From Forbes:
2018’s Housing Market Looks Good Unless You’re A First-Time Millennial Buyer
The nation’s housing market for 2018 continues to look good, according to two recently released reports. But first-time millennial buyers will continue to struggle with affordability, especially in high-priced areas like Los Angeles, San Francisco, Boston, New York and Washington DC.
Listen to Ralph G. DeFranco, Ph.D, global chief economist, Mortgage Services, Arch Capital Services Inc.: “With interest rates and home prices both on the rise, first-time homebuyers – largely millennials – may want to consider making the jump from renting to owning sooner rather than late.”
DeFranco further said: “Our research shows few signs of a housing bubble because the typical warning signs aren’t present. Overall, the shortage of housing paired with a robust job market should keep the housing market strong and growing, short of an unexpected event and despite the contrary pressures that may be created by the tax bill.”
…
The HaMMRSM also makes market predictions to 2020. Among them: Home prices will continue to increase around the country in most markets. Look to annual increases of 2-6%, with most housing markets currently at low risk for a downturn.Mortgage rates will rise, causing people to move less often. According to the report, “rising rates give existing borrowers with fixed-rate mortgages a financial incentive to stay put.” In addition, “homeowners will have more incentive to seek second liens or home improvement loans rather than move to a new home or refinance.” Makes sense since a new mortgage would likely be a higher rate cutting into the key affordability factor.
Good Morning New Jersey
First
From CNBC:
Mortgage rates jump to highest in 4 years, an ominous sign for spring housing
Mortgage rates jump to the highest point in 4 years, an ominous sign for spring housing Mortgage rates jump to the highest point in 4 years, an ominous sign for spring housing
A huge sell-off in the bond market is about to make buying a home more expensive. Mortgage rates, which loosely follow the yield on the 10-year Treasury, have been rising for the past few weeks, but are seeing their biggest move higher Monday.
“Bottom line, rate sheets are going to be ugly this morning,” wrote Matthew Graham, chief operating officer of Mortgage News Daily. “Some lenders will be at 4.5 percent on their best-case-scenario 30-year fixed quotes.”
That is the highest rate since 2014.
The average rate on the popular 30-year fixed started the year right around 4 percent but then began to climb on positive news in the U.S. economy, solid company earnings reports and a shift in foreign central bank policies which appear to now be following the Federal Reserve’s tightening of monetary policy. The rate was at 4.28 percent by the end of last week.
“Apart from central banks, there’s a ton of bond market supply coming down the pike due to infrastructure and tax bill spending,” Graham said. That new supply will send yields and, consequently, mortgage rates higher.
Fake news
Christie is now a contributor for ABC.
Anyone else find it funny that one side of the political spectrum is all for Elon Musk’s flamethrower?
Is that the side that’s all in for Russia?
Blue Ribbon Teacher says:
January 30, 2018 at 7:52 am
Anyone else find it funny that one side of the political spectrum is all for Elon Musk’s flamethrower?
Otto, the Russia farce is over pal. You’re holding the bag once again. The fake news that you follow just hasn’t told you yet. I suppose they fear the backlash they’ll receive for lying to you for years upon year.
Could you see to it that Mueller’s notified that his services are no longer needed? Him and his group of Clinton hacks can get on with their life work and try to salvage any remnant of respectability they can find. Comey on the other hand, there are a few investigators who would like to talk to you.
@BeschlossDC
Nixon on Watergate in State of the Union, 44 years ago tomorrow night:
“I believe the time has come to bring that investigation and the other investigations of this matter to an end.
One year of Watergate is enough!”
Amazon, Berkshire Hathaway, and JP Morgan Chase joining forces to launch healthcare company to combat cost of healthcare in the US.
The problem with healthcare is that there are too many expensive companies focused on combating the cost of healthcare.
there’s no inventory. well priced in the right town will sell quickly
“Bottom line, rate sheets are going to be ugly this morning,” wrote Matthew Graham, chief operating officer of Mortgage News Daily. “Some lenders will be at 4.5 percent on their best-case-scenario 30-year fixed quotes.”
