There is a significant lag in all data within the housing market.  That said, the third quarter (July, Aug, Sept) data reflects a significant drop in institutional investment within the housing market.

If you look closely at the timing (keep in mind the data reporting lag) what you will notice is that financial institutions began a big surge in purchasing hard assets, specifically real estate, as soon as Joe Biden took office (Jan ’21), and the economic policy became evident.   Intangible financial instruments became an immediate risk as the professional financial control groups recognized energy policy would drive inflation (supply side) and devalued money would fuel it (demand side).

As an offset to predictable inflationary policy (the insiders’ game), institutional money (Blackrock, Vanguard etc) was moved into hard assets with tangible value.  This shift in asset allocation, institutional sales, helped fuel a false surge in home prices and their valuations.  CTH was writing about this in 2021, and sounding alarms as it took place.  25% of all real estate purchases were being made by institutional investors.

The dynamic was predictable.  The Biden administration economic policy, energy policy and monetary policy, was going to cause massive inflation.  CTH was shouting about it in early 2021 and warning everyone to prepare for waves of price increases that would naturally surface first on high-turn consumable goods, and then embed into longer-term durable goods.

Despite claims to the contrary, this 2021 inflationary explosion had nothing to do with the pandemic or supply chain shortages.  It is entirely self-created by western governmental policy; the collective ‘Build Back Better’ agenda.  You can see now from the background moves within the financial sectors, they too knew the reality and their money shifts reflected that despite their ‘transitory’ pretending they were mitigating their own exposure.

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As I have said: “the primary contest in 2024 is going to be epic, because this time the MAGA scruffnecks will, for the first time in years, clearly see who the enemy within the Republican ranks really are. This makes them so much easier to defeat, and also explains why the corporate and billionaire professional managers within the Club are desperate to keep stuff hidden.”

The recent statements against MAGA by former House Speaker Paul Ryan and former Attorney General Bill Barr, are examples of this increased sunlight.  Do not be discouraged by their attacks, we need this clarity. Each moment the corrupt step forward, is a moment to smile.

[Via Dutchman] – I see all SORTS of encouraging news, and Sundance declaring “The Big Ugly” outright WAR between Mainstreet vs Wallstreet is on, is the best news, EVAH.  I have been spoiling for this fight, for YEARS.

The Wall Street group are like stealth bombers; their strength is in their stealth; take that AWAY, and they are just another airplane, as vulnerable to AA fire as any other.  Actually, MORE vulnerable, because they are designed and pilots are trained with the assumption of having stealth, and so they are terrible at evasive maneuvers.

EVERY battle in which MAGA forces RINO to expose themselves and their true nature, is a victory for US, even if we take casualties.

So, J6 a victory for US, as RINOS said, “let em rot in jail!”

2022 midterms, a victory for us as McCarthy were exposed, donating to MAGA opponents.

Cheer up, we WILL take more casualties, but poor mitch is BUCK NAKED, as are the rest of the effete elites.

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On Giving Thanks to the Creator:

“As thou takest thy seat at table, pray. As thou liftest the loaf, offer thanks to the Giver. When thou sustainest thy bodily weakness with wine, remember Him Who supplies thee with this gift, to make thy heart glad and to comfort thy infirmity. Has thy need for taking food passed away? Let not the thought of thy Benefactor pass away too.

As thou art putting on thy tunic, thank the Giver of it. As thou wrappest thy cloak about thee, feel yet greater love to God, Who alike in summer and in winter has given us coverings convenient for us, at once to preserve our life, and to cover what is unseemly. Is the day done? Give thanks to Him Who has given us the sun for our daily work, and has provided for us a fire to light up the night and to serve the rest of the needs of life…”

On Eating:

“When you sit down to eat, pray. When you eat bread, do so thanking Him for being so generous to you. If you drink wine, be mindful of Him who has given it to you for your pleasure and as a relief in sickness. When you dress, thank Him for His kindness in providing you with clothes. When you look at the sky and the beauty of the stars, throw yourself at God’s feet and adore Him who in His wisdom has arranged things in this way. Similarly, when the sun goes down and when it rises, when you are asleep or awake, give thanks to God, who created and arranged all things for your benefit, to have you know, love and praise their Creator.”

