From the Daily Record:
FORECAST 2010: Is real estate turning the corner?
Real estate professionals around Morris County agree: If the next 11 months are anything like the last few months, 2010 could be a pretty good year.
Overall, 2009 will go into the books as another tough one for real estate in Morris, New Jersey and most of the United States. But a close look at last year’s residential real estate statistics in Morris County shows there was a measurable turnaround from the second to the third quarter, followed by more improvement in the fourth quarter.
“The second half of the year was much better than the first, and the end of the year was even better,” said Jacqueline “Jackie” Scura of Re/Max First Choice Realtors in Parsippany. “This year is starting off a little slow. There’s not a lot of inventory out there right now. But we expect more people will be listing their homes soon and, if they are priced right for the market, they should sell in a reasonable amount of time.”
Adding to the perceived January market chill, Scura said, is that the reduced inventory includes “a lot of homes that have been sitting there for a long time.”
While the number of homes for sale hasn’t dropped to the level of the boom years in the early 2000s, when homes were often claiming multiple bids within days of their listing, the recent reduction of inventory could be good news for some home-sellers.
“But make no mistake, this is not a seller’s market by any means,” said Lyle Wolf, Realtor associate and co-owner of Exit Realty Gold Service in Mountain Lakes.
…
With the recession and credit crunch still weighing down the market in 2009, it’s no surprise that nearly all municipalities in Morris County, echoing the national trend, experienced further annual drops in average home-sale price. The average number of days on the market per home increased.
From the Press of Atlantic City:
Maybe last year wasn’t so bad for southern New Jersey’s real estate market
The widespread belief that real estate had a terrible 2009 is being disproved by the data for the southern New Jersey market released this week.
Compared with the prior year, sales were almost even in Atlantic and Cape May counties, and significantly higher in Cumberland County. Prices fell, but by single digits, and the time it took to sell homes remained about the same.
Real estate offices said the second half of 2009 in particular was strong, and the momentum is continuing into this year.
…
Prudential Fox & Roach’s HomExpert Market Report this week showed 551 home sales in Cumberland County in 2009, 21 percent more than the year before. The median price fell 8.3 percent to $154,000, and the average days a house spent on the market increased from 104 to 113.
…
In Atlantic County, home sales fell 1 percent to 2,602 last year, according to the market report. The median price dropped 9.6 percent and days on the market inched up from 115 in 2008 to 119 in 2009.
…
In Cape May County, which isn’t covered by the market report, the county Association of Realtors reported this week that 2009 sales dropped 1 percent to 1,879. The median price fell 8.1 percent to $296,000 and average time on the market was unchanged at 221 days.
…
For all of southern New Jersey, the report said sales were down 1.4 percent in 2009 and the median price declined 8.3 percent to $199,000 from the prior year.
A visit to the South of France, to clean the mind on a Sunday morning: http://www.cjrosier.com/ventes_fiche.php?lang=uk&id=220
You guys are creative, do something with this piece from the Record:
Beer truck overturns on Route 80 ramp
A tractor-trailer hauling beer overturned on a Route 80 exit ramp early Saturday morning, drenching the roadside with ale, police said.
The truck, carrying all types of Budweiser beer, took the ramp from Route 80 eastbound onto Route 46 eastbound too fast and left the roadway about 3 a.m., State Trooper Steven Cappadonna said.
“The trailer just disintegrated and there were boxes, glass and kegs everywhere,” Cappadonna said. “It literally went up two to three feet in the air over the guard rail and up the side of the hill.”
The ramp was closed for several hours after the accident while workers cleared the debris.
This one is worth a read, straight through to the end:
Former Newark Bears mascot, now homeless, shows how recession hits home
An “opinion” piece from the NJ Voice blog, but this might just be the strongest stories I’ve read in the ledger in a long time.
3. See….THAT is why the breakdown of families is so horrible. Families are supposed to look out for one another. Perhaps someone will read this and offer a leg up.
Was anyone else secretly hoping that Bernanke wouldn’t be reconfirmed, and the president would offer up Volcker in his place?
I had hope.
Wake me up when these assbags in DC actually do something of value.
Grim…you got mail.
Re #2 Beer Truck
Sounds like alcohol abuse to me.
OT: Looking for investment options to park IRA money. Came across this strategy which made sense to protect from severe downturns. But this one seems for large investors only.
http://www.venablepark.com/articles/article_3_04.htm
Does anyone know such vehicle in US with small amount?
4 – Not only of family, but of the *real* social fabric, extended family, and community.
I’ve got to wonder the impact of replacing local communities with online surrogates. You can’t crash on your friend’s facebook page.
Do these “tools” really make communities stronger? Or is what they offer really only a shallow facade.
