June Home Sales Hit Eight Month High

From Bloomberg:

Previously Owned U.S. Home Sales Rise to Eight-Month High

Sales of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market.

Sales increased 2.6 percent to a 5.04 million annual rate last month, led by gains in all four U.S. regions, figures from the National Association of Realtors showed today in Washington. The median forecast of 78 economists surveyed by Bloomberg projected sales would rise to a 4.99 million rate. Prices advanced at the slowest pace since March 2012 and inventories rose to an almost two-year high.

Historically low interest rates and smaller price increases are helping bring homeownership within reach for more Americans. A pickup in employment opportunities that lead to faster wage growth would provide an added spark for a residential real-estate market that began to soften in the middle of 2013.

“We’re recovering from the winter doldrums, more people are working and interest rates are attractive,” said Brian Jones, senior U.S. economist at Societe Generale in New York, who projected a 5.05 million pace of sales for June.

Estimates in the Bloomberg survey of economists ranged from a sales pace of 4.8 million to 5.11 million after May’s previously reported 4.89 million.

The existing home-sales advance was led by a 6.2 percent gain in the Midwest, followed by a 3.2 percent increase in the Northeast. Purchases rose 2.7 percent in the West and 0.5 percent in the South.

Purchases of single-family homes increased 2.5 percent to an annual rate of 4.43 million, the report showed. The sales pace of multifamily properties including condominiums climbed 3.4 percent to 610,000 in June, also the highest since October.

Cash transactions accounted for about 32 percent of all purchases in June, according to the report. Investors made up 16 percent of purchases.

Sales of distressed property, including foreclosures, accounted for 11 percent of the total last month, matching the lowest share since October 2008.

This entry was posted in Demographics, Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

86 Responses to June Home Sales Hit Eight Month High

  1. Comrade Nom Deplume, a.k.a. Captain Justice says:

    Frist!

  2. Comrade Nom Deplume, a.k.a. Captain Justice says:

    Another mfgr makes good on its threat to leave a blue state . . .

    http://money.cnn.com/2014/07/22/news/companies/beretta-guns-move/index.html

  3. phoenix says:

    First.
    Worked past midnight last night and still first.
    Looks like a slow day here.

  4. phoenix says:

    oops 3rd. by a minute.

  5. phoenix says:

    Only businesses not leaving NJ are CVS, Walgreens, Rite Aid.
    They seem to sprout like weeds.

  6. phoenix says:

    Soon Amazon will be delivering grandma’s medicine by drone.

  7. Comrade Nom Deplume, a.k.a. Captain Justice says:

    There’s an argument to be made that what really contributes to the our economic death spiral is the Interstate Commerce Clause.

  8. anon (the good one) says:

    glad that i didn’t follow chifi/lubturd on aapl

    and IBM now requires that everybody at helpdesk, including Gary, carry an iPhone

    @CNBC:
    Apple is now sitting on $164,500,000,000 in cash.
    #RapidRecap • $AAPL
    https://t.co/utMZrK1mbp

    @BloombergNews:
    Apple stock is up about 6,000% since 2003:
    http://t.co/2g61HWbU2K $AAPL

    @IBM:
    “Apple and IBM could be setting the agenda for how we all do business for years to come.”
    http://t.co/iIuycIYr8c via @Verge

  9. anon (the good one) says:

    Grim, where’s my post?

  10. phoenix says:

    The bacon of Smithfield went to the Chinese.
    Lucky for me I don’t eat it anyway.
    Now if the Chinese buy Quaker Oats, I have a problem on my hands.
    And Nom, you know how I feel about tariffs.
    First thing in my book to tariff would be kids toys.
    Then women’s shoes.
    That would free up some time for my wife. With the added bonus of more money in my pocket each month.

  11. Juggalo4eva says:

    I don’t care where the gun is made. I want as many as I can get.

  12. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [10] clot

    FWIW, I’ll give odds that the “AK” ban to “punish” Russia will be in place long after things settle in Ukraine. Banning Kalashnikov-style semis isn’t about Ukraine. If a Dem succeeds Obama, that ban stays.

    That said, gun sales are down, probably due to post-Newtown saturation. Good time to pick up an AR. Cabelas is having the best sale on them I’ve ever seen. At the low end are the carbon 14 Bushm@asters. You’re better off buying one of these and putting in locked storage than buying gold coins.

