Home prices continue to slow

From the WSJ:

U.S. Home Prices Decelerated Further in September, Says S&P/Case-Shiller

The yearly growth in home prices across the U.S. decelerated further in September, according to a home price report released Tuesday.

The home price index covering the entire nation increased 4.8% in the 12 months ended in September, said the S&P/Case-Shiller Home Price Index report. That is down from 5.1% in August.

The home price index covering 10 major U.S. cities increased 4.8% in the year ended in September. The 20-city price index was up 4.9%. That is down from 5.6% in August but slightly above the 4.8% expected by economists surveyed by The Wall Street Journal.

On an unadjusted basis, the 10-city and 20-city gauges were unchanged in September from August, while the national index slipped 0.1%. S&P said that was the first national decline since November 2013.

Seasonally adjusted, the U.S. index increased 0.7% in September, while the two city composites each rose 0.3%.

The slowdown reflects the lackluster pace of home demand as buyers are constrained by stagnant pay growth and tight lending conditions as well as lingering financial problems for some households even years after the recession.

“The overall trend in home price increases continues to slow down,” said David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices.

“Other housing statistics paint a mixed to slightly positive picture,” he said, pointing to increased housing starts and a reduced mortgage default rate. “With the economy looking better than a year ago, the housing outlook for 2015 is stable to slightly better.”

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100 Responses to Home prices continue to slow

  1. Mike says:

    Good Morning New Jersey

  2. Essex says:

    Good Mourning Mike!

  3. Toxic Crayons says:

    “As I was going west on Canfield, I observed two men in the middle of the street, they are walking along the double yellow line single file order … I see them walking down the middle of the street. And first thing that struck me was they’re walking in the middle of the street. I had already seen a couple cars trying to pass, but they couldn’t have traffic normal because they were in the middle, so one had to stop to let the car go around and then another car would come. And the next thing I noticed was the size of the individuals because either the first one was really small or the second one was really big. And just for the conversation, I didn’t know this then, but the first one’s name was Dorian Johnson, the second one was Michael Brown. That was discovered, I think, the following day is when I learned the names. I had never seen them before.

    DOCUMENT: Read Darren Wilson’s full testimony

    “And then the next thing I notice was that Brown had bright yellow socks on that had green marijuana leaves as a pattern on them. They were the taller socks that go halfway up your shin. As I approached them, I stopped a couple feet in front of Johnson as they are walking towards me, I am going towards them. And I allowed him to keep walking towards my window, which was down. As Johnson came around my driver’s side mirror I said, “why don’t you guys walk on the sidewalk.”

    “He kept walking, as he is walking he said, ‘We are almost to our destination,’ … He said we are almost to our destination and he pointed this direction over my vehicle. So like in a northeasternly (sic) direction. And as he did that, he kept walking and Brown was starting to come around the mirror and as he came around the mirror I said, “well, what’s wrong with the sidewalk.” Brown then replied, um, it has vulgar language. Brown then replied, ‘(expletive) what you have to say.’ And when he said that, it drew my attention totally to Brown. It was a very unusual and not what I expected response from a simple request.

    “When I start looking at Brown, first thing I notice is in his right hand, his hand is full of Cigarillos. And that’s when it clicked for me because I now saw the Cigarillos, I looked in my mirror, I did a double check that Johnson was wearing a black shirt, these are the two from the stealing. And they kept walking, as I said, they never once stopped, never got on the sidewalk, they stayed in the middle of the road, radio and Frank 21 is my call sign that day, I said, ‘Frank 21 I’m on Canfield with two, send me another car.’

    “I then placed my car in reverse and backed up and I backed up just past them and then angled my vehicle, the back of my vehicle to kind of cut them off kind to keep them somewhat contained. As I did that, I go to open the door and I say, hey, come here for a minute to Brown.

    “As I’m opening the door he turns, faces me, looks at me and says, “what the (expletive) are you going to do about it”, and shuts my door, slammed it shut. I haven’t even got it open enough to get my leg out, it was only a few inches. I then looked at him and told him to get back and he was just staring at me, almost like to intimidate me or to overpower me.

    “The intense face he had was just not what I expected from any of this. I then opened my door again and used my door to push him backwards, and while I’m doing that I tell him to, “get the (expletive( back”, and then I use my door to push him.

    “He then grabs my door again and shuts my door. At that time is when I saw him coming into my vehicle. His head was higher than the top of my car. And I see him ducking and as he is ducking, his hands are up and he is coming in my vehicle. I had shielded myself in this type of manner and kind of looked away, so I don’t remember seeing him come at me, but I was hit right here in he side of the face with a fist. I don’t think it was a full on swing, I think it was a full on swing, but not a full shot. I think my arm deflected some of it, but there was still a significant amount of contact that was made to my face.

    The prosecutor asks: “Now, he was hitting you with what hand?”

    Wilson says: “I believe it was his right, just judging by how we were situated. But like I said, I had turned away, had my eyes, I was shielding myself. ”

    The prosecutor then says: “Where did you see the Cigarillos at?”

    Wilson responds: “They were in his right hand. … After he hit me then, it stopped for a second. He kind of like, I remember getting hit and he kind of like grabbed and pulled, and then it stopped. When I looked up, if this is my car door, I’m sitting here facing that way, he’s here. He turns like this and now the Cigarillos I see in his left hand. He’s going like this and he says, “hey man, hold these.”

    The prosecutor asks Wilson to clarify what Brown had in his hands. And Wilson says: “He didn’t have like two hands of 2 Cigarillos? No, I only saw them in one hand. You only saw them in one, okay, go ahead. And he reaches back and he says, ‘hey man, hold these.’ I’m assuming to Johnson, but I couldn’t see Johnson from my line of sight.”

    The prosecutor asks, “But you could tell he was giving Johnson cigarillos?”

    Wilson says, “Yes, I saw them in his hand go around … And he said, ‘hey man, hold these.’ And at that point I tried to hold his right arm because it was like this at my car. This is my car window. I tried to hold his right arm and use my left hand to get out to have some type of control and not be trapped in my car any more. And when I grabbed him, the only way I can describe it is I felt like a five-year-old holding onto Hulk Hogan.

