From Crains:
Mounting Manhattan inventory pulls down home prices
Prospective Manhattan home buyers had plenty of options in November, and their wallets were thankful for it.
The average price of condos, co-ops, townhouses and single-family homes on the market dropped 3.3 percent from a year earlier to $1.1 million, according to the November 2018 StreetEasy Market Reports released Wednesday. That’s the sharpest year-on-year decline since February 2009 and takes the price almost to the level of October 2015.
Inventory has been rising for months, and about 1,400 new homes hit the market in November, an 18 percent increase from the year before, the second-biggest increase since the financial crisis. The biggest increase was in the previous month, when homes on the market jumped by 21 percent.
“The combination of a ton of new homes on the market and potential buyers holding out for better deals has shifted the market dynamic in Manhattan further in favor of buyers,” StreetEasy Senior Economist Grant Long wrote in a company blog post Wednesday.
Sales volume rose 2.8 percent in November—unusual for Autumn, when they tend to slow. That “should come as encouraging news to those looking to sell their homes, but it’s too early to tell whether this will be an enduring trend,” Long said.
Sales prices gained in Brooklyn and Queens. In Brooklyn, they rose 1.6 percent from a year earlier and in Queens, 4.8 percent, helped by Amazon.com Inc.’s decision to place a new office campus in the neighborhood of Long Island City.
Welcome to Friday where an incompetent POTUS has no one left in his cabinet and is tanking a perfectly good economy.
First
Polska defeats Fulup.
Katyn statue to remain.
Oh on I”m second ..! LoL
Don’t the democrats want to reduce military spending and see an end to the never-ending overseas wars? Think about all the programs those billions of dollars can fund.
Yeah like a 3000 mile wall.
There will never be peace in the Middle East. There never was, and never will be. There is no winnable war. Today’s allies are tomorrows enemies. Support the uprising and they simply become the next dictator and enemy. It’s futile to arm or train anyone, since we’ll be fighting against them in 10 years. Any political misstep simply creates a new army of Jihadi enemies and warlords.
Yes, Trump’s a real visionary.
I’d love to see that money get invested in education, rebuilding the space program and NASA, overhaul of US infrastructure, complete energy independence including green and nuclear, subsidies for R&D and manufacturing on-shore.
I could frankly care less if the entire Middle East destroyed itself, as it’s hell-bent on doing. We’ve been declaring victory for the past 25 years, and nothing changes.
I’d rather see US enter into a new agreement with Mexico that turns it into a world-leading manufacturing powerhouse, overtaking China. The same with near-shore Latin America. This is how you beat illegal immigration.
This is just it. If we leave…we’re the bad guy. If we stay, we’re the bad guy to someone else. It’s a quagmire. Not a place I would want my son or daughter to go.
This is so far beyond national defense. My understanding is that congress authorized military action against terrorism in Syria. If ISIS no longer controls those regions, what authority is there to keep them in Syria?
Trump promised to do exactly this when he campaigned for President.
The only thing Mexico is a powerhouse in is cocaine and weed, and associated murder…..
grim says:
December 21, 2018 at 7:39 am
I’d rather see US enter into a new agreement with Mexico that turns it into a world-leading manufacturing powerhouse, overtaking China. The same with near-shore Latin America. This is how you beat illegal immigration.
Maybe it’s time to think outside the box. How about shipping large amounts of alcohol to the Middle East?
This is just it. If we leave…we’re the bad guy. If we stay, we’re the bad guy to someone else. It’s a quagmire. Not a place I would want my son or daughter to go.
Neocons are not true conservatives.they are progressives and globalists who happen to like an interventionist policy in the Middle East. They loved bama and his regime toppling drone bombing chaos policy. Keep them on the democrat party where they belong.
Lol. Fake news got caught making up stories about trump voters and then giving awards to themselves for the fake news. So many bama voting dopes that buy this stuff like the mueller Russia hoax which just died a sudden death.
Grim actually the Middle East was pretty peaceful under the centuries of ottoman Turk rule. Chaos after that when the Brits and to a lesser extent French went in and carved up the place. But you are right today there never will be peace in the Middle East. No point in staying there and having our young people come home in body bags.
Schumer and Pelosi didn’t think house Republicans and Trump had the balls to pass the bill in the house with the $5billion wall money.
