From the Real Deal:
The Chinese are about to flood the US real estate market
The chaos of the past few weeks is likely to lead to an acceleration in the rate of real-estate purchases by wealthy Chinese buyers in the US and elsewhere.
“[Chinese] Investors who were looking at investing overseas may bring forward their purchases,” James MacDonald, head of Savills Research in China, wrote in an email to Business Insider. “While some of those that may not have been considering the purchase of property in the U.S. may now look at doing so.”
The Chinese see US real estate as a relatively moderate risk, high-return investment, Svenja Gudell, the chief economist at real-estate-research site Zillow, told Business Insider. Especially if buyers anticipate further RMB devaluation and market volatility.
Wealthy Chinese are already the largest group of foreign real-estate buyers in the US, with 16% of the single homes and condominiums purchased by foreign buyers snapped up by Chinese last year, according to the US National Homebuyers Association. They were trailed by Canadians, who bought 14% of homes.
These houses are typically more expensive properties, worth an average $831,800. Domestic buyers average $345,800 on a new single-family home, according to the US Census Bureau.
Brokers in the US can see the shifting sentiment among their Chinese real-estate clients.
Emma Hao, a broker for Douglas Elliman who specializes in Chinese clients, told Business Insider she’s already felt an increase in urgency among her buyers to purchase property in the US before the yuan devalues further.
“Because they are insecure about the economy and the politics, with the RMB devaluation, the stock market got mashed, and the real estate in China is a big bubble — there is nowhere to go.”
…
Andrew Wu, a real-estate agent at Daniel Gale Sotheby’s who caters to Chinese luxury-real-estate buyers in Long Island, told Business Insider: “They’re looking for a safe haven, and the real-estate market has always been looked upon as a safe haven for Chinese buyers.”
First? First! Good Morning, Grim. Good Morning, Mike. Good Morning, New Jersey.
Good morning Moose. Enjoying the clear air, free from twidiots and other smelly, hirsute redistributionists.
2nd leg down after the dead cat bounce is looking likely. If it comes, I expecting another 3-5% off the overall market. Kept my powder dry for this but not going all in, not even close. I come up with a 25-30% chance it goes down 15%. Too rich a bet for my blood.
Ashley Madison thing is getting wierd, apparently tens of thousands of men paid millions of dollars to chat with robots online.
And even more interesting, due to a bug a few years ago there were instances where bots chatted with other bots, the first documented cases of robot infidelity.
I’ll skip the part where the bots might have been outsourcing to hookers to consummate the deed.
[4] grim,
I’ve not been following it closely but I got the impression from lawsuit articles that they had a team of women (?) who created and ran fake profiles. But what you’re saying is that the profiles were really bots?
I’m dating myself, and sex was only tangentially involved in the original, but this is what came to mind:
https://en.m.wikipedia.org/wiki/Westworld
..I guess this was expected. Number is lower than I thought it would be.
Estimated 400 religious leaders and church staff expected to resign over hack
http://www.relevantmagazine.com/slices/expert-400-church-leaders-will-resign-sunday-because-names-surfaced-ashley-madison-hack
We are #1!!!!
How High Are Property Taxes in Your State?
New Jersey has the highest effective rate at 2.38% and is followed closely by Illinois (2.32%), New Hampshire (2.15%), and Connecticut (1.98%). On the other end of the spectrum, Hawaii has the lowest effective rate at 0.28%, and is followed closely by Alabama (0.43%), Louisiana (0.51%), and Delaware (0.55%).
http://taxfoundation.org/blog/how-high-are-property-taxes-your-state
Data analysts have been having fun with the AM hack.
Which college has the most addresses?
What bank has the most addresses?
What city in your state has the most addresses?
Think AM put a $500k bounty on the hackers.
Cities with high foreclosure rates should give tax abatements to get people to move in. If it’s available to investors, they may buy some properties and hopefully improve the communities.
Number of building permits plunge
The great rush for housing permits in New York City to lock in the lucrative 421-a tax break for apartment buildings gave way to a precipitous decline in July.
