All Time High

From the NYT:

More apartments were sold in Manhattan in the third quarter than at any other time in the last 32 years, in the latest sign that New York City real estate is set for a faster-than-expected recovery, according to new market reports.

There were 4,523 closed sales of co-ops and condos in Manhattan in the third quarter, exceeding the record set in the middle of 2007, when 3,939 sales were recorded, according to Jonathan J. Miller, an appraiser and the author of a new report by the brokerage Douglas Elliman. The quarter ended with more than three times as many sales as in the same period in 2020, when the market was largely locked down because of the coronavirus, and with 76.5 percent more sales than the same time in 2019, before the pandemic.

“What we’re seeing right now is a catch-up,” Mr. Miller said, referring to pent-up demand after a year of near-record inventory for sale. “All the suburbs were booming while Manhattan was seeing sales at half the normal rate last year. Now we’re seeing this massive surge.”

The data comports with others companies’ findings. Sales volume topped $9.5 billion, the most in any recorded quarter, according to the brokerage Corcoran, while Brown Harris Stevens reported the highest quarterly sales numbers in eight years.

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221 Responses to All Time High

  1. JBox says:

    Foist!

  2. Juice Box says:

    Finally sold $6.5M for Joe Pesci’s 7,291 square-foot Lavallette house. He will living out his retirement in sunny California.

    https://www.zillow.com/homes/91-Pershing-Blvd-Lavallette,-NJ-08735_rb/39647949_zpid/

  3. Libturdian Thoughts says:

    Juice.

    Luck or skill?

    https://tinyurl.com/luckorskillAARK

    Nearly all of ARKKs gains have come from the start os 2020 until now. Nearly all of her gains have come from Covid induced tech stocks with a little bit of being in the right place (TSLA and related green stocks) at the right time (Biden being way more green than Trump).

    I am actually not surprised that Wood give Pumps wood. They both lucked into successful calls due to Covid. Pumps with his housing call that only came true when everyone wanted to escape the city due to Covid. Wood with her tech disruptor call when everyone started Zooming, Rokuing, Square purchasing, also due to Covid. The reversion back to mean is clear in the chart. Anyone who purchased ARK from the time the vaccines were released until mean is near is going to lose a bundle. This is not rocket science.

    And the sad truth is. 21% of that 39% ROI was the Nasdaq during the same time period. Did tech outperform? Sure. Sometimes we all luck into being in the correct sector at the correct time. But she needed to make some major adjustments (like most of us did) when the vaccines were released. She did not. Again, showing her lack of skill and reliance on happenstance. No one can predict the market. I give Buffet a ton of credit for figuring out that insurance is a no brainer. Plus, he is the master of cheapness. He’s like the original Captain Cheapo. But he’s generally a one-trick pony. His calls since Geico have been lackluster, even with all of the advantages he has over normal net-worth individuals.

    And damn you for getting the foist post.

  4. Grim says:

    Wow that house is hideous

  5. Hold my beer says:

    Looks like a wedding cake

  6. Libturd says:

    1985 just called Joe and she wants to buy your house back. But you must leave the carousel horse, pinball machine and everything made of formica in place.

  7. Juice Box says:

    He built that house in 1990, no updates since. The rose and purple colored inlaid carpet was all the fashion back then. New owners could even knock it down, there are more than a few knock downs around there.

  8. BRT says:

    Pumps housing call was based on the idea that NYC real estate would drive up NJ real estate. He surmised they would both go up. I even asked him for a call on San Francisco when it was obvious the market was topping there. New York dropped and everyone escaped. So NJ went up, NY didn’t. It’s the equivalent of having the right answer for all the wrong reasons, which doesn’t get any credit in the subject I teach.

    Wood actually made decent calls ahead of this, but she has tunnel vision, and is going to get slaughtered. Her oil analysis and EV market analysis is hideous and isn’t even based in any kind of reality. Fact of the matter is, this run from January has been epic and she’s missed out on all of it.

  9. Fast Eddie says:

    I was just about to comment on the Pesci house. First of all, could it be stuffed into a smaller lot? Secondly, the décor is horrible. Thirdly, the interior/exterior architecture over all is definitely not my style. And finally, who was the brain that decided to put on an inground pool on a deck, at the edge of a f.ucking bay? Ugh.

  10. The Great Pumpkin says:

    Come on now, are you really going to call her lucky? She f/ing nailed her bets. Just stop.

    Back in 2018, she called Tesla to a tee. She said tesla to 3,000 and all the haters started laughing and mocking her. Just like you guys are doing now. She nailed her positions, that’s the bottom line. She saw the future, and put her money where her mouth is. She hit on numerous disruptive trends…every single one she nailed. Covid might have accelerated these trends, but they were coming no matter what (just like my housing call, it was always coming, you just don’t get it).

    And lefty can STFU. My call was inevitable? STFU. I called that on the year, 8 years out. Just stfu and give respect when it is due. I give an epic housing call, and the dude comes back with it was inevitable. Sure…

  11. The Great Pumpkin says:

    More apartments were sold in Manhattan in the third quarter than at any other time in the last 32 years, in the latest sign that New York City real estate is set for a faster-than-expected recovery, according to new market reports.

    “What we’re seeing right now is a catch-up,” Mr. Miller said, referring to pent-up demand after a year of near-record inventory for sale. “All the suburbs were booming while Manhattan was seeing sales at half the normal rate last year. Now we’re seeing this massive surge.”

    BRT says:
    October 7, 2021 at 9:20 am
    Pumps housing call was based on the idea that NYC real estate would drive up NJ real estate. He surmised they would both go up. I even asked him for a call on San Francisco when it was obvious the market was topping there. New York dropped and everyone escaped. So NJ went up, NY didn’t. It’s the equivalent of having the right answer for all the wrong reasons, which doesn’t get any credit in the subject I teach.

  12. The Great Pumpkin says:

    Sf, I was wrong. I own it. I didn’t think tech would move out so quickly (spread to other parts of the country), but they will be fine in time. They are still the tech hub of the world. Hopefully, they will be strong again. Cali has a lot of problems with water, so this might be an issue that prevents them from coming back. NYC is sucking away at them…so major competition now.

  13. 40+ year realtor says:

    Record sales volume in Manhattan at what price relative to pre-pandemic? Slashed prices often lead to high sales volume. What is the measure of the market? If you are holding the asset the measure is price. If you are brokering the asset the measure is sales volume.

  14. Juice Box says:

    Pfizer has submitted to the FDA for formal approval of the Covid vaccine to kids 5-11 yrs old. Possibly next month it will be available.

  15. Juice Box says:

    Haven’t seen news of bidding wars in NYC.

  16. The Great Pumpkin says:

    The demand is there.

    Manhattan real estate prices reached an all-time high in the second quarter, as buyers returned to the city and boosted demand for the largest, most expensive apartments, according to new reports.

    The median resale price for Manhattan apartments hit $999,000 in the second quarter — the highest on record, according to a report from Douglas Elliman and Miller Samuel. Average sale prices rose 12% in the quarter, topping $1.9 million.

    The price jumps and shrinking inventory suggest the Manhattan real estate rebound continues to gain momentum, as more families look to trade up to larger apartments and buyers look to take advantage of lower prices and low mortgage rates.

    “It’s a sign of the frenzy and intensity of the market,” said Jonathan Miller, CEO of real estate appraisal firm Miller Samuel. “It’s rebounding much faster than most participants expected.”

    There were 3,417 sales in the second quarter — a 150% gain from last year, when many New York residents were leaving the city during the coronavirus pandemic, and Covid restrictions prevented apartments from being shown for much of the quarter. However, the pace was also robust compared with pre-pandemic levels. It was the strongest second quarter since 2007, according to Miller Samuel. Bidding wars were at the highest pace in 2½ years.

    40+ year realtor says:
    October 7, 2021 at 9:38 am
    Record sales volume in Manhattan at what price relative to pre-pandemic? Slashed prices often lead to high sales volume. What is the measure of the market? If you are holding the asset the measure is price. If you are brokering the asset the measure is sales volume.

  17. 3b says:

    40 year You are a 40 year realtor , your livelihood, your area of expertise, vast knowledge base, and all the rest. And yet you have been schooled by the one the only, the expert on everything. Know take this knowledge which he has offered to you freely and profit from it.

  18. The Great Pumpkin says:

    I’m with her. Lower highs and lower lows for the oil market. It’s only a matter of time before they have limited demand. You think Saudi Arabia and other oil based companies are diversifying their investments out of oil for no reason? Writing is on the wall, and Wood sees it clearly. She is just early to the game on all her calls which is why she gets mocked so much. Others just can’t see the future like she does. She is in the zone…

    “Her oil analysis and EV market analysis is hideous and isn’t even based in any kind of reality.”

  19. The Great Pumpkin says:

    Just stop with the insults…

    3b says:
    October 7, 2021 at 9:52 am
    40 year You are a 40 year realtor , your livelihood, your area of expertise, vast knowledge base, and all the rest. And yet you have been schooled by the one the only, the expert on everything. Know take this knowledge which he has offered to you freely and profit from it.

  20. 3b says:

    Pumps: Ah I would say it is you who have insulted 40 year.

  21. Bystander says:

    “It’s a sign of the frenzy and intensity of the market,” said Jonathan Miller, CEO of real estate appraisal firm Miller Samuel. “It’s rebounding much faster than most participants expected.”

    I was at a Victoria’ secret fashion show and told them my c*ck only has room for 4 of you. Hurry, which 4 are interested? Space is filling up fast..hurry girls..it is a frenzy. I am just telling the truth and no reason to lie or misrepresent.

  22. The Great Pumpkin says:

    How? By providing information he was asking about?

    I was being sincere, but that’s the problem with communicating over a blog. Context can be taken in different directions. That’s why in person provides superior communication.

    3b says:
    October 7, 2021 at 10:05 am
    Pumps: Ah I would say it is you who have insulted 40 year.

  23. 3b says:

    Pumps: I think you should go back and read 40 years post. It’s clear to me at least he was not asking you for information.

  24. The Great Pumpkin says:

    Wanted to address this when I had a second.

    What you are asking here is for her to deviate and change her strategy to chase money. This is how you lose it all. Stick to your strategy like she is doing. She doesn’t deviate and that’s one of her best characteristics. No matter how much they bash her and say she is wrong, she sticks to her gut and what she knows…never deviating from said strategy. She is an expert at buying the dip with nerves of steel.

