From the Star Ledger:
Finding a summer rental at the Jersey Shore might be harder than ever this year
If you’re thinking about renting a house at the Jersey Shore this summer, brokers have one piece of advice for you: Don’t wait.
The increased demand that was seen last summer is continuing into the summer of 2021 as more people have discovered this close-to-home getaway and those who didn’t book in time last season who locked in earlier this time around.
“We saw a tremendous surge in May of last year once (Gov. Phil) Murphy said the shore would be open,” said Matthew Schlosser, vice president of Schlosser Real Estate in Lavallette.
The company booked 800 rentals between May and June, up 35 percent from the previous year.
And people who rented last summer began booking their stays for this summer even earlier than normal. By fall, Schlosser said, he had 30 percent more rentals booked for Summer 2021 than he normally does. And from Jan. 1 until now he’s done another 500 or so reservations.
“The problem is now, we’ve pretty much run out of inventory for late July/early August,” he said. Typically the inventory isn’t this low until April or May.
Friskies,
Gary, no issue with Lou. Lots of GOP caught in the closet. Look at Lady G she is fighting hard for survival.
Left, never claimed virtue, but I will call out hypocrisy.
Second
Heat and Netflix are awesome.
Who the f.uck is lady G? And what do my likes or dislikes have anything to do with people caught in the closet, out of the closet, behind the closet or under the f.ucking bed?
Who cares? Steel is an alloy of iron and carbon. It can contain small quantities of silicon, phosphorus, sulfur and oxygen. It’s relevant to making apple cider donuts, right?
Fab And you will call out the Dems for hypocrisy as well ? Or are they incapable of it ? Or perhaps you will explain it away.
Gary is on more drugs than a SoundCloud rapper.
Do you folks still talk about real estate? Thought this was fascinating on multiple levels.
https://realt.co/
Leona Helmsley Famously quipped, “We don’t pay taxes; only the little people pay taxes.” Sentenced to 16 years for writing off millions in home remodeling as a business expense. Died in 2007; left $12 million to her dog.
This is a perfect example of why using income to justify real estate prices is a waste of time. Only a slight majority of the population owns real estate. So what really drives the price of real estate are people who use it as an investment vehicle or storage of wealth.
30 year realtor says:
February 16, 2021 at 9:12 pm
Do you folks still talk about real estate? Thought this was fascinating on multiple levels.
https://realt.co/
30 year
Are the owners of the tokens liable for anything? Are all they are risking their investment?
I wish Fast would audio record his thoughts and turn them into a book. Like gonzo journalism
We were supposed to get rolling blackouts of 15-30 minutes. Then we were told it would be 15 to 45 minutes. Wound up with some people having no power for days, and others likes us repeatedly losing power for 8-12 hours at a time with power coming back for a few hours. Some areas of DFW never lost power while others were getting power for a few hours Then losing it for 45 minutes. Why such discrepancies? Equipment failure ? Incompetence? People are not happy.
https://www.wfaa.com/mobile/article/news/local/i-really-think-this-is-criminal-wfaa-viewers-getting-heated-about-being-left-in-the-cold-by-ercot/287-6bda3327-d44f-4720-aaab-29644e0d6f3a
Do you folks still talk about real estate? Thought this was fascinating on multiple levels.
https://realt.co/
I like it, Detroit real estate tokens! Expected yield 11%! Governor likely to extend rent moratorium another year!
Hold,
https://babylonbee.com/news/people-who-moved-to-texas-from-california-finally-feeling-at-home-now-that-power-is-out
AUSTIN, TX—Thousands of people who escaped the desolate wasteland of California have found new opportunities by moving to Texas. To help them feel right at home, even the weather is extending some Texas hospitality by knocking out power stations– giving the former Californians a taste of the blackouts they’re used to.
They aren’t used to blackouts in sub zero temps .
HMB,
Best I can determine there is no liability for investors beyond investment.
My view of the block chain real estate investment I posted is that it is ripe for abuse. How are these properties being acquired? Who is managing them? What is an appropriate rate of return for a 1 to 4 unit investment property in Detroit? What are the built in fees being absorbed by investors?
Love it. The Texas freeze power failure mess comes down to that famous words of deregulation and free market. Bloomberg had great stories on it.
First is an only Texas power grid, so they can’t connect and get power from neighbors states. Done on purpose to avoid federal regulations. Which also meant stuff like buildings to house the generators and support system were not done to save money.
Remember people. These are the dimwits that opposed help to NJ during Sandy. I say let them heat themselves with their AR15 and bullets.
https://www.bloomberg.com/news/articles/2021-02-17/in-texas-s-black-swan-blackout-everything-went-wrong-at-once?srnd=premium
How does renting at the Jersey Shore jive with the whole you don’t have to pay your rent policy?
“Left, never claimed virtue, but I will call out hypocrisy.”
LOL, was going to go back to ignoring you but…understand the difference between NUSAS and SASO and then type.
No hypocrisy. Sorry to ruffle your “as a liberal I know better about your life than you do” feathers.
“The Texas freeze power failure mess comes down to that famous words of deregulation and free market. Bloomberg had great stories on it.”
Just stop.
Bloomberg Inc reporting has become nothing more than a leftist mouthpiece…it’s been sad watching it deteriorate alongside the NYT and CBS…
And the reference to Sandy is apt. Last time TX had these issues was around 1990 from what I see reported….so, yeah, snow and subzero temperatures over a week in TX is analogous to Sandy here…
How’d we do during Sandy?
Even more on point, the ‘regulated’ utilities here can’t get power delivery during storms correct…where they are EXPECTED and normal.
https://www.newsday.com/long-island/pseg-cuomo-operating-license-1.47982333
Does this put the preening fool in running for a Tony?
Ownership of these real estate properties is denominated by digital tokens on the Ethereum blockchain. Ownership in most real estate properties is determined by paper deeds. RealT replaces paper deeds with digital tokens; a new mechanism for asset ownership, based on the Ethereum blockchain.
Nope, I’ll pass.
Nouriel Roubini going totally off on Bitcoin on Bloomberg radio. HILARIOUS!
If I find the podcast later I will post it.
Left and Stu: Will post text if you cannot accessed it
https://www.wsj.com/articles/building-an-ice-rink-in-your-backyard-water-and-gravity-will-always-win-11613494552?st=chlshc9akzztbbk&reflink=article_copyURL_share
Chi, nice…..had a few home rinks around here, tough, most years when my guys were in their prime there were only a few days that were actually skatable….ex-this winter of course…
Growing up we were pretty low tech….local pond and open the hose in the backyard. Good thing the neighbor’s kids played as well, the topography at my parents flooded the lower part of both backyards…it was nice, the ‘rink’ was twice as wide. Nice until the spring melt, lol.
LOL
Just no words……
https://youtu.be/_WoLqtw681Y
For the Federal Reserve so loved the world that they gave us their anointed son Jerome Powell, and that whoever believes in buying the fcuking dip shall not perish, but obtain eternal P&L life. Amen.
REJOICE AND SING ALONG!
But but there is no income tax. There is no free lunch, when will people learn. I can’t wait to see the issues with water as their supply dwindles and the population goes up by the day, but who cares, we have no income tax!!
You should have known that Texas is an unforgiving environment.
BRT says:
February 16, 2021 at 10:40 pm
Hold,
https://babylonbee.com/news/people-who-moved-to-texas-from-california-finally-feeling-at-home-now-that-power-is-out
AUSTIN, TX—Thousands of people who escaped the desolate wasteland of California have found new opportunities by moving to Texas. To help them feel right at home, even the weather is extending some Texas hospitality by knocking out power stations– giving the former Californians a taste of the blackouts they’re used to.
There is no free lunch. I heard their price for electricity is currently through the roof.
I wonder if all those businesses that moved there are enjoying it. That’s the beauty of the northeast for business, safest region when it comes to natural disasters. It provides long term stability. Yet, all these fools chase short term profits…keep chasing that garbage. It’s like investing for the short term, a fool’s game. Yet, the greed gets them to do it every time.
EddiesStillHigh says:
February 17, 2021 at 7:31 am
Love it. The Texas freeze power failure mess comes down to that famous words of deregulation and free market. Bloomberg had great stories on it.
First is an only Texas power grid, so they can’t connect and get power from neighbors states. Done on purpose to avoid federal regulations. Which also meant stuff like buildings to house the generators and support system were not done to save money.
Remember people. These are the dimwits that opposed help to NJ during Sandy. I say let them heat themselves with their AR15 and bullets.
Chi.
There are tons of homemade backyard rinks up in our area. When I was growing up, you could always find a pond somewhere that was out of site of the cops. In today’s significantly more litigious society, you can no longer skate on ponds. We used to play from sunrise to sunset. There was also etiquette that all of the users of the shoveled rinks followed. Even if the different groups didn’t know each other. For example, you were required to reshovel the playing area before leaving each day so the snow wouldn’t freeze into bumpy ice. There was always a fire burning onshore with plenty of cardboard to sit on to put your skates on. There was even this crazy old former Czeck olympic player who would come down every morning, drill a fishing hole in the ice (that would fit a bucket) and would squeegee the ice to perfection nearly every day. This guy was the real deal. Whenever it snowed, you would see his cross country ski tracks everywhere. He also used to drive a Yugo which he kept running forever, which is quite the accomplishment, considering how crappy they were. On the back window, it was always painted with impeach (whoever the current president was at the time). This guy was absolutely nuts. Even in his gray haired 70s, he could skate circles around a lot of the guys in the over 35 leagues. Though, on the pond, he liked to pull his grandkids around on a sled that he tied to his belt and then skated around.
What most backyard rink people don’t realize is that you need warm water to smooth the bumps in the ice. Cold water sucks. There are a lot of fancy contraptions, but before the Zamboni was invented, the ice was cleared with hot water buckets and squeegees. I only know this, because my stepfather told me they used to do this at the Garden back when the boards had chicken wire instead of glass. The kids who did it, got to see the games for free. They also could do the entire rink in 5 minutes. There was not 15 minute breaks in the locker room between periods in those days.
You buy electricity for a set rate up to 2 years. That’s what most people do. Anywhere from 3 to 24 months when you pick a plan.
Deep freeze sends Texas electricity prices soaring 10,000%
https://apple.news/AztF7XRUPSS6vybtctlff0Q
The problem in Texas was mainly their natural gas production going offline it was 1/2 their power generation. They could not pump the gas from the ground needed to power half the state, the pumps use electricity, so without it they’re not even able to lift that gas and liquid, because there’s had no electricity to pump. That even affected gas powered plants in Mexico as gas dwindled down to about 1/5th of normal production.
They don’t have storage facilities like we do here for gas, they use a just in time method for demand spinning up gas wells as needed for the demand. There is plenty of gas supposedly 100 years worth for the entire country. All useless without electricity to pump it or wells that are not frozen shut.
Pumps
You are right. New Jersey never has nor easters, tropical storms or hurricanes. No place in New Jersey has ever flooded on a normal day on a full moon. There are no forest fires in jersey because Murphy has forbidden trees to burn.
Meanwhile if you get divorced in jersey you can be on the hook for alimony for the rest of your life. Your neighbor can neglect their trees and not be held liable when they fall and damage your property. And the cops are so righteous they don’t need to wear body cameras. And nepotism and cronyism are merely words in a dictionary and not a way of life.
Nouriel Roubini going totally off on Bitcoin on Bloomberg radio. HILARIOUS!
If I find the podcast later I will post it.
When the NY times article came out in 2008 gloating about Roubini’s Dr. Doom predictions coming true, I tried my hardest to find evidence of that actually occurring. I even scanned his whole website at the time and could find nothing. I’ve always considered that article that gave him all this street cred bs as I was never able to verify any of it. I think it was fake news…a nice form of marketing at the time. I never had much respect for anything he’s ever said.
I’ve been buying $250 a week in BTC hoping to avoid going all in at $40k. Did Ethereum and Litecoin on the first week just for fun. With Michael Saylor blueprinting the issue bonds and buy bitcoin trade, I think it’s only a matter of a time where a bunch of other companies do it as well because why not? Especially when no longer let companies fail. 1% of the balance sheet? Let it ride! But how pathetic is it that my BTC gains so far have exceeded the cumulative interest earned in my savings accounts since 2010?
IMO, investing in BTC in 2017 was too risky. Today, who the heck knows. In the everything bubble environment…it’s all funny money finding a place to live.
lol, Texas has a bad weather week and he thinks life is over. It’s all gonna melt by next week. When Sandy hit us, people spent years before being able to get back into their homes. He’s responding to my satire news site article.
Hold, it’s not just jersey. It’s all the states in the northeast. Most stable area in terms of natural disasters.
In reply to jersey. Again, there is no free lunch. Every place has its cost. People trying to market areas as perfect destinations are full of sh!t. Every place has its cost. If it’s cheaper land, it’s because the area developed later due to less than desirable environmental conditions.
Florida paints this picture of pure bliss if you move there…sure. Not for the avg guy…
Hold,
Gee, in CT, I recall losing power for 5 days, with Hurricane Isaias in early August. My brother, one town over, went 10 days. He is the usual buffoon.
I lost electricity for 9 days during Sandy.
Bystander,
You think homes or buildings last long in Texas? The environment is harsh. You live in cushy Conn and are crying? Man up, your state is not know for its harsh climate and natural disasters. That’s why homes are so old in conn, because they last.
Maybe I should change my handle to pumps is my guardian angel.
Pumps comment on the spot market reminded me we renew our electricity rate around this time of the year. My electricity contract expired last week and I had missed the email renewal notice. (they only send one). Called and locked in 24 months at a fixed rate and backdated to date of expiration. No 10,000% increase for me.
My solar deal locked me in at 1.9% price growth for 20 years. Read through the contract, if it ever didn’t work out in my favor, nothing stops me from turning it off.
Sandy we were out for 5 days. Fortunately we had a vintage boiler that generated its own electricity so we still had heat. We lost power so often in north jersey when a storm was coming we didn’t bother stocking up on perishables. Strictly canned stuff and fruits and veggies
FYI if you move to Texas try to get a place on the same grid as a hospital, firehouse or police station. Those grids were not impacted by the rolling blackouts (which were more like stuck blackouts in my area). Some of our kids friends lost power for days without it coming back for even a few hours. Another of their friends never lost power because they are near a fire station. All of their relatives came to stay with them. This storm could be a new super spreader event.
Another odd thing about Texas is so many houses have hot water heaters in the attic or in a closet on the second floor. I refused to even consider one of those. When the hot water heat blows it would do so much damage to the house if you weren’t there to shut it off, and if you are unlucky enough to have the hot water rain down on you at your desk or in your sleep you would get badly burned. Both of ours are in the garage so if if they go only my rakes and lawnmower get soaked.
I would think no power for 3 days some of those houses will have pipes bursting in their attics.
Why do you think Florida took so long to develop? Why do you think Texas took so long to develop? Why do you think arizona took so long to develop? Why do you think Colorado took so long to develop?
They were all harsh environments. That’s why they were the last develop. They became appealing when the rest of the areas developed and drove up the price of land. So eventually people started to ignore the harsh environment because the land was so cheap in comparison.
What happens when you drive up the price in these areas that they become on par with less harsh areas like the northeast? We will find out.
Remember, a lot of these people only learn of the harsh environment in these locations when they move there.
On the importance of masks.
Our little man was at CHOP on Monday and Tuesday for his 4th year, post brain cancer MRI/Audiology and Oncology follow-up. All was perfect. When we were discussing school options and his immunity to Covid (no less immune, but many of his organs are beat up a bit from three stem cell chemo rounds, plus three regular) our expert pointed out that there has been almost zero spread within the masked classroom environment. Once those masks come off, the virus is much more virulent, evidenced by the spread in sporting events.
This supports my theory of how important masks were when the majority of right wingers were claiming otherwise and Joyce’s studies seemed to prove otherwise. The exposure time component, which obviously plays a role, seems lessened though. Especially for elementary school peeps who spend all day in the same classroom.
Lots and lots of my friends got it. Every single one of them was not the careful mask wearing type. Really. Every single one.
Back in the Summer, I went to a poker game with my closest friends. Though beforehand, I mentioned that masks would be required for me to attend, after a few drinks, two of my friends took them off. I made sure to position myself about 10 feet away from them. I also didn’t stay more than about 30 minutes once they betrayed my requests. Guess which two of the eight of us eventually got Covid? The two who let their guard down. Though anecdotal, there HAS to be some truth to all of the evidence. This coming from a person who has been down to AC at least 7 times since Covid started, but with crazy masking, care for social separation and never eating in a restaurant.
Your brain is harsh. There are tons of older housing units, 70-100 years old in many parts of TX. Like anything, you have to maintain them whether in CT, TX or elsewhere. You are too dumb to see land is cheap and TX keeps expanding the suburbs. No, I doubt those houses will stand test of time but that is not harsh climate..that is poor product for the biggest profit.
