January Inventory (Active Listings)
Essex
2001 – 1713
2002 – 1896
…
2014 – 2398
Morris
2001 – 2010
2002 – 2284
…
2014 – 2625
Passaic
2001 – 1296
2002 – 1184
…
2014 – 1862
Somerset
2001 – 1300
2002 – 1455
…
2014 – 1650
Sussex
2001 – 1321
2002 – 1273
…
2014 – 1856
Union
2001 – 1416
2002 – 1322
…
2014 – 2148
frosty
frosty morning good morning NJ
I usually love winter but I didn’t like going back into the icebox.
@Nouriel: Dr. Doom sees correction risk, not crash for Canadian housing | Reuters http://t.co/MM03EBok8o
I know I said I would not feed the troll (irrespective of a recent and surprisingly relevant contribution), but I can’t resist:
Who does this remind you of: http://www.cnbc.com/id/101442441
Home prices rise more than forecast in December
REUTERS — 2 MINUTES AGO
(Reuters) – U.S. single-family home prices in December rose slightly more than expected from the previous month, a closely watched survey showed on Tuesday.
The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.8 percent on a seasonally adjusted basis. A Reuters poll of economists forecast a rise of 0.6 percent.
The 20-city composite index rose 13.4 percent year-on-year.
“The S&P/Case-Shiller Home Price Index ended its best year since 2005,” David M. Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, said in a statement.
“However, gains are slowing from month-to-month and the strongest part of the recovery in home values may be over.”
The 10-city composite index also rose 0.8 percent in December on a seasonally adjusted basis.
On a non-seasonally adjusted basis, the monthly 10-city gauge was unchanged while the 20-city measure dipped 0.1 percent.
I know it is only February, but I call quote of the year from an unexpected source and loyal NY Jets fan:
“I’m tired of cleaning up your s—,” Mr. El-Erian responded, referring to conduct by Mr. Gross that he felt was hurting Pimco, these two people recall.
Nj budget deficit 47B.
When was the deficit 1k?
Didn’t anyone think of keeping it balanced at one point?
Wasn’t 1B enough of a warning? 2B? 5B? 10B?
When would anyone consider raising their taxes or cutting spending?
Why not raise taxes when it was at 2B and nip it in the bud?
When it was 2B, how old were the residents? Are they all of the old, retired people that are now complaining that their tax bills are too high and S. Security did not give them a cost of living increase this year?
47B does not happen overnight.
By the way it’s just math. There should be a way to calculate it. After all, in 1969 we put a man on the moon. I’m sure there was more math calculations needed for that than to balance a budget.
I guess if you charge up your credit card before you die you don’t have to worry about paying it.
Just leave the bill for the youth.
[7] chi fi,
I know that it is highly uncharacteristic of me to ever give props to Jets fans, but I find the term “loyal Jets fan” to be needlessly wordy. With some exceptions, to be a Jets fan is to be loyal. Long time Patriots fans understand this.
Okay, back to hate mode.
Nom: Show your t!ts!
Comrade Nom Deplume, back as Captain Justice says:
February 25, 2014 at 10:03 am
[7] chi fi,
I know that it is highly uncharacteristic of me to ever give props to Jets fans, but I find the term “loyal Jets fan” to be needlessly wordy. With some exceptions, to be a Jets fan is to be loyal. Long time Patriots fans understand this.
Okay, back to hate mode.
Regarding inventory…question is not how many homes are on the market. The real question is what percentage of the homes on the market would accept a market value offer if tendered?
People tend to lose sight of the fact that not every seller will recognize market value when it hits them square in the face.
I never give money to homeless people because I don’t want to incentivize careers in begging.
Most of the Scamcoin exchanges are down today.
http://coinmarketcap.com/
Nom I lump jets and cubs fans in the same category as battered wives then again I’m a mets and rangers fan so I probably know something about it.
[15] pain,
The difference being that I have sympathy for battered wives . . .
And on that note, back to the salt mines . . .
Nom,
Been reading GS elevator for years. Dude was hilarious. Never thought for a moment that he actually worked on WS. Why anyone did is beyond me.
NBA Talent Evaluation (clot Edition):
http://nypost.com/2014/02/25/knicks-raymond-felton-being-questioned-by-cops/
8- Good point, and why I believe the following; Governments were built to run on debt. They have no intention of ever being debt free. If all the govts did not run on debt, the economy would collapse. You would destroy the bond market overnight.
