NONCONFORMING-CONFORMIST

Credit Suisse Is In Deep Trouble. Contagion Risk Is Low??? Maybe? Maybe not- let's review. Yet the market hasn’t been very comforted: The spread on Credit Suisse’s credit-default swaps, instruments that offer insurance against a company’s debt default, widened to its worst level since the Great Financial Crisis. Everything old is new again. There are major problems at a big storied bank and “credit default swaps” are being watched closely once again against a backdrop of wider worries about a potential recession. Investors may be feeling a bit of déjà vu, but it’s not 2008—even if it will make for a tricky earnings season for U.S. banks. American depositary receipts of Credit Suisse CSGN –4.15% Group (ticker: CS) got a small reprieve Monday amid the broader market rally, but are still bouncing along near their 52-week lows, following declines of its Swiss-traded shares (CSGN.Switzerland). The bank is grappling with the fallout of two big crises—the collapse of the U.S. hedge fund Archegos and the British financial firm Greensill—which combined cost it billions of dollars and led to a management shake-up. The problems aren’t new: Nearly a year ago, Credit Suisse pledged to restructure following the blows—which themselves came months before a nearly half-billion dollar settlement stemming from an older scandal tied to loans it made in the African country of Mozambique. The higher spread indicates that investors think the bet that Credit Suisse will endure is getting riskier. Year to date, Credit Suisse’s spread has widened ahead of other major European and U.S. banks, according to data from Refinitiv. Put another way, the cost of ensuring Credit Suisse’s riskier subordinated debt has shot up more than 27% from just over a week ago, as The Wall Street Journal noted. Lehman Brothers’ collapse may be the analogy that springs to mind, but Credit Suisse’s size and importance make that scenario less likely, even the pessimists say. “Credit Suisse is NO Lehman, but it´s on par with Bear Stearns,” opines The Bear Traps founder Larry McDonald. Nonetheless, with Europe mired in war and an energy crisis, and government bonds declining, a troubling picture for the bank is forming as the Continent teeters toward recession. Credit Suisse’s market capitalization has fallen under 10 billion Swiss francs, which is a “worrying sign,” for a bank of its caliber, warns Keefe, Bruyette & Woods analyst Thomas Hallett. “We fear a negative feedback loop is now engulfing Credit Suisse, similar to Deutsche Bank DBK –1.69% in 2016 …replenishing the capital base, undergoing a large-scale cost reduction plan and a material shrinkage of the investment bank is the only way to stabilize investor perception and put the bank on a path to restore medium-term profitability.” He estimates the company will need some 6 billion francs, two-thirds of which will have to come from a “highly dilutive capital raise,” meaning potentially further downside for the stock. Credit Suisse declined to comment. The good news is that Credit Suisse’s woes don’t appear have the scale to create a domino effect that would topple U.S. banks, which have been posting quarterly profits during Credit Suisse’s recent losses. Nor were banks like Goldman Sachs GS –1.81% (GS) and Morgan Stanley (MS), which were also involved with Archegos, as negatively impacted. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.mbglobalestategroup.com *MASTER YOUR MINDSET AND UNLOCK YOUR LIFE!

The Infancy Of A Global Police Force: Chinese Law Enforcement ‘Service Stations’ Operating In USA & Dozens Of Other Nations China has opened a number of “overseas police service stations” worldwide, including several in Toronto, according to a report. “These operations eschew official bilateral police and judicial cooperation and violate the international rule of law, and may violate the territorial integrity in third countries involved in setting up a parallel policing mechanism using illegal methods,” the report by Safeguard Defenders, a human rights watchdog, said, according to the Multiple media outlets The report, titled “110 Overseas: Chinese Transnational Policing Gone Wild,” details China’s extensive efforts to combat “fraud” by its citizens living overseas, in part by opening several police stations on five continents that have assisted Chinese authorities in “carrying out policing operations on foreign soil.” this leaves the door open for espionage operations conducted by China on foreign soil. It said Toronto has three of these stations, New York City the other in North America. Europe has the most, according to the report, including London, Budapest, Athens, Paris, Madrid, and more. In all, the report said there are 54 stations in 30 different countries. It also says how China has tried to get Chinese nationals living abroad to return to China “voluntarily” to face criminal prosecution. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.mbglobalestategroup.com *MASTER YOUR MINDSET AND UNLOCK YOUR LIFE! @Tim McClone

