Fed not taking the juice away … yet

From HousingWire:

Fed changes tune on raising interest rates this year

The Federal Reserve has been forecasting an average two to four rate hikes in 2018, however the minutes from its latest meeting reveal a more dovish approach.

Many experts have been more bullish in their approach to increases to the federal funds rate in 2018, forecasting a total of four rate hikes for the year. Last year, experts even predicted the President Donald Trump’s selection for Federal Reserve Chair wouldn’t matter – the market would still see four rate hikes.

And after the administration passed tax reform at the end of last year, experts again forecasted an increase in the federal funds rate, saying it could cause the Fed to speed up rate hikes.

Now, Fed funds futures are forecasting the chances of four rate hikes in 2018 at 37%, down from the previous 40%.

This decrease in confidence for four rate hikes is due to minutes from the Federal Open Markets Committee’s May meeting, which revealed a more dovish approach to raising rates. The minutes showed that while the Fed still holds that the economy warrants gradual increases to the federal funds rate, in several Districts, contacts expressed concern about the possible adverse effects of tariffs and trade restrictions, including the potential for postponing or pulling back on capital spending.

Now, that number remains relatively unchanged as most still expect to see a rate hike next month. Traders in the federal funds futures market currently see more than a 90% chance of a June rate hike.

And May’s minutes seemed to confirm this outlook.

“Most participants judged that if incoming information broadly confirmed their economic outlook, it would likely soon be appropriate for the FOMC to take another step in removing policy accommodation,” the minutes stated.

And while many expected about three to four rate hikes in 2018 followed by about three more in 2019, Dallas Fed President Robert Kaplan said the central bank may only have four more total rate hikes before it reaches the desired neutral level.

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124 Responses to Fed not taking the juice away … yet

  1. Very Stable Genius says:

    @conradhackett

    Average wages after taxes

    Switzerland $58,864
    Iceland $45,390
    Korea $44,892
    Australia $41,655
    UK $41,608
    Japan $41,139
    Norway $40,834
    US $39,211

  2. grim says:

    Great data point to share, we have a good way to go in reducing taxes to increase the take home income of Americans. We can easily move up into the top 5 with some minor tax policy changes.

  3. NJdepartment says:

    I bet Swiss has the highest minimum wage

  4. D-FENS says:

    Yeah post 1… I agree. We need to reduce taxes in the US.

  5. Yo! says:

    I’m wary of these cross country comparisons. FX rates, purchasing power parity, complicated tax regimes, transfer payments can lead to strange results. Korea figure looks way too high. Canada at $31,679 appears too low.

    Is tomorrow, the Memorial Day Saturday, a big one for open houses?

  6. D-FENS says:

    I wonder why Obama never pardoned him?

    https://amp.usatoday.com/amp/641310002

  7. Very Stable Genius says:

    *Universal healthcare
    *Strong Unions
    *Free/cheap college
    *Maternity/Paternity leave
    *No weekly mass shootings

    the list goes on and on……

    America got none of that but at least we are free. Yeah, we got freedom going for us

    Very Stable Genius says:
    May 25, 2018 at 7:02 am
    @conradhackett

    Average wages after taxes

    Switzerland $58,864
    Iceland $45,390
    Korea $44,892
    Australia $41,655
    UK $41,608
    Japan $41,139
    Norway $40,834
    US $39,211

  8. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Average wages after taxes

    Switzerland $58,864 (you can pass through freely, but can’t stay)
    Iceland $45,390 (well duh)
    Korea $44,892 (strict rules limiting it)
    Australia $41,655 (mainly sea birds immigrate there)

    These are all pretty isolated countries. Seems that building that wall would raise our post tax wages, no? Thanks for your vote Moana!

  9. Libturd questioning the gender of Hillary's Cankle fluid. says:

    *Universal healthcare
    *Strong Unions
    *Free/cheap college
    *Maternity/Paternity leave
    *No weekly mass shootings

    You forgot one.
    *No government teet sucking immigration

  10. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Moana,

    I don’t blame you for your misguided opinions. It must be impossibly hard seeing the whole picture from a vacuum. Yes, that empty space between your ears you claim to be your brain is obviously void of matter and oxygen.

  11. Grim says:

    Those are all fairly homogeneous, insular, anti-immigrant nations.

    Seems useless to compare against these.

  12. Grim says:

    Korea is also incredibly racist.

  13. Blue Ribbon Teacher says:

    I bet Swiss has the highest minimum wage

    We can too, if we tariff nations that pay their workers a fraction of what we do.

  14. Blue Ribbon Teacher says:


    @Lakesid63753551
    33m33 minutes ago
    More
    Replying to @conradhackett @HarmlessYardDog
    We could end world poverty by all moving to Switzerland 🇨🇭

  15. Blue Ribbon Teacher says:

    Every month new millennials step into the buyers market. This increases the buyer pool leading to more intense competition as every month goes by. Demographics matter.

