From HousingWire:
These are the nation’s most affordable housing markets for middle-class families
The era of unusually affordable housing has ended, meaning America’s housing affordability has returned to average historical levels.
While this means homes are no longer cheap on a national basis, Redfin’s affordability report suggests the market is still relatively affordable for America’s middle-class families.
According to Redfin’s data, in 68 of the 88 most populous American housing markets, a median-priced home is still affordable to families earning the area’s median household income.
This is especially so for middle-class families living in Detroit, where it takes only $26,690 per year to purchase a home at the area’s median price point.
Detroit’s price point is less than half of the area’s $56,339 median income, making it the nation’s most affordable metro for middle-class families, according to Redfin.
Redfin Chief Economist Daryl Fairweather said people who live in places like Detroit, Pittsburgh and Cleveland tend to earn lower salaries than people in expensive coastal areas, but in many ways the Midwesterners’ quality of life is better.
“Even though they may make less money, it’s easier to purchase a home and build equity while providing for a family,” Fairweather said. “It’s no secret there’s an affordability crisis in high-priced places like the Bay Area, where modest homes can sell for well over $1 million. But in most of the country, homes are still affordable on the typical local inco
First
@cvpayne
More Signs of Recession?
Target (TGT) Monster Financial Results
all-time record earning
best two year comp sales in more than decade
raises full year guidance
Lowe’s (LOW) Crushes It
revenue, earnings and comp sales beat Wall Street
operating margins surge
strong comp guidance
New York(CNN Business) Lowe’s is laying off thousands of workers.
Layoffs will include assemblers, who put together items like grills and patio furniture. The company will also cut maintenance and facility-service jobs, such as janitors. The company said it is outsourcing those positions to third-party companies.
Lowe’s (LOW) declined to say exactly how many workers will be laid off. It said that workers whose jobs are being eliminated will be given transition pay and have the opportunity to apply for open roles at Lowe’s. The Wall Street Journal first reported Lowe’s plan.
I see ‘help wanted’ signs everywhere. If most of these are low-paying jobs, it means the people and industries they service are doing well. I’m getting at least one call per week from recruiters pulling my resume which hasn’t been updated in years. I know the leftists are dying for the “R” word or anything that tarnishes Trump but just admit it… you really have no plan other than wealth redistribution in exchange for votes.
Fast,
It blows my mind how negative people are on the economy because the headlines told them. Everything in their daily life smacks them in the face and says strong economy, yet panic and fear rules the day. It’s not easy trying to make sense of human action..
“This year is shaping up to be the first year that women make up the majority of the college-educated labor force, a milestone that is already altering benefits packages offered by companies and one that could influence family sizes in the future”
https://apple.news/AlW2LH9UpTSi1rYTsTdRmeQ
Employment is a lagging indicator.
Leading indicators aren’t looking as good.
From my observation, Lowe’s has always treated their employees as disposable. High turnover, very little continuity with the workforce and hard to find knowledgeable help. They hire a lot of people as seasonal and part time.
I switched to going to HD a few years ago largely for that reason despite it being a further drive. More nd better staff on hand.
Lowes and Home Depot both struggle against the Amazon effect and talked about it in their earnings. I tend to shop at Lowes and Home Depot less and less. There is always a better product to be found online or other stores. For example, I cannot get the HVAC 5-inch media filters I need in their stores, I pick them up at my local plumbing supply store or order them online. I just completed refinishing my IPE decks and Teak Furniture. There is no way I was going to use the off the shelf products sold at Lowes and Home Depot for that kind of exotic hardwood. I visited a local lumber yard, researched online and then bought a superior product online. I did buy sandpaper and orbital sander at Home Depot though and I tested some PPG products the lumber yard was pushing.
One of the more interesting Retail stories that came out lately is Walmart’s Billion loss a year in revenue selling online trying to compete with Amazon.
Local Boy Marc Lore’s days are probably numbered, he’s made his money that is for sure.
https://www.forbes.com/sites/warrenshoulberg/2019/08/10/three-years-later-walmart-is-finally-jetting-away-from-the-wrong-internet-strategy/#1af280da7cc3
When you have 500% margins on shlt products then you don’t cultivate much customer loyalty.
I do find myself shopping at Walmart online more especially auto parts -oil and filters. Prices can’t be beat. Living in leafy bergen county there are hardly any auto parts stores (the men here have such soft hands). I dread heading into Clifton Passaic hackensack for parts. Prices make amazon look like highway robbery.
Anyone using a dedicated laptop for online banking and brokerage? If so, any OS or brands you suggest buying or staying away from?
On the topic of e-commerce, just a few short years ago, the online experience at Target was absolutely awful and now it is in my opinion, as good as it gets. Easy to navigate, quick delivery and returns are simple too.
Mac, never windows.
Lowes and HD often have more cheaply made models of the same parts sold by supply houses. Especially plumbing parts. I rarely buy anything except mulch and basic construction materials at Lowes and HD. I find myself buying online and picking up at Walmart way more often. Returning at Walmart is a piece of cake too.
As for Target being a great measure of the economy. They are a laggard versus all three major indexes over the last 3 year period by almost 50%. Hmmm. Just the rich getting richer.
Since 2012, when have the bears realized they are in a good economy? Every year the same scared bs pumped into headlines making you think the economy is always about to hit recession. They are going to be right sooner or later, but enough with doubling down every year with the recession is coming this time. Just enough already..
No One says:
August 21, 2019 at 9:21 am
Employment is a lagging indicator.
Leading indicators aren’t looking as good.
I want to hear for once that this is a damn strong economy. Just once..
BTW, the guys at General Plumbing Supply in East Orange are the best. I walk in there, tell them exactly what I need and they just go into the warehouse and get it for you. They are the most amazing product experts and they know what you want even if you can’t clearly explain it. Plus, free bagels if you go before 10am as they keep every plumber in Essex County headed there in the morning for about 50 cents a plumber (free bagel).
I bought my sump pump there. Though I new exactly what I needed from performing tons of my own research, they came up with the same exact model. All I said is that I needed the fastest and most reliable 1 HP pump that will fit in the hole with a 1 and 1/2 inch discharge. They chose the exact Zoeller every expert I asked recommended.
Prices are very fair as well. Just stay out of the showroom where commissions are most likely paid and the prices will be higher.
“I want to hear for once that this is a damn strong economy. Just once..”
It’s a damn strong economy for those generating 400K a more per year. Of course, the Repugnants have you believing they are already paying their fair share of taxes as they continue to distant themselves from the steerage who soon will be occupying the dingy.
I just got a mailer at work from the Cato Institute…. yikes WTF have I done?
Big day for “Tarjay”….
https://www.marketwatch.com/story/target-heads-towards-historic-one-day-gain-as-store-and-online-sales-prove-a-winner-2019-08-21?mod=mw_quote_news
Do you have a grease fire capable extinguisher for these threads? ……. ping-pong’s posts are akin to a grease fire…..
