From Housingwire:
Here’s how many borrowers should refinance after the recent drop in mortgage rates
Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger for the refinance market.
According to the latest report from Black Knight, 4.9 million homeowners with a mortgage can now reduce their interest rate by at least 0.75% by refinancing after the recent drop in mortgage rates.
The latest rate change brings refinance incentive to 1.6 million more homeowners than before – a near 50% jump in refi incentive in a single week’s time.
This is welcome news for lenders who have seen their profitability take a hit as the refi market spiraled downward in recent months, hitting a 10-year low just four months ago.
…
But now, the population of refinanceable borrowers is nearing a two-year high, Black Knight said, noting that if rates hold steady, the mortgage market could see major refi activity very soon.
Good Morning New Jersey
How funny is this? This came to me via email from a woman friend of mine in her early sixties:
stick shift – “millennial anti-theft device.”
WTF? Does anybody else have a Windows 10 computer that is showing the time bumped up by one hour? I can’t figure out what’s wrong (time zone, etc.), and my Mac and iPad are still correct.
ExPat,
U.K. time zone? Didn’t they just go to daylight savings time? Is your system configured for the Queen’s English? :)
Thanks, Lib. Do you happen to have his contact info?
P.S. I also took your mortgage guy recommendation a few years ago and have been very happy with him and his team. So far I’ve used Carl @ LoanDepot for one refi and one 203K purchase/reno. Will be using him again soon to refi the 203K once the reno is complete (praying for these low rates to stick around another couple of months), and will be referring my brother who is in the market now as well. Thanks for the recommendation!
Libturd, still in Union, mainly on Thursdays. says:
March 31, 2019 at 5:29 pm
Uber inspector was less uber than he used to be said one user here. The rest of us were happy with him. YMMV. You could probably do worse.
From today’s NY times. ” A CEO who’s scare for America”
This is what is missing from today because of the boomer locust.
From there, Georgescu’s life moved quickly. The headmaster of Phillips Exeter offered him a spot at the school even through he spoke no English and hadn’t attended any school for much of his boyhood. After college and business school, Georgescu joined the advertising firm Young & Rubicam. He spent 37 years there, the last seven as chief executive.
“The hero of my story,” Georgescu said to me “is America.” Over and over, he said, people who didn’t have any obvious reason to care about him helped him: the congresswoman who didn’t represent his parents’ district; the headmaster who’d never met him; the ad executives who mentored him.
All of them, he believes, were influenced by a post-World War II culture that (while deeply flawed in some ways) fostered a sense of community over individuality. Corporate executives didn’t pay themselves outlandish salaries. Workers enjoyed consistently rising wages.
Things began to change after the 1970s. Stakeholder capitalism — which, Georgescu says, optimized the well-being of customers, employees, shareholders and the nation — gave way to short-term shareholder-only capitalism. Profits have soared at the expense of worker pay. The wealth of the median family today is lower than two decades ago. Life expectancy has actually fallen in the last few years. Not since 2004 has a majority of Americans said they were satisfied with the country’s direction.
“Capitalism is a brilliant factory for prosperity. Brilliant,” Georgescu says. “And yet the version of capitalism we have created here works for only a minority of people.”
“From today’s NY times.”
NotCrazy….the narrative fits the thesis, not the other way around with Times organization which has become a partisan trumpet….They are like a dog with a bone on income inequality so they are going to see it everywhere.
Community is alive and well, even among boomer locusts….locally, a youth just was accepted into the only NE Prep school that can reasonably claim to be better than Exeter…As a result of the work and help of a number of boomers that had zero vested interest in doing so….and after helping a similarly situated peer into Exeter three years ago in what has become a life changing event for him…
But that doesn’t fit the narrative.
Times is garbage now. Breaks my heart because even as a lifelong libertarian/conservative is was the paper of record. It should just stop pretending to be serious, and go full tabloid like the Post and News.
Chi, yeah, yesterday was pretty bad…looked like they were skating in mud. Plus, goals two and three really hurt…that second one off the skate and you just can’t let up any goal (yet alone one for a three goal lead) with less than a second left…..
I saw nothing good yesterday…..damn our guys were literally falling all over the place, to the extent that my youngest joked with me “who did our skates, the Providence trainer?”. Sometimes it happens. Alternative outcome would have been nice.
That’s what I was thinking, but nope. I do visit a lot of UK sites to check FTSE activity, though. The time was still wrong up until a couple minutes ago, even though everything looked fine (US Eastern, UTC – 5.00). Finally I unclicked “set the time automatically”, which didn’t change it either, then I reclicked that option and it fixed itself. This particular computer I never shut off either, unless I am forced to by Windows updates.
ExPat,
U.K. time zone? Didn’t they just go to daylight savings time? Is your system configured for the Queen’s English? :)
OK, I think the internet might be fu.cked. I can’t find anything past my last 50 gmail messages? Anyone else?
LOL. Windows 10 is still fu’cked. Mac is fine.
My daddy didn’t love me, and mommy was a furry.
stick shift – “millennial anti-theft device.”