    Pumps right again. In fact, their parents are now forcing them to enter the market through lawsuits.

    Judge Orders 30-Year-Old Man To Move Out Of His Parents’ House Already

    https://www.yahoo.com/news/judge-orders-30-old-man-180733618.html

  16. Fast Eddie says:

    America got none of that but at least we are free. Yeah, we got freedom going for us

    Geezus, fend for yourself you f.ucking p.ussy.

  17. nwnj says:

    As the anons of the world increase their voting influence it will obviously become necessary to scrap our current political system. The idea of someone with the mentality of anon being able to participate in the shaping of public policy is an abomination.

  18. jcer says:

    Switzerland is a fairly rightwing conservative country, they do not have a minimum wage, voters rejected it. Wages are high because cost of living is VERY high. I would gladly have policies like Switzerland, they take only skilled immigrants and guest workers, they do not have socialized medicine rather a regulated private market, they do not have massive defense spending. If you don’t have money the Swiss do not want you and will not take you.

  19. Ottoman says:

    Or end the theft of American workers’ productivity by corporations by increasing the minimum wage to $22 an hour.

    grim says:
    May 25, 2018 at 7:13 am
    Great data point to share, we have a good way to go in reducing taxes to increase the take home income of Americans. We can easily move up into the top 5 with some minor tax policy changes.

  20. Ottoman says:

    Unlike the worlds greatest democracy which was built on slavery and genocide.

    Grim says:
    May 25, 2018 at 9:01 am
    Korea is also incredibly racist.

  21. 1987 Condo says:

    What is the current cost to buy and have installed a mini/split system. My central AC is not making the cut for my second floor 400sq ft MBR addition….

  22. Californicator says:

    Can anyone else feel it: https://youtu.be/zPBb2W9GQAg

  23. D-FENS says:

    It’s a Republic…not a Democracy.
    It’s the only nation on earth that fought a bitter civil war to end slavery for good.

    Ottoman says:
    May 25, 2018 at 10:20 am
    Unlike the worlds greatest democracy which was built on slavery and genocide.

    Grim says:
    May 25, 2018 at 9:01 am
    Korea is also incredibly racist.

  24. jcer says:

    DFENS time for a moral relativist argument. Even taking into account the evils of slavery and subsequent racism, Africans taken as slaves and brought to western nations actually gave their future generations a great advantage because even the poorest most downtrodden person in America or another Western nation has a far higher standard of living than the average African and has far greater opportunity than almost anyone remaining on the African continent. Slavery stole their freedom and humanity yes but from an economic perspective, the post slavery generations have benefitted, so modern day African Americans should not harp on slavery(the horrors of slavery and at that time there were horrors for all poor people yielded subsequent generations getting to live in a first world country, furthermore the vast majority of white people had literally nothing to do with it and at that time were likely victims of their ruling classes).

    So Ottoman do find me a righteous country that has never been involved in truly horrible things….hint it doesn’t exist.

  25. Californicator says:

    Reach down and take hold of one…..

  26. The Original NJ ExPat says:

    The author of the lead article showed herself up to be uninformed in her first few words:

    The Federal Reserve has been forecasting an average two to four rate hikes in 2018

    which is a lie. The Fed has been forecasting 3 hikes all year, with individual governors and FOMC minutes language implying the possibility of 4.

  27. grim says:

    Or end the theft of American workers’ productivity by corporations by increasing the minimum wage to $22 an hour.

    As long as it’s implemented on a national basis, I’m all for it.

    From a metro NY perspective, we can probably sustain this wage level if there is no geographic arbitrage nationally. In fact, you’d see significantly less low-skill wage outflow from the Northeast because of it. The huge flat middle part of the country, and nearly all of the south, would struggle tremendously. These jobs would likely leave the country. But, I don’t live there, so who cares.

  28. Libturd questioning the gender of Hillary's Cankle fluid. says:

    “Unlike the worlds greatest democracy which was built on slavery and genocide. ”

    Yet you detest the state of Israel. Now how can that be?

  29. jcer says:

    Expat anyone with an ounce of common sense knows the fed has to talk like a hike is always a possibility and make people think rates are going up without actually having rates really move much higher. They need to move off zero so they have some ammo but don’t want to crash anything and also have the concern that our broke governments need to borrow so unless they want to inflict a lot of pain on washington pols and possibly force states into bankruptcy they need to keep rates low. I suspect rates will revert to historical norms once governments(State and federal) eliminate their structural deficits. it only makes sense rack up tons of fixed term debts at low rates, stop borrowing, jack up the rates to dilute the value of your debt…..buy it back on the open market rather than pay it off.

  30. Libturd questioning the gender of Hillary's Cankle fluid. says:

    It’s odd listening to progressives who drink endlessly from the DNC trow exult their fearless heroine while complaining about the income gap when Sanders is about the only politician in all of DC who is willing to do something about it. Enjoy another $5,000 a plate dinner.

