🏡 Why is homeownership so much harder in the UK than in the US?
Image Source: @PershingSquare @BillAckman
In the UK, most mortgages are short-term fixed or variable, meaning homeowners are constantly at the mercy of market shifts.
In the US, 90%+ of mortgages are fixed for 30 years, so buyers lock in their rates and don’t have to worry about constant renegotiation.
So why the difference? UK banks rely on short-term funding, while the US has a deep mortgage-backed securities market that spreads the risk.
Basically, UK homeowners get all the uncertainty, while banks keep the flexibility. Fair system? @garyseconomics @RachelReevesMP
#FNMA #FMCC @BillAckman I keep seeing people say that a lot of dilution would happen if Fannie and Freddie became private. Can someone explain why that might be the case, and what are the chances of that happening?
The UK government needs to raise tax revenue between £5.24 billion and £11.29 billion or reduce government spending by the same amount. (Calculations were made based on refinancing requirements, and interest payments increase as a result). Austerity is coming!
@garyseconomics
If my calculations are wrong, maybe an MP can confirm the exact figures @RachelReevesMP #Budget2025
This ICT method that everyone's hyping up in the trading world. I think it's total BS. Like, they talk about "smart money concepts" and "market structure shifts" like it's some secret sauce to getting rich quick
Plus, there's this whole vibe of "you need to understand our special language" to be successful, which just smells like a classic guru tactic to keep you coming back for more courses and insights.
AT retweeted
Thank you @SquawkCNBC Becky, Joe, and Andrew for a great session on @realDonaldTrump, @KamalaHarris and the election!
.@BillAckman outlines the reasons why he's supporting @realDonaldTrump, ranging from foreign policy to leadership strength:
If you pay for “stock signals”, just remember: if the people giving you stock signals really knew what they were doing, you wouldn’t even know they existed. Imagine hedge fund managers on Telegram selling “courses”.
AT retweeted
I grew up in a lower, transitioning to upper, middle income situation, but did not have a happy childhood. Haven’t inherited anything ever from anyone, nor has anyone given me a large financial gift.
My father created a small electrical/mechanical engineering company that was successful for 20 to 30 years, but it fell on hard times. He has been essentially bankrupt for about 25 years, requiring financial support from my brother and me.
That said, he does deserve credit for teaching me the fundamentals of physics, engineering and construction, which is more valuable than money, but did not support me financially after high school in any meaningful way.
Our condition of providing him financial support was that he not engage in bad behavior. Unfortunately, he nonetheless did. There are young children involved, so we continued to provide financial support for their well-being.
Regarding the so-called “emerald mine”, there is no objective evidence whatsoever that this mine ever existed. He told me that he owned a share in a mine in Zambia, and I believed him for a while, but nobody has ever seen the mine, nor are there any records of its existence.
If this mine was real, he would not require financial support from my brother and me.
AT retweeted
Yes it's the end of your Economics exam journey but we are the EconplusDal family, the love is mutual - stay with me and spread the word to the next year. Feeling emotional right now 😢 but blessed to have such incredible support from you. You are my true inspiration❤️ #onefamily
AT retweeted
Sunday evening at Silverstone. The #BritishGP weekend is over.
But for Seb, the race for the planet never ends. 💚
