NJ Unemployment Continues To Skyrocket

From the NJ Department of Labor and Workforce Development:

New Jersey’s January 2009 Unemployment Rate at 7.3


(Click to Enlarge)

The New Jersey unemployment rate for January 2009 was 7.3 percent compared to the national rate of 7.6 percent for the month. In addition, the results of the annual adjustment process — conducted each year at this time by every state — showed that the previously announced seasonally adjusted job loss from December 2007 to December 2008 of 63,000 was revised to 85,700. Labor force estimates also were revised for 2008 and the state’s revised 2008 unemployment rate averaged 5.5 percent fluctuating in a wide range of 4.6 to 6.8 percent.

“While New Jersey continued to follow the national trend in employment losses, our unemployment rate has consistently remained below the national average,” said Labor Commissioner David J. Socolow. “Revised employment figures for 2008 indicate that the negative effects of the national recession on New Jersey’s economy were greater than initial estimates showed. Based on newly benchmarked data, New Jersey employment declined by 85,700 jobs from December 2007 to December 2008.”

Most sectors of the New Jersey economy lost jobs over the December 2007 to December 2008 period except for education and health services, which added 15,500 jobs, and leisure and hospitality, which added 2,100. The largest losses were recorded in the trade, transportation and utilities (-31,000), professional and business services (-23,100), and manufacturing (-20,000) supersectors.

All of the over-the-year losses were attributable to the deteriorating U.S. economy as the national recession deepened in the second half of the year. The drop in trade, transportation and utilities was driven by the loss of over 20,000 jobs in the retail trade segment as merchants trimmed staff in response to slow consumer spending. The loss in manufacturing continued a long-term downward trend for factory jobholding in New Jersey.

The contraction in professional and business services was mainly due to job losses in the administrative support/waste management/remediation segment, resulting from steep declines in hiring at temporary employment and staffing agencies. These jobs are typically the most at risk during economic downturns as companies shed nonessential contract workers as business slows or in an effort to reduce costs. Other sectors that experienced substantial job losses included construction (-14,600) and financial activities (-13,100), reflective of the continuing crises in the banking, mortgage and housing markets.

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

153 Responses to NJ Unemployment Continues To Skyrocket

  1. Kettle1 says:

    frist!

  2. comrade nom deplume says:

    2nd

  3. comrade nom deplume says:

    That slope gets any steeper and you will have to put a double black diamond on it.

  4. House Hunter says:

    you have to be kidding me. Second liens potentially included in the gov’t incentives
    http://www.cnbc.com/id/29513414

  5. Mike R. says:

    Can someone comment on this situation, because it boggles my mind:

    there is a house on a busy road (Clinton) in Tenafly that sold for 1,150K in October of 2006 — what some would consider the top of the market.

    It was recently listed for 1,499K. Are these people insane? Or am I?

  6. grim says:

    Going parabolic?

    Maybe not parabolic, but we are seeing acceleration in that second derivative.

    Situation deteriorating, not bottoming.

    You will *NOT* see a bottom in real estate when unemployment is shooting skyward.

  7. zieba says:

    RE: 5

    Let me know if you’re thinking about ringing the bell and asking straight up. I will show.

  8. HEHEHE says:

    “You will *NOT* see a bottom in real estate when unemployment is shooting skyward.”

    That’s why I think these mortgage mod plans the gubmint keeps floating are all bread and circuses.

  9. comrade nom deplume says:

    CNN) — A new poll spells trouble for New Jersey Governor Jon Corzine’s bid for re-election this year.

    Forty percent of New Jersey registered voters questioned in a Fairleigh Dickinson University survey released Wednesday approve of the job Corzine is doing as their state’s governor, while 46 percent disapprove. That’s a reversal from January when 46 percent approved of Governor Corzine’s performance and 40 percent disapproved of how he was handling his job.

    The poll also indicates that only one on four New Jersey voters think the state is headed in the right direction.

    The survey suggests that Corzine bests any possible contenders in the Democratic primary but reveals that Corzine could face problems in November’s general election.

    In a hypothetical matchup with former U.S. Attorney Chris Christie, the leading Republican contender, Christie leads 41 percent to 32 percent. That’s a switch from January, when Corzine held a seven point lead over Christie.

  10. HEHEHE says:

    3. Getting Paid… in Trade

    Ok, so the Fed’s Beige Book clearly illustrates an economy that is beyond the precipice of recession and fully… in the doldrums. We already knew this because a shortage of cash is creating condition typically seen only in emerging doldrums economies: barter trade.

    From Associated Press, via Baltimore Sun:

    “Tired of her pink bathroom counter tops but short on cash for a remodel, Rachel Alemany decided to get the work done the old-fashioned way: through bartering.”

