Here we gooooooo!

From CNBC:

Home prices cooled at a record pace in August, S&P Case-Shiller says

Home prices are still higher than they were a year ago, but gains are shrinking at the fastest pace on record, according to one key metric, as the housing market struggles under sharply higher interest rates.

Prices in August were 13% higher nationally compared with August 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is down from a 15.6% annual gain in the previous month. The 2.6% difference in those monthly comparisons is the largest in the history of the index, which was launched in 1987, meaning price gains are decelerating at a record pace.

The 10-city composite, which tracks the biggest housing markets in the United States, rose 12.1% year over year in August, versus a 14.9% gain in July. The 20-city composite, which includes a broader array of metropolitan areas, was up 13.1%, compared with a 16% increase the prior month.

“The forceful deceleration in U.S. housing prices that we noted a month ago continued in our report for August 2022,” wrote Craig Lazzara, managing director at S&P DJI, in a release. “Price gains decelerated in every one of our 20 cities. These data show clearly that the growth rate of housing prices peaked in the spring of 2022 and has been declining ever since.”

Leading the price gains in August were Miami, Tampa, Florida, and Charlotte, North Carolina, with year-over-year increases of 28.6%, 28% and 21.3%, respectively. All 20 cities reported lower price rises in the year ended in August versus the year ended in July.

The West Coast, which includes some of the costliest housing markets, saw the largest monthly declines, with San Francisco (-4.3%), Seattle (-3.9%) and San Diego (-2.8%) falling the most.

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79 Responses to Here we gooooooo!

  1. Hold my beer says:

    First

  2. dentssdunnigan says:

    second

  3. Very Stable Genius says:

    3rd

  4. The Great Pumpkin says:

    I’ve said this on here before. Just because the data avgs say there is a price decline, good f/ing luck finding a desirable house at a discount. If I’m wrong, find me a desirable house with 10-20% discount in northjersey. Bunch of chit housing being sold that is reflected in the data, not desirable. Also, new housing….that’s the only desirable homes you will get at a discount from the builder’s original price, but you are already paying a premium for new. Find me a deal on a desirable used house ….would love to see it.

  5. Fast Eddie says:

    Train parking lot – 100% full.

    Meet the new boss, same as the old boss.

  6. Chicago says:

    The Ten is sub 4

  7. Chicago says:

    People don’t realize that a strong dollar is a natural drag on oil prices. If the dollar backs of, watch oil explode (no pun intended).

  8. 3b says:

    Fast: My lot around 15 cars on a busy day. I was in the office Tues/ We’d for presentations group chats, strategy meetings with entire team, no work , lunches dinner’s drinks etc First time back since the pandemic, lower Manhattan/WTC area, very quiet all around in my building and outside, no lunch time rush, no 5 o’clock rush. Except for my team rest of the floor was pretty much empty. Left at 5 to go to dinner, across to Broadway/ Fulton no big crowds , pretty quiet. Some people are back as you note, but many others are not. My Brother says Times Square area has picked up but nothing like it was.

  9. 1987 Condo says:

    We dodged that bullet: (whew!)

    https://www.nytimes.com/2022/10/27/briefing/un-report-climate-change.html

    The Climate’s Improved Future
    The world has made real progress on climate change.

    Five years ago, the journalist David Wallace-Wells explored a worst-case scenario for climate change: one in which the planet warmed by as much as 5 degrees Celsius by 2100 — causing widespread extreme weather, economic collapse, famine and war.

    Now, David sees that level of doom as much less likely, he writes in an essay for this Sunday’s climate issue of The New York Times Magazine, where he is a columnist. While 5 degrees of warming once seemed possible, scientists now estimate that the Earth is on track to warm by 2 to 3 degrees. That difference might not seem huge, but it translates to fewer record-breaking floods, storms, droughts and heat waves and potentially thousands or millions of lives saved in the coming decades.

    “The window of possible climate futures is narrowing, and as a result, we are getting a clearer sense of what’s to come: a new world, full of disruption but also billions of people, well past climate normal and yet mercifully short of true climate apocalypse,” David wrote.

