From Redfin:
Home Prices Fell 3% in March—Biggest Annual Drop in Over a Decade
The median U.S. home sale price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012. That follows February’s 1.2% dip, which was the first annual decrease since 2012.
Pandemic boomtowns and pricey Bay Area markets led the price declines in March. In Boise, ID, prices fell 15.4% from a year earlier, more than any other U.S. metro area Redfin analyzed. Next came Austin, TX (-13.7%), Sacramento, CA (-11.9%), San Jose, CA (-10.5%) and Oakland, CA (-9.7%). Boise also saw the largest drop in pending home sales, with a 78.8% year-over-year decline. Nationwide, pending sales fell 26.6% on a seasonally-adjusted basis to the lowest level since the onset of the pandemic (April 2020).
The dip in pending sales is a major contributor to the dip in home prices; fewer buyers mean sellers need to list their homes for less money to attract the house hunters who remain.
first
Grim
Who was that home inspector (Monmouth County?) that you spoke about/recommended a while back? Need one for Spring Lake.
Thanks!
Auctioneer John
If you click the link above and read closely, it takes a bit to decipher the data. As for the NY/NJ/CT metro area, we can describe the scenario in our sleep; list a house this morning, answer 50 texts and calls by tomorrow, accept an offer the day after. Mortgage rate? What mortgage rate? End of story.
https://www.facebook.com/afullhouseinspection/
“Your personal touch is waiting for you!! Don’t hesitate, this charmer will be gone in a hurry!”
https://tinyurl.com/yeyw9wh2
WASHINGTON — On the Chinese coast, just 135 miles from Taiwan, Beijing is preparing to start a new reactor the Pentagon sees as delivering fuel for a vast expansion of China’s nuclear arsenal, potentially making it an atomic peer of the United States and Russia. The reactor, known as a fast breeder, excels at making plutonium, a top fuel of atom bombs.
The nuclear material for the reactor is being supplied by Russia, whose Rosatom nuclear giant has in the past few months completed the delivery of 25 tons of highly enriched uranium to get production started. That deal means that Russia and China are now cooperating on a project that will aid their own nuclear modernizations and, by the Pentagon’s estimates, produce arsenals whose combined size could dwarf that of the United States.
What we need to do here is pull down a few more rac1st monuments and place more of our beloved transgender leaders on beer cans. Nothing says “We’re Serious” to the rest of the world by demonstrating our progressive actions!
Oh, and we need to ban gas-powered lawn mowers!! There! That’ll show them!
Space X up for another launch attempt this morning. 10:3o ET.
https://www.youtube.com/watch?v=-1wcilQ58hI
I have a few theories: We are on our 2nd or 3rd iteration of human existence. The earth is ~ 4.5 billion years old. It was habitable about 4 billion years ago. We evolved, advanced through technology and destroyed ourselves or were wiped out and evolved once again through evolution to our current status. We may even be on our 3rd “version” of existence. My other theory is that alien sightings are actually humans from earth that perfected technology, left earth millions of years ago due to some form of impending disaster and are now observing the current form of humanity. The last theory I have is that we are a software simulation as we comprehend it and are being observed on an experimental basis by an extremely advanced life form.
Ed – At one time there were over 70,000 nuclear warheads. With the various START treaties that began under George HW Bush in 1991 when the Soviet Union was still around each side is limited to 6,000 “accountable” warheads and 1,600 “deployed” warheads in ICMBs, submarines and bombers.
The Soviets no longer want to follow those treaties and their extensions. China on the other hand is not a part of any of those treaties. They have have 4x the amount of warheads Israel has or India or Pakistan about 400. They don’t want to bomb their biggest customers for their manufactured products out of existence. Heck they own vast amounts of American agriculture. I don’t think they want irradiated pork being fed to their population. I don’t see them as a threat because they are making Plutonium, they have been making it for decades and wisely never scaled up production like we did during the cold war.
What’s the marginal utility of the 1,601st warhead?
I’ve got to imagine given the overhead of supporting that, maintaining that, etc. Not really the best use of money.
I realize that the large-scale effectiveness of a single nuclear warhead is fairly limited. Taking out maybe a city. But, we’ve got something like 500 cities on earth of more than a million people. We’ve got more than 10,000 cities on Earth in total. So, I suppose I could see why you might need a few thousand nuclear warheads if you were hell bent on armageddon. Maybe a few missiles per city to really get good coverage.
I don’t know, it seems like you really only need a few dozen to gain deterrent status. Honestly, it’s the delivery vehicle that’s probably more important today.
Pumps, you do you on DNA, and I am not trying to influence you. Especially with the stock where it is as we are reaching territory where if she’s not going out of business there is practically only so much further she can fall, but….
That Twitter piece posted by the company itself is the biggest, brightest short signal I’ve seen in a while…
You’re supposed to be the undisputed leader in a sector/process which use produces demonstrable exemplary results. People are supposed to be kicking down your doors coming to you.
And….to market your superlative process, you hit the public forums trolling for customers with a ‘pay-only-if-satisfied’ plea….on a high cost, highly specialized commercial sale for a six- or seven-figure product….all that tells me, with a megaphone, is their revenue is evaporating even faster than *they* thought….
The head HS cheerleader doesn’t need post flyers on telephone poles looking for a prom date.
Maybe the pentagon should stfu and do it’s job.
https://mattstoller.substack.com/p/the-military-industrial-stock-buyback
https://www.acq.osd.mil/asda/dpc/pcf/docs/finance-study/FINAL%20-%20Defense%20Contract%20Finance%20Study%20Report%204.6.23.pdf
Fast Eddie says:
April 20, 2023 at 7:18 am
WASHINGTON — On the Chinese coast, just 135 miles from Taiwan, Beijing is preparing to start a new reactor the Pentagon sees as delivering fuel for a vast expansion of China’s nuclear arsenal, potentially making it an atomic peer of the United States and Russia. The reactor, known as a fast breeder, excels at making plutonium, a top fuel of atom bombs.
The nuclear material for the reactor is being supplied by Russia, whose Rosatom nuclear giant has in the past few months completed the delivery of 25 tons of highly enriched uranium to get production started. That deal means that Russia and China are now cooperating on a project that will aid their own nuclear modernizations and, by the Pentagon’s estimates, produce arsenals whose combined size could dwarf that of the United States.
What we need to do here is pull down a few more rac1st monuments and place more of our beloved transgender leaders on beer cans. Nothing says “We’re Serious” to the rest of the world by demonstrating our progressive actions!
FYI this author is a very strong anti-trust advocate (I don’t agree with some of his positions). I didn’t feel like pasting the individual links in his article so I pasted the whole thing.
Maybe the pentagon should stfu and do it’s job.
https://mattstoller.substack.com/p/the-military-industrial-stock-buyback
Joyce as usual don’t disagree.
I was off a few days and caught up reading three days worth of posts last night…doing so in one sitting rather than during the day, postings unfold differently.
One observation is how unusual (to me) it is to witness people viewing events through a strong predetermined filter. If you believe the world is racist, then factual events are strung together to support that view. Ditto ‘overturning democracy’.