  31. The Original NJ ExPat says:

    I can’t believe how the whole idea of minimum wage in the US has become perverted in my lifetime. Minimum wage was enacted to keep children from being preyed upon, not to help life-long burger flippers into an FHA mortgage. When I was a teenager, only teenagers and those that employed them even knew what the minimum wage was. I can rattle off all of the increases, starting when I worked for $2.50/hour – $2.65, $2.90, $3.10, $3.25, $3.35 – it went up almost every year in the high inflation 70’s. My first full-time Summer job was $4 per hour and I worked in an air-conditioned office as a mail-room guy, except when I was driving my air-conditioned 1980 Chevy company van. I thought I was rich, my share of our college apartment rent was $80 per month – 1 half of 1 week’s pay.

  32. jcer says:

    libturd it’s because he’s a punk. I look at the Israelis and see people who were victims of injustice largely who left their countries of origin and managed to make a first world country out of a resource-void spit of dessert. Meanwhile Palestine has never been a state, Palestinians were never able to do anything with the territory, and any aid provided has’t been used to advance their people but is rather squandered on terror and their goal of out breeding the Israelis. It’s typical liberal BS yes lets give territory to terrorists who have proven they are incapable of running a state because it’s fair never mind that in terms of effectiveness the Israelis will put the territory to good use and won’t elect terrorists or harbor them, or materially support them.

    The United States has done more to elevate freedom than any other country on earth yet liberals are ashamed of it. Who rescued Europe from the Nazis or Asia from Japan….you want to see evil just look at the horrors those groups brought to the world in less than 20 years and we stopped them. We fought the USSR in the cold war and won, just look at their track record for human rights, every time an existential threat to freedom comes up we have played a role in defeating it. Hint liberals are missing it but the next one is Sharia Law, that is a threat to human freedom and leftists are actually inviting it in and giving it a vote in the free nations. So spare me the nonsense all of your moral outrage and white guilt is a detriment to the future of man kind, get over it and lets focus on practically advancing all human beings as a species.

  33. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Min wage is just another divisive issue. Dems give crumbs to the poor much like they keep the welfare rolls and section 8 apartments full. If they ever lost the minority voting block, the party would cease to exist.

  34. The Original NJ ExPat says:

    That’s my point. The 20-something year old girl who wrote the article doesn’t have an ounce of commons sense or she would know that the Fed never “forecasted” 2 rate hikes for this year, it was always 3 or more. Then again, I don’t expect editorial assistants at HousingWire to understand much about the FOMC:

    https://www.housingwire.com/authors/367-kelsey-ramirez

    Expat anyone with an ounce of common sense knows the fed has to talk like a hike is always a possibility and make people think rates are going up without actually having rates really move much higher.

  35. Grim says:

    Any better than the dozens of 40 or 50 year olds that made a career out of attempting to make forecasts by looking at Greenspan’s use of adjectives?

  36. The Original NJ ExPat says:

    When she “writes” 3 articles per day and has only been doing it for 1 week, I doubt any of her writing is very well researched.

  37. jcer says:

    lib the problem with Sanders is his well intentioned proposals will just accelerate job losses. Everyone misses key things that need to be corrected to reduce inequality and could be. We need to get healthcare and housing under control, the pricing is out of hand and is literally crushing the working class make those expenses reasonable and people’s labor becomes more fruitful and their dollars will actually get into the discretionary economy as good thing for overall economic growth(housing is literally the dead zone of any developed economy). I have a very unproven hypothesis that housing and housing rents have been driven up by consolidation and large players in the housing market as a result of sustained artificially low rates propagating investment and investment competition pushing up pricing forcing rents to rest to cover. I suspect it’s almost like collusion amongst the large landlords. The deal is everyone needs a roof and everyone needs healthcare so they will literally bankrupt themselves to pay for it if there is no reasonable alternative.

    I point to the rates as the driver of inequality robbing the poor of purchasing power, creating stealth inflation and causing insurance models to not work. It isn’t something I’ve seen a lot on but it strikes me that when you see speculation you see inequality.

  38. jcer says:

    Yes lib this is why the dems have to get out and defend MS-13, what the hell is wrong with them and they wonder why they cannot beat Trump. Pelosi saying we shouldn’t call gang members animals while Trump is pulling out crying minority mothers whose innocent children were killed by these animals and other people who have suffered misfortune at the hands of these gangs…Trump is playing the democrats like a fiddle, he doesn’t need much of the minority vote to win….

  39. leftwing says:

    “@conradhackett
    Average wages after taxes
    Switzerland $58,864
    Iceland $45,390…”

    VSG, again you liberals really need to upgrade your twitter feeds, seriously. I can’t believe this hackett guy (whoever he is) actually made this post showing his utter ignorance of international economics. What a laughingstock.