    Again, this is a loading zone for her strategy (betting on disruptive tech trends). When she is getting smacked down and value stocks are flying high, you buy her sh!t up. It’s only a matter of time before new trends kick in. For all you know, her greatest growth story this decade didn’t even go public yet.

    “Fact of the matter is, this run from January has been epic and she’s missed out on all of it.”

  25. Libturd says:

    We should believe Pumps because he claimed was a financial advisor.

  26. Libturd says:

    “She is an expert at buying the dip with nerves of steel.”

    Prove this statement?

    You talk out of your ass.

  27. Bystander says:

    “He doesn’t deviate and that’s one of his best characteristics. No matter how much they bash him and say he is wrong, he sticks to his gut and what he knows”

    This was basically Faux news and right’s depiction of Bush about the two wars during 2004 re-election campaign. Time will tell..

  28. Nomad says:

    So rents are going up like crazy and NYC has massive Q3 sales volume. How is that possible and where are all these people coming from to drive demand? Selling price so low most of the NYC sales are investments holding for a year and a day? Seeing more price reduction in SFH outside the trial-state. Market slowing…

    She rode a macro wave and did it well. Def a smooth operator and put some bucks in her pocket. Were it to blow up tomorrow, should would live a very comfortable retirement.

  29. Fast Eddie says:

    Punkin,

    No school today?

  30. Libturd says:

    In other NYC news, NJTransit is still a POS. Train arrived to Glen Ridge on time, but arrived in the city ten minutes late. No excuses/apologies given. The conductors leave the doors between cars open (because they are too lazy to hit the button that automatically opens the doors) which makes the ride extremely noisy (especially in the tunnels) and lets the air conditioning out of the train cars. It’s also a security risk, but who am I to argue with these public servants?

    We were contra commute, so a least there were a lot of available seats. Someone really needs to remove the homeless who sit on the steps at the 7th avenue concourse.

  31. The Great Pumpkin says:

    When stories of Tesla running out of capital happened a couple years back, who was loading up on that massive dip? She was.

    That’s what she does. She is an expert at understanding and valuing disruptive trends, when they dip for whatever reason, she buys it up.

    Libturd says:
    October 7, 2021 at 11:14 am
    “She is an expert at buying the dip with nerves of steel.”

    Prove this statement?

    You talk out of your ass.

  32. Bystander says:

    Nomad,

    Since Q3 2019, the Fed printed 5T and bought up all the treasuries and MBS under the sun. Everyone’s got free cash, risk free..is it a surpise everything is levitating even NYC? Cash is free and everything is a great investment..until it is not which Fed is avoiding. Oz Powell knows it. Eveyone will play dumb until carousel stops.

  33. 3b says:

    Lib: Jeez you are such a complainer, instead of moaning about a late train why not put your headphones on and listen to music, or engage in people watching. You know some people are just never happy.

  34. BRT says:

    Let’s be honest here. Cathie came to her Tesla price by claiming by now, Teslas would all be autonomous taxi cabs and taking all of Uber/Lyft’s market share causing their revenue to explode. They would also have their solar panels on everyone’s roofs. None of that happened or is even in close sight. Massive price runup in a car company valued at 10x that of Ford, is completely unjustified.

  35. Libturd says:

    You’re right 3b. To be quite honest with you, my Captain Cheapo instincts were kicking in. $47 in rail fare for the five of us. We probably should have driven in. Parking was $25 a few block from there. Toll $13.75 and figure 2 gallons of gas, so another $6.

    Only in this area can it be cheaper to drive into the city then it would be for 5 people to take mass transportation.

    The rich get all the breaks.

    :P

  36. Libturd says:

    rail fare would have been higher, but we had one kid and one disabled traveler.

  37. BRT says:

    Pfizer has submitted to the FDA for formal approval of the Covid vaccine to kids 5-11 yrs old. Possibly next month it will be available.

    It’s great that they reduced the dosage, but the reality is, they need to consider 1 shot full vaccinated for children. The 2nd shot has been a problem and they don’t have as much data on the new dosages of mRNA for safety concerns. Sweden, Finland, and Denmark literally suspended moderna for people under 30 based on the statistics of heart ailments in that age group. At some point, you could be harming more than you are saving.

    If we were doing our due diligence in the US, we would have J&J trials of adenovirus vaccine going on for kids or possibly coming up with other mechanisms like deactivated virus for kids.

    Also, I wonder if the media is going to mention that Merck’s new pill was original intended for horses.

  38. BRT says:

    Jeez you are such a complainer, instead of moaning about a late train why not put your headphones on and listen to music, or engage in people watching. You know some people are just never happy.

    These days, you gotta be alert. Too many whackos looking to push you in front of the train. New York is back.

  39. 3b says:

    BRT/Lib: I was being sarcastic. I had brought up some weeks back about people being thrilled about not having to commute into the city anymore, on the POS NJ Transit, and the countless hours wasted over the years being stuck on the train/ terminal. All the evening events/ appointments missed etc A certain someone said people are never happy and always complaining, and that if they are delayed, they should just listen to music or engage in people watching. The beauty of course is that person does not commute into the city, and does not utilize NJ Transit.

  40. BidenIsTheGOAT says:

    They better crank up the fear mongering if they want to start jabbing kids.

    Maybe make up a catchy new name for covid. Already did that.

    Maybe censor any speech that questions the suitability of a vaccine with a sugar high duration to combat a cold virus. Already did that.

    Maybe suppress genetic therapeutic remedies. Did that.

    Who knows but they’ll come up with something. They are not going to end the covid state of emergency willingly.

  41. The Great Pumpkin says:

    No, your original post was on point. Just enjoy the moment instead of ruining your day complaining about stuff that is out of your control. Just enjoy the train ride and game with your family.

    One day, when you can’t work anymore, you are going to miss that commute. One day, when your family is gone, you are going to miss that train ride into the city with your family.

    Positive energy….it’s so good to just be happy and focus on getting another beautiful day to live in this world. Instead you want to miss out on life and WFH. Live and enjoy each and every day. Try not to be negative, it sucks the life out of you and makes everything not enjoyable. Not easy, but try to focus on the positives and enjoy the ride we call life.

    3b says:
    October 7, 2021 at 12:49 pm
    BRT/Lib: I was being sarcastic. I had brought up some weeks back about people being thrilled about not having to commute into the city anymore, on the POS NJ Transit, and the countless hours wasted over the years being stuck on the train/ terminal. All the evening events/ appointments missed etc A certain someone said people are never happy and always complaining, and that if they are delayed, they should just listen to music or engage in people watching. The beauty of course is that person does not commute into the city, and does not utilize NJ Transit.

  42. No One says:

    How much money are Tesla owners making yet from having their cars working for them as robotaxis while they are sitting at home or in the office. I think Musk said that would be ready by 2019 at the latest. The pitch was that if you paid extra for the “full self driving” hardware upgrade, your car would really end up paying for itself via its robotaxi services.

    Funny how all those consumer activists or regulators haven’t gone after the company for misselling or overpromising services. Not even criticism, forget about lawsuits. If Ford had said something like this about their products people would have called it fraud. But Tesla is “saving the earth” so the ends justify the means in their minds.

  43. The Great Pumpkin says:

    It’s amazing how many people have become afraid of vaccines. So annoying. It saves lives people. Be thankful you have access to a vaccine instead of bashing it. Leave the politics out of it.

  44. Libturd says:

    Elon Muskrat!

  45. The Great Pumpkin says:

    Robotaxis are inevitable. So what if they are off with when it will be ready, the point is, that it’s inevitable. When it arrives, it will change everything.

  46. BidenIsTheGOAT says:

    Make sure you fill your kool aid before your next booster pumps. Your cup is running low.

    The booster is itself completely political. The scientists said it’s unwarranted. Biden and his hacks decided to approve it because there is public interest.

    They created a monster by scaring the shlt out out of people. People have been deeply scarred by the fear. Many are irrational.

  47. The Great Pumpkin says:

    No one,

    Can you acknowledge that it’s pretty amazing how Tesla transformed the car industry from gas to electric? That’s capitalism baby. Competition and forcing the hand of an industry that was content with milking its current technology. Thank you, Tesla. Future generations are thankful.

  48. The Great Pumpkin says:

    Biden,

    Just be grateful you have access to a vaccine. Saved a lot of lives in this country and it’s helping bringing this pandemic to an end.

  49. 3b says:

    Pumps: Perhaps you should actually commute into the city, before you regale us with your philosophical nonsense. Positive energy my ass.

  50. BidenIsTheGOAT says:

    Never mind. I see where they are going. Get your kids a shot or you’ll have to cancel Christmas.

  51. The Great Pumpkin says:

    3b,

    It’s the truth. I used to be just like you. It’s a relief to focus on being happy as opposed to focusing on negative bs that leaves you feeling miserable. The world is not perfect, and will never be…if you waste your one life focusing your energy on the imperfections, you will never be happy. I sometimes fall back into the trap, but I’m getting better and better at focusing on what really matters. Are you healthy….if you are, what are you complaining about? Easier said than done, but I promise you, if you make the change it will improve how you feel dramatically. Just try to drown those negative thoughts away and focus on being happy.

  52. njtownhomer says:

    I testdrove a Y back in Sep, and was about to order, delivery was Jan when I did this in Sept. Following weeks wife test drove it and didn’t like it, delivery was Feb. I didn’t order than. Now, the order page on the website shows a April delivery.

    Model 3 registrations last month were higher than ever. NJ rebate for 2021 is done but still I think the orders are up.

    I think they will have massive order numbers next year too. Partly the ICE car prices also up dramatically and made Tesla simple models very competitive.

    On the stock price target $3000 may be possible in 5 years, but I can see 2021 yearend getting very close to $1000. Once the media will cover the demand, more will follow.

  53. 3b says:

    Pumps: First of all I am happy, complaining about a miserable commute is not indicative of being unhappy.

    But to your point and your quest for happiness, which you indicate you are. Why don’t you take that same peaceful Zen like tranquility, and accepting that which you cannot change and apply it to your deep hostility and hatred of WFH. It will make you even happier and at peace. I mean after all it’s your own advice.

  54. The Great Pumpkin says:

    3b,

    That’s not me being miserable or negative, that’s the passion in me. I like to debate. I just don’t agree with you when it comes to WFH. I don’t think offices are dead. I’m sorry, I think you are crazy to take that position, but you do you.

