From the Philly Inquirer:
Foreclosure starts tick up in Pennsylvania, N.J., and nationwide
Three months after the end of a federal foreclosure moratorium intended to keep people in their homes during the pandemic, foreclosure activity continues to increase across the region and nationwide.
Most foreclosure filings — including default notices, scheduled auctions, or bank repossessions — are on vacant and abandoned properties or loans that were in foreclosure before the pandemic, according to real estate data provider Attom. The moratorium covered about 70% of the nation’s mortgages and about 80% of Philadelphia’s home loans.
Other policies preventing lenders from starting the foreclosure process will expire at the end of the year, when many homeowners will exit forbearance plans that allowed them to delay mortgage payments during the pandemic.
Last month, lenders started the foreclosure process on about 10,800 properties nationwide. That’s up 5% from September and more than double the number of foreclosure starts in October 2020, according to a foreclosure market report that Attom is to release Wednesday.
From September to October, Pennsylvania and New Jersey were among the states with the biggest increases in foreclosure starts.
New Jersey had the third-highest rate of foreclosure activity in the country last month and has consistently been at the top of this list. One in every 3,438 housing units in the Garden State had a foreclosure filing, compared with a rate of 1 in 6,675 nationwide, according to Attom. Only Illinois and Florida had higher rates of foreclosure filings.
Foist
Meetup at the Dave Gilmour concert at the Wellmont in Montclair on Jan 7? Pregame at the distillery and uber over.
Jersey, gotta love it!
https://nj1015.com/9-of-the-nations-most-miserable-cities-are-in-new-jersey/
Buried last night
Chicago says:
November 9, 2021 at 11:35 pm
Not baked, but does watching this get me an honorable mention?
Ex says:
November 9, 2021 at 8:21 pm
Anyone baked right now?
https://m.youtube.com/watch?v=BC35cQKHwzg
[oops, posted in the wrong thread, too many tabs open lol]
“And when he runs in 2024, [he’ll] still pull the handle for him [DJT].”
Hopefully not. And as I’ve stated repeatedly the best favor the AG of NY could do for Team Red is prosecute DJT and win.
Bottom line though, what lever I pull depends on the alternatives.
Unfortunately I (we) start with only two, pre-selected.
If an R would actually grow balls and character, leave political positioning and consultants aside, and have a socio-economic background that is representative of the majority of citizens in this country, and is willing to act on it he gets my vote. Hands down.
He needs to exist.
If the Ds could find someone, anyone with the above profile and leave the woke, pandering, SJW, racial shit at home I would vote them over any establishment R…..
Problem for that unicorn is he gets Bernied in the primaries.
Much to Lib’s chagrin, I want a populist. Someone who will tear down the political structures of the last fifty years as those structures have only worked for those few inside the walls and have definitively not worked for the average citizen. I really don’t care if s/he comes from the Left or Right.
They just need to exist and make it to the top of the ticket.
Meetup at the Dave Gilmour concert at the Wellmont in Montclair on Jan 7? Pregame at the distillery and uber over.
I’m in! No doubt about it!
Didn’t know
https://www.google.com/amp/s/amp.app.com/amp/5950138001
CPI in hot….6.2 v 5.9 est.
COIN down 10% pre-market, big miss on revenue line last night….lower volume and lower retail take rate (ie, transaction fee compression).
Not mentioned yesterday but the PPI print was 8.6% tied for highest ever.
Desantis would probably be a better option. He’s more willing to solve identify and solve problems reasonably washout being flamboyant about it. The leftwing media tries to portray him as a crazy Trump 2.0 but it’s farthest from the truth.
When my coworkers in grad school came to NJ from other states, they were amazed at how bad our cities were. The reality is, they are still suffering from their riot outfall from the late 60s and never recovered.
BRT: Most of the cities on that list were no surprise , with the exception of Union and West NY. It always annoys me here when people in my town when discussing “bad” places always referenced the Bronx. Ironic, with Paterson for instance only a short distance away.
NJ is #1…
Exporter of cars to Africa….
https://www.youtube.com/watch?v=giDxMDeYM78
I don’t see how the Fed does not raise rates after this mornings numbers.
BTW – My retired FIL was in the freight business, lots of contractors used to certify the containers shipping out for export. Lots of cash changing hands to falsify the documentation. Massive amounts of good stolen here, not just cars and shipped to Africa and other places.
https://www.youtube.com/watch?v=giDxMDeYM78
3b – Nope.. the hypothesis that inflation is going to be transitory and they will stick with it.
Juice: Jerome seemed to be shifting somewhat in that last week. Once inflation gets embedded in the economy it’s very difficult to eliminate it. He should know that of course.
“I don’t see how the Fed does not raise rates after this mornings numbers.”
They haven’t even started actual tapering yet….and remember tapering is only the slowing of expansionary policy, not stopping or reversing it….
You are two steps away from tightening, and the Fed doesn’t play hopscotch…certainly not this Fed with what, four lame duck members and a Chair seeking re-nomination…
Impact of white flight. NJ is one of the most segregated states in the country….might be no 1. Most people in Nj that do not live in these cities, never step foot in these cities, unless it’s to take a flight out of Newark or see a game in that area. They are cages for the poor, so why would they be “good” cities?
If being around white people is your thing (talking to you fast), move up north, not south. Farther north you go, the higher percentage of whites. Maine is 95% white. South is a melting pot. That’s who is moving to the south…minorities who can’t make it in places like nj are moving south. That’s who is moving out of the state (not talking about retirees, but they are the other major group).
We were crying about no inflation for how long? At least it’s a sign of a growing economy.
I still don’t believe this trend lasts long term. Population growth is slowing down big time. Combine that with rapid disruptive tech innovation, and the FED is going to have a hell of time producing inflation in the future.
3b says:
November 10, 2021 at 9:49 am
Juice: Jerome seemed to be shifting somewhat in that last week. Once inflation gets embedded in the economy it’s very difficult to eliminate it. He should know that of course.
Covid accelerated the drop in population growth. Took out 750k already in our country and 5 million in the world. That hurts long term growth big time.
Good to see you are consistent, at least….both a total asshole and totally clueless…..
Clueless…5m people out of 8b globally is 0.06%…not even close to a rounding error, let alone the vast majority due to age were not high consumers….
Asshole….well, let’s just let you speak for yourself because I’m speechless….
“If being around white people is your thing (talking to you fast), move up north, not south. Farther north you go, the higher percentage of whites. Maine is 95% white. South is a melting pot. That’s who is moving to the south…minorities who can’t make it in places like nj are moving south. That’s who is moving out of the state (not talking about retirees, but they are the other major group).”
I don’t see how the Fed does not raise rates after this mornings numbers.
That’s what I’m saying.
It’s one thing if it’s just the data points, it’s another when people are grumbling, but you’ve got both here, at scale.
Clueless? Why are you such a dick?
Yes, 5 million people dying has no impact. Got it. Not all those people were old. Now some won’t have kids. You do the compounding effect, but you are right, these people have no impact. Got it.
Fast yearns for the world of yesterday. He is not finding that down south. He is only going to find the America he grew up in up north. Please don’t try to depict as racist, which obviously you are trying to do. You then cry when lefty’s do it to you, you hypocrite.
leftwing says:
November 10, 2021 at 10:07 am
Good to see you are consistent, at least….both a total asshole and totally clueless…..
Clueless…5m people out of 8b globally is 0.06%…not even close to a rounding error, let alone the vast majority due to age were not high consumers….
Grim: Agreed. These are ugly numbers and even after supply chain issues are no longer an issue, many of these increases will stick.
I will ask this, anyone here think you are getting a 5-8% salary bump at year end to deal with inflation? I can tell you that my horsesh%t IB still does not get it. I have not received a raise in over 3 years and all signs are pointing to them not giving a f* in 2022. I have 4 direct reports and our (Swiss) ED is flippantly asking to move people down from good to average. There is no basis for it, only to meet % numbers. They changed to new “fair” year end evaluation system and the results are same. They do not care of hard work, goal performance, values/behaviors, extra certs or trainings or anything you did. They do not want to pay, plain and simple. We are going to US market to hire tech talent for the first time since I have been here. We want 5 years of Full Stack experience but won’t pay than 125k in NYC market. The US recruiting said you better move quick, IT talent is getting multiple offers and salary numbers are staggeringly hire. There is zero change of success here. We failed hiring in India, failed in Poland, and now will fail in US. Execs can’t be this thick. You see turnover numbers. How can they try to keep salaries at levels of 10 years ago? Something is just wrong.
Busy day for me and started with a flat tire on 78 (luckily right front).
Real quick. Read this. https://yourlocalepidemiologist.substack.com/p/rubella-we-vaccinate-for-far-less?
Left, I too would easily vote for the R or the D if they were antiestablishment. Bernie really was the closest we come.
BRT, DeSantis is an @sshole. He is not just portrayed as one in the press. When Covid is raging and you tell the cruise lines that they can’t enforce vaccination. Then you are anti-business and anti common sense. We don’t need someone with the my way or high way attitude running the country. Then he goes and makes an exception for Disney. He is a hypocrite, a douchebag, inconsistent and reminds me a heckuba lot of Hillary Clinton. Whichever way the political wind blows, he’ll be the kite. For a guy with an Ivy league bloodline, he doesn’t come across that terribly smart. And he is definitely a Trump supporter, which will bring out the Dems in the national. Again, even with the fly infested dung pile the Democrats have nominated, there is no possible way a Trump supporter is going to win national election. Because as the end of the day, it’s not about policy or accomplishment. It’s about making sure the bully doesn’t win. The candidates don’t matter anymore to the Dems.
Grim,
Will absolutely do the brewery GTG. Though, heard it’s mediocre beer. We can walk there.
On the markets, I’m pretty happy where I sit. I’ll take a 50/50 position at the risk of giving up the opportunity to play the FED put. I also firmly believe that crypto is going to be the black swan that pulls the rug out from under the market. Though it’s still a tiny piece of the larger puzzle, as it gets more embedded, the contagion potential will grow.
Lefty,
You were one of the people with clot crying about stagflation forever. That raises were never coming, and inflation was dead. I was not. I always said inflation was coming with my prediction in a booming economy/housing market while you, clot, and others totally mocked me and put me down. Again, you guys just run with the headlines of the time. 7 years ago, it was stagflation, and housing is dead. Today, it’s hyper inflation and out of control housing prices.
The Producer Price Index jumped 13.5% in October. That number is from China folks, and they are lying when they say 13.5% it is higher. Their passthrough from producer prices to consumer prices affects us.
So how will Jerome Powell slow inflation in China? NOT GONNA HAPPEN, there will be an overshoot of inflation we are starting to seeing it now. Just take a look at all the nonsense about meat prices. You think the farmer gives a crap he loves higher prices, there will be an overshoot and then slingshot back as the consumer demand weakens..
BTW the third world is gonna starve, our inflation kills their economies as they import everything in the third world.
At least people are saving more for a rainy day although credit is at all time highs mostly due to housing debt.
Bystander,
I’m not getting that increase. That’s for sure. Company is doing quite well again, mainly due to SPACs and dumb recall elections, but our CEO already telegraphed that the bonuses we received last year ain’t likely to happen this year. So I expect 2% tops. On the bright side, I watched two episodes of real estate shows where families from the NorthEast moved down to CR and simply can’t believe how much better life has become for them. Pura Vida is always on my mind to get me through the tougher times, like today where I was forced to change my own tire on a very busy 78. In Costa Rica, ten people would have offered to help me and no doubt I could have paid a mechanic $5 to swap the tire with the donut. Auto repairs are crazy cheap down there. Especially body work where they bondo instead of replacing trim. But they repair parts down there. They don’t simply replace them.
Let the increases stick. We needed inflation. Esp when it comes to labor. Do you honestly think this kind of inflation will keep up long term? I don’t see how they could. Esp if they begin to overproduce, which leads to oversupply, and workers being laid off. People have been hoarding, which is going to guarantee we are left with an oversupply of products eventually.
3b says:
November 10, 2021 at 10:32 am
Grim: Agreed. These are ugly numbers and even after supply chain issues are no longer an issue, many of these increases will stick.
BRT,
They hate DeSantis because they fear him. The more they fear him the more their hack journalists churn out biased and strawman stories about him.
DeSantis probably won’t self-immolate like Trump did in his ongoing bonfire of vanity. He’s definitely smarter and more emotionally stable than Trump, but does have a more reality-based populist element to him.
The guy graduated from Harvard and Yale, but hasn’t run the usual political pattern after graduating. But you can tell that he’s got goals beyond FL Governor at some point.
Notice how the national media ran many stories about DeSantis’ approval rating dipping when Covid hit its seasonal summer peak in FL, but now they aren’t curious about FL covid or DeSantis’ approval ratings any more?
Pumps you dolt, the pain is felt unevenly. We have a responsibility as the world’s reserve currency, trades worldwide are settled in dollars. Millions of third world children are going to starve because of our inflation.
Central banks around the world have been raising interest rates for months to slow inflation in their countries. Brazil is now at 7.750 %, Mexico is at 4.750 %, Indonesia is at 6.500 %, Russia is at 7.500 %, Turkey is at 16.00 %, China is at 3.850 %.
Cheap credit here began bidding up the prices in housing, now it is accelerating inflation across other sectors. We are going to overshoot big time.
It never fails. They always get greedy and overproduce. Boom and bust, and we do it again and again.
“You think the farmer gives a crap he loves higher prices, there will be an overshoot and then slingshot back as the consumer demand weakens..”
I have my finger on the pulse of Republicans in Florida through my dad. He can’t stand him. Most of the old people can’t. He’s pulling a Chris Christie and grandstanding for presidential aspirations always ruins your ratings at home.
Florida is still a red state. The press in a red state tends to cater to their red audience. If they are harsh on their governor, it is likely deserved.
DeSantis?
Right. Wannabe dictator that positions himself as a freedom fighter. He might do better a few miles South in Cuba.
Comes across like a complete slimebag, would never win nationally. Republicans would completely squander their opportunity backing him.
Notice how the national media ran many stories about DeSantis’ approval rating dipping when Covid hit its seasonal summer peak in FL, but now they aren’t curious about FL covid or DeSantis’ approval ratings any more?
I noticed it before it happened because I predicted it. I flat out said Florida cases would drop despite schools starting up without masks. But anything I’ve seen from him in a raw/uncut interview or conference, he’s totally normal. As far as comparing him to all the other people who ran for nominations the past few years, he’s a lot smarter than they are.
So let it crash? More people will starve if we drastically raise rates, let assets fall, and crash the world economy.
