GCA Forums News: Headline News Overview, Federal News, Over Everything: Monday, April 21, 2025Stocks and Economy Taking a Downward Trend

As we all remember, for the past years, the continued turbulence in the global economy led to the Dow Jones Industrial Average hitting an all-time low on April 21, 2025. The rate dropped around 1,000 Points, largely impacted by the uneasy atmosphere in America, raising fears that a full-blown recession could become a reality. According to the S&P 500 and Nasdaq, they are also on the verge of a borderline collapse to recovery due to the endless worries about Donald Trump’s never-ending civil war on trade. It specifically centers on the domineering tariff taunts and verbal assaults aimed at Federal Reserve Chair Jerome Powell. Comments on X have been plastered, highlighting Trump’s derogatory statements about Powell, which do nothing but destroy trust in the economy. The yesteryear decade of the dollar yield jumped, soaring to approximately 4.8, as people were preoccupied with spending and the yesteryear debt crisis. Hence, they bought and sold, which CAPS the Rate Of Interest. During times of uncertainty, trust in the US economy suffered. Capital would be put to use elsewhere in previously lower places, pushing the price of gold to nearly 2,700 dollars per ounce when silver increased from 32 dollars to 31.

President Trump’s Criticism of Federal Reserve Chair Jerome Powell

Former President Trump has revised his attacks on Federal Reserve Chair Jerome Powell, now personally calling him “Mr. Too Late.” This is stemming from the Fed’s interest rate decisions. Trump would prefer that Powell be out of office, as he takes charge of inflation and bank regulation policies. Threads on X indicate Trump’s moniker, as some users share his sentiments. In contrast, others rebut Trump’s wish, arguing that Powell can’t be removed as chair until 2026. While people are over the idea of Trump starting the process of removing the Federal Reserve Board, this idea lacks evidence and is doubted because the Fed has been a crucial part of the US economy. The Fed, under Powell, continues to provide cautious support for his policies, recently indicating no plans to significantly lower rates in the absence of inflation. Trump’s administration would be vague in its comments regarding Powell’s removal, but speculation continues to circulate without supporting facts.

Economic Indicators: CPI, GDP, Unemployment, and Trump’s Tariffs

The Consumer Price Index (CPI) continues to show elevated inflation. Year-over-year inflation from March 2025 is around 3.8% because of increased energy and housing prices. Also, gross domestic product (GDP) is anticipated to grow more slowly, reaching a 2.1% annualized growth rate in Q1 2025 due to the economic slowdown resulting from Trump’s tariffs negatively impacting trade. The unemployment rate remains at a lower range of 4.2%. However, retail and manufacturing portend a downturn, partially driven by tariff-induced cost increases. Tariffs, specifically those placed on China and the EU internationally, have increased input prices for domestic businesses, an inflation boost damaging supply chains. Although some US industries are using these to gain market share, others are quite concerned about the increase of international ‘retaliation’ commerce, which, if implemented, would inflate unemployment rates and uncontrolled inflation. No one is completely sure what the net economic impact of the tariffs will be. Some Critics argue inflation stubbornly sticks, and the supporters defending American employment claim they defend American… jobs.

Real Estate and Housing Market

The housing market is under significant strain as the average mortgage loan of 30 years is set at 7.8%, driven by rising Treasury yields and the Fed’s hesitance to cut rates. Regionally, there is a tight housing inventory, with demand in several areas outpacing supply, resulting in the new median home price sitting at 425,000, a 5 percent year-over-year increase. The variability regarding mortgage rates has demotivated first-time buyers and preowned homeowners with lower fixed-rate mortgages, who are more reluctant to sell, keeping the inventory supply low. Due to hybrid work patterns, commercial real estate faces a problem with high borrowing expenses and a drop in demand for office space. Funding for real estate projects is shrinking as lenders tighten their requirements due to the unstable economy. Employees with licenses, like real estate agents and mortgage brokers, observe the declining volume of transactions while the non-licensed supporting staff, unprotected from reduced market activity, face job volatility.

