From CNBC:
Southern California home sales crash, a warning sign to the nation
Southern California home sales hit the brakes in June, falling to the lowest reading for the month in four years. Sales of both new and existing houses and condominiums dropped 11.8 percent year over year, as prices shot up to a record high, according to CoreLogic. The report covers Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.
Sales fell 1.1 percent compared with May, but the average change from May to June, going back to 1988, is a 6 percent gain.
The weakness was especially apparent in sales of newly built homes, which were 47 percent below the June average. Part of that is that builders are putting up fewer homes, so there is simply less to sell.
“A portion of last month’s year-over-year sales decline reflects one less business day for deals to be recorded compared with June 2017,” noted Andrew LePage, a CoreLogic analyst. “But affordability and inventory constraints are likely the main culprits in last month’s sales slowdown, which applied to all six of the region’s counties and across most of the major price categories.”
The median price paid for all Southern California homes sold in June was a record $536,250, according to CoreLogic, a 7.3 percent increase compared with June 2017. While part of that is due to a mix shift, since there are fewer lower-priced homes for sale, it is becoming increasingly clear that fewer buyers are able to play in the higher price ranges.
“Sales below $500,000 dropped 21 percent on a year-over-year basis, while deals of $500,000 or more fell about 3 percent, marking the first annual decline for that price category in nearly two years,” said LePage. “Home sales of $1 million or more last month rose just a tad – less than 1 percent – from a year earlier following annual gains of between 5 percent and 21 percent over the prior year.”
…
In the past, California, one of the largest housing markets in the nation, has been a predictor for the rest of the country. Home prices have been rising everywhere, amid a critical housing shortage. Prices usually lag sales by several months, and sales are beginning to crumble, even as more inventory comes on the market. The supply of homes for sale increased annually in June for the first time in three years, according to the National Association of Realtors, but sales fell for the third straight month.
Interesting to see headline use the word “crash” to describe a situation in which prices skyrocketed to an all time high.
Media more incompetent on real estate than politics.
It is all “click bait” and I guess it has been the same since the 1800’s with newspaper headlines, it is just with TV and internet we see every headline from everywhere!
Only in sales in left wing states ….falling like rock ….
Reparations for poor African Americans? Never!
Reparations for rich right wingers? Always!
@b_fung
Farmers hurt by Trump’s trade war could soon get $12 billion in emergency aid
where’s the Free Market at?
@b_fung
Farmers hurt by Trump’s trade war could soon get $12 billion in emergency aid
Where the white women at?
Where are the sexy wives?
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@ChrisMurphyCT
$12 billion in payoffs for farmers to blunt the political cost of tariffs. Crazypants.
Just sayin, but for $12b you could
(a) build 500 new public schools
(b) hire 250,000 teachers or
(c) pay for a million kids to go to college for a year.
Just sayin, but for $12b you could
(a) build 500 new public schools
(b) hire 250,000 teachers or
(c) pay for a million kids to go to college for a year.
How much could we have done with Oblammy’s $887,000,000,000 graft and plunder package?
shh…we are collecting tariffs on the other side that we can use to pay the farmers..shh. )(yes I read the Forbes article)
Does anybody do independent research and uncover info for themselves or does everyone just take things they see on the internet and re-forward them….?
@adamcbest
Some questions about farmers who are getting $12 billion in payoffs from Trump:
Will the right call them takers?
Will conservatives shame them for having iPhones?
Will they be asked if they speak English? No.
Their government assistance will be treated differently due to race.
Hatred of Trump had become like some invasion of the body snatchers – or perhaps many of my journalistic colleagues had never believed in the principles of journalism that I had embraced throughout my adult life. To me, journalism wasn’t just a cover for political activism; it was a commitment to the American people and the world to tell important news stories as fully and fairly as I could; not to slant the “facts” to “get” some “bad” political leader or “guide” the public in some desired direction.
I actually believed that the point of journalism in a democracy was to give the voters unbiased information and the necessary context so the voters could make up their own minds and use their ballot – as imperfect as that is – to direct the politicians to take actions on behalf of the nation. The unpleasant reality that the past year has brought home to me is that a shockingly small number of people in Official Washington and the mainstream news media actually believe in real democracy or the goal of an informed electorate.
Whether they would admit it or not, they believe in a “guided democracy” in which “approved” opinions are elevated – regardless of their absence of factual basis – and “unapproved” evidence is brushed aside or disparaged regardless of its quality. Everything becomes “information warfare” – whether on Fox News, the Wall Street Journal editorial page, MSNBC, the New York Times or the Washington Post. Instead of information provided evenhandedly to the public, it is rationed out in morsels designed to elicit the desired emotional reactions and achieve a political outcome.
As I said earlier, much of this approach was pioneered by Republicans in their misguided desire to protect Richard Nixon, but it has now become all pervasive and has deeply corrupted Democrats, progressives and mainstream journalism. Ironically, the ugly personal characteristics of Donald Trump – his own contempt for facts and his crass personal behavior – have stripped the mask off the broader face of Official America.
What is perhaps most alarming about the past year of Donald Trump is that the mask is now gone and, in many ways, all sides of Official Washington are revealed collectively as reflections of Donald Trump, disinterested in reality, exploiting “information” for tactical purposes, eager to manipulate or con the public. While I’m sure many anti-Trumpers will be deeply offended by my comparison of esteemed Establishment figures with the grotesque Trump, there is a deeply troubling commonality between Trump’s convenient use of “facts” and what has pervaded the Russia-gate investigation.
My Christmas Eve stroke now makes it a struggle for me to read and to write. Everything takes much longer than it once did – and I don’t think that I can continue with the hectic pace that I have pursued for many years. But – as the New Year dawns – if I could change one thing about America and Western journalism, it would be that we all repudiate “information warfare” in favor of an old-fashioned respect for facts and fairness — and do whatever we can to achieve a truly informed electorate.
https://consortiumnews.com/2017/12/31/an-apology-and-explanation/
@WSJopinion
The Trump Administration is trying to fix an economic problem of its own making by putting the victims on the federal dole:
“American farmers won’t prosper on welfare. They need access to customers abroad. Mr. Trump may think that his farm tariff bailout will get Republicans past the November election, but sooner or later bad economic policy becomes bad politics.”
Appeared in the July 25, 2018, print edition.
Stupid is as stupid does….
This should be a one year thing at best. Farmers growing soy didn’t know they were coming and it’s not their fault. But, they need to think about growing a different crop next year.
grim – thanks for the CAC info. The HVAC/plumbing maintenance companies (Gold Medal, Water Works) apparently do not install ductwork so I have to find someone to do that. So far Sears is one group that said they will install ducts and could also do a mini-split system…but how many units is too many for mini-split, where it becomes less of a savings financially than the full-on ductwork system? I suppose that answer differs for every home.
hobojoe says:
July 24, 2018 at 7:19 pm
Re: Mini-split systems-
If you’re looking to also use it for heating year-round, check the specs – you may need a low ambient kit (optional). Also, many of them have supplemental heat but not all are heat pumps. The non-heat pump ones just have an electric element which is $$ to run. Heat pump is more complex, more $ at the onset, but more efficient.
If only there was as much screaming when we decided to outsource all of our manufacturing.
344,000 manufacturing jobs created since Trump took office when the pessimist Oblammy told us that manufacturing is dead.
Also, Gallup reports Americans’ satisfaction with the direction of the country recently hit a 12-year high which means the country is happier with our course today than at any time during the Oblammy occupation.
I think most places overestimate what people ar willing to endure to live there.
Chicago and Northern NJ come to mind.
And in terms of Hot wives i’m Pretty sure the mix that goes into most Jersey girls (I.E. Italian / Jewish make a womanly nightmare indeed …. yeeesh
10:19 Ross Perot seemed upset….
experience?
https://www.youtube.com/watch?v=GdaitZx3njw
Eddie
Found you some medical advice for that Obama-hard-on of yours…they say 4 hours is a problem…apparently, yours is probably going on 10 years now. Please get it checked it!
“After the excitement ends, the vein valves open, the blood flows out, and the pee-nis returns to its usual state. Blood flow that’s not normal can cause priapism, an erextion that lasts for more than 4 hours, is usually painful, and may happen without s3xual arousal.Sep 7, 2017”
That being said…I am finding quite a few home inspectors are booked up for a while if anyone has some recs they can share. Thx.
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10:19 Ross Perot seemed upset….
Indeed he was. In fact, he went on CNN to debate Al Gore about how bad it was going to be for America. Go watch for yourself. Gore tried to paint him as a “greedy businessman” trying to keep the status quo. Perot said billionaires can’t wait to get access to cheap labor so they can move all jobs overseas.
https://www.youtube.com/watch?v=5XEziSYRqhU
What was Perot’s suggestion? Keep tariffs in place and you could gradually lower them as the standard of living increased in Mexico/China. It would have forced overseas companies to raise to pay their workers more as profits came in if they wanted to continue to increase profits.
(Italian / Jewish)
Sounds like a lot of hair.
Anyone wanna buy a moldy multi?
I hate that fukcin’ place.
Fact, more manufacturing jobs created in 2011 and 2014 than 2017.
CEO of Sam Zell’s $40 billion apartment company, Equity Residential, on conference call right now: Hudson County this strongest apartment sub market in New York metro.
Is not this
Are houses that really overpriced that prices will crash? I don’t see it. Prices might of hit a peak for now, but no way in hell will they be crashing. If they do crash, I’m going to make a killing going on a buying spree trying to catch a falling knife. I’m sure I’m not the only one. So if there is a crash, it will be quick. Lots of investors foaming at the mouth for an opportunity.
Shocker, Pumps.
I don’t see it.
Sorry, I don’t.
The sausage factory is hiring again!!
“Before the subprime crisis laid the foundation for the government to today dominate the issuance of mortgages into securitization pools, the global structured finance market dominated the liquidity landscape.
Now according to Standard & Poor’s, that lion is preparing to roar again.
“Overall, moderate economic growth and low rates were a tailwind for issuance in the first half of the year,” write analysts James Manzi and Tom Schopflocher, in their latest report. “Although we may see some headwinds from geopolitical uncertainty in the second half of the year, we continue to forecast approximately $1 trillion of global securitization by year-end 2018.”
“The U.S. market for residential mortgage-backed securities, those not backed by Fannie Mae and Freddie Mac, is a perfect example.
“RMBS added $11 billion in June, easily the most active month YTD. This brought the 2018 volume to $43 billion, which is a 30% year-over-year increase,” the analysts write. “A wide variety of collateral continues to be the story for the RMBS sector.”
@RepDonBeyer
Trump is planning to spend $12 BILLION of your money on bailouts for farmers hurt by the trade wars he started.
He does not understand basic economics, and more and more people are getting hurt because he has no idea what he’s doing.
He does not understand basic economics…
LMAO!! Sure.
Uh! Did you hear that? It was another conservative judge being appointed to a district court!
Juice,
It absolutely is coming back. I track some of the ‘screw your own mother’ low life executives that I worked for 12 years back. One guy was president of due dilgence firm who thought he was Gods gift because he worked desk at Smith Barney for 15 years. He ran NY office for 6 years bf thing collapsed in 2007. I count 6 different jobs since 2007 on his LinkedIn profile. He has bounced all over trying to stay alive. I just saw that he is joining a new due dilgence firm startup as president. That is all I need to know. It is coming back.
@NumbersMuncher
Trump launched an unnecessary trade war that has cost farmers (and manufacturers, construction workers, and others) billions, and his response is to expand our deficit by borrowing $12 billion to pay for it.
If that’s not the true definition of conservatism, I don’t know what is.
