C19 Open Discussion Week 49b

From the Star Ledger:

N.J. hotline tells callers they can’t book a COVID vaccine appointment over the phone, residents say 

You can’t book an appointment.

That’s what some callers say they are being told when they call the state’s vaccine hotline, even though state officials said Monday the system was set up to help to them secure a slot.

The representatives did not say the appointments were unavailable because they were all booked, frustrated people told NJ Advance Media. But instead, callers said they were told the workers didn’t have the capability to make appointments at all.

The confusion comes after Health Department commissioner Judy Persichilli said at the governor’s Monday coronavirus briefing that the hotline had started making appointments.

She said more than 600 appointments had been booked through the hotline since Wednesday. Over the weekend, she said, the call center took more than 16,000 calls, registered 514 people with the New Jersey Vaccine Scheduling System (NJVSS) and made appointments for 286 people.

“They started making first dose appointments last Wednesday,” Persichilli said, noting she wasn’t sure if second dose appointments were being made.

Faisel Muhammad of South Brunswick said he called the hotline on Tuesday and was turned away.

“The person told me to wait for the second email after registering with NJVSS, that it will have a link for setting up an appointment,” Muhammad said. “No phone appointments.”

Carol Rayside said when she called, a representative said “they can only register people and could not make appointments.”

Vincent Tamburro said his mother, who is over age 65, called the hotline and a representative told her “they don’t know why they aren’t able to schedule anything.” And when he tried the hotline himself, the representative said she couldn’t even get into the scheduling system.

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309 Responses to C19 Open Discussion Week 49b

  1. Hold my beer says:

    First

  2. Hold my beer says:

    When do the tik tok gorilla glue challenges start?

  3. grim says:

    NJ just can’t get shit right.

    Should have hired me, I’d have saved NJ tens of millions of dollars, and still kept all these jobs in state.

  4. Very Stable Genius says:

    Doubled my investment in GME in a week. Moved gains to ARK. In 6 months will double again.

  5. Very Stable Genius says:

    Market doing the best. Even General Motors came out with great results.

    Thanks to President Biden and VP Harris for Making America Great Again.

    God bless.

  6. BRT says:

    Biden needs to hurry up and get me that next $6k stimulus so I can buy more dogecoin.

  7. Walking says:

    Grim that what you get for hiring a registered nurse to run a complex project rollout. they have an hourly mentality. clock in clock out.

    And no further intro needed it’ssss Judy!!

  8. The Great Pumpkin says:

    I look at the charts and it’s crazy, but then again, the govts of the world have never artificially tanked the economy. I’m with you, it’s frothy, but is it? The economy is in the beginning stages of the recovery cycle, so it’s hard to imagine a major bust. Correction coming, sure, but I just can’t see a major bust at this stage in the economic cycle. If it is a bust, it has to be a quick rebound because the fundamentals are in place for massive economic run in the next few years.

    There’s a lot of innovation at play right now, and major changes to the economy taking place. There’s a lot of room for growth. That’s why I believe ARK can handle the massive inflows. They are investing at the beginning stages of major innovative disruption, which leaves you with tremendous upside.

    I don’t know if I’m correct, but just how I see it. So is it frothy, or are these gains justified based on the time, place, tremendous opportunity from change in tech, and massive stimulus?

    Libturd says:
    February 9, 2021 at 10:38 pm
    The last time my net worth grew this quickly, the housing bubble busted hard a few months later. Just sayin’.

  9. Chicago says:

    You have no idea what you are doing.

    That said, enjoy your riches. Your money; your risk.

    Caveat emptor.

    Very Stable Genius says:
    February 10, 2021 at 7:48 am
    Market doing the best. Even General Motors came out with great results.

    Thanks to President Biden and VP Harris for Making America Great Again.

    God bless

  10. Libturd says:

    Chi,

    I knew you would take offense to that line. Sure, there are a number of honest financial advisors out there. And a larger number of hedge fund assh0les and brokers who would knowingly put you into poisonous Chinese dog food makers if the commission was large enough.

    Maybe things have changed for the better in the last 25 years, but my experience with brokers and hedge fund managers have been terrible. After watching my dad lose about 20% of his nest egg in the tech bubble burst due to his broker suggesting he move a ton of his hard earned dough into an internet and telecom mutual fund and then suggested he double down in it after the drop, I questioned the service he was receiving. Sadly, my dad is pretty old and was around 60 at the time. He and his ilk knew nothing about Etrade and other self service platforms and nearly all of them, except those in investment clubs, went the stock broker/mutual fund route for most of their savings (besides laddered CDs). I dug deeper into all of his investments and they were all heavily commissioned (front end loaded) funds. And in nearly every case, he could have bought a different class of the funds himself avoiding a lot of the load. Just disgusting actions by his broker (who was a really nice guy). At this time, I was about thirty, (this was in 99) settled into my current employ and my parents trusted me to manage what money they held in my name managed by this broker. At the time, I didn’t even know this money existed, but what it was, was the leftover money that should have been used to pay for my college. Since I nearly failed out my first year, spending more nights at the Limelight than in the library, my parents made me pay my own way the rest of the way. So it was now a pretty hefty chunk of change. Don’t get me wrong, this was not money THEY gave me. This was money that was given to me by friends and relatives (and a lot at my bar mitzvah) from the day I was born through my teens. I never got to keep my monetary gifts. Not ever. All went into the college fund. I just assumed I would get the rest of it when my parents croaked since I didn’t think they would ever trust me again after that horrible first year of college. Well, getting back to the story of why I hate these shysters, I find that I’m in that same stupid fund as my dad. And since I paid the entrance fee, he suggested I just stay in. At the time, I was in my first investment club in California, and they were all over avoiding high P/E stocks, which ended up being the bane of the tech bubble bursting. So I told him he could manage half of my money and I would manage the other half. He even sent me hockey tickets in an attempt to sell me on our relationship. Of course the tech bubble burst and where he lost about a third of my money, I only lost a few dollars as I had put all of my money into boring staples. Funny, at the end of that year, he didn’t he even try to sell me anymore. He put me on the phone with his assistant who simply asked where she should send the check to. Funny, my dad, 88 now, still talks to this guy regularly. Though I taught him E-Trade at that time and he never looked back. Though he still sucks at stock picking.

    The same thing happened for the most part with Gator’s family. They had a broker who also did nothing but lose the family money. This won though, made them a ton of money in the run up to the tech bubble. So right time, right place. For those who weren’t around, a complete ignoramus could make money on the markets in those days. If you heard of the company, you would have done well. Until everyone got killed. Well, Gator had some money left, not a huge amount, so I begged her to let me manage it and she obliged. The family broker was actually pissed. I found this strange. Especially since the rest of the family was still using her. Well this was a little later in time than when I had the run-in with my family’s broker, probably around 2004. I did some digging and her credentials were kind of sh1tty. She definitely did not go to school for this. None the less, the family kept working with her and she kept sucking, trying to rekindle the tech bubble to further and further losses. Well about 3 years ago, we inherited Gator’s brother. He had sold his condo and got back all of his downpayment and a little more. He was going to give it to that broker to manage, but I took a look at what she had him in before he sold out for the downpayment on that condo and it was all highly speculative garbage. The bulk of his gains came from Altria. The rest was a list of former darlings. Like Seadrill, and First Solar. This was a pretty sizeable chunk of change, and in three years, I have managed to just about double it, as safely as I know how. I have been teaching him a lot of my frugal knowledge and investment strategies, but none more important than him learning the importance of just saving more and funding his IRAs. He doesn’t make a lot of money, but he works in the federal government so his benefits and retirement package are absolutely amazing. I always told him, you will know you are financial free when your investments make more money than your labor. He never thought it was possible. Now he sees it and he can’t believe it. I can only imagine how little he would have made if he stayed with the family broker. For the hell of it, I asked him a few months ago if this broker keeps in touch with his mom, now that my FIL passed a few years ago and she no longer manages their wealth. He said no. I am not surprised.

    Then there are the hedge fund guys I know. I play hockey with a few and there was another who was actually in our investment club for about a year. We do stock picking contests (anywhere from 1 year to 6 year holding periods) and out of 12 members, this guy’s picks were always in last place. I look back at them periodically to see if he was unlucky, but they are all still in last place. Is this the kind of guy you want running a hedge fund?

    Sure, it’s all anecdotal. But if there is one pattern I’ve seen over and over again, it’s that the richer people are among my peers, the dumber they are with their money. The same phenomenon occurs in the cas1no. The moron who plays $1,000 a hand blackjack, is clueless. The poor sap who plays $10 a hand wrote the book on beating the game. And these rich guys flock to these hedge fund managers like politicians to campaign contributors. They remind me of my dad during the 90s.

    So Chi, it’s nothing personal. I know there are a lot of good ones out there. For sure. But from what I’ve seen, there are more shysters doing the same thing ill-informed saps money that H&R Block does with their tax return business. They take advantage of their lack of knowledge more than use their knowledge to help them. It’s really very sad. Then again, 75 million people voted for Trump.

  11. Juice Box says:

    General Motors? That is a seismic shift but can they pull it off? Remains to be seen.

    I mentioned Blackrock and get with he Green Energy plan. Again massive subsidies to come in legislation for this, ink is probably already dry on the “Model bill” circulation around congressional offices. These Model Bills are written by and for companies.

    Blackrock is putting money into this SPAC symbol DCRB for Hyzon Motors out of Rochester, NY. ” Horizon Fuel Cell” commercial vehicles, including heavy duty trucks, buses and coaches. They say they can produce produce up to 10,000 buses and trucks a year and are taking orders. I don’t think they delivered more than 500 in the last year or so.

    Just don’t ask where to Hydrogen comes from…

    https://www.bloomberg.com/news/articles/2021-02-09/hyzon-spac-merger-is-said-to-include-400-million-investment

  12. The Great Pumpkin says:

    What can we learn from the tech bubble? Massive money to be made or lost. If you chased stupid companies just to make a quick buck, you lost big time. If you actually put your money in Amazon and Googles at the time, you are now retired living large. Apply this to today. Play the winners and stay away from the noise. ARK does it for me. That’s why I pay her.

  13. The Great Pumpkin says:

    Her team really does their hw and have built an incredible network to understand these trends. That’s why she is transparent. She uses it to her advantage. You can’t just replicate what she has built here.

  14. Juice Box says:

    Lib – re: “my experience”

    Hedge Funds don’t last very long a third fail annually and most are gone after 5 years. But in this climate they may last a bit longer and post massive successes in the news. To accomplish what they do they use lots of leverage.

    The entire system has been seeing a flood of cheap money. However for the “big money” it has not been this cheap since the before the housing crisis. The banks lend to the investment community now at an incredibly low 1 month libor of 0.11 % +spread for their leverage. A year a go it was 1.7% + spread. It’s now 15 times cheaper for them to borrow short term that it was a year ago, adding massive liquidity for every investment class even junk bonds.

    Again we aren’t like Japan where the BOJ is the largest share holder of the Nikkei propping it up by outright buying stocks and investments of all classes at these ultra low borrowing rates are creating the same effect.

    It is one of the reasons why “bottom up” valuation techniques no longer work, the leverage created was not there last year.

    TSLA stock case in point.

    52-wk low 70.10
    52-wk high 900.40

    Draw your own conclusions on when to get out.

  15. Libturd says:

    She is transparent because when you invest in companies that lose money hand over foot, the only thing that makes stock prices go up is the hype you generate about them.
    Tesla is not an $800 per share company because they make money. Even with a P/E of 125, TSLA would have to increase the number of cars they sell over the next 9 years by 40 times. Tesla is at $800 because Musk can buy a billion dollars worth of bitcoin at $35K, promote the hell out of his purchase, and sell it at $45K a week later. Somehow this is legal. This is what Musk is good at. Marketing. Not so much at making money. Your Wonderwoman is good at the same.

  16. Libturd says:

    Juice. Thanks. That’s good stuff. It’s always a leverage bubble that pops. Just in a different sector each time. This time it will probably be more broad based like in the Great Depression since the leverage is in everything. Perhaps the Robinhood/GME debacle was a warning signal? Nah, must have been a lose connection. The altimeter is fine.

  17. Juice Box says:

    We should continue discussion what is going on here from the Macroeconomic perspective.

    Chairman of the Fed will be speaking today at the Economic Club of New York. We can expect him to say that we can handle inflation and they will keep the spigots open, now it’s time to do your part. Banks have 3 Trillion in excessive reserves sitting on the sidelines.

    “Jay Powell, the Fed chairman, will have an opportunity to discuss the brighter outlook and its implications for policy when he speaks on Wednesday to the Economic Club of New York about the state of the US labour market.

    Along with signs of bubbles in asset prices, the new economic terrain will test the more dovish policy paradigm — including higher tolerance for inflation and a more dogged commitment to achieve full employment — that the Fed introduced in the second half of last year based on lessons from the past decade.

    “As the economy improves, but before you get any data that says you are close to your goals, that’s the pressure point for Powell and the Fed in general,” said Tim Duy, a Fed watcher at the University of Oregon.

    We expect . . . real GDP growth of 5.9% in 2021

    Powell also has set a very high bar for tightening monetary policy, with the Fed issuing guidance it will not raise US interest rates until inflation is on track to rise above 2 per cent and full employment is reached according to broad measures of the labour market. Even a reduction in the pace of asset purchases — or tapering — would require “substantial further progress” towards those goals, the Fed has said.”

    https://www.ft.com/content/8e34c273-6269-474a-b68c-e5fec33e6f28

  18. BRT says:

    lol, what’s this, 14 years straight of the Fed ready to raise rates as the economy improves?

  19. BRT says:

    Is it a feedback loop at this point?

    Everyone goes into Tesla. ARK buys Tesla and Bitcoin, everyone flows into ARK. Tesla buys bitcoin, everyone goes into Bitcoin and ARK.

  20. BRT says:

    What can we learn from the tech bubble? Massive money to be made or lost. If you chased stupid companies just to make a quick buck, you lost big time. If you actually put your money in Amazon and Googles at the time, you are now retired living large. Apply this to today. Play the winners and stay away from the noise. ARK does it for me. That’s why I pay her.

    You didn’t have to chase gamestop to make a quick buck. This play was talked about for a year. I came across it around the same time Michael Burry was talking about how ETFs are distorting the market.

  21. chicagofinance says:

    From 3 years ago….. I can’t get over Peterson’s matter-of-fact response to patent nonsense….. he is so measured and sharp.
    https://youtu.be/aMcjxSThD54?t=1327

  22. JUice Box says:

    BRT- It’s just another round of the great debate. Inflation is being called out by some economists in the media, so now the Fed is going to come out and say it is ok, we are going to focus on full employment this time.