Update on Inflation, Recession Fears, and Housing Update(interesting data on housing) Housing (7:47) Economic Collapse Has Arrived In Germany. Will The U.S. Be Close Behind? Things are starting to get really crazy in Germany. The Germans are dealing with the worst inflation crisis that they have seen since the days of the Weimar Republic, and meanwhile, economic activity is starting to shut down all over the nation. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... www.mbglobalestategroup.com *MASTER YOUR MINDSET AND UNLOCK YOUR LIFE! @Tim McClone

Overview: 1. The Middle-Class Tax Refund (MCTR) is a one-time payment to provide relief to Californians. 2. If you are eligible, you will automatically receive a payment. Payments are expected to be issued between October 2022 and January 2023. Need some help? If you have further questions regarding this one-time payment, contact our customer service representatives. Phone 800-542-9332 Weekdays, 8 AM to 5 PM Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.mbglobalestategroup.com *MASTER YOUR MINDSET AND UNLOCK YOUR LIFE! #elonmusk #chase #nft #trending #interestrates #instagram @Tim McClone ​

CURRENTLY, IN LAKE TAHOE NEVADA LOOKING AT INVESTMENT OPPORTUNITIES. STRs are a great way to increase positive cash flow. That said, Not done correctly-you will lose the property and never want to invest in Short-term rentals again. This video will review action items to maximize your profits for short-term rentals. #elonmusk #nft #crypto #interestrates #chase #art #bitcoin Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.mbglobalestategroup.com *MASTER YOUR MINDSET AND UNLOCK YOUR LIFE! @Tim McClone ​

We have done 3 videos on this issue: 1. 2 on Biden's executive orders (At end of video) 2. One on Cashless Society: https://youtu.be/2xj15dnGDhU The White House Friday unveiled a new framework for regulating digital assets including cryptocurrencies, which includes increased oversight and exploring the creation of a potential digital U.S. dollar, marking the Biden administration’s most significant effort yet to establish a policy to regulate crypto assets. SO The White House outlines Plan to regulate cryptocurrencies-Here’s what you should know about this guys. I told you it was coming in 2 videos 6 months ago(Biden executive orders) I will include these videos and the link for the cashless society video I did 9 months ago. They have been watching this closely and planning it for years guys. Make no mistake about it. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... www.globalestatepropertygroup.com #chase #elonmusk #kimkardashian #nft #art #bitcoin #crypto #cryptocurrency #cryptonews @Tim McClone

Law Office of Crystal Hayes and Associates & My Legal Team, Inc Christal Hayes Hill is a top Probate attorney in Los Angeles and Long Beach, CA. She has received many awards and honors throughout her career. ATTORNEY PROFILE Crystal Hayes Hill is a family law and probate attorney with 20-plus years of legal experience. She established the Law Offices of Crystal Hayes Hill in 2018 to offer top-notch legal services to the residents of Long Beach and Orange County, California. She assists families with a wide range of legal matters that involve divorce, child custody, support, alimony, marital agreements, and property division. Ms. Hill’s estate planning services involve her preparation and review of wills, trusts, powers of attorney, health care directives, special needs planning, conservatorships, guardianships, and more. She ensures her clients’ wishes are clearly stated and their assets get taken care of the way they want them. Her previous experience as a probate attorney at a boutique law firm enables her to efficiently litigate probate matters in court. Additionally, she coaches litigants who self-represent themselves in family law and probate matters. Majoring in English language and literature, Ms. Hill graduated with her Bachelor of Arts from the University of California, Berkeley in 1996. She completed her legal education at Cornell University in 1999 and was admitted to practice in California in 2001. Studied at UC Berkeley and Cornell Law School. Previous experience: Attorney/boutique probate law firm; Owner/Principal of Beverly Hills Law Firm specializing in Probate, Estate Planning, and Family Law; Site Supervising Family Law Attorney for Los Angeles Superior Court's Resource Center; Managing Attorney Los Angeles Superior Court's Probate Clinic. Ms. Hill has extensive experience in community services and pro bono activities. She taught probate and estate planning quarterly classes at the Los Angeles Law Library and provided free legal consultations as a part of Lawyers in the Library. She also served as an adjunct professor at the Loyola Law School. Furthermore, she has lectured at several conferences and seminars across California. An accomplished attorney, Ms. Hill was named to the Top 100 Lawyers list by the prestigious National Black Lawyers and was listed among the Top Ranking Attorneys by the American Association of Attorneys Advocates in 2021. She was also recognized among the Top 20 Divorce Lawyers in Long Beach by Expertise.com and rated “Good” on Avvo. A board member of the Black Women Lawyers Association, Ms. Hill formerly served the Los Angeles Superior Court's Resource Center as a site supervising family law attorney and as a managing attorney at its Probate Clinic. #elonmusk #kimkardashian #interestrates #chase #nft #opensea If you need a family Law, Probate, Wills, Trusts, and Estates Attorney in Wisconsin my Father has been practicing for 40 years. Michael McClone: Attorney at Law Email for more information: info@globalestatepropertygroup.com Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... www.globalestatepropertygroup.com

