Slowin’ down

From Fortune:

The Great Deceleration? The biggest jump in home prices is behind us—why housing appreciation will slow

Year over year, U.S. home prices rose 19.1% between October 2020 and October 2021, according to the S&P CoreLogic Case-Shiller Index, the leading measure of residential real estate price. That’s down from the all-time high of a 19.8% home price increase between August 2020 and August 2021, meaning that home price growth started to cool in the autumn. But that slowdown is bigger than it might first appear. See, that year-over-year period still includes the frenzied 2021 spring housing market, during which bidding wars hit an all-time high. When you look at the last two months for which data is available, September and October, home prices rose 0.8% month over month, which is significantly slower than the 2.3% spike between March and April. 

However, home shoppers should not mistake this latest slowdown as price relief. After all, the 19.1% uptick in home prices is far above the average 3.2% pay raise workers can expect this year. That said, there’s a growing consensus among industry insiders that the deceleration in home price growth is just getting started. And that price growth slowdown has the potential to be even more substantial if an inflation-concerned Federal Reserve pushes interest rates up by more than expected. If the interest rate of the average 30-year fixed mortgage (currently at 3.1%) were to rise even half a percent, it would have the potential to lock out some buyers from the market altogether, lower demand, and lower levels of home price growth.

“Mortgage rates will rise to 3.6% [this year], bringing price growth down to earth…This low price growth will likely discourage speculators from entering the market and allow more first-time buyers to have a chance at winning a home,” writes Daryl Fairweather, chief economist at Redfin. In the same report, Redfin predicts that annual home price growth in 2022 will plunge to 3%. If that happens, it would be the slowest year-over-year change in home prices since 2012.

Why is home price growth likely to continue decelerating in 2022? Some of it is simply a housing market returning to normal after a pandemic-spurred boom sent home price growth to unsustainable levels. Record-low mortgage rates are expected to rise, while looming return-to-office plans have cut down on some second-home purchases. Seasonality—the cooling period in the summer and fall during which home sales usually fall—has also returned to the market after it was absent last year, as more Americans return to vacationing and pre-pandemic life.

This entry was posted in Economics, National Real Estate. Bookmark the permalink.

118 Responses to Slowin’ down

  1. grim says:

    Here’s the Wayne covid cases series updated

    0 (November 1st)
    0
    0
    0
    1
    0
    7
    0
    0
    1 (November 11th, First omicron case detected – Botswana)
    3
    1
    1
    4
    14 (November 16th, Trend breakpoint)
    7
    18
    11
    13
    8
    15 (November 22nd, First confirmed US omicron case)
    18
    21
    19 (November 25th, Thanksgiving)
    10
    14
    13
    26
    10
    30 (December 1st)
    34
    22
    23
    19
    9
    37
    32
    26
    39
    35
    44
    4 (December 15th)
    6
    5
    78 (December 18th)
    74
    61
    125
    151
    144
    24
    117 (December 25th)
    50
    157
    215
    279 (December 29th)

  2. The Great Pumpkin says:

    Real good read worth sharing.

    “1/469 The has been a very fundamental shift at the Federal Reserve.

    The Fed has flipped decidedly hawkish. Their main worry is not employment, it is inflation. And to fight inflation the Fed has to increase interest rates.

    Here’s a thread about the Fed and crashing markets.”

    https://twitter.com/krugermacro/status/1480081861124804612?s=21

  3. The Great Pumpkin says:

    24/ And the final question is, can crypto ignore the Fed if it decides to go all out wielding a deflationary machete?

    I doubt it

    “Don’t fight the Fed” applies both ways, up and down.

    If the Fed is *too hawkish* then Houston, we have a problem.

    /END

  4. Libturd says:

    What you define as too hawkish, the rest of us perceive as too little, too late.

  5. 3b says:

    Lib: Agreed.

  6. MentalHealthQuestion says:

    Anyone else thinking Brandon is not mentally capable of giving the state of the union speech and will instead step down?

  7. Juice Box says:

    Lol – NY Mayor Eric Adams is wasting no time with the Nepotism.

    Appointed Bernard Adams, his own younger brother, as NYPD Deputy Commissioner ($240k+ salary) He as an assistant parking deputy at a college in virgina for the last decade and is a former cop.

    Appointed Adam Banks, a long-time friend, as Deputy Mayor – alleged by the FBI to have been the recipient of $300k-$500k in bribes as an NYPD official.

    Appointed David Banks, Adam Banks’ younger brother, as Chancellor of Education ($345k+ salary)

  8. The Great Pumpkin says:

    You guys have been on absolute point past year.

    Libturd says:
    January 9, 2022 at 1:53 pm
    What you define as too hawkish, the rest of us perceive as too little, too late.

  9. The Great Pumpkin says:

    Juice,

    That’s wild. Not even hiding it. Well, you know, he needs people he can trust around him. So it’s justified. Lmao. Human nature sucks.