There’s no good reason for Schumer and the Democrats to oppose it now. It has everything else they wanted in it.
Trump says he would gladly sign the bill and keep the government open. It’s up to the Democrats in the Senate now.
ExEssex says:
December 21, 2018 at 7:26 am
Yeah like a 3000 mile wall.
Democrats would rather see Trump lose than see Americans win.
Sure, Iraq was generally peaceful under Saddam as well.
Mexico would be very successful if Western Hemisphere markets turn a blind eye to eastern hemisphere IP infringement.
Grim Iraq was peaceful. We broke it. Ottoman rule was peaceful too. Absolute rule dictatorships that’s how relative peace is kept there. Democracy and all that simply does not and will not work there.
Iraq was peaceful? Over 1.5 Million died in the Iran/Iraq war which only ended 30 years ago. Iraq invaded Iran..after Saddam Hussein ordered that invasion and war. Then the next invasion of Kuwait in 1990.
Glad to see people like DFens still toting water for Orange dumb@ss. I guess Mathis is the enemy now. Why listen to a decorated, highly respected military general when an insane, uneducated, TV reality star/dictator knows all about Syria. You should be worried about his mental state and the state of our country. This is going beyond D or R. He is losing everyone him around due to his psychotic ego. Any rational person would have to reach this conclusion. This is not part of his grand script. It is chaos.
“Wheels down [at Dulles Airport] ready to vote no on this stupid wall,” Schatz tweeted on Friday morning.
So says the Senator that lives on a Hawaiian island.
Mattis, of course
Bystander – What you don’t like our kinder, gentler, machine gun hand?
Here is the musical equivalent to Trump’s “grand” $5b wall plan.
https://youtu.be/STHKFlO-zBw
Chris Matthews disagrees.
https://www.thisisinsider.com/msnbc-host-defends-trump-pull-out-of-syria-decision-2018-12
Bystander says:
December 21, 2018 at 10:39 am
Glad to see people like DFens still toting water
Bystander likes the deep state making all of the Decisions instead of the constitutionally elected executive. The media tells him that’s better.
Meanwhile bamas deep state caused the Syrian refugee crisis but he has no qualms.
Matthews On Syria : “The Clangors For Military Action Are Back” | Hardball | MSNBC
https://www.youtube.com/watch?v=Jr-FwUaazG8
Bin Laden is dead. Afghanistan is next.
Juice Iraq itself was peaceful. We chose to get involved. You can’t fix that place!
https://www.washingtonpost.com/world/us-diplomats-hold-talks-with-taliban-on-ending-afghan-war/2018/12/17/c25be5d0-01f3-11e9-9122-82e98f91ee6f_story.html?utm_term=.4be18ca91ee3
Did you write this on purpose?
3b says:
December 21, 2018 at 11:20 am
Juice Iraq itself was peaceful. We chose to get involved. You can’t fix that place!
3B – compared to the homicide rates in Chicago maybe.
Dfens,
Jumping the shark by quoting Chris Matthews. He wants to pull our troops from everywhere. Not exactly your stance I bet.
Gbdbls,
Is that what Alex Jones said this morning?
Would you consider yourself right of center or left of center? Why are you such a war-hawk? Don’t you want us to spend less on unauthorized pointless foreign wars and spend more on domestic issues and infrastructure?
Bystander says:
December 21, 2018 at 11:46 am
Dfens,
Jumping the shark by quoting Chris Matthews. He wants to pull our troops from everywhere. Not exactly your stance I bet.
Trump promised to remove our troops from Syria all 2,000 of them in March of this year. Mattis and Congress all knew this was coming. The fake news wants this to sound like surrender.
I realize this is a right leaning site, but it explains a possible strategy.
https://www.conservativereview.com/news/trump-doesnt-need-60-senate-votes-to-fix-the-border-and-short-circuit-a-shutdown/
Here’s how it works.
Senators don’t need unanimous consent to bring up a bill. The lack of unanimous consent or 60 votes doesn’t table a bill. It’s just that opposing senators in the minority can request to be recognized and continuously hold the floor. In recent years, majority parties have never made the minority do that. Sometimes it makes sense to pre-emptively achieve an agreement because the majority just can’t afford to chew up endless days on debate of a single issue. But sometimes there are issues worth fighting for. Either way, this is the end of the line for the 115th Congress.
