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A under contract sign on a home previously for sale in Vienna, Va. (Photo: Reuters)

A under contract sign on a home previously for sale in Vienna, Va. (Photo: Reuters)

The Mortgage Banker’s Association (MBA) said the Market Composite Index decreased by 0.5% for the week ending August 18, missing the +0.1 median forecast. However, the Refinance Index increased 0.3% unadjusted from the previous week.

While seasonally adjusted Purchase Index fell 3% from one week earlier, it was still 9% higher than it was this same week last year. The unadjusted Purchase Index fell 2% compared with the previous week but was still 9% higher than the same week one year ago.

The refinance share of mortgages again gained 1.1 to 48.7% of total applications, up from 47.6% the previous week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $424,100) was unchanged at 4.12%.

Overall, despite the weekly decline, year-on-year purchase applications growth remains very strong and continues to point to a solid housing market, largely driven by low mortgage rates and historically low employment levels.

The Mortgage Banker’s Association (MBA) said the

U.S. President Donald Trump waves at the Celebrate Freedom Rally in Washington, U.S. July 1, 2017. (Photo: Reuters)

U.S. President Donald Trump waves at the Celebrate Freedom Rally in Washington, U.S. July 1, 2017. (Photo: Reuters)

A defiant President Donald Trump went after “sick people” in the media while he re-read his initial statements condemning all racists involved in the violence at Charlottesville.

“Did they report that I said that racism is evil?” he asked the crowd, which yelled, “No!”

“You know why?” President Trump asked. “Because they are very dishonest people… These are sick people.”

He said the media were the only people giving a platform to hate groups in America, which are otherwise small, fringe elements of society and political discussion.

“You know the thing I don’t understand?” he asked supporters. “You would think they’d want to make our country great again. And I honestly believe they don’t.”

Alveda King, the niece of Martin Luther King Jr., along with evangelist Franklin Graham, led in prayer before President Trump’s speech.

“We come tonight as a troubled nation,” Franklin Graham said. “We’re broken spiritually, we’re divided politically, we’re divided racially.”

The president also indicated during the rally in Phoenix that he would soon pardon Joe Arpaio, the former sheriff in Maricopa County famous for his tough stance against illegal immigration. He was the target of a politically-motivated prosecution and denied the fundamental protections outlined in the 6th Amendment.

“Did Sheriff Joe get charged for doing his job?” he asked the crowd, which yelled, “Yes!”

“Think Joe can feel pretty good tonight.”

In the wake of the violence in Charlottesville, leftwing activists and media surrogates have pushed to remove Confederate statues across the country, despite a near-supermajority disagreeing. As President Trump predicted, they are now proposing to remove statues and memorials of the founding fathers.

“They’re trying to take away our culture,” he said. “They’re trying to take away our history.”

A defiant President Donald Trump went after

Dr. Kelli Ward Campaign Photo

Dr. Kelli Ward Campaign Photo

Conservative talk radio host Laura Ingraham endorsed Dr. Kelli Ward for U.S. Senate in Arizona ahead of President Donald Trump’s rally in Phoenix. Dr. Ward is running in the Republican primary against incumbent Sen. Jeff Flake, a NeverTrumper and one of the most unpopular senators in the country.

Ingraham, who is also the editor–in-chief at Lifezette, has been an effective advocate for the populist-conservative movement that propelled President Trump to the White House.

A newly released poll by Highground, which is not well-known, shows Dr. Ward way ahead of Sen. Flake, 42.5% to 28.2%.

Conservative talk radio giant Laura Ingraham endorsed

A woman pulls a hood over her head as she walks out of a Starbucks store into the cold wind at Times Square in New York, March 25, 2013. (Photo: Reuters)

A woman pulls a hood over her head as she walks out of a Starbucks store into the cold wind at Times Square in New York, March 25, 2013. (Photo: Reuters)

Gallup’s U.S. Economic Confidence Index continued to strengthen in August, climbing 3 points to +11 with the current conditions hitting a 9-year high. The index has gained 9 points over the past 3 weeks and is now at its highest level since mid-March, when all-time highs followed the inauguration of President Donald Trump.

The economic outlook component was positive for first time since April, when it became clear Republicans in Congress were struggling to govern. The current conditions component hit a post-recession high. For the week ending Aug. 20, 37% described economic conditions as “excellent” or “good,” while 19% said conditions were “poor.”

As a result, the current conditions component stood at +18, up slightly from +16 the prior week.

