From Forbes:
The odds of a home price decline hitting your local housing market, as told by one interactive chart
While the swift move up in mortgage rates is undoubtedly putting downward pressure on the housing market, it doesn’t mean home prices are about to crash. In fact, every major real estate firm with a publicly released forecast model, including Fannie Mae and Zillow, still predicts home prices will climb further this year.
That said, industry insiders tell Fortune there’s increasingly a chance that the economic shock caused by soaring mortgage rates could see home values fall in some overpriced housing markets.
To better understand which regional housing markets might see a price decline, Fortune reached out to CoreLogic. The California-based real estate research company provided us with its assessment of close to 400 metropolitan statistical areas.
First
Interesting lead-in but….
Only 3% of US markets are deemed ‘high’ or ‘elevated’ which are the categories most likely to suffer a decline…while 65% of markets are ‘overvalued’ meaning incomes do not support prices….
The bridge between those disparate data? Chance of decline is limited to the next twelve months with that likelihood discounted because of current supply/demand imbalance.
So all the article is telling us is that there is a supply shortage in most markets unlikely to resolve by the end of the year which has driven up prices.
Gee, thanks, Fortune.
Guess real journalism goes out the window when an intern can make an interactive map based on US SMAs…..
“25 days Pumpkin-free”
Supply shortage is artificial in my view. Artificial low rates drove the mania.Meanwhile, long term trends like the decline in the birth rate continues.
Powell is going to continue to raise rates so the 30 year mortgage will continue to go up and up.
It’s 5.375% now how about when it hits 7.5%
3b says:
May 1, 2022 at 10:33 am
Supply shortage is artificial in my view. Artificial low rates drove the mania.
Absolutely, rates were too low before the pandemic, then they were lowered even more when pandemic hit. Resulting in 20% gains YOY on real estate. This will not end well.
On another note listed my 3 unit brick multi in PA, sold in 3 days with 4 offers and three being over list. Hoping for a quick close.
Student Loan Debt:
https://market-ticker.org/akcs-www?post=245752
The Unhappiest Americans Come From These States
https://twitter.com/moneywisecom/status/1517535352294096897?s=21&t=gy3CUXrdqdU5RWcAXT8_OQ
I’ll take 1 for the team & recap:
25: Rhode Island:
Too expensive. Winters suck.
24: Pennsylvania:
Nothing good about it.
23: Illinois:
Too expensive. Long commutes.
22: Maine:
No opportunities. Too cold.
21: Wyoming:
Lowest minimum wage. No opportunities.
20: North Carolina:
Nothing to do. Too hot.
19: Kansas:
Extreme weather & twisters.
18: South Carolina:
Horrible healthcare. Widespread poverty.
17: Indiana:
Expensive. Low wages. Unfriendly, rude people.
16: Montana:
Depressing, isolated, boring. Extreme weather. Unfriendly.
15: New Mexico:
No money. No jobs.
14: Oregon:
Gloomy, grey skies. Depressing.
13: Alaska:
Long hours, low income growth. Isolated. Expensive to travel.
12: Florida:
Massive wealth inequity. Too hot. Unsafe.
11: Alabama:
Terrible schools. Terrible healthcare. No jobs.
10: Mississippi:
Unsafe. Awful schools & healthcare. Complacent.
9: Tennessee:
Unpredictable weather. Depressing.
8: Kentucky:
Poor. Terrible schools. Terrible healthcare.
7: Louisiana:
Rampant unemployment. Low wages. Dangerous.
6: Oklahoma:
High incarnation. Extreme weather. Unskilled labor. Terrible schools.
5: Arkansas:
Poor. Dangerous. Nothing to do. Too many mosquitoes.
4: Michigan:
Poor. Rundown. Jobless.
3: Ohio:
Impoverished. Violent. Drug addicted.
2: West Virginia:
No jobs. Depressing. Drug addicted. Terrible healthcare.
1: Missouri:
Meth lab capital. Drug addicted. Terrible cops. Too many felons. Impoverished.
https://twitter.com/betonhumanity/status/1519015832717692928?s=21&t=gy3CUXrdqdU5RWcAXT8_OQ
It’s quite possible…not as far fetched as it seems on the surface.
“China are going to push US inflation higher (on purpose) when it reopens. Xi Jinping is trying to force a policy mistake by the Fed. Positively evil.”
Arkansas is so dreary even the birds look depressed.
Pain…
“This Wednesday, officials are to announce plans on how they will shrink those holdings. Expect the process to be faster and potentially more disruptive to financial markets than last time.”
https://www.wsj.com/articles/fed-prepares-double-barreled-tightening-with-bond-runoff-11651397402
My friend went to New Orleans recently and said it’s like a giant Irvington. Dangerous, but did say it was still fun.
Hold my beer says:
May 1, 2022 at 9:43 pm
Arkansas is so dreary even the birds look depressed
1st house that closed out of the group. List for 500k and sold for 600k, nice house but on a double yellow road.
