From the NY Post:
Alarming number of US health care workers are refusing COVID-19 vaccine
U.S. health care workers are first in line to receive the COVID-19 vaccine — but an alarming number across the country are refusing to do so.
Earlier this week, Ohio Gov. Mike DeWine disclosed that about 60 percent of the nursing home workers in his state have so far chosen not to get vaccinated.
More than half of New York City’s EMS workers have shown skepticism, The Post reported last month.
And now California and Texas are experiencing a high rate of health care worker refusals, according to reports.
An estimated 50 percent of frontline workers in Riverside County in the Golden State opted against the drug, the Los Angeles Times reported, citing public health officials.
More than half of the hospital workers at California’s St. Elizabeth Community Hospital that were eligible to receive the vaccine did not, the newspaper.
And in the Lone Star State, a doctor at Houston Memorial Medical Center told NPR earlier this month that half the nurses in the facility would not get the vaccine, citing political reasons.
The excuse shared by the Texas nurses was echoed in a recent Kaiser Family Foundation survey that found 29 percent of health workers were “vaccine hesitant,” the Times reported.
Cool. It will shorten the wait for those who want to get the vaccine.
My area will probably hit herd immunity anyway in May or June. Already about 7% have tested positive. Probably at least 2 -3 times more than that have had it with no symptoms or thought it was allergies or a cold.
My wife couldn’t believe how many people were out yesterday. It was like a prepandemic Saturday afternoon. She was also stunned by the number of people with no mask or wearing one improperly
And I claim first, second, and third
Cool. It will shorten the wait for those who want to get the vaccine.
Except in NJ, where we won’t move to the next phase if we don’t hit the current phase target. We’ll instead form a commission of the best and the brightest to help tackle this problem head on, spending months doing nothing.
This is exactly why we need vaccination to be a requirement for travel. Vax passports are a fantastic idea, as they penalize free riders.
Republicans still trying to overturn election results
Over 3,000 a day dying from covid and it’s getting worse.
So what do the democrats prioritize? Banning the use of gender words like he, she, mother, father, husband, and wife in the house.
Need popcorn to read Gary’s response after he reads the article on dems top priorities. I guess the costal elites still haven’t realized stuff like this is why trump got elected
https://www.telegraph.co.uk/news/2021/01/03/democrats-propose-ban-gender-specific-words-new-rules-congress/
Nice to see some the state vax leaders really start to hit their stride. Congrats to the top 3 for hitting an aggregate 1 million doses yesterday
California – 412k
Texas – 365k
Florida – 247k
Total – 1.1m
Oh yeah – I guess not so bad for NJ – thanks to CVS and Walgreens.
New Jersey – 92k
Tomorrow NJ will receive an additional 106k vaccine doses, the stockpile continues to grow.
Republicans still trying to overturn election results
Hey! Over Here! Look at me! I’m still important!
If it’s any indication.
Passaic County vax administration – the first 500 doses were scheduled and registration was closed out in around 8-12 hours.
We’re about 24 hours into the next round of 500, and there are still appointments available.
Grim
That commission will have to first form a subcommittee to determine what pronouns and adjectives to use. Their findings will then be sent to a group of highly paid politically connected consultants for an in depth study costing millions.
Beer,
Symbols, appearance and distraction are democrats tools of the trade. The masses are a bunch of bloated cows mulling about with limited IQ. Tell them anything and have the media and tech shove it down their gullets. I wonder when O’Biden will appoint his horse, Zim Sie, to his inner consul?
Fast
I just ordered 6 pounds of popcorn from amazon for delivery tomorrow. I’m all set for Jan 6th. Trying 3 different types of Amish country popcorn and some other non gmo brand I can’t remember the name.
Symbols, appearance and distraction? Like red hats? Like staged photos in front of a church holding a Bible? Like making up a story about election fraud without any proof?
Neither side owns the high ground. If you can’t figure this out for yourself, you must be a cult member.
Grab some beers for the night before…..
We are doomed. It’s because of the social media anti vaccine campaign over the past couple of years. We were talking about brainwashing yesterday, well this a prime example. Can’t fix stupid. Anti-vaxxers make me sick. Yes, big pharma is out to get you. The govt wants to hurt you. Stfu and go read a book, instead of going to online forums that are echo chambers. It makes me sick, because some people I consider smart have succumbed to this movement. 2020, and we are devolving. F’ing pandemic, and they won’t take vaccines. Feel like I’m on an episode of South Park.
https://mitpress.mit.edu/books/anti-vaxxers
I also have 3 different flavors of slap ya mama Cajun seasoning for my popcorn.
It’s going to be needed.
https://www.yahoo.com/news/mitt-romney-other-gop-senators-024917687.html
30 year,
Absolutely. Most of the anti-vaxxers are Republicans. It’s sad how that party has become a breeding ground for conspiracy theories. Trump absolutely destroyed that party’s base by attracting a bunch of losers.
Bitcoin now at 34,000. We are devolving. My god, this many people throwing money at something that has no intrinsic value. Unbelievable.
A new party is going to come out of this mess. Both parties have completely lost their way.
Hold my beer says:
January 3, 2021 at 6:50 am
The group is led by Senator Ted Cruz of Texas and includes Senators Ron Johnson of Wisconsin, James Lankford of Oklahoma, Steve Daines of Montana, John Kennedy of Louisiana, Marsha Blackburn of Tennessee and Mike Braun of Indiana, and Senators-elect Cynthia Lummis of Wyoming, Roger Marshall of Kansas, Bill Hagerty of Tennessee and Tommy Tuberville of Alabama.
Together with Senator Josh Hawley of Missouri, who announced this week that he would object to Congress’s certification of the election results, they bring to nearly one-quarter the proportion of Senate Republicans who have broken with their leaders to join the effort to invalidate Mr. Biden’s victory. In the House, where a band of conservatives has been plotting the last-ditch election objection for weeks, more than half of Republicans joined a failed lawsuit seeking to overturn the will of the voters, and more are expected to support the effort to challenge the results in Congress next week.
Representative Mo Brooks, Republican of Alabama, has said he will object to certifying the results, and with Mr. Hawley’s support, that challenge would hold weight, prompting senators and representatives to retreat to their chambers on opposite sides of the Capitol for a two-hour debate and then a vote on whether to disqualify a state’s votes. Both the Democratic-controlled House and Republican-controlled Senate would have to agree to toss out a state’s electoral votes — something that has not happened since the 19th century and is not expected to this time.
I cannot imagine what Gary would say about a group of democrats trying to subvert a GOP win.
IT’S FOR THE CHILDREN!
I cannot imagine what Gary would say about a group of democrats trying to subvert a GOP win.
Supplementing the fake impeachment, the democrats have been denying the Trump presidency for four years. O’Biden will get sworn in either way… here’s hoping his administration is an epic disaster.
Rooting for a country you claim to love to fail.
imCUQWLDjJfoZP
re” say about a group of democrats trying to subvert a GOP win.”
Not that they haven’t tried, History Rhymes. Here is the certification from 2001, about 25 congress critters objected.
https://youtu.be/6D00MmTuja8?t=76
tRumP gEts a dO-oVeR bEcAusE pEoPlE weRe mEan tO hIm.
Snowflakes. I officially have zero respect now.
10:55 completely different scenario.
Man you continue to thrill with your vacuous stupidity.
Fast : It it’s a disaster your children will pay for it, not you. I can’t stand Biden, a corrupt bought and paid for politician like so many others, and he used to be a racist, not to mention lying about his academic record and his plagiarizing. But I don’t want want his administration to be a disaster. Although in the end it does not matter as our day in the sun is over.
I’m laughing here as you criticize Biden’s “academics” when you have a functional (barely) illiterate in office who paid someone else to take his entrance exams to go to college. Pathetic. Bye folks. It’s been a slice.
Bitcoin has some value for criminals i hear. It’s also extremely costly to maintain the system given the massive electricity needed. One would think that the greens would be against it just for that.
Essex – Tossing insults gets you no points, you also get no high ground here. The left is not above attempting to disrupt the election results. I am simply pointing out the last three republicans elected all faced the same challenges during the certification of the election.
What is more interesting to me is on Tuesday is a good amount of the Alt-Left and Alt-Right will descend upon Washington DC and continue their LARPing that escalated a bit on Dec 12 the last time they showed up in force. The Alt-Right led by an Afro-Cuban and the Alt-Left led by a bunch of White “educated” folks.
Should be an interesting day to stay home with popcorn.
” half the nurses in the facility would not get the vaccine, citing political reasons.”
Young fertile women don’t want this stuck in them.
Essex: Did Biden lie about his academics? Yes he did. We all know about Trump. That’s the problem with you Democrats if your side is called out for lying and hypocrisy you scream Trump! You are just as much of a cultist as a die hard Trump supporter.
Anyone watch Death to 2020?
And if so am I the only one who found it funny?
Then again, never been one to follow the crowd.
Lemme say this. I am open to objective arguments and my tolerance for the GOP comes from the fact that I grew up in the thick of the Republican rustbelt and watched them govern for years. This fellow is a Menander, he is mentally ill, and cannot pour pee out of a boot if the instructions were written on the heal.
*menace thanks Apple – you suck too.
I am sorry about the name calling.
I’m working on that.
Bitcoin and other crypto is profitable for those mining right now, there were somewhere around 1,500 new Bitcoins mined in the first two days of the new year, about 45 million dollars worth, so even for the massive electricity needed it’s profitable.