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
Grim @5 – Chris Whalen doesn’t hold out much political hope for those in the Senate who voted for Bernanke…
“…But wait a minute. Fewer than 1 in 5 Americans support the re-nomination of Bernanke…”
By the way – then – than? That was you @ 29 yesterday?
9. Grim those are toys/environments for the relatively affluent. Just to run a computer today you need to power and a broadband account. (not counting public libraries).
In fact FACEBOOK is really just a place to compare old girlfriends with their current state/status and to show to world how GREAT your life is!
A home though…..a real place…is needed on so many levels.
2 Grim
This was obviously the work of the black ops arm of the Campaign for Real Ale…
The truck, carrying all types of Budweiser beer, took the ramp from Route 80 eastbound onto Route 46 eastbound too fast and left the roadway about 3 a.m., State Trooper Steven Cappadonna said.
In fact FACEBOOK is really just a place to compare old girlfriends with their current state/status and to show to world how GREAT your life is!
I’ve gone back and forth with trying to figure out what it really offers, and I think it boils down to two things. Either it appeals to a need for connectedness, or it offers an outlet for exhibitionism and voyeurism. I don’t mean the latter in a sexual way at all, but social and psychological. To some extent, there is a smaller third minority, who ride-along out of necessity or are only partially involved.
But this is hardly a new phenomenon, it has a 20-year (maybe 25) lineage that can be traced back to 300 baud modems, and the first online chat rooms and BBSes, Usenet, etc. And is just the most recent reincarnation of an older technology as reach has extended to larger audiences. And yes, this blog is very much a part of that same trend.
http://www.youtube.com/watch?v=_Ia6w8xMHv8
#2 – Bud Light everywhere…
#2 grim
Its not that bad. It was a Bud truck so its not ike it was a real beer.
http://www.imagepoop.com/image/1109/Beer-Truck-Accident.html
OT: Doing more internet searches, came across this ETF that was recently started.
CPO from IndexIQ
To finance pros, does this make sense for investing IRA money.
Its not that bad. It was a Bud truck so its not ike it was a real beer.
Good thing it was watered-down Bud, probably the cleanest section of highway in NJ now.
Maybe the beer truck drivers are taking a little nip. A Coors Light truck hit DH’s car a while back. Never stopped. DH had to chase him to get his attention and tell him he hit him. The guy says he didn’t even know he hit him.
This week, a friend of a friend was killed when another Coors Light truck hit him head on in MI. I just found out his wife didn’t make it either. And now this happens on Route 80. Really, wtf?
13. You get a chance on blogs like this to educate yourself. I post some subversive shit on FACEBOOK but most people just want the Funny From Me.
You can find higher level discussion with some facebook groups, but I find it necessary to use alternate logins.
For some reason, people follow me around over there.
SG [16],
Makes no sense to me. It’s IRA money so presumably long time horizon so presumably you don’t care about interim volatility.
If you want an ETF, buy TIP. If you want a guaranteed positive return above CPI, buy an individual TIPS issue.
From the Newark Bears story … 3% of Montclair on food stamps????
So the current tax credit is 15k but expires in march?????
Paul Volcker wrote an essay for today’s NYT.
Includes:
To meet the possibility that failure of such institutions may nonetheless threaten the system, the reform proposals of the Obama administration and other governments point to the need for a new “resolution authority.” Specifically, the appropriately designated agency should be authorized to intervene in the event that a systemically critical capital market institution is on the brink of failure. The agency would assume control for the sole purpose of arranging an orderly liquidation or merger. Limited funds would be made available to maintain continuity of operations while preparing for the demise of the organization.
To help facilitate that process, the concept of a “living will” has been set forth by a number of governments. Stockholders and management would not be protected. Creditors would be at risk, and would suffer to the extent that the ultimate liquidation value of the firm would fall short of its debts.
To put it simply, in no sense would these capital market institutions be deemed “too big to fail.” What they would be free to do is to innovate, to trade, to speculate, to manage private pools of capital — and as ordinary businesses in a capitalist economy, to fail.
http://www.nytimes.com/2010/01/31/opinion/31volcker.html?hp
NJ is starting to Revolt http://www.nj.com/hudson/index.ssf/2010/01/hundreds_protest_higher_taxes.html#comments
I found the next to last comment about the retired teacher very amusing…worth the read.
this is very simple. the people have had enough.
Jim [25],
It’s for the children, you know.
I like how they say south jersey didn’t have such a bad year with price drops in the single digits. Tell that to the guy who sold his house for 9% less then it was worth 12 months earlier and paid a 6% commission to boot.