I remember being on-site with one of these companies, they had us in for a bid. Nobody had any idea what the company did. And I’m not talking about us, I’m talking about executives of the company.
They just kept babbling gibberish about improving the health and lives of employees and their families. Every time you tried to ask them to dive into exactly how that was accomplished, you were provided some kind of convoluted/circular logic that ultimately ended with, ‘and we improve the health and lives of employees and their families’. Every time you pushed for how, the explanations got longer, bigger words, more cryptic.
Pretty sure nobody in the room had any idea what the company actually did. The sorry part was, I don’t think they actually did anything. As far as I can tell, they raised a boatload of money, and tried to build a company around a premise, except it was clear nobody had any idea how to achieve it, so instead they invested all the money into sales and marketing. Lots of incredible looking posters intended for HR to hang around the office, showing all the employees how focused the company was on “improving the health and lives of employees and their families”.
They seemed to have no problem selling into a good number of large organizations, probably for big dollars.
either Medicare for all or for none.
old farts, your pick
grim says:
January 30, 2018 at 8:17 am
The problem with healthcare is that there are too many expensive companies focused on combating the cost of healthcare.
“The government better keep their hands off my Medicare!”
They just kept babbling gibberish about improving the health and lives of employees and their families. Every time you tried to ask them to dive into exactly how that was accomplished, you were provided some kind of convoluted/circular logic that ultimately ended with, ‘and we improve the health and lives of employees and their families’.
This happens in education constantly as well. There’s an entire industry of people who come up with “teaching strategies” that have no clear definition. I’ve had to sit through presentations laden with buzzwords and you never know what the heck they are talking about. They go around peddling it and local BOEs pay them 4 figures for their time. The real trainwreck is when one of the teachers tries to take whatever they said and implement it. It leads to a trainwreck of a lesson and the kids hate the teacher for it. Meanwhile, they get a shining star from their boss because they tried out the new strategy. Rinse and repeat.
8:48 People know that. Most are aware enough of the shortcomings of the Academic set that they are 1. avoiding the industry completely 2. trying to get their kids out of the morass of the public schools and into a better place ($$$$) 3. or figure f it, Jr can be a welder.
Every tech buzzword was hit in that meeting, AI, machine learning, big data, gamification, bots, mobile, apps. All that, and it was just the first sentence of the first person that spoke. Hadoop, cloud, data scientists creating outcomes based processes from unstructured data,to most importantly … yeah that.
I remember interviewing at ‘Intel’ once as they were launching their own hosting service to compete directly with their customers……yeah that worked.
@ianbremmer
The State of the Union is Strong
ly Divided.
old dog can’t learn new tricks
Blue Ribbon Teacher says:
January 30, 2018 at 8:48 am
They just kept babbling gibberish about improving the health and lives of employees and their families. Every time you tried to ask them to dive into exactly how that was accomplished, you were provided some kind of convoluted/circular logic that ultimately ended with, ‘and we improve the health and lives of employees and their families’.
This happens in education constantly as well. There’s an entire industry of people who come up with “teaching strategies” that have no clear definition. I’ve had to sit through presentations laden with buzzwords and you never know what the heck they are talking about. They go around peddling it and local BOEs pay them 4 figures for their time. The real trainwreck is when one of the teachers tries to take whatever they said and implement it. It leads to a trainwreck of a lesson and the kids hate the teacher for it. Meanwhile, they get a shining star from their boss because they tried out the new strategy. Rinse and repeat.
TDS sufferers off the wall today.
old dog can’t learn new tricks
So eliminate tenure…
9:16 tenure is effectively eliminated. New eval. For teachers make the process easier to remove someone.
Meanwhile the very special Princeton Day School has invited Princeton Professor Cornell West to kick off Black History Month with a lecture.
So that the progressive white parents can congratulate themselves for clapping for someone demanding their overthrow. Honorary Chairman of Democratic S0c1al1sts of America.
“The State of the Union is Strong
ly Divided.”
’bout time. Guess it took literally ripping the big microphone out of the hand of the Dem-MSM complex to get to some semblance of a voice in the sea of their group think.
