From Reuters:
U.S. house prices to rise another 10% this year
U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a Reuters poll of property analysts who forecast a sellers’ market for another two years.
Record low interest rates and a scarcity of homes to buy, combined with unexpectedly explosive demand during the pandemic, sent the average house price up 17% last year, the strongest annual rise in at least two decades.
That has stretched affordability ever further, particularly for aspiring new homebuyers, a common theme across most developed economies as the global economy emerges from the worst of COVID-19 and central banks raise interest rates.
The Feb. 8-28 poll of 33 property analysts suggested U.S. house prices would rise 10.3% this year. That was an upgrade from 8.0% in the December poll, suggesting underlying demand for housing is still strong and housing supply is still tight.
Prices are forecast to rise 5.0% next year and 4.1% in 2024, marginal upgrades compared with 4.0% and 3.7% in the last poll.
first
“Surprise idea”
It was the US that first suggested for Poland to provide Ukraine it’s MIGs, not the other way around.
Poland was unwilling to do so without guarantees of equivalent backfill of lost military equipment. Given the proximity to Belarus and Ukraine, and the current situation in Ukraine WRT Soviet airpower, this is completely reasonable. Given Poland already flies American jets (48 F-16s), it makes perfect sense, especially since Ukraine pilots don’t know how to fly American jets.
In fact, when the US was touting this deal last week, it was Poland who threw cold water on it:
““We are supporting Ukrainians with humanitarian aid. However, we are not going to send any jets to Ukrainian airspace,” President Andrzej Duda said.”
Sorry, but Poland isn’t going to provide the jets directly the Ukraine without an intermediary in the mix. This is key. They can trade US for jets, they can trade EU for jets, they can trade NATO for new jets, but it needs to be some external entity with clout in that mix, providing them to Ukraine.
Let’s get real here. When Russia starts lobbing missiles into Poland, the rest of Europe and Nato continues to sit back? “We had nothing to do with that deal” they’ll say? Jets being transferred in Germany, through the US entities stationed there, is the only way this works. Poland is already playing with fire being the primary staging point for nearly 100% of the western weapons shipments into Ukraine.
And it’s going to be HARRIS that works all this out today? Oh get real. Should have been Biden in Poland.
Lib,
Appreciate the love man. I really do. I just believe too much in high growth innovation. Check this. I respect this guy. BTW, he was shorting ark down the past year. It’s the definition of buying blood in the streets.
“$ARKK back to its pre-COVID high –
All post-COVID gains have been wiped out; the bubble has already popped!
Near-term might be choppy but quality high growth stocks likely to generate strong long-term returns.
IMHO, this is the time to BUY.”
He is basically saying: I think the bottom will happen at the 40 monthly ema, but since no one can predict bottoms, DCA here is good long term, even if short term prices move 20% lower.
Freedom at work. If you are a repub you are for individual rights.
Hahaha.
How “free” are you?
An unusual new provision, introduced by state Rep. Mary Elizabeth Coleman (R), would allow private citizens to sue anyone who helps a Missouri resident obtain an abortion out of state, using the novel legal strategy behind the restrictive law in Texas that since September has banned abortions in that state after six weeks of pregnancy.
Coleman has attached the measure as an amendment to several abortion-related bills that have made it through committee and are waiting to be heard on the floor of the House of Representatives.
Abortion rights advocates say the measure is unconstitutional because it would effectively allow states to enact laws beyond their jurisdictions, but the Republican-led Missouri legislature has been supportive of creative approaches to antiabortion legislation in the past. The measure could signal a new strategy by the antiabortion movement to extend its influence beyond the conservative states poised to tighten restrictions if the Supreme Court moves this summer to overturn its landmark precedent protecting abortion rights.
novel legal strategy
This is what the USA uses to keep you from really being “free.”
Novel legal strategies.
I will never go against you guys again on the stock market. I don’t recall you guys ever being really wrong on any call/advice with the stock market. The fool has learned.
https://njrereport.com/index.php/2022/02/25/isnt-this-the-american-dream/#comment-1247348
Guess we don’t trust the USA as much as we think we do after all…..
When Russia starts lobbing missiles into Poland, the rest of Europe and Nato continues to sit back? “We had nothing to do with that deal” they’ll say?
Hahaha.
Cause let’s face it, America isn’t trustworthy. Nor does it have the moral high ground to stand on like it did after WW2.
At the end of the day the Mig-29s from Poland to the US then to Ukraine was a nice gesture but nobody wants a bigger shooting match. Mig-29 only supports unguided weapons for bombing in visual flight conditions, won’t be all that much use against the Russian armored columns that now include allot of anti-aircraft equipment. As far as dog fighting they won’t last all that long against the very same anti-aircraft equipment and would be shot down within weeks for sure.
They would be better off with more deadly drones. The reaper can carry 8 Hellfire missiles. Guided weapons are very effective, and these drones operate best in the middle of the night they can take out allot of tanks and trucks. There are fleets of them with US Airforce personnel now in Romania and Poland, but we won’t be giving them those either as it is an escalation and will end up turning into the bigger shooting match nobody wants.
“but we won’t be giving them those either as it is an escalation and will end up turning into the bigger shooting match nobody wants.”
What “bigger” shooting match?
The Russian army hasn’t even taken over Ukraine yet. They have been stalled up to now.
Do they really have the power to take on NATO when they can’t even finish off the Ukrainians that they had surrounded on three sides? The American military hasn’t even brought it’s fight into this war yet. Russian tanks are stalled everywhere.
Why so chicken?
Afraid he might “jump?”
BTW – Pentagon released an estimate yesterday. They say only 4,00o Russian troops dead. No idea on injured.
“…between the instant insolvency of the Ruskie exposure, and prime brokerage counterparties, someone must have blown some holes in their books.”
chi, yeah, the ST swings across all asset classes are crazy…agree, even without the credit risk we’re entering a zone where some issue can come out of left field on some previously anonymous player that can ripple through a a major name…
“How is teladoc relevant to genomics?”
Exactly, lol. More so the company itself doesn’t claim to be…CW does some weird ouija board move that someday, somewhere in the future this company that has no current business in genomics may change their strategy and then magically be a leader in this space they currently do not occupy, and then invests other people’s money into this personal fiction she creates…
The criminal part is that certain posters here hold some of the same licensures she does…if they ever did this with their client funds they’d be sued and suspended by the SEC…
“The entire world has been duped by Wall Street. They have us all convinced that they are these brilliant masterminds…”
The only issue I’m going to take with this statement after spending the better part of three decades front and center there is that the strongest resistance to and criticism of CW comes from people with Wall Street experience…if you’ve been around the block more than once in this industry you sniff her out right away for the BS artist she is…she may truly and honestly believe her own BS, but ATEOTD it is BS nonetheless…..
A country and a leader with nothing to lose that is armed with Nuclear weapons should be really interesting as time goes on.
Hell, the people there can’t even get a Big Mac now. I’m surprised the Americans haven’t passed a law forbidding Russian women from getting abortions.
Harris in Poland is a joke. Zero background in foreign affairs, arrogant and just all around clueless. The Polish government officials are just going to shake their heads after discussions with her. Harris, the face of the Free world against Russian aggression. We are in good hands!
Harris, the face of the Free world against Russian aggression.
(Stolen) elections have consequences.
We are now seeing the effects of putting establishment hacks in office. Is there any clip of Kamala that would ever get a thumbs up from the population?
3b,
America voted them in. That’s what the American public wanted.
A career politician and a lawyer. Americans love laws.
So much that when they become a state lawmaker, they try to control the rest of the country with the individual laws of their state.
Making it illegal for a woman to cross a border into another state in order to get an abortion.
Now that is some extreme hubris there Karen.
Eddie,
Why are republicans trying to steal the rights away from women to have abortions?
Is it only okay for some to steal?
Fighter jets without pilots and supply chains are worthless. I doubt they have competent pilots waiting for a jet to jump into and a way to maintain them.
Unless they were going to be polish Air Force flying them they aren’t going to do much good. That would be a major escalation which a lot of the war mongers are trying for. How many of these stories are planted in order to sway public opinion?
Coleman said she hopes her amendment will thwart efforts by Missourians to cross state lines for abortions. The measure would target anyone even tangentially involved in an abortion performed on a Missouri resident, including the hotline staffers who make the appointments, the marketing representatives who advertise out-of-state clinics, and the Illinois and Kansas-based doctors who handle the procedure. Her amendment also would make it illegal to manufacture, transport, possess or distribute abortion pills in Missouri.
Olivia Cappello, the press officer for state media campaigns at Planned Parenthood, called the idea “wild” and “bonkers.” She called the proposal “the most extraordinary provision we have ever seen.”
“How many of these stories are planted in order to sway public opinion?”
Most of them.