  55. 3b says:

    Pumps: I knew it!! You walked right into it!! So if I said my hostility to a crappy commute is not complaining , but rather the passion in me, that feels a State like NJ should be able to provide a fast, reliable, and clean transportation system it would be fine since it’s passion and not complaining? You are so full of crap, it just oozes out of you.

  56. The Great Pumpkin says:

    3b,

    Your passion is complaining about a commute….cool story, brah! Stop expecting perfection, dude!

  57. The Great Pumpkin says:

    NHMD hit a penny…..boom! Now that’s lucky. Back from the dead.

  58. 3b says:

    Pumps: Your passion is complaining about WFH, and how it will negatively impact you. You can’t complain about the transition to WFH, cool Bro! You can’t expect the world to stop changing, just because you don’t like it.

    I don’t come more shallow and hypocritical than you pumps!!

  59. 3b says:

    Should have said they don’t come more shallow and hypocritical than pumps.

  60. Fast Eddie says:

    Why do you people still interact with this person when (S)he is not real in any way? You’re being punked all day every day and insist on trying to debate.

  61. chicagofinance says:

    No One: strategist after strategist coming on in the media regaling green activists in government and business for fomenting change before the technology was ready….. now with the chronic underfunded capex for fossil fuels, the decommissioning of nuclear, and the shutdown of coal mines, Europe is one cold winter away from seriously taking the fracking pipe up the a%%. Even Putin, who should be laughing all the way to the bank, is not going to be able to keep up. The Saudi’s are champing at the bit.

    The calculus: Biden/AOC green new energy plan = expansion on Sharia Law

    Unintended consequences indeed.

    No One says:
    October 7, 2021 at 1:06 pm
    How much money are Tesla owners making yet from having their cars working for them as robotaxis while they are sitting at home or in the office. I think Musk said that would be ready by 2019 at the latest. The pitch was that if you paid extra for the “full self driving” hardware upgrade, your car would really end up paying for itself via its robotaxi services.

    Funny how all those consumer activists or regulators haven’t gone after the company for misselling or overpromising services. Not even criticism, forget about lawsuits. If Ford had said something like this about their products people would have called it fraud. But Tesla is “saving the earth” so the ends justify the means in their minds.

  62. 3b says:

    Fast: Cause it’s fun sometimes!! Like today!

  63. The Great Pumpkin says:

    Chi,

    Won’t this also push the tech development to proceed at a more rapid pace?

    It’s not going to be easy, but you can’t keep relying on the old forms of energy. You have to develop new ways of doing it. It’s not all about cost in the present, you have to account for the cost of continuing to rely on said energy sources. We need to move on from oil and coal.

  64. The Great Pumpkin says:

    And if we are successful with new energy sources, Russia and OPEC’s days of having leverage on the rest of the world are over. That’s worth investing in…

  65. Libturd says:

    Bebo jumped from elevators!

  66. chicagofinance says:

    Did he surf subways cars too?

    Libturd says:
    October 7, 2021 at 3:29 pm
    Bebo jumped from elevators!

  67. SmallGovConservative says:

    The Great Pumpkin says:
    October 7, 2021 at 3:26 pm
    “And if we are successful with new energy sources, Russia and OPEC’s days of having leverage on the rest of the world are over…”

    What a Dem dope! The days of Russia and OPEC having leverage were already over, until Joe was installed and handed it back to them. Pointing out the following excerpts to a know-nothing like you is probably a meaningless exercise, but here it goes…

    “On energy, President Donald Trump has Made America Great Again. In 2019, after 62 years, the United States achieved energy independence, meaning that as a nation we produced more energy than we consumed. In 2019, the United States produced more oil and more natural gas than either Russia or Saudi Arabia.”

    “Biden’s plan calls for transforming the energy sources that power the U.S. transportation sector in favor of electricity and renewable fuels… The transformation will be enormously expensive ”

    President Trump Has Kept His Energy Promises; Biden Wants to Undo Them – https://www.americanenergyalliance.org/2020/09/president-trump-has-kept-his-energy-promises-biden-wants-to-undo-them/

  68. The Great Pumpkin says:

    Small,

    Tell the truth instead of spreading political bs. Demand for oil dropped so much that it made it unprofitable to use American shale. They all shut down on their own. Demand picked up and the cartel went to work holding off supply. They then took advantage of the inflation talk to start raising the price. They know now not to get too greedy, if they raise the price too much, american shale companies will go back to work.

  69. The Great Pumpkin says:

    But their days are numbered because some smart people understood that we have to make sacrifices by investing in tomorrow…

  70. 3b says:

    Di Blasios own Department of Investigation issues damn ing report on Di Blasios use of his NYPD security detail according to CBS News. As per the report he used it as a concierge service, which included ferrying his children, friends, and staffers back and forth , and run errands. He also used them to conduct a daily security check on his rental property in Brooklyn. The report calls on the Mayor to reimburse the city for $320, 000 for his use of NYPD cops as his security while running for President. These leftist hypocrites love their perks of power and privilege, yet scream about the rich.

  71. No One says:

    Pumpkin, let me enumerate some of the ways your statement about Tesla is detached from reality.
    1) The industry isn’t transformed yet. There will be about 71 million light vehicles sold globally in 2021, and roughly 4.5m of them will be battery electric vehicles. So the industry is far from being converted at present. But you put this in the past tense.
    2) It will happen over time, but more because of government than capitalism. Nearly every BEV sold is due to a combination of subsidies and mandates from governments. Where the subsidies, taxes, and mandates are strongest, that’s where the BEVs are selling best. That’s not capitalism.
    3) Tesla has about 15% global market share for plug in electric vehicles YTD in 2021, down from 16% in 2020 and 18% in 2019. They will sell about 1 million cars in 2021, the first time they reached 1% global volume market share for the overall auto industry. They are the top selling brand in BEV, but other larger car companies are catching up in volumes as governments are increasingly mandating them to produce BEVs.

    Tesla has done pretty well not to fail. They weren’t that far from failing a couple of times, based on Musk’s own words. Without government interference and support, I think they would have failed.

    “Can you acknowledge that it’s pretty amazing how Tesla transformed the car industry from gas to electric? That’s capitalism baby.”

  72. No One says:

    I think Pumps should buy a Tesla and put it on autopilot and hang those fake gloves on the steering wheel so he doesn’t have to be bothered with looking at where its going.
    Either that or he could spend his days on the Tesla forums as a fanboi, rather than here. Doesn’t this guy allegedly drive a BMW, even an M series? That needs to be scrapped. And real Tesla fanbois only call Musk “Elon” because they think of him as their personal buddy and savior.

  73. Ex says:

    Two Words: F-ck ATT

    Seriously. Wut the fuuuck

  74. Ex says:

    When the big banks stop funding offshore drilling in the North Sea among other places, that should tell you the fossil fuel ship has sailed. Buh bye.

  75. Juice Box says:

    Wow bail reform really works in Texas. The latest School
    shooter is already home out on bail after he brought a gun to school and shot the ‘bully’ seven or eight times before shooting a teacher and fleeing.

    He is no danger, let him go back to school tomorrow.

  76. The Great Pumpkin says:

    No one,

    You still are underestimating Tesla. They have the electric market on lock. They are also a technology company, they are not a car company.

    Read this. Why is GM copying Tesla? Maybe because it’s the future and GM wants to survive. Funny, Tesla is garbage, but everyone wants to be them.

    https://www.wsj.com/articles/gm-needs-to-walk-the-tesla-talk-11633609360?st=vcs00hkwyo7u4sl&reflink=article_copyURL_share

  77. The Great Pumpkin says:

    And I’m not a tesla fan boy. I drive an M, and you know how M drivers feel about Tesla. Bmw is dedicated to keeping the internal combustion going, but for how long, I dont know.

    I love 2 stroke dirt bikes, but 4 stroke took over. I will never get used to that sound because i grew up on a 2 stroke. Yz 80 was my first bike. Powerband was amazing on the 80’s.

  78. Grim says:

    McConnell looking like he is sporting 4 chins these days.

  79. JCer says:

    Pumps here’s the issue Tesla is stagnating, they have the lead in battery power electric cars but are we seeing new models or anything other than minor improvements. Meanwhile the legacy automakers are waking up and moving into the space, how long until Mercedes, BMW, Audi start taking market share? As pure manufacturers of vehicles they are better at assembling cars plus they have more brand cachet. There are more than a few challenges in the space and government mandates have been a huge driver, without the transfer payments in CA Tesla would not be profitable. By the way 2 stroke no longer exists because of emissions standards, regulated out of existence.

    McConnell looks like he missed his appointment with the grim reaper.

  80. Ex says:

    Seahawks in day-glo green on NFL.
    Tripppppppy

  81. JBox says:

    Ford and SK Innovation..(Korean).

    Lawsuits were settled, now massive new lithium battery facilities in USA.

    google away..

  82. Libturd says:

    Fisker starts producing their Ocean shortly too.

  83. Libturd says:

    “A University of Chicago study suggests that a full one-third of the workforce could remain remote, and in Silicon Valley, the number could stabilize near 50%. Both executives and employees have been impressed by the surprising gains of remote work, and now many companies, banks, and leading tech firms—including Facebook, Salesforce, and Twitter—expect a large proportion of their workforces to continue to work remotely. Nine out of 10 organizations, according to a new McKinsey survey of 100 executives across industries and geographies, plan to keep at least a hybrid of remote and on-site work indefinitely.”

  84. Chicago says:

    We kissed 160 bps on the Ten

  85. Fast Eddie says:

    194K jobs for September vs. 500K expected.

    Build back better.

  86. Fast Eddie says:

    Despite unprecedented vaccine mandates and oppressive lockdowns in Democrat states, more Americans have died from COVID-19 this year than in all of 2020, according to Johns Hopkins University.

    More than 353,000 COVID-related deaths have now been reported in 2021, including 47,000 over the last month alone.

    Build back better.

  87. 3b says:

    Lib: You are going to wake the beast!!

  88. Fast Eddie says:

    President Biden’s popularity continues to plummet over his foreign policy fiascos, inability to sell his keynote domestic agendas in his own party — and even his handling of the COVID-19 pandemic.

    A new Quinnipiac University poll released Wednesday shows just 38 percent of Americans approve of the job Biden is doing, down from 42 percent in the same poll three weeks ago and 50 percent approval in mid-February.