  10. Juice Box says:

    Pumps does his resume meet this expectation? Is he a bodyguard or Nepotism?

    https://nypost.com/2022/01/09/mayor-adams-defends-giving-brother-top-nypd-job/

    Resume on Linkedin

    Administrator
    VCU Parking and Transportation
    Jul 2021 – Present 7 months
    Assistant Director of Operations on the MCV Campus

    VCU Parking and Transportation Graphic
    Manager of Operations, MCV Campus
    VCU Parking and Transportation
    May 2008 – Aug 2021 13 years 4 months

    Not to say his brother won’t protect him from perps the the idea white supremacists are after the mayor on NY? Cumon already…

  11. grim says:

    Takes swagger to play that

  12. Nomad says:

    Bianco on record one week bond losses last week.

    https://twitter.com/biancoresearch/status/1480245516009152513

    Pumps,listened to your girls commentary last week. H2 deflation possible but her data was not adequate to validate.

    Ivy Zelman now saying housing will slow faster than the masses believe.

  13. Juice Box says:

    Pumps – re: “, can crypto ignore the Fed”

    You already have your answer. They now tie themselves to the real economy.

    Pretty funny stuff in my opinion. No mention of perhaps 30 million or more being de-platformed from buying and selling China.

    No No it’s the Feds fault….

  14. The Great Pumpkin says:

    This can’t be this blatant?! This guy already crowned himself king. Drunk off power. Just wild.

    Juice Box says:
    January 9, 2022 at 6:19 pm
    Pumps does his resume meet this expectation? Is he a bodyguard or Nepotism?

    https://nypost.com/2022/01/09/mayor-adams-defends-giving-brother-top-nypd-job/

    Resume on Linkedin

    Administrator
    VCU Parking and Transportation
    Jul 2021 – Present 7 months
    Assistant Director of Operations on the MCV Campus

    VCU Parking and Transportation Graphic
    Manager of Operations, MCV Campus
    VCU Parking and Transportation
    May 2008 – Aug 2021 13 years 4 months

    Not to say his brother won’t protect him from perps the the idea white supremacists are after the mayor on NY? Cumon already…

  15. The Great Pumpkin says:

    I’m nervous. Haven’t touched the 401k till now. Since 2012…

    Maybe my move is a bull signal like Brt states and I screw myself. Can’t buy back in for a month. 10% swing will make me puke, but that’s investing. Risk and reward. Doesn’t always work out.

    Nomad says:
    January 9, 2022 at 7:27 pm
    Bianco on record one week bond losses last week.

    https://twitter.com/biancoresearch/status/1480245516009152513

    Pumps,listened to your girls commentary last week. H2 deflation possible but her data was not adequate to validate.

    Ivy Zelman now saying housing will slow faster than the masses believe.

  16. The Great Pumpkin says:

    Since 2012…when wife gave me the keys. She was ultra conservative before that. Almost made me puke. I pretty much went all in faang from 2012-2021. Then I went 95% small cap which was a lose since i only made 18%. When I back back in, it’s back into small
    Cap.

  17. Juice Box says:

    wow RPI Bob Saget

  18. The Great Pumpkin says:

    Crazy, he looked good for his age. Thanks for the laughs.

    https://youtu.be/uUPHlAbAf2I

  19. Phoenix says:

    Scleroderma is nasty stuff.

  20. Juice Box says:

    AOC has the Rona

  21. grim says:

    She should blame Florida

  22. Hold my beer says:

    Who would have thought going maskless in multiple indoor venues increases your risk.

  23. BRT says:

    https://news.yahoo.com/t-cells-common-colds-protection-101212024.html

    Common cold T-cells recognize sars-cov-2. This is not news anymore. This information is a year old. Now the AP wants to report on it. I said in the summer of 2020 that we should expose people to this common cold virus as it would function as a form of immunity.

  24. Libturd says:

    Market futures are pointing down again.

  25. BRT says:

    I was hoping for a rally to short all the non-profitable hype garbage some more.

  26. BRT says:

    Judge rules in favor of Djokovic. This whole exercise is silly. He’s had 2 infections, which makes him the most immune person on the continent of Australia right now.

  27. Nomad says:

    Charlie Bilello Chart: Historical Fed Funds Rate w unemployment at 3.9%

    https://compoundadvisors.com/wp-content/uploads/2022/01/ue-rate-v-ff-rate-and-cpi-1-7-22.png

  28. Boomer Remover says:

    After two years of ducking the ‘rona like the guy in The Matrix, I woke up with 101F and massive body aches. More telling though, is that my preschooler, the usual vector is not sick.

    One of my parents just had it last week and @ 72 y/o and fresh out of cancer therapy he didn’t take to it well. He got himself hooked up on a antibody drip yesterday and he’s feeling markedly better. Now my other parent, the caretaker, isn’t feeling well.

    Back to me: I’m in my home office next to a HEPA filter. My kid has six zoom calls per day, my wife has two interviews today. It seems like isolating is pretty futile? Have any of you successfully limited in-home transmission?

  29. Libturd says:

    Feel better Boomer.

    Family just booked a trip to CR in April. Hoping the numbers are better. For the first time ever, booked the insurance.