“Why do you think Texas took so long to develop? Why do you think arizona took so long to develop? Why do you think Colorado took so long to develop?”
“That’s why homes are so old in conn, because they last.”
You are a fool. Seriously, it is downright frightening you are teaching children.
Yup. All about the environment. Doesn’t matter CT was settled in the early part of the 1600s. Or that AZ didn’t even become a State until literally 300 years later.
And of course it has nothing to do with technological advances in modes of transportation and communication…because the time, effort, and risk of traveling to (let alone settling in) an area 1,500 miles away from economic and population centers are the same now as say 200 years ago…..
Yup, historical settlement patterns across North America are all about frequency of ‘natural disasters’.
Truthfully, and I’m not being insulting, are you really this stupid? Or are your posts a poor attempt at sarcastic humor?
Hey O’Biden, where’s my f.ucking vaccine shot and porkulus money?
I read that they are going to remove the ban on earmarks. This porkulus going to be the porkiest ever. I fear for the dollar. Really!
Ask yourself again if L1berals aren’t suffering from mental retardation:
https://nypost.com/2021/02/16/nyc-public-school-asks-parents-to-reflect-on-their-whiteness/
Post- 2nd Jab report….
Funny, no real symptoms of the virus as some others have reported. I do feel effects in my sinuses, very similar to after the first dose. Odd sensation of slight burn and ‘space’ if that makes any sense…similar to the feeling one gets if you go outside on a zero degree day and inhale deeply through your nose…otherwise, no fatigue, no fever, feeling pretty good….may be a little colder than normal but with the recent weather who knows…
One thing this time, holy cow, the injection site. My arm is fcuking killing me, can barely move it. Not intense pain but a deep, hard ache….like someone wound up with a 40oz baseball bat and let it rip for a HR into my deltoid….I’m guessing that has more to do with the administration than the vaccine itself…
On the admin point, place I went to is a downright factory now. A month ago they were efficient and timely, yesterday they probably could have assembled a tesla in an afternoon the way they were running.
Moderna.
Left: And the oldest city in the US is St. Augustine in Florida of course! It really is frightening that this is his thought process. Everything is filtered through one lens and one lens only.
Leftwing,
One thing this time, holy cow, the injection site. My arm is fcuking killing me, can barely move it.
I’ll trade you my leg for your arm. I suspect you’ll take the arm back real quick. ;)
True that Eddie….how you coming along?
Fast: I read that article. It really is frightening that this is the madness that’s happening now. NYC is just going right down the tubes!
Fast: Is the pain getting better?
Pumpkin,
What year did the Germans bomb Pearl Harbor?
Leftwing,
You stop. what is not “left wing media” enough for you OAN, Newsmax, RT. You are so warped by your sense of ideology that reality is a 6th dimension to you.
You right winger are so out of touch and so nihilistic at this point that you want to bring everything down, thinking is going to be rebuilt by a “strong” man that will punish the useless and keep them down as serf. Sorry pal, the only master after you kill the goose that layed the golden egg is the Xi Ping, Putin and the alike.
Bloomberg is about money, there is nothing clearer than that. WSJ, Barron’s etc, were about money, but then Murdoch bought it, and it became right wing mumbo jumbo.
Your article about PSEG in LI, is the point. Pre-deregulation a utility was a private public service provider and one of the best blue chip steady dividend stock. Utilities were able to sell off and buy back generating capacity.
Those it sounds familiar, Sears and other targets of Wall Street rent seeking alchemy. Sell off the real assets and pay rent for them. Another great product of the degenerate boomer locusts.
Oldest city, yet that area didn’t develop. Now why? Thanks for proving my point.
3b says:
February 17, 2021 at 11:07 am
Left: And the oldest city in the US is St. Augustine in Florida of course! It really is frightening that this is his thought process. Everything is filtered through one lens and one lens only.
Btw, my grandparents lived in St. Augustine.
3b, Leftwing;
The pain and swelling is intense. I’m dragging my @ss along. The pain will be here for some time. It’s a long haul.. major surgery here. They slice you open, cut bone on the tibia and femur and bolt in titanium and plastic so, we’re talking about some hefty shit going on.
Pumps As a history teacher you should know better.
Received my 1st shot yesterday at the Rockway Mall, very efficient set-up.
Juice,
I would think a few industrial diesel generators at a few NG wells could get enough NG to a few power plants which could produce electricity to send to more NG wells …
Or maybe a few key wells have massive backup batteries attached to solar panels to jump start the system. Given how simple and likely archaic that grid is they may not be able to control the electricity flow back to targeted wells.
HMB, you could warm pipes with Sterno but make sure you don’t burn down the house. Sterno stove might be good thing to have on hand.
There are gorgeous Queen Anne and Edwardian homes in Waxahachie.
https://www.pinterest.com/pin/703756163010357/?d=t&mt=login
Highland park (where the wealthy in Dallas area live) is full of beautiful 90+ year old homes that are 5,000+ square feet. I think all the doorways and windows have chestnut or cherry or something like that under the white paint.
https://www.redfin.com/TX/Dallas/4209-Lorraine-Ave-75205/home/32068815
https://www.mrheater.com/product/heaters/buddy-series.html
Fitted medical grade masks are one thing. The other 95% are trash.
“Leftwing, You stop. what is not “left wing media” enough for you OAN, Newsmax, RT. You are so warped by your sense of ideology that reality is a 6th dimension to you.”
Nope, all of the above slanted. As is MSNBC, CNN, etc. What is different now is that former benchmark mainstream news (NYT, CBS) that used to just report facts regularly editorialize on the front page. As does Bloomberg now.
I’ve spent a majority of my waking hours each day of the last 25 years in front of a Bloomberg screen. When you can say something similar we can discuss the trendline of their news.
“You right winger are so out of touch and so…”
And yet again a diehard liberal telling me about me……
You ever deal with golf ball sized hail? You ever deal with foundation problems? Fire ants? Tornado’s? Yea, Texas is just like conn. Hell, Conn is worse according to you, right?
You know how long a roof lasts in Texas?
Bystander says:
February 17, 2021 at 10:39 am
Your brain is harsh. There are tons of older housing units, 70-100 years old in many parts of TX. Like anything, you have to maintain them whether in CT, TX or elsewhere. You are too dumb to see land is cheap and TX keeps expanding the suburbs. No, I doubt those houses will stand test of time but that is not harsh climate..that is poor product for the biggest profit.
Eddie, yeah ortho is the last frontier of real surgery….with technological advances not many other procedures left that involve cutting, hacking, and sawing any more. Feel for you bud.
Why did everyone move to ariz, florida, colorado, and texas? From the 2000’s on, why did they develop so quickly? Cheap land and cheap taxes. Those areas avoided early development because their location was less desirable than the developed areas. There is a reason LA and Sf developed before the above mentioned states.
Don’t be a jacka$$, and put me down.
“Truthfully, and I’m not being insulting, are you really this stupid? Or are your posts a poor attempt at sarcastic humor?”
How long can the propaganda industry prop up Biden before the collapse? The hoaxes have to keep increasing in outlandishness to keep the narrative going and when this one collapses it will be epic.
30 year: looks like crappy old real estate with new buzzwords used to market it. A slumlord REIT but without the protections to investors that a public listing brings.
Maybe Pumpkin should sell his rental house via block chain 3 times without telling his investors that he has deadbeat tenants. Just put some blather on the website about the house being “sustainable” and serving an “income diverse” community. Since houses in NJ last forever effortlessly. Click here to be an enlightened slumlord, $50 minimum investment. Maybe call it “pumpkincoin”.
Cathie Wood coming up on CNBC shortly for anyone interested….
Build the same exact house in Texas or Florida, and then in NJ. You tell me which one will last longer with no maintenance. Florida home has a really high chance of being destroyed it its lifetime by a major hurricane that has not hit Florida in some time.
No One says:
February 17, 2021 at 12:01 pm
30 year: looks like crappy old real estate with new buzzwords used to market it. A slumlord REIT but without the protections to investors that a public listing brings.
Maybe Pumpkin should sell his rental house via block chain 3 times without telling his investors that he has deadbeat tenants. Just put some blather on the website about the house being “sustainable” and serving an “income diverse” community. Since houses in NJ last forever effortlessly. Click here to be an enlightened slumlord, $50 minimum investment. Maybe call it “pumpkincoin”.
She say anything about a correction?
leftwing says:
February 17, 2021 at 12:08 pm
Cathie Wood coming up on CNBC shortly for anyone interested….
Lost power again for 45 minutes. During this outage got to watch a native Texan across the street attempt to use a broom to clear off 4 inches of snow mixed with ice. Surprisingly it did not work
Beer,
How far south did the cold and snow go? Into Mexico? Possible historic records set?
Yippy yeah. Another fat drug addle boomer that made life abrasives bites the dust.
Leftwing, I’m well off from being liberal. But I know my moral and ideological bearing with fact based reason as the oil that runs thru it. Your opinions and those of many you seem to mirror are off the reservation on lunatic land.
The states that spend the least on mental health care tend to be conservative. FL is 49th in per cap expenditure. Is it any wonder then, that the paranoid, reality bending, schizophrenic conspirancy theories and delusional ideologies that millions of Texans thinking that they live in Alaska circa 1850’s are rooted in those areas.
By the way, I think Bellevue’s psych unit is waiting for you to return to your room.
LeftwingNutsorHigh,
Post under the handle you normally use.
Limbaugh was keen, logical and had a way of communicating thoughts into concepts. I was a big fan, sad to hear this news.
Leftwingnut,
Florida is South America. Good place inside the gates. A lot of broken people walking the streets of main st Florida. Every f up I knew growing up is now in Florida, Texas, or Arizona. I’m not saying that everyone is a f up in these locations. I’m simply pointing out that these locations attract broken people. Lots of them, like Cali attracts the homeless populations.
FastEddie,
It tell a lot that you knew who I’m talking about without mentioning his name.
I wrote “Another fat drug addle boomer that made life abrasives bites the dust.”
You correctly identified him. Is it that your subconscious knows the reality that you won’t admit too. Or that you shared so cr@ck pipe in the past with that degenerate boomer.
EddieStillHigh,
You’re hilarious. LOL! Every media site on TV and the internet announced his death. Who the f.uck else could it possibly be? And what reality are you talking about? Reality of what? Why are you so drunk at this time of the day and during a work week? Check your grammar closely before you post; it says a lot about your unwillingness to pay attention to detail as well as your work ethic.
Fast
DFW area got down to -2. Coldest since 1949. I think the cold went into Mexico. Mexico was sendingtexas some electricity but stopped once the cold and storm reached them
I feel like it’s North Korea not north Texas . When the power comes back on We drop whatever We were doing and prioritize what we can do with the power on. Who knows how long it will stay on for and how long it will be out again
The more I listen to Kathy Wood, the more I realize she is just putting out business platitudes. Investing in future. Data will win. PLTR speaking our language. 444X FWD reves… /waves hand/ pssshhhtt… it’s all going to work out. Big cap biotechs? Oh we use them as cash like instruments. SPACS? Yes, more please.
Investing with Kathy is like going rolling through bad guy HQ with MacGyver. There’s simply no obstacle too large.
Legal cannabis is a booming business. And like in so many other industries, the real money may be in the real estate.
Four more American states legalized retail cannabis sales over the last year, sparking a land rush for properties that can accomodate pot-related enterprises, Peter Grant reports. Warehouses and retail spaces that can be equipped for the cannabis business are tripling in value, brokers and investors say. Being in a position to lease space to pot shops is “like holding the winning lottery ticket,” said Anthony Coniglio, chief executive of NewLake Capital Partners Inc., which owns 19 properties in eight states rented by cannabis businesses.
It’s not just cannabis that has investors feeling high on warehouses. Foreign real estate interests have started buying more suburban warehouse properties amid a spike in e-commerce demand, Konrad Putzier reports. A subsidiary of France’s AXA Investment Managers bought a majority stake in 27 U.S. logistics facilities for $875 million.
And in New York, more investors are looking to buy condo units in bulk, cutting deals at a large discount compared to market prices. Many luxury apartment developers have too many unsold units on their hands during the pandemic, making it difficult to pay off construction debts. “They might not admit it and it’s all very sort of confidential and behind the scenes, but almost every [developer] is trying to do the same thing right now. And that’s to do bulk transactions,” said real-estate broker AnneMarie Alexander.
— Will Parker, Housing Reporter
Her numbers speak for themselves. Those were not easy calls that she made. How many of you were on Tesla or Bitcoin? She was way ahead of the game.
To say her success is just the result of investing in an upwards moving market is bs. She made some of the best calls in the last 5 years.
BoomerRemover says:
February 17, 2021 at 2:33 pm
The more I listen to Kathy Wood, the more I realize she is just putting out business platitudes. Investing in future. Data will win. PLTR speaking our language. 444X FWD reves… /waves hand/ pssshhhtt… it’s all going to work out. Big cap biotechs? Oh we use them as cash like instruments. SPACS? Yes, more please.
Investing with Kathy is like going rolling through bad guy HQ with MacGyver. There’s simply no obstacle too large.
A teacher suggesting cannabis. Yeah, that’s what we need. A totally wasted population.
America is doomed.
Example of what a good teacher is like. These are rare. This series is fantastic.
https://www.youtube.com/watch?v=MQV3D8F6gvw
It was a commercial real estate article from the WSJ…read the entire thing.
Hold My Beer,
That is what it feels like when the big boys are rigged against you the little guy like you. You can call it Communism or you can call it Free Market Deregulation. Either way you are cooked by greed and power using an ideology of “elites” first and you last. TX is a one party state at all level of government except a few major cities. That party is the GOP traitor wack job branch.
That is what nitwits like Traitor Eddie and Leftwing don’t understand. We have gone thru this before. A great cripple President like FDR understood that and built up the country, unlike your dipsh!t cripple Gov Abbott who looks like he needs to go back to a nursing home.
FDR electrified the rural south, when big business boys like the ones in TX opposed it. The reason you have no power, is that TX is not linked in a national power network and they would have gotten fed from all side. Not linked because “federal regulation”.
Tesla investing is a cult. Bitcoin, while I like the idea and actually have been acquiring it, while I think fundamentally sound long term, I realize, there is a huge religious cult dedicated to it for unsound reasons.
I disagree with this part of your post. Murdoch has had no impact on the WSJ. I’ve read it for many years, certainly before Murdoch showed up. One of the reasons it has maintained its “consistent” focus (whatever you think it is) is that its main revenue driver is business news and their readership is willing to pay full price for it. My point is that there is no financial incentive to pander, and quite possibly, it would be to their detriment. Don’t confuse the editorial pages with the reporting.
LeftwingDoingEddiesMeds says:
February 17, 2021 at 11:14 am
Bloomberg is about money, there is nothing clearer than that. WSJ, Barron’s etc, were about money, but then Murdoch bought it, and it became right wing mumbo jumbo.
Whatever it is, she was able to jump on board before everyone else. I sure as hell missed out on both, and I’m learning from my mistakes. That’s why I jumped on ARK. I know everyone and their mother that is not invested with her is going to hate. They did the same thing to Tesla for the entire decade. Straight up spit on it as nonsense. They did the same thing to Amazon before that. Buffett type investors look for value, not innovation. That’s why they are losing in a highly innovative market. There are a ton of value traps coming our way. Hopefully ARK will help me avoid those traps.
BRT says:
February 17, 2021 at 2:58 pm
Tesla investing is a cult. Bitcoin, while I like the idea and actually have been acquiring it, while I think fundamentally sound long term, I realize, there is a huge religious cult dedicated to it for unsound reasons.
“30 year realtor says:
February 16, 2021 at 9:12 pm
Do you folks still talk about real estate? Thought this was fascinating on multiple levels.
https://realt.co/“
This one will be a fun train wreck to watch. Detroit houses plus crypto done by guys based in Boca Raton. What could go wrong?
For amusement, I tried to buy a few tokens to increase my investment exposure to Detroit houses. But the tokens are sold out.
Let’s see how it goes.
“Investing in future. Data will win. PLTR speaking our language. 444X FWD reves… /waves hand/ pssshhhtt… it’s all going to work out. Big cap biotechs? Oh we use them as cash like instruments.”
It was a good interview…..she’s honest at least…..admits she invests in long duration, high beta opportunities. When rates go from 320bps to 59bps in the span of 18 months those investments are going to rocket. She was clear that if rates continue going up she will underperform. For some reason 2% sticks in my head but don’t quote me on that.
I did like her comment that her ‘hedge’ was what she viewed as ‘cash’, the large cap pharma she’s been buying. Pretty sure I noted her shift from some of the more speculative names to the Swiss retiree stocks a few days ago here, maybe last week.
