Monday, December 26, 2016

Kevin Drum notices rates

Home Buyers Are Paying a $600 Trump Tax on New Mortgages

He finally got over his shattered delusions. Matt Yglesias woke him. 

Just to fill in Kevin;s reality, I remind him that all the Obama expenses and debt, plus Trump's future expenses and debt will all be marked to market in 2017.  We are likely to crash, though I admit the conservative  senators might  shut the Swamp  and save our ass. The only thing that gets rates down is sequester, as recent history shows.

Plus, as  I understood the Kanosian brain, a good crash was their plan. They actually say things like: 'Get rates up so we can crash tomorrow'.

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