by Martin Armstrong, Armstrong Economics:
Anyone familiar with the housing market conditions post-pandemic knows that cash buyers and institutions consistently outbid the average buyer. I know a realtor who has spoken primarily to consultants working on behalf of companies, and they’re willing to purchase properties over-market on a consistent basis. They know they can buy these properties and rent them out for a fraction of what they paid because they have the liquidity to do so. Currently, BlackRock is the largest landlord in America, with over $120 billion in residential real estate.
Oklahoma is taking action to ban 13 major financial institutions from doing business with the state after a review determined the banks engaged in boycotting energy companies and instead prioritized agendas that run contrary to Oklahoma taxpayers’ interests. The state treasurer said that the State will not do business with banks ‘beholden to social goals that override their fiduciary duties.’ The move ultimately blocks the banks from managing billions of dollars in Oklahoma pensions, investments and other state entities.
A group of 37 top children’s rights advocates told Mark Zuckerberg to stop targeting children and teens in the marketing scheme for “Horizon Worlds,” Meta’s virtual reality metaverse platform. Tech expert Michael Rectenwald, Ph.D., told The Defender “Horizon Worlds” is even worse than the group described.
ALL PRECIOUS METALS HAVE A GREAT DAY TODAY: GOLD CLOSED UP $9.70 TO $2035.50, SILVER WAS UP 7 CENTS TO $25.64 AFTER BEING DOWN ALL DAY//PLATINUM WAS UP $29.00 TO $1108.25//PALLADIUM WAS UP $14.70 TO $1570.20//COVID UPDATES//DR PAUL ALEXANDER//VACCINE IMPACT//SLAY NEWS//VACCINE DEATHS AMONG YOUNG CHILDREN//DEBT CEILING MEETING IS TODAY BETWEEN BIDEN AND MCCARTHY//CRE CONTAGION SPREADS TO SWEDEN WITH ITS LARGEST REAL ESTATE CONGLOMERATE SHREDDED TO PIECES AS ITS BONDS GO TO JUNK AND ITS DIVIDEND SUSPENDED//BIDEN AGAIN DELAYS FILLING UP HIS SPR//TROUBLE IN PAKISTAN AS OPPOSITION LEADER KHAN ARRESTED AND THAT COULD LEAD TO CIVIL WAR IN THAT COUNTRY
The coronation of King Charles III in London last Saturday drew worldwide attention, with millions staying glued in front of the TV screen during the hours-long ceremonies, when the ‘Grim Reaper’ suddenly appeared
