From CNBC:
Pending home sales drop in June — more evidence of a housing turnaround
Pending sales of existing homes in June as measured by signed contracts fell 1.9% from May, according to the National Association of Realtors.
Sales were also down 1.9% compared with June 2020. Pending sales are a forward-looking indicator of closed sales in one to two months.
“Pending sales have seesawed since January, indicating a turning point for the market,” said Lawrence Yun, Realtors’ chief economist. “Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat.”
Prices in May were up nearly 17% compared with May 2020, according to the latest reading from the S&P Case-Shiller national home price index. That is the largest annual gain on record. Prices in June could very well top that, given the still tight supply of homes for sale, especially on the low end of the market.
Yo! says:
July 30, 2021 at 6:20 am
“Libturd says:
July 29, 2021 at 3:45 pm
Yo,
Aren’t we comparing the Covid lockdown Spring devoid of sales with the following half year not only not locked down, but also containing the pant-up demand release from the vaccine infused rally?”
Compare January and February 2021 – before Covid vaccinations were widespread to January and February 2020 – when Covid hadn’t yet impacted the US economy. New Jersey home prices skyrocketed 23% on a 15% increase in volume.
Of course Covid has impacted consumer behavior in many ways. I think the strong housing market has been driven more by other factors, specifically a shortage of for sale inventory combined with an increasing sense of urgency seen in prospective buyers.
http://njar-public.stats.10kresearch.com/docs/lmu/2021-02/x/EntireState?src=map
shrinkflation…..anybody have a English muffin lately…
Don’t follow, June 2020 was hot hot hot for housing.
Normally there is ‘static’ around evaluating any financial decision…no market goes straight up or down and no one buys at an absolute low and sells at an absolute high…
Usually though one was assured of medium term direction, a reasonable bandwidth of repeatable annualized returns, and a baseline legal, regulatory, and economic environment.
There is no longer just static…there are sequential random HS garage band acts rotating through your bedroom with MetLife level concert speakers….
The unprecedented Fed monetary policy overlaid on the COVID shock of closing an entire economy against the volatility of legislative “cancel culture” makes any type of reasonable analysis impossible.
I cannot imagine trying to evaluate any major financial decision right now. Housing, for sure.
Same for stocks Lib. Happy HZO worked for both of us, did see MDC and the rest of the regional builders pop on their earnings. I’m still holding to my option strategies…although it takes a lot of work I generate much better than S&P returns. Of course to do so I am taking on more risk, however, I am able to draw a hard line under potential losses so I won’t ever wake up on a Monday with the rug pulled and as I’m trying to adjust find myself down 35% on Wednesday.
Tiring strategy, not optimal for me (or in the aggregate capital markets), but with the aforementioned current monetary policy, fiscal policy, and political environment (in which I include increasingly random COVID responses) it’s the corner into which I’m painted.
I see Yo! in here a couple times trying to rationally discuss real estate. I would love to. Problem is that right now we might just as well discuss the merits behind various roulette strategies. Anyone telling you they have a “winning strategy” for either is a fool or charlatan. The level of distortion is deafening – cue the kid with the bad electric guitar solo.
Looks like a very nice weekend coming up, starting today. Enjoy, everyone!
So looking for a serious discussion here and requesting any hard data sources…
Meaning since it’s so nice today and I’m in such a good mood I’m going to ignore the usual one liner banal idiocy from one of our three or four resident flaming liberal trolls should they try to do their usual post hijacking….
I pulled my vax card to make sure I had my data correct…my vaccinations were later Jan and mid-Feb. Moderna.
Anyone do a deep informational and analytical dive into coopting a third shot?
I’m fairly convinced I will take a third. To get to a conclusion I’m also struggling with timing.
In summary, I was happy to get vaccinated early but it creates a weird gap for me…immunity is exponentially waning at exactly the time delta is exponentially ramping yet grabbing a jab soon barely covers me through the peak of what should be the seasonally heavy transmission period.
In hindsight, for timing, April appears be best time to have received your second shot? Grab a booster in December while still covered, jack immunity going into the peak of the seasonal period, which then takes you through June?
Rationale thoughts? Credible links? Should I just say “fcuk it” and head unmasked to Summer Stage this weekend shoulder-to-shoulder with a bunch of twenty somethings and grab a natural immunity boost lol?
Correction, June final shot, taking you through December…
Many in the bio hacker community have taken a 3rd shot, with that third shot being a different type than the first two. Not intuitive that J&J would be the best choice, but apparently the difference in modality and specificity create a broader spectrum of immunity.
What folks don’t know is the safety of the combinations. Is safer to stay on brand, on modality, or off.
Keep in mind, you’ll likely be lying to get your third shot, and provided with a new card.
left,
I can tell you that I had a likely infection in Feb 2020, as did my wife. I was knowingly exposed in the classroom and also had a severe negative reaction to the 1st jab which is indicative of previous infection.. I got both Pfizer jabs on 1/28, 2/20. My son tested positive in April. I was in a car with them for 5 hours the day he was coughing like crazy. I also kept eating his leftover food. My wife did as well. We believe this was a secondary infection as she had exactly zero symptoms this time. I never tested positive. Moreover, when I was getting tested, they kept sticking me in a room with 10 other people in their pajamas sick as dogs waiting for their results. I did that 3 times. All 3 times, negative. I was then directly exposed in late May in the classroom from 5 students in the same class who all obtained it from a super spreader basement party. Again, nothing. So, there is my anecdotal evidence of sustained immunity.
The reality is, vaccines are highly effective against Delta and even if you get it, you are much less likely to get sick, despite the anecdotal non-peer reviewed evidence the CDC now loves.
shrinkflation…..anybody have a English muffin lately…
I’ve been watching “super pretzels” shrink since 2008. At this point, they’ve gotten so small, they should be called dinky pretzel.