    “That’s just how big he felt and how small I felt just from grasping his arm. And as I’m trying to open the door is when, and I can’t really get it open because he is standing only maybe 6 inches from my door, but as I was trying to pull the handle, I see his hand coming back around like this and he hit me with this part of his right here, just a full swing all the way back around and hit me right here. (indicating) After he did that, next thing I remember is how do I get this guy away from me. What do I do not to get beaten inside my car. I remember having my hands up and I thought to myself, you know, what do I do. I considered using my mace, however, I wasn’t willing to sacrifice my left hand, which is blocking my face to go for it. I couldn’t reach around on my right to get it and if I would have gotten it out, the chances of it being effective were slim to none. His hands were in front of his face, it would have blocked the mace from hitting him in the face and if any of that got on me, I know what it does to me and I would have been out of the game. I wear contacts, if that touches any part of my eyes, then I can’t see at all. Like I said, I don’t carry a taser, I considered my asp, but to get that out since I kind of sit on it, I usually have to lean forward and pull myself forward to the steering wheel to get it out. Again, I wasn’t willing to let go of the one defense I had against being hit.

    “The whole time, I can’t tell you if he was swinging at me or grabbing me or pushing me or what, but there was just stuff going on and I was looking down figuring out what to do. Also, when I was grabbing my asp, I knew if I did even get it out, I’m not going to be able to expand it inside the car or am I going to be able to make a swing that will be effective in any manner. Next I considered my flashlight. I keep that on the passenger side of the car. I wasn’t going to, again, reach over like this to grab it and then even if I did grab it, would it even be effective. We are so close and confined. So the only other option I thought I had was my gun. I drew my gun, I turned. It is kind of hard to describe it, I turn and I go like this. He is standing here. I said, ‘get back or I’m going to shoot you.’ He immediately grabs my gun and says, ‘you are too much of a (expeltive) to shoot me.’

    Wilson goes on to physically describe how Brown went for his gun.

    “I’m in my car, he’s here, it is pointed this way, but he grabs it with his right hand, not his left, he grabs with his right one and he twists it and then he digs it down into my hip. (indicating)”

    He says Brown was punching him with continues describing how Brown was punching him in the face through the car door and why he felt he needed to pull his gun: “I felt that another one of those punches in my face could knock me out or worse. I mean it was, he’s obviously bigger than I was and stronger and the, I’ve already taken two to the face and I didn’t think I would, the third one could be fatal if he hit me right.

    When the prosecutor asks if Wilson thought Brown would give him a fatal blow, the officer says: “Or at least unconscious and then who knows what would happen to me after that.”

    He describes the bruises and scratches he had from the altercation, then goes on to describe the struggle for the gun: “He grabs my gun, says, ‘you are too much of a (expletive) to shoot me.” The gun goes down into my hip and at that point I thought I was getting shot. I can feel his fingers try to get inside the trigger guard with my finger and I remember envisioning a bullet going into my leg. I thought that was the next step.

    “As I’m looking at it, I’m not paying attention to him, all I can focus on is just this gun in my leg. I was able to kind of shift like this and then push it down, because he is pushing down like to keep it pinned on my leg. So when I slid, I let him use his momentum to push it down and it was kind of pointed to where the seat buckle would attach on the floorboard on the side of my car. Next thing I remember putting my left hand on it like this, putting my elbow into the back of my seat and just pushing with all I could forward. W

    Wilson says he was focused only on the gun. He says, “I was just so focused on getting the gun out of me. When this point, he is still holding onto it and I pulled the trigger and nothing happens, it just clicked. I pull it again, it just clicked again. At this point I’m like why isn’t this working, this guy is going to kill me if he gets ahold of this gun. I pulled it a third time, it goes off. When it went off, it shot through my door panel and my window was down and glass flew out of my door panel. I think that kind of startled him and me at the same time.

    “When I see the glass come up, it comes, a chunk about that big comes across my right hand and then I notice I have blood on the back of my hand. After seeing the blood on my hand, I looked at him and he was, this is my car door, he was here and he kind of stepped back and went like this. And then after he did that, he looked up at me and had the most intense aggressive face.

    “The only way I can describe it, it looks like a demon, that’s how angry he looked. He comes back towards me again with his hands up. At that point I just went like this, I tried to pull the trigger again, click, nothing happened …

    “I just saw his hands up, I don’t know if they were closed yet, on the way to going closed, I saw this and that face coming at me again, and I just went like this and I shielded my face … So I pulled the trigger, it just clicks that time. Without even looking, I just grab the top of my gun, the slide and I racked it, and I put my, still not looking just holding my hand up, I pulled the trigger again, it goes off.”

    The prosecutor asks, “So how many times does it go off in the car?”

    Wilson says, “It went off twice in the car. Pull, click, click, went off, click, went off. So twice in the car. .. When I look up after that, I see him start cloud of dust behind him. I then get out of my car. As I’m getting out of the car I tell dispatch, ‘shots fired, send me more cars.’ We start running, kind of the same direction that Johnson had pointed. Across the street like a diagonal towards this, kind of like where the parking lot came in for Copper Creek Court and Canfield, right at that intersection. And there is a light pole right there, I remember him running towards the light pole. We pass two cars that were behind my police car while we were running. I think the second one was Pontiac Grand Am, a green one. I don’t know if it was a two door or four door, I just remember seeing a Pontiac green Grand Am.

    “When I passed the second one, about that same time he stopped running and he is at that light pole. So when he stopped, I stopped. And then he starts to turn around, I tell him to get on the ground, get on the ground. He turns, and when he looked at me, he made like a grunting, like aggravated sound and he starts, he turns and he’s coming back towards me. His first step is coming towards me, he kind of does like a stutter step to start running. When he does that, his left hand goes in a fist and goes to his side, his right one goes under his shirt in his waistband and he starts running at me. … That was all done, like I said, the first step, his first stride coming back towards me. As he is coming towards me, I tell, keep telling him to get on the ground, he doesn’t.

    “I shoot a series of shots. I don’t know how many I shot, I just know I shot it. I know I missed a couple, I don’t know how many, but I know I hit him at least once because I saw his body kind of jerk or flenched. I remember having tunnel vision on his right hand, that’s all, I’m just focusing on that hand when I was shooting. Well, after the last shot my tunnel vision kind of opened up. I remember seeing the smoke from the gun and I kind of looked at him and he’s still coming at me, he hadn’t slowed down.