    As others have alluded, it is purchasing power parity that matters on cross border comparisons. Spent a substantial part of my working life in Switzerland, three weeks two summers ago in Iceland. Care to guess the cost of a bowl of soup there? $20. Oh, and remember, as an isolated island with no inherent resources everything is imported (ie, costly). Including lumber, because they have no trees. Let me repeat that, not one tree on the entire fcuking island. Care to guess the price of lumber? Care to guess how far that great wage goes domestically? You ought to be embarrassed reading garbage newsfeed from people that simple minded and uninformed.

    Grim, 7:13a lol.

    BRT, careful, that sarcastic comment that worldwide poverty could be solved if we all just moved to Switzerland will be taken seriously by the uninformed left. Hackett is probably running numbers on it right now lol.

  40. The Original NJ ExPat says:

    Because he was successful in the private sector.

    I wonder why Obama never pardoned him?

    https://amp.usatoday.com/amp/641310002

  41. grim says:

    Who cares if an article is right or wrong, it represents broad public perception, and in many cases perception is more important than the truth in markets.

    It’s the reason I love USA Today.

    Is it good journalism? Probably not.

    But it’s a great way to get a read on perception.

    Also why I love to read the trade rags, no better way to get a feel on the direction within an industry. Especially the mortgage side, because what they write in the rags is what they are actively communicating with new borrowers.

  42. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Jcer. Couldn’t agree more. My fear of fundamentalist Islam is that if we continue to let it fester, it will be too late to stop its evil spread. And I am far from being a xenophobe. Heck, when my kid was in CHOP, I shared many a cup of tea with some brilliant, devout followers of Mohammad. Of course, these were rich Saudi and Kuwaiti families who had the unfortunate luck of having to care for their very sick children. I also work with a handful of Muslims and studied the religion a bit in college.

    The problem though is that Islam needs to modernize. Sharia Law will keep that from happening, yet most Muslims would prefer to live under Sharia Law than the laws of the land in the West. So regardless of how peace loving a follower is. Their religion can not coexist alongside others. Worse off, their religion is the most expansionist regardless of one’s level of devotion to it.

    One day, probably in OUR lifetime, a war will be fought between the West and the followers of Islam. It will be a bloody disgusting war. We are currently in a position to force Islam to modernize to avoid such a conflict. We will lose that position at some point in our lifetime, probably due to the West’s conversion into a bunch of great big soft pussies who can’t evaluate risk and go completely gaga over a pressure cooker bomb exploding but are completely unaware that more people die from heat than from any other cause.

  43. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Jack Johnson’s pardon was a political stunt. No more no less. It’s hardly newsworthy.

  44. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Oil dropping like a rock today. Now that’s way better than credit card arbitrage.

  45. Fabius Maximus says:

    So Ottoman do find me a righteous country that has never been involved in truly horrible things….hint it doesn’t exist.

    Its clear its not going to be under this administration. This is horrific.
    https://www.azcentral.com/story/opinion/op-ed/ej-montini/2018/05/22/immigration-children-separate-families-lost-kirstjen-nielson/631627002/

  46. leftwing says:

    Fabs, good. More disincentive to come illegally.

  47. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Emigrate legally. Problem solved.

  48. leftwing says:

    Civilizations have been organized since about 3500BC, round that to 5500 years.

    In all except the last 75 years if the dominant civilization wanted something another civilization had, they just took it. By force if necessary.

    Since the end of WW2 somehow everyone has some right to exist in any format no matter how reprehensible and regardless of any detriment to the dominant civilization of the time.

    This is progress?

    Why are we – the most powerful dynasty of the thousands that have existed on this planet over history – tolerating, no encouraging, massive creations of wealth among a slim minority who enslave the female gender? Whose populations pervert a religion into organized terrorism to our detriment? Who maintain their power and wealth under an economic model (cartel) blessed by us that is illegal under our own laws and to our detriment?

    It is mind boggling that in a lightning strike we don’t just go in and take control of the resources of the Middle East. The current leaders can govern under us, reasonably, or be the first against the wall. If we need to govern, just keep sending the problematic parts of the populations to the wall until everyone else gets it.

    It worked for five millennia, and we would be by far the most benevolent expansionist dynasty in history.

  49. The Great Pumpkin says:

    Wow, how long have I been saying this?! They even have the same timeline as my projections. Remember, I said this back in 2012-13. I didn’t read this anywhere, it was based on my own analysis. I was way ahead of the game, making the call almost 10 years in advance.

    “Millennials are turning 30 — and that means we’re about to see a housing boom”

    “The housing market is about to see a demographic tailwind through 2020 that will then subside around 2025.”

    http://www.businessinsider.com/millennials-turn-30-housing-boom-demographics-2018-4

  50. The Great Pumpkin says:

    Roaring 20’s 2.0…..I want to trademark it.

    “And below is a table showing the ten most common ages in 2010, 2017, 2020, and 2030 (projections are from the Census Bureau).

    Note the younger baby boom generation dominated in 2010. By 2017 the millennials have taken over. And by 2020, the boomers are off the list.