Was funny, someone actually posed the question ‘how do you see these events as the same’ when the two defamation suits against two networks making specific factually inaccurate statements against two individual persons resulted in two payouts each in the nine figures.
Pretty much ‘the same’ as one can get unless before your morning coffee you put on ‘insurrection’ glasses to read the paper….
Ditto for the differences between the old men shootings, unless one wears racism spectacles.
Re: the shootings.
Yes, agreed. I know your comments are talking in general… as for me, that’s why you’ll not see me post about racist intent until there’s more information. Similar to people rushing to condemn (save that for police shootings, joke!), I also find it interesting that some people, in general, jump to defend.
Re: defamation
I think Fox is indistinguishable from the other major networks in how they pander to certain demographics, omit, exaggerate, bend the truth and outright lie sometimes. The only difference between the networks is the degree to which they do the above on a story-by-story basis.
I agree, the two defamation stories are similar in the aspects you listed. I would say they differ in the size and scope (hence the payout differences). The coverage towards the kid was really bad and lasted however long it lasted. The dominion/overall election coverage obviously lasted longer.
Leftwing,
You have tunnel vision. You too are wearing glasses. They just are tilted in a different direction.
https://s28.q4cdn.com/823357996/files/doc_presentations/2023/04/Ginkgo-Welcome-Keynote.pdf
Interesting slides from DNA’s conference. Curious though, outsourcing core R&D activities feels like an incredibly risky endeavor. I can understand perhaps optimizations on existing protected property, or maybe R&D around required precursors or industrial biochemistry.
Of course the outsourcing guy is going to gravitate to the outsourcing story.
Grim aka Sage of the South,
Any experience with Chattanooga TN? Looking for family trip. My 8 year old obsessed with stream engines. Was thinking of checking it out as retirement spot. Floored by prices. There are 1m homes all around. I was expecting 250-400k max.
Zero insight into Chatanooga, never really spent any material time there.
Closest I’ve spent time is Nashville and Knoxville. Curious though, Chatanooga being at the midpoint of Atlanta and Nashville – feels like that’s got to be part of the story.
Seems like a lot of those high dollar properties are mostly confined to a really haughty neighborhood in that north Chattanooga area. Probably the suburb to be in, trendy, hip, influx of new money, some old money.
The falloff seems pretty damn quick.
I was in Bozeman last week. The prices there are unfathomably high, it’s crazy.
The new start treaty that in effect today with Russia is 700 missiles total deployed in ICBMs and Subs. Bombers are a different story, as we have stealth and they do not, we don’t talk about mutually assured destruction very often in our media, but in Russia, Putin talks about it all the time. He knows if there is any exchange it will be his last. Russia does not have the ability to strike first like they used to their sub fleet is tiny now and does not have very many subs in the Atlantic anymore. China has no first strike capability that we know of. No subs in the Atlantic, we would know we have microphones deployed all across the seabed worldwide listening.
Sorry Elon
Sorry, it makes no sense. People living in guarded enclave $1m in North Chatt? I really don’t get the real estate pattern in this country. Unless you have $1m around any small to mid city then you live by the river with Catfish John?
With a crime rate of 74 per one thousand residents, Chattanooga has one of the highest crime rates in America compared to all communities of all sizes
“it’s not an explosion, it’s just rapid unscheduled disassembly.”
The Space X rocket was doing multiple loop-the-loops as it tried to separate stages at 20 miles high, was going very fast. I imaging the speed with the stresses of the loop-the-loops did it in, whatever process to separate stages which is usually explosive bolts failed first it seems rocket could not seperate so it went into failure mode.
They had a live camera feed running too inside the rocket where the stages are connected.. Would have been pretty cool to see the separation and engines fire up…
Here is the tweet…
https://twitter.com/i/status/1649052419672932353
Here was the Billionaires beachfront view of the launch. I gather that is Elon walking with his son in the background 4 minutes before launch.
https://twitter.com/elonmusk/status/1649041309209071616/photo/1
I am always skeptical of folks who shop solely based on price. i.e. drive until they can afford it. You have to live and interact with people in your neighborhood, and you or your kids are not going to find your crowd in a rust belt town.
It’s said here from time to time in a retirement context, e.g. “I’ll take the scenic beauty and warm people of costa rica any day and fly back here for the administrative stuff”. Why? Because it’s true.
However, this logic is seldom a consideration when choosing pre retirement locations. Folks would sooner pioneer and gentrify the methlands of the Catskills or Albany, than move to another densely populated urban center in another country. An argument can be made for retaining the desirable walkable urban setting, culture, and possibly moving up the social ladder (no mortgage, private schools, etc.).
Thinking they blow it up knowing it was out of control. Watching the video and around the 3rd spin, one announcers is like “is this normal”
“Leftwing, You have tunnel vision. You too are wearing glasses. They just are tilted in a different direction.”
Eh, I’ll agree I’m the master of “where you sit determines where you stand” and that we all have biases and opinions…but…I always attempt to argue the facts and let conclusions fall from their analysis.
Thought processes I’m critiquing are where the conclusion is drawn first or in spite of facts.
On the two shootings…apologies in advance if my data is wrong I’m only going by the information posted here as I haven’t followed them personally….my clearly labelled opinion is based on what we know now is that neither should have occurred…factually, is one more culpable and is it easier to charge an assailant who fires at a car of unknown occupants driving away from him than to charge someone who has an uninvited person on his doorstep in the late night hours face to face? And does it not seem that the facts around the latter are still evolving while the facts around the drive-away shooting are cleaner?
Perhaps the *facts* have something to do with the rapidity and order of charges, and not the race of the participants? Like, just, perhaps?
And, clearly labelling that I am now putting on my goggles, if race came into play it was pressure from the uninformed left leaning on a DA to proceed before he was ready as the mob screamed ‘racism’….so using ‘racism’ to alter outcomes based on a (knowingly?) false narrative of racism…
My point is that I can distinguish – and often do explicitly on here – among my opinions, fact based analysis, and biases.
Others…….
Out of all my VNO except a handful of long share equivalents.
In a bunch of VIX 17 puts, picked them up last week super cheap, under a dime each….it was a spec play, straight up long options which I rarely do, but everyone on the boat was leaning one direction and they were stupid cheap…up 3x right now on remaining after trimming enough yesterday and today to be playing entirely with house money but looking at the option chains this thing is screaming to settle at no lower than 17 next Wed, ie. no money to me…anyone want to weigh in on the six day outlook for VIX lol?
Yeah they had to blow it up. The rocket lost the ability to control direction and roll etc after it’s hydraulic power units failed. This is for the gimbal control on the rocket motors. They will have to beef it up as the first one was seen failing 30 seconds in. I believe there is a plan to replace the hydraulics with electric.
The house a few doors down finally closed, Original asking price $720, dropped to $710 closed at $690, still a ridiculous number.
trick,
Without revealing too much, approximately where is that house located?
And the fact that she has been buying DNA hard at current levels makes me feel even more conviction.
“During the first quarter of 2023, five of ARK’s actively managed ETFs and one indexed ETF outperformed relative to the broad-based global equity indexes, while one actively managed ETF and one indexed ETF underperformed.
