Key Insights
Why did mortgage rates rise after Trump's election?
Mortgage rates rose due to investor fears of Trump's inflationary economic policies, including tax cuts and tariffs, which caused volatility in the bond market.
What did Trump promise regarding mortgage rates?
Trump promised to drive down mortgage rates to 2%, making it easier for people to finance or refinance their homes.
How did Trump's proposed economic agenda affect the housing market?
Trump's proposed economic agenda, viewed as inflationary, worsened the housing crisis by increasing mortgage rates before he even took office.
Why are consumers facing higher costs at Walmart?
Consumers face higher costs at Walmart due to Trump's threatened tariffs, which increase prices for common goods like lumber and shingles.
How did Fox Business report on Target's weak sales?
Fox Business blamed Target's weak sales on LGBTQ merchandise, suggesting it offended young mothers and damaged the company's reputation.
What is the economic impact of Biden's policies compared to Trump's?
Biden's policies have led to record low unemployment, 16 million jobs created, controlled inflation, record GDP growth, wage increases, and a manufacturing boom. Trump's policies, on the other hand, have caused mortgage rate hikes and increased consumer costs.
Why is Biden drilling more oil domestically than Trump?
Biden is drilling more oil domestically due to geological constraints and his focus on climate change, despite Trump's 'drill, baby, drill' rhetoric.
Chapters
- Mortgage rates are rising due to fears of Trump's inflationary economic policies.
- Trump promised to drive down mortgage rates to 2%, but rates are now nearing 7%.
- The bond market is reacting to the perceived chaos Trump will bring, leading to higher borrowing costs.
Shownotes Transcript
