So close!

Posted on November 10, 2016 by grim

NJ on the cusp of moving to the #2 position for foreclosure inventory. NY looks poised to take the #1 slot any month now. NY Metro Area continues to resolve.

From CoreLogic:

screen-shot-2016-11-10-at-6-24-37-am

screen-shot-2016-11-10-at-6-27-06-am

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

144 Responses to So close!

  1. Mike says:
    November 10, 2016 at 6:29 am

    Good Morning New Jersey

  4. Fast Eddie says:
    November 10, 2016 at 7:18 am

    On the train, bright and early, always doing my part to support the protester layabouts and the weak. All three branches are in our control. It’s morning in America!

  5. D-FENS says:
    November 10, 2016 at 7:34 am

    @Fabian_LH

    Here, in Venezuela, we protest to demand democracy.

    In the US, Union Square, they protest to reject it.

    Boy, have times changed or what?😐😂

  6. D-FENS says:
    November 10, 2016 at 7:35 am

    Hey Gary…calm down. No need to spike the ball.

  7. D-FENS says:
    November 10, 2016 at 8:09 am

    Mulshine has an explanation for what happened Tuesday. He’s been saying this from the beginning. I still can’t believe that States like Michigan and Wisconsin might actually have turned red.

    Both the politicians and the pundits were caught off base by the Donald | Mulshine

    http://www.nj.com/opinion/index.ssf/2016/11/both_the_politicians_and_the_pundits_were_caught_o.html#incart_river_home

  8. Ottoman says:
    November 10, 2016 at 8:12 am

    How quickly you forget Trump is really a democrat. Wouldn’t surprise me one bit if Ivankacare turns out to be single payer. Above all, he cares about legacy.

    It would be fun watching the Repubs take away healthcare from all the people who voted for them, though.

    Fast Eddie says:
    November 10, 2016 at 7:18 am
    On the train, bright and early, always doing my part to support the protester layabouts and the weak. All three branches are in our control. It’s morning in America!

  9. Alex says:
    November 10, 2016 at 8:23 am

    Fab,

    If you are at all familiar with Scientific American, then you would know they are totally in the global warming tank. Sadly, that magazine has become political and corrupted by the libs.

  10. Juice Box says:
    November 10, 2016 at 8:30 am

    A filthy rich family member who lives in California sent me this article on Facebook today.

    I gather he feels no responsibility for the issues this county has.

    https://www.washingtonpost.com/opinions/trump-voters-will-not-like-what-happens-next/2016/11/09/e346ffc2-a67f-11e6-8fc0-7be8f848c492_story.html

  11. chicagofinance says:
    November 10, 2016 at 8:33 am

    Charles Murray, in his enormously insightful book “Coming Apart,” examines the growing contrasts between the lives of ­upper-income whites and those of working-class whites.

    To illustrate his thesis, Murray offers a quiz for readers that includes such questions as “have you ever held a job that caused something to hurt at the end of the day?” He means “any part of the body that hurts because of physical labor,” and adds that “headaches don’t count, neither does carpal tunnel syndrome, nor does a sore rear end from sitting all day in front of a computer screen.”

    SEE ALSO
    Trump supporters rejoice as election swings their way 26
    Trump supporters rejoice as election swings their way
    Another question asks the reader to identify various military insignias and another asks whether you have any domestic beer in your refrigerator. Others want to know the education ­levels of your neighbors and whether any of your friends smoke cigarettes.

    Your score determines how much of a bubble you live in, which gets us back to the election. The cluelessness in media and political circles about the Trump voter surge confirms that the ruling class is cosseted deeply in its bubbles and isolated from the concerns of other Americans.

  12. chicagofinance says:
    November 10, 2016 at 8:35 am

    someone was willing to attach their name to this tripe? ack?!?!?!

    Juice Box says:
    November 10, 2016 at 8:30 am
    A filthy rich family member who lives in California sent me this article on Facebook today.

    I gather he feels no responsibility for the issues this county has.

    https://www.washingtonpost.com/opinions/trump-voters-will-not-like-what-happens-next/2016/11/09/e346ffc2-a67f-11e6-8fc0-7be8f848c492_story.html

  13. chicagofinance says:
    November 10, 2016 at 8:38 am

    WTF is this?

    “I like Republicans. I used to spend Sunday afternoons with a bunch of them, drinking Scotch and soda and trying to care about NFL football.”

  14. Lost says:
    November 10, 2016 at 8:45 am

    Exactly what I was afraid of. How can you just dismiss global warming/climate change and write if off? Our climate doesn’t change? Wouldn’t it be smart to understand our climate and how it is changing? But not to these idiots.

    Fabius Maximus says:
    November 10, 2016 at 6:40 am
    Scientific American is not exactly the bastion of the Liberal media.

    https://www.scientificamerican.com/article/trump-picks-top-climate-skeptic-to-lead-epa-transition/?wt.mc=SA_Twitter-Share#

  15. Lost says:
    November 10, 2016 at 8:52 am

    Our founding father’s believed in free market capitalism. Trump is claiming to put up protectionist measures in order to bring back factories and jobs to low skilled workers. You know who pays for that, everyone else that now has to pay more for products to keep those jobs here. Sounds pretty damn social!st to me, but I guess you don’t understand a damn thing about capitalism, social!sm, or globalization. If you did, you would know trump is full of it. He is never bringing back those jobs or factories, if he does, he will be practicing social!sm, and therefore be a social!st. Make no doubt about it, artificially forcing factories and jobs to help a certain group in a certain location at the expense of everyone else is social!sm.

  16. Lost says:
    November 10, 2016 at 8:57 am

    So this guy won the election on the basis of being a social!st, without ever being called a social!st once. Gotta love it. Proves people just defend their team to no end. Social!st democrats should be happy, they got their man in office. It will really come together when he implements a one payer system. You didn’t get bernie, but you got trump.

  17. Fast Eddie says:
    November 10, 2016 at 9:04 am

    Otto,

    Above all, he cares about legacy.

    Unlike Oblammy, right?

  19. Lost says:
    November 10, 2016 at 9:08 am

    So how is he going to bring those jobs and factories back without being a social!st? Riddle me this.

    Fast Eddie says:
    November 10, 2016 at 9:04 am
    Otto,

    Above all, he cares about legacy.

    Unlike Oblammy, right?

  20. Juice Box says:
    November 10, 2016 at 9:13 am

    chi – re: “someone was willing to attach their name to this tripe? ack?!?!?!”

    Chi – that family member is firmly ensconced in an over protective safe space bubble.

    1) California – Check
    2) Oodles of Money – Check
    3) Boomer Hippie – Check
    4) Self loathing of heritage and skin pigmentation – Check
    5) incapable of feeling satisfied – Check
    6) Wrote books nobody buys – Check
    7) incapable of even visualizing the other side of the coin? – Check

  21. Juice Box says:
    November 10, 2016 at 9:28 am

    re: “So how is he going to bring those jobs and factories back”

    Just like China got the jobs and factories to make cheap stuff in the first place. Forced labor camps for Liberals.