    Media has been saying for the last week or expectations of rising inflation are an outlier even based upon bonds and the steeping yield curve. They are subtly saying the Fed should not get in the way and take away the proverbial punch bowl now.

    Our economy relies on money changing hands. Well when it comes to money changing hands we are in uncharted waters today..

    https://fred.stlouisfed.org/series/M2V

    So anyway rising stock market and housing prices looks good. The “Wealth Effect” suggests that people will start feeling better vaccine and all and seeing more wealth so they will start spending more with stocks and housing prices up even if they personally aren’t profiting with a pay raise and or profiting only on paper 401k or a nice new HELCO loan.

    We cold even see those TV ads again from the last housing bubble. “Take a vacation on the house”.

  23. BRT says:

    chi,

    That interview was probably the biggest massacre I’ve ever seen in a debate.

    I have a friend who’s like a clone of him. He’s built up a logical maze in his head where he’s instantly able to respond to anyone’s point eloquently and in a manner where they can’t use the default “get offended” reaction to try to win the argument.

  24. BRT says:

    If they couldn’t roll back the printing press when we were hovering at record low unemployment. There is no way they would ever do it now. It’s pedal to the metal, free money for everyone. Some more than others. There’s no way out anymore other than severe devaluation.

    I actually think long term, it needs to happen because the personal debt levels are way too high on a nationwide basis. It’s like a reset button. It would be better to start from scratch. Won’t be fun though. I love the fact that crypto has become so big because it has introduced competing currencies into the market. I think these ideas actually have the ability to solve our long term issues created by central banks. We’ll see if it has staying power.

  25. Phoenix says:

    Went on that Linked in thing this morning. I really feel sorry for those out looking for work. I know the going rates for certain jobs.

    The listings remind me of when you have an 8k car to sell, and price it at 5k for a quick fair sale, and then some a hole offers 1k as a low ball.

    I’m not even in the market but damn it still pisses me off. All of America is becoming like Canal street.

  26. leftwing says:

    “For those who weren’t around, a complete ignoramus could make money on the markets in those days. If you heard of the company, you would have done well.”

    It’s different this time. :) /s

    “It’s now 15 times cheaper for them to borrow short term that it was a year ago, adding massive liquidity for every investment class even junk bonds.”

    High yield broke through 4%. City of Chicago bonds, junk, are sub-2%. When this one blows it’s going to be absolutely epic.

    Re: ARK, people are starting to mill around the sidelines. Even her. Haven’t updated my spreadsheet but looking at her daily she’s been dumping ‘disruptive’ names like NanoDimension, PINS, etc and her big buys the last few days have been names like Novartis and Roche. You know, where Swiss pensioners have put their retirement money for the better part of a century….

    Exited two of my four remaining GME positions….up around 1.3x, well short of max profit at 4.0x but that number would only occur by pinning the stock at a specific number on 4/16…..Take the money and run, redeploy the capital….Still have two positions I’ll likely hold to maturity, both very deep OTM put writes for which I took in premium for an equivalent 20% return on theoretical risk…basically locked in that return so long as the stock is above eight bucks on 3/19…..

  27. Phoenix says:

    So Juice,
    So you end up with more dollars that are worth less. Until you get to the point where its cheaper to burn them for heat vs buying wood.

  28. The Great Pumpkin says:

    Everyone moving into ARK? Not so. You see it on this blog. Lib and Chi are just an avg, how many others are taking their position? How many are trying to short it because she just had a huge year?

    You know people out there see something double in one year and automatically take the short position. Regression to the mean…they will eat it.

  29. The Great Pumpkin says:

    Not so, if the money is being put into assets, which grows the economy. Remember, now that the asset has grown in value, it can be leveraged to grow the economy even further. There is demand out there, people are making money, and the economy just got tossed to the ground last year by world govts. We are in the growth stage now. Get in, or miss out. There will be a correction this year as Woods constantly points out, but don’t think this means that the sky is falling.

    Phoenix says:
    February 10, 2021 at 10:44 am
    So Juice,
    So you end up with more dollars that are worth less. Until you get to the point where its cheaper to burn them for heat vs buying wood.

  30. Juice Box says:

    BRT – Pedal to the metal, is fine. Problem is they cannot even agree on raising income for even the lowest earners. Even Bernie Sanders has said $1 a year until it reaches $15 dollars. This inflation will all be over before that happens.

    Something like 60 million families are in that boat of under $50k annual income.

  31. The Great Pumpkin says:

    Lefty,

    Woods is calling for a bubble in bonds, not equities.

  32. The Great Pumpkin says:

    She is investing in disruptive tech. You know how difficult that is? Yes, because they don’t make money till they do. Look to Amazon as an example. She knows the winners, don’t you get it by now? Her team is doing something no one has been able to do before…

    Understand, Tesla is not a car company, it’s an energy company. It’s way ahead of the game in energy storage.

    Libturd says:
    February 10, 2021 at 10:05 am
    She is transparent because when you invest in companies that lose money hand over foot, the only thing that makes stock prices go up is the hype you generate about them.
    Tesla is not an $800 per share company because they make money. Even with a P/E of 125, TSLA would have to increase the number of cars they sell over the next 9 years by 40 times. Tesla is at $800 because Musk can buy a billion dollars worth of bitcoin at $35K, promote the hell out of his purchase, and sell it at $45K a week later. Somehow this is legal. This is what Musk is good at. Marketing. Not so much at making money. Your Wonderwoman is good at the same.

  33. Libturd says:

    It’s going to be fun to watch mainly from the cheap seats.

  34. Libturd says:

    Don’t stop believing!

  35. 3b says:

    BRT: I have been saying that for sometime, there has to be a reset. The younger generations are being harmed with this madness.

  36. Juice Box says:

    Pumps – Pant up demand? I believe sales of pants dropped like 13% and are now expected to skyrocket.

    Should I go long on symbol LEVI

    https://ksusentinel.com/2021/02/10/denim-market-study-based-on-shares-current-opportunities-with-future-growth-scenario-by-2027-levi-strauss-co-the-gap-inc-vf-corporation-hm-pvh-corp-pepe-jeans/

  37. The Great Pumpkin says:

    And isn’t that a key part of a business…marketing. Musk is good at what he does.

    Musk knows that by dumping that much in bitcoin, it legitimizes it to other companies. So he is smart enough to get in there first, drive up the price, and then collect.

    NHMD taught me this well. The market is more about market psychology than most think. Fundamentals matter in the long term, but they sure as hell don’t matter in the short term. The market can act irrational for longer…

  38. Bystander says:

    3B,

    We are all idiots apparently. Nothing is changing. The stock market is unstoppable, NJ housing is unstoppable and everyone will return to expensive NYC office locations soon. A dufus told me so. He is a part of that ‘productive class’ ya know. People who work twenty years then retire for 40 on everyone elses dime. Cough..Salesforce release.

    “For employees who work within the “flex” option, they’ll report to the office anywhere from one to three days each week for tasks that are more challenging to do over video calls, like team collaboration, customer meetings, or presentations. Salesforce said most of its employees worldwide will have a flex schedule.

    “Other employees will work fully remote — Salesforce said this option will be reserved for those who don’t live near one of the company’s offices or who work in roles that don’t require being in a physical office.

    Salesforce said only a small subset of its 49,000 employees will work in the office four to five days per week.

    “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is about more than ping-pong tables and snacks,” Brent Hyder, president and chief people office at Salesforce, wrote in a blog post announcing the change.

  39. Libturd says:

    My second grade teacher was named Ms. Javelin. Odd name, for a woman whose shape more resembled a dirigible.

  40. The Great Pumpkin says:

    There are millennials actually killing it out there. The part of the younger population getting killed are the ones with no sense of direction. It’s capitalism, not everyone is a winner, but we are all better off for it.

    Resetting it is a spit in the face of everyone that made something of themselves in this economy. Not their fault that some are losers in this game, AOC can stfu.

    3b says:
    February 10, 2021 at 11:02 am
    BRT: I have been saying that for sometime, there has to be a reset. The younger generations are being harmed with this madness.

  41. leftwing says:

    “Chairman of the Fed will be speaking today at the Economic Club of New York. We can expect him to say that we can handle inflation and they will keep the spigots open, now it’s time to do your part. Banks have 3 Trillion in excessive reserves sitting on the sidelines.”

    Agree on his script. Will be interesting to see how rigorously he is questioned about the discrepancy between the Fed measures and the inflation rampant already. Are they going to give him a polite pass when he gives the canned, scripted answer or probe deeper.

    I still can’t wrap my mind around a central bank promoting inflation….price stability is the raison d’etre for a central bank as inflation is among greatest destroyers of wealth and quality of life, especially for the most vulnerable in society.

  42. Bystander says:

    Afterall, if employees want to come into office once a week, you will want to lease three floors of prime NYC real estate, in case they show up. Financial folks won’t care at all.

  43. leftwing says:

    “Woods is calling for a bubble in bonds, not equities.”

    Have no idea what she is saying – and don’t care – but her money says she has started dumping speculative stocks and buying Swiss blue chips.

  44. chicagofinance says:

    Brokers that lose money completely are hacks. There are not that many of them who persist. The “shysters” are unlikely to cause losses. What you see is chronic underperformance where undue costs reduce the magnitude of positive outcomes.

    The main thing that you are not recognizing is that you appear to have a potent ability to self regulate your behavior relative to money. You also have that trait paired with analytical ability and an intellectual curiosity to educate yourself.

    Do not take these skills and traits for granted. For those of that have such gifts it seems rather underwhelming (by nature, it is likely the vast bulk of the participants on these threads – it is why we are here and participating). However, don’t be fooled. People are in search of pragmatic and objective takes on finance.

    Only one part of my job is managing money. I also manage people’s emotions.
    Fear. Hope. Anticipation. Clarity.

    You are doing these things for your family implicitly. It is commendable that your offer it up freely. Just remember…… if you don’t charge for it, people take it for granted. You will realize that over time once someone comes to you and complains about some outcome that they perceive as suboptimal. Even if you have saved them from themselves.

    Libturd says:
    February 10, 2021 at 9:07 am
    The same thing happened for the most part with Gator’s family. They had a broker who also did nothing but lose the family money.

  45. The Great Pumpkin says:

    If you wfh, you are the loser in this equation.

    You don’t see it? The people that get paid the big bucks will go to work. The people that are not worth the investment in office space will stay home until they are phased out by tech. Writing is on the wall. They think your job is so meaningless, they don’t want you to come to the office. They don’t want to pay for it. Your job will be gone before you know it.

    “For employees who work within the “flex” option, they’ll report to the office anywhere from one to three days each week for tasks that are more challenging to do over video calls, like team collaboration, customer meetings, or presentations. Salesforce said most of its employees worldwide will have a flex schedule.

    “Other employees will work fully remote — Salesforce said this option will be reserved for those who don’t live near one of the company’s offices or who work in roles that don’t require being in a physical office.

    Salesforce said only a small subset of its 49,000 employees will work in the office four to five days per week.

    “An immersive workspace is no longer limited to a desk in our Towers; the 9-to-5 workday is dead; and the employee experience is about more than ping-pong tables and snacks,” Brent Hyder, president and chief people office at Salesforce, wrote in a blog post announcing the change.

  46. leftwing says:

    “It’s going to be fun to watch mainly from the cheap seats.”

    Did you expect anything different? The guy who makes the ‘call’ that housing values will be higher twenty years out finds an equity manager who specifically says don’t hold me to any medium term goal but measure me ten years out?

    You know for certain that when the speculative stocks in this thing go ‘boom’ the full throated rebuttal here will be “but wait until 2031!!”

    https://www.youtube.com/watch/VcjzHMhBtf0

  47. The Great Pumpkin says:

    How much money did you lose if you skipped the housing market and stocks over the last 10 years because you thought it was all crashing down. I have been hearing for 11 years that the market is going to crash. These bears are getting destroyed. Glad I didn’t listen to the bears for all these years.

    Bystander says:
    February 10, 2021 at 11:09 am
    3B,

    We are all idiots apparently. Nothing is changing. The stock market is unstoppable, NJ housing is unstoppable and everyone will return to expensive NYC office locations soon. A dufus told me so. He is a part of that ‘productive class’ ya know. People who work twenty years then retire for 40 on everyone elses dime. Cough..Salesforce release.

  48. chicagofinance says:

    If you are 35 years old you graduate college into 2008, and now as you are stepping up into your mid-career, 2020 happens. It’s call getting fcuked twice in the a$$.

    Anyone who has assets is crushing it.

    Usually debt can be your friend in the sense that it is finite, and as inflation impacts prices, the REAL value of debt decreases. However, for those without assets, they have not participated, and interest rates have cratered. The is the 3rd b6ttfcuk.

    Other than that….. yeah “millennials actually killing it out there.”

    The Great Pumpkin says:
    February 10, 2021 at 11:10 am
    There are millennials actually killing it out there. The part of the younger population getting killed are the ones with no sense of direction. It’s capitalism, not everyone is a winner, but we are all better off for it.

  49. chicagofinance says:

    Don’t get fooled. We will likely have some major type of correction soon, but the spigot of money is still flowing….. it’s an embedded put.

    These signs though are incredibly disturbing. Especially Musk’s behavior relative to crypto…

  50. The Great Pumpkin says:

    Inflation is the lesser of two evils. You don’t want deflation. It’s not easy managing an economy.

    “I still can’t wrap my mind around a central bank promoting inflation….price stability is the raison d’etre for a central bank as inflation is among greatest destroyers of wealth and quality of life, especially for the most vulnerable in society.”

  51. The Great Pumpkin says:

    Chi,

    These kids parents have the assets and they are going to get it in the biggest wealth transfer in history.

  52. Bystander says:

    Please, to sane people, I point to post at 11:15 if you think this will end well. The euphoria is at a fever pitch. Groups of low IQ Blumpies out there with same belief.

  53. Bystander says:

    Did your parents give you buckets of money or only the house you robbed from Granny right before RE boom?

  54. leftwing says:

    “Inflation is the lesser of two evils. You don’t want deflation. It’s not easy managing an economy.”

    Please study economic history before typing.

    And a healthy economy is one not in need of managing, especially by a central bank.

  55. leftwing says:

    Wonder what exactly Bruce was fishing for in Gateway National with a six pack on a cold Saturday evening…..he may be more ‘everyman’ than anyone knew.

  56. Juice Box says:

    Pumps – re: TESLA is not a car company.. So how are they an energy storage company?

    These are the two types of batteries they use.

    Lithium nickel manganese cobalt oxide for stationary storage like power wall.

    Lithium nickel cobalt aluminum oxide for the car batteries.