    In other words, humanity has made progress on one of the most serious challenges it has ever faced. “I’ve grown more optimistic than I used to be,” David told me. “The endgame looks calmer and more stable than it did a few years ago.”

  10. Bystander says:

    50% full here…some days more full than others. No real change. Full was due to Yankee games but returned to same now.

  11. Fast Eddie says:

    3b,

    I’m not sure of the disparity in train parking lots as I suspect you and I are in the general vicinity of similar Haughtyville towns. There is not an open spot in the lot.

  12. Fast Eddie says:

    Mortgage rates surpassed 7% for the first time since April 2002, adding more reason for price-struck homebuyers to stay on the sidelines.

    The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Rates have jumped 3.86 percentage points since the start of the year, the largest year-to-date increase in over 50 years.

    The dramatic increase in rates – driven by the Federal Reserve’s aggressive fight on inflation – has crushed homebuyer demand, while home sellers continue to lose confidence as price reductions become more common.

    Friskies! Boyaa!!

  13. The Great Pumpkin says:

    Have to be one brave individual to buy into these markets at this point in the cycle.

    “Leading the price gains in August were Miami, Tampa, Florida, and Charlotte, North Carolina, with year-over-year increases of 28.6%, 28% and 21.3%,”

  14. The Great Pumpkin says:

    Yup, it’s inevitable. WFH taking over the labor market and ending offices was as likely as green energy taking over this decade. Pumps nailed this one despite how wrong I looked at times, but I never backed down….my position was based on simple logic.

    BTW, Wayne rt 23 lot was almost full today. That’s a big lot too.

    Fast Eddie says:
    October 27, 2022 at 9:33 am
    Train parking lot – 100% full.

    Meet the new boss, same as the old boss.

  15. Chicago says:

    Humanity has made progress? No his narrative has changed (for whatever reason). I would argue that given what China is doing, we are substantially worse off than a few years ago. That said, it is no end game. We will manage with our ingenuity. Doesn’t fit with the aggressive series of green solutions that are merely a massive political boondoggle.

    1987 Condo says:
    October 27, 2022 at 10:07 am

    In other words, humanity has made progress on one of the most serious challenges it has ever faced. “I’ve grown more optimistic than I used to be,” David told me. “The endgame looks calmer and more stable than it did a few years ago

  16. Chicago says:

    Meta sucks balls. Zuck is a megalomaniac cash pyromaniac.

    Absolute power corrupts absolutely.

    Could there be more of a heartwarming story for the holidays?

  17. 3b says:

    Fast: I don’t know, maybe your lot gets more people from other towns parking there. But, I gave you a run down of what lower Manhattan/ WTC / Wall Street looked like on Tuesday and Wednesday of this week, and it was pretty empty, no crowds no buzz. And on two days and office attendance for hybrid/ remote is supposed to be high. Both days were telling with how thin the amount of people was. 5 o’clock and no swarm of people on the elevators or escalators. Lots of empty stores in WTC and Brookfield Place, and lots of empty offices space. There is no going back to the old days, it’s not efficient, productive or cost effective. Lease renewals when they come up will certainly be telling.

  18. BRT says:

    Green solutions are always somehow cost inefficient and impractical, but great money funneling mechanisms to make people inside get rich quick. That’s literally what makes them so profitable. You create a company with no ability to make money, therefore it’s worthless, you toss it a subsidy and it magically increases revenue projections 20 fold overnight. They are literally the ideal pump and dump setup.

  19. Hold my beer says:

    Saw blackpink last night. Arena sold out 2 nights in a row.

    https://youtu.be/taWRqEbcf4g

  20. Juice Box says:

    Let’s look at the data…it has not moved all that much…

    NYC Subway—->
    Date Total Estimated Ridership % of Comparable Pre-Pandemic Day
    Tuesday, 10/25/22 3,713,773 62.1%

    NYC Bus—–>
    Tuesday, 10/25/22 1,347,902 58.0%

    LIRR——->
    Tuesday, 10/25/22 200,700 70%

    Metro North —–>
    Tuesday, 10/25/22 183,500 71%

    https://new.mta.info/coronavirus/ridership

  21. The Great Pumpkin says:

    Juice,

    Go take a look at the highways and tell me that everyone is home working. Sure. The roads look nothing like 2 years ago during the pandemic. The traffic increases every week.