#12 30 yr.,
Exactly. The low inventory is propoganda, created by NAR regime to foster activity. There are 100s of houses in my price range but I would not pay anywhere near where what 90% are asking..so they sit and sit. The other 10% move quickly and it seems the bounce off the 2012 floor makes it appear like boom times qhead. Clearly this is pricing problem not inventory problem.
Can there ever be too much debt…do I have to bring up Argentina again?
19.Michael says:
February 25, 2014 at 12:36 pm
8- Good point, and why I believe the following; Governments were built to run on debt. They have no intention of ever being debt free. If all the govts did not run on debt, the economy would collapse. You would destroy the bond market overnight.
Dirty politics
http://www.nytimes.com/2014/02/25/nyregion/in-plan-to-dump-contaminated-soil-classic-new-jersey-politics-emerge.html
30 year & Bystander,
Good insight. I probably have too much tunnel vision at the moment to consider anything else.
The End Is Nigh (Hirsute Edition):
Brooklyn’s hipster beard craze has grown so popular, that men in New York are rushing to plastic surgeons for “facial hair transplants” — surgery that helps make beards look thicker and less patchy, sources said.
Stubble-challenged guys are forking over up to $7,000 for the beard-boosting procedure, which has spiked in popularity in recent months, the neighborhood Web site DNAinfo.com reports
“Whether you are talking about the Brooklyn hipster or the advertising executive, the look is definitely to have a bit of facial hair,” said Dr. Jeffrey Epstein, a facial plastic surgeon, told the site.
Epstein, who works in Midtown, performs roughly three beard implants per week — up from just a handful each year, he said.
Some “hip” and “fashionable” young professionals are tapping into a specific lumberjack-meets-roadie “look” made popular in neighborhoods such as Williamsburg, Bushwick and Park Slope, doctors said.
Many patients young professionals in 20s and 30s, said Dr. Yael Halaas, another plastic surgeon who specializes in facial hair transplants.
“I get a lot of detail-oriented people — artists, architects,” Halaas said.
During the surgery, doctors implant hair follicles from other parts of the body, including the head and
chest. New beards grow back just like real hair — and can be shaved.
The hair-raising trend isn’t just popular with hipsters. Other patients include men who have struggled since adolescence to grow a beard, female-to-mail transgender people and Hasidic Jews, doctors said.
One 46-year-old patient said the change in appearance was gradual.
“It wasn’t like ‘Wow. What happened to you?’ like one day…you dyed your hair,” he said.
“Sometimes I am clean-shaven or it’s more scruff and sometimes I let it grow out,” Peter said. “At least I have choices, right?”
Where do they transplant the hair from to get the right texture?
Head or Balls?
22
Phoenix,
We have to stop referring to the shady (i.e. illegal) dealings as “politics” and start using “government” It, the govt, is operating as intended.
Grim honestly, hopefully their backsides because you have to be an a$$ to do this procedure.
When I shaved my beard this year trimmed it into a cop/pron star stache wife screamed shave it immediately it is creepy. We need to bring that look back
Question of the day at the NJ RE & Men’s Grooming Report:
I need to use some kind of razor or tool to clean up excess hair……usual suspects around my face, head and neck….any good suggestions? I am being serious……wrong side of 45 at this point……
I thought the hipsters in Montclair were bad. A very funny buddy of mine whose an animator by trade and a self admitted hipster from Park Slope has created a controversy that would make most of us here puke, besides perhaps, Anon and Michael. Here’s the article and some Facebook comments from his page.
http://forward.com/articles/193141/boasting-about-being-pregnant-in-politically-corr/
Daniel Sieradski damn son, you really just don’t know when to back down, do you?
February 23 at 9:04am · Like · 5
William Levin Coming from Daniel Sieradski, I’ll take that as a compliment.
February 23 at 9:05am · Like · 2
Daniel Sieradski Hey, I pick fights with racists, not infertile couples.
February 23 at 9:06am · Like · 1
William Levin I don’t discriminate like that.
February 23 at 9:07am · Like · 2
Harry Rubenstein I hate Brooklyn just a little more today than I did yesterday.
