Crazy price jumps

From the Star Ledger:

The average price of an N.J. home is $100K more than what it was last year

The average price of a single family home in New Jersey has increased almost $100,000 in the past year, according to data from New Jersey Realtors.

The average home price for the first quarter of 2021 was $500,628 or 24% more than the $403,785 for the first quarter of 2020, the data shows.

“It has jumped dramatically,” said Robert White, President-elect of NJR and Managing broker at Coldwell Banker Realty in Spring Lake.

The price increase is being driven by low inventory and eager buyers.

“With the current inventory situation and the buying frenzy, you’re seeing … many homes selling over asking price in today’s market and that is forcing values to increase because appraisers are coming out and appraising at those higher numbers,” he said.

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217 Responses to Crazy price jumps

  1. grim says:

    Realistically, there is likely a considerable amount of mix-shift in the sales data that accounts for the price increase.

  2. grim says:

    Murphy to pay the cast of Jersey Shore in a vaccination campaign targeting millennials.

  3. leftwing says:

    foist, other than our host…

    in other crazy price jump news….

    dogecoin at 0.49

  4. leftwing says:

    Grim, there is no comparison between vaccination of six month olds for COVID versus, say, HBV.

    The risk/reward is simply not there for this age cohort. This vaccine is literally five months old. It is not FDA approved, regular way. Full clinicals have not been performed and there are zero follow up studies.

    MMR and HBV vaccines are the equivalent of aspirin or statins and have been around forever.

    And, BTW, the death rate for HBV *with the vaccine* is higher now than the death rate for COVID in the under 17 age group, untreated.

    Let me repeat that…we are already at COVID mortality levels in youth, untreated, that the HBV vaccine only aspires to hit by 2025. (See link below).

    Vaccinating infants is a solution in search of a problem.

    Pop up a piece of software. Find the largest display you can. Plot 277 purple dots. Surround them by 74 million yellow dots. Try to find the purple dots…..

    Not to mention all indications are the 277 total deaths in the under 17 age group from COVID were of severely compromised individuals. Like NICU level compromised. I’ll try to find hard data on that if I have the time but if you are a healthy child you are approaching Megamillion winner type odds of demise from this virus.

    And this virus, unlike others and for reasons unknown, is not evenly distributed across age cohorts. Unlike other maladies to which children/babies are more susceptible this age group is actually less susceptible to this virus.

    So bottom line we have a brand new, unapproved regular way, strong therapeutic with several unknowns to insert into healthy infants who have a statistically zero chance of demise. I spent four decades in a career evaluating risk/reward over large numbers. I will take a pass on this trade. Every time. It is a losing trade.

    And, I maintain, medically unnecessary for this age group and as such unethical.

  5. leftwing says:

    And last post this morning – I promise – before I get to minding my companies reporting this morning….

    In other crazy price jump news…..yeah, that’s a one year chart…….

    https://www.nasdaq.com/market-activity/commodities/lbs

    The amounts of money being made by some players in commodity futures is absolutely insane. Anyone else remember the old Phibro, circa Salomon time….

  6. Phoenix says:

    “And, I maintain, medically unnecessary for this age group and as such unethical.”

    I agree with this statement. Plus I find it unethical that the only institutions forcing anyone to get the vaccine at all are colleges.
    Exactly who do they think they are? Even hospital employees are not forced to get this vaccine. Nor Boomers on Medicare.

  7. BRT says:

    For what it’s worth, I now know someone that’s been in the hospital 5 days for negative reaction from the vaccine. We’ve heard anecdotes on this board about young people who were heavily damaged from covid, now the opposite is true.

    With respect to kids, both of mine had covid and it was a non issue. There’s no need for them to take a vaccine.

  8. BRT says:

    btw, notice no comments from Fauci at all about NJ and NY’s reopening plans. The real question is, would they be doing this had those states we demonized not done so?

  9. grim says:

    And, I maintain, medically unnecessary for this age group and as such unethical.

    Strong argument, well said.

  10. Grim says:

    Transmission rate Rt down to 0.37 – expect cases and hospitalizations to crater over the next 15-30 days.

  11. Grim says:

    His is what I’ve been talking about for the last month:

    https://www.vox.com/22400322/vaccines-herd-immunity-coronavirus-israel

    Given the widespread exposure in NJ, it’s likely we far closer to achieving herd immunity than the vax numbers would suggest.

  12. Phoenix says:

    As usual, 2 minutes on the Daily Mail and the day is set. Bill and Melinda breaking up. Not surprised one bit. Marriage is disposable today. Well, like just about anything else regarding religion.

    And here is an oopsy. Haven’t seen this reported anywhere else yet, but the DM nails it front page.

    https://www.dailymail.co.uk/news/article-9539447/Chauvin-juror-defends-participation-Washington-protest.html

  13. Phoenix says:

    But my fave for the morning, Black Karen. A teacher no less.

    ‘You’ll never be white’: Black driver launches into racist tirade against Latino cop and calls him a ‘murderer’ after he pulled her over for using her cell phone

    https://www.youtube.com/watch?v=h_1Z8PwlRJ4

  14. BidenIsTheGOAT says:

    Heard from softball parents that they are theorizing the masks are slowing speech development. Another reason to lose them now. And another one said she wants staff to continue wearing them indefinitely. “I don’t want them breathing on my food.” How deameaning.

  15. BidenIsTheGOAT says:

    Full reopen now. Anything less is an abomination.

    Murphy and his hacks lost their cool, gotta bunch of seniors killed. The lockdowns failed. And now for collectivist political reasons they don’t want to loosen the grip.

    It’s over for nearly all practical purposes.

  16. leftwing says:

    TY Grim. Right back at ya.

    Last comment on COVID, I don’t know why I keep jumping down this hole…

    I’m the last person to wear a tinfoil hat regarding corporatocracy……

    But pulling apart PFE earnings this morning….

    They announced intention for “full rollout” nationally of COVID vaccine.

    Separately (ah-uhum) they upped their estimate of revenue from COVID vaccines from $15B to $21B for 2021 alone….

    I maintain life is different these days, who knows maybe I was just oblivious when I was young…….in any case I’m glad I grew up when I did.

    Broader swathes of GenX though whatever we are calling 20-somethings these days need to become more involved.

  17. grim says:

    It’s easier to understand NJ when you realize it’s all about being a one-upper, likely rooted in a deep seated sense of inadequacy resulting from decades of being bullied and made fun of. Whatever NYC and California does, NJ comes out screaming, ME TOO, ME TOO, and we’re better at it too!

  18. BidenIsTheGOAT says:

    The economy looks like a SoCal forest packed full of undergrowth. The winds are starting to whip. Inflation wildfire on the horizon.

    Cash is trash, good luck getting the goods.

  19. Bystander says:

    JCer/Grim,

    I am about as close to this as anyone on this board. Part of my role was to remove blockers for Agile team formation so resource management really. That part has become 80% of my role over last year because of hiring needs. WFH is major problem as many areas of bank have data privacy restrictions. We had ODCs (offshore data center, as many know) established with barrier rooms and security controls to ensure Wipro contractors were not taking data. You might as well throw that out now with WFH. Sure, it can happen in US but we all have concept of SEC, DTCC, FINRA regulations. They have zero care for that in India. The ODC was way to enforce it. This is major risk now. When I read that article about UK (and US) banks talking to regulators I assure you it is about coming issues with operational non-conformance because of India reliance (“please don’t fine us”). There are no teeth at these regulatory institutions anymore. Secondly, there is a rude awakening coming for all banks/insurance/financial services firms hiring in India. They played this game for so long. They built ODC at bottom of one city because they did not want to complete salary wise with companies at top of city. Now, the costs are going to increase dramatically. Resource have left city and there is a frenzy to get remaining cheap labor. We are paying ADs higher than current directors in last month and still get higher offer. Indians all talk salary btw not like here. There is 100% price discovery. Our staff will find out by summer and we will either pay 50% more or lose our team. My manager is screaming up the chain..but will the greedy execs here a word before it is too late? If you have project that needs to complete this year with India dev..cancel it, plan for next year but be prepared to pay alot more.

  20. chicagofinance says:

    High jump update…… also note the comments section…
    https://www.youtube.com/watch?v=zgs30QUwVpM

  21. EzEssex says:

    Aryan women are delicious.

  22. Juice Box says:

    Summer is here. I remember many many Summers ago waiting in line to get a VIP card for D’Jais, we had just rented a house for the summer and were just a bunch of idiots back then.

    “One of the most prominent Jersey Shore nightclubs is offering an incentive to people who stop by next week to be administered a coronavirus vaccination — a summer VIP card.

    Ocean Health Initiatives will provide the vaccine shots at D’Jais in Belmar on May 12, Gov. Phil Murphy announced Monday not long after he announced 12 New Jersey breweries are giving away a free beer for those over 21 who get a first vaccine dose this month.

    “Pfizer shots will be offered from 9 a.m.-3 p.m. at D’Jais. People who want the vaccine can pre-register. VIP cards typically offer discounts on admission, food and drinks as well as other incentives.”

    Rumor is the governor will be there to buy rounds of whiskey like he has done in the past.

    https://www.nj.com/coronavirus/2021/05/famed-jersey-shore-bar-fist-pumps-for-covid-vaccine-jabs-by-hosting-shot-event.html

  23. libturd says:

    Leftwing,

    I agree with you if kids aren’t required for herd immunity. But that was always my position. I also said I thought 13 and older should do it, but it will depend on how thickheaded the populace is.

  24. Libturd says:

    Here’s a pretty nutty Vegas listing. I can only imagine the mom who decorated this place.

  25. BRT says:

    Someone pointed out: The world’s 10 richest men have had 13 total divorces.

  26. grim says:

    Holy shit, I was just going to say DJais should VIP covid vax. My post about Jersey shore was a joke, obviously, but this was the next one.

  27. Libturd says:

    Gator forwarded me the DJais article last night. Forgot to post it.

  28. Juice Box says:

    Gov Murphy tweeted it last night…It’s an election year folks. Expect him to be be running around the boardwalks all summer….

    https://twitter.com/GovMurphy/status/1389356425642758146

  29. grim says:

    Where’s Snooki?

  30. BidenIsTheGOAT says:

    Those pedo island innuendos probably didn’t do much to sure up the gates marraige. Not that living with two megalomaniacs would have been easy to begin with.

  31. Hold my beer says:

    I don’t know if I would get a healthy 5 year old vaccinated. A toddler or elementary school kid with a history of multiple bouts of pneumonia and bronchitis, especially if the kid had been hospitalized for it or has an autoimmune disorder or gone through cancer treatment I would definitely get vaccinated. Both my kids are over 12. Oldest one was vaccinated and younger one will get it when eligible.