My brother recently built mining setup in a warehouse here in New Jersey. They keep adding more and more mining rigs, but it is nothing compared to the mining setups in Iceland, China and other places. 50,000 to 100,000 mining computers running simultaneously, and massive amounts of Megawatts. Iceland, Kazakhstan and other far flung places with cheap electricity.
As far as a Criminal Enterprise 65% of the mining is occurring in China. So think about where the money flows when someone buys a bitcoin in USD many times that money is wired to China. You get crypto and they get USD.
Here is a Map..
https://cbeci.org/mining_map
https://recallgovmurphy.com/
Here is one new mining setup in Kazakhstan. 180 Megawatts enough to power a small city.
Someone put up 23 million for construction to build this place.
https://www.youtube.com/watch?v=4bfvXMuZgxw&feature=emb_logo
Won’t be long before the USA prints so much money that people will believe in the invisible Crypto money over the bills and coins in your pockets.
Juice,
So it’s your brother’s fault that it’s hard to find high quality video cards anymore.
At least now I have someone to blame :-)
Chi,
I’d vote to recall his dentist as well. With govt bennies you would expect a world class grille.
Phoenix – It all should be made illegal, the cost to mine a full bitcoin is around $7,500 in electricity these days. Somewhere around the annual output of seven nuclear reactors is used to power the mining operations. It is extremely wasteful, and once it is no longer profitable the mining will suddenly be shut off by the people funding it and the kids all trading their futures on this crypto will be left holding on big fat bag of nothing.
Juice: And then we will bail them out, because it’s not their fault.
Bwahaaaaa. Cost cutting. Haha. Eastern Europe. Haha. Enjoy your stock profits dolts.
Past and current employees SolarWinds had lackluster security measures in place. Chief Executive Kevin B. Thompson (above) cut common security practices to save costs and his approach almost tripled SolarWinds’ annual profit margins to more than $453million in 2019 from $152milliom in 2010.
A cybersecurity adviser says he warned SolarWinds of a potential ‘catastrophic’ attack if the company didn’t amp up internal security measures and the firm’s move to Eastern Europe may have exposed it to the massive Russian hack.
HMB 9:42a
Romney is a useless, privileged POS.
Cruz is positioning himself for the populist mantle 2024.
Half Dose? They cannot get 70% of what has been shipped into peoples arms.
“The head of the federal government’s Covid-19 vaccine program said Sunday that health officials are exploring the idea of giving a major group of Americans half volume doses of one vaccine to accelerate the rollout.
Moncef Slaoui, the head of Operation Warp Speed, said on CBS’ “Face the Nation” that one way to speed up immunizations against Covid-19 was to give two half-volume doses of the Moderna vaccine to some individuals.
“We know that for the Moderna vaccine giving half the dose for people between the ages of 18 to 55 — two doses, half the dose, which means exactly achieving the objective of immunizing double the number of people with the doses we have — we know it induces identical immune response to the 100 microgram dose,” Slaoui said.
“And therefore, we are in discussions with Moderna and with the FDA — of course ultimately it will be an FDA decision — to accelerate injecting half the volume,” he added.”
“Rooting for a country you claim to love to fail.”
Absolutely. If I need to suffer a bunch of pain short term to ensure this bunch of ensconced, self serving, corrupt assholes don’t come near the levers of power again bring it on. Depression 2.0 even.
Juice Box says:
January 3, 2021 at 10:55 am
…Not that they haven’t tried, History Rhymes. Here is the certification from 2001…
ExEssex says:
January 3, 2021 at 10:57 am
10:55 completely different scenario.
Man you continue to thrill with your vacuous stupidity.
Juice, I saw what you did there….although even I wouldn’t have expected him to take the bait within two minutes lol.
You knew it was going to be totally different because….well….the shoe was totally on the other foot. LOLOLOL.
Left: And then what’s the alternative? Crash it all ? Perhaps, but the younger generation will bear most of the pain.
“Perhaps, but the younger generation will bear most of the pain.”
Unfortunately, this will be the outcome for the younger generation. Boomer don’t care.
Except for those who truly love their children.
“Left: And then what’s the alternative? Crash it all ? Perhaps, but the younger generation will bear most of the pain.”
Like the moss that constantly springs on your North facing wall it bounces back stronger.
I’m not looking to crash it all…..we are inside the crest of a monster wave before it (inevitably) folds on us and drives us into the ocean bottom….it’s simply going to happen.
The only thing politicians understand is brute force at the polling place…..an absolute washout under a Biden term would be a final flush of the Pelosi-Schumer-Clinton-Podesta wing of the Party…
We are the leaders of the world still, but the chess pieces are being moved around against us. Being a leader, means not everyone is going to like you. That’s why I have always backed what our govt has done to maintain power. They would do the same to us…
Who knows what they are planning, but make no doubt about it, they see us at the weakest point in a long time. They themselves strong for the first time in a long time. China and Russia are going to make moves. It’s inevitable. They already are. The wolves are circling.
Only way to prevent this is if we can overthrow china’s and Russia’s leadership. They have tried to do the same to us.
Phoenix says:
January 3, 2021 at 12:51 pm
Issue for the Dems is what they did starting with primaries two cycles ago…Team Red isn’t better, just further ahead in releasing the levers of power given the Tea Party movement occurred first….AOC, BLM, etc are the Dem’s Tea Party….Repubs had lead time to morph…chairmanship limits, allowing Trump to get on the ticket (unlike Dems and Bernie x2).
2024 will be a faceoff between populists of both parties….anyone thinking this Electoral College move by a dozen Senators has anything to do with this past election or Trump is smoking dope….these Repubs want Trump out and gone…..the fight they are fighting is prospective, not rear view mirror….it’s about who is to take over his populist mantle….the Repub that is insider just enough (but not too much) mated to the populist base gets the nomination in a landslide.
You think these Senators like or respect Trump, let alone want him back? Fcuk no, lol. It’s politics…alliances matter until they are not any longer useful.
“You think these Senators like or respect Trump, let alone want him back? Fcuk no, lol. It’s politics…alliances matter until they are not any longer useful.”
Great comment.
This is America today!
https://twitter.com/Stayconsistent4/status/1345406571002662914?s=20
Trump demanded in an hour-long rambling call with Georgia’s Republican Secretary of State that he ‘find’ a way to overturn Joe Biden’s win
‘All I want to do is this – I just want to find 11,780 votes, which is one more than we have. Because we won the state,’ Trump said on the call
A recording of the phone conversation was obtained by The Washington Post
Georgia Secretary of State Brad Raffensperger told President Donald Trump on the Saturday call that Biden’s win in the Peach State is legitimate
Biden’s senior advisor said: ‘We now have irrefutable proof of a president threatening an official of his own party to rescind a state’s certified vote count’
I believe strongly that Trump will run and win in 2024.
He fell 22,500 votes short of winning, in aggregate, in three states (GA, AZ, and WI) – if he was able to sway 22,500 voters in those states, he would have won 2020. Very close and this was in spite of the fact that the American people were voting immediately after the Trump Admin’s bungling of handling Covid.
CT has used 60% of the vaccine doses it has received.
NJ has used 29% of the vaccine doses it has received.
6:19 riiiiiight his ass will be incarcerated.
Crushed,
The biggest obstacle Trump faces is lack of surprise. His mental health is already suspect. He wont be able to sneak up on anyone with his rhetoric like 2016. Every R running will be taking a page from the red hat crazy playbook ie harshing on brown people, blasting anyone that criticizes them and arrogantly discussing their big money and large hands. It is what low IQ racist Rs of America demand.
Have to get Trump out of the ring. Out to pasture. Handcuffs, private sector, who cares.
He’s served his purpose.
One of which was to show the GOP that there is a massive swath of America who never belonged to a country or swim club and may not be traditional Republicans or Conservatives but are energized and receptive.
Equally importantly, he’s shown for future GOPers that one need not be cowed with fear by the NYT or CBS ….the slapdown he gave these organizations was epic, and every GOP candidate understands that not only can they do it, if they do it makes them even more popular.
He cannon-balled into an ice cold pool party regulars would not even stick a toe. Get rid of him and we’ll have the pool scene in Caddyshack. Before the floater :)
The Republican Party is going full on populism…it will (and has) increased its reach as a result…the great irony is that it took one of the most narrow minded people ever to hold high public office to make the Republican tent bigger….
There is absolutely no irony that the biggest proponent of “populism” is a narrow minded buffoon. That is almost always the source of populist policies.
Lefty, you nailed it.
It’s coming your way soon too, SX…..by way of AOC or others….Dems have done a better job of keeping their genie in the bottle but it’s inevitable.
And, historical speaking, when populism spins out of control the progenitor is usually neither a buffoon nor horned and cloven hoofed. The populace wouldn’t follow either. He is presentable and strikes the chord of righting historical wrongs. And then you wake up one day and – poof – your country is gone.
That process is already in motion, and it did not begin in 2016.
Leftwing,
Except that a populist has a fork in the road. He produces results which mean bite the hands that feed him and really runs the party (Corporate America) or goes authoritarian police state because to create fear and force submission as he serves his true masters.
The problem for going authoritarian is ideological marketplace. Right now what keeps us going is the “rulebook” aka Constitution. Why it did not fold under the Great Depression/WW2/Cold War was because it was the best option around compared to all the others.
Now, if the “rulebook” get shredded, like Putin’s B!tch and Traitor Faso Eddie wanted, by the new 2024 Republican National Party, which become the all and end all of life in the USA. It has to compete for believers in the marketplace.
You ask what marketplace of ideology. Well there is Al Queada, ISIS, The Chinese Communist Party, Cuban Communist Party, Sendero Luminoso, The multiple Narcotic Cartels worldwide, Whatever Putin believes in, All the weirdo cults in the world aka Scientology, etc.
You see once you cross the threshold of the law of the jungle, of might makes right. Then the 2024 Republican National Party is a thug mob, among thug mobs.
You got to show your “Red Party ID Passport” to get special treatment and be above the law. So Mogadishu and Beirut here we come.
I heard all the traffic accidents on the traffic reports today. Wtf, did Murphy forget to brine again?
https://www.instagram.com/p/CJhWF0xgixv/?igshid=bq3fofd1m9ze
The guy looks like he knows how to shoot.
“Now, if the “rulebook” get shredded, like Putin’s B!tch and Traitor Faso Eddie wanted, by the new 2024 Republican National Party…You see once you cross the threshold of the law of the jungle, of might makes right. Then the 2024 Republican National Party is a thug mob, among thug mobs…”
Don’t disagree with any of your post but recalibrate the start date…as in my cresting wave that is going to fold over us, it doesn’t just appear…it starts as a (barely) noticeable swell far out…arguably this can be traced back to the sixties, if not, it’s at least three decades old…logical conclusion of a long train of events….
And, don’t forget, once it is out of the bottle you don’t control it. Red Team? Blue Team? Who knows…..
Trump doesn’t need to run again, he will parlay his presidency into profit machine.
He might actually get rich now.
He would be much happier owning his own partisan news outlet.
Pelosi re-elected , the decline continues!!
That guy def knew how to shoot. Hit two of them. Like an assassin from the Mexican cartel.
He hit two across the street, coming off a bike?
Definitely a pro.
So there are shootings every day now in Passaic?
I thought their preferred weapon of choice was machetes? Oh wait, that’s Wayne.
i am long major crypto’s. BTC/ETH/LTC/DOT. The so’called intrinsic value is the consensus and generational divide. Also so much money thrown at, even institutions are in it now. nothing like 2017. What is the intrinsic value of TSLA btw, or anything ARK holds?
It will settle down in the future, perhaps will face extra cap-gains tax rates. But for now 1 BTC=1kg Gold is what I’d predict by the end of the year. ETH can leap that later.
Regarding Trump’s illegal request. This country is officially a certified third world kind. 11 senators , 100+ congresspeople, millions of eddies provide the proof of that.
Damn,
I step away from the page for a bit and suddenly it looks like Chris Hedges came to visit.
Thug mobs, shooting in Passaic, end of parties, putting money in cryptocurrency.
Damn. I had a crazy nightmare woke me up at 5am. Not my normal time. Now this?
Gonna have to put some reruns of Gilligans Island and try to go back to sleep. No, that won’t work, Maryann is dead. Covid. Another nightmare.
Republicans really need to lose both seats tomorrow and take 4 years of smack down. Biden going to reverse every Trump executive order in his first week.
Hopefully this is the end of celebrity politicians.
Thug mobs, shooting in Passaic, end of parties, putting money in cryptocurrency.
Would be more impressed if the shooter was on a racing skull on the mighty Passaic River.
Silver Alert on Rt 80.
Slow Joe spotted driving westbound in the eastbound lanes. Kamala and company in pursuit.
Use caution.
Iranians ramping up uranium production. Well, Trump cancelled the deal. Oh well.
If they were clever, they would just rename it Iranium.
Been doing drive by valuations for banks to keep busy and socially distant. Recently a bunch of work in Irvington. Irvington is flip central for 2 families. Lots of cheaply renovated 2 families in tough neighborhoods selling in the mid 300’s. If this doesn’t tell you the current real estate market in North Jersey is inflated and unsustainable, nothing will.
I am originally licensed in 1981. Going to have to update the handle.
Irvington is interesting.
Which side of the parkway? West side – I’d argue the border of SO/Maplewood – would see improvement/gentrification far earlier than the East/Newark side would. East would surprise me, West not so much.
Most of what I worked on was east of GSP.
30 year: My Sister is in Bronx, her house is valued by Zillow at just under a million, the house across the street from her is listed at 1,250,000!! It’s madness!
My two cents. This generation of investor has never experienced a real bust (last one in 1999). This is an emotional driven bubble based on an addiction to the rush of quick money.
Most people invested in crypto do not even know what it is, nor do they care. They only care that they can sell for more. Fiat money being used to buy Bitcoin, then sell the Bitcoin for more fiat. It makes absolutely no sense.
At the end of the day, modern economies can run on fixed currency, they need fiat. Otherwise, suffer massive busts that could lead to major revolutions that send us back centuries.
njtownhomer says:
January 4, 2021 at 12:37 am
i am long major crypto’s. BTC/ETH/LTC/DOT. The so’called intrinsic value is the consensus and generational divide. Also so much money thrown at, even institutions are in it now. nothing like 2017. What is the intrinsic value of TSLA btw, or anything ARK holds?
3B – Nothing to see, don’t look behind the curtain. Sit back and enjoy the show.
Fed is buying 120 Billion a month in MBS and UST, and has signaled pedal to the metal for the foreseeable future.
There are now just over 2.8 million homeowners in active forbearance or 5.3 percent of the 53 million active mortgages. These loans represent aggregate unpaid principal of $565 billion. That forbearance will be expiring….
“Would be more impressed if the shooter was on a racing skull on the mighty Passaic River.”
Too James Bond.
Juice: It can’t go on. At some points rates have to go up, 27 trillion in debt I believe and counting! How long can rates remain low? The Fed is out of control. Torches and pitchforks!!
3b – History does not kindly reflect governments and banks that have tried to print and manipulate money into prosperity. Increasing the money supply has shown time and time again it will not increase the standard of living, only increased goods and services do that. Look to Japan as the best example, they have been doing QE now for 34 years!!
The question has always been how long? My joke is we won’t be alive to find out.
Fed’s only job is to keep the borrowing going and asset prices UP, namely housing up. That is the only game in town, they now have what they think perfected a way to keep the asset prices of housing up. Namely buying up the MBS and taking the cash from those payments and buying UST to fund the government. They could cycle it back into MBS but they don’t it goes into UST. The FED has also stated that securities “sales” are not anticipated to be part of the balance sheet normalization program, especially since there is no real buyer for those trillions in securities without a massive haircut. It’s a balance sheet shell game that only they can pull off because well there are no consequences they can and do carry unrealized losses indefinitely.
Dallas county announced 3,800 new covid cases yesterday and Tarrant had 4,400 over the previous 2 days. Kick in Collins and Denton and we are over 7,000 a day already and haven’t gotten the full impact from New Years parties and all the traveling. I think we will hit 10,000 a day in my area in a few weeks. ICUs are already at 98% capacity.
I’m relatively convinced that the façade of a healthy economy is running almost entirely on credit. It’s like the roaring 20’s only this time it’s not levered stock market credit that will spell the great undoing. This time it will be refinanced mortgage debt. I’ve been sort of hinting at it with my recent discussion of amortization tables and how little of the actual loan (principal) is being paid back. Every time you refinance (and most likely wrap your out-of-control credit card or maxed HELOC debt into it), you reset the loan to where you again pay almost all interest for the first 5 years of a 30 or 15 year term mortgage. So though you’ve been making your mortgage payments regularly for 15 years on a home that’s been refinanced five times. You still haven’t even paid off the first 10% of the loan.
So take the example of the person who put 5% down on the 500K home. After 15 years, he has sunk a total of $75K into his home which he now thinks (and Zillow conforms) is worth 700K. So today, he thinks he’s made 200K in property value increase on top of the $75K in down payment and principal paid. But when real estate values collapse due to all of this leverage, your house is really only worth 500K of which you still only paid 75K off of.
Of course, Blumpy will say, “housing is never going to lose value like that again.”
To which I’ll provide the example of my multi in a great location in Montclair. Paid 525 in 2004 (no realtor fee) and sunk 125K into it. Now it’s worth about $650 tops in 2021 (not to mention how much it will cost me to sell it). What’s it going to be worth when real estate collapses again?
This is some serious leverage that everyone is holding. And every time we get in trouble, we just keep folding our debts into a refinance.
I’m an active member in the main Facebook group NY/NJ Landlords. I would bet that 1 in 5 members is dealing with what amounts to a squatter living in their property. Due to the eviction moratorium, this will continue until herd immunity is obtained. Murphy even said it will extend three months past the end of the pandemic. These landlords are fukced for life. They will never recoup their losses. The days of the mom & pop landlord are over. All of my peers who owned an investment property have bailed. Nearly every multi on my block in Montclair is currently for sale (and not selling). This is going to end very ugly, because the only two assets worth owning are going to collapse simultaneously.
I hope I am wrong. I usually am not. Been investing for way too long.
On the bright side, I have so much saved that the compounding in my retirement accounts is simply exploding my earnings. It took so long to save the first million. The second million was quick. The third will be overnight. Soon it won’t matter if I work or not, as my income from labor is becoming inconsequential. Two more years and I retire like a king at 52.
Now I just need to time my exit from the housing and stock market decently. Will make plenty of coin just moving to Vegas/Costa Rica and will dramatically reduce my tax bill. I’m always early to the party. Better safe than greedy I suppose.