Sorry there is another, not on a double yellow. Listed for $540 sold $620. Not as nice as the other house.
So they pushed NYC pay transparency law to Nov. bc of business complaints. Interesting developments with Colorado as they enacted this in January and now 211 companies and counting won’t hire position in CO.
https://www.coloradoexcluded.com/
New Orleans is a war zone right now, but almost entirely at night. Casino hosts have stopped asking their clientele to come down there right now. During the day, when the gangbangers are sleeping, it’s safe.
New home inventory as of the end of March is at a 6 month level, indicative of a balanced market. Artificial inventory shortage ending. And this week the first 50bp increase in 22 years. Tech bull market is over.
Lib: We were in NO for a family wedding in January. Homeless everywhere, Bourbon street is a dump. It’s a historic area and huge tourist attraction , and it’s not maintained. At night many of the streets in the French quarter section off Bourbon street the street lights are not working. It’s pitch black. And no southern hospitality. Savannah beats NO hands down. Absolutely no desire to ever go back to NO.
That sound you hear is the Ten hitting 296
Buffet and Munger this week on Bitcoin.
“If you told me you owned all the Bitcoin in the world and you offered it to me for $25, I wouldn’t take it,” Buffett said. “Whether it goes up or down in the next year, or five or 10 years, I don’t know. But the one thing I’m pretty sure of is that it doesn’t produce anything.”
“I try to avoid things that are stupid and evil and make me look bad. Bitcoin does all three,” Munger added.
For me, there are four things that are worth going to New Orleans for.
1) The Jazz – At any point in time, some locals will walk to the square, bust out their horns, guitars and drums and will play your mind away. Jazzfest is a pretty special event as well. Thousands of artists from amazing talent you’ve both heard of and probably have not.
2) The Food – The French influence combined with soul food has developed a really unique palette. Though there are some real treats like Emperor’s Palace. The real deal can be had for next to nothing on the outskirts at the fish frys and the shrimp and oyster joints.
3) The streetcars – Very few cities still have them. They are an amazing throwback and a really pleasant way to get around. You can check out all of the architecture from downtown, past the mansions on St. Charles out to Carrollton for $1.25.
4) The Mississippi River – This is the coolest place in America to take a cruise out of, if you are into them. It’s also a really interesting place to take a day cruise on a paddlewheel steam ship. The trip out of the delta is a winding beautiful trip loaded with interesting industry and just tons of water traffic. The amount of river commerce that runs up the Mississippi is pretty incredible. Just great boatwatching.
I think I told you all that my father (birth) used to live in Jackson. We spent a lot of time down in New Orleans when I was a kid. I go back every few years (before D got sick, we caught Jazzfest three times), but it still has not fully recovered from Ida. Still lots of abandoned buildings especially as you head north towards Lake Pontchartrain. Personally, I’d wait a few years for the crime spree to die down before checking it out. It’s a fun city to bar crawl at night. Lots of variety and lots of bars with great live music. People are generally pretty nice down there too.
“Interesting developments with Colorado as they enacted [wage transparency laws] in January and now 211 companies and counting won’t hire position in CO.”
These allegations of wage disparity always amuse me for professionals, especially high value added roles.
The differentiation among employees (and their respective performances) at lower levels is slight…hard to be that special working in a warehouse or delivering mail.
But at the higher end like bankers, lawyers, and consultants?
Pay disparity is a joke.
Why in the world would I want you as my advisor or representing me in a matter of consequence if you are not even capable of negotiating for yourself a market rate pay package?
Seriously, think about it. If your attorney is so incompetent that he is underpaid for his own work why the fuck would I ever trust him to get a good deal for me?
Here is why the crypto game is so stupid.
Big Sale of NFTs just occurred, they are selling fake land now in another metaverse called ” Otherside”. They burnt $123 million in “fees” to execute the sale and record it in the Ethereum blockchain. That is simply the stupidest thing I have heard of yet. The fee to record it was sometimes twice the cost of the fake land they were buying.
“Yuga Labs, the web3 company behind the Bored Ape Yacht Club, disrupted the entire Ethereum blockchain as a flood of users rushed to purchase NFTs representing virtual plots of land in its upcoming metaverse project, Otherside. A total of 55,000 Otherdeeds sold at a flat price of 305 ApeCoin, or around $5,800 at the time of purchase (via CoinTelegraph), raising about $320 million in what was considered the “largest NFT mint in history.”
Otherdeeds are minted in BAYC’s native ApeCoin, but still require Ethereum for gas fees. A gas fee is the cost associated with a transaction on the Ethereum blockchain. Fees typically increase as the network gets more congested because it becomes more work to process a transaction.
