Bill is interviewed by Andrew Maguire – (Also posted under Interviews)
Bill’s Commentary:
“Ooops”
Fed minutes flag Treasury-market leverage as a risk to financial stability
Top Federal Reserve officials saw a number of vulnerabilities to the financial system worth monitoring as of last month, one of which has to do with the use of leverage in the Treasury market.
Minutes of the July 30-31 meeting of the policy-setting Federal Open Market Committee, released on Wednesday, said that participants regarded such leverage as a risk. Their comments came during the part of the committee’s discussion on financial stability, in which they also considered it important to monitor any developments regarding the Treasury market’s resiliency.
Bill’s Commentary:
“…Just say no to Idiocracy!”
Summer COVID surge shows we may have to return to 2020 pandemic measures
As summer 2024 draws to a close, the U.S. finds itself once again grappling with a surge in COVID-19 infections.
This wave has taken many people by surprise, particularly as the country has largely consigned the pandemic to the past. While public life has pretty much returned to pre-pandemic norms — something almost none of us would have believed in the summer of 2020 — the virus itself has not.
Mutations of the virus continue to occur, and new variants are emerging, posing ongoing challenges to public health and safety. As we look ahead to the remainder of 2024 and into early 2025, we need to take stock of where we are, understand the factors driving this resurgence and better anticipate how the pandemic might evolve.
Bill’s Commentary:
“He did not know his $400 million would sway the election in any manner? LAUGHABLE!”
Mark Zuckerberg ripped for claiming he didn’t realize $400M in ‘Zuck Bucks’ helped sway 2020 election for Biden
He’s sorry, not sorry.
Data geek Meta CEO Mark Zuckerberg claimed this week he didn’t realize $400 million he spent on “getting out the vote” in the 2020 election benefited one party over the other.
But Republican sources are skeptical that the Facebook boss was unaware his so-called “Zuck Bucks” — pledged to help finance fair local elections — were spent unevenly after being given to two known left-wing organizations.
Bill’s Commentary:
“Do you understand what this really means? Either incomes must go up close to 40%, or, housing prices must fall 33% to make the average home affordable to the average American. Which do you believe is more likely?”
Majority Of Americans Can No Longer Afford An Average House
Housing affordability in the United States has taken a sharp turn for the worse in recent years, as house prices surged to historical highs during and after the pandemic and mortgage rates have risen steeply over the past three years, as the Fed tried to rein in inflation.
It all began with a surge in demand for houses during the Covid-19 pandemic, when many Americans, flush with cash from government stimulus checks, reevaluated their living situation and sought more space amid stay-at-home orders and the sudden possibility of remote work. Further fueling demand were the historically low mortgage rates after the Fed had slashed interest rates to near zero at the onset of the pandemic.
Bill’s Commentary:
“Erik on supply and demand, free money and other scary topics.”
The latest from Erik –
BillHolter.com 
Thank you pamelamoves@gmail.com
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