    They neither mine, manufacture any of it. Tesla sources its batteries from major producers so it can focus on its core mission which is building electric cars. They do however assembly it in their giga factories here for their products but that is done by it’s subcontractors Panasonic and a few others. They did file a patent recently for a new LI battery to increase range, but not enough to use it in trucks, buses and taxis.

    Anyone can get in the battery game. There are countless startups and smaller players working on the next generation of transportation transitions away from fossil fuels. Any of those companies could could ultimately replace major players in the energy storage game if they can develop and market a workable next gen battery outside the two tried and true battery chemistries I mentioned above.

    Like ticker: QS. It’s now at 21 Billion valuation on the NYSE, it makes no product for the near future. They are a PRE-SALES VALUATION, skipped right past the IPO with a SPAC. Who care about sales and fundamentals anymore?

    https://www.marketwatch.com/articles/ev-battery-start-up-quantumscape-is-driven-solely-by-promise-51611918010?mod=mw_quote_news

  57. Phoenix says:

    Southside Johnny > Bruce.

    Idk. I liked his music better. That’s all.
    Never cared for Bruce.

  58. Juice Box says:

    re: Bruce – Nov 14th at Sandy Hook was 53 degrees and 20 mile an hour winds. Not exactly a beach day….They cited him for reckless driving too was he doing donuts in the parking lot?

  59. joyce says:

    It is working exactly as intended going back all the way to 1913.

    leftwing says:
    February 10, 2021 at 11:11 am

    I still can’t wrap my mind around a central bank promoting inflation….price stability is the raison d’etre for a central bank as inflation is among greatest destroyers of wealth and quality of life, especially for the most vulnerable in society.

  60. Bystander says:

    Let’s see:

    I work in tech. Check
    I work for giant global IB. Check
    I manage workforce planning. Check
    I see pay and bonus across globe. Check

    You are an absolute moron who has none of it right. You are house owner and asset-holder seduced that Fed has performed some magic. You think all these technology companies will all successful and lead to great innovation. This is epic bubble ala 2000 where many bad companies, bad execs, bad strategy and bad software being floated by free money. The big survivors later will be the ones who did integrate core business with these terrible software companies thinking they were hot/cutting edge. Millennials are not killing it. They are working schmoes trying to survive like every othe generation except now they need two incomes to survive and women fully embrace it (no choice but wait until two kids). More 100K jobs but less 200k. People getting killing it are traders, brokers and client mgrs who show a nice black arrow up in their 2020 portfolios, through none of their own work. For everyone else, the wage arbitrage caps are all over, grim said even Africa now. You are just too dumb to see it rotting away bc it is being printed into non-existence and not something corp America would promote. All is well…until it isn’t.

  61. Phoenix says:

    Joyce,

    👍👍

  62. 3b says:

    Speaking of Tech Companies. I saw yesterday that SalesForce
    Says the 9 to 5 workday office is over for them. Most of their employees will be WFH, with the minority in the office. Apparently 3 types of schedules they can chose from. Flex, Fully remote , and office based. The company said their employees created this strategy. They pointed to school age kids caring for sick family member, and the ability to recruit New employees beyond expensive SF and NYC.

  63. Bystander says:

    3b,

    Yep. See my post at 11AM. I thought you would appreciate another “WFH forever” article.

  64. 3b says:

    Bystander: I knew this one was coming a few weeks ago, as a friend of mines Daughter works there. I also said there would be more coming, and there will be. I think it’s very interesting that the employees crafted the plan. And one of the issues mentioned was school age kids. If the young people need two incomes today to live the lifestyle I lived with a stay at home spouse, then it’s not surprising this is what they will want. It is a huge quality of life improvement for them.

  65. leftwing says:

    “This is epic bubble ala 2000 where many bad companies, bad execs, bad strategy and bad software being floated by free money.”

    I’ll call proximity to a near term top…..

    In 2006, a CNBC announcer with no real financial background left the TV station to the latest ‘hot’ place where money was flowing, a hedge fund “fund of funds”.

    Basically, these entities took no talent at all since the ‘investment strategy’ was to take people’s money, aggregate it, take a skim, then hand it to someone else who actually managed the money (of course with their own separate skim).

    This simple, rigged model attracted hapless individuals such as TV anchors to the ‘free’ money. Alas, these individuals were not even qualified to make money in this pre-ordained setup yet money flowed to them. They failed, underscoring the amount of free money available that precipitated the 2008 meltdown.

    What happened this week? The latest financial engineering flavor – SPACs – whose ‘business model’ is eerily similar and with returns as rigged for the sponsors as the “fund of funds” were in 2006…..wait for the punchline…..attracted a former CNBC anchor (Larry Kudlow) as a manager…..Even better, and I’m not making this up, a former professional athlete manager (Kaepernick) as well. Because professional athletes are so well known for their prudent LT financial management skills.

    We have broken base camp and the summit is within sight…..

    https://www.businessinsider.com/ron-insana-is-going-going-gone-at-sac-capital-2009-2#:~:text=Former%20CNBC%20bloviator%20Ron%20Insana,first%20half%20of%20the%20year.

  66. 3b says:

    Bystander: Sorry I did not see your post at 11:00. As I said more permanent WFH news will be coming as the year progresses.

  67. The Great Pumpkin says:

    Think why this company is promoting this. They want WFH, they make money off it.

    Do you really think an entire economy can WFH? I’m sorry, but that’s an insane position. Why is Amazon dumping money into a new state of the art office building? Why did apple do it? They like wasting money? Think.

    3b says:
    February 10, 2021 at 12:12 pm
    Speaking of Tech Companies. I saw yesterday that SalesForce
    Says the 9 to 5 workday office is over for them. Most of their employees will be WFH, with the minority in the office. Apparently 3 types of schedules they can chose from. Flex, Fully remote , and office based. The company said their employees created this strategy. They pointed to school age kids caring for sick family member, and the ability to recruit New employees beyond expensive SF and NYC.

  68. The Great Pumpkin says:

    Tesla is the new amazon, you just haven’t figured it out yet. Amazon started out as a book store. Just realize that they are not a car company..

    It wasn’t until 2014 that most people realized that Amazon was not a money losing joke.

    Juice Box says:
    February 10, 2021 at 11:44 am
    Pumps – re: TESLA is not a car company.. So how are they an energy storage company?

  69. Libturd says:

    3b,

    The trend I am seeing, is the exact opposite of Pumpkin’s screed. Is anyone surprised? Since we are in manufacturing, our plants are all still up and running. The machine operators and their supervisors are all still working (at work), albeit in masks and following strict anti spread protocols. The thinkers, planners, tech buyers, estimators and pretty much anyone and everyone who does not manufacture books, works from home. It is most likely going to stay this way. I was just on a call with two high level technologists who used to work out of our largest plant in Northern Minnesota. These are super high level thinkers and serious SMEs. Both haven’t stepped foot in the plants where they used to work in months. The funny thing I’m seeing is that operators want to return to work. Technologists don’t. By working from home, we are doing a lot more collaboration with each other than we used too. I think because we were too location focused and often reinvented the wheel at each facility. Now that we are working from home, the tendency to reach out to each other is greater. And the plants have become more self sufficient too giving us more time to work with each other.

  70. The Great Pumpkin says:

    So how it that you are not profiting from this? You are so focused on the negatives that you miss the positives. How much did you lose hanging on the sidelines the last 10 years? My wife’s 401k was less than a 100k 10 years ago. I went very aggressive with it in 2012 because the sky is falling crew didn’t scare me anymore. Boy, am I glad I did. Crack….hr!!

    If 2008 didn’t take it all out, nothing will. Every year since 2012, the bears called for a crash in the stock market. They also called for RE crash most years. Maybe one day they will be right, but f/k them at this point.

    Bystander says:
    February 10, 2021 at 11:56 am
    Let’s see:

    I work in tech. Check
    I work for giant global IB. Check
    I manage workforce planning. Check
    I see pay and bonus across globe. Check

  71. Libturd says:

    Anyone use an online only bank for business that they like? Azlo was awesome. So awesome that it’s closing. Anyone here use Novo?

  72. The Great Pumpkin says:

    Bystander,

    You are a smart guy, I’m not saying you are not. I’m just saying to focus on the positives some more so you don’t get left behind.

  73. chicagofinance says:

    Lib: WFH is effective for existing relationships. It stifles creating new ones in the workplace. You are established. It works well for you. If you are searching to build your career, WFH is a fcukover…..

  74. The Great Pumpkin says:

    Why is amazon investing in a headquarters right now as we speak? Why? Because they are stupid?

    You of all people, would never ever open up a business and let them all work from home. You would never. You would never trust them. You know that your company’s best chance at being competitive is by being able to manage people where you can see them and know exactly what they are doing.

    People work best together in person. Why are so many people complaining about schools having to be in person? Why? They know the model sucks for learning and creativity. People get lost behind the screen.

    So please tell me a lie, and say you would open up a business that is wfh. In the short term, you will be fine, in the long term, your company will die.

    Libturd says:
    February 10, 2021 at 12:54 pm
    3b,

    The trend I am seeing, is the exact opposite of Pumpkin’s screed.

  75. No One says:

    It’s hilarious watching Pumpkin parrot the buzzwords the sell side has been slinging for over 2 years, and he fancies himself ahead of the curve.
    They are ready to take a dump on the Pump. And he’s just laying on his back, mouth wide open, ready to gobble up that sh1t.
    Or maybe any plausible growth story really is infinitely valuable, and $1 in 10 years really is worth more than a $1 today.

  76. The Great Pumpkin says:

    No, I’m not wrong on this. You are right most of the time, but you are wrong on this.

    Go ask the people who lived through the constant boom and busts of the 1800s. They were horrible. The economy does need to be managed. When there are busts, you have to inject capital to keep the gears going, or all will suffer. It’s the damn truth. We just witnessed it in 2008 and now in 2020.

    leftwing says:
    February 10, 2021 at 11:36 am
    “Inflation is the lesser of two evils. You don’t want deflation. It’s not easy managing an economy.”

    Please study economic history before typing.

    And a healthy economy is one not in need of managing, especially by a central bank.

  77. The Great Pumpkin says:

    And for people crying about the younger generations getting a bad rap because of 2008 and 2020….nope. You saved their a$$ from the horrors of a depression. Do you understand this? They can cry all they want right now about the fed intervention, but their lives would be completely miserable had the fed not come to save the day.

  78. The Great Pumpkin says:

    I know a correction is coming, but it doesn’t scare me. The economy is going to be strong the next couple years or maybe even till the end of the decade.

    No One says:
    February 10, 2021 at 1:06 pm
    It’s hilarious watching Pumpkin parrot the buzzwords the sell side has been slinging for over 2 years, and he fancies himself ahead of the curve.
    They are ready to take a dump on the Pump. And he’s just laying on his back, mouth wide open, ready to gobble up that sh1t.
    Or maybe any plausible growth story really is infinitely valuable, and $1 in 10 years really is worth more than a $1 today.

  79. OG Bankster says:

    Libturd,

    For online business banking try TIAA Bank. The usual web bank goodies. But they reimburse ATM fees and you can deposit cash (5business day to clear) at Star Deposit Network ATM – which means all PNC ATMs and some Credit Union. Also recommend Visions Federal Credit Union, the are part of the Shared Deposit Network, it means that you can deposit at another participating Credit Union.

  80. Libturd, dropping praise like purple haze says:

    Thanks OG! Will check them out. I love TIAA for other things. I imagine it permeates into other businesses of theirs.

    Chi,

    Thanks as always for the sage advice. Always major props. Some advice back atcha. Don’t listen to Howard Stern’s take on Depeche Mode and the R&R HOF.

  81. BRT says:

    You know that your company’s best chance at being competitive is by being able to manage people where you can see them and know exactly what they are doing.

    The most work I’ve ever gotten done was in grad school where my boss literally disappeared for 6 months in Europe on sabbatical. Being managed is the worst thing for productive workers. If I never had a supervisor, I would be 10 times more effective in my jobs.

  82. BRT says:

    lol, Colin Kaepernick SPAC?

  83. 3b says:

    BRT: For people that work in an office, and this is not directed at you, we all know how much time some people spending bs ing. Of course one would have to have had worked in an office to appreciate that.

  84. The Great Pumpkin says:

    I dare you to start a company and not manage them.

    BRT says:
    February 10, 2021 at 1:50 pm
    You know that your company’s best chance at being competitive is by being able to manage people where you can see them and know exactly what they are doing.

    The most work I’ve ever gotten done was in grad school where my boss literally disappeared for 6 months in Europe on sabbatical. Being managed is the worst thing for productive workers. If I never had a supervisor, I would be 10 times more effective in my jobs.

  85. 3b says:

    Chgo You are right it’s quite difficult starting out. However, those younger people when the get established and after marriage/kids are going to appreciate the WFH too.

  86. The Great Pumpkin says:

    It’s amazing right, the guy that doesn’t work in the office is correct, while the guy that does is lost in the woods. I hope you find your way out of the woods.

    3b says:
    February 10, 2021 at 2:07 pm
    BRT: For people that work in an office, and this is not directed at you, we all know how much time some people spending bs ing. Of course one would have to have had worked in an office to appreciate that.

  87. The Great Pumpkin says:

    How does one get established in a WFH environment. How do you even learn?

    Again, if it’s huge problem having students learning from home, how can you advocate for WFH at the same time? Oh right, people who advocate for WFH are the ones that do sh!t. They like the free time sitting in their pajamas watching tv. FACTS.

    If you are trying to move up in a company right now, you are pissed at WFH. The only people getting promoted are the ones the managers have a relationship with already.

    3b says:
    February 10, 2021 at 2:10 pm
    Chgo You are right it’s quite difficult starting out. However, those younger people when the get established and after marriage/kids are going to appreciate the WFH too.

  88. Libturd says:

    BRT,

    I am antithesis of the micro-manager. It takes me about 6 months with each new supervisor to convince them to leave me alone. I know it’s incredibly c0cky. But, I always say, that dumb motto. If I look good, you’ll look good. If I ever slip, just let me know. Otherwise, I know what I am doing. This autonomy is extremely powerful. I give it to two of my four directs, the second of which I promoted today. The other two would spend all day blogging if I didn’t assign them work regularly. :P

  89. The Great Pumpkin says:

    Lib,

    Just understand that most people, when you let go of the leash, they take advantage. You know this mannn….give them an inch and they take a yard.

  90. 3b says:

    Those employees in Salesforce are arseholes!! There are experts who know better!!

  91. The Great Pumpkin says:

    Tesla is doing something we haven’t seen since the early 20th century — rapidly building up a new industry. Here’s how.

    https://www.businessinsider.com/tesla-is-not-a-tech-company-or-auto-company-analysis-2020-6

  92. BRT says:

    I dare you to start a company and not manage them.