Grim,
If amazon and Berkshire can figure out a way to stop
ENTs from charging $350 for a 10 minute exam, or a pharmaceutical company buying the rights to an ointment that sells for $200 and raising the price to $8,500, or a hospital to stop charging $500 for a chest X-ray I am all for it.
Don’t you think it’s more likely that they just want a piece of the action?
Hold my beer says:
January 30, 2018 at 9:48 am
Grim,
If amazon and Berkshire can figure out a way to stop
ENTs from charging $350 for a 10 minute exam, or a pharmaceutical company buying the rights to an ointment that sells for $200 and raising the price to $8,500, or a hospital to stop charging $500 for a chest X-ray I am all for it.
Bezos and Buffett are both horrified by how expensive healthcare is in the us and how it continues to increase at a rate much faster than inflation.
Amazon getting into the Rx business. They are even going to have their own PBM (run it off existing platform). Headcount in this new business unit continues to grow. Talk about the potential to disrupt. AWS can help as healthcare evolves from fee for service to fee for outcome. This could be the most disruptive online initiative to date. Rx & PBMs have made a fortune.
Re: consultants – have asked many 25-30 yo what they do as consultants with the big firms. Have never gotten a concise answer. I suspect many do overpriced grunt work as their employer needs warm bodies with sheepskins to justify cost. AI should crush these jobs in a few years leaving many of these kids who have warped views on what they are worth with an ugly dose of reality.
You think? Lawyers, please chime in.
It’s not that difficult people. The mess now is the result of removal of safety mechanisms put in place into the marketplace, in many cases going back to FDR.
Just fix one of the following and it starts to reset.
+Pre-1984. Health Insurance entities had to be non-profits or mutually owned. (Removed by Reagan) (Remember when Prudential was Prudential Mutual)
+Insurance companies have anti-trust exemptions.
Without fixing one of the above, you get United Healthcare with its resulting multiple class action lawsuits, that looked as a pattern, seems to resemble the strategy and new business ideas department of the Gambino Crime Family. I don’t want to insult the Cosa Nostra, at least they have a sort of moral code, unlike the for profit insurance systems.
Bezos and Buffett are both horrified by how expensive healthcare is in the us and how it continues to increase at a rate much faster than inflation.
Bezos and Buffet aren’t progressives, they are crony capitalists, there is no concern with actually improving things(Bezos was the guy who built an empire on dodging sales tax and Buffet profits off insider trading sanctioned by the government). I’m with joyce those two coupled with the crooks at JPM are getting in on the action there is plenty of fat for them to make a profit.
Healthcare newco to be not for profit
We need to have Trenton pass a law and form a committee to study this issue of healthcare costs for the next 4 years. Get Murphy a report!
Speaking of Healthcare and Murphy…
http://www.nj.com/politics/index.ssf/2018/01/advisers_urge_murphy_end_surprise_medical_bills_cr.html
We’ll see if this goes anywhere. My bet is the lobbyists kill it.
Why not remove state borders and allow insurance providers to compete? Why do I not see this in discussion?
Check with Sean Hannity
Set your DVRs:
The special will feature Congresswoman Maxine Waters (D-CA, 43rd District) delivering an exclusive rebuttal to the president’s state of the union address.
https://www.bet.com/shows/angela-rye-sotu/content/photos/bet-news-presents-angela-ryes-sotu.html
leftwing not for profit only describes the entity not how Berkshire, JPM, and Amazon will benefit from their relationships with the entity. The players involved run good businesses but they do not pass the smell test in my eyes.
BET should realize how negatively Maxine Waters reflects on the African American community. If I were black I’d want to distance myself from that lady anyway I could. She’s possibly the most inarticulate clowngress critter, they should trot out Booker although in trying to angle for the next pres nomination the guy is making a fool of himself. He is still a much more respectable figure than Maxine.
Because… https://www.opensecrets.org/lobby/indusclient.php?id=F09
Why not remove state borders and allow insurance providers to compete? Why do I not see this in discussion?