She did mention TSLA and PLTR by name. Interesting, as she was talking they didn’t move really. That is unusual, maybe telling. A trained monkey in that 12-1pm slot moves names.
When this forum was making fun of crypto, dipped 21K into LTC last march@27
Sold half of them for 225 today. Also bought 5K worth of chainlink for like 9 last year and its up around 32. Loaded up some more chainlink and stellar.
Will hold the rest for life. Dont care..
“LeftwingNutsorHigh says: Leftwing, I’m well off from being liberal. But I know my moral and ideological bearing with fact based reason as the oil that runs thru it.”
Yaaawwwwnn…..
Your not a liberal by the yardstick of the bankrupt, nanny state, left wing northeastern bastion that is NJ…..You should get out more often….outside of the handful of other (failed) social experiments meeting those criteria bright blue runs through you.
Travel and spend time in others’ homes. It expands your horizons. And please stop using the term “the big boys”. It’s childish. It makes you sound like some clueless new 19 year old hire on a DPW crew.
NAPS, nice.
I’ve eyed crypto. Just seemed too complicated. Really kicking myself, had MARA in my sights in December and nothing happened, didn’t make it priority. Fcuking missed out on an eight bagger on that one as of today…..
Actually opened coinbase account in 2017 when LTC was rising from 80 or so. it went all the way up to 420. My average buy was around 160 but lost like 3K when I sold it all.
But march last year, figured nothing to lose and dipped a lot of money and cashed out today for 225 half of them.
Chainlink got in at a reasonable time. Should have got in at $5 but still got in at 9 or so. Wanted to dip some into XRP earlier this year but coinbase doesn’t allow to buy. Took my profits and will leave the rest for life. No more dipping and I moved all the $$$ from my coinbase linked bank account so I don’t get tempted.
. I work for one of top banks and they sent out some notes on crypto and our future strategy. This is a old old bank mind you. Thatz the only reason I bought some more chainlink and stellar. With US printing more $$$, watch out guys. Who knows…
leftwing, what hurts to put like 1K or 2K each in LTC and chainlink Go for it.
I’m no crypto expert but it was surprising to me that my bank would send notes on crypto strategy… It was surprising. Something is cooking.
Internal notes or research piece?
Think a nice writeup from MS IIRC landed in my email, part of what piqued my interest…..not prying, just agreeing that it does seem to be going more mainstream.
I’ll wait for a pullback, if there is one. Don’t know if you have a view but I have this tail risk fear of the US government (effectively) shutting it down somehow for its citizens or frankly doing it themselves? FEDcoin? LOL.
leftwing,
Was sent to internal employees but I guess it has been published to public.. So nothing confidential I guess.
US can shut it down. It can all go back to ZERO. Who knows but having your fun money in there doesn’t hurt. Where else you are going to put new money these days…
“Where else you are going to put new money these days…”
DRAFTKINGS! The service, not the stock lol.
Gotta sign off, I may retract my prior observation on the vaccine….literally falling asleep at my desk…
Anyway, tomorrow is House hearing on GME. May be worth tuning in…these things can be explosive or incredibly lawyered up dry….this one has potential though….
You have the young Bulgarian immigrant billionaire CEO of Robinhood, the millennial billionaire CEO of Reddit, two of the most successful hedgies ever in Griffin and Plotkin who likely dropped nine figures in this fiasco, and a 30-something living in a basement who turned $53k into what was $46m at one point. All run by PT Barnum (Maxine Waters). I think one of the betting sites was making odds on DFV showing up with a headband (favorite was yes). No telling where this hearing will venture.
Good chance of some entertainment value.
Hope the Pfizer shot does not have the same issues.
Leftwing,
Your a Moderna pussy.
I had my 2nd shot at noon today and all I am is incredibly sleepy.
Leftwing,
Your a Moderna puzzy.
I had my 2nd shot at noon today and all I am is incredibly sleepy.
That’s why I’m long ARK.
“In the long-term, stocks mostly go up. That single piece of advice has formed the core of many trillions of dollars of investment decisions. But it isn’t without detractors.
One of the counterarguments sometimes cited is Japan: The Nikkei 225 hit 30000 for the first time in three decades this week, but still hasn’t reached its 1989 zenith.
But that ignores the reality of reinvested dividends: Returns for most investors squirreling money away over a period of years are clearly positive.
Below, some of the best analysis and insight from WSJ writers and columnists, the Dow Jones Newswires team and occasionally beyond, on investing, the wealth-management business and more.”
“There are certainly circumstances in which long-term equity market investment doesn’t make money, but most are related to political turmoil or war. Investments in the Russian equity market were zeroed after the 1917 revolution, but bonds, real estate and, indeed, bank accounts didn’t fare any better. Returns in the U.K., Canada, New Zealand, Australia and the U.S.—all mercifully spared from invasion or social collapse during the 20th century—have real annualized equity-market returns of 5% to 7% from 1900 to 2019, according to the Credit Suisse Research Institute.
For anyone investing over a 30 or 40 year period, losing money investing in equities would be truly unlucky—or caused by circumstances so extreme that very few alternatives would offer a return either.”
https://www.wsj.com/articles/in-the-long-run-stocks-really-do-go-up-11613464206?st=7t2svb65rr52br3&reflink=article_copyURL_share
Chicago says:
February 17, 2021 at 8:16 am
Nouriel Roubini going totally off on B1tcoin on Bloomberg radio. HILARIOUS!
If I find the podcast later I will post it.
OK – here we go….. you get Roubini right off the bat for 11 minutes. He needs several minutes to get warmed up. You do get the Flintstones within the first minute. However, the real finale starts at minute 8:40. Tops off with Ferro saying “hopefully the next time you come back you can tell us what you really think.” Pure G0ld. er, I mean pure B1tcoin.
The filter won’t let me post the direct link….
go here…
https://www.bloomberg.com/news/audio/2021-02-17/surveillance-bitcoin-with-roubini-podcast
Oh yeah?
I had my common peroneal nerve severed… take that you vaccine p.ussies. ;)
Beer you were saying about overhead water lines etc?
https://www.reddit.com/r/CatastrophicFailure/comments/llwmwh/water_lines_are_freezing_and_bursting_in_texas/
Chi,
Excellent share. Thanks.
Texas better not ask for federal aid. They better not be hypocrites.
You say one thing and then go and do it….not a good look.
Juice
I bet a lot of people who left their homes when they lost power are coming home to scenes like that
Pumps
Our governor says those with insurance should turn to their insurance companies and those without should contact FEMA. So those who pay insurance get to eat their deductible and those who don’t pay for insurance will get taken care of by the government. And he calls himself a conservative. Sounds like something AOC and the squad would say.
So I made around 60K after tax with cryptos. And if everything I still own goes to zero, I would still be up by 50K. So that makes me smarter than Nouriel Roubini??
He is obsessed with bubbles. He called for crash in 2016 and I guess the stocks have doubled/tripled.
https://www.businessinsider.com/roubini-the-mother-of-all-asset-bubbles-will-burst-in-2016-2014-12
I think he was a one-time wonder..
“I think that this frothiness that we have seen in financial markets is likely to continue, from equities to credit to housing, and in a couple of years, most likely, this asset inflation is going to become asset frothiness and eventually an asset and a credit bubble and eventually any bubble ends up in a bust and a crash. I would say that valuations in many markets, whether it’s government bonds or credit, or real estate, or some equity markets, are already stretched. And they’re going to become more stretched as the real economy justifies the slow exit, and all this liquidity is going to go into more asset inflation. So two years down the line, we could have this shakeout … 2016 I would say.
The Great Pumpkin says:
February 17, 2021 at 5:20 pm
Chi,
Excellent share. Thanks.
Juice
I can’t stand those 2 story foyers. You got to pay to heat and cool them, and unless you have a parrot you let loose i don’t see their purpose.
Chi, yup Roubini pointed out the tether coin scam.
It should all come crashing down soon once they start making arrests.
https://newrepublic.com/article/160905/tether-cryptocurrency-scam-enrich-bitcoin-investors#:~:text=High%2Dpowered%20lawyers%2C%20jaundiced%20traders,intended%20side%20effect%20of%20juicing
Austin has thousands of broken water pipes.
Pumps figure out how to invest in Austin plumbing and water damage repair businesses.
https://www.kvue.com/mobile/article/weather/austin-texas-power-outage-pipes-protection-tips/269-af02c419-4c91-4033-a5de-1c4d342813f4
The northern section of Fort Worth and Arlington have boil water advisories. Fort Worth lost power at a water treatment plant and Arlington has a major water main break.
Yeah. More doom and gloom on everything.. I bet tomorrow’s snow will end the world as well if people listened to some of these expert folks on this forum
Juice Box says:
February 17, 2021 at 6:06 pm
Chi, yup Roubini pointed out the tether coin scam.
It should all come crashing down soon once they start making arrests.
Federal Reserve.
I agree. That’s my go to source.
Editorial has always been against high taxes, big govt, and socialized healthcare. The articles always present facts from an unbiased position. I support it to a tune of 20 a month, don’t want to see it go. Could go free routes, but understand I have to support what I value.
chicagofinance says:
February 17, 2021 at 3:05 pm
I disagree with this part of your post. Murdoch has had no impact on the WSJ. I’ve read it for many years, certainly before Murdoch showed up. One of the reasons it has maintained its “consistent” focus (whatever you think it is) is that its main revenue driver is business news and their readership is willing to pay full price for it. My point is that there is no financial incentive to pander, and quite possibly, it would be to their detriment. Don’t confuse the editorial pages with the reporting.
LeftwingDoingEddiesMeds says:
February 17, 2021 at 11:14 am
Bloomberg is about money, there is nothing clearer than that. WSJ, Barron’s etc, were about money, but then Murdoch bought it, and it became right wing mumbo jumbo.
Karma is a b!tch.
Texas governor was pissing on blue state governors for a long time, now I wonder how it feels? I hope they stick it deep.
Hold my beer says:
February 17, 2021 at 5:52 pm
Pumps
Our governor says those with insurance should turn to their insurance companies and those without should contact FEMA. So those who pay insurance get to eat their deductible and those who don’t pay for insurance will get taken care of by the government. And he calls himself a conservative. Sounds like something AOC and the squad would say.
Can I get an Amen?!! These people lost so much money over the last 10
Years it is not even funny. That’s why you have to try and ignore the noise sometimes.
notapumpsupporter says:
February 17, 2021 at 5:55 pm
So I made around 60K after tax with cryptos. And if everything I still own goes to zero, I would still be up by 50K. So that makes me smarter than Nouriel Roubini??
He is obsessed with bubbles. He called for crash in 2016 and I guess the stocks have doubled/tripled.
https://www.businessinsider.com/roubini-the-mother-of-all-asset-bubbles-will-burst-in-2016-2014-12
I think he was a one-time wonder..
I had my wife’s 401k in 100% equities since 2012. Really paid off. 2015, put it all in VWUAX. Balls move at the time if there was one with a 401k. Just believed in FAAng when everyone thought their run was up. Glad I didn’t listen to the noise.
I’m 95% VSCIX right now with her 401k….other 5% in VWUAX.
Oh, federal reserve.. federal reserve… the mighty federal reserve, they are coming after the cryptos… I’m running scared…. Folks, all that the fed will do is print another trillion dollars and it will inflate the crypto market…Go figure..
3b says:
February 17, 2021 at 7:11 pm
Federal Reserve.
Pumpkin, its not the noise.. But hallucinations AKA Dunning-Kruger effect ..
Truth of the matter is the fed can’t create demand. The Fed is on our side. They want to keep the system going. People who think we are better off without the FEd are fools.
If the fed didn’t print 3 trillion dollars, there would be riots in the streets..
People have a habit of bitching about everything and everyone and follow gloom and doomers.
Finally!! Someone gets it. Printing money is better than hell on earth. We can go from stable to chaos in a blink of an eye. People just don’t get it. The fed is a god send.
notapumpsupporter says:
February 17, 2021 at 8:01 pm
If the fed didn’t print 3 trillion dollars, there would be riots in the streets..
People have a habit of bitching about everything and everyone and follow gloom and doomers.
I think the big question on everyone’s mind is how Gary blew his knee out.
My guess is decades kneeling before Zod. Die Limbaugh you fat pill poppin f-ck.
Notpumps/who be bumps: did you get that from your alter ego? Print 3 trillion? Yes and another 3 trillion after that ? Sure and there will be no consequences? Right?? A lot more to be concerned about than riots in the streets. And as for riots we have had many over the last year
Looks like fast ain’t the only one on pain killers tonight
3b, what did you want the fed to do in march ?? They had to what had to be done to stabilize the financial markets.
When it floods, you open the floodgates to protect the dam and not worry about downstream affects. You worry about it later instead of risking the collapse of the Dam. You guys would have cried and bitched if the financial market collapsed and you cry if it doesn’t. What gives??
3b,
I think it’s obvious this handle is not me. Believe what you want. I was against crypto, I wasn’t buying.
Texas is a mess.
https://www.yahoo.com/news/texas-in-turmoil-and-no-one-is-taking-accountability-we-are-in-the-middle-of-a-humanitarian-crisis-001836836.html
Bingo. When someone is knocking down your door with a shotgun, we will see how much you like an economy that bottoms out and crashes.
notapumpsupporter says:
February 17, 2021 at 9:37 pm
3b, what did you want the fed to do in march ?? They had to what had to be done to stabilize the financial markets.
When it floods, you open the floodgates to protect the dam and not worry about downstream affects. You worry about it later instead of risking the collapse of the Dam. You guys would have cried and bitched if the financial market collapsed and you cry if it doesn’t. What gives??
I like how smug all of the Texas-holes are re: blackouts in CA which i can assure you are mild in comparison as we have what you would call a temperate climate. Who is smug now? Limbauuuugh? Limmmmbaaaaaugh!??
Smoking doesn’t cause cancer. Rush Limbaugh
Cancer: hold my beer.
If this was a blue state, what would be said right now. That’s the bs.
Hang in there, hope everything works out.
Hold my beer says:
February 17, 2021 at 9:42 pm
Texas is a mess.
https://www.yahoo.com/news/texas-in-turmoil-and-no-one-is-taking-accountability-we-are-in-the-middle-of-a-humanitarian-crisis-001836836.html
notapumpsupporter : Link and stellar? Is it something with the note sent out?
XRP is still available @ uphold.com
I have been doing the majors + ADA and DOT for the future. Perhaps should expand more like the ones you mentioned. I started in Apr slowly and ramped up more on crypto on Dec. Mostly BlockFi, getting 5-6% interest too, already up 3-4X now, it is only starting though. Today Blackrock admits they were dabbling into it too. This is real guys, too late to act now. Only can put unrealized cap gain tax, which will cause money flowing outside or cold wallets.
Today market was choppy, TSLA held on since Cathy bought a lot. I forgot to add DKNG and Cannabi. It is the future stimmy money flowing into gambling and weed.
Yes. the sky is falling apart. The oceans are eating all the land. Rhode island sized asteroids are falling from the sky. Volcanos are exploding. Yellowstone is about to explode. The end is near…
Guys, relax, chill… take it easy. It will be in 50s, day after in TX. take a break from being over-dramatic and take it easy.
In other news 50 people were killed in Philadelphia by other people..
https://www.radio.com/kywnewsradio/news/local/50-people-killed-in-philadelphia-in-first-month-of-2021
Hold my beer says:
February 17, 2021 at 9:42 pm
Texas is a mess.
https://www.yahoo.com/news/texas-in-turmoil-and-no-one-is-taking-accountability-we-are-in-the-middle-of-a-humanitarian-crisis-001836836.html
Lol…too funny.
“Tesla CEO Elon Musk slams Texas energy agency as unreliable: ‘not earning that R’
The Electricity Reliability Council of Texas is responsible for a massive power outage that has left millions without heat during a freezing winter storm.”
njtownhomer,
I’m not crypto expert and I have no clue… I guess I just got lucky for thinking I should give it a shot.. Instead of getting free advice from the so-called experts on this forum..
I would never play with more than fun money. The money you never check and never count as part of your portfolio. Only reason I’m holding to LTC is, it hasn;t reached its ATH since 2017. So I just think it has room to go. Chainlink its just my instincts
Hey doofus
People have no electricity, heat, water, food, and are homeless because their residences were destroyed by broken pipes. The government has admitted the food supply chain is broken and it is much worse than when covid hit. How will you magically replace all the lost livestock, crops, and orchards?
Some pretty bad burst pipe videos coming from Texas, they are now calling for plumber reinforcements from other states, could be a million water damaged homes there by now.
Seems nobody there knows how to shut off water either. I know exactly where my street shutoff at the meter is by the curb under the metal cover and the first shutoff valve after the water main enters the foundation wall, including all the faucet shut offs.
