NJ gets back to work

From NJ101.5:

As jobless benefits end, NJ sees surge in hiring

As enhanced unemployment benefits expired and tens of thousands of New Jerseyans faced the end of jobless benefits altogether, there are signs the hiring crisis is easing.

The Garden State added back thousands of jobs to the economy in November across nearly all private sectors. The unemployment rate fell to 6.6%, down 0.4%.

New Jersey Department of Labor figures show strong hiring, with 25,800 jobs added in November and 76,000 jobs over the last three months.

The best performing segments of the recovering economy in New Jersey is the professional and business service sector, which added 8,600 jobs.

Strong growth is also seen in the leisure and hospitality sector with more than 3,000 jobs added back.

Only the construction sector saw negative growth, and that is likely due to an annual seasonal fall back as well as supply chain issues with construction materials.

Despite the strong job growth, however, many private employers continue to report issues finding workers and New Jersey still lags behind much of the nation when it comes to pandemic recovery. New Jersey’s unemployment rate remains more than two full percentage points above the national rate of 4.4%.

This entry was posted in Demographics, Economics, Employment, New Jersey Real Estate. Bookmark the permalink.

247 Responses to NJ gets back to work

  1. grim says:

    From NJ Business Magazine:

    NJ’s Unemployment Rate Drops 0.4%

    In November, employment gains were recorded in eight out of nine major private industry sectors. Sectors that recorded increases are: professional and business services (+8,600), trade, transportation, and utilities (+8,500), education and health services (+4,200), leisure and hospitality (+3,300), other services (+2,400), manufacturing (+700), financial activities (+700), and information (+300). The only sector to record a loss over the month was construction (-1,800). Over the month, public sector employment decreased by 1,200.

  2. Chicago says:

    Second

  3. Grim says:

    Read em and weep, NYC metro is again the epicenter of covid in the US.

    Omicron Update: Dec 17

    But Omicron in areas like New York is well on its way. New York/New Jersey has the highest proportion of Omicron cases in the United States (13%). We are starting to see the impact of this already. Yesterday New York reported 18,276 cases- their biggest one-day increase since January 2021. 8,318 are in New York City alone.

  4. grim says:

    Suspect we’ll hit the highest day ever recorded in NJ sometime in the next week. Like I said yesterday (except I thought it was the 3rd worst day, not 2nd).

    N.J. reports big spike to 6,271 COVID cases, the most positive tests since last winter’s peak day

    New Jersey on Thursday reported another 16 confirmed COVID-19 deaths and 6,271 confirmed cases — the state’s highest one-day total for confirmed positive tests since Jan. 13, the peak day from last winter’s pandemic surge, before vaccines were widely available.

    The state has had just five days this year with more than 6,000 cases, including the 6,922 reported on Jan. 13. New Jersey had two days in December 2020 with more than 6,000 cases — 6,046 on Dec. 6, 2020 and 6,247 six days later.

  5. grim says:

    Schools are going to blow up heading into the holiday break next week.

  6. Libturd says:

    New year will be remote. But spike should be narrow and numbers will drop nearly as quickly as they increased (hopefully).

  7. Libturd says:

    Interesting stuff in today’s Covid report Grim.

    Two things that stuck out, were the fact that the boosters significantly help prevent breakthroughs and that hospitalizations and deaths from this mutation appear to be way less than with delta. We can only hope that the rapid spread does not overwhelm our hospitals.

    ————————————————————————

    “For those without a booster, the first line of defense is down: neutralizing antibodies aren’t going prevent infection nor transmission of Omicron. However, T-cells should still keep a lot of people out of the hospital.

    Those with boosters will be most protected. That’s because boosters restimulate the immune system and increase the number of antibodies. The more antibodies we have, the more they can find the the limited landing spots on Omicron. This will decrease breakthrough cases and decrease transmission.

    Boosters also generate a much broader level of immunity. In other words, boosters develop antibodies against more parts of the virus than the primary series. A lab study yesterday confirmed. The authors noted:

    “The antibody response after boosting is fundamentally different than it was before. It’s not just raising the level of the existing antibodies, it’s doing a lot more than that. Calling the third shot a booster is oversimplifying.””

  8. BRT says:

    Two things that stuck out, were the fact that the boosters significantly help prevent breakthroughs and that hospitalizations and deaths from this mutation appear to be way less than with delta. We can only hope that the rapid spread does not overwhelm our hospitals.

    I now know 4 people boosted who have it. They were boosted right before Thanksgiving. This isn’t a good sign. And the CDC/FDA has consistently overexaggerated the efficacy in retrospect. Given the level of misinformation they’ve peddled over the past 2 years, I believe they are exaggerating here as well. I also know 2 people who had covid, were double jabbed, and now have it again. That being said, I still don’t have it, despite interacting with nearly 20 students who’ve had it.

  9. Fast Eddie says:

    Geezus, what a f.uck-fest you guys had yesterday… declaring the Republican party irrelevant and the cause of the world’s ills? This is what happens when resentment, frustration and bitterness overtake the muppet populace when epic failure occurs at every layer of democrat-run beadledom. Count me in as joining the same attitude and view as SmallGovConserv and BidenistheGOAT because the mainstream democrat party resembles a botched ab0rt1on.

    Oh, by the way, have you seen s0c1al media declaring today as “shoot up your school” day? And do you see that cars in San Fran, Oakland and L.A. are leaving their trunks open and signs in the window PLEADING with thugs to move on and not rob or break into their cars? And lastly, my sis in law was in L.A. recently and said the homeless situation, stench and filth is beyond anything she could believe. This is a gal who grew up in Manhattan.

    Let’s go Brandon!

  10. Old realtor says:

    The most radical wing of the Democrats is neutralized by the DNC and Democratic congressional leadership. On the Republican side the most insane are running the asylum.

  11. Juice Box says:

    Small study out of South Africa of BOOSTED German tourists shows breakthroughs in young people.

    “JOHANNESBURG, Dec 16 (Reuters) – A small study of seven COVID-19 cases in South Africa shows the Omicron variant can break through booster vaccine shots, one of the scientists involved said on Thursday.

    A group of seven German visitors to Cape Town, aged between 25 and 39, were infected at some point in late November or early December with confirmed cases of the Omicron coronavirus variant. A copy of the study seen by Reuters said they all suffered only mild to moderate symptoms and none required hospitalisation.”

    JOHANNESBURG, Dec 16 (Reuters) – A small study of seven COVID-19 cases in South Africa shows the Omicron variant can break through booster vaccine shots, one of the scientists involved said on Thursday.

    A group of seven German visitors to Cape Town, aged between 25 and 39, were infected at some point in late November or early December with confirmed cases of the Omicron coronavirus variant. A copy of the study seen by Reuters said they all suffered only mild to moderate symptoms and none required hospitalisation.

    Of the group, six were fully vaccinated with the Pfizer-BioNTech (PFE.N) vaccine, of whom five had also had a booster Pfizer shot while the sixth had received a booster dose of the Moderna (MRNA.O) vaccine.

    A seventh had received an initial dose of AstraZeneca’s vaccine (AZN.L), followed by a second and then third booster dose of Pfizer. None had reported past infection with COVID-19.

    The infections occurred between one and two months after receipt of the booster shot.

    Wolfgang Preiser, a virologist at Stellenbosch University and one of the study’s co-authors, told Reuters the study was currently under peer review. He said the study showed infection was possible and caused symptomatic disease even after boosted immunisation.

    JOHANNESBURG, Dec 16 (Reuters) – A small study of seven COVID-19 cases in South Africa shows the Omicron variant can break through booster vaccine shots, one of the scientists involved said on Thursday.

    A group of seven German visitors to Cape Town, aged between 25 and 39, were infected at some point in late November or early December with confirmed cases of the Omicron coronavirus variant. A copy of the study seen by Reuters said they all suffered only mild to moderate symptoms and none required hospitalisation.

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    Of the group, six were fully vaccinated with the Pfizer-BioNTech (PFE.N) vaccine, of whom five had also had a booster Pfizer shot while the sixth had received a booster dose of the Moderna (MRNA.O) vaccine.

    A seventh had received an initial dose of AstraZeneca’s vaccine (AZN.L), followed by a second and then third booster dose of Pfizer. None had reported past infection with COVID-19.

    The infections occurred between one and two months after receipt of the booster shot.

    Wolfgang Preiser, a virologist at Stellenbosch University and one of the study’s co-authors, told Reuters the study was currently under peer review. He said the study showed infection was possible and caused symptomatic disease even after boosted immunisation.

  12. Libturd says:

    Thanks Juice,

    But I think you need to fire your editor.

    I think I’ll stay away from people until February.

  13. Juice Box says:

    Again it’s a numbers game the booster shot increases the number of antibodies as your immune system thinks it’s fighting off an infection. Studies show it peaks at about 4 weeks, and then begins to decline and within perhaps 90 days -180 days won’t matter much. This is all studied from blood samples taken and antibodies measured etc.

    The Omicron spike protein has a whopping 36 genetic mutations, so the BETA formulated vaccines don’t match up perfectly. We won’t know for a while studies need to be done but it could be as low as 50% effective when boosted and even less when not boosted.

    They should be immediately rolling out a multi-valent vaccine that targets delta and omicron strains to the 65+ crowd if they want to prevent the predicted 15,000 deaths a week in the United States alone.

  14. Ex says:

    I heard that a strict diet of Coca Cola and cunnilingus prevent infection in rats.

  15. Juice Box says:

    re: fire your editor?

    He is a trained MEME lord and works for free you get what you pay for.

  16. Juice Box says:

    Nice graphics on the genetic differences between the strains.

    https://www.washingtonpost.com/health/2021/12/16/omicron-variant-mutations-covid/

  17. Fast Eddie says:

    On the Republican side the most insane are running the asylum.

    A narrowminded and bleating, repetitive, plodding, dim emptiness of nothing. Drugs are being shipped across the southern border as if there were 10 open lanes on I-80, the demented leader in D.C. never had a covid plan, supply side is months behind, inflation is draining people, people are pleading with thugs to leave them alone, fuel and and energy independence is gone, Russia is about to invade the Ukraine, Iran is aiming missiles at Israel, China is about to take Taiwan and STILL, the narrative is aimed at the right. The left is so pathetic and such failures that who on that side would respond at all? How could anyone respond and defend the failed f.uckery of the left?

  18. Ex says:

    Senate minority leader Mitch McConnell described the insurrection at the U.S. Capitol on Jan. 6 as “horrendous” Thursday, and said he was looking forward to what the House select committee investigating it discovers.
    “I think the fact finding is interesting. We’re all going to be watching it,” McConnell told Spectrum News. “It was a horrendous event, and I think what they’re seeking to find out is something the public needs to know.”

  19. Old realtor says:

    Eddie,
    Are you so blinded by hatred that you believe all of the things you mention didn’t exist before Biden took office? It is precisely this type of sensational and hateful BS that is ripping the country apart. Stop telling lies and spreading hate.