There is no easy answer here, but the answer is def not to crash the economy.
Juice Box says:
November 10, 2021 at 10:53 am
Pumps you dolt, the pain is felt unevenly. We have a responsibility as the world’s reserve currency, trades worldwide are settled in dollars. Millions of third world children are going to starve because of our inflation
People aren’t hoarding. They are getting rich of Gamestop and Shiba Inu
More people will starve if we drastically raise rates, let assets fall, and crash the world economy.
You said the same argument around Dow 15k. Why can’t we let it crash to 20k? It would still be 5k above your previous Armageddon forecast.
Just like trump or any other politician. Only care about themselves and increasing their personal power by targeting specific demographics for votes and sell them on exactly what they want to hear from a politician.
“The guy graduated from Harvard and Yale, but hasn’t run the usual political pattern after graduating. But you can tell that he’s got goals beyond FL Governor at some point.
Notice how the national media ran many stories about DeSantis’ approval rating dipping when Covid hit its seasonal summer peak in FL, but now they aren’t curious about FL covid or DeSantis’ approval ratings any more?”
DeSantis was once very busy in Cuba, he was the waterboard scheduler at Gitmo in addition running the urinalyses program. Very distinguished career in the Navy. I am pretty sure given the resolute desk we could see a resurgence in torture.
Karen of the day- jeezus this is nazty. What is wrong with them?
https://www.independent.co.uk/news/world/americas/texas-waitress-attack-hot-soup-b1954898.html
Juice, you are mistaking someone for being stupid when they are actually being sociopathic. He knows exactly what pain they will feel, he doesn’t care, there is no empathy to be found, and he is narcissistic.
Never try to teach your pig to sing, it wastes your time and annoys the pig.
“Pumps you dolt, the pain is felt unevenly.”
The problem with the rubella argument is that we don’t have a covid vaccine. We have a POS sugar water shot that supposedly prevents serious illness.
It didn’t even fit the definition of vaccine so the CDC changed the definition. When you get a real vaccine come back and make the argument.
Pumps – you continue with the straw man argument. It is not going to crash, the land, the sky the rivers will all still be here if we raise rates. Heck the bank stocks will shoot up too.
However your 24% gain on your humble abode? Might not be able to sell it for $800K once the interest rates head north. We could be back to 2005 prices again. Look you got a deal in 2011. You paid below 2005 price inflation adjusted…..So what it’s 2021 yes we know, we know you waited and all but look the time to sell may have passed. Don’t worry you will learn your lesson and go out and get them next time…
The economy has adjusted to new highs. People have made investments and leveraged based on the current numbers. You okay with taking a 50% hair cut? Economy is based on psychology/emotion. You give a 50% hair cut, everyone starts to cut back drastically, and down goes the dominoes till it’s completely f/ed.
BRT says:
November 10, 2021 at 11:02 am
More people will starve if we drastically raise rates, let assets fall, and crash the world economy.
You said the same argument around Dow 15k. Why can’t we let it crash to 20k? It would still be 5k above your previous Armageddon forecast.
No, dumbass…
Your exact quote regarding 5m dead and inflation/growth was “that hurts long term growth big time.”
There is no way to take 0.06% of something and make it relevant….each person in that cohort could have ten kids and not come close to moving the needle in our lifetimes…and most were well beyond child bearing years, idiot…
As usual, when called out on an absolute lack of mastery of the obvious you run to your safe space with your binkie and blankie, the straw man argument of absolutes.
Seriously, it is downright frightening that you are a teacher. Your entire lack of common sense is so bad you would frighten me as a bus driver….
Good thing you are at a failing school…your kids can’t lag any further behind because of your incompetence. If you were at any qualified school district your total ineptitude would be outed immediately relative to other teachers. God bless your students. they have enough barriers in life already without facing you each day.
If someone has a large loan, and their house drops 50%….are they going to keep buying things? No. Then the purchases they would have made now impact those businesses which lay off workers. Now govt costs skyrocket as they have to help these people survive with unemployment and welfare. Farmers now need the govt to pay for the supply of food the consumers no longer can afford. It gets ugly real fast.
Whatever you say, lefty. Whatever you say. I’m not wasting my time.
“There is no way to take 0.06% of something and make it relevant….each person in that cohort could have ten kids and not come close to moving the needle in our lifetimes…and most were well beyond child bearing years, idiot…”
Goat,
It does prevent serious illness.
In all seriousness, I hear your arguments and they are based on our governments fumbling with Covid. I think politics as well as corporate interests have prevented us from handling the pandemic properly.
I said this since day one. Instead of shooting pen1s rockets into space and worrying about the green new deal, America’s focus should have been on creating enough vaccine to vaccinate the world. In World War II, appliance factories were turned into weapon manufacturers. The government should have done the same with the drug manufacturers. We should have essentially created a vaccination program that paralleled the space program. Of course, it wouldn’t have been nearly as expensive. But the good will we would have created in the world would have been astronomical. America would have saved the world again. Instead, when you allow your politicians to be bought by corporations, you can no longer commandeer them for societal gain.
And yes, BRT, our corporations should be hellbent on finding a way to handle the more recent strains than producing boosters based on the original strains. But where is the money in that? Another casualty due to PAC money.
Sometimes, I truly wonder if the world knows how sh1tty it really is here.
Because the more I’ve travelled the world, the more I realize how much better they all live than us.
Lefty, you seriously might be the most ego driven elitist on this board. Calling me an idiot over and over again might make you feel good by feeding your ego, but it really shows who you really are.
“Left, I too would easily vote for the R or the D if they were antiestablishment.”
Much better term than ‘populist’ encapsulating what I intended. TY
Yes, losing 750k people is nothing. You know how many cities that is?
Pumps – again? 50% down? Your strawman has not existed since the 1930s.
Take some advise go buy bank stocks before they get too expensive, for you see the banks are never going to fail, your deposits are safe, if you need a nice loan in the future you might be paying 5% but you can still get one.
Fair enough, juice, I just can’t see how this economy can handle rising rates. I’m not selling real estate, and I’m not loaded with mortgage debt. 2030 and I’m debt free.
Other’s, not the case. Who has the biggest loans out right now? That’s right, the younger individuals. You are going to sack them with debt, and then drop the price on their asset that they have 20-30 years to pay? That’s f’ed up. Too bad 3b will never see it this way.
Lib,
No way yesterday. Do to the large defection of my colleagues even getting a break is becoming a challenge. I do appreciate the invite. Great group you have there. Maybe one day in the future.
That was the plan all along…..
“Who has the biggest loans out right now? That’s right, the younger individuals. You are going to sack them with debt”
Leftwing, when I speak of populism, I speak of it’s historical use as I learned it in political science class.
Populism can also be subdivided into “inclusionary” and “exclusionary” forms, which differ in their conceptions of who “the people” are. Inclusionary populism tends to define “the people” more broadly, accepting and advocating for minority and marginalised groups, while exclusionary populism defines “the people” in a much stricter sense, generally being focused on a particular sociocultural group and antagonistic against minority groups.[83] However, this is not exactly a pure dichotomy – exclusive populists can still give voice to those who feel marginalised by the political status quo and include minorities if it is advantageous, while inclusive populists can vary significantly in how inclusive they actually are. In addition, all populisms are implicitly exclusionary, since they define “the people” against “the elite”, thus some scholars argue that the difference between populisms is not whether a particular populism excludes but whom it excludes from its conception of “the people”
It’s probably the wrong term to use.
We should stick with anti-establishment.
What I can’t stand is the scapegoating, xenophobia and glorification of the oft privileged past.
“Calling me an idiot over and over again…really shows who you really are.”
No, it really is about you. Each day, multiple times, you openly and loudly proclaim your entire obliviousness of basic concepts in math, economics, history…
“Juice, you are mistaking someone for being stupid when they are actually being sociopathic.”
Nah, I still vote stupid. Sociopaths demonstrate manipulative skills, which require thought and reasoning. Not present in Pumps.
Phoenix,
We get it. No need to apologize. The Mad Loot investment club has been around for a long time. Been running since 2004. When your schedule allows, there’s a lot to be learned there.
Whispers of Biden putting someone in charge who will carry out the economic plan he wants. Lael Brainard can’t make it through confirmation, won’t get 60. JP done? Who gets nod?
Pumps – They younger folks have plenty of time to work it off, and if they don’t want too well there is always Jingle Mail or have their stuff put out on the street by the sheriff’s contractors and try again in a few years. Heck the last housing crisis is a distant memory now. Yes people will stop paying the mortgages on underwater homes and use that cash to keep buying stuff. Pray and Pretend can go on allot longer than most people remember. The last housing foreclosure crisis is a distant memory now, but realize there were a million foreclosure filings every quarter back in 2010 even with the massive government interventions.
Peak to Trough we are getting near another change in the business cycle all has been forgiven or forgotten…
https://infogram.com/br-foreclosure-filings-1hkv2ndprvqr6x3
left and Phoenix…..re: “mistaking someone for being stupid when they are actually being sociopathic.” No not really either more like conditioned, but even that can be modified.
But heck I am not a Financial Advisor so don’t take my advise for sure…. I just read tea leaves and the leaves now give me the heebie jeebies.
Wait until Biden speaks about the time he had to pay for his own grocery bills and meals back in 1971..that will be the sell signal…
Pumps: Too bad I don’t think previous buyers should have their asset protected at the expense of the younger generations that are coming up, and to hell with them?? And you call yourself a capitalist?? And I am f upped because I don’t see it that way? As with everything with you, it’s all about you.
Juice: Pumps can’t be modified 10 plus years on this blog demonstrates that. If anything the older he gets the worse he gets.
Pumps: Again self awareness is called for on your part although it will never happen. It is you who has the massive ego on this blog.
Wow they actually put Rittenhouse on the stand.
Make sure your fire extinguishers are charged…
3B – If it is free it called advice. If you pay for it is called counseling, if you can actually use either one, it’s a miracle.
“Yes, losing 750k people is nothing. You know how many cities that is?”
And the hits just keep on coming from you, huh?
So, professor, 750k is a whopping 0.2% of the US population…of that number fully 75% were over 65 years of age…well beyond prime spending years to support ‘growth’.
Those in that age cohort are not buying new houses, furnishing them, buying new automobiles for an expanding family, buying new closets full of kids clothes as they grow, buying all the accoutrements accompanying children’s lives as they age to maturity, buying airline tickets to get them home from college, furnishing off-campus apartments, taking multiple high cost holidays, etc, etc, etc….
The actual stats and a coherent adult conclusion?
COVID took 48k Americans between the ages of zero and 50…tragic loss for them and their families but the economic impact…
They represent 0.01% of the US population. Assuming they were a pro-rata share of spending zeroing it out entirely is absolutely statistically insignificant relative to baseline economic growth.
Truly not hard to understand….the math involved is how to calculate a percentage and the analysis involves simply framing that percentage relative to national consumption and growth. So easy even one of your HS students can accomplish that. Try to keep up, or maybe you could ask one of them for help.
Lib, good post.
I knew we were closer in thought even if we approached from different angles.
I like the “anti-establishment” characterization much better than populist which i agree can have negative overtones.
Either way, let’s vote the professional political class out.
LOL, CNBC having a lot of fun regarding Rivian IPO pricing…apparently CW said the valuation is too rich….everyone LOL’ing, if it’s too rich for her then it really is TOO rich….
Sign of a market top….CW actually realizes valuation is an investment consideration….
Closing out lunch watching the noon CNBC show then popping the top on the convertible for a final ride ending with Sta-bil, overinflating the tires, rubber garage floor mats, and a cover……/sad emoji/
Good day all…
And more than anything, it’s time for campaign finance reform (which will never ever happen).
Bystander says:
November 10, 2021 at 10:32 am
“We want 5 years of Full Stack experience but won’t pay than 125k in NYC market.”
Yeah, that’s not even close. We just hired an average candidate with 4-5 years of mostly front end/some backend experience, and had to go over 200 to get him.
Medicinal mushrooms being tested as Covid treatment.
https://www.webmd.com/lung/news/20211109/testing-mushrooms-as-covid-treatment
HMB,
Did you volunteer for the study?
Lib
No. But I have been taking turkey rail for almost 2 years and that’s one of the two they are testing.
What I learned yesterday: Trees and roads are rac1st.
What I learned so far today: Inflation is rac1st.
You are oblivious to the big picture. Did you not watch that video nomad shared talking about demographics. You are taking a simplistic short term approach to this. 65 year olds today might live to a hundred you dumb f’k. We need all the people we can get if we want to maintain population growth next decade. It’s totally f’ed. Yet, here you are acting like 750k people are meaningless because they are less than 1% of the population. Someone is going to get f’ed by their loss of consumption in the economy. Won’t be you, but it will be someone, and that’s just another domino falling when it comes to population growth.
BTW, my mother in law bought a new ford at 67. She now might have to buy another car, but hey, they don’t consume, correct?
leftwing says:
November 10, 2021 at 12:12 pm
“Yes, losing 750k people is nothing. You know how many cities that is?”
And the hits just keep on coming from you, huh?
So, professor, 750k is a whopping 0.2% of the US population…of that number fully 75% were over 65 years of age…well beyond prime spending years to support ‘growth’.
Those in that age cohort are not buying new houses, furnishing them, buying new automobiles for an expanding family, buying new closets full of kids clothes as they grow, buying all the accoutrements accompanying children’s lives as they age to maturity, buying airline tickets to get them home from college, furnishing off-campus apartments, taking multiple high cost holidays, etc, etc, etc….
And are the deaths from covid stopping?
Yea, i was the one being called an idiot back in 2013-2019 on this blog for saying a housing boom is coming along with inflation. I was told over and over how much of an idiot i was, but i have the ego. How many times did you belittle me for saying suburbs are not dead?
3b says:
November 10, 2021 at 12:06 pm
Pumps: Again self awareness is called for on your part although it will never happen. It is you who has the massive ego on this blog.
The average covid age of a COVID death is 78. Unless you know of any 78 year olds having children, this cannot hurt population growth.
Inflation plus tax hikes is going to be fun. What a year from now when a gallon of gas and a gallon of milk equals $10. But, since the general muppet population has the attention span of a two year old, the media will do it’s part to blame it on the Republicans, the rich (a.k.a the productive Americans) and anyone not identified as a s0c1alist.
Even a broken clock is right twice a day.
Eddie,
And your doctor’s visit for Gonorrhea is 400.
Fun times ahead. Welcome to the coffin corner.
You called for “wage inflation”. You’ve been told consistently, inflation is coming, and wages will lag all other assets. Housing, oil, food, lumber, anything you want….wages are lagging.