I haven’t found anything yet that mixing modalities is dangerous.
Some opinion that a third JNJ could be less beneficial due to body’s response to delivery platform?
More opinion that the JNJ/AZ vaccinated better off to do mRNA…haven’t looked closely as not relevant for me.
Re: availability, it’s the Wild West out there again, like in Jan-Feb. If I brought my dog in now they’d vaccinate him. More than confident I can walk into NYC right now with NQA and get a jab without any direct mistruths. Likely also get $100 for doing so.
That environment is part of my thought process….similar to earlier this year the administration infrastructure will eventually catch up with the reality on the ground and if I want a third shot then but it’s not yet “allowed” the window to get it off-recommendation may be gone….part of the reason I’m looking into it now rather than just waiting a month or so.
Yo!
Not denying the evidence. But it does look like lack of inventory is by far the greatest contributing factor to the oversized gains. Especially in the single family home category. I doubt this continues in perpetuity.
LW,
Make sure you tell them you want it in the ass. It supposedly works better there, I read it on a forum :)
Joyce,
That video was disturbing to say the least.
Laura Ingraham says Capitol police beaten by Trump mob have ‘nobody to blame but themselves’
‘Despite the crowds they had known for weeks would show up at the Capitol on 6 January, the Capitol police couldn’t hold the Capital perimeter on that day,’ said the Fox News host
What are you talking about with roulette? I called this back in 2012/13. This demand was easy to see coming. The supply issue was easy to see coming. No one likes to pay attention to what matters. Expat used to demand models from me and continue to laugh me off. 3b and majority of people thought suburbs were dead and millennials would never buy a house in the suburbs. I tried to tell them, but they wouldn’t listen.
“I see Yo! in here a couple times trying to rationally discuss real estate. I would love to. Problem is that right now we might just as well discuss the merits behind various roulette strategies. Anyone telling you they have a “winning strategy” for either is a fool or charlatan. The level of distortion is deafening – cue the kid with the bad electric guitar solo.”
These days too often feels like I can’t tell the difference between an arse and head sometimes lol :)
Yo gets it. Data doesn’t lie. Thanks, yo.
“Of course Covid has impacted consumer behavior in many ways. I think the strong housing market has been driven more by other factors, specifically a shortage of for sale inventory combined with an increasing sense of urgency seen in prospective buyers.”
http://njar-public.stats.10kresearch.com/docs/lmu/2021-02/x/EntireState?src=map
Here’s the Jan. 4 memo from former acting Defense Secretary requiring “personal authorization” for DC National Guard to employ riot control agents & other tactics at Jan. 6 “March for Trump.” This same day Capitol police knew of a “strong potential” for violence against Congress.
https://mobile.twitter.com/lukebroadwater/status/1354836817925832705
One reply, otherwise life is too short….and I mean this in the nicest way possible
“What are you talking about with roulette? I called this back in 2012/13.”
Pumpkin, you are the poster boy of the type of fool I was referencing. You are so stupid and oblivious, not to mention entirely incapable of any rational thought whatsoever, that you have absolutely zero chance of drawing any valid or worthwhile conclusion. For anyone on any topic. And that’s on good day.
You ARE the roulette wheel.
Shrinkflation examples:
Lotsa pasta boxes went from pound to 12 ounces.
Yogurt, comes in a shot glass now.
Shredded cheese, used to be 16 ounces. Now varies greatly, even by variety.
Prepackaged cold cuts. Forget about it. Lucky to get 7 ounces. Cheap cuts, like turkey and ham still generally are a decent size.
The worst cheaters are these non local specialized milk producers and OJ. Gone are the days of gallon, half gallon, quarts and pints. Half gallon sizes have been reduced to 52 oz.. Gallons to 89 oz. This one is the dirtiest move as people think they are saving money over buying the two half gallon sizes as price is cheaper, but you are not getting close to the size of the two 52 ouncers.
How about the cost of pizza pie. Places around here still offer $9 pies, but only as specials, Monday through Wednesday. Some places are up to $17 for a plain large pie. Most are in the $12 to $14 range. I noticed the two slices and a coke special which was $3 when I was a kid, is up to $6 in most places. Was $5 until recently
No data on Moderna booster yet. The Pfizer study says it loses about 15% over 6 months..Mix and match? It’s not the same antibody. The mRNA is more targeted than the adenovirus, hence more effective.
Thanks for sharing BRT.
If I understand your timeline final vax was 2/20 so full immunity was early March. Main direct exposures April-May?
You would seem to be in the peak protection period when directly exposed?
You’re on the same timeline as I am….by October your immunity from the vax is going to be noticeably depleted going into historically peak transmission season.
What are you thinking on a third?
Your opinion means nothing. Stupid and irrational people don’t call the housing market 8 years out.
leftwing says:
July 30, 2021 at 9:30 am
One reply, otherwise life is too short….and I mean this in the nicest way possible
“What are you talking about with roulette? I called this back in 2012/13.”
Pumpkin, you are the poster boy of the type of fool I was referencing. You are so stupid and oblivious, not to mention entirely incapable of any rational thought whatsoever, that you have absolutely zero chance of drawing any valid or worthwhile conclusion. For anyone on any topic. And that’s on good day.
You ARE the roulette wheel.
Esp a huge boom in housing. I didn’t say for 8 years that it was going to go up. No, i clearly stated it was going to boom. So much so, i called for the roaring 20’s 2.0 on the back of a housing boom. Housing drives the economy.
So tell me again how stupid I am. Just like you laughed at my calls for 8 years straight and then when it happens, you blow it off as it was an easy call because it was “inevitable.” Right.
