Where did they all go?

From the NY Post:

Startling data reveals how many people have fled NYC during COVID pandemic

The Big Apple’s population has been hollowed out during the COVID-19 pandemic — with Manhattan suffering the biggest population decline among all US counties, according to grim census data released Thursday.

New York County saw its population plunge by 110,958 or 6.9% between July 2020 and July 2021 — coinciding with the coronavirus pandemic.

New York City accounted for four of the top US counties with population losses.

Hudson County in neighboring New Jersey also landed in the top 10, which means the NY metropolitan region accounted for five of the top 10 counties with population losses.

Brooklyn’s population declined by 86,341 residents or 3.5%, the sixth worst percentage in the nation.

The number of residents in “the boogie down” Bronx sunk by 41,490 or 3.2% — the eighth highest percentage drop.

Queens County followed in ninth place with a 3.1% decrease, or 64,648 population loss.

Meanwhile 20,192 people fled Hudson County, or 3.1%. During the 12-month period, the city’s population as a whole plummeted by 3.5 percent or 305,665 people.

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

78 Responses to Where did they all go?

  1. grim says:

    NJ’s mismanagement of recreational marijuana is an absolute joke. They need to get out of trying to manage production capacity and supply.

  2. grim says:

    Based on what I’m seeing, this seems like a concerted effort to continue to extend and drag out opening dates, so that all the small applicants will go out of business before they even open.

    In many cases these people have signed leases, borrowed money, may already be making loan payments back, they may have quit other jobs in anticipation of opening dates, hired staff, started building out storefronts, or have completely built out businesses. Undercapitalization is the single biggest point of failure for these businesses. Even if they eventually get granted a license, they delays will have so cut into their funding that it constrains their ability to operate, and eliminates all buffer they might have had.

    As a small business owner that had to wait more than 11 months for the State of NJ to grant me a license (a license that the federal government granted in 27 days), which included paying tens of thousands of dollars rent on a vacant building, having absolutely zero insight into approval dates, etc etc. It was tough for us, and we had all the opportunity to be able to continue to float the business. I have a hard time seeing how these folks are going to do it.

    I mentioned it here, we went down the path of pulling together an application, including laywers, business entity creation, requisite $20k application fee. We decided to pull the plug and wait it out, because we felt there was a better opportunity to move into the market after some licensees were shaken out. Going to be far easier to approach someone as an investor, after they’ve gotten a license. They might even walk away from the deal feeling like they made a little money. There is no real first mover advantage in this market at this point, so why pay a premium to take that risk? I have zero doubt that a good number of licenses will be granted to entities that will simply not be viable. This is the way. C’est la vie.

    By the way, it was all of our wives as principals in the business.

  3. Ex says:

    NJ and for that matter CA are over regulated cesspools of corruption.

  4. Crushednjmillenial says:

    Archetype:

    Manhattan resident with wife and kids. High up in corporate totem pole or principal in business. Owns $1-3M Manhattan apartment. Owns also a vacation home. Since COVID, he and family have resided in vacation home, BUT still owns the Manhattan condo or co-op which sits VACANT. That’s the population loss in Manhattan. With smaller $$$ numbers, same for Brooklyn. For some, they bought a house in FL or SC, but are still keeping the Manhattan condo for now.

    The article points out reduced international arrivals during the pandemic year. That is over. The new Dominicans, Jamaicans, Bengladeshis, Gambians, and Salvadorans have been coming, no problem.

  5. chicagofinance says:

    Citigroup offered a new Fed Rate call. 50 bps in the next four meetings and 25 bps in the fifth. Terminal rate 350-400. Interesting…….

  6. chicagofinance says:

    sorry 350-375

  7. 3b says:

    BRT You are right, out of wedlock births are becoming more common, especially among 40 and over professional women. It’s a different story with young women in inner cities or in rural areas who have children and sometimes multiple children out of wedlock with one or more men. For them it’s a life sentence of poverty.

  8. 3b says:

    Larry Fink of Blackrock says the Russia/Ukraine war is the end of globalization and we are in for tough times ahead.