  32. Juice Box says:

    One Summer when we were still living in Hoboken and my wife was pregnant with our second child, it was hot summer and we were taking it easy so I rented a 4 bedroom house in Spring Lake for the entire summer. We would go down on Thursday night and stay until Monday morning. It was a really great summer living by the beach every weekend. I would bike ride up and down Ocean Ave, with my oldest in the kid seat on the bike. We would stop by the small park on the beach near D’Jais to use the swings etc. I remember one evening seeing one of the Jersey Shore cast there in a new Ferrari, he was driving around with a couple of girls in the front seat. That was “peak” for him as he went to jail a few years later. Seems they are still on MTV now even though several of them must be pushing 40 years old now…..Amazing how NJ puts out great musicians and actors but really horrible but successful reality TV shows.

  33. Hold my beer says:

    Libturd

    Looks like someone loaded up on Pier 21 Clearance sales.

  34. BRT says:

    Every reality TV show is horrible. I don’t think it’s a Jersey specific thing. But, the staying power that the Jersey Shore cast had on MTV is staggering.

  35. EzEssex says:

    Divorce….it’s ‘easier’ when you are rich.
    Gates divorce is the “I don’t want to die with you.” Divorce.
    She was a middle manager, she put in her time…now she’s a billionaire.
    See how easy it is ?

  36. Hold my beer says:

    Essex

    She should get billions. She had to bang him all of those years.

  37. BRT says:

    Robinhood experiences technical difficulties as Doge hits 60 cents. 3rd times a charm.

  38. Juice Box says:

    There are already 16 vaccines you give your kid from birth on. What is really one more? For the Covid vaccine do you need to wait 1 year more, 2 years more or 10 years more, until there is a million kids vaccinated or 100 million kids vaccinated until you think it’s safe?

    They key to safety is the real time monitoring, it won’t be the vaccine that kills them but it could be a screw up in manufacturing. That is why the monitoring and testing our FDA does is so important.

    For example the first mass vaccinations for Polio were done in 1954. A year later they suspended the vaccine campaign after 11 people died from the vaccine and hundreds were paralyzed. It was determined that there was a production screw up that resulted in a failure to completely kill the Type 1 poliovirus in the vaccine.

    The mRNA technology used so far has proved to be safe, except for some rare allergic reactions. We have given out 250.2 million doses in the USA so far, way more than any vaccine campaign ever.

  39. Juice Box says:

    re: DOGE

    “lol that’s like telling toddlers not to push random buttons in the elevator. They’re irresistible.”

    https://twitter.com/wallstreetbets/status/1389415323758174209

  40. Phoenix says:

    Well, now that Greta turned 18 this year she could hook up with Bill and go save the planet together.

  41. grim says:

    Wonder how much of the global philanthropy was Bill dragging Melinda around the world.

  42. The Great Pumpkin says:

    Com­ing out of the pan­demic, Mr. Di­mon is ea­ger for other signs of nor­malcy. More JP­Mor­gan em­ploy­ees will re­turn to the of­fice start­ing this month, though Mr. Di­mon ac­knowl­edged they aren’t all happy about it. But the re­mote of­fice, he said, doesn’t work for gen­er­at­ing ideas, pre­serv­ing cor­po­rate cul­ture, com­pet­ing for clients or “for those who want to hus­tle.”

    “We want peo­ple back at work and my view is some time in Sep­tember, Oc­to­ber, it will look just like it did be­fore,” Mr. Di­mon said. “Yes, peo­ple don’t like com­mut­ing, but so what?”

    https://www.wsj.com/articles/jamie-dimon-on-booming-economy-and-finally-getting-off-zoom-11620138720?st=pjvzzx3mkln57sn&reflink=article_copyURL_share

  43. Walking says:

    Anecdotal vaccine story, my father in law, healthy walker, does about 3 miles a day. Had a mild covid case back in Nov. Was sick for 2-3 days before being able to resume normal daily exercise. So in late March went for 1st shot, Pfizer. received 2nd shot mid April. He is now in the hospital, doctors are stumped. 4 Covid test given all negative. Lungs show he may have pneumonia but he is not sick. Just has a hard time breathing. Ct Scan show his lungs are completely white when they should be black showing oxygen in lungs. Still doing a battery of test to figure out whats going on and why his oxygen levels so low.

  44. Libturd says:

    Could be long-term impact of Covid just as well as the vaccine. Without x-ray after covid, before vaccine. There is no way of knowing.

  45. Libturd says:

    Hope he feels better btw.

  46. Walking says:

    Lib, could be. The only problem is he went from 3 miles a day in the park to not being able to speak a sentence without getting winded. I thought it was more of a blot clot issue but that is not the case. They are checking other potential stuff like legionnaires. But so far all clean.

  47. Libturd says:

    Did someone on WSB read my late night posts here last night on BitCoin?

  48. Juice Box says:

    re: Gates

    She started complaining publicly about two years ago and it seems it all started about 25 years ago and had been boiling ever since. I would not be surprised if a year or two from now during the divorce nonsense over who gets the Da Vinci codex or some other artwork we hear that she thinks Bill is really a misogynist.

    Just read the quotes in this story from 2019. Had first kid did not want to go back to work. Wanted to be a full time mom. Later although they have unlimited resources she complained about driving kids to school, this was 25 years ago, so Bill had to do that too so she could “do more important things” and “work” by staring out the window at Lake Washington.

    Sounds like another case of more money more problems, must be why he bought that $43 million dollar beachfront home in San Diego last year and moved out.

    https://www.telegraph.co.uk/women/life/melinda-gates-bill-stunned-told-didnt-want-go-back-microsoft/

  49. Juice Box says:

    re: Mr. Di­mon said. “Yes, peo­ple don’t like com­mut­ing, but so what?”

    Says the guy that has a 2 mile chauffer driven commute down Park Avenue. Really this guy is super lucky to be alive. A ruptured aorta a year ago and he wants to go back to working long hours in an office environment. I can bet his doctors think he should retire too.

  50. Juice Box says:

    I think we have defeated the appointment hunger games in NJ. They robo called me to schedule a covid-19 vaccine appointment although I have unsubscribed from their updates.

    Looks like lots and lots of appointments available even last minute TODAY.

    https://covid19.nj.gov/pages/finder

  51. Walking says:

    Juice Box:

    Start –> all programs –> control panel –> uninstall wife

  52. grim says:

    grim says:
    May 3, 2021 at 7:57 am

    We’re going to see Pfizer opened up to 12-15 year olds in the next 30 days, which should help. Expect to see a pretty sizable jump in this age range through the summer and up to the start of the school year. If there was ever a “Summer of Play” – this is going to be it.

    Get out your lawn darts, slip and slide, and roller skates, it’s going to be like the 70s and 80s all over again.

    I feel like Bloomberg completely stole the idea for this new piece from my rant yesterday Lib, right down to the title.

    https://www.bloomberg.com/news/features/2021-05-03/how-cities-can-give-streets-to-kids-for-a-summer-of-play?srnd=premium

  53. Glen says:

    Juice, I just came back from my 2nd shot at the rockaway mall, it was DEAD. The woman who stuck me said they’re seeing about a 50% drop-off

  54. leftwing says:

    “I feel like Bloomberg completely stole the idea for this new piece from my rant yesterday Lib, right down to the title.”

    I don’t know if you see unique IPs and have the data but I sense you have a lot of lurkers…given the zip codes of people here wouldn’t surprise me if there were some Bloomberg, NYT, etc employees hanging around lol.

  55. EzEssex says:

    My zestimate (yeah I know) is up to $900k — well above the $750k we paid 4 years ago. It was never my goal to live in a million dollar home, but here we are. Wonder how long it will last? Two things I learned from the last go-round. 1. It never lasts. 2. don’t take equity out of your home.

  56. Juice Box says:

    Biden announces he wants 70 % of adults vaccinated by July 4th, also no more appointments the pharmacies can start doing walk ins.

    CVS by me was dead over the weekend nobody getting vaccinated, there are tons of appointments showing available now.

  57. Fast Eddie says:

    Nice looking trend…

    https://www.worldometers.info/coronavirus/usa/new-jersey/

    Tell me when I can walk into a store w/o a mask.

  58. Libturd says:

    “Summer of Play”

    Yup.

    I know a store you can walk into without a mask. Though if you have one, they prefer it to be made of leather.

    https://www.rainbowdepot.com

  59. JCer says:

    Leftwing your argument on infant vaccination makes perfect sense based on the data and what we know of the virus(requires ACE2 receptors) means the risk for infants or anyone under 12 really is very miniscule. Flu with the vaccine is more dangerous than un-vaccinated covid exposure.

    phoenix, I saw that video yesterday. That was pretty horrible, now the question is will she face the same consequences as others who have behaved that badly. That was one racist exchange and then she reported him to the police department claiming he was inappropriate somehow. If a white person did this they would be doxed, fired from them job and ostracized on Twitter and that might be fair. Acting like an awful fool is one thing but then making a false report to the police department takes it way to far.

    bystander, I know the India routine well. I always had issues with dev teams as nearly no rank and file developers had remote access prior to COVID and in fact in the past if you went to the office in India(including for US managers) you weren’t allowed to bring your mobile phone into many parts of the facility. Yes it was a race to the bottom, Indian wages have continually gone up, and talent is thin, infrastructure is poor, etc. Developer salaries are pushing 40k in India for a lot of these banks which is big considering BA’s and other folks make 15-20k. The outsourcing companies pay the developers 15-20k and generally carry bottom of the barrel talent. Your firm needs to stop talking about agile, they think a warship in a crowded harbor is agile! I’ve seen your process it is horrendous, you have my condolences if you are somehow responsible for any kind of project management in that place. It’s also the reason they need an army to get any work done, you guys easily carry 2-3x the dev resources for any given project vs. more competent banks.

  60. Phoenix says:

    So would this be a gift to the wife in the form of increased death benefits?

    NYPD cop’s funeral after he was killed by ‘drunk driver’ https://www.dailymail.co.uk/news/article-9542311/NYPD-cop-posthumously-promoted-detective-funeral-killed-drunk-driver.html?ito=native_share_article-top

  61. Phoenix says:

    Jcer,

    They don’t care about this. Happens all the time. Ask me how I know.

    “making a false report to the police department takes it way to far.”

  62. Bystander says:

    JCer,

    I rolled out a KanBan process for L3 support team 2 years ago. I was rewarded by being asked to help identify Agile opportunities across entire group. We spent 6 months trying to organize 300 people into discussing team realignments, CI/CD, dev ops, test automation, Agile skills. The whole time were just trying to find a few pilots. After 6 mos, the head of our group asks us where we are with rolling out Agile to everyone. My boss and I were dumbfounded. I tell him that they are delusional to trying to run this silo without business or PMO standards team. They finally hire ED level Agile transformation guy from BarCap in mid-2019. He talks big plans about training all, getting Agile coaches globally and collocating teams. He was to hire 15 coaches and they squashed it with freeze in Jan. They gave it to PMO standards team who have no background in Agile, trying to run transition as volunteer/Ambasassdor basis. You would be foolish to get involved as no reward for it. The Agile lead/ ED quit two weeks ago. We are now back to no coaches, no training, and some new guy who is harassing one of our India leads who is very experienced in Agile, expecting her to do two jobs. This place is absolute sh*t-show of lack of leaders and low investment.

