A viral claim suggesting Wall Street firms purchased 44% of American homes in 2023 has been making the rounds. However, according to a new HousingWire analysis, this narrative is far from reality. Data from Freddie Mac reveals that large institutional buyers"defined as those purchasing 100 or more homes annually"have never exceeded a 2.5% market share since 2000, even at their peak. In fact, as of Q2 2023, institutional buyers with portfolios of over 1,000 homes accounted for a mere 0.4% of the market. read more
Argentina has achieved a historic milestone by eliminating its fiscal deficit for the first time in 123 years, a significant announcement made by President Javier Milei. This achievement is attributed to several aggressive economic reforms and austerity measures implemented since he took office one year ago. read more
Elon Musk is right. The Pentagon, with a budget of $886 billion, just failed its 7th audit in a row. It's lost track of billions. Last year, only 13 senators voted against the Military Industrial Complex and a defense budget full of waste and fraud. That must change. read more
Nothing captures the dramatic ideological transformation of the Republican Party more vividly than President-elect Trump's proposed cabinet. read more
Young men like Tasker, seen as a solidly Democratic group less than two decades ago, have been shifting further to the right politically as their economic outlook has been on a downward trajectory, especially among those without a college degree, said pollsters and social scientists. While the economy has been a top issue for many voters, it's been a particularly salient one for young men and one tied into their wider cultural ideals about their place in society and wanting to be a provider for their families. read more
Party of Fiscal Reaponsibility?
#1 | Posted by Doc_Sarvis at 2024-12-19 12:10 PM | Reply
On June 3, 2023, the debt ceiling was suspended when U.S. president Joe Biden signed the Fiscal Responsibility Act of 2023 into law. This ended the debt-ceiling crisis that began on January 19, 2023; the debt ceiling suspension will remain in effect until January 2, 2025.
At some point the irony is going to start killing people.