The number of permits issued that month fell by 90% from June, according to statistics released last week by the U.S. Census Bureau. The fall-off was especially steep in Queens, at 98%, and Brooklyn, 97%. The terms of the tax break expired in mid June before state lawmakers renewed and revised the city’s program effective in 2016, requiring 25% to 30% of units in 421-a projects be affordable citywide
http://www.crainsnewyork.com/article/20150901/BLOGS01/150839991/number-of-building-permits-plunge
@SenSanders:
Today, one family, the Walton family of Walmart owns more wealth than the bottom 130 million Americans.
just a reply from yesterday. -Banco not naive, and yes had family taken into camps. What I meant to say is: wars suck, and people are vicious. The mister was not meant to offend. It is not like they are selling Nazi flags at the souvenir shop like is done here in the states at civil war sites. It was meant to provide relief to the visitors.
Right now we have dead babies washing up on the shores of Libya as people flee the conflict there. We have Europe getting overun with migrants escaping an oppression in Afghan, Iraq, Libya, Syria. If you want to see painful suffering today look at the ISIS-mid east situation. It is unfathomable how people can torture others. Babies being tossed in the air and used as target practice. Kids being sold off into slavery, families being ripped apart.
As I said wars suck. A lot of innocent people suffered incredibly through the second war, and yet we have learned nothing as we see it repeating again today.
Do they pay more in taxes than the bottom 130 million Americans? Just wondering.
“New Jersey has the highest effective rate at 2.38%”
Mind boggling. Yes, there are basic services being provided for some of that cost but a large amount is unnecessary.
The government is taking a 2.4% skim off your investment before you see a dime of gain.
Contrast that to the amount of fee and volume of debate over mutual fund fees.
Contrast that with the massive debate over
“@SenSanders:
Today, one family, the Walton family of Walmart owns more wealth than the bottom 130 million Americans.”
Wow. Good argument for getting rid of these 130 million slackers. Where can we ship them off to?
Grim, 12, nice.
[12] grim
Yes, by an order of magnitude. But those are inconvenient facts and, thus, deemed irrelevant or heretical.
5 – Sounds like they were paying people to create the fake profiles, but the bots were used to animate those profiles. I don’t think it was staffed exclusively by women. There are emails with the CEO complaining about having to pay people to create the fake profiles.
Curious to see what NYS would be if you removed NYC from calc.
My brother pays $12,000 on a $350,000 value in Orange County…3.4%
The email:
I will tell you what the flaw is — simply listening to hourly employees complaints and then building an unmanageable system around their so called “creativity” block when all that needed to be done was to hire a group of language related individuals to manually build X number of profiles over the span of y month(s) and then have someone on the photo side add relevant and reliable images.
What has been created now is a bureaucratic convoluted nightmare of a process that not only takes longer, costs more money, involves more “management” and ultimately produces a worse product.
Over a year and half ago I approached the two of you to try to automate this system as I did not want to have a CSR level rep making mistakes that lead to transparency issues that they could not comprehend the impact of.
Our ability to productize this approach failed but this nightmare of a quagmire stops now. We just need to learn how to properly staff up for a project and then staff down
[15] Comrade
Facts don’t matter!!!
– Supporters of Trump and Sanders everywhere
[14] leftwing,
One hopes that this figure includes the twidiot and the footrest. As for where, I think we were just discussing an ideal location for those two.
It’s really a nice and useful piece of info. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thank you for sharing.
[16] grim,
Now that is just mind-boggling, given the size and breadth of what was done. If this were any other target demographic, the Feds would be up their collective sphincters with microscopes and Biderman would be living in a compound in Brazil or in a jailcell in lower Manhattan.
Helpful info. Lucky me I discovered your website by chance, and I’m shocked why this twist of fate didn’t took place earlier! I bookmarked it.
[4] grim
“And even more interesting, due to a bug a few years ago there were instances where bots chatted with other bots, the first documented cases of robot infidelity.”
Again, I return to the screen; in “I, Robot”, Will Smith’s Det. Spooner arrested “Sonny” for murder, only to see him walk because the prosecutor defined murder as the intentional killing of one human by another.
I think what gets me is how a bot can interact via email, but then I see the bots that light up this board from time to time and I realize it isn’t all that difficult, is it?
Sen Sanders, let’s do some math and logic…..
So the Waltons own more wealth than the 130 million Americans at the bottom of the ladder?
General consensus is the family has a net worth of $144 billion.
Divide that by the 130 million Americans.
Yields $1,108 per American.
So, we are saying the fact that 130 million Americans cannot find some way over their working lives to save on average 11 hundred dollars each is the fault of the Waltons? Or the system?