  63. The Great Pumpkin says:

    This party is just getting started. Higher highs, and higher lows. Housing market is kissing those old lows goodbye.

    You guys all laughed at me when I said my house would hit at least 1 million in this next run up during the 2020’s, but here we are with my Redfin at 755k and it’s only 2021. Enormous demand is only building based on the size of the millennials. These guys are making big money too, along with mommy and daddy inheritances. Add in inflation and you have yourself a winning asset in the 2020s.

    EzEssex says:
    May 4, 2021 at 1:47 pm
    My zestimate (yeah I know) is up to $900k — well above the $750k we paid 4 years ago. It was never my goal to live in a million dollar home, but here we are. Wonder how long it will last? Two things I learned from the last go-round. 1. It never lasts. 2. don’t take equity out of your home.

  64. The Great Pumpkin says:

    How many vacations can you throw money at? At the end of the day, your most significant purchase is your home. It’s the most direct factor on quality of life.

    Sure, you could save money with a way “below means” home, but at this point, why are you making money? You enjoy a low quality of life aka just go work at the easiest job you can find and relax. You don’t enjoy the finer things in life, therefore stop wasting your precious time making money.

    I will never understand the people that focus on making making, but hate spending it. So a$$ backwards, it’s mind blowing.

  65. EzEssex says:

    It sucks to be house poor Pumps. Best to have money for the other Sh*t that infests our lives, vet bills, car servicing, food & fun. I’m not a huge vacationing and my spouse probably wishes I would get out more. Truth is I would rather be home than anywhere else.

  66. ExEssex says:

    6:41 that’d be nice. My idea was to retreat to Alabama with the earnings.

    She said: send me a postcard.

  67. The Great Pumpkin says:

    Def not advocating to be house poor; living above your means is just as bad as living below your means. Balance is everything.

  68. The Great Pumpkin says:

    Not going to lie, smart girl.

    ExEssex says:
    May 4, 2021 at 6:53 pm
    6:41 that’d be nice. My idea was to retreat to Alabama with the earnings.

    She said: send me a postcard.

  69. The Great Pumpkin says:

    Bystander,

    You know what breaks my heart with you, you are one of the smartest guys in the room. Stop letting your company take advantage of you, and go into another field. You are too smart to be taken advantage of. Let go of your fears. Take the jump.

  70. 3b says:

    Essex When the pandemic is over do some traveling if you have not already or have not done it in a while. It gives one a whole new perspective. I am amazed how many people I know in my town who with the exception of the Caribbean have never set foot outside of the USA.

  71. The only way to reach Chinese buyers and renters from inside China is through Chinese social media. There are literally hundreds of choices but WeChat is the best one for real estate agents wanting to reach Chinese real estate buyers. We just focus on growing your WeChat network and present you and your listings in a way that makes sense to overseas Chinese buyers and you’ll be in a good position. We farm your accounts networks and add thousands of followers daily. Among them Chinese business owners and CEO, private investors and other. Make visible your properties in front of your next Chinese wealthy buyers in WeChat. And publish your properties on the biggest Chinese real estate websites – chinahousebuyers.com

  72. The Great Pumpkin says:

    UPDATE: The line for @WhiteCastle Orlando is over a mile long and the wait is over 4 hours #whitecastleorlando

    https://twitter.com/paulina_mosb/status/1389257234610327566?s=21

  73. EzEssex says:

    The thought police….

    Hopewell Township, New Jersey, patrol officer Sara Erwin was fired, and Sgt Mandy Gray will be suspended and demoted
    Erwin posted status update on Facebook in June 2020, calling BLM protesters ‘terrorists,’ and Gray expressed approval for her post
    Both Erwin and Gray have been on the force for more than 20 years, and their lawyer says neither has ever faced disciplinary actions
    Erwin and Gray’s attorney has filed an appeal, demanding that departmental charges against them be dismissed

  74. chicagofinance says:

    You seem to advocate being intellect poor. Also, what is wrong with living below your means? Some of the stupidest advice I’ve ever read.

    The Great Pumpkin says:
    May 4, 2021 at 7:03 pm
    Def not advocating to be house poor; living above your means is just as bad as living below your means. Balance is everything.

  75. chicagofinance says:

    Definitely. Vacuous rich people talk endlessly about Florida and the Caribbean. How about Montana, Grand Canyon, Colorado, Chicago, Montreal, Quebec City, Vancouver, Alaska, Hawaii, Nashville……. literally any American historic site.

    Seriously, WTF?

    3b says:
    May 4, 2021 at 7:21 pm
    Essex When the pandemic is over do some traveling if you have not already or have not done it in a while. It gives one a whole new perspective. I am amazed how many people I know in my town who with the exception of the Caribbean have never set foot outside of the USA.

  76. Libturd says:

    Don’t forget Costa Rica!!!

  77. Juice Box says:

    Cattle Call has been sounded, get back on the Bus, get back on the Train as NYC is open again!

    With JPM and now GS telling workers to get back to their desks by next month, you can bet there Are going to be lots of grumbling commuters, as more companies will now follow their lead.

  78. Juice Box says:

    re : “Mentioned Here”

    Unions are driving Biden’s CDC policy now with non-scientific political intervention.

    https://www.wsj.com/articles/the-centers-for-politics-and-unions-11620168584

  79. Juice Box says:

    So does Trump get his Facebook account back?

    With the changes in iOS to disable user tracking I am betting they want to keep the gravy train rolling. Trump was a huge driver of eyeballs to Facebook ads for years, with the claim made in 202o that he was the number one driver of traffic to the app and their ads etc. They will want that traffic no matter the cost to the reputation since well the chance that traffic goes to another App or startup is real.

    Zuckerberg hedged on the ban back in January. ““Therefore, we are extending the block we have placed on his Facebook and Instagram accounts indefinitely and for at least the next two weeks until the peaceful transition of power is complete.”

    Thoughts?

  80. The Great Pumpkin says:

    Grim,

    My response to chi is in mod….can you please release?

  81. The Great Pumpkin says:

    I said this for how long on this blog? In the name of competitiveness, would you take your hard earned money and start a remote business or in person? Why?

    We could have been remote 15 years ago, but it doesn’t work when you are competing against businesses that are in person. It worked during the pandemic because your competition was remote.

    Juice Box says:
    May 5, 2021 at 6:09 am
    Cattle Call has been sounded, get back on the Bus, get back on the Train as NYC is open again!

    With JPM and now GS telling workers to get back to their desks by next month, you can bet there Are going to be lots of grumbling commuters, as more companies will now follow their lead

  82. Hold my beer says:

    I’m going to wear a mask on flights in the future just so I don’t catch a cold or something else. I’ve also discovered that wearing a mask when I do weeding and other yard work I feel great, even after an hour or two of weeding. I would feel exhausted and awful in the past, even after only 20-30 minutes. I think the mask keeps me from inhaling pollen and dust. I’m going to try out a kf80 when i do some weeding today.

    I’m also going to keep a few kf80s or 94s in my fishing bag for high pollen or dust days or in case public works is trimming branches or mowing the nearby fields.

    As soon as my middle schooler gets fully vaccinated we will be going out to eat instead of getting take out.

  83. Juice Box says:

    Stick a fork in the Suburbs they are officially done. Pandemic driven “flight to safety” home sales to Millennials are over, there will now be a mad rush to work and live in the cities and the party is just getting started too.

    Total births were the lowest since 1979. That is a time when we had 105 million less people in this country too. Population today is 330 million it was 215 million in 1979.

    “Millennials, born between 1981 and 1996, now account for the majority of women having children. In seeking to explain their lower fertility rates, researchers have pointed to the fact that they are marrying later in life, getting higher levels of education and are less financially secure than previous generations when they were the same age.

    Provisional birthrates fell for all women ages 15 to 44 last year. That included women ages 40 to 44, whose birthrates declined 2%. The rate for that age group had risen almost continuously from 1985 to 2019, by an average of 3% a year.

    The sharpest fertility declines in 2020 were among women in their late teens and early 20s. Since peaking in 1991, the teenage birthrate has fallen 75%.”

    https://www.wsj.com/articles/births-in-u-s-drop-to-levels-not-seen-since-1979-11620187260?mod=hp_lead_pos5

  84. Hold my beer says:

    A Home buyer

    Those progressives don’t know the difference between being cautious and a paranoid control freak.

    Cautious to me is getting take out and going to stores at off peak times wearing a mask.
    Paranoid is advocating shutting down all outdoor activities and if you are not high risk living off Instacart and rarely leaving your house since March 2020.

  85. The Great Pumpkin says:

    Juice,

    This is going to be the summer of love. People are going to be feeling good and acting on it.

    People were depressed sitting at home all day and everyday. Add in the fact that some people are lazy and dirty, well, who want’s to have sex with someone that hasn’t changed out of their dirty underwear in 3 days? Have sex when they aren’t even motivated to shower on a daily basis?

  86. Juice Box says:

    Except it won’t…..it’s over for the Burbs, we are back to the pre-pandemic predictions.

    which if you forgot is “SELL TO WHOM??”

    The covid-19 fight to safety is over. No more fear everyone is getting vaccinated.

    Stats say only 30% of millennials are married with kids, lowest recorded. They have the lowest birthrate recorded. Not changing anytime soon either, they need dual incomes to survive wife cannot stay home and raise a large family.

    The rest the other 70% if the millennials?

    12% unmarried mothers
    14% live with parents
    14% live with other family
    10% live alone
    13% married no kids

    Are these folks buying a house in Hackensack?

  87. Fast Eddie says:

    A burning question as I await my meeting to start: Why do liberals use fallacious forms of reasoning to justify their failed ideology? Or is it fellatious forms of reasoning?

  88. The Great Pumpkin says:

    Chi,

    There is a time and a place to live beneath your means (when you are in your 20’s). There is a time to enjoy it. If you are not working to improve your standard of living, then why are you working so hard?

  89. Juice Box says:

    NAR says it’s over too month to month sales are down 3.4%. This is spring selling season too. Sales are down in Spring Selling season? If you did not get the $100,000 extra for your crapshack then you better lower your price soon.