  22. The Great Pumpkin says:

    I don’t even see articles talking about WFH as the future anymore…

  23. Fast Eddie says:

    100K overpriced @ 7% or better fixed rate. 5K PITI per month after putting 133K down for this standard house isn’t going to cut it. It’ll sell for the mid 500s:

    https://www.trulia.com/p/nj/montvale/19-shadow-ln-montvale-nj-07645–2006691759

  24. Hold my beer says:

    Drove into Dallas last night before 6 last night. Traffic was flowing at 60-70mph the whole trip. Dallas traffic was awful almost any time of the day pre pandemic. Pre pandemic the last 2-3 miles to the arena would have taken at least 30 minutes at 6 PM.

  25. Juice Box says:

    re: green boom for Who? All made elsewhere in reality.

    USA used to make only 3% of the worldwide production of Photovoltaic cells…..China is about 70%, Vietnam is about 8% and South Korea is third at 5%.

    BTW the factories to make them? You know all that money congress just passed and all right? Wafer production in the United States ended in 2015, cell production ended in 2021, and it is unclear whether any solar-grade polysilicon is being produced domestically today.

    There is still assembly…but not manufacturing. China is also ramping up massive amounts of factories…..

  26. The Great Pumpkin says:

    Doesn’t Dallas have some of the highest back to office percentages?

    Hold my beer says:
    October 27, 2022 at 11:05 am
    Drove into Dallas last night before 6 last night. Traffic was flowing at 60-70mph the whole trip. Dallas traffic was awful almost any time of the day pre pandemic. Pre pandemic the last 2-3 miles to the arena would have taken at least 30 minutes at 6 PM.

  27. Hold my beer says:

    Pumps

    Have no idea. Just know it was very easy to get into downtown Dallas during rush hour.

  28. Very Stable Genius says:

    Sounds just like trump

    “Putin Rails Against ‘Western Elites’ in Closely Watched Speech“

  29. Juice Box says:

    Empirical data for NYC says WFH and Hybrid here to stay forever.

    Kastle Systems (door swipes) 46.1%

    Partnership for NYC (employer surveys occupancy) 49%

    Google mobility data ( Time Spent Outside Home NYC ) -30%

  30. Juice Box says:

    More data where did everyone go? These trains used to be packed like sardines.

    PATH WTC Ridership Sept 2019 – 1,523,934
    PATH WTC Ridership Sept 2022 – 966,126

    PATH Uptown Ridership Sept 2019 – 1,838,517
    PATH Uptown Ridership Sept 2022 – 966,126

  31. Juice Box says:

    Opps Copy Pasta error Path WTC is actually less 872,684 for Sept 2022.

  32. BRT says:

    Sounds just like trump

    I heard they colluded together to make the speech that way.

  33. The Great Pumpkin says:

    Juice,

    The people that never came back into the office are probably not that important. Not being a dick, but just pointing out the truth. How many of these missing individuals have had their job off-shored for cheaper labor or are in the process of having their job repacked for someone to do it cheaper? Face it, if you don’t need to go the office for your job, you are not that important to the company….your job will be replaced with cheap labor, it’s only a matter of time.

  34. grim says:

    I wager a bet.

    More employees will lose their jobs as a result of their employers going out of business because of not being able to navigate the shift to virtual and hybrid than will lose their already virtual jobs to outsourcing.

  35. Juice Box says:

    re: “Sounds just like trump”

    Ever the fool eh? How about focus on today and not the past?

    From Putin’s speech today pay attention…”New centres of power have been born, including in Asia, says Putin”

    Like China’s belt and road program Putin is now offering tons of Russian fertilizer for free to developing countries and discounted oil to curry favor.