Sorry, not buying it. I worked since age 13 (illegally, since I was too young to get a NYS ‘working permit’). Not that hard to put away 11 hundred bucks. And that was forty years ago when a grand actually meant something.
Backward a$$ l1beralism with a not-so-disguised class warfare agenda. But that’s what your guys traffic in. Lies, distortion, envy, fear, and greed.
Wonder how the other candidates are going to change tactics.
Chris Christie Says He Could ‘Go Nuclear’ in Next Republican Debate
New Jersey Governor Chris Christie told late-night television host Jimmy Fallon he won’t keep quiet if he’s passed over for questions during the next Republican Party presidential debate later this month.
Making his third appearance on NBC’s “The Tonight Show Starring Jimmy Fallon,” Christie said he counted one stretch during the first debate Aug. 6 in which he went 20 straight questions without being called on. Next time, Christie said, he promised to “go nuclear” if he feels slighted.
“I’m up there standing next to Marco Rubio and at one point we were like ‘are we still here,’” Christie said during the 20 minute segment with Fallon Monday. “If I get to like 15 questions in a row — count ’em at home — they’ll say uh oh, he’s going to go nuclear now.”
http://www.bloomberg.com/politics/articles/2015-09-01/christie-says-he-could-go-nuclear-in-next-republican-debate
18. email
Wow.
Two thoughts. Very bad case of corporate speak worthy of a Dilbert cartoon (“productize”, really??).
Fundamental case of fraud/theft by deception. Mr Biderman better have a very large bug out bag. Regardless of demographic, that’s an easy head shot.
The text is telling – describing the bots and fake profiles as their “product”.
I almost wonder if something vague was buried in the EULA describing the service as some kind of “entertainment”. Did they ever promise the “person” on the other side was a human?
Good point. Cosmic joke on all those users if paragraph 38 of the small print effectively said ‘none of this real, for entertainment purposes only’. LOL, wonder if that may save a few marriages. “Honey, this is nothing more than my Candy Crush!! It’s not real!!”
Since we haven’t talked about privilege in awhile.
Today’s Privilege News: Balvenie – Tun 1509 Batch 2
Building on the success of Tun 1401, whisky’s most experienced Malt Master, David Stewart’s latest release of the second batch of Tun 1509 showcases true rare craftsmanship. To create the second batch of Tun 1509, David Stewart selected 32 of the finest casks – 23 traditional American oak casks and nine European oak sherry casks – from the distillery’s precious aged stocks. All were transferred to Tun 1509, which sits in The Balvenie’s Warehouse 24, for several months before bottling. This is a rare interpretation of the marrying process and allows the different whiskies to come together to create a unique expression that is greater than the sum of its constituent parts. This second batch of limited release Tun 1509 is higher strength at 50.3% and non-chill filtered.
[30] FKA
Finally, some news I can use.
[26] FKA.
The “going nuclear” is a tactic that Trump has been using to great effect for some time now, and it is largely directed at the media.
The leftists don’t use this tactic because they don’t get “gotcha” interrogatories from the media, and they don’t want to tick off a natural ally. But, given MSM’s lack of perceived trustworthiness, and its perceived (?) biases, people will respond well to a candidate that tells a reporter to “STFU, you don’t know what you are talking about.” They find it refreshing and it differentiates them.
It also is a strategic message delivery system as it permits the speaker to actually get a point across in MSM without it being filtered out by the editors. Basically, it works like this: Reporter asks a “gotcha” question; Candidate says “STFU, there you go again, you know nothing!” then proceeds to lay out a response to the question. The danger for the MSM editor is that they use only the fulminating soundbite and cut off the answer (or worse, allege that Candidate ducked the question) but a competitor runs the full clip, with the answer. Finally, because it puts the reporter back on their heels (allowing the Candidate to answer), the reporter may not recover with a follow up rejoinder or whatever rejoinder they muster isn’t very good.
I see this as a tactic that almost all of the GOP candidates will employ at least once. But once you use it twice, you have to shift gears and go from fulminating to exasperated belittling lest they label you as dangerously unstable.
[27] leftwing
“Mr Biderman better have a very large bug out bag. Regardless of demographic, that’s an easy head shot.”
Biderman put out a bounty on the hackers. I wonder if I can crowdfund an assass1nation attempt? Hmmmmm.