About the Survey

Gallup’s U.S. Economic Confidence Index is the average of two components: how Americans rate current economic conditions and whether they believe the economy is improving or getting worse. The index has a theoretical maximum of +100 if all Americans were to say the economy is doing well and improving, and a theoretical minimum of -100 if all were to say the economy is doing poorly and getting worse.

Gallup's U.S. Economic Confidence Index continued to

A International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) worker gestures at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. (Photo: Reuters)

A International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) worker gestures at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. (Photo: Reuters)

The Richmond Fed Manufacturing Index gauging factory activity in the Fifth District came in at 14.0, beating the 11.0 consensus forecast. Employment components showed significant strength that offset a softening in shipments and a slight decline in new orders.

Shipments fell 5 points to 8 and the volume of new orders fell slightly by 1 to 17. Backlog of orders and vendor lead times remained unchanged at 11 and and 7, respectively. Employees increased by 7 points to 17, while wages gained 1 point to 18 and and the average workweek gained 1 point to 10.

The Richmond Fed Manufacturing Index gauging factory

A view of a house for sale is seen in Los Angeles on February 24, 2010. (Photo: Reuters)

A view of a house for sale is seen in Los Angeles on February 24, 2010. (Photo: Reuters)

The Federal Housing Finance Agency (FHFA) House Price Index (HPI) rose by just 0.1% from May to June, missing the 0.5% consensus forecast. U.S. house prices rose by just 1.6% in the second quarter of 2017.

The HPI offered both good and bad news for watchers. The slowing increase in house prices will likely increase affordability and aide home sales. However, it will also limit growth in Americans’ household wealth.

Despite the weakness, year-over-year house price gains remain very strong, up 6.5% for 2017. That’s almost a percentage point higher than the S&P CoreLogic Case-Shiller Home Price Index (HPI), which is due out next week.

The Federal Housing Finance Agency (FHFA) House

President Donald J. Trump stands for the colors as he arrives during the commissioning ceremony of the aircraft carrier USS Gerald R. Ford (CVN 78) at Naval Station Norfolk, Va., Saturday, July, 22, 2017. (Photo: AP)

President Donald J. Trump stands for the colors as he arrives during the commissioning ceremony of the aircraft carrier USS Gerald R. Ford (CVN 78) at Naval Station Norfolk, Va., Saturday, July, 22, 2017. (Photo: AP)

President Donald Trump said in his address to the nation that the new U.S. strategy in Afghanistan will not include nation-building.

“We are not nation-building again,” he said. “We are killing terrorists.”

As People’s Pundit Daily reported over the weekend, while the decision was delayed, President Trump made clear his preference for Gen. McMaster’s strategy and will increase U.S. troops in Afghanistan.

He will also take measures aimed at putting greater pressure on India and Pakistan, two terror hotbeds have long been used to harbor fleeing Taliban and al-Qaeda targets from Afghanistan.

“A core pillar of our new strategy is a shift from a time-based approach to one based on conditions,” President Trump said. “Conditions on the ground, not arbitrary time tables, will guide our strategy from now on.”

The Afghanistan strategy calls for no less than 3,800 additional U.S. and NATO troops to Afghanistan, but it’s an open-ended commitment to add to the already 8,400 U.S. troops in the country. The President said the Trump White House will not telegraph military actions and troop buildups before operations are carried out.

He also said another facet of the strategy is to integration all instruments of American power, including military, economic and diplomatic power.

“Our commitment is not unlimited and our support is not a blank check,” he said. “We can no longer be silent about Pakistan’s safe havens for terrorist organizations, the Taliban, and other groups.”

As President Trump did in Iraq and Syria, where the U.S. is having enormous success against the Islamic State (ISIS), the Trump Administration will rely on those who’s job it is to win wars, not hinder them. He has already instructed the Defense Department (DOD) to lift restrictions for U.S. troops fighting on the ground.

“Micromanagement from Washington, D.C., does not win battles,” he said. “They’re won in the field drawing on the experience and expertise of wartime generals and soldiers.”

THREAD WILL BE UPDATED —– Notable Quotables


“When one part of America hurts, we all hurt; and when one citizen suffers and injustice, we all suffer together.”

“Loyalty for our nation demands loyalty to one another. Love for America requires love for all of its people.”

“When we open our hearts to patriotism, there is no room for prejudice, no place for bigotry and no tolerance for hate.”

“The young men and women we send to fight our wars abroad deserve to return to a country that is not at war with itself at home.”