As for calling for inflation, haven’t you been saying it won’t happen the past year because Aunt Cathie said it wouldn’t?
BRT,
I know 5 people that were in their 30’s and 40’s. They will never have their kids, and their kids will never have kids…
Even if they are not having kids anymore, does not deaths lead to a lower population
The demographics needs a lot of help to see growth in the future. Bottom line, covid is not helping.
Brt,
This is my position. I do not see how inflation is sustainable long term at current rates. It’s bound to go down to the mean.
Well, since they are going to be taking over, figured some lessons might be in order.
Here are some you should learn to recognize.
https://www.thebeijinger.com/blog/2015/06/04/25-or-so-words-you-should-never-use-chinese-internet
And your doctor’s visit for Gonorrhea is 400.
Rub some dirt on it.
You said it would “hurt long term growth”. You are wrong.
“Unless you know of any 78 year olds having children, this cannot hurt population growth.”
From what I saw when I erased my father-in-law’s laptop, after his death, some are definitely still trying.
Can someone answer this simple question for me?
Will covid hurt or help long term population growth?
Simple google search will show you the light.
“More than a year since the global pandemic struck, its damage to population growth is starting to become starkly clear, and not just because of the grim death toll.
Major economies from Italy to Singapore, already afflicted by dire demographics, are seeing that phenomenon accelerate after measures limiting social contacts and the worst growth crisis in generations combined to prevent or dissuade people from having babies.
While workplace closures and forced isolation might have encouraged couples to spend time together productively, the number of newborns has been dwarfed by plunging fertility emerging in national data for 2020. They range from France’s lowest birth rate since World War II, to Chinese authorities receiving 15% fewer registrations for babies.”
https://www.bloomberg.com/news/articles/2021-03-14/global-baby-drought-of-covid-19-crisis-risks-population-crunch
‘We’re Talking About More Than Half a Million People Missing From the U.S. Population’
The pandemic is disrupting birth, death, and immigration rates, and the U.S. population could reach its lowest growth rate in 100 years.
https://www.theatlantic.com/family/archive/2020/07/us-coronavirus-deaths-births-population/614503/
Lefty,
Read that second article. 750K people is nothing….nada. I’m an idiot for pointing it out.
Eddie,
Don’t have to.
Medicare will cover it.
https://www.everydayhealth.com/stds/rise-sharply-among-older-americans/
RE: IB salaries. I hope they raise salaries across the board – especially tech and ops… Tons of global attrition and everyone good is going to a tech company… they will lose even more good people… no one wants to deal with this anymore. $125K for a full stack develop 5 years is a joke as stated above.
I apologise, but, in my opinion, you are not right. I am assured. Let’s discuss.
[url=https://articlewebpalace.com]articlewebpalace[/url]
GTEK…..Goldman’s rip off of Cathie’s strategy. Anyone follow it or know anything about it?
Hope it works out for you guys.
Mike S says:
November 10, 2021 at 1:55 pm
RE: IB salaries. I hope they raise salaries across the board – especially tech and ops… Tons of global attrition and everyone good is going to a tech company… they will lose even more good people… no one wants to deal with this anymore. $125K for a full stack develop 5 years is a joke as stated above.
Market turning ugly. Ten year getting ugly. Yo momma was always ugly.
And in case you forgot. FED still purchasing assets. What’s it going to look like when they try not to?
Pumpkin,
Don’t worry about population growth, the Biden/Harris admin is flying people who recently crossed the southern border and is dropping them all around the country. They are primed and ready to mate and create anchor babies, while our welfare systems are all ready to embrace them for a lifetime of government dependence. Biden/Harris are like Johnny Appleseed 2.0 for planting future babies. And bless us, they are almost all “historically underrepresented/oppressed minorities” despite never spending any time in the country that allegedly had been discriminating against them. So much DEI love. Let them spend a few weeks apart and they may qualify for up to the $450,000 bonus round of cash grab.
Want to know how bad the markets are? Bitcoin is down.
Their homes are not even making it to the market. Investors buying it up.
“Zillow Sells 2,000 Homes in Dismantling Its House-Flipping Business
Pretium Partners is buying the houses in 20 markets with plans to rent them to families”
https://www.wsj.com/articles/zillow-sells-2-000-homes-in-dismantling-its-house-flipping-business-11636545601?mod=tech_lead_pos2
Building and Renting Single-Family Homes Is Top-Performing Investment
Average risk-adjusted annual return for built-to-rent investments is now about 8%
https://www.wsj.com/articles/zillow-sells-2-000-homes-in-dismantling-its-house-flipping-business-11636545601?mod=tech_lead_pos2
Guess we have to acknowledge the real estate market has changed. Investors now will take any type of housing and rent it out. If someone sells, they will buy it up if no one else will.
NYC bullish, right Blump?
Wall Street to lead NYC job cuts
Share
By Cate Chapman, Editor at LinkedIn News
Updated 2 hours ago
Almost a quarter of financial-services firms in New York City plan to downsize within five years, compared to 13% of companies overall. A survey last month by the Partnership for New York City also showed a third of employers expect their need for office space to decrease. A slower-than-expected return of workers to their offices has crimped businesses that served them, especially on Wall Street and other neighborhoods where many of the city’s tallest buildings are located.
Bystander,
Honestly, I think finance is dead. Tech took them over. Tech is the king of NY now and this world. It’s changing right before our eyes.
Banks used to steal employees, now their good employees are the food for tech.
How bad was Zillow’s automated buying programs if they had to take a big loss on homes they bought at a time that home prices are still rising? Even a dart throwing monkey could have made money flipping homes (or buying stocks) over the past 18 months. I wonder if there was some sort of inside job, stealing money from the company with insiders flipping homes to their employer at really bad prices. Or the idiot programmers never heard of the concept of “adverse selection” and thought some simulated data proved their concept.
Unconfirmed but apparently Zillow used approx 800 H-1b and offshore programmers to develop the automated programs to gobble up those homes and overpay. People who never lived here and don’t understand perhaps the rules of real estate, beginning with all real estate is local.
Apple $AAPL is currently planning to release its Electric Car in 2025 according to AutoEvolution
https://twitter.com/stockmktnewz/status/1458498485276352517?s=21
I still believe in zillow long term. I respect that they were humble enough to admit they were wrong, cut their losses, and move on.
“Tech is the king of NY now and this world. It’s changing right before our eyes.”
Until their valuations return to earth.
I remember when Department Stores were the King of NY. Gimbels, Corvettes, Alexanders. Then people stopped wearing clothes.
Can someone answer this simple question for me?
Will covid hurt or help long term population growth?
It’s already been answered for you
Bystander 125k, are they on drugs? Maybe they can go to a middle of the road state school and hire a CS grad for that money. The starting base for a developer around here is 150k plus the expectation of a 30% bonus. College hire’s 20 years ago from top schools would get that kind of offer. My friend recently hired a dev at that kind of number, they literally hired them out of a boot camp, so literally no experience and not even a CS degree. It used to be that 200k was good comp for a developer in NYC but now 300k is the new 200k. It was bad 7-8 years ago, I can only imagine what it is like now, back then you’d do 100 phone screens and probably 40 or 50 in person interviews to hire one developer. What happens when they present that 125k offer, hopefully they are letting these people know before interviewing that the salary is meager. The only way this works is if they are sponsoring visas, my developers on visa make like 95k-150k, this is why they axed all of the americans who workled for me a 6 years ago.
BRT I think it may cause population growth to pick up, lots of people we know are having more kids. I think being locked up with nothing to do and the perspective gained from the pandemic is causing people to want to pop out kids.
It took them 800 developers to fck up that bad? That’s almost as absurd as the loss on houses.
Wow, Blumpy..that is 180 degree pivot. Now, with traditional banking/big finance dead, what happens to all the ops, HR, accounting, legal/compliance, admin staff that are the backbone of jobs in NYC? Please don’t think for a second that fintech picks up slack for these jobs. New companies have already outsourced these functions to outside companies in low cost locations. For clearance/settlement needs, big banks like BoNY, have outsourced all processing to India. I know you will claim otherwise but this is why NYC is in trouble.
Kyle is lying under oath. How much it matters who knows.
Interesting trial.
Again unconfirmed but they are laying off 2,000 people and S*HI*T canning the entire division anyone that was a part of the iBuying program and a write-down of more than $500 million.
“They said earlier this year they were hiring and additional 2000 people and said Zillow said it was hiring at least 214 foreign workers to staff software-development-related positions, two-thirds of the 324 positions it said it has hired since the fourth quarter of 2020, according to federal data.”
We can assume they will layoff the staff here + offshore. So approx 800 that actually tickle the keyboards for a living.
Would have been better use to send off those devs to inspect the shit shacks they were buying.
Zillow is trying to cut it’s losses quickly. They are shopping all 7,000 homes they now own to any investment bank or anyone else willing to pay $2.8 billion ASAP as carrying costs could eat them alive..
BTW it could have been much much worse requiring big brother intervention perhaps fortunately only 10 percent of sellers who filled out the application for their Zillow Offer’s iBuyer Application actually accepted Zillow’s offers.
Guess the benefit of not setting an inflation target or publishing an index, means the Fed can just ignore it. Mandate Shmandate.
Don’t fight the fed.
re: Kyle is lying.
The crowd is fickle.. race, violence, law enforcement, guns and politics don’t mix. That jury has their work cutout for them, and I doubt from what I have seen the prosecution has been able to far to convince all 12 to be unanimous.
The Fed’s mandate is inflation, they have been fighting deflation since the great depression. Banks are not allowed to fail, all balance sheets will be wiped of bad debt. We all know this now, they will print and print and print.
To them 4% or even 6% inflation means pop the champagne. Since the housing caused financial crisis to the advent of this pandemic the central banks around the world tried almost every trick in the book to rekindle some degree of modest inflation with no results. Well it’s here now folks..
I bet Bernake is even doing a little dance right now as deflation, not inflation, was his chief concern. He is vindicated now….
BTW -Redfin’s CEO is quite entertaining. Here are three of his recent tweets.
Glenn Kelman
@glennkelman
3h3 hours ago
More
Hooray! Redfin’s offering a $5,000 subsidy for our agents & photographers to buy electric cars!
https://www.redfin.com/news/redfin-electric-vehicle-benefit/ …
And there’s more in the works to combat climate change, including support for customers to make their new homes more sustainable. Stay tuned!
Glenn Kelman
@glennkelman
Oct 21
More
1 of 5: The data’s in on Redfin’s reduced-stress week! From August 2 – 6, we canceled meetings, discouraged managers from assigning new tasks, & gave ourselves the latitude to work the same or fewer hours. 72% of employees reported getting the same amount of work done, or more.
Glenn Kelman
@glennkelman
Sep 21
More
If the left only vilifies the makers of affordable housing, e-cars & life-saving drugs, it’s harder to get a better world. Yes, regulate plunder, but our problems are too big to solve without the enterprise & expertise of 85% of humanity. Bravo
Okay, dead is an extreme word, but tech is eating them up. Maybe it will change.
As for nyc, I just think that it is an unstoppable force. No matter what you do to NYC, whether slamming planes into buildings or intentionally killing it with covid; this place is lke a roach and adapts to no end. Just when you think it is dead, it comes back bigger and stronger. It’s unbelievable. The fight is that city is the most powerful force on earth.
Bystander says:
November 10, 2021 at 5:15 pm
Wow, Blumpy..that is 180 degree pivot. Now, with traditional banking/big finance dead, what happens to all the ops, HR, accounting, legal/compliance, admin staff that are the backbone of jobs in NYC? Please don’t think for a second that fintech picks up slack for these jobs. New companies have already outsourced these functions to outside companies in low cost locations. For clearance/settlement needs, big banks like BoNY, have outsourced all processing to India. I know you will claim otherwise but this is why NYC is in trouble.
It’s unbelievable how many people work 40 hrs but really only do 20 hrs of work. That’s what this tell me. Other 28% carry the company and are overworked, just like a classroom.
“Oct 21
More
1 of 5: The data’s in on Redfin’s reduced-stress week! From August 2 – 6, we canceled meetings, discouraged managers from assigning new tasks, & gave ourselves the latitude to work the same or fewer hours. 72% of employees reported getting the same amount of work done, or more.”
Lib – re: “I remember when Department Stores were the King of NY. Gimbels, Corvettes, Alexanders. Then people stopped wearing clothes.”
You forgot one. I was reading an obituary today of my cousins FIL. Very nice Italian man just passed at 88 yrs old. His first job was “Two Guys”. He was there from the 1950s until it’s demise in 1982.. Had a pharmacology degree so not sure exactly he was doing there, he ended up retiring in 1990 from Wakefern at the ripe old age of 57! I will have to ask at the wake tomorrow.
“Two Guys” is Vornado.
Dave Gilmour concert at the Wellmont. That’s a hard no from me. I cant stand Tribute bands. I love Gimour, but I dont think I could take someone butchering the solos.
I was going to head out to a restaurant the other week and found out these guys were playing. https://www.youtube.com/watch?v=ONCFyzmwYZQ
Granted they are slightly better than Fat Tony from Staten Island trying to squeeze into his Sequin Suit to cover Elvis, the Vegas years, but they still a little off.
Life imitates art. The movie Gravity was back in 2013.
The ISS could be in trouble 8 PM EST.
Seems the Chinese satellite they blew in 2007 had a piece headed towards the ISS.
https://tinyurl.com/h67s2cxh
Juice,
A trip down memory lane for your pleasure.
https://www.nj.com/news/2015/12/vintage_photos_of_discount_and_department_stores_i.html
Lib,
While you may have Costa Rica figured out I would suggest that others really research it.
Here is an interesting piece with pros and cons. YMMV Many of the points she makes, I found when I moved here. https://www.youtube.com/watch?v=cbGMngGx2xk
“Zillow is trying to cut it’s losses quickly. They are shopping all 7,000 homes they now own to any investment bank or anyone else willing to pay $2.8 billion ASAP as carrying costs could eat them alive…”
The day of announcement their phone was ringing off the hook with offers….institutional rental is hot, nowhere else can one pick up that many houses in those markets, and money is nearly unlimited and free…can guarantee numerous private equity firms, including ones that don’t even have a company in their portfolio, just an exec on the side.
Smart for them to exit in one (or a few) quick transactions…not even for carrying costs but optics for the share price…would have been even better if they had this finalized for earnings three days ago….erp….
Still perplexes me why they didn’t go the rental route originally…IIRC the person in charge of the IBuy division was a former exec of Invitation Homes…..