  30. No One says:

    BoomerRemover,
    Check your name, you should be pleased.
    Google pushed me some article about this a couple weeks ago from CNN, CDC, something like that.
    Isolate in a room with windows open at least a bit, which sounds a bit tricky in NJ.
    Wear a N95 or KN94 mask when you have to briefly venture into common areas. Don’t eat or talk in the same room with others.
    Omnicron is supposed to be quite spreadable, apparently spreads before symptoms arrive, so it may already be too late for you.

    If you had a home like mine in Florida you could spend all your awake time out in the fresh air of the lanai by the pool, and only use the pool’s bathroom.

  31. Boomer Remover says:

    Thanks. Looks like no Peloton for me for at least a few days. I have a PCR/rapid booked for Thursday at that point it should be raging enough to get a clear read.

    I haven’t booked a package or lodging yet, but my understanding is that one can cancel the airline component and take as credit good for 1-2 years. I bring it up because I just used 195,000 Chase Ultimate points to book three tix to Europe this summer.

  32. Libturd says:

    Boomer,

    I have more credit with airlines from cancelled trips over the last two years that I doubt I can use them all. I can still cancel the insurance until like three days before and get my $250 back.

  33. BRT says:

    Boomer, my neighbors just did. They all had infection in April. Husband and wife are 3 shots in on top of that. Daughter, no shots. She got reinfected with Omicron. They have a 90 year old mother with them they took out of the nursing home. They isolated her to her room and kept the windows open. Air filter in the open room.

    None of them got it. Husband, wife, son, and gradma all negative. Might be a case for the infection + booster giving you superior immunity as well.

  34. SmallGovConservative says:

    grim says:
    January 8, 2022 at 3:04 pm
    “Worth it to throw 10k into I-bonds? Seems like a no brainer at 7.12%”

    Didn’t see anyone respond to this; any reason(s) not to open a Treasury Direct account and drop 10k per year (or as much as you can safely park for 5+ years) into these bonds?

  35. Libturd says:

    Boomer,

    You prompted me to shop around the travel insurance. Just got in for $120 instead of $250 with significantly better coverage. I forgot how they rip you off on the airline websites. Especially since I booked two one-ways.

  36. Libturd says:

    If Nasdaq closes below 14,500, it’s officially game on!

  37. BRT says:

    Personally, I’m just holding Altria/Phillip Morris instead. They are paying 7% & 5% selling inelastic products. They are still hovering around price levels prior to Wu-Flu. But by all means, it’s better than being in cash and probably better than the stock market at this entry point given the weakness and massive downside risk in most stocks. Instead of earning 20% a year on stocks, people will be clinging to hope preserve their account balance this year.

  38. BRT says:

    Lib, it’s already game on.

  39. Boomer Remover says:

    BRT – Encouraging.

    Lib – I’m sure you know this but, if you have say a $1K credit with American, you can go ahead and book a cheap $79 ticket to anywhere (you won’t show) and $921 will be reissued as credit with a new 1-2 year expiration clock. You can keep booking cheap one way no shows to extend the life of the credit.

  40. Libturd says:

    SGC,

    It is truly a no-brainer and lots of people I’ve read, are doing it. No state tax either (I think). If we are truly Japanese, this might be your best return over the next 20 years, not just the next 6 months.

    Remember, you can buy 5K more with your tax return too.

    https://www.mymoneyblog.com/savings-i-bonds-november-2021-interest-rate.html

  41. Walking says:

    Grim, I’m looking at doing the I bonds as well. Was going to drop 10 in on new years eve and another 10 this year but got busy and missed out on 2021.

    One thing to remember is u can park another 10 for the spouse and another 10 under business.

  42. Libturd says:

    Yeah, I know Boomer. Just have too much airline credit already and no plans to travel with it.

    BRT,
    I honestly think we are in the 1st quarter. So many investments are in index fund ETFs. The high-risk stuff is getting damaged now, but the medium and low risk stuff are not immune and have hardly been scuffed even. People forget what a correction feels like.

  43. Juice Box says:

    re: throw 10k into I-bonds

    Depends on your age and investment timeline really….With that interest rate your money will double in 10 years. You can sell them without penalty after 5 years, otherwise you forfeit the previous three months of interest.

    Seems ok except for well inflation and taxes on the interest once you sell, they will file the 1099-INT form from Treasury Direct, when you sell. No state taxes.

    Again this is a max $10,000 a year investment. So is it really a no-brainer? If you were a young and inexperienced investor sure, but it really depends on age I guess.

  44. Boomer Remover says:

    “Grim, I’m looking at doing the I bonds as well. Was going to drop 10 in on new years eve and another 10 this year but got busy and missed out on 2021. ”

    This is funny and exactly the case with me as well. What made me hold off was the that – in the current interest rate environment – selling before term (i.e. five years) may result in a liquidation below par.

  45. Juice Box says:

    So Moderna is now trying to get out an Omicron variant booster by the fall.

    With the huge amount of worldwide infections going on right now there is a pretty good chance we will see another variant take over the #1 spot just as alpha was replaced by delta and now omicron at an even more incredible speed.

    Keep in mind it’s only been 45 days since Omicron was discovered and classified a variant of concern by the WHO and now it’s unavoidable.