    Build back better.

  89. The Great Pumpkin says:

    Lib, should have included the paragraph before it.

    You guys are jumping on trends that are due to the pandemic. If you think after the pandemic is over that they are not going to push you back into an office, you are naive. It works now because the competition is doing it, but the minute the pandemic ends, competitive companies are going to try and gain a competitive edge with in person workforce. The company that recruits the go getters that actually want to come in and work in person are going to absolutely kill it. Those teams will smash the remote competition and force their hand (it’s been done before when ibm and yahoo tried to pit their remote workforce vs in person competition and were forced to abandon it or die).

    “The rise of remote work drives these trends. Today, perhaps 42% of the 165 million-strong U.S. labor force is working from home full time, up from 5.7% in 2019. When the pandemic ends, that number will probably drop, but one study, based on surveys of more than 30,000 employees, projects that 20% of the U.S. workforce will still work from home post-COVID.”

  90. The Great Pumpkin says:

    Oh boy…

    Fast Eddie says:
    October 8, 2021 at 8:41 am
    194K jobs for September vs. 500K expected.

    Build back better.

  91. BRT says:

    Universities have officially jumped the shark with penalizing professors for having opinions based on data. Even in the Soviet Union, they still respected the scientific process.

  92. Bystander says:

    People should start a job hunt, talk to recruiters and see what is going on. There are lots of roles but too many short term contigent jobs to cover their rears now. Fewer long term prospects (many more’ kick the tires’ maybe hire later roles). The problem is that the expectations across board. Employers have been spoiled with leverage for years. Workers want remote/flexible work and many employers still want to be unclear on return policy. Lazard and Morgan are taking heavy hand “in office” and I have declined interviews at both. At least 50% jobs just state “remote until COVID”. WTF does that mean? How do you accept a job with that one? Also, inflation is out of control. Coming at people with weak@ss salaries is not going to get employees.

  93. 3b says:

    And our resident teacher expert on WFH is back at it again this Friday morning!

  94. Bystander says:

    Ed,

    Who you got as a solution for 2024? I’ll put my coffee down before you give answer.

  95. BidenIsTheGOAT says:

    What’s the problem with AT&T?

  96. The Great Pumpkin says:

    Truth be told, owning a house is not for the entire population. A good portion of the rental class are too lazy to take care of a house. They want nothing to do with it. They are much better at paying rent once a month and leaving the rest to the landlords.

    “Some enthusiasts see this development through the rose-tinted glasses of a new “rentership society,” which would see the concentration of ownership by the landlord class extend to the entire country. To further their profits, Wall Street firms like Blackstone are buying homes in hot markets and converting them into rentals. In the first quarter of 2021, roughly 1 out of every 7 homes was bought by an investor, according to Redfin, up from 1 in 10 in the previous three quarters.

    At the same time, urban planners and radical environmentalists are exerting massive pressure to curtail all suburban expansion on environmental grounds. This future can already be seen in places like California, where—thanks to stronger land use regulation and regulatory fees—housing has become unaffordable for all but the very affluent. Some new developments that could help fill this demand have been delayed for decades by the state’s overly burdensome environmental regulations, one net effect of which has been to raise California’s cost adjusted poverty rate higher than any other state, including that of Mississippi.”

  97. Fast Eddie says:

    Who you got as a solution for 2024? I’ll put my coffee down before you give answer.

    Our fathers and grandfathers version of the democrat party is dead. The party of JFK is dead. The party that supported hard-working, blue collar, union-type guys was that party and I probably would have been a democrat years ago because it represented classical American values. It doesn’t anymore. That’s not to say I’m completely enamored with the Republican party. I don’t know who I want to see in the chair but I can tell you, the progressive left has ruined this country and it’s pushing me further right from center. I used to be 50/50 on s0c1al issues but I’m not anymore.

    I used to be center-right but not anymore. I despise the left, the progressive party, the democrat party or whatever the f.uck that faction calls itself. The Republican party can do nothing to stop their agenda because the media is in full attack mode. I’m making good on my promise to separate myself from the devastation the left is causing even though I know I’m powerless as they take more and more of my money to fund their power grab.

  98. Libturd says:

    Transitory Ten Year approaching 1.6

    https://finance.yahoo.com/quote/%5ETNX?p=%5ETNX

    If we blast through 1.75, the uptrend is real IMO.

  99. Ex says:

    8:41 Drumpf asks DOJ to overturn the election 9 times.

  100. Bystander says:

    Ed,

    Perhaps that party never existed in the first place. The rise of TV, Leave it to Beaver, post war boom created narrow ideallic view of what America was. Like picturing your HS crush now. She is more beautiful in mind than reality. Seeing her today would kill that view. We would rather live in fantasy. Rand’s fictional book gives some perfect view of how capitalism. Truth is more complicated bc humans are more complicated. My Irish mother worshipped Kennedys but saw doc and read stuff then told me they were scum recently. Politics are for best debate team liars. The Rs are no better, fanning their xenophobic, 50s bs. Do you know I was R up until Bush 2000? Voted for guy. Used to listen to G Gordon every day in DC. Once Patriot act went through and wars happened, I saw the rights sickness, ignorant vengeance and war profiteering. I will take left non-sense. It might be annoying and crazy but I also have grown to realize not everyone had the leave it Beaver upbringing and rights religious shunning continues to empower them.

  101. Out of the Ashes goes the Phoenix says:

    Pumpy, this your Beemer? Americans can’t make a cell phone or car, now they can’t even commit suicide correctly.

    https://www.dailymail.co.uk/news/article-10072395/Man-plunges-100ft-ninth-floor-New-Jersey-high-rise-SURVIVES.html

  102. BRT says:

    By,

    If you hate the patriot act, there’s only one side now looking to expand it to focus on “domestic terrorism”, like being angry at school board meetings.

  103. The Great Pumpkin says:

    Yup, that’s what I was saying yesterday.

    “I see a lot of blame for Biden in comments.

    This is a market correction. Covid crashed the energy market in 2020. The lower prices of natural gas and oil allowed utilities to move away from coal and nuclear, and industries to base production on cheap natural gas (e.g., the massive, multibillion-dollar Shell Polymers plant in Pennsylvania feed by fracking). And U.S. fracking was devastated. Now that prices are rising U.S. fracking can roar back and mothballed coal plants can reopen and eventually prices will stabilize.

    The drop in prices happened during Trump because of Covid. The rise in prices are happening during Biden due to Covid.

    Stop blaming Biden for every bad news article that appears in the Journal. (To be honest, I don’t think the Biden administration, Trump administration or Congress is competent enough to control energy prices.)”

    https://www.wsj.com/articles/natural-gas-shortage-sets-off-scramble-ahead-of-winter-11633635902?mod=hp_lista_pos1

  104. Bystander says:

    BRT,

    Social media has allowed us to spy on each other and we did it freely bc people want to arrogantly show their great lives to people who they have not called in 20 years. SJWs, Rights exenophobia are all due to social media creating unique realities and quick anger.

  105. Fast Eddie says:

    By,

    Nothing you said appears unreasonable nor can I flat out disagree with. I’m not defending the right by no means but I truly hate what the left represents. I don’t like their agenda and disagree with practically every proposal they invent. They’re infinitely worse than the right and downright destructive. I’m also not looking for the “Leave It To Beaver” days but a return to discipline and steadiness or whatever it was we had that made this country strong. Individuals were held accountable for their success or failures. Period. We’ve come to a ridiculous point where I have to be aware of the proper pronouns to use to address the 158 different identities and groups and all the mor0nic, batty and boneheaded inventions by the left that changes on a daily basis. The left is a poisonous group of radical reprobates that their so-called “leaders” use as human fodder to seize control. They act according to symbolistic whims and it’s destroying the fabric that made us great. Yes, I used the word “great” because we once were and the progressives are systematically ruining us.

  106. Bystander says:

    I get it, Ed. I f-in hate pronoun stuff and how a small sliver of 1% are getting lion’s share of response and attention. We have bigger things to address.

    “Individuals were held accountable for their success or failures.”

    Let’s broaden this to corps, treated as individuals. When are they going to step it up instead of large banking cartels and corps looking for big bailouts, QE and tax handouts to even exist? Not performing any due diligence nor taking any real risk, passing back to uncle sam. Where is their patriotism? Where is their responsbility? You have state capitalism and Rs have been far worse at exploding our debt and providing everything they want. Truth is – the Rs are not fiscal conservatives and they are not small govt. The economy and stock market are just as good under D because Fed printing press ensures it. Take away R’s fiscal conservative BS and there is no plan to help this country. US workers need it – paid maternity leave, paid sick and better benefits. I am tired of Europe workers who hear 5 oclock whistle, no weekend work, 1 year maternity and 9 month paid when let go. The R keeps telling me Europe won’t surive. They are doing just fine with their worker protect policies. Rs have no tax reform, no worker rights, no debt improvement, no tax reform, no health reform, no immigration reform. It is status quo while the corps change, export more jobs and the world changes around us. Adapt or die. Strong arming other countries won’t work and our military is last big chip in th game. Take our dollars or we bomb the sh&t out of you. That is how the empire will survive a bit longer..

  107. chicagofinance says:

    By: not picking on you; I am neither R or D. Europe is in trouble. Serious intractable trouble and they are not honest among themselves, or to themselves. The future of the U.S. at its worst is Illinois with Chicago as ground zero. If you want our dystopian future, look at Chicago today.

    Bystander says:
    October 8, 2021 at 11:36 am
    The economy and stock market are just as good under D because Fed printing press ensures it. Take away R’s fiscal conservative BS and there is no plan to help this country. US workers need it – paid maternity leave, paid sick and better benefits. I am tired of Europe workers who hear 5 oclock whistle, no weekend work, 1 year maternity and 9 month paid when let go. The R keeps telling me Europe won’t surive. They are doing just fine with their worker protect policies.

  108. JCer says:

    The democratic party is very inconsistent, they almost went extinct in the 1980’s. Which cause the democrats to basically come back in a center-left capacity. They were a party of moderates with very few candidates who were far left. Today it is a different story, the left very much is in control of the democrat party, their policies are very dangerous and they have a desire to change the country by any means necessary.

    We are re-living the 1970’s right now to disastrous effects, we are seeing stagflation again where somehow costs are rising yet the consumer is strapped, wages aren’t really rising and the employment market is tanking.