  22. Juice Box says:
    November 10, 2016 at 9:38 am

    Here is the reason why Hillary lost.

    Hillary won 4% LESS female voters than Obama in 2012.

  23. 3b says:
    November 10, 2016 at 9:41 am

    Saw something earlier thats making its way around. Ladies if you are so inclined better run out and get your I u d s. Trump is taking them away.

  24. Lost says:
    November 10, 2016 at 9:48 am

    I just realized this. There is not really much of a difference between Trump or Bernie. They are both for the same thing. Trump wants to bring back jobs and factories at the expense of the haves to give to the have nots. You can say whatever you want, but that is the only way the plan works. By taking from one, to give to the other, you are practicing social!sm. That’s the only way you bring back factories or jobs to these low skilled individuals who voted for trump.

  25. D-FENS says:
    November 10, 2016 at 10:02 am

    Another reason is that they’re sick of people calling them “low skilled individuals”.

  26. Fast Eddie says:
    November 10, 2016 at 10:05 am

    The market loves a business man and entrepreneur and so do I! Tax breaks and incentives for corporations sounds like “cha-ching” to investors!

  27. grim says:
    November 10, 2016 at 10:09 am

    There are lots of ways to bring back manufacturing jobs that do not include protectionism.

    Reduce the cost of energy, reduce transportation costs, reduce regulatory costs, reduce taxes, increase employee training/skill-set, provide incentives for automation and technology that allow for higher-productivity manufacturing operation, look to reduce raw materials costs.

  28. Fast Eddie says:
    November 10, 2016 at 10:10 am

    Anon puzzy,

    Where are you?

  29. grim says:
    November 10, 2016 at 10:11 am

    Do you know how expensive it is to roll an 18 wheeler across the GWB?

    You don’t think this impacts local businesses?

    It’s $105.00 for 5 axles, $126.00 for 6, cash rate. More than $200 bucks just to roll a truck across both ways. Imagine a business that needs to do this every day?

    $26,000 for the bridge.

  30. Flee? says:
    November 10, 2016 at 10:11 am

    NJ Excreta, I am talking about not using wild terms. You are the one using it.

    You take “day-trade” literally (yeah, I know the term and have been burned by it), but in the housing time-scales, making round-trip sales within a few months is more or less an equivalent of a day-trade of equities.

    You want to talk about down payments? I saved and paid 40% of loan (got it cheap, so close to 60% equity — we bought it when we both had jobs, unlike someone here that got a house with no jobs, but you have a MIL to get money from). Let’s say that the equity I have is more than your starter home’s worth. The money I saved for kids’ education (younger one is pre-k) is already close to the target of 2x tuition (400k — the last buy of 100 SPY on Monday AM pushed it to within 10k of target; I was going to buy, and Monday AM seemed like a good time to buy). I am a simpleton that learned the hard way that simply putting regular deposits in SPY is a reasonable strategy for time horizons of 10 years or more. I don’t even think about putting my emergency fund money in stocks. Oh, your net worth of 85% of 400k of a 1 bath condo with two kids is less than the salary + bonus of a many two income households (“low-wage” tech people). Two 150k salaries (one less, one more) and bonuses (one more, one less) push it above that (pre-tax, of course, so two years worth).

    I know, you didn’t have much money and no job while buying the house, and your plan for kids’ college is to make/fake no money so that you can suck on government teat. This is your “pedal to metal bread-winning period” and it is the same keep posting on NJ RE site!

    NJ Expat, with two young girls living you with, why is your obsession with making sexual references to an young girl under 10 years? Are you bitter that you have to rely on a 50k salary from wife and an allowance from MIL?

    Behind blue eyes lies an insecure potential child molester with an obsession of sex with young children and creepy behavior with his older daughter, and whose financial plan is to be a tax cheat and inheritance of money. Don’t worry, I am talking about the next President.

  31. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 10:15 am

    “Rock is dead. When you have Depeche Mode and Kraftwerk on the Rock and Roll Hall of Fame Ballot, you know all is lost.” — From last night.

    I can accept Kraftwerk.

  32. D-FENS says:
    November 10, 2016 at 10:17 am

    @iowahawkblog
    The flag burnings will continue until the rednecks stop being pissed off

  33. D-FENS says:
    November 10, 2016 at 10:19 am

    @iowahawkblog
    Imagine if CNN hired a bunch of people who’ve never been out of West Bumfcuk Ohio to explain how New Yorkers think

  34. Trumpito says:
    November 10, 2016 at 10:27 am

    All Trump has to do is read some geeky websites and talk with Musk, Page & Brin and he’ll know.

    Interstate Highway Act 2.0 – Who needs planes and trains. Your electric car doing 125mph in autopilot with the roads help, getting its energy from conductive electricity transfer in a buried wire on the road (how a Oral B toothbrush charges).

    Smart Energy grid – Musk would love this. Electricity generating self-heating for snow removal tiles, powerful batteries at home, small underground street vaults (what the phone company & power company uses for their equipment) that have natural gas operating fuel cells that generate electricity – all in a smart grid. Who needs a big power station, and those ones can be new standards safe nuclear.

    FAA – Smart ATC, it has been in planning stages for 10+ yrs, no money. Your plane airport to airport in fastest, safest direct route, no need for a 20 minutes approach. Add new airport runways standards and facilities.

    The Hyperloop – talk to Musk again NY to LA in 4 hours. How about a hyperloop network. How about hyperloop big enough that act as ferries – Want to take a weekend ride to the Grand Canyon, take your car in Hyperloop Ferry to from the Hunterdon County Station to the outside of Flagstaff station.

    The Mars/ Interplanetary shot – Talk to Musk again – Space X to Mars and beyond.

    I’m very optimistic. Because he has the Vision Thing, The ability to execute (look how he outsmarted the Clinton BS Machine), and the Ego to want things built. Trump is another Robert Moses, but on steroids.

  35. 3b says:
    November 10, 2016 at 10:28 am

    Lost typical of you. Low skilled? Says who? Are you so arrogant you think you can’t be replaced? Are your skills that much in demand? Your thought process indicates otherwise. You feign compassion for the little guy and supposedly hate the fat cats but you don’t believe we should even attempt to bring back manufacturing jobs? And if that means we pay more if its a high quality product then we should be happy to do that.

  36. Ben says:
    November 10, 2016 at 10:29 am

    Our founding father’s believed in free market capitalism. Trump is claiming to put up protectionist measures in order to bring back factories and jobs to low skilled workers.

    Lost….

    The 2nd bill George Washington signed was to put tariffs in place. You have no idea what you are talking about.

  37. Fast Eddie says:
    November 10, 2016 at 10:32 am

    D-FENS,

    No need to spike the ball.

    Who has time to spike the ball when you’re running up the score! ;)

  38. Trumpito says:
    November 10, 2016 at 10:33 am

    All these at a time where sociologically and economically. The country and the humanity seems stuck in a rot. At these type of time. Is when the “vision thing” and “execution thing” along with the “ego thing” are key.

