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The ECONOMY Part Deux

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DiabloWags
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10:16a, 9/23/26
Trump is single handedly killing the HOUSING market.

That's roughly 16% of GDP.



US fixed 30-year mortgage rate jumps to 7.12%, MBA says
It's a CULT.

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ChudBear
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In reply to DiabloWags • 10:22a, 9/23/26
DiabloWags said:
Trump is single handedly killing the HOUSING market.

That's roughly 16% of GDP.



US fixed 30-year mortgage rate jumps to 7.12%, MBA says

"It was last higher in May 2024." Who was President then?

Housing was already suffering from high home prices, a longstanding supply shortage and elevated mortgage rates before the recent shocks.

Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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DiabloWags
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10:28a, 9/23/26
No wonder why Trump's Disapproval Rating is Making NEW LOWS.

I think this means that the interest on our debt went up again.
This is blowing up the CBO's forecasts.

At this rate, the interest on the debt will be $2.7 Trillion before the end of the decade.
That's MORE than Medicare and Social Security retirement benefits.



It's a CULT.

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DiabloWags
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10:36a, 9/23/26
It's a "G" Economy . . . based on Generational Wealth and not Income alone.

Boomers make up $97.4 TRILLION of the total $185.6 TRILLION in Household Wealth.

52.4%

This explains why aggregate spending has remained resilient in the face of higher costs of living that negatively impact the younger and lower income households more.



Even though Seniors earn less per household, there are a lot more of them.

Multiplying mean income by the number of households shows that the 65+ group collectively received $3.87 trillion in money income in 2025, more than any other age cohort (chart below).

It's a CULT.

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Cal88
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In reply to ChudBear • 11:31a, 9/23/26
ChudBear said:
DiabloWags said:
Trump is single handedly killing the HOUSING market.

That's roughly 16% of GDP.



US fixed 30-year mortgage rate jumps to 7.12%, MBA says

"It was last higher in May 2024." Who was President then?

Housing was already suffering from high home prices, a longstanding supply shortage and elevated mortgage rates before the recent shocks.


Trump's war of choice has raised mortgage rates by a full point.

January 26, 2026 Rate Breakdown
  • 30-Year Fixed: ~5.99% 6.10%
  • 15-Year Fixed: ~5.37% 5.50%
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cal83dls79
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In reply to Cal88 • 11:36a, 9/23/26
Trump, the new Down is Up. You can kiss this fantasy goodbye. 2% interest rates myarse.

"We will drive down the rates so you will be able to pay 2 percent again, and we will be able to finance or refinance your homes drastically at much lower costs," he said during a rally in Tucson in September 2024.
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Cal88
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In reply to cal83dls79 • 11:44a, 9/23/26
Pepperidge Farm remembers...

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ChudBear
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In reply to Cal88 • 11:52a, 9/23/26
Cal88 said:
ChudBear said:
DiabloWags said:
Trump is single handedly killing the HOUSING market.

That's roughly 16% of GDP.



US fixed 30-year mortgage rate jumps to 7.12%, MBA says

"It was last higher in May 2024." Who was President then?

Housing was already suffering from high home prices, a longstanding supply shortage and elevated mortgage rates before the recent shocks.


Trump's war of choice has raised mortgage rates by a full point.

January 26, 2026 Rate Breakdown
  • 30-Year Fixed: ~5.99% 6.10%
  • 15-Year Fixed: ~5.37% 5.50%

It was higher in May 2024 under Biden.
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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ChudBear
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In reply to Cal88 • 11:56a, 9/23/26
Cal88 said:
Pepperidge Farm remembers...


You just confirmed again that it was higher under Biden.
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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DiabloWags
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In reply to Cal88 • 11:57a, 9/23/26
Trump is clearly a FAILED leader.

He promised lower interest rates, lower grocery prices, lower gas prices, and lower cost of living.
And that he would be the peace president and end the War in Ukraine.

He's 0 for 6

A complete failure.



It's a CULT.

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DiabloWags
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12:22p, 9/23/26
5.12%

The market place now believes tthere is a 70% chance for the FED to RAISE RATES again in OCTOBER.

Thank You President Trump!



It's a CULT.

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Eastern Oregon Bear
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In reply to ChudBear • 12:44p, 9/23/26
ChudBear said:
Cal88 said:
Pepperidge Farm remembers...


You just confirmed again that it was higher under Biden.
Do you think this make Trump look better? Horrible is still horrible.
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ChudBear
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In reply to Eastern Oregon Bear • 12:49p, 9/23/26
Eastern Oregon Bear said:
ChudBear said:
Cal88 said:
Pepperidge Farm remembers...


You just confirmed again that it was higher under Biden.

Do you think this make Trump look better? Horrible is still horrible.

It highlights the hypocrisy we see ever day here. I'm not trying to make Trump look better or convince anyone to think a certain way.

Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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cal83dls79
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In reply to ChudBear • 1:50p, 9/23/26
…a little more context. Catturds economic predictions were posted and reposted on this board on the regular with great excitement and anticipation …as if they had actually materialized. This was before his (Trumps) series of self inflicted wounds that have now led to his historically low approval ratings. Seems long ago but it really isn't…pretty astonishing
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ChudBear
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In reply to cal83dls79 • 1:52p, 9/23/26
cal83dls79 said:
…a little more context. Catturds economic predictions were posted and reposted on this board on the regular with great excitement and anticipation …as if they had actually materialized. This was before his (Trumps) series of self inflicted wounds that have now led to his historically low approval ratings. Seems long ago but it really isn't…pretty astonishing

Does Catturd speak for the President or the White House?
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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DiabloWags
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2:02p, 9/23/26
Nasdaq - 1.13%

NTRA - 0.03%






It's a CULT.