South Jersey is like a living death. Nothing but pine trees, pineys, strip malls, and sand. Toss in the posers who want to commute 5 hours a day so they can live in a bigger house and that pretty much sums up life down there. And South Jerseyans, we will drain your aquifiers when the time comes. We’ve been subsidizing you for years through our taxes, and paying public pensions to stock you full of 55+ communities.
“Unfortunately, despite these drastic measures, there will still be a tax increase due to increased costs and a decline in revenue,” he said.
Jim [25],
From the article;
Here’s an idea, shackle the mayor, force him to drink in JC rather than Bradley Beach. Revenues will increase, across the board. In addition to this, if he is served with a disorderly persons summons or resisting arrest, he can drop off the fine downstairs, no stamp required.
http://www.nakedcapitalism.com/2010/01/volcker-does-not-get-it.html
Scribe @ 24 You might enjoy reading “Volcker Does Not Get It” over
@ Naked Capitalism…”Yves here…” She tears into this piece.
#5 grim
I was hoping Bergabe was out and a disciple of Volker would replace him.
How badly do you have to fcuk up to not get reconfirmed?
grim says:
January 31, 2010 at 8:34 am
“I’ve got to wonder the impact of replacing local communities with online surrogates. You can’t crash on your friend’s facebook page.”
Pretty profound.
Safety, validation, recognition, all things people look for. The internet is safer than real life. Risk becoming a nation of cowardly shut-ins.
http://4.bp.blogspot.com/_pMscxxELHEg/S0c1SpJEkNI/AAAAAAAAHMs/lPW1FP1zchE/s1600-h/EmploymentRecessionsDec.jpg
Grim asks, “Things looking up in 2010? Or just not getting any worse.”
This line will mess up unemployment charts for years to come….
who’s up for a Princeton GTG in April?
February it’ll snow a lot, March has the NCAA tournament, and by mid-april there’s a chance the weather could be in the 60s.
someone recommended Triumph Brewery over the weekend. Been there. large assortment of beers.
http://online.wsj.com/video/how-to-take-a-puck-to-the-face-with-martin-brodeur/21849C06-3EAA-4ADE-AB20-585FD00B8CE9.html
For the NJ Devil’s fans….
“How to take a puck to the face with Martin Brodeur”
Lisoosh
online communities ate not all negative. I have met people on this blog that I most likely would nit have met otherwise. I have also met most of the people that I would cnsoder “online” friends in real life on multiple occasions.
Online communities have allowed me to build a social web that would have been next to impossible pre-Internet.
I think this paticular blog stands out quality and community wise, and a great percentage of online communities are “frivolous”. But there is the real potential for building highly effective real world connections in online space.
I’m sure veto or nom would let me crash on their couch ;)
From Tall Paul in the TImes:
To meet the possibility that failure of such institutions may nonetheless threaten the system, the reform proposals of the Obama administration and other governments point to the need for a new “resolution authority.” Specifically, the appropriately designated agency should be authorized to intervene in the event that a systemically critical capital market institution is on the brink of failure. The agency would assume control for the sole purpose of arranging an orderly liquidation or merger. Limited funds would be made available to maintain continuity of operations while preparing for the demise of the organization.
To help facilitate that process, the concept of a “living will” has been set forth by a number of governments. Stockholders and management would not be protected. Creditors would be at risk, and would suffer to the extent that the ultimate liquidation value of the firm would fall short of its debts.
I’ll be blunt: Will this work?
#
grim says:
January 31, 2010 at 8:43 am
In fact FACEBOOK is really just a place to compare old girlfriends with their current state/status and to show to world how GREAT your life is!
I’ve gone back and forth with trying to figure out what it really offers, and I think it boils down to two things. Either it appeals to a need for connectedness, or it offers an outlet for exhibitionism and voyeurism. I don’t mean the latter in a sexual way at all, but social and psychological. To some extent, there is a smaller third minority, who ride-along out of necessity or are only partially involved.
But this is hardly a new phenomenon, it has a 20-year (maybe 25) lineage that can be traced back to 300 baud modems, and the first online chat rooms and BBSes, Usenet, etc. And is just the most recent reincarnation of an older technology as reach has extended to larger audiences. And yes, this blog is very much a part of that same trend.
#
Yeah I was on BBSs back in the day and I get the same out of facebook. I had a 2 month affair with FB, creeping around other people’s profiles and watching HS friends vomit pictures and, my favorite, philosophize about “what really matters” in status updates peppered with lifestyle whoring and pop religious wisdom.
I’m a FB terrorist. I post strange status updates and comments on people’s photos. I’m sure 50% of my “friends” have me on ignore, heh.
