BREAKING ๐จ: Housing Market
The largest mortgage lender in the United States, United Wholesale Mortgage, just fell to its lowest closing price in history and is on track for its 9th consecutive red month, its longest losing streak in history ๐ ๐ ๐ฑ
BREAKING: The U.S. Strategic Petroleum Reserve just fell to 283 million barrels, its lowest level since 1982.
It dropped about 767,000 barrels last week.
The reserve has lost about 132 million barrels since March, when President Trump authorized a 172 million barrel release as part of a 32-country emergency drawdown.
It's now at just 40% of its 714 million barrel capacity, and well under half its 2010 peak of 727 million.
It's nearing the 250 million barrel level considered the minimum for safe operations.
The middle class is gone.
According to Fed data, the top 1% of Americans now control ONE-THIRD of all US net worth.
Since 2020, the top 1% have gained +$30 TRILLION in net worth, while the bottom 50% are worth just $4.3 trillion.
What is happening? Let us explain.
(a thread)