Libturd, still in Union, mainly on Thursdays, wasn’t me in Walmart says:
August 21, 2019 at 9:55 am
My tenants, also have grease fire capable extinguishers on the wall of their kitchens and the newly required 10 year battery alarms.
I purchased a widescreen 38″ 4K monitor for my home office setup. I brought it home last night, plugged it into my Windows laptop and struggled for over an hour to get it to display at the proper resolution. Drivers, apps, control centers, reboots. Just nonsense all around.
I took my wife’s MacBook Pro, plugged the monitor in and voila, perfect native resolution, without all the windows nonsense.
It used to be that a strong economy meant a strong real estate market in our region. A strong economy was a rising tide that lifted all boats. This is not the case now.
Either the definition of what makes a strong economy has changed or this is something other than a strong economy.
Lib,
I’m paying almost 50% in taxes, why do you think that’s too little? Now you’re starting to sound like Pumpkin. What do you say is the “right” tax rate for someone making over $1m? And why has the US come to the state of counting on the government to pickpocket other citizens, and and encouraging us to covet thy neighbors’ income?
I’m making a lot now, but I’m trying to put money away before markets change for the worse. It took me about 25 years of work, study, planning, degrees, certificates, skill and effort, and now after decades of proving my skills, I’ve had a few excellent income years in a row. Which could easily fall in half or worse within a couple years. That was how I pursued my long term happiness. Now, government takes almost half of my profits, then with what’s left I need to reinvest a lot into my company, which is also correlated to stocks, cover my non-tax expenses, and then the rest I put into “safe” assets with depressed interest rates. Professional services partnerships got no tax breaks, got a net tax hike in NJ from the tax bill.
re: Either the definition of what makes a strong economy has changed or this is something other than a strong economy.
Yes and Yes
It used to be that a strong economy meant a strong real estate market in our region. A strong economy was a rising tide that lifted all boats. This is not the case now.
Outlandish property taxes that pay for graft, waste, kickbacks, bribes, votes, comps for the minions and gifts are the reason for the real estate malaise. When the monthly payments for property taxes surpass the mortgage payment, this is the result. People are spending elsewhere – as evidenced by the record sales revenues being reported and the record number of domestic flights this summer.
Chifi,
What’s wrong with the Cato Institute?
Indicators….Let’s start with Real Estate. Construction of new homes is the only part of real estate that’s measured by GDP. It’s labor-intensive, and there is a shortage of carpenters etc. Right now it is growing to about 6.2% of GDP.
Not sure what indicator is laggging perhaps S&P case shiller? Nope still going up.
https://us.spindices.com/indices/real-estate/sp-corelogic-case-shiller-20-city-composite-home-price-nsa-index
70 percent of the U.S. economy is consumption aks consumer spending. Any decline in consumer spending contributes to a downward spiral in the economy.
PCE shows no signs of going down.
https://fred.stlouisfed.org/series/PCEPI
Any other indicators? Credit does not seem to be contracting…
There is a decline in the number of defaults.
re: “What’s wrong with the Cato Institute?”
Koch suckers…….Chi does not want to be known as one aka SNL Cork Soakers….
https://www.youtube.com/watch?v=Deqx-Xb-yHY
re: “never windows” BAH!
Integrated graphical chipsets are garbage… Macs are just not good for gaming. Their hardware configurations are designed to be compact and unserviceable by anyone but Mac Support and they are hardly cost-effective in general, especially so when compared to a proper gaming PC.
Also I’ll pick on more cutting edge stuff.
Say let’s compare their Virtual Assistants. Unless you just want just the weather go with Cortana. Siri can’t log out of or shut down the computer and does not integrate with Alexa.
Also just try getting a HoloLens or other cutting edge VR Tech to work with a Mac. Good luck with that.
If you are worried about trading or banking that is done mostly these days with the Browser, add in two factor authentication, that is your best bet to secure your accounts regardless of OS or Browser.
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Eddie,
On the property tax front…the tax change has had the greatest impact. The other stuff you mention has been there all along. I am not saying greed and criminality are not a problem. Just saying they are a constant, nothing new there.
No One,
The broad reach of the good economy has evaporated. It is being sucked up by the wealthy. In the end the current approach to taxation and concentration of wealth is short sighted. In a consumer driven economy, if the consumer doesn’t prosper the economy will eventually collapse.
During this country’s greatest period of prosperity post WW II the income tax rates for high earners were substantially higher than they are today.
45,
Sounds like you think corporations do not sufficiently value their employees. Are you some kind of leftist?
GdBlsU45 says:
August 21, 2019 at 9:21 am
From my observation, Lowe’s has always treated their employees as disposable. High turnover, very little continuity with the workforce and hard to find knowledgeable help. They hire a lot of people as seasonal and part time.
I switched to going to HD a few years ago largely for that reason despite it being a further drive. More nd better staff on hand.
“And why has the US come to the state of counting on the government to pickpocket other citizens, and and encouraging us to covet thy neighbors’ income?”
Because the Corporatists have looted the middle class by shaping government policy in their favor. Don’t worry. You’re getting close enough to join that club soon.
https://images.dailykos.com/images/533221/story_image/cbpp-income-inequality-2011.png?1524002632
And keep in mind. All of these charts are based on reported income. Lord can only guess how much income is unreported as one moves up income levels.
And let me not begrudge you of your hard work. But many of us sub 400K a year earners are working our butts off too. But government policy is killing us.
As for how much taxation is too much? That’s hard to answer. We’d all like to see more efficient government before we see tax increases. But that ain’t gonna happen as long as the crumbs continue to be disbursed so perfectly. So let’s look at it realistically.
Average family income is 100K. They pay $14K in taxes and are left with 86K.
If income is 200K. They pay $37K in taxes. Left with $163K.
If income is 400K. They pay $91K in taxes. Left with $309K.
If income is 600K. They pay $161K in taxes. Left with $439K.
If income is 800K. They pay $235K in taxes. Left with $565K.
If income is 1 million. They pay $309K in taxes. Left with $691K.
Since tax rates max at 37%, the progressivity (my word) ends at 600K. This is the first big mistake in my opinion. Because, if say you made 10 million. You are left with nearly 7 million. Now really, if that number was 6 million or 5 million, would it make any difference. Likewise, if the 600K guy paid an extra 50K or the 400K guy paid an extra 25K, it wouldn’t make any difference.
Though realistically, I’d like everyone to pay less. The middle is getting wrecked. I have one more chart to share.
https://bit.ly/2zdQqlc
And don’t give me the bullsh1t about all of those new millionaires. The truth is, the richer you get, the less progressive the taxation becomes. And the less you feel the tax hit of course.
And of course, the easier it is to afford to hide your income.
