Portfolio Return as of 12/31/22:
2020: 25.65%
2021: 29.15%
2022: -.019% (SP500 -18.01%)

Tuesday, January 24, 2023

Freddie Mac Mortgage Survey


News Summary

Debt Ceiling Hysteria and Hypocrisy
This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats.

The 1.5 Degree Temperature Target is a Dead Man Walking
Since the early 1990s, climate policy has focused on a number of different metrics around which to set policy goals, including emissions cuts (Kyoto 1997), atmospheric carbon dioxide concentrations (Copenhagen 2009) and global average temperature change from pre-industrial times (Paris 2015). In an earlier post I described the arbitrary and non-scientific origins of the 2 degree Celsius temperature target of the Paris Agreement (2015).

Biden admin appoints doctor who claims obesity is mostly genetic to Dietary Guidelines Committee
President Joe Biden’s administration appointed Dr. Fatima Cody Stanford, who claimed obesity was mostly genetic and not primarily driven by diet or exercise, to the Biden administration’s 2025 Dietary Guidelines Advisory Committee.

Obesity Statistics
Obesity currently affects four out of 10 Americans, according to data from the Centers for Disease Control and Prevention (CDC). While weight and overall health aren’t always connected, obesity is often considered a cause of multiple comorbid and chronic medical conditions, including type 2 diabetes, some forms of cancer and heart disease.


Starter Home Prices Are Soaring and Luxury Is in a Slump
For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the brakes. It’s little wonder that just about everyone seems to be searching for clues on where housing sales are going this year. But it’s not a one-size-fits-all market. Different kinds of homes—and the diverse people buying and selling them—have been affected in significantly different ways, especially when it comes to prices,


Scientific study concludes that the northern hemisphere will cool over the next 25 years
A scientific study has concluded that the world is in a cooling phase. In the face of the alarmism of global warming and climate change, the work of six renowned Norwegian researchers reveals several signs of this, such as the weakening of a warm water current in the Arctic and the increase of the frozen surface of Greenland. These findings are in addition to the fact that summer sea ice in the Arctic has been recovering for the past 10 years.

Freddie Mac Mortgage Survey