    “At this point I start backpedaling and again, I tell him get on the ground, get on the ground, he doesn’t. I shoot another round of shots. Again, I don’t recall how many him every time. I know at least once because he flinched again. At this point it looked like he was almost bulking up to run through the shots, like it was making him mad that I’m shooting at him. And the face that he had was looking straight through me, like I wasn’t even there, I wasn’t even anything in his way.

    “Well, he keeps coming at me after that again, during the pause I tell him to get on a the ground, get on the ground, he still keeps coming at me, gets about 8 to 10 feet away. At this point I’m backing up pretty rapidly, I’m backpedaling pretty good because I know if he reaches me, he’ll kill me.

    “And he had started to lean forward as he got that close, like he was going to just tackle me, just go right through me … His hand was in a fist at his side, this one is in his waistband under his shirt, and he was like this. Just coming straight at me like he was oing to run right through me. And when he gets about that 8 to 10 feet away, I look down, I remember looking at my sites and firing, all I see is his head and that’s what I shot.

    “I don’t know how many, I know at least once because I saw the last one go into him. And then when it went into him, the demeanor on his face went blank, the aggression was gone, it was gone, I mean, I knew he stopped, the threat was stopped. When he fell, he fell on his face.

    “And I remember his feet coming up, like he had so much momentum carrying him forward that when he fell, his feet kind of came up a little bit and then they rested. At that point I got back on the radio and said, ‘send me a supervisor and every car you 7 got.’ “

  4. Liquor Luge says:

    Tossing gasoline on the fire. This would clear out some of the TSTL contingent in Ferguson:

    http://www.huffingtonpost.com/2014/11/14/kkk-threatens-lethal-force-protesters-ferguson_n_6155570.html

  5. Fast Eddie says:

    The slowdown reflects the lackluster pace of home demand as buyers are constrained by stagnant pay growth and tight lending conditions as well as lingering financial problems for some households even years after the recession.

    Except for here, of course. We’re bleeding wealth. It’s different here. I’ve been told. Lending rates are at ridiculous lows, so where’s the inventory? The sellers can absorb the loss here, right? I said right?

  6. 1987 Condo says:

    #5..well my SIL must be bleeding it, just bought a house for $1.8 mil and selling their current for $899k.

  7. chicagofinance says:

    I was going to join a protest, but the weather is kind of sketchy today…..I guess I’ll go to the mall and check out the Black Friday week sales……any new movies coming out?….I love the one where the kids get killed….oh yeah….Hunger Games….

  8. chicagofinance says:

    Beatles?

    Liquor Luge says:
    November 26, 2014 at 9:23 am
    Let it bleed.

  9. McDullard says:

    Eddie… Since 2009 or even much earlier I’ve been hearing that in these times, we should be investing in gold. Not buy real estate, and definitely no stocks. Stock up on gasoline too. You are still holding on to some of those views? If you change your opinion, would it be a signal to buy gold?

  10. Fast Eddie says:

    6 – Certainly. There’s always someone with legitimate means. But, for the ignorant f.ucks who “need” to sell at a certain price just because, that is not acceptable. I don’t need to walk into a house asking $699,000 with a heating/cooling vent hanging from a bedroom ceiling or a refrigerator plugged into an outlet by the kitchen sink via extension cord. Nor should it show rot formation along the roof line along with faded and peeling siding. If you can’t maintain at least the basics in your house and have some pride, then don’t ask me to bail out your fat f.uck lifestyle. I don’t care what f.ucking town the house is located. People are selfish p1gs, the majority of them.

  11. Fast Eddie says:

    McDullard,

    I have zero gold in my portfolio. Gold is a s.uckers bet. Buy gold coins if you’re into collectibles, that’s it. And don’t expect to make money if you sell. If Armageddon hits, who’s going to buy your gold? Answer? Nobody.

  12. Fast Eddie says:

    Invest in equities and set the dividends to reinvest. Case closed.

  13. nwnj says:

    #4

    The only part I agree with is that these people in Ferguson are not protesters, they are looters, criminals and terrorists. They should be dealt with as such.

  14. Anon E. Moose says:

    Entirely apart from the thread, or the discussion, just want to say Happy thanksgiving to one and all.

  15. Happy Renter says:

    Re [100] from yesterday: http://m.startribune.com/local/minneapolis/283891941.html

    Great video – brought a smile to my face this morning to see some zombie muppets get their @sses run over after thinking they could take over the street and intimidate everyone. Serves them right.

    Remember, kids — St. Trayvon of Skittles says “Give a hoot, don’t loot!”

  16. jcer says:

    The idiots who are in support of Michael Brown and are protesting need to wake the hell up. People in the ghetto need to realize you attack a cop or resist arrest you changes of dying go up exponentially. Same thing with the fat dude on Staten Island and instead of our schmuck politicians being honest about it they pander to a certain demographic. The message should be one of sadness and condolences to these people’s families but also a message about respecting the authority of the police, no underhanded comments about the grand jury, but if you commit a crime you will be arrested, you have a right to an attorney and oh wait a second you cannot assault the arresting officer. In my mind declare a state of emergency in Ferguson and anyone causing trouble can be shot by the national guard. They’d be doing us a favor because these are not civilized people and they have zero respect for the law.

    That’s the difference, we’ve had people who didn’t always do the right things in my family and when bad stuff happened to them we generally assumed they had it coming, yes we’d care about the person and if something bad happened to them we’d be upset but we were rational enough to understand that they generally brought the bad on themselves with their actions. I see a tremendous lack of personal accountability in these “Communities”. Eric Gardner resisted arrest, weighed 400lbs was morbidly obese….dead. Trayvon Martin thought he was bad assaulted a rather dim witted want to be cop….guy had a gun….dead. I’m not saying these two deserved to die, but they certainly were working to increase the odds of death. Now this is the most brazen, rob a convenience store….walk down the middle of the road…engage in physical altercation with armed police officer, who warns you he will shoot and then you go for his gun. Either this guy is really, really, stupid or he was trying to die. Hmm lets see rob a convenience store…that’s a good way to get shot with a shotgun, the immigrants who own stores in rough neighborhoods are usually scared and have a gun. Engage an armed police officer and disobey when you are warned with getting shot. This is important and our government needs to take a stand and stop being so political about it, we are making these scum more brazen by having all of this discourse. The conversation is simple if you do bad things, bad things will eventually happen to you, why a spineless president cannot just come out and say it, is beyond me. So this “Community” will protest but then will complain about high crime and gangs causing all kinds of problems, people getting caught in the cross fire, and drugs being pushed on their children.