Thanks Joe.
The Venezuelan government has freed two jailed Americans, including an oil executive imprisoned alongside colleagues for more than four years, as it seeks to improve relations with the Biden administration amid Russia’s war with Ukraine, the White House announced Tuesday nigh
Think the goal was to intimidate Putin with the prospect of 30 more MIGs in the sky.
House prices: I see a few houses reduced in price in the area. Most of the reductions are fixer-uppers, main roads, one bath, etc. Chubby Mary looking to make a score, just isn’t gonna happen. I understand trying to get as much as possible for a house but if you don’t know what a paint brush looks like or never used a bottle of cleaner, then drop your price by 20% and then go on a diet.
Phoenix,
On abortion, you’ll always hear crickets. Yes, the American Left is all about control.
Blah, blah, blah. Let me have my guns so I can control who lives and dies unless your daughter gets raped by her uncle. Then the egg must be hatched and brought to life.
I am listening, but at the same time, I am keeping an open mind. Lot of these companies have doubled in growth the past 2 years. So many people act like they are fake companies, when in reality they are growing.
All I am saying is that there is so much hate for her and high growth at the moment that they have been oversold. It’s like the hate for oil 2 years ago. Everyone and their mother hated it just like ark high growth stocks right now, and look at what happened? And let’s face it, oil is dying industry. It’s not going to continue to grow. It will always exist, but it’s obvious we are going to be using less and less of it.
PumpkinFace says:
March 9, 2022 at 7:56 am
I will never go against you guys again on the stock market. I don’t recall you guys ever being really wrong on any call/advice with the stock market. The fool has learned.
https://njrereport.com/index.php/2022/02/25/isnt-this-the-american-dream/#comment-1247348
April 15 is quickly approaching. And don’t forget, NJ will probably send you a tax bill from 2019 claiming you still owe them money.
Among the biggest names caught up in the Pandora Papers revelations so far are Tony and Cherie Blair, Conservative Party donor Mohamed Amersi, an alleged former lover of Russian president Vladimir Putin, King Abdullah of Jordan, Czech prime minister Andrej Babis, Kenyan president Uhuru Kenyatta and Azerbaijan’s ruling Aliyev family.
A number of celebrities have also been drawn in, including the pop stars Elton John, Ringo Starr, Shakira and Julio Iglesias, the supermodel Claudia Schiffer and ex-Indian cricket captain Sachin Tendulkar.
https://en.wikipedia.org/wiki/List_of_people_named_in_the_Pandora_Papers#Politicians
Kamala is “equity” personified which means substituting skin color for qualifications. The equity movement has taken hold in diplomacy, academia, science, medicine, law. We’ve lost competitiveness in a lot of areas.
In nj a bunch of groups are trying to kill the teachers certification tests. If that happens, As long as you have enough pigment you can be illiterate in many subjects and they ll be okay putting you in the classroom.
He’s already drawn the line on what constitutes an escalation. The question becomes what the response would be. Does Poland want a war?
Someone here recently said they had some cash losing to inflation. Here’s an easy way to get 3.8% for90 days. BTW, I do these things all of the time. The only negative is that you must be organized to keep track of all of the accounts working and their requirements to get paid. Though, this one is super easy. Good for a 25K investment.
https://www.mymoneyblog.com/live-oak-bank-new-deposit-bonus.html
“Harris in Poland is a joke…arrogant and just all around clueless.”
“We are now seeing the effects of putting establishment hacks in office.”
To my point yesterday on evaluating politicians for what they do, and not their ability to appease one another and rack up ridiculous amounts of tenure in DC….let’s play a quick game…
Many here have deep private sector experience. Make yourself Worldwide Hiring Manager. You have the ability to place anybody, anywhere into any job you deem them capable.
Where would you employ Harris?
Seriously, step back and think for even just a couple minutes. You must place her in a private sector job where she is accountable to actually produce something of value. You need to look at her in total, from her prior body of work to soft issues like presentation and demeanor.
Where do you employ her? Job title and role. And you are accountable for her success in that role and her comp.
Anyone?
Yet by title now she is among the most powerful and influential people in the free world…
Lib,
Pro Abortion or not,
How are you “free” when someone is deciding what you are doing with your own body?
What is freedom? Is freedom what you can do legally? And if you live in one state, now they can extend their law into the rest of the states?
Sure. Then PA and Texas should make it a crime for NJ to restrict its gun owners from carrying in NJ.
Pa. and Texas residents walking around NJ with their guns on their hips.
Now that would be a real hoot!
Planes have to land somewhere. The first day of the war the Russians launched cruise missiles and took out most of the Ukrainian airforce as it sat on the runway. Here is a video of their far western Ivano-Frankivsk airbase near the border of Romania and Poland. Many planes taken out with one cruise missile.
https://www.youtube.com/watch?v=6pSJdeF9UHU
As far as any escalation (conventional), remember the Russians were able to launch cruise missiles from their ships and subs in the Caspian sea over Iran and Iraq and in the Med over Lebanon and Turkey into Syria. None were shot down. That means they can launch cruise missiles at any capitol in the EU unless they have the right Air Defense systems up and running 24 x 7.
Why do you think Biden just sent patriot batteries to Poland? It’s not to shoot down planes. The Polish airbases being used to supply the Ukrainians with weapons could be the next escalation with Russian conventional cruise missiles. Those missiles are amongst the best in the world.
Where would you employ Harris?
Housekeeping where I work.
Hahaha.
She wouldn’t make it to lunch hour.
Man I have hard respect for those who do this where I work. They slap.
“Coleman said she hopes her amendment will thwart efforts by Missourians to cross state lines for abortions.”
“Yes, the American Left is all about control.”
I’ll jump in….this Coleman is despicable. I don’t know her district, or what enabled her to be voted into office, but she needs to be removed and whatever ideology she holds that allows her to justify her actions needs to be stomped out and eliminated immediately. Who the fuck is she to assume that she has any right whatsoever over these people in this manner? Height of hubris and arrogance, and unethical and immoral. These are the people, of either party, that must be kept away from levers of power.
The whole argument on Russia wanting to take over Europe or the world is based on a logical fallacy.
Just because I go into Mc Donalds wanting a cheeseburger doesn’t mean I want a dozen chicken McNuggets.
Ohhh, but how America likes to control with fear.
Fear is a very powerful emotion when it comes to controlling individuals and entire populations.
Wanna know what real FREEDOM is?
When you no longer fear anything. Your boss, your country, your wife, the laws, the police, or the fear of death.
Then you are truly free. Putin is almost there.
Here is the western airbase. Sitting ducks. There were a few bunkers for fighters to the west but looks like they were not used, all the planes were parked in close proximity. This image is dated this year too.
https://www.google.com/maps/place/Ivano-Frankivsk,+Ivano-Frankivsk+Oblast,+Ukraine,+76000/@48.8924018,24.6949152,657m/data=!3m1!1e3!4m5!3m4!1s0x4730c16c34b0381d:0xd6d32394e59e41c2!8m2!3d48.922633!4d24.711117
Take it from a guy whose job it was to reassemble all of the parts of an aborted fetus in order to be sure it was all removed.
It’s an experience one never forgets.
Yes, Republicans are also failures in upholding liberty, due to the flawed philosophic base for their politics.
courses.aynrand.org/works/conservatism-an-obituary/
Neither side is really in favor of free speech any more
Both sides are eager for state interventionism in the economy, the Dem’s ambitions are more expansive, but increasingly Repubs are going after more targets.
On some issues the Repubs are marginally less interventionist. The Religious repubs are obsessed with abortion and prayer in state-run schools. The leftist dems are obsessed with promoting fringe sexual proclivities in schools.
Leftist intellectuals have become idiotic, Rightists have embraced idiots (Trump) as their symbol of rejecting intellect.
It’s kind of like working for the NTSB whenever there is a plane crash.
First thing you look for is the four corners to make sure the plane came down all in one piece.
That’s a very dangerous situation juice. If that’s laying the groundwork for the Polish Air Force to enter the fray we’re looking at a major conflict. The gloves will come off.
Has anyone dug into the details of the fiscal 2023 NJ budget announced by Phil yesterday? If so, can you summarize the gimmicks that I assume are in place to make the budget ‘work’? And some other questions and/or items of note…
– the budget is almost $50 billion; that’s ~30% more than Phil’s first budget for fiscal 2019
– as recently as 2012, the budget was under $30 billion, so it’s climbed by almost $20 billion in the past decade or so, with most of that increase (almost $15 billion) coming since 2018 under Phil
Again, how is this possible and how does it ‘work’? Where is the funding for this extraordinary increase in spending coming from? I’d say it was all smoke and mirrors and we’re just sinking deeper into debt, but Moody’s just gave us a credit-rating upgrade. So how are we paying for this — tax increases, federal bail out money, borrowing?