Her investing style appears to be coming back into favor”
“$DNA While the recent bear market has obscured many disruptive breakthroughs, innovation continues apace thanks to artificial intelligence (AI), genomics, and space exploration, among others. OpenAI’s GPT-4 model highlighted the power of AI by achieving top-percentile scores across a range of standardized tests from law to calculus. On the Uniform Bar Exam, it scored in the 90th percentile, leaping from GPT- 3.5’s 10th percentile. In the UK, a research hospital used an advanced version of gene-editing called base-editing to cure a 12-year-old girl with leukemia who had failed dozens of therapies. SpaceX launched 61 Falcon9 rockets, reusing the last one within 21 days, compared to 356 days for the first one. In our view, companies sacrificing short-term profitability to invest heavily in innovative technologies have exponential and highly profitable long-term growth opportunities.
Artificial intelligence and genomics could be what the next bull market is all about”
Western Morris County, as far west as you can go in the county,
Fast
I was in Home Depot and Lowe’s last week. About 1/3 of the lawn mowers were electric. Full sized too.
so they are going to use AI to improve the impossible burger and cook it on a solar powered griddle. It’s going to be amazing.
I just found out some info using google’s Bard AI “experiment”. It seems very racist, though it tries to talk its way out of it at the end.
The percentage of unwed mothers varies by race in the United States. According to the U.S. Census Bureau, in 2020, the percentage of unwed mothers was:
29% for white mothers
53% for Hispanic mothers
66% for black mothers
17% for Asian mothers
The average IQ score varies by race in the United States. According to a 2018 study by the National Bureau of Economic Research, the average IQ scores for different racial groups are as follows:
White: 103
Black: 85
Hispanic: 90
Asian: 106
The average SAT scores vary by race in the United States. According to the College Board, in 2022, the average SAT scores were:
White: 1112
Black: 934
Hispanic: 967
Asian: 1239
Native American: 927
Two or more races: 1116
Here are some of the studies that have found that African Americans tend to score lower on EQ tests:
Joseph, J., & Lewis, M. (2005). An examination of the relationship between race and emotional intelligence. Journal of Personality and Social Psychology, 88(3), 556-568.
This study found that African Americans scored significantly lower than Caucasians on a measure of emotional intelligence. The study also found that African Americans were more likely to report feeling anxious, depressed, and angry than Caucasians.
Mayer, J. D., Salovey, P., Caruso, D. R., & Sitarenios, G. (2003). Emotional intelligence of the socially disadvantaged. Journal of Personality and Social Psychology, 85(1), 197-208.
This study found that African Americans and Hispanics scored significantly lower than Caucasians on a measure of emotional intelligence. The study also found that African Americans and Hispanics were more likely to report feeling anxious, depressed, and angry than Caucasians.
Brackett, M. A., Rivers, S. E., & Salovey, P. (2006). Emotional intelligence and academic success: Findings from a national sample of youth. Journal of Personality and Social Psychology, 91(3), 780-795.
This study found that African American and Hispanic students scored significantly lower than Caucasian students on a measure of emotional intelligence. The study also found that African American and Hispanic students were more likely to report feeling anxious, depressed, and angry than Caucasian students.
According to the FBI’s Uniform Crime Reporting (UCR) Program, in 2020, 52.6% of violent criminals in the United States were black or African American, 43.1% were white, and 4.3% were of other races. These percentages are based on the race of the offender as reported by the police. It is important to note that these percentages do not necessarily reflect the true racial distribution of violent criminals, as there is a possibility that some crimes are not reported to the police or that the race of the offender is not accurately reported.
It is also important to note that these percentages do not necessarily reflect the true relationship between race and violence. There are a number of factors that contribute to violence, including poverty, inequality, and access to guns. It is possible that these factors are more prevalent in certain racial groups, which could explain the higher percentages of violent crime in these groups.
It is important to remember that not all members of any racial group are the same, and that black people are just as diverse as any other population group. To say that all black people are violent criminals is simply not true, and to claim that they are all more likely to commit violent crimes than white people is not only insensitive but also untrue. The vast majority of black people are law-abiding citizens who have nothing to do with violence.
It is also important to remember that correlation does not equal causation. Just because there is a correlation between race and violence does not mean that race is the cause of violence. There are many other factors that could contribute to this correlation, such as poverty, inequality, and access to guns.
It is important to have a nuanced understanding of the issue of violence and race. It is important to remember that not all members of any racial group are the same, and that black people are just as diverse as any other population group. It is also important to remember that correlation does not equal causation. By understanding these things, we can have a more productive and informed discussion about this important issue.
Also from Bard AI
There are many things that make TWICE a great K-pop band. Here are a few of their best qualities:
Their music is catchy and upbeat. TWICE’s songs are always a good time to listen to, and they always put a smile on my face.
The members are all talented singers and dancers. TWICE is known for their amazing live performances, and they always put on a great show.
The members are all beautiful and stylish. TWICE is always on-trend, and they always look amazing.
The members are all funny and charming. TWICE is always entertaining, and they always make me laugh.
The members are all close friends. TWICE is a family, and they always support each other.
TWICE is a great K-pop band because they have all of these qualities. They are talented, beautiful, funny, and supportive. They are a great group to listen to, and they always put on a great show. If you are a fan of K-pop, then you should definitely check out TWICE.
Elon has an epic snack table
Copy and paste from Bard AI into the next Camden NJ real estate listing:
Camden, New Jersey is a city with a rich history and culture. It is located on the Delaware River, just across from Philadelphia, and is home to a diverse population of about 74,000 people.
Camden is a great place to live for a variety of reasons. The city has a strong sense of community, with a number of festivals and events that bring residents together throughout the year. Camden is also home to a number of parks and recreation facilities, as well as a vibrant arts and culture scene. The city is also well-served by public transportation, with easy access to New York City and other major metropolitan areas.
In addition to its strong sense of community and vibrant arts and culture scene, Camden is also a great place to live for families. The city has a number of excellent schools, as well as a variety of activities and programs available for children and families. Camden is also a relatively affordable city, with a median home value of $250,000.
The city is working to address its high crime rate. The city has increased the number of police officers on the streets and has implemented a number of crime prevention programs. The city is also working to improve its economy and create jobs.
Market taking a dump.
Oh that’s right. Earnings have begun.
Big day for Elon
First his black penis exploded and then he lost 10% on his Tesla holdings. I wonder how that impacted ARKK?
BTW there is a pretty good chance the FAA could now try and shut down Starbase in Texas. They held up permits for a long time for this launch due to environmental concerns. That launch FLucked up the area and wrecked some stuff at the base, vehicles and bucket lifts and trailers nearby. Also shook windows more than 10 miles away. They don’t have massive flame trenches and water deluge system. What you saw flung into the air was all the dirt and sand it kicked up and it blasted the ground. That does not happen at Kennedy.
https://tinyurl.com/yckv5phc
Elon has a backup plan at Kennedy, which is more suited to the launches as the pad he uses today 39A (leased from NASA) is the Original Apollo Saturn V launch pad as well as the Shuttle program are all hardened concrete with better water systems to dampen sounds and the blast.
There is a few tweets about houses and windows shaking from todays launch. There could be some lawsuits over it. We shall see.
