https://discord.gg/tG5RBgw FlatRedBall C#/MonoGame game engine with tools. Need Help? http://flatredball.com/help/ Get started: http://flatredball.com/documentation/tutorials/ It's dangerous to go alone! Take Vic.
I guess that makes sense if earnings do in fact come back after a year.
so sure, S&P 500 is only down to Feb 2019 price, but small cap index is down to 2016 levels
which makes sense because a lot of the behemoths in the S&P 500 are large enough to weather the storm and suck up competition due to this
Dow jones (as not great of an index that is) is down to october 2017 prices
Nasdaq composite is high but i'ts a small index with extreme heavy weights
Vanguard financial industry ETF is down to 2016 prices.
And that's where I'm kinda torn too. I look at houses and say "Man, if they drop in value I'll be all about them" which implies I subscribe to the one-year drop in revenue with a rapid recovery.
So it's weird for me to expect everyone to disagree with me and see this as a permanent thing that should drop prices way more so that I can buy stuff cheap.
The stats I collected earlier that were released today:
- 5.245M initial jobless claims last week
- March housing starts at 1.216M, down from 1.564M in Feb (down 22.3%)
- Philadelphia manufacturing index is at -56.6 compared to -12.7 in march and +36.7 in Feb (>0 indicated improving conditions, <0 indicates worsening conditions) Lowest reading since July 1980
- Philadelphia manufacturing Employment index fell to -46.7 compared to +4.1 last month, lowest since March 2009
- Building permits down 6.8% MoM (last month was down 6.3%
- Continuing jobless claims, 11.976M (up from 7.446M last month
- 4 week average jobless claims: 5.5M, up from 4.3M
But if homeowners are able to live there for 6 months, no one is going to sell.
I'm not expecting changes for ~8 month
because you need forebearance consequences to play out, and evictions start to become "legal" again
What I'm getting at is - if there 's political will to support people who pay mortgages, housing could stay pretty high.
Servicers have no control over that
Fannie Mae?
40% or so of all mortgages aren't backed by Fannie/government investors
they are backed by private investors/mortgage holders
also remember
Mortgage servicers still have to pay the investors while you are in forbearance
That's why usually loans aren't extended and you have to pay the whole amount after forbearance
For homeowners.
the bot is up there
actually looks really nice
that discord button on the right
If so, can you push it up a little bit so it doesn't overlap the other chat?
it only shows up on /chat right now
Do you mean to get rid of the gitter chat button?
which we were supposed to work on during frbcon :(