From HousingWire:
Affordability constraints hold back pending home sales
Pending home sales remained in a holding pattern in June, however they increased slightly, according to the Pending Home Sales Index from the National Association of Realtors.
Constricted supply and low affordability prevent a larger boost in home sales, even while mortgage rates linger near their all-time lows, according to the index.
National home prices increased by 5% annually in May, according to the S&P CoreLogic Case-Shiller Indices.New home sales were up once again in June, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. In fact, they even reached an eight-year high.
“Until inventory conditions markedly improve, far too many prospective buyers are likely to run into situations of either being priced out of the market or outbid on the very few properties available for sale,” NAR Chief Economist Lawrence Yun said.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched 0.2% to 111 in June, up from 110.8 in May and is now 1% higher than June 2015’s 109.9. With last month’s minor improvement, the index is now at its second-highest reading over the past 12 months, but is noticeably down from this year’s peak level in April 115.
An index of 100 is equal to the average level of contract activity during 2001, the first year to be analyzed. Coincidentally, 2001 was the first of four consecutive record years for existing-home sales.
“With only the Northeast region having an adequate supply of homes for sale, the reoccurring dilemma of strained supply causing a run-up in home prices continues to play out in several markets, leading to the last two months reflecting a slight, early summer cool down after a very active spring,” Yun said.
“Unfortunately for prospective buyers trying to take advantage of exceptionally low mortgage rates, housing inventory at the end of last month was down almost 6% from a year ago, and home prices are showing little evidence of slowing to a healthier pace that more closely mirrors wage and income growth,” Yun said.
Regarding the Northeast comments, one month blip in the MOM numbers is meaningless. But, NE is still showing a strong 1.7% year over year increase.
From the NAR:
http://www.realtor.org/sites/default/files/reports/2016/embargoes/phs-7-27/phs-06-2016-pending-home-sales-07-27-2016.pdf
frist prime
I fell asleep last night before Obama took the stage. It sounds like I didn’t miss much.
“Tonight was a sad night for the Democratic Party,” Trump senior adviser Stephen Miller said in a statement on Wednesday night. “They offered no solutions for the problems facing America — in fact, they pretended those problems didn’t even exist.”
He added: “They described a vision of America that doesn’t exist for most Americans, including the 70% of Americans who think our country is on the wrong track. Never has a party been so disconnected from what is happening in our world.”
…
“Their entire message could be summed up as: things are perfect, let’s not change a single thing,” he said.
Miller continued: “So they resorted to the politics of fear, trying to convince Americans not to vote for change — they spoke on behalf of the big banks and the big elites, not on behalf of suffering Americans. They want to keep the system rigged for their donors. Period. Rigged trade deals, a rigged economy, and open borders that benefit the few at the expense of the many.”
http://www.businessinsider.com/trump-campaign-dnc-obama-biden-kaine-speech-2016-7
grim – re:NAR. I don’t even own a firearm and I’m thinking about joining. Many years ago, like 30 year, I had a friend who was an NAR member. When it came time to renew he decided not too. He said they kept calling his house and finally they just renewed him without paying.
Regarding the Northeast comments, one month blip in the MOM numbers is meaningless. But, NE is still showing a strong 1.7% year over year increase.
LOL. It’s early. I was thinking NRA. Never mind.
When will the goldman transcripts be leaked? The day before the election?
Read Gucc1fer’s response to the “Russian” connection.
https://gucc1fer2.wordpress.com/2016/06/30/faq/
Spoiler…it’s bullsh1t
(also you must change the “1” to an “i” in the link in order to visit his blog page…I suspect because his name is similar to the luxury brand and gets caught in Grim’s spam filter)
https://www.congress.gov/treaty-document/106th-congress/22/document-text
Formal Title
Treaty between the Government of the United States of America and the Russian Federation on Mutual Legal Assistance in Criminal Matters, signed at Moscow on June 17, 1999, and a related exchange of notes.
Date Received from President
02/10/2000 — 106th Congress (1999-2000) Text of Treaty Document available as: TXT PDF
Countries / Parties
Russia
Committee Reports
Ex. Rept. 107-3
Latest Senate Action
12/19/2001 — 107th Congress (2001-2002)
Resolution of advice and consent to ratification agreed to in Senate by Division Vote.
Of course it’s bullshit. DNC made up the Russian Hacker story to create some kind of cold-war espionage theory, because the only way you can redirect on something so significant is to redirect to something significantly more outlandish (isn’t this a Rules for Radicals tenet?).
[9] If you want to hear the world’s worst talk radio show find John McCain’s daughter, Megan McCain. She hates Trump so much that you can’t even believe her when she says she hates Hillary just s much. She has a femmy boy as a sidekick and last night they were spinning that Guc1ffer 2 is actually a very low level Russian propaganda team that is employed by the Russian government.
Trump should redirect back with something bigger like they are now receiving phone calls from someone claiming to be Guc1ffer 2 and they are saying they have pictures and video from Clinton’s phone showing her and various other women performing s3x acts on each other.
[11] Maybe that’ll backfire. Most white men are in favor of such things.
I forgot to credit this yesterday, it was from a radio phone interview with Lou Holtz, believe it or not:
1. If you want to make a conservative mad – tell him a lie and then tell others a lie about him.
2. If you want to make a liberal mad – tell him the truth and then tell others the truth about him.
Gotta love it. Trump wants to lock up hillary for possibly putting govt secrets at risk with the email server, but then he is advocating that Russia should “hack” govt files involved with Hillary. Definition of hypocrite.
I guess it’s okay for a presidential candidate to ask a foreign nation to hack govt files because it involves your enemy. What a joke. Republican party is dead.
The server you’re talking about no longer exists. What would they even hack? He is talking about emails they are supposedly already in possession of.