“Our nation must seek an honorable and enduring outcome, worthy of the tremendous sacrifices that have been made.”

“The men and women who serve our nation in combat deserve a plan for victory, they deserve the tools they need.”

“The men and women who serve our nation in combat, deserve a plan for victory.”

“A hasty withdrawal would create a vacuum that terrorists…would instantly fill.”

“We cannot repeat in Afghanistan the mistake our leaders made in Iraq.”

“Today, 20 U.S.-designated foreign terrorist organizations are active in Afghanistan and Pakistan.”

“Pakistan often gives safe haven to agents of chaos, violence, and terror.”

“We must address the reality of the world as it exists right now, the threats we face, and the confronting of all of the problems.”

“We must stop the resurgence of safe havens that enable terrorists to threaten America.”

“Pakistan has also sheltered the same organizations that try every single day to kill our people.”

“We want [India] to help us more with Afghanistan, especially in the area of economic assistance and development.”

“America will work with the Afghan government as long as we see determination and progress.”

“We must unite to defend America from its enemies abroad.”

President Donald Trump said in his address

Rep. Debbie Wasserman Schultz, D-Fla., the former Democratic National Committee (DNC) chair ousted after WikiLeaks revelations. (Photo: AP)

Rep. Debbie Wasserman Schultz, D-Fla., the former Democratic National Committee (DNC) chair ousted after WikiLeaks revelations. (Photo: AP)

The Federal Bureau of Investigation (FBI) is probing whether Imran Awan, former IT aide to Debbie Wasserman Schultz and two dozen other House Democrats, sold secrets to Pakistan. Investigators are also looking into whether those secrets fell into the hands of Russia, who now serves as America’s favorite scapegoat.

“What started out 16 months ago as a scandal involving the alleged theft of computer equipment from Congress has turned into a national-security investigation involving FBI surveillance of the suspects,” The New York Post reported Monday. “Investigators now suspect that sensitive US government data — possibly including classified information — could have been compromised and may have been sold to hostile foreign governments that could use it to blackmail members of Congress or even put their lives at risk.”

As People’s Pundit Daily (PPD) recently reported, Mr. Awan was already indicted on four counts including bank fraud.

The original indictment also includes his wife Hina Alvi., who fled to their native Pakistan with more than $12,000 in cash. FBI agent Brandon Merriman wrote in the affidavit that federal officials do not believe she has any intention of returning to the United States.

“This is a massive, massive scandal,” a senior U.S. official familiar with the widening probe told The Post.

Awan, who worked for more than two dozen House Democrats, was paid nearly $2 million since 2004. His wife and his brother, Abid Awan, were also each paid more than $1 million working for House Democrats. In total, since 2003, the family has collected nearly $5 million.

A grand jury in the U.S. District Court for the District of Columbia made the decision roughly a month after Mr. Awan was arrested trying to flee the country. Authorities picked him up at Dulles Airport attempting to board a flight to Lahore, Pakistan.

The arrest came after the FBI seized a large number of “smashed hard drives” from their house. But the investigation started after a House inspector general allegedly found so much “smoke” that she recommended a criminal probe to Capitol Hill Police, who decided to bring in the FBI.

Worth noting, video shows Wasserman Schultz threatening Capitol Hill Police over the seizing of Democrats’ devices.

Mr. Awan was allegedly one of several involved in a scheme to defraud the Congressional Federal Credit Union by obtaining a $165,000 home equity loan for a rental property. It also involved double-charging the U.S. House of Representatives for IT equipment and suspected exposing House information online.

Those funds were then included as part of a wire transfer to two individuals in Faisalabad, Pakistan.

In February, Imran & Co. had their access revoked and were removed from the House computer network after they failed to produce the missing invoiced equipment. Meanwhile, they previously had access to highly-sensitive information, including material related to the House Intelligence Committee and Foreign Relations Committee.

When asked why he remained on Schultz’s payroll as an “adviser”–despite being barred from accessing the House’s computer system since February–spokesman David Damron said he provided “valuable services,” to include working “on printers, trouble-shooting & other issues.”

Christopher Gowen, Imran’s lawyer who worked for both the Hillary Clinton campaigns and the Clinton Foundation, said in a statement his client was indicted “for working while Muslim.” Wasserman Schultz recently told a local paper that the investigation was motivated by “racial and ethnic profiling.”

But investigators say Democrats, including the former chairwoman of the Democratic National Committee (DNC), did a terrible job vetting the Awans and put the nation’s secrets at risk.