The Polish airbases being used to supply the Ukrainians with weapons could be the next escalation with Russian conventional cruise missiles.
Sure.
But I don’t think Putin would do this, it would invite a massive conventional “legal” military response from the West, the equivalent of “resisting arrest.”
I think he would choose to “jump” like the rat in the video he talked about when he was a kid. Why not, doesn’t seem he has much to lose anymore anyway.
It’s the logical move at that point.
SGC,
How dare you second guess Murphy. He is a GS expert. He has your, and all of NJ residents best interests at heart. /s
Russia wanting to take over Europe..
Nah the oligarchs just want to live and park their jets and yachts there. Most of them in Putin’s circle of trust have been in control of the Russian economy for nearly three decades and siphoned out untold amounts of money via shell companies, shady banking, and rigged privatization auctions.
They bought Putin too his vast wealth does not come from anything but bribery. You will know it is really a problem in Russia if Putin starts putting them all in gulags. Right now the ruble may have crashed and cannot be traded by the common Russian citizen who is trying to get Euros or Dollars for it, but the oligarchs money is firmly in the west still. There are billion hidden in nearly every bank in Europe. Sure grab a few yachts for headlines but last I checked those bank accounts and lines of credit were not seized.
BITG
“The gloves will come off.”
You mean America might actually have to pay a price for something?
You think this war will stay conventional? You think Putin or Russia has a chance in a conventional war?
Weapons of mass destruction.
Are we all in agreement that this was a lie?
How many American “oligarchs” had their money and yachts seized?
I don’t remember this happening.
It seems to be a truly western phenomenon. Control through seizing the money of individuals without due process.
Go on any car forum, listen to the guys there. How many have had their cash seized by law enforcement while traveling to buy collector cars where the sellers demanded cash due to fraudulent checks and money orders.
American authorities love to seize cash. I wonder how much drug money goes missing in a drug bust? 20 percent, 50 percent?
Anyone care to take a guess?
The real problem is, if the west is willing to engage Russia, the west needs to be willing to invade Russia.
Suspect that would end up looking a lot like Ukraine.
If only Harris would sit there saying nothing, doing nothing, thinking about bible quotes internally while flies land on her head. Opening her mouth does her no favors. Too bad Biden putting her in this position. I have never seen such vitriol at a VP. Even Biden faded into background 2009-2016.
re: “dug into the details of the fiscal 2023”
Starting on Page 64 – page 99, you can see where the increases/decreases are.
https://www.state.nj.us/treasury/omb/publications/22bib/BIB.pdf
The Ruble will now be known as the Rubble.
Lib,
Thank you for that post. 25 k being deposited.
You don’t have to pay for my steak now. But I would still like to go.
And where I have influence, if you ever need anything, I have your six.
As much as I am capable of providing that is.
Pumps. Some of these companies will succeed. Some will become the next Alphabet and most will end up bankrupt. This is how it always worked. Cathie Woods is not special in that she finds these companies. Where she is unique is in her carelessness. We spelled it out for you a million times here. You can easily assemble a similar basket of stocks in a particular sector. And you are much better off doing so than investing through one of her ETFs. Because when the sh1t hits the fan and will again and again, you can safely exit any and all of these companies without worrying about tanking their stocks. She can not. A well designed ETF does not carry these risks. There is a reason that Nates isn’t in any ETF you’ve ever heard of. For the same reason. And this is just ONE reason that Cathie is a fool. Her biggest fault is what you continue to praise her for. Her lack of exit strategy will be her undoing. What you see as conviction, the world sees as pure idiocy.
Let me give you a gambling example.
There is a craps strategy that works like this. I’ve heard it called the power play. You place 4,5,6,8,9,10 and the pass line (removing the one number which becomes the established pass line bet). In this case, say the pass line bet is a 10. So you don’t lose if any number is rolled except for a 7. A 2,3,11,12 gets you nothing but another roll. Every time a 4,5,6,8, or 9 is rolled, you fully press your winnings back into that number. So if a 6 is rolled, you get paid $14 for your $12 bet. You take $12 out of the $14 and now you have a $24 placed 6 on the table, which you only paid $12 for and have pocketed an extra $2. So you keep power pressing every number like a dumb robot until one of two things happen. Either you roll your pass line number which will allow you to win ALL of your bets, or you’ll roll the dreaded 7, which will make you lose ALL of your dreaded bets. On a $10 minimum bet table, the bet costs you a total of $60 to $64 dollars.
I’ve done this dumb strategy a number of times with interesting results. Once I won almost $2000 with it. Another time I won $1,000 it. But most of the time I lose between $50 and $64 as I hit a few numbers and get to keep the $2 and $3 extra per hit before the 7 is rolled. Now an improvement to the strategy might be to stop and pocketing all of your bets after a certain number of rolls without the 7 showing. This would definitely smooth out all of the variability and I would come home a winner more frequently. But this would be at the expense of a really big win. Another strategy might be to take down all of the bets after I hit a certain dollar amount of bets on the table before rolling the 7. Say $200. This too would get me more winning days in exchange for the really occasional really big win.
So mathematically, which strategy is the best? The truth is, they are all exactly the same. The only difference is the variance. When you choose to stop simply changes the variance, not the expected value of the return. So as a gambler, you must choose, do I want to win once in every thirty trips and win $2,000? Or do I want to win once in ever 10 trips and win $666 dollars? Or do I want to have a decent chance to win every trip but only win a couple of dollars? These are not the real odds, but the returns based on my experiences. They are probably close to real though.
So compare and contrast this with Cathie Woods She is clearly going for the 1 in 30 trips option.
Now if this was my retirement on the line, my risk profile would not have me taking a chance on her with more than say 2% of my nest egg. Though, examining her strategy and the major fault in it (which I indicated earlier was her lack of an exit strategy for when the sh1t hits the fan), I wouldn’t bet a shiny penny on her.
Trust me, I left $1,000s on the table only to lose it to a 7 before my pass line number tens of times now. I’ve only made it to $2,000 once. I’ve lost$100 profits on the table to the 7, hundreds of times now. Do I play this strategy anymore? Sure I do. When I want to gamble. But I will never gamble with my retirement. Cathie Wood is gambling with your retirement.
Left: To your question where would I put Harris, I simply don’t know. I wrongly assumed that as an attorney and former state attorney for California she would at least be well spoken and actually coherent. Instead she has no idea what she is taking about, totally not prepped on a subject, hysterical laughing, she is anything but professional.
Until VP she had never been to Europe, I doubt she has any understanding of the European countries and especially the history and complexities of Russia , Eastern Europe the old Soviet Union etc. Yet, she is over in Poland holding high level discussions in a major crisis. I would have done a better job over there as I am very familiar with European history, amateur historian etc. Others here on this board as well.
If reports leaked from her office are true, and I suspect they are, her staff is in turmoil amid high levels of frustration as she refuses to be briefed on any subject. She apparently just wings it.
“Opening her mouth does her no favors.”
That’s where the flies come from.
leftwing says:
March 9, 2022 at 8:51 am
“Many here have deep private sector experience. Make yourself Worldwide Hiring Manager…Where would you employ Harris?”
Private sector is (unfortunately) loaded with Kamala’s. They populate the ever-expanding D&I departments that exist to collect awards for doing nothing and provide protection from the woke, leftist mob. They, and their growing army of self-righteous do-nothings are nothing more than parasites that will eventually kill their well-intentioned hosts (corporations, universities, USA).
Grim: And if the west invades Russia it will be Americans doing most of the fighting and dying, and then the leftists in Western Europe will be blaming the Americans for war mongeing.
3b,
From me, a layperson, who lives a life based in truth. When I work, it’s all about feeding accurate information. Giving a report to a colleague, lab results to a physician, explaining something to a patient. No sugar coating, no deceit, no withholding of information. No agenda at all except trying for the best outcome for the individual involved.
So when you deal with a lawyer, your first thought is that they are a professional doing the same thing, and that the “legal” definitions are like a language that you don’t understand-so they are just “translating” for you. But this is not the case. They operate under their own agenda-something they never disclose. You might never know their agenda until your case is over. They make decisions that they think are right for you when if you knew what they were you would have never agreed. They operate under deceit, lies, manipulation, withholding of information, all legal, all good. And suing one will cost you more than you would ever get in return, they have their own brand of “qualified immunity” so to speak.
It’s truly a vile profession. I have yet to find one I have ever truly liked. It would be like choosing your favorite snake out of a snake pit.
If Putin cannot have Ukraine then he will scorch the earth there so nobody can live there.
Think I am joking? A blue checkmark from Ukraine says all of the EU is now in danger of another Chornobyl incident.