Though, in the end it doesn’t matter because being rich and always in fear of being taken for ransom, while surrounded by a security detail will have people realizing that it’s not worth it. And in this country, the poor have lots and lots of guns.
Yep, Ed. I get contacts too. Devil is in the details. It is basically impossible to get $100 hr as contractor in NYC now. $75-$90 max. I don’t care what the experience or skill level. That is a major change from a decade ago. Maybe you think that is great rate but I do not. It speaks to quality of jobs not the quantity. Lower quality jobs have been plentiful since tail end of Obama years. Orange buffoon has just followed that trajection but I don’t see strong economy here. It is stagnant, not better last 3 years.
Lib,
I’d be agitating to clean up the rules and regulations and the distortions in the economy, as well as the Fed, the easy money, the too big to fail, etc. Rather than think we can leave that all in place but then magically redistribute the gains with tax and spend.
I go with minimal distortions and favoritism rather than imposing even greater rules/regulations/ taxes and government bureaucracy.
Low interest rate policy has been the difference between WeWork being an alleged $50b IPO making the founder a billionaire, and WeWork being a colossally dumb failed real estate venture with a broke founder. I’d favor having an environment where the dumb stuff doesn’t happen in the first place, rather than letting it happen, then taxing off the funny money profits that come from it.
Otherwise the Montclair mentality wins.
Is the bottom about to drop out of coworking spaces? Who dosen’t love free internet, beer, snacks, coffee?
Remember it’s a disruptive real estate company…..It’s going to disrupt office space rentals one cubicle (or membership) at time.
Translation they won’t make a nickle ever.
Bystander,
That “buffoon” baits the media daily and they eat it up like lardy lapdogs. Who’s the fool? We tried collusion, Stormy, Kavanaugh, Recession and I think the next fake crisis is Racism. Yeah, that’s it… a guy who backs Israel is a racist! No, he’s a white supremac1st!! And you’re telling me $75 per hour minimum is not good money? We have 7.5 million jobs that are not being filled, I’d say the economy is doing well and my investments agree.
It’s a tough issue to crack for sure. For sure, the government is much bigger than it needs to be and filled with tons and tons of unskilled and undeserving individuals, many being paid greater than average and certainly over benefited to perform jobs that are mostly unnecessary. I swear, if you knew what was going on at my brother-in-laws federal workplace, you’d be sick to your stomach. It’s really THAT bad. And his benefits!!! Beautiful pension. Incredible health care coverage. 5% match in the 401K. They spend have their time celebrating promotions, anniversaries, retirements, etc. They have every holiday off including ones I never new existed. Then there are the spot bonuses, the guaranteed increases and promotions. And there’s even a well inhabited rubber room. They also used to get to leave an hour early every Friday until someone much higher up noticed. Recently he’s been killing himself working tons of overtime. There’s no work to be performed, so they pay him to sit there and do nothing (which is what many of them do anyway). Why? They don’t want to lose their overtime budget for the following year. Unbelievable? Right? In my place, every quarter, we have systematic layoffs. I’ve seen so many good, hardworking dedicated people lose their jobs. Very few executive RIFs off course. I really fcked up by not joining the government.
The top 5% of income earners is roughly defined at 380K+.
They contribute 24% of their income on average (the top 1% is 27%) to federal coffers.
They pay 800 Billion dollars in taxes. Assuming you manage to double their taxes to nearly 50%, without consequence in a perfect system, you would collect another 800 Billion dollars.
The US Federal budget is 3.8 Trillion. The projected deficit for 2019 is 1 Trillion, and generally has been averaging over 500 billion for years.
Now really, if that number was 6 million or 5 million, would it make any difference.
No, it would not make a difference to the federal budget since a) it would not even cover the latest / usual annual deficit, and b) Gov. would simply spend more like they always do.
(*numbers from Individual Tax returns, not including estates and trusts)
Lib, I look at your table and it strikes me 0-250k isn’t paying enough. That is the bulk of the population and raising those taxes actually meaningfully raises revenue.
14% income tax is peanuts for the first world, the services consumed by a family of 4 in a year far exceeds 14k. Outside of the war periods taxes as a percentage of GDP are in line with what they have historically been for the last 100 years. The liberal talking points about tax rates fail to account for the complexity of the tax code, no one was actually paying it, except the unlucky which is no way for a tax code to operate.
Bystander that’s the H1B effect. All of the big banks have signed contracts with the big foreign outsourcers and they import en-masse 65k-120k workers. Imagine now at the low end they offer a resource at 750 a day on-shore, topping out at 1k, which will net them a fat 35% margin, total cost for employee is 135k(100k salary+fica+bad benefits) vs. 210k billable to client.
Now the banks can hire the outsourcers resource for that 1k number, this person is captive. Now as an off the street resource you need to go through a company who will need at least 15%, usually 20% on top of your rate. Backing into it the 1k a day rate equates to 750-800 to the consultant corp to corp. The rate being offered is in line with what the outsourcers are charging, they are setting the rates by providing ample resources in that price range.
My wife heard the spiel at GS, quantity over quality from Ops management. Her comment was that is nonsense and these people have no clue what they are talking about. That is what is being preached in the upper levels at the banks move to lower cost areas and have more people. I have a project that has 77 resources a significant number offshore but we would likely be better served with 20 people on the ground closer to the client.
$90 an hour isn’t chicken feed, that’s still a decent salary for some, it’s just not what it used to be. To get a waiver to not use the body shops is tough at most places and it pretty much dictates that the actual cost to the firm not be any higher. That cheap offshore rate you are getting from infosys requires a certain number of bodies and also dictates that some percentage be the higher margin on shore variety. You want higher rates the giant pool of cheap consultants need to be sent packing, until that happens the pay remains stagnant.
Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday.
The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers the period through March; final updates, which will include the rest of 2019, will be released in February.
The revisions don’t change the overall picture of a healthy job market. But they do mean that 2018, which had ranked among the strongest years of job growth in the decade-long recovery, was weaker than previously believed. After the revision, hiring probably averaged under 200,000 jobs per month last year, down from the 223,000 initially reported and only modestly better than the 179,000 monthly jobs added in 2017.
I see Murphy fcuked up yet again!
https://www.northjersey.com/story/news/new-jersey/2019/08/20/passaic-nj-naacp-leader-fired-phil-murphy-after-anti-semitic-posts/2066204001/
A homebuyer,
I hear what you are saying and we really can’t ignore how sh1tty and ineffective government spending is. But regardless of the size of the impact, it’s just as unfair for the rules to be written in favor of the top 1% as it is for the middle classes to be raped. No matter if the math covers it or not. At some point, one must ask? Is this fair? Do I buy my 3rd yacht? Or do I watch as the workforce that most likely got me to where I am struggles more and more as I get richer and richer.