@ExEssex
We will see…I have him coming to me on Friday! I am looking forward to seeing what he has to say, coming off such a high recommendation. Does he know you – should I mention your referral? Everything online gives him really high marks. Thanks for the recommendation!
ExEssex says:
July 23, 2018 at 5:55 pm
5:51 — two words: Sing Chan
Find him – use him – he’ll bring resources and makes most contractors look like Trump’s cabinet.
Bystander -D Does this sound familiar?
“RMBSs offer investors a low-risk investment. They are highly sought after by investors who prefer safety over high returns, especially in a market in which corporate bond defaults are rising. The highly standardized and low-risk RMBSs pose a much lower risk of default, the report added.
All ABSs composed of consumer bank loans that were issued in the first half received the two highest credit ratings — AAA and AA+”
This is from CHINA not the year 2007 here in the USA.
https://www.caixinglobal.com/2018-07-25/bonds-backed-by-home-loans-grow-fivefold-in-first-half-101308461.html
@grim
This is what I got from a friend of a friend in the HVAC business for 40+ years:
“Regarding the HVAC work in your home. If I were in your shoes I would look into high efficiency furnaces with zoning or ductless split (VRF) applications. Oil/steam heat was a great systems years ago, now it’s a relic.”
Your thoughts?
“If that’s not the true definition of conservatism, I don’t know what is.”
Trump has nothing to do with conservatism. In fact, most true conservatives despise him nearly as much as most liberals (eg, George Will).
How much is 12 billion?
About 1/20 of Jersey’s pension shortfall. Don’t get your panties wet Moana.
“Leave aside whatever the talking is and focus on what the reality is.”..just watched Tony Blair say this after noting that Trump in fact has increased military support of the Eastern European nations after the NATO meeting.
EU agrees to cut tariffs
Market certainly likes the results.
Can’t wait to see the Moana tweets.
@partisan_economist
Trump sells a bridge to the EU.
F.ucking winning!
We dropped all our tariffs, the world never followed suit. I guess certain people would prefer we let other countries tariff us while we just sit back and do nothing.
How Internships Replaced the Entry-Level Job – TIME
https://apple.news/AEEIFNdE7SgC0L9-p4v3eAg
1:53 don’t bother that zinger to Eddie was brutes.
Yeah Sing knows me! but more importantly he knows kitchens, baths, additions. His work is top notch.
After several countries lower their tariffs across the board, the US needs to raise ours to account for specific countries’ slave labor and (lack of) environmental practices.
Blue Ribbon Teacher says:
July 25, 2018 at 4:24 pm
We dropped all our tariffs, the world never followed suit. I guess certain people would prefer we let other countries tariff us while we just sit back and do nothing.
4:24 well we got us a blonde at wheel seems like he’ll play chicken with all comers..what could go wrong.
A parasite found in cat feces may have an influence on risk-taking and entrepreneurial behavior, a team of researchers has found.
The study, published Wednesday in the journal Proceedings of the Royal Society B , found that university students who tested positive for the parasite Toxoplasma gondii were more likely to major in business, and professionals with the parasite were more likely to start their own business.
Humans can be infected with T. gondii if they consume undercooked, contaminated meat or drink contaminated water, according to the Centers for Disease Control and Prevention. People can also get the infection — known as toxoplasmosis — through contact with cat feces that contain T. gondii .
Stefanie Johnson, lead author of the study and an associate professor of management at the University of Colorado Boulder’s Leeds School of Business, said the results indicate a positive correlation between exposure to T. gondii and entrepreneurial behavior. Johnson and her fellow researchers also found that countries with a higher prevalence of the parasite had a lower proportion of people who cited “fear of failure” as the reason they were discouraged from starting a business.
“We can see the association in terms of the number of businesses and the intent of participants, but we don’t know if the businesses started by T.gondii- positive individuals are more likely to succeed or fail in the long run,” Johnson said in a press release. “New ventures have high failure rates, so a fear of failure is quite rational. T.gondii might just reduce that rational fear.”
The researchers point out that most research in economics has relied on rationality as an explanation for human behavior, but biological factors like parasites have rarely been studied in connection with business choices. They suggest that behavior-altering infections like toxoplasmosis could influence human decision-making.
Infection patterns among students and professionals
Johnson’s team selected 1,495 undergraduate students in biology and business classes and tested them for the presence of T. gondii antibodies. Of the group, 22% tested positive.
Results from the antibody test were then analyzed against each student’s reported major. For those majoring in business, Johnson’s team also compared students on the management and entrepreneurship track to other specializations like accounting and finance.
The results indicated that the students who tested positive for T. gondii were 1.4 times more likely to be a business major than those who weren’t infected. Among the business majors, students who tested positive were 1.7 times more likely to be focusing on management and entrepreneurship.
Toxoplasma gondii parasite. Ke Hu and John Murray/Wikimedia Commons
Johnson’s team also collected saliva samples from 197 people who attended entrepreneurship events, and each person was asked whether they had started their own business. The scientists found that the participants who tested positive for the parasite were 1.8 times more likely to have started a company.
The researchers later attempted to test for connections between T. gondii and entrepreneurship on a global level. They compiled data on the prevalence of the infection in 42 countries and compared them against national surveys of entrepreneurial activities and attitudes. The researchers saw a positive correlation between the presence of toxoplasmosis in a population and the proportion of people who reported an intention to launch their own business or were engaged in entrepreneurial activity.
Meanwhile, there was a negative correlation between the prevalence of toxoplasmosis and the percentage of people who said they were discouraged from starting a business due to fear of failure.
Johnson told NBC News that her team plans to continue this research, and look at a possible link between toxoplasmosis and conservatism next. Johnson said she also wants to test whether successful entrepreneurs are more likely to have been infected with the parasite.
“So what if all the businesses started by toxoplasma-positive people fail? What if that fear was a good thing? We want to know,” she said.
The parasite has been found to influence human behavior before
More than 2 billion people, including 60 million in the United States, are estimated to be infected with T. gondii , though very few show any symptoms. According to the CDC, some people with toxoplasmosis may feel flu-like symptoms like swollen lymph glands or muscle aches. Severe toxoplasmosis may include damage to the brain and eyes, such as reduced or blurred vision.
It’s still unclear exactly how toxoplasmosis influences human behavior. But past studies of populations with varying levels of toxoplasmosis have linked higher rates of the infection to more economic prosperity and higher levels of neuroticism .
Small studies conducted in the Czech Republic and Turkey also found that people with toxoplasmosis had a higher rate of car accidents .
A 2012 study analyzed decades of health records from women in Denmark to investigate the link between toxoplasmosis and mental illness. The results suggested that women who tested positive for the parasite had a higher rate of suicide attempts. The likelihood that an infected woman would attempt suicide in a particular year was 1.5 times higher than among uninfected women.
Teodor Postolache, the lead author of that study, told NPR in 2012 that the parasite may be interfering with people’s prefrontal cortex.
“That area is like a braking mechanism, like it’s a brake in a car,” Postolache said. “That what we are thinking is that it’s possible that the parasite, in fact, interferes with the capacity of the prefrontal cortex to apply brakes.”
A Toxo cyst in a mouse brain.Public Domain/Wikimedia Commons
How much is our behavior impacted by parasites and infections?
It’s important to note that the findings of the new study are correlational, not causal, so the authors cannot say whether toxoplasmosis caused anyone to take more risks, be more inclined toward entrepreneurship, or feel less afraid of failure. Many other factors or dynamics could be at play.
But the research adds to a growing number of studies that have shown how parasites can affect human behavior. Other studies have demonstrated how infections can influence people’s susceptibility to mental disorders and other behavioral changes.
For example, Chlorovirus ATCV-1, a virus typically found in green algae in lakes and rivers, may affect people’s cognition: infected people seem to have shorter attention spans and are slower to complete tasks like drawing a line that connects a sequence of numbers.
Scientists have also found links between some intestinal bacteria such as Bacteroides and Prevotella and higher levels of anxiety and irritability.
This growing body of evidence may indicate that parasitic infections could be affecting our culture and business on a larger scale than we’d previously realized, the new study
As he headed into the meeting, Mr. Trump shrugged off intense criticism from business leaders, farmers and his own GOP lawmakers that he was igniting a trade war that hurts the U.S. economy.
The president said he was fighting to get America a better deal after decades of being taken advantage of by trading partners.
“If we could have no tariffs, and no barriers, and no subsidies, the United States would be extremely pleased,” he said
I’m all ears on a better way about getting nations to drop their tariffs on us. It seems flexing the muscle of our country’s economy seems to be a pretty effective approach.
Juice where did you see that article please?
Got damn, Trump knows how to play the game. He is a Jedi master. This is unbelievable. How does this guy continue to defy logic.
Trump doesn’t defy logic, he uses it Pumps. If you would have graduated high school instead of dropping out to work at the post office you might have learned to use logic as well. Instead…well…sorry, too late for you I think.
Trump trump trump trump
This reminds me of a parasite I once learned about. I looked it up quickly but not all of the details are there, I’ll include the link anyway because it has a nice lifecycle picture.
The way it works is like this (and be patient, something akin to entrepreneurial risk figures into it).
1. Snail consumes the embryonic parasite. The parasite is looking for much different host, but the snail is where it starts.
2. Snail secretes snail “slime” with parasite in it.
3. Ant eats the slime and now the ant is the next intermediate host of the parasite.
4. This is what you won’t find in the Wikipedia article: parasite invades the ant’s brain. In the late evening when the ant should be returning to it’s colony, the ant is high on parasite crack and instead crawls to the top of a grass blade. (that’s the entrepreneurial analog, but it is really just parasite infection)
5. Sitting there at the top of the blade of grass at dusk, the ant is inadvertently consumed by a bovine while grazing.
6. Parasite has found it’s ultimate destination host – the stomach(s?) of a cow.
7. Cow shits out parasitic eggs in it’s feces. A new snail eats them.
Rinse, Repeat.
https://en.wikipedia.org/wiki/Dicrocoelium_dendriticum
A parasite found in cat feces may have an influence on risk-taking and entrepreneurial behavior, a team of researchers has found.
BTW, I was a BioChem major, a MicroBio Major, a Bio Major, a History major, before I finally settled on Electrical Engineering.
It seemed like I had to switch majors every couple semesters to avoid taking Friday classes. Undergrad was the best 7 years of my life.
You know what? I just remembered the cat feces one, kind of. Mouse consumes the parasite. Parasite freaks out mouse brain, makes mouse no longer afraid of cats. Cat easily catches unafraid mouse and consumes the parasite. Cat, like cow, shits out the parasite and it travels to the next host, probably a tech entrepreneur.
^^^That sounds like the Onion, but that chain is truly something I learned! (I don’t know about the tech entrepreneur part, that is my own embellishment for sure)
3B – Which one?
3b – https://www.housingwire.com/articles/46158-sp-private-securitization-to-reach-trillion-dollar-milestone-this-year
Facebook – where old people who don’t buy anything go to post their pictures and vitriol.
Can’t spell GEEK without EE….
The Original NJ ExPat says:
July 25, 2018 at 10:35 pm
BTW, I was a BioChem major, a MicroBio Major, a Bio Major, a History major, before I finally settled on Electrical Engineering.
I don’t like Trump….. however, most people need structure to function….if you can be effective without structure, and psychologically lack empathy, it creates a tremendously efficient mechanism to execute strategy…
The Great Pumpkin says:
July 25, 2018 at 9:09 pm
Got damn, Trump knows how to play the game. He is a Jedi master. This is unbelievable. How does this guy continue to defy logic.
