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30-year fixed mortgage rate jumps sharply Thursday to 7.45% (r/StockMarket)

• HipnotiK1: [I remember when they went from under 3 to 4 and everyone said to wait for them to drop back down lol

And housing prices never dropped despite rates doubling. Insane](https://www.reddit.com/r/StockMarket/comments/1wpm92h/comment/pbwno93/)

• WombatGambit: A banker told me in 2021 that once the eviction moratorium from COVID ended, prices were going to really crash. I’ve never seen so many “experts” and “insiders” get everything so wrong like they have the past six years. Maybe the 7.45% is transitory…?
• strolls: The 2010’s saw the lowest rates in literally hundreds of years. I think some in the finance industry thought it was going to remain this way forever.

The collapse of farm exports is the most underappreciated story in American politics (r/Economics)

• joepez: [I don’t think it’s under appreciated. I think economically it’s very well understood. Why? Because farm exports never recovered from the first time Trump was in office! While the article rightly, at the top, calls out Trump’s first (and second) trade wars as the reason it cites a report from the USDA which of course blames China.

China has/had no obligation to help the US recover from its self-own. Farmers contributed to the cause by continuing to support Trump and the GOP in Congress.

If the US farmers recover it will clearly take a long time. A very long time.](https://www.reddit.com/r/Economics/comments/1wpvc2h/comment/pbyqc15/)

• Courcotte: There is no recovery. We are beyond that point. Private equity is buying those land for a fraction of the price and will continue to do so. I think that was the plan all along, lower the price so family and friends of the ultra rich buy everything. I might be wrong but sure feel like Trump administration love giving gifts to the richest.
• cporter1188: This is also why Trump is so adamant about the Fed lowering interest rates. This will help the ultra rich borrow low to buy out American infrastructure (farming in this example) from the middle class.

Starbucks takes \$300M charge to close 250 stores and cut 2026 guidance (r/investing)

• Lollipopsaurus: [Starbucks is, in my opinion, the most overgrown business in America. Their entire business model seems to depend on an economic market where costs for goods are acceptably low enough for luxury coffee, that they can pay employees low enough, and their costs are low enough due to low inflation and general interest rates.

We may not see an age like Starbucks heavy growth phase for a long time. I’m very bearish.](https://www.reddit.com/r/investing/comments/1wp0get/comment/pbrb2j5/)

• Tgsheufhencudbxbsiwy: They’re closing 250 stores. While simultaneously opening 430 more this year.
• JE163: I miss the days when the coffee trucks had a decent coffee for $2 or whatever it went for in late 90’s early 2k’s

Kremlin condemns EU transfer of profits from frozen Russian assets to Ukraine as illegal ‘theft’ (r/worldnews)

• xalibr: Illegal Invasion > illegal theft
• trisul-108: Yeah, they’re trying to illegally steal a whole country and genocide its culture and identity.
• got_to_laugh: [It is the constant insults to your intelligence that annoy me about the Kremlin.

The people that support this and fall for this propaganda must either be monumentally stupid, evil or not paying attention.](https://www.reddit.com/r/worldnews/comments/1woyvz3/comment/pbqwqew/)

‘No Other Choice’: Zelensky Warns Russia of Winter Strikes (r/worldnews)

• Pearmuncher-: I feel like this winter will hit different because for the first time Moscow will feel the burn… or lack there of with all the refineries being hit
• Surface_Detail: Who would have thought five years ago that the leader of Ukraine would be warning the leader of Russia about the ass-whupping they were going to have to give them.
• ArgentineBeauty: [Ukraine has spent years adapting to blackouts and shortages caused by Russian attacks during winter.

Looks like Russia will now find out what that feels like.](https://www.reddit.com/r/worldnews/comments/1woxluq/comment/pbqlzln/)