  17. Liquor Luge says:

    Fcuk Thanksgiving and the horse it rode in on.

  18. Liquor Luge says:

    jcer, relax. The whole plan is to incite and weaponize the entitlement classes in order to continue wiping out the middle class and those who aspire to that level. Once the middle class is wiped out, it’s just the 1% who will own and run everything, and the poor will be their zombie enforcers.

  19. Liquor Luge says:

    Now, somebody gimme a goddam Twinkie and a Big Gulp.

  20. Happy Renter says:

    “Now, somebody gimme a goddam Twinkie and a Big Gulp.”

    Can I offer you some Skittles and Arizona Iced Tea instead? You can light up a cigarillo afterward.

  21. Liquor Luge says:

    Judging from 12 minutes of TV viewing, a machine that can deep-fry an entire turkey is now the most important kitchen appliance in Amerika.

  22. anon (the good one) says:

    agreed, but you’re disappointing Glenn Beck and clot

    Fast Eddie says:
    November 26, 2014 at 9:40 am
    McDullard,

    I have zero gold in my portfolio. Gold is a s.uckers bet. Buy gold coins if you’re into collectibles, that’s it. And don’t expect to make money if you sell. If Armageddon hits, who’s going to buy your gold? Answer? Nobody.

  23. clotluva says:

    “even years after the recession.”

    The recession ended? I guess the long term discouraged workers – the ones that make up ~12% of unemployed and who are no longer counted in govt figures – didn’t get the memo.

    http://www.shadowstats.com/alternate_data/unemployment-charts

    No wonder there are so many shows on cable now about living in a primitive shelter, eating squirrels, trapping beavers, and foraging for ginseng.

  24. Liquor Luge says:

    Funny; even Greenspan and Bernank have admitted- on the record, within the last 90 days- that gold is money.

    Ignore me all you want. Ignore them at your own peril.

  25. Happy Renter says:

    Anon – shouldn’t you be out protesting for St. Michael of Cigarillos? Preferably in the middle of the street somewhere?

  26. clotluva says:

    re 25.

    “~12% of unemployed” should be “~50% of unemployed”. 12% of working age population.

  27. anon (the good one) says:

    @nypost: Michael Brown’s mother blasts Darren Wilson: I don’t believe a word of it

  28. anon (the good one) says:

    where’s Michael Brown’s description of events?

  29. grim says:

    NY Times printed Wilson’s address?

    Are they hoping for a Thanksgiving Lynching? That would make for some “good tv”.

    Maybe they’ll string him up first, and then burn the mf’er down.

    God people are f*cking idiots. We must all look like fools to the rest of the world. I know Putin was doubled over laughing at us.

    If this was any other emerging market country, US would have already deployed troops.

    Both sides, everyone, even the president, idiots, all around. F’ing country of idiots.

  30. Liquor Luge says:

    We are hurtling at a brick wall at 140 mph. Somebody hand me another fried turkey leg.

  31. Happy Renter says:

    [31] “NY Times printed Wilson’s address? Are they hoping for a Thanksgiving Lynching?”

    After the way that Holder and most of the media has stoked the tension of racial grievances over the past couple of years, and especially since August, I just cannot believe that this was a “mistake” by the Times.

    They will bend over backwards to not even publish the name of a woman exposed for filing false rape claims, but they go out of their way to publish the address of an innocent man caught up in this racial hatred.

  32. clotluva says:

    anon

    So you’d just sit back and take a beating for trying to enforce the law? Sure, just send Mr. Brown the bill for the dental surgery to get your teeth re-implanted (assuming you had any cognitive functionality left)…I’m sure he’d be amendable.

    I imagine you’d probably also just requisition another gun from the police department. “Sorry boss, I let the suspect disarm me. I guess he needed it more than I did. I didn’t want things to escalate.”

    Do me a favor. Punch the next police officer you see in the face and then try to disarm them. Then check back in to let us all know how it went.

  33. anon (the good one) says:

    not now. watching Babyshambles’ concert

    Happy Renter says:
    November 26, 2014 at 11:07 am

    Anon – shouldn’t you be out protesting for St. Michael of Cigarillos? Preferably in the middle of the street somewhere?

  34. All Hype says:

    “God people are f*cking idiots. We must all look like fools to the rest of the world. I know Putin was doubled over laughing at us.”

    Grim, this is an excellent point, one which the president and his staff seems to not understand. Putin knows Obama and his staff are sophomoric in their experience and decision processes (basically, a weak leader). All Putin has had to do is just sit back and watch Obama make mistake after mistake around the world and for Putin to just come in and take advantage of any screwed up situation caused by Obama. Ukraine is the most blatant example of Obama’s complete lack of understanding of geopolitics.

    China is another example as evidenced by them just taking over the oil rigs in the disputed waters with Vietnam and the Philippines.

  35. Street Justice says:

    A person watching from their apartment balcony:

    “I see a guy on the side, on the driver’s side of a police vehicle. I just see something going on through the window, like a tussling going on through the window…

    “The moment they take off running, I see the officer immediately gets out of his vehicle, pull out his gun definitely in his shooting position, and let me see. Mike must have probably made it about right here in front of this driveway, as I said before, he didn’t make to there, he just when he gets out of the car he just immediately starts shoot…

    “He’s taking like large steps so I didn’t see him like run or anything, so he is just taking large steps, you know, towards him, you know, while his back is turned toward him.

    “[After grabbing my phone] …I see Mr. Brown kind of bent down a little bit with his arms tucked in like on his stomach so now I’m thinking that he’s now shot. He was going down, definitely so, and the officer just let out a few more rounds to him and he hit the ground and that’s when I see blood…

    “I didn’t see the hands go up. I didn’t see no hands go up.”

    A person watching from the street:

    “It appeared as they were wrestling through the window and one gunshot had let off. And Mr. Brown took off running and my first thought was like ‘oh my gosh’ did I just witness a police officer being murdered because it took a while for the police officer to get out of the car and pursue the suspect.