Fast Eddie,
Answer to your question is Anthem http://www.healthcarefinancenews.com/news/anthem-stops-covering-non-emergency-medical-conditions-treated-er-three-states
In weakly regulated states post Obamacare take down, they have started issuing policies where they will no cover “non-emergencies” in ER. The thing is you don’t know what “non-emergency” you have until you go to the ER and a highly trained person knowns as a physician tells you your chest pain is not heart dying but muscle issue. So what comes first – the chicken or egg?
NJ Health Dept would be all over this in a NYC minute. But in Georgia, Indiana and others – screw them.
That is why you can’t remove the regulatory border. We end up with the lowest common most predatory insurance that lobbyist can buy up. Might as well not have any insurance. Which was one of the issues in pre-ObamaCare lightly regulated States. The policies offered were so expensive and cover cr8p that it was not worth having it. You see this with all the lawsuit with temporary (no more than 6 month) insurances offered in many states, thank god, not in NJ.
Q – Why not remove state borders and allow insurance providers to compete? Why do I not see this in discussion?
Also… https://www.opensecrets.org/lobby/indus.php?id=H&year=2017
Yep. NYC, DC, CA on one side, regular people on the other side.
@ianbremmer
The State of the Union is Strong
ly Divided.
“leftwing not for profit only describes the entity not how Berkshire, JPM, and Amazon will benefit from their relationships with the entity. The players involved run good businesses but they do not pass the smell test in my eyes.”
Bizarre view. Why would any entity deal with another if they did not derive a benefit from that relationship?
@ianbremmer
The State of the Union is Strong
ly Divided.
It’s just shear jealousy and resentment. I haven’t felt this good about my country since the Reagan administration. The emasculation and whimpering of the last administration was the last straw. We now know how weak Oblammy truly was compared to the stunning turn around.
market circuit breaker?
Not fast Eddie,
Our insurance policy now has a separate $1,000 deductible per person for er trips. It also applies to urgent care. That’s in addition to our normal deductible.
The reasoning was so many people were going to the er and urgent care for insignificant issues.
“Anyone else find it funny that one side of the political spectrum is all for Elon Musk’s flamethrower?”
It’s not a flamethrower. Its a really big torch. And compared to other commercial torches, not actually that big.
To wit, does the same thing as Musk’s, just not as portable
http://www.bestmaterials.com/detail.aspx?ID=18104&gclid=Cj0KCQiAzMDTBRDDARIsABX4AWzLJRR-0gvE0IzmOjhe1RUpsZrexgvk8WdD9igCpvyuGXOmXyx33MIaAndUEALw_wcB
“Very Stable Genius says:
January 30, 2018 at 9:04 am
@ianbremmer
The State of the Union is Strong
ly Divided.”
Once we thin the herd, perhaps not so much. The good thing about your side is that they tend to be concentrated. Should make things easier.
Nom,
Concentrated and weak. They like to play ring and run or ding dong ditch for you people who grew up outside of Hudson County.
“Don’t you think it’s more likely that they just want a piece of the action?”
Hell yeah.
The way I see it, the PBM is not the issue at all. It’s the insurance companies and the drug manufacturers.
For example.
I call the Grove Pharmacy to purchase my one prescription. I have an underactive thyroid (runs in the family). I am charged $5 a month (what my insurance company doesn’t pay the pharmacy to make sure I’m not abusing my need to regulate my thyroid) for a generic version of a drug that was developed in the 1950s. The brand name drug would cost me $20 a month or more. The brand name drug being the one which was developed in the 40s. My generic version required no development time. The patent for the original drug just wore off. Now keep in mind, Synthroid is the most prescribed medicine in the US with around 50 million users. Grove Pharmacy is making very little money off the sale of my prescription for my insurance company is only willing to pay so much for it. My insurance company makes a ton of money, since there’s really no competition so they can really charge whatever they want for coverage. The drug maker, they charge as much as they possibly can by claiming that advances in medicine can’t occur without constantly putting more drugs in their pipeline. The generic drugmaker claims they need to charge something so they can make the next generic. Where’s the PBM making money here?