    Like Lib said, some people thrive with autonomy. I’m not going to try to convince you that you don’t need someone breathing down your own personal throat to stay focused at work.

  93. phoenix says:

    “You know this mannn….give them an inch and they take a yard. ”

    Teachers proved this theory.

  94. 3b says:

    Chgo : To comment further, there are processes in place at many companies that are WFH to onboard and acclimate new hires; some are quite good and innovative. Like anything else new it will take time but WFH is here to stay, in spite of the temper tantrums of one individual.

  95. Libturd says:

    Depends on the job and the person. Treat your employees right and they will stay with you for a lifetime. I have one employee I hired who I was friends with in college. another one who followed me from my first professional employ to the current. Another employee that married a college girlfriend of mine. All in all, I have hired people I went to college with five times now. They were smart hires because I knew what I was getting ahead of time. Of course, I made it very clear with each one that they will gain no special privilege due to our friendship. As a matter of fact, I made it clear that it would be worse, as they would never be picked first due to the risk of the appearance of impropriety. HR hates it, but I prove them wrong every time. The loyalty from my friends/coworkers is priceless.

  96. The Great Pumpkin says:

    Maybe it works for them, but understand, WFH is not an easy model to start a business or grow with. You completely ignore the need for “real human interaction.”

    Did the telephone or emails eliminate the need for in person cooperation? Did it eliminate the need for in person sales to close the deal? Did they eliminate the need for offices? No, why? Why did IBM abandon that model…they tried it. It didn’t help them and they abandoned it.

    You totally devalue the importance of human interaction.

    In the end, maybe I’m wrong. If I am, I will acknowledge it and take the L.

    3b says:
    February 10, 2021 at 2:40 pm
    Those employees in Salesforce are arseholes!! There are experts who know better!!

  97. Bystander says:

    Can someone please explain to Blumpy tax advantages for high valuation, cash rich companies in terms of why they want to build and expand real estate..vs. let’s say almost any other company trying to get its stock price up? It would be easier to explain to my 6 year old.

  98. The Great Pumpkin says:

    Well that is the manager’s job. They will know who needs to be pushed and who they can trust.

    Just remember, majority of worker’s suck. They are looking for ways to get over on their company/boss. They are there to do the least amount of work possible. That’s the avg loser out there. Look at your classroom, but that might not work because you teach the overachievers.

    Well, if you taught the normal kids, you would see that there is percentage of the class that will do nothing and gladly fail. You will have the others that will do the bare minimum to pass. You will have the kids that only strive to get a B because that’s what mommy and daddy expect and will cut off their phone. Lastly, you will have your overachievers. The kids that willingly do every assignment to the best of their ability.

    I work in an urban setting, so the majority of my students fall into “gladly fail,” or do the bare minimum to pass. The “gladly fail” only show up to school so that their mom doesn’t get a letter in the mail from the judge to show up to court for their child’s attendance.

    BRT says:
    February 10, 2021 at 2:42 pm
    I dare you to start a company and not manage them.

    Like Lib said, some people thrive with autonomy. I’m not going to try to convince you that you don’t need someone breathing down your own personal throat to stay focused at work.

  99. The Great Pumpkin says:

    Now throw the avg slacker into a WFH model, and see how they take advantage at your company’s expense. Kiss your company goodbye.

  100. 3b says:

    Majority of workers suck has to be the most arrogant, obnoxious, and ignorant comments I have ever seen on this blog.

  101. The Great Pumpkin says:

    You know how many people steal from their company? You are right, though, they are such good hardworking people. Get rid of management, who needs that when everyone does what they are supposed to do.

    Wake the f up, dude.

    3b says:
    February 10, 2021 at 3:05 pm
    Majority of workers suck has to be the most arrogant, obnoxious, and ignorant comments I have ever seen on this blog.

  102. The Great Pumpkin says:

    Due to so much bullishness, Treasury bonds have been selling off. As a result, the 10-year bond yield is almost at 1.2%, up from 0.51% last August.

    I predicted the 10-year bond yield to average 1.25% for the year. Therefore, if my prediction comes true, this means there’s still a ways to go for the 10-year.

    Check out the 10-year bond yield chart below.

    A rising 10-year yield and a steepening yield curve are good signs for future economic growth. However, a rising 10-year also taps the breaks on economic growth because it results in higher borrowing costs.

    With the way the recovery is going, the 10-year bond yield could go back to 1.5% before summer. 1.5% is the level where I think the stock market and real estate market may start getting concerned. Beware.

    Further, in normal times, mortgage rates are highly correlated with the 10-year bond yield. The one thing you can do now is refinance your mortgage rate before mortgage rates start going back up. Because surprisingly, they haven’t yet.

    If you believe, like I believe, there will be a 25%+ S&P 500 earnings rebound in 2021, the chances are high (~75%) mortgage rates will continue to inch up.

    The Fed Is Stuck

    So far, 80%+ of companies in the S&P 500 have beat analyst’s 4Q2020 earnings expectations. Therefore, the pressure is on the upside to raise earnings expectations. The better the earnings, the greater the chance the stock market keeps going up.

    The Fed is in a bind. Last August, it had publicly promised to keep the Fed Funds Rate (FFR) at 0% – 0.25% for longer than normal. The Fed said it was happy to let inflation run higher than its 2% target rate for longer to ensure we get out of this economic mess.

    At the same time, the Fed is also seeing stocks and real estate reach new highs. Further, speculative investments like Bitcoin and pot stocks are now going ballistic. There’s clearly a lot of froth in the markets, which is why I’m on a mission to raise cash (my early 2021 review) for the next three months.

    In normal economic cycles, the Fed would likely start publicly addressing such exuberances to try and deflate the bubbles. With moral suasion, the Fed could then more easily start raising rates without shocking the markets. However, if the Fed announces a tapering now, stocks will surely sell off.

    With expectations set for low interest rates for longer, the Fed has no choice but to stay the course and let risk assets continue to inflate. Therefore, investors should probably also stay the course while also expecting another 5-10% correction at some unknown time.

    Mortgage Market Anomaly

    You saw the 10-year bond yield chart above. Now look at the latest average mortgage rates from Freddie Mac’s Primary Mortgage Market Survey.

    Notice how all three types of mortgages continue to head south since the 10-year yield bottom in August 2020. The directions are opposite! This squeezing of a lender’s profit margins is unsustainable. After all, banks need to make money too.

    Although the 5/1 ARM is behaving more rationally (not falling as much), the 15-year fixed and 30-year fixed rate mortgages are not. In normal times, the average rate for a 5/1 ARM is much lower than the average rate for a 30-year fixed due to the time value of money.

    Therefore, as a consumer, you should take advantage of refinancing into or getting a 30-year fixed or 15-year fixed mortgage. I’m confident these mortgage rates will start going back up over the next three months if the stock market stays elevated.

    You can check the latest mortgage rates with Credible, my favorite mortgage marketplace. Multiple lenders will compete for your business and offer you no-obligation quotes. Also check in with your existing lender.

    I spoke to my existing lender at a mega bank and he said banks are still competing aggressively for mortgage business at the expense of profit margins. However, he also said they are slowly getting less competitive on refinancing and focusing more on purchase loans now.

    The window on getting the lowest mortgage rates is closing. But at least we’re making nice returns on almost everything else!

    Regards,

    Sam – Financial freedom sooner, rather than later.

  103. Fast Eddie says:

    Had total knee replacement surgery today. Currently in recovery in my hospital room. I could be discharged tonight.

  104. The Great Pumpkin says:

    REAL ESTATE
    Good morning. Warehouses catering to online retailers have been one of the hottest sectors in real estate for some time now. Long enough that at least one big city is starting to show signs of a warehouse glut. In Houston, a construction surge is driving vacancies up and rents down, reports Peter Grant. About 8.5 million square feet of new space for warehouses, distribution hubs and fulfillment centers was delivered in the fourth quarter of last year alone. “Houston would be the concern on supply at this point,” Prologis chief investment officer Eugene Reilly said on an earnings call late last year.

    A different type of warning signal is flashing in the coworking world, where Knotel became the industry’s biggest victim yet when it filed for Chapter-11 bankruptcy last month. Many firms are now rethinking — or were already moving away from — the industry’s original premise of leasing tons of office space and then subletting it out for a profit, writes Konrad Putzier. During the pandemic, many coworking companies have found themselves on the hook for long leases and few sublease takers. Now they are engaging in revenue-sharing agreements with landlords instead. “You will be making more money on the space, if you’re doing a lease deal, when times are good,” said Shlomo Silber, chead of Bond Collective. “When times are bad, you’ll really get hurt.” His firm recently signed its first revenue-sharing agreement.

    But in England, real estate is finally looking up. Despite another national lockdown as the U.K. battles a more contagious strain of the coronavirus, property analysts forecast real estate investment in the country to grow by 30% or more this year over last year, writes Ruth Bloomfield. The U.K.’s “settled new relationship” with Europe, post-Brexit, plus low interest rates, will drive the new investment, said CBRE’s Miles Gibson.

  105. The Great Pumpkin says:

    Good Morning CIOs. Tech companies last year were among the earliest to tell their employees to work from home. As they prepare for the return of office-based work, some are redefining ideas around the workplace. The WSJ’s Katherine Bindley talked with Salesforce.com Inc.’s Chief People Officer Brent Hyder about how the company plans to manage their workforce after Covid-19 recedes.

    Hybrid. Salesforce expects more than 65% of its workforce of some 54,000 global employees to come into the office only one to three days a week in the future, up from 40% before the pandemic. Additional employees would remain fully remote.

    Office revamp. Office layouts are being updated to increase collaboration space, Mr. Hyder said. Goodbye, sea of desks. Mock-ups feature cafe-style seating, open-air conference areas and private nooks, with an emphasis on social distancing.

  106. 3b says:

    Fast : Glad you got it out of the way. Good luck with the PT.

  107. Hold my beer says:

    Fast

    Wow. Hope all goes well in your recovery.

  108. Libturd says:

    Stop blowing people.

    Feel better.

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  110. Hold my beer says:

    I got my two shipments of k94 masks in the mail this week. Will start trying them out.

    Ordered them from links off that youtube guy who tests them. Aaron Collins I think is his name.

    1 place you can do a mix lot of 10 so I ordered two of each of 5 different ones

    The other place I ordered LG airwashers in two different colors.

    One of our cats keeps stealing masks if they are left out. The k94 are supposed to be almost as good as n95 and were only about $2.50 each. Won’t be as annoying if the cat steals and hides them. One of the places runs sales sometimes where you an get 100 for $100. If we find one we like and it goes on sale like that will order

  111. Phoenix says:

    Fast,
    You get Zimmer parts?

  112. Fabius Maximus says:

    “Peterson’s matter-of-fact response to patent nonsense”

    No just more lies from him. I only watched a few minutes. Its nice to see that UK journalists are still pushing the followups.

    At 23:23 after trying to deflect that he has never been asked by a student he clearly says, “I would call her she” which goes against everything he has said in the years before and continues to say in the years after.

  113. leftwing says:

    “Majority of workers suck has to be the most arrogant, obnoxious, and ignorant comments I have ever seen on this blog.”

    Coming from the person who has never had a real corporate job no less, let alone a corporate career….

    He’s of his meds, look at the volume he’s puking up this afternoon.

  114. Fast Eddie says:

    Mako technology. They’re discharging me tonight. Phoenix, I think Stryker software?

  115. Bystander says:

    Get well Ed. Some painkillers, weed, a few beers and you will feel no pain. Some soul refreshing music Afro-jazz, like Fela Kuti. One cool performer..

    https://www.youtube.com/watch?v=kr8oRpA2SpE

  116. leftwing says:

    “Had total knee replacement surgery today. Currently in recovery in my hospital room. I could be discharged tonight.”

    Good luck brother, wishes for a quick recovery.

    Listen to your doc/PT on the exercises working the joint, especially early on. May hurt like hell but worth it long term.

  117. Libturd says:

    Good timing. You could watch the circus in DC.

  118. Fabius Maximus says:

    BRT,

    “they can’t use the default “get offended” reaction ”

    Yet he uses it himself with the Aren’t you insulting me by asking the question.

  119. Fabius Maximus says:

    “The machine operators and their supervisors are all still working (at work), albeit in masks and following strict anti spread protocols.”

    What I am seeing is a big move in plant diversity. If there is a localized shutdown, shift processing to Secondary and Tertiary sites. While its a great move overall and one that should have happened years ago. But there is a downside. For Capacity planning you are now looking at a major incident cutting 30%+ of your capacity vs the 20% localized, you would usually plan for.

    We live in a new world, some people may not recognize that yet.

  120. Fabius Maximus says:

    Get well soon Gary. You need to get back on your foot and back to work to pay those medical bills.

    No Soc1alized medicine for you!

  121. Very Stable Genius says:

    At your age knees don’t heal correctly and require permanent pain killers.

  122. Fabius Maximus says:

    “professional athletes are so well known for their prudent LT financial management”

    Who could forget the greatest, Woooo!
    https://tinyurl.com/3jmnqynn

  123. Phoenix says:

    Mako robot. Heard it’s good. I’m familiar with Think and Rosa. Have many friends who work for Stryker and use their other products, great stuff as well. Follow your doc’s instructions to the letter and you should be up and around in no time.

  124. 3b says:

    Very I know lots of people who have had knee surgery and are just fine. Huge quality of life improvement. The key is to do the PT and keep the weight off.

  125. Fast Eddie says:

    Libturd, lol. Blowing people. Lol. Thanks all. Yeah, mako shit is incredible. I’m home, pain is intense. Stable genius, I’m only 34 years old. :) my foot is still completely numb from the epidural. Glad this phase is over.

  126. 3b says:

    Fast: Come on Man ! We know you are older than 34!!

  127. 3b says:

    Fast: Also make sure you stay ahead of the pain, and take the pain meds.

  128. Juice Box says:

    Get well Eddie! No kicking Liberal Asses for a while!

  129. The Great Pumpkin says:

    You are thinking of the highly paid office worker. They are overachievers. I’m talking about the avg office worker…go give the series “The Office” a laugh for what I’m talking about. They didn’t make that series for no reason.

    You think the series

    leftwing says:
    February 10, 2021 at 6:24 pm
    “Majority of workers suck has to be the most arrogant, obnoxious, and ignorant comments I have ever seen on this blog.”

    Coming from the person who has never had a real corporate job no less, let alone a corporate career….

    He’s of his meds, look at the volume he’s puking up this afternoon.

