Tag Archive for: jobs

People No Longer Move For Jobs – And It’s Bad! (Data That Will Amaze You)

Laura Ingalls Wilder (of Little House on the Prairie fame) moved SEVEN times when she was a little girl in the 1870s (from Wisconsin to Missouri to Kansas to Wisconsin to Minnesota to South Dakota). She failed to mention three of the moves in her famous books because they didn't always work out well, and life was pretty tough (extreme poverty, death of her little brother, “Pa” worked as a hotel clerk, etc.) I learned about this in a book about Laura called “Prairie Fires.” It told the real story of the Ingalls family – and it also mentioned that Michael Landon (who played “Pa” in the TV series) got shitfaced drunk every day during filming (which was obviously the best part of the book). TV Pa also had the peculiar habit of taking his shirt off and wrapping bandages tightly around his love handles every time he got injured – which always made me question the authenticity of the TV show.Read More

If AI Kills 50% Of White Collar Jobs – Interest Rates Will Plummet to 0%!

Anthropic’s (Claude’s) CEO thinks AI will wipe out a full 50% of white-collar jobs. And terrifyingly, he’s not alone, as Elon Musk, Mark Benioff (Salesforce dude), Ford’s CEO, and Microsoft’s AI Chief all agree. If that happens, unemployment will shoot to over 30%! And NOTHING panics the Fed more than rising unemployment. Even a 10% rate would result in a 0% Fed Funds Rate, let alone 30%.Read More

Strong Job Numbers Push Rates Back Up; Conventional Vs. Conforming Loans – Difference?

We had a stronger-than-expected jobs report from the government (BLS) today - and rates shot way up.Read More

How Low Do Rates Need to Go For Purchase Market to Boom? Wow – Rigged Employment Numbers!

Wow! The jobs report was rigged - beyond anything anyone could have ever imagined. Friday's blockbuster jobs report was propped up entirely by the biggest surge in government hiring in history. Rates shot through the roof on Friday and again today because the jobs report was so strong.Read More

Down Payment Assistance Is Finally “Cool;” Labor Market Cracks Open Further

Unbelievable: “41% of buyers believe they need to put down 20% to purchase.” That is from a recent Inman article. But First – Good Gravy, The Private Sector’s In A […]Read More

Labor Market Cracks Further; OTHER Reason Rates Shot Up Friday – Japan!

Danielle DiMartino Booth has been saying that we have been in a recession since November – based on her assessment of the labor market (which is and has been much […]Read More

5 Fail-Safe Recession Indicators

Three pieces of news surfaced yesterday that should have pushed interest rates through the roof! 1) Inflation (CPI) came in much hotter than expected; 2)The Fed made comments about “rates needing to stay higher to ensure inflation is tamed;” and 3)An employment report (jobless claims) came in much stronger than expected. When I saw this news surface, I thought we’d see rates climb at least 1/4% yesterday, but instead they actually fell a bit.Read More

Change Jobs, Lose Bonus Income & LOSE HOUSE!

It is usually 100% OK to change jobs at any time IF … borrowers are NOT dependent upon bonus, overtime or commission income to qualify. If, however, borrowers are dependent […]Read More