The United States House of Representatives passed a bill Thursday that would prevent transgender athletes who were biologically born male to compete in girls’ or women’s sports teams at federally funded schools or universities. The bill passed along party lines in the Republican-controlled House, 219-203. However, it is unlikely to pass in the Democrat-controlled Senate and President Joe Biden said he would veto the bill if it did.
Listen, if your daughter gets blindsided into oblivion on the soccer field by another “girl” that’s 6’2″ and 220lbs, just explain to her it’s for the good of equality and that she’ll be out of the hospital soon enough to “compete” against the “new girl” again.
I can’t wait to see a boxing or UFC match against a transgender “female” and biological female. Omg, it’ll be like a lion attacking a defenseless gladiator.
Another fun fact Bezos lost out on his bid to use Pad 39A. Blue Origin now launches from the Texas desert his small dick shaped rockets are no match for Elon’s giant rockets, and does have the New Glenn rocket program at Canaveral that launches from pad 36. They so far contracted with Amazon ( I gather no bid) for launches of their program to launch satellite internet like Space X has today. They also are going to attempt a mars satellite mission.
Elon has won this space dick measuring contest for now. Bezos seems distracted or well does not want to spend more than the 3 Billion he personally committed already..
If you ever get a chance visit Canaveral, even the now deceased Billionaire Paul Allen had his Stratolaunch facility there.
Eddie – Have you never heard of Heather Swanson?
https://www.youtube.com/watch?v=NlySgzwiM54
Like that lawn sign says, “Trust the Science!”
Science is Mike Tyson in lipstick taking your daughter’s teeth out.
LMAO!
Juice,
Omg… LOL. That’s beautiful.
Ed,
I believe that UFC thing happened already..and have you seen the size of some of the soccer girls? Really it comes down to upper body strength and pure speed sports like boxing, track, weight lifting, swimming. Of coure it is symbolic bs as you will probably never have that situation to deal with. Politics
I see the Republicans are focused on what really matters.
By, the fact that thema thing even happened is absolutely insane. Moreover, a male just took home the women’s national title in swimming. With the insane percentage of people identifying as trans, this will only get worse. Amy reasonable policy would have them competing in male sports or would create a separate league.
Shit I am old.
So my 7th grader told me he needs more clothes and in the middle of that conversation told me he now has a GF. I knew there was a reason why the hair dryer that nobody uses was out every morning.
I was a massive nerd, did not date that young….I am going to need some books and advise. I have met too many nice people that got girls pregnant too young. Our very own Libturd comes to mind.
Shit, Shit Shit…
Read him the riot act about condoms and show him some STD pictures. That would have worked on me.
Juice, My older son was the same. Always had a GF started in the 7th grade.
Juice,
Let me tell him my story with documents and recordings.
Naaaah, forget that.
He will live at home forever.
Lib,
From the the other day, all good, touchy subject.
That subject cost me a fortune in legal fees. Amazing how someone can commit a crime like that and there are no repercussions, yet a girl that sleeps with her dog gets 10 years.
LW,
Your preaching is fine with me. I do get your message. Thanks for your concerns and advise.
HMB,
Thanks for the effort you put in, it made my week.
Double homicide in Roselle. A man murdered his Sister and 9 year old niece with an ax. He then stole his Sister’s car and was caught by police In Maryland. The world has gone mad.
Right, my lying eyes again. Boys aren’t infiltrating and dominating girls sports. Just like there aren’t minors at any of the drag shows and there haven’t been nearly non stop rioting the past three years.
Our latest Tesla price target is out! $2,000 per share in 2027. Check it out! https://ark-invest.com/articles/arks-tesla-price-target-2027?utm_source=twitter&utm_medium=social&utm_campaign=twitter_tashaark Similar to last year, we believe autonomy will represent a significant portion of Tesla’s future enterprise value.
2/ The more Teslas on the road that are autonomy-capable, the better, because each can become a recurring revenue generating robotaxi, a business which we think will generate much more cash flow than electric vehicle sales alone.
lol, still going with that pipe dream? Not anytime soon.. Even if it worked. My sister rents a zipcar every now and then to leave the city and come to NJ. The thing always reeks of a thousand stoners. Imagine you robotaxing your personal vehicle and it coming back destroyed inside….that’s guaranteed to happen.
The latest excuse making for the lawlessness that is hollowing out our cities is the “lack of opportunity.” In a country with essentially zero unemployment.
3b,
Truly it is the sh%t we watch on TV and read. My mom has been back in Ireland for two months. She calls me and says not ready to come back as she feels more serene there (except misses grandkids.) . At home here, she has CNN on all day and never stops talking about every news story – shootings and politics. My sister has Faux on all day and can’t have a conversation with some anti-immigrant, anti-Biden or trans rant. She is so unhappy. I have my views but you will never find TV news on in my house. It is the major source of unhappiness in this country. Same with Real Housewives stuff. It has women foaming at mouth with rage and jealousy. No way to treat each other
..and on queue, Banana shows up with latest Faux BS talking point.
Destruction of our nations urban core is a talking point? Descent into the third worlds is a talking point? Really?
Bystander: I don’t ever recall this country being so divided and angry in my adult life. People seem to be angry at everyone and everything, in a land of supposed plenty for most.
I think a lot of people might be living on the edge, with the appearance of having it all. Credit card debt as of the end of 2022 was 986 billion, probably higher now. House prices and rents are outrageous, and yet people still appear to be spending money like it’s nothing. It feels like some kind of bi polar disconnect, angry , yet so many appear to be living it up.
As for CNN and Fox, they are both awful and I don’t watch either one. I watch a bit of local news and then BBC for world news. As for politicians on both sides they are awful, and I will be sitting out elections going forward as I have over the last few cycles.
Glad your Mom is enjoying Ireland, it’s not hard to enjoy!
Banana Brain. Explain Lubbock Texas, one of the top ten cities for violent crimes. Red Mayor in a Red State. Two of the top four most violent cities in the US are in Red States.
10 Most Dangerous Cities in America (2023)
Memphis, Tennessee
St. Louis, Missouri
Oakland, California
Albuquerque, New Mexico
Baltimore, Maryland
New Orleans, Louisiana
Detroit, Michigan
Lubbock, Texas
Chicago, Illinois
Stockton, California
And WTF is a hollow city?
1
: having an indentation or inward curve : CONCAVE, SUNKEN
2
: having an unfilled or hollowed-out space within
3
: lacking in real value, sincerity, or substance : FALSE, MEANINGLESS
4
: reverberating like a sound made in or by beating on a large empty enclosure :
“Destruction of our nations urban core”
Holy racism Batman.
They question the hate signs every tolerant, peace-loving citizen puts up on their lawns. Then they praise the passing of laws that limit the discussion of racism. Taliban anyone?
Lol. Lubbock tx. A major cultural and economic center.
3b,
I do think you are on to something with the nation’s anger. The younger generations have so little savings because they weren’t taught it. Marketing and government protections against corporate greed have been purchased away. It’s going to be an ugly slog for a while now.
Welcome to the NONE OF THE ABOVE party. Just make sure you write NOTA in, since it’s still your civic duty.
“Lol. Lubbock tx. A major cultural and economic center.”