The new term in the headlines is "HOUSING RECESSION"!!! Expert economists said they can't define it! Is there a difference between a Recession and the Housing Recession? Let's get into the data. IT IS ABOUT LOW AND SLOW! #elonmusk #peterschiffgold #robertkiyosaki #interestrates #europeancentralbank #kimkardashian #privateequity #goldmansachs #opensea #nft #skkyzone #chase #jpmorgan Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.globalestatepropertygroup.com @Tim McClone ​

You think things are bad in the United States! Eurozone is even worse! The ever-changing storyline for inflation! Eurozone Producer Price Inflation At New Record High: Eurozone producer price inflation accelerated unexpectedly to a fresh record high in July on soaring energy prices, data released by Eurostat showed on Friday, adding pressure on the European Central Bank to act forcefully against runaway inflation when policymakers meet next week. Producer prices surged 37.9 percent year-on-year in July, following a 36.0 percent rise in June, which was revised up from 35.8 percent. Economists had forecast the same 35.8 percent increase for July. The upward trend in inflation was largely driven by a 97.2 percent jump in energy prices. Excluding energy, producer price inflation softened to 15.1 percent from 15.7 percent. Prices for intermediate goods registered a sharp growth of 21.6 percent annually in July and those for non-durable consumer goods gained 13.8 percent. There was an increase of 7.9 percent and 9.8 percent in producer prices of capital goods and durable consumer goods, respectively. On a monthly basis, producer prices increased at a faster rate of 4.0 percent in July, after a revised 1.3 percent rise in the prior month. The expected increase was 2.5 percent. Producer prices in the EU27 grew 37.8 percent yearly and by 3.7 percent monthly in July. Among member states, the highest annual increases were observed in Romania, Bulgaria, and Denmark. With inflation readings hitting new record highs, pressure is mounting on the European Central Bank policymakers to tighten policy aggressively. Recent comments from policymakers also suggested that they favor forceful action against runaway inflation. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.globalestatepropertygroup.com @Tim McClone ​

This is my Third Video on the China Real Estate Crisis. In the United States, Smart money is still going into Real Estate. Big Institutional Investors, Small Investors, and If you want to move or downsize, it's still a great market to sell, but a bit more challenging than in the last few years. f you are looking to buy a home and live there for a while, real estate has always been a great long-term builder of wealth and there is nothing to suggest that is changing if you can afford the home. Finally, if you can find a property that will give you cash flow, this is a great time to get solid cash flow and enjoy the tax benefits of real estate. China has been trimming interest rates recently – in contrast to other major economies – as it tries to stem the economic effects of its zero-COVID policy and address a growing property crisis. The country’s traditionally strong housing market has been affected by a funding crisis that has seen development paused and led to buyers refusing to pay their mortgages. To date, more than 300 groups of homeowners are believed to be refusing to pay between US$150 billion (£127 billion) and US$370 billion in home loans, according to informal surveys published online. These protesters all have one thing in common: they have been paying mortgages, often at a rate of 5%-6%, on homes they have never lived in. These properties were sold before they were built under what’s called the presale system, which is a common way to buy property in China. The trigger for the buyers’ strikes is a widespread belief among these protesters that the funds homeowners have paid in advance to the builders of these property developments have been misused. Under the presale system, buyers deposit money in an account before the property is built. Chinese banks and local authorities are obligated to monitor developers’ use of these funds. Developers are not supposed to have access to all of the money until they have hit certain pre-agreed milestones during the building process. But buyers have recently complained that many banks –- whether or not local authorities are aware is unclear –- have been providing loans to developers before the required stage of work has been reached. Buyers have also complained that, although these funds should have been kept in designated escrow accounts that regulators can monitor, sometimes they are not, enabling developers to evade regulations. Overall, these buyers believe loose regulation of funds has provided some developers with both the temptation and ability to keep investing in new projects, by borrowing more before current projects are completed. Indeed, a commonly observed pattern in China’s property development industry is for developers to purchase lands, pledge them to banks to get loans, start projects, begin the presale process with buyers and then use these funds to purchase lands for other projects. In such situations, only a portion of a buyer’s funds might go towards the construction of their own property. As a result, a recent liquidity crisis in the sector has stalled many projects because the developers involved can’t afford to continue building. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ www.globalestatepropertygroup.com @Tim McClone ​