    Bystander talk to some Europeans who are 25 or younger, you’ll see the folly in their policies. Massive youth unemployment, lots of difficulty, they’d kill for what you consider a lack of opportunities. The job market is very tight over there and wages suck for professional workers. Life is better over there but the job market is not and the wages certainly are not. There is always a cost to these policies, someone has to pay. I’m inclined to agree that there is way too much corporate welfare in the US but both parties seem to support it just for different industries. Party politics is the issue we need more people who are courageous enough to stand up to their party and represent the interests of their constituency.

  109. The Great Pumpkin says:

    CNBC’s Jim Cramer said Thursday he believes the primary solution to taming inflation is bringing the coronavirus pandemic under control.
    “Prices are going up across the board because people don’t want to die,” the “Mad Money” host said.
    “I think you cure this inflation not with higher rates, but with Pfizer, Moderna and J&J,” he said.

    https://apple.news/AvDEtvomaQkKbcT_0vxIsMQ

  110. Ex says:

    Democrats have made some gains the past decades, despite interruptions and various Republican fiscal disasters. Enough already.

  111. No One says:

    BRT, come on you must have heard about Lysenkoism in the USSR.
    That’s basically what’s already going on in some “scientific” fields in the US now, it sounds like.

  112. Libturd says:

    I agree with Chi. The Dems simply align a few social positions with what many of us agree with (at no cost) to maintain their personal gains.

    For example, what’s it cost to support gay marriage or abortion? Absolutely nothing.
    But climate change spending (which apparently can not really be separated from free PRE-K and extended maternity leave) is just a means to make campaign contributors and family members rich.

    Isn’t it unusual how little we are hearing about the fight over the good parts and how it is being promoted mostly as climate change spending?

    They are all the same.

    I am more progressive these days as I can’t stand populism. I probably would have switched back to the Red team if they were more moderate.

  113. 3b says:

    Chgo: I agree, with the EU analysis. They have for the most part a wonderful safety net, but it comes at a price. Rapidly declining birth rate, high taxes, expensive, low job participation rate, and, many of the countries such as France, Spain, Italy, and of course Greece, have stagnant uncompetitive economies. Additionally, simmering racial tensions, especially France and Germany, and a large immigrant population that is not assimilating well into the countries they live in and poor work prospects. The Balkan countries are still pressing for admission to the EU, and I don’t think they will ever be admitted; the EU simply can’t afford them.

    That being said in the USA, we still need to do a lot better, we cant afford an EU social safety network, but we can do better.

  114. 3b says:

    Lib: Agreed they all suck, and Americans either left or right, are pretty stupid people, if it’s CNN or Fox then it must be true. If you don’t agree with one or the other then you are suspect. I blame a lot as well on social media.

  115. Bystander says:

    Chi,

    Not arguing. It is insane..the ridiculous generosity and benefits are absurd. I don’t want us to be like them but this country won’t even move a f-in needle to provide basic humanity to all those taxed in this system. I just crossed my three year at bank and finally vested…yippee..Why is that type of power given to corps in first place? Or, health care..my family was thrown into Cobra almost immediately after layoff from bank. It took 5 months to get 1 offer that was not a complete catastrophe downgrade. It is not like good jobs lining up to be picked in this country. It was the greatest economy ever, right? It is game of chicken..and game is so titled in one direction to ensure you have less leverage as US worker. That is my experience. We have been talking about Europe for decades. It is not imposing and the reason is that all govts and central banks are tied together to ensure stability. We probably can’t even fathom what deals have been done in dark by Fed to help financial system. Is Greece a horrible place now? Destitute and famished from gross system? My Dad goes there and said samo, samo

  116. BRT says:

    No One, you are correct. I was thinking more along the lines of 80s. Russia produced some of the best physics work at the time.

  117. BRT says:

    By,

    I would argue social media gives almost no value in terms of actual information. It’s a caricature of what people wish their lives were like. Search data, email, yes, we gave all that away. Personally, I do all I can to protect my own data. That being said, the government has resorted to snooping on our emails. They originally did so to prevent so called terrorism from abroad. Now they are openly doing it for the most petty garbage under the guise of preventing “domestic terrorism”

  118. Fast Eddie says:

    Democrats have made some gains the past decades, despite interruptions and various Republican fiscal disasters. Enough already.

    And right on cue, another lemming dives off the cliff screaming Trump’s name as they smash into the rocks. LMAO!!

  119. Fast Eddie says:

    Joe Manchin says “This Is Crazy” as Schumer celebrates debt limit deal, then leaves. Keep pulling the lever for the dems, maybe they’ll give you a piece of boiled meat.

  120. Out of the Ashes goes the Phoenix says:

    She must have liked her M Class Beemer too:

    Ospina set the repayment amount at $1,000 a month after Wilkerson testified that she had reduced her living expense by that amount by getting rid of her $580-a-month BMW lease, $300 to $400 in monthly car insurance payments and $223.42 each month for cable television.

    https://www.nj.com/hudson/2021/10/nj-woman-who-collected-272k-in-benefits-for-father-years-after-he-died-loses-court-appeal.html

  121. Out of the Ashes goes the Phoenix says:
  122. 3b says:

    Phoenix: The old gal should have got some jail time.

  123. BRT says:

    Phoenix, I have a friend in the military. They are changing his job and giving him a paycut. Basically doing it to everyone at his level. One has to wonder what these soldiers are thinking watching everyone else get free money while we continue to treat them like garbage.

  124. No One says:

    I think all real estate seems sane compared to this, from a Matt Levine note:

    Non-fungible tokens are hot right now. The way a non-fungible token works is:
    1. I create a work of art, or destroy a work of art, or make a joke, or do something else.
    2. I sell you a digital proof, enshrined permanently in an open blockchain, that you have paid me for that work of art or whatever I did.
    3. That is the entire transaction: You get “ownership” of whatever I sold you in the form of that digital proof on the blockchain, but (in the general case) no legal rights to the thing.
    Are there NFTs of the Brooklyn Bridge? You’d better believe it. What do you get when you buy an NFT of the Brooklyn Bridge? You get proof, on a blockchain, that you bought the NFT of the Brooklyn Bridge. What is that worth to you? Very little really, because if you buy a Brooklyn Bridge NFT it is uncomfortably clear that you are being made fun of. With other NFTs it’s a bit less clear!
    What I propose is UnicornCoin:
    1. There’s some hot giant tech startup, Unicorn Inc., that gets a lot of buzz and raises money at a $40 billion valuation.
    2. I mint 40 billion UnicornCoins.
    3. “As Unicorn Inc. goes up in value, each UnicornCoin will also gain value, I guess, whatever,” I say.
    4. You buy UnicornCoins.
    5. Unicorn Inc. announces new cool things.
    6. People notice that and UnicornCoin goes up.
    7. The system works.
    8. Unicorn Inc. goes public at an $80 billion valuation.
    9. Has the price of UnicornCoin doubled? Man, I have no idea, none of this is anything, but does it feel like something?
    I confess that I am inspired by NFTs, and I guess by Tether, but also by the SHIB cryptocurrency, which, through the awesome power of pure nonsense, seems to track something like “how much attention are people online paying to Elon Musk getting a Shiba Inu?” When Musk tweets about getting a Shiba Inu dog, SHIB goes up. Is it worth more? Is there a robust arbitrage mechanism to ensure that the price of SHIB tracks the cuteness of Musk’s Shiba Inu? Does SHIB confer any ownership rights to Musk’s dog? Are there cash flows from the dog that are securitized into SHIB? No, absolutely not, it is nothing, it is a pure online joke, but when Musk tweets about his Shiba Inu people are like “oh I remember that there’s an online joke token about this” and they buy SHIB and it goes up. It has a market capitalization of $10 billion. It’s up 216% this week because of a Musk tweet. This isn’t my fault! I don’t make this stuff up! This is a real thing that is happening!
    All I am saying is that if I sold you a crypto token that was called “StripeCoin” and I said “this is a token on the stock of Stripe” you might say — because you are reading Money Stuff, etc. — you might say “wait how is the value of the token linked to the value of Stripe” and I would say “hahahaha it absolutely isn’t.” But my hypothesis is that not everyone is as skeptical and literal-minded as you are, and some people would just go buy StripeCoin when they had nice thoughts about Stripe and sell StripeCoin when they had sad thoughts about Stripe and buy a whole lot of StripeCoin when Stripe went public, and it would at least directionally end up being a sort of a proxy for Stripe stock. And everyone would get what they came for, which is a convenient way to gamble on people’s feelings about Stripe.

  125. chicagofinance says:

    Greece? Is an absolute train wreck. They are lucky that The Parthenon was not sold to the Chinese for money. The only reason Greece still exists, is that Germany in its myopic greed thought it could whitewash that archaic medieval financial system through the EU, Euro & sovereign backstop, in exchange for a captive market for their manufacturing exports.

    Did it work? of course not….. all it did was allow the country to borrow at will…. now manipulation? I still remember joking to my finance buddies about Greek debt not only trading through Treasuries, but trading with NEGATIVE YIELDS.

    Bystander says:
    October 8, 2021 at 12:29 pm
    Is Greece a horrible place now? Destitute and famished from gross system? My Dad goes there and said samo, samo

  126. Juice Box says:

    Debalsio the gift that keeps on giving.

    Intelligence Tests and scales are racist, we WILL be all equally DUMB….

    “(CNN)New York City will phase out its controversial gifted and talented student program after years of debate that the exclusive classes further segregated students.

    City officials say the new policy will allow all rising kindergarteners to have access to accelerated learning, in what the Mayor says will provide an equitable model allowing children to “reach their full potential.”
    The program, named Brilliant NYC, will do away with the test given to 4-year-olds before they enter kindergarten to identify “gifted and talented” students, and instead implement an accelerated instructional model in Fall of 2022 that will serve all approximately 65,000 kindergartners, according to the Department of Education (DOE).
    “The era of judging 4-year-old’s based on a single test is over,” New York City Mayor Bill de Blasio said in a statement. “Brilliant NYC will deliver accelerated instruction for tens of thousands of children, as opposed to a select few,” he said.
    “Every New York City child deserves to reach their full potential, and this new, equitable model gives them that chance.”
    The current gifted and talented program admitted 2,500 students based on test scores, many who were predominantly Asian American and White, according to the DOE.”