34 Yikes
Triumph is great place. I like the New Hope location the best (there’s also one in Philly). The brewmaster in New Hope, Brendan Anderson, just won a gold for his Hefeweizen at the Great American Beer Festival.
I might be up for a brewpub GTG in the spring. Princeton is a fairly short ride.
Im in mod, sorry grim
Re: Resolution Authority —
Not another gubmint agency ?!?! There’s already too many agencies and not a single one of them did a thing to stop this mess.
There’s the Federal Reserve Board, the Office of the Comptroller of Currency, the FDIC, the Office of Thrift Supervision, the National Credit Union Admin. There’s HUD, and Fannie & Freddie & Ginnie & Farmer Mac. What is it….the MBA Full Employment Act ??
Hundreds of 7-figure salaries, mayby thousands of 6-figures. And they did nothing.
Now they’re all sitting at a table in a Congressional Hearing Room.
Princeton works well for me.
Ket/Hyde –
Don’t think it’s all bad at all. It allows access to trains of thought and ideas maybe not commonly found locally. Allows people the safety to express ideas (neutral in terms of good/bad, child p0rn being an area of bad that springs to mind).
This blog is a localized community that has gravitated to some degree to real life. As a serial emigrator, Facebook has proved a wonderful way for me to track down and keep in touch with old friends and aquaintances all over the world.
On the other hand it allows us to depersonalize the “other” and many studies have shown that people become more extreme as they spend more time with like minded individuals -and the internet makes that easy to do. So (as an example) instead of being exposed to the Repub/Dem next door, we hang out only with the like-minded online. Ideas aren’t challanged by people we know and respect, but by faceless people we can denigrate or ignore.
And as Grim noted – too much of anything can be bad. Someone who withdraws too much into a virtual world won’t have a strong local support system.
#5 Grim,
I had hope Bernanke would get the boot. Alas.
[5]
Volcker’s op-ed in NYT shows he is as clueless as anyone else. The problem is that there is no solution to the problem that will not make this country massively less wealthy. All suggestions differ mostly on how fast we get to the new equilibrium, and how the new (much smaller) wealth will be distributed in the society. While most everyone claims that when their program is followed we don’t slide down it is an obvious lie. Economy where 67% of GDP is consumption, 20% is government and 8% is financial services, leaving 5% for everything else, is simply not sustainable. The ways need to be found to push the capital from the financial sector into the “real” economy, and not as a short term LBO-type manipulation, but as a long term investment. Ideally, we should target-tax the profit from non-value added financial transactions (market churn, commodity speculation, CDS type stuff) at a level where investment in the domestic productive economy (which is to be taxed low) becomes competitive in terms of return. Obviously, for this to work we need some tariffs and also ways to prevent speculation money from moving to Cayman Islands or whatever. Again, neither Tall Paul nor anyone else of renown will get us there.
I went to an open house today in Ridgewood only because my kid had a game there and we were passing through. The realtor was so, so sweet I didn’t have the gumption to unleash the ammo on her. She really was very nice and we had a conversation about the market. She agreed that FHA is pretty much the only lending game going on and she said that bonuses are no longer taken into consideration for a loan. Hmmm….
She sort of agreed with me also when I said that the smoke and mirrors tax credit is going to create more pain when it expires in the spring. The house was an older 3/1.5 colonial… nice but too small and asking in the upper 500s. My wife said that people are still nuts to be asking these prices. With 20% down, you’re talking about $3500/month in PITI and you better pray the furnace, A/C, hot water heater, electric, plumbing and roof don’t have to be replaced anytime soon.
In other words, after you drop $125,000 MINIMUM for 20%, plus closing, plus moving plus 467 trips to Loews and Home Depot, you better have another $50,000 behind you as a cushion. You think I’m kidding? Give it a try.
“I’m sure veto or nom would let me crash on their couch ;)”
I wouldn’t be so sure. Nom is on the record with, support for the downtrodden does not and should not begin with him or his home. But as he thinks Social support should be done at a charity level, I’m sure he’ll print out directions for you to walk to the nearest Catholics Charities shelter….. :*)
3% of Montclair on food stamps? Got to be more like 15%. And that’s assuming the formerly middle class unemployed are collecting absolutely zero. I’m just talkin about the hood.
Gary speaks the troot!
I own 4 oldies, the Home Depot knows me by name.
This man scares the shlt out of me. He needs to sit the hell down, shut the hell and let Geithner and Bernake run the damn show. He’d absolutely ruin this damn economy. He has absolutely no damn credibility
24.scribe, The Princess of Paramus says:
January 31, 2010 at 9:40 am
Paul Volcker wrote an essay for today’s NYT.
Yeah Volcker, what a neophyte. Step aside old man, let the brash young pros do the heavy lifting.