Leftwing: Thank you.
“Stupid and irrational people don’t call the housing market 8 years out.”
One last time….your statement demonstrates how stupid you are….95+% of the time the housing market is up during any ten year discrete period. As I’ve stated to you before your “monster call” is the functional equivalent of calling that the sun would rise in the East.
Every time you come on here bragging about being correct about an overwhelmingly odds-on favorite occurrence you look even more ridiculous.
The fact that you cannot understand that simple point – predicting something with a 95% chance of occurring is not special – shows how bereft you are of basic intelligence and reason.
If my dog had your level of intelligence and reasoning I would put him down as a mercy killing.
Tsk tsk tsk leftwing is supposed to be a scoring position,
But don’t be afraid to pass sometimes.
My problem with online discourse is that its limiting and permanent. People cannot gauge a whole idea or a person from what they place in forums. I refuse to want to be marginalized by strangers. I’d rather exist in the real world doing “real” things. This board was always inhabited by Bankers and that is by-and-large a group that is over represented in the Northern NJ area.
My worst nightmare? Walking into a room filled with Bankers at a party in Livingston. That is my idea of purgatory. One enters banking for one reason and one reason only. To make money. Its a dispassionate waste of a life for anything else. Bankers tend to live their lives by the columns that they make. Anyone other than a Banker has really been lost on this board unless they somehow align to a Conservative character. Lot’s of smart folks here with great thoughts on investing, but that’s about it. Bankers have now and will continue to bore the f*ck out of me. They will now and forever be among the most hated of all the professions for all but other bankers and maybe a lawyer or two.
well, I would argue I was part of multiple super spreader events when at Atlantic City last month too. Haha, Hard Rock was packed like Sardines shoulder to shoulder with thousands of people. But, personally, every time I get exposed, I view that as a booster. Basically, as a teacher, I got to the point 2 years in that I could walk through a room full of coughing kids and never even get a sniffle. Continued exposure yields maximum immunity. I have coworkers that haven’t been sick in 20 years.
On a third booster, I will not do it if they insist it’s Pfizer again. It put me out for 5 days and I didn’t feel normal for 3 weeks. I can’t afford that. The mRNA vaccine completely bypasses your immune system and bombards you with spike protein, which my body apparently hates. I take vaccines to not get sick, not to get sick. Moreover, in every virus, secondary and tertiary infections are more mild than previous infections. Nearly 100% of the very few that get reinfected, are almost exclusively asymptomatic. Wife has no intention of a third shot. Is she going to get another infection that does absolutely nothing to her?
I will opt for a booster shot via adenovirus vaccine if I must take another shot. But, my mother and my in laws, they had nearly no reaction to either shot. I would tell them to go to mRNA for a 3rd booster. Also, given their age, I think it makes sense to take a third booster ASAP, even if it turns out it’s unnecessary. For my children, I’m in no rush to vax them as, again, natural immunity appears to be far superior to anything. Also, if I need them to get a shot, it will be adenovirus, as mRNA studies show that myocarditis risk increases with the youth and previous infections.
Yea, it’s an odds on fav to call the year of a housing boom 8 years out. Housing booms don’t happen every decade. They don’t have a massive demographic buying bloc like the millennials every decade. Esp with the lack of supply.
So are you a f’ing idiot? Saying this was an easy call? Only an idiot would say that, and i mean that sincerely.
“Every time you come on here bragging about being correct about an overwhelmingly odds-on favorite occurrence you look even more ridiculous.”
Yo! on housing prices in NJ . . .
What is your outlook on pricing for the next 12 or 24 months and over the Lon-term? What factors do you think drive it (I.e., are current prices transitory COVID related economic disruption or a more long term thing)? How do you think this asset class compares to others ( I.e., do you feel in re is the best place for one to place his money)?
I ask because I am having a hard time getting a read on what will happen. I don’t know if we have broken the old paradigm – the old paradigm to me is that, of course, on the bull side there is tremendous economic opportunity in the NYC metro, and the immigrants from all over the world keep coming to our nation’s biggest Gateway region, while our region stubbornly NIMBY sentiment keeps supply low, but on the bear side, the taxation structure and other blue state stuff can eventually kill the golden goose (see Chicago – I believe the city population is slightly dropping, and while pop is not the best correlate for housing prices (household formation is), that population drop is a bear signal for Chi real estate).
Finally, anecdotally, the trend of ppl overpaying by $100k or whatever seems to be over and I talk with re agents regularly in my work – I hear slight cooling down since June t o date. Still hot, but not hottest ever.
Sometimes and sometimes trolling.
leftwing says:
July 30, 2021 at 8:13 am
I see Yo! in here a couple times trying to rationally discuss real estate.
Pumps fails to admit the the pull forward demand due to the pandemic is the only reason why housing prices have risen as much in the last year. Panic drove people from the cities, nothing else. Every single housing economist says this, even the cheerleader for the NAR. Now it is headed in the other direction? Time will tell.
2024-2026 will be the mania stage. Aka “hottest ever.”
“Still hot, but not hottest ever.”
These are the same experts that thought the suburbs were done. They never saw this boom coming, and why would they? They still think the pandemic is to blame.
JUice Box says:
July 30, 2021 at 10:30 am
Pumps fails to admit the the pull forward demand due to the pandemic is the only reason why housing prices have risen as much in the last year. Panic drove people from the cities, nothing else. Every single housing economist says this, even the cheerleader for the NAR. Now it is headed in the other direction? Time will tell.
Ark Investment sells an additional 47,200 of Roku after pumping it up two weeks before. I’d love to be a fly on the wall in that office or even easier, just put CNBC on in the background and wait for some hedge fund manager to laud over a holding. I love making money, even if I have to dig for it one dollar at a time!