  127. chicagofinance says:

    I go very Milton Friedman about this one….. if you want to cast a wide safety net in the U.S., then make the borders secure….. absolutely vapor locked.

    If we continue with porous borders, then we must make sure that we inflict pain.

    Be careful what you wish for……….. just because you don’t want to pay for benefits does not mean you cannot pay for benefits. People are just habituated to certain constructs.

    Please understand that I am not cold hearted. I am talking about these ideas in the abstract. I know people need to make difficult, if not impossible, personal decisions each day.

    Bystander says:
    October 8, 2021 at 12:29 pm
    Or, health care..my family was thrown into Cobra almost immediately after layoff from bank. It took 5 months to get 1 offer that was not a complete catastrophe downgrade. It is not like good jobs lining up to be picked in this country. It was the greatest economy ever, right? It is game of chicken..and game is so titled in one direction to ensure you have less leverage as US worker. That is my experience.

  128. chicagofinance says:

    As some who lived through the benefit of this NYC public education program from grade 2-12, I am so incredibly saddened about this development.

    Juice Box says:
    October 8, 2021 at 1:42 pm
    Debalsio the gift that keeps on giving.

    Intelligence Tests and scales are racist, we WILL be all equally DUMB….

    “(CNN)New York City will phase out its controversial gifted and talented student program after years of debate that the exclusive classes further segregated students.

    City officials say the new policy will allow all rising kindergarteners to have access to accelerated learning, in what the Mayor says will provide an equitable model allowing children to “reach their full potential.”
    The program, named Brilliant NYC, will do away with the test given to 4-year-olds before they enter kindergarten to identify “gifted and talented” students, and instead implement an accelerated instructional model in Fall of 2022 that will serve all approximately 65,000 kindergartners, according to the Department of Education (DOE).
    “The era of judging 4-year-old’s based on a single test is over,” New York City Mayor Bill de Blasio said in a statement. “Brilliant NYC will deliver accelerated instruction for tens of thousands of children, as opposed to a select few,” he said.
    “Every New York City child deserves to reach their full potential, and this new, equitable model gives them that chance.”
    The current gifted and talented program admitted 2,500 students based on test scores, many who were predominantly Asian American and White, according to the DOE.”

  129. The Great Pumpkin says:

    I feel bad for those teachers. Mission impossible.

    People are out of their minds…

    Juice Box says:
    October 8, 2021 at 1:42 pm
    Debalsio the gift that keeps on giving.

    Intelligence Tests and scales are racist, we WILL be all equally DUMB….

  130. Fast Eddie says:

    “Brilliant NYC will deliver accelerated instruction for tens of thousands of children, as opposed to a select few,” he said.

    And if the kid fails? Then what? Bell curve grading?

  131. JCer says:

    It’s the road to ruin, I see it here in NJ as well. The notion of equality of outcomes between all races and types of people. It is very dangerous to look at the cake after it was baked(test scores) to see what the baker(schools, teachers, parents, etc) did right or wrong. They very commonly are correlating outcomes to the wrong factors, it’s a purely pseudo-intellectual exercise. The bright kids need to be separated, they get bored and simply check out or worse. Gifted and Talented programs are being eliminated in many “woke” districts, especially the name “gifted & talented”, that is forbidden. The public schools want to teach the latest iteration of Bebo. They certainly don’t want to recognize the achievements of white or asian kids because hard work and effort is “racist”.

  132. 3b says:

    Juice: Another hit to NYC and real estate in general there. Parents with students in the gifted and talented programs will leave the city, and taking jobs with them.

  133. BRT says:

    JCer,

    in my son’s district, they have outlawed homework graded for anything other than completion. They reason, we shouldn’t penalize kids for getting it wrong. Why give them an incentive to actually work hard? I grade my homework, and give them points back if they correct what’s wrong. Grading for completion is code for copy from someone else and hand it in.

  134. Fast Eddie says:

    JCer,

    It truly boggles the mind. How are the l1berals allowed to run roughshod and implement whatever warped idea they want?

  135. 3b says:

    What happens to Bronx HS of Science and Stuyvesant?

  136. Out of the Ashes goes the Phoenix says:
  137. Fast Eddie says:

    What happens to Bronx HS of Science and Stuyvesant?

    The name will be changed to Bronx HS of Diversity, Equity, and Inclusion

  138. 3b says:

    Phoenix: Would not something else have to be removed before the condom is removed, and would not the party that it was removed from not know it?

    Also, how would anyone even be able to prove this?? The madness continues!!

  139. Out of the Ashes goes the Phoenix says:

    3b,
    You can’t prove it. I can’t begin to tell you how much “REAL” evidence I had in my court cases-and no one ever bothered to look at it. I had police tell me to “shut up, I don’t have to look at anything, you do what I say” and judges, when I had recordings and evidence tell me ” I’m not listening to to this, you are retaliating against your wife.”
    At least DYFS listened to the recordings of her abusing my child. They were better than the police and judges combined.

  140. Libturd says:

    On the G&T tip.

    The primary reason my family moved from Montclair to Glen Ridge was due to their desire not to track students. My older son, still sporting straight A’s now through a month of 11th grade in two honors and two AP classes, knew how to read and knew basic math coming into Kindergarten. We chose our daycare center (starting at 4 months) based on their ability to prepare our children for school. They assigned homework, and the center was teacher directed. A lot of the local parents believed their child’s day should be child directed and no homework until 3rd grade. Well, when our kid went into kindergarten and was bored out of his mind waiting for everyone to catch up. His teacher said it was unfair to the other children to start differentiated learning. The K-6 school even had a program where students were able to win prizes for reading books. The prizes were like pencils and pens. My kid was dying to participate. They would not let him. And you wonder where my hatred of teachers comes from?

    Could you imagine being a supervisor of a team in the workplace. A few of your direct reports begin to excel in an effort to gain a promotion. You must stop them from doing so. It’s not fair to those who do the bare minimum.

    So glad we moved to Glen Ridge.

  141. Out of the Ashes goes the Phoenix says:

    Eddie,
    Bush and Obama lied in the video I posted earlier, along with generals and other officials. There is no hope for either side.

    “Discipline or steadiness?” How you going back to that? This country has proven just how unethical all of it’s leaders are. You got granny’s stealing government money so they can buy BMW’s like Pumpy.

    Don’t blame the youth when these are the examples set for them. Priests, nuns and teachers molesting them. Presidents lying to their faces. And no one, not anyone of value being arrested or given real jail time for the crimes they commit. Look at Miss Full House- this is the example you set, get caught, out in a week.

    But you kill a guy over 20 bucks-that no one has yet said he even knew it was fake.

    America is finished. It’s not a matter of if, it’s a matter of when. It will go on, but it will be nothing like the past.

  142. Out of the Ashes goes the Phoenix says:

    Lib,
    One size fits all does not work if you want to maximize education potential of children.

    The end.

  143. Fast Eddie says:

    “Let’s Go, Brandon!”

    I witnessed the birth of that chant as it unfolded.

  144. 3b says:

    Meanwhile in my town an old gal in her 70s accepted a plea deal and will be sentenced in January. Her and the company accountant robbed the company she worked for at for 30 years. She was caught in 2016. Prior to getting busted she bought herself a big ass ugly Mc Mansion in 2015! It’s ugly like they all are. Gee, I wonder where she got the money from? I plan to egg her house on Halloween!!

  145. Bystander says:

    Thanks Chi. I get the point and agree. Not trying a ‘poor me’ story. I am talking about system itself. I can obviously withstand Cobra payments for awhile. I also know that many people are paycheck to paycheck, no true benefits and don’t get real 401k matches. The system grinds them up if out of work long. They can’t afford Cobra for long.

    On Greece..I agree train but you said it, allowing them to borrow more and the world keeps turning. I am more cynical that it was by design to keep financial contagion from spreading. Central banks in coordination and behind scenes.

  146. 3b says:

    Bystander: I was very surprised to see the low percentage of companies that even offer 401ks and even lower on company match if I remember as well.

  147. Libturd says:

    I passed a BMW I8 on the GSP today. BMW has completely turned ghetto. I imagine the quality of their vehicles are about to go to sh1t as they have way to many models for quality to be possible. Even at the $147,000 starting price tag for the rarer ones.

    When I bought my Honda Civic, arguably the most reliable car in the world, back in 1995, there were only six choices. And three of them were Civic offshoots. The Passport, Civic, Odyssey, Camry, Prelude and the Del Sol. A few years later the Del Sol and Prelude were dropped. Back in the 80s, when my dad bought his BMW, there were four models. Today, there are twenty two. This is insane.

    About 15 years ago, my brother (the personal injury lawyer) bought a Honda S2000. What a friggin’ bargain. He got more for it when he sold it ten years later, than what he paid for it. He regrets selling it to this day.

  148. JUice Box says:

    The premise from NY is that kids learn at different rates, which is true. So we are intentionally going to hold back the faster learners perhaps years to give the slower children time to catch up.

    This guy DeBlasio wants to run for governor too where he can do even more damage.

  149. No One says:

    Libturd,
    I drove an i8 around California when it first came out, seemed like a fun, quality car, but totally impractical, like most ultra-sports cars. On that one you look cool till someone catches you trying to get out of one (because the seat is so low).

    The way modern cars are made, BMW doesn’t really have as many models as you think. There are “platforms” that share a lot of common components, and one platform may be the base for 5 or 6 customer “models”. From a production/component/supply perspective the difference between the models aren’t that great. They have a few core engines with only minor tweaks between them. That’s not just BMW but most carmakers.

    BMW shows up as above average in JD Power’s Vehicle Dependability study (longer term) and slightly below average in their Initial Quality ranks. For most brands there’s not a huge difference. Other than Lexus and Hyundai being better than average. The real dogs on these ratings is stuff like Land Rover, Alfa Romeo, and Tesla, that score significantly worse than average on initial quality as well as vehicle dependability. And Tesla only really has 2 models, because their “suvs” are more or less slightly lifted versions of their 3 and S.

    https://www.jdpower.com/business/press-releases/2021-us-vehicle-dependability-study-vds

  150. JCer says:

    lib BMW is trash and has been since the early 2000’s, they really started to cheapen their cars in the 2002-2005 period, lots of plastic in the engines, bad timing chain guides, a vanos system which is constantly breaking. You’ve got an old BMW their is a good chance it still runs ok, you got one from 2005 it probably exited service before 2012.