38. Give us a link now love. Don’t be shy!
Essex,
do people link FB pages? I’ve never noticed, just seems that people do a “mutual friends” friend mining (my new term). I like to keep my worlds separate, I’m part of the problem.
Finally killed my FB id. Somehow I ended up with a bunch of my daughter’s friends as mine, and it makes me despair about her generation. How self-absorbed do you need to be to think that your “friends” need to see a cell phone pic of you emptying your guts at the bar or what prize you won in some stupid game or to know who you slept with last night?
The last straw was the woman I barely remember from high school – and what I do remember was very ordinary – who has turned into some new age crystal guru motivational speaker. Defriended her finally, so I didn’t have to get the tour schedule updates and the twice daily pep talks, but she just kept probing. “Won’t you be my friend????”
Gack.
I thought everyone from high school was either dead or incarcerated. It turns out it can be worse.
my new term = my new fav term, I did not make that up.
Punch,
had to put a few on ignore myself, one was a nice girl I used to know, now caught up in some creepy yoga cult, says nothing about herself, just promotes the hive. Bye.
He has absolutely no damn credibility
He did a hell of a job his first time as chair. If anyone can tout saving the world, I’d let Tall Paul claim it over Timmy, Benny, and the O-man.
<<>>>>>
This man is not what we need right now. He’s a damn relic from the past and a mean and cruel one at that. Who here has had a damn 18% car loan? A damn mortage at 12%? That would ruin this country. That man doesn’t need to be anywhere near the damn treasury or the fed. That damn Obama is trying to set up Geithner to be a fall guy and I don’t like it one damn bit.
Why in the hell the republicans would invite Obama to their retreat is beyond me. The damn liberals are crowing like crazy that he spanked them. That’s a bunch of bullspit.
grim, yeah TALL paul did a good job but I gotta tell ya there was a hell of a lotta collusion amongst employers that implemented wage compression. remember those days well. was unannounced wage and price controls.
Swiss warn UBS bank could collapse
http://www.breitbart.com/article.php?id=CNG.44ec3a3581bd2b87b081a9614648ee11.c61&show_article=1
“who’s up for a Princeton GTG in April?”
yikes, im in. i wonder how many others would come down to princeton. For that reason, maybe new brunswick is better?
but if its in princeton, i suggested triumph, if for no other reason than having decent beer and a huge bar.
“I’m sure veto or nom would let me crash on their couch ;)”
hyde – of course buddy.
we are talking about my virtual couch right?
EPkDmeqm
when SHTF I’m going to bunk down with all of you young’uns and your arsenels :)
When SHTF I’m going somewhere in TN but I don’t know where.
What are these weird bots? They don’t even promote anything…
Roubini Sees ‘Dismal’ Growth as Summers Rues ‘Human Recession’
Feb. 1 (Bloomberg) — Nouriel Roubini, the New York University professor who anticipated the financial crisis, said the U.S. growth outlook remains “very dismal” and White House economic adviser Lawrence Summers said the economy is still mired in a “human recession.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aqLMEUObhysc
lost,
well???? ???
sl
more from the Roubini article in #69
“The headline number will look large and big, but actually when you dissect it, it’s very dismal and poor,” Roubini said in a Jan. 30 Bloomberg Television interview following a U.S. Commerce Department report that showed economic expansion of 5.7 percent in the fourth quarter. “I think we are in trouble.”
Roubini said more than half of the growth was related to a replenishing of depleted inventories and that consumption was reliant on monetary and fiscal stimulus. As these forces ebb, the rate will slow to 1.5 percent in the second half of 2010.
70 Sl
Just finished a bottle of the Pouilly. That was yummy! Thanks!
“human recession.”
Robot economy is booming.
Is real estate turning the corner?
Did the Walton’s take too long to say good night??
:)
sl
Does Paulson Agree with Big Bonuses?
grim, yeah TALL paul did a good job but I gotta tell ya there was a hell of a lotta
I respect Volcker because he has a track record of being able to make the right decisions, despite the fact that the right decisions might be unpopular.
I also don’t expect him to try to use the same medicine to treat every ailment, like the one-trick-ponies Al and Ben. They are so good at swinging a hammer, that to them, every problem is a nail.
I think Tall Paul knows the direction, has a solution, and I’m confident he can deliver. And the fact that he was born and raised in Teaneck, NJ doesn’t hurt either.