  46. Libturd says:

    You have to look at it as a small inflation hedge and really not much more. Think of the average investor today. Not only are they going to lose 2 to 3% of their equity worth, but their overall worth is being eaten away at 6-7% a year.

  47. Phoenix says:

    Remember, when working at a job know your roles. Be careful how you interact with other “professionals” who aren’t exactly in the same line of work as yours.

    Cause when they screw up royally, and you trust them, you are going down with them as well. These dolts did. Forgot what their role as healthcare workers were, and trusted others rather than medical judgement, and injured this person even more.

    A disturbing watch, with massive lawsuits coming. Do your job, stay in YOUR LANE, and remember your role, and don’t blindly trust others no matter how much you consider them “heroes.”

    https://vimeo.com/662004332/a456f489f3

  48. Juice Box says:

    Hospitalizations in NJ still ticking up over the weekend.

    01/09 6,075 (678 discharges, so 1,006 admissions)
    08/08 5,747 (803 discharges so 849 admissions)
    08/07 5,701

  49. No One says:

    A 10k cap per year on investment doesn’t do it for me anymore. I bought 20k of I-bonds back in 2003 or so, back when that was a meaningful chunk of my savings. Now I need asset classes with capacity of a million or more.
    Looking at TIPS, financial repression has pushed the whole TIPS yield curve into negative real yields. So all you can do is lock in moderate losses in purchasing power now.
    https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield

    Efficient market theorists undoubtedly have some dumb explanations why investors are willing to accept guaranteed negative real returns. Because they don’t want to admit that central banks can manipulate even the biggest markets.

  50. Chicago says:

    TIPS are expensive here.

  51. Chicago says:

    Huge technical level on Ten in this 180 area. Let’s see WTF happens.

  52. The Great Pumpkin says:

    Damn, I might be getting really lucky. Might have pulled that 401k out at the perfect time.

  53. truesue says:

    I bought a load of T stock .. you will still get a dividend from T just not at current yield. I believe they said the payout will be similar to VZ plus you will have shares in its spin-off which in time may pay a dividend too:

  54. crushednjmillenial says:

    Will ARKK breach $80 today? Day’s low is $80.10 right now.

    Is this a Pumpkin screaming value? Does he wait until it hits $70?

  55. chicagofinance says:

    Not to pile on, but this development is absolutely sickening….. kind of like watching Bill Miller implode in 2008. Pumps….. go read up on Bill Miller Legg Mason and then STFU.

    The Legg Mason Capital Management Value Trust’s after-fee return beat the S&P 500 index for 15 consecutive years from 1991 through 2005

    crushednjmillenial says:
    January 10, 2022 at 11:00 am
    Will ARKK breach $80 today? Day’s low is $80.10 right now.

    Is this a Pumpkin screaming value? Does he wait until it hits $70?

  56. BRT says:

    Give it up Pumpkin, no one believes you.

  57. BRT says:

    lol, Omicron booster by the fall? That’s slower than operation warp speed. These guys are too slow. Omicron literally is the booster at this point. They are selling everyone on their boosters like the food in the expiration cabinet at Shop Rite.

  58. chicagofinance says:

    Word of warning to those savings bonds…… a couple of years ago they were giving 0.40% a very short time ago….. you are restricted for a year and it is a 3 month giveback. Maybe you should check WHICH three months you give back. At this level, hopefully not the first 3. It resets every 6 months.

  59. Phoenix says:

    Be a man:

    “Put on your big boy pants, you want to act like a man,” one of the officers can be heard telling Gross on video as he is face down on the grass outside the hospital. “Get me up, please,” Gross moans. “Get me up, please.” “Stand up, c’mon, you’re a man, be a man,” an officer replies as the police try to lift Gross up.

    Read more at: https://www.sacbee.com/news/local/article257066912.html#storylink=cpy

  60. Phoenix says:

    Just remember,
    This can be you after enjoying a few of your favorite spirits with friends.
    Drink Responsibly.

    A message from MADD

  61. The Great Pumpkin says:

    I have no idea when it will bottom, but yes, it’s screaming value if looking at it from a long-term position. Is innovation going to just stop? Are these high growth disruptive companies going to just stop growing long-term? Yes, right now, it’s bad news, but when it bottoms, it would be smart to jump in.

    It’s not easy to do, but this is how money is made. Look at how many times Tesla peaked and then got slammed over the past 10 years. That’s why these companies are high risk, they are in the early stages of price discovery and growth. So it’s a volatile rollercoaster ride that most can’t handle.

    crushednjmillenial says:
    January 10, 2022 at 11:00 am
    Will ARKK breach $80 today? Day’s low is $80.10 right now.

    Is this a Pumpkin screaming value? Does he wait until it hits $70?

  62. The Great Pumpkin says:

    And rates are the driving factor. This hawkish action and talk is providing huge opportunity. It really is. Inflation is not going to be here long-term, it’s just not. Innovation is not going to stop, it might slow down in the short term if we go into a recession, but it’s not going to stop.

  63. The Great Pumpkin says:

    I really don’t care. I know the truth.

    BRT says:
    January 10, 2022 at 11:24 am
    Give it up Pumpkin, no one believes you.