  130. joyce says:

    Peterson: Because in order to be able to think, you have to risk being offensive. I mean, look at the conversation we’re having right now. You’re certainly willing to risk offending me in the pursuit of truth. Why should you have the right to do that? It’s been rather uncomfortable.

    Newman: Well, I’m very glad I put you on this part…

    Peterson: You get my point. You’re doing what you should do, which is digging a bit to see what the hell is going on. And that is what you should do. But you’re exercising your freedom of speech to certainly risk offending me, and that’s fine. More power to you, as far as I’m concerned.

    Fabius Maximus says:
    February 10, 2021 at 6:44 pm
    BRT,

    “they can’t use the default “get offended” reaction ”

    Yet he uses it himself with the Aren’t you insulting me by asking the question.

  131. The Great Pumpkin says:

    Meds? Lol

    I’m sorry I’m passionate.

    People listened to my investment advice on this blog over the years, they made a lot of money. My ark fund strategy is up 20% over one month. So hate all you want.

  132. joyce says:

    Fabius,
    Per usual, you’re wrong either accidentally or deliberately… but otherwise, great comment. Thanks

  133. joyce says:

    3b,
    It was meant as nothing more than an insult. Ignore it.

    3b says:
    February 10, 2021 at 7:16 pm
    Very I know lots of people who have had knee surgery and are just fine. Huge quality of life improvement. The key is to do the PT and keep the weight off.

  134. The Great Pumpkin says:

    I might just cash it out and build a cash arsenal for the coming correction. Will see. My problem, when everyone and their mother is calling for a correction, I’m following the herd. The markets can act irrational for longer than you can remain solvent. This might just keep running.

    Timing a market is a fool’s game, but hard to ignore the charts and quick money.

  135. The Great Pumpkin says:

    I think they are preparing for a pump in NHMD soon. Manipulating the stock charts for the technical peeps. All they need now is the story for the pump. Gotta love the OTC…lol

  136. 3b says:

    Joyce:You are right. The guy has surgery and someone can’t have a little compassion.

  137. chicagofinance says:

    Fast Eddie: good luck…. I know someone who had the surgery 12 years ago and last year to the other knee. He said the leap in technology is tremendous. Go at the PT hard…. the first few weeks are rough.

  138. Fabius Maximus says:

    Joyce,.

    Because in order to be able to think, you have to risk being offensive.
    [No, when you share the results of what concluded from your thinking, that’s when the issue starts.]
    I mean, look at the conversation we’re having right now. You’re certainly willing to risk offending me in the pursuit of truth.
    [I’m taking offense at being asked about what I said?]
    Why should you have the right to do that?
    [Because you voluntarily agreed to the interview and the questions are no surprise]

    But you’re exercising your freedom of speech
    [There is no first amendment here. She can ask whatever she wants, its not a freedom of speech issue for her. If her employer interjected and censored what she could ask him that would be a different discussion]
    to certainly risk offending me, and that’s fine.
    [Again, if you don’t like being questioned on what you say or said, don’t transform it from thought to voice]

  139. grim says:

    Wow CDC drops a bombshell. Vaccinated? No need to travel quarantine, or quarantine if exposed.

  140. grim says:

    Jeez – finally clear to close on the refi. This is taking foreeeever. If I didn’t know better, I’d think they were trying to blow the lock

  141. chicagofinance says:

    RIP Larry Flynt

  142. joyce says:

    Fabius,
    How are you so stupid? He brought up uncomfortable/offensive in a rhetorical manner in an attempt to demonstrate hypocrisy. The interviewer was temporarily flustered.

  143. BRT says:

    Wow CDC drops a bombshell. Vaccinated? No need to travel quarantine, or quarantine if exposed.

    What about recovered from infection?

  144. BRT says:

    I got my two shipments of k94 masks in the mail this week. Will start trying them out.

    Ordered them from links off that youtube guy who tests them. Aaron Collins I think is his name.

    1 place you can do a mix lot of 10 so I ordered two of each of 5 different ones

    The other place I ordered LG airwashers in two different colors.

    One of our cats keeps stealing masks if they are left out. The k94 are supposed to be almost as good as n95 and were only about $2.50 each. Won’t be as annoying if the cat steals and hides them. One of the places runs sales sometimes where you an get 100 for $100. If we find one we like and it goes on sale like that will order

    I’ve been using the KF94 for the past 2 months. I do a demo where I smash to metal spheres together on a notecard and it burns a hole in it. You don’t smell anything through that mask. I did through the KN95. Also, might be of interest to some people, but at Home Depot last night, in the entrance, they were selling actual N95s, 40 packs for 80 bucks. Instead of gaslighting and telling people to wear two masks, they should just encourage them to wear one that actually works.

  145. Libturd says:

    Or just stay away from people. Mainly those without masks.

  146. Juice Box says:

    re: “Wow CDC drops a bombshell”

    Yeah that is so they can all go on spring break. The rest of us have to stay home.

  147. Fabius Maximus says:

    Grim,

    Does that cover those that are not vaccinated, but have antibodies from exposure?

  148. Fabius Maximus says:

    Stupid, really? Big whatever.

    He brought up uncomfortable/offensive to try and go for a False Equivalence to deflect. He cant claim it as he has a choice to pick the interviews he takes and who asks the questions. The student doesn’t get the same choice to pick a professor that will accommodate them in class.

    The interviewer “you got me” was more to I need a second here to review that verbal spaghetti you just dumped out in your last answer that goes against what you have held to previously. She called out the lie and he was back peddling. BRT made a great point he is walking through his mind maze like Brady checking down options for the escape route.

    What’s funny is that you are usually the first to call out False Equivalence. Guess not in this case.

  149. Fabius Maximus says:

    Yea go Biden.

    https://twitter.com/NatashaBertrand/status/1359694183943053317
    “Biden confronts China’s Xi in first call, raising issues of China’s “coercive and unfair economic practices, crackdown in Hong Kong, human rights abuses in Xinjiang and increasingly assertive actions in the region, including toward Taiwan””

  150. 3b says:

    And Biden is keeping the Trump China tariffs at least for now.

  151. Phoenix says:

    Chi, missed your post from earlier:
    “From 3 years ago….. I can’t get over Peterson’s matter-of-fact response to patent nonsense….. he is so measured and sharp.”

    He put her in her place. Her use of a logical fallacy is what tripped her up. The old straw man argument. Not surprised that he cracked for a short period of time- happens sometimes.

  152. The Great Pumpkin says:

    Earlier this week, Morgan Stanley’s Michael Wilson told CNBC during an interview that “It was brief, so if you blinked you missed it,” referring to the pullback in stocks in late January.

    “That looks like that was it for now, and I mean, the markets are quite powerful at the moment, and they have been,” Wilson said.
    “There’s tremendous liquidity, there’s a very good and very understandable story behind the scenes. Meaning, we’ve got a strong economic recovery that’s visible to everyone. The earnings season’s been good so far…and people have bought into it,” the Morgan Stanley analyst said.
    He cautioned, however, that the market remains in a “a bit of a fragile state,” and warned that leverage swirling in the system could make pullbacks of 3% or 5% more of the norm.
    Wilson did say, however, that the re-emergence of individual investors in financial markets would be a force to be reckoned with, and that they currently represent the marginal buyer on Wall Street keeping asset prices buoyant.
    Keith Lerner, chief market strategist at Truist Advisory Services, said that concerns of a stock bubble are overdone and not supported by the current batch of fourth-quarter earnings results, which his firm estimates will be the best since the 2008 financial crisis.

    “Although there are frothy segments of the market that are detached from fundamentals, we do not see bubble conditions more broadly,” Lerner wrote in a research report dated Tuesday.
    “Instead, we see a stock market that is trading at a premium to historical valuations—partly justified by low rates, a shift in sector composition toward higher-valued growth sectors, supportive monetary and fiscal policy, as well as cheaper access to markets (i.e., secular decline in commissions and fund fees),” the Truist analysts added, noting that a lower barrier to entry for individual investors also was providing support for stock values.

  153. Phoenix says:

    “And Biden is keeping the Trump China tariffs at least for now.”

    Time for Covid-21

  154. Phoenix says:

    Eddie,
    Did you get a patella as well or did they leave part of you as original? Don’t do them as much as we used to. And if they gave you a gender knee I hope they put in the right one 😂😂😂

  155. Fast Eddie says:

    chicagofinance,

    Thank you. Yes, I hear the PT is hard but I’ll get through it. I’ve heard the same as you’ve mentioned from everyone associated with the surgery.

  156. Fast Eddie says:

    Phoenix,

    I don’t even know if the patella was altered. I simply read that it’s pushed to the side during the surgery. Omg, can’t say it again, the pain is intense and my foot is still numb from the epidural. I was going to crack a joke in the OR before the surgery about not getting a sex change or any “…ectomy” but thought otherwise.

  157. Phoenix says:

    Well, with the epi you were awake for the whole thing, just sedated. No one minds jokes, in fact, its a good thing-makes you memorable. Better attitude works well all the way around.
    Yeah, take those meds. Don’t listen to anyone who tells you that you will become an addict. Hear that all of the time. Thanks to a few a holes in the world it’s become nearly impossible to prescribe pain meds anymore.
    Hell if I ever get cancer I will get my meds from a dealer in Paterson.

  158. Phoenix says:

    Sometimes a patellar implant is used as well. All depends on how crappy the original is. Cemented in with the same cement, methyl methacrylate. Nasty smelling stuff. We pull a vacuum on it when mixing it, takes out the air, and some of the smell. Hardens quickly in warm rooms so the O.R. is kept cold in rooms using cement for that and other reasons.

  159. Phoenix says:

    Eddie
    Gender knee thing was not a joke, but not sure if Stryker does gender knees. Google the term Q angle.

    No it won’t make you sing soprano…

  160. Phoenix says:

    Eddie,
    Specifically, Q angle in women.

    Don’t get too exited. But yes, it is something that does excite men even though they don’t know why. It’s subliminal.

  161. The Great Pumpkin says:

    What is the av­er­age in­vestor to make of all this? When stocks shift by hun­dreds of per­cent­age points in a day, there’s only so much the gov­ern­ment can do to pro­tect you. In­stead, in­vestors should look past the tweets and Red­dit posts and get back to fun­da­men­tals.

    Yes, even bit­coin has fun­da­men­tals. There are two sto­ries you can tell about Mr. Musk’s pro­mo­tion of bit­coin. The first is a cyn­i­cal one, in which he is us­ing his me­dia plat­form to pump an in­her­ently spec­u­la­tive as­set that he will dump, en­rich­ing him­self at oth­ers’ ex­pense.

    The sec­ond story is hon­or­able: Mr. Musk has keyed in on bit­coin’s value as an as­set that can’t be ma­nip­u­lated by cen­tral banks. He un­der­stands bit­coin’s fixed sup­ply, and in a world of seem­ingly un­lim­ited mon­e­tary stim­u­lus he’d like to pro­mote the sep­a­ra­tion of money and state. The value of all money, even tra­di­tional cur­ren­cies, is de­ter­mined in part by pub­lic de­mand, and Mr. Musk’s dri­ving up bit­coin’s price is no scan­dal in it­self. Per­haps that’s what he meant when he tweeted, “Bit­coin is al­most as bs as fiat money.”

    https://www.wsj.com/articles/can-you-get-rich-with-bitcoin-sure-but-slowly-11612980337?st=n1kuxreqt4hsrir&reflink=article_copyURL_share

  162. joyce says:

    Fabius,
    Why in your added commentary did you end it at “and that’s fine.” when in the very next breath he says “More power to you, as far as I’m concerned.”

    He’s clearly saying he does not have any issue with the line of questioning. No one has a right to not be offended (my comment, not his).

    This is just like you’re criticism of certain things in which there is plenty of content to choose but you choose to make up more because of your inherent bias or partisan nature. Peterson has much more of a “right-wing” bent since he got a little fame. He probably always was that way. It does not change the fact that what he said in the interview is true. When the Tax Foundation says 2+2 = 4, they are correct.

  163. Fast Eddie says:

    Phoenix,

    The OR was cold but they put a warmed blanket on me. And no, I wasn’t sedated, I was totally out! I woke up in post op and didn’t remember a thing.

  164. Phoenix says:

    Well, you were not intubated, were you? Sedated you can be so far out there you won’t remember a damn thing.
    Having the tube down your throat brings it to a different level. But you may have been there too. Either way, you are back here with us and that is awesome.

  165. Fast Eddie says:

    Phoenix,

    Thank you. I don’t know if they stuck a tube down my throat. All I know is they sawed bone and I didn’t have a clue. If I find out any further info, I’ll let you know.

  166. Phoenix says:

    Warmed blanket is called Bair Hugger.

  167. Fast Eddie says:

    Phoenix,

    I was in awe of the amount of machinery inside the OR. I’m truly impressed by everyone that is in the field of medicine. I think you mentioned your specific role but I forgot. I remember “Still Looking” who used to post here is an ER doctor.

    And, the amount of meds and supplements I need to take pre-op and now post-op is crazy. The instructions to follow pre-op and post-op is insane, too.

  168. No One says:

    Get well soon Fast Eddie!

  169. Phoenix says:

    Yup, they sawed bone all right. It’s like woodworking. Oscillating saws, recip saws, etc. A smidge of glue, bang on some implants, confirm the final spacer size (usually around 10mm) and it’s done.

    Now it’s up to you to do the hard work so that you don’t get a contracture. You don’t come off as a slouch so you should be fine. PT girls are usually cute so that might be a bit of an incentive-but don’t underestimate them-they will smack you into shape. Expect to fall for them-women that are both attractive, kind and work at helping you are a turn on- but not in the “dirty” way. If you don’t get it you will after being there. You will learn to love them. Be very careful:-)

  170. Phoenix says:

    Eddie, you can PM me if you need to ask me anything. Lib has my info.

  171. Fast Eddie says:

    No One, thank you.

    Phoenix, I believe the machine used to saw the bone is driven by the MAKO software. In my initial visit with the surgeon, I remember him telling me he couldn’t guide the saw anymore than what it was programmed to do based on my personal CT scan.

  172. Fast Eddie says:

    Cool, I’ll text Lib for your number if I have any questions.

  173. Phoenix says:

    Grim does as well I believe. Just glad to hear you are doing well. I know what you are up against, but everyone I know is happy that they had it done when they are in bad pain. I don’t know your story, but one rule works for everyone who this applies to:

    Lose weight if you need to.

    Every pound overweight is equal to 4 lbs on your knees. Losing weight will help your joints.

    Now Eddie, not necessarily for you, don’t get insulted, I don’t know your weight. Some it’s injuries, or Rheumatoid, or birth defects, or careers. Now when I hear women say don’t go to college, get a “trade” they don’t talk about other women, but men. If you have a trade and lose your physical ability, you damn well better have something in your brain that can make up for your lack of brawn. It’s not about “grow a pair, man up.” Sometimes you can’t overcome things physically.