  20. grim says:

    We are sitting about 1.8-1.9 million boosted in NJ. Let’s hope that’s enough.

  21. Juice Box says:

    London is becoming a ghost town again from what I hear everyone bugged out just like in the beginning of the pandemic.

    https://www.dailymail.co.uk/news/article-10316583/Workforce-stays-home-Londons-roads-quietest-summer.html

  22. grim says:

    We closed down all offices until next year this morning. No more on-site permitted, all WFH.

  23. BidenIsTheGOAT says:

    That’s a parroted talking point OG. Its almost as if I can hear it coming straight from humpty dumpy mouth.

    The propaganda has moved the narrative so far left that radical positions are no longer characterized that way. Green new deal, cashless bail, open borders, illegal immigrant voting. All radical. Cities are willingly self immolating.

    A Marxist inspired derangement has taken root but 90% of the propaganda coverage talks about Jan 6th which most people have moved on from. Bigger fish to fry.

  24. Ex says:

    9:25 he’s trolling

  25. Ex says:

    9:29 I guarantee if this insurrection had been orchestrated by BLM you’d be losing what little mind you have.

  26. Bystander says:

    “Count me in as joining the same attitude and view as SmallGovConserv and BidenistheGOAT”

    No way..shocking. We know all the worlds problems started on Jan 20.

  27. Fast Eddie says:

    Stop telling lies and spreading hate.

    How many troops at the Russia/Ukrainian border? How porous is our southern border? How much is a gallon of gas or a pound of chop meat? How much is an 4′ x 8′ sheet of plywood? How high is the theft and murder rate in democrat-run cities? How many burn and loot events occurred in 2020 because of the “hate the cops” crowd? How’s that one for hate and sensational BS? How many died of covid in 2021 under the demented one’s no-plan? How’s that one for a lie?

  28. Fast Eddie says:

    Ex,

    Lmao… of course. You have nothing… nothing… nothing. It’s the January 6th erect10n, over and over and over. Let’s put that one next to the Russian collusion disaster.

  29. Juice Box says:

    NFL is worried about their season now, Cleveland has to start their 3rd string quarterback because of infections.

    They also are not following the science. New rule is a vaccinated player who tested positive but is asymptomatic for at least 24 hours and a negative test can play now.

  30. NJGator says:

    We were supposed to have a mandatory phased return to workplace starting Jan 10. All employees were going to be required to go in-person to the office one day a week working up to 2-3 days a week by the beginning of March. That was initially announced in early November and was confirmed right before Thanksgiving. This week we got an email notifying us that it has been postponed indefinitely and we will get at least a month notice before any future date.

  31. Ex says:

    9:37 nothing but PowerPoints, text messages,
    Live TV coverage everybody saw and of course a couple of dead cops.

  32. Fast Eddie says:

    NFL is worried about their season now…

    “Groups who have received funds as part of “Inspire Change,” the NFL’s social justice initiative, include the Vera Institute of Justice, the Oregon Justice Resource Center and the Community Justice Exchange. All three of those groups support defunding or abolishing the police, a review of their public statements shows.”

    Oh well.

  33. BidenIsTheGOAT says:

    I would like a full accounting of Jan 6. That’s not what congress wants though. They want a narrative. I would also like to find the origin of covid. Oddly the left seems indifferent to that.

  34. Grim says:

    Wayne went from 63 new positives to 120 this week, 238 qt last week to 436 this week, 53 staff out or qt.

  35. Libturd says:

    We don’t want to see a cleavage site?

    This pandemic IS really bad.

  36. Libturd says:

    I want to defund Gary’s access to the right wing press.

  37. The Great Pumpkin says:

    Bingo. Yet, moderate republicans still don’t realize their party has been hijacked and destroyed. It’s over. This is not the republican party of the 80s.

    Old realtor says:
    December 17, 2021 at 8:55 am
    The most radical wing of the Democrats is neutralized by the DNC and Democratic congressional leadership. On the Republican side the most insane are running the asylum.

  38. Old realtor says:

    There are few Democrats here. There are several Republicans who are dismayed at the direction of the party. There are many who claim to be without a party or seeking an alternative. And there are 3 Trump loyalists who have swallowed the Kool-aid and are begging for more, Eddie, GOAT and SmallGovConservative. You 3 are the radical fringe in this blog.

  39. Fast Eddie says:

    And can anyone tell me what the word “expodentially” means? This seems to be a term the old, demented f.uck uses over and over.

  40. Clown World says:

    There are hundreds of cameras that captured thousands of hours of video footage that record activity all over the capitol on Jan 6.

    Release that footage and we can find the answer to what really happened.

    From the available recordings and footage, yes, it looks like an insurrection. But I can’t help but think we aren’t getting the full story.

    My clown opinion – If you are willing to accept the very limited video recordings as the only facts surrounding Jan 6, then you are just as guilty of ideology as the red-necks that forced their way into restricted space that day with the intent to do damage.

    You are accepting one, highly edited, side of the story as the full truth. It is not.

  41. The Great Pumpkin says:

    What is wrong with the green movement? That’s a bad thing? Wtf? You think we can live like we did during the 1900s for infinity?

    BidenIsTheGOAT says:
    December 17, 2021 at 9:29 am
    That’s a parroted talking point OG. Its almost as if I can hear it coming straight from humpty dumpy mouth.

    The propaganda has moved the narrative so far left that radical positions are no longer characterized that way. Green new deal, cashless bail, open borders, illegal immigrant voting. All radical. Cities are willingly self immolating.

  42. The Great Pumpkin says:

    Clown,

    Let go of the conspiracies. Understand that was an embarrassing day in our nations history. Yet, you turn a blind eye. Imagine if the BLM movement did that. What would you say?

  43. 3b says:

    Still waiting for a viable 3rd party alternative ( which will never happen) Still independent after all these years . I won’t touch either one of those corrupt broken parties.

  44. The Great Pumpkin says:

    You are waiting for honest leadership. There is no such thing and never will be. Human nature says so. Why our founding fathers tried to build a govt based on knowing this. That’s why it didn’t have political parties and was based on rules that stopped anyone from taking advantage. Too bad corruption slowly eroded it all over time.

    3b says:
    December 17, 2021 at 10:15 am
    Still waiting for a viable 3rd party alternative ( which will never happen) Still independent after all these years . I won’t touch either one of those corrupt broken parties.

  45. 3b says:

    Fast: In all honesty what would Trump or any other Republican do as President with Russia’s massing of troops on Ukraine’s border? Go to war??
    I don’t want young Americans going over to die for Ukraine and neither would the overwhelming majority of Americans. And if we did it would simply be the end in my opinion, China would be drawn in along with Europe and for what?

    I feel for the Ukrainian people the everyday people who are trying to survive, but a war? To fight for Ukraines territorial integrity? It’s not worth dying for. Ukrainian governments have been corrupt top to bottom since the fall of the Soviet Union. The desire to join the EU and NATO a pipe dream unfortunately encouraged by the US and the EU. It’s simply not going to happen. US and EU officials along with the Ukrainian government should have known that.

  46. NJGator says:

    3B – The Electoral College will need to d*e before we can have a viable 3rd party in this country.

  47. BidenIsTheGOAT says:

    I’m okay with the rights platform. I think individual rights and territorial integrity are a lot more coherent than the communism for you, capitalism for me direction of the current left.

  48. Phoenix says:

    Supply shortages:

    Corporations quick to raise prices.
    Corporations slow to give raises.

    Winner, corporations. Entities that some believe should be able to dictate healthcare to individuals.

    Just wait till they decide what your sick child or grandmother is worth.

  49. Phoenix says:

    3b

    I agree with your post. I’m in the queue as well.

    Americans would rather fight and bicker. The system promotes this.

  50. BRT says:

    What is wrong with the green movement? That’s a bad thing? Wtf? You think we can live like we did during the 1900s for infinity?

    Everything is wrong with the green movement. They would strip mine the entire earth for metals for batteries and solar panels and call it sustainable.

  51. Fast Eddie says:

    In all honesty what would Trump or any other Republican do as President with Russia’s massing of troops on Ukraine’s border?

    How ironic that Putin is making this move now when we have the weakest president in our lifetimes f.arting in the oval office.

  52. chicagofinance says:

    I was in NYC a week ago. Walking back through Penn Station area around 10:30PM. A woman walks up to me and says, “a man is following me… I need to get to the LIRR, can I pretend that I am with you?” We talked as I walked her to her train. She was 29 and 5’1″. I’ve been in the area my whole life. I’ve never experienced something like that…. I know it has always been the case, but in a public place at a normal hour? DeBlasio is such a bastard.

    Fast Eddie says:
    December 17, 2021 at 8:45 am
    Oh, by the way, have you seen s0c1al media declaring today as “shoot up your school” day? And do you see that cars in San Fran, Oakland and L.A. are leaving their trunks open and signs in the window PLEADING with thugs to move on and not rob or break into their cars? And lastly, my sis in law was in L.A. recently and said the homeless situation, stench and filth is beyond anything she could believe. This is a gal who grew up in Manhattan.

    Let’s go Brandon!

  53. Phoenix says:

    “Everything is wrong with the green movement. They would strip mine the entire earth for metals for batteries and solar panels and call it sustainable.”

    Now this is a weird answer.

    I guess you could say that teachers pensions are strip mining the wallets of every NJ taxpayer.

  54. Phoenix says:

    Chi,
    Could be plenty of reasons for this. Could have even been a cop.

  55. BRT says:

    I guess you could say that teachers pensions are strip mining the wallets of every NJ taxpayer.

    Not yet, but soon. I’ve been very upfront in that, as a teacher, I should at best realistically expect 50% back of what’s promised. Anyone else who expects more is not living in reality.

  56. The Great Pumpkin says:

    The movement is trying…it’s not going to happen over night. What you are advocating for is to do nothing.

    Solar already has come a long way. We are in the infancy of this movement. Still has a long way to go, but need to start somewhere.

    Like Musk referenced, the sun is the most powerful sustainable energy source. Would be smart to learn how to harness it.

    BRT says:
    December 17, 2021 at 10:59 am
    What is wrong with the green movement? That’s a bad thing? Wtf? You think we can live like we did during the 1900s for infinity?

    Everything is wrong with the green movement. They would strip mine the entire earth for metals for batteries and solar panels and call it sustainable.

  57. The Great Pumpkin says:

    Best part, the sun’s energy is free. Free unlimited power. Plants have survived off it, why can’t we?

  58. Phoenix says:

    BRT,
    Don’t worry. NJ taxpayers have deep wallets that regenerate every time they produce.

    There is an unlimited amount of money that you can strip mine out of them. On this board alone plenty of taxpayers paying 20K+ in taxes. But it’s okay, their house values have risen, so it will work out in the end.

    You will get all of your money, cause people love it so much here, just like Pumpy says.