February 23 at 9:09am · Like · 6
Patrick Hagerty Love you man. Dont change. It was funny.
February 23 at 9:11am · Like · 3
Benji Lovitt Holy cow. Wow. I am on Team William.
February 23 at 9:11am · Like · 4
Harry Rubenstein That’s what happens when you go to an artisanal shul.
February 23 at 9:12am · Like · 10
Meir Taub What about racist infertile couples?
February 23 at 9:12am · Like · 2
Daniel Sieradski Surprise, a comedian defends another comedian for offending people.
February 23 at 9:13am · Like · 4
Harry Rubenstein Seriously, how do you tolerate Brooklyn? Every time I go there it’s like Halloween. People wear costumes and dress like lumberjacks with non-prescription glasses. I saw a woman walking around with a lizard on her shoulder. Do you know her? Does she go to your shul?
February 23 at 9:14am · Like · 5
William Levin Harry, her name is “Liz”, and I think she was one of the offended.
February 23 at 9:16am · Like · 3
Atara Neuer Will this posting be quoted in a folllow up article?
February 23 at 9:16am · Like · 3
Benji Lovitt William, in the next newsletter, you should write “EVERYONE IS JEWISH!” to see if anyone gets offended.
February 23 at 9:16am · Like · 10
Daniel Sieradski I really don’t understand why being sensitive to people in your religious community who struggle with infertility and childlessness is a big ask, or why it should make those who were hurt loathsome. If anything, you all sound cruel and uncaring. I wouldn’t wish on any of you what these people struggle with.
February 23 at 9:20am · Edited · Like · 7
Meir Taub What’s offensive to me is that people are actually reading a shul newsletter
February 23 at 9:18am · Unlike · 11
Harry Rubenstein Daniel Sieradski You are the one sounding cruel here.
February 23 at 9:21am · Like
Meir Taub I agree with Daniel, new alt shul policy: No pregnant women allowed. It might offend somebody.
February 23 at 9:21am · Like · 5
William Levin Meir Taub, you’re not far off from the truth.
February 23 at 9:22am · Like · 1
Atara Neuer Awkward:you can see 3 different edited versions of daniels comment
February 23 at 9:22am · Like · 1
Harry Rubenstein Infertility is no joke and William clearly wasn’t joking about it. It’s like Jerome Epstein’s family always whispering the word “cancer” in Brighton Beach Memoirs. #BROOKLYNREFERENCE
February 23 at 9:24am · Like · 2
Daniel Sieradski Atara: Why should I post three things in a row when I can just append to the original comment?
February 23 at 9:24am · Like · 1
Daniel Sieradski It’s not that he was joking about infertility, it’s that he was being insensitive to how the remark would make infertile people feel. No, everyone’s not pregnant. Some people can’t get pregnant. It’s a very ableist argument you’re all making.
February 23 at 9:25am · Like · 3
Meir Taub Because we can’t see the changes.
February 23 at 9:26am · Like
Harry Rubenstein I’m sensitive to gluten and the waitress put bread on the table. Was I offended? OF COURSE NOT.
February 23 at 9:26am · Like · 6
Daniel Sieradski Oh I’m sorry, I didn’t know your ability to comfortably digest bread was equivalent on an emotional and psychological scale to not being able to reproduce human life.
February 23 at 9:28am · Like · 4
Harry Rubenstein I don’t understand how you can’t see the equivalence.
February 23 at 9:28am · Like · 2
Meir Taub Actually it’s worse. I wouldn’t want to be in the room with him after he’s eaten gluten.
February 23 at 9:28am · Like · 9
Harry Rubenstein You don’t see Benji Lovitt the Comedian blaming everyone just because he can’t get married. EVERYONE IS GETTING MARRIED! He’s always the bridesmaid, never the bride.
February 23 at 9:29am · Like · 3
Benji Lovitt I blame the shidduch crisis.
February 23 at 9:30am · Like · 5
Harry Rubenstein I blame gluten (and William Levin).
February 23 at 9:30am · Like · 2
Meir Taub William’s purim costume is now obvious… pregnant woman.
February 23 at 9:31am · Like · 5
Meir Taub Too soon?