Is going to college one big scam? Let's delve into both sides of the issue. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ @Tim McClone ​

Anyone worth their salt is working 10-20 hours a day! Everyone wants it Yesterday and feels a sense of entitlement! Put a list together of everything you want in life and spend 25 years trying to get it. You get it early, put another list together! Never stop! The Backlash Against Quiet Quitting Is Getting Loud People have serious opinions about not taking your job too seriously. The viral term “quiet quitting” isn’t really about quitting, nor is there anything quiet about the debate it has unleashed about careers and coasting this summer. What started as a quiet movement among office workers looking to draw firmer work-life boundaries after two years of pandemic over time has grown into a rallying cry. Of course, every generation of workers has had its anti-work philosophies, and many managers and striving colleagues have always taken issue with them. Cue the quiet-quitting backlash: The concept has sparked a flood of vehement commentary from business leaders, career coaches, and other professionals lamenting what the shift away from hustle culture means for Americans’ commitment to their jobs, while some young professionals are praising it. “Quiet quitting isn’t just about quitting on a job, it’s a step toward quitting on life,” wrote Arianna Huffington, founder of health and wellness startup Thrive Global, in a LinkedIn post that has garnered thousands of reactions. Kevin O’Leary, co-star on ABC’s “Shark Tank” and chairman of O’Shares ETFs, called quiet quitting a horrible approach to building a career: “You have to go beyond because you want to. That’s how you achieve success,” he said in a CNBC video essay. How quiet quitting’s advocates and critics react depends on what they think the phrase means—and interpretations vary wildly. Some professionals argue the concept is saying no to extra work without extra pay and work stress, not necessarily phoning it in. Many detractors say the quiet quitting mind-set fosters laziness and hurts performance, even if baseline job expectations are being met. Quiet quitters may think they’re preventing or curing burnout by doing less work, but better options exist, Ms. Huffington said in an interview. Coasting through your career instead of finding truly engaging work is a missed opportunity, especially when you could find more meaningful work in today’s hot job market, she added. “As an employer, I really love when people in interviews say, ‘I give 100% when I’m working, and these are my boundaries.’ That’s very different from, ‘I do the bare minimum to get by,’” she said. While some bosses push back against quiet quitting, saying that going above and beyond is the best way to get noticed, get raises, and climb the corporate ladder, many workers are heaping scorn on the term itself, calling out the irony of doing a 9-to-5 job and calling it quitting. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon...

Number 11 of my 44 Pearls for Health & Fitness! Consult with your doctor before taking this or any medication. Now It is important more than ever to stay healthy and keep that brain functioning at 110%. DON'T WASTE YOUR TIME OR MONEY TAKING ORALS! THE ONLY WAY TO TAKE THIS PRODUCT IS THROUGH INJECTION Glutathione is a naturally occurring antioxidant produced by the liver that helps to remove free radicals and toxins. Glutathione is a natural compound found in the liver as well as in many fruits and vegetables, like garlic, onions, avocado, parsley, and squash,” Lin explains. “In the liver, it’s a powerful antioxidant that is used by your body to help remove free radicals and toxins.” Practitioners claim taking glutathione orally doesn’t deliver the same detoxifying results, since it just gets absorbed by your digestive system—thus, the injection method. Glutathione is a substance made from the amino acids glycine, cysteine, and glutamic acid. It is produced by the liver and is involved in many body processes. Glutathione is involved in tissue building and repair, making chemicals and proteins needed in the body, and in immune system function. People take glutathione for aging, alcohol use disorder, liver disease, heart disease, and many other conditions. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/

Over the past 30 years or so, large real estate companies, often franchise organizations, have grown to dominate the market. However,… during the last few years technology has made such drastic changes to the real estate industry that the tide has changed,… bigger isn’t better anymore. All the senior executives at Compass are selling their stock and running for the hills Can a smaller company compete with the “Big Box” real estate firm, or can they not only compete but at the same time beat them out in service and added value? GOOD AGENTS/Brokers ARE GETTING MORE INDEPENDENT THE “BIG BOX' - MORE BUYERS MYTH... Those agents representing a “Big Box” will say 'BIG' which means more buyers will see your property. But is size an important issue when it comes to exposing your property to the marketplace? Does ‘BIG’ really mean more buyers? This does not just apply to the Real Estate Sector. More people over the last couple of years are branching off in other sectors and starting their own boutique businesses Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... @Tim McClone