Automotive Markets

The automotive industry continues to face both challenges and opportunities at the same time. The sales of new cars, including trucks and SUVs, have been declining because the average interest rate on auto loans has reached 7.5%. On the other hand, Exotic car sales are doing quite well. They are motivated by wealthy customers who do not care much about how much the rate increases. Motorcycle sales remain stagnant, with supply chain issues caused by tariff-related disruptions. Commercial vehicles and fleet sales are experiencing modest growth, especially within logistics and delivery businesses. Still, rising fuel costs and additional financing are hurting margins. The market for used cars has become volatile, with prices remaining high compared to pre-2020 levels. Auto part tariffs have increased production costs, raised the prices of vehicles, and, in turn, lowered demand.

Federal Reserve Board and Interest Rates.

The President of the US, Trump, is pushing the board to cut interest rates. The answer to the Federal Reserve rate is currently at 5.25 to 5.5%. The need to cut the mortgage rate is part of a larger effort, pushing for a recession and nullifying the cutting of federal taxes. The Trump Administration has made it clear that they will be making attempts to make sure a cut is not added to the mortgage costs, which will cut down and go against the recessionary impetus. Powell has cited praise in order-driven choices with the Trump Administration’s policies of perpetual inflation and strong employment on the opposite end of the spectrum. The weird debate about Trump claiming the Fed is getting taken over in its statement that there is no honest basis for the arguments against the interest rates being cut. The acknowledgment of rate hikes driving down inflation strengthens sectors but falls for the Fed’s claim of the slices’ reasoning that the easing will overhead. AI takes people out of the employment race quickly and weakens sectors.

Pope Controversies and His Death

Pope Francis died on April 21, 2025, at 88. The globe mourned him from this day, and further controversies were ignited. More radical groups deem him as “Luciferian” for being too progressive for his views, considering climate change, interfaith dialogue, and social justice. His defenders, for example, exclaim, “These allegations, which often merge into debates fueled by X, defy logic and lack proof—they stem from sheer twaddle citing his oars of evolution for seeking wider than inclusivity for the Church.” Regardless of his stance on social welfare, his prime and Catholics and world leaders commend him for his advocacy and prostration for the neglected. The Common Mark estimates the Vatican to start preparing a new set of disputes focused on the church’s conspiracy and plans, and thus appoint a new representative from afar, a Pope.

Sanctuary Cities: Chicago and Illinois

Supporting sanctuary city policies, Chicago’s Mayor Brandon Johnson and Illinois Governor JB Pritzker are both facing scrutiny due to increasing controversy regarding immigration enforcement. The Trump administration plans to take a hard stance on preserving sanctuary cities by potentially cutting federal funding. No concrete proof suggests that the US Department of Justice is plotting to arrest or sue Johnson or Pritzker. However, social media speculation around campaign promises could signal trouble. Both leaders have cited economic and humanitarian justifications for their policies. Still, with potential conflict between states and the federal government, political pressure is bound to increase.

New York’s Attorney General Letitia James

New York’s Attorney General Letitia James is being politically attacked regarding her mortgage fraud investigations by opponents, claiming they are politically motivated. Especially for Trump supporters, allegations GiAmante investigates create a narrative that paints him as someone unfairly governed and, therefore, politically persecuted. There is no evidence that GiAmante’s allegations are true, and his office has yet to make a public announcement. This controversy is only one of many that contribute to the increasing difficulty surrounding the already complicated issue of the housing and mortgage markets, which is under even greater regulatory scrutiny.

DEI and Its Ramifications

Although promoting fairness in workplaces and institutions is the goal of Diversity, Equity, and Inclusion (DEI) policies, these policies still incite debate. Critics argue that DEI policies focus on achieving demographic quotas instead of productivity, compromising merit and productivity. Supporters of DEI argue that systematically inequitable gaps need to be closed. In 2025, DEI will receive backlash from certain businesses and political actors who oppose corporate social responsibility policies and lawsuits contesting corporate mandates. The economic effect is mixed; some businesses report improved innovation and productivity from diverse workforce collaborations, while others cite the implementation costs. In the housing and mortgage markets, attempts by DEI to widen access for underserved populations are continuing but face hurdles in the form of high fees and market instability.