When this thing turns (and we all know housing turns like an aircraft carrier), I predict we’ll never see the likes of Pumps again. Much like the alter ego who still owes me a bottle of bourbon.
The Ace Hardware move for the keys is turning into a nightmare. They needed to get the blank key fobs shipped to the store. It’s been nearly two weeks now and they still didn’t receive them. YMMV. Not a big deal as we have the other set still.
Comparing calls.
https://tinyurl.com/ICouldHaveUsedAnARKKLastNight
BRT you will not do any better with the Adenovirus versions. I had suspected COVID last year and we got the J&J and it laid us up for 3-4 days, fever, lethargy, chills, the works. If you have a strong immune response injecting anything to do with the spike protein is going to knock you out. Yes the mRNA mechanism might be a bit worse, i.e more spike protein more quickly but it will not be terribly different. For folks who never had COVID the vaccine seems pretty mild especially the first shot.
Forgot to add CENT.
Anecdotally, it seems that mostly the staunch righties here got Covid. :P
“Libturd says:
July 30, 2021 at 9:19 am
Yo!
Not denying the evidence. But it does look like lack of inventory is by far the greatest contributing factor to the oversized gains. Especially in the single family home category. I doubt this continues in perpetuity.”
Hey Libturd,
You are right, the low for sale house inventory in New Jersey helps create a supply-demand imbalance that pushes up market values.
One problem in New Jersey is land use regulation. Homebuilder analyst Ivy Zelman produced a report back during housing bubbly days on the land use topic. This report included an exhibit 49 titled, “Average Entitlement Period by Months in Major States.”
Data points on entitlement time: New Jersey 72 months, California 34 months, Florida 22 months, major state median 21 months. New Jersey government people are failing miserably at encouraging housing.
New Jersey lawmakers can do policies that increase housing. Relax land use rules. For example, open Liberty State Park, Great Swamp National Wildlife Refuge, New Jersey Pine Barrens, and Island Beach State Park for new housing. Plenty of New Jerseyans would enjoy living at these locations. Issue building permits quickly. When I built houses in New Jersey, I was forced to deal with mentally ill child-of-local-pol inspectors who couldn’t write a permit – they were illiterate and got confused by the fax machine.
To build more homes in New Jersey, get rid of the land use use restrictions, the permit bosses, and let people build homes.
Lib we had an outbreak in our office in March 2020 pretty much at the beginning of the pandemic. In NNJ/NYC COVID was circulating by late January. I think you’ll find the virus doesn’t check political affiliation before infecting people :). We had one friend test positive asymptomatic 6-7 months ago and other friends where the whole family got hit, they were all registered democrats. It seems how locked down and where you live were the big factors on whether or not people got infected. The hudson county folks I’m describing were very serious about Masking and isolating, both suspected the exposure was either from a food delivery man or a trip to the grocery store. The number of infected people in NYC and Hudson county seems to have been greater than Suburban Morris county.
It was stated in jest. :P
I know it is just striking to me that people who were paranoid about covid wound up getting it but people like my Sister(and her husband who is a Trump-er) in Morris county was very fast and lose with the lock down and who’s kids were actually in school never got it. There were lots of liberal people who were as non-compliant as the right wingers too.
Fo sho yo.
New Jersey lawmakers can do policies that increase housing. Relax land use rules. For example, open Liberty State Park, Great Swamp National Wildlife Refuge, New Jersey Pine Barrens, and Island Beach State Park for new housing.
Lol. Though rolling back some of the Highlands provisions wouldn’t be a bad idea.
Most of the state (the part where people want to live) is going to be relegated to infill and building up. Smart infill will aggregate existing low density properties to build higher density multi-family.
This is largely incompatible with NJ zoning, land use, and master plans.
Land use in NJ, rated from a use severity perspective, and looks like: Single Family > Multi Family > Commercial > Industrial.
One you move to a less significant use, you can never go the other direction. So one industrial turns in to commercial, and then mixed-use residential – it can NEVER GO BACK to industrial. This is why industrial businesses will never, and can never come back to NJ. Once they leave, and the property is re-used for a lighter use, it’s forever gone to that class.
My family is now in the green on NHMD. Lmao. Gotta love penny land..truly wild west.
From O’Shaughnessy
FAFSA changes happening this year
While they are far less likely to impact your clients, there are three changes that will take place a year earlier than the original schedule.
The following changes will take place starting on October 1 when the 2022–2023 FAFSA is available:
Male students will no longer have to register for the Selective Service to complete the FAFSA. The 2022–2023 FAFSA will still ask the question, but the answer will be irrelevant,
Being convicted of drug-related charges will no longer keep a student from qualifying for federal grants and loans.
Students won’t lose the subsidized feature of a subsidized federal Direct Loan if it takes them longer than 150% of the length of the academic program.
Here’s an example of what that 150% figure means: If a student enrolls in a four-year bachelor’s degree, the student would lose the ability to have the government pay the interest on a subsidized Direct Loan after six years. Students in a two-year community college program, would lose the subsidized interest feature after three years.
The amount of multi family building in Hackensack is massive. There are around 15 projects in various stages of construction.
This chart on NHMD is sick. These charts are like churn in the water for sharks….attracts all the technical traders in penny land.
$NHMD Freshly current, breaking years worth of resistance and zero dilution at the moment. I have to reward set ups like this so I will be holding on to some to see what is next
https://twitter.com/kickostocks/status/1421131050797858818?s=21
I wonder how conflicted the hardcore leftist long-time anti-vaxxers feel now. You know the ones, they put out the “Science is Real, love is love” signs while also collecting crystals for their “positive energy” and like to post about how obscure foods can cure diseases better than actual medicine.