As for conspiring for wage compression. Given the situation the country faced, which was an out-of-control wage-price spiral, the approach you mention would make sense. Raising the Fed Funds would put a damper on immediate price increases, but jawboning employers to keep wages stable would have been a reasonable second prong of attack. Miller (Carter’s greatest mistake) had made a royal mess of things prior to Volcker taking the chair, leaving him little choice. He could have taken the easy road, and played the same hand. Of course, no sooner than Volcker had emptied the punch bowl, and shut down the party, in came Greenspan with a case of moonshine. It did work well for a few years, but we all knew it was unsustainable.
re: #76 – raise rates? sure if you wanna see the stock market crash.
Japan has had their interest rates .50 or less since 1996, we are just like them now in for long term QE since the banks balance sheets are stuffed with garbage. Zombie banks and a blown out middle class is the new future for the USA, unless someone inflates the GREEN bubble or perhaps a nice world war.
I respect the man as well. I think Volker did what needed to be done.
Could that mean that we were / can be and maybe still are in a command economy of sorts?
Wage controls primarily due to globalism with a very manipulated cpi and ppi. maybe?
The issues facing the economy today are worlds apart from what Volcker faced, thus my point about needing new medicine.
Tall Paul said FU to the administration and WS. He raised the FFR to 20%. He anniliated OPEC and elevated king dollar out of the ashes. Where have you gone Tall Paul?
“I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.”
Paul Volcker
“The development of our paradigms for containing risk has emphasized dispersion of risk to those willing, and presumably able, to bear it. If risk is properly dispersed, shocks to the overall economic system will be better absorbed and less likely to create cascading failures that could threaten financial stability.”
Alan Greenspan
Greenspan with a case of moonshine
There’s nothing wrong with moonshine. It’s much better than the damn bitter pill I’m dealing with now. I miss Al!
If it’s still bitter, you just haven’t had enough shine. Bottoms up!
2.grim says:
January 31, 2010 at 7:53 am
You guys are creative, do something with this piece from the Record:
Beer truck overturns on Route 80 ramp
A tractor-trailer hauling beer overturned on a Route 80 exit ramp early Saturday morning, drenching the roadside with ale, police said.
The truck, carrying all types of Budweiser beer, took the ramp from Route 80 eastbound onto Route 46 eastbound too fast and left the roadway about 3 a.m., State Trooper Steven Cappadonna said.
“The trailer just disintegrated and there were boxes, glass and kegs everywhere,” Cappadonna said. “It literally went up two to three feet in the air over the guard rail and up the side of the hill.”
The ramp was closed for several hours after the accident while workers cleared the debris.
…
Very few things make me cry. My wife’s beautiful posterior would be one; this story another…
Swiss warn UBS bank could collapse
Switzerland’s justice minister warned in an interview on Sunday that top bank UBS could collapse if sensitive talks with the United States over a high-profile tax fraud investigation fall through.
“The actions of UBS in the United States are very problematic. Not just because they are punishable but also because they threaten all of the bank’s activities,” Eveline Widmer-Schlumpf told Le Matin Dimanche newspaper.
“The Swiss economy and the job market would suffer on a major scale if UBS fails as a result of its licence being revoked in the United States,” she said.
Switzerland and the United States have negotiated an agreement under which UBS would hand over information on some 4,500 account holders to US tax police.
http://www.breitbart.com/article.php?id=CNG.44ec3a3581bd2b87b081a9614648ee11.c61&show_article=1
Better Off Deadbeat: Craig Cunningham Has a Simple Solution for Getting Bill Collectors Off His Back. He Sues Them.
http://www.dallasobserver.com/content/printVersion/1653972
Looks like Freedy isnt exclusive in his debtors revolt.
WWIII will tank the stock market right?
US raises stakes on Iran by sending in ships and missiles
Pentagon says Patriot shield will deter strike on American allies in the Gulf
Tension between the US and Iran heightened dramatically today with the disclosure that Barack Obama is deploying a missile shield to protect American allies in the Gulf from attack by Tehran.
The US is dispatching Patriot defensive missiles to four countries – Qatar, United Arab Emirates, Bahrain and Kuwait – and keeping two ships in the Gulf capable of shooting down Iranian missiles. Washington is also helping Saudi Arabia develop a force to protect its oil installations.
http://www.guardian.co.uk/world/2010/jan/31/iran-nuclear-us-missiles-gulf
Volcker isnt going to do anything. Its a charade. It is designed to be a global currency crisis and thats what they will get.
On another note, it looks like there is a quiet arms buildup in the middle east.
“DUBAI, UNITED ARAB EMIRATES — The Obama administration is quietly working with Saudi Arabia and other Persian Gulf allies to speed up arms sales and rapidly upgrade defenses for oil terminals and other key infrastructure in a bid to thwart future military attacks by Iran, according to former and current U.S. and Middle Eastern government officials. ”
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/30/AR2010013001477.html
All Time Top Grossing Movie List – Inflation Adjusted
http://boxofficemojo.com/alltime/adjusted.htm
“Its a charade. It is designed to be a global currency crisis and thats what they will get.”