Fears of a Recession and a Stock Market Crash

The stock market volatility, highlighted by the Dow’s 1,000-point drop, has heightened fears of entering a recession. Analysts cite Trump’s tariffs, elevated interest rates, and international trade conflict as primary concerns. Although some measures, such as unemployment, remain stable, others, like declining GDP growth alongside plummeting consumer confidence, create apprehension. Although not guaranteed, a complete market collapse is not off the table, especially when investor sentiment is weak. Sentiment remains fluctuating, with suppliers increasing their hedging in options markets. Businesses are prepared for tighter conditions, slowed capital investment, and hiring freezes in vulnerable sectors.

On April 21, 2025, the national news reports that the United States is experiencing volatile economic shifts, politically weak leadership, and unrest globally. The stock market’s decline, Trump’s quarrel with Powell, and the tariff-induced inflation issue take center stage in business news. At the same time, the real estate and car sectors grapple with elevated interest rates and prices. The demise of the Pope stirs up both an introspective and contentious dialogue and sanctuary city laws face federal backlash. GCA Forums News strives to provide concise and easy-to-understand reporting for our users, partners, and advertisers as these issues develop.

https://www.youtube.com/watch?v=QXZRaNI3dFY

President Donald Trump talks a lot. Donald Trump makes a lot of promises. The president has talked a lot and promised a lot to the American people, and many of those promises, American taxpayers normally shrug it off. However, as time passes, it seems that he is making good on all of his promises so far. During his presidential campaign, President Donald Trump said he was going to abolish the Internal Revenue Service, and the IRS is a corrupt federal agency that is used to weaponize taxpayers who disagree with the Democratic Party. I agree with President Donald Trump’s ideology that you need to lower taxes at all levels to stimulate the economy and NOT increase taxes. To what merit does President Donald Trump’s statement and promise that his mission under his watch is to abolish the Internal Revenue Service and create the External Revenue Service? To what extent is the president willing to go, and how likely is it? Can you please share with the viewers at GCA Forums News? Since most of us members of GCA Forums News are not economists and just average American wage earners, can you run over three to five case scenarios where President Donald Trump succeeds in his mission to abolish the Internal Revenue Service, create the External Revenue Service, and there will be no more federal income taxes? What happens to income taxes and other taxes on the state level? How will this move benefit the American people?

https://www.youtube.com/watch?v=MUUWlEbipBw

I am extremely impressed with President Donald Trump’s The Department of Government Efficiency (DOGE), officially the U.S. DOGE Service Temporary Organization. From my understanding, DOGE is a temporary organization under the United States DOGE Service, formerly known as the United States Digital Service. I think Elon Musk, the person appointed by President Donald Trump to lead the Department of Government Efficiency, is the ideal director of DOGE. Again, in my opinion, a private or government place of employment, business, or agency at every level (local, county, state, and federal) needs to be policed among itself, and any rotten apples need to be held accountable. People in general have various personalities, characters, morals, goals, capacities, and abilities. There cannot be a conflict of interest, ulterior motives, corruption, fraud, greed, or acts of malice, bribery, or other unprofessional acts of conduct. It is the people that make a team, a group, a company, an agency, or a professional organization, again, whether it is private or public. Is the creation and launch of DOGE going to be the new norm? DOGE should be here to stay and should be at all levels of government. It was a brilliant idea how Elon Musk was the appointed leader to head the Department of Government Efficiency. How about local and state governments creating and launching their own DOGE but having the DOGE team consist of people outside the organization so there is no conflict of interest and each investigation is independently arm’s length and not tainted with people among the same or affiliated organizations?