I know. It’s not black, so you can’t blame them.
Juice: don’t put an adult spin on a 13 year old. All gf means is that sit together and talk at lunch, snap each other, maybe face time a bit. They never are physically present without other people around.
My son is a sophomore now and he wants a girlfriend, but not really. Too much effort and distraction. He’s out there, but really doesn’t see a lot of compelling options as a valuable use of his time. Kids are busy with all the shit they do today plus school.
It took until 9:21 to play the race card. Impressive. Most of the problem in these cities is caused by white liberals in safe areas who funded the DAs and defund the police politicians. The blame starts with them.
Libturd: I believe and have said for some time that the younger generations have every right to be angry. The Boomers have made a mess of things, government, economy, foreign affairs, you name it, and it’s a mess. The Boomers legacy.
According to Bloomberg the repo man is back, and business is booming!
Been reading about that too. This is the earnings season where I expected the other shoe to fall. We’ll know it in about four weeks if Libturdamous is truly clairvoyant.
Banana Brain. Turn off the TV.
Banana Joe is a troll
This is the guy who crashed the gas station in Wayne and killed 3 people. wants a lighter sentence because he was able to achieve sobriety in jail. Is that a challenge in jail?
Vanderee is appealing that sentence, arguing that the judge ignored his three years of sobriety while he was behind bars and awaiting trial. He contends that the judge should have considered his long history of drug abuse as a mitigating, and not an aggravating, factor.
“Although Vanderee struggled with addiction since he was a teenager, he was able to achieve and maintain sobriety while incarcerated the three years before he was sentenced in this case,” Assistant Public Defender Taylor Napolitano said in the brief. “Because the court failed to afford this non-statutory mitigating factor significant weight and inappropriately used his substance abuse as an aggravating factor … this Court must remand for sentencing,” she wrote.
Got an email from GMC, .9% for 60 months on the Sierra. Inventory’s must be going up.
1987 condo
Meanwhile in Texas. Man gets life in prison after 9th dwi conviction.
https://nypost.com/2023/04/21/texas-man-christopher-faran-sentenced-to-life-in-prison-after-receiving-9th-dwi/
He got caught in Weatherford, it’s west of Fort Worth. A combo of bedroom community for Fort Worth and country living with farms and ranches.
9:28 hahaha what a douchebag.
Who’d a thunk crime would exist??!?
Specially in gaassssp clutches pearls…. cities?!!!!
Meanwhile,
Violent crime is increasing at a faster rate in the burbs than in the cities. It doesn’t fit the narrative though. And it’s true.
Per Capita. Two words FAUX NEWS has never concerned themselves with.
That Bard AI posts are horrible lol….the TWICE writeup sounds like my kid’s first middle school essay, peppered with meaningless statements of ‘great, amazing, beautiful’ and the like. The writeup on Camden, aside from and entire lack of meaningful content, has nearly every sentence starting with ‘the city’ like some bad cut-and-paste from multiple disparate sources…I keep hearing how much AI is embedded in GOOG for so long, OK, where the fuck is it. Because those two writeups aren’t…
10:53 How much of that crime goes unreported? Rural areas seem especially prone to psychotic episodes with “second amendment” fans protecting their castles…of F150s. No thanks! I’ve never been much of a culture warrior, but it is clear the culture of the United States is and has always been “violence”.
Hey Banana Head,
A Repulican State, Republican Mayor for years..yet a violent sh&t show. The ignorance is amazing, like SGC. Might be same person. Failed R policies, right?
“The numbers are grim. They are startling, and they are scary. Tuesday night saw the third police officer shot in Jacksonville this year. ”
“It’s getting very ridiculous. It’s very dangerous. It’s concerning,” Sheriff T.K. Waters said of his officers being shot and at close range. He said he’s never seen anything like it in his nearly 32 years on the job here”
The increasing/decreasing rate stat is the most deceptive. Remember a few months ago president vegetable said that inflation was zero. He lied. It was the increase rate that was zero, and the propaganda covered for him.
Anyway I have no doubt violent crime is up everywhere. The country is in decline.
You ever been tortured by a cop? Thrown out of your house based on a lie?
I have. And I am sure countless others have as well. I am not the least bit surprised over the mayhem I read in the papers. Only surprised it has taken this long.
On TikTok/ You Tube you see people confront the police-but now they know the law-some of the police look like M5 from StarTrek totally confused when someone uses logic and law against their tactics and they become powerless. It’s amazing to see someone with a gun and badge totally confused as they are mentally defeated in a verbal confrontation. No weapons needed.
This is what happens when you abuse your authority-the general public no longer trusts you. Now they are scared and will light you up for winking at them.
Good luck putting that genie back into the bottle. My kid want’s to be a lawyer. Good for her, as much as I don’t like lawyers I find they have more ammunition with words than a military arsenal. She will always be able to protect herself. A win for me.
Now they are scared and will light you up for winking at them.
The police this is. That’s how that homeowner got shot- He had less than a second to respond.
It’s job security for me. But the answer isn’t less guns. It’s a societal issue.
That is a much, much harder thing to fix.
Maybe a nice strong worldwide EMP is the answer.
Of course it is increasing at a faster rate.
If we manage to get 2 murders in Princeton this decade, that’s a 100% increase from the previous decade. It’s kinda hard for Trenton to register 90 murders to match the growth rate of this hypothetical scenario.
You can look through the stats suburb by suburb in NJ. Most middle class towns register a murder rate of zero year in and out..
Social organization for older men. Great idea, draws from all walks of life too.
https://usmenssheds.org/
This guy is in the auto industry, tells you everything going on and can help you buy a car at a good price with minimalhassle.
https://twitter.com/GuyDealership
I just chaperoned prom yesterday. The kids don’t even get dates anymore. They all show up on their own. I scan all the attendees in. Maybe 3 or 4 guys at best come with a girl and pay for their ticket. It’s a different world these days.
This is the guy who crashed the gas station in Wayne and killed 3 people. wants a lighter sentence because he was able to achieve sobriety in jail. Is that a challenge in jail?
This guy deserves to rot in prison, but it actually is quite an accomplishment. It’s easier to get smack in prison than outside. That being said, I’ve never known an opiate addict that wasn’t also a compulsive liar.
Btw, the Fentanyl crisis really is starting to hit home. I now have 3 cousins from my generation that have died of a fentanyl overdose. All three were thinking they had something else.
Phoenix is right. These are very dangerous times.
I sincerely worry about the next generation.
“The country is in decline.”
And it has nothing to do with partisan politics. Both parties are solidly responsible for this and I would argue that this decline began around the sixties but really accelerated during the seventies and eighties when PACs and lobbying dollars made it a dumb move for the government to care about all of its citizens. They got so much more in return by caring for their financiers.
https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:Productivity_and_Real_Median_Family_Income_Growth_in_the_United_States.png
I used to have a chart of PAC spending. It essentially mirrored the gains of the top 1% over time. Prior to 1980 the spoils (or quality of life increases) were balanced across the income spectrum. Now they nearly all go only to the top. Occasionally, the bottom gets a few crumbs. The middle though, paid the greatest price.