@DmytroKuleba
2h
The only electrical grid supplying the Chornobyl NPP and all its nuclear facilities occupied by Russian army is damaged. CNPP lost all electric supply. I call on the international community to urgently demand Russia to cease fire and allow repair units to restore power supply 1/2
@DmytroKuleba
Reserve diesel generators have a 48-hour capacity to power the Chornobyl NPP. After that, cooling systems of the storage facility for spent nuclear fuel will stop, making radiation leaks imminent. Putin’s barbaric war puts entire Europe in danger. He must stop it immediately! 2/2
https://twitter.com/DmytroKuleba/status/1501531432031858690?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1501531432031858690%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.cnbc.com%2F2022%2F03%2F09%2Frussia-ukraine-live-updates.html
Left, glad to see you are politically sane.
Phoenix, don’t mention it.
SGC, We agree on the Murphy budget. I think he has the largest shortfall to contend with in the history of NJ. As for the high credit rating? Take out enough credit cards, pay the minimum balance on time every month and you too will get an excellent rating. The balance you carry doesn’t matter. He knows this from his Wall Street days. It probably helps to put out some bullsh1t press releases about how NJ’s economy was in the top 10% of the country in growth for the one quarter outlier when it wasn’t in the bottom 10%, which it was in the other 20 previous quarters
I would make Kamala our chief equity officer.
I actually had an attorney that never disclosed during a deal that one of the choices would cost me 35k unrecoverable dollars that he pocketed. Had I chosen the other route I would have had the legal ability to recover all of it.
But hey, his agenda was to make 35k and pad his retirement. I found out years later when the next attorney asked me why I did something so stupid. How was I supposed to know?
That’s 35k, plus the interest it would have made invested for my daughter to go to college. You took food out of my child’s mouth. That’s hundreds of hours of blood money for me as I bathe in blood for a living.
I do have one lawyer I kind of like. But that one has an agenda as well. At least he disclosed his.
re : “The Ruble will now be known as the Rubble”
Yeah No kidding. Never mind return ON capital how about return OF capital?
Nope……The Russian Central bank just put a ban on converting rubles. Any common person in Russia is f***ked, even with the currency tanking they basically nationalized all savings accounts, you cannot take out your money over $10K and cannot convert it to any other currency.
March 9, 2022, 7:19 a.m. ET
” Russia’s currency continued its descent on Wednesday as trading in the ruble was restarted on the Moscow Exchange. But in an effort to stanch the currency’s decline, the Russian central bank issued an order further restricting access to U.S. dollars.
The Central Bank of Russia said on Wednesday that owners of foreign-currency accounts in Russian banks will be allowed to withdraw only up to $10,000 in dollars (regardless of the currency in the account), and the rest would have to be taken out in rubles. New foreign-currency accounts can be opened, but only rubles will be permitted to be withdrawn. The order will be in place until Sept. 9, the central bank said. Until then, banks cannot sell foreign currency to Russians either.
The measures seem intended to curb the ability of Russian citizens to convert their rubles into dollars or other currencies, as the central bank tries to support the national currency, which is rapidly losing its purchasing power.
Russia’s ruble has lost about 40 percent of its value against the U.S. dollar this year as Western leaders have moved to isolate the country from the global economy with sanctions in response to its invasion of Ukraine.”
How many shares did you buy today or yesterday?
The Great Pumpkin says:
March 9, 2022 at 8:45 am
I am listening, but at the same time, I am keeping an open mind. Lot of these companies have doubled in growth the past 2 years. So many people act like they are fake companies, when in reality they are growing.
All I am saying is that there is so much hate for her and high growth at the moment that they have been oversold. It’s like the hate for oil 2 years ago.
Juice
That’s the problem with the American system.
It has to take the last breath out of you. Demean you and crush your last metacarpal.
Take a dump on you, then rip the Big Mac out of your hands.
Goes to show you just how much even the corporate sector is vile here- a starving Russian woman and her child can’t get an effing McNugget.
Give the McNuggets to the Americans. Job security for me doing gastric sleeves. I’d prefer that an innocent Russian child had something to eat, but nothing I can do about it.
No matter what you think of Our VP, I think Secretary Antony Blinken
Is doing a great job.
People made a lot of money, bought a lot of things, and increased tax revenue by a lot. I don’t like how he is using this money to make the state more affordable for the bottom, but it is what it is. At least he is trying to make the state more affordable for the regular joe.
“Again, how is this possible and how does it ‘work’? Where is the funding for this extraordinary increase in spending coming from? I’d say it was all smoke and mirrors and we’re just sinking deeper into debt, but Moody’s just gave us a credit-rating upgrade. So how are we paying for this — tax increases, federal bail out money, borrowing?”
I totally understand what you are saying. And again, I hope good karma comes your way.
What I plan on doing this time, is selling once it flies up. I’m not going to hold it. I could buy individual stocks, but it’s just way too much work, rather just ride her on the way up, and then exit with profits before it crashes again. I just think in this era of low growth that is upon us, I have to try and take on risk while I’m still young. It’s still a small percentage of my net worth, so it’s worth the risk.
Libturd says:
March 9, 2022 at 9:28 am
Grim,
To establish a possible uptrend in the market, the Nasdaq would have to close above 13,770 twice and really three times for more solid confirmation. In case you were wondering about today’s bounce, we are not even back up to the downward trendline. Just more declining peaks and valleys down this orderly slide of overprinting and inflation.
“That’s where the flies come from”
Given the ‘get rid of Joe and Ho’ stickers on dumpy looking pickups, I don’t believe that is where Rs believe they are coming from..
There are way better speculative plays out there.
I’d like to see my child graduate high school Mr. Zelensky. Sorry.
And no, I don’t think Putin wants to take over all of Europe and the entire world.
Sell your fear to someone else, cause I ain’t buying it.
‘This is not ping pong. This is about lives’: Zelensky tells Biden to give Ukraine fighter jets and make a deal with Poland over the MIG-29s as Kamala heads to Warsaw amid fears Putin could start using nukes
Ukrainian President Volodymyr Zelensky accused the U.S. and Poland of playing games with people’s lives after the Pentagon poured cold water on a plan to get fighter jets to Ukraine hours before Vice President Kamala Harris departed for a three-day Eastern Europe trip.
Bystander,
There is no limit on a source of flies in America. Plenty of bull shite to go around here.
https://youtu.be/XPrRxhYJMkQ?t=5
And I mean it, LIB, you are a good dude and I hope you are rewarded. I still didn’t buy back into the ark strategy. I will think about what you said more, and see what I do. I just need some hot sauce to my portfolio. My net worth is tied up in ultra conservative positions. I need some risk. Any suggestions?
I see that most of you have now added HDS to your BDS. Kind of funny how so many of you still complain about TDS!
Bystander: It’s totally depressing, Joe and Harris on one end, and psycho Trump waiting in the wings to make a comeback. The USA and these are our choices. We are truly in rapid decline.
I have to agree with AOC on this one:
https://tinyurl.com/y4e54t8t
Old: Speaking for myself I don’t have HDS, I just simply think she is absolutely awful in every respect. I don’t know how you don’t see that. It has nothing to do with her deign a Democrat, or a woman, or bi racial. She is in my mind incompetent, inexperienced and arrogant, that is an ugly and dangerous combination. She may very well be the next President. I think those who are Democrats and of good will and not blinded by political blindness would be able to recognize this. But , apparently not to be in your kind justifiable criticism of Harris equals HDS. Like I said we are in rapid decline.
3b,
I don’t doubt King Oompa Loompa would try a return. His low-educated, Apprentice-loving racist cult are waiting to be entertained and not led. Still think it will be a different primary as everyone aware of tactics, Pence/Barr and other Rs are lining up against him given his mental instability. He has to account to Americans for endless lies/ 2020 conspiracy and violence of Jan 6. He is unstable. I also think Michelle Obama could lurk in background. Dems can’t just reward Biden/Harris in 2024. They may have to move on if Trump runs I do believe it comes down to how weak the Rs party is in allowing him to come back. They are very nutty and weak as we can all see.
Old,
we are waiting for some positive news or successes on any level. The one thing they tried to cling to was the Dow & the S&P, and that’s going now too.
Bystander: Hopefully you are right on both sides. Both parties need to offer Americans a moderate centrist candidate, that might actually be able to accomplish things for the benefit of all Americans. The lunacy of the left and right is out of control. We need a move back to the middle, otherwise it’s over for this country.
Lib,
401k….Which do you like more for the next year when I buy back in? VWUAX or VSCIX?
I also think Michelle Obama could lurk in background.
The same qualifications of Carmella Harris minus the cackle.
Trying to buy DNA. My brother bought yesterday at 3.30, I should have prob too. I’m just hoping it goes lower, but might just buy in. It’s stupid low right now.