The Original NJ ExPat says:
July 25, 2018 at 10:13 pm
Trump doesn’t defy logic, he uses it Pumps. If you would have graduated high school instead of dropping out to work at the post office you might have learned to use logic as well. Instead…well…sorry, too late for you I think.
The biggest issue with Trump is that he is a cad, his veneer is repellent, his methods are offensive……but at the core, most of his goals are relative good ideas…..and we needed this pig to execute something really impolitic and in the best interests of this country.
The Great Pumpkin says:
July 25, 2018 at 9:09 pm
Got damn, Trump knows how to play the game. He is a Jedi master. This is unbelievable. How does this guy continue to defy logic.
9:16 like Stalin…
There’s a little bit of “con” in economics.
Investor and television personality Kevin O’Leary praised President Trump’s regulation policy on Tuesday, saying he gives the president high marks on reducing government regulations.
“I would say on a policy basis, I’m going to have to give it an 8 1/2 out of ten so far,” O’Leary, an entrepreneur who appears on ABC’s “Shark Tank,” told Hill.TV’s Buck Sexton on “Rising.”
“The reduction of regulations has been remarkable in how it has accelerated small business,” he said. “These things are quietly being changed, and I really — I credit the administration for doing this. They’re making it easier to run a small business in pretty well every state I’m involved in. So that’s working.”
“I do a lot of investing in private companies all across America,” O’Leary added, noting that his investment portfolio includes more than 34 firms. “We’re having one of the best years we’ve ever had — not because of tax reform yet, that’s coming, that’s the upside in the next year or so.”
Trump signed an executive order within the first month of his presidency aimed at dramatically scaling back federal regulations. He said the order, which requires agencies to revoke two regulations for every new rule they want to issue, would benefit both small and large businesses.
Critics said the policy would contribute to the weakening of public protections provided by agency rules and regulations.
That’s why Fortune 500 companies always hire sociopaths as CEOs.
I don’t like Trump….. however, most people need structure to function….if you can be effective without structure, and psychologically lack empathy, it creates a tremendously efficient mechanism to execute strategy…
And Trump’s biggest virtue is also his biggest vice. He wants to be doing something to make people think he’s great 22 hours a day. I’ve heard that is another reason the press pool hates him. He never takes a break, so they can’t either.
The biggest issue with Trump is that he is a cad, his veneer is repellent, his methods are offensive……but at the core, most of his goals are relative good ideas…..and we needed this pig to execute something really impolitic and in the best interests of this country.
Imagine if you were a White House reporter and you just want to go out at happy hour with your friends early Friday evening and sleep in on Saturday. Not possible with Trump as President. Every Saturday AND ever Sunday is work for you, starting at 4 or 5AM.
LOL. Trump is running the Truman show in reverse. He’s the only one who knows it’s a TV show, the rest of the world thinks it is real life.
Chi, Lib – Do you like T at a 6.6% yield? I sold a little bit less than 5,000 shares several months ago, bought 1500 back yesterday.
Need some help figuring something out.
I’m selling my brother’s virtually new Mazda 6 GT. It’s in perfect condition. Asking 20K (26K miles on it).
I put it on Cars dot com and have a strange buyer. I am trying to determine his MO because it’s a very peculiar transaction.
First, he’s had about two weeks of delays in getting me a bank check as he claims he’s extremely busy and then his two kids got hospitalized. He supposedly lives in Bloomfield, but has a garage (not sure what for) in California that he plans to transport the car to. Additionally, out of nowhere, he throws in that the check, which should arrive tomorrow, has the money for the transport as well. He asked me to pay the transport guy with the excess in the cashier check. He is aware, I will not release the car/title/keys without the check clearing.
So I questioned him on three things to which he hasn’t answered. All communication has been by text.
1. Why is he buying the car sight unseen?
2. Why am I paying the transport guy that he arranged?
3. Why would you buy a common car in NJ and then ship it to Cali? It seems awfully cost prohibitive to me.
What say you all?
Do I need to call a local cop (I know them all and it wouldn’t be a big deal) at time transport arrives to make sure there is no funny business?
Is this guy laundering money some how?
What gives?
From 1 year ago
I placed another big bet last week on the coal company ARLP again last week once it fell below $20. I’ve had a nice 7% pop since then but the thing is yielding near 9% right now and my bet is that they beat earnings and raise the dividend this month and then it pops big time again. Even if earnings are steady, I’m content to collect 9% annually.
It’s been flat and still yielding 11%.
That’s a scam, kick him to the curb. I’ve heard of scams where the cashier’s check actually clears and then bounces later. It’s not a rare Ferrari, there are a shitload of Mazda 6’s in California that have never seen salt or snow.
Libturd,
I think that’s a scam. I get emails all the time about tutoring from people who try to run something similar. I believe, you cash the check, pay out the excess, and then the check bounces, so you are out whatever money you gave the other guy.
My Mazda 6 only had 31,000 miles at the end of a 42 month, 42,000 mile lease. I thought it would be a steal to buy out at $11K or so because of the low miles. When I did the research, just the cost of the sales tax on top of the buyout it was still about even money, no windfall, so I gave it back. It was a Touring, not a GT though. It had a really nice factory remote start though.
ExPat,
T-bills are not my area of expertise. I’m to young for them. Personally, I think market will start running wildly again soon until it all collapses under one great sh1t show of moral hazard. :P Be out before this happens.
On the bright side, I am slowly approaching my first million in retirement dollars. Throw in the equity of my two homes and I’m not far from the second. On the dark side, I am slightly cash broke as we probably waited a little two long to start rebuilding the rainy day fund. Though, we are still avoiding any interest fees by taking advantage of a couple of free 0% offers. I am so stupid-frugal, I even surprise myself sometimes.
BTW, AMEX everday card (I think that’s the name) has a 0% for 15 months with no transfer fee. We already have an AMEX card (Blue) with over 100K credit line. Was surprised they gave me another 15K, but they limit the transfer to 7.5K which was more than I needed. None the less, it’s nice to see the no transfer fee’s are back in style once again. Shouldn’t be too long before Wall Street fuks us all once again.
If you want to have fun tell the guy that you have to send the check to your Swiss bank account and it will take 4-5 weeks to clear.
If the late check bouncing is the case? How the hell do you avoid it? Ask for cash I guess?
LOL. I was talking about AT&T stock.
ExPat,
T-bills are not my area of expertise.
#2 is a concern.
Check clearing takes a while in reality I think. The day you can transfer the money to another account and then access the money in the new account means it clears from my pov
OTOH, If I could get 6.6% Treasuries I would be in “set it and forget it” mode managing my MIL’s IRA.
He is paying by bank check from either Navy Federal Credit Union or Citibank. Not personal check. How do you get a bank check to bounce? Couldn’t I call the bank to verify the check and then make him wait two weeks before releasing car?
Was wondering how you got that yield? LOL
BTW, 30 year treasuries are at 3.073% right now. My MIL needs 6+% to cover her RMD, or the account bleeds down. Of course, the worst part about it bleeding down is that the income just turns into taxable investments, so definitely a first world problem. I tell her it is like driving a priceless Ferrari on the racetrack. I can’t run it at 10/10ths because I don’t want to crash it, but I have to drive it pretty fast to keep it running right;-)
IIRC, it’s a kiting scheme. The balance in the account he’s sending you is from a bank check from another bank, and the balance from that one is a bank check from another one, and so on.
He is paying by bank check from either Navy Federal Credit Union or Citibank. Not personal check. How do you get a bank check to bounce? Couldn’t I call the bank to verify the check and then make him wait two weeks before releasing car?
I hit him with the Swiss Bank Account line. I told him my boys at UBS don’t fuk around.
And at the end of that line of bank checks is a sleazy bank that says, “Oh yeah, that check is good….(time passes)…oh! No it’s not).
You could have also told him that you are in the process of opening a bank account from a large check being sent to you by a king in Nigeria and you’ll let him know when the money arrives and the receiving account is opened.
I guess you could go to the bank it’s drawn on, open an account there yourself and tell a bank officer that you have suspicions about the transaction and want to know how long it will take once you deposit the check to withdraw it in cash.
If the late check bouncing is the case? How the hell do you avoid it? Ask for cash I guess?
I thought of that (really). And since I felt bad he wasted so much time, I was going to offer him for free, the infamous Ne1man Marcus Chocolate Chip Cookie Recipe.
Lib – I was going to suggest stopping by CarMax to see what they would give you, but it looks like there are only two locations in NJ, and they are way South.
Do you live in a political bubble?
https://www.nytimes.com/interactive/2018/upshot/election-2016-voting-precinct-maps.html
Observe the blue line that cuts diagonally through NJ…on down to Washington DC.
It roughly traces the Acela train line in the NE Corridor of the US
I’ve been busy, and haven’t been able to comment on the board as often, so I apologize if this has already been posted.
https://www.theguardian.com/society/2018/jul/26/millennials-moving-suburbs-america-housing-crisis-urban-exodus
While there’s no official data on the number of millennials moving away from cities, the recent census suggests some suburban revival is afoot, driven by millennials.
“Population change gives you a crude sense of flow,” says William Frey of the Brookings Institution, a demographer who has studied city migration patterns for decades, when I meet him at his downtown office. “Smaller cities are growing and large cities are not growing as fast.”
Flipping open his 2018 report on the millennial cohort, Frey runs a finger over the chart showing age distribution in the United States, pointing to the bulge in population that tells him millennials are largely responsible for the suburban trend.
If such patterns continue, he argues, they could upend the 2010s stereotype of millennials all wanting to live in a Brooklyn-like urban jungle.
Frey has called the period from 2010 to 2020 “the decade of the city”. And, while the city’s reign doesn’t seem to be lasting as long as he predicted, in a sense he was right: the city’s rule will be temporary, not an unstoppable drive toward urbanization.
I want to know what’s driving young people in and out of cities, and the answer seems to be politics, gentrification and the economy, not vague notions of city “coolness” or “millennial personality” traits.
Sure, millennials like aspects of city living, Frey says. But the shift to cities came three years after the housing market crash and recession. He doesn’t think that’s a coincidence – larger economic forces are afoot.
“The youngest millennials have more options economically while the oldest millennials are starting to think about what their next stage of life looks like and making decisions that look more similar to what we’d expect that age group to do,” Jeannette Chapman, the deputy director of the Stephen S Fuller Institute, tells me later in a phone call. “They’re growing up.”
•••
The NICB recommends that anyone selling a car meet the buyer face to face at a highly public location, ideally a police station.
https://www.bankrate.com/financing/cars/scam-car-sellers-duped-by-fake-checks/
Anyone have a recommendation for an oil tank sweep and/or removal company?
And a rough idea of the cost of a sweep?
I have Lombardo coming for an estimate but would like 1 or 2 more. $200 to $250 seems to be the sweep price range I am seeing. Sound about right?
Offers to buy sight-unseen.
A buyer offering to buy your car without looking at it first should be considered a warning sign.
Often, this is part of a larger scam. The buyer will send a bad check or promise to wire money and have a different person pick up the vehicle.
https://www.dmv.org/buy-sell/selling-your-car/scams-to-avoid.php
I’m trying to max value for the car. Not in a rush. It’s in truly perfect condition. Hate to get robbed by a dealer, but they’ll want to make their max profit and I’m not giving that to them. Will lower price by $500 on Monday and see if it generates more info. Was surprised to see Car Max is 99% used cars for sale by dealers.
Problem making sale difficult IMO is the fact the car is a low-mileage special. I would buy it if I were shopping as all brother really paid for is the initial drive car off the lot depreciation. If I sell to dealer, they’ll give me 17K tops. 13K is a lot to spend on a car driven 25K miles in perfect condition. Was garage kept too.