Biderman jumped ship, and given the tone and approach of those emails, I wonder if anyone is left steering that ship. Frankly, I’m shocked that they haven’t taken down the site and completely folded yet, saving whatever money is left for the legal war chest. I’m sure the shredders are going non-stop, not that it will matter much.
I’m assuming none of the hacked data is permissible as evidence, correct?
Nothing says tone deaf like flying in a gas guzzling carbon belching 747 and then using that plane to Instagram about climate change.
http://www.wired.com/2015/09/president-obama-takes-white-houses-instagram/
re # 34 – “left steering that ship”
They put out a statement yesterday that they are killing it and women are chatting away waiting for ya Grim.
“This past week alone, hundreds of thousands of new users signed up for the Ashley Madison platform – including 87,596 women,” the company said. “Last week alone, women sent more than 2.8 million messages within our platform. ”
http://gizmodo.com/ashley-madisons-latest-statement-trust-us-women-use-t-1727683719
Canadian Housing Bust?
“In August so far, total home sales in Calgary plunged 28% from a year ago, on flat prices. Condo sales collapsed 39%, with the median price down 8%, according to the Calgary Real Estate Board. Year-to-date, total home sales in Calgary are down 25%; condo sales 30%. And those condos that did sell spent 30% longer on the market than condos did a year ago, as sellers hang on by their fingernails to the illusion of wealth, and sales are stalling.”
http://wolfstreet.com/2015/08/30/it-gets-even-uglier-in-canada/
Class action lawsuit?
http://qz.com/488851/buying-organic-veggies-at-the-supermarket-is-basically-a-waste-of-money/
#37..does this I will no longer have to view homes on HGTV that are 1500 sq feet and attached and look like crap with no back yard that go for $1.3 million?
[36] Juice
Saw something that stated that sign-ups typically increase after Mother’s Day and Father’s Day along with some times around the major holidays. Maybe these are all revenge sign-ups.
In another 43 year old flashback for me, I see the Clinton-Sanders race shaping up like another race, one in which a democrat, for probably the last time, railed against the media and got taken to the cleaners for it.
[41] redux,
Okay, so it wasn’t exactly original . . .
http://thehill.com/blogs/pundits-blog/presidential-campaign/249885-is-bernie-sanders-the-next-george-mcgovern
Anybody is getting the feeling that what ever was supposedly stopped in March of 2009, really was not, just delayed till now.
The overreaction by the Chinese powers that be make it clear that something very foul, like 6 1/2 years old dead body foul just woke up. Read this from the WSJ to pick up the vibe…
China Boosts Efforts to Keep Money at Home
By Lingling Wei And
Anjani Trivedi
Sept. 1, 2015 11:21 a.m. ET
BEIJING—China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep badly needed funds at home to battle a deepening slowdown in the world’s No. 2 economy.
The country’s central bank said Tuesday that it will make it more expensive for investors to pressure the yuan to weaken against the U.S. dollar by adding conditions to futures contracts.
Some of the country’s largest lenders, including Bank of China Ltd. and China Citic Bank Corp., are beefing up their internal checks on large amounts of foreign-exchange conversions by their corporate clients, according to Chinese banking executives.
Meanwhile, financial regulators, together with the country’s security forces, are stepping up efforts to rein in illegal money-transfer agents who make a living by helping people move money out of China.
The efforts are meant to prop up the currency following the central bank’s surprise devaluation three weeks ago. They come amid signs that China—long a catch basin for the world’s money—is starting to see that money trickle out. A weaker currency generally prompts investors to look elsewhere to put their cash and would complicate the government’s efforts to generate spending and bolster economic growth. On Tuesday, official manufacturing data for August showed the slowest level of factory activity in three years, sending global markets lower.
The numbers are hard to come by because many investors move money out of the country in ways that circumvent China’s tough limits on fund flows across its borders. Some also are quietly moving capital out because of Beijing’s long-running anticorruption campaign.
Still, economists point to indications that money is leaving. China’s foreign-exchange reserves, which last year nearly reached $4 trillion, have shrunk by more than $341 billion since then.
Property-services firm CBRE recently estimated that Chinese investment in overseas commercial properties, which is a proxy for outbound residential investment, totaled $6.5 billion in the first half of this year, putting it in position to surpass 2014’s total of $10.5 billion.