    On Craigslist, postings in the bartering section were up 100% between January 2008 and January 2009, according to spokeswoman Susan MacTavish Best.

    Yes, part of the increase in bartering is economic, but here too there is an important Socionomic element as well. “The human element and the relationship between buyers and sellers becomes more important when we get involved in bartering transactions,” Gary Forman, president of a company called Dollar Stretcher that publishes methods for saving money, told the AP. “I’m not sure we don’t have some longing for that.”

    http://www.minyanville.com/articles/Fed-housing-agriculture-gambling-wages-banking/index/a/21430/p/1

  11. 3b says:

    #6 grim:You will *NOT* see a bottom in real estate when unemployment is shooting skyward.

    Someone better tell Sue.

  12. Justin says:

    Levy-Kalecki formula has begun to gain favor in some circles in part because, since its creation 70 years ago, it has done an unusually good job of forecasting how high levels of saving and a decline in borrowing can lead to the devastation of profits.

    Plugging current U.S. output figures into a classic version of the Levy-Kalecki formula shows that if households save as little as 7% of their incomes over the next year, the S&P 500 Index ($INX) could plunge as low as 550, which would amount to a 21% decline in value from the current level. The equivalent for the Dow Jones industrials ($INDU) would be about 5,300.

    http://articles.moneycentral.msn.com/Investing/SuperModels/how-savers-could-doom-the-economy.aspx

  13. Clotpoll says:

    grim (6)-

    That’s not what Sue Adler says.

    “You will *NOT* see a bottom in real estate when unemployment is shooting skyward.”

  14. 3b says:

    #4 househunter: Absolutely totally fcuking disguting, and outrageouse.

    Looks like instead of bidding 30% off of asking price, I will have to bid 50%.

  15. Clotpoll says:

    Boy, is Sue going to have a surprise when she gets home tonight.

  16. Frank says:

    Don’t want to pay 0bama taxes??
    Here are some ways…

    Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan

    http://abcnews.go.com/Business/Economy/Story?id=6975547&page=3

  17. 3b says:

    Skeptic re your post #204 from the prior thread.

    I believe it will do the exact opposite.

    The more they manipulate the harder and quicker prices fall.

  18. DINJ says:

    That graph is beginning to look like the ski-slope at Xanadu…

    Coincidence?…..

  19. implosion08 says:

    Thank you for pointing out Sue Adler’s blog. This will be a source of endless amusement.

    I plead guilty to the ruby slipper post.

  20. lostinny says:

    I’m bored. Should I go post on Sue’s blog too?

  21. Zack says:

    Bought a few thousand shares of GE at the close. Hoping for a quick snap back rally in the coming days. Will exit at around 8. 700 million shares traded today which almost looks like a capitulation day today. If I am wrong, I am going back into my hole.

  22. Clotpoll says:

    lost (21)-

    I say we take a whole thread worth of posting to her blog.

  23. Clotpoll says:

    Layeth the smacketh down on Sue.

  24. JBJB says:

    9.7% of NJ borrowers are underwater. Might help explain why some prices are sticky on the way down. I wonder what the % underwater would be if 7% was subtracted from the outstanding mortgage to account for realtor and transfer fees.

    “New York had the lowest share of underwater mortgages at 4.7 percent. Connecticut was at 9.1 percent and New Jersey was at 9.7 percent.”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=amRsDACw2j2A

  25. implosion08 says:

    Lost (21) – it is quite cathartic

  26. Clotpoll says:

    Zack (22)-

    I hope your hole is nice and toasty warm.

  27. Clotpoll says:

    I don’t think you could change Sue’s worldview if you sent Al-Qaeda to her doorstep.

  28. 3b says:

    #28 clot: But I bet she has a beautiful mind.

  29. JBJB says:

    [28]

    I meant to say if 7% was subtracted from the home value to account for realtor and transfer fees.

  30. Ben says:

    If you sent Al-Qaeda to her doorstep, she would try to convince people that it’s evidence that immigration is strong and will continue to support the local market.

  31. Qwerty says:

    Lifted from Sue’s blog, before it’s deleted:

    ———————————–
    9 Delbarton Drive. Sold in 2000 for $3.4mm. Sold in 2008 for 3.0mm.

    9 Ridge Terrace. Sold in 2005 for $826k. Sold in 2008 for $815k.

    25 Twin Oak Rd. Sold in 2007 for $1.895mm. Sold in 2008 for $1.675mm.

    42 Winding Way. Sold in 2006 for $705k. Sold in 2008 for $550k.
    —————————–

    The first house is a loss of such magnitude (realtor fees, opportunity costs, carry costs, etc), it’s truly hard to fathom. That’s 8 years!