  13. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [12] toxic

    A lot of sturm und drang for something that won’t amount to very much. NJ has an extremely expansive marital privilege but most crim cases could be made without relying on the communication of one spouse to incriminate another. Further, in most jurisdictions, the privilege is a defense against compelled testimony. Nothing of the sort here but NJ grants marital communications more deference than other jurisdictions.

    Moose, that sound right to you?

  14. Comrade Nom Deplume, a.k.a. Captain Justice says:

    Finally, before I head out, a primer on why you cannot believe numbers coming out of the Beltway . . .

    http://www.weeklystandard.com/articles/paygo-begone_794411.html?google_editors_picks=true

    This has current relevance, I promise.

  15. Toxic Crayons says:

    14 – The opinion was written by Stuart Rabner, who was recently nominated for tenure by Chris Christie. God help us we’re stuck with him…. The fact that a judge who would voice his dislike for a civil right publicly, and convince the other justices to vote in favor of it is disturbing to me. For crying out loud Rabner is chief justice…..

  16. Toxic Crayons says:

    Heck, if communication between a husband and wife shouldn’t be privileged, then why should a lawyer/client communication be privileged? Why even have civil rights? So bothersome….

    http://www.nytimes.com/2014/07/23/nyregion/us-is-reading-inmates-email-sent-to-lawyers.html?hp&action=click&pgtype=Homepage&version=HpSum&module=second-column-region&region=top-news&WT.nav=top-news&_r=1

  17. painhrtz - whatever says:

    Nom if you saw their new drool worthy ARX100 that would be banned in the state you would leave to

    http://www.beretta.com/en-us/arx-100/

  18. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [16] toxic

    Rabner was installed by Corzine and it is custom to renominate a judge unless the judge is controversial or the decision politically motivated. Recall that Christie was excoriated for refusing to nominate an overtly partisan judge.

    I’ve met Rabner and while that means nothing judicially, I don’t see him to be out of line with NJ politics or jurisprudence.

    Finally, I disagree that the marital privilege is a “civil right”. There is no civil right I am aware of not to have one’s one words used against them in court. The issue has been whether to permit an exception to admissible statements, that can be used to convict a person, to then convict their spouse as a participant in a criminal enterprise. They can be used presently to convict a significant other or mere acquaintance. The spousal issue came about because of the peculiar nature of NJ’s spousal privilege, an aspect of privilege that has no collorary in federal jurisprudence.

    Besides, as I said, this is unlikely to come up very much. Wiretapped communications can still be used to procure other evidence, and that evidence isn’t tainted because it was discovered as a result of a spousal communication. Further, the privilege can be waived and in crim cases, I suspect it is waived often if a spouse is looking at time.

    As for Christie, are you surprised that a former prosecutor would not support a pro-prosecution opinion?

  19. Toxic Crayons says:

    Forgive me, I’m not a lawyer, so I will defer to your expertise Nom.

    First, What is “communications privilege”?

    Second, isn’t Rabner saying he does not want it to apply to married couples anymore? Wouldn’t this gut communications privilege?

  20. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [18] pain,

    Droolworthy but I suspect that it would be far too much money for me to justify buying. I’m not looking to join a paramilitary squad ever.

    This, OTOH, is practically a steal. I almost can’t justify NOT going down to Christiana today to see if it is still in stock.

    http://www.cabelas.com/browse.cmd?categoryId=549524880&WTz_l=Unknown%3Bcat104792580

    Assuming you use the credit to buy more ammo, you will have an AR and 300 rounds of .223 in storage for $600. Mighty cheap insurance, and if your conscience permits, a nice moneymaker in the event of another gun control scare.

  21. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [21] toxic

    I suggest you drill down further . . .

    http://definitions.uslegal.com/m/marital-privilege/

  22. Juggalo4eva says:

    Bushmaster is a helluva weapon.

  23. Toxic Crayons says:

    23 – I’ve already read it, it’s not changed my feelings on the matter….maybe you would be kind enough to explain it.

  24. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [20] toxic

    Communication privilege means that the private discussions btwn spouses can’t be introduced into evidence. This prevents the gov from doing an end-around on the privilege against compelled testimony. But as the longer piece I posted suggests, that has been construed narrowly and held in many places not to apply if the communication is in furtherance of a criminal activity.