  64. chicagofinance says:

    crushed: here is all the explanation you need…..
    https://www.youtube.com/watch?v=5ewMp6oTePc

  65. Juice Box says:

    BRT – Future for the vaccine makers post Omicron is uncertain, so they need signed contracts now. Moderna’s stock has been a crazy rollercoaster. Their CEO Stephane Bancel’s biggest holding is Moderna stock, it’s made him into a billionaire and last thing he wants is for it to go back to a pre-pandemic price of $19 a share.

    They do have a product to sell, it’s supposed to be their new and improved multi-valent vaccine. Seems they are not going to wait for our FDA to approve it either as their application for Alpha variant vaccine for the 12-17 year olds is still not approved and has been sitting for seven months atht FDA which Pfizer is now the go to vaccine for everyone. Moderna can make all they want now in Belgium and via contract manufacturers sell it to the rest of the world and not have to hear it from the bureaucrats here holding up their approvals and keeping their stock price down.

  66. Fast Eddie says:

    Phoenix,

    That video was disturbing. That poor guy.

  67. BRT says:

    The reason Moderna is sitting there not being approved is because the FDA knows that by any historical standards, their vaccine would never be approved for that age range given the side effects. It’s also worth noting, many European countries banned Moderna for anyone under 40.

  68. crushednjmillenial says:

    Anyone have a home office printer recommendation? Do you have a copy, scan, print in one machine or do you use a laser for printing and different machine for the other two functions?

  69. No One says:

    HP OfficeJet Pro 9018. Or the 8000 series. I have one in each house. All in one machine.
    Benefit of the HP is that the ink doesn’t gum up if you don’t use it for 4 months.
    It seems to work and not demand too much attention, other than ink refills are expensive.
    If you’re a consistently heavy printer then you might want something more economical on the ink use side.

  70. Libturd says:

    I am super happy with my Brother MFC-J895DW. I bought it after I realized I had been using a B/W duplexing brother mono printer for about ten years without a hitch (I’m talking a $79 printer). I have the color all-in-one for a couple of years now and have not even had a paper jam. It feels cheaply made, but that’s what the reviews said too. It just works and works and I use generic ink no problem.

    I used to be strictly HP, but they are only workhorses for laser. They print beautifully in inkjet, but always jam, inkjets clog, ink costs a fortune and they are generally pretty slow with lousy drivers made to do everything but print.

    I’m in the industry and could tell you about every kind of printer that exists from thermal to dot matrix to dye sublimation to laser, heck even daisy wheel. These Brothers are built like Honda’s. Who get’s ten years out of a heavily used $79 laser printer? The best part, the toner cartridges are like $10 each on Amazon. I think I replaced the fuser three times so far, for like $20 each.

  71. Libturd says:

    This is my workhorse laser that’s 8 years old.

    https://www.amazon.com/Brother-HL-L2300D-Monochrome-Printer-Printing/dp/B00NQ1CLTI

    I just printed my config page. Over 50K pages. 50 toner changes, 4 drum units. 4% average coverage. Last jam was 6,000 pages ago and my error rate (including toner low warnings) is less than one every 1,000 pages.

    I love well engineered tech.

  72. Fast Eddie says:

    The only thing O’Biden had going for him was a rising market… that was until three months ago. Add to the slew of failures on his resume and he’s on par with Joe Judge in performance metrics. Personally, I hope the old f.uck and Heels Up keeps failing at every turn but now, they’re affecting my personal finances due to their f.uck-ups and laziness. November can’t come soon enough.

  73. Juice Box says:

    Epson makes refillable printers..huge amount of ink capacity. Black refill holds allot more too..no need to spend a fortune on those cartridges.

    Shaq endorsed too. (man that guy is everywhere).

    https://www.pcmag.com/reviews/epson-ecotank-et-4850-wireless-all-in-one

  74. Juice Box says:

    CDC director Walensky just let a real cat out of the bag. 75% of Covid deaths are people with 4 comorbidities. Death from covid or how many are death with covid…….

    The left go wild..the right goes wild…

    From WAPO.

    Headline: “Rochelle Walensky is not good at this”

    “Today at 12:19 p.m. EST

    We learned Friday that Rochelle Walensky, the director of the Centers for Disease Control and Prevention, has sought the counsel of a prominent media consultant amid struggles to craft a coherent and consistent message on the coronavirus.

    Even the same morning as that news was reported, Walensky appeared on ABC News and caused a stir by saying it was “really encouraging news” that 75 percent of people who were dying from the coronavirus had four or more comorbidities. This led to criticisms that she was trivializing the tens of millions of Americans who have such comorbidities. She tried to clean up that mess Sunday by tweeting that she “went into medicine … and public health to protect our most at-risk.”

    Just a few hours earlier, though, Walensky had slipped up again — and on much the same topic.”

    “Appearing on “Fox News Sunday,” host Bret Baier peppered her with skeptical questions about coronavirus vaccine mandates and other mitigation measures. The exchange that has gotten all the attention — particularly on the right — is when he asked her about a popular argument in conservative circles: that many people classified as coronavirus deaths are actually dying “with covid” rather than “of covid.”