  90. The Great Pumpkin says:

    Would I be better off selling my house and buying a cheap 300k house? Better off yet, would I be better off selling my house, move to the first floor in my rental, and then buy more rentals with the proceeds? Sacrificing the quality of life for my daughter for more money that I don’t really need? Should I sell my car and buy a beater, and put the rest in stocks?

    I don’t understand this kind of mindset that lives below their means their entire life, but keeps accruing massive amounts of money. For what? That’s like a king who lives like a peasant. Why be king? Give the crown to someone else, stop stressing with the work that comes with being a king, and go live like a peasant.

  91. The Great Pumpkin says:

    So I stand by my position. Someone that lives beneath their means with massive amounts of money is just as ignorant as someone that lives way above their means. Comes a time that you have to question why you continue to work so hard making money that you don’t really need or enjoy spending, and adapt your life to it. Then again, maybe some people enjoy working and making money that they will never spend, need, or enjoy. Seems kind of pointless to me, but maybe they like making money that serves no purpose besides feeding the ego that their nest egg is growing on a daily basis.

  92. 3b says:

    Juice: The cattle call is sounded , but not all are going back and Jamie Dimon and GS know that, and in fact it’s what they want. Remote work can be done effectively for many positions.

  93. 3b says:

    Pumps: You have been corrected on remote work could be done 15 years ago,?it could not and we told you why. But you post the same comment again.

  94. The Great Pumpkin says:

    Burbs are a place where a lot of the population returns to raise their family. Understand this. New Jersey real estate in the commuting distance to NYC and along the nj coast is not going down in price this decade. It will only go up. People thinking that these prices are going to go down in 2 years are delirious.

    Juice Box says:
    May 5, 2021 at 8:05 am
    Except it won’t…..it’s over for the Burbs, we are back to the pre-pandemic predictions.

  95. The Great Pumpkin says:

    Take the L and move on.

    3b says:
    May 5, 2021 at 8:28 am
    Juice: The cattle call is sounded , but not all are going back and Jamie Dimon and GS know that, and in fact it’s what they want. Remote work can be done effectively for many positions.

  96. The Great Pumpkin says:

    Why couldn’t remote work be done 15 years ago? I had a few remote college classes back in early 2000s.

    Now here is what you need to understand. Remote work didn’t take off because most jobs are competitive and the “in person” worker dominates the remote worker.

    Just to prove it to you… who on this blog has been working remotely in the 2000-2010 time period? I know someone said they have been. How can that be, 3b? How?

    3b says:
    May 5, 2021 at 8:30 am
    Pumps: You have been corrected on remote work could be done 15 years ago,?it could not and we told you why. But you post the same comment again.

  97. Anon says:

    As was pointed out to me, best not to engage with a certain poster. I think the mistake I made was assuming he had a normal brain (or even an abby-normal one) rather than a pair of fused ganglia. Once you understand this the urge to engage in discourse is greatly diminished.

  98. 3b says:

    Anon: he is a piece of work! Completely delusional.

  99. The Great Pumpkin says:

    Anon,

    I am consistently right on my calls. Ignore? Fools will be fools.

  100. 3b says:

    Juice: Understand this! Ok??!!

  101. The Great Pumpkin says:

    Says the guy who was wrong with every position you went against me with. Starting with burbs are dead to remote work.

    3b says:
    May 5, 2021 at 9:09 am
    Anon: he is a piece of work! Completely delusional

  102. leftwing says:

    Quick read of the FB oversight decision, basically punts DJT down the road with the global finding that “there are no rules, make them, and apply them”. Found the penalty and process done was arbitrary.

    I’d have to be crazy to short FB, but the process is grinding toward what the facts on the ground suggest for all these social media platforms…they ban who they want, when they want, and without any rules or consistency. If rules are actually drawn up and consistently applied these places are going to become very boring….

    In other news doge to the moon baby, 0.67. Up 14,000%+ this year.

    $500 would be $7m.

  103. BRT says:

    Why couldn’t remote work be done 15 years ago? I had a few remote college classes back in early 2000s.

    It’s called bandwidth.

  104. PumpkinFace says:

    He keeps saying this. must be referring to himself

    The Great Pumpkin says:
    May 5, 2021 at 7:55 am

    People were depressed sitting at home all day and everyday. Add in the fact that some people are lazy and dirty, well, who want’s to have sex with someone that hasn’t changed out of their dirty underwear in 3 days? Have sex when they aren’t even motivated to shower on a daily basis?

  105. The Great Pumpkin says:

    How Technology Transformed Remote Work & What the Future Holds
    Check out this timeline of how technology opened the doors for remote work and helped shape the virtual workplace we have today:

    1975: The first “personal” computer is introduced. Employees are finally able to work remotely outside of the office and eventually get to take their work on-the-go with a laptop or tablet.

    1990: The internet is born and the World Wide Web helps connect remote workers with email and virtual office tools.

    1990: The Federal government conducts a telecommuting study on 2,000 federal workers. People proved to be more productive, had a better quality of life and work life balance, and cut both expenses and commuting time when telecommuting. Remote workers see these same benefits today.

    1994-1995: Companies like American Express, IBM, and AT&T start allowing their employees to telecommute. With continued success, the idea quickly catches on and spreads.

    1997: Google launches the powerful search engine we know today. Google Search breaks down barriers and creates a place where employers and employees can find each other no matter where they live. You can still locate remote work or workers anytime today, all from performing a simple Google search.

    1999: Centralized project management tools like Basecamp (originally named 37signals) give both management and employees one centralized place to manage workflows remotely. This keeps everyone on the same page, despite living in different zip codes, so everyone’s on the same page when it comes to deadlines and open-ended projects. Over 100,000 companies still use this project management software[*].

    2000s: Wireless internet and broadband open the floodgates. Remote employees can finally work without being tied to a physical location for their ethernet internet connection. This also makes slow speeds from dial up internet a bad memory of the past.

    2002: LinkedIn launches and connects millions of professionals across the globe. You can still network with old friends or coworkers, reach out to potential employers, and follow your favorite companies to see what’s new on this professional platform boasting 562 million users across 200 countries and territories[*].

    2003: A surge of remote workers inspires Skype, a better communication tool for virtual employees. This video conference software helps organizations maintain genuine face-to-face connections with employees even if everyone’s working remotely. It’s also used heavily in remote interviews to put a face and personality to each candidate behind the screen.

    2004: Virtual meeting software GoToMeeting (GTM) helps employees “meet” in a virtual conference room to share presentations, files, and brainstorm together. GTM currently has 2 million active daily users[*].

    2006: Time tracking software Toggl makes it easy for employees to submit timesheets without much effort. This helps remote workers track their work hours and get paid accordingly.

    2009: Slack, which is also the fastest-growing business application in history, creates a way for teammates and managers to communicate from anywhere[*]. Slack continues to be the glue holding entire remote teams together. It supports 8 million active daily users and has over 70,000 paying customers[*].

  106. Juice Box says:

    Left – This pure unbridled speculationbubble driven by Robinhoodies etc is going to crash. The miners love this crap, they mined tons of it 4 or more years ago when it was basically free because difficulty was close to zero now it’s at 6.5 Million difficulty. 80% + of the coins are owned by about 700 different wallets. It’s going to end badly for the new money coming in.

    https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

  107. The Great Pumpkin says:

    1. The History Of Telecommuting
    In the history of remote work, the term telecommuting was coined in 1973 by Jack Nilles, a NASA engineer in his book, the Telecommunications-Transportation Tradeoff.

    While modern-day remote work policies were formulated and adopted by companies after 1999, it predates even the personal computer. In 1979 five IBM employees were allowed to work from home as an experiment. By 1983, the count rose to 2000. I, JC Penny gave its call center staff the option to work from home.

    By 1999, garage startups began to emerge. Most of the entrepreneurs behind such startups were struggling college students or former corporate employees who wanted to branch out on their own. As such, they were on a shoestring budget and couldn’t afford to rent an office, hire more people, or set up an administration.

    The forerunners of today’s entrepreneurs worked out of their homes, lofts, and garages until their cash flow stabilized by getting the backing of investors. The green movement supported the concept of remote working because with fewer vehicles on the road, air, and noise pollution levels dipped noticeably. By 2000, the need for remote work guidelines for employers and employees alike was recognized. In the next section, we’ll go into significant legislation in the history of remote work.

    https://www.sorryonmute.com/history-remote-work-industries/

  108. Libturd says:

    “For many progressives, extreme vigilance was in part about opposing Donald Trump.”

    I think that number is kind of low. Especially when compared with the number of right wing fools who chose not to wear masks as a sign of supporting Donald Trump. Of course, one should expect such bias from the Atlantic and especially from their religious focused writer. I guess better safe than sorry is no longer valid.

    Spoke with my super Trump supporting dad yesterday. He said that his Governor in Florida is perhaps the dumbest politician he has ever witnessed in his 87 year old life. I know it’s opinion, but I’m usually correct about these things. If the Republicans continue to follow the road of populism, then they are going to give more and more power to the Dems. Especially considering the liberal leaning tendency of the younger generations. The smartest thing the right could do would be to forget about the whole Trump movement. But they are simply not educated enough to realize this. Notice, I did not say I support the Left here. As predicted before the election, America did not vote in support of Biden and his policies. They voted against Trump and his. So why is the red team continuing down the wrong path?

  109. Bystander says:

    Dimon and Solomon can talk all the b&g shit that they want. They see themselves as modern day gods who can dictate to their masses. Reality is that people with families are in turmoil from school, after-school and daycare perspective. It won’t sort itself out next month. They are beyond scum for even thinking it can be forced like an edict. They like the headline but reality is that it won’t happen for more than 50% of their workers. Lots of 100% remote jobs out there. If you are cost center making 100-125K a year then lots of opportunities. 150K plus will be difficult. They will find out.

    Also, the dumbest guy in the room calling me smartest guy in the room sure does not seem like a compliment.

  110. Libturd says:

    Juice, on bitcoin.

    It is going to end horribly and will probably drag the rest of the market with it. I was on Facebook this morning and there was a thread about what people “don’t” like about Montclair. You were not allowed to mention the obvious four things. Taxes, leaf blowers. parking and I forgot the last one. Well, one did mention their terrible municipal services and I shared that I moved to Glen Ridge largely due to them. Then he responds, “And like you I will be Voting with my feet. Far far far from here very Very soon. And if $Doge keeps on this pace I may retire”

    There you have it. In the last 24 hours, I’ve heard two landscapers and a floor refinisher talk about their crypto investment. It’s days are numbered. Heck, you don’t even own anything! The moment it collapses, every single establishment that claims to take it will immediately refuse it. Wait until TSLA pulls the plug on it? So many people are going to get murdered financially. Even that ARKK lady. Especially, that ARKK lady. It’s so obvious. At least gold, you can make jewelry out of. Sheesh.

    Go ahead. Tell me I don’t understand it.