    There are a shortage of homes in NJ, all paying taxes, people here whine, but they pay the prices and pay the taxes. It defies logic, but if you haven’t noticed one thing about humans is that for the most part they are not logical creatures.

    Just drill your money well a bit deeper. Plenty of cash in the NJ Boomer wallet. They will try to hide it in there, but if you look, you will find the untapped reserve.

    And don’t feel guilty. They choose to live here and accept it, they need to pay.

    American Radical Capitalists doing what they do best.

  59. Phoenix says:

    Best part, the sun’s energy is free. Free unlimited power. Plants have survived off it, why can’t we?

    Because a “teacher” doesn’t believe in renewable energy, that’s why.

    Some just like to consume and live like parasites.

  60. The Great Pumpkin says:

    I’m 17 years in. I’m getting every penny. It’s the teachers that started in the past prob 12-13 years that are f/ed. I just made it. You know how this works. Grandfathered in…phoenix’s favorite.

    Knowing this, I still have been fighting hard for these teachers. Just wish they fought as hard for themselves. They still don’t realize how they have been lied to and screwed. Honestly, I don’t know how this goes down when it hits the courts. You promised someone written in contract that they would receive a pension. If you didn’t tell them that they are not receiving this, it’s not going to go down well in court.

    BRT says:
    December 17, 2021 at 11:06 am
    I guess you could say that teachers pensions are strip mining the wallets of every NJ taxpayer.

    Not yet, but soon. I’ve been very upfront in that, as a teacher, I should at best realistically expect 50% back of what’s promised. Anyone else who expects more is not living in reality.

  61. Fast Eddie says:

    Chicago,

    Any harm, grief or neglect of innocent women and kids saddens me. Kids especially. I can’t stomach the thought of a neglected kid.

  62. Phoenix says:

    Haha.

    They came for me when I was 17 years old. And they still come today. Cretin.

    “Musk, who has accepted billions of dollars in government subsidies since he started his businesses, has spoken out previously about any plans to tax billionaires at higher rates.
    “Eventually, they run out of other people’s money and then they come for you,” Musk tweeted in October.”

  63. Phoenix says:

    Eddie,
    You sound like the cops that came to my house, whose “heroics” for women clouds your judgement.

    Just wait till one lies about you, things might be a bit different.

    This research found that while both women and men have more favorable views of women, women’s in-group biases were 4.5 times stronger than those of men. And only women (not men) showed cognitive balance among in-group bias, identity, and self-esteem, revealing that men lack a mechanism that bolsters automatic preference for their own gender.

    https://en.wikipedia.org/wiki/Women-are-wonderful_effect#cite_note-googleusercontent.com1-5

  64. Phoenix says:

    You love children Eddie, why not become a Judge? Here is an example of a NJ court case involving child abuse. If you were the judge, would you have given the same sentence?

    A Morris County couple was sentenced to probation after they admitted to years of locking their home refrigerator and forcing their children to stand in a corner for up to eight hours at a time as a form of punishment.

    John Flanagan, 35 and his wife, Joanna, both of Netcong, were sentenced Wednesday to three years of probation for child cruelty and neglect by Judge Stephen Taylor.

  65. Libturd says:

    For the record, our government’s complete lack of informing the public of the dangers of Omicron (yes, it’s less dangerous, but you are also likely to get it) has prompted me to move another 10% of my portfolio to stability. It’s nothing but an educated guess, but Monday is going to be ugly on the market. Plus, I have a lot of gains to write off. So I am now 40/60 in my brokerage accounts and 50/50 in my 401K. I may make a move on the latter later in the day.

  66. Phoenix says:

    America faces a ‘viral blizzard’: Omicron already makes up 20% of all COVID cases in major cities like New York and Seattle, expert warns as confirmed cases of the new strain jump 31% in 24 hours and millions of Americans now face being infected.

    Stu, just read the Daily Mail. “Viral Blizzard”

    America’s newspapers are worthless and toothless, run by corporations and governments. Fox biased one way, Wash Post biased the other way.

    Bring back Walter Cronkite.

  67. Libturd says:

    Of course.

    Sadly, I get most of my news from reddit forums. Crazy, right?

  68. The Great Pumpkin says:

    Not being snarky, but serious. How do you time getting back in correctly? That’s the hardest part. Any things to look for as a signal?

    Libturd says:
    December 17, 2021 at 11:36 am
    For the record, our government’s complete lack of informing the public of the dangers of Omicron (yes, it’s less dangerous, but you are also likely to get it) has prompted me to move another 10% of my portfolio to stability. It’s nothing but an educated guess, but Monday is going to be ugly on the market. Plus, I have a lot of gains to write off. So I am now 40/60 in my brokerage accounts and 50/50 in my 401K. I may make a move on the latter later in the day.

  69. Libturd says:

    My buy signal is when you panic out of ARKK.

  70. Fast Eddie says:

    Phoenix,

    I have no younger kids that can be used as a weapon between sparring couples… it’s unfortunate when they are used as such. Basically, just the idea of kids not being protected, cared for and encouraged bothers me deeply.

  71. BRT says:

    I’m 17 years in. I’m getting every penny. It’s the teachers that started in the past prob 12-13 years that are f/ed. I just made it. You know how this works. Grandfathered in…phoenix’s favorite.

    Knowing this, I still have been fighting hard for these teachers. Just wish they fought as hard for themselves. They still don’t realize how they have been lied to and screwed. Honestly, I don’t know how this goes down when it hits the courts. You promised someone written in contract that they would receive a pension. If you didn’t tell them that they are not receiving this, it’s not going to go down well in court.

    If you wanted to fight hard for the newer teachers, you would fight for an option for them to decline to participate. You aren’t willing to do that, because you know the only way you get yours is if they choose to play the game as well.

  72. Jice Box says:

    FYI – These three home tests don’t work on Omicron

    FDA has identified three COVID-19 molecular tests that are not able to detect the omicron variant and warned that the diagnostics from Applied DNA Sciences, Meridian Bioscience and Tide Laboratories will return false negative results.

  73. Libturd says:

    Seriously, though. It’s based on macro economic events and believe it or not, market psychology. Though I may day trade this last 10%. I saw the market pop up a little this morning, which was clearly people buying the dip, but ignoring Om. On Monday, when the talk of shutting down occurs, markets probably going to croak a ways more. At this point, I am so ahead of the crowd, I am even surprising myself. I love being half out at a time like this. My timing has been nearly impeccable. As long as I don’t wait for the market to return to peak before I get my 60% back in, I’ve pretty much guaranteed a win! You need not nail the tops and bottoms. Get within 25% of them and you will dominate the experts.

  74. Phoenix says:

    Eddie

    Don’t be biased. Don’t think it’s always the man. Don’t think it has to be about “sparring couples.” And don’t think it has to be about race either.
    You want a hundred of these, or even to hear ones I personally recorded of my ex abusing my child? I’ll get you both.

    https://youtu.be/Kjwt_Q6Hawk?t=25

    https://youtu.be/q-K_ksrFoTo?t=222

  75. Phoenix says:

    Lib,
    The irony is you are making money off the thing you fear the most.

  76. The Great Pumpkin says:

    Hats off to you for figuring out a difficult puzzle and profiting from it. Not easy to do at all.

    Libturd says:
    December 17, 2021 at 11:53 am
    Seriously, though. It’s based on macro economic events and believe it or not, market psychology. Though I may day trade this last 10%. I saw the market pop up a little this morning, which was clearly people buying the dip, but ignoring Om. On Monday, when the talk of shutting down occurs, markets probably going to croak a ways more. At this point, I am so ahead of the crowd, I am even surprising myself. I love being half out at a time like this. My timing has been nearly impeccable. As long as I don’t wait for the market to return to peak before I get my 60% back in, I’ve pretty much guaranteed a win! You need not nail the tops and bottoms. Get within 25% of them and you will dominate the experts.

  77. Juice Box says:

    England is saying a million new Omicron cases a day by Sunday.
    Media is now saying the shots don’t work, even boosted you will get sick.

    We will be in full panic mode next week here too.

  78. Phoenix says:

    No, you would fight for them to get the same perks the older teachers got vs the new ones.

    Cause either way, you are getting your check. And if they opt out, you are more likely to be paid in full. I’ve been schooled in “two tier” wage systems.

    “If you wanted to fight hard for the newer teachers, you would fight for an option for them to decline to participate. You aren’t willing to do that, because you know the only way you get yours is if they choose to play the game as well.”

  79. The Great Pumpkin says:

    I’m a firm believer in market psychology. It’s the key to winning. You can’t do what everyone else is doing for a long period of time or you get crushed. You have to get in when no one wants to, and get out when everyone and their mother wants in.

  80. 3b says:

    Fast: Putin May be taking advantage of the situation because of Biden being President, but Ukraine wa going to come to a head either way. In the end Trump or a Republican would not be able to do anything different. I don’t want young American lives being lost in Ukraine or Afghanistan, Middle East or anywhere else.

    It’s nonsense when people say these young men and women died for our freedom and way of life. No, they died for nothing. Just a waste of young American lives.

  81. Phoenix says:

    “We will be in full panic mode next week here too.”

    Just do what Carlin says, “sit back and enjoy the show.”

    It’s going to go on no matter what you do, your government and corporate overlords have a plan for you.

    https://youtu.be/t8O_CcGhLD8

  82. 3b says:

    NJ and Ill have the two highest rates of young people leaving the state, they leave for college and don’t come back.

  83. joyce says:

    Phoenix,
    If something is mathematically broken, the only option available is to transition somehow. There is no fair way to transition.

  84. The Great Pumpkin says:

    Phoenix,

    The big question for the pensions, what do you do with people like me that have paid into it their entire career? The courts are going to have some fun one day in the future.

  85. BRT says:

    I’m 60% cash in my trading portfolio. Locked in most of my gains the past 2 years. Sold 100% of my crypto. Still holding Apple, HD, BRK, MO.

    About 10% of my positions right now are betting against markets. Running inverse funds on a few index, ARK, and Natural Gas. Sold short overvalued unprofitable hype stocks like SQ, FTNT, SE, TWLO. Holding OTM put options on SE and FTNT. It seems, on down days, my shorts are up more than Apple goes down. On up days, Apple is up more than the shorts go down. I’ve seen green nearly every day for the past month, regardless of what the market is doing. Right now, it seems a lot easier to find garbage to short rather than things to buy.

    Ready to sell the rest in a defensive position.

  86. The Great Pumpkin says:

    Other areas of the country have gone up significantly in price. So will this continue to hold true? Prob not.

    3b says:
    December 17, 2021 at 12:02 pm
    NJ and Ill have the two highest rates of young people leaving the state, they leave for college and don’t come back.

  87. Fast Eddie says:

    Phoenix,

    I watched the first link, that was enough, didn’t want to watch the 2nd link. My spouse stayed home and we survived with a small house and tight budget. I know a lot of people have to put their kid(s) in daycare but personally, I don’t know if I could do it. I’d live on watered down pancake batter or go hungry like James Braddock did in Cinderella Man before I wondered if my kid was okay.