  9. 3b says:

    Chgo: Market won’t like 50bp hikes of 4 in a row. And even then that won’t be enough

  10. grim says:

    Larry Fink of Blackrock says the Russia/Ukraine war is the end of globalization and we are in for tough times ahead.

    I think yes and no. This is going to be driven by treaties, alliances, and trade blocs, as opposed to free market. We’re setting the stage for the next two decades of geopolitics, and what you are seeing right now are the teams getting picked.

  11. leftwing says:

    Fabs…In the common interest of closing the loop….

    First, those pesky things called facts…Your original post asserted that five or eight US Senators are “traitors” and a “Russian sleeper cell”. Regarding DJT the assertion was he “laundered money for the Russian mob, his life’s work”. Direct quotes.

    You have now disclaimed the former. Regarding the latter, the Politico article you decide to reference provides zero support for the assertion of DJT money laundering. Or for that matter no specific evidence of other criminal activities including him being a “Russian agent”. I took the time to read the article.

    Politico uses about 60 paragraphs to painfully recount general historical Cold War context and what anyone – from athletes to business executives – may expect while visiting a hostile foreign nation be it the USSR in 1987 or China 2022. There is no assertion of any specific misdeed by DJT – let alone money laundering for the Russian mob.

    Since it seems important to you, I’ll note another of your sophomoric snarks that notwithstanding the discrediting of your post I am somehow ‘running’ from this discussion.

    On this point let’s be clear I am not running from discussion, I am running from you.
    I’m on this forum for the diversity of view, opinion, and background. It is of value to me. I appreciate, while often concurrently disagreeing with, posters like Ex, Bystander, and 30/40/Old. They bring new (supportable) facts, viewpoints different from mine on those facts, and reasoned debate.

    You are entirely the opposite. Listen, I don’t know what you do for a living but the framework with which you approach discussions here would have you fired on the spot in the most junior of positions in any venue I worked. I hope you have good employ, value it and stay in that lane. I truly wish you well, I hope you are happy and fulfilled each day and healthy, and your family the same. There is no animosity or anger here. Just a recognition on my part that any meaningful discussion with you is futile and entirely a waste of time. Literally anything else I could possibly do with this time – picking sock lint from under my toenails – makes me better off than debating with you.

    So, no more substantive responses from me to you. Have a nice day and weekend. Sincerely.

  12. Juice Box says:

    NJ as usual cannot take the lessons learned from California or Oregon. They need to go and make their own mess of it as usual.

    Haven’t about 1/2 the NJ suburban towns banned recreational sales via store fronts for weed? You may still need to go to the hood to get it because of the way they are prioritizing licenses and no delivery either it seems. Anyway who wants to be seen queuing in a line at the weed dealer next to the local Starbucks? When will delivery be allowed?

  13. 3b says:

    Grim: Your view makes sense. Time will tell, but I do agree countries need to be more self sufficient and not be so reliant on other countries for goods/ products. I can also see why the Blackrocks of the world won’t like this if it really is an end of globalization.

  14. grim says:

    Ironically, it will be Asia that loses most if Blackrock’s vision becomes reality.

    I seriously doubt we’ll see further fracturing of the EU at this point, as well NATO overlaying. We now have a Europe that’s been more unified than perhaps ever before in history. They clearly see that their strength comes from their scale.

  15. Juice Box says:

    Russian Defense Minister missing now for over a week.

    Seems the Ukraine’s counteroffensive around Kyiv has partially cut off as many as 10,ooo Russian Troops. Some are speculating they will all surrender or face annihilation. A Pentagon report said they are retreating even on the east and north of the city backwards an additional 20 miles over the last few days from their closest positions to Kyiv.

    Biden is in Poland today. Does he have the stones to go to the border and perhaps even cross?

  16. Old realtor says:

    Juice,

    There are already several medical dispensaries operating in suburban areas. Paramus already has a medical and I believe there are plans for a 2nd dispensary in the works. I believe it is upwards of 75% of municipalities that have banned cannabis sales in NJ.