  111. joyce says:

    I guess better safe than sorry is no longer valid.

    I agree the article/author was probably biased. But the theme in my opinion was not criticizing ‘better safe than sorry’, it was criticizing ignoring science and taking things to the extreme.

    Libturd, you’re definitely my favorite poster here. But I think at times, and I stress at times not always, you lack the introspection and objectivity that makes the rest of your comments so thoughtful. I wish you the best of luck with your personal situation and the lifelong care required.

  112. The Great Pumpkin says:

    I tried helping you…even paid you a compliment.

    Listen and understand this. The business is not here to make their workers lives easier and happier. They are here to maximize their competitive advantage. That means having the majority of your workers work in a location that develops company culture and drives its competitiveness.

    AKA…for most businesses, going fully remote, or having your workforce all over the place during the week (a mess-all different schedules due to hybrid) puts your company at a clear disadvantage against an “in person” business competitor that is highly organized and focused. The innovation moves at a much more rapid pace when the entire place of business is conducted in one place. Company culture is important. You need to build it, and you don’t build company culture remotely.

    Bystander says:
    May 5, 2021 at 9:58 am
    Dimon and Solomon can talk all the b&g shit that they want. They see themselves as modern day gods who can dictate to their masses. Reality is that people with families are in turmoil from school, after-school and daycare perspective. It won’t sort itself out next month. They are beyond scum for even thinking it can be forced like an edict. They like the headline but reality is that it won’t happen for more than 50% of their workers. Lots of 100% remote jobs out there. If you are cost center making 100-125K a year then lots of opportunities. 150K plus will be difficult. They will find out.

    Also, the dumbest guy in the room calling me smartest guy in the room sure does not seem like a compliment.

  113. EzEssex says:

    Not sure when people will learn. Collectively folks seem to love a good pyramid scheme.

  114. Anon says:

    3B: I no longer read its posts, but I infer from the amount of excrement it’s deposited on the board and from others’ posts that the news regarding certain companies expressed plans to return to physical offices – and the potential impact this may have on housing – has overloaded its ganglia and triggered its central nervous system into overdrive.

    Don’t feed the worm.

  115. EzEssex says:

    “ I tried helping you…even paid you a compliment.

    Listen and understand this. The business is not here to make their workers lives easier and happier. They are here to maximize their competitive advantage.”

    Businesses are comprised of people. They form an ecosystem where unhappy people leave. This is very expensive for the business and if it happens in enough places the business fails.

  116. The Great Pumpkin says:

    Anon,

    Get a life.

  117. Fast Eddie says:

    The business is not here to make their workers lives easier and happier. They are here to maximize their competitive advantage.”

    Agree. My company has stated just recently that the office will return, as it was, pre-covid, in due time.

  118. Bystander says:

    “Collectively folks seem to love a good pyramid scheme.”

    ..and we have crossed into the Cholulu territory with this one. Oz Powell and his merry clowns can talk all they want about no concerns regarding crypto but they know their free gambling policies are going to destroy the market. It is coming. They will announce something by summer to bring it down.

  119. JCer says:

    Bystander you should well know people will follow the dictate, both of those firms have been trying to shed expensive NYC/NY/NJ staff for years now. They don’t care, that’s part of the reason for the dictate, those who can work remote will be replaced by people in cheaper locales. Childcare/schools/etc that’s your problem.

    My wife has like 50 people at GS and lots have pushed back on going in even though the word from on high is that GS is not a remote company and if you don’t get back to the office you will be let go. My wife was going back in for a while even though most of the folks working for her weren’t but then when her MD(the only reason she was going in) got COVID they backed off the 5 day a week requirement and she’s been doing 1-2 days per week in the office. People will do it to keep their jobs. But the biggest thing is now these companies are so non-competitive and the low end they cannot hire junior staffers, that is who they have the issues with. At the VP level they know these folks are paid pretty decently and they are fully exploiting the hiring slow down at all of these banks. Bystander knows fully that 15 years ago a VP from GS could go to his IB get a title bump and a 50k raise pretty easily in tech, right now it’s thin in the big banks and even finding a lateral position is tough.

    GS offered people on my wife’s team a relocation to SLC, complete with zero relo expenses and a 15% pay cut! Basically we are eliminating your job in NYC but you can keep it if you go to SLC at the SLC salary. You can imagine ho well that went, tell people how little you value them and see how motivated they are to do a good job for you and basically their goal is to now find a different position. It’s crazy over there because management forces this and then a lot of these people who are VP’s leverage their network within GS and switch teams. The net effect is they cannot find the experienced hires in SLC or Bangalore, the local talent either shifts internally oar leaves sometimes to tech firms or the regulators, sometimes they get more money a lot of times people are leaving with a salary cut which is very unusual. When I left bystander’s firm as an AD a decade ago I was able to get a 30% bump, then 2 years later left a different firm for a 40% bump to go to MS and left there 2 yrs later and got a 10% bump with a better commute, fewer hours, title bump, etc. At that time 100% salary increase in 4 years was entirely possible, granted I was massively underpaid at bystanders firm but many are and folks from my team indicated I was the 65th person they interviewed for the first job and the 30th for the MS job so apparently the talent pool was very thin. I probably could have held out for more, no one likes to give more than a 20% bump. It’s been dead the last 5 years or so, I started seeing some activity, people moving and getting pay bumps in 18-19 and some cold calls but with COVID it seems dead.

    The only cold calls I’m getting from head hunter now a days is projects that are clearly in peril. Which I’ve done that before and it’s not the way to go, organizations whose hair is on fire are not who you want to join, they’ll pay you what you want but put tons of pressure on you and then discard you like last weeks meatloaf after you fix the immediate emergency because you are comp’d higher than everyone else in your title band.

  120. 3b says:

    Bystander: It’s a joke with Dimon and everyone back to the office. I know for a fact there are whole departments of JPM that are not going back to the office at all, or will be in a few times a month. I have also pointed out to our resident guru on all subjects, that compare have been going geographically agnostic for the last few years as well, so multiple people on a team all geographically dispersed, no need for a physical office. It’s a different world, and it’s not going back to what it was regardless of what Dimon says.

  121. Juice Box says:

    JCer – re: “if you don’t get back to the office you will be let go.”

    Just another way to cull the herd and they aren’t being stupid about it either. NY Times story yesterday. “adds thousands of new hires who will report to work this summer”. Translation you need to be in the office to train your replacement. Anyone who is not here by September in on the list to be replaced.

  122. crushednjmillenial says:

    Well-written opinion piece on state of NJ teacher pension fund. I don’t know if the math behind the opinion piece is correct, but I can conceptually understand what the article author is claiming. He says we are way-underfunded even with Gov. Murphy throwing $6.4 billion into the state pension funds in FY2022.

    For context, FY 2021 state budget for NJ was $40B. Gov. Murphy recently proposed a FY2022 state budget for NJ of $44B. The state pension payments would account for 14.5% of proposed FY 2022 budget (and, according to the opinion piece, that 14.5% is totally insufficient).

    https://www.nj.com/opinion/2021/05/nj-teachers-need-to-be-told-the-truth-their-pensions-are-in-jeopardy-opinion.html

  123. Juice Box says:

    Bystander – re: “no concerns regarding crypto”

    It’s simply not big enough. On paper it looks to be valued in the trillions but the amount of dollars in the flow of funds is miniscule compared to everything else. As I have been saying if it becomes anything more it will be regulated out of existence like they are doing now in China and India.

    Here is one flow of funds report..

    https://pd.coinshares.com/l/882933/2021-05-04/29wlg/882933/1620137835tETSWnNV/Weekly_Flows_03_05_21.pdf

  124. grim says:

    I’ve “worked from home” for 10 years now.

  125. Libturd says:

    Hope your right Juice.

    Joyce, appreciate the criticism. Yes, I’ve heard it before.

    Back to wasting the rest of my day doing an ROI on something that will amount to about $300 a month in cost for the next 27 months. THIS, is what is wrong with the private sector. Still, it’s way better than letting everyone piss it away in the public sector like they do.

  126. Fabius Maximus says:

    So why is the red team continuing down the wrong path?

    There are a few answers to this. The first is that some of them agree with the path. F the poor, minorities go home, regulate those cho chos, pack the courts with right wing wingnuts and keep your knee on the oppressed.

    I suspect some are being blackmailed. When Podestas emails dropped, I said at the time the GOP was probably hacked as well. Those emails are under wraps.
    Some see the power vacuum and want to fill it. There is a rabid base that wants the right type of leadership.

    I said back in 2008 when that Tea Party bus showed up, that if John Boehner didnt cut that movement off at the knees, it would overrun the party. There are a lot of the GOP that are afraid of the base. If they go against it, they will be mowed down in the primaries. So they need to swing hard right for the primary, but cant swing back for the main election.

    Interesting take that I think sums up a lot of them.
    https://johnpavlovitz.com/2019/11/01/this-presidency-has-exposed-my-white-christian-friends/

  127. Fabius Maximus says:

    Also factor in the rabid devotion to their media idols that are just as dumb as they are.
    https://twitter.com/steve_vladeck/status/1389943391652306944/photo/1

  128. leftwing says:

    “The smartest thing the right could do would be to forget about the whole Trump movement.”

    Keep the movement, ditch DJT would be smartest.

    “If the Republicans continue to follow the road of populism, then they are going to give more and more power to the Dems. Especially considering the liberal leaning tendency of the younger generations.”

    I’ll take the other side of this trade…’populism’ is the way forward. Thinking about US national politics in the confines of the traditional left/right bifurcation is becoming obsolete. The national party that capitalizes on this turn of events will prevail or something new may very well arise.

    Two big picture road signs drive this thesis…

    Voters identifying as Independent not only have a plurality but are approaching a majority. As of Dec 2020 party identification was R (25%), D (31%), and I (41%).

    The last time we had a ‘clean slate’ Presidential election – no incumbent – the disruptive, non-Party candidates won 66% of the popular vote cast. That number is unmatched in modern Presidential electoral history.

    Let that last point sink in….Trump was a Republican for convenience only, he was never part of the Party apparatus and in fact he was once a registered Democrat. He won the Republican primary with 45% of the popular vote. Sanders is literally not a member of the Democrat Party yet he won 43% of the popular Democrat vote. Take the 41% of voters identifying as Independent and then add 14% for Sander’s Dems (43% of 31%) and then add 11% for Trump’s Republicans (45% of 25%) and fully 66% of voters repudiated the two major Parties in 2016.

    The future is not Right or Left.

    It is populist, or whatever other term you want to describe this zeitgeist of Party repudiation.

    The writing on the wall could not be more clear…..which is why Bernie scared the death out of the Dems and DJT scares establishment Repubs despite ‘prevailing’ for their respective Parties.

