1976 is the last time the “market mortgage rate” (which is now 7.9%) diverted from the “effective mortgage rate” (which is now 3.6%) like this.
It took until 1984 for the two to converge again.
Blue line = average 30-year fixed mortgage rate
Purple line = effective mortgage rate of all outstanding mortgages
Green = when the "effective" rate is greater than the "market" rate
Red = when the "market" rate is greater than the "effective" rate
LIV signing bonuses
Brooks Koepka: $100 million
Bryson Dechambeau: $125 million
Dustin Johnson: $150 million
Phil Mickelson: $200 million
Wild that they get to waltz back to a new unified tour and keep the cash
Ticket punched. Again 🤘
TEXAS extends its nation-leading active streak of NCAA Championship appearances to 1️⃣6️⃣-in-a-row !!!
#TakeDeadAim | #NCAAGolf
Approx cost to fill a B77W (777-300ER) with jet fuel by city...
Today:
Chicago $104k
Los Angeles $108k
Miami $108k
Dallas $109k
NYC $110k
KC $112k
Seattle $117k
***Year ago***
KC $186k
Los Angeles $188k
Dallas $195k
Seattle $195k
Miami $196k
Chicago $196k
NYC $317k
If UConn wins tonight they have the weirdest 25-year run we'll ever see. Would be:
-5 national titles since 99
- 5 conference titles
- Missed Tournament 8 times
- 7 times not out of first weekend
- 3 title games against 5 seed or worse
There are now more dogs in America (76M) than children under 18 (73M).
38% of households have a dog. Just 30% of households have a child.
Dogs are becoming the new kids.
Do you know what percentage of total Real Estate value in the USA is owned by millennials?
4%
FOUR PERCENT!
At their age, boomers owned 32% of the country’s Real Estate value
EIGHT TIMES AS MUCH
Excited for these Super Bowl commercials to stock up on new short ideas
Last years crop of 43 public companies who advertised underperformed the S&P by -15.5% through today. (not counting private mkt flops like FTX). An evenly distributed portfolio returned -23% vs -7% for SPY
India just passed China as the most populous country in the world. Why?
Because of the biggest accident in history
Look at where people live in India. What's that band up north?
Have you ever noticed that the save icon is a floppy disk, even though they became obsolete twenty years ago?
That's called a "skeuomorph" - when something new takes on the appearance of what it replaced.
And once you start to look, they're everywhere...
Offshore (illegal) online gambling company BetUS is letting users bet on flight cancellations and delays.
We don't condone placing illegal bets, but Spirit Airlines feels like easy money, right?