Stu: in the securities industry, we wouldn’t even be able to touch that transaction…… just stay away
Just when I thought libtards and the pc police were on the run. They hear a guy who wears a towel around on his head all day refered to a turban man and they completely lose their minds. How dare they.
There is a check clearing and truly a check passing through multiple counterparties and the entire process is completed. Most of what we considered a “cleared” check is a courtesy offered by your bank as a form of good customer service. The process can take up to 2-3 weeks depending how convoluted it is.
I’ve had a paycheck clawed back out of my checking account in 2002 2 weeks after the fact. It was a traumatic experience.
I kind of new it was most likely a scam, but appreciate the confirmation. Was not going to deliver the car until I could verify check had cleared, but seems not worth the headache to see it through. Called deal off. No response of course.
Do people by used cars in private sales anymore or is this mainly a thing of the past?
They are calling it hate speech. It was a childish insult.
Knew and buy.
Sorry.
I can’t believe turban man is what passes for news these days. It was all done in fun. Lord help this country if someone ever tries to invade us. We’ve become a people that most likely resemble soft-shell crabs.
Just googled the phone number. Guy has scammed many a victim. Not surprised.
Lord help this country if someone ever tries to invade us.
We’re going to be using liberals as human shields during the first wave. They’ll be completely petrified so there’s no worry about them resisting. It’ll give the real men enough time to assume formation and lead the assault.
Where would a transgender have gone when they were separating the women and children from the men when loading them on the trains to the work camps and the ovens in Nazi Europe?
That’s why we keep them at the ready on the coasts.
We’re going to be using liberals as human shields during the first wave.
My son sold to CarMax in Cali and it was very clean. I sold a 15 year van to Car Cash here in Moonachie and it was smooth..yapped with the owner about the old Howard Stern commercials back in the 80’s. They gave me $2,00 on a 2001 Sienna in 2017.
Supposedly Wayne approved a CarMax back in 2015 but I have not seen/heard since.
Could end up there. Just hate to lose so much value. If car was beat up, I would have no issue selling to CarMax or dealer. But brother’s gonna get robbed in such a transaction.
Where would a transgender have gone…
Either Moana or ExEssex’s house.
I had to Google “turban man” to find out what this was all about. So you can’t call the guy who wears a turban “turban man”, you can’t call the dictator who shoots rockets over other countries “rocket man”, but you can call the POTUS any fu.cking thing you want?
And run around in pussy hats.
Turban Man would have been fine if the turban looked more like a Puss-e Hat.
Why do I think that you could call Ben Shapiro “yarmulke man” all day long and nobody would even notice. OH! I know why. Because liberals hate him!
Ha! The real men? The ones that take a pass because of “bone spurs?”
Gen’rals gathered in their masses,
Just like witches at black masses
Evil minds that plot destruction,
Sorcerer of death’s construction
In the fields the bodies burning,
As the war machine keeps turning
Death and hatred to mankind,
Poisoning their brainwashed minds
Oh Lord yeah
Politicians hide themselves away
They only started the war
Why should they go out to fight?
They leave that role for the poor, yeah
Time will tell on their power minds,
Making war just for fun
Treating people just like pawns in chess,
Wait ’till their judgement day comes, yeah
Now in darkness world stops turning,
Ashes where the bodies burning
No more War Pigs have the power,
Hand of God has struck the hour
Day of judgement, God is calling
On their knees the war pigs crawling,
Begging mercies for their sins
Satan, laughing, spreads his wings
Oh Lord yeah
Fast Eddie says:
July 26, 2018 at 11:30 am
Lord help this country if someone ever tries to invade us.
We’re going to be using liberals as human shields during the first wave. They’ll be completely petrified so there’s no worry about them resisting. It’ll give the real men enough time to assume formation and lead the assault.
Oil tank sweep/removal? Bueller? Bueller? Anyone?
I had to Google those lyrics to figure out what song it is. I don’t think I’ve ever heard it before.
I can’t remember the name of the place we used…honestly they were just OK. I get puddles on the floor in the basement now on the side where they removed the tank.
War Pigs
https://www.youtube.com/watch?v=LQUXuQ6Zd9w
https://www.youtube.com/watch?v=lRPrWgrc-ak
D.amn, beat me to it!!
ExPat,
I know you’re not serious about not knowing who that was immediately!
“While there’s no official data on the number of millennials moving away from cities, the recent census suggests some suburban revival is afoot, driven by millennials.”
Anecdotal, but I notice more and more bearded hipsters with a youngster in my suburban supermarket. Kind of funny, they’re always fcuking up flow by spinning their carts around in the aisle, kind of like they’re lost.
Fast – I’ve literally never heard that song before. I would have remembered the gaps of silence. I’m guessing at 8 minutes long it didn’t get a lot of air play. I was the oldest in my family and pretty much on my street so I didn’t even know any music other than AM bubble gum pop until I got to college. No older brothers, or older kids around when I was young to clue me in.
My first few weeks at Rutgers I was just amazed at all the new music coming out of dorm rooms that I never heard before. I specifically remember Bowie’s “Young Americans” blasting and was thinking to myself, “Maybe this is that Springsteen that I heard some kids talking about.”
I know you’re not serious about not knowing who that was immediately!
I remember a senior and a junior on my floor taped the brochure from their new bong on their door. I would read it in the middle of the night trying to figure out what it was. On the front it said “BONG – The only thing wasted is you!”. I also skipped 6th grade, so I was barely 17 went I got to college.
I liked the Monkees “version”:
“Zor And Zam”
The king of Zor, he called for war
And the king of Zam, he answered.
They fashioned their weapons one upon one
Ton upon ton, they called for war at the rise of the sun.
Out went the call to one and to all
That echoed and rolled like the thunder.
Trumpets and drums, roar upon roar
More upon more.
Rolling the call of “Come now to war.”
Throughout the night they fashioned their might
With right on the side of the mighty.
They puzzled their minds plan upon plan
Man upon man
And at dying of dawn the great war began.
They met on the battlefield banner in hand.
They looked out across the vacant land.
And they counted the missing, one upon one,
None upon none.
The war it was over before it begun.
Two little kings playing a game.
They gave a war and nobody came.
And nobody came.
And nobody came.
And nobody came.
And nobody came.
“I’ve had a paycheck clawed back out of my checking account in 2002 2 weeks after the fact. It was a traumatic experience.”
In mid-90s I worked for a subsidiary of a European company whose daily working capital was significantly funded by one of the investors, a large Mexican bank. Peso crisis flattens the bank. Rumors running wild.
Our business expenses went on our personal cards back then and we were reimbursed. Buddy and I got reimbursement checks drawn on the firm’s operating account of $10-15k each on a Thursday. Scared sh1tless that with the clear time, particularly for a check of that size to our personal accounts, was way too long.
Firm’s bank was some regional based out Chicago, no NYC retail offices. Did our research found a branch open on Saturday, outside of Chicago city center. Hopped a flight Friday, partied all Friday night. What the hell, we were on the cusp of being both unemployed and out a large amount of cash.
Show up to this branch on Saturday morning in a mixed neighborhood at best, more than a little disheveled. Presented the two checks, drawn on their bank, total of $25k or better. Requested cash.
Took a about an hour but we walked out of there with it. Firm checks started bouncing the following Wed
The point, any question on a check get cash, and not against balances in your account.
ExPat,
I was the youngest of my siblings so I was exposed to much music.
Libturd ,
cant believe you almost fell for this check scam… If they could almost get you, think about how many people they scam every month..
Didn’t almost fall for it. Just verifying what I kind of thought all along. If there was a way for me to screw him on it. I would of. Was thinking about following the transport to the bait or possibly putting a locator hidden in the car. But who has that kind of time?
What’s even more silly is that ExPat never heard War Pigs. I can often be heard pissing off my family making up my own stupid lyrics to that song and belting them out at top volume on road trips. The camber is so slow that it’s very easy to free style over it.
Wonder if he’s heard Ironman? That’s my second favorite sing over song. Once I had pink-eye on a cruise. I wouldn’t stop singing pink-eye man for days.
NJD,
They get lots and lots and lots. I found three that traced directly back to this guy. I think he’s Canadian actually. Here is his digits. Feel free to text the a-hole. 631-533-0239.
Ex,
Damn, I lost some respect for you, knowing everything but Sabbath.
BTW, today during interview, I used your “if I could take one thing off your workstack on Day 1, what would it be?”. That is some jedi mind sh”t. I had the guy mention things I would be doing. It also cuts to what job really is.
Camber was the wrong word back there. Not sure what I was thinking of. Replace with tempo.
Lib,
Just do it for the story and to confirm scam. ;>)
11:40 u wish.
I already texted him some nice words. Sorry.
No need to confirm the scam. This guy is a bit of an internet legend. Google that phone number. It’s an interesting rabbit hole to dive down.
I suppose, I could report him to Turban Man!!!!
I crack myself up sometimes.
Check this.. Someone gofundingme to get their $$$ back …
LOL
https://www.gofundme.com/alucardrepayment
Call someone with a dlck a woman and progressives give you a standing O. Call someone wearing a towel on his head every waking moment turban man and they lose their shlt. They fall back on the victim hood agenda when they are losing the overall narrative.
Nice share. Looks like this board hit it on this issue. 3b, do you see it now? As soon as they “grow up” Aka get married and have kids…they go back to the burbs.
D-FENS says:
July 26, 2018 at 11:09 am
I’ve been busy, and haven’t been able to comment on the board as often, so I apologize if this has already been posted.
https://www.theguardian.com/society/2018/jul/26/millennials-moving-suburbs-america-housing-crisis-urban-exodus
While there’s no official data on the number of millennials moving away from cities, the recent census suggests some suburban revival is afoot, driven by millennials.
Aren’t you closing soon?
Why would you do a tank sweep if you are already under contract?
Lib,
try Carvana. You are not going to get top price but you input info on car and they give you price, then email them a couple of docs and then set up a time and one of their people come out w flatbed and haul car away. You get check when driver comes to your house. Probably a much better price than a dealer would give you but not going to be near retail.
Suggests some surburban revival is afoot. Can you understand that?? And they are doing it when they are pushing 40 or older!
Nails it!
“I don’t like Trump….. however, most people need structure to function….if you can be effective without structure, and psychologically lack empathy, it creates a tremendously efficient mechanism to execute strategy…”
“The biggest issue with Trump is that he is a cad, his veneer is repellent, his methods are offensive……but at the core, most of his goals are relative good ideas…..and we needed this pig to execute something really impolitic and in the best interests of this country.”
Life stagnated for this millennial generation due to problems produced from prior generations. These early millennials got robbed of job opportunities and had no choice but to go to school for longer than any previous generation. That means they put off marriage, kids, and a home for almost 10 years. They lived like college kids for an extra 10 years. Now the majority are getting prepared to become adults. They are finally getting jobs, saving money, and getting ready to buy a house. This will all be taking place in the coming decade. This will power our economy to levels you have never witnessed. Plus, Trump is preparing the grounds for small business to go off. This boom is going to be epic, but the bust will be down right terrifying.
3b says:
July 26, 2018 at 2:15 pm
Suggests some surburban revival is afoot. Can you understand that?? And they are doing it when they are pushing 40 or older!
NJD – She did get a $1,000.
Carmax holds lots of approved properties.
Why wouldn’t I? I mean that sincerely.
Owner’s are dead, property is being sold by estate and they don’t have much info. Went to borough hall and they don’t have any survey on the property. I submitted a request for open permits, etc. There is a live oil tank in the basement. I don’t know if there is a defunct tank underground. Shouldn’t I find out? I am not sure how else I would find out.
Enlighten me. Thx.