I recall reading two stories the past couple of years where a carjacker had to run away because they tried jacking a manual.
I also read that apparently, it’s becoming more popular again. As a parent, I would insist on it since it, on many levels, can prevent them from trying to operate a phone.
My civic is a stick shift and I suspect the solenoid is going. I’ve been having trouble starting once every two weeks. So I keep parking on hills to pop the clutch if needed.
Young Buck,
http://www.afullhouseinspection.com/
Glad Carl has worked out for you. I don’t know why anyone would use a bank and pay the origination costs? Mike, Carl’s partner in crime is also similarly no nonsense. both are serious earners and they deserve it based on the quantity they handle and how expeditiously they do it.
So much for the refi window.
“So I keep parking on hills to pop the clutch if needed.”
LOL, been there done that.
Here’s one…
In college I had an early 70s Mercury Capri….mechanicals going, manual, didn’t have reverse. Would not have been that much a problem except our collegetown was very tight on parking to begin with and no R meant I had to park on the right hand side of the street, facing uphill.
Pointing uphill was the only way I could parallel park in/out of a space without a working reverse. Ahhh, simpler days.
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haha, I always tell people…you haven’t lived unless you’ve dealt with car issues like that. I was beating now wife’s geo metro into the ground 12 years ago. She wanted to trade it in for $150 and I took it. At one point, the thing would stall out if you went below 2000 rpm. Some problem with the fuel injector. Problem was, this place called “vintage auto parts” bought up all the remaining fuel injectors for that model and attempted to price gouge ($2000 a pop). So you would have to gauge who was in front of you. I remember screaming at the top of my lungs as some asshole drove around the cloverleaf at 15 mph. You could drop it into neutral while you coasted and revved it. At one point, I had to just pull over into the shoulder if people chose to drove too slow so I had the option of blowing by them or not stopping.
Very nerve racking but it really made every trip an adventure.
BRT
More likely bad spot on the commutator of the armature, or worn brushes.
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My Dad had a ’73 Capri, V6, manual. I loved driving that car. I think everyone should have to learn to drive on a stick shift, preferably without power brakes or power steering. If you can drive that, you can drive anything.
I used to drive a ’72 Chevy Vega, manual everything. The great thing was you could just turn it off downhill to save gas and it steered and braked exactly the same, you just had to make sure you turned the key only to the “ACC” position, not full off which would lock the steering wheel. At the bottom of the hill I would just turn the key back to “ON”, put the clutch in and catch fourth gear to start it back up.
In college I had an early 70s Mercury Capri….mechanicals going, manual, didn’t have reverse. Would not have been that much a problem except our collegetown was very tight on parking to begin with and no R meant I had to park on the right hand side of the street, facing uphill.
Great creepy Biden video. I was just looking for the one I remembered where he his going for side boob from Hillary.
https://710wor.iheart.com/featured/mark-simone/content/2019-04-01-watch-creepy-joe-biden-grope-hillary-clinton/
Yeah, the mainstream (leftwing) press has finally after a decade picked up the Creepy Uncle Joe narrative….
The NYT actually had this link embedded in an article on him and Flores.
https://gawker.com/joe-biden-we-need-to-talk-about-the-way-you-touch-wome-1686648038
Biden will be 78 in Nov 2020, Bernie will be 79. Trump will be 74. None of these candidates would be allowed to fly a commercial airliner after age 65 and (previously 60), yet these old fools think they can run the country at at advanced age?
Are there no other viable candidates?
Kamala is going to get the nomination. That’s my bet.
Good point, Juice. It’s pretty crazy. No sane younger individual wants to touch politics….hence, we get cortez types guiding our country. The process needs to be fixed, so that sane people return to politics.
More gasoline and natural gas taxes incoming…
https://docs.google.com/document/d/1-ZPGjshqWT0-ga77290xpO2F1AIG7hDxFWoAh5nB8Hc/mobilebasic
Data guy here….
Why I don’t like averages….CNBC just reports Ken Griffin’s condo purchase ($200m+) moved the average sales price in Manhattan of all condos up $112k to just north of $2m…
One transaction moves the data point 5%….similar issue with these ‘highest earning towns’ measure in NJ….at least use medians….
Also in that report, manhattan real estate in a skid with all the new tax proposals, all the way down to starter apts….one measure at the weakest since 2009, another weakest in 35 years….
Ex, Lib put on some ST short positions on WBA earlier….it shat the bed with earnings and guidance this morning….one vertical put spread, one butterfly put. One expiring this friday, one on 4/18. Both 5-6 baggers, ie. not even a red/black bet but a 0/00 bet on the roulette board. Low probability, high payoff, somewhat hedged with the written spread lower than the long….Not my typical trade but…..
Thought is generally these things don’t just go down one day, they continue rolling. Contra to that thesis is that WBA had dropped in sympathy already starting about halfway through CVS decline so some softness was already priced in there (wish I were paying attention those two days, that would have been the easy money…).
Contra to that contra CVS came off a few percentage points this morning in sympathy so we may be having a race to the bottom between these two companies….