    “And I wanna say maybe six seconds, but it seemed like it was forever after the first gunshot. So, the police officer exited the vehicle with his weapon drawn pursuing Mr. Brown. Mr. Brown was quite a distance and he stopped and when he stopped he didn’t get down on the ground or anything. He turned around and he did some type of movement and he started charging towards the police officer.

    “The police officer then returned fire, well not returned fire, open fire on Mr. Brown. Um, If I had to guess the shots and the distance between him and Mr. Brown, it would have to be five to ten yards and the shots that were fired was four, five to shots fired and Mr. Brown was still standing up.

    “Um, and my thoughts was while he’s missing this guy this close, is he hitting him or because Mr. Brown there was no reaction from him to show that he was been hit. Um, after that, Mr. Brown then paused. He stopped running and when he stopped running the police officer stopped firing.

    “And, then Mr. Brown continued, started again to charge towards him and after that the police officer returned fire and um well not returned fire and um well not returned. I’m using the wrong … started to fire once more at him. Um, if I had to guess the rounds that were fired then it would be four to five more shots and after that Mr. Brown collapsed and fell to the ground.”

    Person in a third-floor apartment

    “I couldn’t really tell what was going on. It was just a lot of movement going on by the window of the car…

    “So I’m looking at the officer chase Michael down the street.”

    “And at this time, I heard another shot fired while they were running. After that, [Brown] then turn[s], had his hands in the air, by the time that I saw him have his hands in the air he got shot. I heard two shots like specifically in my head, I saw those two shots. And he dropped down like kinda drop hands first, then knee, then face and everything else.”

    Person pulling up near the scene in his car:

    “I seen a young man standing near the cruiser, you head two shots fired And then a police officer hopped out of his cruiser and started chasing him, the dude turned back around and started charging towards the police officer, the police officer told him to stop at least three times…

    “He was still down the street, he was running back…he put his hands up for a few seconds and then put his arms down and kind of put them close to his chest and he started running.

    “And the boy wouldn’t stop, he fired three rounds, the dude kept running, fired four more rounds, and the finished off the rounds I guess, and he fell on the ground dead.”

    Person walking on the street:

    “I saw the officer back his van up and hit the two boys. Um, immediately his friend took off and…Mike he started like fighting with the officer through his window. I don’t know why they were fighting through the window but then you heard the first shot and all the cars on the street stopped. They started backing up.

    “Then he, uh, started running. He stopped halfway and turned around and that’s when you heard the rest of the shows. And I don’t have really good eyes so I couldn’t see like exactly where he got hit or anything like that. But it was about seven, eight shots that I heard…And like he did have his hands up. People wasn’t just saying that. He did turn around and put his hands up.”

  36. Liquor Luge says:

    You could replace Bojangles with a bad Newark skool principal and his staff, and they’d do a better job.

  37. joyce says:

    President Obama’s temporary amnesty, which lasts three years, declares up to 5 million illegal immigrants to be lawfully in the country and eligible for work permits, but it still deems them ineligible for public benefits such as buying insurance on Obamacare’s health exchanges.

    Under the Affordable Care Act, that means businesses who hire them won’t have to pay a penalty for not providing them health coverage — making them $3,000 more attractive than a similar native-born worker, whom the business by law would have to cover.

  38. Liquor Luge says:

    I predict Bojangles will be the first ex-prez to pitch payday loans on late-night TV.

  39. Fast Eddie says:

    Meat,

    I’m not happy that my life is tied up in fiat currency but let’s be honest, if the world was in chaos tomorrow, would someone trade some bread and kerosene for gold? You might be better off with some fur pelts to trade. Gold is linear, it doesn’t compound in value so until that happens, I need to use some unit of measure to expand my leverage and those units happen to be U.S. Federal Reserve Notes.

  40. Liquor Luge says:

    In a word, yes.

    “I’m not happy that my life is tied up in fiat currency but let’s be honest, if the world was in chaos tomorrow, would someone trade some bread and kerosene for gold?”

  41. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    [39] joyce

    Great catch.

    I was wondering exactly that, but since I am not comfortable on immigration law, and have enough on my plate, I never bothered checking into it.

  42. Liquor Luge says:

    I think those gold ingot vending machines are still in place in Berlin and Abu Dhabi.

  43. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    Roads really slick out there. If I didn’t have a power failure at home, I would not have come to the office. Even now, I have to wonder WTF I was thinking driving in.

  44. nwnj says:

    Why wouldn’t the administration extract every ounce of propaganda value from the Ferguson debacle? While Holder’s out there fomenting discord, back in DC his boss was busy trapping several million of the disenfranchised into a purposeless hell of an existence.

    How many poor people are currently protesting the immigration amnesty? I didn’t see any, but they’ve been had again. Good news for the political bosses though, they’ve apparently secured welfare block for another generation.

    http://www.washingtontimes.com/news/2014/nov/25/obama-amnesty-obamacare-clash-businesses-have-3000/

  45. Liquor Luge says:

    Anyone who thinks that both major parties and every corporation in Amerika oppose illegal immigration should be checked for a pulse.

    Letting the country be overrun by illegals is the perfect way to screw everyone who isn’t rich, connected and powerful.

  46. grim says:

    Huh? Holder prosecute? Huh? Does he know how to do that?

    I think at best he will approach Wilson and attempt to extract a settlement.

  47. Comrade Nom Deplume, who needs to stop screwing around and get back to work says:

    Eddie, clot,

    For me, the idea is to have a small position that I can sell BEFORE Armageddon. Unless Putin delivers a preemptive first strike, when TSHTF, it will be a slow motion event with lots of volatility beforehand and gold or silver spiking. I won’t try to time a top but if things look really cloudy, I sell shiny and invest in preps.

    Full Disclosure: If I still have any shiny, it ain’t much.

  48. The Great Pumpkin says:

    Are you serious? There are houses that are move in ready, but you won’t pay the price. How do I know? You won’t pay for the fixer-upper, so why would you pay for premium move in ready home? Hasn’t grim explained it to you by now, you are paying for the dirt. The dirt and foundation are what costs 600,000 or 700,000. Not the actual house. Remember, all the good lots have been sold decades ago. Do you know how much some of these lots would cost if they were empty and able to build on? The crappy empty lots that are the last of the bunch to go are going for how much? 500,000? Be realistic here.