https://www.youtube.com/watch?v=EdNt-w6wjbk&list=RDNSEdNt-w6wjbk&start_radio=1

GCA FORUMS DAILY NEWS: National Headlines News Update for Friday, February 14th, 2025: President Donald Trump is on the national spotlight every minute of the hour, seven days a week since taking office on January 20th, 2025. Right next to President Donald Trump’s grand plan on Making America Great Again is rising star and fraud fighter “superhero” Elon Musk and his piloting the Department of Government Efficiency (DOGE). DOGE, under the leadership and management of Elon Musk, has discovered trillions of dollars in fraud. The fraud discovered by Elon Musk’s DOGE is trillions of dollars in taxpayer funds have been used to enrich large corporations, government agencies, and politicians at all levels (federal, county, and local), foreign countries such as Ukraine, China, and third-world countries with nothing to do with the United States, as well as non-essential causes that have absolutely no benefit to America and the American people. Hundreds of millions in aid sent to foreign countries is said to have never reached the country; they never got it. Where did the money go? Fraud in government is substantially exponentially higher than ever expected. At a press conference at the White House, with President Donald Trump at his side, Elon Musk said the trillions of fraud discovered in less than one week are the tip of the iceberg. Musk said DOGE has not even started the real in-depth fraud investigation. The federal government, under the control of the Democrat Congress and Senate and Democrat President Joe Biden and Vice President Kamala Harris, has turned the federal agencies under the helm of the Federal Reserve Board and the Internal Revenue Service, developed, created, and launched the United States of America into a gigantic candy jar to enrich themselves, families, friends, and allies into an endless lifetime money printing press with nobody to watch, question, or stop them. How can Congresswoman Nancy Pelosi have a net worth of $80 million on a $174,000 salary from the federal government? How can Barack and Michelle Obama have a net worth of $100 million when they were literally flat broke when Barack Hussein Obama became elected president? Same scenario with William Jefferson Clinton and Hillary Clinton, as well as Joe Biden and Kamala Harris. The fraud audit started with USAID and will expand from there to the U.S. Department of Education. President Trump wants to see the abolishment of the Federal Reserve Board, the Internal Revenue Service, and the CFPB. Elon Musk said he likes to see DOGE audit every single federal agency in the United States government and take a second look at what each agency does and to what benefit the agency has to America and the American people. It will then be decided on a complete restructure or reorganization if need be, or the agency will get abolished forever. While DOGE is coming up with fraud after fraud, scam after scam, Democrat members of Congress and the liberal media were going crazy and losing their minds, criticizing President Donald Trump, Republicans, Elon Musk, and the Department of Government Efficiency. It is extremely alarming how rampant fraud is. This is not even the start. Just a needle in a haystack. Hundreds of trillions of dollars of fraud will get discovered, tens of thousands of people and heads of corporations and government agencies will get indicted, arrested, tried, convicted, and sent to prison for a long time. The buck does not stop at the federal government level. Fraud is most likely more widespread at the state, county, and city levels as well. In today’s GCA Forums Headline News, we will cover the widespread fraud in federal government agencies, politicians, and the extent of fraud that exists in the United States, as well as how bad the Federal Reserve Board and the Internal Revenue Service have taken advantage and defrauded America and the American consumer. This post on fraud in America on Great Content Authority Forums is a developing story. We will continue to cover this topic daily and update our viewers at GCA FORUMS NEWS.

https://www.youtube.com/watch?v=Gop1_usKAM8

What do mortgage underwriters ask for CPA letters from self-employed borrowers?

• This discussion was modified 1 year, 2 months ago by  Gustan Cho.

THERE ARE VARIOUS DIFFERENT FICO MODELS. WHAT FICO MODEL DO YOU LOOK AT FOR FHA.

WHAT IS THE MAXIMUM DEBT-TO-INCOME RATIO ON CONVENTIONAL LOANS? I AM HEARING CONFLICTING NUMBERS. IS IT 45% OR 50%?

IS IT TRUE VA LOANS DO NOT HAVE A CREDIT SCORE REQUIREMENT? WHAT ARE VA REQUIREMENTS ON CREDIT SCORES. THERE IS A LOT OF LENDER THAT HAVE DIFFERENT CREDIT SCORE REQUIREMENTS.