I don’t understand why the front of the house in drug stores currently exists anymore….Walmart, Target, and Amazon have rendered them obsolete.
Need to look into that angle longer term, are there any REITs that are super heavy into retail drug stores…someone has to have been financing these things, they were springing up like mushrooms everywhere over the past few years…or maybe there’s a pair trade between WBA/CVS, at least CVS has the clinic, Aetna, and Omnicare which ought to at some point directionally insulate it from the front of the store issues vis a vis WBA.
Thoughts?
The cycle of spillover is in full swing…… till it crashes and we do it again.
City pricing peaked a while ago, and we have been watching the slow spillover in search of affordable pricing expand outwards (city pricing can’t go any higher at the moment, it’s as much as the avg participant in that market can afford). They will expand till the city looks like a value again in the next downturn. Rinse, wash, repeat…
“Also in that report, manhattan real estate in a skid with all the new tax proposals, all the way down to starter apts….one measure at the weakest since 2009, another weakest in 35 years….”
A slide in the manhattan market means a crash is coming for the suburbs. Which is crazy because at the moment the Essex suburbs are super hot. The minute the for sale sign goes out on something decent it goes UC and prices are climbing. My gut feel is we see this continue for 1-2 more spring selling seasons with serious softness coming in in 2021. NYC softness will continue and spill over into hudson county and the boros next year.
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Re: real estate I’m a big picture, bet the favorite kind of guy…..
We are top of market and rolling in real estate in NYC, top of equity market ever, lowest mortgage rates ever, best employment rates ever, longest expansion ever, longest bull market ever. With fundamental weakness accelerating overseas, huge political risk on any given day, and a raucous election 19 months away.
All the above point to deceleration….
Until I get equal/greater counterpoints on the other side of the ledger I wouldn’t feel any pressure to buy based solely on prices…
How much could those markets continue to grow while places in the suburbs that were not too far away were a complete value in comparison? Spillover is capitalism 101. Markets drive up prices in certain areas, while underpricing others. Buy in the underpriced area in the comparison and it will eventually even out as the market balances the prices. Hence, where the saying “buy when there is blood in the streets” comes from…..
Wayne still a value, get it while you can. I doubt it lasts long as a value as I have seen almost every house on valley road that was for sale has now been sold. Writing is on the wall for all to see…
JCer says:
April 2, 2019 at 11:24 am
A slide in the manhattan market means a crash is coming for the suburbs. Which is crazy because at the moment the Essex suburbs are super hot. The minute the for sale sign goes out on something decent it goes UC and prices are climbing. My gut feel is we see this continue for 1-2 more spring selling seasons with serious softness coming in in 2021. NYC softness will continue and spill over into hudson county and the boros next year.
Far as I know there is only one candidate, from either party, who seeks to secure the border, fix trade agreements, deport foreign nationals in the US illegally, and bring jobs back to America: Donald J Trump. 2020 will be the easiest vote I’ve ever cast.
Juice Box says:
April 2, 2019 at 9:59 am
Biden will be 78 in Nov 2020, Bernie will be 79. Trump will be 74. None of these candidates would be allowed to fly a commercial airliner after age 65 and (previously 60), yet these old fools think they can run the country at at advanced age?
Are there no other viable candidates?
D-FENS, 10:02
She’s just trying to figure out who she has to blow first to get the nomination
Hence, where the saying “buy when there is blood in the streets” comes from…..
That’s not where that saying comes from.
If Trump really cared about the immigration problem he would stomp out H1B and other Visa program which forces unfair labor competition then using ICE to raid and fine businesses which hire illegals. The rest is BS window dressing. Let’s face it, you were going to vote for Orange moron anyway. You have not even seen an R challenger. Bloomberg could still run and he would be easy choice over the man-child Twitter diddler.
Bloomberg never gets an R nomination. If he runs it’s as an I or D, in which case Trump is shoo-in.
Reminds me of the other community that restricted use of the pool hours by gender.
https://www.nj.com/ocean/2019/04/lakewood-senior-community-to-leave-gates-unlocked-on-sabbath-after-being-sued-by-orthodox-homeowner.html
Yes, it does. It comes from the idea that market participants act as a herd and artificially drive up one part of the market while neglecting another. Creating value for the areas of the market being ignored by the players.
Blue Ribbon Teacher says:
April 2, 2019 at 1:47 pm
Hence, where the saying “buy when there is blood in the streets” comes from…..
That’s not where that saying comes from.
Name another candidate with a better H-1B policy…
https://www.latimes.com/business/technology/la-fi-tn-h1b-workers-tech-trump-20190201-story.html
Immigrant tech workers struggle to get H-1B visas under Trump: ‘I’ve never felt so helpless’
By Johana Bhuiyan and Andrea Castillo
Feb 01, 2019
Lib,
Totally agree. I haven’t actually met Carl, but Mike came to my house to sign the loan docs, and then to closing. He’s a pleasure to work with, and someone I’d definitely grab a beer with.