In a note to clients late Tuesday, economists at Goldman Sachs Group Inc. listed stability of the yuan and capital outflows as their “biggest concerns” and estimated the pace of money leaving China might have accelerated to “possibly between $150 billion and $200 billion” since the Aug. 11 yuan devaluation. Economist Zhu Haibin at J.P. Morgan Chase & Co. estimated outflows reached what he called a “remarkable” level of $340 billion from the third quarter of 2014 to the second quarter of this year. Economist Larry Hu at Macquarie Group Ltd. puts the figure at $264 billion over the same period.
Outflows could worsen in coming months should China’s currency weaken further or its economy show new signs of faltering. Recent negative economic data has called into question China’s ability to meet its 2015 annual growth target of about 7%. “Capital outflows could get worse in the third quarter because of the deprecation expectations for renminbi,” said Zhang Ming, a senior economist at the Chinese Academy of Social Sciences, a government think tank, using an alternative name for the yuan.
Chinese companies have also become increasingly cautious about China’s growth prospects and expect the yuan to weaken with a “limited boost to business prospects,” according to a recent survey of Chinese companies by Standard Chartered analysts.
PBOC officials have struck a more sanguine note. In recent days, they have echoed comments last month from top central-bank official Yi Gang, who said capital flows in and out of the country had remained “normal,” though he pledged to increase monitoring of cross-border money movements.
Outflows don’t appear to have reached alarming levels, and Beijing has plenty of firepower to curtail them. For example, its huge foreign-exchange reserves give it ample room to support the yuan’s value and make it attractive for investors.
Longer term, some investors are betting Beijing will continue to open its vast capital markets to the outside world, making its currency more attractive. “It would be dangerous for investors to be shorting the yuan given the stated intention to open up the domestic capital markets over time,” said Andy Seaman, a portfolio manager at London-based investment firm Stratton Street.
Still, recent moves to stem outflows show the balancing act Beijing is trying to strike between pursuing reform and keeping its economy stable amid a slowdown.
Moves such as Tuesday’s effort to discourage betting against the yuan work against its stated effort to gradually lift capital controls. The latest action is “a step back” from market-oriented reform, said Zhong Zhengsheng, director of economic research at Hua Chuang Securities, a state-owned brokerage.
China officially maintains a largely closed capital account, meaning it restricts the ability of individuals and businesses to move money across its borders. A Chinese individual isn’t allowed to move more than $50,000 a year out of the country. Chinese companies can exchange yuan for foreign currencies only for approved business purposes, such as paying for imports or approved foreign investments.
At Bank of China, foreign-exchange purchases greater than $1 million need to be reviewed by the bank’s headquarters in Beijing. Officials at Citic Bank, meanwhile, have been told by regulators to be more alert for people asking their friends and relatives to purchase and remit foreign currencies abroad, effectively skirting China’s capital controls.
China’s foreign-exchange regulator has circulated among banks a “blacklist” of people with a track record of such wrongdoing. “Banks [that] fail to spot those on the blacklist or turn a blind eye on it will be punished and fined by the regulator as well,” an official at Citic said.
The new rule instituted by the PBOC starts Oct. 15. It will require banks use a type of financial contract, known as currency forwards, to buy dollars while selling yuan to set aside reserves with the central bank. Under the new requirement, a bank that has sold a total of $100 of the so-called currency forwards over the course of a month must deposit $20 at the central bank. The reserves will be held at zero interest for a year.
The reserve requirement is aimed at “fending off macro-financial risks,” the PBOC notice said.
Investors saw the move as a way to help the yuan. “The central bank wants to dampen short-term speculation of renminbi selling,” said Tommy Ong, head of wealth-management solutions, treasury and markets for Greater China at DBS Bank in Hong Kong.
Traders Tuesday said they were struggling to give clients quotes for how many yuan a dollar buys onshore on forward contracts, as the cost of holding reserves under the new rules remained unclear.
Meanwhile, China’s central bank Tuesday fixed the currency’s daily reference rate—around which it is allowed to trade in a limited way—at its strongest level against the U.S. dollar since Aug. 13.