Also the amount of idiots bringing barbecues and outdoor propane heaters into their homes is staggering as well. Several carbon monoxide deaths and what seems like thousands of poisonings some even from running cars in garages too.
OK OK… its not a good situation but stop being over-dramatic. Everything will be fine in 48 hours.. Jesus Christ, for god’s sake this is the USA not some third world country. You will be fine. Just wrap a carpet around you and drink some beer and you will be fine.
Hold my beer says:
February 17, 2021 at 10:15 pm
Hey doofus
People have no electricity, heat, water, food, and are homeless because their residences were destroyed by broken pipes. The government has admitted the food supply chain is broken and it is much worse than when covid hit. How will you magically replace all the lost livestock, crops, and orchards?
Abbott looks to be the scapegoat. Beto is coming after him. This could be the catalyst to turn TX blue 2022 gov race.
njtownhomer,
I doubt..Beto will forgotten as soon as the temp reaches 50…
Pumps: maybe you are not him. But the style of writing and terms he or she uses is quite similar. Only grim knows for sure.
“Seems nobody there knows how to shut off water either.”
Isn’t that what husbands are for? Well, in NJ women just call the police department for that, along with squirrel removal, banging screen doors, or funny smells they don’t recognize.
I know exactly where my street shutoff at the meter is by the curb under the metal cover and the first shutoff valve after the water main enters the foundation wall, including all the faucet shut offs.
Of course you do Juice. It helps to be normal and have common sense.
Amazing how many with masters degrees would not know which way to turn a lug nut wrench in order to tighten the nut.
Amazing how many with masters degrees would not know which way to turn a lug nut wrench in order to tighten the nut.
A lot of the graduate students I worked with had no idea how any tools worked which really hampered them from building their own experiments on our laser table. I had to show 4.0 GPA chem grad how to use a socket wrench.
Beto is a thinner al gore. Couldn’t inspire a pig to roll in mud.
1. Desperate families in Texas take risks to keep warm. A power-grid shutdown during one of the coldest weeks in a generation has forced residents to resort to dangerous measures to get heat. The Austin Fire Department responded to fires at several houses and to several toxic-exposure calls from residents using charcoal indoors, as the blackouts continue with no estimate of when power might return.
2. The U.S. economic recovery is broadening. Consumers used stimulus checks to boost retail spending in January to its largest increase in seven months, a significant jump that comes as manufacturers continued to increase output and employers resumed hiring. Jobless data due this morning is expected to show that claims eased again last week.
3. Andrew Cuomo is probed over Covid in nursing facilities. Federal prosecutors have begun an investigation of how the New York governor’s administration handled the pandemic in the state’s nursing homes, where the death toll is about 50% higher than earlier reports.
4. Saudi Arabia plans to reverse oil cuts as prices rise. In a sign of growing confidence over an oil-price recovery, the world’s largest oil exporter said it will reverse a recent big production cut in April. Oil prices returned to pre-pandemic levels recently as vaccination programs make progress.
Exclusive icon. WSJ NEWS EXCLUSIVE
5. GameStop frenzy prompts SEC to consider new rules. The Securities and Exchange Commission is weighing whether to require more transparency in short selling and the opaque network of stock lending and borrowing that facilitates it. House lawmakers are due to meet today to discuss the dearth of short-sale data.
Exclusive icon. WSJ NEWS EXCLUSIVE
6. Two Boeing directors to step down. The departures have been under consideration in recent weeks and are part of an effort following the 737 MAX crisis to bring people with fresh perspectives onto the board, people familiar with the matter said.
7. Number of immigrant families illegally crossing U.S. border rises. Federal authorities and aid groups reported a sharp rise in families illegally crossing the Mexican border. Some migrants say they are coming in anticipation of less harsh treatment under the Biden administration.
The leaked video of Zuckerberg talking about the vaccine is the exact reason why people should be wary of big tech controlling any narrative of truth on any subject. The guy clearly doesn’t even have a solid understanding of high school biology but sees fit to censor published medical journal articles on medications related to the virus.
Looking Up
The U.S. economy’s recovery picked up as consumers used stimulus checks to boost retail spending in January. Retail sales, a measure of purchases at stores, at restaurants and online, jumped a seasonally adjusted 5.3% from a month earlier. The increase followed three months of decline during the holiday season and was the strongest gain since last June, when the economy was in the process of reopening from pandemic-related closures. Spending rose across the board, including in categories hit hard by social distancing and pandemic-related restrictions, such as bars and restaurants, Harriet Torry reports.
The Federal Reserve separately reported that industrial production, a measure of factory, mining and utility output, increased for the fourth straight month in January. Manufacturing, the biggest component of industrial production, rose to just below its pre-pandemic level.
While Covid-19 has continued to weigh on the economy and recent winter weather has caused disruptions, improving data, fresh government stimulus and eased Covid-19-related business restrictions have prompted some economists to upgrade gross domestic product estimates for the first quarter of the year. The Atlanta Fed’s GDPNow model on Wednesday tracked first-quarter growth at a 9.5% seasonally adjusted annual rate, up sharply from a 4.5% estimate a week ago.
BRT – No reason to think Zuck is an anti-vaxxer. He has made statements in favor of vaccination etc, posted a video of his child being vaccinated two years ago.
Questioning how the mRNA vaccine which is new technology is only a normal response even from the educated on the subject. What are the long term effects? Reality is nobody really knows either way.
I would love to know what Bob Woodward, Carl Bernstein think of the O’Keefe version of guerrilla journalism after all they invented it. I suspect that there is allot of Dark-Money funding O’Keefe and Veritas as they have no other income other than donations as it is a 501(c) a non-profit is not a traditional “news” organization for sure.
I don’t think he’s an antivaxxer, I do know that after watching that video clip, he either doesn’t understand how the vaccine works or didn’t even bother to try to learn. My post wasn’t to point out Zuck’s ideology or whatever, but that he is woefully unqualified to decide what discussion gets published and blacklisted on his sites. His site has actively removed published medical journal content on treatments for this virus. They always blame it on “algorithms”.
O’Keefe is a clown and always promises big things and never delivers. But the fact is, that 10 second clip of Zuck shows me how ignorant or ill informed he is on this issue.
There’s plenty of people that a pro-vax that have no idea how the vaccine works. I’m not interested in their opinions and I’m sure as heck no interested in allowing them to control content on the matter.
re Gamestop hearing today.
Too bad Peterffy is not testifying, this interview from yesterday is another gem from him.
Basically margin on shorts is not enough, and not enough transparency on shorts reporting is only twice a month.
Translation market manipulators are getting away with murdering companies, and the kids were right the brokerages had to halt buying and calls otherwise KABOOM!
4 minute video well worth the watch
https://www.cnbc.com/video/2021/02/17/interactive-brokers-thomas-peterffy-on-gamestop-hearing.html
BRT – This is just another chapter in the war over control if the internet. Moderation is really not a new problem it has existed since the beginning days of the internet. Anytime a group of people decide to discuss a topic any topic on a BBS, AOL Chatroom, Yahoo Group, Friendster, Myspace or Facebook it usually ends up going off the rails.
It’s only a matter of time before people find a new home. I would not be surprised if during the upcoming battles and perhaps all out war between Apple and FB that there isn’t a moment where Tim Cook considers removing FB from the Apple platform.
I remember the browser wars well, Gates had it in for Netscape and wrote the now infamous “The Internet Tidal Wave” memo in 1995 and he also railed against the rise of the JVM. Microsoft went all in to control the internet and they lost and lost big in public and in the courts.
This next chapter in war over control will go on the books for sure. Billions and even perhaps Trillions will be won and lost over the next few years.
Rolling natural gas outages might be next. If there’s a gas blackout, gas company has to come out to your house before you can get gas again. I got a text Tuesday night from the gas company warning about blackouts and to reduce gas use. Easy to reduce gas use with no electricity since you wouldn’t have heat. Also 12 million are without water or have to boil it.
https://www.wfaa.com/mobile/article/news/politics/inside-politics/natural-gas-supply-is-critically-low-in-texas-are-rolling-gas-outages-next/287-c9a7d623-3370-4182-8825-ed4ed1a44f95
Beer – They halted exports of natural gas from Texas. U.S. Constitution’s commerce clause lawsuits will becoming. The traders need to make their money first. One hub in Oklahoma was trading gas contracts up 24,000% percent since last week. That is not a typo. TWENTY FOUR THOUSAND PERCENT.
I would suggest everyone heating their home with natural gas to turn down the thermostat a few degrees ASAP unless you want to transfer some of your wealth to the gas producers.
https://www.dallasnews.com/business/energy/2021/02/17/jerry-jones-natural-gas-company-hits-jackpot-as-texas-freeze-drives-up-prices/
Juice,
Would have read that, too bad it’s behind a paywall.
Juice
I saw Governor Abbott signed an executive order stopping gas exports. Hopefully that will avoid natural gas blackouts. I don’t see how gas going up 24,000% is legal but if my local hardware store raised the price of a tank of propane for a grill by 20% that’s price gouging.
We have not had mail, garbage pickup, or a single amazon or UPS delivery on my street since Sunday. They are predicting the roads wont be safe until this Sunday. Apparently we are supposed to get something called cobblestone ice today and the icy roads will become even more dangerous. That’s where deep ruts are formed in the ice and slush and then refreeze. Never heard that term before
Poor Gary all he has left is identity politics and a sneaking suspicion he’s being short changed. Schmuck.
Phoenix – Chrome +Bypass Paywalls on Github.
Full list of pages it can acces is on the repo page here, includes NY Times, WAPO etc.
https://github.com/iamadamdev/bypass-paywalls-chrome/blob/master/README.md
10:12 sounds like Texas just lost the will to secede.
Cobblestone ice
https://www.nbcdfw.com/weather/weather-connection/cobblestone-ice-is-possible-this-week-as-road-conditions-are-expected-to-worsen/2556013/
Cobblestone ice is what you see when they dump sand and it freezes with the water and snow into small humps like moguls on a ski slope. You will be bouncing all around as you try and drive over it. Go too fast and you will lose control. Fast is like 10 MPH on that stuff. Stay home and stay warm….
Most paywalls I bypass just by disabling Java. I use Brave now.
People in the market have always battled to control the information. What is bad is that we have an alliance between big tech companies to exert monopolistic control over that process.
Identity politics? This whole administration is an exercise in identity quotas. Qualifications and merit are optional.
The left is pushing that agenda at all levels. School workplace the arts. Measuring talent or merit be damned. SAT tests are obsolete. Life experience is now being floated as a substitute for credentials.
Dilute or eliminate standards. Right out of the Marxist playbook.
BRT – There are a few Supreme Court challenges in the pipeline. Some with real merit. It will take time, always takes a few years.
This is what happens when your government is owned by those large corporations.
Back in the 90s, I remember reading where the FTC planned to come down hard on Mr. Softy for buying out every browser alternative and then shutting them down, much like they did with alternative DOS creators in the 70s and 80s. Microsoft threatened to move their headquarters and their billion dollar in taxes 100 miles north of Redmond to Canada. All of the pressure immediately subsided.
Boy, this porkulus is taking forever to come out. Anyone want to guess what percentage of the 1.9 trillion will go to Covid relief versus completely non Covid related pork projects like museums and bridges to nowhere? Especially now that the ban on earmarks are off?
This country is getting what it deserves.
Bitcoin has obviously replaced gold as the economic hedge of choice. It really wouldn’t take much for it to become the default currency. And with that, the end of the highly valued defense backed dollar.
Once the pantup Covid demand is spent, what’s next?
Hold My Beer,
Seen you senator Rafael Eduardo Cruz lately, oops he’s on the way to sunny, electrified, iffy on the drinking water Cancun
https://www.msn.com/en-us/news/politics/sen-ted-cruz-jets-out-to-sunny-cancun-as-texas-shivers-in-the-dark-report/ar-BB1dNtJc
BRT – Brave browser shares the same source code as the Chrome browser, and is compatible with Chrome extensions.
Anyway three main ways are as follows to bypass as an anonymous users on a soft paywall with no login session aka hard paywall).
1) Rerouting the Referer from the header
2) Spoofing as a google bot
3) Disabling cookies temporarily for the site
Google has been removing the plugins so the one I posted on Github will do the job for most sites.
And the ten-year continues its orderly climb turning the real estate refinance spigot off indefinitely. Which is the polar opposite, apparently, of a residential water main in Texas.
Anyone want to guess what percentage of the 1.9 trillion will go to Covid relief versus completely non Covid related pork projects like museums and bridges to nowhere?
Tunisian pans3xual research and examination studies?
Nah. Those are cheap. I’m talking real needs. Like a new Madison Square Garden. The Obama Museum in Chicago. We’ll finally get the new rail tunnel under the Hudson for the (now) empty trains too, I bet.
Turd – “this porkulus is taking forever to come out”
You betcha…..It’s stuck waiting for committees to meet and vote to advance the changes…No date or any kind of deadlines..
130 Billion for school re-opening? This is on top of the $64 billion already allocated? Why do we need to change expensive HVAC systems in schools? How about vaccinate everyone and we get on with life.
.We are now at 12.3% of the US population vaccinated. We are a long long way from herd immunity @ 70%.
10:36 F-ck the SAT
Everyone can cry about rising rates, but isn’t this a good thing? Is not this supposed to happen when economic growth seems highly likely? So let equity prices and real estate take a breather….even though I think there is so much demand for real estate, higher rates will coincide with rising home prices.
At the end of the day, the Fed already showed their hand. They will not let rates runaway.
Libturd says:
February 18, 2021 at 10:48 am
And the ten-year continues its orderly climb turning the real estate refinance spigot off indefinitely. Which is the polar opposite, apparently, of a residential water main in Texas.
Yes, a long way from herd immunity, though we both know the risks will continue to drop as both the numbers vaccinated increase and the seasonality drives people back outdoors.
Everything our government does is reactive and window dressing at best. They have become the masters of distributing the crumbs while gorging themselves on the cake.
As the Democrats bring back the easiest avenue for corruption in earmarks, they will be simultaneously passing a bill requiring income taxes be revealed by presidents and presidential candidates. We really are a banana republic. But don’t worry, you will all cash your soc1alist covid checks regardless of which party signed them.
Boy, this porkulus is taking forever to come out. Anyone want to guess what percentage of the 1.9 trillion will go to Covid relief versus completely non Covid related pork projects like museums and bridges to nowhere? Especially now that the ban on earmarks are off?
This country is getting what it deserves.
Bitcoin has obviously replaced gold as the economic hedge of choice. It really wouldn’t take much for it to become the default currency. And with that, the end of the highly valued defense backed dollar.
Once the pantup Covid demand is spent, what’s next?
I don’t think bitcoin or gold is going to be currency. But I clearly think the market has spoken and it’s the clear winner over everything. It beats the dollars, gold, and all other cryptos that may have been developed to be more functional. I think it’s just going to be an asset and a valuable one at that. But yes, it is people’s asset of choice. Basically, what I think happens long term is tokenization of everything seems to eliminate the need for dollars, which is a major issue for governments and central banks. Dollars will always be present, but they’ll be more like pesos.
It’s still considered a fringe investment from everyone I’ve talked to.
Stay home and stay warm….
I wish. No way for me to stay home.
Juice, will try to read that later, thanks.
Will check out Brave as well.
Not sure if you guys were following but Warren’s really good Anti-Corruption and Public Integrity Act was reintroduced back in December. Any tried and true Democrats want to bet me a bottle of Grim hooch that it doesn’t pass and is nothing more than window dressing?
The intended purpose of this bill is to slow the gravy train.
BRT,
Apple was a fringe investment for a very long time.
When you all want a good laugh, read the summary of this brilliant bill. It’s exactly what our country needs. It’s exactly what we will never get.
https://www.warren.senate.gov/download/master-summary-of-anti-corruption-act_-final
Turd re: “ten-year continues its orderly climb” Money coming off the sidelines is a good thing. We don’t need savings. What for? It does not pay and never will again in our lifetimes. Take the UST off the balance sheet and buy crypto for the company and for your retirement plan. What could go wrong?
Pay no attention to the Fed…..the can print and there are no consequence right? We did it for the children..
10 year is just another sign on the road…..Anyway the “unintended” and “nobody could have seen it coming”‘ “consequences”. We lead the rest of the Free World and the Not So Free places too. We print so then they print because well we said it’s ok we will just swap your trash currency for ours so you can settle your debts in dollars instead if dinars or whatever third world dictator is printed on your currency.
There are signs now of food inflation starting in other countries now. These tend to be export driven countries. Things happen first in the outer ring countries of concentric circles with the US in the middle. It will hit us last as we are the reserve currency.