“Hopefully this is the end of celebrity politicians.”
Exactly, people are overestimating his impact. Trump is unique in that he was a cultural icon for 30 years before throwing hat in the ring. He had already entertained the low IQ millions on TV and his charlatan brand was seen to morons as symbol of success. They simply could not decipher the circus barker lies about his greatness vs actual legislative abilities. He used ‘media victimhood’ as cover for his own weaknesses which are lack of planning and intellectual laziness. He fits right in with those 80m voters looking to blame someone for their lives. Not sure he will see another like him but Ivanka and Don Jr on the biggest dangers in R party as they got the brand.
Juice: It’s madness, it’s no way to run an economy, and the Fed will lose control of it. We have been at it for over a decade at this point and it’s increased dramatically over the last year of course. It’s frightening, and the young people are going to be crushed. I told my Sister to get out, she wants to wait one more year until she retires, NYC public school teacher. I told her not to wait. I would get it on the market now and rent short term if need be. I told her when the collapse comes, areas like the Bronx will be hit much harder. The area is rapidly changing and realtors are doing their flipping thing , houses being chopped up into multiple dwellings, just like in our old neighborhood we grew up in. She had a great run, but time to go!
So it looks like the senate is going to flip. Lobbyists everywhere, raise a cup!
Also, gold did 23.7% last year versus the S&P500 at 18.4 and total US stock market at 21%.
Keep on printing.
Pump, appreciate the two cents. yes the lack of the bust, but the FED and gov are shitting in their pants to avoid any of that. Even at the cost of the decades to come.
Libturd, understand the sentiment and feel it immensely. So far I was lucky to have no gap in my rental receipts but it could happen anytime. Plus so much development in my area the rental prices are suppressed for life.
Silver is on the rise again, Platinum too even at a higher pace. It is a full orchestra of musical dance for all cylinders.
3B – One more year? It could take that long to find a buyer, telling her to put it up for sale now is good advise, spring selling season will be here. She can always refuse the lowball offers of only 1 Million to live off I-95 and the Bruckner in Phelman Bay!!! Besides you can rent her a room, the commute over the GWB for a year ain’t that bad these days..
Silver spiked small in 98, huge before the fiscal crisis 2005-2011 and appears to be signaling again. I like to use silver, rather than gold, as an indicator, since it has less outside influences, though it is used in industry more than gold.
https://photos.app.goo.gl/6RNk2XC9mfcvkeFg7
re: “senate is going to flip” and Lobbyists…Mindboggling……
Almost $500 million has been spent on ads for these two Senate runoff races in just about two months.
Juice: She is a good few blocks up from the Bruckner, area is quiet so no traffic noise issues. The area was a big Italian enclave along with Country Club. She can rent in Westchester which is where she plans to go. NJ for her is like another country. The traffic alone would kill her!
3b – Bronx boy’s dream home, gated with a pool for only 1.2 Million.
https://www.zillow.com/homedetails/1648-Library-Ave-Bronx-NY-10465/29844370_zpid/
“More than 225 Google engineers and employees form first major tech union”
Now they can hold hands with the police and teachers.
Kayleigh McEnany. “What tape? Is there a tape, oh that’s not real.”
Reporter “But we have proof. It came directly from the White House.”
Kayleigh. “I choose not to believe it. What is a White House? No such thing exists.”
Library Avenue is in Country Club, used to be a big mob hangout back in the day. My wife went to school with girls whose Fathers were doing time for mob activities back in the day. As for the house it’s ugly, but hurry, hurry!! And J Lo s parents live there, originally from Castle Hill where J Lo grew up. Her Mom was a teacher in the local Catholic school.
And New Years Eve. Twirking wearing only dental floss.
Now that’s evolution working for you here in America.
HNY all.
I have been surfing the business for sale websites. I’m looking for something I have run fairly hands off.
I came across this gem. “Due to extraordinary circumstances including the owners relocation to Belize Mexico the owner is seeking a quick sale.”
Smart move on their part, it’s the only way to protect themselves from the coming train. They don’t want to end up like IT field..
Amazon workers are doing the same.
Phoenix says:
January 4, 2021 at 11:03 am
“More than 225 Google engineers and employees form first major tech union”
Now they can hold hands with the police and teachers.
Lib,
Absolutely, right. Leverage by the fed is the name of the game. They are desperate for inflation to make it more manageable in the future. Just keep refinancing till you can’t…hope I’m not alive for that.
Thing is, a bust can lead to total chaos. Where drug cartels and gangs quickly take over rule of our society. It’s scary. So I’m with the fed, they have to keep doing what they are doing to keep the system going. Chaos is not an option, it can send us back into the dark ages. Lose all progress we have made.
I pray for the future.
That’s hardly a union more like a Facebook group. They are powerless and have no collective bargaining rights.
They would get clobbered if they tried to form a real union. There are 260,000 people working at Google.
Maybe if silver spikes and bitcoin crashes heavy, I’ll convert some.
https://www.wsj.com/articles/the-n-j-teachers-who-get-paid-not-to-teach-11609710168
The N.J. Teachers Who Get Paid Not to Teach
They’re on taxpayer-funded salaries while working for the union.
Trump tapes are damning.
An hour long display of complete desperation.
Get rid of it. What I don’t like about this article, it acts like a hit piece on the entire teacher profession. Jersey City is a messed up place, but they paint that broad stroke to apply it to every district. Yea, two teachers in Jersey City out of how many? Get rid of it, but let’s not act like it’s saving a ton of money.
Why don’t they target farmers getting 40% of their income from the taxpayer. How about Tesla getting its product subsidized by the taxpayer to bring to market?
But nope, we get a hit piece based on two teachers. It a hit piece on the Union, but actually hurts teachers by losing the respect of the public when they read this.
D-FENS says:
January 4, 2021 at 11:57 am
https://www.wsj.com/articles/the-n-j-teachers-who-get-paid-not-to-teach-11609710168
The N.J. Teachers Who Get Paid Not to Teach
They’re on taxpayer-funded salaries while working for the union
Fab, those sellers are going to be surprised when they find out Belize isn’t in Mexico.
I have a distant relative who has been building “eco” houses in the middle of nowhere in Belize, promoting an “off the grid” lifestyle. Not for me.
More Covid-19 vaccine chaos news.
News today is Gov Cuomo of NY and Gov Newsom of CA want to take vaccine provider licenses away and fine them a million dollars if they allow anyone to cut the line.
The Pfizer vaccine once defrosted has a shelf life of 5 days in a regular freezer and then must be tossed, so should we just let it expire and toss it? That is what is going to happen.
Here is a prime example from today in Israel of how much better they are handling this rollout of the vaccine.
End of the day in a vaccine center. A few doses left and will expire. Nurses go out, spot a pizza delivery guy, call him “pizza guy wanna vaccine?”, jab, and another person has been vaccinated. Nothing left to waste.
Looks like all markets peaked…who knows, but could be the start of a downtrend.
I’m not at all surprised that Trump refuses to believe he lost. He’s what Ayn Rand labeled a “primacy of consciousness” over primacy of reality person. He thinks his wishes and desires are real, and the world and people must conform to them. Which is why he surrounds himself with third rate yes men, and fires them as soon as they refer to actual reality that conflicts with his desires. I think he wants Republicans to lose the Senate because he’s jealous of anyone winning where he didn’t.
I cannot wait for Trump and Trumpists to be politically dead, and for some intellectual principles to show up in the Republican party.
Juice,
That’s crazy. Typical of their views of the world. Using regulation to focus on distributional “justice” rather than growing supply. Zero sum thinkers. Now vaccinators will be even more bureaucratic, scared to break a rule and get massively fined.
If these governments were in charge of distributing food using this approach, half of us would starve.
It’s market reaction to the senate flipping and tomorrow’s turmoil seeking sore loser march. There can often be over reaction when the market has been closed for 4 days and lots of things reset with the start of the year. Such as tax implications. I wouldn’t panic yet. Market was at highs after nice monthlong melt up. I wouldn’t be surprised if this dip is bought up by sellers of long-term taxable losses looking for a place to put their idle cash.
I’d still rather be in California during this fiasco.
REAL ESTATE
Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts
https://www.cnbc.com/2021/01/04/covid-real-estate-home-prices-rise-faster-in-middle-of-us.html
-Smaller metropolitan markets like Indianapolis, Kansas City, Boise, Austin, Cleveland, Cincinnati, Memphis and Pittsburgh are seeing some of the strongest price gains in the nation.
-Prices in those cities are now at least 10% higher compared with a year ago.
-Nationally, home prices rose a remarkable 8.4% in October from a year earlier on the S&P Case Shiller Index. That’s up from a 7% gain in September and is the largest one-month move in over a decade.
Their house prices are also a lot cheaper. This was expected.
What’s up with Jack Ma just disappearing? Did the Chinese whack the guy?
Love to check out the Midwestern homes.
But if you are looking to retire the Midwest carries some
Hefty property taxes on decent places in “ok” towns and downright onerous taxes in
larger places. Houses are muuuuuuch cheaper though.
Ma stepped over the line. His giant man-baby head is somewhere.
His body…somewhere else.
Essex – California has it’s own charm that is for sure. Why again are the COVID-19 cases so high in LA.? Too many rednecks in LA refusing to wear masks or some other kind of leftist crazy? Why for example this protest at the Westfield Century City mall in LA?
https://www.newsweek.com/la-mask-protest-mall-covid-deatths-1558695
Jack got too big for his britches, just cross any commie and you will find out. Give an expiring does of vaccine to a 80 year old in NY or CA and you will get the Jack Ma treatment too.