Antivax sentiment trumps all, it’s like confirmation bias on crystal meth to them. Don’t for a second think it’s creating any cognitive dissonance. They are patting themselves on the pack saying, “it’s about time the other side realized this.”
I have more money in my wallet than Nate’s generated in revenue last year. And your family is in this?
You really have zero credibility.
—
We were incorporated under the laws of the State of Colorado on January 12, 2000 under the name Capital Resources Alliance, Inc. At inception, we were an early stage company in the business of mining and exploration. On May 19, 2014 our company completed a reverse merger with Nate’s Pancakes, Inc., an Indiana company, with Nate’s Pancakes being the surviving entity. In May 2014, we changed our name from Capital Resource Alliance, Inc. to Nate’s Food Co.
In connection with the reverse merger, we became a food manufacturing and product company, and in May 2014, we executed a licensing agreement with Nate’s Pancakes to market and sell “Nate’s Homemade”, exclusively throughout the world.
On April 6, 2017, our board of directors and a majority of our shareholders approved the filing of Restated Articles of Incorporation to increase the authorized shares of common stock of our company from Five Hundred Million (500,000,000) to One Billion Five Hundred Million 1,500,000,000. The Restated Articles of Incorporation to effect the increase of common stock was filed with the Secretary of State for the State of Colorado on July 26, 2017.
Our Current Business
We are a food manufacturing and product company that manufactures, distributes and sells ready-to-use, pre-mixed pancake and waffle batter. We hold a 20 year worldwide exclusive license agreement for Nate’s Homemade.
At present, we do not have any ongoing production of Nate’s Homemade Pancake and Waffle Batter due to the lack of a production facility. Our production has been temporarily suspended and our equipment placed in storage until we have sufficient financial resources to resume production, either in manufacturing facility of our own or by working with a copacker as we have done in the past.
Fast Eddie: put this info from new Infrastructure Bill in the manila folder with the Bomma Phone paperwork.
“Some 99% of American households have access to high speed fixed or mobile broadband. But liberals complain about phantom “digital redlining,” so the deal creates a $30 monthly broadband subsidy for low-income households.”
JCer,
They may have gotten it and never noticed. Plenty had such mild symptoms they went practically unnoticed.
There were people who lived in the same house who did not get it. There were people I work with who worked directly with very sick Covid patients and were unaffected. It seemingly picked people at at random, with the exception that it trashed overweight sick men more than anyone else.
Early on, the testing was slow to come on board. It’s much better now.
One thing about Covid, it’s not going away anytime soon.
And this is my vote for most hilarious statement of the day. And yes, it’s only noon. But I don’t think it will be topped. Maybe not even for the next month.
“If my dog had your level of intelligence and reasoning I would put him down as a mercy killing.”
Car crashes are up this year, and a decline in the use of seatbelts, apparently during the lockdown people forgot what seatbelts are for.
3b, During the pandemic a lot of people got crazier in general. I’m sure it’s manifesting in many ways besides driving. My guess is that controlled substances, violence, suicide, crashes, penny stock and alt investing, and race hustling are all up vs pre-Covid.
No One: People do seem to be getting crazier and angrier!!
In other news, shin splints are a pain!
“My guess is that controlled substances, violence, suicide, crashes, penny stock and alt investing, and race hustling are all up vs pre-Covid.”
Yeah. It’s true all right. First I have to deal with all of the virus spreaders, now it’s the rest of you crashing cars and unsuccessfully attempting suicide, plus your all out violence.
Please buy some of Grim’s hooch, stay home, relax, and chill out. Take a hike. Eat some greens. Get some weight off of that belly so your knees can have a sigh of relief..
Fast Eddie: put this info from new Infrastructure Bill in the manila folder with the Bomma Phone paperwork.
“Some 99% of American households have access to high speed fixed or mobile broadband. But liberals complain about phantom “digital redlining,” so the deal creates a $30 monthly broadband subsidy for low-income households.”
Liberals are masters at adding insult to injury; not only are they buying votes but they’re doing so at the expense of the production class. The production class is like the sun; an everlasting renewal source of money. The democrats give a whole different meaning to maximum output with minimal effort. You can understand the reason why the weaker and underperforming masses are drawn to it. When do the toadies get an O’Biden car or monthly commuting expense? Free rentals are a decade away but not to worry, they’ll weasel into it somehow.
3b
As someone who deals with this on a daily basis, you and No One are both right. Saw an accident victim the other day with injuries that even made me cringe.
And that ain’t easy to do. So if you are going to drive like it’s the Indy 500, at least take some classes first and get a capable vehicle instead of something like a Ford Focus.
Lib, it’s the OTC…i have no idea what’s going on, but something is up. Im just laughing my ass off that this came back.
“The SEC made some OTC changes effective Sept. 28 to Pink NO information tickers. TD Ameritrade starts Aug. 13 date> What do you think will happen when the amount of tradeable tickers under $1 goes from 4,000 to 1,000 overnight? These made the cut $NHMD $GIBX $ESPIQ $ARRT”
https://twitter.com/grnfaq/status/1421069920343937026?s=21
Numbers don’t lie.
The number of deaths for the first five months of 2021 are estimated to be 17,360. This preliminary estimate is up 20% compared to 2020 and up 16% compared to 2019. Motor-vehicle deaths in May 2021 totaled 4,050; this preliminary estimate is up 21% from May 2020 and up 19% compared to May 2019.
Pumps,
I would say you found the diamond in the rough, but in reality, you found the one solid piece of dog doo among the rest of Snoopy’s softer turd piles.
Lib,
Lol…OTC sucks. Im just lucky this somehow came back.
Wrote the money off…so it’s like winning a small lottery ticket.