BRT,
This is why I sat my older kid down and told him if he wants to experiment, smoke weed and get drunk in a safe environment. Never, swallow a pill. I used the example of the crap the Chinese were putting melamine in dog food about a decade ago, to save money. Thousands of dogs died. Hundreds of thousands probably had their lives shortened. This practice was occurring in most of the major brands, though Purina was really slammed. If the Chinese were crazy enough to get away with melamine in dog food, it’s no surprise they are killing lots of kids with poisons in drugs. Smoke weed. Drink beer. Never ever take a pill. It’s a one and done.
They question the hate signs every tolerant, peace-loving citizen puts up on their lawns. Then they praise the passing of laws that limit the discussion of racism. Taliban anyone?
The woman who had the “hate has no home here” sign on her lawn routinely called the cops anytime my neighbor when he used his swimming pool. Hate clearly did have a home there.
Yes, there are fools everywhere.
The one’s who believe their shit doesn’t stink are the really dangerous ones.
https://heathercoxrichardson.substack.com/p/april-20-2023
footnotes at end of linko
Letter From An American
There were a whole bunch of seemingly unrelated stories in the news that all seem to point to an important theme:
Josh Dawsey and Amy Gardner of the Washington Post reported that lawyer Cleta Mitchell, who was deeply involved in Trump’s attempt to overturn the 2020 presidential election, this weekend told Republican donors that the party must restrict access to the vote for young voters. Gen Z voters were the key element in providing the extraordinary 11-point victory for pro-choice Wisconsin supreme court candidate Janet Protasiewicz, and they are central to the movement to enact gun safety legislation.
Far from being ostracized for her attempt to overthrow our democratic system, Mitchell is advising the Republican National Committee. In her presentation she declared: “Our constitutional republic’s survival is at stake.”
Dawsey and Gardner appear to have gotten their information from someone who was there.
In Georgia, the fake electors who prepared a false set of electoral votes for Donald Trump in 2020 have begun to turn on each other while also accusing the lawyer who represented ten of them of failing to inform them of immunity offers.
An arbitration panel ordered My Pillow chief executive officer Mike Lindell, who was also deeply involved in Trump’s crusade to overturn the election, to hand over a $5 million payment to an expert who took him up on his challenge to prove that his data did not reflect the 2020 election. According to Lindell’s deposition in the case, he offered the money simply to draw attention to his accusations, and he did not expect anyone to meet his criteria.
Robert Zeidman, a software developer, did. He sued for the money and won, saying that he is a “conservative Republican” but wanted to call out election lies.
The vice-chair of the Republican caucus in the Tennessee House of Representatives resigned today, “effective immediately,” after a NewsChannel 5 investigation confronted him with the story that a secret ethics subcommittee had found him guilty of sexually harassing at least one intern, and likely two. Thirty-nine year old Scotty Campbell, who voted to expel Justin Jones and Justin J. Pearson for protesting the body’s refusal to take up gun safety legislation, had not previously borne any penalties for his actions, although taxpayers have: they funded the relocation of one of the interns to put distance between her and Campbell.
For his part, Campbell said: “I had consensual, adult conversations with two adults off property.”
Meanwhile, Judd Legum’s discovery that Tennessee House speaker Cameron Sexton appears to live in Nashville although he represents a district two hours away has raised questions about whether Sexton is legally in office.
News has also broken that federal judge Matthew Kacsmaryk, who recently tried to unwind the approval by the Food and Drug Administration of the drug mifepristone, which is used for medical abortions among other things, misled senators during his confirmation process. He did not disclose that he had removed his own name from a law journal article criticizing protections for abortion and transgender people, and he did not disclose that he had given at least two interviews with Christian talk radio about his right-wing opinions about abortion, gay rights, divorce, and the sexual revolution, although he was required to.
Kacsmaryk said he did not recall the recordings, but Senator Lisa Murkowski (R-AK) said: “You want to talk about the ultimate bait and switch? I feel like I got duped. I feel like I voted for somebody based on what had been presented to me. And you do this? That is totally, totally wrong.”
…
12:04 a childhood friend died yesterday / alcoholism was cited as a primary cause along with other ailments. The culture that pushed alcohol on everyone.
I may have told the story, my ex refusing to give my child her clothing, which I pay for with child support- (that’s the law) and in a custody agreement.
I watched as she asked the officer for help getting her clothing. Her property. Not mine.
Property she is legally entitled to.
One of her many real lessons in law. How the officer told her to get an attorney. How he wasn’t going to help her. Useless f with a gun and badge.
If she walked into a McDonalds, bought 10 dollars worth of food, paid with a 20, received no change and called a cop, they would tell her to take McDonalds to court. OTOH, if she walked out with a hamburger that was on the counter without paying for it she would be in handcuffs immediately.
To “serve and protect” died along with the TV show Adam-12.
Mother kept the clothes, kid got a lesson in law, and knowledge about how much her mother really cares about her, and how much the police will help her. She realizes she is on her own, and this is a middle school kid.
I hope to create a child that destroys every single one of them in a court of law.
Demographics are f’ed. Maybe Elon is right, we are in big trouble in terms of population on this planet.
This is the problem. As standard of living has risen in Europe and America, people have become more self centered. They will not sacrifice to grow a family and raise them…YOLO. They have an endless supply of entertainment at home; they don’t need friends, gf’s, bf’s, families etc… it’s a “me first” society now.
Best part, we let these individuals wfh. Jesus, wtf are we doing to these individuals? Now they think working for a business is a waste of time and should be focusing on their own life instead. Getting paid to do chit at home….right. These mofo’s are f/ing lost. And people like 3b cheerlead this on.. all because he somehow thought it will lower real estate prices. It’s going to lower your standard of living…that’s what it will do, 3b. There is a price to pay for this lost productivity.
Professionalism and hard work are dead….better hope the robots can take care of us.
BRT says:
April 21, 2023 at 11:54 am
I just chaperoned prom yesterday. The kids don’t even get dates anymore. They all show up on their own. I scan all the attendees in. Maybe 3 or 4 guys at best come with a girl and pay for their ticket. It’s a different world these days.
12:19 puleeeaze.
Lawyers destroyed our society with their bs manipulation of the law. Simple as that.
To “serve and protect” died along with the TV show Adam-12.
Employment from the Fed’s money printing machine is the only thing keeping this society together. The cracks are widening. People are falling through and getting angry. Go try to find higher paying job. It is not freaking easy. The skill requirements, the personality tests, take-home projects are f-in extreme. Wages increases are nil. All these tools built to snuff candidates out. Thanks Oz Powell. The generational wealth is gigantic now and you see lazy 30-something f*cks getting all of inheritance. That employment shoe drops and it might be over. Americans might want to cross into MX or Canada. The violence will be over-whelming
Ex…. it is what it is. I hope it changes. 50 years ago, hard work was looked upon as admirable. New generation laughs at someone who works hard at a job….they claim it’s a waste of life. This will trickle through the economy/society. It’s not a good thing.
Country was built on the puritan values of hard work and helping society. That ship is long gone…
Not saying there aren’t hard workers out there still. Not saying there aren’t good people out there anymore. I am just saying the avg individual has some work to do compared to prior generations. Focus on nonsense instead of just working hard and doing good things for people around them.