How do you get Democrats to stop talking? This is where Senate Rule XIX, “the two-speech rule,” comes into play. The rule explicitly prohibits individual senators from speaking “more than twice upon any one question in debate on the same legislative day.” Given that Republicans preside over the chair and control the floor, they can refuse to officially adjourn, opting only to recess temporarily, and keep the Senate in the same legislative day indefinitely. This will ensure that even the Democrats who are willing and able to speak for a long time will eventually be forced to relent.
This never happens and is never enforced, because Republicans never force Democrats to hold the floor in the first place and McConnell simply won’t bring up legislation without a unanimous consent agreement or without 60 votes to ultimately shut off debate. But if he forced the minority to hold the floor and enforced Rule XIX, Democrats would exhaust themselves very quickly. This is a strategy laid out by James Wallner, an expert on Senate procedure who is currently completing a manuscript on the history of the Senate.
Wallner points out that Democrats do have the ability to challenge rulings of the chair and bring up points of order or call for quorum calls as means of prolonging their floor time, but Republicans can dispense with their motions with 51 votes. Eventually, Democrats would run out of steam and exhaust their two speeches per member. This would theoretically take several days or weeks, but it all depends on the determination of each side. If Republicans keep them in session day and night and over the weekends and make them hold the floor, Democrats would eventually run out of options to block a majority vote to proceed with the border wall funding continuing resolution.
This strategy is even stronger in optics than in the raw technicalities. Actually forcing Democrats to publicly hold the floor in such a dramatic and unusual way, particularly on a government funding bill, will make the Democrat speech-givers look like utter fools and obstructionists during Christmas. It’s always conservatives who look bad on funding fights, because Republicans and Trump always pre-emptively surrendered. They never bothered to pass a good bill and dare Democrats to block it. This time, however, they finally passed a good budget bill out of the House. If McConnell would bring it up on the Senate floor and rigorously demand its passage with the president ready to sign it – while Democrats are virtue-signaling like clowns for hours on end in front of the cameras – the optics would be terrible for Democrats.
A committed Republican Party could use control of the chair to grind down Democrats even more while also exposing their radicalism. The chair could enforce a germaneness rule against senators bringing up extraneous matter to the question currently before the Senate, in this case, the House budget bill. Wallner explains the utility of such an approach as follows:
They would be prohibited from using their floor time during the first three hours of session to discuss unrelated issues. On a point of order, the Chair may call the filibustering Senator to order and force the member to take his or her seat. At that point, the member will have thus used one of his or her two speeches. While the Chair’s ruling is subject to appeal, the appeal can be tabled by a simple majority vote.
I would add, in the context of this debate, that forcing them to stay on topic would make Democrats stand before the American people and demonstrate that they are engaging in a Christmas filibuster on behalf of people invading our country with violence.
Wallner, in his strategy originally designed to confirm nominees, lists several other ways the majority can speed up the expending of each minority member’s two-speech allotment.
The bottom line is that with control of the chair, 51 votes, and sheer conviction (and coffee), a majority party can assert its will, especially with the pressure of a minority filibuster causing a government shutdown. This is how the civil rights bills passed. Republicans with convictions should recognize that having sovereign borders is the civil rights issue for all Americans, rooted in the entire social compact underpinning our federal government.
But the operative condition here is “conviction.” Republicans officially control the chair and have 51 votes, but they lack conviction. In reality, this is not a 60-vote problem; it’s a 51-vote problem. Conservatives have nowhere close to even 51 votes, and that includes leaders like McConnell. They couldn’t care less about our sovereignty and safety. McConnell was busy attacking Trump last night over the resignation of Secretary Mattis rather than pounding Schumer over the border and challenging him to a Senate procedural duel.
President Trump could embarrass McConnell by sending Vice President Pence to preside over the Senate, which is his constitutional right. He can have an allied senator get the ball rolling by calling up the bill instead of McConnell. Trump must remember that his entire presidency is on the line. This is his moment. He must use the bully pulpit and every constitutional tool at his disposal to finally force a national debate over the integrity of our own borders.
Besides the air strikes all 25,000 of them since 2014 continue, women children and all “get some”
https://www.youtube.com/watch?v=S06nIz4scvI
“Air strikes by the US-led coalition killed 13 jihadist fighters and 14 of their relatives Friday in eastern Syria, a war monitor said.
