Cloward/Piven Alert! Why We Need D.O.G.E. … And Where Was Joe Biden? (21 Million People At Age 100 And Above Receiving Soc Sec Pmts, 60 Million More Receiving Social Security Payments Than There Are People In The USA!)

The left has come out in force to attack D.O.G.E. and Elon Musk. Why? First, The Left doesn’t want to upset the candy apple cart (government waste and corruption). Second, the Left wants to pretend that they hate the rich (although George/Alexander Soros are huge donors, not to mention Bill Gates and most of Hollywood elites are billionaires/millionaires). But the saddest act of all are Joe Biden and Kamala Harris. These two clowns had the Social Security data and never looked at it … allegedly.

What would they have found if they had looked at the Social Security books? According to Elon Musk, they would have discovered 20,788,904 people at the age of 100 and above. That is significantly higher that the entire population of Naples Florida at 19,704.

Here is what Elon Musk discovered about people receiving Social Security (and disability payments). Joe and Kamala didnt notice someone that was between 360 and 369 years of age??

The point is that this is a collosal embarrasment. And epic fraud. And even more vexxing is that 394,943,364 are collecting Social Security while the total population of the USA is 334 Million?? That leaves 60 million more people receiving Social Security payments than there are people in the USA!

Don’t tell Elon about candied apples that have replaced government cheese in the Federal government giveaway program for votes! And Cloward/Piven!

US Industrial Production Surges Most Since Oct 2022 (Capacity Utilization Rose To 77.8%, But Still Below The Critical 80% Barrier)

Silver Thread and Golden Needles under Trump? Yes, while under Biden/Harris we had lead thread and pyrite needles (governmrnt directed investment).

In January, US Industrial Production rose 2.00% YoY, the strongest growth rate since Oct 2022.

Capacity Utilization accelerated again in January (2nd straight month), rejecting the recessionary red flags. But CAPUTE remains below the critcal measure of 80.

Biden/Harris’ economic policies were no good.

How Low Can Mortgage Rates Go? Mortgage Rates Decline To Just Under 7% As Yield Curve Falls

How low can mortgage rates go?‘

According to National Mortgage News, the 30-Year Fixed mortgage rates dropped to 6.930%, a decline of 0.063%.

The conforming 30-year fixed mortgage rate is hovering just below 7%.

Note that on the left=hand side of the above chart that the US Treasury yield curve slope (green dashed line) hit its local high as Joe Biden became President, then began to decline as the insane spending ensued. Mortgage rates started to rise in 2022 as the yield curve slope declined.

But will the yield curve continue to fall along with mortgage rates? I hope not, because it would require to Biden’s insane spending.

Speakig of killers, DNA tests revealed that Aaron Kosminski, a Polishbarber was the murderer known as Jack The Ripper. Although Janet Yellen was my leading suspect.

Trouble In (Potomac) River City! $9.2 Trillion In US Debt Needs To Be Refinanced In 2025 (DOGE Making A Dent In US Debt Owed)

Oh we’ve got trouble in (Potomac) river city … with a capital P and that rhymes with D and that stands for DOGE. But can DOGE (Department of Government Efficiency

In 2025, $9.2 TRILLION of US debt will either mature or need to be refinanced. The US now holds $36.2 trillion worth of government debt, meaning 25.4% of the total is set to mature.

The total debt owed by the free-spending Federal government stands at $36+ trillion and growing. The DOGE clock stands at $64 billion and hopefully keeps growing.

Here is Elon Musk warning the members of Congress and the bloated Federal bureaucracy of the wasteful spending by the Feral government.

Spirit Of DC! Biden Handed Trump A Big Pile Of Steaming … Losses (Fed Incurs Losses Of $218 Billion)

The Federal Reserve (aka, The Green Slime) represents the Spirit of Washington DC. A glutenous pig spending trillions it doesn’t have on insane policies. And The Fed ends up funding the insane spending and racking up massive losses.

Trump is inheriting a Federal Reserve w/ not only unprecedented losses of $218 billion, but it’s still losing money; the Fed won’t send the Treasury a dime for the entirety of Trump’s term; that’s never happened since the inception of the Fed – another challenge for Trump.