The Interesting Timing of the Partnership between Zillow & Open-door “Zillow, Inc. and Opendoor Technologies Inc. have announced a multi-year partnership that combines two category leaders to transform how people start their move. FTC Takes Action to Stop Online Home Buying Firm Opendoor Labs, Inc. from Cheating Potential Sellers with Misleading Claims about its Home-Buying Service Company Will Have to Pay $62 Million and Stop Deceiving Consumers about the Supposed Benefits of its Service The agency’s investigation found that Opendoor also violated the law by misrepresenting that: Opendoor used projected market value prices when making offers to buy homes, when in fact those prices included downward adjustments to the market values; Opendoor made money from disclosed fees, when in reality it made money by buying low and selling high; consumers likely would have paid the same amount in repair costs whether they sold their home through Opendoor or in traditional sales; and consumers likely would have paid less in costs by selling to Opendoor than they would pay in traditional sales. Opendoor has agreed to a proposed order that requires the company to: Pay $62 million: The order requires Opendoor to pay the Commission $62 million, which is expected to be used for consumer redress. Stop deceiving potential home sellers: The order prohibits Opendoor from making the deceptive, false, and unsubstantiated claims it made to consumers about how much money they will receive or the costs they will have to pay to use its service. Stop making baseless claims: The order requires Opendoor to have competent and reliable evidence to support any representations made about the costs, savings, or financial benefits associated with using its service, and any claims about the costs associated with traditional home sales. The Federal Trade Commission today took action against online home buying firm Opendoor Labs Inc., for cheating potential home sellers by tricking them into thinking that they could make more money selling their home to Opendoor than on the open market using the traditional sales process. The FTC alleged that Opendoor pitched potential sellers using misleading and deceptive information, and in reality, most people who sold to Opendoor made thousands of dollars less than they would have made selling their homes using the traditional process. Under a proposed administrative order, Opendoor will have to pay $62 million and stop its deceptive tactics. “Opendoor promised to revolutionize the real estate market but built its business using old-fashioned deception about how much consumers could earn from selling their homes on the platform,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection. “There is nothing innovative about cheating consumers.” Opendoor, headquartered in Tempe, Arizona, operates an online real estate business that, among other things, buys homes directly from consumers as an alternative to consumers selling their homes on the open market. Advertised as an “iBuyer,” Opendoor claimed to use cutting-edge technology to save consumers money by providing “market-value” offers and reducing transaction costs compared with the traditional home sales process. Opendoor’s marketing materials included charts comparing their consumers’ net proceeds from selling to Opendoor versus on the market. Those charts almost always showed that consumers would make thousands of dollars more by selling to Opendoor. In fact, the complaint states, the vast majority of consumers who sold to Opendoor actually lost thousands of dollars compared with selling on the traditional market, because the company’s offers have been below market value on average and its costs have been higher than what consumers typically pay when using a traditional realtor. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... @Tim McClone

1. In this video, we will delve into Senate Bill 1105 (Hueso) and Senate Bill 679 (Kamlager) These bills will increase California property owners' taxes! 2. Follow-up information on the Inflation Reduction Act Two bills coming up 2022 primary election PSAR OPPOSES Senate Bill 1105 (Hueso) and Senate Bill 679 (Kamlager) each of which creates an unelected agency with the power to impose a range of new property taxes. Those taxes would make keeping and getting into a home more expensive and difficult, potentially taxing people out of their homes and pushing homeownership out of reach for many of California's working families. Homeowners need YOUR help to STOP these bills! Please ask your clients to TAKE ACTION NOW! SB 1105 grants vast, unchecked, taxing and bonding authority to an unelected Housing Agency Board in San Diego which would consist of 6 appointed representatives, serving 4-year terms that can by resolution, or initiative, impose: special taxes on real property, a parcel tax, a gross receipts business license tax, a special business tax, a documentary transfer tax, a special land value windfall tax, or a commercial linkage fee. The proposed Agency requires revenues generated to assist in the construction of housing broadly defined. Revenue could go to large developers of rental homes and no restrictions on the agency purchasing single-family homes which could then further limit the opportunities for home ownership. The costs of solving California’s housing problems should not be placed on working Californians struggling to stay afloat and keep their homes in a tough economic environment, especially when there is a 97 billion dollar state surplus. Similar to SB 1105, SB 679 would establish a local Housing Agency in LA with a 19-member “governing board” to raise revenues through: a parcel tax gross receipts business license tax a document transfer tax, or the issuance of bonds to fund affordable housing preservation (acquiring, rehabilitating, deed restricting, etc.). We are stronger together, and your voice will help us defeat SB 1105 and SB 679. For questions, please contact realtorparty@car.org.