The strikes came two days after US President Donald Trump’s decision to pull troops out of Syria raised fears the Islamic State group would use the vacuum to regroup.
“At least 27 people were killed this morning in Al-Shaafa,” Rami Abdel Rahman, the head of the Britain-based Syrian Observatory for Human Rights, told AFP.
He said eight children were among the 14 civilian victims and added several people were seriously wounded in the strikes.
The raids targeted IS positions in Al-Shaafa, one of the two main villages in the last pocket of territory still controlled by IS in the Euphrates River valley.
Close to 1,000 IS fighters have been killed since Kurdish-led forces, backed by coalition air strikes, launched an operation on that pocket in September.
Trump said he was ordering a withdrawal of the estimated 2,000 US troops in Syria because IS had been defeated, an assessment rubbished by many, including in his own camp.
On Friday, the leadership of the Kurdish force that has spearheaded the fight against IS warned it might have to pull back from the anti-jihadist front if a US withdrawal invites a Turkish military assault against them.
According to the Observatory, 545 members of the Kurdish-led Syrian Democratic Forces were killed battling IS since the start of the operation on September 10.”
I went to a funeral last year for the mother of my son’s friend and classmate. Her mother died of a opiod overdose.
I think having a porus border is bad for the US and it’s bad for Mexico. Having cartels running around unimpeded in Mexico trafficking in contraband bound for the US and having roves of US bound refugees parading through the country is destabilizing for Mexico.
By God I hope the Senate does the right thing.
Or maybe juice, you could just read the Mattis resignation letter. What a deep state moron, I guess. Amazing how foolish to think that Orange moron’s decisions are a sign of strength. It is like a bully’s circle of friends until bully gets his @$$ kicked..but some here will just blame Obama..sad to operate in such disreality on our lonewolf, pyscho prez. He seems only able to control really dumb ones like Perry and Devos.
“One core belief I have always held is that our strength as a nation is inextricably linked to the strength of our unique and comprehensive system of alliances and partnerships. While the US remains the indispensable nation in the free world, we cannot protect our interests or serve that role effectively without maintaining strong alliances and showing respect to those allies. Like you, I have said from the beginning that the armed forces of the United States should not be the policeman of the world. Instead, we must use all tools of American power to provide for the common defense, including providing effective leadership to our alliances. NATO’s 29 democracies demonstrated that strength in their commitment to fighting alongside us following the 9-11 attack on America. The Defeat-ISIS coalition of 74 nations is further proof.
Similarly, I believe we must be resolute and unambiguous in our approach to those countries whose strategic interests are increasingly in tension with ours. It is clear that China and Russia, for example, want to shape a world consistent with their authoritarian model — gaining veto authority over other nations’ economic, diplomatic, and security decisions — to promote their own interests at the expense of their neighbors, America and our allies. That is why we must use all the tools of American power to provide for the common defense.
My views on treating allies with respect and also being clear-eyed about both malign actors and strategic competitors are strongly held and informed by over four decades of immersion in these issues. We must do everything possible to advance an international order that is most conducive to our security, prosperity and values, and we are strengthened in this effort by the solidarity of our alliances.”
Breaking…RBG has cancer
@AP_Politics
11m11 minutes ago
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BREAKING: Supreme Court: Justice Ginsburg has cancerous growths removed from her lung.
Bystander- I tried to reply in detail but it keeps getting kicked by the spam filter. I read it yesterday.
I agree with Mattis we should not be world police we are only 4.4% of the world’s population.
I disagree on “tools of American power.” Overspending on the military to maintain a force majure is not the way to peace.
But hey what does a few short years of peace on the Korean Peninsula and parts of the middle east mean anyway?
D-FENS – colorectal cancer in 1999 and pancreatic cancer in 2009 this time lung cancer. Tough old lady for sure.
Defens not sure what you mean but yes Iraq was at peace as in no isis and all the rest. Now the country pretty much just a warring quagmire of Sunnis Shiites and Kurds. We never should have went in there or anywhere in the Middle East. It’s a crap hole!!