    There is a shift in power, these countries want what Russia has and the West’s sanctions on Russia’s shipping, insurance, logistics and payments is stopping them from getting it whether it be discounted oil to India and China or fertilizer to Africa. Russia is still the largest global exporter of fertilizer and the second largest exporter of oil. December 5 is the cutoff date for Insurance for the Russian fleets of tankers. The EU has no replacement for 714,000 barrels of Oil they still import daily…..

  36. Libturd says:

    I worked out of Union office today. There are two people in the non-manufacturing portion of the building. It has, twenty two desks.

  37. Juice Box says:

    re: WFH/Hybrid – Disregarding established facts based on real empirical evidence and reasonable opinions if they fail to meet one’s expectations is known as tactical stupidity.

    NYC MTA by year Farebox Revenue estimates for budgeting purposes in the coming years.

    2022 $2,625 Billion
    2023 $2,973 Billion
    2024 $4,856 Billion
    2025 $5,393 Billion
    2026 $5,478 Billion

    These farebox revenue estimates only supply 27% of the cost to run the MTA, it’s assuming ridership returns and or fares double and the State and Federal massive multi billion dollar annual subsidies continue.

  38. Ex says:

    12:24 yeah Russia is the World’s Largest exporter of shit.
    And yeah if they keep it up the Patriots here will turn that fucking place into a parking lot.

  39. The Great Pumpkin says:

    Do you really believe the majority of businesses will be run remotely? Do we really believe people will be living and working out of their homes all day? No f/king way in my mind.

    Serious question. Who in their right mind wants to spend their 20s to 60s mostly in their house? Going to be some depressed individuals out there. How is that not like living in a cage, always in the same place all day by yourself talking to a screen.

  40. 3b says:

    Juice: I was on Path last two days in the morning, around 7:30 A.M, and there were plenty of seats available from Hoboken to WTC pre pandemic, the trains were packed, and rare to get a seat.

  41. The Great Pumpkin says:

    Juice,

    So what are you recommending? That nyc abandons public mass transit system?

    Let’s get real. Right now, the system is in the low of its cycle, but it’s only a matter of time before it is used regularly again. INEVITABLE. If not, NYC IS DEAD. If nyc is dead, so is the economy. Not happening.

  42. 3b says:

    No one I socialized with the last couple of days from mid 20s all the way up expressed any interest in coming back to the office to do day to day work, including senior management, you know senior management and below, I guess none of us are that important. Our productivity levels are through the roof! We liked being able to socialize with each other, and discuss some topics in an informal setting, and plan to do it maybe once a quarter. Everyone was discussing the massive improvement in their quality of life.

  43. Juice Box says:

    Ex – Fallout from nuclear bomb tests in the 1950s and ’60s are still showing up in U.S. honey supply, and there was not that many above ground tests in the USA but plenty in the pacific ocean. Imagine a few hundred or few thousand detonations churning up radioactive particles into the upper atmosphere? It does not need to be here…

    There is no missile defense system capable of stopping the reentry vehicles that rain down from space and use simple Newtonian physics as they travel at 18,000 mph to destroy cities. It does not exist anywhere nobody can stop them. Even if you are nowhere near the blast you will still get your share of gamma, neutron, and ionizing radiation anywhere on the planet for a long time even if one side “wins”.

    They only way to win is not to play the game.. This is the simple truth. We are however playing the game again. There are now 100,000 US Troops massing near the border of Ukraine, both the West and Russia are doing nuclear drills again…Biden himself has said we have not been this close to annihilation since the Cuban missile crisis.

    They need to get back to the negotiation table again or there will be no ceasefire and no de-escalation.

  44. Juice Box says:

    History Rhymes… In the in 1970s economic changes hit New York City particularly hard, and the downturn in NYC was amplified by a large movement of middle-class residents to the suburbs. It drained the city of tax revenue and by October 16, 1975 NYC was bankrupt.

    The only question right now is to what degree?