    Another plus – Pragmatic with no ideology, except get it done and make me proud.

  39. 3b says:
    November 10, 2016 at 10:37 am

    Ben Americans ate notoriously ignorant when it comes to history both ours and the world in general. And yet history is deemed not important. So wrong.

  40. Fast Eddie says:
    November 10, 2016 at 10:38 am

    Trumpito,

    Why are you attempting to inject pragmatism and optimism when there’s a protest for more b1rth control pills in full swing?

  41. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 10:45 am

    Hillary won 4% LESS female voters than Obama in 2012.

    You can blame Bill’s impeachment for boinking the interns for that. It’s funny. According to the left, Trump was supposed to be the misogynist, yet they were essentially supporting an arranged marriage.

  42. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 10:47 am

    Eddie can spike the ball all he wants. It might help him and the rest of the deplorables discover that the ball was intentionally deflated. I hope America’s greatness surpasses the last 8 years of hope and change.

  43. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
    November 10, 2016 at 10:53 am

    Jesus, this board has been busy in the last 24. So much red meat but I have to restrict my diet (literally and figuratively).

    Saw that Rory posted a very gracious paen to compromise and civility before getting somewhat snarky again. Fair enough, I’ll try to play nice too.

    I think we are being a bit harsh with flee. I don’t see him in the mold of footrest or twitiot, two trolls that I’d like to see shot in a counter protest.

    DFENS post on protesters in Venezuela and Union Sq is the post of the day.

  44. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
    November 10, 2016 at 10:53 am

    Jesus, this board has been busy in the last 24. So much red meat but I have to restrict my diet (literally and figuratively).

    Saw that Rory posted a very gracious paen to compromise and civility before getting somewhat snarky again. Fair enough, I’ll try to play nice too.

    I think we are being a bit harsh with flee. I don’t see him in the mold of footrest or twitiot, two trolls that I’d like to see shot in a counter protest.

    DFENS post on protesters in Venezuela and Union Sq is the post of the day.

  45. D-FENS says:
    November 10, 2016 at 10:56 am

    Lots of people tweeting the “Dow hits lifetime high” screengrab on fox business network as they cover Trump’s plane landing in Washington DC to meet with Barack Obama.

  46. Juice Box says:
    November 10, 2016 at 10:58 am

    Adam Curtis’s Hypernormalisation (2016) trailer.

    “the liberals were outraged with trump…they expressed their anger in cyberspace, so it had no effect..the algorithms made sure they only spoke to people who already agreed”

    https://streamable.com/qcg2

  47. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:00 am

    The market is moving up mainly due the removal of uncertainty. Some would also argue that a Trump presidency will be a lot better for big business. I think the president has zero impact on the market.

  48. HEHEHE says:
    November 10, 2016 at 11:02 am

    Just bought some KOL. Looks like he’s putting some climate change denying nut in charge of the EPA.

  49. Juice Box says:
    November 10, 2016 at 11:02 am

    Save the Robots!

    Robots endanger up to two-thirds of emerging economy jobs: UN

    https://finance.yahoo.com/m/6e3dc0b5-b3ee-3123-bd38-07e438e70a7e/ss_robots-endanger-up-to.html

  50. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:04 am

    Juice. I tried to calm down a whole bunch of my friends that this could very well happen. I used the same arguments that have been repeated umpteen times here. To no avail. It shouldn’t be long before they start complaining about how many vacation days Trump takes.

    In one FB thread, there was a teacher who wrote, how am I ever going to explain this to my students. I so wanted to rip her to shreds, but it was a friend of a friend and I didn’t want to create those waves. If this teacher ever taught my son, I would do everything in my power to have her removed.

    The divisiveness is so stupid. President Trump. We deserve this!

  51. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:05 am

    Grab a barf bag.

    “Does anyone know of a love rally in Montclair? I would like to process this election with my children in a safe place, with our neighbors and friends. Please do not comment with any political conversation. I am looking for something local that I can bring my little ones to, that celebrates love. TIA.”

  52. Flee? says:
    November 10, 2016 at 11:06 am

    Juice,

    Best way to punish the arrogant wealthy liberals has two major steps that the “MAGA” crowd is supporting but don’t seem to be working: (a) punish them by cutting their taxes and (b) punish their children by reducing/eliminating inheritance tax.

    I think the best way to make them stop talking completely, we should do this: (c) force them to leave the country by cutting taxes on wealth movement to some countries. Make them flee with their filthy money!

    Here’s my call… In 50 to 100 years, Australia may be the place to be. They may thank the MAGA crowd!

  53. Comrade Nom Deplorable, just waiting on the Zombie Apocalypse. says:
    November 10, 2016 at 11:06 am

    Saw this clip of Raddatz very clearly on the brink of bawling but ABC flack says “ridiculous and untrue”

    https://www.yahoo.com/tv/abc-news-martha-raddatz-gets-choked-over-donald-150835094.html

    The guy might as well say ” Who are you going to believe? Me or your lying eyes?”

  54. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:07 am

    On the bright side, I think the pussifaction of America has taken a temporary vacation along with the serial tweeter. Maybe he offed his simple self. We can be hopeful.

  55. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:09 am

    Anyone want to take a bet? I think Gitmo will be closed before the first illegal is deported. Any takers?

  56. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:10 am

    I so want to respond looking for a hate rally in Montclair.

  57. Fast Eddie says:
    November 10, 2016 at 11:15 am

    Steam,

    Omg, that Montclair love-fest rally is killing me! lol!

  58. HEHEHE says:
    November 10, 2016 at 11:15 am

    I watched more cable news the past 48 hours than in the past 5 years.
    Is it any wonder this country so split with the tailored “news”, basically hit pieces, meant to foment each “side”.
    That Maddow is as much of a wingnut as Limbaugh.

  59. HEHEHE says:
    November 10, 2016 at 11:21 am

    Another thing is do you really think Trump, a dude from NYC, is actually going to put a judge in place to overturn Rowe v. Wade and gay marriage? Seriously? He’s a businessman. He’s not going to do something that would kill his business or brand.

  60. HEHEHE says:
    November 10, 2016 at 11:24 am

    “Anyone want to take a bet? I think Gitmo will be closed before the first illegal is deported. Any takers?”

    Exactly!

  61. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 11:38 am

    I have tons of gay friends. They all act they are about to be horded into cattle cars. Now I know where the stereotype of the drama queen comes from.

  62. Juice Box says:
    November 10, 2016 at 11:46 am

    Lib – tell your friends that Trump grew up in Queens.

    Then send them this.

    http://tinyurl.com/hj6ljub

  63. ben says:
    November 10, 2016 at 11:50 am

    Any teacher that gives their opinion on this deserves to be fired…regardless of that opinion. Politics has no business in the classroom. I teach kids to think for themselves properly. Not how to think.

  64. The Original NJ ExPat says:
    November 10, 2016 at 11:55 am

    Here’s a great site for tracking climate change (but I still call it weather): http://weather.com

  65. The Original NJ ExPat says:
    November 10, 2016 at 11:58 am

    I heard some BS out of San Francisco this morning that school children are comparing the skin color of their arms to figure out who is going to be deported first.