Grim says:
July 26, 2018 at 2:14 pm
Aren’t you closing soon?
Why would you do a tank sweep if you are already under contract?
During attorney review, or during the inspection period.
On the tank removal, I cannot recommend Lombardo. He allegedly found a tank on the home I wound up buying. It almost killed the deal, the seller had the oil tank removed and converted to nat gas 15 years ago and categorically stated there was no oil tank. Lo and behold I had ATS come to do a boring test, they made 5 holes where the tank allegedly was and never hit it, they then swept the whole property again and found no tank. ATS seemed ok, they are more or less a one stop shop because they do remediation as well as environmental testing.
One minute this income inequality can’t go on it’s all going to collapse the next minute the millenials will be powering the economy to unseen levels!! You truly are bi polar!! A
Different perspectives make the world go ’round, I suppose!
Trump does not have a core or goals, outside of any and all self-dealing. Nearly everything that you (or former “I’m a conservative” phonies) might characterize as a “policy” of his, is something he was on the exact opposite side of at some point previously. There is no core other than the insatiable pit of attention-seeking behavior and “me, me, me” grandiosity, lack of empathy for other people, and a need for admiration. That, plus the ability to make people who once claimed to have a core, morals, values, etc., bend themselves out of shape creating some kind of pretzel logic of how Trump falls into those phony categories.
That sucking sound you hear is the politics blackhole – got me again! I just want some advice on real estate!!!!
The Great Pumpkin says:
July 26, 2018 at 2:18 pm
Nails it!
His methods are offensive……but at the core, most of his goals are relative good ideas
You should know, it is a major liability. Your lender and insurance company also might want a clean tank sweep.
Ok. Inspection is tomorrow. Realistically, I just want to know if there is a buried tank…I don’t think it would kill the deal, but I feel I should know. Then it becomes a matter of me paying for it or getting some kind of concession for removal, no?
Grim says:
July 26, 2018 at 2:38 pm
During attorney review, or during the inspection period.
Thank you for the advice.
JCer says:
July 26, 2018 at 2:40 pm
Can you elaborate on this a bit? If there is a tank and it has been foamed or whatever method they use, can it not stay there and be safe? And if my lender/insurance want the sweep it has to get done either way.
JCer says:
July 26, 2018 at 2:43 pm
You should know, it is a major liability. Your lender and insurance company also might want a clean tank sweep.
ATS is good for sweep. Pretty sure that’s who we used.
Generally you can pretty easily tell if there is an underground tank outside of the house by examining the basement concrete in the boiler room. You’ll typically see evidence, a crimped oil line, a patch to the block. Tanks were generally in fairly close proximity to the boiler rooms, and it would have been very hard to hide the penetration through the floor or block.
If the boiler is circa 80-90s, and the indoor tank is the same era, it’s a fairly good sign there was a tank. In that case, look for the patches.
Doesn’t mean that the tank wasn’t removed or filled.
I will make note of this and take a look.
grim says:
July 26, 2018 at 2:57 pm
Generally you can pretty easily tell if there is an underground tank outside of the house by examining the basement concrete in the boiler room. You’ll typically see evidence, a crimped oil line, a patch to the block.
I really like the new video kiosks in the renovated McDonald’s.
https://twitter.com/twitter/statuses/1022518003542511617
The economy is bi-polar. You should know this by now.
Income inequality is the reason the millennials are a decade away from previous generations when it comes to starting a family and buying a home. Who do you think was getting squeezed? The millennials are almost done with this. A new generation will be getting screwed as they hit their 20’s. Majority of millennials have finally gotten to the age where they were given an opportunity for a real job. They are now switching jobs or moving up, resulting in better pay and the ability to purchase a home. By 2020, you should start to see a lot of older millinnials form a buying bloc with the money to push up real estate prices with their competition and appetite for housing.
Income inequality at current levels will still allow for booms. If it continues on current trajectory, it will eventually hit a point where it crashes the economy.
3b says:
July 26, 2018 at 2:42 pm
One minute this income inequality can’t go on it’s all going to collapse the next minute the millenials will be powering the economy to unseen levels!! You truly are bi polar!! A
Lenders usually want to know the collateral is good, if there is any reason to believe there was an abandoned tank they will want documentation indicating that this was performed in accordance with all regulations and contamination is unlikely. For your insurance if you try to get any kind of coverage that would cover you for environmental contamination they will want to see a clean report. So in short what ever the situation is either you need documentation indicating there is likely no tank on the property or documentation certifying the abandonment as being performed properly and in accordance with all applicable regulations. Even if the tank has been abandoned it still probably makes sense to remove it so it isn’t an issue when you go to sell eventually.
I have such a certificate for an abandoned tank on my property. Of course it’s worth absolutely nothing.
Chi Fi,
LOL! Oh yeah!
https://www.liveleak.com/view?t=uJsLc_1526456276
chicagofinance says:
July 26, 2018 at 3:28 pm
I really like the new video kiosks in the renovated McDonald’s.
https://twitter.com/twitter/statuses/1022518003542511617
Hi I own big house in Bergen County. Wife and four kids. I work Bronx. Lots of evidence big suburb houses sinking in value. Should I sell and move to place where values rising like Hoboken?
what evidence ?
Sell if to Pump, he think it will double in value by Christmas
Lib – I was trying to parse that, the closest I could come up with timbre, but that didn’t really work. Then I thought about it some more and figured you have a custom suspension alignment for family road trips;-)
Camber was the wrong word back there. Not sure what I was thinking of. Replace with tempo.
CC hold onto Bergen AND buy Hoboken!
Give me a break on Sabbath, I of course know Iron Man. But I only had ’77-’79 to get current on all of the cool FM music and then I was off to punk and new wave for the next several years. A hot short-haired blonde girl with a little bit of bright red dye in her hair who plays hockey will do that to you. From ’84 on it was New York dance and rock club scene, so the one thing that got left behind was any comprehensive education in metal. When I first saw the War Pigs video I thought, “Oh, if I was 10 years younger I would have definitely known this.” One year during college, actually between colleges, when I lived at my uncle’s house in Clifton, I hung out with my teenage cousin, about 6 years younger than me, and that was the extent of my metal tutelage.
Bystander – glad it helped. I have a couple really good interview tricks, now I really don’t need them because I’m usually called in by somebody who knows me or recommended by someone who knows me. Back in the 90’s though, I was really proud of my record of getting two job offers for every three companies that interviewed me.
BTW, today during interview, I used your “if I could take one thing off your workstack on Day 1, what would it be?”. That is some jedi mind sh”t. I had the guy mention things I would be doing. It also cuts to what job really is.
I like workstack though. I may use that.
A Financial Times article, The Chinese are wary of Donald Trump’s creative destruction, by Mark Leonard, director of the European Council on Foreign Relations, is so provocative, in terms of the contrast with Western perceptions of Trump, that I am quoting from it at some length.
According to Leonard, quite a few key players in China see Trump as having a coherent geopolitical agenda, with reducing China’s influence as a key objective, and that he is doing an effective job of implementation. From his Financial Times piece:
I have just spent a week in Beijing talking to officials and intellectuals, many of whom are awed by his [Trump’s] skill as a strategist and tactician…..
Few Chinese think that Mr Trump’s primary concern is to rebalance the bilateral trade deficit….They think the US president’s goal is nothing less than remaking the global order.
They think Mr Trump feels he is presiding over the relative decline of his great nation. It is not that the current order does not benefit the US. The problem is that it benefits others more in relative terms. To make things worse the US is investing billions of dollars and a fair amount of blood in supporting the very alliances and international institutions that are constraining America and facilitating China’s rise.
In Chinese eyes, Mr Trump’s response is a form of “creative destruction”. He is systematically destroying the existing institutions….as a first step towards renegotiating the world order on terms more favourable to Washington.
Once the order is destroyed, the Chinese elite believes, Mr Trump will move to stage two: renegotiating America’s relationship with other powers. Because the US is still the most powerful country in the world, it will be able to negotiate with other countries from a position of strength if it deals with them one at a time rather than through multilateral institutions that empower the weak at the expense of the strong.
My interlocutors….describe him as a master tactician, focusing on one issue at a time, and extracting as many concessions as he can. They speak of the skilful way Mr Trump has treated President Xi Jinping. “Look at how he handled North Korea,” one says. “He got Xi Jinping to agree to UN sanctions [half a dozen] times, creating an economic stranglehold on the country. China almost turned North Korea into a sworn enemy of the country.” But they also see him as a strategist, willing to declare a truce in each area when there are no more concessions to be had, and then start again with a new front.
For the Chinese, even Mr Trump’s sycophantic press conference with Vladimir Putin, the Russian president, in Helsinki had a strategic purpose. They see it as Henry Kissinger in reverse. In 1972, the US nudged China off the Soviet axis in order to put pressure on its real rival, the Soviet Union. Today Mr Trump is reaching out to Russia in order to isolate China.
In fact, Trump made clear on the campaign trail that he wanted to normalize relations with Russia because he saw China as the much bigger threat to US interests, and that the US could not afford to be taking them both on at the same time. He also regarded Russia as having more in common culturally with the US than China, and thus a more natural ally. Given the emphasis that Trump has placed on US trade deficits as a symbol of the US making deals that are to America’s disadvantage, by exporting US jobs,
However, even if the Chinese are right, and there is more method to Trump’s madness than his apparent erraticness would have you believe, there are still fatal flaws in his throwing bombs at international institutions.
In his 2016 book The Vanishing Middle Class, MIT economist Peter Temin detailed how the U.S. has been breaking up into a “dual economy” over the last several decades, moving toward a model that is structured economically and politically more like a developing nation—a far cry from the post-war period when the American middle class thrived.
In dual economies, the rich and the rest part ways as the once-solid middle class begins to disappear. People are divided into separate worlds in the kinds of jobs they hold, the schools their kids attend, their health care, transportation, housing, and social networks—you name it. The tickets out of the bottom sector, like a diploma from a first-rate university, grow scarce. The people of the two realms become strangers.
French economist Thomas Picketty provided a stark formula for what happens capitalism is left unregulated in his 2015 bestseller, Capital in the Twenty-First Century. It goes like this: when the rate of return on the investments of the wealthy exceeds the rate of growth in the overall economy, the rich get exponentially richer while everyone becomes poorer. In more sensible times, like the decades following WWII, that rule was mitigated by an American government that forced the rich pay their share of taxes, curbed the worst predations of businesses, and saw to it that roads, bridges, public transit, and schools were built and maintained.
But that’s all a fading memory. Under the influence of political money, politicians no longer seek a unified economy and society where the middle class can flourish. As Quart observes, the U.S. is the richest and also the most unequal country in the world, featuring the largest wealth inequality gap of the two hundred countries in the Global Wealth Report of 2015.
You are bipolar!!Income inequality is primarily affecting millenials and less educated people. That is a main driver with delayed marriage children etc along with student loan and cultural changes. These are the very same people you claim will drive the economy to unprecedented highs!
LOL!!!!
Remember Trump Derangement Syndrome Patient Zero?
https://vimeo.com/191751334
Question. I got two quotes on a concrete patio one for 3,200 and one for 8,500 exact same job. In fact the cheaper price also included a small side walkway. My research tells me the price should be in the 3500.00 range. Any ideas on why such a vast difference in the two quotes?
re: “Any ideas on why such a vast difference in the two quotes?”
3B – Contractor B obviously is going to use gold plated rebar…
Lib, if it is such a creampuff and the spread between dealer bid and retail sale is so large can’t you find a friend/family member that would appreciate it?
I’ve seen it done a few times around here…both sides are happy.