When Carl asked where I found him I tried to give you credit, but not sure he could connect the dots (“you came highly recommended by a guy on a real estate blog I read, first name Stu, from Glen Ridge, who also has a duplex in Montclair”).
Glad Carl has worked out for you. I don’t know why anyone would use a bank and pay the origination costs? Mike, Carl’s partner in crime is also similarly no nonsense. both are serious earners and they deserve it based on the quantity they handle and how expeditiously they do it.
Timbeeeer….
Manhattan real estate had its worst first quarter since the financial crisis, according to a report from Douglas Elliman and Miller Samuel.
Total sales fell 3 percent in the first quarter, and marked the sixth straight quarter of declines.
That is the longest downturn in the 30 years that the real estate appraisal firm has been keeping data.
NINJA,
I disagree. No one is happy with the status quo on immigration but the lawyers. Trump has said that he wants a more efficient legal immigration system that favors skilled immigrants. That’s not what we’ve got now. Nobody benefits from vague uncertain rules that can be gamed by spending more money on lawyers or tricky approaches (like the H1B puppy mills), but hurts regular businesses and individuals dealing with a bureaucracy that makes the IRS look friendly and efficient by comparison. They should make rules and enforce them. People should know if they are in or out, not leave everyone in bureaucratic purgatory for years.
It’s a terrible political strategy to lump legal immigration reform with with illegal immigration reform, but that’s what politicians have done.
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Yes, it does. It comes from the idea that market participants act as a herd and artificially drive up one part of the market while neglecting another. Creating value for the areas of the market being ignored by the players.
What’s it like to try to make shit up and believe anyone actually believes it?
Ninja,
I live and breathe this sh*t on a daily basis. I manage our Wipro work force plan. We pay $140 a day for developers. My IB will not add tech workers to anywhere but Pune. Intel just announced hundred of US layoffs and they move to single IT supplier, Infosys. Dumpy said he would take care of H1 problem on day one. It requires one important thing, raising H1b wage to 100k. His proposals are speed bumps. If they were having effect, believe me, my group would feel it. I sit with 20 Indians and only two locals, me and my boss. My organization is probably 80% Indian. Trump is doing squat but talking big..his usual plan.
Then list who is better on illegals and H-1Bs than Trump.
I didn’t claim a decades-long problem had disappeared overnight, but rather that no one is better than Trump on these issues. In fact, not only are the others not better, these issues are not even on their radar.
Ninja,
Obama did the wrong thing by allowing H4 to work. I always said that Dumpy could do one thing right for American workers, hammer the H1. I have girl on H4 that is sitting two down from me, doing L3 work. She looks comfy. The crazy thing is that Indians I work with generally agree that it is a farce, hurting US worker. They will take it but they know it is unfair and corrupt. The horror stories about sponsorship, well just surprising. It helps no one but company getting cheap labor while dangling green card that will not happen.
Then please explain where the idea comes from?
The actual quote has no source. Hence, it originates from the contrarian idea of making sense of a market based on capitalism, which I explained in my prior posts.
So what exactly am I making up?
Blue Ribbon Teacher says:
April 2, 2019 at 4:56 pm
Yes, it does. It comes from the idea that market participants act as a herd and artificially drive up one part of the market while neglecting another. Creating value for the areas of the market being ignored by the players.
What’s it like to try to make shit up and believe anyone actually believes it?
It comes down to the idea that you can’t make massive gains unless you are to the show before everyone else. You have to first own what no one wants to hit the biggest gains.
http://factmyth.com/factoids/baron-rothschild-made-a-fortune-on-waterloo-and-said-the-blood-on-the-streets-quote/
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“Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.”
He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon. But that’s not the whole story. The original quote is believed to be “Buy when there’s blood in the streets, even if the blood is your own.””
No source? You’re losing your cut and paste skills.
Definitely not getting a refund. I’m hoping I don’t have to pay.
Man, if they kept these SALT deductions in place, could have been an even bigger boom in the economy. Blue state high earners are the most productive producers in our country. You just took a ton of investment capital from them and dumped it into sh!thole red states to buy your votes. Dumb move, imo. He better not complain about welfare, since that is exactly what he did with this “salt” move.
You want to stick it to the blue states and I get it, but understand there is an economic price to pay for this blue state monetary punishment.
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You just made it harder for the most productive states to grow the economy. You would think these economies would be your babies that you look over and take care of instead of taking a sh!t on them.
I just don’t get why he would want to punish the producers and instead give it to takers. Defies logic. You defend tax cuts for the rich on this basis, and then go do the exact opposite just because these states voted against you.
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Reforming US High-Skilled Guest worker Program
https://www.atlanticcouncil.org/images/publications/Reforming_US_High-Skilled_Guestworkers_Program.pdf
CONTENTS
– Introduction—The H-1B Program Was Flawed from Its Inception
– Calls for Changes to the H-1B Are Rebuffed
– What is an H-1B Visa?