    Leftwing, Fast Eddie, Lib, and so many others could do their jobs from a wheelchair. Many female careers the same. Just something to keep in the back of your mind when all your eggs are in the “physical career” Easter basket. Life can throw you a loop at any moment. I see it every day.

  174. Chicago says:

    Joyce: isn’t it fascinating to see FabMax in action. If I wasn’t so convinced he was a troll, I would wonder how it is possible to be so hopelessly corrupted in perceiving the obvious.

  175. Phoenix says:

    Yeah, Mako is a guidance type system I believe. But the two we work with the surgeon still has latitude to make adjustments as they see fit. I’m sure the Mako is similar. It’s guidance-but ultimately surgeon control.

  176. Fast Eddie says:

    Phoenix,

    I work behind a laptop all day long (white collar job) and I’m probably thinner now than I was in high school. What I mean is that I was working out 4 to 5 times per week for years. :) I do appreciate your input and advice. Theoretically, I can work tomorrow but I took a few days off. More tomorrow, I’m gonna try to sleep.

  177. Juice box says:

    Phoenix- you are a credit to your profession, now only if we can find a woman that can
    Make you whole. They do exist ya know….

  178. Fabius Maximus says:

    Because “More power to you, as far as I’m concerned” adds nothing to the argument that he is reaching for a false equivalence. What it does say is that he is acknowledging that he is in a fight and as Phoenix points out is sort of losing on this one. “I would call her she” reinforces that. Having to reach for that to stop the line of questioning given what he had said in the past and continues to this day, show how deep he had to reach. He was not in Kansas anymore getting softballs lobbed by Fox Hosts. Would be interested to see if he ever went back in the past three years.
    I will give him this, he handled it well. He was like a duck, calm on top, but furious activity under the scenes.
    So let’s handle “your inherent bias or partisan nature”, Little Ms. Neutral! (Yes, I see what I did there!). Peterson always claims, “Oh Yes, right are as bad as left”. Never seems to lead with right. Everything starts with a judgement to the left. That is not as part of his “little Fame”. Find me one where he starts with the right.
    “When the Tax Foundation says 2+2 = 4,” I will always call out the Tax Foundation any time it’s posted. It is bought and paid for by Koch. Even Eddie Ray stopped quoting them when I pointed them out. The post from last week was a Twofer, he author was Tax Foundation and ex-ALEC. I will always question the bias of a quote.
    “But Fab, why don’t you call out those Left Leaning Think Tanks?” Don’t see too many people posting those talking points in here.

  179. Fabius Maximus says:

    Chi,

    Again with your semi-public persona in here.
    The desire to get back to AC for BlackJack and Craps? is coming across a little Jordan Belfort?

  180. Phoenix says:

    Thanks Juice,
    You guys are too. It’s rough all around. And yeah, plenty of nice one’s where I work, but you know the rule.
    Not playing that game. Work crazy hours, have child on days off and she is a priority.

    Learned so much on this forum from everyone. Some things I can’t decode, however. Comes with the territory.

    I wish all on here the best, even if we don’t agree on everything or anything. Doesn’t matter. Doesn’t have to. There is only one person on the whole planet I truly despise and they don’t reside on here. And up until a few years ago there was no one that fit that description. But no going back on that one now, it’s permanent.

  181. Fabius Maximus says:

    “If you have a trade and lose your physical ability” One of the biggest issues in this county.
    A panel beater in the auto repair shop whose hands are beat. Can’t hold the hammer let alone use the skill for the repair.
    This is where the union kicks in. Is there abuse in the system? Yes
    Does the abuse negate the fact that we need this coverage? NO

  182. joyce says:

    This interview was years ago. It is surprising that some basic points are still up for debate – not surprising said debate is coming from you.

    It was a horrible interview from the perspective of the interviewer. Did you not hear how many times she said, “So, what you’re saying is…” and what followed was a distortion of what he said?

    I know you have trouble formulating independent thoughts, as evidenced by your commentary, so here is an article regarding that: https://www.theatlantic.com/politics/archive/2018/01/putting-monsterpaint-onjordan-peterson/550859/

    It is factually incorrect to say he was using the “get offended” reaction. If you’re unable to understand rhetorical devices, that is your problem.

    I don’t know what kind of insult Little Ms. Neutral is supposed to be but if it’s directed to me than okay… thanks, I guess. As far as what you ramble on about Peterson, I’ve already stated he is a right-wing person trying to masquerade as neutral.

    “When the Tax Foundation says 2+2 = 4,” I will always call out the Tax Foundation any time it’s posted. It is bought and paid for by Koch.

    Yup, another demonstration of your ignorance.

  183. Hold my beer says:

    It’s going down to 5 here Sunday night. It rarely goes below freezing, when it does its in the high 20s for a day or so. Schools in the area have closed for today due to iced roads.

  184. grim says:

    Always enjoyable to listen to Jordan Peterson.

  185. The Great Pumpkin says:

    From Dow Jones Newswires

    The long-term scars from the Covid-19 pandemic to the eurozone’s economy should be less severe and more evenly distributed that those suffered after the global financial crisis, economists from Morgan Stanley say. Although the initial hit to output is larger, the recession isn’t projected to last as long, they say. Secondly, the pandemic has mainly hit sectors such as tourism, hotels and restaurants. These are not sectors where long spells of unemployment cause the kind of skills loss that a hit to manufacturing or the information-technology sector would cause, they say. What’s more, the current exceptionally strong and early policy response, in particular the complete absence of austerity as a central policy dogma, will be crucial to low pandemic scarring, Morgan Stanley says.

  186. The Great Pumpkin says:

    Phoenix,

    You are genuine good dude. Shame you were dealt such a bad hand with the ex. Her loss, big time. Can’t stress that enough.

  187. The Great Pumpkin says:

    Hold,

    Watch for freezing pipes. Plumbers going to make some money in Texas.

  188. BRT says:

    Get well Eddie.

  189. Fast Eddie says:

    Thank you, BRT. :)

  190. Louis Winthorpe III says:

    First day of CVS vaccine signups for NJ. Checked CVS website at 8AM. Out of 26 stores in NJ, only one not fully booked (Union City). Try and get into website to book, put on hold – site busy. While on hold I check in another browser and all sites now fully booked (8:07AM). Probably easier to get a Sony Playstation 5 than a vaccine shot.

  191. Hold my beer says:

    Pumps

    Thanks for the reminder. Already have the sinks dripping and ordered winter covers for the outdoor faucet and a back flow cover and I have set the heat up at night. I don’t think anyone gets their sprinkler system blown out . When we first moved here I called a few places and was told “you must be from the north we don’t do that here. It doesn’t get cold enough”. Well a week of 32 or colder temperatures and a few days hitting 5 and 12 could be a banner spring for sprinkler companies.

  192. Hold my beer says:

    Pumps

    Greenspan would be happy with all the broken pipes. He would view it as economic stimulus.

  193. Libturd says:

    “Eddie,
    Specifically, Q angle in women.”

    I’m pretty sure he went for the binary knee replacement. You know, the Q Anon model.

    And it goes without saying, but if you need anything whatsoever, let me know.

    The Achilles tendon repair I had at 40 sounds awfully similar. I had the Epidural too and they gave me all kinds of drugs. I slept through the entire thing. They couldn’t believe it. Post surgery, after the Epi wore off and before I took my Oxy, the pain was outrageous. I took Oxy for three days, and couldn’t sh1t. Decided a little pain would be better than trying to pinch a yule log. Was fine, until PT started. Three days a week for a year. Never felt better and my tendon is as good as new. Actually they claim my other one will go before the one they reglued to the back of my ankle.

  194. Fabius Maximus says:

    Grim,

    I thought you Rugged Individualists didn’t subscribe to Self-Help gurus. Saint Ronnie would be very disappointed.

  195. Fabius Maximus says:

    Joyce,

    “Newman: I’m listening very carefully, and I’m hearing you basically saying that women need to just accept that they’re never going to make it on equal terms—equal outcomes is how you defined it.

    Peterson: No, I didn’t say that.”

    Here is the issue. He did say it. In fact equal outcomes is the cornerstone of his whole shtick.

  196. Chicago says:

    You are just the oddest little man. But a HOF troll.

    Fabius Maximus says:
    February 11, 2021 at 12:15 am
    Chi,

    Again with your semi-public persona in here.
    The desire to get back to AC for BlackJack and Craps? is coming across a little Jordan Belfort?

  197. The Great Pumpkin says:

    The medical field keeps improving. A lot of injuries in sports that used to end careers have come a long way.

  198. The Great Pumpkin says:

    Hold,

    Those sprinkler companies are going to have a field day. Greenspan would be proud. lol

  199. The Great Pumpkin says:

    Too Hot to Handle?
    Inflation looks almost certain to rise in the months ahead, and maybe by a lot. That will fuel a debate over whether the large amount of Covid-19 relief coming out of Washington adds up to more than the economy can safely handle. What the debate might hinge on is the answer to one question: How long will higher inflation persist? To take one small example, even though people still aren’t driving as much as they were before the pandemic, gasoline prices have recovered to the point that they are now about even with a year ago. Now imagine what gasoline prices could be like in the summer driving season if, after a year of being starved of travel, people believe the pandemic is in retreat, and additionally have cash to spare. The same dynamic could also be in play for a lot of other areas of spending, particularly in services categories, Justin Lahart writes.

    But even if inflation jumps as the pandemic eases, it might not remain elevated for long. Going out to eat every night or springing for an expensive vacation might seem like a fine thing to do in the early stages of any return to normal, but that feeling probably wouldn’t last. At least at first, the Fed in particular might view any increase in inflation as temporary—especially if the job market has yet to recover—and keep policy easy.

  200. The Great Pumpkin says:

    Low Rates as Far as the Eye Can See
    The Federal Reserve will continue bolstering the U.S. economy through low interest rates and hefty asset purchases, Chairman Jerome Powell said Wednesday, stressing that the labor market remains stunted by the pandemic. The Fed chief also repeated his call for more fiscal assistance for the economy, saying that monetary policy alone won’t be enough to restore the labor market to full strength, Paul Kiernan reports.

    Mr. Powell on fiscal and monetary policy: “Workers and households who struggle to find their place in the post-pandemic economy are likely to need continued support.”
    On inflation: “Inflation dynamics will evolve, but it’s hard to make the case why they would evolve very suddenly.”
    On the labor market: “Published unemployment rates during Covid have dramatically understated the deterioration in the labor market.”

  201. BidenIsTheGOAT says:

    Latest impeachment hoax fully underway. Once this fails, the final tally will be

    Trump-35644
    Resistance-1(stolen election)

  202. The Great Pumpkin says:

    Exactly what I said yesterday. 3b, still going to bust my balls and treat me like a child?

    “Remote work is leading to a crisis in trust. But monitoring is not the answer. (Harvard Business Review.”

    https://hbr.org/2021/02/wfh-is-corroding-our-trust-in-each-other?mod=djemCIO

  203. The Great Pumpkin says:

    Why the Crisis of Trust Now?

    Companies have experimented with work-from-home policies for years, so what’s new now? First, remote work is now widespread. Companies previously allowed select employees to work from home, either because those specific employees were highly trusted or because their work allowed managers to measure their output and hold them accountable. Now everyone is at home, regardless of past performance level or job.

    Second, when stay-at-home mandates hit around the globe, people were involuntarily thrust into remote work — often without the equipment, training, or desire to do it. Whereas before, employees may have opted to work remotely, many are now struggling to focus at home thanks to increased familial responsibilities or because other members of their household are also working from home.

    Third, uncertainty about the economy and job stability breeds anxiety, which tends to prompt a go-it-alone mode of working among employees and a general wariness of others.

    Finally, employees’ WFH challenges (including technology failures, shifting work norms, and conflicts between work and home responsibilities) make it more likely that they’ll fail to deliver on perceived obligations, leading to a further erosion of trust. Critically, though, the factors reducing this ability to trust are not limited only to the effects of Covid-19, but are tied to ongoing trends in the way we design our work and organizations. Leaders need to address the underlying issues in order to build a sustainable model of trust.

  204. The Great Pumpkin says:

    Over the past two decades, the moves toward remote working and dynamically shifting teams has made this information harder to come by. Less face-to-face time means that we have less opportunity to observe, for example, that a teammate consistently brings along prepared notes and diagrams to enhance the conversation. We also have fewer shared sidebar conversations that build rapport and interpersonal trust, and we lack situational cues — like the leftover pizza boxes as evidence colleagues pulled an all-nighter — to understand others’ efforts and outputs. This makes it difficult to establish trust in others because we don’t have the data we need to know what they’ll do. It also eliminates the steady stream of reinforcing information that helps us maintain existing trust. The isolation of remote working may be tied to lower trust for another reason: we unconsciously interpret a lack of physical contact as a signal of untrustworthiness.

    In virtual work misunderstandings and miscommunications abound. We therefore face a perfect storm of less information on which to establish trust, less reinforcing information to maintain it, and more “trust infractions” to break it. Once trust is lost, it’s very hard to regain. There are a few steps leaders should take — and one they shouldn’t — to bring trust back to theirs and their employees’ relationships.

  205. BRT says:

    For what it’s worth, I suffered through chronic pain the past 20 years. Knees, hips, achilles, back. You name it. I had a lot of trouble even walking up the stairs at age 26.
    Did a lot of PT which did get me back to playing sports in my late 20s. 5 years ago, Tried out DDP yoga after seeing him bring back Jake the Snake. It really does work wonders. It’s made my body much more durable and pliable. It makes you so much more flexible than stretching ever could.

    Every time I roll my ankle, I go back to pain free in about 5 seconds flat. The other day, I slipped on my kid’s toy like a banana peel on the stairs and continued to tumble down the entire flight. Last week, my son left his snowy saucer in the laundry room and again, up in the air and landed on my back. 5 years ago, I’d be on the ground for 10 minutes. Both events, I just sprang right up like it was nothing.

  206. The Great Pumpkin says:

    I mean what can go wrong here?

    I would never ever invest my hard earned money in starting a company in which everyone is WFH. That’s a recipe for failure. You can’t trust people to do the right thing. You can’t.

    It takes face to face experience to develop a position of trust and it doesn’t happen over night. Takes years to build these trusting relationships with which employees you can really trust. How the hell do you figure this out in a WFH environment? You don’t.

  207. Phoenix says:

    “The Achilles tendon repair I had at 40 sounds awfully similar. ”

    This one is common. See this all of the time in older guys trying to play basketball when they are out of shape. (not directed at you.)