Remember, though the top 1% can’t completely balance the current the tax collection equation. It still can be part of the equation to help lift all of the boats. Right now, are current equation is only lifting the driftwood slightly as the yachts are floating into outerspace. And the rowboats and canoes. They are taking on water like mad.
And taxes are not just about what is used by the individual family. Let’s see Sam Walton make any money when his entire workforce and clientele (shoppers) don’t shop at his Walmart anymore.
Have some humanity. There’s enough for all of us to live pretty damn well off. It’s always a shame when revolution’s are needed to remind the oligarchy of this.
Baiting, Ed? He says outrageous, crazy things but his idiot supporters just lap it up and defend him. If he had a D next to his name you would be screaming insanity. Sad that it is been brought to such a low level. No, 75 is shit with no benefits. I have seen the numbers on what people make as consultants. 1200 a day was pretty common not too long ago.Were some people overpaid? Yes but lots of talented people were needed and now it is crap. They don’t care. Even our CIO has stated that we won’t keep people even if they are the last SME. If in London or US then basically f-ed. It is all happening as I thought. Cut your budget, force you to Indian labor pool then years later, ask why management in US and most of team in India? CIO solution? Hire management in India.
Predication time:
In 10 years it will be illegal to replace the battery in your personal electronic device by yourself.
Beach days on the Jersey Shore are numbered, but any lifeguards dreading the thought of putting their bathing suits away may be in luck: 300 lifeguard posts need to be filled in East Rutherford — stat.
American Dream, the mega retail and entertainment center finally nearing completion, is looking to hire the lifeguards to work at its indoor water park this fall. And the company will be hosting a job fair on Thursday to recruit interested applicants.
The hiring event for lifeguard-specific roles will be held at Bergen Community College’s Meadowlands campus at 1280 Wall St. West in Lyndhurst. The event begins at 8 a.m. and runs through 11 a.m., then will restart and go from 5 to 8 p.m.
The event will be strictly for jobs in American Dream’s DreamWorks Water Park, officials said. If you make the cut, you could start right after Labor Day.
Officials are looking to fill full-time and part-time roles that pay $16 to $19 an hour. Lifeguards’ responsibilities will include operating attractions like a slide dispatch, run outs, catch pools, hot tubs and a 1.5-acre wave pool. All employees must know how to swim and tread water, and are expected to pass a certification training course paid for by American Dream.
President Trump’s approval ratings are under water in national polls. His position for re-election, on the other hand, might not be quite so bleak.
His advantage in the Electoral College, relative to the national popular vote, may be even larger than it was in 2016, according to an Upshot analysis of election results and polling data.
That persistent edge leaves him closer to re-election than one would think based on national polls, and it might blunt any electoral cost of actions like his recent tweets attacking four minority congresswomen.
For now, the mostly white working-class Rust Belt states, decisive in the 2016 election, remain at the center of the electoral map, based on our estimates. The Democrats have few obviously promising alternative paths to win without these battleground states. The president’s approval ratings remain higher in the Sun Belt battlegrounds than in the Rust Belt, despite Democratic hopes of a breakthrough. Source: NY Times
From yesterday, I do not have Walmart within 25m of me but two Targets within 10m. I still buy diapers, wipes, kid stuff. Target has simply beat Amazon on price with 5% red card discount, 15% subscription discount with red card and $10 gift card on purchases over $75. I have seen a real push in last 6 months to beat their prices when you factor all of it. Online pickup has become much better. Not shocking. Their app still sucks. Coupons do not work right and you have to head to CS for adjustments.
Speaking to the lead story my BIL lives is a suburb a few miles just outside Detroit after relocating a few years back from California. Paid about 110k for a small house five years ago back. He is now looking to trade up, kids are growing schools are a concern etc. You don’t need to look far to see where the wealthy moved in Michigan. Bloomfield Hills MI, Beverly Hills MI etc these towns put homes in NJ to shame.
Amazon isn’t the deal it once was…that’s for sure. Still a great site in terms of service.
Yea, those are big dog areas. Beautiful. Money still there..
“Home-builder shares are fast approaching their highs for the year, moving past steep 2018 losses thanks to a combination of falling mortgage rates and firming housing data.l
Tweet from POTUS today.
“Germany sells 30 year bonds offering negative yields. Germany competes with the USA. Our Federal Reserve does not allow us to do what we must do. They put us at a disadvantage against our competition. Strong Dollar, No Inflation! They move like quicksand. Fight or go home!”
Side note issue of 50 and 100 year Treasurys, can be done…..
https://www.wsj.com/articles/u-s-government-bond-yields-rise-as-treasury-again-explores-ultralong-bonds-11566232039
Negative Mortage interest rates, that is no longer over the Horizon, it is a small dot on the Horizon but is coming close and close to our shores here in America.
“The world’s headlong dash to zero or negative interest rates just passed another milestone: Homebuyers in Denmark effectively are being paid to take out 10-year mortgages.
Jyske Bank, Denmark’s third-largest lender, announced in early August a mortgage rate of -0.5%, before fees. Nordea Bank, meanwhile, is offering 30-year mortgages at annual interest of 0.5%, and 20-year loans at zero.”
https://www.nationalmortgagenews.com/articles/negative-mortgages-set-another-milestone-in-no-rate-world
Juice so starter houses will be a million bucks!!
With all the talk about the midwest, I will just say that it aint that bad, If you can put up with the weather. Hey BTW where is expat?? That sum bish……
Nj fake news once again defending censorship. Apparently in the feeble minds of progressives, teaching a dog sig heil is hate speech. Anything that offends their sensibilities including biology is hate of course.
It’s no wonder that the media can’t come up with anything original or even funny. Once it passes through the PC review anything entertaining is stripped out.
Friend of mine moved to the Midwest. Nice new job as a data scientist for a major bank. Pay rate is however way way less than NY/NJ or San Fran.
re: Censorship
In this environment could they even do a re-run of The Producers on Broadway?
Probably not. I hate this pussification movement.
This just in for those Trumpy fans who think das Fuhrer is the second coming of the King of Israel (as he proclaims).
The Trump deficit has soared 27 percent in just one year, and will surpass a whopping $1 trillion next year, the Congressional Budget Office says. The federal government is taking in about $430 billion less than it was scheduled to because big-hearted Trump decided to donate that money to those poor rich people.
Republicans when a Democrat is president: Deficits are the 9th Circle of Hell.
Republicans when a Republican is president: Deficits are manna from heaven.
Turd – It ain’t a one party or a one person problem.
The recent multi-year debt ceiling deal between the Pelosi and Trump virtually guarantees trillion-dollar deficits well into the future.
The Fed has been playing games with with financing the deficit for over 10 years now. Why would you think for a second Trump would not continue this?
Bernake called it out a decade ago Fiscal Policy is out of control.