Al, no joking around this time. how many times did you watch zeitgeist movie??
Thats an interesting topic. What will an expanded war in the Middle East mean to the US economy?
1. Oil 200 bucks a barrel?
2. Stock market crash?
3. Increased deficit spending?
4. Draft?
10 or 20??
89. I heard about Zeitgeist but I wasnt convinced until I read the UN documents relating to.
1. UN agenda 21
2. Copenhagen treaty
3. UNESCO documents
Notice they refer to 2000 bubble not 2008. My guess is this little pile of slop is some quant/TA shop trying to differentiate themselves by using ETF’s and such….. this isn’t 1+2+3=7 (6+alpha). Instead is is 1+B+%=WTF?
Are they still in business?
8.SG says:
January 31, 2010 at 8:30 am
OT: Looking for investment options to park IRA money. Came across this strategy which made sense to protect from severe downturns. But this one seems for large investors only.
http://www.venablepark.com/articles/article_3_04.htm
Does anyone know such vehicle in US with small amount?
82.Punch My Ticket says:
January 31, 2010 at 8:41 pm
If it’s still bitter, you just haven’t had enough shine. Bottoms up!
Look, I really don’t need you to try to make jokes here. Stuff it.
Shail:
#1 Do you understand what it does?
#2 You don’t seem to want to approach investing as READY, AIM, FIRE….instead your attitude appears to be just FIRE OVER THERE…SEEMS LIKE A GOOD IDEA…
16.SG says:
January 31, 2010 at 8:52 am
OT: Doing more internet searches, came across this ETF that was recently started.
CPO from IndexIQ
To finance pros, does this make sense for investing IRA money.
“WWIII will tank the stock market right?”
Veto,
The Bilderberg Group does not need a war to blow up world markets. They are doing a hell of a job on their own.
The end is nigh….
Aerosmith conisdering firing Steven Tyler and replacing him with Billy Idol.
Aerosmith has sucked since 1982.
Rock is Dead. -The Who
these guys need to all step aside, lets the kids rock.
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Asshold.
Aerosmith has always sucked. Bunch of Southies, trying to mimic Led Zeppelin.
Although I suppose mimicing Led Zep has generated 20 years’ worth of forgettable bands.
More fun coming out of Iran.
Iranian President Mahmoud Ahmadinejad says the nation will deliver a harsh blow to the “global arrogance” on this year’s anniversary of the Islamic Revolution.
“The Islamic Revolution opened a window to liberty for the human race, which was trapped in the dead ends of materialism,” Ahmadinejad said during a cabinet meeting on Sunday.
“If the Islamic Revolution had not occurred, liberalism and Marxism would have crushed all human dignity in their power-seeking and money-grubbing claws. Nothing would have remained of human and spiritual principles,” he added.
Ahmadinejad said that in the three decades of its history, the Islamic Revolution had inspired some great developments in the world.
The Iranian president made the remarks as the 31st anniversary of the Islamic Revolution approaches.
Iranians are expected to pour into the streets on February 11 to celebrate the occasion in public rallies across the country, as they have done annually over the past three decades.
http://www.presstv.ir/detail.aspx?id=117545§ionid=351020101
The Who is dead – Rock
Aerosmith have been looking t kick tyler over the wall for a while. I don’t think Idol is a good fit, but I though the same about Brian Johnston so what do I know.
[47] PGC
How wrong you are. I would assuredly let Kettle crash on the couch (though he might be a bit tall for it) and the rest of his clan can camp here to boot.
You, on the other hand. . . .
[102] clot
“Aerosmith has always sucked. Bunch of Southies, trying to mimic Led Zeppelin.”
Southies??? They’re all from New Hampshire.
Screw The Who. I’ll watch the Super Bowl when they let this guy and Husker Du kick out a good fifteen minutes. Next Sunday, I think I’ll just watch Chelsea/Arsenal.
Unlike the whores Townshend and Daltrey, Bob Mould has also written a new song within the past 25 years.
http://tinyurl.com/ybt76qy
plume (106)-
Sorry. Meant to say, inbred junkies.
[83] chifi,
Well, as the storekeeper said to me in Leura after I mentioned Fosters, “I thought you said you liked beer, mate?”
107. I got nuthin.
[108] clot
Well, there’s a few of them in the Sunapee region, but the fact that they are considering dumping iconic frontman Stevie Talarico means that Areosmith is joining J. Geils in the campy, Boston-area H.S. band crowd.
UBS gagging would make for a helluva BFF.