12:24 the more I read from you the more I realize you have absolutely no idea what you are taking about. Perfect Republican. Gullible. Stupid. Dogmatic.
ExEssex
“$30 monthly broadband subsidy for low-income households.”
Wow much is that is DFS currency? Ya know, Dumpy’s Farmer (Corp) Subdsidies on a trade deal that failed which led into a massive farmer vote buying scheme that failed.
“$53 billion this year. The government’s share of farmers’ net cash income will also rise to 39.7%, the biggest in 20 years.”
A real Randian success..
Ex, if you haven’t realized both sides are full of useful idiots. Blindly believing what they are told to believe. I’ve seen you parrot nonsense from the DNC, it is every bit as bad as the Trump “true believers”.
Bystander, paying farmers makes sense. We need to keep growing food, so there are few options to keep production up. The trade deal was only the half of it, it was the die off in Chinese livestock that created the problem. China claimed they weren’t buying because of the tariffs but it was really demand driven. The Chinese have an insatiable demand for pork but when millions of pigs died they had no need for our soy and corn feed.
Bystander, I actually support universal broadband but think rather than a $30 subsidy they should fund municipal wi-fi mesh networks, basically open wifi throughout towns with internet tie-ins. Giving a subsidy is just going to distort the market and the price of internet will just go up. Where as by creating their own wifi network it creates downward cost pressure on providers, either the bandwidth needs to go up or the price down.
I resemble that remark!!
Yup.
“Bystander, paying farmers makes sense. We need to keep growing food, so there are few options to keep production up. The trade deal was only the half of it, it was the die off in Chinese livestock that created the problem. China claimed they weren’t buying because of the tariffs but it was really demand driven. The Chinese have an insatiable demand for pork but when millions of pigs died they had no need for our soy and corn feed.”
Paying farmers so that they don’t shut down and become unavailable when demand picks up is no different than what the FED did in 2008 and what they did in 2020. That’s where the critics get it wrong. They don’t understand this. But in each passing day, more and more people are starting to understand this process…
The process is stability. The fed moves in to make sure no gears come to a complete stop, taking the entire economy down with it in a deflationary spiral.
And just like that: https://youtu.be/WETzhm0N9G8
“The process is stability. The fed moves in to make sure no gears come to a complete stop, taking the entire economy down with it in a deflationary spiral.”
Please send me more money Mr Fed Guy. I have legal bills to pay, bills caused because your other division, the criminal one, was too lazy to prosecute.
I don’t want my life to go into a deflationary spiral. Please help me and send more money. More money. More money.
Thanks.
Good God make it stop!!
Won’t happen.
“Getting back to normal would be a major shock. If the “cost of carry” suddenly went up to 5%, or 8%, rank speculation would quickly come to an end. Investors would toss aside the riskiest stocks as if they were used face masks. Zombie businesses, which can only pay the interest on their debt by borrowing more, would collapse. Asset prices, generally, would drop, and probably come to rest at only half of today’s levels. Mortgage rates are usually 2.5% to 3% above inflation. Today’s rates would have to double to get there. What would that do to house prices? As for the Fed’s key funds rate – now at 0.25% – it would have to go up by more than 500 basis points, just to pull even with consumer-price increases. Jobs lost, businesses failed, households bankrupted, investments wiped out.
This is how the “Inflate and Die” trap works. The higher inflation rates go, the bigger the shock to the economy needed to bring them under control. And this shock wouldn’t be limited to house buyers and stockholders. The biggest borrower in the world is the federal government. And the biggest lender in the world is the Fed. Thanks to Fed buying, a ten-year Treasury note – the building block of all federal debt – now trades at a yield of about 1.4%. At last month’s CPI reading (5.4% year-on-year), that yield is negative by 400 basis points (4%). If bond buyers demanded a real return (above inflation), the interest charged on new bond issues would quadruple. The fun would be over. All that stimulus would be history An orderly exit? Nah… Prepare for le deluge.”
https://apple.news/ApZi9eGq1RGq_y2oquRI9Rg
People will abandon risky stocks because they have access to guaranteed high returns. Good luck with that happening. Good luck. We are battling deflation, not inflation.
I see no chance for high rates. Zero.
Can you profit from predicting the future?
Some people, it seems, really are better at seeing what lies ahead than others. But would their crystal ball be of any help to investors? Stuart Watkins reports
https://apple.news/A0MCep0-zQZi41ODDi2w0RQ
In rich relationships, by Corley’s definition, the people involved aren’t, or aren’t merely, wealthy. They “are happy. They are successful,” Corley explains. And they have their right attitude. “They are positive, upbeat and optimistic. They don’t gossip, and “they inspire others by encouraging and motivating them to pursue their goals and dreams.”
In poor relationships, though, people are unhappy. “They are negative, down and pessimistic. They have a ‘poor, poor me’ victim attitude,” Corley adds. “They don’t take personal responsibility for their circumstances in life.”
If you want to stay out of poverty, you need to change who you associate with, Corley says. And there are five specific steps you can take to get there:
https://www.cnbc.com/2017/11/02/tom-corley-5-steps-to-make-life-changing-rich-relationships.html
grim,
Please.
Lol…ill stop, went too far.
Earned a “pumpkin free week.”
Enjoy.
Joyce: Thank you
14 year old Livingston boy jumps off the vessel in Hudson yards this past Thursday. He was with his parents, sister and Grandmother. He said nothing just jumped. 4 suicide since the thing open. Time to tear it down; it’s ugly too and would not be a loss.
JCer,
I don’t disagree about need for farmer subsidies but when govt supplies 40% of their revenue via soci&list program then something is wrong. Trump did it as a straight up vote buying scheme. It was an insane amount that he pumped into big farm corps during his putrid reign. How will it ever be removed now? It won’t. Both sides suck on this. I get it but you can’t call one side a giveaway and not the other.