Though, alternatively, when the D was really sick, we had to constantly tell the PBM to stop sending sh1t we didn’t need. They did it to bill the insurance company as much as possible. I could literally insulate my house in gauze if I wanted to. I have more syringes than the mission in San Francisco.
leftwing look at it through the lens of the crony capitalists involved in this venture, who have directly benefited over and over from a cozy relationship with the government. You are being dense, if you read between the lines I’m implying it is not dealing for mutual benefit with the parties who created it, that it was created principally for their benefit. I’m questioning the motive for creating the non-profit, will Amazon really have to compete with CVS or Boots or will it get the business as a result of being a founder of the entity?
Every person involved has come out a winner in one government action or another(Bank Bailouts, keystone pipeline blockade,bear stearns?), you see that these people aren’t truly capitalists and play the government for favor to enhance their businesses.
At 1%? Has the market become pussified too?
market circuit breaker?
JCer, again, I’m finding it hard to reply to your points since I don’t understand how they make sense.
Why would any entity (businesses, your kid’s school, any person, etc) deal with any other entity if it weren’t to their benefit?
“I’m questioning the motive for creating the non-profit, will Amazon really have to compete with CVS or Boots or will it get the business as a result of being a founder of the entity”
Who cares? I don’t even understand this point. Is Amazon the buyer or seller of HC services here? If seller, if they aren’t cheaper than CVS why would anyone use them? Ditto if buyer, if NFP newco isn’t cheapest why would Amazon use it?
I think the point of the NFP is to underscore taking costs out of the system. Without any need to maximize profitability it can offer similar services more cheaply than commercial companies.
In a normal free market relationship there is some perceived mutual benefit from conducting business.
When dealing with Buffet or Dimon they lobby the government and are involved in deals that are generally in their favor. Being a non-profit is irrelevant because of the involvement of large for profit corporations because this new entity isn’t independent, the for profit companies that created it wield a large influence on the operations(it just needs to appear kosher, there is room for abuse).
I’m questioning the altruistic motives of creating this non-profit in addition to being skeptical of how they could attempt to accomplish their stated goals. In essence we have an insurance man, a retailer looking to break into pharmaceuticals, and a banker all who have aspirations in healthcare from a business perspective forming a non-profit. There is a profit motive somewhere in here, that is all I am saying. The awe shucks I want to save the world nonsense is to help them get a foothold in a regulated industry, its a vehicle to get public and government support for their business efforts.
Anybody here old enough to remember in 1993 when Bill Clinton said that Hillary was going to fix Health Care?
https://en.wikipedia.org/wiki/Clinton_health_care_plan_of_1993
^^^ In reality it was just to keep her busy enough not to smell the Commander-in-chief’s trousers.
Basically if we want to look at it from the true perspective the press release should read JPM, Amazon, and Berkshire want a piece of the healthcare industry profits and are joining up to compete with United Healthcare.
There is nothing inherently wrong with it but it isn’t altruistic. The competition might create some downward pressure on pricing but the real goal is to make money for their respective companies.
I remember musing back then, “How does being the governor of Nowhere, USA qualify you to be president?” So, in hindsight, Bill started the glide path toward President Comacho and da House o’ Representin’.
What everyone is missing with this Chase/Amazon/Berkshire thing is actually something more depressing.
Is simply these big boys realize that the Health Insurance system racket is so rigged and rotten with predatory behaviour, and that the solution (Medicare for All) does not stand a chance in hell. So – the other way not to get mugged by the big for profit health industry oligopoly is to create your own Health Industry Large Operator.
This is no different than a few weeks ago, when several large health systems and the VA, agreed to create a non-profit pharmaceutical manufacturer to make a lot of needed drugs that are presently being made by predatory manufacturers ala Martin Shkreli.
I would dare say, that corporate america is going a devolution to a state more like the late 1800s or what you see in the third world. This integration and involvement of a non-relating business line, but required because service is needed and not available in a non-extortionate way in the marketplace, so you got to create your own. Is a very common reason why you have integrated conglomerates in the 3rd world. In short, you have your own concrete making company for your construction business, because is the only way you are not going to get ripped off in cost and quality.
You free marketers are getting a good look at the future. When government does not regulate, you don’t get free markets. You get predatory markets.