    My view is this is positive for both housing and the economy, especially in the 2020s.”

    http://www.calculatedriskblog.com/2018/04/us-demographics-largest-5-year-cohorts.html?m=1

  51. Fast Eddie says:

    Fabius,

    I’m past page 100 of “Atlas Shrugged” and plan to read most of it over the holiday. I’m enjoying it very much.

    Do I owe you a beer or do you owe me a beer?

  52. The Great Pumpkin says:

    3b,

    Are they making these calls because they have a house in Wayne?

  53. The Original NJ ExPat says:

    I guess if you are selling to the demographic under age 25 you would want to know their perception. I tend to think that the under age 25 crowd doesn’t really think much about the FED, including those who are paid to do so. I’m probably wrong, though. Maybe Urban Outfitters will be able to sell a lot of “Woo Hoo! Only Two Rate Hikes in 2018” T-shirts.

    Who cares if an article is right or wrong, it represents broad public perception, and in many cases perception is more important than the truth in markets.

  54. The Original NJ ExPat says:

    I agree, but I only see it happening one way. Women inside the Islamic faith will have to rise up and make it happen. Being raised Catholic, I saw a little of this as a very small kid. Late 60’s to early 70’s wives didn’t work in my neighborhood. They took care of kids, but more importantly, they organized a bit. I remember my Mom and a lot of her friends having the Catholic priest over for coffee and cake during the day when the Dads were at work. They beat Father Connery up over birth control with the Sun shining through the kitchen window on all of them. “How many children do expect us to have? Is the church going to help pay for them and feed them?!!”

    The problem though is that Islam needs to modernize. Sharia Law will keep that from happening, yet most Muslims would prefer to live under Sharia Law than the laws of the land in the West.

  55. The Original NJ ExPat says:

    leftwing – I fixed your typo:

    Since the end of WW2 1992 somehow everyone has some right to exist in any format no matter how reprehensible and regardless of any detriment to the dominant civilization of the time.

  56. leftwing says:

    To whoever gave me the short recommendation on energy…what a fcuking call.

    And thank you. Sincerely.

  57. The Great Pumpkin says:

    Yup, and my calls were nothing….right?

    leftwing says:
    May 25, 2018 at 1:05 pm
    To whoever gave me the short recommendation on energy…what a fcuking call.

    And thank you. Sincerely.

  58. Fabius Maximus says:
  59. Blue Ribbon Teacher says:

    Yup, and my calls were nothing….right?

    What calls?

  60. Fabius Maximus says:

    Gary,

    Congratulations. I won’t be around to see if you make it to the end. A bet is a bet and unlike the person who still owes me a bottle of Single Malt for O vs Romney, I pay.

    I will leave a drink with Grim at Silk City for you. Give me a week or so to sort that out.

    Peace Out!

  61. Blue Ribbon Teacher says:

    The under 25 crowd thought significantly about the Fed when Ron Paul was running for office. They are all now in their 30s.

  62. Fast Eddie says:

    Fabius,

    Where are you going?

  63. jcer says:

    Yes lib on with on the islam thing, honestly half of my friends were not born in this country. They are the immigrants I want, they are doctors, lawyers, engineers, scientists, business owners and they have come here from a wide range of countries(UK, Russia, Ukraine, Poland, Italy, France, Israel, Korea, Taiwan, Singapore, Hong Kong, Venezuela, Ecuador, India) biggest thing is they are all pretty much atheists. I’ve worked with and been friendly with muslims so I am aware they are not bad people, the issue is a repressive religion that calls to be the only religion…this day in age in places like Jersey City Imams were calling for genocide on the jews and death to Israel. It barely makes the news and I bet the Imam is still preaching, and that is a problem. Muslims should condemn such behavior yet they do not, not even seemingly moderate people do not stand up and address this type of behavior. Put the shoe on the other foot what would the response be in your temple or your church if your rabbi or priest stood up and called for death to all muslims and for the destruction of Saudi Arabia? Not only would it be news but I’d wager a large part of the congregation would be aghast. But yes democrats and left leaning european politicians it’s the religion of peace….not the 7th century death cult that it is.

  64. nwnj says:

    Rachel dolozel indicted for welfare fraud. Lol.

  65. The Original NJ ExPat says:

    When both the dollar and crude is rising in lock step for more than a month, to quote Highlander, “There can be only one!!!”

    To whoever gave me the short recommendation on energy…what a fcuking call.

    And thank you. Sincerely.

  66. The Original NJ ExPat says:

    I’ll offer two punchlines, take your pick:

    She’s just doing that to promote the false narrative that she’s black.

    Maybe she really is black?

    Rachel dolozel indicted for welfare fraud. Lol.

  67. The Original NJ ExPat says:

    Correct. Go spray yourself some pancakes, it’ll cheer you up.

    Yup, and my calls were nothing….right?

  68. The Original NJ ExPat says:

    Pumps – Is it hot enough on your freeway to make pancakes at the end of the driveway?

  69. Libturd questioning the gender of Hillary's Cankle fluid. says:

    It was Chi’s call. I seconded it.