  88. The Great Pumpkin says:

    I never got into shorting. I feel it works, and becomes addicting, till one day you get your ass handed to you by something you never saw coming. Maybe I’m wrong, since everyone and their mother seems to be shorting these days.

  89. The Great Pumpkin says:

    Like Teladoc right now. It’s running hard up 11.5% today. You get caught shorting that, you are dead.

  90. Bystander says:

    “I can’t stomach the thought of a neglected kid”

    Yet you side with party that would do jack-sh%t for them or their mothers. I know no social workers, special ed who are re-thugs. Wonder why that is? These people see it all – millions of “American” kids abused, drugs, neglected, malnourished..no shot at all from start. Maybe that don’t believe in a fictional book that blows the “producers” of society and treats everyone else like a scab. Life is f-ed up. Allowing people to attain billions is criminal. Expecting them to give back enough to help society is laughable, especially in needed areas where investment would not return their expected profits.

  91. The Great Pumpkin says:

    Teladoc was beaten down this year. Down 50%. But it’s oversold, the lemmings are going to come back running into these high growth stocks. Hard to time too, because again, they make most of their runs in one or two days on the year. But when the trends show a positive green, all the retail day traders will come marching in with their options driving it up quickly. Just like they took it down by short the sh!t out of it.

  92. Phoenix says:

    Greatest Generation Good Cop. Cause the Blue is so much more honest than the Red. And women are so much more honest then men.

    Greed is greed. All colors, all races, all religions, all genders.

    This is America, the land of Radical Capitalism. Why are Americans so unwilling to admit this is the way it works, and too lazy to defeat it, yet they constantly complain about it?

    The answer is simple. Its not that they don’t like it, what they loathe is the inequity of all of it. The discrimination, the favoritism, the malfeasance. As long as they are on the plus side, it’s all good. This is why playing the victim card is the tune of the day.

    “Nancy Pelosi DEFENDS members of Congress trading stocks after report said 49 have violated conflict of interest law and with her husband Paul buying thousands of shares”

  93. The Great Pumpkin says:

    Damn, well said bystander. Well said. Maybe one day people will see the light like you do.

  94. Phoenix says:

    Eddie,

    Ever seen the brain of a child that was shook by her mother, and had the privilege of meeting such mother?

    I have that image locked in my head.

  95. BRT says:

    Dude, Teladoc fell off a mountain. The shorts won bigtime and closed out their positions. It’s over. I’m shorting things that are just past peak and descending. Not things that have hit the floor. A good measure is that everything that was hyped up is reverting back to a baseline level prior to the previous March 20 crash. That put’s TDOC at around 100. Your weakness is that you think because it went to 260 last year, that was normal. Your recency bias is distorting your ability to judge the market. Sorry to say, for most companies, the run up the entire year of 2020 and into the beginning of 2021 wasn’t based on any sort of reality other than “stonks only go up”.

    You need to stop looking at dead cat bounces. Zoom out to any time frame other than 5 days and the picture is clear.

  96. No One says:

    Bystander,
    So people in Cuba and Venezuela are rich because they have a much higher ratio of social workers and special-ed teachers to capitalist billionaires?
    Thanks for clarifying your views on the matter. Please throw out all the goods and services that billionaires have helped produced. If you do, I’ll never hear from you again.
    If only we could exterminate the capitalists like Pol Pot, we’d all reach utopia, and you could write your notes to us with charcoal on rolls of bamboo.

  97. Fast Eddie says:

    Yet you side with party that would do jack-sh%t for them or their mothers.

    Right, the whole party wants to go all out Mengele on every kid. They like filming it too and playing it at parties. And yes, every “producer” eats filet mignon in front of starving kids, it’s fun watching them shake and cry. As for the billions those ev1l ones make, I’d rather see it in their pockets than the pockets of democrats who use kids as weapons and tools to fill their bloated, muppet bellies and gated homes.

    And here’s a little tip: If you’re crawling in the street, cold and near death from hunger and you see one house with a “BLM, love is love” rainbow sign and the other with an American flag, crawl to the house with the American flag as they’ll take you in, give you a blanket and food. The other “compassionate” house will shut the lights and deck down behind the furniture.

  98. Phoenix says:

    Eddie,
    Let’s change something in your life for an experiment, you stayed home with your child and your wife continued to work. Her career was important to her. Yours was flexible, you could work off hours, but she could not-no WFH, she had to be on the job, so you are daddy day-care.

    So its her idea, but later, she resents it, and resents you.

    “The REAL reason modern marriages end: Women more likely to divorce stay-at-home dads who fail to live up to breadwinner stereotype”

  99. The Great Pumpkin says:

    Governor Murphy, Port Authority of New York and New Jersey (PANYNJ) Deputy Director of Port Department Bethann Rooney, Senator Joe Cryan, Port Newark Container Terminal CEO Jim Pelliccio, and International Longshoreman’s Association Chief of Staff & Director of Public Relations Jim McNamara visited the Port of Newark today to highlight New Jersey’s supply chain infrastructure and steps that the State, the PANYNJ, and other key stakeholders are taking to battle global supply chain issues. Through many visionary and forward-thinking investments, the Port of Newark is on track this year to significantly outpace total cargo volume from 2020, ensuring that New Jersey plays it’s part in bolstering and alleviating the nation’s supply chain issues.

    “In working with our partners at the Port Authority, organized labor, and the private sector, New Jersey has avoided the supply chain and logistical breakdowns that much of our country has faced,” said Governor Murphy. “Through a combination of proactive infrastructure investment, collaboration in state government, and the help of key partners, the Port of New York and New Jersey is breaking cargo records and getting consumer and commercial products onto trucks and buses headed across America.”

    “The Port Authority of New York and New Jersey is proud to be able to keep our seaport operations smooth and continuous throughout this global health pandemic while at the same time absorbing significant capacity stemming from an ongoing cargo surge that has resulted in more than a year of record-breaking volumes and unprecedented growth,” said Port Authority Chairman Kevin O’Toole. “The Port Authority’s capital investments in regional infrastructure over the past decade – from the raising of the roadway of our Bayonne Bridge to serve the world’s largest container vessels, to the dredging of the area’s navigational channels to improve port operations – are paying off as the Port of New York and New Jersey has not missed a beat in keeping food, medical supplies and goods moving. We are working collaboratively with our port partners and stakeholders at every link in the regional supply chain to ensure our port operations remain fluid as it has since before and during the pandemic, which is a testament to the hard-working men and women of the International Longshoremen’s Association and the drayage truck drivers who have been on the front lines to keep commerce moving.”

    “We are fortunate that New Jersey is not experiencing the same supply chain problems that are putting a choke hold on the flow of goods and services in other states. It’s not blind luck – we have dug in and done the work needed to maintain and upgrade the state’s infrastructure,” said Senator Joe Cryan. “Hard working men and women have been on the job in the midst of the pandemic to widen roadways, raise the Bayonne Bridge, maintain the MVC’s concierge service, and dredge the waterways in Port Elizabeth and Port Newark to accommodate the large ships that come to our ports. In New Jersey, our economy relies on an effective supply chain; the supply chain relies on safe roads, bridges and ports, and the infrastructure relies on maintenance and upgrades. This is more important than ever as we work our way out of the economic challenges created by the coronavirus crisis.”

    https://www.nj.gov/governor/news/news/562021/20211217b.shtml

  100. The Great Pumpkin says:

    Horrible.

    Phoenix says:
    December 17, 2021 at 12:22 pm
    Eddie,

    Ever seen the brain of a child that was shook by her mother, and had the privilege of meeting such mother?

    I have that image locked in my head.

  101. The Great Pumpkin says:

    It doesn’t have to be one way or the other. There is a moderate position which I wish the world could take.

    No One says:
    December 17, 2021 at 12:30 pm
    Bystander,
    So people in Cuba and Venezuela are rich because they have a much higher ratio of social workers and special-ed teachers to capitalist billionaires?
    Thanks for clarifying your views on the matter. Please throw out all the goods and services that billionaires have helped produced. If you do, I’ll never hear from you again.
    If only we could exterminate the capitalists like Pol Pot, we’d all reach utopia, and you could write your notes to us with charcoal on rolls of bamboo.

  102. Phoenix says:

    “Please throw out all the goods and services that billionaires have helped produced.”

    Stop at any American house on Trash Day after a Neighborhood Garage Sale week.
    I think you will find plenty in landfills. Won’t have to look hard.

    Thank your American Brain Washing Marketing teams, the ones that create the Psaki’s of America.

    https://www.youtube.com/watch?v=opZ4kYFjwqI

  103. The Great Pumpkin says:

    All I’m saying is that it’s not as easy as you are making it out to be. You will consistently win with this approach till the one time you get wiped out. That’s why I said it’s addicting…it’s easy till it’s not.

    At the end of the day, do what works for you. It seems to be working for you, just be careful.

    BRT says:
    December 17, 2021 at 12:25 pm
    Dude, Teladoc fell off a mountain. The shorts won bigtime and closed out their positions. It’s over. I’m shorting things that are just past peak and descending. Not things that have hit the floor. A good measure is that everything that was hyped up is reverting back to a baseline level prior to the previous March 20 crash. That put’s TDOC at around 100. Your weakness is that you think because it went to 260 last year, that was normal. Your recency bias is distorting your ability to judge the market. Sorry to say, for most companies, the run up the entire year of 2020 and into the beginning of 2021 wasn’t based on any sort of reality other than “stonks only go up”.

    You need to stop looking at dead cat bounces. Zoom out to any time frame other than 5 days and the picture is clear.

  104. The Great Pumpkin says:

    And so you agree that ark stocks have been targeted en masse by retail and pro’s at the same time creating an unbelievable buying opportunity. Correct?

  105. grim says:

    We are always ahead of the curve here, expect that to continue.

  106. The Great Pumpkin says:

    Nj isn’t dying anytime soon. Hats off. Great job! 👏

    “According to the global logistics firm Shifl, it is now 25% faster for ships from China to reach the Port of New York and New Jersey than ports on the West Coast, resulting in savings of thousands of miles and weeks of time. Through the State’s partnership with the Port Authority of New York and New Jersey, organized labor partners at the Port, and private sector partners including terminal operators, New Jersey’s ports are busier and more appealing to the international logistics and freight industry than ever before. Port activities support approximately 500,000 jobs in New Jersey and in New York, and serve more than 134 million people regionally.