  17. leftwing says:

    Grim, your references to license is your hooch joint, or did you attempt the cannabis route as well? IIRC from prior conversations you were more interested in production rather than retail?

  18. Juice Box says:

    re: Blackrock’s vision.

    Yeah could be way worse than that how about the end to dollar hegemony? The global financial system is about to have a reckoning. Oil, Natural Gas and Coal in rubles or yuan folks….The OPEC nations along with many asian nations are not a part of the russian sanctions and never will be.

    Don’t buy real estate near the ocean. Global warming and goals of reducing C02 emissions now will be out the window completely. Asia is home to 60% of the world’s population and about half of global manufacturing. Coal used for electric generation is growing massively rather than shrinking. Over the next few decades they are going to burn more coal than the western countries every did. India and China, Indonesia, Pakistan as well as others will take every last drop of Russian oil, gas and coal at a discount. They cannot continue to lift their people out and up from poverty without it.

    “UDANGUDI, India/TOKYO, Oct 29 (Reuters) – On the coastline near India’s southern tip, workers toil on a pier carrying a conveyor belt that cuts a mile into the Indian Ocean where the azure waters are deep enough for ships to berth and unload huge cargoes of coal.

    The belt will carry millions of tonnes of coal each year to a giant power plant several kilometres inland that will burn the fuel for at least 30 years to generate power for the more than 70 million people that live in India’s Tamil Nadu state.

    The Udangudi plant is one of nearly 200 coal-fired power stations under construction in Asia, including 95 in China, 28 in India and 23 in Indonesia, according to data from U.S. nonprofit Global Energy Monitor (GEM).”

    That is under construction now. There are hundreds more planned as well.

    https://www.reuters.com/business/energy/cop26-aims-banish-coal-asia-is-building-hundreds-power-plants-burn-it-2021-10-29/

  19. 3b says:

    Grim: Agreed on the EU unity comment. And the left in Europe will be silenced after their years of rhetoric that the USA is their enemy and the enemy of the world. The boogey man is real and it’s Russia, right in their backyard.

  20. leftwing says:

    “Larry Fink of Blackrock says the Russia/Ukraine war is the end of globalization and we are in for tough times ahead.”

    LOL, I think it depends on which side of “we” one resides….

    The “we” who were decimated by offshoring of manufacturing and JIT over recent decades? May do better…

    The “we” who financed these endeavors and used the contacts, experience, and leverage to expand their businesses overseas (ie, Larry Fink)? Yeah, may sting a little….

  21. 3b says:

    Old: I believe I heard one is opening in Oradell too.

  22. SmallGovConservative says:

    Very interesting, articulate article on the Ukraine war. Most interesting I think, is the ‘Who Is To Blame For War In Ukraine’ chart — and most interesting item within the chart is that 20-25% of Americans blame the USA. When there’s significant disagreement on something so seemingly uncontroversial — Russia/Putin is obviously to blame — makes you wonder if this country will eventually find a middle ground and become more cohesive, or whether it will literally pull apart.

    https://www.bloomberg.com/opinion/articles/2022-03-25/for-markets-and-ukraine-good-scenarios-have-gone-and-risk-assets-are-a-gamble?srnd=premium

  23. Juice Bxo says:

    re: Paramus. I am not looking to buy or smoke weed medical or recreational. I was perusing the state web site seems delivery will eventually be allowed “Class 6 Cannabis Delivery” license.

    But anyway it seems the retail licenses will go to the hood first. Poor convicts get the first shot. New standard for license approval is ” Social Equity Business” Here is the law below from the NJ website.

    “Please see N.J.A.C. 17:30-6.6 for a complete list of criteria to qualify as a Social Equity Business. To claim SEB status, a business must have more than 50% of its ownership meet one of two criteria: (a) have lived in an Economically Disadvantaged Area for five of the last 10 years and have a household income 80% or less of the average median household income in New Jersey, or; (b) have been convicted of at least two disorderly persons offenses or at least one indictable offense related to marijuana or hashish.”

    But to Grim point you need to have a business setup already and well funded including hiring people ahead of time. Very few people will have a 50% owner in an LLC with a Social Equity Business license with partners who have the cash to fund the startup ahead of time.