At home, Chinese officials have intensified a crackdown on what are known in China as underground banks, which Chinese nationals often use to shift money in and out of the country despite tight capital controls. Meng Qingfeng, vice minister of public security, said late in August that those money-transfer agents remained “rampant” despite repeated crackdowns on them, according to the official Xinhua News Agency. Mr. Meng also urged police around the country to better coordinate with the central bank in the campaign, which will run through the end of November.
Beijing’s tightening of the reins on money flows, coupled with the aggressive anticorruption campaign, is casting chills over places such Macau, the world’s casino capital. Macau’s gambling revenue fell 36% from a year earlier to 18.62 billion patacas ($2.31 billion) in August, marking the 15th-straight month of declining gambling revenue in the Chinese territory, government data released Tuesday showed.
—Grace Zhu and Kate O’Keeffe contributed to this article.
Write to Lingling Wei at lingling.wei@wsj.com and Anjani Trivedi at anjani.trivedi@wsj.com
Grim unmod please..
#40 – https://www.youtube.com/watch?v=C_YP-GYb2Pc
You are so clueless when it comes to economics, it’s not even funny. You actually think there is enough money to go around, where if you work hard enough, you can be a Walton too?
Hmm, so that’s why there are not more rich people, they are too lazy. Interesting.
Do you even understand the premise of capitalism? People compete, someone wins, someone loses. It has nothing to do with lazy. Some poor people are the hardest workers out there, but they don’t have the connections or know how to play the game, so they become pawns used by the players(wealthy) in their game of kings.
Open your eyes and mind, you are running blind right now.
leftwing says:
September 1, 2015 at 9:39 am
Sen Sanders, let’s do some math and logic…..
So the Waltons own more wealth than the 130 million Americans at the bottom of the ladder?
General consensus is the family has a net worth of $144 billion.
Divide that by the 130 million Americans.
Yields $1,108 per American.
So, we are saying the fact that 130 million Americans cannot find some way over their working lives to save on average 11 hundred dollars each is the fault of the Waltons? Or the system?
Sorry, not buying it. I worked since age 13 (illegally, since I was too young to get a NYS ‘working permit’). Not that hard to put away 11 hundred bucks. And that was forty years ago when a grand actually meant something.
Backward a$$ l1beralism with a not-so-disguised class warfare agenda. But that’s what your guys traffic in. Lies, distortion, envy, fear, and greed.
“Do you even understand the premise of capitalism?”
Do you?
I ask the question only to be sarcastic. The answer is ‘no, you do not.’ I will repost what someone else did: a cartoon which hopefully helps you…
http://freedom-school.com/money/how-an-economy-grows.pdf
Don’t toy with me with bs basic economics that applies to 3 individuals living on an island. That does not apply to 7 billion people, it’s much more complicated than that. I understand capitalism very well, but I’m afraid cartoon explanations for understanding advanced economics is a waste of time.
joyce says:
September 1, 2015 at 2:02 pm
“Do you even understand the premise of capitalism?”
Do you?
I ask the question only to be sarcastic. The answer is ‘no, you do not.’ I will repost what someone else did: a cartoon which hopefully helps you…
http://freedom-school.com/money/how-an-economy-grows.pdf
“You are so clueless when it comes to economics, it’s not even funny.”
You’re a donkey. Go back to your USA Today cut and pastes and your ‘searching’ of competing economic theories.
Anytime you want to lay down academic creds or real world experience bona fides in the area let’s go.
I’d say you are in left field but you are so obtuse and clueless you don’t even know you’re on a playing surface.
EEE-AWWWW. Watch out donkey, fly ball coming your way. EEE-AWWWW.
F your creds. I only care about you proving to me how poor people are lazier than the Waltons. Please explain. Creds mean nothing, defend your arguments and that’s all the credentials I need. I called you out on bs economic talk, now defend it. Justify your argument.
leftwing says:
September 1, 2015 at 2:16 pm
“You are so clueless when it comes to economics, it’s not even funny.”
You’re a donkey. Go back to your USA Today cut and pastes and your ‘searching’ of competing economic theories.
Anytime you want to lay down academic creds or real world experience bona fides in the area let’s go.
I’d say you are in left field but you are so obtuse and clueless you don’t even know you’re on a playing surface.
EEE-AWWWW. Watch out donkey, fly ball coming your way. EEE-AWWWW.
From your response, I assume you read somewhere between 0 and 3 pages. There was a page 4, FYI. And more beyond that as well.
Mathematic rules do not change as the numbers get larger.