1:32 LA is a complete mess pre-Covid
I told you last week, someone painted the tape. The rest of it is just front running tomorrow…… and to be clear, tomorrow’s outcome doesn’t really matter. The market wants to sell off anyway. We probably have a 5-10% correction in the cards, but so what? It is impossible to know any of the zig-zags, and to try and guess them is pure stupidity. Unless something dramatic happens, we should be higher than here within 60 days. Biden might say something stupid and/or die….. that would be dramatic.
BTW – see how today was a 50% retrac of the pre-paint level and not the open/close? We are at 3695 as I write……. so creepy, but children and computers are in charge.
Austin is Austin….. Cincy in an anomaly….. the rest of it is the AFC flexing its muscles. I’m a Jet fan so I’m always with the AFC.
D-FENS says:
January 4, 2021 at 1:01 pm
REAL ESTATE
Home prices are rising faster in the middle of the U.S. as Covid drives people away from coasts
https://www.cnbc.com/2021/01/04/covid-real-estate-home-prices-rise-faster-in-middle-of-us.html
-Smaller metropolitan markets like Indianapolis, Kansas City, Boise, Austin, Cleveland, Cincinnati, Memphis and Pittsburgh are seeing some of the strongest price gains in the nation.
-Prices in those cities are now at least 10% higher compared with a year ago.
-Nationally, home prices rose a remarkable 8.4% in October from a year earlier on the S&P Case Shiller Index. That’s up from a 7% gain in September and is the largest one-month move in over a decade.
Lots of young people in Los Angeles. Young people don’t wear masks because they have little to fear. Also, pretty densely populated for miles and miles and miles.
I toured a townhouse development in the most expensive ZIP in Austin early 2020, asking price was 800K, now it is listed 1040K. IT is not just cheap, it is generally uniform in greater area 10-15% annual increase everywhere. Same with FL.
Just look at the stock ticker JOE which got famous after Kuppy mentioned last year. This is a real estate stock. Not a hi-tech.
I really don’t like the sound of that……
Libturd says:
January 4, 2021 at 9:50 am
Two more years and I retire like a king at 52.
2:10 staggering amount of homeless, lord of poverty, it’s third world.
Lord = loads of homeless
Damn you Apple
ChiFi,
Don’t worry. It’s all good. I’ve done the math. I’m sure I’ll be working anyhow. Just not in my current employ. Thinking about a simple BBQ truck. I make some mean ribs.
“The thing about hot housing markets,” Thornberg said, “is it just encourages speculation.”
I prefer Apple’s version. Has a feudal ring to it.
“ExEssex says:
January 4, 2021 at 2:28 pm
2:10 staggering amount of homeless, lord of poverty, it’s third world.
ExEssex says:
January 4, 2021 at 2:29 pm
Lord = loads of homeless
Damn you Apple”
Forgot to mention….nice call on the paint job, chi.
Libturb: Libs BBQ!!
I’m pretty jammed up so I haven’t even read the blog today but….dumbass question…..
Why are governments moving to split doses to inoculate more people, especially when there is a backlog of doses?
UK I believe already ratified it…germany and another EU country has it under consideration….spoken about here….med community dislikes the idea….
No tinfoil hat, just trying to read the tell….
Are governments showing they are concerned about this new strain? Or are the Euro countries just legitimately short of supply (eg, did most of Pfizer/Moderna come here)?
Just seems funny that in this time of excess inventory and aspirational jab numbers for current stock I keep hearing conversations on splitting doses and delaying the second jab to have more initial doses available….
It’s to have more doses available which COULD be a longer term problem. But realistically, it’s more of a made up story, meant to deflect from the REAL story of how inept our current government is at something as simple as inoculating the population. Or that half of the population (you know which ones) has become so politicized that they won’t even take the vaccine. Can’t wait for the march tomorrow where somehow these same morons will attempt to equivocate a large rally with election fraud.
Lib
If you are thinking Food truck, I’m toying with the idea of importing a few of these.
https://www.alibaba.com/product-detail/fast-food-trailer-for-small-business_1600072331670.html
I would set them up as Bagel and Coffee carts or SnoCones.
There is always money in the Banana stand .
The did trials of the Moderna vaccine with multiple dosages, 25 mcg, 50 mcg, 100 mcg, and 250 mcg, and standardized it on 100 mcg.
Results from 50 mcg for 18-55 year old study was the same, so theoretically same coverage..
Ex,
I have the service truck picked out as well.
https://www.machinio.com/cat/passenger-stairs#quickview/43641994
Hospitals in Tarrant County at 97% occupancy. Over 9,500 have tested positive in the last 4 days. That’s about 1 out of every 200 residents have tested positive in just 4 days. I bet at least 5 times that are carrying it. Over 15,000 in the last week which is about 1 out of 120 residents. Will be doing amazon fresh for the next few weeks while this surge comes through.
https://www.nbcdfw.com/news/coronavirus/tarrant-county-hospitals-hit-97-occupancy-add-2199-covid-19-cases-17-deaths-monday/2518978/
Someone asked the other day Covid vs 9/11
I keep a big skyline shot of circa 2000 NYC skyline.
It’s ingrained deeply and was so personal to many of us that
I doubt another world event will touch that one for shock value.
9/11/ changed life dramatically. Watching the building go down in person (in nj) is something I will never forget.
And how beautiful that day started out…the irony. Was prob the most beautiful day of that year, weather wise.
How the other .oo1% lives:
https://amp.desertsun.com/amp/https://amp.desertsun.com/amp/4121909001
The trio of properties are located near one another in the Historic Tennis Club neighborhood, but it is not yet clear if Burkle plans on extending his hospitality holdings to the desert; Soho House already has plans to expand to the Caribbean, Tel Aviv, Rome, Paris and Austin in early 2021.
Burkle has also been affiliated with other hospitality brands, including the NoMad and the Freehand Hotel in downtown Los Angeles — both were restored historic properties.
He also owns the famed Bob Hope house at the top of Southridge Drive in south Palm Springs.
Bob Hope house is one of my favorites.
North/South Dakota have now vaccinated people at a rate 3 times greater than we have in NJ.
Jack Ma
https://www.youtube.com/watch?v=NdsFrb5YAnI
Lib,
It’s like the roaring 20’s only this time it’s not levered stock market credit that will spell the great undoing. This time it will be refinanced mortgage debt. I’ve been sort of hinting at it with my recent discussion of amortization tables and how little of the actual loan (principal) is being paid back.
Happy New Year to you all!
w.r.t. refinancing, is this a right time to refinance a 3.5% loan from 30y to 15y? It is at about 50% LTV, so maybe even cash a bit out to keep for emergencies or investment? Any good refinancing recommendations?
Lib,
Maybe because my rental is 4 units, but I have these people who claim to work with an investor willing to give a cash offer. I just refuse to entertain them. So don’t even know their offer. Last text, which was ignored, was “name your price.” No idea how they got my number, but must work out of some big outfit based on the smell of it. They target properties, find out who owns it, and then send in sales team to see if any interest in selling to close a deal.
Like I said, I don’t know much information because I ignore them. Just assumptions.
Is this good or bad?
39 ShopRite stores in N.J. to offer coronavirus vaccinations.
https://www.nj.com/coronavirus/2021/01/39-shoprite-stores-in-nj-to-offer-coronavirus-vaccinations-heres-the-list.html
Joyce – no different than CVS, pharmacists are trained and do vaccinations all the time.
Not being born and bred here many of the ShopRite locations are foreign to me but from the ones I know seems like they got the ass end of NJ?
Guess the tradeoff for letting them pump out the virus was doing so in social justice areas….
It’s just a needle. We should be having the national guard medics do it at this point.
Like I said, Passaic County Vax site felt they needed 7 sheriffs officer patrol vehicles and a stand-by ambulance for 219 doses (which was a whole week worth of appts). Average nurse practitioner at a pediatric practice probably does that in a week, all by herself.
Dallas and Tarrant counties planning for mass vaccines . Claim with a little over a week notice they could each have additional multiple sites (3-5) that can each handle 1,500 to 2,000 vaccines a day.
https://www.nbcdfw.com/news/coronavirus/tarrant-dallas-county-plan-for-large-scale-and-mobile-vaccination-sites-as-vaccine-becomes-more-available/2519260/
Arlingtons fire department is planning on vaccinating 4,500 people this week.
grim,
Would you rather the site get overrun with people looking the vaccine? I have seen three cars outside Lodi MVC keeping order. And don’t forget those officers still babysitting the ballots as Donnie still hasn’t conceded.
I suspect the next thing we see will be the AHoles who will be screaming, “I don’t need a mask as I got the vaccine!”
If you want to criticize anything I would say it would be the mega sites. Three in South Jersey, yet we get the one site in the meadowlands that will cover Newark, Patterson, Jersey City and everything surrounding.
CVS can set up the Drive through lanes for administration, but have you seen the queues for their drive up testing? How much foot traffic will ShopRite pharmacies introduce in store?
Again this should be a Federal Response. It should be the NG rolling this out under Title 10.
Next round of passaic county vax has filled up, took about 72 hours for 500-ish appointments, this is vs. 24hr for the first round of 500.
