05-15-2024, 02:24 PM
I think (again, not an economist, but...) actual rents, not "owner's equivalent rents") depend on costs for the lessor, the main one being mortgage/financing cost. I'm just saying I think if the Fed started to drop rates, mortgage rates would follow, and pressure to increase rents would dissipate.
BTW, as far as I can tell, the S+P is hitting new all-time highs today (at least so far - as I write this, it's at 5279, which is the new 52-week high).
All the indices are green. Basically worthless meme stocks, on the other hand, like GME (-30%), AMC (-26%), and DJT (-1.4%) are having a tough day.
Pump, then dump.
Edit: NASDAQ also setting new highs. Bidenomics is a disaster.
:RollingEyesSmiley5:
BTW, as far as I can tell, the S+P is hitting new all-time highs today (at least so far - as I write this, it's at 5279, which is the new 52-week high).
All the indices are green. Basically worthless meme stocks, on the other hand, like GME (-30%), AMC (-26%), and DJT (-1.4%) are having a tough day.
Pump, then dump.
Edit: NASDAQ also setting new highs. Bidenomics is a disaster.
:RollingEyesSmiley5: