What does a TRUMP presidency look like?

[Zoupa]

Feels high to me. I just renewed at 3 % and was annoyed. My previous rate was under 2.

[celedhring]

Yeah, last year I renewed at 2.5% and regretted not doing it earlier. Most fixed rate offerings now are around 3%.

While ECB rates are lower than the Fed, the premium is still larger. We haven't had mortgages above 6% since the 2000s housing bubble. And you have to go back to the 1990s to find them consistently above that.

Again, I'm too ignorant in these matters to know what's better or worse (and the answer I suppose is a flavor of "it depends").

[Maladict]

I will be at 2% until 2049, quite pleased with that.

[Tamas]

Isn't it usually a fixed for full term mortgage in the US, like how sane people should do it? That would explain the discrepancy.

[celedhring]

Isn't it usually a fixed for full term mortgage in the US, like how sane people should do it? That would explain the discrepancy.

Mine is fixed, too. Although it is true that variables are prevalent in Spain. But I am getting old and thus I hate uncertainty. 

I'm seeing that an explanation is that in Spain (dunno the rest of the EU) you can't give back the house and walk away from the mortgage (over here the house is auctioned and you are only guaranteed 50% of the mortage principal), while in the US you can - so there's more risk.

[DGuller]

Comparing to Fed rates is not the right comparison either, as mortgages are long-term, but Fed rates are definitely not.

[HVC]

'I don't need international law': Trump says power constrained only by 'my own morality'

[Crazy_Ivan80]

Batshit insane.

[Richard Hakluyt]

'I don't need international law': Trump says power constrained only by 'my own morality'

Indeed, and with his "morality" it won't be long before he demands a annual tribute of virgins from somewhere or other.

[Admiral Yi]

Maybe he should have let go? These dudes think they're all Rambo.

According to the reporter his hand was wedged.

[The Minsky Moment]

I don't have enough knowledge to judge the likely outcome of the proposed plan, but my instinct is that this is yet another way for Trump and his cronies to loot the US system.

Loot not exactly, but it would be interesting to know what hedge funds were building agency bond exposure before this announcement.

[Syt]

'I don't need international law': Trump says power constrained only by 'my own morality'

Indeed, and with his "morality" it won't be long before he demands a annual tribute of virgins from somewhere or other.

He can just relaunch his teenage beauty contests for that.

[Savonarola]

Yet another setback for The Resistance:

National Park Service will void passes with stickers over Trump's face

Here's the 2023 Annual Park Pass:



And here is 2026:



I hope Trump doesn't see the 80s era GI Joe cartoon where Cobra Commander carves his face on the moon.  If he does I think NASA's new directive would be to carve Trump's face on the moon.

[HisMajestyBOB]

Real North Korea level shit.

[Grey Fox]

He's the leader America needs, love him or die.