  129. BRT says:

    Well-written opinion piece on state of NJ teacher pension fund. I don’t know if the math behind the opinion piece is correct, but I can conceptually understand what the article author is claiming. He says we are way-underfunded even with Gov. Murphy throwing $6.4 billion into the state pension funds in FY2022.

    For context, FY 2021 state budget for NJ was $40B. Gov. Murphy recently proposed a FY2022 state budget for NJ of $44B. The state pension payments would account for 14.5% of proposed FY 2022 budget (and, according to the opinion piece, that 14.5% is totally insufficient).

    https://www.nj.com/opinion/2021/05/nj-teachers-need-to-be-told-the-truth-their-pensions-are-in-jeopardy-opinion.html

    I live in reality, and fully expect to be lucky to collect even 50% of what’s promised. Everyone else is living in lala land.

  130. grim says:

    Fix it? Impossible. Failure is the only option.

    Defined benefit is a ponzi scheme, it should be illegal.

  131. Bystander says:

    JCer,

    As always, appreciate your take on situation. Honestly, living my own work hell and have lost touch with so many co-workers at other firms in last year. I knew GS was pushing to SLC but no idea of headline vs. ground reality. That is bad. The whole situation in NYC is bad for many, many workers. Without leverage or significant dual income, it truly is a race to bottom here. I sent ex co-worker message on Monday. We have not talked in 3 years. He is older 64 or so and towards end of career. We had very good relationship and he menitioned some SAP business development roles available. Talking on Friday so fingers crossed.

    Juice,

    It will be interesting 6 months. Lots of us should be analyzing our career, our health, our families..times are changing. Many will do as told but many will not. How much turnover risk are GS and JPM willing to live with. If my IB made edict (which they have not, the opposite message really), then I would probably use the law to delay the inevitable for a long time while I developed plan B. Mine is simple. I worked in illegal glass barrier room, jammed with 8 people. I have health concerns about returning..yada. The game will be played.

  132. The Great Pumpkin says:

    Not a well written piece. It’s opinion based hit piece on nj teachers.

    Why doesn’t this guy explain why it’s in so bad shape. He leaves that part out.

    I love his solution: after being robbed blind, he now wants teachers to cut their benefits. Lmao…and you wonder why teacher’s need a union. Imagine if they didn’t, they would have nothing. The pension fund would already be insolvent.

    Yeah, police and fire well funded, but teacher pensions are the slush funds. F’ed up game. Hope NJEA DOES NOT GIVE IN AT ALL…we have given enough. I’m sick of being robbed.

    crushednjmillenial says:
    May 5, 2021 at 11:41 am
    Well-written opinion piece on state of NJ teacher pension fund. I don’t know if the math behind the opinion piece is correct, but I can conceptually understand what the article author is claiming. He says we are way-underfunded even with Gov. Murphy throwing $6.4 billion into the state pension funds in FY2022.

  133. The Great Pumpkin says:

    Police get paid more and retire a lot earlier, yet their fund is fine.

    Teachers (field that is disrespected by joe p and filled predominately with women) gets screwed. I wonder why?

  134. Phoenix says:

    “I agree the article/author was probably biased. But the theme in my opinion was not criticizing ‘better safe than sorry’, it was criticizing ignoring science and taking things to the extreme.”

    Joyce, I read it as well. To me it seems the author was was a bit dismayed by the lack of ability for some to do a re-assessment with the updated information and to adjust lifestyle accordingly. As someone in the industry, I can tell you for sure that this is done on a daily basis and as knowledge is gained about this threat policy changes occur quickly.

    What I find disturbing is how adults who run colleges have decided that they will dictate that the youth should be forced to take a vaccine in order to receive an education when they are at low risk, yet a boomer, who is at higher risk, is collecting government benefits in the form of Medicare (which is directly financially impacted by Covid) and is not being forced to take the vaccine.

    If you are not forcing the older generation in any way, why pick on the youth? If you are going to do it for both it would be understandable.

    Well if Gramps is going to complain, not take the vaccine, then whack Medicare with a 700k bill trying to save him in his last year of life, then why should a college student be forced to take it? After all, isn’t Gramps also getting paid for by that working college student? That student is paying into Medicare, that soon to be bankrupt relic from the 1960’s.

  135. Phoenix says:

    “Police get paid more and retire a lot earlier, yet their fund is fine.

    Teachers (field that is disrespected by joe p and filled predominately with women) gets screwed. I wonder why?”

    That’s easy.

    They are the enforcers for those with power. The kneecap breakers, those who are there to keep you in line, including rogue teachers. It’s why judges are unlikely to rule against an officer in court-as they need them to do their job, they are all part of the same team.

    Teachers are expendable. It’s not rocket science. We can teach long distance, but if you want to choke someone, push them around, seize property, destroy someone’s life, or just plain fully ventilate someone, the police are the best at that.

  136. leftwing says:

    “Even that ARKK lady. Especially, that ARKK lady.”

    CNBC reports ARKK is now in the lowest 1% of funds ranked by return for midcap growth funds.

    I’ve cooled on her even more. Previously, I liked her for idea sourcing but showed where she was overwhelmed managing a portfolio of this size.

    Both points remain valid but I have a new issue with her…..she’s now market timing/trading…..I can buy into the whole disruptor thesis – if you can actually deliver it in the confines of the fund you manage (which I’ve already argued she isn’t doing adequately). But now she is just flitting in and out large cap tech….the TWTR purchase the other day post earnings sealed it for me….

    If I want someone to trade around earnings of highly liquid, high volatility tech stocks I’ll find them…I certainly don’t need a CIO/strategist who has already demonstrated her market operations deficiencies in her primary portfolio trying to play short term hedgie trader…..

    Sell.

    Unless it is a “rising tide raises all boats” return to high growth tech – in which case why do I need her – her funds have seen their highs relative to their peers group.

  137. Libturd says:

    Leftwing,

    As always, great response. I agree with nearly all of it, but where I differ is in your statement, “Keep the movement, ditch DJT would be smartest.”

    I see DJT as the movement. I agree that we need something better than what the two parties continue to bring us, but I don’t feel the DJT movement represents a center nor a compromise. The result, a new party/perspective/whatever you want to call it, would be wonderful. But the means to get there, I just can’t handle. I suppose I’m talking about the lying. And without the lies, you lose the crowd who is so hungry to believe them. I suppose this is why we were going to open up by Easter?

    I still think compromise will be the only solution. I don’t care which side the savior comes from as the result would please most. Could you imagine if someone actually offered an olive branch to the opposing party. Say, I’ll trade you not stacking the SC in exchange for the end of the filibuster. Or even term limits for SC justices. Same with guns. There is a compromise between an all out ban and the continued punishment of legal-law abiding gun owners. Of course, the position of the gun owner is that if you give an inch, they’ll take a mile. There has to be compromise.

  138. Libturd says:

    Phoenix,

    “If you are not forcing the older generation in any way, why pick on the youth? If you are going to do it for both it would be understandable.”

    It’s not what is optimal. It is what is legally possible. You know, our wonderful justice system fukcing up fairness.

  139. Fabius Maximus says:

    Left the only thing you can take from those numbers is that support for the GOP is cratering. It was R(35%) D(35%) for the longest time.

    No matter what those numbers change to, it does not address the biggest barrier to change.

    “Perot won 18.9% of the popular vote, the highest share of the vote won by a candidate outside of the two major parties since 1912. Although he failed to win any electoral votes ….”

  140. Libturd says:

    Fab,

    He was pointing out the protest nature of the vote. Not cheering which side (hence the Sanders’ numbers).

  141. Phoenix says:

    Got a match on E-Harmony this morning. Hoping it would be Melinda Gates. Got this instead.

    https://www.dailymail.co.uk/news/article-9544215/Woman-47-lit-home-fire-sitting-lawn-chair-watching-burn.html#i-65033fd1419c50b0

  142. leftwing says:

    Good reply Lib….

    “I don’t care which side the savior comes from as the result would please most. Could you imagine if someone actually offered an olive branch to the opposing party. Say, I’ll trade you not stacking the SC in exchange for the end of the filibuster.”

    Only reply here why would anyone on one side of the boat see that as a compromise? You’re taking two points wanted by one side, giving up one, and calling it a compromise. If I could set up and win those negotiations I’d own half the Caribbean….lol

    I’ll agree with you but go a different direction…..how about a candidate supported by both parties? Or a split ticket, which has precedence…the Lincoln-Johnson ticket in 1864 on the newly created National Unity Party formed specifically for that purpose, to attract common minded voters from both parties during a time of major polarization……

    History rhymes, if not repeats……

    I personally like one person getting on the slate of both parties…..pick your guy. For it to work needs to be a non-politician.

  143. crushednjmillenial says:

    Wild ride in ETC (Ethereum Classic) today if anyone is looking for volatility to trade.

    I can’t get a read on it, so I don’t know if next stop is $150/coin or $20/coin.

  144. Libturd says:

    Agreed. And less extreme too. Not someone who wants to change the world. Just someone who wants to fix what currently exists. Start with term limits and all of those little known perks and then move onto shrinking government and making it more effective.

  145. The Great Pumpkin says:

    ARK has returned 600% over 5 years. If you are a short term trader, it’s a bad buy right now. If you are a long term investor, it’s a good time to start developing a position as it gets beat to sh!t.

    I personally think this market oversold on the entire tech side. It’s easy money. They are beating up tech way too much that it’s creating beautiful opportunities. Apple down over 4% yesterday?! Okay, if you say so.

    Maybe a correction is coming…who knows and who cares if you are playing it long. The correction only provides opportunity in the long term game. That’s why it’s easy to win long term, but difficult to win at the short game. Big money to be made with short term, and also lots of money to lose. If you play it short, understand more people lose in the short game than win. At the end of the day, picking stocks is not easy. ETF funds give you much better odds.

  146. Phoenix says:

    Just leave it the way it is long enough for boomer to set sail off into the sunset.

    Grandfathered with bennies, of course.

    And the debt, unpaid to the youth. Sounds like a plan.

  147. The Great Pumpkin says:

    Sad, but true. You don’t mess with cops…

    “They are the enforcers for those with power. The kneecap breakers, those who are there to keep you in line, including rogue teachers. It’s why judges are unlikely to rule against an officer in court-as they need them to do their job, they are all part of the same team.”

  148. leftwing says:

    “Agreed. And less extreme too. Not someone who wants to change the world. Just someone who wants to fix what currently exists. Start with term limits and all of those little known perks and then move onto shrinking government and making it more effective.”

    You and I are spot on.

    Let’s form our own ticket. You can even have the big seat LOL.

  149. Phoenix says:

    You wanted an answer Pumps-

    There it is. Suck it up. And an attorney is as or more dangerous than a police officer is. Even they are afraid of attorneys.

  150. Phoenix says:

    “shrinking government and making it more effective.”