February 23 at 9:31am · Like · 4
Benji Lovitt By the way, if I am still single at 40, you are all invited to watch me jump off Masada. I’m going to use my ROI Community micro-grant to hire William to film it.
February 23 at 9:31am · Like · 9
Meir Taub Bonus points for the ROI micro grant reference!
February 23 at 9:32am · Like · 3
Andrew Esterman This is almost as good as the coop.
February 23 at 9:34am · Like · 1
Daniel Sieradski My mother in law was unable to conceive, adopted two kids, then gave birth to my wife by chance. Refused to believe the doctor when she said she was pregnant. The doctor had to scream at her to get her to believe it, because she had tried and failed with so many treatments. Now that my wife’s pregnant, my mother in law doesn’t want to believe it. She doesn’t want us to talk about it around her. She doesn’t want us to buy any baby stuff before the birth. She says she’s afraid. She doesn’t want to jinx it. Imagine someone who’s going through what she went through would feel if that’s the newsletter they got. I just don’t think it’s very thoughtful or considerate of other’s feelings. I’m going to leave it at that, and share this blog post my friend Naomi posted this week.
http://naomiless.com/in-the-meanwhile/
In the meanwhile | Naomi Less
naomiless.com
In the meanwhile February 18, 2014 In the meanwhile…I am happily married – I set…See More
February 23 at 9:37am · Like · 4
Harry Rubenstein Daniel Sieradski Slow down sparkles. No one is making fun of infertility issues. It’s a serious matter. Like most people we’ve got a ton of friends who have had infertility problems. We are making light of the overblown reaction to William’s line in the newsletter.
February 23 at 9:40am · Like · 4
Meir Taub Daniel, I think you’ve lost sight of what’s important here… me accumulating “likes” for my stupid comments.
February 23 at 9:40am · Like · 10
Daniel Sieradski And I’m telling you that it’s not an overblown reaction and your doubling and tripling down on it is gross and insensitive.
February 23 at 9:40am · Like · 2
Meir Taub Oh well Daniel told us it’s not overblown, I guess we all must be wrong and he must be right.
February 23 at 9:42am · Like · 1
Daniella Gruenspecht those offended shul folk seriously need a prescription for CHILL pills
February 23 at 9:42am · Like · 5
Daniel Sieradski You’re being inconsiderate towards people who are struggling with infertility who can’t help but feel hurt when they’re in such a place emotionally. Saying so has nothing to do with being “politically correct” Brooklyn yuppies, and everything to do with basic mentschlikeit, which seems to have evaded you.
February 23 at 9:44am · Edited · Like · 2
Daniella Gruenspecht chill papi
February 23 at 9:44am · Like · 3
Avrumie Herssein You know what’s infinitely more interesting, important and worthwhile reading than a story about how far gone a community of bklyn idiots has taken political correctness? A story about human feces, and toilets:
http://m.fastcoexist.com/…/take-a-seat-on-this-gates…
Take A Seat On This Gates-Funded Future Toilet That Will Change How We Think About Poop
m.fastcoexist.com
The inside story of how Caltech engineers and Kohler designers are testing a toilet technology that could significantly improve the health of 2….
February 23 at 9:46am · Like · 3
Meir Taub It’s true, I feel that way because my doctor told me I can never get pregnant. =o(
February 23 at 9:46am · Like · 1
William Levin I am most impressed by those who speak in behalf of all the couples struggling with fertility issues, as if they are a weak and oppressed people with no voice. I’m sure they appreciate everyone coming to their defense. It’s not condescending in the slightest.
February 23 at 9:48am · Like · 11
Rivkah Jewski it’s the PC taken to an absolutely insane level.
February 23 at 9:51am · Edited · Like · 2
Daniel Sieradski I don’t claim to be speaking on behalf of infertile couples, William, but just because you’re not offended by such remarks doesn’t mean that others aren’t.
February 23 at 9:51am · Like · 1
Lynley Kees Honestly. Do people not have enough to do with their time to blow this so out of proportion! (And yes, I struggled with infertility and am not offended. Maybe bc I have known the man behind the words since childhood). Sheesh.
February 23 at 9:58am · Edited · Like · 5
Meir Taub Avrumie, I’m offended by your pottie talk!