Please make it known that I am hereby calling Michael (a.k.a. the Idiot, Turdblossom, Gourd, Pumpkin, Miss Phillis Levine) on his/her “economic bs” and demand him/her to defend it and justify it.
First, as has been stated to you exasperatingly numerous times, I did not say anywhere that ‘poor people are lazy’. Batting 1.000 in your continued reading (in)comprehension, Eeyore.
My post had very little to do with economics. It was, as stated in the last paragraph, a criticism of powers-that-be who use oversimplified yet eye catching data without any analysis to generate an emotional response that suits their personal goals without addressing the issue at hand.
EEE-AWWWW.
Where is technology in this thought process? Where is improving efficiency in this thought process? Where are dominant players sucking up the resources(Waltons)applied in this thought process?
Wish the world was still at the economics level of that cartoon, but that time is long gone. Those rules no longer apply to a game that has drastically changed (advanced).
joyce says:
September 1, 2015 at 2:25 pm
From your response, I assume you read somewhere between 0 and 3 pages. There was a page 4, FYI. And more beyond that as well.
Mathematic rules do not change as the numbers get larger.
What exactly are you implying here?
“So, we are saying the fact that 130 million Americans cannot find some way over their working lives to save on average 11 hundred dollars each is the fault of the Waltons? Or the system?
Sorry, not buying it. I worked since age 13 (illegally, since I was too young to get a NYS ‘working permit’). Not that hard to put away 11 hundred bucks. And that was forty years ago when a grand actually meant something.
Backward a$$ l1beralism with a not-so-disguised class warfare agenda. But that’s what your guys traffic in. Lies, distortion, envy, fear, and greed.”
leftwing says:
September 1, 2015 at 2:29 pm
First, as has been stated to you exasperatingly numerous times, I did not say anywhere that ‘poor people are lazy’. Batting 1.000 in your continued reading (in)comprehension, Eeyore.
My post had very little to do with economics. It was, as stated in the last paragraph, a criticism of powers-that-be who use oversimplified yet eye catching data without any analysis to generate an emotional response that suits their personal goals without addressing the issue at hand.
EEE-AWWWW.
54- this tells me how out of touch with poor people you are. “Saving a thousand dollars is easy”, said no poor person ever.
What I am implying is what I am stating. That the fact an American can not do something, anything in this country to generate $1100 of savings during the period they may have worked so far is not only not the ‘fault’ of the Waltons but unrelated to their wealth.
Still batting 1.000 on that reading incomprehension, I see.
So the Walton’s wealth has no impact on anyone else?! Of course not, how dumb of me.
Where is technology in this thought process?
page 9
Where is improving efficiency in this thought process?
page 9
Where are dominant players sucking up the resources(Waltons)applied in this thought process?
page 39+
Lot of poor people asking for tennis lessons?
Lot of poor people utilizing the services of whatever company you (LOL) do financial analysis work for?
The Great Pumpkin says:
September 1, 2015 at 2:35 pm
54- this tells me how out of touch with poor people you are. “Saving a thousand dollars is easy”, said no poor person ever.
Why can’t you understand that capitalism is a game/competition. If you are worth over a 100 billion, you are beating the sh!t out of everyone else and are relentless in your attack. It’s like a soccer game being 100,000,000 to 0, and you keep attacking. It’s crazy, but you can never understand this, guess only donkeys can…..eee-awwww
“this tells me how out of touch with poor people you are. “Saving a thousand dollars is easy”, said no poor person ever”
Yet again misquoted. Otherwise, let’s chat.
Everyone earns exactly what they earn, now.
Everyone spends exactly what they spend, now.
Add one thousand new dollars to the equation and don’t spend it.
How to generate 1000 incremental dollars? Gee, I don’t know. It equals 138 hours at minimum wage. Over how many years would you like to divide those 138 hours?
You have no idea of my background, he of the “there’s whole townships of millionaires out there, I tell you”. If you did you’re statement would be hilariously laughable.
EEE-AWWWW
If they use their family’s wealth to buy the govt and use the govt to keep them rich or make them richer, yes it does. I think the briber and bribee should be punished and removed from the equation.
The Great Pumpkin says:
September 1, 2015 at 2:44 pm
So the Walton’s wealth has no impact on anyone else?! Of course not, how dumb of me.