    Let’s start with a small task. Like eliminating telemarketers.

    Hey we put men on the moon in the sixties. Should be able to do this, right??

  151. Bystander says:

    Lib,

    If you want to get down to it, the left expects perfection from their candidate. They must uphold the sometimes insane virtues of the party in terms of justice, fairness and PC BS. It is puke worthy quite often. We get it. The problem is that on the right, they only care that the candidate pi$$es off the left. They love them more for it. They have no platform other than don’t take my guns or talk down to the big book of God’s bad ideas..no matter what. It is laughable to call them fiscally conservative party anymore.

  152. The Great Pumpkin says:

    “I’m calling my lawyer.” Might be the most terrifying words spoken in America. Even if you didn’t do anything wrong, a lawyer can screw your life up.

    Phoenix says:
    May 5, 2021 at 1:02 pm
    You wanted an answer Pumps-

    There it is. Suck it up. And an attorney is as or more dangerous than a police officer is. Even they are afraid of attorneys.

  153. The Great Pumpkin says:

    They are the ultimate manipulators.

  154. Phoenix says:

    Pumps
    It’s only terrifying to those who want to follow the law, or who have something to lose.

    Once someone takes you past that territory, all hell breaks loose.

    Don’t mess with someone who has nothing to lose, or turn them into someone who feels that way. It makes for a bad day.

  155. Phoenix says:

    Perfect song for this weather. Go T Boone

    https://www.youtube.com/watch?v=OCNgC2cSXzc

  156. BRT says:

    Police get paid more and retire a lot earlier, yet their fund is fine.

    Teachers (field that is disrespected by joe p and filled predominately with women) gets screwed. I wonder why?

    Because their union leaders aren’t on the take collecting millions of dollars in salary and diverting union funds to “non profits” they sit on the board of. The police never allowed their pension to go unfunded….the NJEA embraced it.

  157. BRT says:

    Picking stocks is not easy, unless you are Cathie Wood, then it’s easy for her.

  158. Libturd says:

    “Because their union leaders aren’t on the take collecting millions of dollars in salary and diverting union funds to “non profits” they sit on the board of. The police never allowed their pension to go unfunded….the NJEA embraced it.”

    Yes! I always said, if the teachers wanted to make the fund whole, they would strike (and yes I know it’s illegal). The Union is responsible for this mess. Not the teachers. But go on teaching and paying your dues. The mayor of Montclair prefers it that way.

  159. 3b says:

    Phoenix: So you don’t care that your cars warranty is about to expire?

  160. The Great Pumpkin says:

    Exactly. You are finally getting it. lol

    She is a unicorn. She truly understands the disruptive trend game better than anyone else.

    BRT says:
    May 5, 2021 at 1:30 pm
    Picking stocks is not easy, unless you are Cathie Wood, then it’s easy for her.

  161. Fast Eddie says:

    “Montana plans to stop some of its federally-funded unemployment benefits to address “the state’s severe workforce shortage,” according to its labor department, which will leave many out-of-work residents without any support at all.”

    https://www.yahoo.com/money/montana-plans-to-cancel-unemployment-benefits-161755830.html

  162. Hold my beer says:

    Phoenix

    Next time a telemarketer calls ask them if this is a front for the CIA. No matter how they reply, say “that’s exactly what a spy would say”. Then hang up.

    A telemarketer asked me if I had a smart dishwasher. I said “no, my wife’s pretty dumb”.

    They don’t have scripts for replies like that

  163. Phoenix says:

    3b,
    Haha. I get that message left at least 3-4 times per week. Of course, on a do not call list, but Google screens my calls for me and dumps them into voice mail.

    What are government prosecutes- ZERO. And they execute a man for a fake twenty dollar bill, or selling a “loosie.”

  164. Phoenix says:

    HMB,

    Yeah, you would think the muppets with their JD degrees could do something as simple as write a law with penalties so severe that you would never receive a call like this.

    But they have friends in those businesses, so they allow them to harass us while pretending to do something about it.

    As far as Montana goes, I’d be there in a heartbeat if it were not for my child and the NJ ball and chain legal system that keeps me here as I would have to give up my kid.

  165. Phoenix says:

    If I go to Montana I could get me a crazy just like I had over here. They just call them Buckle Bunnies there.

    Same thing, different title.

  166. leftwing says:

    “Next time a telemarketer calls ask them if this is a front for the CIA. No matter how they reply, say “that’s exactly what a spy would say”. Then hang up.”

    Don’t they get paid based on some measure of conversions? If I inadvertently get caught by one it’s usually a midwest area code with an unrecognized number so I suspect it may be my youngest needing some level of bailout and take the call.

    I just throw them on speaker as I do something else, sound interested but ask stupid as hell questions, and then at some point when it dawns on them I’m really not interested I tell them so and that I’m just fcuking with them to screw up their numbers.

  167. JCer says:

    Phoenix the law doesn’t matter, these operations are all offshore. The phone companies in the US need to prevent these scammers from spoofing random phone numbers. We should be able to trace the origination of the offenders and proactively block them like a spam filter for phone calls.

  168. joyce says:

    11 weeks vacation… plus this

    The audit found that the police chief was paid out for unused vacation time in 2017 and 2018, despite his employment contract prohibiting such payments. He was paid for 50 unused vacation days in 2018 and 30 days in 2017. The payments were based off his yearly salary, which was $208,032 in 2018 and $203,953 in 2017.

    O’Hare, in the borough’s response, said there will be no more buyback of any days. He also said he “truly believed, as did the chief of police, that his contract did in fact contain the same wording as his previous contract and succeeding contract regarding the buying back of vacation time.”

    https://www.nj.com/monmouth/2021/05/police-chief-got-11-weeks-vacation-other-cops-employees-got-excessive-payouts-audit-says.html

  169. joyce says:

    I guess clawing back the money is impossible?

  170. The Great Pumpkin says:

    A proliferation of new suburban offices could help fill empty retail space. They could also further blur the distinction between residential and commercial neighborhoods and help remake metropolitan areas.

    https://www.wsj.com/articles/suburban-homes-and-retail-are-the-budding-new-office-hotspot-11620129603?st=d5iily7glpqctb6&reflink=article_copyURL_share

  171. The Great Pumpkin says:

    That Vacant Store May Reopen as a Public School

    Landlords are focused on the nation’s 7,500 charter schools to help fill spaces that were vacated during the pandemic. Schools can also bring added business to shopping centers. “We are getting more foot traffic,” said Don Zebe, a commercial broker at real-estate brokerage Colliers International Group, who leased space to a school.

    https://www.wsj.com/articles/that-vacated-sears-store-may-reopen-as-a-public-school-11620120601?st=9rtrpqv3h2diely&reflink=article_copyURL_share

  172. Phoenix says:

    Joyce
    Impossible. No.

    Is it work? Yes.

    Are government employees lazy. Yes.

    Prosecutors the most lazy. Yes.

    Protective of their own. Yes.

    What did you learn from the last week where a judge demoted one cop after he was trying to bang the teenage daughter of his staff member?

    How many times do you have to read these things before you realize it’s the most messed up “industry” of all?

    Ever watch the movie “Kids for cash?” Everything you need to know about a judge. Only happened three miles from NJ. It’s a horror story.

    https://en.wikipedia.org/wiki/Kids_for_Cash

  173. leftwing says:

    The dishwasher guy got through to me. Had him on the phone for almost ten minutes. I was ready to commit. Looking at exactly that type of model and buying now, re-doing my kitchen as we speak. Spent a lot of money, just need the dishwasher. Have only one special question, my cabinets were new and custom, and the dishwasher had to go sideways. Would it work still?

    Had an insurance guy going for the longest time. Wow, really, what a great time to call I’m actually looking for new life policies, change of circumstances, re-doing everything, need two or three policies maybe to cover the ex- and kids…but I have a special condition…played coy as hell, made him take time to tease it out of me. “I’m sure we can get you insured sir, we deal with all conditions”….Uhmm, I have two pen1ses. Does that matter?

    LOL, that last guy actually cursed at me before hanging up. I nearly pulled a rib I was laughing so hard.

  174. Hold my beer says:

    Left wing

    Have you ever walked into the bathroom dropped the toilet seat lid and flushed, then washes your hands while you have them on speaker?

  175. The Great Pumpkin says:

    At CoStar Group, a real estate data company, anyone who is vaccinated and in the workspace is eligible for a daily prize. In the weeks ahead, a CoStar office worker could be off in the Caribbean on a free vacation, or charging up a shiny new Tesla Model S. More companies are now offering perks to convince employees to work from the office instead of at home.

    https://www.wsj.com/articles/barbados-trip-a-tesla-returning-to-the-office-at-this-firm-has-its-rewards-11619967601?st=qh8i1t9ex8xswav&reflink=article_copyURL_share

  176. Fast Eddie says:

    A decade ago, I made the mistake of putting my contact information in an investment firms site because I was just curious to read their strategy and why they claim they get bigger returns than passive investing strategy. I had no intentions of giving this firm my business. It was just curiosity. The first few phone calls were fun, stringing them along, subtly telling them why broad indexes and passive strategy will ultimately beat them.

    I asked one “expert” to show me his investment gains over a period of ten years and if they have returns better than mine, I would give him/them 5K to invest. He balked on showing the returns. A decade later, despite asking them repeatedly to stop calling and to take my number off the list, they still call. I don’t even answer the phone if I see the caller ID or if they happen to get past my “hello” without an ID and introduce themselves, i just hang up.

  177. grim says:

    The phone companies in the US need to prevent these scammers from spoofing random phone numbers. We should be able to trace the origination of the offenders and proactively block them like a spam filter for phone calls.

    Lol, AT&T actually sells the ability to spoof caller id as a service. They don’t actually call it that, but it’s essentially exactly this.

    Then, the wireless side of the house, sells you an app to blocked these same spoofed calls.

    Profit from both sides. Who says AT&T is a dinosaur?

  178. grim says:

    CDC coming out today saying they are expecting a surge this summer? Comeon

  179. leftwing says:

    “Profit from both sides. Who says AT&T is a dinosaur?”

    Start at 1:08

    https://www.youtube.com/watch?v=sENssnI9CGc&ab_channel=UKspreadbetting

  180. Hold my beer says:

    Grim

    Maybe in the states with low infection rates like Oregon? Only 5% have had it there. Or is there a variant that the vaccines don’t work on?

    Or they want to keep everyone locked inside watching netflix and getting drive thru.

  181. leftwing says:

    HMB, solid idea, I’ll have to work the bathroom into my repertoire…lol

  182. chicagofinance says:

    Radar detector companies….. they used to sell the radar to the cops and then sell the detectors to the public…..

    grim says:
    May 5, 2021 at 4:18 pm
    The phone companies in the US need to prevent these scammers from spoofing random phone numbers. We should be able to trace the origination of the offenders and proactively block them like a spam filter for phone calls.