On Worldly Troubles:

“Troubles are usually the brooms and shovels that smooth the road to a good man’s fortune; and many a man curses the rain that falls upon his head, and knows not that it brings abundance to drive away hunger.”

This one’s for you WeeWeed.

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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the JoeBama Administration and Presidency.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”

“But I tell you this: We will not go gently into that bloody collectivist good night. Indeed, we will make with our defiance such a sound as ALL history from that day forward will be forced to note, even if they despise us in the writing of it.”

~ Mike Vanderboegh

This thread will refresh daily and appear above the Open Discussion Thread.

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Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.

For Thine is the kingdom and the power and the glory, forever and ever. Amen †

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As expected, the insufferable Lisa Murkowski has won reelection in Alaska despite losing the first-round republican vote.

As a result of neither Murkowski or Tshibaka winning 50% in the first round, the ranking system then adds the second choice of all voters.  Democrat voters chose Murkowski as their second choice providing her the win in the ranked choice voting system.

JUNEAU, Alaska (AP) — Alaska Republican U.S. Sen. Lisa Murkowski has won reelection, defeating Donald Trump-endorsed GOP rival Kelly Tshibaka.

Murkowski beat Tshibaka in the Nov. 8 ranked choice election. The results were announced Wednesday, when elections officials tabulated the ranked choice results after neither candidate won more than 50% of first-choice votes. Murkowski wound up with 54% of the vote after ranked choice voting, picking up a majority of the votes cast for Democrat Pat Chesbro after she was eliminated.

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Arizona Governor candidate Kari Lake appears with Steve Bannon to discuss the status of her campaign lawsuits against Maricopa County officials in advance of a rush to certify the election. {Direct Rumble Link} – WATCH:

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Comrades, Dear Leader wants to help you with correct thoughts this Thanksgiving.

The administration cares about you.  With magnanimous intent Dear Leader provides the correct guidance for your discussions.  Please follow the transcript as outlined for your family gathering this year.  All the best comrade citizens will be reciting it.  [Source]

Good citizenship begins at the family table by honoring Dear Leader’s accomplishments.

Dear Leader provides appropriate instructions for the way all good citizens should thank him.  It is no longer your burden to say, “this holiday we celebrate and are thankful for friends and family.”  Instead, Dear Leader is providing thoughtful guidance, so you do not have to worry about appropriate thinking.

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This is terrible news for many blue-collar families in Mississippi and North Carolina.  Last night, United Furniture, makers of Lane brand, fired all of their manufacturing employees and transportation workers effective immediately.

Fortunately, other manufacturers are quickly messaging the displaced workers with job offers {link}, but the overall message from the collapsed company is alarming.

Read the email letter from today that accompanied the late-night notification:

(Via Furniture Today) – “At the instruction of the Board of Directors of United Furniture Industries, Inc., and all subsidiaries (the “Company”), we regret to inform you that due to unforeseen business circumstances the Company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on November 21, 2022, with the exception of over-the-road drivers that are out on delivery. Your layoff from the Company is expected to be permanent and all benefits will be terminated immediately without provision of COBRA.

Over-the-road drivers that are out on delivery will be paid for the balance of the week. Whether or not you have completed your delivery, please immediately return equipment, inventory, and delivery documents for those deliveries that have been completed to one of the following locations: Winston-Salem, N.C., Verona, Miss., or Victorville, Calif. location. To be clear, do not complete any additional deliveries.

We regret that this difficult and unexpected situation has made this necessary. Additional information will be provided shortly.

Thank you for your service and dedication.
UFI/Lane Corporate Communications” (link)

A few quick points.

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