Two things from Boston to avoid:
1. Bands
2. Restaurants
[110] clot
True dat. UBS is too much of a U.S. bank, which was probably one reason they got singled out. And we know that the feds will impose the death sentence on them. Too much face at stake.
sx (111)-
Gotta love Mr. Mould.
[113] clot
Oh no you didn’t. If I weren’t going to bed because of an early morning conf. call, I’d take issue with that, Iron Chef.
I found Freedy/Pesche…..
In Hoboken no less…
http://www.youtube.com/watch?v=wgDYbjzS1M8
plume (114)-
The only thing better than a UBS massive fail would be getting to watch Sheilababy pimp it off to the highest bidder.
113.The Condition-Code Red says:
January 31, 2010 at 10:53 pm
Two things from Boston to avoid:
1. Bands
2. Restaurants
3. Tax Attorneys
This might make in sound more familiar if you do not recognize the song…
http://www.youtube.com/watch?v=OVqBYkrlsmw
plume (116)-
Todd English- pretty boy; poser; arriviste; personality of fish in rigor mortis. Most likely also a closet case.
Michael Schlow- simply cannot cook. Period (I know. I worked next to him for four weeks). Told me before he went to Boston: “I’m going to Boston. There are no good restaurants there; nobody knows what good food is; if I can get it to the table hot, I can serve Nine Lives, and people will love it.”
Jasper White- brain died 20 years ago. How much designer clam chowder can you cram down tourists’ gullets, anyway?
Lydia Shire- Ick.
chi (120)-
Ok. Freedy Johnston AND Bob Mould for Super Bowl halftime.
No, not THAT Freedy…
My best Karaoke performance all time……1996 in some backwater at 5600 North in Chicago with about 6 Korean guys and some kingpin from Hong Kong bankrolling the whole thing….it was maybe 3:30AM and we had been through about 6 dozen plates of fried chicken and about 10 bottles of Chivas…although they must have watered in down by 50% because we would have been knocked down flat…..I was hungover for a full 24 hours….
http://www.youtube.com/watch?v=-QjQlBTGgT8&feature=related
and Paul Westerberg and Black Francis. The Gen X Bowl.
Chi (123)-
Stop it, or I go for the Rick Astley.
I’m not kidding.
I know I’ve got a bad reputation, and it isn’t all talk..talk…talk…
a song about being broken beyond repair.
125.The Condition-Code Red says:
January 31, 2010 at 11:09 pm
Chi (123)- Stop it, or I go for the Rick Astley. I’m not kidding.
Dude….I was Rick Rolled today in Target…..bichez…
It was song written about a HELOC that he was planning to short sale 16 years later…..
126.Barbara says:
January 31, 2010 at 11:12 pm
I know I’ve got a bad reputation, and it isn’t all talk..talk…talk…
a song about being broken beyond repair.
I’d like to see this at the Super Bowl…maybe with some dancing by the Cowboys’ cheerleaders:
http://www.youtube.com/watch?v=vAiB6VSSORc
Children by the millions cry for Alex Chilton.
Boy, has Target ever crapped the bed.
111. I do…Wishing Well is one of my favs….
#105 Nom
Does the Grinch have a heart? … *) Charity beginning at home? I think the answer to these questions may require another sit down discussion.
#107 Clot
“I think I’ll just watch Chelsea/Arsenal.”
After today It will be a tough game to watch.
Funny discussion going on weather John Terry should go to the world cup or should Wayne Bridge be dropped from the squad.
Grammy Highlight
Stevie Nicks dialing it back to a three to keep Taylor Swift on the stage with her. The kid has talent, but can’t match Stevie’s voice.
I’m in. Been there – good brewery!
yikes says:
January 31, 2010 at 1:33 pm
who’s up for a Princeton GTG in April?
February it’ll snow a lot, March has the NCAA tournament, and by mid-april there’s a chance the weather could be in the 60s.
someone recommended Triumph Brewery over the weekend. Been there. large assortment of beers.
You know times are tough when Popeyes runs out of chicken.
http://www.youtube.com/watch?v=y43qjbElJBI&feature=player_embedded#
PGC (133)-
I don’t care if Terry boinked Bridge’s whole family. Terry stays; Bridge goes.
No argument.
Funny how Arsenal always plays well enough to always lose to the best teams and still make fans keep coming back for more.
Somebody needs to show them some Barca films. I don’t think they understand the object of the game is to score more goals than the other team.
Their practices must be fun to watch, though.
Al (136)-
Wow. Rats in a maze.
a musical genre worthy of NJRERE
No Wave
http://www.youtube.com/watch?v=ipa-KDEUVdc&feature=related
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