If the eviction moratorium ends … this is a big deal if not addressed today. Mish is a smart dude.
But here’s my question - state and local governments have struggled to distribute $47 billion.. only $3 billion has been distributed… WTF… sounds like a criminal problem not a funding problem. Where the fuck did $44bn go? Is it missing? Why hasn’t 90% of the funds been distributed?
With the moratorium ending today and benefits ending next month …. Wow what a coincidence (without massive hospitalizations … yet) the delta variant rears up just now.
A real shit show might be about to start. No free rent and government paychecks stopped … oh my! What could go wrong?
On to the lie -
Minis were off 36 but have rallied a bit (as is almost always the case). They broke trend yesterday and my prognostication (they screwed me yesterday - I was a day early and paid the price), so today I’ll just shut up and watch.
More to come below.
Have a good day.
GL and GB!