The simplest most likely scenario is we inflate till we are all dead The. FED has no choice NOW but to lower rates, unless it wants to go back to buying most of the Treasurys itself.
Michigan weather is brutal…… kind of a worse version of Eastern Mass, which is saying something…… stuck between all those great lakes (aloft clouds and lake effect snow) and helpless with all the cold air dropping in from Canada and no Atlantic Ocean systems to push it north……
Juice Box says:
August 22, 2019 at 9:21 am
Speaking to the lead story my BIL lives is a suburb a few miles just outside Detroit after relocating a few years back from California. Paid about 110k for a small house five years ago back. He is now looking to trade up, kids are growing schools are a concern etc. You don’t need to look far to see where the wealthy moved in Michigan. Bloomfield Hills MI, Beverly Hills MI etc these towns put homes in NJ to shame.
Agreed…… backbone of the country…. overlooked and underappreciated
ExEssex says:
August 22, 2019 at 10:20 am
With all the talk about the midwest, I will just say that it aint that bad, If you can put up with the weather. Hey BTW where is expat?? That sum bish……
All of this bellyaching about the Electoral college is garbage…… the Founding Fathers created the system this way on purpose….. it is intended to sandbag progress…. change needs to be gradual, thoughtful and well considered…. the progessives can’t stand the fact that the Obamunist couldn’t be a great statesman and govern through a coalition…. instead, they want to upend 240 years of structure because the Supreme Court doesn’t have LGBTQIA+ compliant bathrooms…..
As a case in point, I feel totally disenfranchised in NJ. Imagine how the entire middle of the country would feel if they were effectively cut of of any form of representation?
ExEssex says:
August 21, 2019 at 8:27 pm
President Trump’s approval ratings are under water in national polls. His position for re-election, on the other hand, might not be quite so bleak.
His advantage in the Electoral College, relative to the national popular vote, may be even larger than it was in 2016, according to an Upshot analysis of election results and polling data.
That persistent edge leaves him closer to re-election than one would think based on national polls, and it might blunt any electoral cost of actions like his recent tweets attacking four minority congresswomen.
For now, the mostly white working-class Rust Belt states, decisive in the 2016 election, remain at the center of the electoral map, based on our estimates. The Democrats have few obviously promising alternative paths to win without these battleground states. The president’s approval ratings remain higher in the Sun Belt battlegrounds than in the Rust Belt, despite Democratic hopes of a breakthrough. Source: NY Times
Juice. Yes it is both parties. My point is not so much to bash one side or the other, but to point out the hypocrisy that is the average Trump supporter.
On another topic and to support my feeling that the market is nearing a major correction. I always notice a pattern before major drops. It’s a lot like the capitulation you see (and can easily be fooled by) at market bottoms. First there is a decent drop (minor correction) with no real economic explanation for it. Then market volatility increases significantly over a period of a couple of months followed by the bottom falling out.
Compare these two charts. The first one is prior to the great recession. The second one is a 1 month chart for today.
https://tinyurl.com/yy6pt6bn
The best place to protect yourself is going to be in good dividend paying equities.
“The simplest most likely scenario is we inflate till we are all dead”
Fed the order. The first one is now. This one is the chart prior to the great recession. Yeah, it’s nearly a three-month period, but the pattern is exactly the same. You should factor in how dead trading desks are during the Summer as part of the equation.
https://tinyurl.com/yytmv8ph
And no, I’m not just trying to get ExPat to come out of the woodwork.
Juice, who cares that the pay rate in Iowa City is much much less than NYC, when literally everything costs much much less in Iowa City?
Here’s before the tech bubble burst. I had to leave the Naz out because it went straight up before the bottom fell out.
https://yhoo.it/2NolUNH
Bystander as I indicated the management in these banks think talent doesn’t matter, fungible “resources”. They are idiots brainpower is the single biggest input into any activity. You can deal with anything if you have smart people and you give them the freedom to solve problems.
People are needed locally because the actual business activity is occurring in London or NY, so the people making the money need to talk to the people supporting and if something is wrong they want to chew out management in person. Talent is a big factor, they will ask 5 years from now why every project fails, is over budget or prematurely needs to be replaced. It is the old adage penny wise and pound foolish, there is nothing but tears to be had from using inferior products and ineffective personnel.
Bystander your firm is behind, the offshoring hand has been overplayed. The newest trend will be near shoring, Detroit, Dallas, SLC, Huntsville, etc lower cost places. Still talent flows to where it is treated best, like capital you’d think finance people would get it.
One more for the RE lovers.
Here’s the Zillow on my Multi. Heck of a slowdown in mighty Montclair no?
https://photos.app.goo.gl/8oXYK4wdSRo6FLNBA
One can only imagine that the silence of the GOP is primarily because they believe the deficit is funding things they care about. That is the only explanation I can find. This cultural tug or war will only end once the parties agree to disagree.
Bruiser – Nowhere is 50% less than NYC, and it’s not a dump like Iowa City. Pay just that however 50% less than NYC. Considering what the consultant rates are in Finance I am hearing about here $90 an hour I guess it is the new norm working in Finance jobs.
ExEssex- the topics of debt and deficits makes everyone quiet on Capitol Hill. Nobody is running on cutting the deficit. We have gone beyond modern monetary theory, the politicians no longer worry about any budget constraints, they campaign on spend, spend spend now. Pay Go? Debt Ceiling? What are those?
Midwest is not that cheap depending on where you want to live. My wife is from Michigan and has family in Ohio, Indiana, Iowa, Minnesota,Missouri, Illinois etc. Housing and property taxes are way lower to an extent, you can get better housing at the low end to live where people want to live.
Michigan in particular housing costs are lower you can move to a subdivision in a township which will be a nice newer home at a relatively low cost. This is no one’s first choice people want to live in town closer to everything or on a lake not in the middle of a former corn field. Nice suburbs aren’t cheap, maybe 10%-20% less than the northern NJ equivalent, property taxes are way lower though. All other expenses are the same or higher, they actually pay more for food, gas is the same, all other costs are in line with what we are used to.
So where is the big savings, my housing expense is maybe 50K more per year at the absolute most but my wife and I literally make double what we would in MI, there are very few jobs out there that pay over 200k per year.
““The big question: Is the U.S. in a recession or about to enter one? We’re either there or within two months away from that,” Tice, who sold his Prudent Bear fund (BEARX) a decade ago, said in a interview this week on CNBC.
“There’s certainly a lot of risk to the market here,” he continued. “I’m very, very worried about Europe and Asia where the declines are significant.”