– Low Standards for Occupations and Workers to Qualify for an H-1B
– The Front-End Selection Process is Extraordinarily Weak
– H-1B Workers Are Cheaper Than US Workers—Low Wages and Monopsony
– Reforms Must Apply to All Employers—The “Bad Actor” Theory Is Deeply Flawed
– The Path Forward— Fix Fundamental Program Rules
– About the Authors
Lol. Biden got metood by a professional aggriever. One with a dog face no less. He must have been on one of his stupors if he made a pass at that. Woof.
You need to make $250k to be a top 5 percenter in NJ.
https://www.foxbusiness.com/features/how-much-you-need-to-be-in-the-top-5-in-every-state
Didn’t some dope here claim that rich people don’t care about paying high taxes?
Hahahahahahahhahaahahahaahahaha
Definitely not getting a refund. I’m hoping I don’t have to pay.
Man, if they kept these SALT deductions in place, could have been an even bigger boom in the economy. Blue state high earners are the most productive producers in our country.
Great read, Joyce. Pretty much nails it. One thing never discussed are the cultural dependencies that mostly H1b India staff brings. Your value, being American, goes down over time. You don’t always understand accents, regions, holidays, religions, etiquette, regional laws that are critically important in India. Most of also have also never worked for TCS, WiPro, Infosys so we do not have inner working knowledge nor contacts to make things happen. Over time, as org becomes more dependent on India labor, so it becomes more dependent on Indians in US to manage the relationships. It becomes more exclusionary over time.
I think I’m hiring an Afro-Costa Rican nanny. Their history is very interesting to say the least. She definitely lives the pura vida here. When I told her that we can’t afford to pay more than $17 an hour, she said “It nuh always bout di funds. Hearing wah di D guh through mi nearly wa fi help fi free.”
Lib & By,
https://www.thedailybeast.com/homeland-security-disbands-domestic-terror-intelligence-unit?ref=scroll
That’s bad new for Chicago. 22 people were shot there just this past weekend by domestic terrorists.
3.14,
Meh.
re: Biden and Lucy Flores.
Biden was actually going for side boob that day. Here he is putting his move on Eva Longoira.
https://pbs.twimg.com/media/D23JZouX0AALeKB.png:large
Bystander, a few things there is no way your firm pays $140 per day for developers. I have been involved with the engagements with those crooks(HCL, Wipro, Cognizant, et al) in multiple WS firms, that is a teaser number, the lowest priced person they’ll send and they don’t have too many of them because that falls short of the 60% profit margin most of these outsourcing companies want. We are engaged with cognizant and have $200 a day rate for entry level devs and they couldn’t find us someone who knew C# so it’s really a mirage. They also are gouging your firm on the onshore people for anyone experienced. They play a lot of numbers games, when you look at the whole relationship you will see the rate is really a lot more than $140 per day.
I also have a development team in India(employees) so I know what we pay them and their qualifications. For anyone actually programming a in a real language(Java,C#, C++) it’s 30-40k annually for an experienced person, DB programmers are cheaper(and tend to be actually better at their jobs) 15-25k per year for a SQL server or oracle developer, mainframe people can be hired for 20k all day long, support folks make 8-15k, and operators 6-8k. When we bring them here on visa we multiply their salaries by 3 basically and a US hire would make approximately 4x what their counterpart makes in India(only the higher paid people we bring over on visa). You have to continually escalate the salary in order to keep people employed so they tend to start on the lower end and if they are worth keeping you continually raise the salary and then dangle a US assignment to keep them working. Also when they come to the US we usually push them to work very long hours with the ever present threat of deportation….yes we have actually had our people deported.
It is a terrible arrangement, it is abusive and the quality of what is produced is quite bad more times than not. The tech market in India is tapped out(more demand than supply) and the best people don’t want to work for the outsourcers in india, so just forget about that. The best people at the outsourcers are the onshore people because they are working for the Visa.
Yes it’s like working in India, I am at a client where I was an employee for many years, they laid off most of their work force and replaced them with people from vendors. Suffice it to say they have far more people in their offices today when they had a US workforce and I’m not even seeing the people offshore. Cost is still out of control, the savings never materialize, and the quality of the software they are producing is poor. The controls and process they have put in place to get the outsourcers to deliver is onerous to say the least and creates a huge footprint of PM’s, scrum masters, etc basically status reporters.
Cut off the visa’s to the outsourcing companies and they cannot ship the work offshore….
The creepy Biden story is pretty stupid. He is affectionate in the touchy feely way. I know a lot of people like this.
Of course, Trump can grab ’em by the pu$$y and solicit prostitutes regularly and that’s not creepy at all.
And you wonder why good people are afraid to run.
You are all being played!
Yes, what an idiot.
I was simply pointing out that taking money from productive states and dumping them in unproductive states is a waste of a tax cut. Those poor individuals in the red states will more than likely use it to buy booze, cigs, and meth. So how does trump defend tax cuts for the rich on the basis it’s good for the economy, and then go and pull the exact opposite with his tax law? He is punishing the most productive states at the expense of unproductive states…why? He is buying votes.