    I have tons of gay friends. They all act they are about to be horded into cattle cars. Now I know where the stereotype of the drama queen comes from.

  66. The Original NJ ExPat says:
    November 10, 2016 at 12:04 pm

    It’s ironic that giving lip service to overturning Rowe v. Wade was probably one of the biggest whoppers that Trump ever put out there, yet that’s the one the libs want to ascribe as gospel truth.

    Another thing is do you really think Trump, a dude from NYC, is actually going to put a judge in place to overturn Rowe v. Wade and gay marriage? Seriously? He’s a businessman. He’s not going to do something that would kill his business or brand.

  67. D-FENS says:
    November 10, 2016 at 12:12 pm

    I don’t know why they think Trump was an anti-LGBT candidate. Maybe they just parroted this talking point out of tradition because it stuck with other Republican candidates.

    STEAMturd questioning the gender of Hillary’s Meaty Cankle fluid. says:
    November 10, 2016 at 11:38 am
    I have tons of gay friends. They all act they are about to be horded into cattle cars. Now I know where the stereotype of the drama queen comes from.

  68. The Original NJ ExPat says:
    November 10, 2016 at 12:12 pm

    I was listening to Carl Icahn being interviewed on Bloomberg yesterday. He claimed that there is no real growth in this country because the government has been waging war on business with over-regulation and uncertainty about future taxes and regulation, making business afraid to spend any money on any economic expansion.

  69. HEHEHE says:
    November 10, 2016 at 12:13 pm

    “I teach kids to think for themselves properly. Not how to think.”

    Which is what parent’s should be doing so they don’t wonder “what am I going to tell my kids” when THEIR candidate doesn’t win . I understand imparting values. That’s quite different than a political dogma.

  70. D-FENS says:
    November 10, 2016 at 12:15 pm

    Milo Yiannoppoulis
    Peter Theil
    Jim Hoft

    …all gay and huge and vocal supporters of Trump.

  71. grim says:
    November 10, 2016 at 12:17 pm

    Hasn’t Trump lived in NYC his whole life?

    Just sayin’ is all.

  72. HEHEHE says:
    November 10, 2016 at 12:18 pm

    “I don’t know why they think Trump was an anti-LGBT candidate. Maybe they just parroted this talking point out of tradition because it stuck with other Republican candidates.”

    That’s 100% the case.

    I just performed a gay wedding this September. My brother and his longtime, 17 years, boyfriend. I got an online ministry and set it up with Ohio.

    They both hate Trump but neither one of them even thinks that overruling gay marriage is even number 1 million on Trump’s agenda.

  73. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 12:25 pm

    I wish I wrote this.

    https://www.theguardian.com/commentisfree/2016/nov/10/democrats-working-class-americans-us-election

  74. Ben says:
    November 10, 2016 at 12:25 pm

    HEHEHE,

    Coal was screaming a huge buy at the beginning of the year. Bought into ARLP last December and it basically is giving me 20% off my original investment in dividends and jumped nearly 100%. It’s the best of all the coal companies because it was still very profitable despite the onslaught against the industry. Coal prices have risen from the lows so we’ve seen come gains throughout the year. Maybe me much more ahead of us though. In an environment where Stocks in general are at all time highs, it’s always best to look for industries beaten down during that time.

  75. Now Spanky, be reasonable says:
    November 10, 2016 at 12:27 pm

    Am I the only person who thinks Trump has been playing everybody the way Itzhak Perlman would play a Stradivarius? I fully expect a Trump presidency to be very, very different from the Trump candidacy.

  76. HEHEHE says:
    November 10, 2016 at 12:27 pm

    Ben,

    Yeah not the best time of year to buy coal stocks given heading into winter as there’s likely an annual uptick priced into the price but I see lots of upside if Trump guts that Paris deal.

  77. HEHEHE says:
    November 10, 2016 at 12:27 pm

    FYI I am no stock expert

  78. Flee? says:
    November 10, 2016 at 12:28 pm

    Lib,

    Here is the list of things:

    1. Deportation — won’t happen (will be down even compared to deportations under Obama). Why kill the golden goose base issue that gets the votes?
    2. Obamacare — all the good things that benefit upper middle class people (caps on maximum out of pocket) will remain. All things that benefit the poor (subsidies) will be gradually cut.
    3. National confidence will be down. The damage is already done! In four or eight years, the left will elect a charismatic person again that will make the loony right feel is an illegitimate president. Loony right thought Bill Clinton’s presidency was not legitimate; loony left thought GWB was “selected” by supreme court; loony right thought that Obama’s presidency was illegitimate; loony left likely feels that this election was rigged by FBI, wikileaks, and Russia. Twenty four continuous years right after the US became the sole super-power where the divides have been deepening (may be it was like that always, my US experience covers only this much). The next four years will be the same.
    4. HRC was felled by small cuts here and there, not enough passion and belief among her supporters, and the final death blow came from her own over-confidence and inability to see obvious signs of trouble. I won’t rule out the possibility that US is taking the bait.

  80. grim says:
    November 10, 2016 at 12:33 pm

    Am I the only person who thinks Trump has been playing everybody the way Itzhak Perlman would play a Stradivarius?

    I said there would be a massive pivot to the center from Trump, a few times, and I’ve got egg on his face because he seems to not be pivoting as expected.

  81. D-FENS says:
    November 10, 2016 at 12:38 pm

    CNN now predicting Trump will have won the popular vote once all the final votes have been tallied.

  82. Ben says:
    November 10, 2016 at 12:44 pm

    Climate change is real and always occurring. Unless you have the ability to control the amount of energy the sun is giving off, this will always be the case. The wonderful thing about biology is that we have organisms and crops that can adapt to just about any temperature fluctuation that may occur. Beyond that, the theorized changes in sea level would happen on such a slow time scale (decades) that readjusting infrastructure to any changes like that would be incredibly easy. While climate change is real, the hysterics that go along with it’s affects are completely overblown. Beyond that, these disingenuous people who proclaim disaster never consider the benefits of a warmer climate.

  83. HEHEHE says:
    November 10, 2016 at 12:46 pm

    “CNN now predicting Trump will have won the popular vote once all the final votes have been tallied.”

    What will Maddow and the little white dude with the Foster Grants have to whine about now?

  84. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 12:47 pm

    Flee? You are still looking through the lens of the left on many of those.

  85. HEHEHE says:
    November 10, 2016 at 12:53 pm

    I don’t believe the answer to climate change is signing a treaty that decimates an industry like coal where it is the primary employer in huge swaths of the country and you aren’t in turn going to provide some sort of compensation for the job displacement.

    I also don’t see why I am supposed to listen to Leo DiCaprio as an expert on the topic when he’s flying all over the world on private jets and yachts with his entourage and harem.

  86. Ben says:
    November 10, 2016 at 12:55 pm


    If I get time, I’m going to go through a bunch of coal stocks. That industry is so beaten down there have to be a few good buys there, unless of course, we believe we’ll never burn coal again.