The Great Pumpkin says:
July 28, 2016 at 8:56 am
Gotta love it. Trump wants to lock up hillary for possibly putting govt secrets at risk with the email server, but then he is advocating that Russia should “hack” govt files involved with Hillary. Definition of hypocrite.
[14-15] Pumkinrube – there are other places on the internet where you might find some like-minded people. You might even make your first friend.
Based on moves some multinationals have been making for a while now, I have a prediction for international tax:
Loser countries: Caymans, Ireland
Winner country: Switzerland.
Win some, lose some: Bermuda, Monaco, Netherlands
Jury still out: Andorra, Lichtenstein, Belgium
This is based on movement in response to political risk from the US and OECD countries.
For Sale….DNC
After skipping GOP convention, N.J. lobbyists are out in force in Philadelphia
http://www.northjersey.com/news/after-skipping-gop-convention-n-j-lobbyists-are-out-in-force-in-philadelphia-1.1635804
I can see how the first debate will go now.
Trump: ” would you let me finish?”
Clinton: “Jew. You said Jew. Anti Semite”
[16] DFENS
Do you mean the emails about yoga and children? Yes, I can see how those emails would implicate national security. Knowing that cankle’s yoga pants ride up on her could be seriously destabilizing to our standing in the world.
Who is going to sign up?
http://www.infowars.com/new-reparations-website-asks-whites-to-pay-black-peoples-rent-to-relieve-their-guilt/
Comrade,
What’s up with Ireland? 10% corporate tax in jeopardy?
Go ahead and take the bait Blumpkin, you’ve been searching for a rationale to start to support Hillary now that you’re champion Bernie has sold you out.
BTW, ever wonder why 100 million working age americans are not in the workforce? Maybe because our government has approves 10 million work visas per year and has turned a blind eye to 10-20 million illegal immigrants? http://www.huffingtonpost.com/judy-frankel/insourcing-american-lose-_b_11173074.html
Staggering, and Hillary wants to increase all of these numbers significantly.
I guess my memory is starting to go; I thought I heard several times that the DNC convention was only 3 days long… which seemed so weird to me since Hillary didn’t speak yesterday. Am I crazy or did anyone else hear that last week/ week before?
Holy Crap. Joseph Stiglitz is on Bloomberg TV right now saying TPP is not about trade, it is about boosting profits for big pharma and other big companies, there will be winners and losers, and TPP is not about growth. That old bow-tie guy (blatant Hillary supporter when you hear him on radio) can’t stay in his chair because his tighty-whities are so bunched up.
nwnj3 #24
I am not in tech but have heard pieces parts of this story before but not some of the workarounds utilized to sidestep the # of visas issues.
How do you know Hillary wants to increase these #s significantly? I can see how big companies would lobby for this but interested how strong your convictions are on the subject – not looking for a fight, just knowledge and education on the subject matter. Are you in the tech space? Thank you,
On a macro basis, does any futurist / consultant / economists ever generate reports to indicate at what point as a world we arrive at the lowest cost business model so there are not enough consumers to support a global economy and it goes nose down for the entire planet?
[25] Nope, 4 days all along. I can’t tell you that I knew before this year how long a convention was and I’ve certainly never watch two complete conventions before (though I did fall asleep last night before Obama).
Don’t we already do that?
Who is going to sign up?
http://www.infowars.com/new-reparations-website-asks-whites-to-pay-black-peoples-rent-to-relieve-their-guilt/
Expat…same thought crossed my mind.
Stiglitz is a mental midget who stated that there was no risk of Greek default.
#27
Hillary supports open borders, full citizenship for illegals, an increase in H1Bs, green cards for all US STEM graduates, and mass relocation of refugees.
AP: US homeownership rate of 62.9 % matches a 51-year low.
Gourd-o [14];
Trump wants to lock up hillary for possibly putting govt secrets at risk with the email server, but then he is advocating that Russia should “hack” govt files involved with Hillary. Definition of hypocrite.
Between this and yesterday, these are the days I’m only reinforced that you are a troll (if not a sock).
On the off chance you’re serious, you can’t get around this:
A) There was nothing secret in Hillary’s 30,000 deleted e-mails;
B) It’s a “National Security Issue” if Russia gets them.
https://twitter.com/jimgeraghty/status/758349501111341056
You get to pick one story, not both.
[34] anon
Not to mention that, using the DNC talking point, Trump was advocating that Russia hack a server THAT DOESNT EXIST.
USA Today calls for Her Hillness to shut down her family foundation.
http://www.usatoday.com/story/opinion/2016/07/27/hillary-clinton-donald-trump-democratic-convention-acceptance-speech-editorials-debates/87586226/
“I, along with Chelsea and Bill, have appointed a new board to manage winding down the Clinton Foundation while I’m president. Its many good works will be continued by the Bill and Melinda Gates Foundation. There will be no conflicts of interest, nothing to raise doubts about whether your president is working for you and for you alone.”
Wait, you mean that the Clinton foundation was just a slush fund benefiting Hill, Bill and Chelsea while she was steering foreign policy as Secretary of State affecting interactions with foreign nations that made huge (yuuuge) donations to her Foundation?
Yet another “Few Good Men” moment: If nothing unethical is going on, then why would she have to close a “charitable” Foundation? O_o
Another reactive move by HRC. That’s some leader. I always felt that the Clinton Foundation was much more dangerous than any of Trump’s ideas.
Ben – aren’t you a teacher? Maybe sour grapes because Stiglitz beat you out for the Nobel Prize or infringed on one of your post-doctoral theses? Anybody can be wrong. I was wrong once. I thought I made a mistake with something but it turned our I was right to begin with. I was literally wrong to think I was wrong, which is kind of mind-bending in its own way. Anyway, I guess we’re to understand that you believe the TPP to be the best deal ever?
TPP ‘worst trade deal ever,’ says Nobel-winning economist Joseph Stiglitz
http://www.cbc.ca/news/business/joseph-stiglitz-tpp-1.3515452
Stiglitz is a mental midget who stated that there was no risk of Greek default.