    Perhaps owing to the experience of the days prior, Walensky offered a rather noncommittal answer.

    “With omicron, we are following that very carefully,” she said. “Our death registry, of course, takes a few weeks to … collect, and of course omicron has just been with us for a few weeks. But those data will be forthcoming.”

  75. BRT says:

    CDC director Walensky just let a real cat out of the bag. 75% of Covid deaths are people with 4 comorbidities. Death from covid or how many are death with covid…….

    Between the cloth masks, PCR tests, and now this, they are starting to sound like all those science deniers this past year. What’s next, HCQ and Ivermectin work if used early?

  76. Juice Box says:

    Breakthrough data for NJ is in.

    Week of Dec 20th – Dec 26th.

    Covid Positive Breakthrough cases 31,344 (total positive for state that week was 101,000)

    Murphy’s comment was “the unvaccinated are still the ones testing positive by a rate of more than two-to-one.”

    That puts it higher than my 1 in 4 scenario. It will be a while before we know if they had all the shots and how far apart the last shot was before they got infected. It could be as short as 90 days. Take AOC as an example, she says she was boosted in the fall…

  77. Juice Box says:

    Is there a shortage of ground beef? Both Shoprite and Whole Foods were completely out of it.

  78. Hold my beer says:

    BRT

    Have you heard of anything that can help long haulers regain sense of smell?

  79. Trick says:

    Our Shoprite was out of chicken Sunday morning, they only had some left over thighs or wings. Wings were $15 per package.

  80. Hold my beer says:

    Juice

    She needs to work on how she delivers her message. At least she’s not lying like the patron saint of pandemics does. She needs to figure out how to say if you are vaccinated and don’t have multiple comorbidities go about your life since it’s mainly unvaccinated with multiple comorbidities filling the hospitals and morgues.

  81. BRT says:

    Nothing concrete. Basically one person had a program where it’s essentially rehab. You spend half and hour trying to sniff certain scents and distinguish them. The goal is to retrain the nerves apparently.

  82. BRT says:

    Shop rite was low on chicken and sausage. Ground beef was out last. Week but restocked. Wing prices are up significantly. I’ve been eating thighs, leg quarters, and hearts since the price jumps. Pork prices way up and I can’t stand how hipsters discovered pork belly and drove up the price.

  83. Hold my beer says:

    BRT

    Thanks. They are already taking C, D, and zinc and have a mold allergy so they can’t try medical mushrooms.

  84. BRT says:

    Hold, Walensky has been worse than Fauci with her lying IMO. She’s a political mouthpiece ..that’s it.

  85. grim says:

    1/3rd of my daughters class is out today.

  86. Libturd says:

    I couldn’t even tell you who Walensky is. Somehow, my family, the most careful of any I know, remains uninfected. That’s with an autistic kid in a learning center and the 16 year-0ld playing hockey. Of course, he’s the ONLY one who wears a mask at all times when he is around others indoors, except when he is on the ice. Then he sits at the far end of the bench always. Sure, it could all change tomorrow when I get it, and if I do, I’ll be the first one to admit that well made masks and avoiding others indoors doesn’t work. But, somehow, the most careful people I know are still the ones who don’t get it. My point? Stop looking to political leaders for advice? They have and always will be out to screw you. Why would you take what comes out of their mouths as gospel?

    Look at scientific evidence, and for heaven’s sake, stay away from anyone who does not live in your home. If you can’t do that, well, then stop pointing at Fauci and Walensky. No one listens to them anyway. How many hundreds of thousands will die due to the downplaying of the effectiveness of the vaccinations that continue still to this day? The downplayers are the one’s to point your fingers at. It’s the entire staff at FoxNews who deserves to prison time. In an ideal world, they can serve time with Cuomo and Murphy. Instead, it will end up being the Faucis and Walenskys that will end up in jail, and we all know every political appointee is a puppet. Don’t we?

    Before the 10pm News on Fox last night, I put on Fox News for ten minutes to see what kind of lunacy they were promoting. There was some late aged women blaming the Biden Administration for all of their medical misinformation. Kind of the same arguments being shared here. Worse, this visibly upset woman was cackling like a Karen. Nearly crying as she was pleading her points. She was nearly crying for all of those Republican voters that Joe Biden killed with his misinformation about the vaccines. Oh it was hard to watch without laughing. Then, the host and title of the show pops up before I turn to the News on 5. The Next Revolution! Oy vey. And the host comes on and says seven words before the show ends. “I agree with everything you said.” And yes, MSNBC is no different. Sadly, this is where the vast majority of the Republican Party is getting their news from.

  87. chicagofinance says:

    re market -> BOING!

  88. Libturd says:

    Here you go. Judge for yourselves.

    https://youtu.be/8sgqavCIhPo?t=2138

  89. libturd says:

    re market -> BOING!

    Till tomorrow.

  90. Libturd says:

    I just looked up that crazy lady. Anything to get paid apparently.

    Bruce holds a bachelor’s degree in political science from the University of Southern California.[2]

    For seven years, Bruce served as president of the Los Angeles chapter of the National Organization for Women (NOW) (1990–1996).