  32. lostinny says:

    Clot
    I’ll meet you there.

  33. Escape for New Jersey says:

    Sorry Grim but the “Slam Sue” blog is now may favorite stop on the internet for fair and balanced real estate reporting.

  34. Escape for New Jersey says:

    Clot (28)

    I agree with you. I think Sue’s worldview does not extent beyond the next shopping trip to Nordstrom with “Little Madson” and whether “Litte Conner” made the traveling soccer team.

  35. zieba says:

    Huh,
    Look at this breakout of BMW’s sales…

    http://www.autospies.com/images/users/Agent009/main/BMW%202009%20February%20Sales.JPG

    Check out the drop on the seven series! over 90%! … Either WS is really not okay or a majority of these german roundabouts were financed with funny equity money. I always thought that the three series were the “ill gotten gains”…

  36. zieba says:

    Nevermind, the discrepancy is due to a production issue.

  37. Grinch says:

    The drop off in 7 series sales isnt just because of the economy (although it is part of it obviously). Its also because they are in between generations of the 7 series. The new one is due, but not yet on dealer lots.

  38. Dink says:

    “Grim, no stickmen on your charts?”

    I have to concur with Qwerty. Unless you add stick figures to your excel graph I will not be able to understand the human impact of the numbers.

  39. Qwerty says:

    RE: “Check out the drop on the seven series! over 90%”

    That’s not “over 90%” — 99.3% is basically 100%.

    From 1,502 vehicles sold, to 10 vehicles sold.

    That’s going to leave a mark.

  40. Qwerty says:

    RE: “between generations of the 7 series”

    Maybe that would explain a 30% sales decline, but not a 99.3% decline.

  41. comrade nom deplume says:

    [17] frank,

    There really is nothing to that piece except reduce your income, and most wage-earners do not have the power, or the desire, to do that.

    If you want to shelter income, see a tax lawyer or accountant. If you work for someone else, your opportunity to do this is extremely limited.

  42. grim says:

    I can’t believe I’m losing traffic to the Sue Adler blog.

  43. zieba says:

    Spam killing it over on the Sue board.

  44. HEHEHE says:

    That poor woman

  45. Qwerty says:

    HeHe, her poor “clients”!

  46. grim says:

    Qwerty says:
    March 4, 2009 at 4:27 pm

    Grim, no stickmen on your charts?

    Done! Look up!

  47. Matthew says:

    LOL – awesome chart, grim! It’s so much clearer now :-)

  48. HEHEHE says:

    You got the poor part right.

  49. grim says:

    Sue was on to something with those stickperson illustrations.

  50. veto says:

    lol sue obviously has no idea how much free time the people on this blog have or she would have never set it up.

  51. HEHEHE says:

    I could be mistaken but that beast looks like a Friskie-eater eater?!?!?

  52. SG says:

    NYTimes Op-ed By THOMAS L. FRIEDMAN

    Obama’s Ball and Chain

    And why does it seem as though his successor, Tim G, won’t even look us in the eye and spell out his strategy? Is it because they don’t get it? No. It is because they know — like Roy Scheider in the movie “Jaws,” when he first saw the great white shark — that “we’re gonna need a bigger boat,” and they’re too afraid to tell us just how big.

    The subprime toxic securities will take billions to bail out; the loans could take trillions.

    For now, though, the banks still threaten to consume the O-ama presidency. Indeed, I’m sorry to report that if you just type two letters into Google — “b-a” — the first thing that comes up is not Barak O-ama. It’s “Bank of America.” Barak O-ama is third.

  53. HEHEHE says:

    Ford to cut $10B in debt with cash, equity offer
    By KIMBERLY S. JOHNSON and TOM KRISHER, AP Auto Writers Kimberly S. Johnson And Tom Krisher, Ap Auto Writers
    36 mins ago

    DEARBORN, Mich. – Ford Motor Co. said Wednesday it will try to eliminate up to $10.4 billion of its debt by offering debtholders cash and stock as the troubled automaker continues to restructure amid a severe automotive sales downturn.

    The Dearborn-based company and its financial arm are putting up $2.2 billion in cash and about 500 million shares of stock to entice holders of bonds and secured-term debt into the swap. The company said reducing the debt will cut the amount it pays in interest and put it in better position to compete with General Motors Corp. and Chrysler LLC.

    http://news.yahoo.com/s/ap/ford_tender_offer/print

    Lead balloon anyone?

  54. Qwerty says:

    Grim, the updated unemployment chart above is stupendous.

    Devouring stickmen — pure genius.

  55. SG says:

    There is simple solution, with all this CDS troubling all big bank.