[33] Alex – And a full 1% lower YOY in the NorthEast. I’m going to sell this fall. Pumpkin thinks it’s a mistake so that’s all the convincing I need. Here’s a chart:
http://www.census.gov/housing/hvs/files/qtr216/hown216.png
AP: US homeownership rate of 62.9 % matches a 51-year low.
36
“Nor will the Clinton Presidential Library accept donations of any kind during my presidency except funding that is provided by the American taxpayer.”
Presidential libraries are funded by the government? Had no idea
Moose,
36 again
You should have also posted the very next line.
“I have informed my husband that during my administration, he will take no money from anyone with any interest in influencing the policies of the United States government. “
A dozen or more years ago I read somewhere that on Clinton’s first day in the White House (as first lady) that she stormed up to some military person in uniform and got in his face saying something like, “You get out of here! You and your type aren’t in charge anymore!” That’s the first thing that came to mind when I just stumbled on the below story. I think she really has a deep seated problem with anyone in uniform:
http://dailycaller.com/2016/07/28/giuliani-hillary-clinton-doesnt-allow-uniformed-police-on-convention-floor-video/
Now Clinton has to do double duty spinning against both Trump and Sanders.
http://heatst.com/politics/bernie-sanders-leaves-the-democratic-party/
ExPat…the uniform thing is to placate the BLM movement. Mayor Pastafagoila is jousting at windmills here.
This is what politics have become. It’s incredibly pathetic, but not as pathetic as the cheerleaders for each party.
As for Bernie…when the DNC let the old Jewish Soc1alist in to the party, I’m sure he signed some papers that said loser had to endorse the winner. He really had no choice (see Nader or Perot). Glad he bailed already. He’s not a Democrat, much like Trump is not a Republican. Heck, the party was barely mentioned all throughout their convention.
Ben – aren’t you a teacher? Maybe sour grapes because Stiglitz beat you out for the Nobel Prize or infringed on one of your post-doctoral theses? Anybody can be wrong. I was wrong once. I thought I made a mistake with something but it turned our I was right to begin with. I was literally wrong to think I was wrong, which is kind of mind-bending in its own way. Anyway, I guess we’re to understand that you believe the TPP to be the best deal ever?
Yes, I’m am a teacher. And…there is no Nobel Prize in economics. I come from a background in Physics in Chemistry. The two subjects that are the closest things to exact science that you will ever have. We deal in facts. We don’t draw conclusions without clear evidence. Stiglitz comes from the economics community, the 2nd most intellectual dishonest field of academia (behind the Educational Research Community). They deal in theory exclusively. They make silly assumptions. And when proven wrong, they just ignore it.
Anybody can be wrong. But for a guy to look at the finances and economic situation of Greece in 2008 and proclaim that there is no danger of default is someone incapable of running simple numbers. Stiglitz is a political operative and a paid schill. He’s still pretending he was never wrong in the first place. He has no integrity at all. I suggest you don’t take anything he says seriously.
I have not commented on the trade deal. That being said, I’m of the opinion that you can shut free trade agreements down and we would be absolutely fine in this country. We became the richest nation in the world under 200 years of tariffs. If anyone truly believes we are incapable of running a highly functional economy relying primarily on the production and trade between the 50 states we already have, they are sorely mistaken. It means we make more, consume less…and don’t run a trillion dollar trade deficit each year. Currency manipulation acts as a tariff anyway…so the agreements we have are completely useless. We don’t need cheap shit from China.
[46] Ben – No problem, I think we would get along just fine. I was just a little dubious as to why you would disparage Stiglitz (who I have no opinion of) in what seemed like a knee-jerk reaction to what he seems to think about TPP. Of course you and I can have no opinion because we’re not allowed to see it. For that reason alone, I’m against it.
BTW, my degree is in electrical engineering and I earned my way through college as a physics tutor. I too am of a like mind that there is, in many circumstances, an absolutely correct answer and all other answers are provably incorrect. I think that’s why kids don’t go to college for Chemistry, Physics, Math, Engineering anymore. They arrive on campus and find out that certain majors you can just say and do whatever you want and still get straight “A”‘s. I *like* to believe that still is not possible in hard sciences. I truly, truly, hope and pray we don’t have scientists, engineers, and mathematicians released into the wild just on their ability to deliver $200K to a university.
[46&47] One more thing, Ben – I get the distaste for economics too. I have a friend from college who never, ever, ever left college. He stayed there Summers and worked for the Housing department. Stayed there after college and went to work on his grad degrees, stayed there after his Ph.D and has only moved to a new place of work once. To a new university. He has his Ph.D in Economics and that’s what he teaches at St. John’s. I really, really like him but he seems completely out of touch with anything that is mathematically provable and enjoys posting crap leftist propaganda on his FB page that purports to give accurate numbers but just does not. I feel your pain.
good stuff guys….now Kith!
The scientists and engineers that have skirted by get by in academia by being “co-authors”. That’s why it’s the first and last author that really only matter on most scientific publications. There was one woman I had to work with at Rutgers who did nothing but had more publications than the rest of the department. I sent something to her to look at that she had no involvement in and she only replied back “put my name on it”. Sadly, no field is immune to pushing incompetent morons through. But in science, we at least prevent them from failing to the top in most cases. I do know of a few who managed to still do it though.
Could be 4″ of rain between tonight and tomorrow guys. Test those sump pumps.
Ben appears to understand economics better than most economists. Stiglitz is indeed a political hack who happens to be good at math, and very bad at connecting it to reality. Like pumpkin, Stiglitz is an economist who is generally against economizing. He’s against capitalism, against trade, against sound money, against financial discipline. Which is why his opinion is in such high demand in our self-destructing world.
I disagree with Ben on the importance of global free trade, but everyone can make mistakes. The Great Depression helped illustrate what happens to the US when tariffs go up and global trade goes down.