    Actions taken by the State, PANYNJ, and its partners include:

    The PANYNJ’s harbor deepening efforts in conjunction with the raising of the Bayonne Bridge enables larger cargo ships to call on the Port of New York and New Jersey
    24/7 Vessel Operations maximizing container velocity through the port
    Extending gate hours of operations at marine terminals
    Expanding the ExpressRail Intermodal Rail System
    The Motor Vehicle Commission’s concierge service for large fleets, expediting Commercial Drivers Licenses (CDLs) and allowing NJ trucking companies to stay staffed
    The Route 7/Wittpenn Bridge Replacement, which opened in October, strengthening commercial access to the Port and to New York City
    Future projects include:

    The New Jersey Turnpike Authority’s Newark-Bay Hudson County Extension roadway widening and reconstruction project allowing for greater capacity of commercial and passenger traffic
    The project includes the replacement of several bridges including the heavily-used Newark Bay Bridge
    The 2022 revisitation of the State Freight Rail Plan, in which New Jersey will make the movement of goods to and from the ports a key focal point”

  107. grim says:

    12,500 new cases in NJ over the last two days.

    Another 6k today, on top of 6k yesterday.

  108. 3b says:

    Talk to social workers they can tell you some absolutely horrifying stories of the abuse done to young children by parents, and the flip side the abuse adult children have inflicted on their elderly parents. And lots of it in middle class wealthy towns as well, not just the urban ghettos. Now there is a profession that is sorely underpaid.

  109. 3b says:

    Fast: My wife stayed home when my kids were young too. It was not really tight, quite doable, but that was with 175k house and less than 3k in taxes, and it was not that long ago.

    Today 500k for the same house and 15k in taxes but high high house prices and taxes are good for the young people; it makes them resilient! My point is almost impossible to do have one stay home today, as in not work. Last time I checked 40 percent of millennials were paying student loans. I know lots of young people with balances ranging from 25k to 150k, lots of them at 50k. And the way interest is calculated on student loans it’s like the balance never goes down.

  110. Bystander says:

    No one,

    Let me clarify – I am not talking anti-billionaire. Sickly low tax brackets are problem, allowing them to take more and more for personal use. How many here have relative that personally work for billionaires? I have two. My sister manages philanthopy for DC billionaire. She runs around looking to add to “non profit” art collection while old fool does not offer health insurance to her family. History has always shown that there are periods where capitalists take too much as expense of workers. My immigrant grandfather lost eye and three fingers working in Long Island sand dunes in 1920s. No union to fight for him at that time. We are at this time again with trillions given free to upper elite for “producing” nothing…again nothing but asset blow-up by Fed. Ray Dalio said same in article other day.

    Ed,
    I specifically mentioned social workers and special ed (private). They are not protected by union, nor reap big pension benefits. My mother worked Catholic charities for years. I had to accompany her to many outings into tough areas. She also took a 12 year old child into household when handi-capped mother could not take care her. While I am not claiming sainthood, i

    Actually, I agree – a rainbow flag or BLM would be better than “gun owner on property” sign, Gadsden flag or marine corp. Don’t want to be shot walking up to door.

  111. The Great Pumpkin says:

    Yup.

    “Super choppy tape + bifurcated market –

    Big rally in high growth today yet indices negative!

    A rotational unwind is underway – one by one, they are shooting down different factors.

    (1) SPACs, (2) high growth and now indices.

    I’m net short but nibbling in my preferred stocks.

    One day doesn’t make a trend but $NDX and $SPX down today yet $ARKK is +4%!

    High growth has already been murdered over past 8 weeks, so perhaps it’ll now show relative strength as they come after the strong mega caps?

    Open mind, watching the price action.”

  112. 3b says:

    Pumps: I can’t speak for Illinois historically, but in NJ it’s been the car for years. No reason for that number to go down. In fact I would say it continues to increase.

  113. The Great Pumpkin says:

    Well that’s why the federal govt should send money our way for educating the future producers in other states. Come on, we invest them and they take them for free. Let’s create a two way street. More the reason to get rid of salt cap.

    3b says:
    December 17, 2021 at 1:04 pm
    Pumps: I can’t speak for Illinois historically, but in NJ it’s been the car for years. No reason for that number to go down. In fact I would say it continues to increase.

  114. crushednjmillenial says:

    NYC bans new gas lines for new construction and gut renovations. Thus, these buildings will be: electric heat, electric water heaters and electric ovens.

    In my experience with older buildings, electric-only buildings create substantially higher bills compared to buildings with natural gas for their heat, hot water, and ovens. Substantially. Ridiculously. Like 2x, off-hand.

    Maybe with new construction, there is better insulation and windows, along with energy-efficient appliances which might change the costs. When I lived in a new construction, electric-only building the PSEG bill wasn’t big.

    Finally, I don’t like this ban because of its diminishment in resiliency. One can imagine that in the coming years, natural gas prices and electricity prices may change over time. Construction should be able to respond to these price changes in choosing which utility connections are worth installing.

    https://www.cnbc.com/2021/12/15/new-york-city-is-banning-natural-gas-hookups-for-new-buildings.html

  115. grim says:

    On a per BTU basis, electric is incredibly expensive compared to gas.

    This has the equivalent of raising housing costs.

  116. The Great Pumpkin says:

    But in the future when most electricity is generated from solar, this will become a deflationary process. Solar is only going to improve over time, and imo, it is the future.

    https://www.weforum.org/agenda/2020/01/the-future-looks-bright-for-solar-energy/

    grim says:
    December 17, 2021 at 1:28 pm
    On a per BTU basis, electric is incredibly expensive compared to gas.

    This has the equivalent of raising housing costs.

  117. The Great Pumpkin says:

    “In the coming years, technology improvements will ensure that solar becomes even cheaper. It could well be that by 2030, solar will have become the most important source of energy for electricity production in a large part of the world. This will also have a positive impact on the environment and climate change.”

  118. Libturd says:

    Pumpkin,

    Thanks for posting that article on Murphy’s wonderful handling of the supply line shortage. It is a perfect example of how he works. The real truth is, the PANY/NJ runs 24 hour ports. They always have. There are enough trucks, trailers and trains to handle the 24 hour capacity. So when the ports on the West Coast needed to shift to 24 hours to handle the glut, they simply couldn’t. They did not have the staff or the trucks/trains to do so. I give the Port Authority credit for raising the Bayonne and Goethals bridge to handle the Post Panamax Plus ships that started service in 2019. Then again, you can thank our impossibly high tolls and most expensive porting charges and airport use charges which made it so all of this cargo destined for the Midwest and ruining our roads (mainly 78/80) simultaneously, will arrive on time without shortage.

    Of course the bridge raisings were approved in 2013 when Chris Christie was at the helm, but it’s normal for an asshole like Murphy to take full credit for it.

  119. The Great Pumpkin says:

    How about the rest of the country pays up for our investments. They all benefit from Nj’s tax investments, whether in education, or the ports. Pay up. Send some fed dollars our way.

    Someone should do a study tracking the cost of our investment in education. How many states benefit from our highly educated k-12 population? How much does it produce for our national GDP? I would love some hard answers on this. Instead of bashing this blue state, the rest of the country should be grateful.

    Libturd says:
    December 17, 2021 at 1:39 pm
    Pumpkin,

    Thanks for posting that article on Murphy’s wonderful handling of the supply line shortage. It is a perfect example of how he works. The real truth is, the PANY/NJ runs 24 hour ports. They always have. There are enough trucks, trailers and trains to handle the 24 hour capacity. So when the ports on the West Coast needed to shift to 24 hours to handle the glut, they simply couldn’t. They did not have the staff or the trucks/trains to do so. I give the Port Authority credit for raising the Bayonne and Goethals bridge to handle the Post Panamax Plus ships that started service in 2019. Then again, you can thank our impossibly high tolls and most expensive porting charges and airport use charges which made it so all of this cargo destined for the Midwest and ruining our roads (mainly 78/80) simultaneously, will arrive on time without shortage.

    Of course the bridge raisings were approved in 2013 when Chris Christie was at the helm, but it’s normal for an asshole like Murphy to take full credit for it.

  120. The Great Pumpkin says:

    Yup.

    “The market is all about money rotation game. If you look at today market, actually growth/small stocks are better than big indexes. That indicates a money rotation may have started. Small stocks dropped too much. More “value” than so called value stocks.”

  121. The Great Pumpkin says:

    You can’t lose on any ark fund at current pricing, esp arkG. Impossible unless the economy crashes.

  122. Libturd says:

    We’ve been waiting for solar to become efficient for my entire lifetime.

    https://www.nrel.gov/pv/assets/images/module-efficiencies.png

    The cost of these GAas panels to manufacture are crazy expensive too.

    Heating in the northeast via electricity is not going to be a trend.

  123. Fast Eddie says:

    Bystander,

    I don’t disagree with a lot of what you said in your last post. Show me the democrat party of our fathers and grandfathers and I very well may be an ally.

  124. The Great Pumpkin says:

    Lib,

    You really think solar isn’t capable of improving? It’s real and it’s happening right before our eyes. Honestly, it’s inevitable. Fossil fuel consumption peaked and will never come back as technology improves around renewable sources. Yes, it’s an expensive change in the short term, but it’s for the future. Don’t you want cheaper energy for your kids in the future? Don’t you want them to have a cleaner source of energy that isn’t based on a finite source that will only go up in price if we continue to use it based on the laws of supply and demand?

  125. Juice Box says:

    Most NYC high rises are steam boilers fired by natural gas about 70%. 10% are steam from Con Ed. Geothermal heat pumps in high rise buildings? My understanding it has never even been tested.

  126. The Great Pumpkin says:

    In the good times, people forget that markets overshoot to the upside.

    In the bad times, people forget that markets overshoot to the downside.

    The truth is somewhere in between.

    Fear is a more powerful human emotion than greed.

  127. Bystander says:

    It does not exist. Nor does the party that you proclaim supports about free-capitalists, fiscal conservatives, personal liberties.

    “…one party, under avarice, divisible, with liberty and justice for the best legal team”

  128. D-FENS says:

    There is absolutely no fcuking way enough electricity is generated by solar to become the primary source of electricity.

    The only way is nuclear. Generation IV reactors use liquid salts instead of water for cooling and are much safer. The US is way behind in the race

  129. Phoenix says:

    The women-are-wonderful effect is the phenomenon found in psychological and sociological research which suggests that people associate more positive attributes with women compared to men.

    “Florida sheriff’s deputy, 38, faked severe COVID and told colleagues she was in a COMA but was actually working a private sector job while her co-workers donated their own sick leave to make sure she’d still get paid
    Trent Kellee Freeman is accused of forging doctors notes claiming she had COVID and was in a coma
    Her colleagues at Gilchrist County Sheriff’s Office donated their sick pay so she wouldn’t lose out on a paycheck
    She was in fact working the entire time at a private sector job, sheriffs’ say”

    https://www.dailymail.co.uk/news/article-10321379/Florida-sheriffs-deputy-38-faked-severe-COVID-told-colleagues-COMA.html

  130. The Great Pumpkin says:

    In case you don’t click the link…

    “Elon Musk Says the Sun Can Power All of Civilization. Of Course He’s Right.
    It’s a free fusion reactor in the sky. Now how do we catch it?”