    Also, 1987 condo just gave you a prime example of what to expect in places like ridgewood. They are doing so bad that his sister-in-law just moved in a house that is double the price. People are making lots of money in these towns, stop kidding yourself. Paterson and Newark is where you will find the people you are talking about.

    Fast Eddie says:
    November 26, 2014 at 9:37 am
    6 – Certainly. There’s always someone with legitimate means. But, for the ignorant f.ucks who “need” to sell at a certain price just because, that is not acceptable. I don’t need to walk into a house asking $699,000 with a heating/cooling vent hanging from a bedroom ceiling or a refrigerator plugged into an outlet by the kitchen sink via extension cord. Nor should it show rot formation along the roof line along with faded and peeling siding. If you can’t maintain at least the basics in your house and have some pride, then don’t ask me to bail out your fat f.uck lifestyle. I don’t care what f.ucking town the house is located. People are selfish p1gs, the majority of them.

  49. Fast Eddie says:

    I’m assuming you guys are holding gold in 1/10 ounce increments? I had $250 face value of 90% silver coin I sold when silver was around $4.00 an ounce. It was at the level forever but again, I don’t see metals as an investment. And, I don’t want to know what trading theory is correct if the world begins to collapse into chaos.

  50. Fast Eddie says:

    There are houses that are move in ready, but you won’t pay the price.

    Send me a link of one that you would consider.

  51. Happy Renter says:

    [49] “Full Disclosure: If I still have any shiny, it ain’t much.”

    At least you still have some. All of mine was lost in a tragic boating accident.

  52. joyce says:

    18

    To also stir the pot…

    jcr,
    Would you like to see a video of a cop shooting a jaw-walker in the back who was running away? The cop claimed he was in fear for his life as he shot the guy in the head from point blank range one more time.

  53. Happy Renter says:

    [37] Street Justice — I can’t be bothered to go find the link to the transcript, but I recall one of the eyewitnesses saying something about how it looked to him like Brown reached down to yank up his pants before or as he came back toward Wilson.

    Of course, given everything that had transpired up to that point, to Wilson it looked like he was reaching to pull out a gun.

    Another reason to keep your damn pants up.

  54. anon (the good one) says:

    @MotherJones:
    Note for all those obsessed with how “big/hulky/giant” Brown was. Wilson is 6’4, 210 lbs.

  55. 1987 Condo says:

    I have Canadian Maple Leafs..1 oz..figure it should get me into the country!
    Plus, I find the coin itself to be pretty!

  56. clotluva says:

    Still waiting for anon to conduct a “Commit a Crime, Resist Arrest, Assault an Officer, Reach for his Weapon” experiment to see if the results in Ferguson are reproducible using different control variables.

  57. Fast Eddie says:

    Pumpkin Head,

    Paterson and Newark is where you will find the people you are talking about.

    I’ll introduce you to a few people I know that live in Ridgewood who can’t sell. One of them is a cousin. He bought the house in 2007 and admits he overpaid. For every person that can afford to buy up and/or live a certain lifestyle, there are three that cannot.

  58. POS cape says:

    [50] Pumpkin:

    If vacant lots are $500,000, how did 100 + acres in Upper Saddle River go for just 6.4 million? I can’t figure this one out.

    http://www.northjersey.com/news/resolution-disrupts-plans-for-townhomes-at-apple-ridge-site-1.1136975

  59. All Hype says:

    “Note for all those obsessed with how “big/hulky/giant” Brown was. Wilson is 6’4, 210 lbs.”

    Mike Brown outweighed him by 75 lbs.

    Anon, it is clear that you are a pencil-necked liberal weenie and that you have never been in a fight in your life. Ask any cop how hard it is to subdue a 275+ pound 18 year old high on drugs. Better yet, just try wrestling a 18 year old friend who is as tall as you and who out weighs you by 50 pounds and then imagine trying to go toe to toe with them in a fist fight. Then come back and tell us how it went. You would be best served with real life experience.

  60. grim says:

    60 – Large commercial deals are very opaque compared to residential deals. What, if any, additional debt was assumed by the new owners, this is my first question. Second, were the previous owners given any stock or percentage ownership of the acquiring company as part of the transaction, this is common in these kinds of deals? Lastly, turning 100 acres into 50 lots is going to require a significant amount of infrastructure and improvement, at least a few million dollars to run water, sewer, gas, power, drainage, build roads, etc – all before a single house is built. Realistically, once they are ready to build, they might have an acquisition and improvement cost of somewhere near $250,000 per lot. If so, they are doing very well.

  61. Ragnar says:

    Too late to help you this year, but the smoked turkey at smokehouse.com has transformed my thanksgivings from hard work followed by disappointment into less work and happier diners. A smoked turkey only needs warming and stays juicier and has more flavor. My family likes it, demands that it continues every year. Some colleagues I’ve recommended it to also now make their smoked turkey an annual tradition, commenting that their families really like it.

  62. grim says:

    5x Echo Ridge in USR just went ARIP, .87 acres, buildable with a tear down, $699,000 was the ask.

    8x E Dennison, 2 acres SR, sold $2.050m cash.

    Patriots in USR, $470k

  63. Toxic Crayons says:

    Reporter publishes addresses of NY Times reporters who posted Wilson’s address….

    Now it’s just getting confusing.

    http://gotnews.com/cant-publish-addresses-new-york-times-reporters/

  64. Toxic Crayons says:

    (and then everybody posted their phone numbers in the comments section)

  65. jj says:

    Now if the Cop called him a brown man is it racist. I mean his name is Brown

  66. joyce says:

    66
    Hilarious

  67. jj says:

    Maybe they are saying housing but will shoot for condos. Garden Apt condo near me on average put 30 units on an acre lot.

    On those 100 acres I would put in at least 2,000 units.

    grim says:

    November 26, 2014 at 1:05 pm

    60 – Large commercial deals are very opaque compared to residential deals. What, if any, additional debt was assumed by the new owners, this is my first question. Second, were the previous owners given any stock or percentage ownership of the acquiring company as part of the transaction, this is common in these kinds of deals? Lastly, turning 100 acres into 50 lots is going to require a significant amount of infrastructure and improvement, at least a few million dollars to run water, sewer, gas, power, drainage, build roads, etc – all before a single house is built. Realistically, once they are ready to build, they might have an acquisition and improvement cost of somewhere near $250,000 per lot. If so, they are doing very well.

