowing down.”
@michaeljburry@TheLongInvest Looking at all these retail comments of it not being close to the top kinda tells me we’re probably at the top. Keep going guys!
Why tf are they protesting something that doesn’t even really work yet? Do they understand how many iterations of the internet we went through until we got to what we have now?