  131. Phoenix says:

    Part of the problem with electricity is that you need to generate it when you need it, not 24 hours a day.

    It’s an instant use product. So storage becomes an issue. There are very few “storage” places, one is right here in NJ, near Blairstown. Went there on a school trip when I was young. Yards creek generating station, they pump water up at night using electricity, then release it during the day to generate.

    It’s why electric companies prefer gas turbines, cheap, easy to build, turn on and off quickly.

    Nuclear, takes years and years to pay off. Expensive to build.

    Americans are short term creatures. Make them wait 5 minutes for their fast food and they will drive to the next place.

  132. 3b says:

    Pumps: Your rationale makes no sense. We should be keeping our young people here.

  133. D-FENS says:

    Putin doesn’t want to go to war. It’s a negotiating tactic. He doesn’t want a NATO nation on his border.

    Trump would have handled this in two seconds. Talk Putin down and give Ukraine more truckloads of tank killing Javelins.

    3b says:
    December 17, 2021 at 12:00 pm
    Fast: Putin May be taking advantage of the situation because of Biden being President, but Ukraine wa going to come to a head either way. In the end Trump or a Republican would not be able to do anything different. I don’t want young American lives being lost in Ukraine or Afghanistan, Middle East or anywhere else.

    It’s nonsense when people say these young men and women died for our freedom and way of life. No, they died for nothing. Just a waste of young American lives.

  134. 3b says:

    Ever try cooking on a gas stove?? No thanks.

  135. 3b says:

    Defens: I know Putin does not want to go to war, it’s a negotiating tactic. His list of demands are never going to happen, he knows it. What he wants in the end that Ukraine and Georgia not be allowed to join NATO. The US and EU can unofficially agree to that. Trump send weapons to Ukraine, Biden the same, but in the end if the Russians invade they will ultimately be successful.

  136. Bystander says:

    “give Ukraine more truckloads of tank killing Javelins.”

    Hah, BS..only after they promised to dig up dirt on his rival fellow countrymen,

  137. Phoenix says:

    Former President Trump has been accused of anti-Semitism after claiming that Jews in America ‘no longer love Israel,’ and that evangelical Christians love it more.

    ‘It used to be that Israel had absolute power over Congress and today I think it’s the exact opposite,’ Trump told Israeli journalist Barak Ravid in a clip provided to the Unholy podcast, released Friday.

    ‘I think Obama and Biden did that,’ the former president continued. ‘Yet in the election they still get a lot of votes from the Jewish people. Which tells you that … the Jewish people in the United States either don’t like Israel or don’t care about Israel.’

    He then went after the New York Times.

    ‘I mean you look at the New York Times, the New York Times hates Israel. Hates them. And they’re Jewish people that run the New York Times.’

    Trump referenced the Sulzberger family, which has published the Times for generations.

  138. The Great Pumpkin says:

    When they go “away” to college, they make friends and find a partner in these locations. So it’s not easy to keep them. Plus, it helps the country fill the void for their state’s lack of educational investments. Just help us pay for said investments since these individuals are used to grow their economy. Face it, a lot of these states and their colleges would be f/ed without nj educated students. Nj is a powerhouse when it comes to producing productive individuals. Absolute powerhouse.

    3b says:
    December 17, 2021 at 2:30 pm
    Pumps: Your rationale makes no sense. We should be keeping our young people here.

  139. Phoenix says:

    but in the end if the Russians invade they will ultimately be successful.

    Truth.

  140. 3b says:

    Pumps: I won’t argue with you, but your rationale is deeply flawed , I will leave it at that, and add on occasion it would help if you did not attempt to rationalize every negative thing about NJ away. You might find it liberating.

  141. D-FENS says:

    any idiot can take out an entire invading army of tanks with enough javelins. When Trump gave the Ukrainians a bunch last time, Putin was irate. Do not waste one American life there.

    https://www.youtube.com/watch?v=6COKC5ZU6gM

    3b says:
    December 17, 2021 at 2:36 pm
    Defens: I know Putin does not want to go to war, it’s a negotiating tactic. His list of demands are never going to happen, he knows it. What he wants in the end that Ukraine and Georgia not be allowed to join NATO. The US and EU can unofficially agree to that. Trump send weapons to Ukraine, Biden the same, but in the end if the Russians invade they will ultimately be successful.

  142. Fast Eddie says:

    3b,

    Ever try cooking on a gas stove?? No thanks.

    My whole life was using gas stoves. We had an electric stove at our shore house, I hated it. I think gas is infinitely better than electric. You don’t like them?

  143. 3b says:

    Turkish Lira crashing. Fed Governor Waller says Fed should quickly start to raise interest rates next year given “ alarmingly high” inflation readings.

  144. 3b says:

    Fast: I agree. Electric stove takes forever and when done still does not seem like it’s cooked. Forget about reheating anything too.

  145. D-FENS says:

    Gas is easier to control the heat and cheaper than electricity. It’s the reason most restaurants prefer it.

  146. JCer says:

    Pumps NJ is expensive and generally a very unfriendly state for younger folks, economic powerhouse for who? Certainly not the average 25 year old worker. NJ simply has no draw for younger folks who aren’t from here and want to stay here. Maybe kids who age out of NYC move to suburbia in their 30’s.

  147. 3b says:

    Defens : Those Javelins are impressive. In the end no American lives, and no American “advisors” we know how that will go.

    If it all goes to hell, maybe Poland will invade and take Lviv back; they are still kind of pisses about losing it.

  148. 3b says:

    Jcer: It’s getting close to 40 s than 30s.

  149. Grim says:

    NY sets another cases record.

  150. JCer says:

    I’m keeping my gas line. Electric sucks, if you have an electric water heater the recovery time is terrible and it costs a fortune to run. Electric stoves besides induction are trash. Even electric ovens take forever to heat up and have subpar broiling and roasting as compared to gas. I’ll keep my gas grill, range, dryer, boiler, hot water heater, natural gas is great, I don’t think I’d be able to find a service line big enough to run all of that stuff on electric.

  151. 3b says:

    Radio City shuts down Rockettes Xmas show tonight.

  152. The Great Pumpkin says:

    Mark my words….we already hit peak inflation. If they react now, they will only be doing harm. It would be a total populist move, and that never ends well.

    I can’t stand the fear mongering with inflation that has been going on.

    3b says:
    December 17, 2021 at 3:00 pm
    Turkish Lira crashing. Fed Governor Waller says Fed should quickly start to raise interest rates next year given “ alarmingly high” inflation readings.

  153. The Great Pumpkin says:

    We are a powerhouse at developing productive individuals through our educational system. Why do you think all these out of state colleges salivate at the mouth to get our students. Even with sports…we produce to no end. For such a small state, so many successful individuals came from the nj education system.

    JCer says:
    December 17, 2021 at 3:08 pm
    Pumps NJ is expensive and generally a very unfriendly state for younger folks, economic powerhouse for who? Certainly not the average 25 year old worker. NJ simply has no draw for younger folks who aren’t from here and want to stay here. Maybe kids who age out of NYC move to suburbia in their 30’s.

  154. 3b says:

    Pumps: I think I will go with the Fed, not you. They have known for some time now it’s not transitory, they can’t BS any more and they know it.

  155. The Great Pumpkin says:

    And it’s time that the rest of the country gives some respect and acts grateful for what we produce. Not many states come close to producing the amount of productive people in the economy like nj does. Successful nj individuals are littered across our nation. Yet, we get no respect.

  156. Grim says:

    Picking up my daughter at school, police in full effect.

  157. The Great Pumpkin says:

    When is the last time gas went up? We peaked…wake up. Fed is being pushed around by politicians to do something when they should not do a damn thing. The 10 year yield says no inflation long term.

    3b says:
    December 17, 2021 at 3:18 pm
    Pumps: I think I will go with the Fed, not you. They have known for some time now it’s not transitory, they can’t BS any more and they know it.

  158. 3b says:

    Pumps: Your obsessive, and in some respects bizarre love affair with NJ , knows no bounds! Delusional/disturbing, but certainly knows no bounds.

  159. Trick says:

    Went 35/65 3 weeks ago on my 401k. Having flash backs of the last crash, rather be to earlier then to late.

  160. The Great Pumpkin says:

    3b,

    Then prove what I stated is wrong. It’s the truth and you sh!t on this state. Why do you live here? I don’t get it. So many productive individuals come from jersey.

  161. JCer says:

    Let the Russians have Ukraine. Any student of history understands Ukraine as a concept was created during the partitions of Poland. Austrians and Germans promoted this distinct group in what was formerly Poland, the idea being division would prevent uprising and the eventual restoration of Polish borders and they wanted to avoid these people allying with Russia proper. Prior to the “invention” of the Ukrainian these people referred to themselves as Russyn or Ruthenians. These people have always been a buffer but in reality the culture ties with Russia are very strong. The people of Ukraine want western prosperity and freedom but culturally they align with Russia. Putin doesn’t even want the territory.

    A Ukrainian expat told me some years back that if Russia or Poland were to offer to take the territory the vast majority of Ukraininan citizens would vote to be taken over by a neighboring state because they know their government is trash and their economy is about as strong as one from West Africa.

  162. 3b says:

    Pumps: You know, even when I try to be civil with you, it’s still an issue. And you still put words in my mouth. And you wonder why I don’t like you?

    I did not sh@t on the state. I made a comment a very telling one about NJ losing its young people and how that is bad, which I would think most if not all would agree with.

    You then go on an orgasmic rant about how it’s actually great, that we spread our intellectual sperm all across the country, just compensate us (pumps) with our SALT deduction. Seriously? I won’t even bother anymore.

  163. joyce says:

    The one that had KKK members in it?

    Fast Eddie says:
    December 17, 2021 at 2:06 pm
    Bystander,

    I don’t disagree with a lot of what you said in your last post. Show me the democrat party of our fathers and grandfathers and I very well may be an ally.

  164. chicagofinance says:

    Is that the new Cathy Wood ETF?

    joyce says:
    December 17, 2021 at 3:37 pm
    The one that had KKK members in it?

  165. BRT says:

    All I’m saying is that it’s not as easy as you are making it out to be. You will consistently win with this approach till the one time you get wiped out. That’s why I said it’s addicting…it’s easy till it’s not.

    You have to be levered up to get wiped out.

  166. BRT says:

    Ever try cooking on a gas stove?? No thanks.

    We have electric stove and oven because my wife has an irrational fear of fire. I think gas is far superior. Electric, the heat adjustment takes too long IMO. I’ve learned to adjust to it by moving pots on and off the stove but it’s a pain. However, it is a lot easier to clean. I don’t mind the dual electric oven I have.

  167. 3b says:

    Pumps: Even when I try to be civil with you and engage, it’s still an issue. And you still put words in my mouth. And you wonder why I don’t like you.

    I did not sh@t on the state. I made a comment rather a fact that NJ loses more of its young people than any other state along with Illinois.