Life can't be all work and no play! This is the final Completed product. A follow-up to the first video of the project. SIDE NOTE: Please call Suicide & Crisis Lifeline if you are struggling! Someone will be kind and help you: 988 Suicide & Crisis Lifeline: Need Support Now? If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat at 988lifeline.org This car is absolutely nuts! Due to Covid 19 completion of the car was delayed. The last piece to the puzzle was installing the MBH LONG TUBE HEADERS. We forgot to launch a video on the project. The car took 13 months to complete. I am passionate about cars. It eases the stress of the day-to-day grind. My business partner and I like to customize cars and sell them. We average 2-3 cars a year. Covid changed things. We just do it to keep our brains even. We have day jobs, so this is all about the love of cars. Completed projects over the last 3 years: 2014 SHELBY GT500, 2020 GT 500(FLIPPED IT), 2013 C63AMG, and a ZL1 CAMARO My business partner is a certified mechanic, certified AMG Mechanic, and worked for Porsche. He is a superstar. I find the cars and put the deal together and he makes them come alive!!! THIS CAR HAS BEEN SOLD! OUR NEXT PROJECT IS A 1987 BUICK GRAND NATIONAL. MORE TO COME C63: Full Renntech Package Head Work Suspension work Pulley 20-inch Rims V black-out package Carbon-Fiber-everywhere Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/

Today's Video will delve into international Real Estate trends! The term international real estate describes a relatively new phenomenon, beginning in the 1980s and keeping pace with globalization. The term encompasses real property development, sales, and leasing transactions across national borders. International real estate could be viewed as one of the most dynamic branches of real estate although it is, by definition, influenced by fluctuating market value in various sectors between countries, as can be evidenced by the 2008 global credit crisis. International real estate is best subdivided into two categories: international commercial real estate and international residential real estate. Some examples of international real estate transactions are: a citizen of one country purchases a house in another country a corporation headquartered in one country purchases or leases an office building in another country a corporation or investment group in one country builds a hotel in another country Recent Increase in Chinese Real Estate Investing in the United States: A major increase in international real estate investing has been taking place between China and the United States. In the U.S., the Chinese are now the largest foreign buyers of homes, accounting for $28.6 billion of sales in the 12 months ended March 2015, according to the National Association of Realtors. There are three major reasons why the Chinese are investing in the US real estate market: investment diversification, overseas education of their child, and immigration. The Chinese real estate website Juwai.com, part of Juwai IQI, estimates that Chinese real estate holdings abroad totaled $80 billion in 2015 and are expected to balloon to $220 billion by 2020. Chinese investors are interested in commercial projects, residential properties, hotels, golf courses, clubs, land, industrial warehouses, office buildings, and shopping centers. Chinese investors initially were focused mostly on the major gateway cities such as New York City, San Francisco, and Los Angeles but are now moving into other cities as well. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ @Tim McClone ​

Build-Back-Better is now called the Inflation Reduction Act! That has a nice ring to it! What is in this bill and is it good for the American People? "Weakness invites aggression" Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ @Tim McClone ​

AS INFLATION IS SURGING….THIS IS The second consecutive time. Back-to-back increases are the biggest since the early 1980s. FROM A REAL ESTATE PERSPECTIVE-WE SEE INCREDIBLE OPPORTUNITIES COMING. Fed Raises Interest Rates by 0.75 Percentage Point The central bank acknowledged indicators of spending and output had softened but said further rate rises are likely! The U.S. economy contracted 1.6 percent in the first three months of the year. Two consecutive quarterly contractions is often considered a recession. The National Bureau of Economic Research, a private outfit founded in 1920 that is the semi-official arbiter of recessions, uses a more complex and subjective definition. It says a recession is “a significant decline in economic activity that is spread across the economy and that lasts more than a few months.” Often the NBER’s declaration of a recession comes several months after the start of a downturn. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon... @Tim McClone

The world is not ending! Let's review the data and more importantly what is going on in the real world. The Headlines read: Are We At Risk For A Housing Market Crash/Is the housing Market Set to Crush 2022/America’s Housing Market Is Officially Over-Heating Everywhere. Will it bust? Are we going to have another 2008? Is the sky falling? It is just a matter of time! SELL YOUR HOUSE NOW AND GET INTO BITCOIN! Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themccloneb... Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclon...