As the bull market forges ahead, it’s been a tough run for bears, in general. Earlier this year, Tice told CNBC that the huge rally off December lows was a “dead cat bounce” and that he was looking for a drop of up to 30% for 2019. Oops. There’s still time left, sure, but the S&P has enjoyed a double-digit rally so far this year. The S&P 500 index (^GSPC) is up 16% year to date and the Dow Jones Industrial Average (^DJI) is up 12%.”
https://apple.news/A8bdZl7m4S5eU7mc_M9yuSg
JCer,
Not my first rodeo. I know this place is in shambles..but I can assure you that they do not believe outsourcing is overplayed. They are doubling down on it. They only care about perm vs. outsourcing mix to counter act knowledge loss..and a perm in India replaces a current perm in US. It is this constant that the new person will acquire knowledge over time. They don’t care about short term loss. Cheap, cheap, cheap..
Interesting flurry of job contacts last 3 days. It was absolutely dead for 6 months. Now every Indian recruiter with no idea on US geography is pinging me for Loan IQ role in Charlotte. Same job, 12 different contacts. I guess summer is over and IT freak out mode is coming. Money not spent , time to deliver in Nov and layoff in Dec. Of course not one of these would pay a decent wage. It is why this economy blows. No wage leverage. All this apparent need but absolute crickets if you don’t take their crummy rate. Never witnessed such a dichotomy.
Both sides have always ignored the deficit when their boy is in office. There is no longer a pathway to even getting it reigned in. The federal government is too big. No president is able to stop it. The more and more I pay attention, the bigger problem is congress and their lifelong memberships.
Tenure build dynasties keep anyone around long enough they’ll enrich themselves at the public trough. It’s true. Not much else is, but the wealth building on both sides pays off for these poor public servants. Friskies.
Juice, no place is 50% less than NYC? Do you even look at housing & taxes in & around NYC with an open mind, bro? And Iowa City, home of University of Iowa a dump? We’re not talking Gary, IN or Flint, MI here. I’ll mark you down for “never been, never will go, already made up his mind…”
The trumpster’s here are amazingly quiet about the ineffectiveness of Trump’s Corporate Giveaway. Just sayin’.
Ardmore PA is a nice town good schools house prices are reasonable and taxes half Bergen Co.
Amazing how we go from booming economy to recession is just about here and negative interest rates.
How about Dayton Ohio, where my sister lives.
https://www.zillow.com/homedetails/43-S-Williams-St-Dayton-OH-45402/67564567_zpid/
Just a random place. In these parts that house is 500K easy with 18K taxes. In Dayton, it’s 160K with less than 3K in taxes.
The markets reflect a prospering economy 3b because it is, for those investing in the markets. The other 95% doesn’t have a pot to piss in. Debt is definitely increasing and I’m not seeing a prosperous period from my perch. As a matter of fact, things are looking pretty downright sh1tty for many of my peers and I. This lack of wage growth among price increases for everything under the sun, especially government-related, is simply killing the rest of us. But have no fear, the President would like you to believe it’s the fault of Pinata Pedro. Sound familiar? Some other lying leader once blamed the invisible ills of society on Bagel Ben. When people questioned him, he said, “fake news too.” How’d that work out?
Lib the deflation thing funny. What exactly is declining in price that warrants the deflation scare? As for Trump he is a moron although I think he is right with the China issue. Of course the left would rather focus on Vlad the boogeyman! As for the Democrats they are awful as well. I despise both parties and have felt that way for years. They are both and paid for. Flip side of the same coin.
As for the NYC area many are incredibly self absorbed and delusional about how fabulous it is to live here. And rationalize everything away. Some can’t understand there are millions of people living their lives in nice areas with good jobs and happy.
Chicago,
How do you feel paying all those federal taxes so a bunch of opiate addicts in middle America can get welfare, food stamps and drug treatment from the government. You have no voice because of the electoral college.
30 year realtor says:
August 16, 2019 at 10:38 am
please point out any policy issues I have discussed here.
30 year,
Commenting sparingly, usually in a sarcastic manner is my schtick!
So embarrassing….. sickening actually….
https://nypost.com/2019/08/22/ocasio-cortez-slammed-for-calling-the-electoral-college-a-racist-scam/
This issue is everywhere…. New England is as bad as any…..
I also take umbrage with the idea that California is interested in attempting to bulldoze social policy for the entire country just because they have a significant plurality in the population. Especially considering that much of that agenda is not well considered.
The advent of the smartphone in 2007 is a huge cultural upheaval that has not entirely been digested. Much wisdom is generated by merely allowing events to unfold and observing outcomes….. people need patience…. the electoral college is a set of shock absorbers on U.S. society.
As we know, we have an incredibly flawed and unfair system of governance and economic structure, that happens to be substantially better than any of the other available solutions out there.
30 year realtor says:
August 22, 2019 at 5:20 pm
Chicago, How do you feel paying all those federal taxes so a bunch of opiate addicts in middle America can get welfare, food stamps and drug treatment from the government. You have no voice because of the electoral college.
That has led many investors and analysts to ask why more govern-ments aren’t taking action. Many proponents of large-scale bond issuance at ultralow rates say policy makers are missing an easy opportunity to raise funds that could help generate jobs and income by, for instance, financing the rebuilding of crumbling roads and bridges, for starters.
“There’s free money on the table for the U.S.,” said Adam Posen, president of the Peterson Institute for International Economics. “There’s no reason for the U.S. to hesitate.”
The politics of debt issuance have grown fraught in recent years, with government deficits rising in the wake of the 2008 financial crisis and again recently. But markets haven’t been concerned about deficits recently, with U.S. yields falling despite a rising budget gap. Those worried about the accumulation of government debt should realize that locking in low interest rates for very long terms is ultimately very prudent, said Mr. Posen.
https://www.wsj.com/articles/yields-plumb-new-lows-but-century-bonds-remain-scarce-11566466202?emailToken=952cf0251031e105e545ea4f60728bdby7qFvLw5BdNRnzenNL3f8omjRH4mvltkT/u5R50kIKZc8/AidTVRtWdKVipk3N/vXZHZjm1xD6998fvWt4dZooFiLMzu7G4+HLvrJGCRUbXEW02TmYJxkSyE6N8aC6yD&reflink=article_copyURL_share
I can’t believe we won’t see much more of this.
Boomers leaving expensive things behind that no one wants or can afford.
That generational changing of the guard has led to an oversupply of ultraluxury ranches on the market. Nowhere is the glut more apparent than in Colorado, where some of the biggest and most storied properties are located.
Jeff Buerger, a local ranch broker with Hall & Hall in Colorado, said there are more large trophy ranches on the market right now than he can recall in his nearly three decades in the business. There are about 20 ranches priced at over $20 million on the market in the state, according to a Wall Street Journal analysis of listings.
Bruiser Bro- I have family in Iowa. I have golfed there too….
