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Old 03-27-2020, 06:33 AM
 
2,724 posts, read 4,764,096 times
Reputation: 1042

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Mortgage applications decreased 29.4 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 20, 2020.

https://www.mba.org/2020-press-relea...survey-x263222

"Home purchase applications were notably impacted by rising rates and the widespread economic disruption and uncertainty over household employment and incomes. Last week's purchase index fell 15 percent to its lowest level since August 2019. Compared to a year ago, purchase applications were down 11 percent - the first year-over-year decline in over three months. Potential homebuyers might continue to hold off on buying until there is a slowdown in the spread of the coronavirus and more clarity on the economic outlook."
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Old 03-27-2020, 06:53 AM
 
2,724 posts, read 4,764,096 times
Reputation: 1042
Quote:
Originally Posted by Willy702 View Post
the dollar is quite strong.
The dollar is kaput. U.S. Treasury bonds have gone negative (a falling yield is dollar bearish), currency trading 101.
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Old 03-27-2020, 11:31 AM
 
Location: Southern Highlands
2,413 posts, read 2,030,668 times
Reputation: 2236
Quote:
Originally Posted by eventusstultorummagister View Post
The dollar is kaput. U.S. Treasury bonds have gone negative (a falling yield is dollar bearish), currency trading 101.
Nope.
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Old 03-27-2020, 11:35 AM
 
Location: Southern Highlands
2,413 posts, read 2,030,668 times
Reputation: 2236
Quote:
The dollar is kaput.
Nope.





https://www.thebalance.com/dollar-st...ht-now-3305726
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Old 03-27-2020, 11:55 AM
 
6,385 posts, read 11,886,305 times
Reputation: 6875
Quote:
Originally Posted by eventusstultorummagister View Post
The dollar is kaput. U.S. Treasury bonds have gone negative (a falling yield is dollar bearish), currency trading 101.
Maybe in the double wide you call home the dollar has no value and can be considered kaput. I assure you on the streets of just about every country in the world the dollar still is quite desired and can be exchanged for goods and services.
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Old 03-27-2020, 12:15 PM
 
10,609 posts, read 5,648,891 times
Reputation: 18905
Quote:
Originally Posted by eventusstultorummagister View Post
The dollar is kaput. U.S. Treasury bonds have gone negative (a falling yield is dollar bearish), currency trading 101.
Because they are kaput, Please post a video of you burning all your cash dollars.

I dare you.

In fact, I triple-dog dare you.
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Old 03-27-2020, 12:23 PM
 
Location: NNV
3,433 posts, read 3,753,374 times
Reputation: 6733
Quote:
Originally Posted by eventusstultorummagister View Post
The dollar is kaput. U.S. Treasury bonds have gone negative (a falling yield is dollar bearish), currency trading 101.
Send me your worthless dollars...I'll take them.
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Old 03-27-2020, 06:02 PM
 
Location: Las Vegas
3,631 posts, read 7,671,817 times
Reputation: 4373
Nothing unexpected in mortgage applications taking a short term hit.
It's going to be wait and see as far as recovery.
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Old 03-27-2020, 06:10 PM
 
2,724 posts, read 4,764,096 times
Reputation: 1042
Quote:
Originally Posted by RationalExpectations View Post
Because they are kaput, Please post a video of you burning all your cash dollars.

I dare you.

In fact, I triple-dog dare you.


How ironic... At the peak of inflation in the Weimar Republic, people burned banknotes for warmth, as their face value had fallen below their value as fuel.
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Old 03-27-2020, 06:54 PM
 
Location: In the middle of nowhere... and enjoying it
1,937 posts, read 823,949 times
Reputation: 1799
Quote:
Originally Posted by Vic Romano View Post
Send me your worthless dollars...I'll take them.
Me too!
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