Beijing is working on a controlled implosion of the real-estate giant, selling off some assets while limiting damage to home buyers and businesses
https://www.wsj.com/articles/evergrande-china-crisis-real-estate-developers-11636552507?st=b24a4i25kbtmpe6&reflink=article_copyURL_share
Is this truly the end of 19/20th century economics? The end of the major bust cycle? The era of Fed intervention economics?
Or is a depression upon us?
One so significant it sends us backwards in terms of innovation?
Wild. I would not touch it.
“$RIVN IPO faded off its $119.45 high to $100.93, below the opening price of $106.75.
Market cap implied here is $98.85B, making it one of the biggest car makers in the world-that doesn’t make many cars at all.”
https://twitter.com/mayhem4markets/status/1458508356201721865?s=21
No one is going to be the next Tesla…no one else has elon musk.
Whole lot of Pumps in here today, same as everyday!!
Bystander: People will move into all those empty buildings cause NYC is the place to be or at least according to the blog oracle.
More and more firms will be doing the WFH. Even Jamie Dimon s firm. My Brothers law one of the big ones is seriously considering going 4 days WFH, one in office, decision early in the new year. Train parking lot in my town less then 10 cars a day. We are going into 2 years of WFH , there is no going back in spite of the howls of one person. WFH , destructive technology.
Imagine a world where personal-vehicle ownership has been banned. Here’s what a commute home from the office might look like in a car-free city in 2040.
https://www.wsj.com/articles/what-a-commute-in-a-car-free-city-might-be-like-11636473615?st=kd79ej82b7nu33x&reflink=article_copyURL_share
Yep, they will all be home!
Fab,
I watched the video. Thank you. I’ve heard all of it and it’s all true. But the key she makes is frugality and planning. That’s my forte. The aspect she leaves out is that most people who move to CR have expat living in mind. I do not plan to live among expats. I plan to be as Costa Rican as possible. I’m already brushing up a bit on my Spanish and plan to start by spending one season a year down there. Then it will be a slow transition to my final resting place.
I spent a lot of my childhood shopping time in Two Guys. Two Guys was strange in that they had a grocery store in the middle of the department store. It was kind of wacky. Great toy department though. Probably the largest of any department store. I remember when it shut down in East Brunswick. The clearance sale was legendary.
South Jersey Gym Owner gets 41 months in the big house.
https://twitter.com/MarshallCohen/status/1422682012180172801
Robotics CEO Says Goal Is to “Remove” Human Labor From Economy
https://futurism.com/the-byte/robotics-ceo-goal-remove-human-labor
I confirm. And I have faced it. We can communicate on this theme.
Sure version :)
FAB – not from South Jersey he lived above the Mason Dixon line. If your worried he seems like he will be able to handle himself in jail. His Gym was in Passaic County Pompton Lakes Fairlamb Fit he is from Butler and is an ex MMA fighter.
I feel sorry for his brother, a Secret Service agent who was assigned to protect former first lady Michelle Obama. I gather he is now assigned to chase after counterfeiters in the back woods of Alaska. Might be a nice break from opening doors and carrying bags for Michelle, and having to listen her constant kvetching about low grade depression.
https://www.nbcnews.com/news/us-news/ex-mma-fighter-gets-3-years-prison-punching-officer-capitol-riot-rcna5152
Move over Amazon.
JD.com in China their version of Black Friday or Amazon Prime Day is called “Singles Day” just had $48.7 billion in sales and incredible record.
They are also now accepting China’s digital yuan for payment on its e-commerce platform during Singles Day for the first time.
JD said that as of Nov. 11, more than 100,000 people had used e-CNY on the company’s app during the Singles Day promotion period which began the evening of Oct. 31 and ends on Thursday.
For the plebes the e-CNY is China’s centrally managed Blockchain money. Real money folks managed by a central bank. Not being front run by a cartel of insiders and early adopters.
There will be no Bitcoin/Ethereum etc in China folks… As they say that ship has now sailed.
Now in my delivery area:
https://www.wfla.com/news/sarasota-county/sarasota-restaurant-sells-f-joe-biden-pizza/
Scratch another 100 million crypto customers off the list.
The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia’s council of religious leaders.
The National Ulema Council, or MUI, has deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering and harm, Asrorun Niam Sholeh, head of religious decrees, said on Thursday after the council held an expert hearing.
https://www.bloomberg.com/news/articles/2021-11-11/crypto-is-forbidden-for-muslims-says-indonesia-s-ulema-council?srnd=cryptocurrencies
China moved fast to maintain control of that. Thing is, this might hurt them as the western world innovates their block chain at a much faster rate. Sort of like when china got left behind a couple centuries ago through isolation policy.
Juice Box says:
November 11, 2021 at 7:46 am
Juice,
Sentenced by a Republican judge. Guess political affiliation doesn’t matter when you attempt to enter the chambers where the privileged feast on our tax dollars.
They are going to make an example of you. Man this guy was dumb. Did he think these were his friends?
Pumps – wrong again.. “innovates their block chain t a much faster rate”
They have already created and rolled out regulated blockchain money, and are now light years ahead of the USA. Heck 14 other countries, including Sweden and South Korea, are in the pilot stage with their CBDCs.. We are the ones that are behind in innovation.
The finest minds at the Federal Reserve out of Boston Branch and MIT are building a CBDC from scratch, it will be a while before our government particularly our Congress gets around to passing laws to make it so. Fed Chariman Powell also says no rush and Sleepy Joe thinks it’s candy coins.
https://www.candywarehouse.com/candy-shapes/coin
Juice,
All I know is that if you own bitcoin; ride this wave, and then sell December.
I also think stocks are at a high percentage to get smashed this coming year in the 1st or 2nd qt. I’m with lib on that. Don’t know if they will drop 50% or more, but def at 20% minimum.
Phoenix – re ” Man this guy was dumb’
Anyone Rioting is DUMB.
Some other prime examples.
Colinford Mattis Graduated Princeton and NYU law.
Urooj Rahman Graduated from Fordham University and Fordham Law School
Both just pled guilty and will be sentenced in February. It could be allot more than 4 years too.
https://gothamist.com/news/lawyers-plead-guilty-molotov-cocktail-attack-nypd-vehicle-during-george-floyd-protests
BTW if there was no Pandemic I have my doubts as to whether many of these people who have been there in Washinton DC or the George Floyd Riots in NYC.
Fairlamb’s GYM was shutdown by Gov Murphy. Mattis was layed off from his law firm job.
Idle hands are the devil’s workshop
Phoenix – re ” Man this guy was dumb’
Anyone Rioting is DUMB.
Some other prime examples.
Colinford Mattis Graduated Princeton and NYU law.
Urooj Rahman Graduated from Fordham University and Fordham Law School
Both just pled guilty and will be sentenced in February. It could be allot more than 4 years too.
https://tinyurl.com/376cjzrm
BTW if there was no Pandemic I have my doubts as to whether many of these people who have been there in Washinton DC or the George Floyd Ri*ots in NYC.
Fairlamb’s GYM was shutdown by Gov Murphy. Mattis was layed off from his law firm job.
Idle hands are the devil’s workshop
BRT – Pick your kid’s poison
https://www.cnbc.com/2021/11/11/moderna-says-covid-vaccine-has-fewer-breakthrough-cases-than-pfizers.html
Zuckerberg is taking no chances of being blamed for possible issues after the verdict. They are actually now censoring the TOP NEWS Story on all MSM right now…
Zuck is giving up the perhaps a billion in eyeball revenue!!! It’s unbelievable so I had to test for myself, cannot always believe what you read on twitter etc. Try the search below yourself no results. some variants do work but that is because the FB censors are just being lazy.
https://www.facebook.com/search/top?q=kyle%20rittenhouse
No thank you. Fun fact on the trials from Pfizer. None of the individuals who were previously infected from ages 5 to 11 either in the shot or the placebo population contracted Covid. So…in effect, recovery from infection was 100% effective by there own data. They were unable to produce a single data point showing that you should vaccinated someone who’s been infected.
Israel has data on the 11 to 17 showing that just 1 shot for that age group was 100% effective in preventing hospitalization. Why are we doing two shots for that group then?
The decision to space the shots 3 weeks apart is based upon outdated situations. You’d be smarter to space them out 6 months apart, which is likely to not only reduce side effects, but possibly reduce the myocarditis risk.
Like I said, no more mRNA for my family. I’ll go adenovirus vaccine.
BRT – re: “no more mRNA for my family”
You might have to man the ramparts and possibly face jail time. Are you prepared for that?
“As I have been saying,I think oil has seen its highs for this cycle. It is headed for the low 70’s next & perhaps the high 60’s.That should help cool off some of the elevated inflation expectations near-term.But most commodities & overall inflation headed higher in coming months.”
Pumps – Biden just did an emergency toilet flush of 3.1 million barrels from the “wartime” strategic petroleum reserve.
Bernake is calling his agent to get him on Dancing with the Stars right now.
For you see inflation days are here again.
I can hear him singing this song..
So long sad times
Go long bad times
We are rid of you at last
Howdy gay times
Cloudy gray times
You are now a thing of the past
Inflation days are here again
The skies above are clear again
So let’s sing a song of cheer again
Inflation days are here again
All together shout it now
There’s no one
Who can doubt it now
So let’s tell the world about it now
Inflation days are here again
Your cares and troubles are gone
There’ll be no more from now on
From now on
Inflation days are here again
The skies above are clear again
So let’s sing a song of cheer again
Inflation times, Inflation nights
Inflation days are here again
Posting follow-up only because I posted the entry….
Closing my last two open shorts…GE yesterday, out of DIS a few minutes ago….
Looking for more, may re-up in ARKK (bit of risk management in there as well since I recently went effectively long PYPL, Z, and TRIP).
Otherwise, anyone have any recommendations on shitty, overpriced companies with incompetent management teams?
Pumps, a few months ago, you were saying it wouldn’t hit 70
You might have to man the ramparts and possibly face jail time. Are you prepared for that?
Hah. Not that I advocate this, but I already know of 2 doctors that are charging 500 bucks to squirt the vaccine into the air and fill out a legit card. Mandates are meaningless. If we want the best results, the CDC and FDA should be operating on transparency, trust, and openness instead of secrecy, censorship, coercion, and trying to make clever memes on their twitter to denigrate people.
BRT – There are 760,000 5-11 yr olds in NJ…..
Governor Mandate says masks stay on until they are vaccinated. J&J has not even started the trial for kids 5-11. It could be 2023 before it is complete…
Crazy editing by FB…..wouldn’t say censoring as my search shows 822k people discussing the topic so it appears you can discuss it with friends and in groups…but smart move on his part….keep it out of feeds, can’t try to blame him based on whether some random post by some random entity was first, third, or thirtieth in some other random person’s news feed…
I’ve always thought Zuck’s intelligence and strategic ability is under appreciated….read the book Chaos monkeys when it first came out…was slightly panned due to the view of some that the author self-aggrandized…one item I took from it though was Zuck’s vision…at one point early on before the preponderance of app stores he shut down any project based on the desktop…mobile only could get his time.
Feels like the same thing brewing here on the political side…he’s been the outlier in opinion on all these affairs.
Juice,
Interesting thing from that study was that Moderna had no breakthroughs in the lower age group, but Pfizer does.
None the less, it also showed unvaccinated people have an elevenfold increased risk of dying compared with those who have gotten the shots.
It’s still a no-brainer to me. Someone aught to educate DeSantis and his Surgeon General.
BRT – There are 760,000 5-11 yr olds in NJ…..
Governor Mandate says masks stay on until they are vaccinated. J&J has not even started the trial for kids 5-11. It could be 2023 before it is complete…
Yes, the people of NJ get exactly what they deserve.
left – you did mention a company to short. How can FB survive without the mobile vulgus……without the very capricious nature of the masses?
Latin word “mobile” was boiled down into the single syllable “mob” in English. What Zuck has done is silenced the mob. There are two massive competing mobs today in American Social Media. Facebook was the center where most met to do battle. It changed elections, it moves opinion and now there is nothing but silence on the biggest news story of the day?
“Anyone Rioting is DUMB.”
Well, had those guys had actual nefarious intentions-it appears they had all of the fish in a barrel- and could have, with some sacrifice, actually changed history.
Luckily for those affected all they wanted was selfies with themselves on the inside and their feet up on desks.
They were much closer to actually pulling something off had they really wanted to.
That opportunity will never present itself again.
The type of riot they did, yeah, that was dumb. But not all protests and riots are dumb- they can create chaos- and when you have chaos, you make opportunity. Otherwise known as a diversion.
Otherwise, anyone have any recommendations on shitty, overpriced companies with incompetent management teams?
NJ.Gov
JB, not a facebook junkie, at all. I have an account solely because some businesses are too lazy (or cheap) to set a proper website and use FB instead so it is the only way I’m able to get access to them 9unusually high number of small band venues actually, lol). No friends. Intentionally.
So, not really sure….what it appears to me is that the brawl over KR is likely still going on in groups and discussions – 822k people talking about it at one time is A LOT….
Seems they didn’t shut conversation down, just the feed they actually control….a user can still pop into their own group (or someone else’s) and yell all they want…FB is just declining to push it out?
Big picture, to me, it seems FB was mostly operating under 230 as intended….utilizing the liability carveout by not publishing….while the other platforms blatantly crossed that line Zuck was always uncomfortable doing so….this action brings them back in line with that original thinking (and the law)?
Being an open platform with no editorial content….
Either way something clearly brewing there beyond meta….decision to not have any news feed on this topic had to be made in Zuck’s office…..not by underlings.
Interesting story. Better on Tik Tok. I wonder how much longer this man will be alive with all of the info he is putting online-and its building momentum. I can relate to this as it’s quite similar to what happened to me.
https://www.reddit.com/r/PublicFreakout/comments/qq3u75/a_mn_cop_contributed_to_the_rape_and_kidnapping/
Phoenix – The bigger crime was they had to drink bud light to make the Molotov cocktails.
BTW they pled guilty to only one charge, but just like that idiot from New Jersey this woman lawyer went on social media calling for violence.
Here is the interview she did 45 minutes before tossing the firebomb.
https://nypost.com/2020/06/05/molotov-lawyer-urooj-rahman-blames-de-blasio-for-not-calling-off-nypd/
Assuming there was no social media calling for violence against law enforcement they might not be facing 10 years in jail.
LW,
You really should have one friend on FB. Can I suggest Pumpy?
Left – Just a we shall see if it effects earnings it will be a bit until next earnings.
They are under scrutiny of the EU right now, which will act faster than Sleepy Joe or our Congress.
8 Billion a quarter in eyeball revenue from the EU
13 Million a quarter in eyeball revenue from the US and Canada
No eyeballs on the ads = no revenue. We shall see.