    I wrote that near the beginning of the year. Coal definitely came back. I’d say, Trump is definitely a further positive for that along with rising coal prices. However, if the global economy tips into recession, that’s a negative so I’m probably neutral on it. That being said, ARLP is yielding 7%. It’s wonderful to be neutral and collect 7% while you wait.

  87. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 1:17 pm

    Ben…IMO, what brought coal back was the increase in oil prices from 30 to 50 a barrel. That play is probably mostly over. It’s time to reward big business. I’m guessing the Phillip Morris’ will do quite nicely over the next few years.

  88. Now Spanky, be reasonable says:
    November 10, 2016 at 1:25 pm

    Tactically, I think Trump and his campaign chairman were brilliant. That pivot towards the center has been done by Republican candidates in the past and then the candidates fell short on election day – mostly because the Democrats stayed true to their candidate and didn’t fall for the pivot. I am waiting to see what Trump tries to get done first after he is sworn in.

  89. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 1:33 pm

    Trump was less brilliant than the DNC was dumb. That is what will eventually come out of this. Trump was right when he told the DNC that their opposition to Bernie would spell his victory. I give Trump major props there. The Left was too dense and elitist to see it (or perhaps to admit it). Lots of those Bernie supporters (who were essentially the same as the Occupy movement) were so disenfranchised by the DNC that they chose not to vote. I could not support HRC after the DNCs actions. I see that I was not alone. Trump supporters should not gloat, neither should Republicans. Their party was hijacked by a buffoon. But fear not. The DNC won’t learn from their mistakes and you’ll get your chance in 2020 to forward a more conservative agenda. Unless of course, you fall back on dumb, religious ideals that the majority is clearly against. Like anti-abortion and anti gay marriage stances. Notice, Trump didn’t go near these items, hence, he’s not a Republican. The question is, does he support trickle down or is he going to share. Knowing his business history, the rich will once again get richer and the middle class will pay for it.

  90. No One says:
    November 10, 2016 at 1:49 pm

    The question is – will Dems turn even harder left? That seems to be where their intellectuals and leaders are coming from, so I think they will. Bill C seems to be a historical aberration in the trend of Dem leaders, which even Hillary wasn’t following.
    Mainstream Dems would have run from BLM 20 years ago, soon I expect they will be leading the party, supported by the vocal drones infesting universities.

  91. joyce says:
    November 10, 2016 at 1:57 pm

    Trumpito,

    I can’t imagine anything grand happening as long as the NIMBY sentiment is as strong as it is.

  92. Now Spanky, be reasonable says:
    November 10, 2016 at 1:58 pm

    I agree that the DNC made a huge mistake putting Hillary on the ticket – too much baggage and unlikeable. Trump did come out saying he thinks abortion is murder, which brought a lot of pro-lifers on his side. And I wouldn’t say Trump is a buffoon, rather that he doesn’t mind playing one. He is clever. The one thing I am happy about is that Rand Paul is going back to congress. Bernie supporters were right to stay home – screw the party that screwed them.

  93. No One says:
    November 10, 2016 at 1:59 pm

    Hear these stories about women buying IUDs to get an imagined jump on Trump?

    Similarly, Anon better buy more butttt plugs now because I heard someone say that Trump is going to ban them soon, possibly forcing him to resort to cucumbers and kielbasas. Also adult diapers, in case he never stops shitting himself.

  94. Flee? says:
    November 10, 2016 at 2:01 pm

    Unless you have the ability to control the amount of energy the sun is giving off, this will always be the case. The wonderful thing about biology is that we have organisms and crops that can adapt to just about any temperature fluctuation that may occur. Beyond that, the theorized changes in sea level would happen on such a slow time scale (decades) that readjusting infrastructure to any changes like that would be incredibly easy.

    Ben, with all due apologies, knowing that you are likely a great HS teacher, this is where some more detailed analyses is important even to get started. It is not a simple, linear system — complex factors like rainfall patterns, crop yields, geopolitical issues, related ethnic tensions and violence, collapse of small economies, new trade routes coming up, will crush economies. I am not good at math, but this involves long-term estimates from a highly turbulent system (climate simulation models), mixing it with local level effects (meteorological models), doing nonlinear chemistry (air quality models with heterogeneous emissions), linking them to stochastic economics forecasting models, expert statisticians, sociologists, etc….

    I think they are super-smart, highly paid individuals, but most ended up predicting 90+% odds of HRC winning MI, PA, and Wisconsin (all three states); a random monkey would have predicted way way better! The fall back is not to go back to that random monkey, but to improve our understanding. Sorry, if it sounds elitist, but some problems are really hard to understand (let alone solve).

    There are too many people taking a single ML course on Coursera and think they can solve hard ML problems — and sometimes some pointy haired boss will ask people working on those problems “why can’t you just use the open source tool to solve the problem”, this guy used the tool and says he can solve the problem in less than a week! Given the confidence with which people offer simplistic solutions (“fix quota for every country — so, if Austria sends only 2 h1b’s, every other country should have only two h1b’s each”; or “cut 1% from the budget every year, and we will solve many problems in a few decades”; or “vote NO on Q2 to ensure no new taxes”), sooner or later enough people will believe it to make it a real problem!

    If the US was not able to handle a simple thing like addressing the impact of automation and movement of manufacturing jobs (I think even the Chinese are losing jobs to automation in manufacturing), how will they address a much more complex problem like mitigating the impacts of Climate Change (build the wall(s)? around the coast)?

    Yeah, climate change is a hoax (next President), smoking doesn’t kill (next VP), and gay marriage causes hurricanes (a major evangelist power figure).

    I don’t try to speculate on how stocks will do in the short-term (for me that is about five year horizon; when I saved for downpayment, I sadly watched markets go up but didn’t move the main money away from CDs because that was a simple rule — I did try some speculative buying with smaller amounts and lost all the money; again, to the finance experts here, I am just saying what worked for me and what didn’t; I am not telling anyone what to do!). My time horizon for what is good for the children is at least twenty years or more.

    I am not 100% sure anymore that US will have major problems within this time frame (it may be 99.99% or more — I am not good at math, but the difference is above the threshold); my longer term investment plans, after we are done with basics of kids’ education, will likely focus on non-US investments.

  95. No One says:
    November 10, 2016 at 2:02 pm

    I found out what Anon the lefty twitter-follower has been doing the last couple of days:
    https://www.youtube.com/watch?v=L7hKbNyawHs

  96. HEHEHE says:
    November 10, 2016 at 2:03 pm

    The current US debt is $19 Trillion.

    Trump, Ryan and McConnnel claim they have a mandate from this election.

    They are going to do the same stupid gimmicks Reagan and Dubya did – cut taxes with no corresponding spending cuts and pile on more money onto the national debt.

    The Dems would just raise taxes AND spending and pile $ onto the national debt.

    How I yearn for the days when it was just an argument between the two over the right amount to tax and spend; before they developed the false belief that they can do whatever they want because they can always borrow to fill the gaps.