How is the Wisconsin housing market forecast? How much is an average price of a house in Wisconsin? What cities in Wisconsin have the best bang for the buck on homes and the best school districts. How is home prices in Wisconsin compared to the rest of the nation. How is the economy and job market in Wisconsin. How is the cost of living and taxes in the state of Wisconsin. Is Wisconsin a good place to raise a family. Is is smart to relocate to Wisconsin from other states? What states are people moving from to Wisconsin. What are the best cities with the lowest crime rate and affordable housing in Wi a homebuyer from out of state should look at in Wisconsin. Wisconsin is a community property state. How will that affect homeowners? What is the cost of living, inflation, taxes, housing and renting, and last but not least, politics. I heard Wisconsin is a swing state. What does it mean? Will the state being a swing state affect the education and mental health of my young children and my wife?

G-7 is supporting Black Rock buying World’s Infrastructure. The more land and real estate they buy, the more control Blackrock will have. Bill Gates, who is an outspoken supporter of human depopulation has started buying farm land in Arkansas and other states so he can get control of the nation’s food supply thereby controlling population in the United States. This is a disgusting act of malice because I think he’s planning on starving people to death.

https://rumble.com/v51svc4-neo-feudalism-g7-supports-blackrock-buying-up-worlds-infrastructure-to-make.html

rumble.com

Neo-Feudalism: G7 Supports BlackRock Buying up World's Infrastructure, to Make Rich Even Richer

Neo-Feudalism: G7 Supports BlackRock Buying up World's Infrastructure, to Make Rich Even Richer - POLITICIANS HAVE SOLD US OUT - BILLIONAIRES ARE BUYING YOUR FUTURE - 16,254 views • June 15, 2024 Geop

What is the lowest credit scores you can have to qualify for NON-QM JUMBO LOANS?

West Virginia Senator Joe Manchin leaves the Democrat Party one day after Donald Trump’s guilty verdict on 34 felony charges. It’s coming faster than expected, folks. Donald Trump’s charges, trial, and guilty verdict is backfiring on the Democrats. I expected Trump guilty verdict backfiring on the Democrats but not this fast. More political chaos is expected in the coming days a weeks. Fatman Alvin Bragg is gleaming with joy saying he did his job. Fatso Alvin Bragg has been vowing to bury Former President Donald Trump.

Fannie Mae Housing Market Forecast for 2025 announced that Mortgage Rates will remain at higher than 6.00% and not to expect a drop in mortgage rates. The federal reserve board dropping interest rates 4 times in 2024 turned out to be a big fat lie despite out of control inflation. The federal reserve board and Treasure Secretary Janet Yellen are blatantly lying about the economy having a soft landing and inflation being under control. Evey consumer in America know that prices of goods and services are out of control and inflation is not minutely close to what the fake NEWS MEDIA is reporting. Please don’t believe what the fake news media and the political hacks are announcing.

https://youtu.be/h2pNEPHP0gc?si=PnU3gpJKT8_2PgoV

Elon Musks is forecasting ARTIFICIAL INTELLIGENCE will be smarter than humans in 24 months.

https://www.businessinsider.com/elon-musk-says-ai-will-outsmart-humans-by-2026-2024-4

businessinsider.com

Elon Musk says AI will be smarter than humans in 2 years

Tech billionaire Elon Musk believes AI will outsmart humans by 2026. But data scarcity and a chip shortage may get in the way.