February 23 at 9:54am · Like · 2
Rivkah Jewski Avrumie, this is so fascinating! LOL
February 23 at 9:56am · Like · 1
Daniel Sieradski William, my immediate reaction when my wife showed me the article was, eh, it’s not such a big deal – people are overreacting. It didn’t really bother me until I saw you keep pushing it, instead of just quietly acknowledging that it hurt some people, was probably better left unsaid, and moving on. Rather, you’ve kept doubling down in the headlines on your Facebook posts. I just don’t think it bespeaks very much respect for your community. It doesn’t mean I don’t like you or consider you my friend, or that I think you’re a fundamentally bad person. I just disagree with you in this instance.
February 23 at 9:59am · Edited · Like · 3
William Levin Daniel, as you well know, silence has never been an effective means to open discussion.
February 23 at 10:00am · Like · 7
Suri Grussgott reminds me of a woman who came up to my dad a few yrs ago after shull and said, “rabbi, how dare you give a yizkor speech that assumes we all want to find a way to honor our parents’ memory. It’s so insensitive. And, you should offer an alternate prayer for those of us who hated our families.”
February 23 at 10:00am · Like · 8
Daniel Sieradski I don’t see a discussion taking place here. I see a bunch of conservative leaning people bashing yuppies for being politically correct liberals because they care about the feelings of minorities.
February 23 at 10:02am · Like · 2
Meir Taub I’m offended by “yuppies” “liberals” and “conservative”
February 23 at 10:03am · Like · 7
Suri Grussgott And why limit the insensitive argument to those struggling with infertility. What about people who are offended by those who choose to have children at all because of a belief in overpopulation…. Ohh, so now we’re labeling and making assumptions about people’s entire worldview and lumping them in categories. And presuming your camp is more moral. Kinda prejudice.
February 23 at 10:04am · Like · 2
William Levin Daniel, discussion will hopefully take place at shul. That is, unless the Altshul leadership team decide it shouldn’t.
February 23 at 10:05am · Like
Daniel Sieradski Suri, that is a classic slippery slope/continuum fallacy.
http://en.wikipedia.org/wiki/Slippery_slope
Slippery slope – Wikipedia, the free encyclopedia
en.wikipedia.org
In logic and critical thinking, a slippery slope is a logical device, but is usu…See More
February 23 at 10:07am · Like
Meir Taub I’m going to write a Wikipedia entry about this.
February 23 at 10:11am · Like · 5
Atara Neuer Im going to be serious and re-focus the discussion Daniel wants. This is about a writer who celebrated pregnant people and got bullied by infertile people.Now,had Will’s headline addressed the infertile in an insensitive manner,such as “where’s YOUR baby?everyones pregnant!”,i could see a basis for an argument.but to celebrate joy,and be bullied for it by those unable to partake in it,actually is deserving of an apology by the bullies.
February 23 at 10:16am · Like · 14
Jacqueline Maurone-Ballan Your wife kinda looks like Natalie Portman:)
February 23 at 10:18am · Like · 2
Atara Neuer Its about the precedant- if i write,”everyone is happy!come see whos smiling” should i expect a backlash from people suffering privately from depression and spending thousands on therapy and prescription meds?
February 23 at 10:20am · Like · 7
Marty Beckerman What if God just thinks some people would make shitty parents?
February 23 at 10:21am · Edited · Like · 3
Meir Taub What about “Everybody’s engaged!” also no good?
February 23 at 10:21am · Like · 2
Jacqueline Maurone-Ballan What about ” Everybody’s uptight!”? … Or would that offend relaxed people? People take themselves way too seriously. Life is too short
February 23 at 10:22am · Edited · Like · 7
Meir Taub What if Malya doesn’t like Natalie Portman?!
February 23 at 10:24am · Like · 1
Rivkah Jewski no mentioning of engaged and happily married people, it might offend the singles. Oh, and no mentioning of the heterosexual couples, it might offend gays. Don’t forget about sefardi-vs-ashkenazi sensitivities, and don’t you dare to mention any sefardi or ashkenazi traditions. And while at it, don’t mention anyone’s professional achievements, it might offend ….
In short, just shut up, smile, and don’t talk.
February 23 at 10:25am · Like · 6
Benji Lovitt I hate to be a Debby Downer here but at least two people on Google + are offended that they can’t access this conversation.