  97. 3b says:
    November 10, 2016 at 2:08 pm

    One can be pro life and yet acknowledge that abortion is legal. What is infuriating about the left is that they insist that you agree abortion on demand is fine.

  98. 1987 Condo says:
    November 10, 2016 at 2:41 pm

    Sold the 16 year old mini van for Subaru Forester with that fancy eyesight safety system.

    Getting 28 MPG mixed before engine is broken in, Adaptive Cruise Control does make a difference, no more braking, resetting, it is all handled. Pretty good.

  99. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 2:42 pm

    The question is – will Dems turn even harder left? From initial reactions by the tried and true, the strategy will be to maintain the blinders and play hardball. A huge mistake. But we all know they drink the Kool Aid. As for abortion, try to overturn Roe v. Wade at the risk of a Civil War that would make MLK look like Kanye West.

  100. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 2:42 pm

    What did you pay?

  101. 3b says:
    November 10, 2016 at 2:45 pm

    Petition on Facebook to get electoral college to change their votes to trump. Leftist democracy??

  102. Fabius Maximus says:
    November 10, 2016 at 2:48 pm

    I think it will be a case of Trump will be all State dinners and the face of the nation and it will be down to Pence to actually run the country. So as usual it will be repeal OCare and abortions bills straight out of the gate from congress. The big question will be if Trump will wield the veto pen.

  103. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 2:53 pm

    Who was the last VP to run the country?

  104. Fast Eddie says:
    November 10, 2016 at 2:54 pm

    Pence in 2020 – I just have a feeling. Trump will be 74 and Pence will be 61. I just have the feeling that Trump will pass the baton and let him continue with the recovery.

  105. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 2:55 pm

    TNX at 2.12. Hope everyone locked in their 15 and 20 year mortgages. Barring a recession, you might have to wait a while to get the best deals.

  106. joyce says:
    November 10, 2016 at 3:04 pm

    Will the filibuster rule go away during the next senate session?

    Fabius Maximus says:
    November 10, 2016 at 2:48 pm
    I think it will be a case of Trump will be all State dinners and the face of the nation and it will be down to Pence to actually run the country. So as usual it will be repeal OCare and abortions bills straight out of the gate from congress. The big question will be if Trump will wield the veto pen.

  107. 1987 Condo says:
    November 10, 2016 at 3:04 pm

    Premium, Eyesight, $27k

  108. The Original NJ ExPat says:
    November 10, 2016 at 3:06 pm

    I wonder if Robby Mook is wearing a gimp suit with ball-gag inside a trunk in Chappaqua.

  109. 1987 Condo says:
    November 10, 2016 at 3:06 pm

    I agree with Gary on Pence in 2020

  110. HEHEHE says:
    November 10, 2016 at 3:12 pm

    I just read some of their planned maneuvers on Zero Hedge. Does not look good.

  111. Fast Eddie says:
    November 10, 2016 at 3:28 pm

    HEHEHE,

    Does not look good.

    Explain. What doesn’t look good?

  112. STEAMturd questioning the gender of Hillary's Meaty Cankle fluid. says:
    November 10, 2016 at 3:37 pm

    Pence only works if Trump doesn’t screw up. This is Trump we are talking about.

  113. Flee? says:
    November 10, 2016 at 3:51 pm

    3b What is infuriating about the left is that they insist that you agree abortion on demand is fine.

    See, it is not correct. Now, if someone gives a detailed answer, it may look “elitist”. If even a single person gives a rude answer, you may end up with a belief that “the left is also also rude”. Your leader said that babies are ripped from wombs minutes before birth and people believed it! Answering it becomes like trying to answer a question of “when did you stop beating your wife”.

    This is like someone whose job got outsourced by management team headed by his cousin feeling superior to the cousin because his favorite sports team beat the sports team his cousin likes! At least the cousin’s sports team sucks! Go sports team! Other team supporters are such losers that they picked the wrong color for their Ferraris!

  114. Fast Eddie says:
    November 10, 2016 at 3:54 pm

    Flee,

    1) Speak English
    2) Post using your original handle

  115. HEHEHE says:
    November 10, 2016 at 4:09 pm

    “Explain. What doesn’t look good?”

    You see a single new idea in that list.

    You see them addressing the cost of anything in that list?

    You see them proposing saving money anywhere on that list?

    The idiots are so out of touch they are talking about spending more money on defense.

  116. HEHEHE says:
    November 10, 2016 at 4:18 pm

    What happened to his bringing back Glass Steagall?

  117. Flee? says:
    November 10, 2016 at 4:22 pm

    Eddie, sorry, didn’t know you had problems with reading “big words” that show up in popular science articles. And, it seems you don’t have the computer literacy to figure out who I am (hint, you shook my hand at a GTG).

    You seemed less bitter at that time when you had job uncertainty. Why are you still bitter? You upgraded your house (while trashing the housing market), your favorite red team won big, your job seems stable, and you are still bitter? Given your strong claims of “conservative views”, I suspect what you are seeking is not to be found from money, or career, and not even from the broad-shouldered leader.

    I suspect what you need is overcome jealousy — jealousy that Eddie feels when he became Slow Eddie instead of Fast Eddie because Eddie wasted his life on njrereport.com

  118. Fast Eddie says:
    November 10, 2016 at 4:31 pm

    Lol… sure, that’s it.

  119. Fast Eddie says:
    November 10, 2016 at 4:34 pm

    It was your last post that was meandering, not the so-called science one.

  120. Juice Box says:
    November 10, 2016 at 4:37 pm

    re: “What happened to his bringing back Glass Steagall?”

    Regulations? We don’t need no stinking regulations.

    “People close to Mr. Trump have said he is considering Steven Mnuchin, a former Goldman Sachs Group Inc. banker who became his national campaign finance chairman in May, as his pick for Treasury secretary. If tapped for the job, Mr. Mnuchin would become the third Goldman alumnus in the past 20 years to head the Treasury, following Robert Rubin and Henry Paulson, who both served as the bank’s chief executive.”

    http://www.wsj.com/articles/donald-trumps-financial-advisory-team-stocked-with-wall-streeters-1478730578

  121. HEHEHE says:
    November 10, 2016 at 4:43 pm

    Making The Same Moneyed Interests Great Again

  122. 3b says:
    November 10, 2016 at 4:49 pm

    Flee first off he is not my leader. For better or worse he will be my president just as Obama was. Second of all my comment had nothing to do with trump. As previously noted I said if abortion is the law of the land than that’s it. Period. My point was and remains that many leftists do not consider that to be enough but rather we must say it’s fine simply like any other elective procedure. If we say we believe it to be the killing of an unborn child it infuriates them. We accept your right to have an abortion. Respect our right to morally or ethically wrong. That was and is my point.

  123. HEHEHE says:
    November 10, 2016 at 5:00 pm

    This is as bad as the Obama first term. Hope and Change quickly turned into rearrangement of the chairs on the Titanic as soon as his economic team was mentioned. Making American Great again is apparently Republican for Hope and Change.