So before I send any money to the ETF, just want to build a nice position into DNA. I just really believe in it. That sector has been destroyed…
PumpkinFace says:
March 9, 2022 at 9:52 am
How many shares did you buy today or yesterday?
I hope Harris proves us all wrong, kind of like Zelensky did, but I suspect that’s not going to be the case here.
You had Boris Johnson in Poland, you have got Trudeau there today as well with the Polish president, and we sent the veep instead of the President? Having Biden in Poland would have been a major show of force, especially compared to Putin, hiding in a bunker with a green screen.
Having Biden in Poland would have been a major show of force…
Doesn’t have the energy. They don’t want world leaders, close advisors and followers to see him struggle. Too many eyeballs on the old man. He’s not up for it.
Pumps.
I really don’t like to tell people what to do because I couldn’t easily live with myself if I was wrong. Though, I know I am very good at stock picking, technical analysis and really strong at investing in micro trends, it’s my discipline and ability to look at a situation without bias that allows me to outperform the indices.
The sad truth is, beating the benchmarks by a percentage point here or there doesn’t make you rich. It just makes you astute. Where I made my money is in being frugal, which increased my ability to save. And in market timing. And for the record, I’ve only attempted a major move like this four times before. I hit it out of the park on three of them and struck out (though there was really only one runner on base and he was too slow to steal) once. My failure was Trump’s December to remember. I thought it was the start of what we were experiencing now. Covid, obviously put a delay to what was inevitable. I really scored big during the tech bubble and shorted real estate during the housing bubble burst with many others here. Of course, I nailed the top of this one and am in a can’t lose position for this correction. I am fairly certain we aren’t even in the 4thd inning yet with this one.
As to what to invest in?
Put half into VUG, the rest into S&P and DOW index funds. If you want to lose money speculating. Put 5% into something you think will explode. But if it were up to me, and I know you, I would just put all of my money into a low cost time-based target fund since you don’t have the discipline necessary.
I thought the leaks about staff criticisms of Harris wasn’t that she refuses to be briefed (as in, listen to someone junior to her give a short lecture on a topic), rather it is that if you give her any kind of volume to read, she won’t dig into it – she might skim or just skip it.
If I understand the public convetional wisdom on this issue, Reagan wouldn’t read anything. You needed to distill anything to high level points and that’s what he would operate by.
In contrast, Bill Clinton apparently would read huge briefing reports and be prepared to dig in to conversations about decisions based on those reports.
I’m sure that we’ve all had both kinds of boss while in junior roles at work. I don’t think either is objectively better or worse for most things, just a personality preference. Junior staffers are the ones that need to adjust – if the boss wants one page, you work hard to make the most-effective one page in the world.
Nonetheless, whether due to briefing issues or personal disposition, I would say that even team blue would need to admit that the public’s perception of Harris based on her limited and curated public media appearances are pretty bad. Like, Lester Holt didn’t come to the interview that day with any “gotcha” questions or a negative agenda, lol, and she still turned it into an ugly sound bite (“I haven’t been to Europe either. What’s your point?”). Trump did similar lately by referring to the Ukraine invasion as “genius” – his words were twisted as always, but nonetheless it was bad poltiical instincts to even say what he did.
Now here is political manure..like many generations of WH have nothing to do with this problem. Illegal labor practices, unpunished outsourcing and H1B/H4 influx, Janet?
With inflation at a four-decade high, a U.S. government report shows corporate America has used its clout in the labor market to keep wages 20% lower than they should be, the White House said on Monday.
The report, prepared by the Treasury Department with help from the Justice Department, Labor Department and Federal Trade Commission (FTC), found companies had the upper hand in setting wages because they generally knew more about the labor market than workers do.
Further, workers may not be able to move or to afford an extended job search in order to find better-paid work.
“These conditions can enable firms to exert market power, and consequently offer lower wages and worse working conditions, even in labor markets that are not highly concentrated,” the report said.
U.S. Treasury Secretary Janet Yellen told a White House forum highlighting the report that workers are often at a disadvantage due to required non-compete or non-disclosure agreements; collusion between employers to keep wages low; or a lack of transparency that keeps workers unaware of prevailing wage rates.
“Ultimately these conditions cumulatively yield an uneven market where employers have more leverage than workers,” she said. “This is what economists mean when we refer to monopsonistic power” among buyers of labor.
Traffic stop (clot Edition):
https://www.youtube.com/watch?v=bkx-h5-r-4w
caption – What NOT to do with a police breathalyzer
Do we want a massively diminished “human gaffe machine” sparing right at the flashpoint and possibly contributing world security?
I don’t. I would rather he hide in his basement in rehoboth where he’s been since this started.
Bystander at 10:27 . . .
A lot can change before 2024, but it would be very surprising to me if Trump isn’t the R candidate.
In the predicit gambling markets on this question, one would need to put up $0.38 to win $1 to gamble that Trump is the R candidate. Desantis is at $0.27. No other contender is over $0.10. (Of course, things can change quickly in politics).
I think I’ve seen perception polls of R’s and Trump is by far the person with a commanding lead when registered R’s are asked who they favor for 2024. Amongst Republicans, Trump’s approval rating hasn’t moved much since 2020 election aftemath, Jan. 6, etc.
I’m not saying your post says this at 10:27, but I feel like it’s implied in there that Trump running would be some kind of anomaly. As of right now, it would not be. (To anyone responding to this – it is a horse race post not a post about what is right, wrong, smart, dumb).
On Harris.
Made some tough decisions as DA in CALI. Slept her way to the top. Stretched the truth about her upbringing and forced integration. Agree, she rubs you the wrong way when she speaks (might I add, in a similar fashion to listening to Trump). She is underqualified, undereducated and plays the race card with the best of them. Much like HRC plays the gender card. I don’t think she’s dangerous. Just not the best qualified.
Obama’s wife is not running. I actually thought she was great. Rarely did she play the race card and I had no issue with her trying to shield her family from the lunacy of our press. She has no interest in politics besides throwing in a motherly first lady or two quote in a radio or tv spot. Not sure where the Michelle hate comes from. She is not arrogant. Remember, as a member of a tiny minority in this country, you have to toe the line, which is an incredibly difficult job. I thought she did a wonderful job and had 100 times the intelligence of Melanoma Trump, who plagiarized her one speaking engagement that was over two sentences. Talk about a waste of a first lady.
Agree with most here. The parties have moved to far to the extremes
Juice, agree on Blinken. Although he must feel very lonely sometime, looking for someone else in this Administration at his level…
Phoenix, I won’t ever again allow a lawyer alone in chambers on my behalf, especially in Family Court…might as well let the car salesman in the adjacent desk at the car dealership negotiate with your car salesman on your behalf over price….
“There are way better speculative plays out there.”
If I had time today I would look at which stocks in the SPX had the best and worst return yesterday from open to lunchtime….the market was kind enough to give, around noon yesterday, a preview of where money flows will go the second any cessation of hostilities are anticipated….the index moved nearly 3%, individual stock movements up and down were more pronounced…if prices haven’t adjusted substantially already the market has literally told you with specificity what it intends to do….
Crushed: As for Harris skimming vs digging in, I think that is kind of splitting hairs. If she had any self awareness she would recognize she does not have any expertise or familiarity with any subject matter outside of perhaps the American legal system. Thinking she can skim through a subject area and then speak with any kind of expertise is arrogant and dangerous, not to mention embarrassing.
Is that a song by CCR Fogarty lead vocal?
Fast Eddie says:
March 9, 2022 at 8:43 am
Chubby Mary looking to make a score, just isn’t gonna happen.
Is that a song by CCR Fogarty lead vocal?
I think you meant Lou Reed. ;)
Pumps, those are two funds that will probable revert to mean since they both have been outperforming their benchmarks. Welcome to my old world. Unfortunately, these are probably your only choices for small and large cap. Small cap usually outperforms large cap at the beginning of a recovery but then large cap wins over extended periods of time. Especially in a rising rate environment where small can’t get the borrowing terms the large company can. So at start of recovery, I would go 50/50 for a a quarter or so and then start increasing the Admiral fund until it’s at least 75% of your portfolio. Then do something like 10 or 15% of the small cap and the remainder in the S&P 500. It’s the mix I’m in over the long hall.
Lib: Agree with you except the Trump/ Harris comparison. Trump is ignorant and a fool. Harris was portrayed as competent and serious and she along with Biden was a return of the grown up competent people to running the country. Well, that in my view is not the case. Biden is a political hack and Harris is an embarrassing fool. As for Michelle Obama, I agree. I also think she would have made a far better President than her husband, who I found to be arrogant, and pretty much an empty suit.
Last good President we had in my opinion was Clinton in spite of the scandals and corruption. Not saying much, but that’s how I view it.