    Most thinking people would realize that’s a major concern for multiple reasons going forward. You could at a minimum have acknowledged that.

    You instead turn it onto some org@smic rant about young people from NJ spreading their intellectual spe@rm all across the country. And further state this is good, just compensate NJ taxpayers (you) with the SALT deduction.

    If you loved the state as much as you claim you do you would acknowledgment all the issues it has. Instead no matter the topic it’s defend/ rationalize it away. Yeah, I think it’s bizarre.

    Anyhow that’s the last I will engage with you on a topic that even you should be concerned about.

  168. grim says:

    We have both gas and induction. We have a huge induction single “burner” (Thermador) on our island that boils water incredibly fast compared to the big dual ring gas burner on the cooktop.

    It’s great for low wattage temperature control, like doing double boiler chocolate work.

    Comparatively, it’s 3600w (12k btu) on the induction vs. 20k btu on the gas burner, but the efficiency is so high (due to minimal lost heat), it’s just faster.

    That said, far prefer gas for everything other than boiling water, especially if you need to run multiple “burners” (many induction cooktops can’t run full out on all burners, or significantly undersize burners so the you can, meaning 3 of 4 burners are piss poor wattage).

  169. Fast Eddie says:

    The one that had KKK members in it?

    My father, grandfathers and uncles were members of the KKK? Fathers of my friends were members of the KKK? Union guys were KKK members? I grew up NJ, I don’t even know if that organization existed here. I’m not really sure what you’re saying.

  170. 3b says:

    Jcer: Western Ukraine is historic Ruthenia/ Ukraine, in the 19th century they started identifying as Ukrainians , but there is still a small area in the Carpathian Mountains I believe where they identify as Ruthenians/Rusyns. The eastern portion of Ukraine was always Russian with Ukrainian and Russian settlement during Czar/Soviet Times. A smaller Ukraine in the west where the people for the most part identify as Ukrainians could end up being successful.

  171. 3b says:

    Fast: KKK members were for the most part Democrats in the past. I believe that’s what Joyce was getting at. The KKK were also anti Semitic and anti Catholic.

  172. joyce says:

    The democratic party, including members of congress, had KKK members in it (as did the republican party). Thought that nugget of history was well-known.

    Fast Eddie says:
    December 17, 2021 at 3:51 pm
    The one that had KKK members in it?

    My father, grandfathers and uncles were members of the KKK? Fathers of my friends were members of the KKK? Union guys were KKK members? I grew up NJ, I don’t even know if that organization existed here. I’m not really sure what you’re saying.

  173. chicagofinance says:

    Looks like someone has a 2022 New Year’s Resolution to make.

    3b says:
    December 17, 2021 at 3:49 pm
    Anyhow that’s the last I will engage with you on a topic that even you should be concerned about.

  174. Libturd says:

    We have a great 36″ stove built by Peerless (the brand name is Premier). It’s the same company that makes the boilers. We bought one when we lived in our multi and liked it so much we bought the same one for our primary. It’s a complete no-frills unit. Not even self-cleaning. No clock. No anything except the perfect blend of extra large to tiny sauce burners, a true broiler and a nice large oven with a light in it. When I bought them, they were $1,200. I see they are now $2,200. 17 years on the first and 10 years on the second, without a repair. Meanwhile, all I ever see on Facebook are friends asking friends who they use to repair their Viking, Wolf, and Bosch stoves. My upstairs tenants made me replace their 60 year old Caloric since they didn’t like that they had to light the burners with a match. In three years, their GE needed two repairs. The thermostat and a control board.

    My favorite part of electric stove use is burning your hands on the hidden heating element, when you forgot you just turned it off.

  175. The Great Pumpkin says:

    Why can’t you own that you were taking a shot at our state. Own it. Too funny.

    3b says:
    December 17, 2021 at 3:49 pm
    Pumps: Even when I try to be civil with you and engage, it’s still an issue. And you still put words in my mouth. And you wonder why I don’t like you.

    I did not sh@t on the state. I made a comment rather a fact that NJ loses more of its young people than any other state along with Illinois.

  176. The Great Pumpkin says:

    Just drove past rapid test center by home depot in totowa. Lines were insane.

  177. The Great Pumpkin says:

    Anytime i prove 3b wrong, he resorts to personal attacks like a little baby. Bizarre! Lmao

  178. Libturd says:

    Kenilworth is where the NJ KKK chapter was . Jews in NJ knew where NOT to buy in the 70s.

  179. 3b says:

    Chgo: Yes I will have to make it and keep with it ( difficult on my end) A legitimate subject the loss of NJ s young educated people and somehow in his world that’s a good thing and it cannot be discussed. His majesty will tolerate no criticism of his kingdom of NJ.

  180. Libturd says:

    Looks like Roselle too. I guess that whole area was Klan land.

  181. 3b says:

    Pumps: umm how exactly did you prove me wrong? Are young people not leaving the state for college and not returning? Or is it that I criticized the state of NJ I won’t own it? I did and I do. If you loved this state you would too would acknowledge it’s a concern: only in your upside down world is it a good thing. And you call me a baby? What are you in grammar school?

  182. 3b says:

    Lib: I had no idea they were KKK areas at one time, and not that long ago.

  183. The Great Pumpkin says:

    Why is it a concern?

    How long has this been happening? Since the 80’s? A lot of people come back. I know a lot of people still living in this state. You are like it’s a problem when it’s really not. My point was that our students are so productive that they easily find a purpose in other locations against much weaker competition. Those states should be grateful, but they are not.

    We are the most densely populated state.

  184. Ex says:

    Dense population. Not exactly a selling point.

  185. BRT says:

    You can’t stop the spread in school. Basically, I’m pretty sure my entire class had it this week. However, if you are vaccinated, you don’t have to even get tested. So breakthrough happening left and right, and the policy ensures kids who are positive but might not know it stay in school. Given the sheer numbers we saw, I wouldn’t be surprised if this thing fizzles out quickly in our school. It was literally in every classroom.

  186. Phoenix says:

    Really, you will love these. Two from the past, one from the present.

    https://bit.ly/3p5yZy1

    https://bit.ly/3e5aISe

    https://bit.ly/3e2iSLq

  187. Phoenix says:

    Today they have a peach festival there every summer.

  188. Juice Box says:

    BRT – problem is they will bring it home to grandma and grandpa…… CDC is predicting 15,000 deaths a week now, that could easily double.

  189. The Great Pumpkin says:

    I’m going to two weddings this weekend. Two super spreader events. Older people have to be nuts to go.

  190. The Great Pumpkin says:

    Dense population is def not a selling point to most, but it’s a testament to how many people want to live here. Nowhere else comes close to the density, yet the fear mongers will act like nj is dead because more people move out of this state than other states. Yet, they ignore the rising population and density numbers.

    At the end of the day, this is one of the most productive areas of the country. It has a massive supply of highly educated individuals to power the companies of tomorrow.

  191. hobojoe says:

    I’m somehow on the mailing list for one of the eco groups that gave “expert” technical testimony to the NYC council prior to their no more gas vote. In their celebratory proclamation of the successful vote, their answer is that electric heat pumps are the panacea which will cure all of our problems. Right in their testimony they admit they are unproven in high rises, unpractical in many cases, but nevertheless they must be made law now!

    Having a gas stove which I could light with a match by light of flashlight is the only reason I was able to eat some semblance of normal food during the week+ without power after Sandy. There were lots of very very unhappy and hungry people with fancy electric stoves in the area. Heck, pretty much the only restaurants serving food were the pizzerias with their gas ovens.

  192. Ex says:

    5:29 perhaps. Time will tell.

  193. Ex says:

    My guess is that NJ is a very tough sell to people living in other parts of the Country.
    Asking someone to relocate to NJ is not easy. I have heard this from Corp. recruiters who say that once they reveal the position is based in NJ and folks begin to realize the crushing taxes and relatively high cost of housing they run the other way.

  194. Phoenix says:

    Heat pumps are only good to a certain temp, then they need a separate resistance heater in order for you to keep warm.

    They are good, however, and best in more moderate climates.

  195. Phoenix says:

    Scroll down to the letter K. Genuine NJ History, from a library. Building still stands.

    https://cdm16100.contentdm.oclc.org/digital/collection/p13079coll1/search/page/2

  196. Bystander says:

    Ex,

    We are trying to hire up road in CT and 3 developers turned us down when said had to move to here. 2 were in TX. People want the salary and not the location.

  197. Phoenix says:

    Raise the salary, people will go anywhere if the price is right. NJ workers are clearly underpaid as a rule, except for corporate executives.

  198. Ex says:

    7:36 you’ve either got to have family in the area, currently reside somewhere “worse”, or just be a masochist.

  199. Ex says:

    7:39….and police officers.

  200. No One says:

    Phoenix, it will be funny when Pumpkin calls his school and says he cannot make it in because he is in a COVID coma.

  201. The Great Pumpkin says:

    Just got back from the wedding and serious question. Why in the world would you pick texas over CT. Not even in the same ball park, imho.

    Let’s go move to an area with massive amount of land, but houses on top of each other. No f’ing taste. Nyc metro suburbs are f’ing gold. So beautiful.

    Bystander says:
    December 17, 2021 at 7:36 pm
    Ex,

    We are trying to hire up road in CT and 3 developers turned us down when said had to move to here. 2 were in TX. People want the salary and not the location.

  202. The Great Pumpkin says:

    If you like living on top of your neighbor in the same exact house, then by all means move to these new housing developments.

  203. The Great Pumpkin says:

    Most hated asset on wall st right now..aka easy money. Not like this innovation is just going to stop in a strong growing economy.

  204. The Great Pumpkin says:

    “After correcting for nearly 11 months, innovation stocks seem to have entered deep value territory,” she wrote in a blog post she said was intended to share ARK’s thought process. “We take advantage of volatility during corrections and concentrate our portfolios toward our highest conviction stocks.” 

    She is so ahead of the game. This is a gift from above.

    “According to our current estimates, our more concentrated flagship strategy today could deliver a 40% compound annual rate of return during the next five years,” Wood said. “Only one other time in ARK’s history, at the end of 2018, has the five-year return projection been that high.”

    Wood said that quants and algorithms have dominated trading activity amid surging inflation and favored low-multiple stocks in energy and financial services, sectors she said would be disrupted by autonomous electric transportation, digital wallets and decentralized finance.

  205. The Great Pumpkin says:

    Boom! Musk acknowledging her work as “interesting.” Let’s f’ing go!!

    https://twitter.com/elonmusk/status/1472012520672174088?s=21

  206. Ex says:

    12:13 Texas seems like a popular destination. I don’t know exactly why.
    Probably “price” the chance to not be house poor. That being said, the moment a place gets really popular prices increase. So that might be lost once you see Austin.

    Fact is that employers in shitty overpriced areas and I am including LA in this really have a hard time attracting mid-level people. You have to really want to sign your life over if you live in a major city. The upside has to be significant. Otherwise, what is the use? Blue ribbon schools? Seriously.