@tedlieu
Note to liberals who now support military force in Syria because of the Kurds or Russia or Iran or Turkey or humanitarian reasons: NONE OF THOSE WAR ACTIONS WERE AUTHORIZED BY CONGRESS. Only authorized use of force was to go after terrorists. @POTUS is right to withdraw troops.
Juice,
Really? Trump is increasing military spending from 716b to 750b in current bill. Now Rs want to play some game where he is saving us money by pulling out of Syria? Logic anyone? He is a dangerous, flippant moron.
Right…terrorism magically disappeared in Syria and ME under predisent clownface. I guess we need a new four letter acronym for a terrorist group…but we’ll wait on that until a D takes office. This way, you can hammer the term and use it as fear tactic when time comes.
speedy paper review
Bystander is another sheeple. Let’s the news tell him what To think.
If you’re making bystander upset, you’re doing it right.
Sure Gdbls, you sound so enlightbened with first hand knowledge from the Don. Of course, everyone has first hand knowledge of his idiotic lies and insane thoughts via Twitter. What a great source.
Well Mattis was about the last straw for me. If he was there then I felt like at least strong military leadership could survive the Trump sh*tstorm. You want to sweep
this as another strong week under the rug, go for it but you are the lost ones here. His resignation statement should be a warning to you and the idiot you support.
Bystander – Get it right. $617 billion for the base budget and $69 billion for war funding, legislation was signed in September.
As far as Syria goes enemy ISIS has been crushed. Rebuilding nations doesn’t work unless we are willing to outright colonize them. They have a hatred for us that will never die. Time to pull up stakes and move on.
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Dec 3rd- Trump states we spent $716b and called it “crazy”
Dec 4th – Defense officials want $733b
Dec 9th – Trump backs $750b defense budget.
You think it is going down?
Bystander – H.R. 6157 provides $674.6 billion in total discretionary budget authority for the Department of Defense for fiscal year (FY) 2019.
This bill was enacted after being signed by the President on September 28, 2018.
Umm, Juice, your prez tweeted 716b himself.
President Trump today signed into law the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (NDAA). The legislation, named in honor of Senate Armed Services Committee Chairman John McCain (R-AZ), supports $716 billion in funding for national defense for fiscal year 2019 and provides America’s service members the training, resources and equipment they need.
Oooooo Let’s hurry guys, because maybe just maybe we can put another sociopath on the Court before Trump loses his freedom.
And while we are on the Middle East there will never be peace or a settlement between Israel and the Palestinians
The House bill does (The actual law) say that much but a tweet says more? Ho Humm..
I can read the legislation and the spending out to you line by line if you like…
I went to grad school with guys from Iran Egypt and Palestine. Great guys and they’ve adopted the American culture. Not religious at all. They said the middle East is hopeless.
Juice,
You want to correct me but your prez does not have his number straight. Ok, sure. It was signed into law, nothing of renegotiated in the house.
House vote
H.R.5515, the version of the NDAA 2019 which was reported by the House Armed Services Committee, was passed by the House of Representatives on July 26, 2018 in a 359-54 vote.[5]
Senate vote
The Senate passed it on August 1, 2018 with a vote of 87-10.[5]
Presidential signature
President Donald Trump signed the NDAA 2019 on August 13, 2018
More winning Blumpy? It must be just that dang banking sector while other sectors on fire. Thought that tax cut was going to unleash hiring. I guess overseas.
Wells Fargo & Co. (WFC.N) has been hiring overseas after pledging to eliminate thousands of jobs, according to a Department of Labor investigation.
Who moves to California? The wealthier and better educated, mostly
High taxes. Stifling regulations. Exorbitant housing costs. Freeway gridlock. Fires and floods.
https://www.latimes.com/business/la-fi-california-census-migration-20181221-story.html?outputType=amp
What I tried to get you people to understand about nj. Only people leaving are retirees or people that can’t survive here and need to go to low cost area.
The resistance people have become so unhinged I have no idea what they stand for except open borders. Apparently it’s more more but less spending because trump
Wants the opposite.
1:03 good article. Went to the beach yesterday afternoon. Great attitude adjuster!
Only people leaving are retirees or people that can’t survive here and need to go to low cost area.