Have to get new phone, my I phone 6 is dying, can’t complain has it over 6 years. Any thoughts on the I phone 22, or 13 mini? My wife has the 12 and likes it. I think it’s kind of big.
Sorry I phone 12, not 22.
My son has the 13 mini and it’s amazing in every way. Unless you are farsighted. I got the 13pro max in the Verizon deal which is amazing if you have four phones. The camera is crazy amazing. Only problem is that the phone is really heavy. Also, they finally have put durable glass in. The 11 had the softest glass I ever witnessed.
Snowflake story of the day
My daughter’s not particularly woke University removed all the weight scales from the gym/fitness building, replacing them with signs that said it was done “in the best interest for our community”[sic] because “having scales in the wellbeing center is extremely triggering for our students in recovery” [from eating disorders]. Going on to say that if they need to weigh themselves due to a medical condition, they can schedule an appointment to get weighed at Health Services instead of the now cancelled activity of stepping on the scales of the gym.
I find this hard to believe.
What university.
3b
One kid has the 12 mini and loves it. Other kid and me have the regular 13 through the Verizon deal. It’s a great phone. The url bar on the bottom of the web browsers took some getting used too. If you get a new iPhone splurge and get a new charger. Apple has a 20 watt charger for $20 that charges much faster than the chargers that came with previous iPhones and you can charge iPads on it too.
Check out the attorney representing that Gym owner. For a moment I was wondering if we need to do a wellness check on Nom. Maybe Eddie Ray had swapped his tax practice for Red Rubbed Patriot Criminal Defense.
https://twitter.com/MacFarlaneNews/status/1458635844978421762
Hold/Lib: Thanks for the insights on the iPhone s I think I may go with the 13 bigger one, heavier, but larger screen a plus. Held onto to this one for 6 years. I like to get my money’s worth.
JB, not arguing…admittedly don’t know FB from a consumer perspective…not deep enough financially to know the individual revenue streams….investors seem to prize most highly what the advertisers do, the ability to micro target the audience, eg. ‘give me males aged 45-55 in a 25 mile radius, single’…..not sure how that plays into feeds v. the other stuff…
SK, lol…no desire to participate, the few times I have punched in (including a group for my extended family) it’s an entire shitshow…
Although I may hit you up on LinkedIn… :)
Lib,
they can’t even handle weighing themselves in my physics class during one of the labs. I break the ice by stepping on the scale with it displayed on screen for all to see in Newton’s. I usually come in around 800. I joke around because I need to lose 100 Newtons. After that, some are willing to do it because most of them can’t make sense of Newtons. If I were to display it in pounds, there’s no shot at it happening.
Libturd,
Here are the people who I assume are behind it:
https://embodiedwake.wfu.edu/
Libturd, here’s Slate Magazine, which had an article about why some intellectuals want to get rid of scales because of potential psychological harm (see below). But they have no particular concerns about the potential psychological harm of all sorts of sexual perversions that their columnists like to celebrate, like giving tips on how married people can become pansexual.
https://slate.com/technology/2021/06/gyms-scales-weight-loss-exercise-gains.html
NoOne,
Not sure how removing scales solves their agenda which is to stop making fun of fat people. I actually find the commercials on TV that are embracing the chub very smart. Though from a marketing viewpoint, if they swing to far to the wide, they might lose the other 60% of the population who isn’t.
October 2021. It’s all about mental health. So what’s next? Small pen1s appreciation and flat-chest celebrations?
We are living in stupid times.
After Zillow Group shocked the street by shutting down its home-flipping operation, investors have a lingering question: is this just a Zillow problem?
Scrutiny of Zillow’s “iBuyer” competitiors, like Opendoor and Offerpad, is now heating up, Nicole Friedman writes. If Zillow couldn’t predict future home prices, there are doubts about how these other companies can either. “What this is going to do is create a wake-up call for the other iBuying platforms,” said Nick Bailey, president of Re/Max Holdings Inc., a real-estate brokerage franchiser.
Large companies may not have figured out how to make money on flipping thousands of homes, but renting them out is as lucrative as ever. A report from advisory Green Street shows that investors in single-family rental projects that are built to rent expect the largest risk-adjusted returns of any real estate sector at about 8%. The demand for these projects is driving a land grab in parts of the Sun Belt.
And a trio of short-term rental companies are going public this year. Vacasa, Inspirato and Sonder are among the companies testing investor appetite for alternatives to hotels, individual host listings and even traditional office space, writes Konrad Putzier. But short-term firms face headwinds, as they compete with renters to add to their listings.
— Will Parker, Housing Reporter
Lib; Don’t think it won’t happen! We will go down this road of madness until it all comes tumbling down.
Libturd,
My wife gets the catalogue from “Pink” which is a spin-off of Victorias Secret I think, but now they seem to use fat & ugly diversity models. Even the most fat and ugly people don’t want to see these people running around in underwear. She threw it out immediately because it was just gross to her, after she showed it to me and our daughter to illustrate how standards are going downhill.
It’s funny what you find hot in middle age. Got MILF ?
Flat chested women try harder. I like.
anyone reserved a F150 lightning?
I am not so much of a truck guy, but always wanted one and wanted to get the 7500 fed rebate if possible, so I made the reservation. It won’t come in a year, but all the reviews are super cool. Any ideas about what I should consider in ordering the proper the trim level.
Town, my dad had one. I used to drive it often. Awesome vehicle and insane power. But careful on wet days
I was actually inspired by the backup power feature of the F150-ligthning. With the option, it can power the house for a few days during a power failure. Looked cheaper than spending 10K on a gas generator.
re: “anyone reserved a F150 lightning”
I can only imagine next year where there are a ton of sub six second 0-60 electric cars and trucks on the road that can also do a 1/4 mile in under 13 seconds that highways are going to become like a death race.
Precisely in the purpose :)
In it something is. Many thanks for the help in this question, now I will know.
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“highways are going to become like a death race.”
Master Blaster runs Bartertown.
njtwnhomer,
Don’t forget about the NJ Charge Up $5,000 rebate. In 2020 it was not a point of sale purchase rebate, and buyer had to apply via PDF form and send it off to the state.
The kicker is that it the appropriated funds are limited. This year it ran out in August. Next year, I’m assuming Murphy rubber stamps it again, it may run out faster.
That’s 12.5K off. Oh, also BEV purchases/leases are not taxed in state of NJ.
Electric vehicles taking over, that’s for sure. My family is pretty conservative, wonder who will be the first to go electric. I know I’ll be holding out for as long as I can. I love the sound of strong ICE. The hypocrisy I live with. Im for the planet, but love gas guzzling vehicles.
I can’t wait for gas prices to drop as people switch to electric. It might be time to invest in newspapers again. People are going to need something to read while they wait the 40 minutes for their cars to charge on longer trips.
I apologise, but it not absolutely that is necessary for me.
[url=https://thetranny.com/]thetranny.com[/url]
I can only imagine next year where there are a ton of sub six second 0-60 electric cars and trucks on the road that can also do a 1/4 mile in under 13 seconds that highways are going to become like a death race.
It’s already happened on 78 in the morning.
In Portugal, it’s now illegal for your boss to call outside work hours
https://apple.news/AxIRSxI_eTDq89In-k14r_A
Central Epidemic Command Center (CECC) head Chen Shih-chung (陳時中) said on Wednesday (Nov. 10) that a panel of experts has decided to suspend administering second doses of the Pfizer-BioNTech (BNT) COVID vaccine to children 12-17 years old amid concerns it may increase the risk of myocarditis.
Cases of myocarditis (inflammation of the heart muscle) and pericarditis (inflammation of the outer lining of the heart) have been reported after BNT vaccination of children between 12 and 17 years of age. According to U.S. statistics, the risk of youths experiencing myocarditis after receiving the second BNT dose is 10 times higher than after the first dose, CNA reported.
Some countries have adjusted their policies regarding administering COVID-19 vaccines to adolescents. For instance, Hong Kong has changed from two doses of BNT to only a single dose for those aged 12-17. The U.K. has done something similar, recommending only one shot for children between 12 and 18 years of age, per CNA.
Gee, who woulda thought. Sensible policy based on data. No…not here. Two shots for you because that’s what we told everyone else to do.
In my opinion you are mistaken. Let’s discuss.
BRT,
The last time the government admitted they were wrong will be the first time.
We really are devolving into a third world country. You should see my dealings with FEMA. Holy disorganized sh1t show of a government organization.
Hello,
New music 2021 https://psytrance2020.blogspot.com
Best regards, Andrea
Last
The CDC reports 98.5% of adults 65 and older have received at least a first vaccine dose as of Wednesday, while 85.8% are fully vaccinated.
That includes 99.9% of adults ages 65-74 who have received a first shot (88.2% fully vaccinated) and 95.7% of those 75 and older (83% fully vaccinated), according to CDC data.
The percentage of vaccinated seniors is far higher than the 67.7% of the total U.S. population that’s received at least a first dose, including 79% of those 12 and older and 80.9% of all adults.
Younger Americans are less likely to be vaccinated, with 57.3% of those ages 12-15, 64.1% of ages 16-17, 67% of ages 18-24, 70.6% of ages 25-39, 78.6% of ages 40-49 and 85.9% of ages 50-64 receiving at least one shot.
Cases have declined among over-65s as a result of their high vaccination rates, with cases among those ages 65-74 going from 337 per 100,000 people in January, before vaccines were widely available, to 157 cases per 100,000 in early September during the delta variant surge and 64 cases per 100,000 as of November 6.
Deaths have gone down even more, particularly for those over age 75, going from 53.5 per 100,000 people in January to 15 deaths per 100,000 in September and 0.7 per 100,000 as of November.
In Portugal, it’s now illegal for your boss to call outside work hours
Not surprising, we had this issue with our French development team, who worked French hours by law.
Meaning, when the US customers were using their platform would run into issues, or had an outage, we would have to wait 24 hours to get it fixed. There was absolutely zero concept of “being on call” in France, it was technically illegal. They didn’t want to hire a set of employees to work nights, because apparently that’s nearly impossible too (skilled technical labor working evenings? oh no no no).
They just couldn’t understand why we couldn’t sell their platform to our US enterprise customers. What’s your service desk hours and outage SLAs? Uh, 9 to 3, Paris time, except for an hour and a half or so around lunch, where everyone disappears. They aren’t so productive in the afternoons after that, so mornings are better. Which means your service desk hours for San Fran, are going to be midnight to 4am. Oh, but even if you call, there is only one guy that speaks some English, so good luck with that.
Companies like Facebook, Amazon, or Google, could have never began in countries like France, it’s completely incompatible. Western Europe presents ZERO threat of out-innovating the US.
Michael Burry aka Cassandra is back on Twitter with warnings.
Michael Burry warns the ‘mother of all crashes’ is coming – and predicts crypto and meme stocks will plummet
Did allot of work for a French Company with US offices. Whenever the French guys would show up they would stink up the conference room with cigarettes. They did not ban smoking in offices in France until 2007 lol….
The Y2K audit and remediation work and documentation we did for their US systems was copied by them and translated and presented as their own work to senior management over there.Pretty comical. They happily paid our rates at the time and I would regularly bill them while working at other clients. Those were the days, all the billing paid for my boat!
I have deposit down on the F150 lighting and the cybertruck. For $100 cant hurt. When Chevy announce I will probably do the same. See which one comes out 1st.
My commute is just over 100 miles a day, 3 days a week. Currently my 4runner is getting 18mpg, so with the possible tax credits I may take the leap. Nothing to loose at this point.
For all the bad press FB gets it really is a great platform to share live video. My cousins are currently streaming my Uncle’s funeral procession right now from Ireland. It’s a small village that really never had great cell service, but now I am watching HD video streaming with no issues and it’s free. I have quite a large family as my grandparents had nine children, and many of us are online now watching the funeral from many different places. In the past a few of us from here would have flown out to represent the family, these days it’s all online nobody has to travel etc. I have one first cousin that lives in Brooklyn who did fly out for the weekend to attend. There are no flights to Shannon Airport anymore, so it’s Dublin and drive, at least they built some highways over the last 20 years. Tourism there is still pretty dead and travel is restricted a bit still, quarantine if unvaccinated and documentation if vaxxed etc but they all seem to be getting by.
See, Putin was behind the EU border crisis all along. Now he’s flying bombers over the border in a sign of force.
Clearly, he thinks Biden is weak, and won’t back the EU. He’s going to keep pushing.
“anyone reserved a F150 lightning?”
Rivian reservation with $1k refundable came with an option to purchase up to 175 shares at IPO price….c. $8500 gain.
Not directed at you two guys, but why otherwise rational people want to send more money and give more regulatory power to government is entirely beyond me…..
“You should see my dealings with FEMA. Holy disorganized sh1t show of a government organization.”
“Companies like Facebook, Amazon, or Google, could have never began in countries like France, it’s completely incompatible. Western Europe presents ZERO threat of out-innovating the US.”
It could be checkmate for the EU and they may end up going back to coal. Lukashenko is now openly threatening to cut the gas pipeline that travels through Belarus about 20% percent of Europe’s Russian gas imports. If that is in play then the rest of the gas is too.
We never built enough export terminals and infrasture here and in Europe either, so we literally cannot export enough gas to keep the prices down and help them even though our gas exports have surged massively in the last five years.
Juice: A lot of highways in Ireland now. It’s a straight run now from Dublin to Galway, takes about 2.5 hours to go east coast to west coast. Train service is also great. We do the streaming as well for my Aunt, for people she knew in her village that have passed away. I don’t know why they stopped flights into Shannon big mistake.
“Clearly, he thinks Biden is weak, and won’t back the EU. He’s going to keep pushing.”
Place Biden in any authority role….
Your parent when you were a teenager
Your boss on a perfect August Friday
Your President opposite Putin/Xi
Would his response have any bearing whatsoever on any action you contemplate?
Entirely insignificant.
LOL.
Who knows, but they might finally be right. Just feels like too much money has been made by way too many people. We all know how this usually ends, but maybe this time is different.
Juice Box says:
November 12, 2021 at 7:22 am
Michael Burry aka Cassandra is back on Twitter with warnings.
Michael Burry warns the ‘mother of all crashes’ is coming – and predicts crypto and meme stocks will plummet
Putin know Biden is weak so he is up to mischief of course. Russian foreign minister says no desire to invade Ukraine unless Ukraine or someone else provokes them, like US naval ships hanging around in the Black Sea. Never mess with the Russians and the Black Sea.
CEO of Mc Donald s being pressured to resign over his comments that parents are responsible for their children, the leftist thought police have deemed his comments to be racist and ignorant.