Sewer pipe wasn’t bad. Maybe $500 in damage (holes need to be patched from when people ran their terracotta downspouts into the city sewer in the 30s and 40s). Should have the full inspection report on Friday for those following my antics at home.
Mathematically, don’t approach the table, and take the same money and invest it. The payoffs in the casino are not true to the odds, so the expected return in the casino is negative. The expected return in the stock market is positive.
Great write-up.
Libturd says:
March 9, 2022 at 9:28 am
So mathematically, which strategy is the best? The truth is, they are all exactly the same. The only difference is the variance. When you choose to stop simply changes the variance, not the expected value of the return.
Lib,
Thank you, man. I can’t say it enough. Your kids are lucky to have such a good guy as their dad. Hope they realize it. Not many people have that. It’s priceless.
crushed,
Not saying that it would be anomaly, I am saying that Rs would want to put candidate with most potential to win. You obviously don’t have to convince the cult. You have to convince millions of ‘on the fence’ voters that Trump is not a violent, malignant socio-path who did not abandon the country Nov – Jan while his insane rhetoric did not lead to 100s of police injuries and several deaths of police and a civilian. Old Grampy Joe won a fair election bc people needed the Werthers treatment and some comfort given Dumpy’s inability to provide sympathy, only ego-centered lies. 2024 maneuvering will be interesting. Biden and Harris run against Trump then good for Trump..the Ds have to look at that. If they don’t get that they need someone noble and less political then Trump could waltz in…I do see that.
re: VP Harris
The Munich Security Conference a few weeks ago was her first big foray into EU politics and well it will go down in the books as a big failure because well Putin invaded four days after her speech.
Look Biden knows what he is doing. He is giving her the difficult job of being blamed for his failures, there is no way she wants to do this Poland trip or deal with the border issues at home. It’s all just bad press for when she makes her move to be the next POTUS. Again Selma marches, black history month, race politics are her gig, heck green energy and electric cars that all sounds good some nice domestic issues not international ones like dealing with megalomaniacs with nuclear weapons.
The VP role traditionally has been president-in-waiting, there are no real governing duties. The VP did not even have an office in the West Wing until President Carter decided to give VP Mondale one in the 1970s. The role has since expanded a little GWB let Cheney run a war etc but what we have here now is another Dan Quayle. I cannot think of any media personality even on the lamest on housewives daytime talk shows that even begin to present her as a prospective president.
Let’s all hope Biden chooses a different running mate in 2024, it’s been done before. The party needs someone strong because Joe will need it if he actually wants to run again.
Harris getting eaten for lunch by her opponent.
https://youtu.be/Y4fjA0K2EeE?t=249
Completely inline with you 3B, but Biden Harris was marketed as return of grown ups to run the country. The moment in the campaign that Pelosi arranged for Biden to win was the moment I knew this term was going to suck. Pelosi, is just Mitch in a different outfit. Both are the biggest, most arrogant assholes that I can remember. Both are willing to lie directly to you and not blink an eye. They are as immoral as they come and hit below the belt with such regularity that you need not even wear a helmet when dealing with them. And it is surely Pelosi running Biden and Harris right now. They both owe her more than any president and VP could possibly owe someone with less power. You can see Pelosi’s touches on every Biden move. I actually think she believes she IS the POTUS. And she wouldn’t be wrong. Mad Mitch, he just plays friendly with whatever is the flavor of the month.
Trump is like Howard Stern in 1997 when he released Private Parts the movie. Excellent reviews, huge buzz and big send off. Then the movie performed – good, but eh…. Trump is wildly supported by about 40% of the country, but there is no way he ever gets back in the driver’s seat without a 1992 Clinton style plurality victory with GHWBush and Perot splitting the other party. Plus. Trump at this point is like a walking stroke victim waiting to happen.
Bystander says:
March 9, 2022 at 10:27 am
3b,
I don’t doubt King Oompa Loompa would try a return. His low-educated, Apprentice-loving racist cult are waiting to be entertained and not led. Still think it will be a different primary as everyone aware of tactics, Pence/Barr and other Rs are lining up against him given his mental instability. He has to account to Americans for endless lies/ 2020 conspiracy and violence of Jan 6. He is unstable. I also think Michelle Obama could lurk in background. Dems can’t just reward Biden/Harris in 2024. They may have to move on if Trump runs I do believe it comes down to how weak the Rs party is in allowing him to come back. They are very nutty and weak as we can all see.
Didn’t deny a single accusation against her. Speaks volumes.
But America chose the one on the left.
Deal with it.
Can’t be in public…. he has no control of his colon.
Fast Eddie says:
March 9, 2022 at 10:58 am
Having Biden in Poland would have been a major show of force…
Doesn’t have the energy. They don’t want world leaders, close advisors and followers to see him struggle. Too many eyeballs on the old man. He’s not up for it.
W NNNNNNNNNNNNNNNNN b c.
Chgo: Good analogy, hope you are right, that Trump is out in 2024. Question is who is in on the Republican side, and how does the Democratic Party show Biden/ Harris the door.
Chi,
In less than an hour we could give him a loop colostomy or a quick ileostomy.
Would that help?
Lib: I agree Pelosi running Biden/Harris, Mc Connell is awful as well. Pelosi is 83, and Mc Connell is well into his 70 s I believe. What are they still doing there??
I don’t Biden runs in 2024, or they get rid of him. Just a crap show all around.
Kamala was a sop to a couple wings of the Dem party. She was unqualified but some Dems demanded an affirmative action, DEI hire for VP. Just like the next Supreme Court Judge will be a DEI hire. Biden only got selected to be the candidate because he promised he’d do what the various wings of his party wanted. Nearly nobody wanted him, they just wanted him to beat Trump and deliver on the deals he made in return for the nomination.
The last two elections had three of the worst candidates for President ever. Pick your poison. I’m hoping 2024 offers less bad alternatives.
Mitch McConnell/Age
80 years
Phoenix: 80, 83, I just don’t understand why these old feckers still want to be there. Power? At their age what’s the point?
3b,
Same reason someone with 100 billion dollars feels the need to have 300 billion dollars.
It strokes their ego.
Last good President we had in my opinion was Clinton in spite of the scandals and corruption. Not saying much, but that’s how I view it.
Clinton sold and signed NAFTA, I think that drains him as terrible. I’d go back a lot farther. Eisenhower is my guy.
Here is a funny one:
Philandering U.S. Rep Van Taylor faces fresh embarrassment today as his former ‘IS IS bride’ lover reveals new details of her five-times nightly romps with the disgraced Texas lawmaker.
The GOP congressman dropped his reelection bid and confessed to a steamy eight-month affair with reformed jihadist Tania Joya — who claims he was ‘turned on’ by her dark past.
It was through her work that she crossed paths with Taylor, 49, a two-term congressman for Texas’s 3rd district, which is based around Collin County, north of Dallas.
They soon became friends and, from October 2020 to June 2021, lovers.
Joya claims that Taylor, a distinguished former Marine and Iraq war vet, was captivated and ‘turned on’ by her dark past as a ji hadi sympathizer.‘
He thought it was really cool that he was having sex with the First Lady of ISIS,’ laughs the petite fitness fanatic.
‘To be honest I haven’t been with a single guy in America who doesn’t think that’s a turn-on. It’s really sick but at the same time we would just laugh about it.
No One,
Please apply diversity and inclusion to religion and tell me why Rs, going back to Reagan, have exclusively chosen Catholics for the bench. The Rs can go eat a pile of sh&t on this issue. The Ds never go after this point either. The two huge identifiers is this country are race and religion yet Rs want to ignore their abhorrent behavior is pleasing only RvW religious nuts.
Geez,
I thought Texans and Repubs were about “family values,” and FREEDOM
Instead it looks like they are into cheating, wild romps with I si s chicks, making sure that a woman who wants control of her body can’t have it, and that workers will do what they are told to do at the price they want or they will control them legally.
https://nurse.org/articles/texas-bans-nurses-from-in-state-crisis-contracts/
The skill to make rain is rare and overcompensated. It is just truth. I learned valuable lessons when I worked for a Web 1.0 start-up. One hour of the right person, in the right place, at the right time could keep 30 highly compensated and smart people busy for six weeks.
You (lib) can see right through them. You (lib) can function effectively without them, but to denigrate their role and importance is an intellectual short cut. It sucks, but thems the facts. Again, yes they are overpaid.
Libturd says:
March 8, 2022 at 10:30 pm
I have a lot of friends who work on Wall Street and make A LOT of money. Fund managers, accountants, analysts, etc. They all have three things in common. They all dress for the part, are aggressively over-confident, and they all talk such a good game that they actually believe their own bullsh1t. Some happen to be quite intelligent, I won’t lie. But there is nothing really special that they do besides package and sell debt (leverage). They are the moneychangers of the modern time. And they have the vast majority of us fooled.
