Realtor Mark
RealtorForum Replies Created
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Blackrock and other investors and fund money managers and institutions are forecasting the stock market could plummet 80% which will wipe out most Americans 401k retirement and pension account. It is the calm before the storm. I see the markets ate in a state of uncertainty and limbo by the way its extremely volatile. You don’t have to be an economic genius to see what’s happening in our economic climate both domestically and globally. Trump’s Department of Government Efficiency (DOGE) slashing tens of thousands if not hundreds of thousands of government jobs is shaking up the entire labor market and skyrocketing unemployment rate. Artificial intelligence is growing at an alarming rate, thus eliminating tens of thousands of white collar jobs. AI will shakeup the way we live, the jobs that will get abolished, and the new normal which is technology. Private busineses, companies of all sizes will get impacted by artificial intelligence and associated technology in the coming weeks and months. Believe me folks, artificial intelligence is moving at an alarming rate that it makes the twighlight zone realistic and major changes that will affect not just a few Industries but the entire free enterprise system. Unemployment can spiral downward in a major ways that will far exceed the Great Depression of 1929. Watch around you. Look at the housing market in Florida where Homeowners insurance and Homeowners Association fees are skyrocketing 50% to 300% in a short period of time. Look at the automotive markets. Besides auto loans yielding interest rates of 7% for prime credit borrowers to over 20% for borrowers with credit scores under 700 FICO. Beware folks. More doom and gloom on its way.
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The Dow Jones Industrial Average plummeted today 2.2% after yesterday’s 2,900 point gain. The Dow Jones was lower than 1,000 points to rebound to be down 950 points. The 10-year treasuries is higher at 4.35 driving mortgage rates higher. The large up and down swing in the markets is definitely not healthy and shows extreme instability in the markets and economy.
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Wall Street reacted quickly to the news that Trump would pause his global tariffs for 90 days, after days of volatility in the markets.
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Megyn Kelly is joined by legal experts Dave Aronberg and Mike Davis to discuss the ongoing legal battle of Judge Boasberg’s injunction halting Trump’s deportations of gang members, the dangers of judicial overreach, the interpretation of the Alien Enemies Act, and more. This local U.S. District Court Judge thinks he has more power than the President of the United States. Judge James Bozeburg, a true BOZO is ordering the illegal migrants deported to Venezuela returned. What a freaking joke.
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Dan Huff, Senior Fellow at American Path Initiative, elaborates on his recent op-ed that challenges the validity of U.S. District Court Judge James Boasberg’s deportation order.
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Greg Bishop provides the back and forth between Illinois House Republicans and Gov. J.B. Pritzker over criticism of the governor’s handling of child welfare and developmental disability housing agencies.
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A grassroots organization called “Chicago Flips Red” has made its debut before Congress at a hearing about migrant sanctuary policies.
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Greg Bishop discusses the ruling from the Illinois Supreme Court against Republicans’ challenges of the state’s legislative maps drawn and approved by Democrats and concerns about conflicts of interest.
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Greg Bishop provides the latest on Illinois legislators grappling with the governor’s move to end the program of taxpayer subsidies for non-citizen adult health care coverage. Democrats never learn. JB Pritzker is running a huge deficit for funding non-citizens health care benefits. Besides this deficit, Pritzker spent over a billion dollars on illegal migrants and declaring Illinois a Sanctuary State. Brandon Johnson declared Chicago a Sanctuary City. What a mess.