  45. Nomad says:

    FWIW

    PWC U.S. chairman Tim Ryan says three-day or five-day mandates for workers to be in the office are out of touch with a permanent shift in the balance of power between labor and management.
    He says work has traditionally been designed to provide the illusion of choice, but now employee demands for real choice must be taken seriously.
    Bosses that don’t understand this fundamental shift will lose talent and ultimately lose market leadership.

    https://www.cnbc.com/2022/10/26/the-war-for-talent-is-over-talent-won-says-pwc-us-chairman.html

  46. Ex says:

    1:17 no doubt. It’s uuuuugly.
    But I’m down for a first strike.

  47. Ex says:

    Can you imagine??? We’ll get our Cormac McCarthy ending after all!
    Shopping carts….long walks in the nuclear winter garden.

  48. Fast Eddie says:

    MIKE ROWE: I do think with regard to that workforce participation rate, that to me is the most chilling metric of all. It’s more chilling than the latest report card because it’s an indication of what’s to come. …

    Seven million able-bodied men between the ages of 25 and 54 are not only not working. They are affirmatively not looking for work. They’ve punched out. They’re done. The vast majority of them spend over 2,000 hours a year on screens. Now, I’m going to get a lot of pushback for this because people will say, well, you’re just calling lots and lots of people lazy. No, I’m not. I’m saying that the unemployment rate is an artifact left over from the Depression era when we tried to make sense of what was happening in our economy during a time when we explained unemployment by a lack of opportunity. Today you have 11 million open jobs. You have 7 million able-bodied men sitting it out. So what’s really happening in the country now that scares me right to my core fundamentally is that we’ve never had so much unrealized opportunity and so little enthusiasm for it.

    https://www.foxnews.com/media/mike-rowe-sounds-alarm-men-leaving-workforce-chilling-metric

  49. The Great Pumpkin says:

    I agree. Workers are calling the shots. Too many boomers retiring and not enough to replace them. Problem is, we will turn into a union work force if this keeps up. Good luck owning a company under these conditions. It will lead to constant inflation at a lower productivity rate…

    Nomad says:
    October 27, 2022 at 1:28 pm
    FWIW

    PWC U.S. chairman Tim Ryan says three-day or five-day mandates for workers to be in the office are out of touch with a permanent shift in the balance of power between labor and management.
    He says work has traditionally been designed to provide the illusion of choice, but now employee demands for real choice must be taken seriously.
    Bosses that don’t understand this fundamental shift will lose talent and ultimately lose market leadership.

    https://www.cnbc.com/2022/10/26/the-war-for-talent-is-over-talent-won-says-pwc-us-chairman.html

  50. The Great Pumpkin says:

    Lmao….guess my question below was answered. What a chit show.

    “Seven million able-bodied men between the ages of 25 and 54 are not only not working. They are affirmatively not looking for work. They’ve punched out. They’re done. The vast majority of them spend over 2,000 hours a year on screens. Now, I’m going to get a lot of pushback for this because people will say, well, you’re just calling lots and lots of people lazy. No, I’m not. I’m saying that the unemployment rate is an artifact left over from the Depression era when we tried to make sense of what was happening in our economy during a time when we explained unemployment by a lack of opportunity. Today you have 11 million open jobs. You have 7 million able-bodied men sitting it out. So what’s really happening in the country now that scares me right to my core fundamentally is that we’ve never had so much unrealized opportunity and so little enthusiasm for it.”

    https://www.foxnews.com/media/mike-rowe-sounds-alarm-men-leaving-workforce-chilling-metric

    The Great Pumpkin says:
    October 27, 2022 at 12:50 pm
    Do you really believe the majority of businesses will be run remotely? Do we really believe people will be living and working out of their homes all day? No f/king way in my mind.

    Serious question. Who in their right mind wants to spend their 20s to 60s mostly in their house? Going to be some depressed individuals out there. How is that not like living in a cage, always in the same place all day by yourself talking to a screen.

  51. SmallGovConservative says:

    I still think the final chapter on return-to-office won’t be written until a significant recession hits and unemployment jumps. While it’s clear that employers have been unsuccessful in coaxing people back to the office by asking nicely, I think many people will return when they’re scared for their jobs.