BTW, strap in for a big rally tomorrow afternoon. If you want to be cynical, here’s what you might read into today’s market action:
1. Shake out the weak hands.
2. Make Stephen Miller edit Trump’s SOTU speech regarding comments of “new stock market highs every day”.
3. Attribute tomorrow’s rally to 3 words that the Fed changed in their FOMC announcement…or the SOTU…or the memo…or anything else except letting institutions get into stocks that they failed to price properly because they didn’t think the Tax plan would pass.
It keeps getting better every day. Just so, so, so out of touch. I swear to God that these people stand on top of their Prius in Times Square, decide that they can’t see anyone of any importance that disagrees with their world view, and just assume they have the correct super-majority hive thought that everyone across the country shares. Except for a couple of bad white men. Really, really bad white men.
Liberals Brand NY Times a ‘White Supremacist Paper’ for Op-Ed Defending Stephen Miller
http://freebeacon.com/politics/liberals-brand-ny-times-white-supremacist-paper-op-ed-defending-stephen-miller/
No, they do not.
Group Life and Health Ins. Co. .v. Royal Drug, 440 US 205 – 1979
Not Hold my Beer says:
January 30, 2018 at 10:12 am
+Insurance companies have anti-trust exemptions.
This is my favorite, at the bottom of that article:
Gotta be the first white supremacist paper owned by Jews and run by a black man.
Not Lefty, the issue is the payer isn’t the crux of the problem. Single payer won’t fix it because the horse has already left the gate and healthcare already operates in a very specific way. Operationally healthcare is inefficient and there are huge amounts of fat at all levels. Once you factor in the bloated executive salaries of insurance cos, hospitals, drug makers, everyone is making excessive profits along the way which adds up to tremendous cost to the end user. Then look at the fact that your doctor needs an office staff to deal with billing insanity and the medical billing business is like negotiation in a North African country, first offer is I’ll sell you this trinket for a thousand dollars and after a lot of haggling final sale price is $10. But the waste and overhead of the people in the insurance company who review everything and the people who handle the billing for the doctors office, what percentage of the cost of the visit is going to that?
We need solutions to drive down actual costs but when the insurers know that you have to buy the insurance and the providers are making a buck today how do you force the change. Rather than fighting about whether a diagnostic or drug is warranted we need to drive down the costs so there isn’t enough profit to warrant falsely ordering procedures/tests/drugs. Pay needs to be regulated and based on actual cost how much time did a doctor spend and what’s his rate much like a lawyers bill(that’s when you know it’s bad…), I’m a top tier doctor who gets 1k per hour, a consult is .5hrs it’s straightforward and agreed upon before a visit and my insurer provides some kind of coverage. The government needs to get involved in the malpractice insurance industry like they are involved in crop insurance, that coupled with sensible Tort reform will reduce the costs for the providers.
1) WASHINGTON — President Trump signed an executive order Thursday that he says will lower health insurance premiums by allowing more consumers to buy health insurance through association health plans across state lines.
https://www.usatoday.com/story/news/politics/2017/10/12/trumps-health-insurance-order-pushes-association-plans-drive-down-costs-some/752816001/
2) That is only address the symptoms, at best, and not the problem.
Fast Eddie says:
January 30, 2018 at 11:05 am
Why not remove state borders and allow insurance providers to compete? Why do I not see this in discussion?
black list test: cunt
OK, that’s still good, I have to figure what else is wrong:
Someone is going to have to think up some new names and attribution as these (black listed names) are losing all meaning. I say we follow the UK lead and just start calling people we don’t like a cunt. Plus, it will be so much fun to see CNN eclipse their sh1th0le daily count with an even higher cunt count.
What you are missing is a lot.
Not Lefty/JCer says:
January 30, 2018 at 1:47 pm
What everyone is missing
You free marketers are getting a good look at the future. When government does not regulate, you don’t get free markets. You get predatory markets.
As an aside, another noise factor is that tomorrow is the last day of a calendar month. I think the vast majority of positioning is happening today. I would expect a quieter tomorrow ceteris parabus. But anything coming out of the SOTU or other exogenous factor would overwhelm the EOM noise effect.