    Congress can pass law saying all CDS contracts should have footnote. “All dollars are Zimbabwe dollars.”, and make the law retroactive.

    Problem solved. Everyone payup and back all sold CDS.

  56. comrade nom deplume says:

    [55]

    LMAO right now!

  57. SG says:

    Bank-Owned Homes Surge, Communities Stung

    Foreclosed homes left behind by banks might seem like an obvious opportunity for community development groups, which could take control of the properties and redevelop them. But even that isn’t happening on a large scale, even in troubled areas, said Kathe Newman, an urban studies professor at Rutgers University in New Jersey, who has been working to create an REO database. Neighbors of an empty house may not be able to determine whether it’s an REO, who owns it, or how to track them down. “It’s really difficult to figure any of this out,” Newman said.

    Zdenek, of New Jersey Community Capital, said even experienced neighborhood groups can’t quickly acquire REO properties and finance their development, given the demand. “I don’t think we can keep up with it,” he said. “There’s so much out there.”

    New Jersey recently became the first state to require that banks or other entities that foreclose on a property take responsibility for it, both before and after it becomes an REO. The law goes into effect April 1.

  58. pattimak says:

    Grim,
    Love your updated unemployment chart. LOL

  59. SAS says:

    whats this ““Slam Sue” blog “?

    I want to join.

    SAS

  60. SAS says:

    “Recovery package eases but does not eliminate job woes”
    http://www.epi.org/economic_snapshots/entry/snapshots_20090304/

  61. Sastry says:

    Grim… The stickmen and the shark add a great touch. You should see if Sue Adler wants to post the chart on her site.

  62. lostinny says:

    Spam that was fantastic!

  63. SAS says:

    “ConocoPhillips layoffs under way”
    http://tinyurl.com/acwd6p

    -Houston-based energy giant started the process of cutting 4 percent of its 32,000-strong worldwide work force.

  64. SAS says:

    “Hidden Pension Fiasco May Foment Another $1 Trillion Bailout”
    http://tinyurl.com/bcyn4f

  65. Dink says:

    Bravo Grim….bravo.

    Now all Sue has to do is add bags in the hands of all her stickmen about to buy.

  66. bklynhawk says:

    Haven’t see this mentioned.

    NJ insurance workers’ payout: $216M lottery win

    http://www.foxnews.com/wires/2009Mar04/0,4670,MegaMillionsWinner,00.html

    Wonder how many will leave NJ now? 10 IT positions open at Chubb.

    BTW, Grim nice use of the Hugh MacLeod Blue Microsoft Monster on the graph.

  67. Sean says:

    Had the pleasure of chatting while waiting for my flight yesterday with a retired accountant from Maplewood of all places, we both have the same Alma Matter and he was an octogenarian who served in Patton’s army.

    The accountant spoke with great worry about our economy and was dismayed because his children and grandchildren all took out Helocs against his advise and were way underwater, and some were losing their jobs.

    My first question to him was if he was prepared to take his very large family back in if needed and he gave me a resounding yes, family first.

    The accountant was worried about Gov’t deficit spending, and commented on the dearth of real leadership down in DC, also commented on our new Treasury Secretary’s tax evasion and our new President’s policies on energy. I asked him if he was on the NET and he said no he just reads the papers etc, the man was sharp and knew we are in for a very rough patch, and almost sounded as negative as some of the doomers here.

    He said that the rich will move there money to Munis to avoid the increase in taxes and we need more business people to step up and restart manufacturing here in the USA.

    He commented on Short Hills and a few of his former Maplewoood neighbors who traded up and now are out of work.

    I told him to get ready to see apple carts in the streets again and to be sure to get a big dog and extra locks.

    His response to me was he hasn’t locked his doors in Maplewood in decades and Smith and Wesson will take care of him during tough times.

    Gotta love the tough old folks, we all can learn lessons from them.

  68. SAS says:

    “if he was prepared to take his very large family”

    yup, i have heard some similar storie myself.

    SAS

  69. comrade nom deplume says:

    Commandante Obama:

    http://www.forbes.com/2009/02/26/obama-castro-chavez-opinions-columnists_stimulus.html?partner=email

    I think I will try out for Minister of Propaganda

  70. comrade nom deplume says:

    “New Jersey recently became the first state to require that banks or other entities that foreclose on a property take responsibility for it, both before and after it becomes an REO.”

    Lenders already have different rates or fees for different states. How much more expensive is getting a loan in NJ going to get?

  71. grim says:

    #73 – Sean

    This one won’t.

    NJ says lender can foreclose on Resorts AC

    New Jersey casino regulators say a lender can begin foreclosure proceedings against Resorts Atlantic City.