I have a friend who retired recently from the profession. I’m willing to bet he’s a millionaire as teaching was his retirement job. He owns a vacation home in PA just outside of NJ. He just bought in Florida. So he sold his house is Morris County. Why? It’s cheaper to live in two states than NJ alone. He spends 6 months here, 6 months in Fla. If you think people that just can’t afford it are leaving, you’re wrong. People leave because they figure, why cut $10 to $15k checks to the state of NJ in their retirement years when they can go down to $1 to $3k elsewhere. That’s a lot of trips to Hawaii, Europe, or whereever the hell you want to go.
Blue,
I believe this has to do with it
“In this winner-take-all economy, the superstar firms—think Apple, Google and Amazon, but also their increasingly high-tech equivalents in finance, health care and every other industry—appear to account for most of the divergence in productivity and profits between companies in the U.S.
As firms cluster around talent, and talent is in turn drawn to those firms, the result is a self-reinforcing trend toward ever-richer, ever-costlier metro areas that are economically dominant over the rest of the country. Ironically, the internet that many of the firms power isn’t helping. While it was supposed to erase distance, it can’t yet replace high-quality face-to-face communication required for rapid-fire innovation.
Members of the Federal Reserve, among others, have warned that the rise of geographic inequality and a deepening urban-rural divide threaten growth in the U.S. This has led some to declare that rural America is the “new inner city,” plagued by poverty, drugs and “deaths of despair.” Similar patterns of migration of wealth to cities appear to be playing out all over the world.”
https://www.wsj.com/articles/where-you-should-move-to-make-the-most-money-americas-superstar-cities-11544850010?mod=wsjeng_platform_month&tier_1=paid_social_acquisition&tier_2=Facebook&tier_3=FB+-+Engagement+-+Lift+Test&tier_4=FB+-+Engagement+-+Lift+Test+%28Group+2%29&tier_5=America%27s+Superstar+Cities&nan_pid=1864861287&ad_id=8563510
And blue, your post supports my position that only retirees and people that don’t have the skill to make it here leave.
Pumps please just stop.
Haha yeah….no one moves because they are sick of getting taxed…
Did you read that Cali article I posted. The same crap is said about Cali….legions of people are leaving because of high cost of living and taxes. Is their population going down? Are their prices dropping from this exodus?
The same exact thing can be said of nj. So many people are leaving, but the population keeps going up. Are home prices dropping in the places people want to live? Nope, either stagnant or going up. Writing is on the wall if you wish to see.
Just show me one place where you have access to good jobs, low cost of living, and low taxes. It doesn’t exist!
Blue Ribbon Teacher says:
December 22, 2018 at 12:57 pm
Haha yeah….no one moves because they are sick of getting taxed…
If I could make as much as I make here, and have the same quality of life at a much lower cost, don’t you think I would go there? It doesn’t exist. If you happen to find a high paying job in a low cost area, it will only last a few years before everything is driven up in cost by the new high paying jobs.
Remember when Austin and Nashville were cheap? How long did that last when the higher paying jobs came to the area? Those places are more expensive than Jersey now and don’t have the access to the high paying jobs that nj does.
I’m not stating that they don’t have good jobs, but just not as high paying as nyc market. So they have pretty much the same housing costs or higher, yet don’t offer the high end jobs that are available nyc metro market. So I don’t know exactly what the point of moving anywhere else is. It doesn’t make much sense to me.
Take a retiree, and it makes sense. They are no longer making money here, so they could leave for some cheap retirement area filled with a bunch of old people doing the same thing.
As for lower middle class, it also makes sense. They are still be making same sh!t wage, but with slightly lower costs on housing purchase because nj doesn’t really offer lower middle class housing. It’s almost impossible to find 200k homes unless you go to the areas in nj with no access to high paying jobs. Then again, these cheap places in nj are cheap for the very same reasons places like North Carolina are cheap. Basically in the middle of nowhere.
What I question with all this talk of nj dying….why is so much housing being developed along the parkway in south jersey? Almost all land along the parkway has been developed. Even by Middletown/Howell, you have million dollar homes being built along the parkway. Why would they build this if there is not a market for it?
I just don’t see how nj is dying because Bergen county no longer looks like it did in the 80’s or 90’s. That’s a lame reason to claim nj is in decline.
Pumpkin, I got a something for you to ponder.
What if Trump fires Fed Chair Powell. Of course you know, then the whole Fed Board will resign, otherwise they accept they are eunuchs.