Is this worth $400 K? Nearby Cedar Rapids…
https://www.zillow.com/homedetails/469-2nd-Ave-SW-Cedar-Rapids-IA-52404/2089879649_zpid/
Don’t be stupid, think macro. The rest of the costs of living, food, cars, other parts of PCE etc etc is maybe a 10-20%% DIFFERENCE ANYWHERE in the USA.
re: “So embarrassing….. sickening actually”
I find it equally offensive that a c*o*ck sucker from Queens take offence to a c*o*ck sucker US Rep from the same dam part of NYC.. Aren’t you still a dirty renter? Or have you finished fella-*ting your landlord?
6:24 I think it’s fair to say that after living out here for a couple of years. I would NOT trust California legislators to guide any policies. Perhaps it’s something inherent in the leadership or maybe most government types have thrown in the towel, but every problem seems to have gotten the best of the leadership out here. It is one giant state of dysfunction with some nice weather thrown in by mother nature.
So the electoral college just became racist! If Hillary had won it would not be racist? And it was not racist when Obama won twice? The electoral college was established by the founding fathers it is a fundamental part of our system of government. The Democrats need to get rid of AOC.
No one in the DNC gives two sh1ts about her. Only Trump and FOX listen. Even Pelosi was sent in to shut her up. I would bet there’s a good chance she’s one and done.
And nothing like Wall Street weighing in on low interest rates. Half the reason the world invests in our markets is because we are the grown up economy. After taking the largest bailout in the history of the world, it does not shock me to see Wall Street begging away a healthy recession.
The next drop is going to be HEYUGE! Trust me.
AOC::Trumpists
Trump Tweets::Democrats
Both sides taking the bait like the dumb fish that they are.
https://www.theblightauthority.com/
Lib, your instincts seem spot on. I think it will correct between mid-sept and end of Oct. Thoughts on 10 yr going negative?
Flyover much easier life. Less congestion, but also less jobs, lower pay and lower cost of living. If you get canned out there, tougher to find a new gig.
People don’t know what they don’t know (Tri-State about flyover and flyover about Tri-State). Each place has its pros and cons. I don’t care much for NJ but some of the crazy stuff going on in other places has not happened here and hopefully it won’t. Concerned when pension issues comes home to roost but probably won’t be living here by time it happens.
Partisan politics is a joke. Divide and conquer. Remember when being a D meant the working class? Remember when R meant fiscal responsibility? What if we had no political parties and no Citizens United / Super Pacs, regular pacs and no corp political contributions? What if the only money for elections came from individuals 18 + older who are current on their taxes and not felons or in prison and limited the $ donation per person? Then, people would really have to decide what is important to them and candidates would need to make their pitch or value proposition understandable and palatable. Forget it, won’t ever happen. Most of the time, D or R, they get emotional and yell without even knowing what they are yelling about. Check out “Them, Why We Hate Each Other” by Senator Ben Sasse or listed to him speak on YouTube. Good insight as to some of the social problems today.
PS – not an endorsement for Tulsi Gabbard but she speaks often about senseless wars. Maybe if everyone served, no matter if rich, poor, color, religion, education, where you grew up, if every kid served and the wealthy ones came back injured, we would have an engaged populace and a lot less war and the human / economic costs associated with it.
Does anyone actually have the balls to try and play bottom game? It’s almost impossible to beat dollar cost avg. Is it even worth trying?
Nomad,
The 2 overlooked gigantic positive societal side effect of a mandatory both sexes draft (like Israel) are
1- The military is a great gigantic societal fine tooth comb that is very adept at spotting mental illness and promptly removing for treatment to VA.
2- The military is great at filling up the time, allowing for personal exploration, confidence building, and learning a skill set whether fixing a jet engine or putting a 50mm thru the head at someone 1 mile away, in the period of time that a lot of young people are totally adrift, unguided, lack confidence, and in short need to find themselves.
I would say, that these 2 factors above are the reasons to have a mandatory both sexes go draft.
PS – not an endorsement for Tulsi Gabbard but she speaks often about senseless wars. Maybe if everyone served, no matter if rich, poor, color, religion, education, where you grew up, if every kid served and the wealthy ones came back injured, we would have an engaged populace and a lot less war and the human / economic costs associated with it.
There are 30 some million 17- to 24 year-olds out there. 71% of them cannot join according to the Pentagon.
Reason’s being.
Health 32% – Drugs!
Physical Fitness 27% – Fat asses
Educations 25 % – No HS Diploma or GED
Criminal 10% – already a convict
Do we really need a military bigger than the 2.4 million serving already? Not really. Are they all just going to march around in formation all day?
Interesting tidbit about the IDF if you are Arab or studying in Yeshiva you cannot be drafted.
Is the bottom game something you do with people you meet on tinder?
The Great Pumpkin says:
August 23, 2019 at 9:09 am
Does anyone actually have the balls to try and play bottom game? It’s almost impossible to beat dollar cost avg. Is it even worth trying?
Last person to leave please turn out the lights.
https://www.marketwatch.com/story/it-is-an-act-of-insanity-to-stay-in-the-us-why-this-63-year-old-teacher-ditched-massachusetts-to-retire-in-the-highlands-of-panama-2019-08-23
It surely gotta be a Gaydar filter.
Juice. Who said teachers weren’t smart. Panama would be my #2 behind Pura Vida.
Juice,
Nothing can be done about the criminal background. For the other stuff, 16 weeks of basic training can cure them. Another benefit is getting young people together that normally would never interact with one another. Do so would get rid of some of the very very dangerous tribalism so prevalent in our nation today.
Survey: More than 80 percent of employees at Adobe, Intel, Cisco see cost-cutting at work
Sure sounds like the roaring 20s 2.0!
Lib,
Fake news. Cost-cutting is really eco friendly. Who needs cups, napkins and utensils? Who needs paper and pens? I am actually ok with it. It was excessive. Not using my hand for tp though.
More media “baiting”, Ed?
Who is our bigger enemy, Jay Powell or Chairman Xi?
-latest Trump tweet
Red hat idiots..period..and I hate the Fed.
Trump orders U.S. companies to ‘start looking for an alternative to China’
Dow sheds 400 points
Off to a hockey tourney in PA. Can’t say I didn’t warn ya all.
XLP and XLU and XLK
Your choice. Just get out of mega/large cap growth.
I hear the biggest sellers of red hats are in xs and irregular sizes.
Dumpy playbook:
DT: “Since I have the biggest and best brain, I am announcing I have cured cancer. It is the greatest breakthrough in human history. It is easy, 100 effective and immediate results”
(pushes surgeon out of way)
Red hat morons: “He is a god. The chosen one. He has cured cancer”
(DT rips cancerous tumor from brain)
DT: “Doctor, you may now restore the patient. I am the best”
Doctor: (frantically tries to save patient). “He is dead. You killed him”
DT: “He was alive when I did it and now you are assigning blame to me. You are a deep state liberal and an enemy of the American people”
Red hat idiots: “He cured cancer. He is god. Lock Doc up. Lock Doc up”
Warn? People voted for this. There are videos of him saying he would do this that were taped in the 80’s. People asked for this.