JP MORGAN CHASE CEO Jamie Dimon Warns of a major real estate crisis lingering in the coming weeks and months.

https://youtu.be/z5O3zV79ZSI?si=HpTfnReTNyPhHQC_

Home prices in Florida are 35% over valued which is making real estate investors in a frantic panic on an investment property sell off. Real estate inventory levels are exploding. Prior to the coronavirus pandemic, home prices in Florida was undervalued. Now, it is the pandemic correction market and are overvalued significantly. There are reports that real estate investors in Florida are growing increasingly concerned about the rising inventory levels and cooling housing market conditions in the state. Here are some key points about the situation:

1. Inventory surge: After years of extremely tight housing inventory, the number of homes listed for sale in Florida has surged significantly in recent months. This is being driven by sellers looking to cash out amid high prices and buyers pulling back due to elevated mortgage rates.
2. Investor pullback: Many real estate investors, including those who bought properties to flip or use as short-term rentals, are reconsidering their strategies. The fear is that they may not be able to sell or rent out properties as easily or at the prices they had anticipated.
3. Price cuts: To attract buyers in the shifting market, some investors are already slashing asking prices on their listings, leading to concerns about potential losses on their investments.
4. Increased holding costs: With higher mortgage rates and economic uncertainty, the carrying costs of holding onto investment properties have risen, putting pressure on investors’ cash flows.
5. Airbnb impact: The short-term rental market in tourist hotspots like Florida has also cooled, making it harder for investors to rely on platforms like Airbnb for steady income streams.
6. Oversupply fears: There are worries that if too many investor-owned properties flood the market simultaneously, it could lead to an oversupply situation and further drive down prices in some areas.

While it’s still early to determine the full extent of the impact, the rapid changes in Florida’s housing landscape have caught many real estate investors off guard. Some may be forced to recalibrate their investment strategies or exit the market entirely to cut their losses.

https://www.youtube.com/watch?v=5mUS43VYNrc

What do they mean by being a high-cost mortgage loan? How would you answer this question on high-cost mortgage loans?

Robert took out a high-cost loan in Utah for $250,000 at 90% LTV at a rate of 11% and kept the loan for two years. Robert is now paying off the current loan amount of $247,617. What is the maximum prepayment penalty that can be charged under the Utah High-Cost Loan Rule? Calculate using simple interest.

Here is the answer to the above question:

Six months of interest at 80% of original value $250,000/90% (0.90)=$277,777 value x 80%= $222,222×11%(0.11)=$24,444/12×6 months= $12,222.

• This discussion was modified 1 year, 1 month ago by  Susan.

Housing inventory levels in Florida have seen a significant increase recently after years of extremely tight supply. Here are some key points about the rising inventory situation in Florida’s housing market:

1. Sharp inventory rise: According to data from Florida Realtors, the inventory of active listings in Florida was up over 85% year-over-year in March 2023. This translates to around 4-5 months’ supply of homes for sale in many markets, compared to 1-2 months during the pandemic frenzy.
2. Seller influx: More homeowners in Florida are listing their properties for sale, driven by factors like the desire to cash in on high home prices, concerns about missing the peak of the market, or life changes necessitating a move.
3. New construction impact: An increase in new home construction over the past couple of years is also contributing to higher inventory levels across different price points.
4. Investor selling: Real estate investors who bought properties during the housing boom are now offloading some of their holdings in anticipation of a market cooldown.
5. Regional variations: While inventory is up statewide, the increase is more pronounced in some areas like Tampa, Orlando, and Miami, compared to others like Jacksonville.
6. Price adjustments: With more choices for buyers, properties that are overpriced or less desirable are sitting longer on the market, prompting some sellers to reduce asking prices.
7. Moderating sales: Higher mortgage rates and economic uncertainty have led to a moderation in home sales activity, further contributing to inventory buildup.

The surge in housing inventory in Florida provides more options for buyers who had been frustrated by the intense competition and lack of available homes during the pandemic boom years. However, it also signals a market shift that real estate investors and sellers need to navigate carefully.

Members of Congress, the President and other state politicians should have term limits. Term limits are a necessity to avoid politicians avoid corruption and using elected office to take care of yourself, family, friends, and promote patronage. Together with working on making the community better and giving the best man who can help make America better, we can all strive to make America 🇺🇸 the best country in the world 🌎 and corruption a treasonous crime that is self serving of the death penalty and the crime of treason should be the death penalty.