Is it possible to be free of fear? No, but you can manage it to your advantage! In the chaos, there is an opportunity Fear is an intensely unpleasant emotion in response to perceiving or recognizing danger or threat. Fear causes physiological changes that may produce behavioral reactions such as mounting an aggressive response or fleeing the threat. Fear in human beings may occur in response to a certain stimulus occurring in the present, or in anticipation or expectation of a future threat perceived as a risk to oneself. The fear response arises from the perception of danger leading to a confrontation with or escapes from/avoiding the threat (also known as the fight-or-flight response), which in extreme cases of fear (horror and terror) can be a freeze response or paralysis. In humans and other animals, fear is modulated by the process of cognition and learning. Thus, fear is judged as rational or appropriate and irrational or inappropriate. Irrational fear is called a phobia. Fear is closely related to emotional anxiety, which occurs as the result of threats that are perceived to be uncontrollable or unavoidable. The fear response serves survival by engendering appropriate behavioral responses, so it has been preserved throughout evolution. Sociological and organizational research also suggests that individuals' fears are not solely dependent on their nature but are also shaped by their social relations and culture, which guide their understanding of when and how much fear to feel. Fear is sometimes incorrectly considered the opposite of courage. Because courage is a willingness to face adversity, fear is an example of a condition that makes the exercise of courage possible. Fear of the unknown or irrational fear is caused by negative thinking (worry) which arises from anxiety accompanied by a subjective sense of apprehension or dread. Irrational fear shares a common neural pathway with other fears, a pathway that engages the nervous system to mobilize bodily resources in the face of danger or threat. Many people are scared of the "unknown". The irrational fear can branch out to many areas such as the hereafter, the next ten years or even tomorrow. Chronic irrational fear has deleterious effects since the elicitor stimulus is commonly absent or perceived from delusions. Such fear can create comorbidity with the anxiety disorder umbrella. Being scared may cause people to experience anticipatory fear of what may lie ahead rather than planning and evaluating for the same. For example, "continuation of scholarly education" is perceived by many educators as a risk that may cause them fear and stress,[21] and they would rather teach things they've been taught than go and do research.[citation needed] The ambiguity of situations that tend to be uncertain and unpredictable can cause anxiety in addition to other psychological and physical problems in some populations; especially those who engage it constantly, for example, in war-ridden places or in places of conflict, terrorism, abuse, etc. Poor parenting that instills fear can also debilitate a child's psyche development or personality. For example, parents tell their children not to talk to strangers in order to protect them. In school, they would be motivated to not show fear in talking with strangers, but to be assertive and also aware of the risks and the environment in which it takes place. Ambiguous and mixed messages like this can affect their self-esteem and self-confidence. Researchers say talking to strangers isn't something to be thwarted but allowed in a parent's presence if required. Developing a sense of equanimity to handle various situations is often advocated as an antidote to irrational fear and as an essential skill by a number of ancient philosophies. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/ @Tim McClone ​

You don't have to have hundreds of thousands of dollars to get started in Real Estate. There is a bracket for everyone. Today's video will delve into REITs. Real Estate Limited Partnerships (LP) and Funrise. Remember when pronouncing REITs emphasize the "I" not the "E"! Inside joke. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/