  70. Fast Eddie says:

    Rachel dolozel should take a knee.

  71. nwnj says:

    She’s symptomatic of the societal rot that has occurred and was long predicted.

  72. Libturd questioning the gender of Hillary's Cankle fluid. says:

    You do know how to starve a black man don’t you?

    Hide his WIC card in his work boots.

  73. The Original NJ ExPat says:

    You know why black guys don’t like blow jobs?

    They think it will interfere with their unemployment benefits.

  74. The Original NJ ExPat says:

    We need some joke diversity, though.

    How many Polacks does it take to change a light bulb?

    Three. One to climb the ladder and two to turn the ladder.

  75. The Original NJ ExPat says:

    How does a Jewish grandmother change a light bulb?

    “Never mind, I’ll just sit here in the dark.”

  76. The Original NJ ExPat says:

    How do you make holy water?

    Boil the hell out of it.

  77. The Original NJ ExPat says:

    Why did Texas and California take the Call 911 decals off of the back of police cars?

    Mexicans kept stealing them, thinking they were Porsches.

  78. The Original NJ ExPat says:

    What’s the difference between a homosexual and an Englishman?

    It’s a difference without a distinction.

  79. The Original NJ ExPat says:

    Why do little Polish girls put fish in their underpants?

    So they can smell like big Polish girls.

  80. The Original NJ ExPat says:

    “I don’t have the Protestant work ethic, I have the Catholic work ethic; in that I don’t work but I do feel very guilty about that.”

  81. Fast Eddie says:

    Q. Why does the new Italian Navy use glass bottomed boats?

    A. So they can steer clear of the old Italian Navy.

  82. Libturd questioning the gender of Hillary's Cankle fluid. says:

    How do you get an Italian girl pregnant?

    Come in her shoes and let the flies do the rest.

  83. Fast Eddie says:

    omg… lol

  84. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Fab. If you are going to SC, let me know when I’ll join you guys. I can play the role of…Switzerland.

  85. The Original NJ ExPat says:

    How do you get a Jewish girl to stop blowing you?

    Marry her.

  86. Fast Eddie says:

    LOL!

  87. The Original NJ ExPat says:

    LOL. That’s way outside the box thinking;-)

    Come in her shoes and let the flies do the rest.

  88. The Original NJ ExPat says:

    I wonder if there is a market in Costa Rica for a very blue comedy club?

  89. No One says:

    What’s the source on these international wages?
    They don’t match the OECD wages I see, PPP or non PPP, especially for Korea.
    Switzerland and Iceland are small population outlier countries as have been noted.
    On OECD data US wages are far above Korean and Japanese, pretax, and know those countries don’t have negative tax rates.
    Sounds like yet another fake news article to appeal to the leftist’s “truthiness” instinct which they love to imagine only exists amongst conservatives.
    Norway & Denmark can thank ocean drilling for oil for some of those high wages – is that what leftists want for the US too? Let’s open up Alaska.
    US has global top 5 percentile average wages and a fairly high immigrant population despite plenty of layabouts, yet leftists bemoan the source of this prosperity, freedom.
    No wonder so many normal Americans despise you venomous America and freedom-hating freakshows.
    If you like the welfare state so much you can still live in a government apartment in East Orange or Plainfield.

  90. The Original NJ ExPat says:

    I think this is the newest, dirtiest short joke in a long time, and we came up with it here:

    How do you get an Italian girl pregnant?

    Come in her shoes and let the flies do the rest.

    How’s that for thinking outside the box?

  91. No One says:

    Trump’s ZTE reversal reminds me of this South Park clip:
    http://southpark.cc.com/clips/103653/we-can-live-together

  92. The Original NJ ExPat says:

    ^^^I’m test marketing it in Sicily right now.

  93. The Original NJ ExPat says:

    Lawn guys – I didn’t cut the grass for the first time until last night. Jesus Christ, it grew so much in just the last week, I had grass higher than my knee. There was so much to cut I didn’t bag a bit, just mulched it all.

    I was just wondering – when the grass gets that high and starts to look like wheat at the top – does that make the most seed if you just leave it lie? Is that a good way to go, to not cut it for the first time in the Spring until it is really, really, high?

  94. Trick says:

    Most of the grass seed these days are hybrids so the seed will not reproduce. Best never to cut more then a 1/3 off the top, but in this case you had no options. I would go over it again with the bagger.

  95. jcer says:

    expat, my landscaper fertilizes in the spring and lets it grow for 2-3 weeks so it goes to seed. It seems to work the bald spots really fill in even before he reseeds. My lawn looks good despite not having a sprinkler system and I only water on the hottest of days(6 weeks usually around July, Aug, Sept usually only when it’s 85 or higher and it hasn’t rained in the past 2 days) so he’s doing something right.

  96. 3b says:

    Islam treats women as inferior. They cover it up by saying it’s respect but it’s not. The left is strangely silent on this far easier to beat up the Catholic church on their abortion stand or the fundamentalists and creation theory but silence on Islam.