    Lol, AT&T actually sells the ability to spoof caller id as a service. They don’t actually call it that, but it’s essentially exactly this.

    Then, the wireless side of the house, sells you an app to blocked these same spoofed calls.

    Profit from both sides. Who says AT&T is a dinosaur?

  183. Phoenix says:

    “CDC coming out today saying they are expecting a surge this summer? Come on”

    Boomers refusing to be vaccinated.

    Thanks again.

  184. Libturd says:

    CENT

    Q2 fiscal 2021 net sales increased 33% to $935 million (est. 837M)

    Q2 fiscal 2021 diluted EPS grew 69% to $1.32

    Analysts predicted 92 cents. That’s a 44% beat. Ho hum.

  185. chicagofinance says:

    Paul Sankey on CNBC right now.
    Sell ARKK
    Buy XOP

    LOL

  186. JUice Box says:

    Happy Cinco de Drinko…aka Cinco de Mayo the day Mexico beat France in a battle. Imagine if they lost that war would they be a part of the EU today? I will be drinking a nice American red tonight in honor of our fellow North Americans who defeated the colonialist Europeans in a battle for independence.

  187. Juice Box says:

    CDC is supposed to be coming out soon with guidance on social distance rules. 6ft to be reduced to 3ft or 1 meter. We have one now for Skool as it was reduced to 3ft, no science behind it, just well because. I would prefer a meter to screw up the everyone..

    Surge this summer? Why are we importing unvaccinated senior citizens to fill up the hospital wards with paying customers?

    BTW – The CDC guidance for summer camp, “outdoor” summer camp is insane.

    Example. This is for all activities indoor out out. Might as well be trying to herd cats.

    “Campers should be placed in “cohorts,” and their interaction with people outside the cohort must be limited.
    There should always be at least three feet between campers of the same cohort, and six feet between campers of different cohorts.”

    https://reason.com/2021/05/04/cdc-summer-camp-guidance-masks-covid-19/

  188. Libturd says:

    O thing on the fed eviction ban?

  189. Juice Box says:

    We said sell AARK at peak in February. It’s down about 30% since then. I went long an oil fund this year it’s way up as GS said oil was headed back to $80. It will probably overshoot that as demand is pants up and OPEC is not going to give it away for nothing last year hurt them badly, deficits for everyone..

  190. Juice Box says:

    Yes another judge said CDC overstepped the Federal law on evictions. However our very own Gov Murphy created Executive Order 106 back in March of 2020. It is extended until at least June 16, 2021. Who wants to bet in an Election Year Gov Murphy is going to continue to extend it?

    BTW the bonding the “New Jersey COVID-19 Emergency Bond Act” expires in June too. Did he borrow all that loot? Up to up to $9.9 billion for last year and this. I would love to know where that money went besides the teachers pensions.

  191. crushednjmillenial says:

    CDC federal eviction ban being struck down opens up a lot of people to the prospect of evictions across the nation, because many states do not have eviction bans in place (See link below).

    Still, the federal eviction ban was never ludicrous, because with regard to NONPAYMENT, it is at least required a tenant to make an appearance and make a showing of financial hardship due to Covid. The federal eviction ban did not bar evictions due to issues other than nonpayment. Thus, its protections were limited to people suffering financial hardship due to covid.

    In NJ, our eviction ban is overreaching because it bars all evictions based on nonpayment (whether there was job loss or not) and creates a high bar for issues other than nonpayment.

    https://www.nolo.com/evictions-ban

  192. Juice Box says:

    re: spoofed calls.

    The tech is super simple using VOIP…just modify the “From” header of an SIP message. It takes advantage of the integration trust between newer Internet Protocol (IP) network with the public switched telephone network (PSTN) systems.

    Not an easy fix. Might require a few hundred billion and some Blockchain tech with a few new coins.. SPOOFCOIN trade it NOW to get rid of robo-callers….

  193. grim says:

    NJ vax rate cratering as fast as the covid cases.

  194. JCer says:

    Juice, it seems the FCC isn’t useless. They are instituting a new requirement which uses cryptographic hashes to prevent spoofed caller id called STIR/SHAKEN. It is along the lines of what I was thinking, you would need to use certificates to validate the trust relationship and reject any call originating from un-trusted providers, this will allow fines to be levied for fraudulent calls. This should greatly reduce the number of robocalls as those violating do not call will no longer be able to be anonymous. I think the date is 2023 for all providers to comply.

  195. grim says:

    STIR/SHAKEN is what you are thinking of JB

  196. Juice box says:

    I am familiar, was at a Gartner conference eons ago that talked about it. I just thought it was a waste of encryption if you cannot make billions from the Plebes with blockchain.

  197. The Great Pumpkin says:

    Cathie Wood’s ARK Innovation exchange-traded fund is significantly oversold and due for a bounce, but if it doesn’t get one the popular fund risks suffering a steeper decline that could spell some trouble for the broader market, says one chart watcher.

    “With the big down day yesterday, ARKK actually violated a trendline that connected some notable lows going back to September, which isn’t ideal,” said technical analyst Andrew Adams, in a note for Saut Strategy on Wednesday. “It nowneeds to recover this line quickly or risk breaking down in a possible waterfall decline.” (See chart below)

    https://apple.news/AD_3PlUFaTJ-WcHu9PjMKEA

  198. The Great Pumpkin says:

    What I said earlier, maybe major correction is upon us. Who knows, but if it does happen, I’m buying the sh!t out of her funds on another big drop. That’s free money opportunity if it drops another 30-50%. The stuff dreams are made of.

  199. Libturd, just went over the right center fence says:

    Bad dreams.

  200. Juice Box says:

    Gotta say Space X is awfully busy in the last week.

    They stuck the starship landing today, 60 more Starlinks launched yesterday to get the constellation up to 1500 satellites, return of astronauts safely three days ago and Elon on SNL this week.

  201. leftwing says:

    Don’t respond, he’s a fool.

    Let him keep buying all the way down.

    I’m sure he’s aware that AMZN – the actual unicorn all her companies aspire to be – lost 95% of value and was dead money for ten years….

    AMZN was $113 in 4Q99, bottomed at $5.51 in 4Q01, and didn’t regain its prior high until 4Q09……

    Toss up as to which source he posts that is more ridiculous…the reddit columns written by high schoolers playing with $200 in a Robinhood account or someone performing technical analysis on an ETF…..of course, it’s all the same to him….Caaaathieeeeeee!!

  202. Brt says:

    The oil play was a perfect storm for investing the past year.

  203. Brt says:

    Taiwan semiconductor opening up in Arizona. This is a huge win for the country.

  204. leftwing says:

    XOM in the low 30s was a wet dream….

    Saw TSCM. Isn’t Intel opening a fab in the Southwest as well?

    Kind of surprised on location, those facilities must need serious temperature control.

    Great first period in the Rags game lol.

  205. The only way to reach Chinese buyers and renters from inside China is through Chinese social media. There are literally hundreds of choices but WeChat is the best one for real estate agents wanting to reach Chinese real estate buyers. We just focus on growing your WeChat network and present you and your listings in a way that makes sense to overseas Chinese buyers and you’ll be in a good position. We farm your accounts networks and add thousands of followers daily. Among them Chinese business owners and CEO, private investors and other. Make visible your properties in front of your next Chinese wealthy buyers in WeChat. Publish your properties on the biggest Chinese real estate websites – http://www.chinahousebuyers.com

  206. Juice Box says:

    re: Huge win…..Seems like no more f-king around…..Perhaps Taiwan semiconductor will be moving the entire country of 24 million here?

    I kid of course, however the plant will be cutting edge 5 nm aka the next gen process. I remember reading a paper about it when IBM created the process back twenty years ago something like 1/5 a billion transistors on a chip. They never capitalized on it really besides licensing.

    Customer must be Apple, imagine no chips available for Apple iPhone etc because they were being made in China? Assembly however, either real robots or the bio robots over seas….This one I will have to look into….

  207. The Great Pumpkin says:

    Who cares if you are long term? That’s why you could never have handled the Tesla or Bitcoin run over the past 10 years. You are a short term trader. You clearly don’t understand the market in a long term risk taking manner. Cathie is the BEST at understanding disruptive trends. She makes a lot of money on long term value because of people like you that continue to double down against her.

    Bitcoin fell 80-% in a given short period, who cares, if you understand long term that I can still make more? She sold off her Bitcoin in 2018. She then bought back in. She is the closest thing to god at stock picking there is.

    The fact that it is now a contrarian bet to be on ark makes me feel f’ing great.

    leftwing says:
    May 5, 2021 at 7:53 pm
    Don’t respond, he’s a fool.

    Let him keep buying all the way down.

    I’m sure he’s aware that AMZN – the actual unicorn all her companies aspire to be – lost 95% of value and was dead money for ten years….

  208. The Great Pumpkin says:

    Call me a fool all you want…the only thing I got wrong was pancake in a batter.

    Taught me invaluable lessons about the market and how it works at a very deep level. Truly mind blowing. Truly pays homage to understanding that wealth is made when buying the blood in the street.

    When buying blood in the street, don’t expect to get a tap on the back, expect joe public to think you are an idiot. These same people told me to buy stocks instead of a “dead” investment in real estate back in 99. That’s why I laugh at you fools. My grams didn’t just hand me something, she sold it to me to keep it in the family. The only family member willing to pay market rate for the house. Real estate was dead at that time. Only losers were buying real estate in 99…🌶🔥🤘🏻

  209. njtownhomer says:

    TSM is coming to US first for AAPL, soon AMZN, GOOG and MSFT would use it.

    I’ve been to Hsin-Chu fab. It is massive and creating the biggest value for the country.
    Semi fab locations in US are limited, mostly set by talent pool and infrastructure and supply chain based. Temp control is not a big deal, but there are tons of chemicals that need to be babysat and clean water should be abundant. Good thing will be the jobs it will bring for many.

    Samsung is also expanding in Austin for the next 5nm fab. In a few years, 3nm is coming up. Nothing is visible beyond that.

    https://en.wikipedia.org/wiki/List_of_semiconductor_fabrication_plants

  210. leftwing says:

    Phoenix, from the comment section, figure you’ll appreciate….

    “The system is NEVER going to find itself wrong and punish itself accordingly.
    Your parents ever ground themselves?”

    NJTH, TY. Wiki for every topic these days.

    CNBC this morning, Andrew Ross Sorkin looking visibly pained and ready to cry as he discusses Biden support for abrogating patent rights.

    WTF did you expect from your tribe when you elected them? They TOLD you out loud what they believe…

    At least he’s not mean.

    And maybe the rest of the world ‘respects’ us again, whatever the fcuk that means…

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