The Original NJ ExPat says:
January 30, 2018 at 1:51 pm
BTW, strap in for a big rally tomorrow afternoon. If you want to be cynical, here’s what you might read into today’s market action:
1. Shake out the weak hands.
2. Make Stephen Miller edit Trump’s SOTU speech regarding comments of “new stock market highs every day”.
3. Attribute tomorrow’s rally to 3 words that the Fed changed in their FOMC announcement…or the SOTU…or the memo…or anything else except letting institutions get into stocks that they failed to price properly because they didn’t think the Tax plan would pass.
Also bear in mind the dramatic (historic?) move this month.
Unhinged?
The Democrats are planning six separate rebuttals to President Donald Trump’s first official State of the Union address
https://www.dailywire.com/news/26525/democrats-will-have-six-state-union-rebuttals-emily-zanotti#
I’ll take 12 months like this one.
Also bear in mind the dramatic (historic?) move this month.
Thanks Joyce. It seems like that executive order got zero play time or I totally missed it.
Expat,
Why? because it’s 1 (or 2) more than the republicans did in the last couple of years of Obama’s presidency?
Peter Grant: You’re the f.ucking controller of the date you silly cunt, aren’t ya!?
Name the movie. No googling. Hint: It’s a rockumentary.
I just gave it away.
Housing market redux?
https://wolfstreet.com/2018/01/30/us-cities-with-housing-bubbles/
One year treasury auction today, 1.83% high yield.
https://www.treasurydirect.gov/instit/annceresult/press/preanre/2018/R_20180130_2.pdf
Did 3b make it to the keys yet? Should warm up soon.
N.J. we are going in April and will do the drive. Everyone recommends it.
Expat the c word is an ugly,ugly word.
April is a nice time. water is warmer.
I notice the c word is used most often in New England. Must be a term of endearment
2:35
I keep telling my oldest son, who lives in Quincy, Mass, right outside Boston to sell sooner, than later. He is finishing his residency in June and must sell as he will start fellowship in D.C., in July.
He and his wife bought in summer of 2015. They should make out somewhat.
JCer, think I see the differences….Not going to re-cut and paste everything but….
AMZN, JPM, and BH can’t have a direct financial interest in the NFP. Against the rules. They won’t be getting any of the ‘profits’. There are none, and there are no ‘owners’. It’s a NFP.
I presume they formed it to try to fix their employee health care benefit mess. Reports say 1m related employees among all the companies.
Never, ever attributed any altruist behavior on their part. To the contrary I’ve been saying the opposite, why do it if they weren’t to benefit.
I suppose the NFP structure was to intentionally make it arms length from the three companies as well as take out ‘profit costs’, meaning that as a NFP they do not need to be sensitive to CF or profitability, they don’t need to manage to short term financial goals, and you remove any distorting profit motives from management as there are no options, stick units, etc.
You mentioned stated goals of the HC NFP. I haven’t seen any, and I’ve looked. I will be fairly disappointed if this turns out to be nothing more than a large GPO for their own employees. You three very good minds, deep pockets, cutting edge technology, and as you note connected people to make something exciting and new happen here. Hope they rise to the occasion.
If they wanted profit participation and market recognition they would have just formed a jv and their share prices may have actually risen nearly as much as UNH went down today…they didn’t.
I’m interested…can’t fcuk things up worse and god knows the system has been broken for at least half a century.
LW,
It’s real simple. The whole conversation started in response to this comment:
Hold my beer says:
January 30, 2018 at 8:12 am
Amazon, Berkshire Hathaway, and JP Morgan Chase joining forces to launch healthcare company to combat cost of healthcare in the US.
Baked (large, boneless) chicken breasts, tip I figured out accidentally for myself today:
Brine them (as little as 15 minutes works), season them, then bake them on convection @ 400 for 3o minutes, brushed and basted in butter, baste at the 20 minute mark.
You’ll notice that they hardly look like they are getting anywhere, because they are cooking through, not browning on the surface.
Then…switch over to regular bake at 450F for the last round of cooking. They’ll brown up, and so will the drippings. Unbelievable how cheap and tasty home cooked food can be.
A decent sized whole chicken is 6 bucks If you break down the whole bird yourself prior to cooking, you have a minimum of 3 meals for yourself.