    Here is how it’s going to be prioritized for first shot at licenses.

    https://www.nj.gov/cannabis/businesses/priority-applications/index.shtml

  24. Yo! says:

    Recent census figures, especially at county and soon-to-be-released municipal levels, will be less accurate than they had been in the past. The decennial figures are the most accurate because they are based on actual counts including counts at homeless camps and POS capes stacked with illegals.

    The intercensal figures use a less thorough estimate method and become less reliable as time passes from the decennial census base year.

    Covid messed up the 2020 count. The effort ground to a halt exactly when it should have been at its busiest, spring 2020. Forms could be sent because the printing contractors shut down due to lack of staff. Lack of a reliable 2020 baseline will cause inaccuracies until 2030.

    Look at Hudson County. The 2010 to 2019 figures make sense. But the 50,000 jump from 2019 to 2020 doesn’t, and who knows about the 2020-2021 drop.

    2010 635,652
    2011 645,634
    2012 652,348
    2013 657,047
    2014 660,240
    2015 664,492
    2016 668,588
    2017 672,826
    2018 671,931
    2019 672,391
    2020 722,655
    2021 702,463

  25. Trick says:

    6 houses recently went on the marked in our neighborhood, 5 have pending offers and the 1 the doesn’t needs a lot of work. All mid 500 to 600 range. Lets see if and were they close.

  26. Boomer Remover says:

    Saw Billy Joel in garden last night. Excellent show!

    I sent some pictures of 20,000 unmasked people singing along to my sister in law who is locked inside an apartment in Shenzhen. Zero covid is an untenable policy.

    The sht going on in the subway after hours though….wow. Calmly watched a crackhead clean her crotch and then rip the face off a living zombie. It’s not that I didn’t see this in the 90-00’s, it’s just that it is everywhere now.

    I’d surprised if more than 10% of Americans could point to Ukraine on a map before this conflict.

  27. chicagofinance says:

    Ten touched 246.9 bps.

    Buyers are going to be in shock.

  28. Fast Eddie says:

    Chi Fi,

    Ten touched 246.9 bps

    What does it mean?

  29. The Great Pumpkin says:

    At 2.5 now…this market is f/ing crazy. Wild times.

  30. BRT says:

    you guys are gonna laugh…King Phil literally walked through my class an hour ago

  31. Juice Box says:

    breaking…U.S. President Joe Biden will travel to a town near the Polish-Ukrainian border on Friday, in a bid to signal Western unity against Russia’s onslaught.

    It’s nearly 5 PM should be dark in an hour.

  32. The Great Pumpkin says:

    That’s funny. Why was he there?

    BRT says:
    March 25, 2022 at 11:47 am
    you guys are gonna laugh…King Phil literally walked through my class an hour ago

  33. chicagofinance says:

    The 10 year U.S. Treasury bond sold off (fell in price) so that the yield ROSE to 2.469%…… the yield seems to have topped out at 2.503%.
    https://finance.yahoo.com/quote/%5ETNX?p=%5ETNX

    Investment grade paper is quoted on a yield basis. High-yield/junk is quoted on a price basis.

    Fast Eddie says:
    March 25, 2022 at 11:10 am
    Chi Fi,

    Ten touched 246.9 bps

    What does it mean?

  34. Juice Box says:

    BRT – you stepped out of the pic for the tweet. It’s on his feed.

    https://twitter.com/GovMurphy/status/1507373485454155787?cxt=HHwWloCzhduMouspAAAA

  35. chicagofinance says:

    As an aside, the Ten is the pricing bond for mortgages (among many other things).

    Mortgages do not move in lock-step with shifts in the Ten. However, there is a strong correlation. As much as mortgages price with a spread off the Ten, they are still two different markets of buyers and sellers. Also, the Ten is structured to be held to maturity (of course it can be bought and sold after issue). Mortgages have an embedded put (option) feature (i.e. prepay your mortgage), where the borrower can end the contract at their discretion. So the spread in yield between the Ten and mortgages reflects both a difference in the credit profile (full faith and credit of U.S. versus borrower with real estate secured) and also the embedded put that the borrower holds.