    Inside you are braided with Ethibond or Firewire. Non absorbable, not going anywhere. You have a rope in you for life.

    When you take Oxy, or any other strong painkiller, chase it with a stool softener. They used to prescribe this. IDK any more. And if you get a muscle relaxant along with the pain killer, little peristalsis for you, so yeah, turds start backing up.

    Time for some coffee. Mabye a non Oxy Dump.

  208. Phoenix says:

    “When you take Oxy, or any other strong painkiller, chase it with a stool softener.”

    Il’l rephrase this, check with your physician, but this is what they used to do. Make sure that it is okay with them.

    I’m just an internet bot and not to be used for medical advise.

  209. 3b says:

    Salesforce yesterday, more to come as I said, just wait. Why someone who is not and never has been and never will be in corporate America is so hostile against it leads one to wonder, but then one realizes that this individual could be negatively impacted and so demands that all return to the office. Sad and pathetic.

  210. 3b says:

    BRT What is DPP Yoga?

  211. The Great Pumpkin says:

    HBR takes my position, and you are still taking a dump on me.

    Honestly, why do you support WFH so much? I don’t get it.

    Hostile? I just like being correct. I live for debates. In case you haven’t figured that out by now.

    I personally think you support it out of a hate for real estate. In your mind, WFH will somehow lead to lower real estate prices. How? I don’t know. Whether it’s office space or not, it will be used for something.

    3b says:
    February 11, 2021 at 10:48 am
    Salesforce yesterday, more to come as I said, just wait. Why someone who is not and never has been and never will be in corporate America is so hostile against it leads one to wonder, but then one realizes that this individual could be negatively impacted and so demands that all return to the office. Sad and pathetic.

  212. Libturd says:

    I am in the plant today. Been here since 9am, need to leave by noon for meetings all afternoon. The two people I need to meet with obviously see me as low priority. Both strolled in around 10am and are still doing their morning rituals (mostly saying hello to everyone). How is this better? :P

    Didn’t I make the inflation argument about a month ago? Just filled up the car with gas for $2.60/gallon. Ordered Chinese takeout on Tuesday (had too many meetings to cook dinner). Everything went up about a dollar since last time.

  213. grim says:

    Scored 3 sets of appointments this morning on the new CVS vax registration site, covering the older fam.

  214. Phoenix says:

    Because they are human. They miss the people they work with. Not everything has to be about money or efficiency, except to some.

    “Both strolled in around 10am and are still doing their morning rituals (mostly saying hello to everyone). How is this better? :P”

  215. Bystander says:

    Lib,

    Because the Federal Reserve is basically wild west that makes up rules on fly. Great Oz Powell says inflation is tame and unemployment numbers are false. They need to say these things in order to ensure their money printing campaign goes unabated and unchallenged, which it will not. After all, there are “fundamentals” driving asset prices up, not Fed policy. Bankers are making a killing and they could give a sh&t about rest of economy. No raises, crappy bonus and low ball rates for hiring..deal with it everyday.

    “Powell noted that the actual unemployment rate is probably closer to 10% and said the Fed needs to stay focused on its “broad and inclusive” employment goal.”

  216. Phoenix says:

    At trial when you are looking at prison time:

    But your honor, she asked me to change position and then it just…

    https://www.dailymail.co.uk/news/article-9249795/California-state-make-removing-condom-sex-without-consent-illegal.html

  217. joyce says:

    Seriously, what did you listen to or read? It is clearly not the actual interview.

    Fabius Maximus says:
    February 11, 2021 at 9:32 am
    Joyce,

    “Newman: I’m listening very carefully, and I’m hearing you basically saying that women need to just accept that they’re never going to make it on equal terms—equal outcomes is how you defined it.

    Peterson: No, I didn’t say that.”

    Here is the issue. He did say it. In fact equal outcomes is the cornerstone of his whole shtick.

  218. Phoenix says:

    “Bankers are making a killing and they could give a sh&t about rest of economy. No raises, crappy bonus and low ball rates for hiring..deal with it everyday.”

    It’s all about leverage. There is no sympathy. No one cares about you, your sick family, your injured achilles tendon. Get to work.

    Unless you are somebody. Then it’s all good.

    Debt is what makes you a slave. Money sets you free.

  219. Phoenix says:

    Joyce,
    Peterson knows men and women are different, so there is never an “equal” but there is a balance.
    She could not contort that. And Fab, you misconstrued what I posted, Peterson had a mental breakdown. Can happen to anyone.

    He was the winner of the argument. I do not find him biased in any way.

    I look forward to having him back. What he says is correct.

  220. BRT says:

    BRT What is DPP Yoga?

    Diamon Dallas Page, former pro wrestler. Did it to get back in the ring. He put together a program of yoga, pt, and calisthenics, all in one. No meditation or resting. It’s a decent workout.

  221. The Great Pumpkin says:

    I signed up for the Apple bundle. Has their exercise program. Been doing 20 min of HIIT a day and 10 min of core since the start of the new year. I also walk over 10,000 steps a day at the minimum. I started taking meta-mucil (stuff really works on cleaning up the insides and flattening stomach) and I’m getting pretty close to a six pack. Maybe another 2 months and will be there. I’m not on some crazy carrot and grilled ckn eating plan either, I still eat at least one goodie a day.

    The point I’m making. You don’t have to be extreme with it, you just have to be dedicated on a daily basis and you will see results.

    The Apple exercise combined with watch really motivates me. Ton of data and fun activities

  222. Libturd says:

    Oh my god. I heard people mention DPP Yoga before but had no idea what it stood for. I’m gonna wait for JSS flying lessons.

  223. 3b says:

    Pumps: So HBR takes a position and that means they are correct, because they are HBR? And therefore you are correct? You really are a simpleton. I don’t hate real estate. I own a condo, that we may retire to. If not we are weighing other alternatives if you must know. I know that WFH will negatively impact real estate prices, and that is a good thing. I happen to care about the younger generations who I believe have been screwed this last decade plus.

    You have no idea the positive WFH can be once kids are back in school. You have no appreciation for people who have to commute everyday and deal with day care issues.
    You are off in the summer, you are out at 3:00 everyday and your minutes from home.
    And you are selfish!

    You were blabbering in yesterday about creative destruction well WFH is creative destruction grasshopper. And again I will point out that what personal point of reference do you have , for WFH and corporate America? Oh yeah absolutely none!!

    Yesterday you accused most Americans in corporate America as being slackers and lazy. Seriously? How obnoxious and ignorant on your part. You really do need a heavy dose of self-awareness.

    Be honest and admit your hatred of WFH is twofold, one negative impact on your house, and two the primary breadwinner in your family works in corporate real estate. Your sole concern is how it impacts you, everyone else be damned.

  224. 3b says:

    BRT Thanks. I will have to check it out.

  225. BRT says:

    haha. Dude, I hated DDP when I watched pro rasslin in high school. He was so lame.
    Even though he was from Point Pleasant and I lived in the town over. But if you take a look at how he’s rehabbed guys who were barely able to walk back to actually getting in the ring, it’s an awesome program.

    After two months, I was almost at 100% feeling better than I did in my 20s from a muscular-skeletal standpoint.

  226. The Great Pumpkin says:

    How does it drive down prices? Are you seeing massive price drops? If so, where?

    Don’t use SF and NYC either, they are just going through what they have gone through many times before. They peaked hard, and are taking a breather. If you think nyc real estate will be much cheaper in 10 years, you are lost in the woods.

  227. Hold my beer says:

    Massive 75-100 car accident in Fort Worth this morning. Will probably be national news
    At least 5 dead and dozens injured

    https://www.wfaa.com/mobile/article/traffic/multiple-people-trapped-in-pileup-crash-on-northbound-i-35w-in-fort-worth/287-b35e90ca-5b55-4254-8c32-ce6aeefd5800

  228. No One says:

    Phoenix,
    What is California’s opinion on the Dirty Sanchez?
    A hate crime coupled with cultural appropriation?

  229. Bystander says:

    Phoenix,

    Yep, not saying that they should care that much but the game is tilted worse than dorm pinball machine.

  230. 3b says:

    Phoenix: Never heard of stealthing before. What’s the point of it?

  231. Phoenix says:

    What!! No one buying Bumble stock?

  232. Bystander says:

    From FT:

    “The Fed needs to call time on cheap money”

    At the beginning of the week, there was full of life speculation about whether or not the Biden administration’s proposed $1.9tn stimulus plan may unleash inflation — and thus pressure the Fed to rein in its free financial insurance policies quickly.

    Nevertheless, in a speech to the Financial Membership of New York on Wednesday, Powell emphatically dominated this out. As a substitute, he burdened that the Fed wanted to keep up a “patiently accommodative” coverage stance till the economic system hits “full employment” and inflation has been operating above 2 per cent for a while.

    He additionally stated that neither would seem quickly. In plain English, this implies just about free cash is right here to remain for a very long time, by no means thoughts the inflation chatter. Suppose years, not months earlier than coverage modifications.

    Is that this a mistake? I believe so. That’s not as a result of I object to the thought of radical financial coverage, or ultra-low charges typically. The Fed was appropriate to make use of quantitative easing after the 2008 disaster to beat back the danger of a despair. So too when Covid-19 struck final yr. And whereas I would favor to see barely greater charges now, the present stance can nearly be justified by low inflation; in January, consumer prices had been unchanged for a second month.

    What worries me, nonetheless, are the indicators that the Fed is sending in regards to the future. Earlier generations of central bankers thought it was silly to provide excessively exact indicators about future coverage as that may both tie their fingers or encourage market complacency, or each.

  233. Bystander says:

    Sure Phoenix, all is ok. A company overvalued at 1B is now suddenly work 9B in this great market of “fundamentals”.

  234. chicagofinance says:

    Fab says “Work sets you free.”

    Phoenix says:
    February 11, 2021 at 11:29 am
    Debt is what makes you a slave. Money sets you free.

  235. leftwing says:

    “Because the Federal Reserve is basically wild west that makes up rules on fly…After all, there are “fundamentals” driving asset prices up…”

    Hubris exists in every professional. Rarely is the outcome good.

    Every Fed has copiously avoided opening the inflation door because once released they have no control. It is a tiger in a cage….you can hang outside and everything is OK, but the second that gate swings open if you think you are still in control you’re fcuked.

    The idea that the Fed can somehow engineer an inflation landing to 2.0% and just call game over – stop – surpasses ridiculous. And is the height of hubris.

    Not to mention the above is before taking into account that the Fed’s 2% target is a time weighted average (meaning running to 3% actual for an extended period) and on their measure which understates actual price changes in the economy to begin.

    Once inflation takes root there is one, and one way only, to stop it. And that response is in direct proportion to the excesses that built it.

  236. BRT says:

    Danielle DiMartino served on the Dallas Fed. She left and wrote a book on how bad the fed is.

    Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America

    Decent read. Long story short, it is permeated with academics who all exhibit groupthink.

    An insider’s unflinching exposé of the toxic culture within the Federal Reserve.

    In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed’s low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher’s closest advisors.

    To her dismay, the culture at the Fed – and its leadership – were not just ignorant of the brewing financial crisis but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis – and how nobody within the Fed seems to have learned or changed from the experience.

    Today the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation’s ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the “heroin” of low interest rates is pushing our economy toward yet another collapse.

    This book is Booth’s clarion call for a change in the way America’s most powerful financial institution is run – before it’s too late.

  237. Juice Bxo says:

    More Covid Treatment news..

    Allocetra and another EXO-CD24 inhaled medicine. Designed to stop cytokine storm, both out of Israel.

    https://www.timesofisrael.com/feeling-better-in-2-hours-covid-drug-for-critically-ill-starts-phase-3-trials/

  238. Juice Box says:

    Here is the lesson I learned about the Fed intervention during the Housing Bubble.

    Once it begins there is no end to it. Case in point mortgage rates and mortgage originations.

    Today 12 years later the FED is literally the housing market. 12 years after their interventions began with Fannie and Freddie etc with no end in sight. In 2020 nearly $3.87 trillion in mortgage originations the best in the 32 years. This would not have been possible without the unlimited intervention from the Fed.

    So there is no end in sight for housing intervention from the Fed. There is no reverse repo plan, there is no wind down plan. They will continue pushing rates to the lowest in US History and making the market in loans by buying up the bonds.

    We will now see if now see this with their other interventions that began in earnest since March 12 2020, with possibly no end in sight. The biggest one being Treasuries.

    There is a count down to a currency crisis going on, inflation is not the only thing lurking out there.

  239. leftwing says:

    “There is a count down to a currency crisis going on…”

    God bless this country the day we can’t refi Treasuries in dollars…..it’s over.

    But, hey, until then what’s a few more trillion among friends, amirite?

  240. BRT says:

    Here’s a question, how worthless are all these Mortgage Backed Securities? Even if the people pay them down, 3% return?

  241. The Great Pumpkin says:

    FastEddie,

    Enjoy a little of this while you are recovering.

    https://youtu.be/Hzsou4RSb3k

  242. Libturd says:

    That’s a great and poignant article Chi. Glad you shared it. I often discuss this exact argument with Gator who would probably be on the side of the Times. I think we are becoming the Taliban. Though, my real question is, do you think any Post readers besides you are going to actually read it, let alone understand it?

  243. The Great Pumpkin says:

    I called this long long ago.

    “U.S. home prices are ris­ing at an ac­cel­er­at­ing pace, new data show, as the strong­est hous­ing boom in more than a decade is boost­ing home val­ues from ma­jor metro ar­eas to small cities and va­ca­tion spots.

    The me­dian sales price for ex­ist­ing homes in each of more than 180 metro ar­eas tracked by the Na­tional As­so­ci­a-tion of Re­al­tors rose in the fourth quar­ter from a year ear­lier, the as­so­ci­a­tion said Thurs­day. That is the sec­ond con­sec­u­tive quar­ter that every metro area tracked by NAR posted an an­nual price in­crease, mark­ing the first time this mile­stone has been achieved in back-to-back quar­ters.

    The lat­est data un­der­scores how the home-price rally, which over the years has played out in dis­tinct pock­ets such as Idaho or across parts of the Sun Belt, has be­come much more wide­spread and con­tin­ues to gain mo­men­tum. In the fourth quar­ter, 161 metro ar­eas posted dou­ble-digit-per­cent­age price in­creases, up from 115 metro ar­eas with dou­ble-digit gains in the third quar­ter.”

    https://www.wsj.com/articles/surging-u-s-home-prices-gaining-momentum-as-rally-intensifies-11613062810?st=mjdpkcocsjskw7y&reflink=article_copyURL_share

  244. Fast Eddie says:

    Thank you, Pumpkin. I love Zappa… saw him live at the Felt Forum on Halloween!