“I truly, truly, hope and pray we don’t have scientists, engineers, and mathematicians released into the wild just on their ability to deliver $200K to a university.”
I lost you here at the end of your comment…?
Trade is important, but I agree with Ben for the most part. This country would be better off than others without trade. That said, we need tariffs. Modest, simple, flat % tariffs… equal to those of our trading partners and potentially higher if the trading partner had slave/child labor. <<<(high level details only)
No One says:
July 28, 2016 at 5:08 pm
I disagree with Ben on the importance of global free trade, but everyone can make mistakes. The Great Depression helped illustrate what happens to the US when tariffs go up and global trade goes down.
Here is some anecdotal FB conversation between my 18 year old nephew and my wealthy MIL who hasn’t been employed or worried about money since 1963. I think it represents the huge split in the Dem party:
N: I must say, as of today I no longer consider myself a Democrat.
Don’t get me wrong, I’m still a liberal, I still believe in fighting for the masses, and I still love the policies and ideals of great thinkers, like FDR and Kennedy.
But I believe the modern Democratic Party no longer reflect this. At this point they are liberal in name only. They are simply politically correct Republicans.
They don’t stand up to ignorance, they don’t defend the needy, they serve only the rich and powerful. And I won’t stand for it.
MIL: Given a choice, I can give you several reasons not to throw your vote away. The Democrat platform has many objectives to benefit the middle class and it all takes time to turn policies around. Fdr had a war time…Continued from above- FDR had a depression and a war to get liberal programs passed to turn peoples lives around and make them better. There were many voters who despised FDR but he, under the circumstances was able to to get people back to work and off food lines. I hope Hillary will cooperate with Bernie to see that some of his wishes are enacted. It all takes time. Trump is not the answer.
N: I agree that Trump isn’t the answer, Grandmom, but neither is Clinton. She’s corrupt. She rigged the election. I don’t think she’ll give us REAL change. I don’t vote AGAINST people, I vote FOR them. Progressives ought to be creative by nature, not reactive. The best way to defend these things is to push for newer more progressive things.
More from my nephew:
N: Well, there’s one thing Michelle Obama and Elizabeth Warren have done very well today; destroy their credibility.
N: It’s pretty awful that the #DNC can rig an election and try to get away with it by saying “Hey, at least we aren’t Trump!”
“Stiglitz comes from the economics community, the 2nd most intellectual dishonest field of academia (behind the Educational Research Community). They deal in theory exclusively. They make silly assumptions. And when proven wrong, they just ignore it.”
Three scientists are marooned on a desert island. Case of soup floats up. Running low on food they need to find a way to open the cans.
Physicist does some calculations and determines the exact height from which cans need to be dropped on a craggy rock to puncture, but not split, the cans open.
Chemist does some calculations on the contents of the soup and determines how long the cans need to be heated to pop, but not burst, the seams.
Economist picks up a can, looks it over very diligently, and says “assume a can opener…”
I disagree with Ben on the importance of global free trade, but everyone can make mistakes. The Great Depression helped illustrate what happens to the US when tariffs go up and global trade goes down.
Global free trade only works well with populations of similar income level and standard of living. There’s no reason that anyone who understands markets agrees that we should have ever lowered barriers with countries where people were making less than a dollar an hour. They take our jobs, we run deficits. And the only market force that can stop that is when the wages of each population reach parity in ours going down and theirs going up. But as Ross Perot said “in the meantime, you’ve wrecked the country”. And if you look at every industrial city/town that existed prior to 1990, indeed we have. But we have a worse situation, because currency manipulation and pegging has allowed them to prevent their wages from rising at the rate that they should so we just run bigger deficits. While it’s great for the people involved in outsourcing and other related fields, it’s a net loss for the country.
Hey don’t blame me, I just saw an angle and ran with it.
Due to looking at foreclosures all over creation and having to do research to determine their value I run across unusual market situations. House in question is located in the Flanders section of Mount Olive Twp, Morris County. Large Toll Brothers colonial with a 3 car garage built in 2003. Back stair up from the family room, 3 full baths including a Jack & Jill, 2 story family room, all sorts of upgrades, a sweet house in fairly decent condition in a development of similar. Only 1 closed sale in a development of 120 homes in 2016. Several listed homes with long market times. Even more expired listings. The closed sale is an REO with a long market time, smaller than the subject and a 2 car garage in reasonable condition. Closed sale price is $432,000.
Not too far away we have another very similar house in a different development. We bought it for $391,000 and it was vacant. We spent about $25,000 on repairs and put it back on the market for $549,900. Good comps from 2013 and 2014 within blocks of the subject. House goes on the market and doesn’t generate any activity. We slowly and steadily drop the price to $499,900. Now under contract for $485,000.
Comps in the Toll Brothers development from 2014 & 2015 are into the low $600’s for the style of the house we are considering bidding on. No sales since. We know the REO in the Toll development which is inferior sold for $432,000 in February and nothing since. Properties priced where the last sales closed are not selling. And we know what is happening to us with our other house nearby.
Decision was to take a very conservative approach to bidding. Turned out the bank’s upset price was too high for us. There was $5,000 due in taxes due which have to be paid in addition to the bid and the upset price was $350,000. Gavel eventually fell at $402,000. For a total cost of $407,000.
What is interesting to me about this situation is the clear partial recovery in the area after the economic crisis which then back tracked. My feeling is that the luxury segment in this market has finally reached a bottom in the current decline and will slowly begin to appreciate. From the lens of a Bergen County guy my initial reaction would be to believe that the 2014 & 2015 sales would be a floor and the current value could only be higher. Clearly not the case in the micro-market.
[61] 30 year – I’m glad you can now give us some boots on the ground reports from Morris County. Thanks. BTW, one of my sisters lives in that exact Toll brothers house with every detail you named. The only difference is it was built in 2002 in Hunterdon County. They bought it new around $550K or so. 1.3 acre lots, taxes are now around $16K.