  36. 3b says:

    2 houses in my town went UC, and now back on the market; have not seen that in a long time.

  37. chicagofinance says:

    sorry….. the embedded put also explains why sometimes as the Ten moves, the price of mortgages can lag, because the value of the put shifts depending on the prepay potential that exists in the pool. That is a plain English way to describe mathematical calculations.

  38. grim says:

    Pending home sales sink in February, setting a grim tone as housing market enters key spring season

    In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the National Association of Realtors.

    Sales were down 5.4% compared with February 2021. Analysts were expecting a slight gain. This is the fourth straight month of declines in pending sales, which are an indicator of future closings, one to two months out.

    Since this count is based on signed contracts in February, when mortgage rates really started to take off, it is a strong indicator of how the market is reacting to the new rate environment, especially as it is entering the crucial spring season.

    Rates began rising in January and continued sharply higher in February. The average rate on the 30-year fixed mortgage is now more than a full percentage point higher than it was one year ago.

    Regionally, pending sales rose 1.9% month to month in the Northeast but were down 9.2% from a year ago. In the Midwest, sales decreased 6.0% for the month and were down 5.2% from February 2021. In the South, sales fell 4.4% monthly and 4.3% annually, and in the West they were down 5.4% for the month and 5.3% from a year ago.

  39. Fastidious Eddie says:

    2 houses in my town went UC, and now back on the market; have not seen that in a long time.

    It means the tubby f.ucks selling their smelly dump refused to fix a few things based on reasonable request so the younger, fit and attractive couple decided they’ll look elsewhere.

  40. BRT says:

    BRT – you stepped out of the pic for the tweet. It’s on his feed.

    haha, I most definitely did

  41. leftwing says:

    Fun with graphs…

    https://imgur.com/ToJ4V2P

  42. leftwing says:

    Fun with graphs v2.0

    https://imgur.com/6yL1YV9

    Works for ’29, dot.com, BTC….pull a graph of the current bull from mid-2010 and snap a trend….

  43. Trick says:

    Yemen missile attack on Saudi oil, that’s what we needed

  44. The Great Pumpkin says:

    This market makes no sense. Yields went from 1.5 to 1.75 and high growth got destroyed. Rates go from 1.8 to 2.5 and the market goes up. Okay then…

    Sooner or later, this market is going to get rocked.

  45. Bystander says:

    Demographics and generational demand are driving this market, can’t you guys see?Millennials are making a killing with their high salaries so it makes sense that NJ and NYC real estate will only go up. It is the most precious area in the world. You want to be rich? Buy ARK and NJ real estate. You will thank me 20 years later.

  46. The Great Pumpkin says:

    Bystander,

    One day you are going to wake up and realize the real estate market wasn’t driven by rates. It was driven by more demand than the market could handle. The doom and gloom in the air might put a hold on prices going up, but it’s inevitable it will go up due to a huge supply of new millennial buyers coming to the market over the next couple years.

    So it can drop right now due to the economic climate, but as soon as it turns, housing going to run hard.

  47. BRT says:

    Left when I get home, I’ll post the guy who made the original. He posted it months back prior to hitting the line with a forecast.

  48. Bystander says:

    Oh I am looking forward to news of this demand now that 30 year has a 5 handle on it. I mean it was not rates oh swami.

  49. Fast Eddie says:

    The 30 yr. is indeed at 5% or slightly above. Fat Mart is smoking like a chimney now, yelling at Suzanne who apparently didn’t research enough. Mary wants top dollar for the shit-stinking reek hole of a hovel she calls home.

  50. 3b says:

    Bystander: What’s wrong with you?? A 400 to 500 a month increase in a monthly mortgage payment is not going to make one bit of difference. Demand, demand, demand, that’s all that matters.

  51. leftwing says:

    BRT, TY.

    Interesting stop for Phil, for the amount of money that town likely was forced to redirect to Abbott good for him that it wasn’t parents’ day or something…can’t imagine he would get a warm reception there outside of lifer admins and unionized, pensioned employees….yourself excluded, of course.