M1 Money UP 365% Since Covid, M2 Money UP 40%, Federal Spending UP 45% (Is Chuck Schumer REALLY Boss Tweed?)

Wow. Money printing by The Federal Reserve went will after the Covid outbreak in early 2020. So did Federal spending. Unfortunately, politicians are addicted to Federal spending. And Senators like Chuck Schumer (D-NY) and Adam Schiff (D-CA) are trying to obstruct any spending cuts by Trump and his DOGE.

Well, M1 Money printing is UP 365% since Covid while M2 Money printing is UP 40%.

Federal current expenditures are up 45% since the Covid outbreak. But were never returned to normal spending levels.

New York senator Chuck Schumer is opposed to Trump’s efforts to cut Federal spending. Is Senator Schumer REALLY the political boss of Tammany Hall, the Democratic Party’s political machine that played a major role in the politics of 19th-century New York City and State?

The Green Slime Effect! House Price Index Up 3.8% YoY In November As Fed Funds Rates Remain High (Fed Balance Sheet Remains Elevated)

One reason that US home prices remain high (and unaffordable for many) is The Federal Reserve (aka, The Green Slime). Former Fed Chair (and Biden’s Treasury Secretary is no Luciana Paluzzi, the Italian beauty from the James Bond film Thunderball. Yellen is just a far-left economic hack.

Look at the Case-Shiller national home price index compared with The Fed funds target rate.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.8% annual return for November, up from a 3.6% annual gain in the previous month. The 10-City Composite saw an annual increase of 4.9%, recording the same annual increase in the previous month. The 20-City Composite posted a year-over-year increase of 4.3%, up from a 4.2% increase in the previous month. New York again reported the highest annual gain among the 20 cities with a 7.3% increase in November, followed by Chicago and Washington with annual increases of 6.2% and 5.9%, respectively. Tampa posted the lowest return, falling 0.4%.

The pre-seasonally adjusted U.S. National, 20-City, and 10-City Composite Indices’ upward trends continued to reverse in November, with a -0.1% drop for the national index, while the 20-City Composite saw a -0.1% decline and the 10-City Composite was unchanged.

While the Fed Funds target rate gyrates, The Fed’s balance sheet remains high.

The Federal Reserve’s new logo!

New Home Sales Increase to 698,000 Annual Rate in December (Despite Mortgage Rates Being Around 7%)

Home, home on the range … Where the realtors and mortgage lenders play.

Sales of new US homes ended 2024 on a high note in December as customers took advantage of incentives from builders, leading to a second straight year of increased purchases.

For the full year, customers purchased 683,000 homes, up about 2.5% from 2023’s total.

Sales of new single-family houses in December 2024 were at a seasonally adjusted annual rate of 698,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.6 percent above the revised November rate of 674,000 and is 6.7 percent above the December 2023 estimate of 654,000.

Final Slap In Face From Biden? Annual US Existing Home Sales Lowest Since 1995 (As Mortgage Purchase Applications Collapse Under Biden To 1995 Levels)

1995 is notable for housing and music.

US Existing Home Sales rose for the third straight month in December (longest streak since late 2021), rising 2.2% MoM and up 9.3% YoY – the best annual shift since June 2021. However, despite the last rebound, for all of 2024, sales reached the lowest since 1995, when the US had about 70 million fewer people.

And with the lowest existing home sales since 1995, we have mortgage purchase applications at the lowest level since 1995.

Why? The median price of EHS has exploded under Biden.

Mortgage rates are hovering around 7%, same as around 1995.

My Mortgage Market Was Gone! Mortgage Purchase Applications Rise 7% Since Previous Week, But Refi Applications Fall 3%

As The Pretenders sang, “My City Was Gone.” That song was about Akron, Ohio. But it applies to the US Mortgage Market under Biden/Harris. The question is whether Trump’s deregulation plans can return to its former glory.

Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.

The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 7 percent compared with the previous week and was 2 percent higher than the same week one year ago.

The Refinance Index decreased 3 percent from the previous week and was 42 percent higher than the same week one year ago.

The Pretenders’ lead singer Chrissie Hynde likely would have made a better Federal Reserve Chair and Treasury Secretary than Janet Yellen.