Our cable has been out for an hour. I don’t want to miss the screeching acceptance speech!
LOL. CNN(Clinton News Network) web site lead headline:
Trump walks back email hack comments, but damage lingers
Whew! Cable is back. I don’t mind listening on the radio, but I need to see her face when she speaks. I’m guessing she’ll be a little gassy, but has taken the proper precautions.
Jesus Christ! While the cable was out I put the TV on channel 2, which is PBS up here. OMG, how freaking in the tank is every MSM outlet? I couldn’t change the channel quick enough. I don’t understand why anyone would watch either convention on channel except CSPAN.
How much burlap shall we see tonight?
Go CardStunt!!!
turn on your cell phone flashlights!
Please weclome katy Perry!
Webb Hubbell must be so proud.
Jesus Christ! She’s going to add on to the Billary lover story?
I think Bill has a mini-teleprompter Hand on face. Look down. Look distant and nostalgic
The truth is that hired political consultants told Hillary she had to drop the Rodham name and have a kid or they wouldn’t be a marketable couple. Bill found out she was pregnant on the news (or in the newspaper, I forget). And Hillary was pissed, pissed, pissed off every day she was pregnant because she wanted none of it, but was paying the price for success.
The sociopath doesn’t fall far from the tree.
Didn’t Ivanka just say, here’s my Dad? I don’t remember a feature film.
If her diet was calculated correctly, she might have dropped the first turd in her Depends, but it shouldn’t affect her speech.
“I think what is most important is for people to understand that the common image of the student loan problem really misses the point. People have an image of a recent bachelor’s degree recipient who went to college for four years and is now 22-23 years old and is working at Starbucks. Those people are very rare.
People who earn bachelor’s degrees, by and large, do fine.
The problem is that we have a lot of people actually borrowing small amounts of money, going to college, not completing [a degree] or completing credentials that don’t have labor market value. They tend to be older. They tend to come from disadvantaged, middle-income families and they’re struggling. [But] not because they owe a lot of money.”
http://www.npr.org/sections/ed/2016/07/28/487032643/is-the-student-loan-crisis-fact-or-fiction?
76. Jon Voigt narrated Trumps bio movie….
I’ve lost count how many times a politician or tv shill has (rightfully) called out Trump for saying he’ll torture terrorist suspects and kill their families WHILE NOT also mentioning that current presidents and former presidents and secretaries have ACTUALLY done so. It is sickening.
30 year, I think the upside in MO is limited for a multitude of reasons(new construction, inventory, town perception, etc.). People looking to spend more than 500k will start to look elsewhere so prices are really range bound.
Nah, climate change isn’t real. Human actions have nothing to do with it….sure.
“At least 23 people died in West Virginia flooding last month. At its peak on June 23, more than 8 inches to 10 inches fell within half a day—a once-every-1,000 years rain storm. Storms in May and early June dropped five times as much rain as normal near Houston, seriously challenging the definition of normal. More than a dozen people died. It was the city’s fifth major flood in just over a year. (Rainfall is trending higher nationally, though paving over much of Texas probably doesn’t help.)
The most dramatic recent image came from Bruce Haffner, a Phoenix TV helicopter pilot, who snapped what looks very much like a 20-megaton hydrogen bomb exploding. This is informally known as a “rain bomb”: “
82- http://www.bloomberg.com/news/articles/2016-07-29/forget-tornadoes-rain-bombs-are-coming-for-your-town
78 I will the many young people I know with BA s and their parents that they are doing fine it’s just a mirage. The 50k to 150k in loans these kids and or their parents have is a mirage.
Jim Hoft
@gatewaypundit
Simply the Worst=> Obama is FIRST PRESIDENT EVER to Not See Single Year of 3% GDP Growth https://shar.es/1ZvVpd via @gatewaypundit
Fake Unity at the DNC
https://twitter.com/RealVinnieJames/status/758811159638056960
84. maybe less high end Europeen sedans and more state universities.
80. Trump tortures Milanea’s naughty spot. Daily.
I guess the new line that Hillary/NPR/WaPo will be promoting is that everything is dandy.
Why shouldn’t it be? We are fine. The economy is in good shape, jobs are fine, stock market is good, and housing is finally on the right track. Beauty is in the eye of the beholder. If you want to think the sky is falling, so be it. I’m doing very well in this economy and really don’t have much to complain about. My wife and I have been getting raises that are 3 to 4 times inflation rate every year. I refuse to think and focus on the doom and gloom certain groups obsess with. It’s always “the sky is falling” with these type.
nwnj3 says:
July 29, 2016 at 10:01 am
I guess the new line that Hillary/NPR/WaPo will be promoting is that everything is dandy.
47 – “…released into the wild….” No worries – a kid either gets diff eq’s or shepf doesn’t. You can’t fake math.
“she”
Trump has some massive Facebook traffic, he needs perhaps 65 million votes to win this election.
Stats
3,985,359 People Talking About This
10,014,966 Total Page Likes
up 3.6%from last week
345,497 New Page Likes
Hillary’s Facebook traffic, half as many likes.
3,574,104 People Talking About This
5,102,106 Total Page Likes
11.3% from last week
517,074 New Page Likes
[91] OoS – I thought I was done with diffy q until I transferred schools. I then found out I had to take partial diffy q’s to complete my major, which I did. I don’t remember using differential equations. I really wonder if kids have to take 5 semesters of calc anymore.
47 – “…released into the wild….” No worries – a kid either gets diff eq’s or shepf doesn’t. You can’t fake math.
I meant, “I don’t remember using differential equations since then”.
Who is Wall St’s candidate? I gather Wall St doesn’t want to Trump to get rid of carried interest so they can pay their fair share?