Juice CIO of Morgan Stanley Wealth Management warning as well misallocation of assets. More are starting to realize the Fed is asleep at the wheel.
Pumps did some digging on shorting bitcoin. The CME will let you buy options but there is very low volume on the calls and puts. Seems the institutional buyers that the crypto cult clamors for is not materlizings in the USA.
https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.quotes.options.html
The CME has not issued options on the micro contracts either which is 1/10th of a bitcoin, more of a retail trade although some trading platforms want 150% margin due to volatility.
There are tons of unregulated coin markets out there selling options…I would not send them one cent however. No way no how they will be around to pay you when it crashes.
It’s our own fault our relations with Russia are bad. We rubbed their faces in it after the collapse of the Soviet Union and the Warsaw Pact. We should have teamed up with them as a counterweight to China, but no, Russia is a dictatorship so can’t do that. Yet, we had no problem with China s dictatorship.
3b – We had a good relationship with Yeltsin when Bill Clinton was president, he allowed us to send in our people to dismantle their nuclear arms in the 1990s and we gladly paid for it too, even during Bush II the Cooperative Threat Reduction program continued. Obama wanted to continue the cooperation disarmament program, so he sent in who he thought was his best asset to work out a deal.
Some don’t want to hear it but when Secretary of State HRC tried to have a go at it in 2009 with a red restart button relations soured and by the time she left office four years later in 2013, she had become the main reason for our soured relations with Russia. As the door was hitting her in the ass on her way out she even wrote a memo to President Obama telling to snub Putin, and decline his invitation for a presidential summit.
Again three years later when she was running for president she doubled down on her anti-russian rhetoric. Putin would fire back with repeated attacks against her in the press, it was very personal. I am glad she did not get the resolute desk, even Trump was the better option for you see there would have been several new war fronts opened by now under HRC as president.
Let’s hope sleepy Joe can cajole his old buddy Putin. The two seem to have talking working relationship they got on well in Geneva in June. Some should tell him not to call HRC for advice and accept the offer to meet in person early next year.
Nice to know global peace is in the hands of these narcissists.
Sleep tight Folks.
“Misallocation of assets”.
Sure, that’s the problem. The bubble in every asset class has nothing to do with 25 years of money printing.
re: “Misallocation” It is just a reflection of our market imperfections.
What could possibly go wrong? For example the NJ teachers Pensions..
Here is the October report domestic equity purchases and sales report.
They did not take any chips off the TABLE in TFANG stocks.
The pension is now holding 57 Billion in Equities.
Portfolio %
APPLE INC 5.33
MICROSOFT CORP 4.55
AMAZON.COM INC 3.31
META PLATFORMS INC 1.91
ALPHABET INC CL A 1.83
ALPHABET INC CL C 1.78
VANGUARD S+P 500 ETF 1.60
TESLA INC 1.27
NVIDIA CORP 1.18
JPMORGAN CHASE + CO 1.02
https://nj.gov/treasury/doinvest/pdf/Monthly/DomesticEquities.pdf
Let’s hope they take some of those massive profits. It’s over a $100 Billion now about 1/2 the way to solvency.
How could they possibly replicate the Pension funds massive performance this year going forward in Domestic equities?
“the Fed is asleep at the wheel”
Yeah. You think so? S&P 500 up 117% in 5 years and Nasdaq up 200%. In the last two years, it’s 85 and 50% respectively. And this is during a Pandemic that killed 5 million people worldwide!
If it’s too good to be true, then it’s too good to be true. That’s always been my timing signal. I am still 60/40, but going to 50/50 probably right before Thanksgiving because I think a lot of people are not aware of how bad this supply line crisis really is, but will realize it when they do their stupid Black Friday shopping as well as supermarket shopping. We couldn’t even get any decent juice boxes at Shoprite yesterday. Just the sugary fake crap available. Shopped from home of course.
In other news, people aren’t getting the boosters. This winter is going to suck for Covid again. This will not help the market either. It’s already happening in the northern states and the colder Euro countries. We were first to get the vaccine, without boosters, we will be just like Israel. We are a very stupid people.
Juice: Hillary was a disaster all around. On a personal note my friend is a retired Secret Service agent, and was on the Clinton detail, he told me everyone in the White House staff from the kitchen crew on up liked Bill, but despised Hillary, apparently she was absolutely miserable.
I like their Alphabet and Chase investments. The rest will more than halve in the correction.
Friday is not fun enough yet so time to turn up heat. Baby Charles Bronson walks on murder. I don’t think any question about that as our country has lost its mind on arbitrary militia vigilantism, fake authority and police deputization like its OK Corral. He gets full 9 mos in prison for illegal possession of dangerous weapon under 18.
3B – I can understand why she was mean to the WH staff. Bill was after all the Philanderer in Chief and embarrassed her publicly and probably many many other times we never even heard about. The staff knew what was going on since at least 1995 with Lewinsky (and perhaps others) and probably laughed and snickered a few too many times in her presence, that would make any wife crazy.
I sure after she pulls the plug on Bill she will write her tell all book. I will be sure to buy a copy too.
Bill also bagged Miss America Elizabeth Gracen. She was absolutely smokin’. That marriage is nothing more than political show and she was p*ssed he got caught, not affair itself. Let’s be realistic.
“Best bets
Let’s assume that I’m right about the stock market not crashing anytime soon. Does that mean that buying pretty much any stock that has performed well over the last couple of years is a good move? Not necessarily.
Just because the stock market is less likely to tank doesn’t override the fact that many stocks are absurdly expensive right now. That’s a big reason why Warren Buffett isn’t buying many stocks these days.
I think that the best bets for investors are to go with stocks that benefit from secular trends that are absolutely unstoppable and/or have reasonable valuations. Brookfield Renewable (NYSE:BEP×) (NYSE:BEPC×) and Viatris (NASDAQ:VTRS×) are two stocks that stand out, in my opinion.
Brookfield Renewable owns hydroelectric, solar, and wind facilities across the world. The demand for renewable energy will almost certainly increase significantly over the next few decades as countries reduce carbon emissions.
The company is positioning itself to meet this increased demand. Its development pipeline capacity is more than 150% of its current capacity. Brookfield Renewable projects average annual total returns of close to 15% over the long term.
Meanwhile, Viatris ranks as one of the cheapest stocks on the market right now. Its shares trade at less than 3.6 times expected earnings. The stock is priced at only 76% of its book value.
Granted, Viatris’ business of selling generic drugs and biosimilars isn’t exactly exciting. But the consensus Wall Street price target reflects an upside potential of nearly 50% over the next 12 months. Analysts seem to think that Viatris has nowhere to go but up. Even if I’m wrong and the stock market does crash, this is one stock that isn’t likely to fall too much because it’s already valued so attractively.”
Bystander, why do you care if he walks? What difference does it make to you?
I don’t understand the opposition to natural gas pipelines.
Juice: That would be understandable. Hillary strikes me as a very angry person.
Juice @ 7:22
I wish that guy would stop teasing. It can’t get any harder.
BRT – It is not wind, water, or solar. That is all you need to know.
I went to my local Target in Edgewater the other day. Something seemed off in the pet isle… and then it hit me!
Shelves lining the isles used to have FOUR tiers such that the highest shelf was right around 6′ height. They’ve since removed the highest shelf and presto change-o! Less shelf space.
Even with that half of the shelves was empty.
Been trying to get a handyman out for a few projects since April/May; most never bother to get back to me. Just got this response from a guy whose contact I either got from his truck while out driving, or from the advertising placemat at a local diner — sign of the times!
“Sorry, but we are booked out 20 weeks to include the Holidays and are unable to accept new work with in that time period.”
Small,
The prices for handyman are out of control. Everyone and their mother taking advantage of the situation.
One dude quoted me $3300 to paint the waist height wood trim with fireproof paint (my house gets inspected every 5 years from the state) in my hallways at the rental. Is he insane? I rather take a personal day at work, and do it myself. $3300 is like $5,000 in earnings after taxes. So charging me like a month’s worth of salary for an avg worker for maybe half a day’s work. Wild. Dude, wanted 90 dollars to change each fire alarm. I’m like wtf?! No choice, but to do sh1t yourself at these prices.
Only good news I read about today was some “fibers” that might be able to help those with spinal cord injuries walk again.
At least some with intelligence actually try to help others rather than steal from them, manipulate, go on a power binge, or outright destroy everyone or everything.
As far as Baby Charles Bronson, expect to see more of this as this country of malcontents (many rightfully so) exercise whatever rights they have or believe they do.
As Carlin said, “It’s a form of entertainment.”
Do you hear the people sing?
Singing the song of angry men?
It is the music of the people
Who will not be slaves again!
When the beating of your heart
Echoes the beating of the drums
There is a life about to start
When tomorrow comes!
Will you join in our crusade?
Who will be strong and stand with me?
Beyond the barricade
Is there a world you long to see?
Then join in the fight
That will give you the right to be free!
Things I learned today so far: Satchel Paige is “The Great Negr0”. I’m not really sure why O’Brandon was blabbering on about “The Great Negr0” during his Veterans Day bumbling… um… address at Arlington National Cemetery since I don’t believe Paige was a Veteran or even in the military. But, does it really matter when c0cky pants goes off into nether-nether land?
Is he insane?
No, it’s not him that’s insane.
Biden asking about Satchel Paige:
https://youtu.be/YvT_gqs5ETk?t=55
“So they attack the billionaires for not paying their “fair” share. They propose a tax on capital to force billionaires to sell their stocks to pay taxes. Those stocks go down costing millions of people money. That’s why taxing capital is stupid AF.”
https://twitter.com/gerberkawasaki/status/1459193094469869574?s=10
This is the second time he’s bringing up Satchel Paige like that. He reminds me of my senile grandfather. He always loved figure skating. He actually did it when he was in his 20s. Every time we went out to eat, he would go up to some random asian girl and ask her if they saw “that chinese girl” skating on TV. He was referring to Kristi Yamaguchi. This went on for like 5 years. I would always have to apologize for him.
At least he didn’t say Oriental.
My mom still uses that.
“Joe, the meeting to address the supply scheme initiative is in 10 minutes.”
“Huh, ice cream? I’ll take that butter pecan.”
“No Joe, supply scheme.. as in a plan to alleviate the supply issue.”
“Irish Stew? Let me tell you about growing up in Scranton!”
Eddie,
Think about this for a minute. He was voted in by a majority of the people that live around you.
Those who drive Buicks which have blue plates on them.
Re: Rittenhouse…
Event occurs at a location.
Parties with opposing views have differing opinions on the event.
These parties gather at the the site of the event to express their respective views.
No one party has more right to that space than another party.
I am starting to enjoy Eddie’s Biden screeds. Don’t hold back now.
lol Lib,
my old landlord had something bad happen in Vietnam. He had adopted four asian kids out of some guilt. He would always refer to them the same way.
On Rittenhouse.
By the rule of law, he should walk. In the court of common sense, he should spend some time behind bars.
My guess if he’ll get a short (under one year) sentence for illegal gun purchase and he’ll be out in three months.
It’s time to change the laws. Rittenhouse’s actions were deplorable. Unless you are cool with vigilante justice ruling the land, then you have to agree that some laws need adjusting.
I am pro gun. For hunting, mainly. Not a big fan of the self defense justification because I’ve seen how most people drive and reason.
A rally is no place for guns.
Bystander says:
November 12, 2021 at 10:35 am
“…our country has lost its mind on arbitrary militia vigilantism…”
Our country actually lost it’s mind on Democrat-approved rioting; you know the months and months of burning, looting, property destruction and physical violence that the Dems allowed because they thought it would be bad for T. Surprised we haven’t seen more vigilantism given the Dems refusal to enforce law and order.
Goat,
Why? It emboldens the crazies who think armed militias have open killing authority in places deemed volatile, state of emergency situations, particularly when not their property. Let the trained police handle it. Arsonists, looters will be caught on video and charged appropriately. Simply put- a bunch of nutty militia brandishing high powered weapons, triggers some of the mentally unstable like Rosenbaum (who was not leftist protester fyi). Huber and Grosskurtz were tackling a dangerous shooter who just killed someone and was running with a rifle up. Why are they not heroes? Did they loot or arson? Where is that evidence for right nut jobs to say they deserved what they got? Sick.
Nails it in the “salt” debate…
“are you oblivious to the fact that you’re working against the states that do the most for the poor and charge their poor the least in state SALT burden? The states that burden their poor get no burden here. Or are you just blanket communist trying to turn us into north Vietnam?”
That’s why these states have the high tax burden…they actually help the poor. It’s funny how progressives want to hurt the states that do the most for the poor. Losers.
They didn’t even complete an investigation before filing charges. The case should never have been brought which is why they are using dirty tricks.
“that the Dems allowed because they thought it would be bad for T”
You really have a political sickness.
Didn’t Brandon also try to tell a joke to the Pope about Satchel Paige? He’s fixated. His Namenda dosage should be upped.
“My guess if he’ll get a short (under one year) sentence for illegal gun purchase and he’ll be out in three months. It’s time to change the laws. Rittenhouse’s actions were deplorable…A rally is no place for guns.”
So how many years for the convicted felon illegally in possession of the handgun he pulled on KR before having his bicep blown off?
Oh, that’s right, he wasn’t charged?
ByS…your 12:27p screed has all the logic (ie, none) of a typical Pumpkin post…
Read it again, carefully and slowly….
“The Pareto Principle.
20% of your stocks will produce 80% of your gains.
2/3 of stocks underperform.
Your mega winners will pay the bill for all losers.
“Only one or two out of every 10 stocks you buy will be truly outstanding and capable of doubling or tripling in value””
left it was a misdemeanor, Grosskreutz was allowed to own the gun he just did not have a concealed carry permit.
There were weapons everywhere in Kenosha Wisconsin during the protests that turned into riots. I am surprised there weren’t more shootings. The survivor the “Medic” Grosskreutz was armed and pointed a loaded gun with one in the chamber at Rittenhouse. He testified to the fact that all sides (whatever those may be) were heavily armed.
Over 250 arrests and more than more than 20 guns were seized. Not all were from the State, the county or the town. There were some outside agitators from both sides, some armed with guns and others with kitchen utensils.
BTW they all should be locked up for being stupid enough to go anywhere near a RIOT. The Feds got the location data from all of the phones via warrants. Kenosha library and museum were torched. Why the hell would you burn books and a museum?
JB, my points exactly….all the MSM reporting start with “KR shouldn’t have been there” and the Left posts on here have a sole focus on the kid having a weapon.