  68. NJT says:

    I was a numismatist as a kid. Collected all kinds of U.S. coins with silver dollars being my specialty. One summer when twelve years old I’d ride my bike to local banks (including some not so local) and get rolls of change (nickels, dimes and quarters) then go home and go through them for collectibles.

    Occasionally I’d find a worn old Buffalo or a 1943 silver nickel. It was the dimes and quarters that were really good, though. By the end of that summer I had hundreds of pre 1965 90% silver dimes and quarters.

    While at the bank I’d also ask if they had any half dollars or silver dollars. A few times instead of Eisenhowers and clad Kennedys I got a bunch of the real deal (Morgans, Peace dollars, Franklins, Walking liberty, %90 silver Kennedys). Couldn’t believe people that worked at a BANK didn’t know what the coins were worth!

    Of course it was all lost while being transported across a lake – Including the $50 gold piece I bought at a garage sale that the sellers thought was a casino token of some kind.

    BTW – Amazingly I still occasionally find silver coins while going through pocket change. More the last few years than in the previous thirty five.

  69. NJT says:

    Please unmod.

  70. McDullard says:

    #72… Moral: don’t hoard coins?

    Happy Thanksgiving all.

  71. Fast Eddie says:

    NJT,

    I love the stuff. I found a 1924 Peace Dollar at the bank about six months ago. I used to find a lot of 40% Kennedys on a regular basis. Not so much lately. Pre 65 stuff is a rarity in change anymore.

  72. McDullard says:

    Eddie, I was trolling you based on your “housing is dead” view. Glad you didn’t bite. I am not into gold at all (except as small pieces of jewelry) — probably overcorrecting for the insane amount of fascination with gold for many Indian families. Many turn it into 22ct jewelry and still believe they are investing — round trip costs eat up a lot of money. As an example, I bought a bracelet for my kid a few years ago here. It got bent and damaged within a week. When I went to the store, they were “generous” and offered less than 50% of the purchase price for the piece.

    I agree with your invest+reinvest approach. So far, SPY hasn’t been doing that badly since 2009.

  73. NJT says:

    Is everyone going through their change jugs now? :). Hey, free silver (That’s a numismatists’ historical joke).

  74. NJT says:

    #74 – Precious metal mizers have more ‘boating accidents’ than all others combined. ;). See Zero Hedge ect.

  75. jcer says:

    Joyce, I’m not saying the police aren’t corrupt/unethical thugs, I don’t think they are always in the right, but it seems pretty simple don’t resist arrest! It isn’t going to work you will be captured in the best case scenario, in the worst case scenario you are dead. That’s my only point, don’t want run ins with the police, don’t commit blatant crime. Yes racism is not dead yet, but it is far less prevalent today than 50 years ago. Racism isn’t the biggest issue facing poor urban communities, not even close, it’s a crutch, and an excuse. Government benefits have failed miserably and created the entitlement class who lets face it don’t want to work because wages are less than the benefits they’d need to give up for making legal income. In the ghetto people are on assistance and tend to do black market work to make extra money and this phenomenon transcends race I’ve seen it first hand with black, hispanic and white people of all different origins.

  76. jj says:

    Black Police Standing up for the White Cop – F the police

  77. Comrade Nom Deplume, safe at home says:

    clotluva says:
    November 26, 2014 at 12:32 pm
    Still waiting for anon to conduct a “Commit a Crime, Resist Arrest, Assault an Officer, Reach for his Weapon” experiment to see if the results in Ferguson are reproducible using different control variables.

    I’ll offer to help with that. I’ll be Wilson and anon can be Brown. In fact, I have a secluded spot in Central PA picked out for that purpose.

  78. anon (the good one) says:

    @ColoradoChrys:
    What would/could an unbiased prosecutor charge, Excessive Force? Reckless Endangerment? Manslaughter? #msnbcChat

    @chrislhayes: .@ColoradoChrys
    The most likely charge, I think would be something like involuntary manslaughter. #msnbcchat

  79. Not JCER says:

    Part of the issue is that the jobs that pay and are worth do it right are gone. As well as all is related. You can’t have the ruling 1% getting away with it, and not expect others below not to try either.

    Pick your poison:

    Work Wal-Mart at minimum wage with Wal-Mart actively stealing time from you by forcing you to work after punching out, lying to you if you get hurt on the job, by erasing evidence; all without the government, ” the supposed cop (on the take as in corporate donations to political parties)” enforcing the rules or do something off-the-books.

    Why are you going to work and pay 25%+ income tax, when the wall street zillionare are paying 18% (Mitt Rottney @15%).

    Why work for and buy something nice so a police department that has your car on its “gift” shopping list can fudge it and seize it from you. So it can be use by a police captain to drive around his mistress.

  80. Fabius Maximus says:

    #18 jcer

    ” In my mind declare a state of emergency in Ferguson and anyone causing trouble can be shot by the national guard. They’d be doing us a favor because these are not civilized people and they have zero respect for the law.”

    Did you go to school at Kent State?

  81. Happy Renter says:

    Happy Thanksgiving, everyone!

  82. The Great Pumpkin says:

    Fast Eddie, your cousin can sell any time he wants, he just chooses not to.

    Btw, that last comment is all in your head. You are talking about paterson again. The stats say so. What is there only like 7% (not sure exactly, but I know it’s low) of the households in Ridgewood in foreclosure. Meanwhile paterson is like 50%. Almost all the people living in Ridgewood can afford it.

    Fast Eddie says:
    November 26, 2014 at 12:43 pm
    Pumpkin Head,

    Paterson and Newark is where you will find the people you are talking about.

    I’ll introduce you to a few people I know that live in Ridgewood who can’t sell. One of them is a cousin. He bought the house in 2007 and admits he overpaid. For every person that can afford to buy up and/or live a certain lifestyle, there are three that cannot.

  83. chicagofinance says:

    Pharrell Williams: Why Aren’t We Talking About Michael Brown’s ‘Bullyish’ Behavior?
    The award-winning songwriter gave his thoughts on the unrest in Ferguson after a grand jury decided not to indict Officer Darren Wilson in Michael Brown’s shooting death.