  91. chicagofinance says:

    Was at your WF yesterday….. the store appeared heavily shopped in multiple areas. I am going to guess that the weather and COVID+ in logistics screwed them up last week. I would guess that if you give it a few days, you should be OK. As an aside, I got 1 1/2 lbs.

    Juice Box says:
    January 10, 2022 at 2:43 pm
    Is there a shortage of ground beef? Both Shoprite and Whole Foods were completely out of it.

  92. chicagofinance says:

    According to my wife, Murphy’s mask mandate at school’s is expiring tomorrow. Is this true? WTF? I understand how this came to be, but no one has stepped in the meantime?

  93. Libturd says:

    I read that Murphy is extending it.

  94. Juice Box says:

    Get ready for your fourth jab in about the March timeframe it’s coming…..

    Pfizer’s CEO Albert Bourla said today they are already manufacturing a reformulated vaccine targeting the Omicron spike protein and it will be ready for distribution in March. Some epidemiologists are saying it will be too late because everyone will have had Omicron by then.

    This should put some pressure on Sleepy Joe for sure. There will be controversy over a new booster being rolled out again in only three months, especially after so many people have died or recovered from Omicron by then. Perhaps as much as 80-90% of the population could have contracted Omicron.

    FYI Dr. Peter Marks who is in charge of the group that approves vaccines and boosters at the Center for Biologics Evaluation and Research (CBER) at the FDA is for boosters including people who were already infected with Covid. He has stated even for “mild” infections there is still the possibility of “long covid”.

    Yes you heard that right MILD RECOVERED COVID should be boosted anyway.

    From a Barron’s article last month.

    ” vaccine campaign should seek to protect Americans against moderate disease, and not just severe illness, because of the threat of “long Covid,” a term used to describe the still-developing science around people who suffer long-term effects from Covid-19 infections.

    Vaccinated people can still get long Covid, Marks says. “I know because I have friends who have had it, and that’s not a good thing,” he says. “I just think about it for me. What if I decided not to get boosted and then I got Covid, maybe it would be a mild case, just had fever, wasn’t able to work for a couple days, had to isolate. But then I had brain fog. That would not be so good, OK?”

    Maintaining protection against moderate disease, however, may require more than just three jabs. So far, it appears as though the neutralizing antibody responses induced by the messenger RNA vaccines, which are thought to play a vital role in preventing infection, don’t seem to last.”

    Going to be fun watching these battles….between the left right and center and the FUD is only going to grow and grow.

  95. Juice Box says:

    Chi – re: “Was at your WF yesterday…..”

    Thought I smelled Lakra me Mish….

    Why is it there is so much boiled cabbage in Europe anyway?

  96. Juice Box says:

    re: extending mask mandate in Skool… Seems some last minute drama down in Trenton from Steve Sweeney who will be out of office in a few days, he won’t allow the legislation to extend Governor Murphy’s powers…the law will expire tomorrow.

    https://news.yahoo.com/montclair-mayor-nj-teachers-union-204159114.html

  97. BRT says:

    Masking in school is absolutely pointless. Like I said, we don’t play mask police. He who chooses have his nose hang out does. He who doesn’t, does not. Elementary kids touch their mask all day long. A lot of them literally chew on it. Besides, we are finally admitting cloth masks do nothing.

  98. Libturd says:

    “Masking in school is absolutely pointless.”
    That’s an exaggeration.

    Here’s the other issue BRT. My son comes home today and says, for the first time since Covid started, all of the kids are actually taking Covid seriously and masking the entire time they are in school. So what were they doing before? It’s as bad as the people who say lockdowns don’t work, since we locked down last year. Yeah, right?

    I will be first in line for the Omicron booster. Gladly.

    The rest of you, with your pointless masks and inability to stay out of restaurants, bars and supermarkets and movie theaters can skip it if you want. It’s not like any mandates are followed anyway in this country.

  99. RaymondCoime says:

    Dear gentlemen!
    The energy massage inSoho it today skill give away bliss. The Soapy massage – on the influence on clients is meant practically unlimited available opportunities actions on bodily, and consequently, and psychoemotional state of health friends.
    Systematically visiting the four hands massage for clients, you guarantee himself excellent sexual relaxation.
    And while, french massage and not violates practically any prohibitions, for the reason it's not about sexual contact.
    In school sensual massage women will hold erotic 4hands massage. Similar swedish massage, as in principle, and relaxation, influences on some area human body, this give a chance male gain strength.

    [url=https://sites.google.com/view/eroticoutcallmassage]Блог платформы анализ наиболее NETOBSERVER RU[/url]

  100. Juice Box says:

    Lib – My point about the 4th shot is we might have been better off with the older recombinant DNA vaccine technology instead and used a surface protein that does not mutate as much as the spike protein. There are many long term studies decades even that show that type of vaccine has long term perhaps even lifetime immunity.

  101. joyce says:

    Come on, Libturd. Be fair. You can’t complain like that while also going to AC and Vegas.

  102. BRT says:

    My mom has covid. She only had 2 shots. Got it from my brother. He’s now a two timer. No shots. She said she had a sore throat yesterday and it’s already gone.