The tax cut itself was good, but I just don’t understand why he had to punish the most productive states. Doesn’t that harm economic growth long term?
The Original NJ ExPat says:
April 3, 2019 at 10:02 am
Didn’t some dope here claim that rich people don’t care about paying high taxes?
Hahahahahahahhahaahahahaahahaha
3:14,
Not my thing. I tend to take my view directly from the Orange dufus himself. The material is endless and no concerns on the source. When the media gets it right on his pending doom, let me know. He is crooked and dumb but not that dumb to get caught. He has droves of smart people protecting him. They are not faces you will see in the media nor his immediate staff (outside the family). Those people are just fodder for The Apprentice White House edition.
Is everyone on this blog in the top 5%? Been here for most of my 30’s.
Something to proud of that we are in the top 5% in one of the richest states. Some of the most productive people in the world.
No One says:
April 3, 2019 at 9:47 am
You need to make $250k to be a top 5 percenter in NJ.
https://www.foxbusiness.com/features/how-much-you-need-to-be-in-the-top-5-in-every-state
“The creepy Biden story is pretty stupid. He is affectionate in the touchy feely way. I know a lot of people like this.”
The Left loosed this monster on the populace, now they have to deal with their Frankenstein. Too bad.
Eh. Really only a story for those who follow politics for sport. For the rest of us, it’s pretty stupid and immature.
And let me know when you find a video of him grabbing anyone by the pu$$Y.
JCer,
I should state that we pay Wipro close to $200 for those roles so guessing that take $60 per day. $140 was my guess on what low experienced developer makes. I would think margin is lower on those roles as scraping barrel. I see the master contracts in our contract database so this is what we forecast and get back in actuals monthly. I agree on over demand and constraints right now but company not changing. Here is a crazy thing I figured out. We have closed then reopened several locations in Mumbai and Pune over last 3 year. Why? To avoid competition from other US companies. Location and commute can restrict movement of workers in India. We moved to bottom of Pune while other Banks are at top. That is 1 -2 hr commute difference apparently and helps limit moves. Indians generally live near their work. Same in US, all of them live in same area as my bank. They are very anti-commute.
Following on the Biden story I am always amazed by the entire inability of the Left to foresee the likely consequences of their actions.
Early this morning the CBS roundtable was seriously lamenting the ‘unintended’ consequences of the metoo movement with the NYT author who outed Weinstein. O’Donnell related that in a discussion with a senior exec of a top bank that exec stated that in the current environment he is avoiding any ‘unnecessary’ contact with female employees. O’Donnell and King were incredulous that women’s corporate advancement is being compromised by a ‘movement’ that was supposed to empower them.
I said this over two years ago….If you are a successful male, you would have to be an absolute fool to interact with a female these days on any basis other than absolutely as needed.
For a successful, wealthy male a female co-worker especially a subordinate does not bring a unique perspective or her work skills….she brings a massive potential undefined liability to you personally.
Self preservation in this environment dictates if you are a high level male employee treat interaction with female co-workers, especially in non-office work settings like travel, like a hostile deposition. Keep away from it as long as possible, say only yes or no anytime you speak, and GTFO of there as soon as you can.
“Eh. Really only a story for those who follow politics for sport. For the rest of us, it’s pretty stupid and immature. And let me know when you find a video of him grabbing anyone by the pu$$Y.”
Lib, love ya brother but you’re missing the joke.
I agree. But he will be DQ’ed from the nomination. And the orange crush is in the office and will likely remain.
Back to something more profitable….up 29% overnight on my WBA butterfly from yesterday and flat on my spread…..Buckle up buttercup, take me to $54 and I’ll cover a generous tab at Grim’s place this weekend.
Self preservation in this environment dictates if you are a high level male employee treat interaction with female co-workers, especially in non-office work settings like travel, like a hostile deposition. Keep away from it as long as possible, say only yes or no anytime you speak, and GTFO of there as soon as you can.
This has become a real, real, real sore spot with me… not just in the workplace but in general. I really need to bite my tongue here. If I spout off, I might not stop.
Let’s put it this way: The left has created a war with race baiting and now a war with gender etiquette. They create issues, they don’t solve them. I used to care less about social platforms, now I do out of f.ucking spite.
I think a lot of good has come out of the #metoo movement. To this day, I’m sure there are a ton of males out there who think their gender allows them to schtup any female who looks at them with a smile. I am not offended by the movement either. I’ve never cheated on my wife nor would I ever. You must come from a broken family to get this. And trust me. There have been ample opportunities.
Yes, the Dems are in a bit of a conundrum that they created. And sadly, once again. They have proven that they just don’t get it.
You get the identity crap for free, with the office. You get most of the stuff that the majority agrees with. But YOU DON”T MAKE IT YOUR PLATFORM!
And STOP ALREADY with the black, female or both card. If you find one who appears to fit the bill. Great! Stop thinking that people will vote for someone simply because they are one of those two or both.
And for the fools on the Right? The low road, name calling, tough love, bullying and making fun of the disabled is hardly a position to be proud of.