Of course, it needs to actually be in tip-top shape. Don’t need a familial/neighborhood dustup when the tranny goes in three months…..
Juice something doesn’t make sense! Thanks for the housing wire link.
It IS in tip top shape. Just have no family interested in a 20K used car. Seems no one is. Gonna lower price by $500 each of the next two weeks and then will try Caravan.
It IS in tip top shape. Just have no family interested in a 20K used car. Seems no one is. Gonna lower price by $500 each of the next two weeks and then will try Caravon.
Did you read my last post. Millennials are finally in career jobs. Older millennials are already moving up in career jobs.
3b says:
July 26, 2018 at 6:26 pm
You are bipolar!!Income inequality is primarily affecting millenials and less educated people. That is a main driver with delayed marriage children etc along with student loan and cultural changes. These are the very same people you claim will drive the economy to unprecedented highs!
Income inequality is the reason the millennials are a decade away from previous generations when it comes to starting a family and buying a home. Who do you think was getting squeezed? The millennials are almost done with this. A new generation will be getting screwed as they hit their 20’s
The millenials were not screwed. A lot of them decided that it was Obama’s gift from heaven with 99 weeks of unemployment. There was no shortage of Help Wanted signs all over the place post 2008 crash. I would know. I went in to all of them looking for night work after my day job.
Pumps you just keep making crap up as you go along. Totally incoherent and irrational. Back to ignoring you again.
It’s the only way.
3b,
What am I making up? It’s the truth.
3b,
They are growing up, getting real jobs. Everyday thousands of boomers retire opening up doors for millennials. You just don’t understand demographics and its application to economics.
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The U.S. Housing Market Looks Headed for Its Worst Slowdown in Years – Bloomberg
https://apple.news/ATBGcX1pcT_qvmaPWQw3ymA
“This could be the very beginning of a turning point,” said Robert Shiller, a Nobel Prize-winning economist who is famed for warning of the dot-com and housing bubbles, in an interview. He stressed that he isn’t ready to make that call yet.
Yes, the market is taking a healthy breather. This is no bubble or crash.
“Buyers want to shop and take some time, as opposed to having to rush and throw offers in,” Miller said. “It’s the market correcting itself. At some point, you hit a peak of momentum, and then things level off.”
Still, market watchers note that the housing sector has strong support from a healthy labor market and steady economic growth, which indicates a stabilizing trend for home prices rather than anything close to the experience of the crisis, when property values plunged. And shares of D.R. Horton Inc., which builds a lot of starter homes, rose as high as 8.7 percent Thursday morning after the company reported a 12 percent jump in orders.
“The rate of home sales, new and existing, has probably peaked,” said Ian Shepherdson, chief economist at Pantheon Macroeconomics. “But it’s not going to roll over. It will gently decline.”
The Original NJ ExPat says:
November 22, 2016 at 11:24 am
Pumps knows more than any other human. He just can’t figure out a way to do anything with it other than remind people.
FB yesterdat, TWTR today. I’m coining MySpacification. When the kids leave all you have left is old people who don’t buy anything.
@robreiner
Started the day by saying that the President of the United States was fukced.
Now I can say he is *royally* fukced.
He’s looking at the whole boatload: Conspiracy Collusion Obstruction of Justice.
Get out your umbrellas for the lying vomitous tweet storm.
@MoJoPodcast
“If John Dean was a torpedo that sank Nixon, Cohen is more an aircraft carrier.
He probably has ammunition that can strike multiple Trump targets.
His cooperation with prosecutors could dramatically reshape and perhaps expand the Trump investigations.”
I’ll guess on the GDP number at 4.8
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Actual 4.1
Last quarter upped from 2.0 to 2.2.
Hot damn
Trump just about told everyone at the rally yesterday.
And just like that a year- long sabbatical ends (sniff)
I start work Monday – A moocher no more .
But economists warned the growth spurt may be unsustainable and the evidence so far is that the benefits of the mini-boom have disproportionately gone to the wealthiest Americans.
The last time the economy expanded at a comparable pace was in 2014, when growth hit 5.2% in the third quarter.
Who agrees with me that there would be no talk of Russian collusion, obstruction, etc. if only the economy was in the shitter? The MSM would be talking about the economy 25 hours a day instead of zero hours a day.
My Daughter says old people ruined FB!!!
And if the economy was in the shitter, the open borders problem would fix itself too, so that would also be getting zero hours as well.
I remember when FB was starting to go mainstream – You were not allowed to register unless you had a .edu email address.
^^^and I didn’t have one, and I wanted one.
How crazy is it that Pumps is on FB, but he posts nothing, maybe two posts a year, if that. It proves that he has no family, school affiliations, or community whatsoever except for the abuse he voluntarily drops his pants for here. Sad.
His last post was 15 months ago. 6 Likes.
9:02 “…not at all creepy….” or why people dump FB…
Meanwhile in GOP land: Trump said: …..I did NOT know of the meeting with my son, Don jr. Sounds to me like someone is trying to make up stories in order to get himself out of an unrelated jam (Taxi cabs maybe?). He even retained Bill and Crooked Hillary’s lawyer. Gee, I wonder if they helped him make the choice!
I thought for ABSOLUTELY SURE Trump was going to be impeached 3 months after taking the oath. What happened? Right now, even if Trump was impeached (which IMO has about as much a chance of happening as Moana saying something indicating a scintilla of intelligence), I can guarantee you that the Rs would win the next election. The Dems still don’t get it. It’s simply incredulous. Let me spell it out for elitists and academics who too appear not to have a modicum of intelligence as well.
TRUMP didn’t WIN this election. The DEMS lost it all by themselves. Trump is a buffoon. What’s that say? THINK!
The more you bash the buffoon, the more you are to blame.
And the Russian collusion thing absolutely wreaks of crying sore loser.
But don’t worry Pelosi. You got this.
I just love my njrereport peeps!
The daily barrage by the petulant weaklings on the left is the best campaign material possible. They’re f.ucking unhinged beyond belief and I openly despise everything they stand for. They are a miserable, calamitous bunch of depressed beings.
I don’t buy your line of stupid Eddie.
Americans Have Been Saving Much More Than Thought, New Data Show – Bloomberg
https://apple.news/AynCluEufQMGmWUmCxV1xgQ
So the 20K+ check from Synchrony Bank is in the mail today. I’m thinking about writing FU across the front of it and sending him back a photo.
A pathetic lot, all of them. Their message is doom, constantly. It’s sickening. Despise those that achieve personal gain happiness and then ask that they foot the bill.
And as per the article most of the increase in savings comes from the fact that small business owners made more money to sock away not because workers wages increased.
‘I thought for ABSOLUTELY SURE Trump was going to be impeached 3 months after taking the oath. What happened?’
It’s amazing how things have changed. Booming economy, popular president, years of all-encompassing investigations turn up nothing except a lie about an affair, and we had instant impeachment.
So quaint from where we are now.
“TRUMP didn’t WIN this election. The DEMS lost it all by themselves.”
This line of thinking is incorrect, and indicative of too much exposure to the false narrative spun by the “mainstream” media (DNC).
Hillary didn’t lose, Trump won. There is a significant difference. Trump won on the following campaign promises, upon which he has kept his word and worked hard to keep those promises:
1) Border security.
2) Returning jobs and factories to US soil.
3) Fixing broken trade deals.
Trump won on the ISSUES. These are the ISSUES people care about, not “Stormy Daniels” or any other media-spun faux outrage of the week.
Oddly, there is not a single democrat who consider these key issues important, even today. Expect a Trump sweep in 2020, and more shocked and sobbing talking heads on election night, again.
Gee, and when’s the last time you heard the term ISIS?
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‘Gee, and when’s the last time you heard the term ISIS?’
Is this a joke? Yesterday:
‘Coordinated ISIS attacks kill more than 200 in Syria’
https://nypost.com/2018/07/26/coordinated-isis-attacks-kill-more-than-200-in-syria/
I would say this President is still a question mark,
Oddly, there is not a single democrat who consider these key issues important, even today.
Men confused over their gender status and fat, p1ssed off lesb1ans are the hallmarks of the democrat platform.
Bagholder,
Please. It’s a fragmented bunch of gangs claiming to be this powerful resistance. ISIS is gone. Call them whatever you wish. The JV team your leader talked about is long gone.
‘The JV team your leader talked about is long gone.’
Your binary world is sad.
Your binary world is sad.
Go tell it to Stormy Daniels.
Observer.
We are saying the same thing in different ways. Semantics mostly.
My point is the same as yours except where I see Trump as a buffoon you reserve your opinion.
Where we agree is that the issues the DEMs focus on are completely unrelated to the economy and it’s all about the economy stupid.
So Trump WON because he focused on the economy. Or the DEMs lost because they focused on everything but the economy.
You will never win when so much of your message applies to a minority. So great, you won the transgender vote. :P
Stormy, definitely not binary. Monica, very well could be.
What is Deblazio’s wife these days?
“FB yesterdat, TWTR today.”
On record even here I think that both have major issues.
TWTR is not a company, it is a product. Fairly limited one at that. It should be in another company’s portfolio of products (acquired) but no one is going to pay these multiples. Made good coin playing sell 20 buy at 15 waves before the recent breakout. Needs to continue to come down in value hard.
FB has a major problem in that its product is exactly what is being targeted by every regulatory agency. They exist solely to aggregate, parse, and sell everything about you to as many people as possible for the highest possible price. It was almost Orwellian watching Zuckerberg in front of Congress talking about data and user confidentiality. Lost some money on my shorts there, too early. FB should go down further, but don’t know if market will take them there. I’m staying away….once burned and all.
“the benefits of the mini-boom have disproportionately gone to the wealthiest Americans”
I really don’t grasp how clueless the Left can be….It’s simple reality and mathematics…
**Gains will always go disproportionately to the wealthy**
Mathematically, it is inevitable
The wealthy typically
Have homes, and more desirable homes
Have jobs, and jobs in higher demand
Have investment portfolios, and larger ones
So…….when the value of everything goes up:
If you have nothing you get more of…nothing.
If you have something you get more of….some things.
Liberals cannot seriously be so stupid to not understand this. Has to be some kind of ruse.
So you finally get it. Now you know why a capitalist system needs redistributive measures in play through a progressive tax system in order to function longterm.
“Mathematically, it is inevitable”
10:36 We’re all relieved you know your own gender,
Wrong Pumps. Lazy spendthrift kids in succeeding generations do organic redistribution.
Kennedys not so rich anymore, right?
Pumps – your Dad had a thriving drug dealing business. What became of it?
3 generations – most found money Gooooone
Left Wing
“**Gains will always go disproportionately to the wealthy** ”
You should have stopped there.
There will always be an income gap! Though, it will continue to get exponentially larger and at an accelerating pace due to our governments inability to slow the accelerating rate since it was purchased by the wealthy.
Making matters worse is that the rich have become more greedy than ever and the amount of philanthropy less.
Sadly, the money tree, which these uber rich have cleverly purchased, will die that much sooner due to their greed.
It’s human nature.
Yet, the masses of asses continue to be satisfied enough with the rotten fruit that the rich don’t want. So be it. I’ll be in Costa Rica my friend.
Joe Kennedy was a bootlegger.
Peter Lynch was quoted as saying (I’m paraphrasing from memory), “I like to invest in companies with simple and understandable products, products that even an idiot can understand because, sooner or later, every company is run by an idiot.”