Fun times ahead…
130 Billion for school re-opening? This is on top of the $64 billion already allocated?
We already know where the money is going. I’ll repeat what I said from the other day: My spouse is a Catholic School teacher. They’ve been in the classroom since September with no issues. They’re running circles around the public schools for half the cost while the public school unions continue to cry, whine and use covid porkulus as yet another perk and cushion for their bloated empire. Meanwhile, the Catholic School kids have gained yet another year up on the pudgy m1sfit muppets.
It’s catholic school. Compare apples to apples. I went to Catholic school till 8th grade. So don’t give me your bs.
Why don’t you advocate for better pay for your wife instead of the slave wages she is working for. You are patting your wife on the back for doing a job way below cost.
“They’re running circles around the public schools for half the cost”
Apple was a fringe investment for a very long time.
I think Kevin Oleary said that the state of Massetchussets prevented people from investing in apple in the 80s because of that. Listen, I’ve been a gold bug and inflation doomsayer for 17 years, and I watched Bitcoin when it was under $5. I never bought into the hype. But watching my gold stagnate while Bitcoin has taken all its thunder, I’m officially on board. I hated the idea of buying it while it’s priced $10k to $50k. I think the way the world’s central banks are going and the way corporations are going, there is a going to be a race to acquire all the bitcoins and just hold them as an asset. Paypal adding it to their interface gave it legitimacy.
And I do not worry about politicians trying to ban it. The companies putting it on their balance sheets are the same companies that grease the politicians hands. They come cheap. Besides, Sleepy Joe’s price for bribery was low. A few hundred thousand or a cool million to Hunter and you are good. The cat is out of the bag, no one is putting it back in.
Juice, we were in Philly this weekend. So many signs of inflation abound.
Though hotels are empty (and we got a special cancer card rate) the rack rate for the Inn at Penn was nearly $200 a night on a Sunday! We did not see another customer the entire time we were there. Got a large coffee at DD. It’s up to $3 with tax now. It used to $2.40. The Turnpike and GSP tolls would actually be more expensive than the gas you use to drive on them, but gas too has skyrocketed. Parking at a meter in Philly where there was no demand whatsoever? $2 an hour. We only learned this as we visited the Winterfest down at the river where they were charging $20 to park for the privilege of paying another $10 per person to go ice skating. Meanwhile bus after bus and train after train continue to run empty. There’s nothing sadder than seeing those accordion buses (double length) with noone but a driver in them. We did get a cup of crab fries at the fest for the gouged price of $9. Bt the time we left, we questioned if the bank sponsoring the event paid for the sponsorship or used it to supplement their earnings? After all, someone did have to pay for the free oversized rocking chair with I heart Philly stenciled on it. We also ordered a veggie stromboli, 4 mozzarella sticks and a caeser salad (no chicken) from a local pizza joint for dinner takeout. $44 before tip. This is not Manhattan. Never saw Philly so empty.
Eddie,
my local union’s position is the schools are safe and we’ve been back since Day 1. It’s given us an enormous amount of clout with the local community on any issues that have come up. The suburb unions that have fought to stay home are going to have a hard time with contract negotiations next round of collective bargaining.
The schools are safe. When they first opened them and allowed kids to go maskless, Covid spread like wildfire. Once they required full mask compliance, the number dropped to what is probably zero. There were a few claimed cased here and there, but the numbers were so low, chances are the Covid was spread outside of the school. It was always about the masks. If it weren’t, there wouldn’t be a health care worker alive today that didn’t get it. And those who used the mask and shields after the initial wave stayed nearly 100% free of it.
This is window dressing. Now might be a good time to invest in large commercial HVAC outfits that contribute to local mayors and county executives.
re: ” eliminate the need for dollars”
Yeah sure This Time It’s Different…….
ANY Crypto at best case will be run by the government for the government by the government. Anyone that acts otherwise will be cancelled. That includes entire nation states.
Right now Iran is bypassing our sanctions using crypto mining, that is why they have so many outages in their power grid as they mine away in an attempt to get Dollars. They don’t trade in Rial for a reason.
China banned new crypto for this reason, new ICOs were interfering with the existing oligopoly in Bitcoin. This is all done in dollars folks for a reason. You buying Crypto in dollars transfers huge money to the miners in China. China-based financial institutions are BANNED from any dealing and funding in cryptocurrency linked activities.
India is about to do a similar ban and they will create their own nation state crypto they same.
Treat it as a spectacle. The greater fool theory is in play here. Play with your casino chips in your pocket all you want you won’t be exchanging them for dollars if you stay at the casino too long.
https://www.forbes.com/sites/rogerhuang/2020/12/31/why-china-is-so-afraid-of-cryptocurrencies/?sh=2c519e932e67
re: ” eliminate the need for dollars”
Yeah sure This Time It’s Different…….
ANY Crypto at best case will be run by the government for the government by the government. Anyone that acts otherwise will be cancelled. That includes entire nation states.
Right now Iran is bypassing our sanctions using crypto mining, that is why they have so many outages in their power grid as they mine away in an attempt to get Dollars. They don’t trade in Rial for a reason.
China banned new crypto for this reason, new ICOs were interfering with the existing oligopoly in Bitcoin. This is all done in dollars folks for a reason. You buying Crypto in dollars transfers huge money to the miners in China. China-based financial institutions are BANNED from any dealing and funding in cryptocurrency linked activities.
India is about to do a similar ban and they will create their own nation state crypto they same.
Lib,
you want a gem of a sandwich in Philly, go check out Rocco’s Italian Sausage. They are literally inside the Home Depot. Not far from that, Shanks has an awesome chicken cutlet sandwich.
Maybe check out La Porta, by chef Peter McAndrews. Guy is my cooking hero.
Okay.
We simply didn’t have time or energy left. Yeah, we’ve had some great meals in that city. Lot’s of good food in fishtown too.
Treat Crypto as a spectacle. The greater fool theory is in play here. Play with your crypto casino chips in your pocket all you want you won’t be exchanging them for dollars if you stay at the casino too long. It will be like trying and cash in an old Trump casino chip if you wait too long.
China and India will lead the way. They don’t want your crypto folks. They will have their own and sooner than you think.
Meanwhile our politicians are busy gnashing their teeth because Trump escaped Justice again and are worried about replacing HVAC systems and reparations instead of vaccinating everyone.
https://www.forbes.com/sites/rogerhuang/2020/12/31/why-china-is-so-afraid-of-cryptocurrencies/?sh=2c519e932e67
Juice, that’s the next test. To see how those bans work. The fact that the network is decentralized is what makes this a fight that is difficult. To be honest, I don’t think the US government or the morons at the fed are smart enough to figure out how to fight technology.
Treat Crypto as a spectacle. The greater fool theory is in play here. Play with your crypto casino chips in your pocket all you want you won’t be exchanging them for dollars if you stay at the casino too long. It will be like trying and cash in an old Trump casino chip today..
China and India will lead the way. They don’t want your crypto folks. They will have their own nation state version and sooner than you you might realize.
Meanwhile our politicians are busy gnashing their teeth because Trump escaped Justice again and are worried about replacing HVAC systems and reparations hearings instead of vaccinating everyone. We should be leading where it counts, vaccinate and reopen get the economy roaring again. That is how you win.
Forbes article on China covers it well. They need to control the money….and will not have it any other way, off to reeducation if you think otherwise.
https://tinyurl.com/1wt6q38y
BRT – There is no test. There is no contest here.
China and India will lead the way. They won’t allow your cry*pto folks. They will have their own nation state version and sooner than you you might realize.
https://tinyurl.com/1wt6q38y
Holy moly. Rep. Maxine Water actually read out an intelligent opening for the GME congressional hearing. I was expecting much, much worse.
Ted Cruz isn’t a plumber. What is he supposed to do for Texas? I assume if he lobbied for federal aid, lefties would also be against that. He can do zoom meetings from Cancun just as well as from DC or Texas or Hawaii.
Let me know when I can pay my taxes with cryptocrap. Every year that is by far my biggest recurring flow of funds. The one thing that the MMT fools get right is that being the legal tender for taxes is what keeps people tied to fiat money and allows govt to abuse it.
Brt – quick question regarding colleges- are these highly priced small new England colleges worth it? Or: tufts, northeastern and the liberal arts schools ? Due to my real estate holdings they want me to pay full price(let’s call it 80k) for my kid vs just paying $35k for my kid to go to rutgers. She is looking at rutgers sciences and was accepted into rutgers engineering as well. Frankly I would rather spend the extra $180k on a great grad school for her. Thoughts?
BTW all the climate catastrophists should passionately hate bitcoin. It’s upkeep and “mining” is designed to burn tons of energy. While they are at it, streaming video is much less energy efficient than disc. So if you care about the earth buy your cuckold pron on Blu Ray, and pay with cash.
Took me 1 click in coinbase to sell my 50% LTC. Will take another click to get that back to my bank account and probably one more click to pay my taxes (almost 5 years worth of taxes)..
No One says:
February 18, 2021 at 12:27 pm
Let me know when I can pay my taxes with cryptocrap. Every year that is by far my biggest recurring flow of funds. The one thing that the MMT fools get right is that being the legal tender for taxes is what keeps people tied to fiat money and allows govt to abuse it.
Hearing is a snooze so far. DFV is up, he has a “hang in there” cat poster in the background with his red head band hanging off of it, but otherwise is not LARPing wearing a suit etc.
https://twitter.com/FSCDems/status/1362432609951834116
I was happy to see that I traded the GME hearing for a small win. In @ $45.51 x 10 sharess this morning; out @ 46.71 x 10 during DFV’s testimony. I was not bullish enough, it went over $47.
Walking,
BRT knows much more than I do, but in my field of finance, the Grad school matters more than undergrad. However the better undergrad school might open more doors for grad school and/or their first job on their career track.
I went to a mediocre large state school where no companies in my field recruited. So my career was almost stillborn. I was able to put it on a better track after graduating from a top 20 MBA program 9 years later.
So the big question is what opportunities one school opens or closes vs the other and making a guess of what’s that worth.
And also whether your kid will take full advantage of what the “better” school offers. And how much you value the cash saved.
“Holy moly. Rep. Maxine Water actually read out an intelligent opening for the GME congressional hearing. I was expecting much, much worse.”
Unwittingly or not, she did try to take away their opening statements. I’m betting on unwittingly, she’s so fcuking dumb that after decades in Congress she still doesn’t know how hearings run….
DFV….LOLOL….one of his first lines…”I am not cat”. I lost it. Red headband hanging on the cat poster.
And btw who the fcuk let in the Cato Institute at the last minute? In this Congress and with this Chairperson?
No one, thanks. I agree with what you say. My issue is I have 3 kids right behind this one as well so I can’t blow through $on one kid. The school she is looking at produces mostly thinktank type degrees, vs a practical degree in finance, engineering, business, pre med. They are also known to grade low forcing kids to have to go grad school to spruce up their gpa’s. Though they stated they were reviewing that policy. Ie: no one gets an A.
LOL….Rep Sherman is beating up Ken Griffin on the spread, best price vs enhanced pricing…. Mechanics of the market, pay for order flow or not paying for order flow etc who gets the better price?
Captain Cheapo says, some schools are worth the extra, but it is very profession centric.
You mention Tufts versus Rutgers. Tufts will get you a higher salary by 15K easy over Rutgers, unless your area of study is in something stupid, like teaching (sorry BRT) where credential matter a lot less. The big problem is guessing what career your kid will end up in. Especially considering that 50% of committed graduates end up in a career far different from what they majored in. I would also highly factor in your kid’s social skills (self confidence) and ability to perform in an interview. If your child is not a leader, it’s not likely he/she will become one in college. In this case, I would opt for paying more now and getting it back later.
Ultimately, it should be the kid’s choice, with an incentive for them to save money. That’s how we are doing it. If kid can afford Princeton and can get in, but instead decides Rutgers. Then, he can get the difference for a home downpayment when he gets out and proves he is grounded and responsible financially. Our son is amazing working with kids, is extremely independent, but has little self confidence. He is an incredibly hard worker, though, and a true student athlete. I’m hoping he ends up at a smaller private school where the price/college pedigree yields the best value and he can play some division 3 hockey to boot. Like a Lake Forest, or a Babson.
Vlad calls it a black swan and says they did not need to raise capital in the middle of the night do to liquidity issues.
Lib-
If your child is not a leader, it’s not likely he/she will become one in college. In this case, I would opt for paying more now and getting it back later.
Thanks for your thoughts. My girl is the same. Great hard worker, never missed a day of school in 4 years. Not the most confident unfortunately. Her getting into a difficult school was a boost for her.
https://jacobinmag.com/2020/05/andrew-cuomo-immunity-nursing-home-lobbyists-coronavirus-covid
Any comment Fab?
Lib: It will be Trumps fault, or someone else’s fault, or he will explain it away, no
matter how tortured of an explanation. But he will never, ever admit that Democrats can do anything wrong.
Brt – quick question regarding colleges- are these highly priced small new England colleges worth it? Or: tufts, northeastern and the liberal arts schools ? Due to my real estate holdings they want me to pay full price(let’s call it 80k) for my kid vs just paying $35k for my kid to go to rutgers. She is looking at rutgers sciences and was accepted into rutgers engineering as well. Frankly I would rather spend the extra $180k on a great grad school for her. Thoughts?
Walking, if she is planning grad school, I would say go the Rutgers route. If she’s in science or engineering, you won’t have to save money for grad school. It’s free in hard sciences or engineering. When I went to grad school for Physical Chemistry, I was paid 20k to 30k a year stipend, had health insurance, and was given free tuition in exchange for TAing. The females were on better stipend. $35k a year no TAing required.
Moreover, the fact that she’s a female engineer, if she goes to grad school, she has it made and will be awarded great fellowships just for entering the program. If she maintains a 3.6 or higher, she can easily get into MIT or Harvard grad school. 2 girls in my lab were just above average IMO and one ended up at MIT the other at Harvard grad. The girls at Rutgers, the few there were in our Physics and Chemistry programs were all ending up at top grad programs. They aren’t that competitive, especially if you are a female, black, or hispanic.
So, IMO in sciences/engineering, Rutgers is actually better than the other smaller New England school options. They have tens of millions of dollars in research grants flowing through those buildings. Rutgers is a research powerhouse and your daughter would easily obtain a good research position as an undergrad.
You mention Tufts versus Rutgers. Tufts will get you a higher salary by 15K easy over Rutgers, unless your area of study is in something stupid, like teaching (sorry BRT) where credential matter a lot less.
Ouch, he hits Rutgers and teaching at the same time. Double whammy. Don’t worry, my area of study was never teaching. I just ended up in it after the 2008 crash sent all my potential jobs away.
“Boy, this porkulus is taking forever to come out. Anyone want to guess what percentage of the 1.9 trillion will go to Covid relief versus completely non Covid related pork projects like museums and bridges to nowhere? Especially now that the ban on earmarks are off?
This country is getting what it deserves.”
C’mon Lib, I’d thought you’d be happy….the mean Orange Man who said nasty things is gone….that’s all that mattered, right?
“And the ten-year continues its orderly climb…”
“At the end of the day, the Fed already showed their hand. They will not let rates runaway.”
JFC, at least read all the WSJ cut and paste you subject us to. Or go back to USA Today.
You do understand the Fed has little control over the long end of the curve, and have read the most recent Fed statement regarding their monetary views?
“ANY Crypto at best case will be run by the government for the government by the government. Anyone that acts otherwise will be cancelled. That includes entire nation states.”
You mean kinda like a defenseless desert state run by a third rate dictator who intended to price their oil output in Euro?
It’s likelier that front line workers who didn’t “catch” covid were asymptotic or have a natural immunity than a mask prevented it. This thing is mutating and hiding just like the common cold. It’s not going anywhere. But wear a piece of cloth o your face for the rest of your like if you want.
In late breaking news….Rush Limbaugh is still dead.
I must be naturally immune as well as my inlaws too. Wait. Mother in law in nursing home got it. Wait. Another case of someone without masks getting it. It’s not a trend. But go with Trump science where the art of the deal is mainly to declare bankruptcy.
And Left. Always said Biden would be nearly as bad. Never denied this. At the end of the day, they are all bad. Only difference really is positions on social issues, which too, aren’t really that different when you break free from their narratives.
“So the big question is what opportunities one school opens or closes vs the other and making a guess of what’s that worth. And also whether your kid will take full advantage of what the “better” school offers”
Agree wholeheartedly here. Some random additional thoughts….
On doors opening, who is your child? Meaning, they can’t tell you what they want for a career, they have no idea even if they say they do…but from their personality who are they? Is your child going to reach and leave everything on the table? Or are they just really good?