    These don’t prevent good investigators from getting around the privilege. Statements can still be used in court against the speaker. They can still be used to elicit or discover other evidence. And if the content of the speech gives notice that others knew of the subject, they can be compelled to testify or be charged. Case in point: If on the tape, H tells W that “Shorty will get the drugs and drop them off at the house when you are home”, it matters little that H’s words cannot be introduced into evidence against W. But they can be used to get a warrant to search W’s house (I think, not a crim lawyer), they can be used to impeach or charge Shorty, and they can be used against H. Further, if they get H talking to Shorty on tape, that can come in versus W.

  25. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [25] toxic,

    The real distinction gets down to whether or not this is a civil right and I conclude that it isn’t because it isn’t constitutionally protected but exists only by legislative grace. And what grace the legislature can convey, it can take away. Further, as a general principle, any “right, privilege, deduction, etc.” that government grants over and above a constitutionally mandated minimum, it can construe narrowly.

    I’ve given some broad outlines. And while I can go into a great deal more, that requires time I just don’t have at the moment. The internet affords much more access to legal data than it used to so you can also find out more just as quickly as I can.

  26. Comrade Nom Deplume, a.k.a. Captain Justice says:
  27. Juggalo4eva says:

    I think Toxic is gonna commit a crime with his wife.

  28. Libturd in the City says:

    Anon…I don’t know why I bother, but I owned Apple (a lot of it) from 2005 through earlier this year. Once they stopped creating new products (death of Jobs) and became a tool of Wall Street (splits and dividends), I bailed. Maybe I was a little early as I got out mostly in the 500s, though sold a bit in the 700s. But you can’t look a gift horse in the mouth. Nor will you be able to nail a bottom or top.

    I am not surprised you tout the likes of Apple. They pay almost no taxes, exploit cheap labor and lately have been way more fashion over function. Progressives love to overpay for stuff they “think” is better. Apple’s margin is a testament to progressive stupidity.

  29. Fast Eddie says:

    anon (the good one) [8],

    I think you have my role confused. I’m not in a helpdesk position. Not that there’s anything wrong with that but that’s not my occupation.

  30. Ben says:

    Only businesses not leaving NJ are CVS, Walgreens, Rite Aid.
    They seem to sprout like weeds.

    Of course. The entire state is popping pain meds and antidepressants.

  31. Juice Box says:

    “bleached out American flags”

    Cops were snoozing it seems.

    http://abcnews.go.com/Weird/wireStory/mysterious-white-flags-atop-brooklyn-bridge-24663603

  32. Juice Box says:

    More jobs leaving NJ.

    Sealed Air to move headquarters, 1,300 jobs from Elmwood Park to N.C.

    http://www.nj.com/bergen/index.ssf/2014/07/sealed_air_to_move_headquarters_1300_jobs_from_elmwood_park_to_nc.html#incart_river

  33. Libturd in the City says:

    So Passion Fruit. Did you buy back into PLUG this morning?

  34. Ragnar says:

    Anon likes the Apple system because he likes being obedient to masterminds who know what’s good for him, tells him what to do, and convince him that following their instructions makes him “superior” to others. Kind of like joining the Red Guards, Hitler Youth, or Daily Kos redistribution team. Owning the stock is one of various obedience rituals.

  35. Libturd in the City says:

    Well said Rags. All of my Apple devices are Jailbroken, though I do like their IOS much better than Googs or Mr. Softies.

    Gator Jr. got the XBocks One for his 9th birthday. Of course, he had to pay for half of it as I’m not willing to spoil him. Well out of the box, it crashed during the first update. Then it crashes every time a game is installed. What a POS. Though once you are in a game (like F1FA 14) it’s simply stunning. Love that they have a digital out (fiber) which allowed me to hook it up to my aging Yamah@ integrated amp.

  36. Fast Eddie says:

    Lib,

    A great move selling apple in the 500s. I would run from that stock. Btw, I own PepsiCo for years. Give me the PGs, PEPs and BAs of the world all day long. Set to automatic reinvest, sit back and enjoy the ride.

  37. joyce says:

    And what grace the legislature can convey, it can take away. Further, as a general principle, any “right, privilege, deduction, etc.” that government grants over and above a constitutionally mandated minimum, it can construe narrowly.

    Comrade,
    Where does the 9th amendment fit into your understanding?

  38. chicagofinance says:

    libturd: give me your e-mail….I wasn’t talking about that stock, I have another one….not yet implemented but evaluating….but I think it may fit the style of your club…..if you like it, it might push me over the edge……

  39. Libturd in the City says:

    ChiFi: stu_junkymail(at)yahoo.com

  40. painhrtz - whatever says:

    Nom (22) Christ think I want to drive and get one

  41. Michael says:

    No buy back. It was too high at the opening bell. Lucky for me, since it looks like the run is over for now. Any recommendations on where to put this money from plug to work? I’m thinking of just dumping it into conoco phillips and going for a safe bet that won’t pay much, or you know of any better ideas?