What do you think the markets, all of them will do? Any gold bugs here?
Ponder it, because we are close and you are clueless.
Are their prices dropping from this exodus?
Umm, yes.
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“In the US in 2015 the top 1% had an average annual income of $1,316,985 while the bottom 99% averaged $50,107. That inequality exists and persists only because the 1% buy the politicians whose laws and regulations secure the system.”
https://www.epi.org/publication/the-new-gilded-age-income-inequality-in-the-u-s-by-state-metropolitan-area-and-county/
“What this report finds: Income inequality has risen in every state since the 1970s and, in most states, it has grown in the post–Great Recession era. From 2009 to 2015, the incomes of the top 1 percent grew faster than the incomes of the bottom 99 percent in 43 states and the District of Columbia. The top 1 percent captured half or more of all income growth in nine states. In 2015, a family in the top 1 percent nationally received, on average, 26.3 times as much income as a family in the bottom 99 percent.
Why it matters: Rising inequality is not just a story of those on Wall Street, in Hollywood, or in the Silicon Valley reaping outsized rewards. Measured by the ratio of top 1 percent to bottom 99 percent income in 2015, eight states plus the District of Columbia, 45 metropolitan areas, and 139 counties had gaps wider than the national gap. In fact, unequal income growth since the 1970s has pushed the top 1 percent’s share of all income above 23.9 percent (the 1928 national peak share, according to Piketty and Saez) in five states, 30 metro areas, and 78 counties.
What we can do to fix the problem: The rise of top incomes relative to the bottom 99 percent represents a sharp reversal of the trend that prevailed in the mid-20th century. From 1928 to 1973, the share of income held by the top 1 percent declined in every state for which we have data. This earlier era was characterized by a rising minimum wage, low levels of unemployment after the 1930s, widespread collective bargaining in private industries (manufacturing, transportation, telecommunications, and construction), and a cultural, political, and legal environment that kept a lid on executive compensation in all sectors of the economy. We need policies that return the economy to full employment and keep it there, return bargaining power to U.S. workers, increase political participation by all citizens, and boost public investments in child care, education, housing, and health care. Such policies will help prevent the wealthiest few from appropriating more than their fair share of the nation’s expanding economic pie.“
Wikileaks claims Mattis is was talking of running for president while Secretary of Defense
@wikileaks
U.S. Defense Secretary Jim Mattis’ resignation early next year may have less to do with Syria and more to do with his months long exploratory planning to run for the presidency–which is an open secret in certain DC circles
You are missing the point. With Pres.Squirrel Ginger’s desperation he’ll fire Powell, which will trigger resignations, and confidence in the Banker’s Bank aka Fed Reserve whose policies of QE and stealth bailout assured the rise of Tea Party and Occupy Wall Street. However, those same policies are the underpinning of your Real Estate and Stock bubble driven world.
So if the Fed gets the Catholic Church treatment, then kiss goodbye petrodollar, eurodollar, anything dollar and say hello to anything gold, something that Russia and China have been preparing for by amassing lots of gold and looking for a hard asset backed basket to be the new global currency.
So Trump might accomplish hellfire damnation comeuppance of Wall Street and the City, Big Global Inc, Free traders, neo-liberals, Beck’s & Limbaugh’s advertisers, Putin’s and Xi’s wet dream in one fast swoop.
Of course it means kiss the real estate, stock, bond market goodbye.
No, it has to do with Syria. Trump is behaving like a compromise manchurian/moscow president. He knows he’s cooked. Politically his only angle to is divide and conquer. As long as he has 30-40% reliably of population (aka bitter angry morally and intellectually bankrupt boomers) he’ll have pull. So he’s going to go to the end and further. All of these will be helped by Russia’s agents of influence, but exponentially helped more by Facebook, Twitter, Google, Fox, and other tech and media that will wh0re themselves for the profits.
And wikileaks is a Russian “agent of influence” front. Just go to their website, everything is anti-western. Nothing anti-Russian or anti-Putin. Is RT aka Russia Today for hacker geeks wannabe.
Progressives have become the jingoists. It’s a mad world. On the other hand America first is coherent.
Bama was a big fan of vaporizing entire villages because his advisors told him it was the right thing to do.
Hemp is now legal under the new farm bill was signed. Who knew?