Haven’t gone down into the weeds and no time to but there is no way in Wisconsin that open carry of a long gun is penalized more heavily than concealed carry of a handgun.
Plus, he had a prior handgun conviction (intoxicated use of a firearm, JFC) and IIRC also a felony burglary offense…
So again, what about the felon in illegal possession of a firearm (again) that drew down on KR?
I said it at the time, on here…..KR should not be charged…with that level of composure, after being chased and on his back, staring down a drawn pistol, and still be able to maneuver and effectively fire a long gun…kid ought to get a marksman medal and an engraved invite to Parris Isl.
Bystander
When Ashley Babbitt was killed, few people online said they “took out the trash.” That talk goes both ways.
You throw yourself in the middle of a melee and you better be prepared for the consequences.
With the politicization and selective protection very few of the BLM roots have been charged. Some obscene amount of damage was done. Upwards of 25B. And the cops were told to stand by and watch.
Water heater repair . . .
Anyone have a repair company they recommend? Water heater needs a new thermocouple and I’d rather hire someone to do it.
You guys use PSEG appliance repair or any independent company?
jj Lives!
https://nypost.com/2021/11/12/girl-11-catches-gonorrhea-swimming-in-italian-hot-spring/
Left Grosskreutz did not have any felonies. Rittenhouse was a 17 year old child and should have been at home during RIOTS. His mom should be locked up too for not supervising him and being a moron for driving him into a war zone, it’s no different than an inner city parent letting their child run around with guns unsupervised. This all happened around midnight too. THE KID SHOULD NOT HAVE BEEN THERE.
Lock them all up and let’s move on.
I’ve been thinking, posting here, and putting my money where my mouth is on this topic for years and years………………….
grim says:
November 12, 2021 at 6:52 am
Companies like Facebook, Amazon, or Google, could have never began in countries like France, it’s completely incompatible. Western Europe presents ZERO threat of out-innovating the US.
Remember…. they also hate us for it while concurrently denigrate us too….. don’t listen to those pompous soc!alists….
chicagofinance says:
November 12, 2021 at 1:43 pm
I’ve been thinking, posting here, and putting my money where my mouth is on this topic for years and years………………….
grim says:
November 12, 2021 at 6:52 am
Companies like Facebook, Amazon, or Google, could have never began in countries like France, it’s completely incompatible. Western Europe presents ZERO threat of out-innovating the US.
3b is racist
https://wgntv.com/news/chicago-news/fundraiser-started-for-university-of-chicago-graduate-shot-to-death-in-hyde-park/
3b says:
November 12, 2021 at 8:44 am
CEO of Mc Donald s being pressured to resign over his comments that parents are responsible for their children, the leftist thought police have deemed his comments to be racist and ignorant.
Have you seen the hookers in Moscow?
Juice Box says:
November 12, 2021 at 9:32 am
3b – We had a good relationship with Yeltsin when Bill Clinton was president, he allowed us to send in our people to dismantle their nuclear arms in the 1990s and we gladly paid for it too, even during Bush II the Cooperative Threat Reduction program continued.
Lib,
“that the Dems allowed because they thought it would be bad for T”
You really have a political sickness.
Au contraire, this is exactly correct. An outsider with b.alls came in and started a movement that was a loooooong time coming. He kicked in some doors, albeit, with a heavy dose of narcissism and self-absorption but make no mistake about it, we were on a path to return to glory just months after the left’s f.ucking sav1or, Barry Oblammy was attempting to lead us into the path of s0c1alism. Trump burned that shit to the ground and fast and it left the progressive toadies stewing in a seething cauldron of hate! Trump dismantled their utopian bullsh1t and the muppet misfits went into a contunious, non-stop rage.
It’s called principle juice. Some people have it in spades. Even at 17.
The killing of the UChicago student was a one off incident….
https://www.chicagotribune.com/news/breaking/ct-university-chicago-staffer-robbed-20211111-qmqh4ff7pzbs7eklw53a43s5r4-story.html
The Great Pumpkin says:
November 12, 2021 at 1:02 pm
“The Pareto Principle.
Pumps is responsible for 80% of the posts on these threads, and the remaining 20% is responsible for 100% of the interesting content here.
left/Goat,
I would say the illogic is someone who is proud of the rioters and destructors of property on Jan 6th. Claiming Babbit, shot by police, is worse than child with illegally owned rifle with no authority or training, killing and maiming bc he was threatened. By your logic, police should have killed 50 or 60 at Capitol. They were threatened, assaulted right? Training kept them from doing it.. but use your own gross logic for Kyle/militia presence and actions.
“Left Grosskreutz did not have any felonies. Rittenhouse was a 17 year old child and should have been at home during RIOTS.”
I’ll look later, certain he had a prior gun charge and nearly certain he had been convicted of felony burglary…..maybe I’m getting my Leftist angels confused though…
Regardless of what you may think or do with your children as a parent (ironic with 3bs post that follows yours) that ‘kid’ had the same right to be in that location at the same time as anyone else.
It’s the double standard I object to.
Dummy. Please do a little bit of research on the case instead of regurgitating MSNBC propaganda. All the Illegal carry, crossed state lines etc is bullshlt. It was his hometown.
The comparison I made was challenging someone with a gun. Particularly in the middle of a root. Don’t be surprised if you get your comeuppance.
Principles?
Let see what principles we learned from the testimony we saw this week.
1) What principle is it when you convince your friend to commit two felonies and be a straw buyer of a gun because you are not legally allowed to own one in Wisconsin by being underage and not a resident of the state?
2) How about driving a car with no drivers license, because you are too stupid to pass the test?
3) How about dropping out of high school like he did which was before the shooting?
4) What did the Marines think when they decided not to take him in January of 2020? They take lots of people, from all walks of life why not him? Perhaps they thought he could not make it as he was not principled enough?
Right before the shooting he told the reporter from the Daily Caller.
“Part of my job also is to protect people,” Rittenhouse told the Daily Caller moments before he allegedly began shooting. “If someone is hurt, I’m running into harm’s way. That’s why I have my rifle. I’ve got to protect myself, obviously.”
This was a troubled disillusioned child. Nobody and I mean nobody but Kyle believed it was a 17 year old child’s job in anyway to go out at midnight and LARP to be some kind of cop, fireman, soldier, medic or whatever he thought he was that day.
People need to pick a different antihero. This one is not going places in life.
Goat,
His hometown? He lives in different state, 20 miles away? It would like me calling Port Chester NY my hometown. You are thick. He was charged with possession of dangerous weapon under 18, not allowed in Wisc. Was that made up?
A misdemeanor. You’re getting all spun up over a misdemeanor because the propaganda told you to.
Meanwhile 10-20 murders a week in big cities and we don’t hear a peep.
Typical left when arguing..accuses others of illogic and stupidity when does not even have facts straight himself. Go with Faux News flow left. Get back to us, ok.
That “misdemeanor ” could carry a 9 month sentence. I bet he gets that max.
Grim:
Have you spoken to your neighbor since they had the tesla roof installed? curios about the install and how efficient it is. Read some nightmare stories online
Wow okay. Whoop dee do. Big deal. Let’s get outraged.
What did the people who touched the car dealership the night before get?
Satchel Paige story is funny. When Biden called the Pope Satchel Paige did the Pope’s translator called him nero…. See if you can figure that one out.
GOAT – I already said the feds have the location data from all phones and have been tracking down people that may have torched the library and museum and other places.
“Four indicted on arson”
Look at this a google search works fine…it’s not being censored like facebook is.
Look pictures of looters and arsonists….they are going to jail.
https://www.kenoshanews.com/news/local/crime-and-courts/four-indicted-on-arson-other-crimes-in-federal-cases-in-connection-with-kenosha-riots/article_401f01a3-bd13-5e1b-8975-1744006592e5.html
Play stupid games win stupid prizes..
Chgo: 2:07 That sums it up nicely.
Juice Box says:
November 12, 2021 at 2:41 pm
“…the feds have the location data from all phones and have been tracking down people…”
Could very well be in this case, but Dems across the country and at all levels of government are letting rioters off the hook in huge numbers. Why? Whatever the reason, when government fails to maintain law and order, people take things into their own hands — no secret there.
(KGW8) Feds quietly dismiss dozens of Portland protest cases — “Federal prosecutors have dismissed more than one-third of cases stemming from last summer’s violent protests in downtown Portland, when protesters clashed with federal agents…”
(NBC) Charges dropped for hundreds of alleged looters in New York City — “I was in total shock that everything is being brushed off to the side,” said Jessica Betancourt, who owns an eyeglass shop that was looted and destroyed…
Sorry, did Rosenbaum, Huber and Grosskurtz burn down the dealership night before? Great logic, Goat. Rosenbaum pushed the dumpster on fire that night..dude just got out of mental hospital. He was batshit, chasing a kid with a rifle. The others..no f-in way. They tried to tackle on the loose killer, running with rifle.
“People need to pick a different antihero. This one is not going places in life.”
Again, none matter with respect to the legal points at hand.
Feel like going into the bios of the parties on the other side/
You do you.
From a legal (and in my world, moral and ethical) perspective, the kid had as much right to be there at that time as anyone else.
And, yes, I don’t care he was armed. Which idea was not his alone, given the concealed handgun on the other party who chased him down……
3 historically black churches in Port Barre LA were burnt to ground in 10 days during 2019 which terrorized community. It was in the news but probably not Faux News. Funny how the militia never show up for property protection in those communities. Then again, they caught the arsonist later..local policeman’s son.
Okay so none has been charged for that. At least that I can find.
And I don’t think principal and intelligence are the same thing. He had an abundance of one and not enough of the other.
This homicide trial is a political move. It never should babe been tried. They should have pled it on the misdemeanors.
ByS, you’re off your rocker blinded by politics….re: illogic, here’s me getting back to you….your words, separated by two sentences. Yeah, good reasoning and internal logic there…
“Let the trained police handle it…Huber and Grosskurtz were tackling a dangerous shooter who just killed someone and was running with a rifle up. Why are they not heroes?”
Uh, OK.
“That “misdemeanor ” could carry a 9 month sentence. I bet he gets that max.”
Again, where’s the charge against Grosskreutz?
“…child with illegally owned rifle with no authority or training, killing and maiming bc he was threatened.”
Yup. As someone else used in this conversation in a different context, play stupid games win stupid prizes.
I would generally recommend not threatening someone armed or trying to disarm them while they are under attack. Not doing so buys you a trip to the other side of the dirt, as the two other perpetrators discovered.
They were the attackers, KR the defender.
Regardless of his age, the time of day, location, or his parents. And not to mention he was RETREATING, and they were chasing him.
Left – I spent some time looking at the legal points, he was not supposed to be there as a RIOT was declared and a curfew in place. He was charged with violating the curfew, that won’t be considered apparently.
As far as self defense. I do think he believes he was defending himself. I have heard both sides of the legal argument and well reasonable doubt is just one of 12 jurors. He may just walk on the murder and attempted murder charges.
The gun crime is going to stick. So 12 years for the gun charge seems right too, as I said he is no antihero to hang one’s hat on no matter you might think about 2A he was a child and most adults don’t think we should be arming children.
We shall see, perhaps early next week.
Chi- I laid out a bear trap of a post. Once he gets home and digests it there should be an epic meltdown..
Thank me later.
Arizona State Professor Asao B. Inoue coined the term HOWL “Habits of White Language” and proposes a new model to grade students’ work.
To combat White Language Supremacy, professor Inoue promotes Labor-Based Grading.
To dismantle white supremacy in writing classrooms, Inoue suggested implementing labor-based grading because it “redistributes power in ways that allow for more diverse habits of language to circulate.”
The method involves assigning grades based on the “labor” students put into their assignments, rather than the grammar, style and quality of their work.
“Labor-based grading structurally changes everyone’s relationship to dominant standards of English that come from elite, masculine, heteronormative, ableist, white racial groups of speakers,” Inoue said in his presentation.
Liberals are mentally retarded. They truly suffer from sickness.
JB…not looking for heroes or anti-heroes…..
My whole involvement in this conversation began due to the double standard…it seems in MSM and among the Leftists here a starting assumption is that the kid is guilty because ‘he should not have been there’ and there is no same standard applied to the other side.
I have a very simple point….he has the same right as anyone else to be there at that time with the same rules applied.
If KR were chasing Grosskreutz down the street with a weapon and Grosskreutz drew on him while on the ground and blew away KR my response would be exactly the same, parties reversed. Grosskreutz, self defense. KR, play dumb games….
The obliviousness to the actions of all parties to the exclusive focus on one party is troubling…some people have a 360 degree donut view, and they (or their ideals) alone occupy the center of the donut, always and only capable of looking outward at the actions of others…
It occurs to me that the liberal left is trailing farther and farther behind; thus, greater levels of outrage and violence. The world is expanding exponentially and liberals are stuck in a linear existence. Their outlandish ideas are not designed to improve but to deflect and impede. The more they fail, the greater the frustration and outrage.
Lib- I agree Grosskreutz should be charged with violating the concealed carry law. I gather they need his cooperation to even have a chance at conviction hence prosecutor discretions and no charges, so wink wink next time renew your $22 permit as you are supposed to every five years or next time or you might get up to 9 months in jail. Speaking of standards. What is the sentence here in NJ for illegally carry? 10 years in the big house?
KR’s buddy the straw buyer also cooperated on the stand, he is looking to hopefully get his two felony charges reduced.
Wow the guy from Jersey that paid a boat load of money to fly to space with Shatner just died in a Plane crash.
https://abcnews.go.com/Politics/pilot-flew-william-shatner-space-killed-plane-crash/story?id=81136358&cid=social_twitter_abcn
“Speaking of standards. What is the sentence here in NJ for illegally carry? 10 years in the big house?”
Two words that should never occupy the same space, NJ and standards LOL…
Don’t know…I am aware of the laws governing my weapons…you may need to parse words, as I don’t know there is such a thing as ‘illegal carry’.
Possession of a long gun is not as far as i am aware illegal in NJ (absent specifically proscribed groups like convicts, mentally impaired, etc). What the populace here refer to as a ‘gun permit’ for long guns is actually a firearm ID card required for purchase. There is no ‘permit’ to possess a long gun. Possession generally is regulated, however…for example, I am only allowed to travel directly to and back from any shooting activity…specifically prohibited to stop anywhere…no lunch, no pharmacy or grocery stop, etc.