    BY: BREANNA EDWARDS

    Grammy Award-winning producer Pharrell Williams has previously gotten flak for his comments on race, such as when he told Oprah that “the new black doesn’t blame other races for our issues.” But that didn’t stop the singer-songwriter from voicing his thoughts on Monday’s grand jury decision in Ferguson, Mo., although he said he didn’t want to “get … in trouble.”

    In an extensive interview with Ebony, the star wondered why there wasn’t more discussion about why Michael Brown exhibited the behavior he did in the convenience store, which Williams described as “bullyish.”

    “It looked very bullyish; that in itself I had a problem with,” Williams said, referring to released surveillance video that allegedly shows Brown forcefully stealing cigarillos from a store shortly before he was fatally shot by Officer Darren Wilson. “Not with the kid, but with whatever happened in his life for him to arrive at a place where that behavior is OK. Why aren’t we talking about that?”

    However, he did say that Wilson should have been held accountable for shooting Brown. “I believe that [the] Ferguson officer should be punished and serve time. He used excessive force on a human being who was merely a child. He was a baby, man. The boy was walking in the middle of the street when the police supposedly told him to ‘get the f–k on the sidewalk,’” Williams told Ebony. “If you don’t listen to that, after just having pushed a storeowner, you’re asking for trouble. But you’re not asking to be killed. Some of these youth feel hunted and preyed upon, and that’s why that officer needs to be punished.”

    The songwriter also blasted police departments’ use of force in the inner city, questioning their use of equipment—such as “mine-resistant, ambush-protected vehicles.” He also lamented the fact that President Barack Obama himself has not made an appearance in Ferguson.

    “I felt like the president should have gone down there. I think sending Attorney General Eric Holder was a kind gesture, but the president should have gone. He didn’t have to go and take a side; all he needed to do was show his presence and everybody would have straightened up. But he didn’t go. I won’t fault him. He’s a man with a lot of weight on his shoulders, but I personally would have gone because being a ‘man of the people’ means you’re right there with them in it,” Williams said, citing the examples of Martin Luther King Jr. and Gandhi.

  84. Liquor Luge says:

    Pharrell needs to stick to tunes.

  85. Liquor Luge says:

    “Was it a conspiracy or was it incompetence? Those appear to be the only two alternatives that we are left with after the horrific violence that we witnessed in Ferguson on Monday night. The first round of Ferguson rioting back in August took everyone by surprise, but this time authorities had more than three months to prepare. They had the ability to control precisely when the grand jury decision would be announced and how many cops and National Guard troops would be deployed on the streets. But despite all this, the violence in Ferguson on Monday night was even worse than we witnessed back in August.”

    http://www.zerohedge.com/news/2014-11-26/guest-post-did-they-want-more-violence-ferguson-10-coincidences-too-glaring-ignore

  86. The Great Pumpkin says:

    Wtf do people want? A cop is getting attacked and he is not allowed to defend himself? Unbelievable. Keep defending bullies. Keep defending the people that are the problems of society.

    “However, he did say that Wilson should have been held accountable for shooting Brown. “I believe that [the] Ferguson officer should be punished and serve time. He used excessive force on a human being who was merely a child. He was a baby, man. The boy was walking in the middle of the street when the police supposedly told him to ‘get the f–k on the sidewalk,’” Williams told Ebony. “If you don’t listen to that, after just having pushed a storeowner, you’re asking for trouble. But you’re not asking to be killed. Some of these youth feel hunted and preyed upon, and that’s why that officer needs to be punished.””

  87. The Great Pumpkin says:

    Then his demeanor changed, and Flynn appeared visibly upset by the words he had just spoken.

    “If some of the people here gave a good ******* about the victimization of people in this community by crime, I’d take some of their invective more seriously.”

    Then Flynn turned his righteous anger toward the race baiters, who were trying to use every event a to call white officers racist.

    “The greatest racial disparity in the city of Milwaukee is getting shot and killed, hello! 80 percent of my homicide victims every year are African American. 80 percent of our aggravated assault victims are African American.”

    He tore into the the people trying to use a police-involved shooting to push an agenda, instead of facing the real crime that is happening all around them.

    “Now, they know all about the last three people that have been killed by the Milwaukee police department over the course of the last several years,” the upset Flynn stated. “There’s not one of them, can name one of the last three homicide victims we’ve had in this city.”

    http://conservativetribune.com/police-black-crime/

  88. The Great Pumpkin says:

    91- Exactly. Only care when an officer shoots and kills, but don’t give a damn when you are shooting your own kind. I don’t see the protesters out there protesting gang violence or black on black crimes. Only when a white person is involved do people pay attention. A black guy shooting a white is never called racist. The minute a white person shoots a black, the circus comes to town. That’s not racist? Oh it’s only racist if a white does it towards a black. What a joke.

  89. anon (the good one) says:

    and chifi to swindling the elderly

    Liquor Luge says:
    November 26, 2014 at 5:54 pm
    Pharrell needs to stick to tunes.

  90. The Great Pumpkin says:

    92- Now I’m going to be called racist for bringing this to light….just the way it goes.

  91. Liquor Luge says:

    Nope. You’re still just a second-rate troll.

  92. Grim says:

    “The good boy” myth

  93. joyce says:

    jcer,
    Here’s another story.
    http://kdvr.com/2014/11/24/denver-police-accused-of-excessive-force-illegal-search/
    I post this to say everything the police did was completely wrong, except for trip & shove the pregnant woman. Yes, I phrased that sentence to grab attention. She was physically interfering and the officer’s actually used what could be argued as the minimal amount of force to stop her. And to reiterate, everything else they did was despicable, especially the attempted cover up.

    I bring this up to respond to your original comment today. You said certain people need to respect the authority of the police. I say hell no. Why? Because as you later on said, certain people need to respect the law. When the police don’t, why should anyone respect them or the law?

  94. Fabius Maximus says:

    As we prepare for this great day of thanks, spare a thought for those less fortunate.

    http://gothamist.com/2014/11/26/photos_penn_station_thanksgiving.php#photo-1

  95. Njescapee says:

    98, brings back bad memories. Glad we’re here in the Keys.

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