    Libturd in the City says:
    July 23, 2014 at 11:13 am
    So Passion Fruit. Did you buy back into PLUG this morning?

  42. Fast Eddie says:

    Michael,

    If you’re going Conoco, why not just go value index fund or dividend ETF and set to reinvest?

  43. Michael says:

    Nice write up and nice move.

    Libturd in the City says:
    July 23, 2014 at 10:20 am
    Anon…I don’t know why I bother, but I owned Apple (a lot of it) from 2005 through earlier this year. Once they stopped creating new products (death of Jobs) and became a tool of Wall Street (splits and dividends), I bailed. Maybe I was a little early as I got out mostly in the 500s, though sold a bit in the 700s. But you can’t look a gift horse in the mouth. Nor will you be able to nail a bottom or top.

    I am not surprised you tout the likes of Apple. They pay almost no taxes, exploit cheap labor and lately have been way more fashion over function. Progressives love to overpay for stuff they “think” is better. Apple’s margin is a testament to progressive stupidity.

  44. Michael says:

    I was figuring that cononco is slightly undervalued and has a little room to go. I might just take your advice. Buying when everything is at an all time high is scary stuff, and an index fund is prob the safest bet during these times and in general it’s a way better long term move. Less stress and a lot less research. I’m young, have at the minimum 30 years on my side to hold.

    Fast Eddie says:
    July 23, 2014 at 12:21 pm
    Michael,

    If you’re going Conoco, why not just go value index fund or dividend ETF and set to reinvest?

  45. Libturd in the City says:

    COP does not look undervalued at all.

    http://ycharts.com/companies/COP/pe_ratio

  46. Libturd in the City says:

    If I was a gambling man, I would buy some KORS anytime prior to upcoming earnings release. I think the big boys are shaking out the little boys with a whole slew of recent downgrades with no evidence to support them. This is a high P/E stock, so tread carefully and definitely employ a TSLO.

    If I was a smart man, I would consider FFIV as there is definitely a need for more network security and app delivery and they seem to have turned the ship around for two straight quarters and guided hire for the third quarter. They provide earnings tonight. I bought them in January and they are up 53.6% on an annualized basis for me.

    Of course, I could be completely wrong and should not be trusted. After all, I moonlight as a janitor.

  47. Ron Jermany says:

    48: OPM.

    Its Medallion fund, open almost exclusively to Renaissance employees, returned more than 35 percent annualized over more than two decades.

  48. Libturd in the City says:

    Juice:

    “Quant King” James Simons, the billionaire founder of Renaissance Technologies, is the biggest Democratic super PAC donor in the country right now, the New York Times Nicholas Confessore reports.

    Read more: http://www.businessinsider.com/james-simons-super-pac-donations-2012-9#ixzz38JQK0qXa

    Baa. Baa.

    Keep on cheering Anon. Your party is no different than W’s and Cheney’s.

  49. Libturd in the City says:

    During this past election cycle, a little more than 12 months, hedge fund managers contributed $1.9 million to Democrats and $1.2 million to Republicans.

    Anon. You are forbidden from tweeting about the 1% ever again.

  50. Libturd in the City says:

    QCOM is probably a safe stock I would consider adding to as well. But enough about my picks.

  51. Toxic Crayons says:

    NJ Day Trading report.

  52. Libturd in the City says:

    At last we stopped talking about strollers daily.

  53. Toxic Crayons says:

    I don’t have any money to invest. All I have are these firearms, gold coins and MRE’s.

  54. anon (the good one) says:

    where’s JJ?

    @CNBC: BREAKING: General Motors announces six recalls covering 717,950 vehicles in the US. • $GM

    @CNBC: 6 new GM recalls include some Camaro, Equinox, GMC Terrain, Buick Regal & LaCrosse, Cadillac SRX, Caprice, Silverado, Malibu, Impala models.

  55. Toxic Crayons says:

    Meanwhile, buried Deep in the AP website:

    Criminal probe of Cuomo administration urged
    July 23, 2014 – 12:04 PM
    Associated Press

    ALBANY, N.Y. (AP) — Political foes of New York Gov. Andrew Cuomo are calling for prompt criminal investigation of his administration following a news report that his office thwarted attempts by his own special corruption commission to investigate groups with ties to him.