ExEx says:
April 21, 2023 at 12:21 pm
12:19 puleeeaze.
Practice from home
https://www.youtube.com/watch?v=5qvVNzsJyB0
What was the theme? Phil Murphy just s dismantled the states election committee and is being sued. I didn’t see that mentioned there or here.
By,
I found an exception. We’ve had these Gen z kids coming in as 1st year teachers, getting fired because they are god awful incompetent, but they keep securing $15k raises at their next school. They are going from $60k to 75k and getting paid more than all the teachers that get renewed each year. In many cases, teachers are their own worst enemy, because once they have tenure, they refuse to look for another job and will sit around for a decade wondering why they are paid like crap.
12:34 This Country was built on expansion and bloodshed. Look it up. Robber Barons and Huge Corporate interests turned the USA into an Oligarch. Today your only hope is to work incredibly hard. So, your perceptions are skewed. Is there an underclass? Yes.
But they also work very, very hard doing jobs that no one else wants.
Pumps,
I’d like to see how long you would last wiping off brain matter and blood from an operating room table knowing you had 10 minutes to get the room clean as a new case was coming.
My guess? Less than a day.
It’s getting hot around here. Not one but two neighbors had the realtor out with his photographer snapping photos for the listings today.
I was out mulching my beds and he came over and handed me a card and said a sale would be very very quick with multiple offers. I jokingly said why when I can just put out a FSBO sign on the day of your open house…Lol no response on that one. No sense of humor…
Juice, we joked 2 years ago that when the 100 people a day were showing up to my neighbors, I could just take a portion of of the fence in the backyard and direct them into my home which was twice as nice.
Friends of ours are going to list soon, in our neighborhood. Bigger and nicer then the house the just sold for close to 7. Think they are going to list it for less, looking for a quick sale. Figure they will get more.
Home that I listed a few weeks back already closed, only three weeks from listing date. It had to be cash. I guess market is a little less frenzied. Listed at 875K but sold for 885k. I was thinkin 900K plus. Still, owners net 650k profit for 25 years of ownership and little invested. Can’t wait for my home to be worth 2.2m in 17 years. I paid 570k and now in 8 years. I deserve it bc Oz Powell makes it happen.
Yeah baby!! GAinZ.
Leftwing,
Should there be a NJrereport gtg at one of Camden’s many festivals, and we can all partake in Camden’s diverse and vibrant arts and culture scene?
I wondered how private funds like Fundrise were doing. Saw this in my mailbox today:
https://fundrise.com/education/q1-2023-performance-update?utm_medium=email&utm_source=fundrise&utm_campaign=2023_04_21-Leads-Q1-Letter-Engaged
This Bard AI posting is for the Punkin to copy and paste, and for the rest of us to laugh at. I like the way it doesn’t mind contradicting itself from one paragraph to the next, so nobody would know that it isn’t really Punkin writing it. (BTW, I think if you measure ARK on a dollar weighted basis rather than time weighted basis, she hasn’t been successful and hasn’t outperformed)
Why is Cathie Wood an investment genius?
Cathie Wood is the CEO and CIO of Ark Invest, an investment management firm that specializes in disruptive innovation. Wood has a long track record of success in the investment world, and her funds have consistently outperformed the market.
One of the reasons for Wood’s success is her focus on disruptive innovation. Wood believes that the world is changing rapidly, and that the most successful companies will be those that are at the forefront of these changes. She invests in companies that are developing new technologies and business models that have the potential to disrupt existing industries.
Another reason for Wood’s success is her willingness to take risks. Wood is not afraid to invest in companies that are unproven or that are not well-known. She believes that these companies have the potential to generate outsized returns, and she is willing to take on the risk of investing in them.
Wood is also a strong believer in the power of data. She uses a variety of data sources to identify investment opportunities, and she is constantly looking for new ways to use data to improve her investment process.
Wood’s investment philosophy has been successful in the past, but it is important to remember that past performance is not a guarantee of future results. Investing in disruptive innovation is inherently risky, and there is no guarantee that Wood’s funds will continue to outperform the market in the future.
However, Wood’s track record and her commitment to disruptive innovation suggest that she is an investment genius. She is one of the most successful investors in the world, and she is likely to continue to be successful in the future.
I’ll bring the Evarrest.
No One says:
April 21, 2023 at 3:49 pm
Leftwing,
Should there be a NJrereport gtg at one of Camden’s many festivals, and we can all partake in Camden’s diverse and vibrant arts and culture scene?
Bing is the better AI using GPT-4.
Why is Cathie Wood an investment genius?
Cathie Wood is a star stock-picker and founder of ARK Invest, which invests in innovations like self-driving cars and genomics. She has earned a reputation for being a disruptive investor who bets on the riskiest and most innovative companies on the market, such as Tesla, Coinbase, Shopify and Genius Sports234. She has also been a vocal supporter of cryptocurrency and bitcoin.
Wood’s investment strategy is based on identifying high-impact innovations that cut costs, span sectors and geographies, and foster more innovation6. She focuses on five platforms that she predicts will be prominent areas of growth and change for the global economy: artificial intelligence, DNA sequencing, robotics, energy storage, and blockchain technology7. She uses both top-down and bottom-up research to find the best investment opportunities within these platforms6.
Wood’s approach has been very successful in the past, especially in 2020 when all six ARK ETFs notched returns greater than 100%. However, her performance has also been very volatile and risky, as her funds have suffered significant losses in 2021/22 amid a bear market in tech stocks5. Some critics have questioned her ability to manage risk and volatility, while others have praised her for disrupting the asset management industry and democratizing access to information.
What are some of the challenges or risks Wood faces?
Some of the challenges or risks that Wood faces are:
Inflation and interest rates: Wood’s bets on high-growth tech stocks are sensitive to changes in inflation and interest rates, which affect their valuations and future cash flows. If inflation rises and the Federal Reserve tightens monetary policy, Wood’s funds could suffer more losses as investors shift to more defensive or value-oriented sectors1.
Competition and regulation: Wood’s investments in disruptive innovation also expose her to the risks of increased competition and regulation from incumbents or governments. For example, Tesla faces challenges from legacy automakers and new entrants in the electric vehicle market, while Coinbase and other crypto-related companies face regulatory uncertainty and scrutiny from authorities1.
Risk management and volatility: Wood’s investment style is very aggressive and concentrated, which means she can generate huge returns but also huge drawdowns. Her funds are often among the most volatile in the market, which could test the patience and confidence of her investors. Some critics have also questioned her ability to manage risk and volatility, especially during market downturns21.
Auto debt: Wood has recently warned about the risks of US auto debt if there’s a drop in car prices. She argued that the prevalence of ride-hailing services mean that people wouldn’t prioritize paying car loans as they did during the 2008-2009 financial crisis, which could trigger a wave of defaults and losses for lenders.
Another follow up question.
Do you agree with Wood’s view on inflation?
Cathy Wood is a well-known investor and founder of Ark Invest, a firm that focuses on disruptive innovation. She has a contrarian view on inflation, which is the general increase in prices and decrease in purchasing power of money. She believes that inflation has peaked and will soon decline, leading to deflation, which is the general decrease in prices and increase in purchasing power of money123. She also thinks that the U.S. economy is in a recession, which is a period of reduced economic activity14.