If there is one thing that the internet and cell phone camera recordings should have made clear to Americans by now is that they are not as “free” as they thought/think they are.
Let’s just say that Freedom is eroding in America at a relatively quick pace.
BRT: In away from NAFTA I should have added. I was thinking in more recent times, say the last 30 years.
How much is Biden gonna pay to get these guys out and grab some Venezuelan oil?
Must be a big chunk of our taxpayer dollars to get the first two free:
Cardenas and the other U.S. oil executives were hauled away in 2017 by masked security agents who stormed into a Caracas conference room.
The six were convicted of embezzlement in 2020 in a trial marred by delays and irregularities.
They were sentenced to between 8 and 13 years in prison for a never-executed proposal to refinance billions of dollars in the oil company’s bonds.
“Both parties need to offer Americans a moderate centrist candidate, that might actually be able to accomplish things for the benefit of all Americans.”
“Agree with most here. The parties have moved to far to the extremes”
I’ll take the other side….consensus among the long time moderate centrists caused this mess….most people have difficulty focusing on politics outside of the most recent Presidential cycle. Look back over decades, your moderate centrists ‘accomplishing things’ are the base of your current problems…Romney, McCain, Cheney (the dad), Bush(es), Kennedy, Kerry, Schumer….
What’s needed is someone outside that mainstream….for those on the Right the policies of DJT without DJT the person.
For the Left, I don’t know, would like to say Bernie without the looniness but he sold out. A Tulsi Gabbard who can make it through the DNC? A Mikie Sherrill with experience but not yet co-opted? Dems will have a higher wall to climb for any candidate outside of the DNC favorite given the Party still hangs on to superdelegate voting at its convention and therefore the selection of the candidate, regardless of what the primary voters say.
I truly do not want a bunch of centrists in government ‘getting things done’. That frankly scares the living shit out of me.
Phoenix: Perhaps, I would think at their age they might just want to enjoy themselves.
Translation: America wants to be in full control:
An international businessman familiar with the discussions said that the U.S. wants Venezuela to open its industry to American companies and give them more leeway to operate, without having to enter into ventures with PdVSA. In return, the U.S. says it can provide the investments to raise production while helping reintegrate the country into the world’s financial system.
We need to win this side of the globe to be relevant.
3b,
Always said, it has to be the best job in the world if you would want to die doing it rather than retire.
I don’t know of any people that at some point don’t wish to retire from their careers.
It’s like crack cocaine to them. They are so addicted the thought of leaving it causes them to go into withdrawal.
Rank choice voting would be the way to go.
But then there would be even more tears shed over “stolen” elections.
America doesn’t trust itself cause it knows itself.
On Ukraine, the legacy of mistrust created by the US invasion of Iraq and the twisting of stories by the msm . . . and how these things are perceived by regular Americans:
“I’m not going over there [to fight in Ukraine].” – Bryce Mitchell
https://www.youtube.com/watch?v=PP9yWztWSag
“but to denigrate their role and importance is an intellectual short cut. ”
I trust you, but I still have trouble with this one. Are we better off with debt? It’s kind of like the same argument about socializing health care. Are we better off paying the huge bureaucracy/government for healthcare or the middle man/insurance company. In theory, it would be much cheaper to just pay them a la carte and have say, personal bankruptcy in place if you encounter a catastrophic illness.
Look at my old town Montclair. They had so much bonded municipal debt that 22 cents of every dollar collected in property taxes went to pay for the debt service. If the debt vehicle did not exist, at this point, Montclair would have been able to spend so much more on capital investments. The only difference Wall Street offered them was the ability to get what they needed sooner. Now they will pay for this speed many times over.
The products Wall Street offers are sold to us as necessary so builders can build, car salesman can purchase inventory, school book publishers can expand and make more books available. But is it worth the cost of the cleanups. Is it worth the increased cost of the school books? Could I have waited longer to buy my new car?
It’s a tough question to answer. From my perch, I think Wall Street needs massive regulation to balance the playing field a bit and to stop their constant immoral methods of separating fools from their wallets. I feel the same way about our lack of anti-trust oversight.
Im my utopian world, every quarterly report would be XML based. You would be able to compare public company’s books, side by side, without a fee. It’s like H&R Block. 98% of the population can do their own taxes yet only 43% choose to. The government should be subsidizing these tax preparation outlets. Too many people being ripped off.
And not a word about this bounce ChiFi. Not at least until we get back to 13,750.
Bear market rally
I found the right centrist candidate to run in 2024.
https://www.youtube.com/watch?v=l6i-gYRAwM0
This one is different. I see this sort of behavior often at the individual level. Decision makers often know damn well what they should or should not do. However, the financial considerations seem to be of prime importance to you, but are WAY down the list. We coulda, shoulda, woulda….. it doesn’t work that way, and it never will.
Analytics, pragmatism, self-discipline. For those that have it, everything seems obvious, but that is why so many are truly lost, and will never be found, nor do they want to be found.
Actually, in 2020 the above is now characterized as white institutionalized racism, so it gets suppressed further.
Libturds says:
March 9, 2022 at 1:05 pm
“but to denigrate their role and importance is an intellectual short cut. ”
I trust you, but I still have trouble with this one. Are we better off with debt?
Look at my old town Montclair. They had so much bonded municipal debt that 22 cents of every dollar collected in property taxes went to pay for the debt service. If the debt vehicle did not exist, at this point, Montclair would have been able to spend so much more on capital investments. The only difference Wall Street offered them was the ability to get what they needed sooner. Now they will pay for this speed many times over.
Could I have waited longer to buy my new car?
In the last few years, we’ve had”
1) Global Pandemic
2) War
3) Famine (approaching – no wheat)
What’s next? Locusts? Frogs? Fire from the sky?
Eddie,
Spiders: https://www.axios.com/local/washington-dc/2022/03/09/giant-joro-spiders-east-coast-may
Lib, first, still positive on WRK?
On your posts…you seem fixated on debt…from the investment banks’ perspectives it’s pretty low on the totem pole…especially the muni debt you mention…the margins are so thin, the numbers are so small, and the tail risk so large many major institutions shuttered their departments…just wasn’t worth it.
Investment grade debt was so pedestrian even twenty years ago I would sometimes hear about an issuance for one of my clients from them calling me, complimenting the desk…was not even consulted, client would call the desk directly, the desk would burp a new issue out and the revenue would just show up on my sheet…..
Swaps, derivatives, synthetics, prop trading desks, prime brokerage, anything bespoke, M&A, equity issuances…..those are some of your higher margin products. And where there is value added. You do any of those well, on the revenue generation side, yeah you’ll bang down serious money. But most importantly the best banks/bankers aren’t ‘product’ people….it’s all about the relationship.
harry,
Nice!! Signs of the apocalypse continues!
Fast
How about
https://news.yahoo.com/president-pelosi-trends-nikki-haley-170547791.html
Will Inflation Stay High for Decades? One Influential Economist Says Yes
Charles Goodhart sees an era of inexpensive labor giving way to years of worker shortages—and higher prices. Central bankers around the world are listening.
https://www.wsj.com/articles/inflation-high-forecast-economist-goodhart-cpi-11646837755?mod=hp_lead_pos5
When the global economy tanked in March 2020, the rate of inflation looked like it was heading to zero. That made it a surprising moment for former U.K. central banker Charles Goodhart to predict that inflation would hit between 5% and 10% in 2021—and stay high.
Mr. Goodhart reasoned that a seismic shift was under way in the world economy, one that fiscal stimulus and the post-pandemic recovery would only hasten. A long glut of inexpensive labor that had kept prices and wages down for decades, he said, was giving way to an era of worker shortages, and hence higher prices.
“The coronavirus pandemic will mark the dividing line between the deflationary forces of the last 30 to 40 years and the resurgent inflation of the next two decades,” said the 85-year-old economist in an interview. He predicted that inflation in advanced economies will settle at 3% to 4% around the end of 2022 and remain at that level for decades, compared with about 1.5% in the decade before the pandemic.
Mr. Goodhart’s theory about how shifting demographics are squeezing the labor force and pushing up prices has drawn the attention of central bankers in the U.S., Europe and China—and has kicked off plenty of debate about whether he is right. Major central banks including the Federal Reserve and the European Central Bank have expressed alarm about inflation’s surge and are laying plans to try to squelch it.
His idea is “definitely something that worries central banks,” said Willem Buiter, a former central banker at the Bank of England. If Mr. Goodhart’s theory is correct, he said, “then they’re all behind the curve and should not just be thinking of cutting their balance sheets more rapidly, but doing so and raising rates more rapidly.”