Looks like Donnie is planning to skip town before the hammer drops.
https://www.sundaypost.com/fp/donald-trump-could-be-planning-turnberry-trip-as-scots-airport-told-to-expect-a-high-flyer-the-day-before-joe-bidens-inauguration/
I still think this will be a layover on the way to Dubai.
Saudis would probably be more welcoming, until they find him dead with neurotoxin in his underpants ala Putin.
Would you rather the site get overrun with people looking the vaccine? I have seen three cars outside Lodi MVC keeping order.
From what I’ve heard about Essex county site, and Passaic, that’s not even a remote problem. Nobody is showing up there looking for anything. It’s appointment only and if you don’t have an appointment, you would have no idea where to even go. Passaic County site is fairly hidden in an industrial complex, you would have ZERO idea.
Really though, it’s all about the overtime.
Fab, where is his 757 now? Inside or outside of the US …
Fabius Maximus says:
January 5, 2021 at 7:58 am
If you happen to have a Rolls-Royce RB211 turbine for sale, someone may want to buy it.
https://simpleflying.com/trump-boeing-757-engine-search/
It’s always about the money…and cops are the strongest gang in town.
grim says:
January 5, 2021 at 8:36 am
Really though, it’s all about the overtime
On Sunday, ran into the East/West market in Bellville to get a couple things I needed for a Thai Red Curry for dinner. Though it’s small, dumpy and mainly selling Filipino products. It’s always empty and very Covid careful. Typically, there are maybe three people inside the entire place. On my way back home, I spot this Essex County plow (most likely getting double time for Sunday) plowing air. There was not enough snow to cover the roads here.
https://drive.google.com/file/d/1y91AYXpbvbueeHPrg1OBoiUqzJz7Cq4c/view?usp=sharing
This is NJ. The state that exists for the public worker.
Nomad,
It was sitting at Stewart last time I flew through there. I thought it was funny that Donnie treated it as a company asset, but when he “handed” the company over to the kids to run, they still had to fly commercial.
State vaccine pre-reg is up this morning.
That’s the place with the jolibee next door, right?
Israel with a population about the same as new Jersey vaccinated 146,000 people just yesterday in one day. 30% more than NJ has done in total. They are well on their way now to 20% vaccinated starting with their Most Vulnerable populations. This is also only the Pfizer vaccine which requires special super cold freezers and handling or it will spoil. They also have had low losses do to spoilage approx 1 in 1000 doses, once the vial is defrosted it must be used within 5 days.
I love to know how many doses New Jersey has let spoil, wasted because of politics and bureaucracy.
Link is already broken
We could fast track the vaccine if we could get a bunch of cardboard cutouts of Murphy posing alongside anyone getting it for the photo op.
Five media outlets cited, all with a conservative view. So, we’re led to believe that, once again, the enemy is anyone or anything that counters the liberal melodies… to believe that not one dollar was pilfered by the righteous, pure, devoted, blameless, g0dlike left.
https://www.yahoo.com/news/exclusive-pandemic-relief-aid-went-to-media-that-promoted-covid-misinformation-100022099.html
Nothing to see here…
Somewhere between 192,000 and 419,000 renter households in New Jersey are at risk of eviction, according to the most recent estimate in a National Council of State Housing Agencies study by the consulting firm Stout.
https://www.nj.com/hudson/2021/01/fear-of-mass-evictions-builds-in-hudson-county-as-months-worth-of-unpaid-rent-continues-to-add-up.html
Grim,
How many of those renters are taking advantage of the eviction law. Talk about a huge transfer of wealth from landlords to renters. Social!sm rules when you are not paying for it.
re: mass evictions
History Rhymes, they will call it a Moral Hazard.
Congress will rush to create a 700 Billion bailout fund (which won’t be big enough, and won’t actually help any homeowner or renter). The banks will then report that the large landlords are going to default ANYWAY on their debt so the Fed will vacuum up all of that debt in what is called a short term solution. ONCE the DEBT is purchased there will be NO REVERSE REPO, or “sale” at a discount to anyone ever.
Again like last time the TBTF will be fine, everyone else, the small landlords and the actual renters will have to make due with their loss. It’s their fault for not planning ahead and owning the best politicians money can buy.
Pumps – “transfer of wealth from landlords to renters”
Get with the program and read my lost post and understand it. They “wealth transfer” only goes one way.
The system is operating correctly and exactly as intended.
Joint Session in Congress at 1 PM folks. Should be a nothing burger….
https://www.c-span.org/video/?507663-1/joint-session-congress-counting-electoral-college-ballots
Is that to distract from the Georgia loss? Or will the Republicans claim that election was stolen too?
Is this considered curb appeal?
https://www.trulia.com/p/nj/denville/109-ford-rd-denville-nj-07834–2157826268?mid=0#lil-mediaTab
Should be an interesting day in Washington DC.
Get your free bricks here!
https://twitter.com/RealTina40/status/1346464266849824789/photo/1
Fast: That is one ugly house!! But hurry, hurry!!
I feel like I showed that house once upon a time.
“Again [inoculations] should be a Federal Response. It should be the NG rolling this out under Title 10.”
So the answer to incompetence in government in some areas is to get an even larger government entity involved over the entire population?
Fed bureaucrats are no more competent than their local peers, they’ve just spent more useless years moving up the ladder of failure.
“This is NJ. The state that exists for the public worker.”
This.
And this is why we are a federalist system. The populations of the States that are doing this well will benefit. The populations of those States that wallow in incompetence for whatever reason – laziness, indifference, corruption – will not benefit.
Why do Coastal liberals persevere in trying to force their incompetencies on the rest of us?
Others are much more capable of running their governments. Keep your incompetencies, and your Emmy award winning governors and their second hand wannabes across the river, in your liberal bastions and stop trying to afflict the rest of us.
“I feel like I showed that house once upon a time.”
I think for sure you would remember it….
Rarely does a house contain such shock value, from the outside to something cringeworthy in every frame…
Who would do those alterations to the exterior, ever? Was it revenge for something done by the neighbor across the street?
If a house could commit suicide this one would have self immolated a decade ago.
According to the mailman, there are 800 trailers in North Jersey filled with a backlog of packages that need to be delivered from Christmas.
So the answer to incompetence in government in some areas is to get an even larger government entity involved over the entire population?
That’s been the trend for over 100 years.
re: “800 trailers in North Jersey filled with a backlog of packages”
Have UPS pick them up.
Anecdotal I received small First-Class Christmas package from USPS yesterday it was only two weeks late. Sat in Teterboro, then Trenton then my local post office. Probably handled by five or more different people.
The USPS need Robots to save it, they should outsource to Amazon.
I’m ready for this afternoon. Got my 6 pounds of popcorn kernels yesterday.
Perfect summary. Conspiracy nut jobs and we should not be funding the insane news like NewsMax, OAN
-Not one Republican politician, objecting to Biden’s win, is claiming fraud for their own wins on same day, using same ballots and same systems..
So I’m “on this list”. Filled out the form. Looking at their website, that should have taken someone 15 minutes to program. We had to wait weeks. This administration is incompetent.
11:16 and “why” is the postal service broken or did you miss that…
Just got a promo email from Ruth’s Chris. They are hyping up their keto diet options. Steak topped with shrimp slathered in butter.
BRT,
That website is already down. I tried filling out, got error on submission. Now refreshed and error on access to page.
https://covidvaccine.nj.gov/
womp womp
I don’t understand why there aren’t drive throughs for the excess stock.
I got 10 errors before I finally got through. It’s really simple why they aren’t being distributed. They don’t actually have a plan to actually distribute. They have been making it up as they go along and Murphy’s own health department called him out on this fact 5 months ago.
My kids school send out an email. They want us to go to a cattle call to drop off the old school iPad and get a new one tomorrow. Tomorrow is the first day of the new semester. We will not be going. Will do the makeup one in a few weeks. Let’s have people stand in a line indoors for hours during record COVID outbreak the day after a 2 week break. What could go wrong? I’m sure everyone stayed in their homes and socially distanced and did not travel, sing in church, or mingle with other households / off sarcasm. Meanwhile the government estimates about 3% of the population has an active COVID case in our area and is predicting it to get much worse.
My kid doesn’t even use the iPad. She thinks it’s an old junky one and just logs in through her computer instead.
re: ” website is already down”
It was reported down earlier today on nj.com
Yeah working as designed, they took it down themselves not enough Azure Virtual Machines to handle the load.
I got a Xmas card yesterday mailed from Monroe NJ on December 15th! No joke.
For sure the renters will get bailed out. The landlords (who many just got screwed out of the stimulus a second time for having their rental income count towards their eligibility, though losses from their rental did not), can suck balls.
So who is going to rent to these jackasses going forward?
I plan to require all future tenants to provide proof of payment from March 2020 to the end of the pandemic before I rent to them. No more need to run a credit check.
Essex: Re: “why” Let me Guess? Trump did not give them enough government cheese of course.
USPS has lost $69 billion over the past 11 fiscal years—including $3.9 billion in fiscal year 2018, that spans many administrations.
So it must be their model is inefficient, and the markets have decided not to use it enough to make it profitable to break even. The money for shipping instead goes to other private package carriers.
The USPS should stick to junk mail and let the big boys handle the packages.
There are county sites too. I have a site monitor checking every 15 minutes to alert me when there is change to the Essex County site. It will email me automatically. Will share with all when they get to 1B. I’m in 1C. Bless the financial services industry and their never ending ability to purchase government favor.