    Resorts stopped paying its bank loans in November, saying it couldn’t afford to because of the poor economy.

  72. SAS says:

    Future opportunity, decentralize cash flows. i.e break any of the steps below.

    six ways to centralise local capital:

    1) consolidate all retail sales into a few large corporations, including franchise operations, cutting out local small business.

    2) outsource (“privatize”) all local government functions to a few large corporations or subject them to such an overwhelming amount of federal regulation that they can be controlled and managed for the benefit of a few large corporations and their investors.

    3) buy up all the land and real estate, or encumber them with mortgages in a way that is as profitable as possible and allows you to get control when you want it.

    4) finance the entire process with the profits from narcotics and organised crime that you market into the neighbourhood. This enables you to finance your expansion in a manner that lowers your cost of capital in a way that lowers the initial price of your investment and/or weakens your competition.
    ex. I buy your business and land with your money at a fraction of the cost. No one sells her home faster and cheaper than a mother trying to make bail or pay a lawyer to save her family from jail or death. That is why narcotics trafficking is the ultimate form of neighbourhood leveraged buyout.

    5) leverage all of this with tax shelters, private tax-exempt bonds, municipal bonds, government guarantees, and government subsidies — all protected with complex securities arrangements.

    6) ensure that the only companies and mutual funds allowed meaningful access to capital are those run by syndicate-approved management teams. To raise significant campaign funds candidates for political office appoint syndicate-approved management teams. Investment syndicates define the boundaries of managed competition that cycle all capital back through their pipelines. That means the only local blokes who can make good are those who play ball with the syndicate.

    In this way the private equity in a community can be extracted at a near infinite rate of return to investors and a highly negative rate of return to taxpayers.

    SAS

  73. grim says:

    Looks like Tom Barrack got run over by a pony.

  74. spam spam bacon spam says:

    55: Devouring stickmen — pure genius.

    I thought it’s “vomiting” stickpeeps?

  75. SAS says:

    relates to my above post: “6 steps”

    “UBS says 47K Americans had accounts avoiding taxes”
    http://news.yahoo.com/s/ap/20090304/ap_on_bi_ge/ubs_secrets_congress

    SAS

  76. Essex says:

    Now that…..THAT….is a chart.

    Bravo. Genius.

  77. SAS says:

    “NY AG to question 7 Merrill execs about bonuses
    New York Attorney General subpoenas 7 former Merrill execs as part of bonus investigation”

    http://finance.yahoo.com/news/NY-AG-to-question-7-Merrill-apf-14547945.html

  78. Essex says:

    69. I really like Maplewood. Little downtown with that pub. Thing is the wife and I did not need a train town. So why pay for it?

  79. SAS says:

    but, you may want to read this first:

    “Andrew Cuomo and Fannie and Freddie
    How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis”

    http://www.villagevoice.com/content/printVersion/541234?ref=patrick.net

  80. House Hunter says:

    #15 3b…i jsut keep wondering if they are throwing all these insane ideas out there to test them…i can tell you it didn’t go over well in my house tonight.

  81. House Hunter says:

    #24 Clot…I am game. I can take out all my realtor frustration on her. I have lots of stories to share with that crowd

  82. SAS says:

    “Andrew Cuomo’s $2 Million Man
    How the Attorney General wannabe turned an accused slumlord into a sugar daddy”

    http://www.villagevoice.com/2006-08-29/news/andrew-cuomo-s-2-million-man/

  83. CAIBC says:

    i just posted to Sue….that realtor is so annoying….

    what is the current rate of realtors loosing their jobs….cause i think she should be up first in that line!

  84. 3b says:

    #83 HH: My wife dropped F-bombs;she almost never drops F-bombs.

  85. Essex says:

    24….the funny thing is that she targets the ‘snob’ towns. I love it. As if the other places on that map do not exist. In her bitty mind, they probably do not. That blonde is hot tho.

  86. CAIBC says:

    house hunter….if you havent noticed, Sue has no crowd…so you may be sharing stories with folks from this blog!!

  87. SAS says:

    i hope by now you are getting the idea of the game that is being played.

    as a matter for the public, make the system look legit.

    as a matter of policy, keep the cash flowing.

    SAS

  88. Essex says:

    Re; Grim’s chart….Satan is hungry for financial services employees…..YUMMY!

  89. spam spam bacon spam says:

    And Shore, from last thread…

    nice try at an ad hominem argument:

    http://en.wikipedia.org/wiki/Ad_hominem (replying to an argument or factual claim by attacking a characteristic of the source making the argument, rather than by addressing the substance of the argument or producing evidence against the claim. The process of proving or disproving the claim is thereby subverted, and the argumentum ad hominem works to change the subject.)