  103. BRT says:

    Lib,

    I should clarify. Mandates in school are pointless and cloth masking is pointless. We shouldn’t force kids to wear them if they aren’t going to do it properly. For those that want to wear one, great, and they should probably wear a real mask.

  104. grim says:

    Sweeney is a fiicking cancer on this state.

  105. grim says:

    I’m 3 for 3 and a regular mask wearer.

    Shot #4 for me is going to need to be something new.

  106. grim says:

    Miss Judy says 30k a day for the rest of this month.

    That’s nearly a million cases in one month. Also hospitalizations to peak next month, expecting to surpass the peak at onset, 8000.

  107. Libturd says:

    Joyce,

    Though isn’t it incredible how lucky I’ve been? Or is it that I won’t play in Vegas or AC if someone is sitting at an adjacent machine or when I did eat in a restaurant (twice), I made early arrangements to make sure I was not sitting within 20 feet of anyone else and was the only person to wear a mask the entire time except when I was eating.

    I’ve always posited that it’s a combination of all of the calculated risks you take. When I was in a casin0 in AC, it was mainly at hours noone was there. In Vegas only in the middle of the night. If it looked like ShopRite, I wouldn’t be in there.

    But yes, I could have completely locked myself in my home, not let my kids go to school, etc. Still, I am more careful than anyone I know. Could I be more careful? Yes. But I think the compromises I am making are scientifically smart decisions. You can think whatever you want. I would say the flight to and back from Vegas was the most dangerous activity I’ve partaken in. Of course, no soda or peanuts for me. But not the case for the other 175 passengers on board.

  108. Juice Box says:

    BRT – I’m down at the Atlantic club in Manasquan right really nice facility. Indoor soccer practice for my son.

    Lookey here also the Wall Football Coaches aka Cops who were present during this sexual
    assault? No charges just the juveniles it seems.

    https://www.nj.com/news/2022/01/multiple-wall-high-school-students-charged-with-hazing-sex-crimes-in-locker-room-prosecutor-says.html

  109. Libturd says:

    Grim,

    It’s more than just masks. You still head into work regularly? It’s a combination of everything.

    I rarely leave my home or car (when I drive kids to school). We do all our shopping remotely. If there is a line in a store, say the one or two times I’ve tried to go to CVS, I won’t go in.

  110. Libturd says:

    Joyce,

    Just curious. Have you gotten it? Or are you playing hermit too?

  111. BRT says:

    My father got us a membership at the Atlantic Club when I was in middle school. Definitely was a nice facility. Haven’t been there in decades though.

    Juice, I described the Wall locker rooms to my coworker as a warzone, especially in middle school. They went after me when I was new there in 6th grade but I was able to fight back. Youngest kid in the grade because the cutoffs were different by like 9 months from North Jersey. Got into enough situations in Bergenfield to know, just fight and you’ll be respected. But I can tell you stories of kids just getting physically pummeled every day. It was bad. And it was never a fair fight either. I thought it was a joke because it was white suburbia…but they acted like animals. But now that I teach in wealthy schools, I can tell you in hindsight…something has always been very very off with the people from Wall.

  112. The Great Pumpkin says:

    Agreed.

    “Bears are good.

    You need them for life changing returns.

    If you’re able to see through the noise, I truly believe that $50K invested in each- $TSLA #Bitcoin  $ETH will passively make you a millionaire by the end of the decade if you can hold through.”

    https://twitter.com/backpackerfi/status/1480728593282080777?s=21

  113. joyce says:

    Libturd,
    Your comments are spot on. Your “luck” is influenced by the risk mitigation measures you and your family have put into place. At some point, you decided that in addition to the essentials (food, work, medical appointments, etc.) that you were going to venture out under certain conditions. The risk was worth it in your opinion. Others came to a similar conclusion – I’m sure without as much rigor as you put into it – that they were going to get back some semblance of normalcy (and take on greater risk than you, on average).

    I’m fortunate I have not caught covid, yet. I haven’t felt sick at all in a long while (knock on wood). A cough here, sneeze or two there… but nothing even remotely approaching the need to get tested. I’m not living like a hermit, nor like a college student on spring break either. I’m behaving in a way I think is relatively safe while not sacrificing everything that I enjoy. I’m not sure about anybody else here, but the pandemic has definitely made me rethink things related to mental health.

    Back to your point, you could have done more. I could have done more. Why didn’t we do more? Our lack of doing more has increased, albeit to a small degree, the potential for more community spread. Even with wearing a n95 mask, planes having better air filters and forgoing the peanuts, you could have been sitting next to someone with asymptomatic COVID. I’ve flown too during the pandemic, multiple times. I guess I’m just saying it seems like driving 75mph while criticizing those driving 85 (not the best of analogies but you get my meaning).

  114. Juice Box says:

    Re: million cases in a month

    The CDC now says when you wake in the morning you should I step outside
    Then take a deep breath and get real high
    Then scream from the top of you lungs
    What’s goin’ on?

  115. Libturd says:

    Thanks for answering Joyce.

    Wall is fukced up because they are misplaced hicks. That’s why there is a raceway there.

Comments are closed.