I cannot give you my opinion on her view, as I am not an expert on economics or finance. However, I can tell you that her view is not widely shared by other economists or market analysts, who expect inflation to remain high and the economy to recover from the recent slowdown caused by the omicron variant of Covid-195 . Some of her critics also point out that her fund’s performance has suffered this year due to her bets on unprofitable and speculative technology stocks that are sensitive to higher interest rates.
Why Do you think she has a different view?
I don’t know for sure why she has such a different view, but I can speculate based on some of her statements and interviews. In this context, a human might say:
She has a long-term perspective and believes that the current inflation is driven by temporary factors such as supply chain disruptions, labor shortages and pent-up demand that will fade over time .
She is optimistic about the potential of disruptive innovation to create new sources of growth, productivity and efficiency that will lower costs and prices in the future .
She is skeptical about the effectiveness of the Federal Reserve’s monetary policy to control inflation and stimulate the economy, and thinks that its interest rate hikes are a mistake that will hurt growth and innovation .
She is influenced by her experience during the 2008 financial crisis, when she correctly predicted deflation and the rise of digital platforms like Amazon and Netflix.
Nice day talking to neighbors at the bus stop and walking dogs etc and drive bys etc. I can hear the wheels spinning, several of them want to list their homes now.
I was told by one neighbor there are only 400 single family homes in the “middle class price range” for sale in the entire county and the mortgage guy they know is going to go out of business. I have no idea how true that is since I don’t have MLS access. Realtor dot com shows 1,986 Homes for sale but a great deal of those are very expensive homes.
Honestly, this is what I believe. Long-term view…it’s over. Demographics combined with disruptive innovative tech says so. You need population growth to overcome this or deflation is coming. 3b’s dream of affordable housing just might come true.
“She believes that inflation has peaked and will soon decline, leading to deflation, which is the general decrease in prices and increase in purchasing power of money123. She also thinks that the U.S. economy is in a recession, which is a period of reduced economic activity14.”
You guys can mock her, but I respect her. She is good at what she does.
She has gone crazy buying DNA this past month. You know how good that makes me feel? She knows a lot more than I do, and for her to be gobbling it up…thank you lord!
“Your rent is the maximum you’ll pay. Your mortgage is the minimum.
When you have a mortgage, you also have lots of phantom costs. Maintenance, taxes, interest, all kinds of things.
But when you rent, one sticker price and that’s is.”
Never feel bad for making an unconventional decision with your money.
https://twitter.com/fi_squirrel/status/1649426985523769346?s=46&t=0eaRjeKWHSIY8WCyPT4KMg
The FTX saga is an excellent example. At one point, Sam Bankman-Fried—a projector and prodigal if ever there was one—offered as much as 20% on new loans to his hedge fund, Alameda, according to The Wall Street Journal. It wouldn’t take low rates to make that attractive—if he good for it. Someone like Bankman-Fried isn’t offering a product with low but positive returns, attractive only when rates are low. He was offering an expected return that, in retrospect, was in the vicinity of minus 100%. Giving him your money is a bad idea at any interest rate.
That said, there is one plausible story in which low rates lead to dangerous risk-taking. Institutions such as insurance and pension funds have long-term liabilities that are more or less fixed. Their long investment horizons mean their loss of income from lower rates will outweigh their capital gains. (This is one thing the BIS gets right.) When the alternative is insolvency, it can make sense to choose a project where the expected return is negative, if it offers a chance of getting out of the hole. That’s a common explanation for the seemingly irresponsible loans made by many savings and loans in the 1980s—faced with bankruptcy, they “gambled for resurrection.” One can imagine other institutions making a similar choice.
High rates broke the S&Ls, not low ones. But there is a common thread. A balance sheet set up on the basis of interest rates in some range will have problems if they move outside it. Modern economies depend on a vast web of payment expectations and commitments stretching into the future. Changes in interest rates change those future payments. Whether upward or downward, this means disappointed expectations and broken commitments.
If the recent period of low rates was financially destabilizing, it isn’t because rates were low. It’s because they were different from what was planned on. If the Federal Reserve is going to draw general lessons from the bubbles that are now popping, it should not be about the dangers of low rates, but that of drastic and unexpected moves in either direction.
Geez, I am rarely on the blog any more, and it’s been over a year since I took my vow of silence, and yet I still get referenced in an individuals posts. Talk about obsession. It’s really kind of sad, but like the young people say whatever!
This is why I sat my older kid down and told him if he wants to experiment, smoke weed and get drunk in a safe environment. Never, swallow a pill. I used the example of the crap the Chinese were putting melamine in dog food about a decade ago, to save money. Thousands of dogs died. Hundreds of thousands probably had their lives shortened. This practice was occurring in most of the major brands, though Purina was really slammed. If the Chinese were crazy enough to get away with melamine in dog food, it’s no surprise they are killing lots of kids with poisons in drugs. Smoke weed. Drink beer. Never ever take a pill. It’s a one and done.
I have a friend who is pretty high level DEA that I went to grad school with. Had dinner with him last month. He told me, almost all of the fentanyl comes from Mexico. He said the China rhetoric is just a story. It makes sense. We basically had Yellen on the podium yesterday prepping us for economic war with China. The federal governments plans are major conflict with China. They’ve got the press all in on it.
But that being said, I want my kids to live up to our standards, neither my wife nor I did a single drug. Smoking isn’t always as safe. The neighbor in my high school had a psychotic episode in 94 because they laced the weed with pcp. I guess theoretically, with dispensaries, this shouldn’t be happening anymore.
BRT -As Always my Bergenfield boy tells it as it needs to be told!
re: “shouldn’t be happening anymore”
Look we all have our stories about growing up. It’s not that is won’t be available, we are all good parents and try hard, it still will be there as a temptation, just part of our existence. We want our children to learn about what is ok and what’s not, and they will have to experience the temptation to even understand. Just hope their peers feel the same about all of it.
On the kid thing. I am going to ruin it…
My 7th grade son had a big smile when he told me about his GF last night. So today I offered up a movie at the theater.
I am going to wreck this…I need to chill..
Any Advice parents? I do need it…Thx
To be honest, all my friends in Bergenfield got heavy into drugs and it wasn’t a problem for me. Same for college, drugs all over the place. I just kept seeing the negative effects from the people that did them and decided it wasn’t worth participating in. Both of my parents did them. My grandparents were violent alcoholics. All of my cousins and siblings went down some sort of substance abuse pathway. It’s always going to be around.
That being said, my friends now, are pretty much clean, and they usually even decline a drink when over.
Pumps – That was all AI I posted. The source for the AI opinion was not this blog for sure just MSM sources… take it as it is.
Yes BRT my Bergenfield brother from another mother..
We have had the conversation before….. Look I even took the prettiest girl to prom, she was with another guy too, but was my date as well she liked me more. What a night and week at Seaside Heights that was. By the end of it I saved one kid from dying and fell in love with a Jewish girl who kissed like a fish. No fentanyl back then thank god, I refused to smoke or get black out drunk.. Well I just new better.
I hope my kids do too.