All political debate aside, if that Grosskreutz kid actually had an impaired possession charge insofar as gun owners go that is a cardinal sin….never in all my decades across countlessly different situations has anyone ever consumed and then shot…if you own and respect firearms, that is a bright red line…..it’s pretty bad
Rittenhouse and Grosskreutz are equivalent. They were both “medics” with guns. Rittenhouse just had a bigger gun. Let’s be honest, none of those people involved had good intentions. The 2 dead and 1 wounded were there to cause problems. That’s obvious from video. Rittenhouse was an ignorant LARPer who thought a 17 year old with a gun is able to control a riot. Police have non-lethal ammunition when someone crosses them in this situation. Kyle and his buddies did not.
That being said, Rosenbaum clearly wanted a confrontation and actively sought it out. Rittenhouse was fleeing him and ultimately forced to fire after he was shot at and Rosenbaum reached for the gun, which is now verified from FBI video along with witness testimony.
The video isn’t widely available but Grosskreutz’s facebook live feed showed him catch up to Rittenhouse and Kyle literally said “I’m getting the police”. At that point, the mob was catching up to him, and Grosskreutz was part of that mob and chose to continue to pursue. They knocked him over and the rest is history. Kyle was kicked by one guy. Hit by a skateboard from another and he returned fire. And Grosskreutz is the most ridiculous of all because he had his gun drawn, put his hands up, and the instant Kyle looks like he’s going to drop the barrel, he goes for a quick draw to execute Kyle and gets his arm shot off.
I said this months ago when all the video came out. Sure, the kid’s and idiot, and so are all his fellow LARPers. But he’s getting off on the murder charges, and they should have never been brought in the first place.
lol, “labor based”. Too lazy to fix those squiggly lines that MS word pops up on when you don’t use proper grammar?
“Let the trained police handle it…Huber and Grosskurtz were tackling a dangerous shooter who just killed someone and was running with a rifle up. Why are they not heroes?”
“Uh, OK.”
Uk ok…perhaps the difference is that police were in armored vehicles, firing rubber bullets and tear gas..no one died. Your sides get giddy with hero worship when someone takes down an armed killer. That is exactly Kyle was running into a crowd, gun up as people screamed he just shot someone. You see logically, he was not Dick Shroeder’s best friend yet. Hard for you to understand because you are uninformed and just want to paint them as lefist scum, like Faux News.
BRT,
“the mob was catching up to him”
You can’t be serious with this bs. He just shot someone and was running through crowd, gun up. People were screaming from behind that he just killed someone. Huber (unsmartly) tried to disarm an active shooter with his skateboard. Grosskurtz did same just did not pull trigger while Kyle did. Kyle got up and pointed his gun at another guy who had hands up then ran away. You can’t look at this retroactively and assume anyone knew a damn thing like “good Kyle” was running from “evil mob”. No one knew anything except active shooter running into a crowd.
Kyle was no medic. He lied that he was trained EMT. Grosskreutz was a trained Paramedic. Fact.
4:02 projection is a dangerous mental condition.
Juice I saw that about the guy killed in the plane crash. A lot of irony there.
BRT, 4:30p nails it…
ByS, you’re still missing the point and now changing the topic…my point is on one hand you say let the police handle it yet defend the Leftist kids who were shot while proactively taking the law upon themselves…SMH…
“You can’t look at this retroactively and assume anyone knew a damn thing like “good Kyle” was running from “evil mob”. No one knew anything except active shooter running into a crowd.”
And, again, different standards. No one can know ‘good’ Kyle (whatever that means)….and it doesn’t matter. Yet somehow in your view all the Leftists were certain that in the middle of the night in the middle of a riot they were doing God’s work pursuing an active shooter and that justified their actions…JFC, that is the definition of vigilantism.
Ask the dead black dude pursued and killed by guys in a pickup because they thought he was a burglar.
As BRT states he will be acquitted of any intentional charge….no one knew any motivations, and even if they did it doesn’t matter with the facts on the ground…person chased by mob, threatened with serious violence and personal harm, no escape, armed, shoots his attackers. Buzzer goes off, game over.
You are starting with a pre-ordained opinion that someone you deem the ‘good’ guys (Leftists) ought to prevail and KR should be punished and when the law doesn’t read that way you do all kinds of gymnastics to try to get to your desired outcome.
Applied by the State, that level of logic is literally tyranny.
Grosskreutz was also no medic. He’s just another kid that did a short stint as a EMT and decided it wasn’t for him. Guy goes to a riot with a gun and a red cross on his helmet. He’s a poser medic with a gun.
Always thought the restriction on long guns was to buy them, but not to possess or own them. At least in NJ, they are called Firearms Purchaser’s Permit, and they have nothing to do with owning guns at all (you can own a long gun without ever having had one of these permits). Guessing it’s just a blanket 18 year old thing.
Correct grim.
What people refer to as a ‘gun permit’ doesn’t exist for long guns, it is the firearms purchaser ID allowing a NJ resident to buy a gun.
Keep patting yourself on back, left like you have any logic whatsoever. I guess all citizens arrests are vigilantes? The line is when someone has created a danger by breach of the peace. Huber and Grosskreutz did not arson or loot. They did not break car windows, nor start dumpster fire. Someone did but it is not guilt by association. They were at a protest peacefully. They broke curfew and police forced protesters out. Kyle also broke curfew but got a ‘thanks’ and bottle of water. It is Kyle who broke the piece, created danger by shooting someone then running two blocks, gun drawn away from scene through a crowd. Ryan Balch, one of the armed militia with Kyle, said it best “when you coming running through (a crowd) looking wild with a gun on you then people react like you are doing something wild with a gun and acted appropriately” He called Huber a hero for trying to disarm Kyle.
BRT, make up whatever sh&t you want. He was a certified EMT. That is fact.
How ’bout that prosecutor?
ByS, you are just pulling shit out of the air now.
WTF does breach of peace have to do with any of the ensuing events? Even if it were true? And even if it were known to all parties?
One cannot use deadly force on another without cause…”he broke the peace up the block so I shot him” is not cause to kill someone FFS….
And if you are in a state without stand your ground laws (you know how you liberals hate those) you actually have to try to disengage (escape) before using deadly force to protect yourself.
KR played it by the book. Down to the finest point. In fact, someone stated above he drew down on a fourth person approaching him and when that person disengaged so did KR. That even moreso demonstrates self defense…he used exactly and only the amount of force required to protect himself against those attempting harm, and stopped on the line thereafter.
I pray you don’t ever have a firearm…with your views of what is/isn’t acceptable using one you will end up imprisoned for sure.
You can’t go around shooting someone because you believe they killed someone else. That is textbook murder. Vigilantism.
If you want to get technical, he wasn’t licensed since 2017, so his certification expired. I know a lot of people that were “certified EMTs” at some point. Most know CPR and how to compress a wound. It’s the ones that have done it for decades that do all the work and directing. Do you honestly believe he went there as an EMT to help people while illegally carrying? He was there to help out the riots, and the medic hat is there as deflection if the cops start to round up people.
grim, the prosecutor may be the worst prosecutor I’ve ever seen in a major case since Mike Nifong.
How Bout that Judge! https://twitter.com/ParkerMolloy/status/1459235180644913162/photo/1
https://www.cnn.com/2021/11/11/us/kenosha-judge-bruce-schroeder-asian-food-comments/index.html
“He was a certified EMT. That is fact.” So endth the lesson. Stop Victim Shaming.
“He was a certified EMT. That is fact. So endth the lesson. Stop Victim Shaming.”
Who the fcuk cares? It’s irrelevant. I bet there were truck drivers, plumbers, community organizers, and maybe even an elephant trainer there.
Has nothing to do with the events on trial.
lol, you’ve never run into any tools that were certified? You know Pumps is a certified educator right? Tell me you would let this kid set you up with an IV. No self respecting EMT would be arrested for DWI at 3x the limit after running up on those DWI accidents. But left is right, it doesn’t matter why he was there. What matters is he was chasing the defendant along with an angry mob and he drew his gun on him. If Rittenhouse wanted him dead, he could have easily put a 2nd one in him.
3b,
You cry about inflation, but it’s honestly the best thing to happen to new homeowners on low rate fixed mortgages. Talk about a gift from god. Cry about unaffordable housing when inflation destroys the cost.
That’s the problem with the economy, so many variables at play. One cost is going up, while another is going down drastically.
If I truly believed inflation would stick long term, i would get the biggest mortgage i can get and buy real estate that produces an income with it. Would get a 30 year, so it really drags out that ultra low cost loan in an inflationary environment.
Lmao at everyone that puts me down.
Just a question? Why am I doing better financially then 95% of my cohorts in my demographic group. Maybe even higher than 95%. Hate away!!
New Jersey Senator-Elect Ed Durr: “He [Senate President Sweeney] was fine. I just told him if he needed anything to give me a call, since I’m his representative now.”
Absolutely savage.
Just a question? Why am I doing better financially then 95% of my cohorts in my demographic group
Because you robbed your grandmother. Take a bow.
“Has nothing to do with the events on trial” Outside of the fact that the defendant shot him?
“he could have easily put a 2nd one in him.” Just like the 4 he put in the first? Or are you saying he didnt mean to kill the last one, only the first two?
ATEOTD. This kid took a loaded we0pon into a volatile situation and used it. Big Boy, made Big Boy Choices and now facing Big Boy consequences.
Will he get off, the fact that he was a minor will blunt a lot of this. The Judge is a doozy! Not sure if its just age or there is a thumb on the scale. But in the end this kid is toast. If he gets a light sentence, the RW support he has, got what it wanted and will drop him. He will find he will face the Civil side on his own. That’s when Momma and the rest get their wake up call.
Lol Elmo loves compliance
https://youtu.be/Wl_BfOIXkaA
Congrats to Durr and I really mean that. Its good to see it can still be done. This is why it is important to vote, even if you hate the candidates. They need to see that it is not a given they will be re-elected, they need to earn your vote every cycle. They need to see that there will be people that will go out an pull the handle every election against them or stay home if they would be for them. Don’t let them get complacent.
Durr now faces a bigger problem. You now need to float getting yourself set up to do this job. Office Space, Infrastructure, people to hire and so much more. Sweeny was there for so long there is no real GOP infrastructure to fall back on. Every favor will come with strings.
Durr had said that he would like to take Sweeny out for a beer. I suspect part of that call was “Hey Sweeny, Any Advice?”
Whatever makes you feel better.
PumpkinFace says:
November 12, 2021 at 9:11 pm
Just a question? Why am I doing better financially then 95% of my cohorts in my demographic group
Because you robbed your grandmother. Take a bow.
Well said. It’s going to hurt south jersey in the short term, but long term they are heading in the right direction. Let’s hope another “norcross” type doesn’t take over. Amazing how that dude controlled nj behind the scenes for so long. Really hurt the state as he wasted valuable capital in the south when it should be diverted to the northeast where you get the most bang for your buck on the tax dollar. It makes the economy stronger and this is how you lower property taxes which helps the south in the end.
Fabius Maximus says:
November 12, 2021 at 9:31 pm
Congrats to Durr and I really mean that. Its good to see it can still be done. This is why it is important to vote, even if you hate the candidates. They need to see that it is not a given they will be re-elected, they need to earn your vote every cycle. They need to see that there will be people that will go out an pull the handle every election against them or stay home if they would be for them. Don’t let them get complacent.
Interesting comment coming from the person continually yearning for the acceptance and validation from internet strangers.
Mom! they won’t let me play!!
Keep chugging that hater-ade. Just don’t drown in it.
Two scary tells of a top . . .
(1) I do not like Jim Cramer. However, today I turned on the tv and he was on. He was playing “am i diversified” with callers (callers call in and state 5 of their equity positions and then Cramer opines on whetehr they are diversified). Two callers in a row had both NVDA and TSLA within their 5 positions. Cramer justified this as ok diversification.
(2) My father does not like the stock market. He asked me today how the market was doing. Last time he was this interested was the late 90’s.
Not investment advice. I believe in the Bogle point of view that no one knows what the future holds. You go long because the general currents of history support doing so. Still, maybe a sign toward a top. I’m not euphoric but maybe I’m complacent about how high the paper gains have been for anyone that has gone long since early 2009.
I’ve done the opposite of everything you’ve recommended and I’m doing better than 98% of my my cohorts in my demographic group. Just a question, how’d I do that?
I have compassion and empathy and I don’t hate the workers like you do.
Take it for what it’s worth. I have been a bull for 9 years on this blog through many bear scares. Always went hard on the market and stated said position on this blog. I’m now scared. I see a melt up crash coming. Makes my stomach turn thinking about it. I have stopped buying, and am thinking of liquidating my positions.
I know on avg, there are more winning days than losers. So it’s very dangerous to time the market by pulling out at a young age. You might miss out on the cheapest shares, but i just feel like going cash and striking when there is complete fear is the right move right now.
“Not investment advice. I believe in the Bogle point of view that no one knows what the future holds. You go long because the general currents of history support doing so. Still, maybe a sign toward a top. I’m not euphoric but maybe I’m complacent about how high the paper gains have been for anyone that has gone long since early 2009.”
Pumpkinface,
It’s time to lay off the hater-ade, you had enough.
“Whatever makes you feel better.”
Pump, you need a better return serve. Here is your comeback for this one. https://www.youtube.com/watch?v=6lFTD9O-XMw
Time to buy ARKK everyone. Huge buy signal.
Just a week ago, my advice would have been the opposite. Don’t ask me to name single objective metric as to what changed, it’s a feeling I have or maybe I read a tweet about it. Don’t remember.
The Great Pumpkin says:
November 12, 2021 at 9:59 pm
Take it for what it’s worth. I have been a bull for 9 years on this blog through many bear scares. Always went hard on the market and stated said position on this blog. I’m now scared. I see a melt up crash coming. Makes my stomach turn thinking about it. I have stopped buying, and am thinking of liquidating my positions.
Face,
“People who are right most of the time are people who change their minds often”
– Jeff Bezos
Really enjoy the whole British invasion scene. Some great music. A lot of you were lucky to experience it first hand.
Fabius Maximus says:
November 12, 2021 at 10:17 pm
“Whatever makes you feel better.”
Pump, you need a better return serve. Here is your comeback for this one. https://www.youtube.com/watch?v=6lFTD9O-XMw
And don’t get it twisted. Your gut matters more than any metric. The market is consistently good at overvaluing and under valuing stocks to the point that it allows individuals to become rich off opportunities.
PumpkinFace says:
November 12, 2021 at 10:23 pm
Time to buy ARKK everyone. Huge buy signal.
Just a week ago, my advice would have been the opposite. Don’t ask me to name single objective metric as to what changed, it’s a feeling I have or maybe I read a tweet about it. Don’t remember
it allows individuals to become rich off opportunities
Was that Shakespeare or Warren Buffet?