“Hedge-Fund Money: $48.5 Million for Hillary Clinton, $19,000 for Donald Trump
Political donations from people at hedge funds have vaulted this election, and far more has gone to the Democratic nominee than to the Republican.”
http://www.wsj.com/articles/hedge-fund-money-48-5-million-for-hillary-clinton-19-000-for-donald-trump-1469784601
Do the polls that come out after the convention count the “voter fraud bounce” that will happen in November?
Jeb Bush. Most of his $200 million spent came from hedge funds and the like.
Who is Wall St’s candidate? I gather Wall St doesn’t want to Trump to get rid of carried interest so they can pay their fair share?
The illegal votes are probably far outweighed by the legal voters that won’t ever tell a pollster that they are voting for Trump.
Do the polls that come out after the convention count the “voter fraud bounce” that will happen in November?
This is going to be an epic battle. Money, media, power, and politics on one side of the Octagon versus the power of one person, one vote on the other side.
Media bias….drunk off their ass
https://twitter.com/gatewaypundit/status/759057967094243328
Why has Trump never been looked upon favorably by other billionaires? The 1% all have no respect for him, now why? I don’t think they are backing Clinton based on what she could do for them, I think they back her because they have no respect for Trump or how he makes his money. He is the only billionaire I know that lies about his money and acts like he as more than he really does. All the others try to hide their money and not let the public know how much they have. Something not right with him that his fellow billionaires have no respect for him and don’t even consider him a billionaire.
103- Wealthy want stability in society. Trump represents the complete opposite of stability. He divides the country, setting up risk for who knows what type of scenario with riling up different groups. He’s playing with fire pitting one group of citizens against the other. It never ever ends well under these divisive types of leaderships.
Real leader unites the population, brings the entire population to work together towards a common goal. Leaders that divide and blame are losers and never achieve results under this type of strategy.
Put it this way. Would you want a captain on a soccer field that unites the players or one that divides and plays the blame game. Which captain will be more successful? That’s why you can’t vote for trump. You are playing with fire people!
The person I want to send to Washington DC is the person who makes everyone who lives there miserable.
I can support that
Send Plumpy.
I had to check the speech to see if she actually said it. She did
Hillary Clinton on why she is going to tax the 1% more: “that’s where the money is”
Willie Sutton on why he robbed banks: “that’s where the money is.”
A campaign promise is not even worth discussing.
define miserable
Even if that ends up making your own life miserable?
Is your life really that bad right now? Do you really think America is that messed up? I think too many people focus on negativity as opposed to positivity. Why does the news focus on negative stories as opposed to positive stories? Negative news sells, positive news doesn’t. So now why do you think politicians focus on the negative stories as opposed to positive stories? Negative sells, therefore you get the votes. I applaud Obama and other politicians trying to focus on the positives. We need more of that. Confidence breeds success, non-confidence breeds failure. It’s really as simple as that.
D-FENS says:
July 29, 2016 at 1:08 pm
The person I want to send to Washington DC is the person who makes everyone who lives there miserable.
Tony Robbins for president, the country just needs more pep talk.
Negative sells, therefore you get the votes. I applaud Obama and other politicians trying to focus on the positives. We need more of that. Confidence breeds success, non-confidence breeds failure. It’s really as simple as that.
Not true. Several of my highest achieving students were the ones who were never satisfied with how much they accomplished. Is it healthy? Probably not. But that permanent internal disappointment is the probably the biggest driver of success that I’ve ever encountered.
Are politicians master manipulators, or are Bumpkin and anon complete imbeciles?
Answer is both obvious but it wasn’t that long ago they were both railing about billionaires(remember “no billionaire left behind”?) and now they are cheerleading them because Hillary has them on her platform.
97-
“Hillary will fight for the downtrodden…oh, and hedge funds”
[114] nwnj3: The statements are not mutually exclusive. Bumpkin and anon are complete imbeciles even if no one interacts with them.
Are politicians master manipulators, or are Bumpkin and anon complete imbeciles?
nwnj3 [114];
Are politicians master manipulators,
or are,/strike> AND Bumpkin and anon are complete imbeciles?“And”. Embrace the power of “and”.
nwnj3 [114];
Are politicians master manipulators,
or areAND Bumpkin and anon are complete imbeciles?“And”. Embrace the power of “and”.
Enough said
http://blog.tlawllc.com/firearms/urgent-firearms-law-for-reenactors-no-pistols-at-nj-reenactments/
113. honest reflection is one thing, perspective is another, hard to argue with either as a means of understanding….
Last paragraph has an interestesting perspective on why Wall St won’t pony up for Trump.
https://www.yahoo.com/finance/news/trump-seems-especially-mad-mike-205347188.html
ohn Podhoretz, former Ronald Reagan speech writer and Commentary editor:
Take about five paragraphs out of that Obama speech and it could have been a Reagan speech. Trust me. I know.
— John Podhoretz (@jpodhoretz) July 28, 2016
Conservative Iowa radio host Steve Deace:
So most of conservative media and the GOP spent the week rooting for Russia, and now the Democrats get to rally around the flag.
Dreadful.
— Steve Deace (@SteveDeaceShow) July 29, 2016
Conservative Wisconsin radio host Charlie Sykes:
Snark aside: GOP needs to understand what is happening to them tonight…
— Charlie Sykes (@SykesCharlie) July 29, 2016
Do you know how old I am? Old enough to remember when speeches like this would’ve been given at GOP convention… Not Dem one. Brutal.
— Charlie Sykes (@SykesCharlie) July 29, 2016
Rich Galen, press secretary for Dick Cheney:
How can it be that I am standing at my kitchen counter sobbing because of the messages being driven at the DNC? Where has the GOP gone?
— Rich Galen (@richgalen) July 29, 2016
Any questions?