I think Trump has finally done it today.
You are never supposed go Full R*TARD. Calling the Chairman of the Fed and the President of China Enemies?
https://www.youtube.com/watch?v=X6WHBO_Qc-Q
Nomad – this is what you will get.
https://www.youtube.com/watch?v=rHcMxOJ5BN4
https://twitter.com/cate_long/status/1164923976608563201?s=21
Note to US companies considering China exit > > massive oppurtunity in Puerto Rico. Income taxed at foreign corp rates, 80% credibility of PR taxes on fed inc tax, PR govt tax credits & subsidies, lower cost high skilled labor, almost free industrial space +++ #muniland
Really D? You think people went back to 80s tape before voting him? It was a message “I will bring back manufacturing jobs to middle America immediately” “Trade wars are easy to win”. “I will provide the greatest healthcare plan on Day 1″ ” I will build a giant beautiful wall to keep out drug Lord’s and rapists immediately” “I will stop H1 abuse on Day 1”
Sorry you fell for these lies because he had R next to his name. It is clearly the big F now. Hail to mein fuhrer
1980’s Trump is down right logical and reasonable compared to 2020’s Trump.
JCer,
Unhinged. He is losing it. Don’t mistake his intent. He is trying to put Powells life in danger by calling him enemy of American people. There is someone in tiny red hat with Jay on his list. He tried to place a pizza morons like Cain on Fed to politicize in his favor. Even trad Rs know this would destroy our economy. Dumpy will get more desperate as he now running out of time to get it Fed on his side prior to reelection. That, or surrender on China deal and give big stick to Ds. The next six months are going to be scary with him. Crazy, arrogant, stupid and desperate..look out America.
Powell already has 24 x7 protection and the FED has a 1,000 + strong police force.
IF it is anything like Yellen used you can bet he is well protected.
https://www.businessinsider.com/janet-yellen-security-detail-2014-6
There is a chance here to kill two birds with one stone.
Send the jobs to the northern triangle countries of Guatemala, El Savador and Honduras, with some subsidies of course.
That would stop the border crisis and end the need for trade war.
You guys are right.
I feel so badly for wall street multinationals with exposure to China. :P
Juice,
That is well beyond re-election time frame. It won’t matter. If stocks tank over next year, Trump is done. He knows this thus desperation. Problem is that he has made enemies all around. He will have no support politically. Rs will have to distance themselves. I expect new R candidate to seize this time.
Koch dead, Trump officially loses mind..quite a day for the libs.
I doubt China will ever strike a deal. The so called “Century of humiliation” that resulted in British control of Hong Kong is part of their culture.
Funny how now they flood the US with Fentanyl. Seems much like the British did to them when they flooded them with opium during that time period. Perhaps they wish to inflict a century of humiliation on us and we are too greedy and addicted to fight back.
quite a day for the libs
The libs would love to celebrate a victory on any level but how can you when you can’t even figure out what they’re fighting for.
Trump reached a new low with his attack on Powell today. Putting him in the same league as a ruthless totalitarian dictator is shameful and disgraceful, and disgusting. No amount of rationalization can justify it.
2:28 I think the Dems now believe a completely amoral possibility mentally ill certainly incompetent man is POTUS, their fight is to save the Country from a 2nd term.
Ed,
I agree with you. They are fighting the wrong fight. Still, Dumpy has lost it so your guaranteed reelection is looking more tenuous. Who else you got on R side? Seriously I am open minded.
Essex I could buy that analysis but look at who is running on the D side?
Who else you got on R side
No one will challenge and honestly, I like his “f.uck you” attitude. I can’t stand the political preachers. You know, the ones who do that half thumbs up thing with a canned message like, “We’re fighting for the middle class!” Bullshit. You’re fighting for no one. Trump is a blowhard and a d0uche. Good!! We need that. We’ve been pulling the world along for way too long… f.uck you, pay me. As for the left? LMAO!! Who and what are they? What do they represent? Plush animals for all? They talk about pipe dreams and cast a light on those who want to succeed as villains.
I think the Dems now believe a completely amoral possibility mentally ill certainly incompetent man is POTUS, their fight is to save the Country from a 2nd term.
Collusion, Stormy, Kavanuagh, rac1sm and now mental illness… something’s just gotta stick!! It must, I tell you, it must!!
3b,
Yes, Trump is a total jackass who has no concept of dignity or decorum.
Amoral, untruthful, and destroying what little remnant of intellectual honesty Republicans once had. And Trump thinks everything is about him. He’s getting powned by the Norks while claiming he deserves a Peace prize. He doesn’t actually understand economics. There are real reasons to try to change China’s behavior – I think their WTO entry was a huge mistake in the first place – but it would require a genuine leader of the free world to effect change, not a crybaby who insults allies while vacillating between loving and hating his real opponent.
Trump is going to lose a lot of voters this upcoming election just because of his erratic personality. I doubt Old Joe B hangs on to the nomination, so somebody left of him will be the next president most likely.
No one I basically agree. What scares me is your someone left of Joe comment
Ed,
Like the crazy taxi driver at 2am who gets you from Lincoln Center to Penn Station in 5m, barreling through lights and crosswalks. You might be impressed at audacity, selfishness and speed but bigger issue is that was extremely unsafe. That is Dumpys presidency. The lines are much blurrier than strict Randian beliefs. Old guard Koch dies and left leaning Bezos is your new capitalist. Same with gay guy running Apple. Do you support them as capitalists or not? China issue was not built in a day. US business gave it away for free for cheap product. Extracting that 40 years later in not an “easy win” like Dumpy says. Time to give a sane R a shot. Clown does not get it
Not sure he would run but for those interested in a true conservative who is bright, level headed with a good track record of accomplishments, take a read and look him up on YouTube.
https://m.facebook.com/sassefornebraska/posts/561073597391141
Dfense, you are sh!tt!ng me!!
Come on dude, only a a bunch of LSD leaking, c0k3 sn0rting n!twits would think that giving the store away to the Chinese Communist Party would make them change their ways. Those same nitw!ts are trying really hard to give it away to the Vietnamese Communist Party (tell that to a Vietnam Vet), next week it will be the Castro family. Frankly, they need to be lined up and sh0t, just for being n!twits, never mind enabling the commies.
D-FENS says:
August 23, 2019 at 1:57 pm
You guys are right.
I feel so badly for wall street multinationals with exposure to China. :P
BTW, if anyone noticed.
Trump’s today’s rant delineated a great strategy that blames China (which deserve blame as they control over 80% of the market for start pharmaceutical chemicals) for the Fentanyl/Carfentanil importation and aggravation of the opiod epidemic.
This is a great winning issue in fly over country. Easy to chant to. China -Fentanyl – Opiod epidemic = British Opium China trade.
I just…. I feel so sad for them…