It matters…At the top of the pyramid you would be surprised how high and how tight the starting comp is, so much so starting comp is non-issue….forget Tufts v. Rutgers and any salary differentiation at that level…the comp as a first year IB analyst is nearly uniform and basically non-negotiable, and that is across firms not just within. The difference is the Rutgers grad would not even get a look regardless of grades. For the super competitive professions – the ones where you need the desire to leave it all on the table not just to get in but to stay and succeed – having the highest and best school and being successful there is critical.
If your kid does not fit the mold of having the attitude and ability to come out on top at a top school and carry that forward into their career in a field that demands it, then the options open up. A 4.0 at Rutgers vs. a 3.1 at Tufts may in fact be undifferentiated in comp and hiring. Or slightly differentiated. But the opportunity available to both grads.
Obviously, there are dozens of caveats to the above. I have a child who is in the workforce now with a CS degree from a top ten engineering school. Can speak to GPA requirements for hiring in that field, starting comp, and the influence on both of coming from an engineering vs. a liberal arts angle. He had the opportunity when looking at schools to go the full spectrum, liberal arts through engineering, and his college house was mostly CS with kids from both backgrounds at the University (liberal arts and engineering) going through the interview process…
One caveat, wherever your child lands in a more demanding career, performance nearly always matters more than school almost immediately.
Last caveat, and the largest, is the you-just-don’t-know factor. Both positive and negative, future factors outside their control have a high likelihood of having the largest impact. The macro environment like market crashes, major pandemics, industries in full throttle wide open mode, etc. all have a greater influence than the exact lettering on the lambskin for your child’s future success.
Bottom line, neither you nor your child has the ability to engineer their future outcome so just do the best to align who they are with where they may want to go in life.
Leftwing you had me until you sprinkled rainbows and stars into your last paragraph and just do what feels good, sounds like the stuff I saw them spew out at the brown college fairs “we don’t have a curriculum, we have you make it up with what interests you” . Kidding thanks.
BRT – THANKS For some of the insight as well into rutgers and the grad school outcomes
People who are in closer quarters, schools, meat packing plants, prisons, homeless shelters etc… are far more likely to be asymptomatic from many studies. The explanation is likely a simple one. They likely have some low level immunity being exposed to common cold with the same spike.
Walking, no problem, I just saved you $180k in grad school tuition =).
Side note, grad school for PhD candidates is free, not masters. But the trick is, enter the PhD program, get them to pay you, then leave with your masters if that was the route intended. It’s not even frowned upon.
Walking, yes, maybe….but if you know one thing from me I am not a rainbow or stars kind of guy…nor Brown ;)
Translating into something tangible….I never asked my kids during the college selection process “where do you want to go” regarding schools. Why? They don’t fcuking know, lol. They have zero idea of what college is and what it means, and what they do have is from friends or siblings who focus on what is important to an 18 year old newly released from their childhood bedroom…usually personal freedom.
What I did focus on was who they were, from my knowledge and their desires. Your child’s success will be driven in large part on how comfortable they are….if they are totally alienated because of the anonymity of a large, highly ranked institution in a climate that keeps them inside most of the academic year in a location far from home they’re struggling to return a 3.0. Reverse each of the above she can cut right through a 4.0 at a Connecticut NESCAC.
You know who your child is even better than they do, at least in the context of looking forward. You have the advantage of taking what you have observed from them growing up – where they have been successful, what they enjoy, when they do well – and merging it with your decades of experience in the work environment to be able to project a view of career types that may fit her well.
What does she know about what career she wants? Zero. She has no knowledge of what any career entails, and most people already working in their 20s don’t know exactly what they want. What she wants to do for her first job? Same, she doesn’t have the information or the analytical skillset to arrive at a conclusion if she did. What school she wants to go to? Similar, she has some knowledge and some skillset, but most of it derives from her 19 year old friends. I doubt you want a main determining factor of where your daughter goes to school to be based on the collective opinion of a group of 19 year old girls.
So, maybe it is all unicorn farts, but I’ll repeat the advice…neither you nor your child has the ability to engineer their future outcome so just do the best to align who they are with where they may want to go in life.
It will give them the greatest chance at being content and confident, both of which are precursors to success. And even if the ‘success’ never comes at least you have a content and confident child. That doesn’t suck.
Schools are where you meet people. Networking opportunities are lifetime.
Left:I would say a content and confident child would be an excellent way to define success.
LW,
Your post is a home run.
Well, obviously Maxine Waters was never going to actually do anything right. So inept, she has to being doing this stuff on purpose.
She didn’t mute her Zoom, so AOC got her questions interrupted. Then, AOC asked THE question (“Mr. Plotkin, you said you didn’t naked short of GME? and, you closed out youe position on which date?”) and Waters says AOC’s time’s out.
Great Advice BRT. Teaching kicks ass. There I said it. I love the friends and money I made in private industry. But I have met more great “people” in education. Just the best. I think one day money and station will improve for teachers. It’s been a steady second income in my household thankfully.
Lib my main comment is that it shows how much the left hate Cuomo.
When I saw Jacoby and Myers in that piece it made me wonder how the GOP will play this. They would have to go after Cuomo for giving the nursing homes their own version of Tort Reform.
The Dems have shown consistently they will clean house if they need to. Look at Cuomos predecessor Spitzer. Also Al Franken took a short walk while the GOP will leave anyone in office from MTG, Scott Walker and Gym Jordan. I’m really enjoying Ted Cruz doing the walk of shame back from Spring Break.
I suppose it goes back to 3Bs question of hypocrisy with the Dems. I would say there is a little, but this is for the most part it’s politics as usual.
Crushed,
Is that the same AOC who was called “ill-informed, “low-IQ” etc in here a few weeks back?
“Perhaps you should actually listen to her when she speaks. Listen to her during various Congressional hearings and the questions she asks. She is an embarrassment. She is clueless on just about any topic she opines on. ”
Seems like she had some smart questions today.
Even a broken clock is right twice a day.
7:55 I try but I am distracted by her voice, her teeth, and her tatas.
Skittish investors are looking for a stock market correction under every rock and in every crevice. There just isn’t one to be found.
Maybe one is developing though. Stock futures are down Thursday. Tech is getting hit hardest. Nasdaq futures are down about 0.7%. If tech stocks finish lower Thursday it will be the third day in a row.
If that happens, investors will gasp and market strategists will renew calls of a coming correction—usually defined as a drop of at least 10% from market highs.
The reasons don’t seem to be a coming recession or earnings shortfall. Correction fears are up because the market has done well for about 10 months. The Nasdaq is up 111% from its March 52-week low. For some, that is too much of a good thing.
But calling current weakness the start of a correction is a stretch. The Nasdaq is roughly 2% off its all-time high. The end of January’s “correction,” when the Nasdaq dropped 3.5% in the final week of the month, was followed by a 6% rally the first week of February.
RBC equity strategist Lori Calvasina points out that initial recoveries from recessionary lows usually last about 10 months. Then there is a couple of months of sideways stock trading, followed by a dip. A correction could come in spring.
But even Calvasina isn’t all that worried. “My assumption is that we’ll see a continuation of the recovery rather than a double-dip recession,” she told Barron’s Ben Levisohn recently.
Calvasina thinks investors should buy the dip.
—Al Root Barron’s
Masks are great for one thing. Self identifying to other collectivist sheeple.
My neighbor hung a banner the Big Name Non Ivy sent him for his daughters acceptance. Add in the kid he has at Fordham, and he has to be paying some serious coin.
Lots of good advice in here. I would add a few things. I didn’t go through the US system so I’m looking at this from the outside.
The 60 credits of General Curriculum is nuts. You are paying for what you should have learned in high school. Do what you can in High School. Someone way back (Maybe Kettle) posted a great piece on how to do this with High School equivalence and enrolling your kid in CC evening class. The overall message was crank out a 4.0 in CC or a good cheap public for the first two years and then transfer in for the name. At that point you are paying the name for the specialty.
I have never worked for an IB, but I’ve been through the doors of most of them. Some for multi-year placements. Getting recruited by them is a golden ticket for some and burn out for a lot of others. If you are MIT math and a quant, that’s a lot different from the rest of the business. Add in the joy of the 5-10% cull and I know a lot of ex-IB. While I didn’t get the money, I didn’t have to deal with the hours. If they wanted extra they had to to pay it and department budgets only go so far.
On the other side, I know a lot of people that have gone in the back door. Good people that have gone on to have long careers. I’ve had a lot of offers, usually about 3 weeks after I left a placement I would get a call. Come back great package and if I had moved to another country a relocation package. Always passed it up and have not regretted it. I’ve had a great career so far.
I still don’t understand the whole Greek thing. From what I’ve see most people come out of college with a few great friends that for the most part have no impact on their career. So unless Blutos dad is getting you an interview with a white shoe, they have no impact on your career. On the downside, how many calls do you get from people that don’t fit the role.
Fab at 7:55 . . .
To me, AOC asks very good questions in committee hearings, based on what I’ve seen. My sample size is likely very random, but I’ve always felt that her questions indicated that she was more prepared than the typical congressperson.
“Masks are great for one thing. Self identifying to other collectivist sheeple.”
Masked women get me h0rny. Something about it, I don’t know. Have to bring it into the BR somehow.
Phoenix, TY on compliment.
Fab: I did not listen to AOC today so I will take the word of you and crushed. Perhaps she is finally making an effort and actually educating herself on a particular subject matter. She has not in the past, and has certainly made herself look quite foolish and yes I’ll informed as well as ignorant. If she had a counterpart who was a Republican you would ridicule her. However, since she is a Democrat you will not.
Another Covid death in the family. This time a Texan from Midland, 80 yrs old with loads of health issues. His old friend came to visit and apparently brought Covid with him. They are both now dead, and neither were vaccinated. His wife is our cousin she had her first shot a few weeks ago, it may have saved her, so far anyway.
re:”Masked women get me h0rny”
You and Phoenix should perhaps take a Spring Break in Pakistan. No shortage of masked women there. I bet a few are real stunners too……
Meanwhile someone not in Cancun
@BetoORourke
We made over 151,000 calls to senior citizens in Texas tonight. One of our vols talked to a man stranded at home w/out power in Killeen, hadn’t eaten in 2 days, got him a ride to a warming center and a hot meal. Help us reach more people, join us tomorrow:
https://twitter.com/BetoORourke/status/1362280019863564291
3b,
A few months into her stint in congress she was putting Jamie D and half of Wall St through the wringer. Is she up to the level of Katie Porter or Kamala? No, but she’s getting there. It’s not a lack of education, she knows what she’s asking.
Not sure what you issue with her really is and why she triggers you, But I’m sure you are going to be on the wrong side of this one for a long time.
If anyone is talking to Clot, please pass this on with my comment of:
“If it wasn’t for those Pesky Kids, the Toon would be the Pride of the North!”
https://www.mirror.co.uk/sport/football/news/sunderland-takeover-complete-billionaire-owner-23524823
AOC is fine she has loads and loads of experience to be on the House Finance Committee. It’s actually a perfect fit for Wall St, as she could write Dodd Frank 2.0 over a weekend on Instagram…Reality is they all have great advisors to write great questions, they just read the script.
Anyway, I know a few questions that should have been asked.
Simple ones about margin and leverage. Example.. Why can’t the retail investor borrow at Libor rates for example 6 month at 0.20 plus spread?
My humble opinion is Wall St is happy that committee does not even have the chops other than to pick a few pockets.
The Fed does not pass on the savings to you. You will pay more whether you like it or not. Pick your poison. Higher Asset Price or Higher interest Rate..
Glug glug…drink up..
Fab he is active on FB…So do it yourself.
https://www.ithaca.com/news/ithaca/from-the-grapevine/article_e9315cea-0e4d-11eb-8606-a3e65a6c0fcb.html
Why can’t the retail investor borrow at Libor rates for example 6 month at 0.20 plus spread?
Would you really ask a question that dumb?
Juice,
Will not step on his professional world, so wont reach out through the company, On the backend I keep my FB very tight and will not open that up.
Biden has a master plan to get the kids back to school by the first 100 days of him taking office. Their target was “at least 1 day a week”. So, that’s about May 1st. What, is he going to get the kids 3 days of school before they let out for the summer?
Top Shade of the day.
Bill Corbett
@BillCorbett
To Rush Limbaugh fans, I just wanted to say: I see you, I hear you, I understand your pain, I enjoy it
Add in the Trump Plaza Implosion and this is turning into an awesome week!
Fab – The questions asked were the wrong ones. LIBOR has been subject to manipulation and scandal, making it less credible today than ever as a benchmark rate and that is why it’s being replaced.
Why cannot I lend my assets and get the cheaper rate?
You wanna talk disruption? Bitcoin and Robinhood are a sneeze compared to giving out those super low rates of lending.
0.11 for a month? You are kidding me this is free money, I can borrow and go long/short on all kinds of investments etc?
“LIBOR has been subject to manipulation and scandal, making it less credible today than ever as a benchmark rate” and “Why cannot I lend my assets and get the cheaper rate?”
First off you want to put Retail into that.? Thats why we have most Retail banking regulation in the first place.
Why cant You lend your assets to get a cheaper rate. First you saw what every broker did with GME if they didn’t have a boilerplate agreement in place.
But the bigger issue is, actually you are getting Libor, but when it gets down to the retail level its not 20bps. Vig has been added up and down the chain.
I think the mistake you are making is confusing ,YOU Juice, the retail investor, from Joe Public.
“re:”Masked women get me h0rny”
You and Phoenix should perhaps take a Spring Break in Pakistan. No shortage of masked women there. I bet a few are real stunners too……”
I have to look at naked women every day. And men.
Trust me when you do you learn to appreciate clothing.
And for me, the minimum starts with a set of straight teeth.
Nothing turns me off more than someone that is able to eat an ear of corn through a picket fence.
If I were ever to hit the lottery big I’d spend a huge chunk on it donating to children so they don’t have to go through life with crooked teeth. That should not happen in America.
People on variable electricity plans are getting hosed
https://www.wfaa.com/article/money/business/right-on-the-money/how-in-the-world-can-anyone-pay-that-some-seeing-electric-bills-as-high-as-17k-in-wake-of-texas-winter-storm/287-14a54a65-39cb-4d1c-931c-0d003002f529
Bill Corbett
@BillCorbett
To Rush Limbaugh fans, I just wanted to say: I see you, I hear you, I understand your pain, I enjoy it
Yet, another example of why l1berals suffer from a series of neurodevelopmental disorders. Such a flawed, weak and delicate breed… the antithesis of what defines human nature and human condition. A l1beral doesn’t know they have an affliction so they lash out to shield their fears; being alone and helpless in an indifferent and unfamiliar world, the nightmare of an abandoned, terrified child. Even a child of sound mind will eventually summon the courage to overcome; the adult l1beral never will.
Yeah, I have no idea who Bill Corbet is but a very weird comment for someone to make if he has any kind of public profile. Kinda sad.
7:25 Limbaugh was human excrement .
Serious question: why is the GOP so filled with imbeciles?
Compare the GOP reps to the DEMs in every case the DEMs are the ones with stellar schools and achievements in their portfolios. The GOP elects high school drop outs and complete fools.
You mean the gun toting waitress type become US Congresswoman a month after obtaining her GED? She was a former Democrat to boot. Her 15 years of working in a local McDonald’s is perfect prep for the job. Happy meals for all.
“We think it’s very important to have a big package [that] addresses the pain this has caused – 15 million Americans behind on their rent, 24 million adults and 12 million children who don’t have enough to eat, small businesses failing,” Yellen told CNBC’s Sara Eisen during a “Closing Bell” interview.
“I think the price of doing too little is much higher than the price of doing something big. We think that the benefits will far outweigh the costs in the longer run,” she added.
The stock market’s rally to records has stalled a bit this week as fears of rising rates and higher inflation crept in. The S&P 500 fell for a third straight day on Thursday after a worse-than-expected reading on jobless claims as well as weak guidance from Walmart. The 10-year Treasury yield this week rose to the highest in nearly a year, though on Friday was still at only 1.30%.
Yellen said she doesn’t believe inflation should be the biggest concern.
“Inflation has been very low for over a decade, and you know it’s a risk, but it’s a risk that the Federal Reserve and others have tools to address,” she said. “The greater risk is of scarring the people, having this pandemic take a permanent lifelong toll on their lives and livelihoods.”
Many on Wall Street agree with Yellen that a large stimulus is needed and that a trillion-dollar package, along with a smooth economic reopening this year, will cause the market rally to continue.
Man, we are blessed to have people like Yellen as a treasury secretary that get it and act on it. Thank you for the great job you and the fed have done and continue to do. Outstanding job!! Can’t say that enough.
“Compare the GOP reps to the DEMs in every case the DEMs are the ones with stellar schools and achievements in their portfolios. The GOP elects high school drop outs and complete fools.”