    The New York Times reported Wednesday that Secretary Larry Schwartz pressured commissioners to stop subpoenas to a media-buying firm Cuomo used and to the Real Estate Board of New York, whose members financially supported the governor’s campaign.

    State Republican Party Chairman Ed Cox and gubernatorial candidate Rob Astorino say that’s criminal obstruction of justice.

    Cuomo’s office tells the newspaper that it would be “a pure conflict of interest” for a commission appointed by the governor to investigate the governor.

    Spokesmen did not immediately reply to requests for comment Wednesday.

  56. grim says:

    Why no outrage of Fulup’s blocking of the Holland Tunnel in an act of political retribution?

  57. 1987 Condo says:

    #60, what a nutty state we live in!

  58. Toxic Crayons says:

    60 – Holy Sh1t I thought you were kidding…

    Jersey City police chief: Fulop devised ‘illegal’ operation to snarl traffic at Holland Tunnel

    http://www.nj.com/hudson/index.ssf/2014/07/cowan_letter_about_traffic_stops.html

  59. Libturd in the City says:

    Looks like the parent sue-er is planning on attending a super tough school.

    Test Scores — 25th / 75th Percentile
    SAT Critical Reading: 460 / 570
    SAT Math: 490 / 600

  60. Michael says:

    I’m going to take a look. Thanks for the recommendation. Nothing is a guarantee, but I will take a recommendation from an intelligent individual any day. Let you know if I buy-in.

    Libturd in the City says:
    July 23, 2014 at 1:02 pm
    If I was a gambling man, I would buy some KORS anytime prior to upcoming earnings release. I think the big boys are shaking out the little boys with a whole slew of recent downgrades with no evidence to support them. This is a high P/E stock, so tread carefully and definitely employ a TSLO.

    If I was a smart man, I would consider FFIV as there is definitely a need for more network security and app delivery and they seem to have turned the ship around for two straight quarters and guided hire for the third quarter. They provide earnings tonight. I bought them in January and they are up 53.6% on an annualized basis for me.

    Of course, I could be completely wrong and should not be trusted. After all, I moonlight as a janitor.

  61. Comrade Nom Deplume, Guardian of the Realm says:

    [62] condo

    After this, I would guess that no one in their right mind would go near her but she is attending WNEC (for those who couldn’t get into Quinnipiac) so i might be wrong.

  62. Michael says:

    Toxic Crayons says:
    July 23, 2014 at 2:31 pm
    Lmao…these people are sick. We are supposed to trust the management of our society with these type of individuals? If I don’t get my way, I’ll create a traffic jam. What a bunch of babies.

    60 – Holy Sh1t I thought you were kidding…

    Jersey City police chief: Fulop devised ‘illegal’ operation to snarl traffic at Holland Tunnel

    http://www.nj.com/hudson/index.ssf/2014/07/cowan_letter_about_traffic_stops.html

  63. Michael says:

    67-sorry about putting words in your mouth

    Lmao…these people are sick. We are supposed to trust the management of our society with these type of individuals? If I don’t get my way, I’ll create a traffic jam. What a bunch of babies.

    Toxic Crayons says:
    July 23, 2014 at 2:31 pm

    60 – Holy Sh1t I thought you were kidding…

    Jersey City police chief: Fulop devised ‘illegal’ operation to snarl traffic at Holland Tunnel

    http://www.nj.com/hudson/index.ssf/2014/07/cowan_letter_about_traffic_stops.html

  64. Anon E. Moose says:

    Nom [14];

    I’m not the guy to ask. I tell folks that if I wanted to spend my career surrounded by criminals it would have been a hell of a lot easier to just become one.

    Not having read the link, there’s two parts to the privilege, there’s two sides to the privilege: There’s the immunity from being compelled to testify against one’s spouse; and the spouse’s privilege to not have their ‘pillow talk’ admitted in court.

    Considering there are already well-established crime & fraud expections to the attorney-client priviliege, doesn’t seem to me to be a real stretch to extend that to invade the spousal priviliege.

    Funny thing is, I recall a decade ago joking that if (who knew) same-sex marraige became legal the first couples lining up at the courthouse would be organized crime types looking to capture spousal immunity.

  65. Michael says:

    S&P just finished at a record high….we are now officially in unknown waters

  66. Bystander says:

    Anyone here dealt with aluminum wiring in home? Place is nice but from what I am reading, insurance companies may not cover and costs are huge to replace. Is there a simpler fix than total removal? Wondering if I should run.