Another one bites the
muffdust.Leslie Moonves Accused of Sexual Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://www.hollywoodreporter.com/news/leslie-moonves-accused-sexual-misconduct-ronan-farrow-expose-1130268
Another one bites the
muffdust.Leslie Moonves Accused of Sexu@l Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://www.hollywoodreporter.com/news/leslie-moonves-accused-sexual-misconduct-ronan-farrow-expose-1130268
Another one bites the
muffdust.Leslie Moonves Accused of S3xu@l Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://www.hollywoodreporter.com/news/leslie-moonves-accused-sexual-misconduct-ronan-farrow-expose-1130268
Another one bites the dust.
Leslie Moonves Accused of S3xu@l Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://www.hollywoodreporter.com/news/leslie-moonves-accused-sexual-misconduct-ronan-farrow-expose-1130268
Another one bites the
muffdust.Leslie Moonves Accused of S3xu@l Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://goo.gl/1ASajU
Another one bites the dust.
Leslie Moonves Accused of S3xu@l Misconduct in Ronan Farrow Exposé
BTW, was I the last one to find out (from my wife, which makes it worse) that Ronan Farrow is the son/stepson that Woody Allen used to refer to as Satchel?
https://goo.gl/1ASajU
Another one bites the dust.
https://goo.gl/1ASajU
This turban man story continues to irk the shlt out of me. What weak minded petty whiners he and Murphy are. This mofo has the stones to wear his towel in every public building, in front of women, elderly, in the work place and then claim his cultural sensibilities have been aren’t respected. Fvck this guy and fvck all of the scared weak minded progressives.
Dems have become the Taliban. Wait until they bend over for Sharia Law.
I wonder what would happen to a gay couple who wanted a custom wedding cake created at a Muslim bakery?
Lib
Love you brother but…
“There will always be an income gap! Though, it will continue to get exponentially larger and at an accelerating pace due to our governments inability to slow the accelerating rate since it was purchased by the wealthy.”
Not sure that’s the reason. I would argue the education and skills gap between the highest paid professions and the lowest have widened. If you’re a janitor the broom has been around in the same form for more or less three millennia and the ability to wring more productivity or value out of it is zero. Contrast that to the skill sets and productivity of graduates of MIT, Stanford, etc over even the last fifty years.
“Making matters worse is that the rich have become more greedy than ever and the amount of philanthropy less.”
Doubt this to be true, don’t have time to research. Given the explosion in wealth as well as the size of the cohort retiring/expiring I’d suspect philanthropy is up recently. In any case, I also suspect the long term delta in philanthropy is historically little more than a rounding error in the size of the wealth gap.
“It’s human nature.”
Respect yourself man. That’s a non-answer. That’s the village idiot’s go to answer. Don’t go there.
Pura Vida baby. I’ll be down there with you. A little bit further south on the peninsula is my flavor though.
Lyudmila Rudenko’s 114th Birthday
×
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The Ghost of Tom Joad
Song by Bruce Springsteen
OVERVIEW
LYRICS
OTHER RECORDINGS
SIMILAR SONGS
1 of 4
2 of 4
Men walking ‘long the railroad tracks
Going someplace, there’s no going back
Highway patrol choppers coming up over the ridge
Hot soup on a campfire under the bridge
Shelter line stretching ’round the corner
Welcome to the new world order
Families sleeping in the cars in the southwest
No home, no job, no peace, no rest
Well the highway is alive tonight
But nobody’s kidding nobody about where it goes
I’m sitting down here in the campfire light
Searching for the ghost of Tom Joad
He pulls a prayer book out of his sleeping bag
Preacher lights up a butt and he takes a drag
Waiting for when the last shall be first and the first shall be last
In a cardboard box ‘neath the underpass
You got a one-way ticket to the promised land
You got a hole in your belly and a gun in your hand
Sleeping on a pillow of solid rock
Bathing in the city’s aqueduct
Go!
Well the highway is alive tonight
Where it’s headed everybody knows
I’m sitting down here in the campfire light
Waiting on the ghost of Tom Joad
Bruce
personally, I think FB was staring at the mid-term elections, and did not want to be in the crosshairs…… if you looked at their closing price on Wednesday at $218, I think it was a calculated decision to sandbag their prospects solely due to the complete free pass that the market had given for the CA transgression……. the next time they report numbers it will be late October, just days before mid-terms. They do not want people campaigning using FB as a sound bite or platform. Further, the idea of FB stock raging at all-time highs in the face of all this vilification would be a PR disaster. Better to take their medicine now, and quietly continue on the same path while pitching the narrative of repentance.
leftwing says:
July 27, 2018 at 11:07 am
“FB yesterdat, TWTR today.”
On record even here I think that both have major issues.
FB has a major problem in that its product is exactly what is being targeted by every regulatory agency. They exist solely to aggregate, parse, and sell everything about you to as many people as possible for the highest possible price. It was almost Orwellian watching Zuckerberg in front of Congress talking about data and user confidentiality. Lost some money on my shorts there, too early. FB should go down further, but don’t know if market will take them there. I’m staying away….once burned and all.
^^^^interesting take. makes sense as well since there is no way margins are going to the 30% caution/sandbag range anytime soon.
if zuckerberg did your political math and then actually acted upon it through the earnings release he is even more frightening than i thought. major machiavelli with mongo balls to execute.
Lefty,
I have the thickest of skins so no harm taken.
Though I think today’s philanthropy is a little different than yesterday’s. Cite me some examples and I’ll join your caravan. So many libraries, parks, museums were built through philanthropy. Today, the closest thing I ever see (besides maybe Gates and Buffet) are things that enrich the rich family’s empire. I’m just not seeing it. What I am seeing is the middle class getting fleeced to pay for the breaks that the ultra rich can afford to take. Why is labor taxed at a higher rate than investment gains for example?
I think FB will be just fine and am close to entering the fray. Will probably buy in another week or so. Just want them out of the spotlight. The privacy stuff is a non-issue to the masses.
If it’s okay to make fun of Sihks wearing turbans is it equally ok to make fun of Jewish people wearing yarmulkes and Christians wearing crosses (or putting ashes on their foreheads)?
Because I haven’t heard a rational argument in favor of any of those things.
Finally, didn’t expect the market to react the way it is today to the growth number. This Trump market is definitely a tricky one to profit off of.
I’m cool with poking fun at the Jews. Then again, names will never hurt me.
Remember Charlie Hebdo?
This is where the recent politic is going to take us.
FB doesn’t give punkin the quantity of negative feedback he craves like this place does.
Which side do you support?
Lib, may look into the philanthropy angle out of curiosity, not enough time now. Heading to real ‘Merica (white bread, whole milk) tomorrow morn. Getting things done, closing some positions. Was going to respond anecdotally with all the new colleges endowed at universities under businessmens’ names and then recalled that Rockefeller did U of Chicago in its entirety I think.
On today’s market, going to do the winner’s whine. Went into last night short a fave financial on the assumption that it would take a significant beat on gdp over this already high expectation to move market up. Was looking for 10T yield to dip on tepid gdp reception and corresponding decline in financial. Felt backstopped by a summer Friday and all the earnings coming next week, desks wouldn’t want to be long over the weekend.
Financial didn’t work exactly as thought but position moved 2x and I cashed out. Banging my head against wall because I also took 283 SPY puts at 0.39 last night….dumped in a little hair trigger selling this morning in two tranches at weighted 2.5x…watched the fcuking thing do a nice glide into $2.40 or 6x….can’t afford to leave that on the table….
Anyone feel like sharing investment views lmk. Ex, think you have a shared group going around. I’m generally event driven after establishing a fundamental, market, tech, or pattern view.
You are in la la land. Keep justifying the greed at the top with bs like this. And belittle labor, real nice! If someone has to push the broom, it’s god honest work. Go f’k yourself with this crap. These are human beings trying to live and survive like anyone else. Is their job harder than a lawyer or doctor who do absolute sh!t these days except sign off on documents?
“Not sure that’s the reason. I would argue the education and skills gap between the highest paid professions and the lowest have widened. If you’re a janitor the broom has been around in the same form for more or less three millennia and the ability to wring more productivity or value out of it is zero. Contrast that to the skill sets and productivity of graduates of MIT, Stanford, etc over even the last fifty years.”
Non-answer? Are you this arrogant? Really? It’s the source of income inequality Mr. idiot. Good ol human nature, taking so much more than is actually needed on the basis “it’s all mine.” Do they need it, but human nature won’t let them stop taking. Like 400lb tub of sh’t can’t stop eating.
“Respect yourself man. That’s a non-answer. That’s the village idiot’s go to answer. Don’t go there.”
No one. By all means if you see that it’s fine with me to comment or joke about it.
And if someone does get called it for it I hope they don’t turn into hysterical cry babies and start screaming rRACIST!
There is good clean fun and there is hate. Turban Man is way closer to the former than it is to the latter. Not sure why it’s news, except that it aligns real nicely with the puss-e grabbing narrative.
Lefty,
Do you agree that all forms of extremism are bad? Moderation is key, right?
So why do you ignore monetary accruing extremism? You are telling me there is nothing bad that comes from extreme wealth collection? Has no impact on society or the economy we participate in?
The easy answer is because there is more labor than investment gains, measured in dollars. The other case you can make is that investment gains are only taxed when they are realized. Tax them at a higher rate, you’ll probably find that they are realized less and won’t flow back into the economy at the same rate.
Why is labor taxed at a higher rate than investment gains for example?
Here is something I’ve been pondering for quite a while.
Wall Street financial alchemists are the scum of the earth. They make their riches off of debt. Debt is really an instrument of the devil. Nothing good ever comes of it. The truth of the matter is, we’d all be way better off without access to debt. We all know how readily available credit simply drives up the prices of items that credit is available for.
So why do we keep rewarding these agents of debt by electing them governors and allowing them to sit on boards and so on and so on? Do we not expect these devious souls to utilize the same dirty, slight of hand tactics when elected to represent us?
We saw it with Murphy in week one when he ran on making the pension liabilities whole and then dug the hole larger by simply raising (his) expected return rate for them going forward so he could make much smaller payments.
How stupid are we?
Lib – on your other point, philanthropy – ironically, that would probably go up with a higher tax rate on investment gains. Instead of realizing a highly taxed gain on a stock, for instance, you can donate that stock to a charity and get a huge write-off.
“Tax them at a higher rate, you’ll probably find that they are realized less and won’t flow back into the economy at the same rate.”
Not sure about that. It’s the same argument used about raising taxes on the rich. There’s not enough of them to make enough of a difference. Plus, where would the incentive be for them to work harder to create opportunity for the plebes? Perhaps, more opportunity would come from taxing labor less and investment income more?
2:57 we are self -serving at best.
Are the rich really creating opportunity for the masses by investing in say Goldman Sachs?
Oh the dumb thoughts that enter my head!!! You should ask Gator to share my dreams with you guys some time. I remember them in great detail, and like Pumpkin’s thoughts, they seem so real and logical before I wake up. Then once I share them with Gator, I realize that she must be killing me over time with laced ice cream or something.
Lefty,
I don’t understand how you see no problems with it. Do we just ignore it and the problems go away?
Even if it didn’t produce a negative effect on the economy, do we want people in possession of an endless supply of money? Do you realize a billion dollars makes someone a god amongst men? They do whatever they want. I’m sure there are some sickening stories within this billionaire class. From slavery to sick fantasies brought to life, all because they have an unlimited supply of money. Ever hear of a billionaire going to jail? Rarity, now why? God knows what goes on.
Does this apply to all billionaires, of course not, but better believe it is happening. When someone goes to the dark side and has that kind of money aka power, watch out!
You mean like houses, cars, and college education? I was just writing to somebody about this today. Worse still than credit is government guaranteed debt/credit.
