My Cromford access has been restored. I can now bore you with housing statistics.

The Fed will burn down everything until they get inflation under control, no asset is safe.

From WSJ:

The overall tone of the minutes suggests “the Fed upgraded the inflation problem to a five-alarm fire,” said Omair Sharif, an economist and head of the advisory firm Inflation Insights LLC.

As a result, the minutes also revealed officials’ growing acceptance that fighting inflation might lead to higher risks of a recession, but they saw that as “a cost they’re willing to pay,” said Michael Feroli, chief U.S. economist at JPMorgan Chase.

I’m fixated on this chart.

I always used to underestimate the psychological aspect of investing. But it plays an important role in any tradable asset. This chart represents the number of houses in Arizona that have cut their listing price. What do you think the mentality is of this individual? Sit and think about it. Then ask, ‘what impact will this have on the actual housing market’? As the velocity of this green arrow increases people will start unloading. Fear will become an important driver of prices.

The Fed is deathly afraid of inflation. At the beginning of the year, they announced they would unwind QE and raise interest rates. This was a clear sign to me that it was time to unload real estate. I will publish updates on the market weekly as it appears to be deteriorating in Arizona.

If you’ve installed solar and you live within the monopoly of SRP then you know what kind of racket they are running over there. You spend tens of thousands of dollars to do your part on making Arizona’s electric grid more reliable. In turn, SRP hits you with these absurd “on-peak demand charges”. Make no mistake these charges are to intentionally make rooftop solar not affordable.

While the average SRP customer is paying around 10c per kWh of electricity they are spiking solar customers with rates as high as $33.59. This is nothing short of a scam. This means they spike the cost of electricity on their E27 customers by 33,490%. They do this to basically negate all the financial benefits of installing solar.

IT’S TIME FOR CHANGE.

The corporate shills need to go. Vote for the SRP Clean Energy team.