    I again ask you:

    What is this “tax” self-employed people are paying that no one else pays?

    Gimme the tax code or something. Anything…

  90. House Hunter says:

    3b my husband is going to spontaneously combust, may be tonight.
    89-CAIBC saw your post…LOL the names look so familiar!

  91. SAS says:

    well, think I will goto the kitcen and warm up the milk for my nightly usual:

    warm milk & cognac

    Snobby SAS:P

  92. Pat says:

    Beast chart ever.

    Thanks, Sue.

  93. House Hunter says:

    hey 3b…my husband said he may not be able to face my brother at the next family outing…70,000 in home equity, which I think at this point he is living off of….on top of a mortgage he cannot afford, going to lose the job any month now, but go the biggest flat screen I have ever seen…also has a boat, and fancy front loader washer and dryer. All the things we do not have.

  94. House Hunter says:

    great chart Grim…now just insert the real rate of about 12%

  95. kettle1 says:

    House,

    if NJ methodologies are similar to federal methodologies, then the real unemployment (U6) is about 1.77X U3.

    If the 7.9 is the state U3 equivalent then the state U6 equivalent means we are actually at 12.9%

  96. kettle1 says:

    SAS,

    excellent points tonight. the sheeple could never begin to accept such ideas short of a revolution. Acknowledging such ideas means the average persons world view is a fantasy

  97. House Hunter says:

    woops missed that .9%

  98. House Hunter says:

    Sue is getting a beat down

  99. Alap says:

    Poor Sue.

    You guys should be ashamed.

  100. CAIBC says:

    actually sue is finally getting some traffic! i took a look at her recent posts and only one had 3 comments!

    now, after the most recent stick figure graph plotted against who knows what, she may be quitting the whole blogging scene…wont be able to handle the truth!

  101. spam spam bacon spam says:

    Oh noes.

    I must defend a front loading washer.

    A front loader uses a lot less water; we have a septic system and I weighed the price of a new septic versus a front loading washer.

    To me that’s a simple choice….

    (Yes, I only bought the washer because that’s all that was broken at the time. When my dryer finally died, I bought one big enough to dry horsie blankets :)

  102. safeashouses says:

    front loaders also use less detergent.

  103. Stu says:

    “horsie blankets”

    Spam spam won’t you please help my pony? I think it’s his lung!

  104. Cindy says:

    http://market-ticker.denninger.net/archives/849-Stop-OTC-CDS-Abuse-NOW.html

    Zach (22) SG (56)- Denninger calls for the stroke of a pen.

  105. still_looking says:

    yeah. it’s getting bad

    One of our new CIMs (clinical info managers)is a former financial recruiter who was laid off…

    We chatted this morning about just how f.ucked up things are. She’s “just a CIM” and she knows more about what’s going on currently than most of my ostrich-head colleagues.

    [most of whom look at me like I am a devil-soothsayer for my grim analysis and proclamations at work.]

    sl

  106. spam spam bacon spam says:

    How to get started paying extra taxes:

    http://www.mcphee.com/items/M6334.html

  107. House Hunter says:

    still…loved the friskies reference!

  108. House Hunter says:

    104 spam I get it, but you don’t buy it when you can’t afford it and the washer you had was fine

  109. House Hunter says:

    hey alap or should I say a sap…how bad did she feel lining her pockets with other people’s money, all the while lying and talking about how home prices never go down and other granite bullsh*t

  110. Firestormik says:

    Is citi already dead? Just went to pay my credit card bill and found that my account is restricted. Looking through the recent activity I found nothing wrong – 8 transactions last month in $15-$30 range. Tried to call them, but after 20 minutes of waiting gave up.

    Important Security Message
    This is to inform you that your account may be at risk for unauthorized use. To ensure that it remains protected, we have:

    Restricted Account Online access for this account number.

    Issued a new Citi Card to you.

  111. House Hunter says:

    wow, what has gotten into me, I am a crazy person tonight…i think the second lien thing got to me or maybe clot

  112. House Hunter says:

    by the way, watch the speed traps. I cannot believe the police presence…since when did the police become a revenue generating arm of the local gov’t. if we all don’t speed there will be police layoffs

  113. House Hunter says:

    I think I should post this on Sue’s site
    http://www.youtube.com/watch?v=MJJN9qwhkkE

  114. Frank says:

    What a joke….

    0bama’s Middle-Class Task Force Has No Middle Class

    http://news.yahoo.com/s/time/20090304/us_time/08599188291300

  115. spam spam bacon spam says:

    HH:

    Totally agreed.

    I was really just defending the front load vs top load issue.