A lot of people think that people lost their homes and farms during the Great Depression because they defaulted. That’s not true. They lost their property because they couldn’t refinance. Back then mortgages were 5 years with a balloon payment at the end. Even in good times, nobody could afford the balloon payment, you just refinanced the remaining debt every 5 years. Banks wouldn’t lend during the Depression so people lost their property because they couldn’t afford the balloon payment and they couldn’t refinance. The government later created 30 year loans and that’s what caused the house my parents bought new in 1965 for $25,000 to sell in 2006 for $420,000, worth about $350,000 today, 12 years later after the last greater fool bought it from the owner my parents sold it too, or maybe the one after that.
Government home loans – put home prices out of touch.
Government college loans – put college prices out of touch.
Government health care involvement – we know how that’s gone.
Oh, don’t forget Lyndon Johnson’s war on poverty and the creation of the welfare state – How’s that working for eliminating poverty a half century later? It’s only working to raise the standard of living of Central Americans, et al arriving here illegally, that’s how it’s working.
Bottom line – If you want to drive up the price of anything, just get the government involved.
One last note (pun intended) – car loans. If it was unlawful to buy a new car for anything except cash…how much would a new car cost? We could easily build $7K-$10K cars, but why would we? Credit is freely available so manufacturers will gladly only offer at the higher price points. Does anybody remember when we drove 2000 pound cars with no air conditioning, no power windows, no stereo, hell – no cup holders and certainly no vanity mirrors!
We all know how readily available credit simply drives up the prices of items that credit is available for.
I’m sorry, it’s hard to be a good person and accrue a billion dollars. You really have to do some f’d up stuff to get to that level. Are there good ones, sure, but majority have some skeletons in that closet.
Bible didn’t have the line about it being easier for a poor person to get to heaven for no reason.
” Does anybody remember when we drove 2000 pound cars with no air conditioning, no power windows, no stereo, hell – no cup holders and certainly no vanity mirrors!”
My 95 Civic had a stereo and I had to pay $1,200 for the AC. Then again. Even with those two options, my car was under 12K.
Oh no. He’s quoting the bible now.
Could you just imagine how much better off your municipality would be if they didn’t need to issue bonds to build anything? Calculate how much of your property taxes goes to debt service. If you did, you wouldn’t be arguing about how much Trump is giving to the farmers.
“Debt is really an instrument of the devil. Nothing good ever comes of it. The truth of the matter is, we’d all be way better off without access to debt.”
Careful what you wish for…..going to an equity/cash ability to pay society has serious equality ramifications.
Mortgages opened home ownership to the masses, previously it was the province of the wealthy. MBS and loan sales opened ownership to underserved areas. Will debt have adverse effects if taken to extremes? Of course, as does penicillin, vitamins, and exercise.
Personally, my and my families’ lifestyles have been made possible by debt. Without easy access to mortgage my situation growing up would have been much different, and without loans I would not have attended the university that set me on my pathway.
Inanimate objects like debt are neither good nor evil. Those attributes arise from the (mis)use of them by (un)intelligent beings….
Pumps – your brain is so low on horsepower you don’t even know how long a billion seconds is.
I’m sorry, it’s hard to be a good person and accrue a billion dollars.
3:17 – in NJ I felt the 50s influence in those repurposed shit shacks
Out here it’s 80s all the way. Danté has it right.
Pumpkin is candide.
How ’bout that VIX today?
“the (mis)use of them by (un)intelligent beings….”
We gotta have a beer soon and argue in person.
I would say that Wall Street exists due to the continued marketing of misuse of debt to the unintelligent beings. It’s morally reprehensible. I say this as I take advantage of another 0% credit card transfer offer with no fee.
Pump’s brain could use some Stabil.
I bought my ’84 CRX for $7700 ($1,000 over $6,700 list! which was acutally a good deal). Since AC was dealer installed, I saved up the $700 or $800 it cost for AC and bought it 3 months later. I bought it with no stereo or radio whatsoever (I yelled at them over the phone telling them if there was any kind of radio in it when I got there(big $ dealer add-on) I was walking out. Easiest 4 speaker stereo install I ever did. The car came pre-wired, with speaker grills, and threaded holes for speakers, which I had a hunch was the case. All I had to do was buy the head unit, four speakers, and $5 Honda mounting kit from the car audio place.
My 95 Civic had a stereo and I had to pay $1,200 for the AC. Then again. Even with those two options, my car was under 12K.
“Tax them at a higher rate, you’ll probably find that they are realized less and won’t flow back into the economy at the same rate……….Not sure about that.”
Isn’t Exhibit A the $285B of overseas profit repatriated by Apple?
Tax it at current US rates, zero flows into the economy.
Drop the US rate, $285B comes back with $30B+ of direct taxes to the government and whatever amount into the economy……
Lib, your ice cream must be laced with something really good. Econ and Common Sense 101…..If you want less of something, tax it. If you want more of something, subsidize it.
$5,000 down, one year loan, 12 payments @ $273.81 per month and the car was paid off in Spring ’85.
“We gotta have a beer soon and argue in person.”
GTG at Silk City on a lazy summer weekend. Can talk hockey too. Only slightly less contentious than econ lol.
That’s corporate tax treatment. Which is also rife with loopholes and tricks. A very different animal than personal income taxes and how people behave based on changes to them. Though I will agree with you that if your tax is lower than your neighbors, you’ll do your business here.
Yeah. I’ve got some free time this weekend. Though Red Bulls on Saturday night. Wanna catch a game? My treat. Tickets are like $8 on the secondary market. :P
We can pregame at Grim’s hootch cage.
My Father who was an immigrant believed debt was the work of the devil. The man lived his entire life without a credit card! Debt combined with human nature, the ability to be tempted does equal the work of the devil!
I have barber who doesn’t even have a telephone. Not even a landline.
I hiked the NJ part of the Appalachian Trail in 1978 with just my dog. Maybe 8 days of hiking. I didn’t have a radio, and I didn’t bring a watch. I went more than a week never even knowing what time it was. It was pretty great.
Left wing,
The overseas money being stockpiled and then brought home has more to do with the US giving away our market for free. I don’t remember it exactly but I like Juice Box’s idea about a gross receipts tax.
I’ve hiked nearly 2/3rds of the AT ExPat. The NJ portion kind of blows. Pennsy too. The rest is spectacular.
We have no land line in our house, a first for us. The bedrooms are all upstairs and we don’t let our daughters have devices upstairs when they go to bed. My wife and I don’t bring our cell phones upstairs at night either. You pretty much can’t reach us outside of normal waking hours.
“I’m sure there are some sickening stories within this billionaire class.”
I’m sure there are some sickening stories within (the unemployed people on welfare class).
Punkin – which group do you think generates the highest rates of murder, assault, rape, underage pregnancies, etc?
JJ,
Was it 8 days or 2 weeks?
https://njrereport.com/index.php/2018/01/10/in-foreclosure-for-10-years/#comment-838031
PS. The details people exaggerate in stories are supposed to get bigger as one ages.
“underage pregnancies”
Be careful. We might just know who you are Jorge Mario Bergoglio.
Or when you’re posting comments at 3am…
The Original NJ ExPat says:
July 27, 2018 at 4:17 pm
We have no land line in our house, a first for us. The bedrooms are all upstairs and we don’t let our daughters have devices upstairs when they go to bed. My wife and I don’t bring our cell phones upstairs at night either. You pretty much can’t reach us outside of normal waking hours.
Lib, like to thx for the invite but heading out of town this weekend. Next time.
I might have gone from half to two thirds in recent years. But I definitely covered more than half.
Joyce…you are funny!
No problem Lefty. Another time.
I agree. A decent day hike was shown to me by a guy I met on the NJ side when I used to hike it the day after Thanksgiving each year (since my in-Laws live in Blairstown where we often spend Thanksgiving). I met this guy at the top of the Delaware Water Gap on the NJ side and we hiked down together and he told me he liked to drive to the PA side and hike up Mt. Minsi on the PA side, take a gander at the NJ side where you already hiked in the morning and then go back down. It’s a pretty decent day hike climbing and descending both sides.
I’ve hiked nearly 2/3rds of the AT ExPat. The NJ portion kind of blows. Pennsy too. The rest is spectacular.
I understand your point and agree. But I think you’re missing the forest for the trees:
https://m.youtube.com/watch?v=rAdUuGsi30g
Provocateur says:
July 27, 2018 at 4:18 pm
joyce – I was just thinking about you yesterday! I was searching for something when I found this gem from the past. Enjoy!
The Original NJ ExPat says:
November 22, 2016 at 10:58 am
joyce – You couldn’t find it because I did not say that. You read my words and internalized a completely different tale of your own fabrication. It took me 4 seconds to find the post you referenced and you can’t find it because it doesn’t say what you think you remember. Also, chicks aren’t too good listening or remembering facts. Your strength is putting your own feelings to fiction and locking them away.
Mt. Tammany on the Jersey side is the best hike in NJ. I did it last Wednesday and I could barely walk again until Sunday. It caused me to diet and I’ve lost nearly ten pounds since. Nothing will give you a dose of reality than trying to keep up with a 13-year athlete when you are obese and approaching 50. Heck. So far today I’ve had half a banana, two eggs with a little ham and celery and peanut butter. Probably a salad for dinner.
I’ve hiked up the Pennsy side. Longer hike, less rewarding view. Way less crowded though.
Wyanokie circular trail is a good Jersey hike. Then Wawayanda and Blairstown Ridge where you can climb the fire tower at the top (or at least you used to be allowed to). There’s even a decent hike (short though) by William Paterson to the highest point in Passaic County.
https://www.nynjtc.org/map/high-mountain-park-preserve
Lib – wait until you hit 58! I agree, on the PA side, IIRC, it seems like you are just on a narrow dirt trail, overgrown on both sides, with no real rock features and no views unless you know where to branch off the trail to look. Thanks for reminding me that the Mountain is Tammany on the NJ side.
When I took my dog on that trail in my Youth (Delaware Water Gap to High Point), hew was really confused that every time we stopped for a rest we weren’t turning back. It took him a couple days, but he caught on. I think we backtracked to Sunrise Mountain after High Point and that’s where my Mom picked us up. Usually that dog(3/4 Collie 1/4 German Shepard) would have his head out the window whenever he could, but he just plopped down in the back seat of our ’72 Vega all the way home. He didn’t even want to go for a walk again for about a week, he was content with the yard. He was probably about 10 years old at the time.
BTW, my hiking boots in 1978 were blue suede/white stripe Puma Clyde basketball shoes.
Wow! I lived less than minutes away from multiple trail heads for about 5 years and didn’t even know it. I even used to use the campus roads at William Paterson as my own personal auto race track from time to time. I always wondered what was in those woods.
https://www.nynjtc.org/map/high-mountain-park-preserve
I agree. A decent day hike was shown to me by a guy I met on the NJ side when I used to hike it the day after Thanksgiving each year (since my in-Laws live in Blairstown where we often spend Thanksgiving). I met this guy at the top of the Delaware Water Gap on the NJ side and we hiked down together and he told me he liked to drive to the PA side and hike up Mt. Minsi on the PA side, take a gander at the NJ side where you already hiked in the morning and then go back down. It’s a pretty decent day hike climbing and descending both sides.
There is a bar called the Minisink Hotel in Delaware Water Gap. It’s a biker bar but everyone there is super nice. The food is amazing. One of the best burgers you’ll ever have. We discovered it when I was 19. It was one of the few bars we knew that never bothered IDing anyone because it’s embedded in the side of a mountain. We stop there any time we head to the Poconos.
I have a distant cousin who retired at age 19 in the early 70s. We don’t even know what he did but it had to have been some sort of invention. He lives in Florida, has a duck farm, and a yacht.
Good comment, Paul.
ExExcellent