  245. Hold my beer says:

    Libturd

    I wonder how many of those 150 journalists have ever made a politically incorrect comment, even if all they did was repeat a story they had heard, read, or witnessed.
    I hope one day the wokarazzi come for them too.

  246. ExEssex says:

    Get better soon Eddie. Sounds like an upgrade.

  247. njtownhomer says:

    Get well soon Fast Eddie, fast recoveries…..

    Looking forward to read your tips and recommendation on the surgery and PT.

  248. grim says:

    We can rebuild him, we have the technology.

  249. 30 year realtor says:

    Grim, Are you saying “build back better” is Fast Eddie’s slogan? Ironic!

  250. Fast Eddie says:

    Thanks all, pain is off the charts, never experienced this level of hurt but thank you all for the encouraging words.

    30 year, make Eddie Great again is the proper term.

  251. grim says:

    Make Eddie Fast Again?

  252. Fast Eddie says:

    Mako technology, Stryker software for those interested in checking out videos.

  253. Fast Eddie says:

    Grim,

    Lol. Very good.

  254. Hold my beer says:

    Video from Fast’s surgery and pt

    https://m.youtube.com/watch?v=BthNjd_jUl4

  255. grim says:

    My dad ran QC for knees and hips at Stryker for years. I think I have a box full somewhere around here.

  256. Fast Eddie says:

    I sort of look like Lee Majors now.

  257. 3b says:

    Fast: Are you taking your pain meds as prescribed? If pain does not subside, call your Doctor.

  258. NJCoast says:

    Hope you’re good as new soon.

  259. Hold my beer says:

    Rite aid is taking covid appointments. I posted the link but it went into moderation

  260. Hold my beer says:

    I’ve said it before, cuomo and trump have the same personalities. That’s probably why they loathe each other.

    https://nypost.com/2021/02/12/cuomo-aides-admission-on-nursing-home-coverup-sparks-calls-for-probe/

  261. Fast Eddie says:

    3b,

    When is the pain supposed to subside? It’s roughly 48 hours since surgery. It hurts, the knee and shin is purple, I assume this is all expected.

  262. 3b says:

    Fast: You should be taking the meds as prescribed if you are not. Also the sleep aid if you got one.

  263. Fast Eddie says:

    3b,

    Believe me, I’m taking oxycodone and tylenol as soon as the clock allows it.

  264. 3b says:

    Fast: Ok. Good. Some people don’t want to take meds concerns about addiction, but the meds help in the recovery and should be taken as prescribed.

  265. Juice Box says:

    Checked all the local Rite Aid stores.

    Message is

    “Apologies, due to high demand, there are currently no appointment times available at this Rite Aid. Please select a different store or check again another day.”

    All except for Brooklyn NY! I won’t be going to Coney Island for a shot…. 3001-27 Mermaid Avenue Brooklyn, NY 11224

    Here is the link.

    https://tinyurl.com/ugo9wtpg

  266. Libturd says:

    It’s not unusual to get shot in Coney Island.

  267. Juice Box says:

    Or shot in the Bronx you can get an appointment at the Highbridge Rite Aid.

    Bonus the address is is right by the Joker Stairs…You can get your shot and go do a dance down the stairs afterwards.

    1091 Ogden Avenue Bronx, NY 10452

  268. Libturd says:

    Gary,

    It gets better from here. It’s just your insides being sore. Had that same type of extreme pain after my tendon. It was so bad, I abandoned the family and went down to my parents house where I could get the proper care. After about 4 days, that initial surgery soreness will begin to wane only to be replaced with a new kind of pain from your muscle atrophy and continued internal healing. It will hurt too, but won’t be OXY pain. It will be double dose tylenol pain. I don’t know exactly how knee replacement surgery works, but once my tendon pain got down to manageable (after the cast was removed), I began therapy. PT will hurt even more at the beginning, but will subside as you rebuild your strength. The harder you work in PT, the sooner you’ll feel better. Enjoy the massages.

  269. Juice Box says:

    Geeze now I don’t feel so bad. I cracked my #2 tooth completely in half and it could not be saved. Dentist tried but ended up having to pull it. That was fun he had to dig around for the pieces and clean infection down to the bone. Doc prescribed some antibiotics and some pain killers, new stuff these days is Hy*drocod*one-Ibu*profen. Almost guaranteed constipation, so no thanks.

    I have had only had one other tooth extraction in my life. That one hurt allot and I took the O*xy back then and passed out from it and had all kinds of stomach and constipation issues. Never again. I would rather have mild pain than be out like that.

    I have yet to take any pai*n killers, nothing but mild soreness so far….

  270. Fabius Maximus says:

    Make Eddie Great?

    I can see you as SharkBoy maybe!
    https://tinyurl.com/4sxg5j4h

  271. leftwing says:

    I had some crazy never diagnosed head pain issues about fifteen years back. Not migraines, but curl up and don’t move, can’t even breathe, just let me die type pain.

    Prescribed Oxy. Really fcuked me up. Not a good ‘high’ at all. Really unpleasant. Never understood from that experience why anyone would abuse them. Funny how human bodies can be so different for being 99.9999% the same.

  272. Hold my beer says:

    Fast will soon be able to move like this again after PT

    https://www.youtube.com/watch?v=VR_xpDALFXg

  273. Walking says:

    Eddie , hope you get better. You don’t appreciate being healthy until you go through this. MEFA 2021!! (Make ED fast Again)

  274. chicagofinance says:

    I can diagnose it right now. It’s called “wife”.

    leftwing says:
    February 12, 2021 at 12:00 pm
    I had some crazy never diagnosed head pain issues about fifteen years back. Not migraines, but curl up and don’t move, can’t even breathe, just let me die type pain.

  275. Juice Box says:

    Interesting what happened with the weed stonks.

    These kids just don’t know when to sell do they?

  276. Phoenix says:

    Not that I’m a fan, but .02? Smells like steatorrhea.

    “Springsteen, according to reports, stopped while on a motorcycle run and accepted a shot of tequila from a fan while park rangers watched from a distance.

    Once he began to drive off, the rangers flagged him down and ticketed him for driving while intoxicated and reckless driving.

    Despite a park ranger’s account that Springsteen smelled of alcohol and flunked field tests, his blood alcohol content registered .02. In New Jersey, .08 is the presumptive level for intoxication.”

  277. Fast Eddie says:

    Beer, lol.

    Walking, thanks for the well wishes.

  278. chicagofinance says:

    FabMax: Here is my role model…… the pinnacle of my career path…

    A fired Janney Montgomery Scott broker is now facing criminal charges accusing him of fleecing his former clients of hundreds of thousands of dollars to cover his personal expenses.

    Between May 2, 2019 and Jun. 11, 2019, Apostolos Pitsironis allegedly initiated 22 transfers for a total of approximately $411,000 from one of his clients’ investment accounts at an unidentified “financial services firm” to a bank account in Pitsironis’ name at another financial institution, the U.S. Attorney’s Office for the Eastern District of New York says in a statement.

    Pitsironis began his financial services industry career in 1996 with Morgan Stanley and first came to Janney in 2001, according to his BrokerCheck profile. He left in 2008 for stints with RBC Captal Markets and Wells Fargo and returned to Janney in 2018, according to BrokerCheck.

    The attorney’s office claims that Pitsironis lied to Janney that the client’s spouse owned the bank account to which the money was being transferred and had authorized the transfers. Pitsironis then allegedly moved the money to other bank accounts he controlled, and used it to cover personal expenses, including cas!no gambling debts and leasing a luxury car, the attorney’s office says.

    If convicted of wire fraud, Pitsironis could face up to 20 years in prison, the office says.

    Janney discharged Pitsironis in June 2019 “after an internal investigation uncovered that the FA transferred funds via unauthorized ACHs from a client’s account to a third party bank account owned and controlled by the FA,” according to BrokerCheck.

    Finra barred Pitsironis in August that year over allegations that he had converted $411,000 in customer funds, with Pitsironis accepting the bar without admitting or denying the findings, according to the industry’s self-regulator. Finra said at the time that Janney made the customer whole after learning of Pitsironis’ actions.

  279. Phoenix says:

    “Almost guaranteed constipation, so no thanks.”

    Eat more fiber.

  280. chicagofinance says:

    The following is fake news. It is common knowledge that only people in the Trump administration are vulgar…..
    https://nypost.com/2021/02/12/wh-spokesman-threatened-to-destroy-reporter-report/

  281. Fast Eddie says:

    Libturd,

    Thanks for the lowdown. They’re sending me for a Doppler scan later today, just want to rule out blood clots as I have swelling, tenderness in calf. I would think this is normal but just throwing caution to the wind.

  282. Fabius Maximus says:

    Chi

    “accepting the bar without admitting or denying the findings, ”

    Is that a new High Water Mark for a FINRA punishment?

  283. Phoenix says:

    Finra,
    One corporation overseeing other corporations. Yeah what could possibly go wrong with that.

    Fear of imprisonment is the only thing that would work, but that is never a possibility.

  284. BRT says:

    Interesting what happened with the weed stonks.

    These kids just don’t know when to sell do they?

    They are still holding the line on GME. The weed stuff was a pump and dump orchestrated by someone. Now they’ve resulted in spamming the boards to get them to bid something up. I saw the options “gain pr0n” posted initially out of no where. There was no discussion prior. There are 5 million new users on that reddit looking for something hot. I doubt you are going to get much investment ideas from there any time soon. You will however, see the latest pump and dump orchestrated by outsiders.

  285. Hold my beer says:

    Would getting a little ceramic heater and aiming it at the area in the wall my outdoor faucet is help keep the pipe from Freezing and breaking? We have an exterior faucet that does not have a valve we can close and drain the pipe.

  286. Phoenix says:

    HMB,
    Change the valve to one that has the seat on the inside. The actual water turns off where you see the threads. Heaters I worry about. You can try letting it drip but then you have issues outside the house. Or you can use the tape wrap pipe warming stuff.

  287. Phoenix says:

    Thawing frozen pipes with my Miller welder was good times. Nothing like the hum of 60hz AC as the current cranked up.

  288. Hold my beer says:

    I’m getting one of those insulated covers from amazon for it was wondering if I could do anything else they are predicting we go down to 2 Sunday night

  289. Juice Box says:

    Beer – insulate and if you are really worried an electric heat cable.

    https://www.homedepot.com/p/Frost-King-30-ft-Automatic-Electric-Heat-Cable-Kit-HC30A/100196471

  290. ExEzzex says:

    Somebody’s having fun:

    the Corvette topped the charts for fastest-selling new cars last month, taking just 10 days on average to sell after arriving on dealer lots, with an average price of $84,689. Considering the Corvette’s popularity, it’s not too surprising to see the car sell so quickly. But to see it beat out even mainstream sedans and crossovers in the middle of winter, when sports car sales usually tank? Damn impressive.

  291. Juice Box says:

    Beer – Opps Phoenix got there first….

    Anyway it also depends on the type of Hydrant you have. Many newer models are frost free, they won’t freeze. Basically the valve is set back on a longer pipe and connects inside the heated portion of home to help prevent freezing.

    Example.

    https://www.amazon.com/Prier-C-144D18-Anti-Siphon-Outdoor-Hydrant/dp/B00JJZHG9U

  292. Libturd says:

    Wrap will do it believe it or not. If you can, set it to drip the slowest you possibly can and break down the stalagmite each day so it doesn’t reach the drip. If the pipes are wrapped, it will keep dripping. If it’s not wrapped, don’t bother, it will just freeze anyway unless you really get the water moving, and in that case, you make such a mess anyway, you might as well let it burst. You would be surprised how much a difference the pipe wrap makes. Even a black throw over any outdoor exposed pipe can make a huge difference, if you have a lot of exposed stub.

  293. Juice Box says:

    Most newer homes are frost free valves…..Just check the model it is usually stamped on them.

  294. Hold my beer says:

    Thanks for the tips. I have an insulated cover coming for my faucet and another one coming for my back flow valve for the sprinkler system. The back flow valve has one of those fake plastic stone coverings, probably good enough for occasional ice storm but not sure about is use for a few days of 20 and colder. Ordered the insulated covers from amazon prime a few days ago and they are supposed to get here Saturday. Hadn’t thought of a heated cable. Wish I had that would probably have gotten here Saturday also.

    No heated cables in my area. I checked the big chains, ace, and try value. It hasn’t gotten this cold in the 8 years we’ve been here. Will have to order heated cable from amazon for next time this happens.

  295. Hold my beer says:

    If the covers don’t show up tomorrow I will wrap the faucet and back flow cover in towels or something.

  296. Juice Box says:

    Beer – sprinkler back flow has no shut off? I have on inside the house. I have a basement with ceiling access. It is usually copper all the way outside to the backflow, that is why there is a shutoff. I would check it should be there, code even in Texas should be to to have a shutoff. Even so there are two sets of valves on sprinkler backflows. Make sure both are closed.

  297. The Great Pumpkin says:

    Essex, where you been? Enjoy this on the comeback.

    https://youtu.be/LQ123T3zD2k

  298. ExEssex says:

    9:05 I’m around … t’anks
    Here’s a little: https://youtu.be/lIwnbYwmFOI

  299. Juice Box says:

    Interesting my brother has been working in an Ethereum mine for a bit now. Can’t say much more but they are now firing up huge amounts of old Graphics cards based upon current prices. Some of the single rigs they run are now mining a coin a month @ $1800 a coin now….way up this month and in the last year way way way up…

    https://www.coindesk.com/price/ethereum

    Me being skeptical of anything crypto coin, I did not partake when it was only $100 a coin…

  300. Grim says:

    Was able to get shot 2 a couple of days before my appt.

    Here’s to a shitty weekend?

  301. Phoenix says:

    First one, no hx of Covid, sore arm. Nice weekend.
    First one hx of Covid, little to nothing, or you may be quite sick.

    Second one, no Covid, little to nothing or you may be quite sick.
    Second one, Covid, little to nothing or you may be quite sick.

    This is the general consensus. Most have little to nothing the first time if no Covid. If you had it, both shots suck. I didn’t have it but the second one slammed me hard for a day. I did not attempt to counteract it due to only having a fever of 102.3. I figured I’d let it do it’s thing, that’s what it’s for. If I broke 103, well, then it’s time to act for me.

  302. Libturd says:

    Let us know how it goes. I’m do next Wednesday.

  303. njtownhomer says:

    Juice

    there is a very bad shortage for chips, gpus etc. The mining rigs are selling for big money and new orders backordered for 10+ months. The mining will only increase as big exchanges in US for instance delay signups, approve new accounts with significant delay. I wonder what happens when Biden would send the direct $1400 checks, it will only increase.

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