Is it beyond your ability to reason to understand that women and minorities finally feel sufficiently empowered to complain about things which have been wrong all along? Proper behavior and treatment of fellow human beings has not changed. Only your chances for being called out on your behavior has changed.
Privilege is getting away with questionable behavior without being called out for it for so long that when that changes you feel persecuted.
30 yr, like almost anything there are real grievances and situations that are a serious problem. But there also are people who are opportunistic…..
30 yr toss your privilege, don’t talk about privilege to Americans who work in technology…. We don’t have any, I’ve seen Indians openly discriminate against white and black Americans often, among white Americans(most Americanized people of all races actually) I’ve encountered professionally their has been minimal discrimination or inappropriate behavior.
People feel persecuted when there are multiple sets of rules, one for one group and one for another. The other issue is a mere accusation is damaging regardless of if it has any merit. You are innocent until proven guilty unless the accusation comes from a protected group……. Follow Orthodox Jewish rules do not be alone with peers or subordinates of the opposite sex and do not touch(shaking hands is ok but nothing further)
what a big surprise about Joe Biden. NOT
http://www.cc.com/video-clips/yfmksi/the-daily-show-with-jon-stewart-the-audacity-of-grope
Lol. Only a dog faced progressional aggriever could describe Biden getting as close as he did as assault. The truth doesn’t matter to the metoo people.
It’s Ike o many of the delusions of the left , it’s not their perception that counts. And their perception is clouded by being unbalanced in many cases.
And that’s a face only a mother could love. Maybe that’s why she’s so angry.
“People feel persecuted when there are multiple sets of rules, one for one group and one for another. The other issue is a mere accusation is damaging regardless of if it has any merit. You are innocent until proven guilty unless the accusation comes from a protected group…”
Agree. 30, if your persecuted comment is for me, I’ll respond.
I do not feel persecuted nor do I participate in questionable behavior. I understand the reality of women’s perspective in their current situation.
Let’s talk about the other side of this situation…a successful male corporate exec at the highest professional title offered in a top investment bank after 20 years of advancement. Heads a geographic business unit. Earning more than he could ever imagine, banked wealth for his four person nuclear family. Mentored up and down the corporate ladder, each year, by people above him and for the benefit of those below. Most of that mentoring – or at least the basis for that business relationship – occurred during the time spent together during 160 days a year on the road on shared flights, in rental cars, at dinner after business meetings, working late together, and at hotel bars before heading to bed for the night.
Take his reality now…as that 40 year old male exec one would have to batsh1t crazy to be anywhere near a 27 year old female in that format. There is absolutely zero upside to the exec, and all the downside. At best he comes out at par, worse case he can be blown up for the rest of his career. No one in their right mind would take that trade in today’s environment especially with the generational differences in perception. I would not fly alone with that female, especially not share a rental car, and certainly not dine or drink alone with her. Why would I put everything I have and have worked for at risk? No matter how small that risk?
Who benefits from this? Certainly not the 27 woman looking to form business relationships, find a mentor to advance her career, and get ahead.
You may think I’m over reacting to which I have two words…Joe Biden.
Do I believe his behavior is creepy and weird. Yes.
Do I believe it crosses any real lines. No.
Guess what?
It. Doesn’t. Matter.
He’s gonzo.
Not me. Catch your own flight, rent your own car, stay out of my office after hours, eat alone, and bring a good book to read at the bar. But keep the hell away from me. I’ve worked too hard for what I have. You – the 27 year old female – are nothing to me but a monstrous potential contingent liability.
^^^^and that is not persecution. It’s wise risk management.
To government s8cks crowd,
Notice how CIA has AWS as cloud provider and is looking to go to multiple clouds, it comes out just as Bezos admits the Saudi hacked his personal phone. Keep dreaming that contractors are better than old fashioned government lifer employees.
And, just in time with all these outsourcing talk here,
Here’s Miller, speaking to the Daily Caller (of course):
Miller noted that the White House is “systematically reviewing all authorities that are already on the books, both in terms of cracking down on illegal immigration and […] the abuse of our legal immigration system.” The targeted abuse actions include illegal immigrants who overstay temporary visas, “combatting or addressing legal benefit seeking in the legal immigration system.”
And here’s what Kushner wants to do, per Politico’s reporting:
Jared Kushner, Trump’s son-in-law and senior adviser, has been working for months on a proposal that could increase the number of low- and high-skilled workers admitted to the country annually, four people involved in the discussions told POLITICO.
The low-profile effort to allow more legal immigrants into the U.S. cuts a stark contrast to Trump’s increasingly dramatic efforts to curb illegal immigration, an issue he speaks about daily and describes as a national crisis. But Trump himself has publicly said he also supports higher levels of legal immigration, a priority generally supported by a business community short on skilled workers.
It is possible, in fact, for both of these immigration plans to align. Politico frames Miller’s vindictive policies as a foil to the Kushner plan, but despite Miller’s manic desire to round up everyone with brown skin, there’s plenty of room in his general framework of immigration policy for what Kushner—and Trump—want. So what is that?