Some, including Gita Gopinath, first deputy managing director at the International Monetary Fund, have expressed doubts whether the long-term inflation picture is as dire as Mr. Goodhart thinks. She said declining numbers of workers and rising retirees could instead drive inflation lower, pointing to Japan as an example.
Beer,
Lugosi as prez, that’s scary!
AT&T was a ML/Solomon for years…… suddenly Mike Armstrong became our CEO and his college roommate was a GS banker. Also, a new CFO was hired and the coverage lead from CSFB was a mid-40’s raven haired woman who wore bright red dresses, showed cleavage and would wink and every man. Our CFO was Canadian, would have hockey games on in his office and had a stash of JWB in his desk. Anyway, we instantly morphed into GS/CSFB. I was like WTF?
leftwing says:
March 9, 2022 at 2:49 pm
But most importantly the best banks/bankers aren’t ‘product’ people….it’s all about the relationship.
No capitulation. Look at this stupid sh!t. People need to be ground up into dust in order to learn.
https://finance.yahoo.com/news/investors-pour-into-cathie-woods-arkk-despite-funds-downturn-194542894.html
Libturd says:
March 9, 2022 at 1:08 pm
And not a word about this bounce ChiFi. Not at least until we get back to 13,750.
chicagofinance says:
March 9, 2022 at 1:38 pm
Bear market rally
Left,
I currently own three stocks. Combined, they are worth about 40K. That’s it. I had almost all high p/e stuff juicing my index ETF returns and knew to sell most of them off in November and December. I started with the highest P/E stuff and was pretty much finished by the end of December with the better valued stuff. Currently, I own 26 worth of Apple. 2K worth of FSR (a highly speculative electric car company, which has an absolutely beautiful model currently ramping up manufacture, and my WRK, which I’m down 8% on now. I still like them long-term and will probably just ride this one out with those three holdings. Otherwise, I’m in cash. my 401K (the big daddy) is still about 70/30 stable to long. My 30 is a mix of large cap, small cap and international. I am down 6% on the year. Probably a hair less after today.
“No capitulation. Look at this stupid sh!t. People need to be ground up into dust in order to learn.”
I see it every time I step into a casino to make money. Are you aware that they added a triple 0 (92.3% EV) to the double 0 (94.8% EV) and single 0 (97.3% EV) roulette table inventory. And people still clamor to get on those tables because they are $5 minimum.
no TAIL yet Lib? I’m waiting on this bounce to finish and moving on to S&P, QQQ inverse etfs. Going to go back into inverse Russell as well. I’ll do a little SARK again but there’s only so much juice you can squeeze out of a lemon, unless the inflows keep giving her firepower. Some hype stocks still have a ways to fall but I don’t think it’s going to be as easy here on out. Reversion to the mean still seems like the flavor of the year for everything non-commodity related.
jj Lives:
https://www.stripperfinancialplanning.com/
I’m a conservative old man, I suppose. I dabbled in TAIL and broke exactly even. It should make you some good dough in the longer run, but it seems to suffer from the same morning repricing that the Short ETFs do.
That stripper financial planner is very bright. She is going to make an awful lot of money at $350 a month per stripper. Especially once the word gets around. Jealous?
Crushed.
Interesting video. Now all he has to do is investigate and educate himself on what is happening.
Of course, he is right as there is a strong current running underneath the surface.
There is definitely more than meets the eye.
Putin felt like this is a last resort, a last stand.
Then the guy has to listen to this verbal diarrhea:
https://youtu.be/ud9pvICAXdQ?t=372
I wonder if Hillary would consider her a misogynist.
“Rep. Mary Elizabeth Coleman (R), would allow private citizens to sue anyone who helps a Missouri resident obtain an abortion out of state.”
To those who wish to donate to the cause:
“My team is building a BRAND NEW Trump Force One.’
The email then gives donors the option to ‘see Trump Force One’ by clicking on a hyperlink, which takes them to a page where they can donate between $5 and $2,000 to the Save America JFC PAC. That page does not contain any photos of Trump Force One.
Lib, this is hard to explain. The market is all knowing. What do these people know that no one else does? That’s insane flows coming in. And it hasn’t stopped…
“And $ARKK keeps hauling in cash, one-month flows now up to $1.1b, which is Top 15 (1%) among all ETFs.”
https://twitter.com/ericbalchunas/status/1501551034224848898?s=21
The market is not all knowing. That’s how we get to these scenarios. This is easily explained. 12 years of nonstop ZIRP and purchases have conditioned investors to buy the dip, every dip. But with inflation finally here and looking terrible, we’ve reached our limits.
BRT – Almost 14 years…….going to be a lifetime before it gets above 4%
Lib, speaking your language.
“What if most of the “growth stocks” that have been hammered weren’t ever actually “growth” companies and were simply shitcos that benefitted from late stage bull market speculation?
And what if most of them NEVER come close to recapturing their 2021 highs?”
https://twitter.com/rjrcapital/status/1501379290369343493?s=21
yeah well, that’s how bad it’s been. I can’t even keep track anymore. All I know is, I’ve been preparing for the market events unfolding since around 2005.
So Donnie still cant afford a new engine for his plane.
Lots of dumb posts in here over the past few days. PolSci 101 and West Point Tactics for beginners. Strange to see the Michelle O love, given the Racist abuse she got in here from some posters, but the misogamy overall is still high.
Joe and Kamala are doing a great job with Ukraine. Vlad is getting squeezed on his foreign ccy reserves and the debt defaults will start next month. Russia is going North Korea and it will be interesting to see if the populace stands for it. I think we are done by June.
I disagree with “The parties have moved to far to the extremes” The Dems have not. For them to have done that, you would see Bernie calling the shots. The Dems are where they have always been right in that middle where a lot of you seem to hate. Reports today on how the CBO are projecting the deficit to shrink this year, Fiscal Responsibility is what happens when Dems are in control.
The GQP have gone to the extremes and you can blame that on Bush 2, he sold it all to the Evangelicals to get elected. Trump just made it ok for the base to say what they really thought. They have gone so far right they make St Ronnie look like a Socialist. There a lot of people in here who would be old school GOP, but are now without a party. Go back and reclaim your party or pull the lever for Trump. You don’t get a choice in what the Dem Party should or should not be. Its either a safe haven for your or its not. Your Call.
BRT – re: “keep track anymore”. It’s a marathon as long as you stay hydrated you will be fine. BTW- I am headed to Bergenfield Sunday for the St. Patrick’s day parade. Should be a fun, lots of family and friends I have not seen in a while etc. Spoke to a few tonight it seems we all survived Covid and are back to normal now, and soon it will be like it never happened…
The judge has spoken. You need to follow the law in America.
“The US Navy has faced backlash following the revelation that one of its multi-billion-dollar warships on America’s east coast has remained docked and ‘out of commission’ because it’s commanded by an officer who refuses to get the COVID-19 vaccine for religious reasons.
An ongoing legal battle between the US’ Department of Defense and the unnamed officer has left the battleship docked and unable to deploy, as officials from the military branch look to nix the serviceman for the refusal – despite a federal judge’s recent ruling that he can’t be fired for declining the vaccine on religious grounds.
On Wednesday, Republican officials reacted with ire to news of U.S. District Judge Steven Merryday’s ruling, first reported Friday by Slate.
The serviceman subsequently sued the Department of Defense – and President Biden – along with nearly three dozen other unnamed US soldiers, in a civil suit that alleges the soldiers’ constitutional rights were infringed upon due to religious exemption denials.
Last month, a federal judge ruled the Navy could not remove the officer from his post, despite his superiors’ claims that they had lost faith in his ability to lead as a result of his actions, saying the serviceman’s religious objections to the vaccine are protected by federal law.
On Thursday, Merryday denied the Department of Defense’s request to halt the injunction, which argued that the commanding officer cannot be trusted to enforce orders to his 320-sailor crew if he does not abide by those orders himself.
Navy officials had written in their appeal of Merryday’s decision, filed February 28: ‘By forcing the Navy to keep in place a commander of a destroyer who has lost the trust of his superior officers and the Navy at large, this Order effectively places a multi-billion dollar guided missile destroyer out of commission.’
Phoenix – The chain of command is in itself challenged here. That ship will never leave dock with that captain regardless of what a judge says.
Juice, lots of good Irish in Bergenfield back in the day. My grandmother was Irish and most of my friends there are either Irish or Filipino. St. Paddy’s day was always great. When I lived at the shore, I would drive there to do Tommy’s. Was more fun than the shore IMO.
“What do these people know that no one else does?”
The masses are asses. Look at the last two presidents elected. Do you do your own taxes?
BRT – I am also headed down to Spring Lake for the Friendly Sons GTG on Friday. All good stuff as well heritage is important..
Juice,
It’s fun to watch it play out though. The American Justice system vs the American Navy.
My tax dollars hard at work.