    Unfortunately all new cars are less reliable than old ones and we can blame CAFE, emissions standards, etc. The need to wring fuel economy out of these vehicles while increasing horsepower means forced induction motors(turbos, superchargers, etc) where as older cars were naturally aspirated and electronically controlled yielding engines that nearly last forever and are relatively inexpensive to repair. Take the engine slap two turbos on it and push it to 250 hp, then shed a bunch of weight by making things out of plastic instead of steel or aluminum. Now when one of these 5 dollar plastic parts fails you’ll need to disassemble the engine rendering it economically unfeasible to repair.

    The civic is reliable but the camry of the early 90’s gets the title of the most reliable car in the world. I like the video where the guy runs it without motor oil, then later removes the oil pan and replaces the bearings basically reviving the car. You simply cannot kill those cars.

  151. BidenIsTheGOAT says:

    Complete and total sovietization of the schools. Reform means destroy. They have no viable alternative for better performance. Just destruction and then substitute indoctrination.

    Look for them to start having children denounce their parents if they speak negatively of the schools. That’s the next step. Garland wants to treat anyone in opposition to wake schools as deistic terrorists.

  152. Libturd says:

    I have to vouch for our two Mazdas. A combined 225K between them without a repair. Just regular maintenance.

    In crazy expensive Jersey news, just got my EZ-Pass statement for August and September. Almost $400. The moment I move to Vegas, I save $2,500 a year on tolls alone. It’s crazy to live here.

  153. The Great Pumpkin says:

    Unemployment benefits ended, but no change. Need to Covid under control. That’s the bottom line.

    “Where Are the Missing Workers?
    Another sign the problem is supply, not demand: The labor force shrank last month, by 183,000, remaining some 3.1 million smaller than before the pandemic. The labor force participation rate ticked down to 61.6% and has held in a narrow range since last summer. It was over 63% before the pandemic. Exactly where those workers went remains a bit of a mystery. Discouragement doesn’t seem to be the reason: The number of people who didn’t look for work but want a job ticked up slightly, to 409,000, but remains far below levels of just a few months earlier. The broadest measure of underemployment dropped to 8.5% from 8.8%, the lowest since the pandemic began and roughly where it stood in mid-2017. Enhanced unemployment benefits expired nationwide last month but left no discernible mark on the aggregate data. Indeed, the number of job market re-entrants dropped. The Census Bureau’s biweekly “pulse” survey suggests Delta had some effect: The number of people not working because they had, or were caring for someone who had, Covid, jumped by about 1 million to about 4 million in September from August. This was roughly offset by a decline in those not working because they were caring for children. —Greg Ip”

  154. Out of the Ashes goes the Phoenix says:
  155. The Great Pumpkin says:

    BMW is not trash…come on, now. Just like guys do with govt, you are now doing to cars…you guys expect perfection. Dream on.

    I had a 2006 bmw that i bought brand new. Had 135,000 miles when i traded it in and barely had any problems besides leaks, which were common back then. My m3 had a problem with the horn and some sensor on the front shock. It happens, nothing is perfect unless you get lucky.

  156. Libturd says:

    I’m thinking a lot more jobs went off of the books. It’s the American way. Especially for the wealthy who simply don’t declare what they actually earn but know their odds of getting caught are next to nothing.

    Alpaca farm anyone?

  157. Libturd says:

    I’m the luckiest car owner alive.

    The only repair I’ve ever had was an alternator replacement on my Civic at 125K. Never even had to replace the original clutch.

    I am so lucky.

    I suppose the #1 and #2 reliability ratings on the cars I’ve owned had little to do with more than luck as well.

  158. Libturd says:

    My dads BMW was relatively reliable. But even the routing maintenance cost an arm and a leg. Though, it WAS fun to drive.

  159. The Great Pumpkin says:

    Civic is for basic needs. Of course it doesn’t break when it’s basic. Car is so boring. It’s for someone that is practical, but no style or sense of fun. So if you want a basic car, then go civic or with the toyota corolla.

    P.S. ever notice the worst drivers are in a corolla or civic? Always causing traffic along with accidents. They suck. I despise them.

  160. BRT says:

    BMW is not trash…come on, now. Just like guys do with govt, you are now doing to cars…you guys expect perfection. Dream on.

    I had a 2006 bmw that i bought brand new. Had 135,000 miles when i traded it in and barely had any problems besides leaks, which were common back then. My m3 had a problem with the horn and some sensor on the front shock. It happens, nothing is perfect unless you get lucky.

    I drove a mustang cobra hard to 300k, and had a turbo on it for 40k of those miles. Nothing ever broke on that thing. 135k is not impressive. Surely isn’t anything to brag about.
    I’d be pissed if my car didn’t get to that number without an issue. I’m currently at 225k on my civic without an issue.

  161. BRT says:

    P.S. ever notice the worst drivers are in a corolla or civic? Always causing traffic along with accidents. They suck. I despise them.

    lol, that’s the first I’ve ever heard that claim. I did read about a psychology based traffic study at a 4 way stop. The people most likely to cut off the others and not wait their turn were the German automobile drivers. The only outier was the prius drivers.

  162. The Great Pumpkin says:

    Corolla drivers are hands down dangerous. I avoid them like the plague. People that bitch about the german car drivers are the a$$holes in the left going 40 mph and wondering why you are riding their a$$. F’k them with a brick.

  163. Libturd says:

    BRT,

    I actually noticed that as well. German car drivers drive like they own the road. I was recently escorting my son who is learning how to drive and explained how a 4-way stop worked. Sure enough the first two cars went in the order they arrived at the intersection. The third car pulled out, followed immediatelly by the pr1ck driving the BMW directly behind him right when my son was about to go. He turns to me and says, WTF was that? I had to immediately explain to him the porcupine/BMW joke. This happened about three days ago, which is what makes your post so incredible.

    Speaking of stereotypes, I used to think Indians were the worst drivers. The way they cut in and out and change lanes so rapidly. Until I went to India. Then I realized that they are probably the best drivers in the world when it comes to densely packed roadways. Now I just ignore them. They KNOW what they are doing.

  164. Ex says:

    BMWs are fine if you can’t get past their Nazi past along with VW and the rest of the German stuff. They handle really well. If you want to spend you life riding around in a civic be my guest. If you really love cars that handle and have amazing seats and some level of fit and finish you’ll be looking at German cars. No, they are not perfect, but the parts that crap out can be replaced. It does cost a lot. I don’t daily drive mine currently, but I would. Cars tend to be a fairly personal expense and they are not great investments. Flexing on a Mustang is fine, but they do not handle. At all. Cornering is something akin to a horror show in a Mustang.

  165. Libturd says:

    The other thing that drives me crazy is when people who drive SUVs built on truck chassis (or Jeeps) slow down for speed bumps and potholes. If you are going to spend 50-100K to own a car that can cross the Sahara. Use the darn thing. I would be driving over curbs and medians like there was no tomorrow.

  166. Ex says:

    What makes Mustangs so terrible in the twisties?? Two words: Weight Distribution.

    Carrying 53-55% of the weight over the front wheels means that the cars will “dive” into corners and lose traction IN THE FRONT which is terrifying and can lead to very bad things.

  167. Libturd says:

    I have to say, driving that 95 Civic hatch was still my favorite car to drive to this day. It was so small and so light that it handled like a go-cart. Once you learned the nuances of the 5 speed, it was pretty fast as well. Well, up to about 30 MPH. After that, you were toast. None the less, she was great in the snow, and I could Perellis for those 12″ rims for like $90 a piece. Man do I miss her. The other crazy thing was the headroom. I never had trouble with it. I can barely get into our CX-9 without banging my head on the frame.

    We need Captain’s seats for our next car. We are caught between the Telluride and the Durango.

  168. Libturd says:

    Ex, our CX-9 does that. It scares the crap out of you when it dives into a sharp turn. Very dangerous. I read about it before I bought it but had no idea it was that bad until it happened for the first time. It’s an extremely powerful V6. Too powerful actually, which accounts for it’s terrible 24/17 gas mileage. It’s the car my son is learning on and it’s not making it easy.

  169. 3b says:

    BRT: Worst drivers by far I have seen are BMW s followed by Mercedes and Porsche. Seems to be a German car thing. Arrogant, obnoxious pricks.

  170. Out of the Ashes goes the Phoenix says:

    Ex
    Guess you never drove a Civic Type R or SI.

    And Lib,
    Take a Jeep over a speed bump fast enough and you will find yourself airborne.

  171. BRT says:

    Lib funny how you post that and our resident bmwer thinks he owns the left lane. That’s the funny thing about driving a car that looks ready for demo derby like mine. I’ll play chicken with them and they bail knowing I don’t care.

  172. Ex says:

    6:40 I would, but No I have not owned one. I don’t really like FWD in a performance car.

  173. Ex says:

    6:34 I see that too sometimes. But it’s always the ragged out Nissan Sentra going 90 mph that makes me wonder. See a lot of nuts in those (meth?) and lots of aggressive F150 drivers in jacked-up trucks. Annoying.

  174. The Great Pumpkin says:

    Brt,

    Keep right, pass left. It’s the law.

    Too bad, pricks don’t follow it. Then im the a$$hole in the bmw for riding your a$$. Just get in the right lane if you want to drive below the speed limit.

  175. BRT says:

    You know tailgating and speeding is also against the law. You are getting too old to drive like a maniac.

  176. The Great Pumpkin says:

    Just pull into the right lane and let the cars pass.

  177. The Great Pumpkin says:

    Hilarious, all the lemmings on twitter that used to obsess over ark funds are now bashing it. Loading zone….prob will even drop more. This is how money is made. The negative sentiment turns into a value as it’s oversold. We are there. You can’t stop the technology. So it’s inevitable, as lefty likes to say, that ark will go on runs again as the tech they are invested in matures. Easy money if you buy in now and hold lomg term.

    P.S. all the lemmings will be back once it hits its upward cycle again in a few years.

  178. Grim says:

    I liked my x3m, but I wouldn’t go out of my way to brag about it. I certainly wouldn’t brag about the quality, which was pretty shit.

    Legacy GT manual and my bugeye WRX were both incredibly fun and capable cars as well. I could trounce any M in the twisties with the rex, but it was fairly modified and could run high 12s in the quarter if I was willing to risk the trans.

  179. The Great Pumpkin says:

    No one buys an M to brag, it’s because they respect the car.