    I personally think that companies should simply make work ‘configuration’ part of each individual employee’s overall compensation package. So in the same way that high performers receive the highest salaries, they would also receive the greatest work flexibility. High performer = high salary + 5 days work from home. Poor performer = low salary + 0 days work from home. Great way to get poor performers to quit.

  52. Ex says:

    The push/pull of wfh. Double edged sword.
    It’ll vary, but thankfully far fewer workers are bound by office chains.

  53. 3b says:

    Small: Makes no sense, if the individual is performing poorly, home or office in most cases won’t make a difference. If and employer is demanding people come back and they don’t, then I agree a recession will encourage some to come back. I can tell you for a fact that there are a significant amount of companies out there that are not demanding their employees come back , or come back full time as in 5 days a week.

    Away from happier employees performing on a high scale with hybrid or fully remote there is the massive savings from dumping or significantly decreasing office space. And in a recession companies can both lay people off and dump real estate. The older smarter management people understand that, there are others of course who can’t or won’t. Eventually, the younger generations will be running these companies, and won’t have that rigid mindset of everyone must be in the office full or most of the time. We are coming up on 3 years of remote/ hybrid since the start of the pandemic. There is simply no going back to the old way. Smart management understands that. It’s still playing out of course, and there will be multiple forms of how it all looks, from fully remote to one or two or 3 days in the office or at home. Two things for sure it’s never going back to 5 days in the office with perhaps an occasional WFH day. Second, whatever forms it takes will dramatically lessen demand and in many cases eliminate the need for commercial office space: that in turn will have extremely negative consequences for NYC and other cities.

  54. The Great Pumpkin says:

    BREAKING: Economists at @BlackRock are telling financial advisers that they expect “pivot language” at the next @federalreserve meeting when they expect Powell to announce a 75 BP FF hike followed by two smaller ones and a pause to get us to around 4.75%. More 130pm @FoxBusiness

  55. The Great Pumpkin says:

    Like the idea. Thing is, as an owner/leader of a business, you want control over your workers. You want them working together in person because that’s when you get the most out of them.

    You guys blow it off, but why do you think education failed with virtual learning? You guys act like it’s different because they are kids, but it’s not. Learning and working together is easier to do in person as opposed to through a screen. That’s the bottom line. If you think teaching a student is any different than a worker, you are wrong.

    “I personally think that companies should simply make work ‘configuration’ part of each individual employee’s overall compensation package. So in the same way that high performers receive the highest salaries, they would also receive the greatest work flexibility. High performer = high salary + 5 days work from home. Poor performer = low salary + 0 days work from home. Great way to get poor performers to quit.”

  56. No One says:

    Regarding social media profits falling, here’s a hypothesis:
    Might it be that spending lots of money to hire experts in social justice, diversity, and wrongthink so that they can harass users, ban and block them, apply biased factchecks, accuse them of spreading disinformation, while promoting false leftist narratives to them as truth actually annoys a lot of users while driving up the companies’ personnel costs.

  57. Libturd says:

    Social media profits are exclusively from advertising. So your right wing narrative doesn’t fit. Please try again.

    As for the shocking stat of men not returning to the workforce, I guarantee that a significant number of those are working, but off of the books. I can’t tell you how many people I’ve paid off the books lately. The autobody shop, since it wasn’t an insurance job when a deer tried to run through my car. My lawnmower of 8 years at the multi asked me for three separate checks, all under 5K each. The asbestos guy, offered me a large cash discount as well as the plumber who fixed my main flush out. Then there’s the car audio guy who replaced my busted speaker in Paterson, my painter, who offered to write me up an invoice for any amount I chose as long as I paid in cash. My cleaning lady, cash only. I’m sure I missed a few, but I know what it’s from.

    Too many government giveaways based on AGI. It’s been completely out of control as of late and I don’t blame those playing the game. Heck, our politicians play the game 24/7. Why shouldn’t their constituents?

  58. 1987 condo says:

    Amazon drops 18% on poor guidance.

  59. Ex says:

    3:14 it’s about time. Who the hell wants to be tied to NYC, LA, or any other major city.