The fix is in pot heads.
Map..
http://www.njleg.state.nj.us/districts/njmap210.html
“The bill’s limit of 80 retail dispensaries for New Jersey’s 9 million residents has been criticized by Staffa, who says number is far too low, noting Denver has roughly 800 retail dispensaries for a city of less than 700,000 residents.
Neal said they were aware of the criticism but didn’t plan on expanding the number based on what has happened in other states that offered more licenses.
“The unlimited proliferation of marijuana shops has been detrimental because it starts this race to the bottom,” Neal said. “You’re trying to produce cheaper products at a lower price point to compete with the influx of businesses.”
The 80 licenses would be distributed amongst the 40 legislative districts in New Jersey, allowing two licenses per district to distribute dispensaries proportional to population centers. Neal said the bill would set up a Division of Marijuana Enforcement which could potentially expand the number of licenses based on market analysis.”
No pot dispensaries will be afforded legal banking, it will be all cash, credit- and debit-card processors typically won’t touch marijuana money.
Cash baby..
https://www.nytimes.com/2018/01/04/magazine/where-pot-entrepreneurs-go-when-the-banks-just-say-no.html
Who will win these licences in NJ?
The 80 licenses would be distributed amongst the 40 legislative districts in New Jersey, allowing two licenses per district to distribute dispensaries proportional to population centers.
So that each district has two patronage licenses to hand out to donors?
Grim – ya think? Bill is not introduced yet.
http://www.njbiz.com/article/20180130/NJBIZ01/180139987/new-marijuana-legalization-bill-will-limit-state-to-80-retail-licenses-address-homegrown-and-expungements
Imagine being one of the two only legal pot dealers in one of these 40 New Jersey districts with of hundreds of thousands of people? CASH ONLY business? What is that worth?
At least $50,000 in an envelope, under the table of a Jersey diner.
Grim reminds me of class B liquor licence in NJ.
$50,000 yearly or monthly?
“After years and years of stagnation, we are finally seeing rising wages”
Donald Trump, 1/30/2018
Pumps was right again!
Trump is giving a decent speech.
Gary touches hisself
You know, it hurts. I made some of the most amazing calls and I have not had one person say nice job.
This world is a fraud. I’ll stand by my prior statements that were also put down by the individuals on this blog….it’s not what you know, it’s who you know.
My understanding of the economy is legendary, but my calls will go unheard. I’m just a nobody, so my calls will be ignored. Instead we listen to idiots on a daily basis who tell us the stock market is overpriced in the midst of the greatest economic boom of our lifetime. These guys get paid millions while I get laughed at.
Going to go puke now….
Blue Ribbon Teacher says:
January 30, 2018 at 9:19 pm
“After years and years of stagnation, we are finally seeing rising wages”
Donald Trump, 1/30/2018
Pumps was right again!
And the presidential address is a joke. People out there starving and these guys clapping away as a lobbyist sticks their di!ks in their mouth.
Career politicians…here lies the problem!
Michael Keaton is short the S&P 500?
“I already know the state of the union-ain’t good. Was pretty damn good about a year and a half ago,” tweeted Michael Keaton.
https://www.gossipcop.com/celebrities-react-donald-trump-state-of-the-union-twitter-reaction-speech-address-hollywood-stars-tweets/
Career
politiciansposters…here lies the problem!Daddy issues.
And the presidential address is a joke. People out there starving and these guys clapping away as a lobbyist sticks their di!ks in their mouth.
I know BJ Pumps Dad was deported for being a drug dealer. Now I’m wondering if he was a pimp, too?
Here’s the clue. Everyone knows that lobbyists suck dick. BJ Pumps seems to have had and opposite experience. Like I’ve said before, you can put all the money you want into the schools, but it is not going to fix what is wrong in the Polish homes.
As your Dad would say, “Nice blow job, son. We should raise your price to $6”
You know, it hurts. I made some of the most amazing calls and I have not had one person say nice job.
Lot’s of oral imagery…
This world is a fraud. I’ll stand by my prior statements that were also put down by the individuals on this blog….it’s not what you know, it’s who you know. yeah .