  67. painhrtz - whatever says:

    By in a word no, Aluminum wiring = firetrap waiting to happen

  68. Anon E. Moose says:

    Re [62];

    Let’s see if I have this correct:

    a) Parents forbit teenage daughter from seeing bad-news boyfriend;
    b) Daughter leaves home, sues parents for support payments;
    c) case dropped;
    d) 8 mos. later, ‘defendant’ dad is in court helping daughter get restraining order against bad-news boyfriend who allegedly choked here in public.

    Kind of make you wonder if the parents weren’t on to something from the beginning…
    File under “Its tough being right.”

  69. Juice Box says:

    re: “Is there a simpler fix than total removal?”

    I have a few runs of aluminum, but it all pig tailed with copper so there isn’t the issue of expansion and contraction at the fixture of the that could one day lead to arching and possibly a fire.

    It might cost a few grand for all fixtures to get it done.

  70. Juice Box says:

    re # 73 – You left out the part of inappropriate touching she levied on her own dad.

  71. grim says:

    74 – put arc fault breakers on the few aluminum runs you have, cheap insurance.

  72. Juggalo4eva says:

    stu (64)-

    As is the case with most parochial HS in NJ, Morris Catholic is not exactly filled with the best and brightest. However, they do not have metal detectors at the entrances.

  73. NJT says:

    #66 – That thing is a dangerous sociopath to ANYONE who has ANY type of contact with it. Dad is making a BIG mistake he’ll regret… Let her/it go her/It’s own way preferably, FAR away. I know it’s tough but sometimes the bad apples have to be tossed.

    BTW, I debated (if you can call it that) her former attorney (Inglesino) back in…1999? re: a land use question. Likes attract (NOT me and him) Inglesino was also looking to get back into the spotlight by, whatever means available and the girl was a convenient platform/vehicle (EPIC FAIL).

    Both of them have NO conscience whatsoever and will resort to ANY tactic as long as its a ‘winning’ one (in their mind – or what passes as one).

    Disgusting and brutal but, that’s NJ.

    Why do I still live here? Oh, yeah, my wife won’t leave and the school system in our town is good (IF you’re involved – as a CARING parent). Oh well, at least I work in PA. (nicc short commute through the ‘country’ with no traffic except for the occasional farm vehicle, cow(s) or other critters).

    Twenty years from now we’ll be reading about this crazy chick : “Sara Palin all over again!”.

  74. Juggalo4eva says:

    dumbass (70)-

    No, we know these waters all too well. What goes up, must come down.

    “S&P just finished at a record high….we are now officially in unknown waters”

  75. Juggalo4eva says:

    stander (71)-

    Run. It’s a guaranteed insurance blackball.

  76. Juggalo4eva says:

    juice (75)-

    It’s a Catholic family. That stuff is OK. Father knows best.

    “re # 73 – You left out the part of inappropriate touching she levied on her own dad.”

  77. Toxic Crayons says:

    Ladies and gentleman, your next governor…Steve Sweeney

    Sweeney suggests making Atlantic City an Abbott district

    http://www.nj.com/politics/index.ssf/2014/07/sweeney_suggests_making_atlantic_city_an_abbott_district.html#incart_river

    Hold on to your wallets. Property tax increases dead ahead.

  78. Ben says:

    S&P just finished at a record high….we are now officially in unknown waters

    What, we’ve never been at a record high before? This will ultimately end like every other record high driven by irrational investing and money printing. Big run up followed by a big crash. Maybe the Dow goes to 20k now, maybe it goes to 25k. Everyone knows that the general public has not taken part in this BS run up because all their managers preached to them about the safety of bonds since 2008. Everyone and their mother is going to ask how they can get a piece of this action. This rally isn’t over and I can’t wait for the golden opportunity to ultimately short the market as the market continues to go up.

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  80. Comrade Nom Deplume, a.k.a. Captain Justice says:

    [39] joyce,

    It doesn’t fit, not neatly anyway. I am not sure where you are going with this but you appear to be mixing concepts here. Any grant of right by a legislature necessarily requires that the legislature be delegated authority, either expressly or indirectly (e.g., the “necessary and proper” clause). If you are looking for a nice, neat dovetail, you aren’t going to find it.

    Anyway, its late and I’m tired, and I am not particularly interested in teaching a constitutional law seminar here so lets just go with this:

    http://teespring.com/lawyersneverwrong

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