  60. Bystander says:

    Whatever is happening in labor market I can assure you that firms are not writing big checks to lure you back to NYC. If 11m openings then pure sh&t jobs or ridiculous hiring practices and/or over top qualifications, like desktop analyst with masters. Quite the opposite of good labor market, fishing around for lower paid contract workers with promise of temp to hire. I had two today that I am sure I had phone screens in past, MUFG and National grid. Very similar jobs and now contract for lower rates. If PWC is right then capitulation should be coming but still most contacts for 3,4,5 day onsite for crappy wages.

  61. NoOneIs StudyingForGasChamberOperatorLicense says:

    No One,

    Libturd got it right.

    At heart Meta is an advertising company like Google, Microsoft, Apple but no operating system it can control. That is why Z is going head over heel deep end into the Augmented Reality/Virtual Reality that he call Meta, because you will have to use Meta’s device and OS so that he can control every bit of you.

    Maybe Zuckenberg should have gone after Nokia or Motorola to co-opt the device with his OS and hand out the device as loss leader with the gold mine being all the data it hoover up, sort of what the chinese commies did with WeChat, Huawei, and others. Nothing is guaranteed but Amazon tried it out with the Fire Phone, but they make their money as merchants and they got all the data to analyze that they need already like Wal Mart does.

    As you will learn in the future if your nutjobs takes complete control. Authoritarians leaders like Zuckenberg shine bright but overall make low quality decisions. They are only very partially good at hiding bodies.

    I can foresee one side of let’s say Thiel, Carson taking out Eric, Bannon, etc.

    https://youtu.be/6xVip745osc

  62. libturd says:

    Can you feel that? That’s the economy crashing and burning. Go ahead and blame Trump or Biden or the pope. Hope you all keep your jobs because this one is going to be a real doozy.

    https://youtu.be/YrYe-ezyegY

  63. 3b says:

    Lib: It is all going to be ok. The Fed is going to pivot and lower rates. And it will be back to race’s, markets will explode, housing prices will increase 20 a year, companies are going to give massive raises, so when inflation goes up again, it won’t be a problem, oh and debt does not matter.

    Of course what I said is all BS and we will are / will go into recession.

  64. Bystander says:

    Lib,

    The scariest part is that America is at peek soft and fat. A pin prick will feel like arm cut off to many. Better to be around hardened society Polish, Irish, Israelis if shite hits fan. I worry about Ireland being too soft now and I could transition there easy

  65. Ex says:

    The economy has always been a moving target.
    Juuuust like job security . Prove me wrong.

  66. Ex says:

    5:51 just relocate to Kentucky. It’s like a foreign country.

  67. No One says:

    Of course social media makes money via advertising. But you can sell more ads when you have more people spending time actively on your platform. Meta users stagnate as users get aggressively censored and angry. Personnel costs rise as they hire more ESG & diversity deadweight. And new ideas that require goggles disappoint as usual.

  68. grim says:

    Zuckerberg is going deep w/ Microsoft, it’s his only play. That last joint press conf. w/ Accenture and Microsoft was everything you need to know.

    He can’t compete with Apple otherwise, and certainly nobody is going to take him serious without big business backing.

    Microsoft was quietly building their business metaverse in the background: Hololens, Mesh, etc.

  69. Fabius Maximus says:

    Well there’s a first. Cramer apologizes for his META call.

    https://twitter.com/unusual_whales/status/1585682534213767168

  70. The Great Pumpkin says:

    I’m with Grim, this isn’t the end of zuck. Think of it like the Apple story. He’s right, just early to the show. Desktop computers will be replaced with VR. Inevitable. That’s when WFH becomes real. When it bottoms, I am def buying some.

  71. BRT says:

    yeah, friggin losers. Who wants to sit at home? Nobody! Until they make VR, then everybody!

  72. The Great Pumpkin says:

    BRT,

    Sadly, this is where they want to go with human use of computers. Swiping wasn’t enough, they now want us to live in a digital world they created.

    Peak civilization in America was 80s. When people still had balls and people actually lived.

  73. Found funny movie says:

    Found it.

    Netflix – French movie. “ I’m Not an Easy Man “

    A world run by butch women and sissy men know their place.

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