  52. No One says:

    Did the treasury/fed forget to manipulate the 10 year recently? At 7% inflation this year your inflation adjusted yield is highly negative.
    If inflation averages 3% over the next ten years, then a 5% 10-year ytm would provide at least a slight real return. Unless you pay taxes, in which case your inflation and tax adjusted return is zero.
    It’s a long way to go until financial repression is over. Government bond yields are rigged worldwide to extract money from investors, not pay them.
    What’s your guess on average inflation rates for the next 10 yrs? Please don’t cite “market-derived” inflation figures derived from markets that are manipulated by central banks or assume that investors are simply happy to enjoy negative real returns from their investments.

  53. No One says:

    Juice Box,
    Besides getting first crack, what other benefits does a “Social Equity Business” get?
    What a way to reward disorderly people.
    I wonder if Libturd will go find Bebo and set up a pot store fronted by him to restore social equity.

  54. 3b says:

    Citi today predicted the Fed will up rates 50bp over each of the next 4 meetings, possibly more. Welcome back to 1994!!

  55. BRT says:

    Left, here it is. The guy on twitter is Dr Jin SEO, probably the best technical analyst I’ve ever seen. His account is locked from outside users though. Basically, every time it hits the upper bound green channel, bad crap happens a few months later.

    https://imgur.com/a/9KJbYKX

    Heh, I was cordial with King Phil. None of the kids were star struck or anything. They were actually kinda weirded out because there were 10 guys with cameras that came into the room. They weren’t expecting that.

  56. Bystander says:

    I know 3b. I must be crazy. It is a normal market. I mean a (NYC) couple up the street bought new construction in July 202o, never moved in and relisted a year later for 22% more and got full price. All normal demand..

  57. 3b says:

    Bystander: All perfectly normal, prices up 20 percent in a year, perfectly normal. Of course, they could not fall 20 percent in a year, that would be insane!

  58. Juice Box says:

    No one re: “what other benefits”

    Probably some grant money somewhere perhaps from Federal Covid funds. Gov Murphy is using those funds now to attract the World Cup here to NJ.

  59. Fabius Maximus says:

    Left,

    Last time someone directed a condescending gaslighting missive like that towards me it was a narcissist looking for the off ramp after going toe to toe. Got the same , while you are good at your job you have challenging traits. I gave him a one line reply that said people say my most challenging trait is that I’m usually right. I also usually find that I outlast them. That guy is now warming a chair in Citi, he sent me a Linked In invite.
    I think you said that you run or ran a desk at an IB. While I have never worked for an IB, I’ve been through the doors of most of them on various projects. I know how to work around all types of people. I also play a good poker game so can read people and know when I can push the envelope.
    I am not sure if its you or someone else here is ex Hanover Square. While I was only there for a couple of meetings, I did a lot of work with their Zurich counterparts back in the day. You have been successful and made scratch as have many of the people I worked with over the years. Congratulations, I don’t begrudge anybody on what they have achieved. I’ve had many offers to jump ship but quality of life has always been more important to me than money. Nothing better than a Tuesday at 5pm getting up and saying goodnight to the IB team as their boss wont sign off on my overtime. Quick subway to the stadium to meet some buddies and chill out with some beers and brats watching baseball. The IB folks would be at their desks until at least 9PM when the free car service started. Even being able to get up and leave the building for lunch as I was not part of the free takeout was a joy. As has been pointed out in here, how IBs spend their money is weird. Also it’s not fun watching the burnout.
    The difference between my work and in here, is that here I don’t have to censor my views or pull my punches. I can let my freak fly. So no more substantive responses from you to me? I’ll be quite happy if you even drop the substantive. But I suspect you’ll be more like 3b, he’ll say he’s not going to respond to Pumps, but shows up every day like Charlie Brown ready to kick the football.

  60. Fabius Maximus says:

    We broke 300 on the 10 back in 2019 and WS swooned and reached for the vapors bottle. Fed balked and backed down. it will be the same this time around.
    I’m still holding with 2 25bps this year with a view to get to 300 by the end of 2024.
    That said until they can work out how to drain all that liquidity out of the market it’s all moot.