February 23 at 10:26am · Like · 7
Meir Taub Benji, we all know there aren’t 2 people on google+
February 23 at 10:27am · Like · 5
Rivkah Jewski BTW, William, great article, and I applaud you for your solid position on the simcha and the beauty of the family, albeit the Jewish family.
February 23 at 10:27am · Like · 2
Penny Klein Levy What I find most offensive is that you’re 42. Awful.
February 23 at 10:34am · Edited · Like · 1
Jacqueline Maurone-Ballan I’m offended that I can’t offend anybody
Chi if the hair is longer than six inches you can donate it for a tax deduction.
Chi:
http://www.amazon.com/Philips-Norelco-QG3270-Multigroom-Pro/dp/B004QWPIO6/ref=sr_1_1?s=hpc&ie=UTF8&qid=1393355677&sr=1-1&keywords=qg3270
Had to charge it twice in three years and blades cut fast and close. Great for ear hair and nose hair as well as goatee designing. I got it for $25 I think.
21- Street, tell me of one govt that is not in debt. I honestly have never heard of a govt not in debt. That’s why I made that statement. All this debt talk doesn’t matter, until a politician wants to make an issue of it. It’s like phoenix said, why does nj care about the debt now, you don’t just get to be billions in debt overnight. Same thing applies to our federal govt. You don’t just get to be trillions in debt overnight. Seems to me, govts intentionally run on debts.
Maybe it’s too much info, but it makes trimming the eyebrows a piece of cake too. Once I hit 40, it just crazy how hair started busting out in my ears and my eyebrows just went crazy. Maybe being bald on top is forcing the hair out in other places. Now I wait for my balls to hit the floor.
Where was Michael during the great depression?
By the way, I found a fantastic body shop (for older cars) in Bloomfield. Cash only, but it’s cheap, reallllll cheap. Snow banks caused havoc to the front bumper (both sides) of our CX-9. Geico estimated $1,100 to fix. Regal Collision fixed it like new for $123 in two hours. I wouldn’t use them for big insurance work, but for non-insurance work, the guy is a miracle worker. He’s the one who fixed my Civic after the hit and run for like $300. Thought it would have been 2K for sure.
Thanks for the reply, my answer would be most do sell bonds, but I would be interested in your answer to my original question. When is it too much?
31.Michael says:
February 25, 2014 at 2:21 pm
21- Street, tell me of one govt that is not in debt. I honestly have never heard of a govt not in debt. That’s why I made that statement. All this debt talk doesn’t matter, until a politician wants to make an issue of it. It’s like phoenix said, why does nj care about the debt now, you don’t just get to be billions in debt overnight. Same thing applies to our federal govt. You don’t just get to be trillions in debt overnight. Seems to me, govts intentionally run on debts.
Michael,
The arrival of central banks and fiat money that has facilitated the near universal adoption of government deficit spending and ongoing indebtedness. Along with Keynesian economics which in practice generally advocates it as an ongoing policy (because it has no model of the long run).
There have been many times in history where debt was only for wars, after which governments tried to pay it back. In the US, 1790 to 1917, that was the practice. Debt went up in the revolutionary and Civil wars, (not particularly high), then got paid down. FDR then Nixon & Reagan broke that pattern
http://en.wikipedia.org/wiki/File:Federal_Debt_Held_by_the_Public_1790-2013.png
Steve Sweeney recall campaign over ammo magazine capacity locked, loaded by gun rights advocates
http://www.nj.com/south/index.ssf/2014/02/gun_rights_advocates_launch_social_media_campaign_to_recall_steve_sweeney.html#incart_river_default
ChiFi [24];
I’m calling BS. A nascent trend already has a spin-off trend involving rather extreme measures just to follow the fad?
“Sometimes I am clean-shaven or it’s more scruff and sometimes I let it grow out,” Peter said. “At least I have choices, right?”
What kind of jacka$$ pays $10K for a beard transplant then shaves it off? TSTL.
@wonkmonk_: Stiglitz: “The U.S. will always pay its debt.” Krugman: “A country that borrows in its own currency can’t be forced into default.”
What our dear reader Michael fails to realize it is not the debt but the manipulation of it. 10 Trillion in asset price inflation by lowering the borrowing rate via manipulation. Conditions are ripe for another 1929. Only way out is for the Fed to go all in for another fresh round buying every piece of trash via a QE4. This time they will need to illegally buy equities and corporate bonds after all they already own the other bond markets.