Fabius Maximus says:
July 29, 2016 at 11:10 pm
Last paragraph has an interestesting perspective on why Wall St won’t pony up for Trump.
https://www.yahoo.com/finance/news/trump-seems-especially-mad-mike-205347188.html
The Great Pumpkin says:
July 29, 2016 at 12:32 pm
Why has Trump never been looked upon favorably by other billionaires? The 1% all have no respect for him, now why? I don’t think they are backing Clinton based on what she could do for them, I think they back her because they have no respect for Trump or how he makes his money. He is the only billionaire I know that lies about his money and acts like he as more than he really does. All the others try to hide their money and not let the public know how much they have. Something not right with him that his fellow billionaires have no respect for him and don’t even consider him a billionaire.
THIRD DISTRICT COINCIDENT INDEXES: JUNE 2016
Pennsylvania
In June, the coincident index for Pennsylvania rose 0.2 percent. Payroll employment rose significantly from the previous month,
after declining over the prior two months. However, the unemployment rate rose for the fourth consecutive month, and average
hours worked in manufacturing fell slightly. Pennsylvania’s economic activity as measured by the coincident index has risen 2.1
percent over the past 12 months.
New Jersey
In June, the coincident index for New Jersey remained stable. Payroll employment rose significantly from the previous month,
following two months of little change. However, the unemployment rate rose for the fourth consecutive month, and average hours
worked in manufacturing edged down. Overall, New Jersey’s economic activity as measured by the coincident index has
increased 3.6 percent over the past 12 months.
Delaware
In June, the coincident index for Delaware remained stable. Payroll employment rose significantly from the previous month, after
falling somewhat over the prior month. Additionally, average hours worked in manufacturing increased. However, the
unemployment rate edged up, after falling for five consecutive months. Overall, Delaware’s economic activity as measured by the
coincident index has increased 5.0 percent over the past 12 months.
https://www.philadelphiafed.org/research-and-data/regional-economy/indexes/coincident/
The Democrats of today are the reagen republicans of the 80’s. Way too many similarities. It’s crazy how political parties change over time. Hell, at one point democrats were the party of slavery and the south, while the republicans were the party against slavery and the north.
I meant to say the “democrats in charge” of their party are the Reagen republicans of the 80’s.
The Pumpkins of today are the retards of the day before yesterday.
Amanda Carpenter, former spokeswoman for Sen. Ted Cruz:
I am sure hearing a lot more about God and faith at the DNC than the RNC.
— Amanda Carpenter (@amandacarpenter) July 28, 2016
Conservative blogger AGConservative:
Still stunned. Feel like I’m in the twilight zone. Obama just defended America & conservative values from attacks by the Republican nominee.
— (((AG))) (@AG_Conservative) July 28, 2016
128- America has become more conservative in both parties over the last 10 years. The tea baggers hijacked the Republican Party and pushed the party to the extreme right. The dems then moved slightly to the right of center. Don’t sit here and tell me Hillary and her vp pick are lefties. They are not. He’s a religious conservative and the clinton’s have produced policies that are in no way lefty policies. If you label them lefties, you have no idea what it means. Hillary is considered a “war hawk” by repubs, since when is a lefty a war hawk? Rest my case.
All I said was you are a retard.
Apparently, Trump will hold his tongue no longer. No more Mr. Nice Guy.
http://nypost.com/2016/07/30/trump-to-clinton-no-more-mr-nice-guy/
“Israel now gets 55 percent of its domestic water from desalination, and that has helped to turn one of the world’s driest countries into the unlikeliest of water giants.”
http://www.scientificamerican.com/article/israel-proves-the-desalination-era-is-here/
I’m glad I didn’t take the bait to go to this crapfest in a few weeks:
https://www.investoolsconferences.com/2016/speakers/
Heh-heh. Romney thinks Trump could win:
https://www.buzzfeed.com/andrewkaczynski/mitt-romney-thinks-donald-trump-could-win-the-election?utm_term=.bgmbOQvzr#.huBgWOzGL
Grim called a top 10 years ago, I think. I’m calling a second top marked by 2.75% 15 year mortgage rates.
Make that almost 11 years ago:
Northern NJ Hits Top
Posted on September 21, 2005 by grim
TOP!
I’m calling “top” of the market for Northern NJ, from here on out I think we’re going to start to see an even greater increase in inventory and the beginnings of a significant drop in prices. If you haven’t sold yet, there isn’t a better time to lock in the gains, if you are thinking about buying, my suggestion is to hold off, you’ve got nothing to gain and everything to lose.
Gourd-o [122];
That’s because Reagan meant what he said — Obama lies through his teeth because some of his sycophants want it, and the rest are stupid enough to believe it.
And I’d like to see exactly which five paragraphs.
128/ 131 ExPat
Please don’t use that word. There’s a whole lexicon of insults you can use if you must.
#132 ExPat
Is he firing up his Twitter feed. Very Sad!
http://www.collegehumor.com/video/7038986/behind-the-scenes-of-donald-trumps-twitter
So Trump is now saying he will not release his returns as he thinks it harmed Romney. What a BS artist.
http://www.politico.com/story/2016/07/donald-trump-tax-returns-mitt-romney-226391
Speculation on the real reason?
https://mediamatters.org/research/2016/07/28/here-are-all-reasons-media-think-trump-not-releasing-his-tax-returns/211991
Fab – how about commenting on who is financing Hillary’s run? Hardly anyone is writing Trump a check. Ya think he wants to make those down in the beltway change their ways? Pay to play etc? Or do you not care?
#142 Juice
I think its more a case that the big donors won’t touch him. He’s not spending as he has nothing in the tank and only small donations coming in.
http://www.politico.com/story/2016/07/kochs-donald-trump-226451
Can’t spend what you don’t have.
re # 143- How about answering the question? Who is financing Hillary? Trump has said from day one he will take no money from the special interests. He is against the tax loopholes like carried interest, and then the anti-immigration stance against importing cheap labor. What is not to like if you aren’t the 1%?