  61. Fabius Maximus says:

    Ginni Thomas’s texts should be front and center of every news cycle, but in here and in all the right wing media its crickets.

    Here is a chance for all you that scream about the left ignoring stories can show how unbiased you actually are.
    https://twitter.com/susaniniowa/status/1507384106631503891

  62. Fabius Maximus says:

    Heres one for you Phoenix, Wife meets politics.

    Senate candidate (MO) Eric Greitens made a statement today he has evidence that Mitch McConnell and Karl Rove are behind a plot to have his wife make false domestic abuse allegations against him.
    https://twitter.com/RonFilipkowski/status/1507439897648504834

  63. Fabius Maximus says:

    While Ginnis text messages are a serious issue, this is awsome and a nice way to get up to speed on their content.

    https://twitter.com/MattNegrin/status/1507478831690567680

  64. 3b says:

    Fab: I don’t engage with you, I would appreciate you not referencing me in your posts. As for your Pumps observation you are correct. We all have our faults and I would add that certainly goes for you as well.

  65. 3b says:

    Biden made an incredibly stupid and dangerous comment today to American forces in Poland , basically telling them they will see the resolve of the Ukrainian people when they are there. Of course, the White House had to do damage control and restate there will be no American troops in Ukraine .

    We can assume of course it’s yet another one of Biden’s gaffes, but boy what a dangerous one. Presidents don’t get to make those kinds of mistakes. 4 years of a ignorant buffoon and now it’s a President who is clearly in mental decline with a VP who is a moron. Pretty sad all around.

  66. leftwing says:

    BRT, thanks. I’ll poke around him this weekend.

    Looks like some standard deviation around a mean trend line?

  67. Ex says:

    8:21 yeah, but watch, she’ll try and run….Cause, well it’s “her” turn…hahahaha Hilary II

  68. Ex says:

    Actually had terrific week. Hope all ya’ll did too.

  69. Bystander says:

    St.Petes playing with Jersey pride. Some good games tonight See if they can hold on.

  70. The Great Pumpkin says:

    Who is buying in this market? This makes a whole lot of sense since the move up is based on low volume.

    “Mutual funds and passive ETF’s from steady 401k inflows due to strong nominal growth of economy and labor market and historic corporate share repurchases and likely but data lags badly foreigners exiting assets in Japan and Europe as evidenced by currency fall”

  71. The Great Pumpkin says:

    March madness…jersey style. Spicy!!

  72. Bystander says:

    Ed, Left, Ex and jam lovers,

    Listening to this band Goose. Local CT boys. Pretty amazing jams. Very tight band

    https://youtu.be/XVuPWvbXeXA?t=1056

  73. Fabius Maximus says:

    “I don’t engage with you, I would appreciate you not referencing me in your posts. ”

    Sorry, that’s now how this works. I am sorry you are upset at my analogy, but your inability to not engage Pumps is a well established running joke in here and I don’t think I’m the first to use the Charlie Brown analogy.
    Only you have the power to change that. This was not directed at you, more that my point is that Leftwing. I am proud of him, he has posted tonight and didn’t respond I give it to Monday/Tuesday at the latest and he will be a Kramer! https://i.gifer.com/14bR.gif

    You and me have had deep discussions in the past. I look back to Brexit, I said there is no way the UK would be so dumb enough to vote for it. You were right, despite every thing I pointed out has come to fruition, the UK is Fcked. You were right and the UK screwed themselves regardless, Go figure! I have no problem admitting when I am wrong.

    As to your request, heres were I can respect your wishes for me not to engage you. If I go to Gerry Gs as I almost did tonight, where the fish is excellent, but the rest is Meh!, I will not solicit your views.

    But if you post something like Joes comments in Poland, it’s open season. I will respond. At that point, it is on you to ignore it, but I point you back to the Charlie Brown discussion.

    Are we in agreement?

  74. grim says:

    Russia is capitulating.

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