    I didn’t want to spend the $$ but it was necessary (our remaining clean clothes were choice vintage “WTF was I thinking”) and seeing the septic cost $28,000 to install just a few years prior, (and with the washer being only 1K,) the math was easy.

    BTW-The new dryer is actually pretty bare bones. And doesn’t match in brand or anything. I think I paid $400. But it fits the fat a%%es winter blankets.

  116. SAS says:

    “Acknowledging such ideas means the average persons world view is a fantasy”

    Indeed. I am a big fan of Plato & Allegory of the cave.
    http://en.wikipedia.org/wiki/Allegory_of_the_cave

    SAS

  117. safeashouses says:

    Here we go,

    “Chavez orders nationalization of Cargill’

    http://www.cnn.com/2009/WORLD/americas/03/04/venezuela.cargill/index.html

  118. JBJB says:

    Heh. That article on O’s Middle-Class Task Force is precious. Best line.

    “While middle class Americans are invited to submit questions and ideas through the task force’s website, AStrongMiddleClass.gov and tickets for the Philadelphia meeting were distributed to labor and environmental groups, the task force did not accept questions from the audience.”

    Pretty much says it all right there. No filthy middle class folks actually welcome, unless of course your a special interest group who donates money to democrats.

  119. Ben says:

    “by the way, watch the speed traps. I cannot believe the police presence…since when did the police become a revenue generating arm of the local gov’t. if we all don’t speed there will be police layoffs”

    I’ve been commuting home around 11 pm to 1 am recently. The police presence out there is incredible. The police have always been a revenue generating arm for the government. I honestly feel the cops in this situation. A lot of them will tell you that this is the worst aspect of their job, the mayor ordering a ticket blitz. This is the mayor’s solution to their budget shortfalls because people can’t pay their taxes. Honestly, if people want to stop these things, they need to start annoying their politicians at public meetings every chance they get.

  120. House Whine says:

    #68
    I know one of the winners- a really nice person and I hope they all make good use of their fortunes. Nice to hear someone has some happy financial news today!

  121. Johnboy says:

    I notice everyone homeowner I speak with is calling real estate cheap now. It is a nice chuckle as these high living homeowners squirm under house depreciation. The fanatasy retirmrnet dreams ioff buyers backs is over. Now they will need to rattle a few cages at walmart if they want the extra cash..not coming at my expense.

  122. Johnboy says:

    I notice everyone homeowner I speak with is calling real estate cheap now. It is a nice chuckle as these high living homeowners squirm under house depreciation. The fanatasy retirmrnet dreams of buyers backs is over. Now they will need to rattle a few cages at walmart if they want the extra cash..not coming at my expense.

  123. Johnboy says:

    I notice everyone homeowner I speak with is calling real estate cheap now. It is a nice chuckle as these high living homeowners squirm under house depreciation. The fanatasy retirmrnet dreams of buyers backs is over. Now they will need to rattle a few cages at walmart if they want the extra cash..not coming at my expense.

  124. Johnboy says:

    I notice everyone homeowner I speak with is calling real estate cheap now. It is a nice chuckle as these high living homeowners squirm under house depreciation. The fanatasy retirmrnet dreams of buyers backs is over. Now they will need to rattle a few cages at walmart if they want the extra cash..not coming at my expense.

  125. Johnboy says:

    I notice everyone homeowner I speak with is calling real estate cheap now. It is a nice chuckle as these high living homeowners squirm under house depreciation. The fanatasy retirmrnet dreams of buyers backs is over. Now they will need to rattle a few cages at walmart if they want the extra cash..not coming at my expense.

  126. Johnboy says:

    sorry for the dupes, but you get the message.

  127. Clotpoll says:

    Just when I thought today couldn’t get any better…I come here and discover Grim’s got his own stickman-eating graph monster.

    I haven’t felt this good in ages. Sue Adler is better than a punching bag. Damn, she’s better than a double Knob Creek.

    Watch her take down her blog. All the best stuff never lasts.

  128. MikeyMike says:

    Lenders fear Chinese insolvencies

    HONG KONG — Foreign lenders who rushed into China in recent years are watching nervously as a number of companies there teeter on the brink of insolvency. Their worry: The nation’s bankruptcy laws may leave them with virtually nothing.

    Several big Western investors — Citigroup Inc., hedge-fund manager Citadel Investment Group LLC, Credit Suisse Group and CLSA Capital Partners — are seeking to get back between $100 million and $200 million in loans extended to a Chinese steelmaker, according to people familiar with the matter. While they might recoup some of the money under a restructuring, a liquidation could wipe …

    http://online.wsj.com/article/SB123620771231333743.html?mod=

    Anyone got access to WSJ for the rest of the article?