    WRX has a big fan base. I just think a BMW M is so much more fun to drive.

  180. The Great Pumpkin says:

    X3m (latest generation) is a beast. That thing is nuts for a little suv.

  181. The Great Pumpkin says:

    Listen to that beast. Music to my ears.

    https://youtu.be/S9us5tTTQnE

  182. Ex says:

    Two words: drop top.

  183. 3b says:

    My Lexus RX 300 is 21 years old with over 200k on and still going strong. I bought a new car for my wife a couple of years ago, but I am quite happy with my Lexus.

  184. 3b says:

    Pumps: There are always people driving in the left lane, why not accept what you can’t change, like a crappy commute?

  185. BRT says:

    Just pull into the right lane and let the cars pass.

    How fast do I need to drive for you not to tailgate me?

  186. BRT says:

    The traffic study, part of a larger body of research relating behavior and wealth, pitted pedestrians against passing motorists. It was published in The Proceedings of the National Academy of Sciences in 2012.

    In California, where the study was conducted, state law requires motorists to stop at crosswalks when pedestrians are present, allowing them to cross the road. Mr. Piff said his team selected a specific crosswalk to observe, then had a pedestrian appear on the edge of the curb as a car approached. As the pedestrian stepped into the road, a researcher marked down the driver’s reaction to the pedestrian. This was done with 152 drivers.

    The team also watched a four-way-stop intersection over a week, noting how likely drivers were to cut in front of others when it was not their turn to go. In their observation of 274 cars, the researchers found that the more expensive ones were more likely to jump their turns in the four-way rotation, Mr. Piff said.

    In addition to describing drivers’ behavior in both locations, the researcher was to indicate the sex and age of each driver as well as the age and appearance of the cars, with a “1” signifying beat-up, low-value cars and a “5” given to top-of-the-line models from the likes of BMW and Mercedes-Benz.

    Mr. Piff said about eight of every 10 cars “did the right thing.”

    “But you see this huge boost in a driver’s likelihood to commit infractions in more expensive cars,” he said. “In our crosswalk study, none of the cars in the beater-car category drove through the crosswalk. They always stopped for pedestrians.”

    The study also found that male drivers were less likely to stop for pedestrians than were women, and that drivers of both sexes were more likely to stop for a female pedestrian than a male one.

    “One of the most significant trends was that fancy cars were less likely to stop,” said Mr. Piff, adding, “BMW drivers were the worst.”

    In the San Francisco Bay Area, where the hybrid gas-and-electric-powered Toyota Prius is considered a status symbol among the environmentally conscious, the researchers classified it as a premium model.

    “In our higher-status vehicle category, Prius drivers had a higher tendency to commit infractions than most,” Mr. Piff said.

  187. 3b says:

    BRT Not surprised on the Prius drivers either.

  188. JCer says:

    Pumps you are being a BMW apologist, 135k miles and you had leaks? BMW’s drive really nice but after 5 years they are trash, it is how they were designed, those leaks you were talking about are very expensive to fix. Really no different than Audi or Mercedes. At some point they realized their target audience would never keep a car more than 5 years so no point in making them really last much longer. Also BMW drivers are generally the biggest a$$holes on the road. I think I’d rather have something far more unreliable, an Alfa Romeo Juilia QUADRIFOGLIO or the new Maserati MC20 or even the Jaguar f-type r they have more of a personality, the Germans are a bit cold. That’s not to say I wouldn’t buy a Beemer they drive great but they are a major liability. Truth be told a genesis drives almost as well and is leagues more reliable, better initial quality control and much more longevity.

  189. Ex says:

    JCer all cars are junk. Some are just tuned in ways that may affect their longevity.
    Everything, and I mean everything breaks. That being said Euro cars are $$$ to fix.
    The payoff is in the way they feel on the road.

  190. The Great Pumpkin says:

    Again, stop blaming the FED for the inflation issues. Blame the owners of the supply chain. They messed up big time. All scrambling to horde their supplies, f’ing everything up. Then they all blame the previous guy on the supply line for this mess.

    “Global Supply-Chain Problems Escalate, Threatening Economic Recovery
    Component shortages, surging prices of raw materials and transportation backups compound the bottlenecks”

    https://apple.news/AAVZliNdJRky9bNZkJ2FDlA

  191. The Great Pumpkin says:

    Jcer,

    Bottom line, you shouldn’t be buying a BMW or any premium car if you have issues with the cost to fix it.

  192. The Great Pumpkin says:

    Toyota Drivers, Menace to Society

    Ever wonder why the lane you are in is moving 10 mph slower than every other lane? Chances are you are following a Corolla. Even wonder why the parking lot at Whole Foods is always backed up? Chances are a Prius driver is having trouble parking. Ever wonder why you are not turning left despite the green left turn signal? Chances are a Camry driver at the front of the line is not paying attention. Ever notice that almost every Camry and Highlander you see on the street has a dent in the bumper? In the 20+ years of driving, I have observed many Toyota drivers and I have come to the conclusion that there is a greater force at work. Like Darwin, who saw evidence of evolution in Galapagos island lizards and booby, I too have come up with a theory that explains it all.

    http://irwinc.blogspot.com/2009/02/toyota-drivers-menace-to-society.html?m=1

  193. Ex says:

    I personally love BMWs. I’ve owned a few.
    I test drive the new M4 recently. It’s essentially a race car
    that accommodates 4 people. M series cars are stellar.
    I also like convertibles which in turn makes my choices
    very limited. Not many to choose from. So when it came time
    to get a “fun” car or weekend ride, I settled on a used M3.
    Once I replaced many, many things….it’s completely dialed in.
    But I always know as with any used Euro car, something expensive
    could break at any time.

  194. The Great Pumpkin says:

    That’s the bottom line, ex. You are not buying a BMW because it’s cheap to fix. You are buying it for the driving experience.

  195. Ex says:

    I was recently tempted by a zl1 convertible Camarillo. GM had some issues with the supercharger in that car. It was also priced over $40k.

  196. Ex says:

    *Camaro …..

  197. Ex says:

    I also like that I have the last of the truly analog cars BMW made.
    No navigation, no turbos, just an overly complex motor and super fun little weekend ride. By 2025 electric cars will be cheaper then has powered cars. The old gassers are already relics…

  198. Nomad says:

    Pumps,

    To people who appreciate and are capable of driving a high performance vehicle to its limits, there is no driving experience on a public road.

    To experience the capabilities of these cars, one has to go to a race track. Take your machine out to Watkins Glen and go through the bus stop at 70+ and index up a few times through it and you will get the idea. The final turn before the main straight will allow you to experience what your suspension is capable of because you have never driven such a corner.

    In no way can you remotely know what your cars performance capabilities are on NJ or other public roads.

  199. Juice Box says:

    I rented a convertible Camaro when I was in Napa last. Car handled well on the windy roads up the mountain roads to the petrified forest and vineyards but with the top down there is only a tiny amount of trunk space.. Luggage went into the back seat.

  200. Juice Box says:

    Bertil Roos Racing in PA and NJ during the summer.

    1/2 day is $600 they supply the open top Indy-style race car. They cover apexes, brake points, entry and exit speeds. Cars are 0-60 in 4.2 seconds, reach 130mph in the draft, pull up to 2g’s in the corners…. You won’t need a full day….

  201. Fast Eddie says:

    The old gassers are already relics…

    Nothing says the roar of power like the tinny, whiny, tainted and squeaky sound of an electric motor. :o

  202. Fast Eddie says:

    Juice,

    It’s on my bucket list to hop into a stock car and do a few laps. I looked into Rusty Wallace’s gig and a few others. The Indy car thing sounds cool, too!

  203. Fast Eddie says:

    Speaking of Watkins Glen and road courses, the Xfinity race today is at the ROVAL in Charlotte and the Cup race is tomorrow.

  204. No One says:

    Fast Eddie,
    I was just thinking of that at the stadium during the pregame show for Wake Forest football. They have a “Demon Deacon” mascot who drives in on a Harley tuned to make a massive stadium-filling sound as he revs the engine over and over. The crowd gets revved up too. An electric bike wouldn’t do much.

  205. BRT says:

    Those obscenely powerful cars are a completely different animal than any street car. My friend held the world record for a quarter mile in “street tires” (drag radials) for a good 7 or 8 years. He did it in a 5.0 mustang. Back then, he was pushing towards high 7 second quarter miles, literally the limit on those tires with the amount of grip you have. Point is, when you cars get more and more powerful, those tires, no matter how good they are, cannot grip the road relative to their output and you start spinning just with a little gas. Anyone who’s driving stock cars has almost no idea what that’s like.

    Here’s a vid of him running the quarter. Halfway through, you get a video of him crashing into the wall. You can see how there is such a fine line between losing grip and not.

    When we were at Englishtown, he wanted me to give it a shot for fun when they were screwing around. I didn’t have the balls to even push the car at all.

  206. The Great Pumpkin says:

    Great podcast! Arguing against the traditional VC approach, early stage+cash flow positive Invisible is buying back shares and adding to the ownership of those who helped build the company that @Francispedraza4 founded. Philosophically, @ARKInvest couldn’t agree more.

    https://twitter.com/cathiedwood/status/1446948881196015624?s=21

  207. The Great Pumpkin says:

    Im not a track head, but maybe one day.

  208. The Great Pumpkin says:

    Expensive to track it…trying to throw all capital to investing.

  209. The Great Pumpkin says:

    I officially bought bitcoin. Chi would be upset, didn’t stick to strategy. Used ark buys to buy bitcoin this last purchase. Hoping to hit 64k amd sell to buy DNA or arkg.

  210. Juice Box says:

    Fastest street legal car ride for me was a ride in a 1988 Porsche 944 turbo..160 mph on the NJ turnpike somewhere around Exit 10. This was back in I think 1991. That good friend is now dead, not from driving but blood pressure…..I thought driving or heck diving would get him first..

    Live long and enjoy the twisty roads friends.

  211. Out of the Ashes goes the Phoenix says:

    I’m not touching anything which Cathie is buying 😎

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    membership2031
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    21h
    Short everything she touches. :4887:

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    mrbullishinvestor
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    Should do the opposite of Cathie now. She is losing her magic touch.

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    Dave_7879
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    Like the famous saying “everyone’s a genius in a bull market”. That describes Cathie very well.

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    BlablaPRApra
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    Silver

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