LOLOLOL. Did you even watch the testimony yesterday? Waters is an imbecile, Scott isn’t qualified to manage a McDonalds.
I will agree idiocy is a common trait across many Congesscritters, regardless of party affiliation.
I tried to find a good clip on Youtube from Billions, couldn’t, but it is Chuck Rhoades discussing his political future with his father and in it he makes a priceless description of the House.
BTW, WTF in the world was Cruz thinking? Yeah, package up the family and send them away but yourself? JFC…..
Fab:AOC does not trigger me as you say. It’s her arrogance and her lack of knowledge that I have issues with. She should choose one area and learn as much as she can before grilling people in subject matters she knows little to nothing about. All the great question writers in the world can’t change that. As for being on the wrong side , wrong side of what? Am I expecting that she will be gone at some point?No. I expect she will be in DC for decades like the rest of them.
She is a celebrity and she will be in DC for life. All she cares about is followers, retweets, and likes. She loves making headlines. She isn’t a politician. All her proposals are shot down. She basically contributes nothing to our govt. The only thing she did was scare Amazon away from her district.
“Am I expecting that she will be gone at some point?No. I expect she will be in DC for decades like the rest of them.”
We are paying her 170k a year to build her brand. What a joke.
Pumpkin,
Go BIG or Go HOME..
The Great Pumpkin says:
February 19, 2021 at 8:53 am
Man, we are blessed to have people like Yellen as a treasury secretary that get it and act on it. Thank you for the great job you and the fed have done and continue to do. Outstanding job!! Can’t say that enough.
I have mentioned how it works in DC. Legislation does not get anywhere if you are fringe. AOC’s legislative career so far is 21 Bills to name parks, post offices etc, and co-signed one bill for IRS fairness. The only real accomplishment to her credit would be destroying 40,000 high paying Amazon jobs by tanking their bid to build a campus in Queens and IN the part of Queens that is her district. Literally Billions in tax revenue for NYC and NY State we lost to Virginia. No worries though her EGO is so big she sees Amazon dropping their plans to build a campus in Queens as victory and brags about it, you know she stopped the gentrification of the neighborhood and all!
You are ranked in DC on legislation passed and the ability to build consensus to get it done. AOC ranks nowhere compared to the other Congresswomen you have never heard from simply because they aren’t drama queens. They were there on January 6th too however they don’t act like Teenagers in Instagram, they work hard to get the job that is a difficult one done, and don’t spend their days spinning their wheels and going nowhere by using using her drama “trauma” as a cudgel against other politicians.
Watching congressional hearings yesterday was painful. Watching them try to figure out how to run a meeting without feedback and echos every 5 seconds. Even the older teachers in our school figured this one out in about 5 minutes. These are the people running the country.
Clot is the NJ RE Report GOAT by a lot.
Huge loss when he phased out of here.
Juice Box says:
February 18, 2021 at 11:05 pm
Fab he is active on FB…So do it yourself.
https://www.ithaca.com/news/ithaca/from-the-grapevine/article_e9315cea-0e4d-11eb-8606-a3e65a6c0fcb.html
“You are ranked in DC on legislation passed and the ability to build consensus to get it done.”
Sure. If you are happy with the establishment that is absolutely destroying our country for their personal gain.
Let me know when Warren’s bill passes?
BRT- There is no reason for Congress to have remote meetings anymore, they were all vaccinated, infract they were all deemed essential so they jumped the entire line and were vaccinated before Christmas break. None of them will now die from Covid. They are deemed essential and should be back doing their jobs in DC in person, just like every other essential worker who has to show up at a hospital or the grocery store.
Besides how can you interrupt someone from the other party to grandstand during questioning if there is a mute button?
Where any Congressmen conferencing from Cancun?
7:25 “… being alone and helpless in an indifferent and unfamiliar world, the nightmare of an abandoned, terrified child…” Catholic education on display I see. Kiddie fiddlers.
Juice, totally agree with everything in your post including the line below….
“You are ranked in DC on legislation passed and the ability to build consensus to get it done.”…….BUT
You are elected locally.
Lib – Which one? If you go back and look at her scorecards for years past she is a legislative powerhouse.
https://www.govtrack.us/congress/members/elizabeth_warren/412542/report-card/2020
I would say LOL simply for fellating poliiticians like that. They are lowlifes by and large. There aren’t credentials afaik. Degrees are worth less than in a profession. Particularly useless are the politicians who career politicians. Complete mind rot. Let’s not forget too democrats spent the past four years obsessing over hoaxes.
Walking:
If restricted to professionals, I may register anyway and could forward to you.
Regardless, the speaker is tremendous and I would recommend buying any updated resource she puts out there given your objectives.
http://news.horsesmouth.com/collegeplan?spMailingID=44475971&spUserID=ODkwMDU5MTMzNjI3S0&spJobID=1941749057&spReportId=MTk0MTc0OTA1NwS2
Chi,
Wish something like that could help me in the future, but cannot control what an ex freak does- another thing not talked about. I know for a fact she has made some stupid moves that will cost my child and me heavily in the future for college. Gonna have to wing it now.
And damn, what was Cruz thinking? Did he really believe he was going to pull that off? He is now with Chris Christie on the beach in memes. Good dad bull? No one is buying that.
Well, he won’t really suffer. He is wealthy enough to sail off into the sunset.
Left I am speaking of advancing policy goals not getting elected. Being a social media star will get you votes but not much else. Getting co-sponsorship shows a willingness to work with others, it’s is obvious to anyone keeping score down in DC, nobody wants to work with her. As I have mentioned I don’t think she and Pelosi are even on speaking terms like “Good Morning” in over a year.
You cannot go it alone, the framers designed it that way. You also have to phonebank and fundraise for others in the party. She refuses to do even that hard work for the Dem party, and it shows she is more aligned with Bernie as he is really an independent anyway.
Anyway we all know the voters in her district won’t vote for anyone else. Just as it was before her when the Irish controlled that part of the Bronx and Queens. AOC replaced Joe Crowley who was there for 20 years and he was at every Irish American party and fundraiser, nice guy and knew how to work the system. The Irish in NY kept him and his predecessor in power for a long time all the way back to Geraldine Ferraro.
We always wondered when the Puerto Ricans would take the seat. They had the votes for decades really, since perhaps the 1970s but weren’t political active enough to win it.
So now they have one of their own. Let’s see where it goes…I would say nowhere until she starts working with others down in DC from different states and districts all with their own agenda. Co-sponsorship is the only way it works, she will have to change to be successful. We shall see.
Chi thinks she is going to dump her Irish boyfriend and go in for a rich ballplayer. Maybe…..
Rank choice voting. All states. It’s what is needed.
http://njar-public.stats.10kresearch.com/docs/lmu/x/EntireState?src=page
The facts arrived. In 2020, New Jersey home prices rose 15%. Where is the analysis? It does not exist.
Spectacular job. Keep going New Jersey.
Cruz vs. Christie. I think Christie’s meme power on his beach was far more powerful. You had his fat behind sitting in the chair looking stupid.
Speaking of AOC. She will come out swinging any moment at Sleepy Joe. For you see he just broke his promise, his administration just issued new guidance to ICE, catch and release is done, we are going back to the Obama era rules catch and deport.
New undocumented immigrants are subject to immediate deportation. That’s a HUGE departure from what Biden promised and has nothing to do with public safety or criminal law. Being undocumented is only a civil offense.
The facts arrived. In 2020, New Jersey home prices rose 15%. Where is the analysis? It does not exist.
Spectacular job. Keep going New Jersey.
I had a good friend who built a home in the Poconos in a lake community about 6 years ago. He moved out of NJ at retirement and split his time between Florida and Poconos. He came back from Florida every spring/summer. He said the New Yorkers and Philly people were fleeing and entered that community bidding up all the homes. So he listed his home just to see what he could get and it sold in two days from a bidding war. So he cashed out. He originally bought the land for $5k.
Herd Immunity by April?
https://www.wsj.com/articles/well-have-herd-immunity-by-april-11613669731
Amid the dire Covid warnings, one crucial fact has been largely ignored: Cases are down 77% over the past six weeks. If a medication slashed cases by 77%, we’d call it a miracle pill. Why is the number of cases plummeting much faster than experts predicted?
In large part because natural immunity from prior infection is far more common than can be measured by testing. Testing has been capturing only from 10% to 25% of infections, depending on when during the pandemic someone got the virus. Applying a time-weighted case capture average of 1 in 6.5 to the cumulative 28 million confirmed cases would mean about 55% of Americans have natural immunity.
Now add people getting vaccinated. As of this week, 15% of Americans have received the vaccine, and the figure is rising fast. Former Food and Drug Commissioner Scott Gottlieb estimates 250 million doses will have been delivered to some 150 million people by the end of March.
There is reason to think the country is racing toward an extremely low level of infection. As more people have been infected, most of whom have mild or no symptoms, there are fewer Americans left to be infected. At the current trajectory, I expect Covid will be mostly gone by April, allowing Americans to resume normal life.
Antibody studies almost certainly underestimate natural immunity. Antibody testing doesn’t capture antigen-specific T-cells, which develop “memory” once they are activated by the virus. Survivors of the 1918 Spanish flu were found in 2008—90 years later—to have memory cells still able to produce neutralizing antibodies.
Researchers at Sweden’s Karolinska Institute found that the percentage of people mounting a T-cell response after mild or asymptomatic Covid-19 infection consistently exceeded the percentage with detectable antibodies. T-cell immunity was even present in people who were exposed to infected family members but never developed symptoms. A group of U.K. scientists in September pointed out that the medical community may be under-appreciating the prevalence of immunity from activated T-cells.
Covid-19 deaths in the U.S. would also suggest much broader immunity than recognized. About 1 in 600 Americans has died of Covid-19, which translates to a population fatality rate of about 0.15%. The Covid-19 infection fatality rate is about 0.23%. These numbers indicate that roughly two-thirds of the U.S. population has had the infection.
In my own conversations with medical experts, I have noticed that they too often dismiss natural immunity, arguing that we don’t have data. The data certainly doesn’t fit the classic randomized-controlled-trial model of the old-guard medical establishment. There’s no control group. But the observational data is compelling.
I have argued for months that we could save more American lives if those with prior Covid-19 infection forgo vaccines until all vulnerable seniors get their first dose. Several studies demonstrate that natural immunity should protect those who had Covid-19 until more vaccines are available. Half my friends in the medical community told me: Good idea. The other half said there isn’t enough data on natural immunity, despite the fact that reinfections have occurred in less than 1% of people—and when they do occur, the cases are mild.
But the consistent and rapid decline in daily cases since Jan. 8 can be explained only by natural immunity. Behavior didn’t suddenly improve over the holidays; Americans traveled more over Christmas than they had since March. Vaccines also don’t explain the steep decline in January. Vaccination rates were low and they take weeks to kick in.
My prediction that Covid-19 will be mostly gone by April is based on laboratory data, mathematical data, published literature and conversations with experts. But it’s also based on direct observation of how hard testing has been to get, especially for the poor. If you live in a wealthy community where worried people are vigilant about getting tested, you might think that most infections are captured by testing. But if you have seen the many barriers to testing for low-income Americans, you might think that very few infections have been captured at testing centers. Keep in mind that most infections are asymptomatic, which still triggers natural immunity.
Many experts, along with politicians and journalists, are afraid to talk about herd immunity. The term has political overtones because some suggested the U.S. simply let Covid rip to achieve herd immunity. That was a reckless idea. But herd immunity is the inevitable result of viral spread and vaccination. When the chain of virus transmission has been broken in multiple places, it’s harder for it to spread—and that includes the new strains.
Herd immunity has been well-documented in the Brazilian city of Manaus, where researchers in the Lancet reported the prevalence of prior Covid-19 infection to be 76%, resulting in a significant slowing of the infection. Doctors are watching a new strain that threatens to evade prior immunity. But countries where new variants have emerged, such as the U.K., South Africa and Brazil, are also seeing significant declines in daily new cases. The risk of new variants mutating around the prior vaccinated or natural immunity should be a reminder that Covid-19 will persist for decades after the pandemic is over. It should also instill a sense of urgency to develop, authorize and administer a vaccine targeted to new variants.
Some medical experts privately agreed with my prediction that there may be very little Covid-19 by April but suggested that I not to talk publicly about herd immunity because people might become complacent and fail to take precautions or might decline the vaccine. But scientists shouldn’t try to manipulate the public by hiding the truth. As we encourage everyone to get a vaccine, we also need to reopen schools and society to limit the damage of closures and prolonged isolation. Contingency planning for an open economy by April can deliver hope to those in despair and to those who have made large personal sacrifices.
Dr. Makary is a professor at the Johns Hopkins School of Medicine and Bloomberg School of Public Health, chief medical adviser to Sesame Care, and author of “The Price We Pay.”
You can draw a parallel between nj legal weed and covid. What is so hard to understand about 2/3 of ovvoters chose to legalize? That should be it.
Politicians do not willingly let go of power.
They must be laughing their a$ses of at all the people complying with useless guidance. They will never announce that covid had ended.
Neighbors house has a pending offer after one weekend, we know of someone who put in an offer for 30k over ask and didn’t get it. Curious to see the final price.
“Amid the dire Covid warnings, one crucial fact has been largely ignored: Cases are down 77% over the past six weeks.”
Well, you had a spike due to the holidays, so you can expect a downtrend. There will be some immunity from vaccines, and from actually getting Covid.
It will take quite a while in the USA for herd immunity to take effect, and many will be picked off while it happens. Stay in shape, eat healthy, protect yourself as needed.
Schools could be opened. They just don’t want to.
The UST 10….. I’m sweating it….. where are we going?
“Neighbors house has a pending offer after one weekend, we know of someone who put in an offer for 30k over ask and didn’t get it. Curious to see the final price.”
Greed is good. The matching tax bills will be mailed shortly. The government always gets their cut. Time for a re-eval.
“Anyway we all know the voters in her district won’t vote for anyone else…Co-sponsorship is the only way it works, she will have to change to be successful.”
Juice, again agree….if we have a point of differentiation it is likely on the definition of success.
My use of the word, from observation of the actions of the politicians themselves, is that they define success as getting re-elected to their seats until they no longer want to.
Through that prism AOC is very successful, and will continue to be…when your District views giving the Amazon jobs a Heisman as a victory for them, they could really care less about “how effective” she is in DC as a criterion for pulling the lever for her, again.
Each District is different. As it relates to electoral longevity, DC cooperation plays in some and is a negative in others.
“The UST 10….. I’m sweating it….. where are we going”
Dude, don’t worry.
The guy who will retire on a fixed pension two decades before you says inflation is good. No sweat!
Juice… she is so hot. The idea she cross the great divide means she is in play for us white privileged ones. My friend in college explained a lot to me. When I finally decided to enter rehab and blew her off, she when full-on black dude. She couldn’t take the delirium tremens. White guys are the gateway drug.
Juice Box says:
February 19, 2021 at 10:13 am
Chi thinks she is going to dump her Irish boyfriend and go in for a rich ballplayer. Maybe…..
left: Williams Street represent
Say what you like about AOC. She is politically savvy in a 21st century way.
https://thehill.com/homenews/house/539550-ocasio-cortez-raises-1-million-for-texas-relief-plans-trip-to-houston
In my area about 10% of the population has tested positive for covid. I bet 3 to 5 times that have had it with no symptoms or thought they had a cold or allergies. Another 10% have been vaccinated. I wonder how bad covid will be in a week or 2 here. So many people went to stay with friends and relatives who still had power or went to a warming station. Yet not a peep in the media yet about the storm being a superspreader event.
You can take the trend and eat this sandwich….
https://finance.yahoo.com/quote/%5ETNX?p=%5ETNX
Yo! says:
February 19, 2021 at 10:23 am
http://njar-public.stats.10kresearch.com/docs/lmu/x/EntireState?src=page
The facts arrived. In 2020, New Jersey home prices rose 15%. Where is the analysis? It does not exist.
Spectacular job. Keep going New Jersey.
Juice
I think you were being too optimistic about 1 million broken pipes in Texas. Virtually everyone we know has a broken pipe or hot water heater or has a parent, in-law, or sibling with broken ones.
UST at 12/31/2020 = 0.917%
Chi – ” where are we going?”
I asked Ben Bernake for you. His answer is we are going to Japan.
The Fed will very likely step in to flatten the curve via YCC (yield curve control.)
How is that done? Simple they will set a “target price” and then that price becomes the defacto market price.
How does that work?
Who would be willing to sell the bond to a private investor for less than they could get by selling to the Fed?
History tells us the Bank of Japan is the only major central bank to have experimented with YCC with some success.
Will it work here? Our bonds are the largest market and most liquid in the world and are used differently than the Japanese Bonds, which are mainly buy and hold over there.