The equivalent of 25 % of US GDP is now owned by the Fed. 4 trillion? Whatever happened to the Fed’s reverse repo program to drain the balance sheet, was it just a lie? The Fed and the US Congress now have no room to maneuver if and when another “liquidity” crisis follows an asset price crash, and 2008 was just a warm up for a real ass kicking.
http://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
Moose see our resident poster directly after that comment at #38 for an understanding of whom may need this procedure.
Michael,
I don’t think I ever said why are they worrying about it now as opposed to why were they not worrying about it before.
Watched a great documentary about Penn Station, funny how the Pennsylvania RR was willing to fund the whole project themselves, yet today a ball team expects taxpayers to fund their stadium…..
The hype today on TSLA is unbelievable. Consumer Reports says a $90,000 car is the best car out there! Unbelievable for all of these years I have been buying $20,000 to to 30 thousand dollar cars, woe is me…..
Also the garbage written by Morgan Stanley. They know they can’t justify the market cap as a car company, so now Tesla is in a $1 trillion lithium battery storage market, and they don’t even make batteries yet!
Tesla is rapidly becoming a future moneymaker for me.
34-it’s too much when logic states that it can’t be paid back anymore. Apparently, govts have no intention of ever being debt free. The writing on the wall says so. Clearly, debt should never go above a certain % of your revenue. Obviously, they could care less about the debt if they let it get to this level. It just makes me sick that not one govt is even close to being economically solvent, yet we fight over debt limits? My point is why do I care about a stupid debt limit on a debt that is not even possible to pay back. Come on who cares about a new debt limit on a debt that can not be payed back. It’s a waste of time, and clearly, the debt is being used as a political ploy on the public. The people in govt know the debt doesn’t matter. As krugman said, a country that borrows in its own currency can’t be forced into default. If debt did matter, you wouldn’t have every single govt on this planet in debt.
P.s. I’m not against a govt borrowing, but I really should be. Clearly they can’t handle it.
Thanks for the reply, my answer would be most do sell bonds, but I would be interested in your answer to my original question. When is it too much?
Krugman said so…. must be right.
22- This makes me want to cry. These people really make me sick. How do we protect our environment from these selfish, greedy, and no conscious bastards? Looking at stories like this, how can you trust the people running our govts and corporations? Sick bastards! No wonder they let our govt get into this kind of debt, they are all psycopaths with not an ounce of empathy for the future generations.
Dirty politics
http://www.nytimes.com/2014/02/25/nyregion/in-plan-to-dump-contaminated-soil-classic-new-jersey-politics-emerge.html
41- sorry, I took it the wrong way. Didn’t mean to put words in your mouth.
47 no harm no foul
Stu: When you are shaving the hair out of your a%% crack, is it hard to get the sh!t off it……just kidding…..thx much for the tip :)
Libturd at home says:
February 25, 2014 at 2:17 pm
Chi: Had to charge it twice in three years and blades cut fast and close. Great for ear hair and nose hair as well as goatee designing. I got it for $25 I think.
In my younger days I received an award from the older Bush and the EPA for environmental activism against Cyanamid. God knows what cancers I’ll get for crawling through their sewers to get samples of their waste water effluent.
Regarding beards, it looks like the ladies are deciding to forego grooming habits of last 20 years. Apparently, it clashes with hispter’s natural and organic approach to life:
Goodbye Waxing And Lasers, The Bush Is Back
“For years women have been convinced that p*rn star style waxing is what their other halves desire. But a new survey suggests it’s time to ditch the wax, lasers, and razors because, well, most women can’t be bothered, and their boyfriends don’t really care anyway. And celebrities are also giving up the topiary look: back in September actress Gwyneth Paltrow admitted that she “rocks a 70s vibe down there” on “The Ellen Degeneres Show.”
51 – http://www.virginmedia.com/music/pictures/toptens/sexiest-album-covers.php?ssid=8
Hah, great cover and great album. I read that was from Bi-centennial edition of H*stler
Government issuing debt in own currency can never default unless it decided to. NJ as any other state doesn’t issue own money, so it can default, though can’t declare bankruptcy.