    It’s that time of year again when you will see Muslim tourists out and about in Manhattan. The man will be in western dress including short t short sleeves and sandals the woman will be covered head to toe. Because we are to believe God wants it.

  97. Chi says:

    Buy me a beer at the next Cornell game at Hobie Baker.

    leftwing says:
    May 25, 2018 at 1:05 pm
    To whoever gave me the short recommendation on energy…what a fcuking call.

    And thank you. Sincerely.

  98. 3b says:

    Pumps all roads lead to Wayne!! You are still a moron. You read an article and therefore it’s true!! When they all start buying in Wayne I will believe!!

  99. The Original NJ ExPat says:

    Our lawn is just OK. Except for around our 3 season porch where it’s obviously been sodded, I don’t think the vast majority has ever been seeded or sodded. We get a ton of crocuses in the early Spring and some other similar flowers after that. Dandelions too, like I said, nothing special, just mostly green. I’m thankful just to have a free lawnmower and snow blower provided by our landlords. I’m tempted to rake up some of the clippings and cover the baldest spot under the shade of a large pine and see if anything happens.

    Most of the grass seed these days are hybrids so the seed will not reproduce. Best never to cut more then a 1/3 off the top, but in this case you had no options. I would go over it again with the bagger.

  100. 3b says:

    Pumps and did you actually read the article and comprehend it? No of course not! All roads lead to pumps house in Wayne!! Now back to ignoring you.

  101. Libturd says:

    I used to run my own landscaping business, at age 12. I like to let the lawn grow pretty high before first mow to allow the grass to have a chance to choke out some of the clover and other low lying weeds. Though I would at least half bag it/half mulch it because it would leave too much dead grass on the grass robbing the ground of nitrogen as it will all go to decomposing the mounds of dead grass. If you are willing to cut your grass short (not recommended during Summer peak heat or dry spells), it’s better not to bag at all. But you need to mow more regularly. Tell that to all of those landscapers making a bloody fortune blowing all the nutrients off of your lawn and transporting your valuable dead grass to the dump to be burned and buried. Weed kill in the Spring. Fertilize in the Fall. Best time to reseed is before last snow if there is a late one. Birds aren’t around to eat it and snow warms and softens ground to let seed burrow into mud a bit. Winterizing only really necessary if your lawn browned too much in the fall. If it’s green in the fall, it will be green in the Spring. Grub treatment only in the Fall. Finally, best weed killer is applied by hose. Sticks to weeds leaves.

  102. The Original NJ ExPat says:

    Thanks Lib – I mow regularly, I was just late getting going this year because I needed to go out and buy gas and we were moving crap from the old place all over the place the last several weeks. Like I said, our lawn is just OK, but our trees are fantastic! We have a large Pine, a large Maple, a very large Dogwood, and a young Cherry blossom. Of course I sent some beautiful pictures to the landlords in Florida showing their magnificent trees in bloom…conveniently cropping out the uncut grass;-)

  103. jcer says:

    I spray my lawn with massive amounts of Talstar in the spring and again in the summer. Not so much for grubs but to kill ticks from the deer. Also spray it on the underside of bushes, really knocks down the mosquito population. Have to keep it away from the garden and anything that flowers(don’t want to kill the bees). Suffice it to say the grubs don’t survive the stuff, it’s residual sticks around quite a while.

  104. jcer says:

    Lib the landscaping business is about speed 4 guys 2 with mowers, 2 with blowers, 2 guys in the front and 2 in the back they mow it quickly the guy with the blower is behind them they blow out all of the clippings and leaves and then are out of there in like 15 minutes, they need to blow the leaves and other junk out so in one shot they get rid of the clippings and all the other junk, truth is a lot of clippings stay on the lawn more so than if you used a bagging mower.

  105. NJDepartment says:

    Expat, why do you have to mow if you are renting??

  106. chicagofinance says:

    I just send my rent wire on the first of the month. I literally do not want to bother my landlord with ANYTHING. Incredibly down to earth man.

    NJDepartment says:
    May 25, 2018 at 4:30 pm
    Expat, why do you have to mow if you are renting??

  107. joyce says:

    1) Idiot. Do you not understand what the words “not counting” mean?
    2) Bullshit. You posted under a different name until you were quickly called out.
    3) You’re an idiot.

    The Great Pumpkin says:
    May 24, 2018 at 6:53 pm
    Everyone knows that. I didn’t become pumpkin to hide my identity.

    PumpkinFace says:
    May 24, 2018 at 6:37 pm
    Are you saying you never posted under a different name (not counting Michael)?

  108. The Original NJ ExPat says:

    (tears welling up) This is how you know your little girl is growing up:

    When she gets home under her own power and brings you cheesy bread from Domino’s.