Amazing what a man has to try to get a divorce that doesn’t put him in the poor house.
https://www.dailymail.co.uk/news/article-9844389/Louisiana-vitamins-millionaire-pleads-guilty-kidnap-plot-involving-ex-wife.html
3b,
Just awful.
Leftwing
If you want to boost your immune system have you looked into medicinal mushrooms? I’m taking stamets7 by host defense. Don’t know if it boosted my immune system but my skin looks great now. My wife and son tried it and their skin has a healthy glow too after only a few weeks on it.
And some say all the Chinese can do is steal and copy. Well it looks like they made this pretty good, and what they made makes plenty of copies.
“Study claims vaccinated people who get COVID have same viral levels of Indian ‘Delta’ variant as the unvaccinated”
I see the Three (Dem) Stooges have been busy making fools of themselves as usual. I’m not sure what’s more embarrassing, Bi penning a love letter to SlowJoe for a GDP number that was hugely below estimates (CNBC 7/29 – U.S. GDP rose 6.5% last quarter, well below expectations), or Ex, a guy that no doubt thinks border czar Karmella is going to fix Joe’s immigration disaster and that Hunter is a real artist, calling Reps gullible.
AgLFMGSkl
8:25 gullible. Liars.
Tell me again how Democrats “make things up”
The Justice Department officials told Trump that the department had been investigating, including through hundreds of interviews, but that the allegations were not supported by evidence. They said that much of the information the president was getting was “false,” according to Donoghue’s notes.
At one point in the conversation, the notes show, Rosen told Trump that the Justice Department “can’t + won’t snap its fingers + change the outcome of the election, doesn’t work that way.”
Trump responded by saying: “Don’t expect you to do that, just say that the election was corrupt + leave the rest to me and the R. Congressmen,” according to the notes.
Grim, I’m in AP for Billy Strings on Thurs….your mural relative show works in any of the galleries down there?
I don’t disagree about need for farmer subsidies but when govt supplies 40% of their revenue via soci&list program then something is wrong. Trump did it as a straight up vote buying scheme. It was an insane amount that he pumped into big farm corps during his putrid reign. How will it ever be removed now? It won’t. Both sides suck on this. I get it but you can’t call one side a giveaway and not the other.
Farm subsidies are out of control and what they’ve led to is huge distortions in the market that nobody ever wants to unwind. The primary one is corn, which we produce way too much of, so much so, that we try to make all kinds of products that would normally not be made from it but it ends up being cheaper as a raw material because of the subsidies. You can’t just end them without causing chaos. So they should be phased out over 10 years. Will never happen though.
The subsidies from the trade policy were different. Soy farmers were put in a position where they were producing something the market clearly wanted. They shouldn’t be innocent victims from sudden shifts in trade policy.
This is what we’ve been saying here for weeks. The media and lefties are trying to make it seem like white republicans males are refusing the vaccine and prolonging covid. The Left must be using alternative facts.
https://www.dailymail.co.uk/health/article-9847225/Data-shows-NOT-just-Republicans-refusing-COVID-vaccine.html
Grim writes: “One you move to a less significant use, you can never go the other direction. So one industrial turns in to commercial, and then mixed-use residential – it can NEVER GO BACK to industrial. This is why industrial businesses will never, and can never come back to NJ. Once they leave, and the property is re-used for a lighter use, it’s forever gone to that class.”
I disagree. Real estate investors are falling over themselves to take North Jersey land and buildings, smash them down, and build industrial buildings.
Local companies are hyping it and doing it.
https://thunder contracting.com
Big shot Paramus real estate company Urban Edge is focused on this. Retail rents shrinking as industrial rents rise, leading to a return to industrial real estate.
https://re-nj.com/urban-edge-signs-130000-sq-ft-industrial-lease-at-converted-retail-building-in-lodi/
New industrial lease in Lodi building formerly used for retail.
https://thundercontracting.com/services/office-to-warehouse-conversions/
Farmer subsidies:
Well, since they are held captive to corporations like John Deere who make them unable to repair their equipment without using their technicians things get more expensive.
Owners should have the rights to repair and access to tools in order to do so. Bring back cell phones with replaceable batteries- and mandate software upgrades for a minimum of 5 years using a homeland security law, as protecting data is protecting the homeland, right??
Warehouses for more garbage America doesn’t need.
It needs manufacturing. With good pay for workers.
Or just keep supplying us with booze, X a na x, and smack.
Or add a jumping platform with spikes at the Hudson Yards.
Lol, that’s like calling self-storage joints industrial.
Grim, the best source for a definition of industrial real estate types is the planet’s largest owner of industrial real estate, Prologis. The company owns a 12-figure portfolios of these industrial buildings totaling 995,000,000 square feet of space..
https://www.prologis.com/what-we-do/resources/industrial-real-estate-building-types
“Commercial real estate typically involves the types of buildings most people know and use in daily life, such as offices and retail stores.
Industrial real estate, on the other hand, typically involves properties where goods are made, stored and/or shipped.”
How was it phrased years ago to describe when the sausage machine would crank back up again… ‘mortgage brokers are going to issue mortgages, builders build. That’s what they do. It’s like breathing.’
Joyce- Otto von Bismarck a german once remarked, “Laws are like sausages. It’s better not to see them being made.” The subprime Mortgage backed securities at the time had some very funky math….I don’t think that has come back, it all backed by taxpayers these days few are buying mortgage tranches like it once was.
ORLANDO, Fla. (AP) — Florida reported 21,683 new cases of COVID-19, the state’s highest one-day total since the start of the pandemic, according to federal health data released Saturday, as its theme park resorts again started asking visitors to wear masks indoors.