Lib – re: “who is going to rent to these jackasses going forward”
Progressive solutions are needed. The idea that the government would be the landlord whet out of fashion about 20 years ago, but just like bell bottom pants and skinny ties they eventually come back into fashion again eventually.
Let’s see how about this progressive solution? A little history lesson on NYCHA, they have like 2500 buildings throughout NYC, in 325 “projects” with about 400,000 residents..
https://www.nytimes.com/interactive/2018/06/25/nyregion/new-york-city-public-housing-history.html
Lib: – re” I have a site monitor checking every 15 minutes to alert me when there is change to the Essex County site”
Lol too funny every time you connect to their site with your site monitor Bill Gates gets a penny..It was his master plan all along, release the virus and make a killing in Azure usage fees.
Well of course.
I’m morbidly obese, Libturd will tell you. When do I get my vaccine?
12:17 my god are you stoopid.
Juice
The only reason USPS loses money is because a republican controlled congress passed legislation requiring the post office to prefund retirement and health plans for something like 50 years. It was their attempt to get around this pesky thing called the US Constitution and its postal clause.
As if you guys can even keep up sometimes. The USPS does not charge enough for mail that is where the money is lost to the tune of 4 Billion a year, on mail folks regular mail. Companies in the USA do not pay enough for their mail, never mind grandma who writes out a letter longhand and stuffs a $5 bill in it.
If you don’t believe me send a letter to Europe and then ask someone there to send it back have them write on the envelope their cost to mail it. I will save you the trouble. It costs twice as much or more for the European to send it back. Why? It travels the same way, same airfreight, same warehouses, and posts offices etc in both directions but costs twice as much?
Deblasio – Auditioning for his next role at the federal level, blasts Cuomo as arrogant over the threat to fine medical workers for not vaccinating fast enough and now calls for a travel ban from England. This guy in on a roll, he will leave behind NYC as huge mess and fit in well down in Washington DC.
Juice. Yet someone in China can ship me a 10 pound package using China Post for pennies.
Got vaccinated today. No rabies for me.
N.J. asks only health care workers use new vaccine registration portal due to huge volume
Another day down the drain. We can’t vaccinate people because we didn’t go through the red tape process we laid out. What a bunch of idiots. Meanwhile, all those states I kept hearing all my friends thumb their noses at for rising cases in October continues to inject people at 3 times the rate that we do.
Juice
And yet it is much cheaper to ship packages from Europe, UK, and Asia to the US than it is to ship to them.
yes you subsidize China’s shipping too check out ePacket..you subsidize shipping from China to Europe as well.
“11:16 and “why” is the postal service broken or did you miss that…”
Because it was a government entity that at the time was seeded for a real unmet need but as inevitably happens grew into nothing more than a massive patronage mill attached to a union, operating for the benefit of its employees and associated politicians and not for its customers which resulted, as easily predictable, in it becoming obsolete as its services were lapped and implemented much more efficiently by the private sector..
TLDR: Because government runs businesses so well. See Amtrak.
Little History on ePacket and the UPU shipping rates from China etc, it’s no slow boat that is for sure.
who do you think charters these flights and pays for them?
https://salespop.net/marketing/the-most-common-misconceptions-about-dropshipping-in-2020/
BRT – they should call the nerd running their Azure tenant and tell him to Mod the terraform script to deploy more Virtual Machines in Azure. It would take a few seconds to build and deploy but we could then register the entire planet for vaccinations on that web site if they wanted too.
“They are hyping up their keto diet options. Steak topped with shrimp slathered in butter.”
Nice Heart and Gout…errrr Surf and Turf…..
“I got a Xmas card yesterday mailed from Monroe NJ on December 15th! No joke.”
With our change in Holiday plans my parents mailed Priority overnight guaranteed my son’s present. Delivery date 12/21. Arrived 12/29. Appears it sat in Memphis, which made me lol and wonder if overflow was going through Fedex. Good news, they did refund my parents the $33 for guaranteed overnight.
“I plan to require all future tenants to provide proof of payment from March 2020 to the end of the pandemic before I rent to them. No more need to run a credit check.”
Absolutely brilliant idea. Seriously, one of the best I’ve seen on here. Hell, I would use that criterion in any credit situation, car loan, etc.
“Lol too funny every time you connect to their site with your site monitor Bill Gates gets a penny.”
Find a link on some webpage and set it up to go through that…BG gets his cut and you tap the State as well for some cents for being such douchebags.
Leftwing,
Are you drinking the AynRand Traitor Kool Aid like Fatso Traitor Eddie.?
Screw your Amtrak reference. I’m a train buff. Amtrak is severely underfunded and has secondary right of way on tracks it does not own, which is everything outside Wash-Boston & Harrisburg corridors, and those tracks and bridges go back over a 100 yrs when they were NY Central and Penn RR. It does not help that because those tracks are shared US RR regulations require those passenger trains to be heavier. Most people don’t realize that non-US fast trains are actually way lighter than US operated ones.
The reference you should have used is 2009 Banking Bail Out. As we all know Bankers are god’s chosen people and can do no wrong. Just ask Larry Summers.
In case you go traitor like Cuban Cruz and Fatso Eddie, remember Aeroflot flight 103 out of JFK is waiting for you, check in by 5:30pm and you can be in your motherland Russia along with Guiliani, Flynn and most of the GOP.
BTW. Is it not weird that one of the leader of the Proud Homo Boys is a Cuban from Florida, and Cuban Cruz is the TX Senator most willing to be a traitor?. I seem to be remember that Cuban intelligence is considered the 5th best in the world. Heavens to Betsy, do you think the Castros & Putin are up to something?
PS. I heard that Putin is adding a Guiliani toilet in the 3rd floor of the airport’s bathroom. Is known the losers hall of toilets.
Hold my beer,
This is what Forbes says; I have not verified if true or false in full or in part.
https://www.forbes.com/sites/ebauer/2020/04/14/post-office-pensions–some-key-myths-and-facts/?sh=5bc6577347f5
ALL companies are required to fund any pension promises they make to their employees. (The only exceptions are for top executives, who can lose their pensions if a company goes bankrupt, and for entities that aren’t actually “companies” – state and local governments and churches.) NONE of them are permitted to take a “pay as you go” approach but must contribute to a pension fund an amount equivalent to what a worker has accrued that year in benefit promises, regardless of how far into the future that worker will be retiring, and must make up for any shortfalls due to asset losses or other reasons. The USPS and private sector companies use the same general actuarial principles to do so, though there are differences in assumptions, particulars of the calculations, etc.
What is distinctive about the USPS is that, a a result of the 2006 Postal Accountability and Enhancement Act (PAEA), they are also required to pre-fund their retiree medical promises. However, what is also distinctive is that any private-sector company may simply cancel its retiree medical benefits at any time; the funding requirement for the USPS exists because only an act of Congress would enable them to cut these benefits.
However, even here, again, all companies which promise retiree medical benefits must account for them in their financial reporting even if they don’t prefund.
What’s with leftists calling everyone who questions the election a “traitor”? What exactly are they loyal to? Biden? Democrats? Left wing politics?
Market calling the race for Team Red starting at 2p?
Tards re: post office. Your answers show how truly ignorant the banking class is about anything outside of their wheelhouse. Read folks. It will make you appear way less stupid.
Also, the constitution says “The Congress shall have Power To establish Post Offices and post Roads”. It does not say it MUST do that. That said, there’s plenty of things that are required which are ignored or not required but we continually do them.
“LeftwingIS AynRndConstipated says:
January 5, 2021 at 2:29 pm”
Wow. All that from a TLDR that governments suck at running businesses? Which is basically an uncontested point among any professional or the population….
Check your meds dude.
“What’s with leftists calling everyone who questions the election a “traitor”? What exactly are they loyal to? Biden? Democrats? Left wing politics?”
The same reason our resident far left wingers are defending the Post Office and Amtrak like it’s their family honor.
Slavish devotion to dogma while intentionally ignoring facts. The mothers milk of the Left and Dems…..
“Are you drinking the AynRand Traitor Kool Aid like Fatso Traitor Eddie.?”
If ridding the world of leftist leeches and layabouts is the mark of a traitor, I’m in.
Eddie I’m so glad you’ve found a purpose in your imaginary world.
2:43 you lost the plot months ago booomer.
In related fantasy news –
Trump tells Pence he can overturn election result, as he heaps pressure on VP to defy constitution
Pence told to ‘reject’ the Electoral College’s votes for Biden, despite constitutionally not being able to do so
Losers
President Donald Trump failed again to invalidate his election loss in Georgia and allow the state’s Republican-led legislature to declare him the winner — his latest courtroom defeat in a quixotic effort to remain in office despite losing the Nov. 3 vote.
U.S. District Judge Mark H. Cohen in Atlanta on Tuesday ruled that Georgia’s certification of President-elect Joe Biden’s victory was carried out validly under state law, and that the court can’t tell Congress which Electoral College votes it can count, a person familiar with the matter said.
The ruling came in a Dec. 31 lawsuit filed by Trump that rehashed claims of voter fraud previously made by his campaign and allies in dozens of other cases that were universally rejected by courts. The latest suit came just days before Trump held a controversial call with Georgia Secretary of State Brad Raffensperger, a defendant in the case, asking him to “find” just enough votes to overturn Biden’s win.
Does the airplane fly to China too? You know for Biden and all the other politicians who have sold America out over the last 30 years? I mean if we are sending Trump to Russia the least we can do is send the other feckers to China.