It will be another great experiment and you get to be a part of it. Isn’t that exciting!!
So many bashing about AOC will not realize her future in 10yr. Her power is hard to deny. Will be a VP at some point in time. Mark my words.
For those who don’t like her, support Cruz with her GS partner wife and kids from Cancun.
What is the YCC level? 200 bps?
More pertinent, chi, my portfolio has been steadily creeping up stairstep fashion over the last couple weeks. Half a percent a day, market agnostic. Probably shouldn’t complain given that but I’m getting fcuked kind of hard – return could be better – with a hedge I have on that itself is down 15% today….considering taking it off….screw concerns on the 1oY, I’ll let you know if I exit the hedge….because that will be the biggest sell signal since the market will inevitably crater the day after lol.
Double entendre
njtownhomer says:
February 19, 2021 at 11:33 am
So many bashing about AOC will not realize her future in 10yr. Her power is hard to deny.
The market is such a mess right now…. I am eyeing next Friday as a possible repeat of Jan 29. I have multiple seven figures to deploy that people are tapping their fingers on the table. I keep trying to explain. The whole thing is sickening…..
leftwing says:
February 19, 2021 at 11:34 am
More pertinent, chi, my portfolio has been steadily creeping up stairstep fashion over the last couple weeks. Half a percent a day, market agnostic. Probably shouldn’t complain given that but I’m getting fcuked kind of hard – return could be better – with a hedge I have on that itself is down 15% today….considering taking it off….screw concerns on the 1oY, I’ll let you know if I exit the hedge….because that will be the biggest sell signal since the market will inevitably crater the day after lol.
For your consideration: https://youtu.be/PLQw9TgDu3o
re: “optimistic about 1 million broken pipes”
A young new Jersey plumbers wet dream, quitting their $15 and hour slave wage job and heading off the Texas to build their own business.
Just looked it up, 4,000 hours of work for a Journeymen plumber license, in Texas you can transfer in from another state. Master’s there requires passing the test.
You can bet some young plumbers here and elsewhere are going to quit working for master plumbers here and head to Texas to score some easy money, Texas says they are going to issue provisional licenses as well.
That should drive plumbing rates here way higher. Many master plumbers tools are collecting dust as they usually send out the journeymen to do most of the work.
“The UST 10….. I’m sweating it”
Don’t worry. The Fed’s got tools to control inflation.
Instead of printing money, they can liquidate your bank account and burn it instead.
How is the Russel 2K up 2.5% today, while other indexes are nowhere close?
The market is acting very crazy lately.
And bitcoin is at 54K!!!
Chi – “cross the great divide”
Been there done that even visited PR on vacation, met the whole family there in the back woods of the south side of the island as well. I took a pass the crazy was just well crazy…..
Reminds me of one of my buddies from the Bronx, he took me around the scene back then, his sister was trying to be a Freestyle singer like that 80s female band the cover girls or another J-Lo. Went to a few strange parties at Fordham…but I was a Manhattan boy at heart so I did not spend much time in the the Bronx or Queens after that.
njtownhomer – re: “Will be a VP at some point”
That is mostly a ceremonial job….
I don’t know what your constraints are and how that works with your credentials, client expectations and mandates, fiduciary duties, etc, etc…..
But a couple weeks ago I pointed to a weird elevation in vol that felt out of place, thought it might indicate an upcoming turn…when it didn’t started writing ST puts into it…..pull up a 60 minute $VIX and look back to 2/10….basically I skied each of those four or five little slopes down….some positions probably further out on the risk curve than you may go with OP money like TLRY and CMPS on huge vol spikes or TRIP before earnings….others more mainstream.
I wasn’t comfortable taking the equity risk at those levels and even in the case where I may not be overall bullish on the situation (weed) if you want to hand me good money to backstop a TLRY at $20 a share for three days or pay me to be willing to take TRIP at $34 until week’s end why the fcuk not?
It was stupid easy money, added to the coffers, and worst case I’m in the equity at a level anywhere from 10%-45% lower than where I would have bought the share….
I’m sure I’m not telling you anything new, but interesting how these windows open for a crack and then revert giving a really neat little enter/exit opportunity.
Lib. Tons of regional banks in the Russell. They make money only one way.
Send that memo to Yo!
^^^^ The Fed has fcuked up recognition of these markets beyond all repair….
Lib – Bitcoin is the most reliable method for boosting your retirement earnings potential. Just think of it your 3 million invested across those dodgy legacy investments will now get you 60 Bitcoins!!!
Go all in Bitcoin @ 1 million here we come!
Which is better 60 Bitcoins or 3 million FIAT? Bitcoins of course. Diamond hands buy now and hold…. Don’t wait it may be too late. You want that Lamborghini don’t you!
Lib, toss that $3m in BTC and you’ll buy the whole fcuking Nicoya Peninsula.
Back up the truck baby!!! All in!!!! Where are the little diamond and hands emoji on here?!?!
Apple is starting to get attractive again and Amazon still looks massively undervalued. Where is the damn correction to be saved in the short-term by the Porkulus? After that, you are better off investing in an actual ark, rather than an ARK.
Bitcoin at 50K? Could you imagine busting your ass for 50 years to end up with 60 non-physical coins stored in a digital wallet somewhere? With my luck, some teenage employee at Amazon will launch an EMP bomb near the ACS facility where my digital wallet is stored and will bring an immune battery to the rack where my bitcoin is stored and will place my 60 digital coins on a jump drive he got for free with his Best Buy rewards from purchasing the recent Playstat1on.
U.S. businesses have strongest expansion in almost six years in February, Markit PMI data show
The numbers: The flash reading of the IHS Markit U.S. composite purchasing managers index rose to 58.8 in February from 58.7 in the prior month. Any reading over 50 indicates improving conditions. It is the strongest reading in almost six years.
What happened: The index for services rose to 58.9 in February from 58.3 in the prior month. Economists polled by the Wall Street Journal were expecting a 58 reading.
The index for the U.S. manufacturing sector, fell to 58.5 from 59.2. Economists had forecast a 59 reading.
Big picture: The economy is starting to pick up speed as COVID-19 cases are declining and more people are being vaccinated.
What IHS said? “The data add to signs that the economy is enjoying a strong opening quarter to 2021, buoyed by additional stimulus and the partial reopening of the economy as virus related restrictions were eased on average across the country,” said Chris Williamson, chief business economist at IHS Markit.
Market reaction: U.S. stocks opened higher on Friday with the Dow Jones Industrial Average (^DJI) up 64 points in early trading.
Look at that ten year go. Hope you all refinanced. Your next option to pay off your debts may be to eat something exotic at a wet market and hope it doesn’t kill you. Perhaps a nice hedgehog steak or panko fried peac0ck breast?
https://www.exoticmeatmarkets.com/cindex.asp
Chi,
I’m going to sign-up for that free webinar. Though I can easily pay cash, investing some time into figuring out how to pay less for my soph’s college seems like a pretty good use for what little spare time I have. See if you can figure out what name I register under on the 4th if they list participants (which I doubt they will). Don’t worry, it won’t be deez nutz.
Retail customers paying spot prices for electricity. What could go wrong?
https://www.wfaa.com/mobile/article/money/business/right-on-the-money/how-in-the-world-can-anyone-pay-that-some-seeing-electric-bills-as-high-as-17k-in-wake-of-texas-winter-storm/287-14a54a65-39cb-4d1c-931c-0d003002f529
Our provider if your term expires without renewal places you in a month to month plan where you pay a fixed kilowatt rate for the month. Imagine your electric bill going up 25 times normal. Ouch
Salam: 2021 is a critical year for you; your soph will matriculate in Fall 2023. Financial Aid will use IRS 1040 2021 as input. Try to keep as much money out of this year as possible. Also remember, there are two pieces of financial aid. The Federal Programs and the school itself. The Federal Programs are easy to figure out, but each school has its own bullsh!t. If you are willing to pay full freight, use that to you kids advantage, as they might be able to jump the line for schools that are cash starved…..and these schools are NAME BRAND places (Ivy Wannabe).
Another thing to bear in mind. Assuming a 4 year stay (can be a big IF!), once the kid marches past sophmore year in college, no holds barred. Any off the radar financial assets should be held back until after the financial aid office stops looking. A typical mistake is to empty the grandparents’ 529 right off the bat, and then the school pulls the carpet out from under your kid as a junior and senior. Kind of a bait and switch.
60 digital coins? More like 6 x 10^9 Satoshies! Or is it Satoshis? I can’t figure out the plurality.
I had a 15 year at 2.75 in 2015. So it wasn’t worth it to me to go through the headache of the refinance process with 9 years left. But I def agree, hope people took advantage.
Libturd says:
February 19, 2021 at 12:40 pm
Look at that ten year go. Hope you all refinanced. Your next option to pay off your debts may be to eat something exotic at a wet market and hope it doesn’t kill you. Perhaps a nice hedgehog steak or panko fried peac0ck breast?
https://www.exoticmeatmarkets.com/cindex.asp
I know about that bait and switch. I somehow successfully negotiated with the FAO at Montclair when my girlfriend at the time, unexpectedly and without much notice, was told she would no longer receive her Stafford Loan just before her Senior year. Essentially, their only reason for terminating the loan was that they felt the total amount of loans was getting too high. She was also a Residence Hall Manager like me, so housing was covered, just not tuition. So I schedule a meeting with the loan office and ask them if they think she is going to be able to pay back the 40K or so (don’t quote me on the number) in loans if she doesn’t graduate and loses her housing perk? Well the officer says, well you are correct, but it’s not his decision. I said whose decision was it? He explained there is a group of officers that determines who gets the loans. Well I told him to tell the group that she had no assets to her name, she was already independent of her parents (which I made her do her Freshman year to get more aid since her parents didn’t support her in any way) and that they could essentially kiss their 40K goodbye. Lo and behold, a week later, they extended her loan another year. I think she’s a nurse now.
Appreciate the advice. We have some tricks up our sleeves since our son’s brother is a brain cancer survivor. There are some really good scholarships available for siblings of disabled family members and rightfully so. For nearly 18 months, he was pretty much raised by different families in our town while we moved to a hospital in Philadelphia.
Oh, I just remembered. They pulled the loan because her parents claimed her on their taxes to gain like $600 or something, against her will. We found that out the hard way and nearly killed them. I think she ended up giving her folks the $600 to make them file an adjusted return. Girl was from Bayville (a dumpy white trash neighborhood).
Like any savvy politician never let a crisis go to waste. AOC fundraising up to 2 Million she is now flying to Houston for the photo OP..
The AOC infatuation is really intriguing. Reminds me a bit of the Left’s addiction to all things Sarah Palin.
In 2015 or 2018 or something like that (can’t remember if it was before or after BTC mania 2017), I mentioned at a dinner when BTC came up that everyone should buy at least a little bit. Like 1-10% of your net worth seems like a sensible position size, given the risk/reward, but at least $100 or whatever. Risk = it goes to zero (possible for many reasons – govt intervention, technical problem, your means of holding the coins could get hacked, etc). Reward = there is a logical (albeit, possibly will-never-actually-come-to-be) bull case for $1m+ per coin. I still believe today, and even at these prices, that if a person literally holds $0 worth of BTC, then it is a suboptimal position.
The people at the dinner back then really scoffed at me, because they felt it was a 100% loser, so I shrugged my shoulders and switched conversation topics. To date, they are wrong. Maybe tomorrow BTC will explode down to $0, though.
“The AOC infatuation is really intriguing. Reminds me a bit of the Left’s addiction to all things Sarah Palin.”
It’s identical.
Each is a poster child to rile up the opposition’s base.
Nothing more, nothing less.
Crushed, 10%? You can try to convince someone to put $20 into it and they will scoff at you.
Hilarious. SNL skit on millennials and Zillow.
This actually plays into what I said would happen. Back when 3b was saying the suburbs are done and no one wants a house.. I said give it some time, these millennials will all start wanting houses as the majority of the demographic groups reaches their 30’s starting in the early 2020’s. Knocked it out of the park on that call. Dead on.
https://m.youtube.com/watch?v=yEfsaXDX0UQ
Remember, their demand for housing will only get stronger this decade. As they get older, and make more and more money, the housing market will follow.
2:02 except no one wanted Sarah P in their bed, not even Todd P.
“And” Palin is literally dumber than dogs—t .
Dude, I’ve said this before I have no idea what the infatuation with AOC on this board is all about…..she creeps me out, I’d rather hump Palin’s dog.
Maybe my mask thing works with her, if it’s a burlap bag….
To each his own.
My dads hates her face. But I just see…..well….ahem.
Palin=the original Karen
At Five Guys. Still by far my favorite burger.
Too greasy. In & Out!
At Five Guys. Still by far my favorite burger.
You’re definitely not a north east guy. Stay in the People’s Republic of California.
I’m a Five Guys guy…so good.
ExEssex says:
February 19, 2021 at 3:41 pm
At Five Guys. Still by far my favorite burger.
I still remember Britney Spears at her peak. Shakira was also high profile too. Shakira blows her away….. not even in the same zip code. If it is not clear, then there is no way for you to understand.
leftwing says:
February 19, 2021 at 3:15 pm
Dude, I’ve said this before I have no idea what the infatuation with AOC on this board is all about…..she creeps me out, I’d rather hump Palin’s dog.
Maybe my mask thing works with her, if it’s a burlap bag….
To each his own.
Ouch. There is no free ride…
“As Texas deep freeze subsides, some households now face electricity bills as high as $10,000”
https://apple.news/AlYdHqg1KQdKCSF0dYU-aEQ
3:55 I will thanks. Today’s weather is about as fine as any day I have ever seen.
Funny thing is tomorrow will be just as nice….and the next day…. and the next.
Lib it’s the grease that provides the flavor !
left: I forgot….. Williams Street used to read the news on WVBR. She would need to get to the studio by 6:30AM, so I would get poked for service at 5AM. Oddly satisfying hearing headlines on the radio at 8AM knowing what was behind that voice. Hadn’t recalled that in 32 years.
leftwing says:
February 19, 2021 at 3:15 pm
Dude, I’ve said this before I have no idea what the infatuation with AOC on this board is all about…..she creeps me out, I’d rather hump Palin’s dog.
Maybe my mask thing works with her, if it’s a burlap bag….
To each his own.
Happy Friday: https://youtu.be/5pOKqcaR-A0
@2:41
We may not agree on a lot, but as an “elder” millennial myself, I agreed with your reasoning back then. I’ve always treated the movements of the age groups like salmon:
Grow up in the suburbs, move to the city, mate/spawn, swim downstream to the suburbs, rinse repeat.
The problem I see now is how inflated prices are. Neighbor just got 30k over asking and asking was 40% more than they paid in 2015. I’m tempted to sell myself, downgrade to a smaller home that can be rental and wait out a crash and then buy a nicer house at a cheaper price. But who knows.
That’s just it though. It’s tough to downgrade and you tend to spend as much as you paid for the bigger home on the new smaller place .
I definitely like Five Guys over In and Out. Shake Shack is too much residual grease for me. White Manna in Hackensack is a religion to me.
No “circuit breakers” for energy prices in TX. Only for gamestop.
If you are ever in DFW area try LA Burger.
I sent an article to my kids and told them to never sign up for a variable electricity plan. Whatever little bit of money you save will be lost by many times over if there is a crisis
Pennsylvania also has variable plans
We actually got mail this afternoon . First delivery of any kind since Saturday
Hold my beer,
Isn’t the default from every local utility a variable plan? You’d have to go to a 3rd party supplier for a fixed rate term agreement. From what I’ve read, it sounds like going to a 3rd party supplier is the norm in Texas. I’m not sure how common it is in the Eastern/Western (non-Texas) power grids.
Exactly, huge demographic blocs matter.
You guys can think I was practicing black magic or just got lucky, but my call was backed by understanding demographics. No way I make that kind of call that far out, get destroyed for the position on a daily basis, but never back down unless you know what you know. I stuck to my own analysis and it was a damn good call.
LurksMcGee says:
February 19, 2021 at 4:37 pm
@2:41
We may not agree on a lot, but as an “elder” millennial myself, I agreed with your reasoning back then. I’ve always treated the movements of the age groups like salmon:
Grow up in the suburbs, move to the city, mate/spawn, swim downstream to the suburbs, rinse repeat.
The problem I see now is how inflated prices are. Neighbor just got 30k over asking and asking was 40% more than they paid in 2015. I’m tempted to sell myself, downgrade to a smaller home that can be rental and wait out a crash and then buy a nicer house at a cheaper price. But who knows.
I’m not following. Everyone is criticizing Cruz.
njtownhomer says:
February 19, 2021 at 11:33 am
For those who don’t like her, support Cruz with her GS partner wife and kids from Cancun.