Stock-market decline accelerates after big drop in home builder confidence

[Lightbringer]

LMAO... please link us to the data you are referring to.

She doesn't have any...she's really dumb.

[Althea]

Well, if you knew anything about mortgage rates, you would know they aren't tied to the fed funds rate.

They base of the 10 year treasury, which has only recently started to advance. That is because compared to other first world debt, our rates are still much higher than in Europe or Japan. But as the Fed continued raising rates and the yield curve flattened, money slowly is jumping from the long end of the curve to the shorter.

I see. So you are wrong about the Fed interest rate hikes curbing the housing market?

[LV426]

Are you kidding? 30 year fixed mortgages dropped under 3.5%. Borrowers absolutely benefited from the low interest rate environment. Business loans also dropped to all time historic lows. The mortgage industry boomed with all the refinancing that took place. Not to mention the new loans that went out.

What was really happening wasn't refinancing so much as people borrowing against their home's value to afford things like health care and college.

GDPMEW.jpg

[Superfreak]

You're referring to some phantom data, not me. Fact...dividends are up. Stock buybacks are up. Wages are barely up, and jobs are still going overseas.

LMAO... so you cannot link to your data?

1) AGAIN... the VAST majority of companies are NOT publicly traded. Yes, some large companies on the exchanges have had stock buybacks. Yes, some have increased dividends. But AGAIN, the majority are not publicly traded.

2) Wages are up, you said they were not, now you say they were 'barely up'...again... link us to your data source.

3) We are at 3.7% unemployment rate. Yes, some jobs are going overseas. But that doesn't change the fact that there are jobs available and it is very hard to find qualified candidates. So pretending people aren't working is absurd.

[Superfreak]

I see. So you are wrong about the Fed interest rate hikes curbing the housing market?

No. Try reading that entire comment again. Tell me when you catch up.

[Althea]

Are you kidding? 30 year fixed mortgages dropped under 3.5%. Borrowers absolutely benefited from the low interest rate environment. Business loans also dropped to all time historic lows. The mortgage industry boomed with all the refinancing that took place. Not to mention the new loans that went out.

Business loans screeched to a halt, despite low rates. Mortgage industry boomed because there were no limits on lending because Wall St was demanding paper. They didn't care about the quality.

[Althea]

No. Try reading that entire comment again. Tell me when you catch up.

Short term treasuries affect long term treasuries. Fed rates affect short term treasuries. Let me know when you catch up.

[Superfreak]

Business loans screeched to a halt, despite low rates. Mortgage industry boomed because there were no limits on lending because Wall St was demanding paper. They didn't care about the quality.

what the fuck are you rambling about? You just said the banks wouldn't loan money. Then you say the mortgage industry boomed?

AGAIN... LINK to your data sources. Show us where you see that business loans screeched to a halt.

[Althea]

LMAO... so you cannot link to your data?

1) AGAIN... the VAST majority of companies are NOT publicly traded. Yes, some large companies on the exchanges have had stock buybacks. Yes, some have increased dividends. But AGAIN, the majority are not publicly traded.

2) Wages are up, you said they were not, now you say they were 'barely up'...again... link us to your data source.

3) We are at 3.7% unemployment rate. Yes, some jobs are going overseas. But that doesn't change the fact that there are jobs available and it is very hard to find qualified candidates. So pretending people aren't working is absurd.

What did Republicans promise when they did away with corporate taxes?

What has resulted?

Not even close.

[Superfreak]

Short term treasuries affect long term treasuries. Fed rates affect short term treasuries. Let me know when you catch up.

LMAO... no you dolt, the fed raised rates for almost two years, yet long term rates came DOWN. It is only recently that long term rates have started to creep up. But again, keep trying to change the topic so you don't have to admit you don't have a clue what you are referring to.

[Superfreak]

What did Republicans promise when they did away with corporate taxes?

What has resulted?

Not even close.

Again... you cannot back up your bullshit claims with data.

You simply change topic again.

Also, they did not do away with corp taxes. They lowered them. The economy boomed since.

[Althea]

what the fuck are you rambling about? You just said the banks wouldn't loan money. Then you say the mortgage industry boomed?

AGAIN... LINK to your data sources. Show us where you see that business loans screeched to a halt.

Read your post, then my post, and let us know when you're caught up. Banks didn't loan money for business expenses in the early days of low rates. They actually bought shares of their own stock.


Buybacks
https://money.cnn.com/2018/07/10/inv...uts/index.html


Banks using money for buybacks

https://www.reuters.com/article/us-b...rpc=23&sp=true

[Superfreak]

Read your post, then my post, and let us know when you're caught up. Banks didn't loan money for business expenses in the early days of low rates. They actually bought shares of their own stock.


Buybacks
https://money.cnn.com/2018/07/10/inv...uts/index.html


Banks using money for buybacks

https://www.reuters.com/article/us-b...rpc=23&sp=true

again... link us up to where you are seeing they didn't loan money. Buybacks do not effect loans.

[Althea]

Again... you cannot back up your bullshit claims with data.

You simply change topic again.

Also, they did not do away with corp taxes. They lowered them. The economy boomed since.

Boomed. LMAO

[Althea]

again... link us up to where you are seeing they didn't loan money. Buybacks do not effect loans.

What are you, 7 years old? You didn't live through the crash, and then Obama's recovery? This isn't new. Maybe you were on vacation?