  124. Flee? says:
    November 10, 2016 at 5:37 pm

    many leftists do not consider that to be enough but rather we must say it’s fine simply like any other elective procedure. We accept your right to have an abortion. Respect our right to morally or ethically wrong. That was and is my point.

    Where do things like picketing abortion clinics, shutting down abortion clinics via state laws, and bombing abortion clinics fit in the picture? Recently, there was an Indian woman in Ireland whose late term fetus had some condition where it wouldn’t survive, doctors told that if it wasn’t aborted both would die. Hospital refused permission for abortion and both died. Things are complex…

  125. Steamturd thinking about the remains of Hillary's umbilical stump says:
    November 10, 2016 at 5:46 pm

    Nothings been picked. Have we not learned anything about trusting the media in the last two days?

  126. 3b says:
    November 10, 2016 at 5:50 pm

    Again flee you are consistent. I made a point you refused to answer it but rather diverted it. As for the case in Ireland I am quite familiar with it. It was tragic. However abortion in Ireland is illegal under any circumstances had the doctors performed it they would have been arrested. Things are complex. What would you have done were you the doctors in Ireland?

  128. Ben says:
    November 10, 2016 at 6:46 pm

    Ben, with all due apologies, knowing that you are likely a great HS teacher, this is where some more detailed analyses is important even to get started. It is not a simple, linear system — complex factors like rainfall patterns, crop yields, geopolitical issues, related ethnic tensions and violence, collapse of small economies, new trade routes coming up, will crush economies. I am not good at math, but this involves long-term estimates from a highly turbulent system (climate simulation models), mixing it with local level effects (meteorological models), doing nonlinear chemistry (air quality models with heterogeneous emissions), linking them to stochastic economics forecasting models, expert statisticians, sociologists, etc….

    No analysis is needed. The timescale for climate change is incredibly slow (over centuries). Models are just that…models. They are all very simplistic and flawed. These other sciences suffer from what we call “Physics envy”. You can’t predict anything when all these chaotic factors are in play. I don’t care if you took the 100 smartest people in the and put them in a room. Still won’t happen. And to my bigger point…it doesn’t matter what will happen.

    But as far as your post goes, I think you exceeded your buzzword limit for the month.

  129. The Original NJ ExPat says:
    November 10, 2016 at 7:00 pm

    I’m pretty sure fleabag likes his drivel so much he can only type with one hand.

  130. 3b says:
    November 10, 2016 at 7:20 pm

    Flee refuses to answer simple questions. By diversion he attempts to define how intelligent he is.

  131. Ben says:
    November 10, 2016 at 7:22 pm

    If the US was not able to handle a simple thing like addressing the impact of automation and movement of manufacturing jobs (I think even the Chinese are losing jobs to automation in manufacturing), how will they address a much more complex problem like mitigating the impacts of Climate Change (build the wall(s)? around the coast)?

    No one needs to handle automation. Even with automation, there could be plenty of jobs to bring back domestically. Protectionism against countries that employ labor at insanely low wages is necessary to close the trade gap. An incredible amount of bad things comes out of this one way street. And right now, the only way the money comes back is when the Chinese come in and swoop up real estate all along the West coast driving prices up to insane levels. That gives the left another thing to bitch about…but of course, they blame the wrong people again.

    You want higher wages? You need to have trade barriers with China and mexico. Free trade only works when people are at the same standard of living. The trade agreements in their current form are 1 way streets that only serve to send wealth out of the country.

  132. HEHEHE says:
    November 10, 2016 at 8:18 pm

    We’ll see what happens with the cabinet.

  133. Essex says:
    November 10, 2016 at 8:26 pm

    Condo, congrats! Do you plan to change the oil after the break-in of the engine? Am I nuts for wanting to dump the oil at $2k miles??

  134. Nwnj3 says:
    November 10, 2016 at 8:36 pm

    Flea sounds like a half educated soci@list. Would be a commissar next to the riff raff on the street.

  135. The Original NJ ExPat says:
    November 10, 2016 at 9:17 pm

    Every new car I’ve ever owned I drive it like I stole it for 1500 miles and then change the oil. If it’s a manual I don’t punish the clutch on launch, but I have no qualms of doing red-line shifts with less than 20 miles on the vehicle. I’ve only lost one engine in my life and that was a missed shift on a race car (2nd gear after redlining 3rd – ouch). It was my own car and I knew it well, all on me.

    I’ve had several cars now where I have had the opportunity to drive the same car broken in by a different owner (probably more gently) and there was no doubt that the power and acceleration was down compared to my identical vehicle. Nobody breaks in a race engine for 30,000 miles gently before taking it out on the track, right? Back when I was in a Miata club, we had a dyno day. My car had higher torque and horsepower than any other stock Miata in my club. I started redlining it at 7 miles on the odo. The guy I sold it to still autocrosses the same car with the same engine 14 years after I sold it to him without problem

    Some recent cars I’ve switched to full synthetic by the second oil change around 6500 miles (Mobil 1 AFE 0W-30, if appropriate). I don’t change my own oil anymore, but I buy the Mobil 1 oil at Walmart(literally the only thing I buy at Walmart), the stock filter and crush washer at the dealer, and hand it over to my mechanic and pay him $30 to change it for me. If you do actually change your own oil, let it drain overnight, you’ll be astounded at how clean your oil stays between changes.

    Two points I’ve noticed over the decades:

    1. Rental cars – I’ve had some very low mile, shiny rental cars (5,000 miles or less) that have driven liked absolute dogs. Too many different driving styles, kind of a schizophrenic break-in.
    2. Not recently, but good condition used cars with service records suddenly needs some engine or tranny repair within the first few thousand miles. I haven’t had this happen to me in many years, but it seems to still happen to other people. I think the cause is a sudden change of driving styles from break-in.

    Condo, congrats! Do you plan to change the oil after the break-in of the engine? Am I nuts for wanting to dump the oil at $2k miles??

  136. Fabius Maximus says:
    November 10, 2016 at 10:36 pm

    Alex

    “If you are at all familiar with Scientific American, then you would know they are totally in the global warming tank. Sadly, that magazine has become political and corrupted by the libs.”

    https://viralstyle.com/c/XQ4kK#pid=1&cid=6593000&sid=front

    Ben, where does Mass Deforestation factor in?

  137. The Original NJ ExPat says:
    November 10, 2016 at 10:41 pm

    The Social Justice Warriors remind me a little of my older daughter. She is a “Patriots Fan”, but never pays attention to a single down of a football game, nor does she know anything about the play or rules of football. None of that game disconnect stops her from crying after the Giants win though. The same applies to Hillary losing. Boston Latin school has offered counseling. Seriously. If Trump lost they would probably offer you time in a cardboard box kicked repeatedly by Hillary supporters. This double standard assh0lery has to end.

  138. Ben says:
    November 10, 2016 at 10:58 pm

    Factor in to what?