Federal Reserve Chairman Jerome Powell said Wednesday that the central bank hopes to avoid a recession after ratcheting up its pace of interest rate hikes. The U.S. Federal Reserve will likely find out its aggressive tightening measures won't be effective in bringing down inflation. In fact, the soaring rates may add more burdens to companies that are already suffering rising costs due to higher energy prices and supply chain shortages. After the Fed raised interest rates by 75 basis points (bps) – the largest increase since 1994 – in mid-June, its chairman Jerome Powell reiterated its commitment to bringing down inflation toward the Fed's inflation target at around 2 percent. The U.S. consumer price index (CPI) in May gained 8.6 percent from a year ago, a reading above 8 percent for a third consecutive month. Most of the market participants expect the Fed fund rate to reach above 3 percent by the end of the year, which means the Fed will raise the interest rates by another 125 bps at least in the next four policy meetings, including another potential 75 bps rate hike in July. However, the outcome of the tightening pace could be more aggressive than current expectations, as it will be an extremely difficult task for the Fed to cool inflation. The current inflation surge is exclusively driven by the rising energy prices and supply-side shortages. The Fed's rate hike tool will have minimal impact on controlling inflation – it could even potentially push up the prices, not lower them. Here is the explanation; I'll use the supermarket as an example. Let's say a supermarket called "ABC supermarket" has already been forced to raise the prices for the products it sells to customers because of the rising cost paid to the wholesalers or service providers. It used to keep enough inventory to buffer any type of uncertainty, but now the situation is different due to supply chain shortages. The supermarket may have to keep buying goods from wholesalers at higher and higher prices. When the Fed aggressively hikes the borrowing costs, it only makes the situation worse as the whole operational cost for this supermarket is likely to become higher, due to its rising debt burden (a majority of the companies more or less hold some loans to operate their business). Finally, the ABC supermarket has to pass on all rising bills to consumers. The Fed's current tightening tools further complicate the inflation outlook, because it could ironically push up prices in some sectors regardless of demand levels. The Fed's monetary policy, by changing policy rates, has always been much easier to influence demand than supply. Even with the consumption demands being significantly weakened due to higher borrowing costs, no retailer would be willing to sell the products at the levels of prices lower than the costs unless they conduct layoffs or other methods to substantially cut operational costs. As more and more companies actively reduce costs, the economic recession risk may become real. Easing inflation Fed's priority In June's policy meeting, Fed chair Powell acknowledged that the central bank can't control all the factors driving inflation, such as oil prices or supply chain shortages. We believe the Fed officials understand that its current monetary policy won't help much to ease inflation. However, the Fed has been facing increasing criticism from the public for its slow response to rising prices. Many Fed watchers still think the Fed is well behind the curve, even with its 150 bps rate hike since March this year. To restore its credibility, the Fed has no other choice but to tighten aggressively. Otherwise, market participants will completely lose confidence in the Fed’s ability to rein in inflation, which will lead to a greater selloff in U.S. stocks and bonds. We expect the Fed to be ready to sacrifice some employment readings to ease the current red-hot inflation. With the current unemployment rate at 3.6 percent, just a touch away from a half-century low, the Fed may start to allow moderate increases in the unemployment rate. This would not only reduce consumer demand but also reduce costs for some companies. The possibility of the Fed engineering a "mild recession" through its aggressive tightening measures shouldn't be ruled out. If CPI continues to hover around 8.5 percent or even higher in June, the central bank is likely to raise the policy rate by another 75 basis points. However, it can only bring more volatility to stocks and bonds and has a very limited impact on slowing inflation in the near term. Projections from the Fed published Wednesday showed the median official expects interest rates will rise to 3.4% by year-end, well above the 2.5% level that many Fed officials have described as “restrictive” for economic activity. For comparison, the most recent read on the Fed’s preferred measure of inflation — personal consumption expenditures (PCE) @Tim McClone ​

Everyone talks about the CPI, however, the FED prefers the PCE Index Video covers: Inflation, Fed, PCE, Creative Destruction, and Market update. The PCE price index (PCEPI), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase in prices for all domestic personal consumption. It is benchmarked to a base of 2012 = 100. Using a variety of data including U.S. Consumer Price Index and Producer Price Index prices, it is derived from the largest component of the GDP in the BEA's National Income and Product Accounts, personal consumption expenditures. What Is Creative Destruction? Creative destruction is the dismantling of long-standing practices in order to make way for innovation and is seen as a driving force of capitalism The term creative destruction was first coined by Austrian economist Joseph Schumpeter in 1942. Schumpeter characterized creative destruction as innovations in the manufacturing process that increase productivity, describing it as the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one." Basically, the theory of creative destruction assumes that long-standing arrangements and assumptions must be destroyed to free up resources and energy to be deployed for innovation. To Schumpeter, economic development is the natural result of forces internal to the market and is created by the opportunity to seek profit. Creative destruction theory treats economics as an organic and dynamic process. This stands in stark contrast with the static mathematical models of traditional Cambridge-tradition economics. Equilibrium is no longer the end goal of market processes. Instead, many fluctuating dynamics are constantly reshaped or replaced by innovation and competition. KEY TAKEAWAYS Creative destruction describes the deliberate dismantling of established processes in order to make way for improved methods of production. Creative destruction is most often used to describe disruptive technologies such as the railroads or, in our own time, the internet. The term was coined in the early 1940s by economist Joseph Schumpeter, who observed real-life examples of creative destruction, such as Henry Ford’s assembly line. Be Creative and kind! Connect on: Instagram: https://www.instagram.com/themcclonebrothers/ Twitter: https://twitter.com/themcclonebrot1 LinkedIn: https://www.linkedin.com/in/themcclonebrothers/