The state has become the new national epicenter for the virus, accounting for around a fifth of all new cases in the U.S. as the highly contagious delta variant of the coronavirus continues to spread.
Republican Florida Gov. Ron DeSantis has resisted mandatory mask mandates and vaccine requirements, and along with the state Legislature, has limited local officials’ ability to impose restrictions meant to stop the spread of COVID-19. DeSantis on Friday barred school districts from requiring students to wear masks when classes resume next month.
I’ll be in Florida in 12 days, I fully intend to get my Delta booster exposure.
I’m headed out to Vegas on Friday night. I heard from my friends out there that those who are vacced are refusing to wear the masks indoors since those who are anti-vax absolutely refuse to wear their masks. I’m sure I’ll be the only one masking up. Just like at the Redbull game last night. I would say, one per one hundred wore a mask. Quite frankly, the mask doesn’t really bother me that much. I suppose it’s years of wearing masks when painting (I tend to use pneumatic systems) and doing my own construction work.
Karen of the day.
“I’m perfectly legal, and I’m a teacher.” And you are a murderer.
https://www.reddit.com/r/PublicFreakout/comments/ovd5iv/woman_pulled_over_for_using_phone_while_driving/?utm_source=share&utm_medium=web2x&context=3
“…those who are vacced are refusing to wear the masks indoors since those who are anti-vax absolutely refuse to wear their masks. I’m sure I’ll be the only one masking up.”
The Admin has lost control of the narrative, and the pathways they choose to try to regain it are counterproductive.
The Admin has lost control of the narrative, and the pathways they choose to try to regain it are counterproductive.
It’s hysterical! You have O’Biden staffers on the same team contradicting each other! There’s no plan whatsoever and they’re winging it! Democrats don’t care for actual events, it forces them to make decisions. They’re more comfortable manufacturing a crisis that can “resolve.”
BRT,
Where are you visiting in FL?
Globalized China era is coming to an end…a return to isolation it seems.
“As Jason Zweig of the Wall Street Journal recently reminded us on Twitter, over a decade ago, he highlighted how China has tried to liberalize its economy and open to the West countless times since the 19th century.
Each effort ended poorly.
I’m afraid the results will be the same today and well into the future. China may no longer be worthy of your investment dollars.
From a global perspective, the U.S. is the likely beneficiary of our modern-day black ships sailing away from the mainland in search of friendlier shores.”
https://www.cnbc.com/2021/07/29/ron-insana-chinas-crackdown-on-businesses-threatens-its-standing-as-an-economic-superpower.html
Disney.
Unfortunately, cut checks a few days before the CDC and disney shifted their mask policy. Would have cancelled but it woulda cost me $2k
Gov. Phil Murphy released a ranking of the lowest vaccination rates among Garden State cities and townships on Monday, along with a new “Operation Jersey Summer” campaign to reach underserved communities.
The governor focused on 16 communities with 10,000 or more residents — where less than 40% of those eligible got an initial shot.
Lakewood Township, which met the most initial resistance to wearing masks, has the lowest vaccination rate, at 10%, according to Murphy.
Irvington and Pemberton townships tied for second lowest at 11%, while Camden, New Brunswick and Phillipsburg each reported 12% of their residents got a first COVID-19 vaccine.
“This is not going to be a competition between towns and communities, or meant to shame any community,” Murphy promised, while announcing the other 10 cities and towns with low vaccine rates:
East Orange 13%
Bridgeton, 14 %
Trenton 14%
City of Orange Township, 15%
Fairview Borough, 15%
Garfield, 15%
Newark, 16%
Perth Amboy, 16%
Plainfield City, 16%
City of Passaic, 16%
From the previous link, it popped up on my feed and I thought it was recent. I just noticed it was dated May 3rd so those numbers are not current.
“The Admin has lost control of the narrative, and the pathways they choose to try to regain it are counterproductive.”
I disagree. This variant calls for different strategy due to the increased virulence. Where I might agree is that people have given up regardless of what the government says.
Check out this heat map. So much for Florida and their special UV rays. Go DeSantis! Hell of a strategy.
https://photos.app.goo.gl/NAiLTd6scaa8D5teA
Nothing to do with UV rays. Last summer, the same thing happened. In extreme temps, people seek shelter in air conditioning indoors. Outdoors vs. indoors is real. Every state other than the Northern most states is now experiencing their same seasonality surges. What’s New Jersey’s excuse?
But it actually doesn’t call for a different strategy IMO. We have protected the elderly and people with co-morbidities as much as we could. It’s time to let this thing run it’s course. UK showed us, death spike hasn’t occurred with the most recent wave. If you don’t agree that we ended the crisis with the widespread availability of vaccines, then there is no end game to this thing.
Moreover, the CDC has lost control. Their constant flip flopping and inability to come up with a clear non-contradictory message has done more damage than anything the past 2 weeks. Fauci goes on referencing an Indian study with vaccines and the study he referenced wasn’t even the same vaccine used in the US. I told you, he’s not actually the intellectual that people think he is. And he’s too lazy to see something like that…or the people that brief him on it are.
“The Admin has lost control of the narrative, and the pathways they choose to try to regain it are counterproductive.”
“Where I might agree is that people have given up regardless of what the government says.”
Six of one, half a dozen….?
To our and BRT’s points….people have simply tuned out the current messengers (if not become downright hostile to them) and the message has become progressively more chaotic and even contradictory.
Fauci is now doing TikTok videos with 18-28 year old ‘local influencers’ (few thousand followers). And the ‘influencers’ are getting paid by the Feds to do it. Hard to make this shit up.
Mark it down, Fauci out as the face of the response within the next four weeks.