Broadly speaking, Trump and Kushner’s push for an expansion to legal immigration is designed to create one thing: a hardworking underclass of both low-skilled and highly skilled immigrants shuttled into the country on restrictive visas that actively prevent them from progressing toward citizenship while costing their employers less than hiring actual Americans. (Businesses love this of course—as Politico notes, the Koch brothers are two of the biggest proponents of this kind of legal immigration). And guess what? It’s working!
The bits of the legal immigration system that the Trump administration usually supports expanding are the H-1B and H-2B visa systems, which, generally speaking, let U.S. companies hire foreign workers for various jobs. Tech workers recruited from other countries are often on H-1B visas (which require the recipient to have a college degree); H-2B workers are temporary or seasonal employees in non-agricultural jobs (farm workers use the H-2A visa).
The H-2B system, which the Trump administration just expanded by 30,000, is particularly monstrous.
Here’s Daniel Costa at the Economic Policy Institute:
H-2B workers are in effect, captive, because their visa status is controlled by their employer—which means that if an H-2B worker isn’t paid the wage he or she was promised, or is forced to work in an unsafe workplace—the worker has little incentive to speak up or complain to the authorities. Complaining can result in getting fired, which leads to becoming undocumented and possibly deported. It also means not being able to earn back the money that was invested in order to get the job.
left: You are 100% correct, and anyone who disagrees is not appreciating the nuance you present…… the other issue lost is the implications of the authoritarian control that the political left wishes to impose on language, behavior and ideas.
First, people of influence are not going to simply be cowed into compliance. They will be silent or merely avoid engagement (as you suggest). More disturbingly, due to personal circumstance and history, I am familiar with the mind control and influence control tactics used by Scientologists and Cultists et al. This liberal garbage is not unlike that abhorrent stuff. Young people are going to learn too late the hard way about what they have wrought. Especially at the behest of their leaders who are no more enlightened, and are merely power hungry, like everyone else.
These people will end up used, discarded, and isolated from their original goals.
The whole thing reeks.
leftwing says:
April 3, 2019 at 2:03 pm
Let’s talk about the other side of this situation…a successful male corporate exec at the highest professional title offered in a top investment bank after 20 years of advancement. Heads a geographic business unit. Earning more than he could ever imagine, banked wealth for his four person nuclear family. Mentored up and down the corporate ladder, each year, by people above him and for the benefit of those below. Most of that mentoring – or at least the basis for that business relationship – occurred during the time spent together during 160 days a year on the road on shared flights, in rental cars, at dinner after business meetings, working late together, and at hotel bars before heading to bed for the night.
“If you wanna be happy
at the top of heap
Never make a pretty woman your veep
So from my personal point of view,
Get an ugly girl to work for you.”
That is why I prefer the cool, sterile, anti social offerings of tech My buddy’s wife is 42, mid career level for pharma firm who travels quite a bit. She is extremely endowed pretty blonde who loves to drink. They have two young kids. Once is awhile she will post something about flirting with bartender and getting a free glass of wine. I cringe for my friend. Joking or not, the road is no place for a marriage and client / work socializations at hotels in Florida.sorry no money is worth that sin pool.
5:12 betcha she’s still tight. Kegels.
Many times this is what happens with some women:
https://youtu.be/XE7hUc6Y-gs
Someone should tell them renting is better than owning.
“Affordable Housing Crisis Spreads Throughout World
Shortages persist despite millions of dollars invested and hundreds of thousands of units built”
““Global cities are suffering from affordability issues, partially as a result of their own success,” said Liam Bailey, global head of research at Knight Frank.
Soaring prices are also being fueled by increasing demand from investors. These have included domestic “mom-and-pop” investors buying second homes and foreign investors taking advantage of new technologies and an increasingly globalized financial system.”
https://apple.news/Au-E-hEdJSDOWmqbbw-8AgA
“Two decades ago, the U.S. was on top of the world—the unchallenged superpower, the “indispensable nation.” Today scholars are drawing analogies to Britain at the beginning of the 20th century, its global pre-eminence was being eroded by a surge of American economic power. However you look at it, the past 20 years have been a geopolitical catastrophe for the U.S.”
https://www.wsj.com/articles/is-it-too-late-to-counter-chinas-rise-11554246370?emailToken=94054bc42d3fe5b3c3476546e88bd86bwi+PpdVX5BDYzGWiMcWrw1dOD4PU34BgheefjgprdJqnVZljWtCcmQvNP7wy1CB9THGp7qkUPaNNLkSyLVYy939uGZ15nkmVXopC6rYZPBc%3D&reflink=article_copyURL_share
“The second mistake was even more fateful. U.S. leaders assumed that China’s entrance into the global economic system signaled its willingness to play by the rules of market economies, and to amend any trade practices that violated international norms. In this hopeful view, China would get richer, its middle class would expand, and popular demand for social and political liberties would intensify. While China might never democratize fully, it would become a less autocratic society that posed no systemic threat to liberal democracy.”
This blog needs more JJ. Definitely more JJ.