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ChudBear
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In reply to DiabloWags • 2:06p, 9/23/26
DiabloWags said:
Nasdaq - 1.13%

NTRA - 0.03%







The Nasdaq is up 37% since the beginning of Trump's second term.
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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DiabloWags
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2:09p, 9/23/26
NTRA is + 151% since Trump was inaugurated for his second term.

And my account is + $5 MILLION given my investment in NATERA.

Thank You NATERA!



It's a CULT.

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ChudBear
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2:11p, 9/23/26
Sold one of my businesses today for a little less than $10 mil. Was valued at around $7.5 mil under Biden.

Thank you Trump!
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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ChudBear
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In reply to DiabloWags • 2:11p, 9/23/26
DiabloWags said:
NTRA is + 151% since Trump was inaugurated for his second term.

And my account is +




We know and you owe that to Trump!
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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DiabloWags
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In reply to ChudBear • 2:15p, 9/23/26
ChudBear said:
Sold one of my businesses today for a little less than $10 mil. Was valued at around $7.5 mil under Biden.

Thank you Trump!


I must say, you have a very vivid imagination.
It's a CULT.

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ChudBear
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In reply to DiabloWags • 2:17p, 9/23/26
DiabloWags said:
ChudBear said:
Sold one of my businesses today for a little less than $10 mil. Was valued at around $7.5 mil under Biden.

Thank you Trump!


I must say, you have a very vivid imagination.

Sorry, didn't realize you had anything to do with my businesses or had knowledge of them.

Oh wait, you don't.

Jealousy isn't very becoming on you.
Abbott Laboratories donated $500,000 to the Trump-Vance Inaugural Committee

Keep GOLDY locked up!
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cal83dls79
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In reply to ChudBear • 3:03p, 9/23/26
No, but others here seemed to think so and turd just regurgitated trump's bold predictions, ergo
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DiabloWags
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In reply to ChudBear • 7:00p, 9/23/26
ChudBear said:
Sold one of my businesses today for a little less than $10 mil. Was valued at around $7.5 mil under Biden.

Thank you Trump!


This is what makes the OT Forum so great.
Congrats!
It's a CULT.

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DiabloWags
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12:49p, 9/24/26
7.03% would be the highest rate since January 2025.

Housing is 16% of GDP

Thank You President Trump!



Mortgage rates climb for 5th straight week, pushing average rate on a 30-year home loan above 7% | KRQE News 13
It's a CULT.

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cal83dls79
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In reply to DiabloWags • 3:44p, 9/24/26
Those tasty variables keep a goin' up, forclosure problem looming

https://www.housingwire.com/articles/foreclosure-filings-rise-13-year-over-year-south-hit-hardest/

Hey, maybe this was his strategy to make housing more affordable…new fresh supply of foreclosures
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DiabloWags
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11:30a, 9/26/26
FYI ...

The Ai build out is on track to become the biggest economic bet in US history dwarfing Investments made to fund other huge infrastructure projects like the railroads the US highway system and the plumbing for the internet.

We're talking an estimated $10.2 TRILLION between 2025 - 2032.

That's a STAGGERING 3.6% of GDP ON AVG EVERY YEAR

1.9% of GDP for 2026 alone, according to GS.
It's a CULT.

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dajo9
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In reply to cal83dls79 • 9:19p, 9/26/26
cal83dls79 said:
Those tasty variables keep a goin' up, forclosure problem looming

https://www.housingwire.com/articles/foreclosure-filings-rise-13-year-over-year-south-hit-hardest/

Hey, maybe this was his strategy to make housing more affordable…new fresh supply of foreclosures


These alarmist headlines are very misleading. Foreclosures are at very low levels and so an increase would be normalization.
Censorship has always been a tool of the fascist
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cal83dls79
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In reply to dajo9 • 4:26a, 9/27/26
dajo9 said:
cal83dls79 said:
Those tasty variables keep a goin' up, forclosure problem looming

https://www.housingwire.com/articles/foreclosure-filings-rise-13-year-over-year-south-hit-hardest/

Hey, maybe this was his strategy to make housing more affordable…new fresh supply of foreclosures


These alarmist headlines are very misleading. Foreclosures are at very low levels and so an increase would be normalization.
I don't think the title and content are all that misleading as its mostly just regurgitated facts but yeah, it's not a problem yet, but the increases should be explained and could signal increase borrower stress. As someone who built significant wealth (for me)during the 2008 crisis and subsequent blips in the RE market I agree it's not a problem yet (hence "looming" )but not good pub for the current administration.

* was also engulfed in the condo crisis as a working stiff as our co made the mistake of purchasing a condo construction loan business from a major commercial lender in so cal with $4b of loans spread all across the country just prior to the collapse. Most loans were luxury or upscale condos in Florida, NYC, AZ, raw land in Texas, Florida, everywhere, hotels, golf courses …a variety of collateral.
My companies other significant commercial equity and loan portfolio had its own problems. Took us years to dig out. Unbelievable experience being in the middle of it.
We basically created systems and processes for what was a commercial foreclosure loan processing co, construction co, land dev co, hotel owner, I mean all of the stuff happening on the front end with the C suite (I was C in title and pay only) combined with all of the back end stuff to provide realtime data to make decisions it was extremely challenging and rewarding. Some math skills helped.
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