  139. chicagofinance says:
    November 10, 2016 at 11:27 pm

    Fabius Maximus says:
    November 10, 2016 at 10:36 pm
    Alex

    “If you are at all familiar with Scientific American, then you would know they are totally in the global warming tank. Sadly, that magazine has become political and corrupted by the libs.”

    https://viralstyle.com/c/XQ4kK#pid=1&cid=6593000&sid=front

    Ben, where does Mass Deforestation factor in?

    OPINION
    COLUMNISTS
    BUSINESS WORLD

    Green Elites Face Trump Threat

    A chance to clean up rampant cronyism in the energy sector won’t soon return.

    By HOLMAN W. JENKINS, JR.

    Whatever you think of Donald Trump, his candidacy represents an important opportunity. It’s a chance to dismiss a very particular elite about whom it could be said, borrowing from Cromwell, “For any good you have been doing . . . in the name of God, go!”

    We are referring, of course, to America’s green-energy elite.

    With a Hillary Clinton victory on Tuesday, America’s ludicrous Tesla subsidies would be certain to continue—because so many Democratic politicians aligned with the company, especially in California, are themselves too big to fail.

    Washington’s Kafkaesque fuel mileage rules would only become more Kafkaesque. By forcing car makers and their customers to invest in economically unjustified fuel-saving technology, they’ve already perversely contributed to last summer’s breaking of a decade-old record for miles traveled and fuel burned.

    Ethanol’s alleged greenhouse benefits have long since been scientifically debunked. Its putative contribution to America’s “energy security” has been rendered a joke by the fracking revolution. Never mind. Corn farmers like a handout, and corn-state senators like being re-elected. The cost to American motorists: $10 billion a year.

    And making sure it remains so—we hardly needed the latest WikiLeaks dump to tell us—have been a handful of activist hedge-fund billionaires like Tom Steyer and Nat Simons. In the recent dump of emails stolen from Clinton campaign chief John Podesta, we see these men, in return for being willing to write four-figure checks to Democratic candidates, fishing for reassurance that policies that cost the American people billions, with no benefits, will be embraced by the next Democratic administration.

    We see climate saints like Bill McKibben and Joe Romm conspiring at their behest to silence a scientist for saying perfectly accurate things about the lack of evidence for a worsening of extreme weather events. We see Mr. Podesta himself trying to orchestrate a media mugging of liberal Harvard Law Prof. Larry Tribe for representing the coal industry.

    And to what end, exactly?

    Fatih Birol, head of the International Energy Agency, is hardly a green-energy naysayer. Yet last week he estimated that even if electric vehicles accounted for half of global auto sales (currently EVs account for less than 1%), oil consumption would nevertheless continue to rise because the “demand growth is not coming from cars, it’s from trucks, aviation and the petrochemical industry and we don’t have major alternatives to oil products there.”

    Mr. Birol politely failed to mention that the climate effect would also be nil, because these electric cars would be running on coal. China, the world’s biggest consumer of electric vehicles, fires up a new coal plant at the rate of one or two per week and will do so for years to come.

    President Obama’s “clean power plan,” costing upward of $200 billion over the next 15 years, will have no discernible effect on temperatures even a century hence. A catastrophic idiocy has informed Europe’s favoritism toward diesel cars: In return for trivial CO2 gains, it got dirtier air in its cities. The Nature Conservancy, in a 2009 study, finds that even a modest U.S cap-and-trade program of the sort preached by greenies would require “an area larger than the state of Nebraska” for biofuels, wind and solar.

    And still the effect would be meaningless: A 100% cut in U.S. emissions, by the standard climate sensitivity estimate, would influence temperatures by less than 0.2 degrees centigrade a century from now.

    Even a carbon tax—the sensible policy—would offer no help unless the technological possibility already exists of meeting human needs with alternative energy at a price competitive with fossil fuels. In which case such technology will be forthcoming anyway for market reasons.

    All this might be terrifically worrisome if climate change fears were soundly established by science. They aren’t. Al Gore-like forecasts of doom rely on doubtful computer simulations. As the International Panel on Climate Change delicately phrases it, numerous possible paths for future temperature are in rough “agreement with observations.” This is a roundabout way of saying that the observations have been unable to discern the effect, if any, of human-scale emissions on global temperature.

    But then policies in a democracy are not sustained by their rationale. They are sustained by vested interests. Mr. Trump may be rude, crude, and largely visionless to boot. Yet purely by virtue of being out of sympathy with such elites his election would go a long way to de-corrupting America at least as far as energy policy is concerned.

    We could still hope for action from Hillary Clinton on tax reform and other worthwhile pieces of the American agenda, but we will have missed an opportunity in this election to rein in perhaps the most dishonest, self-serving interest group of any in the American pageant.

  140. Flee? says:
    November 10, 2016 at 11:32 pm

    3b, what was the question? You claimed that left thinks on-demand abortions are fine. And something about your right to find it morally wrong. Do you want all abortions to be illegal or some of them? What is your concern?

  141. Fabius Maximus says:
    November 10, 2016 at 11:44 pm

    Ben

    “The wonderful thing about biology is that we have organisms and crops that can adapt to just about any temperature fluctuation that may occur. ”

    We have lost about 50% of the tropical rainforrest. So the capacity of the planet to process CO2 is reduced.

  142. Flee? says:
    November 10, 2016 at 11:52 pm

    Ben, sorry that I put in buzzword-laden explanation. I think you saying something like “I climate change is slow and easy to manage” is more offensive than me listing reasons about why it is not a simple problem. That, and I don’t have good writing skills.

    The way to get more jobs is to put a lot of money in building something like the highway system or manufacturing (with big deficits and higher taxes). Those jobs went to China and then disappeared due to automation. There is no way to get similar jobs without some pain for the rich (higher taxes) or for the future of the country (more debt). No magic cure.

    Let’s see what happens in the future. Not my choice of candidate or policies — I am not even that excited about my choice too. People burn more coal, you get your 7% yield, and we can just pretend there won’t be impact on climate change or even the local environment (mercury from the burning itself is pretty bad, but that is me just trying to show to strangers that I am smart!).

    You win!

  143. Flee? says:
    November 10, 2016 at 11:54 pm

    Fab, what are the big words you use? Climate change is a hoax! Burn more coal and tires to show who’s the boss!

  144. Fabius Maximus says:
    November 11, 2016 at 12:09 am

    Chi,

    What a garbage piece.

    “Ethanol’s alleged greenhouse benefits have long since been scientifically debunked. Its putative contribution to America’s “energy security” has been rendered a joke by the fracking revolution.”
    One thing that Big Oil and Greens can agree on is that corn should stay in the Food chain and not in the Energy chain.

    “even if electric vehicles accounted for half of global auto sales (currently EVs account for less than 1%), oil consumption would nevertheless continue to rise because the “demand growth is not coming from cars, it’s from trucks, aviation and the petrochemical industry and we don’t have major alternatives to oil products there.”
    I had a discussion with Stu a few months back on green truck and it has its own set of headwinds. That said with personal autos, there is a different model. As Grim showed. EV use is practical, it just comes down to how you charge it. If you factor in ROI on Solar in your home and more solar charging stations, the calculation changes.

    But hey is the WSJ, it must be right!

Comments are closed.