Not a boomer…..
And re: plotlines if you haven’t noticed most people here of all political stripes believe DJT is an idiot. Not sure the point of you constantly setting up that argument then ‘proving’ it. So stipulated.
You and Fabs have gone full on the poster who shall not be named…..set up a straw man argument then pointlessly beat it to death all day long lol.
“Such was the service we had given you and were glad and willing to give. What did we ask in return? Nothing but freedom. We required that you leave us free to function—free to think and to work as we choose—free to take our own risks and to bear our own losses—free to earn our own profits and to make our own fortunes—free to gamble on your rationality, to submit our products to your judgment for the purpose of a voluntary trade, to rely on the objective value of our work and on your mind’s ability to see it—free to count on your intelligence and honesty, and to deal with nothing but your mind. Such was the price we asked, which you chose to reject as too high. You decided to call it unfair that we, who had dragged you out of your hovels and provided you with modern apartments, with radios, movies and cars, should own our palaces and yachts—you decided that you had a right to your wages, but we had no right to our profits, that you did not want us to deal with your mind, but to deal, instead, with your gun. Our answer to that, was: ‘May you be damned!’ Our answer came true. You are.
Pretty much describes the American s0c1alist democrat. They’re passing the point of anger. Little do the leftist toadies know that they’re “leaders” will never have their intentions focused on the souls who continue to vote for them. Here’s a crumb, gimme your vote!
they’re = there
= their…
Yes, thank your subsidized shipping.
Libturd says:
January 5, 2021 at 1:49 pm
Juice. Yet someone in China can ship me a 10 pound package using China Post for pennies.
No patronage mill at the Post Office. I worked there, the job is terrible. Those managers are under complete pressure and they pass it on to the employee. Union has almost no power when the post office is dying for money.
I thank the lord every single day I wake up that I made the smart move and got out of there before it was too late. Living hell.
leftwing says:
January 5, 2021 at 2:15 pm
“11:16 and “why” is the postal service broken or did you miss that…”
Because it was a government entity that at the time was seeded for a real unmet need but as inevitably happens grew into nothing more than a massive patronage mill attached to a union, operating for the benefit of its employees and associated politicians and not for its customers which resulted, as easily predictable, in it becoming obsolete as its services were lapped and implemented much more efficiently by the private sector..
left: sorry man.
LOL!
LeftwingIS AynRndConstipated says:
January 5, 2021 at 2:29 pm
Did you know Cliff Clavin, or do you just channel him sometimes?
You know that I have actually flown Aeroflot from Helsinki to Moscow in 1986. True classic Aeroflot. Scary as all hell. Served Heineken in cans with stewardesses built like linebackers.
LeftwingIS AynRndConstipated says:
January 5, 2021 at 2:29 pm
In case you go traitor like Cuban Cruz and Fatso Eddie, remember Aeroflot flight 103 out of JFK is waiting for you, check in by 5:30pm and you can be in your motherland Russia along with Guiliani, Flynn and most of the GOP.
Can the NJ govt please get the fvck out of the health care business. They claim to be working on two “mega” vaccine sites that will administer 1000 vaccines per WEEK. Yes, per week.
Throw a profit incentive into it for those with means and the vaccines will be administered as soon as available. God knows what kind of bureaucratic nightmare is slowing it down. They are probably busy creating privilege scores for everyone to decide who should go last
We are on pace to have everyone vaccinated by July of 2016.
2026
NJs numbers are where they are because of CVS and Walgreens operating under the Federal Partnership
Really? So when are they allowed to distribute Grim?
Just trying to find out when I can leave my home again.
They are contracted to provide vaccinations to long-term care facilities.
https://www.northjersey.com/story/news/coronavirus/2021/01/04/nj-covid-vaccine-state-used-25-percent-doses-received/4129872001/
Looks more like a complete lack of planning to me.
I know. I think Gator’s mom got hers. Still no excuse.
The excess vaccines are not sitting at CVS and Walgreens, those are just 120,000 doses. I don’t remember the number perhaps 1/3 or perhaps more have been administered to the nursing homes by the pharmacists.
The rest of the doses 300,000 or so have been allocated to hospitals and the county programs with the proper refrigeration etc.
Here are the numbers.
“Of the 400,000 doses designated for New Jersey, state officials have reserved 280,000 doses for hospitals and 120,000 for long-term care facilities, such as nursing homes. ” (This would be CVS and Walgreens pharmacists traveling to the nursing homes with the defrosted vaccine.)
“An additional 106,000 doses is expected to be delivered to New Jersey next week. It will be split evenly among hospitals and long-term care facilities.”
If you get locked up in the clink you have a better chance of getting it earlier than grandma and grandpa.
“The Murphy administration has quietly started vaccinating inmates and staff at New Jersey’s correctional facilities in its initial march toward an end to the COVID-19 pandemic.
The first “limited” shots were administered Tuesday at South Woods State Prison, in Bridgeton, the state’s largest corrections facility and one with the largest population of inmates with underlying conditions, according to the governor’s office and a union representative.”
https://www.northjersey.com/story/news/coronavirus/2020/12/31/nj-covid-vaccine-who-gets-next/4099287001/
Philosophical question – is it a coincidence that most fat fk’s are lazy and always crying about how life is unfair?
I think not. Now apply this to the country. Bunch of little b!these who couldn’t work hard if their life depended on it ….literally. They do nothing to improve their lot except blame.
On my lunch break, I do a workout. They stuff their face.
I wake up every day and do my job even though sometimes I don’t want to. They quit. There’s a reason I lasted for 16 years teaching some of the most challenging kids in America. I put in work and don’t give up.
See the difference.
I don’t need proof.
I see the empty trains running every day. Hundreds of millions being flushed down the toilet. Yet we don’t have 41 million for cop cams. That probably costs less than a week of empty trains.
Just go get a vaccine, say you are a lab tech, nobody is going to ask where you work.
The whole BLM thing was completely ignored. Then next riot is going to be a REAL one.
Grim, you might be right. And I was wrong about the financial services. It’s only retail facing and those on Wall Street who will claim to be.
Pumpkin. Shut the h3ll up. Just got some good surveillance video of you from the deep state.
https://youtu.be/KfYolxKB_5k
Good thing for you at least you are not a traitor yet. You know you got no other country to go to, and they definitely don’t want you from where you came from and you are criminal dad is now at.
Well Dallas and Tarrant counties are ready to each do 2,000 vaccines a day next week to the 1b tier if the state will provide that many. Will only take 3 years to vaccinate everyone at that pace.
https://www.wfaa.com/article/news/health/coronavirus/vaccine/tarrant-dallas-counties-mass-vaccination-sites-north-texas/287-e91fd5ab-98b1-4c5e-a7ed-753a434e3f80
Maybe the vaccines will be like masks and hand sanitizer. Hard to get last spring but all of a sudden they were everywhere.
I’m serious. I’m a teacher. I know in every class I’m going to have an overachiever, followed by avg, and then the ones that sit there and do nothing.
Think the classroom isn’t representative of society.
In 2021, we are not allowed to acknowledge that some people have no work ethic. We must blame and blame away the truth.
Your job isn’t to measure work ethic I 2o21.
Your job is to measure outcomes.
Working on a program now for a very large financial services firm.
They will have their employees do a rapid covid test at home, every single morning prior to work.
They are pushing hard to get employees back in, and this is how they are doing it.
Can I get a top 10 NJ school district opinion?
Asking for a friend moving back here from Hong Kong.
Chinese is a +
Grim you are going to give Pumpkin a pump in his pants.
WFH is forever….
Right…so the kid that totally flunked his state test because he decided he would rather sleep through it, than do what he is supposed to do has a strong work ethic.
This post sums up my previous post at 6:47. 2021, and you are not allowed to call out a sh’t work ethic. Thanks for proving me correct.
God forbid we associate hard work with wealth anymore. That’s how far down the rabbit hole we have gone. WOKE!! If you are wealthy, it’s because you had it easier or had a head start. You are privileged. STFU!!
Principal Skinnër says:
January 5, 2021 at 7:18 pm
Your job isn’t to measure work ethic I 2o21.
Your job is to measure outcomes.
Pumpkin porn!
Juice Box says:
January 5, 2021 at 8:35 pm
Grim you are going to give Pumpkin a pump in his pants.
WFH is forever….
Pumpkin p@rn!!
Juice Box says:
January 5, 2021 at 8:35 pm
Grim you are going to give Pumpkin a pump in his pants.
WFH is forever….
Grim is dead on.
My wife’s employer forcing people back. Two teams. Started this week. My wife starts on Monday, since she is on the other team. So they rotate. Rapid test each day they go in.
On the topic of why are we running empty trains…I ask why are we running empty planes? That’s private sector. Why? They both can’t stop. They are key components to our infrastructure. They lose workers, going to take a ton of time to train new ones. On top of that, the hit on the economy as more people lose jobs would be devastating.
Line people up at the fedex trucks and administer it straight from the truck first-come-first-serve. One vial sitting in a freezer somewhere waiting for a bureaucrat to give the go ahead is a travesty.
Russian Aggression Spurs Neighbors to Rebuild Defenses
Sweden has overturned decades of its own defense and foreign policy to strengthen its military and tighten ties with the U.S.
https://www.wsj.com/articles/russian-aggression-spurs-neighbors-to-rebuild-defenses-11609859853?st=tps5yfq22mbzn3o&reflink=article_copyURL_share