  207. Ex says:

    IPOs that fizzle, corporate jobs that suck your soul? Inner-City teaching gigs that are just warehouses for assholes. Nope. Thanks. I’d much rather be in flyover country if those are my choices. You can languish anywhere, but why pay top dollar to do so?

  208. Ex says:

    When the STHF and it will for most of us at some point in our lives. The best choices are cheap and safe. That is literally nowhere to be found along either coast. Get me a nice little ranch home with basement in a place where I can live out my days with low taxes and neighbors who respect property rights. Illinois is off the table as their property taxes are increasing enough to be onerous.

  209. The Great Pumpkin says:

    Ex,

    You are absolutely correct. That’s why a little shack in LA, SF, or NYC is so much money. It pushes out all the mid-level and lower individuals and becomes a location based mostly on the top performers. Of course, you still have poor and mid level still around that will never move, but the majority are pushed out esp if they hit retirement stage and no longer have the income to remain in said location.

    Like you pointed out, it’s already happening in places like Austin, Denver, or Nashville. They were once cheap alternatives, but so many successful people moved to these locations that they not pushed the prices up to overpriced aka expensive for what it is.

    That’s the issue. If a place offers opportunities, it’s only a matter of time before it attracts all these successful individuals that drive the price up to levels that forces the poor and mid-level to go elsewhere.

  210. The Great Pumpkin says:

    That will never change.

    It’s like NJ, and the moving headlines. If so many “successful” people are moving out, why does the price of real estate not reflect it? Easy, it’s not the successful people moving out. It’s the poor and mid-level who want to go somewhere else where they are not competing with so many successful people on the price of real estate. That’s why fly over country is so cheap, you have minimal competition from successful people…there just is not that many of them living in those locations driving up the price of everything.

  211. The Great Pumpkin says:

    Yup.

    “If it bothers you that @CathieDWood calls for 40% returns, history and math is on her side. Here’s the 5 year rolling return for $ARKK. ARKK launched on Halloween 2014 so a true 5 year starts Nov. 2019. That left tail rolls off and filled with “up and to the right” numbers.”

  212. BRT says:

    She’s offering annual returns 6x higher than Bernie Madoff touted.

  213. The Great Pumpkin says:

    Yea, but tesla made her. She’s just lucky they said. Sure.

    “Up until 2019, $GBTC was a larger contributor to total returns. Tesla was a large DRAG to performance for years. People forget Tesla was a dog for long periods of time.”

  214. The Great Pumpkin says:

    I thank shorts like you and lefty for the bargain bin prices. Much appreciated.

    BRT says:
    December 18, 2021 at 10:10 am
    She’s offering annual returns 6x higher than Bernie Madoff touted.

  215. The Great Pumpkin says:

    Without your help, those returns would not be possible.

  216. 3b says:

    I guess all those young people leaving for college and not coming back won’t be successful, yesterday they were spreading their intellectual seed all over the country.

  217. The Great Pumpkin says:

    3b,

    Look at Lib as an example of what happens. He left the area and came back. What about chi? So don’t wrongly assume the majority don’t come back. Nj is doing fine. This has been going on for decades. Why do you think Rutgers football program has been terrible for decades? They can’t get these kids to stay in state. And remember, out of state is more money. These are rich kids going away to college. We are a rich state.

  218. grim says:

    Love that NJ stopped publishing the weekly variant report 3 weeks ago.

    Interesting timing to stop.

  219. Bystander says:

    “It pushes out all the mid-level and lower individuals and becomes a location based mostly on the top performers”

    No d&pshit, these people run laps around you in ambition and intelligence. They are not mid-level performers. Companies just farm it all out to India so there are less top paying jobs around here. Google and fin tech are drops in large IT job bucket in terms of hiring. The reason they don’t move to NY area is because they need two incomes to survive and perhaps spouse can’t work. This area is bloated housing, bloated taxes and low ambition people looking for the greater fool to cash RE lottery ticket. People like you.

  220. Phoenix says:

    Covid likes days like today, cool and damp.

    In other news, if it’s true, Russia has been sending operatives into Ukraine.
    Rumor is, they go in chanting, Let’s go, Brrrandon.

    Poor Chris Noth, did he really do anything?

    Biden calling Kamala the president, haha, not surprising. Dude is out to breakfast, lunch and dinner combined.

    Will Princess Holmes get off? Facing 20 years- No way is she doing 20 years with that face, hair and body. Oooh, justice is blind, but judges and jury have 20-20 eyesight-and Bias.

  221. Phoenix says:

    Companies just farm it all out to India so there are less top paying jobs around here.

    This is Anti-American.

    Are corporations people? The U.S. Supreme Court says they are, at least for some purposes. And in the past four years, the high court has dramatically expanded corporate rights.

    So this makes these corporations Anti-American.

    It’s all part of Radical Capitalism.

  222. BRT says:

    You still going all in or are you going to pretend you didn’t again after another 20% fall?

  223. grim says:

    NJ now hitting it’s 3rd consecutive 6k day.

    We’re in uncharted territory.

  224. Phoenix says:

    Don’t worry, be happy.

  225. Phoenix says:

    Try not to laugh, I dare you.

    https://youtu.be/Q37LeU0g65s?t=125

  226. The Great Pumpkin says:

    No, that’s actually how it works. It’s called a market. And when you have an insane concentration of productive people in a location, it pushes out the little guy who can’t afford it.

    Come on, this is no different than the gentrification of a neighborhood. Nj is a small state. From Monmouth county to Bergen county…it’s all being gentrified. Philly metro is also slowly being gentrified.

    It is what it is. You can’t touch the cali coast if you don’t have lots of money. It’s not even a question anymore…it’s all be taken over and gentrified. Same with florida coastline. That’s not regular Florida, that’s gentrified florida that is made up of the same competitive that ruled the nyc market and have since retired.

    Bystander says:
    December 18, 2021 at 10:53 am
    “It pushes out all the mid-level and lower individuals and becomes a location based mostly on the top performers”

    No d&pshit, these people run laps around you in ambition and intelligence. They are not mid-level performers. Companies just farm it all out to India so there are less top paying jobs around here. Google and fin tech are drops in large IT job bucket in terms of hiring. The reason they don’t move to NY area is because they need two incomes to survive and perhaps spouse can’t work. This area is bloated housing, bloated taxes and low ambition people looking for the greater fool to cash RE lottery ticket. People like you.

  227. Phoenix says:

    An Amazon delivery driver was told she would be fired if she did not finish her deliveries during the deadly tornado that hammered Illinois and killed six workers at its distribution center.

    The unnamed Amazon delivery driver informed her boss at the dispatch that tornado sirens were sounding in her area and suggested she head back to the base for safety, but the supervisor threatened her with termination, according to the text messages provided to Bloomberg.

    About 80 minutes later, a tornado struck one of the company’s warehouses on December 10 in Edwardsville – approximately 30 miles from where she was located.

    Despite the oncoming tornado and the drivers fear for her safety, the boss warned that if she decided to return without finishing her deliveries ‘you not having a job come tomorrow morning.’

    ‘If you decided to come back, that choice is yours. But I can tell you it won’t be viewed as for your own safety,’ the boss said.

    ‘The safest practice is to stay exactly where you are. If you decide to return with your packages, it will be viewed as you refusing your route, which will ultimately end with you not having a job come tomorrow morning. The sirens are just a warning.’

  228. Bystander says:

    “No, that’s actually how it works. It’s called a market”

    The market is 0 rates, 5% down, 50% DTI allowance, stimulus, fear, speculation..you are bigger mook than I thought if you believe 30% increase in a year is just the “market” speaking. 12 years of Fed direct intervention pumping greater fool investing. Article from other day, two incomes who targeting Richmond 400k home, end up spending 635k. Just fine, only 50% more than anticipated. It will be a sad walk home at some point. Salary ain’t driving it and we are getting further and further away from any fundamentals driving a thing.

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  230. 3b says:

    Pumps:Same as you assuming the majority do come back, you don’t know and neither do I. The difference is in your myopic world view they have to come back.

    One thing I can tell you as my kids are through college and I know many who have not come back and don’t plan to. Two states have the highest amount of young people leaving for college NJ and Illinois. It should at least cause you to pause and consider it could be an issue and concerning, rather the you just explaining it away based on your tunnel vision.

  231. Phoenix says:

    This is a state for Boomers and children of them who get hand-me-down houses at low prices/free from their hand-me down parents/relatives.

  232. Juice Box says:

    2 hour wait times in NYC for a Covid test, if you did not have covid before you will get it waiting in that line.

    https://hhinternet.blob.core.windows.net/wait-times/testing-wait-times.pdf

  233. notapumpssupporter says:

    So I’m hearing a ton of cases in my town… Haven’t had this type of feeling since original COVID..

    So are going to see the market crash Monday??

  234. Phoenix says:

    Could have improved these times if America invested in healthcare instead of 12 aircraft carriers dropping bombs in sandy places.

    But someone has to get rich.

    2 hour wait times in NYC for a Covid test, if you did not have covid before you will get it waiting in that line.

  235. Phoenix says:

    Lockdowns here we come. Karens back to spitting and attacking everyone.

    Russia will take Ukraine, and China will take Taiwan. It’s coming.

    Buy stock in Orville Redenbacher’s popcorn, get yourself some, and enjoy the show.

    “President Joe Biden will deliver a speech on Tuesday to announce new Covid measures to fight the rapidly-spreading Omicron variant. It’s anticipated that he will go beyond his already revealed ‘Winter Plan’ and address booster shots, lockdowns and mask mandates. The number of confirmed Omicron cases in the US has nearly doubled in a period of 24 hours, with the variant confirmed in all but six states.”

  236. Phoenix says:

    So are going to see the market crash Monday??

    Well, that would be festive now wouldn’t it.

  237. Phoenix says:

    Covid is guaranteed to bankrupt Medicare and Medicaid.

    Short both now.

  238. Phoenix says:

    3/4 of the mommies in my town kept their kids home afraid of Tik Tok shooting challenge.

    Paranoid freaks. Nothing happened at all. America is full of triggered individuals all scared of their own shadows. It takes nothing to send them scurrying.

    Now, the po-po, according to the papers, have arrested over 10 kids for sending fake threats.

    What’s the lesson? Don’t threaten, just act. Don’t worry, the kids will learn.

  239. Ex says:

    I find it suspect though, Pumpkin, that you’d not see the plain fact that NNJ is uninhabitable for a young teacher or for that matter a single teacher trying to buy a home in a decent neighbor. That fact alone should cause most people to pause.

  240. BRT says:

    I think if we were to have a selloff monday, crypto would be selling off right now over the weekend. It’s still not too late.

  241. IT AMC Dubai says:

    You can support yourself while studying in many different ways. Your earning potential is determined by your skill set, how much time you can invest, and sometimes your country.

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