Oh by the way Fab, regarding the Trump and Bloomberg spat. Bloomberg’s company has filed 1243 labor condition applications for H1B visa and 440 labor certifications for green cards from fiscal year 2013 to 2015. I know for sure 90% of them work in technology, I have friends working at Bloomberg, they ain’t happy about importing labor. Pick any billionare and I will show you how they take advantage of imported labor. That would be against you and me…..just go and try and work in Hyderabad, over my entire working life I have only know one US born person to successful get a job there. That job did not last long with the death threats and all. A current coworker who has been here for 14 years is going back to Hyderabad, got a sweet job offer from BAC to run things. That job offer wasn’t advertised to the locals here in the USA.
Just another FYI Bloomberg in the last two years probably spent north of 20 million in fees and lawyers to import cheaper labor, aka indentured servant “guest works” all tax free.
#144 Juice
I don’t really care.
If you are that interested:
http://www.fec.gov/finance/disclosure/candcmte_info.shtml
Trump Victory shows how little is coming in from the PAC donors.
I quoted FEC recently before you on this blog silly. Hillary is spending nearly 20 million a month right now in swing states for TV advertising and Trump is spending exactly ZERO on TV advertising. Yet they are neck and neck in the POLLS?
Houston we have a problem?
re # 147 – I don’t really care.
If you did not care you would stay home. Are you saying you won’t vote?
#145 Juice
Link, all I can find is Trump applications for one of his resorts.
Sorry where the 20 million is tax free. I don’t have a problem with Hyderabad. I know a lot of people who came here on a H1B and all paid taxes. Not a lot of them return home. A lot do go for Green cards and its nice to see Mikey sponsoring so many.
Is that how GOP immigration policy is supposed to work. Come here legally and pay taxes.
#148 Juice
I would say that if doesn’t start spending he will be drowned out in the noise. Thats a lot of TV ads during Jeopardy and Matlock going unanswered.
Bigger issue will be the ground game and getting people to the polls.
#149 Juice
I didn’t get a say in Citizens United and now its the law, either side can raise where they want.
For me I will pull the lever for Hillary in a heartbeat. Kasich was the only one that would have given me pause.
Yet another lie by Trump.
http://www.politico.com/story/2016/07/donald-trump-hillary-clinton-debate-schedule-226464
Donald Trump says he wants three presidential debates. But he stands by his complaint that their scheduling is rigged to favor Hillary Clinton.
In an interview to be aired Sunday on ABC News’ “This Week,” Trump said: “Well, I’ll tell you what I don’t like. It’s against two NFL games. I got a letter from the NFL saying, “This is ridiculous.
[…]
Buzzfeed confirmed Saturday with the NFL that the league had not sent a letter to Trump about the dates.
Maybe the letter came by Twitter!
re @ 150 – link your google foo is weak.
http://www.myvisajobs.com/Visa-Sponsor/Bloomberg/73638.htm
re #151 – I know you do understand a balance sheet. There is no tax paid on the savings for the for lower labor costs, the lawyers are also a simply an expense. I have filed plenty of LCAs with lawyers I am guilty too but thousands of jobs? I don’t hold a candle to Bloomberg.
Make no mistake Fab, it’s all fun and games until your job is on the line. Hillary’s donors want the H-1B cap raised, it is currently 65,000 visas for the general category and 20,000 for the advanced degree exemption. Bernie was against raising the cap. Hillary and the US Congress via the republicans are FOR raising the cap to at least 200,000 a year. Trump is against raising the CAP. I hope you will enjoy training your replacement after you pull that voting lever, if it wasn’t for the recession which gave political power to not raising the CAP you would be serving coffee or driving an uber by now.
And for the record I would have voted for Bernie, and I donated just as I did to Obama. However I am a selfish prick, I want to be able to take care of my middle class kids.
You didn’t get a say in Heller either; so NJ should reform then right? Retard
Fabius Maximus says:
July 30, 2016 at 7:44 pm
#149 Juice
I didn’t get a say in Citizens United and now its the law, either side can raise where they want.
#JuiceBox
Hyderabad and death threats? Without some context, it is all BS. You cannot simply smear a large city so easily (especially when the smear is aligned with your opposition to immigration and insecurity about your children’s jobs).
If we are playing the game of random smears, I can pull one out of my ass too: there are occasional news items about middle aged westerners going to poorer neighborhoods in countries with lax rules and corruption, and try to lure children… Sometimes the local populace does get upset and the predators do end up getting death threats.
About jobs in Hyd… Salaries and life style in US are way better than in Hyd (or other places in India, or Phillipines, or China), so you do not see many US people going there. Your lament about not finding a job in a place like Hyd is very much misplaced (you can take a demotion in job in US and still have a much better life style than what you’d have even with a higher grade position in Hyd — exceptions are very very rare).
65k/year visas are a drop in the bucket, and some times people get the visas and then for some reason move on to dependent visas (so the visa is not even used). Increasing it a proposed 200k/year may seem a lot, but it was 195k/yr from 2001 through 2003 (and then reverted back). While this scare of “millions will lose jobs if we let another 100k visas through” may appeal to some, it doesn’t compute — and in fact, some of those H1Bs may be for people that go on to create new companies and tonnes of jobs.
I think the right way out for all of us (both in the US, and may be even in the world) is to just simply innovate our butts off — better energy storage, cheaper water purification, electric/autonomous vehicles, carbon sequestration, etc., can really lift everyone up). We can stop worrying about hanging on to jobs that we think will be lost to some fresh immigrant with minimal training. I have friends that work at companies (I can share the companies at a GTG) where dinosaurs with 30+ years experience still influence technical direction even though they have zero understanding of technology or business, and almost no work other than keeping chairs warm at meetings (high-paid welfare queens that complain about poor people on welfare). If such jobs are preserved for eternity, it will be bad for those companies and for the US.