“These lawmakers allowed an insider threat to come into the House,” the official said. “Computer equipment was stolen, taxpayers were robbed of hundreds of thousands of dollars, and sensitive data was compromised and possibly sold overseas.”

The revelations come as a new report casts serious doubt on the credibility of the intelligence community and whether Russia hacked the DNC, at all. Former National Security Agency (NSA) experts reviewed the data and concluded it wasn’t a hack at all, “but a leak—an inside job by someone with access to the DNC’s system.”

The report found someone had changed metadata on documents alleged to have been exposed by the hack from English to Russian. It also concluded download speeds were too fast to be from a hacker, let alone one from Russia. Again, meaning it was an inside job.

As PPD also reported, the claim that the Russia hack theory was the assessment of 17 U.S. intelligence agencies has always been untrue. In reality, it was a claim made by individuals hand-picked by former Director of National Intelligence (DNI) James Clapper representing three agencies. The agencies, themselves, did not officially attach their names to the assessment and the FBI never independently examined the DNC servers.

The Federal Bureau of Investigation (FBI) is

President Donald Trump poses for a portrait in the Oval Office in Washington, Friday, April 21, 2017. (Photo: AP)

President Donald Trump poses for a portrait in the Oval Office in Washington, Friday, April 21, 2017. (Photo: AP)

President Donald Trump will address the nation to discuss his decision on the direction and strategy the United States will take in Afghanistan. The White House said he will “provide an update on the path forward for America’s engagement in Afghanistan and South Asia” at 9 PM EST.

The address on Afghanistan comes after a meeting at Camp David, at which President Trump’s advisers led by National Security Adviser H.R. McMaster pitched what was billed as a “consensus” plan. As People’s Pundit Daily reported over the weekend, while the decision was delayed, President Trump made clear his preference and is expected to okay Gen. McMaster’s strategy.

The Afghanistan strategy Gen. McMaster crafted and sold calls for no less than 3,800 additional U.S. and NATO troops to Afghanistan, but it’s an open-ended commitment to add to the already 8,400 U.S. troops in the country. The plan was supported by Defense Secretary James Mattis, Secretary of State Rex Tillerson, and White House Chief of Staff John Kelly, the first and latter being former generals.

The War on Terror in Afghanistan has cost America roughly 2,400 lives, scores more wounded and more than $1 trillion. It’s now the longest war in U.S. history.

Under Barack Obama, the Islamic State became a growing presence in the war-torn country, with high-profile Taliban militants swearing allegiance to ISIS leader Abu Bakr al-Baghdadi. In July, the Syrian Observatory for Human Rights obtained “reliable information” that seemed to support the claim al-Baghdadi was dead, killed in an airstrike in May.

First-line and second-line commanders told the Syrian Observatory a meeting was called to appoint an “alternative successor,” but the U.S. has yet to confirm either.  Regardless, progress in Afghanistan has lagged behind Iraq and Syria in terms of gains the U.S. has made against ISIS under the Trump Administration.

The Camp David meeting took place in the wake of the latest casualty, the death of a Green Beret who was supporting Operation Freedom’s Sentinel. Staff Sgt. Aaron R. Butler, 27, who served in the 19th Special Forces Group, died August 16 in Nangarhar Province as a result of injuries suffered from an improvised explosive device (IED).

The Trump Administration has also reviewed a broader plan to include Pakistan and India, two terror hotbeds long-used to harbor fleeing Taliban and al-Qaeda targets from Afghanistan. President Trump also made it clear that if there were to be any troop surge he wanted the U.S. to be compensated, which could come in the form of the enormous wealth buried beneath the surface of the country.

There is at least an estimated $1 trillion in untapped mineral resources, including rare-earth metals, copper and iron. When Afghan President Ashraf Ghani first met with President Trump in Riyadh back in May, he suggested the U.S. could become a stakeholder.

The president is scheduled to speak from Fort Myer in Arlington, Virginia.

President Donald Trump will address the nation

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

The Chicago Fed National Activity Index (CFNAI) was –0.01 in July from +0.16, as manufacturing and housing permits surprisingly weighed down solid economic growth. The Econoday forecast called for a reading from -0.13 to 0.25, with a consensus forecast of 0.22.

Three of the four broad categories of indicators that make up the index decreased from June, and three of the four categories made negative contributions to the index in July.

The index’s three-month moving average, CFNAI-MA3, moved down to –0.05 in July from +0.09 in June.

The Chicago Fed National Activity Index (CFNAI)

People's Pundit Daily
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