  109. The Original NJ ExPat says:

    Good point NJD. 20 years ago I used to just work an extra couple hours at $110 per hour and I would pay Schultz the gardener to take care of all things outside our rental house in Centerport, Long Island. Now I run the snow blower(landlord provided), ride the mower(landlord provided), and pay everything except water and taxes in our rental Single Family House. Do you have a better rental deal somewhere in Boston? Am I getting shafted?

    Expat, why do you have to mow if you are renting??

  110. NJDepartment says:

    No, was just curious thatz all.

    I pay below market rent ( I would say ~800 less) for the past 10 years . And don’t do anything.. The landlord is just another nice guy who is just happy that we take care of the house very well and pay our rent. Its a SFH and he hasn’t increased the rent for 10 years. That is one of those reasons I got spoiled and didn’t buy near bottom or near bottom.

    I would be in huge trouble if I have to move.

  111. The Original NJ ExPat says:

    hahahahahahahahaHAHAHAHAHAHAHAHAHAHA!!!!!!

    Failed presidential candidate Hillary Clinton told Attorney General Maura Healey (D-MA) that she would like to be CEO of Facebook, while receiving the Radcliffe Award at Harvard on Friday.

    “If you could be a CEO of any company right now, what would you choose?” Healey asked.

    “Facebook,” Clinton quickly answered.

    The former secretary of state explained that Facebook “is the biggest news platform in the world.”

    “Most people in our country get their news, true or not, from Facebook,” she said. “It really is critical to our democracy that people get accurate information on which to make decisions.”

    https://ntknetwork.com/hillary-clinton-wants-to-be-ceo-of-facebook/

  112. Very Stable Genius says:

    @TheDweck

    To show their patriotism, before kickoff every NFL player will be required to conspire with a foreign adversary to influence a US election

  113. The Original NJ ExPat says:

    If Hillary ever became CEO of Facebook, Facebook would instantly become MySpace.

  114. The Original NJ ExPat says:

    To show their patriotism, before kickoff every NFL player will be required to show respect or hide themselves in shame.

  115. leftwing says:

    Chi, you got it. This past season we had a large tailgate, you’re more than welcome. If we don’t repeat, Conte’s.

  116. The Original NJ ExPat says:

    Does anybody know anything about growth steroids for plants, or something similar?

    Over the Winter we had a huge snow/ice composite slide off the roof and assault a small tree outside our kitchen. It semi-broke off a 1.25″ main branch off the 4 or 5 branch base. It longitudinally almost split the branch down to the trunk. I figured I would just go out and saw it off in the Spring. Instead, both branches (think about a pencil split longitudinally) flowered and thrived, even as the base looked like a candidate for an amputation, with it’s femur split in two, inches apart from ever joining again. I propped the months fallen branch yesterday and tie-wrapped the inches separated longitudinal wound together. It looks pretty good, maybe it’ll fuse back? I was wondering if there is anything I can spread on the massive split to aid healing?

  117. Very Stable Genius says:

    @CoryBooker

    The special counsel investigation has produced almost 20 indictments, 5 guilty pleas—3 from Trump’s team & 1 already serving jail time.

    Defendants are facing 100+ criminal charges including conspiracy against the US, bank fraud, lying to FBI investigators & more.
    #NotAWitchHunt

  118. Juice Box says:

    Dirty Fing renters.I spent at least 30k this year on improvements yet the dirty renters contribute nothing to our economy.

    BTW I am winning the landscaping wars in my hood. It is amazing what a few flowering plants will do. Trick is to dig out old dead and ugly plants and then plant new pretty plants early, I was out there in March planting like crazy, and just wait until the sunflowers come up…..Where is my freaking trophy?

    BTW the deer, i want to kill them all and I am a pacifist!

  119. Juice Box says:

    re:CoryBooker

    Still waiting for his shoes or pants to drop. He sits in the senate next to Menendez and wallows in it.

    There is no way this guy is clean.

  120. chicagofinance says:

    They are giant rats. Sh!t everywhere……eat everything…..destroy cars…..and carry Lyme ticks……menace

    Juice Box says:
    May 25, 2018 at 6:46 pm
    BTW the deer, i want to kill them all and I am a pacifist!

  121. Blue Ribbon Teacher says:

    BTW the deer, i want to kill them all and I am a pacifist!

    I grow Carolina Reapers just for the deer. I just fill a sprayer with a dried reaper in it. Spray it on every plant. Nothing will dare eat it.

  122. The Great Pumpkin says:

    Is this in reference to your typical obese human being?

    chicagofinance says:
    May 25, 2018 at 8:49 pm
    They are giant rats. Sh!t everywhere……eat everything…..destroy cars…..and carry Lyme ticks……menace

  123. Very Stable Genius says:

    @ShaunKing

    This is one of the most awful things I’ve heard of in my entire life.

    The Trump administration has created a new policy of taking children from the parents of asylum seekers & immigrants – including infants – as nothing more than punishment.

  124. The Original NJ ExPat says:

    If they belong in an asylum then they shouldn’t be taking care of kids.

Comments are closed.