“So the Walton’s wealth has no impact on anyone else?! Of course not, how dumb of me”
Thank you, correct.
I stopped debating you and preferred the mirror when I realized your view of the economy is that it is a zero sum game – someone else’s gain was someone else’s loss. Even the old communists didn’t buy that.
EEEE-AWWWW
The majority of the walton’s (et al) wealth has everything to do with asset bubbles that you cheer on more than anyone else. Idiot.
The Waltons got rich by making the lives of most people better than before. By WalMart being the best on supply chain management and inventory/demand management for at least 30 years, basically rewriting the rules on general store operational strategy, investing in global IT unlike any retailer before, leveraging hub&spoke regional distribution systems, and generally driving down the cost of basic items to customers everywhere they expanded to. In the process, they drove less efficient competitors out of business, including a lot of regional chains that typically provided less variety of products at higher markups. Walmart over the past 15 years also put a lot of pressure on the less efficient and less differentiated food stores.
But village pumpkinhead stares at all of this like an illiterate pigmy from Papua New Guinea, and will blather on with his meaningless incantations.
My first experience with Wal-Mart was when I visited Texas for the first time. The folks I was staying with raved about Wal-Mart and how it had everything for decent prices, and how they served the rural areas the other large chains wouldn’t serve. I had never heard of it.
That was in the mid-80’s. I wish I had bought and held WMT but I don’t even know if they were public at that time.
It starts in the home. A generation of f.uckups is going to breed another generation of f.uckups. It really is that simple.
Candy for Joyce. Also very sad.
http://www.ajc.com/news/news/local/cop-shot-responding-to-wrong-house-gbi-leading-inv/nnWKr/
And this one too…
http://www.latimes.com/local/lanow/la-me-ln-san-bernardino-county-televised-beating-20150901-story.html
[68] buyer
I predict we can expect some large or widespread police strikes in the near future.
Won’t affect me in any meaningful way but it could be really bad for some folks. Or not as they have practically driven police out of certain areas so it is as if there is a de facto strike already.
69 – Comrade
Perhaps the police do have a tough job. I haven’t walked a beat so I cannot say.
But if you enter a home with two of your buddies with weak suspicion of a *potential* non-violent suspect in a general non-descriptive geographic area, **kill my dog**, shoot me in the leg, and suck at your job so much you manage to shoot your own coworker in the leg… you kind of deserve whatever punishment and name calling that occurs afterwords.
Are these only two stories, yea. Is it Representative of all cops? Probably not. But why does it keep happening then? On what planet do these people live where they think no one is recording this? And why is the frequency of events like this happening at a apparently increasing rate? Shouldn’t they be decreasing with each rotten individual being found out and removed from the system?
Events like this doesn’t build confidence in the public you are serving. The police in general need to get out ahead of the PR mess they are creating by allowing unqualified to mentally disturbed individuals in their ranks.
The Cops have the same problem as the Catholic Church and abuse.
Only good cops can stop bad cops. Until they decide to clean up themselves and not tolerate bad behavior they will be view with suspicion.
Just like now a priest is viewed as someone to keep your boy away from.
Holy shit
http://www.rollingstone.com/sports/news/jimmy-superfly-snuka-charged-with-third-degree-murder-20150901
The article is off- base…….the point of organic is trying the make the best choice about what goes into your body…..let the earth turn to sh!t, abuse workers, eco-sh!t everything………the author misses the point….I think the author’s paycheck is a waste of money…..
Juice Box says:
September 1, 2015 at 11:42 am
Class action lawsuit?
http://qz.com/488851/buying-organic-veggies-at-the-supermarket-is-basically-a-waste-of-money/
None of these comments to your articles seem to reflect a response to the article……
74- Confused :
Some worthless purely anecdotal observation from the mythical land of Hoboken-
Walking down Bloomfield and Garden, and in some of the “shiny new luxury condo” areas still many many stroller moms (and dads) moving in speaking european languages. However, within the last 9 months or so there seems to have started an influx of Asians. (noticeable since they used to seem to mostly settle next door in Newport) Not in the brownstone neighborhoods, but further back in town and in the heavily-condo-conversion areas. Interesting thing is that it’s not stroller moms and dads here; it all seems to be 20-something year old kids living in these recently purchased condos. Maybe they’re all here for school, but they certainly don’t appear to be working a regular job for a living.