  129. zieba says:

    RE: 124

    Fcuk the Po-lice!

    Valentine V1 hardwired into the vehicle, soothing classical or jazz on a mid volume, left lane, empty turnpike, spedometer at 90, revs a shade under 3K, po-po and his long revengue generating arm don’t scare me.

  130. Firestormik says:

    ziebra, too confident? i was too when i was yonger, until i ended up in ~8 ft ditch cutting an apple tree in a half doing about 85mph in ~55 (90km/h) speed zone. good luck for you

  131. d2b says:

    OT-
    America’s most convenient bank is a pain in the ass. They don’t do travelers checks. Every time I go to the bank there is a problem that needs someone at the desk to handle. Everything takes two visits.

    We switched because there are no account fees and BAC was killing us with extra charges. However TD Bank’s ‘free’ blows…

  132. Alap says:

    i dont know how the most conveneient bank doesnt have a drive thru atm. isn’t that one of the most convenient things. always boggled my mind.

  133. Steve says:

    Oh my god. This Adler blog is KILLING me I’m laughing so hard… god help anyone who earns the ire of this crowd! I want all these comments framed! Quick someone print them out!

    Clot, she can’t say she hasn’t been warned:

    # Clotpoll said at March 4th, 2009 at 9:00 pm

    Look at it this way: all these posts must have moved you up in the Google searches.

    Get working on some new threads. This crew of posters will be back like buzzards on a meatwagon every time you put out fresh material.

  134. zieba says:

    fire,

    Your argument is poorly constructed inference. Speed does not kill. Inattentive and unskilled drivers driving improperly maintained vehicles do.

    That said, please don’t confuse driving fast with these gangster retards in $500 cars weaving in and out of lanes.

    Why is it that some people cannot conceive a world in which traveling down a sparsely populated highway at 160 km/h can be done in a safe manner?

    Would love to hear your case against driving over 55-65 mph.

    G’night.

  135. safeashouses says:

    That Adler blog is great. Looking forward to her next post.

  136. Firestormik says:

    zieba,
    Speed kills. year. you are the best driver in the world. let me guess… BMW?
    you never know what’s ahead of you. your stopping distance is ^2 of your speed. think about it

  137. cobbler says:

    Everyone did an amazing job on Sue’s blog. I don’t know how long it exists, but March 4th provided about 90% of the posts ever made there. Any bets on: (a) Sue’s blog shutting down (b) She hires an assistant to promptly remove all the posts creating doubts in the blog’s mission (c) She hires a team of hackers to attack this blog (d) She hires a hitman to get clot

  138. kettle1 says:

    sas

    The cave is indeed a great allegory. perhaps this is a good allegory of our current justice system:

    “returning from divine contemplations to human evils”, a man “is graceless and looks quite ridiculous when — with his sight still dim and before he has gotten sufficiently accustomed to the surrounding darkness — he is compelled in courtrooms or elsewhere to contend about the shadows of justice or the representations of which they are the shadows, and to dispute about the way these things are understood by men who have never seen justice itself?”

  139. kettle1 says:

    OH NO! Sue’s page is gone

    “Oops. This page must not exist anymore. Feel free to click around though to those pages that do exist.”

    http://njexperts.com/2009/02/26/but-how-do-i-know-if-the-nj-real-estate-market-has-hit-bottom/comment-page-1/#comment-127

    Someone please tell me that they archived it?

  140. kettle1 says:

    Thevenerable Sue Adler –

    As we move into February, I’m listing more than ever before( at good prices too!) and my entire team is busy with buyers on the weekends. The historically low interest rates have alot to do with it as well as the pent up demand for homes since new inventory is just now starting to come out again.

    link to the comments page:
    http://njexperts.com/2009/02/23/summit-january-2009-home-sales-stats-and-market-report/#respond

  141. bklynhwk says:

    146-
    Shouldn’t that read “…pant up” demand.

    John

  142. lostinny says:

    I guess Sue couldn’t handle the truth.

  143. Essex says:

    Poor Sue. But you must know that she is marketing to the very few at this point and probably wants to continue to perpetuate some semblance of order and business as usual as she watches her sand castle wash away.

  144. grim says:

    I very rarely delete posts here.

    I guess the same can’t be said about other real estate blogs.

    The only version of the “truth” that matters is their own.

  145. Steve says:

    So, I happened to leave that Adler webpage up overnight…. and have just saved it as a HTML file :)

    Gotta love “sleep mode” !

  146. fcastro says:

    Anyone have any good links on overall sales of real estate in jersey? Real data not some pokey agent trying to make it all sound fluffy, lol.

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