Such a large volume of transactions during the Otherdeed mint caused gas fees to soar. As noted by CoinTelegraph, Reddit user u/johnfintech pointed out that some buyers shelled out anywhere from 2.6 ETH ($6,500) to 5 ETH ($14,000) in gas fees alone — more than the cost of an Otherdeed NFT (and in some cases, more than twice the cost). By the time the virtual land deeds sold out, buyers paid a total of about $123 million just to execute their transactions on the Ethereum blockchain (via Bloomberg).
https://www.theverge.com/2022/5/1/23051974/bored-ape-yacht-club-metaverse-mint-rocked-ethereum-blockchain-otherside-otherdeeds-yuga-labs
BTW – This NFT sale is crazier than Beanie Babies. These “unique” fake plots of land in the “Otherside” Metaverse they just bought?
They are trying to flip the “properties” now, with huge markups. Pumping up the prices with has to be allot of insider self dealing.
https://opensea.io/collection/otherdeed
“Here is why the crypto game is so stupid.”
Agreed, but….the market can stay irrational longer….
Thanks for share. Clicked through a couple of the links. My takeaway, Andreesen Horowitz dumps $450m in at a $4B valuation? I may buy some ApeCoin….
LW,
I agree. But not so much in the middle levels where I work.
Sure at the lower levels it’s all the same.
Upper levels, yeah, some bring way more to the table than others, even if it’s just the fact that you are connected.
Midrange is where it hits. And sure, to someone making millions 5k is a drop in the bucket. Just like a speeding ticket doesn’t affect a millionaire as much vs a housekeeper.
So yeah, pay disparity in the middle ranges are a real thing. And a problem child.
Juice Box,
When I was in a cafe in Costa Rica, I ran into a new young expat (probably in his mid 30s) who was covered with tatts, had a rescue dog and a really cute girlfriend from the south (she had a Bama accent). We got to talking and I found out he just moved down there. I asked him what he did for a living. He said he buys and sells NFTs. He then gave everyone in my family a sticker containing a silly picture of an ape with his web address. My 16-year old recognized the artist who drew the ape and we guessed it was worth maybe 50K based on what we knew of the NFT industry. Nope, idiot lucked into buying one of the first ones drawn by this uber popular artist. Stupid ape NFT was listed for 300K. Of course, he traded it with himself a few times to drive up the price. Obviously, the entire industry is filled with suckers selling valueless crap to other suckers. Nonetheless, he’ll make enough money to live in CR from it. God bless him.
I have a friend who makes and sells penguin NFT’s. Has a real job, does this for entertainment. Sold a few, not much money.
re: ApeCoin and Andreesen Horowitz..
Yeah well if you look at their tweets it seems the are POed about the ” Land” sale and don’t want to use Ethereum any longer as it cannot scale and people spent $123 million for 55,000 transactions on the fake “land” deals.
“Yuga Labs
@yugalabs
·
Apr 30
We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.”
https://twitter.com/yugalabs?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Think about this before you take on that remote position. Seriously. Recession is coming and if you don’t want to be laid off or replaced by offshore labor, make it as difficult as possible by working in an important in person role.
“The company has cut one working day a week for each staff member, resulting in a salary cut of about a fifth for each employee, said Mr. Li.
Surveyed unemployment in China’s 31 largest cities has surpassed the level it hit when Wuhan was locked down in 2020. Youth unemployment is now 16%, according to official data.
“It’s too hard for young people to find a job nowadays,” said Jessica Fan, a project manager for an internet company in China. The country’s technology giants have laid off employees en masse since Beijing launched a sweeping crackdown on them last year to ensure they followed government dictates more closely. Ms. Fan said that every time her team advertises a new position, résumés land in her mailbox “like snowfall” for weeks.
More than 10 million college students are due to graduate this year, a record for China, but a gauge of vacancies compiled by the China Institute for Employment Research at Renmin University of China and job search website Zhaopin suggests there aren’t nearly enough jobs for them all.”
https://www.wsj.com/articles/china-economy-recession-covid-lockdowns-11651434168?mod=hp_lead_pos6
Left,
Not sure why you go right to small % of high end roles. This is about the grease that keeps society moving, lower pay jobs. People making enough to live, buy a house perhaps live off credit cards but stay off welfare. These are not sophisticated negotiators. Corps love them. I think we all know the people who are highly productive, willing to take more on yet go nowhere in career. They usually have major fear of change. They get chewed up in corp America. I realize that is capitalism but with soaring costs, these people need to move. Posting what a role pays compared to what they receive might be kick in pants. When I see corps post jobs ads like this, you also know it is probably a good thing for employees. Cloud engineer remote – notice that CO and CT are not listed. Two states with hardest pay transparency laws
The Home Depot is able to offer virtual employment of this position in the following states: AL, AK, AZ, AR, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Starts out like a jj story, and then never really gains any momentum. Kind of threatens to move into PG-13, I guess some of the language has it default to there.
Libturd says:
May 2, 2022 at 9:34 am
Juice Box,
When I was in a cafe in Costa Rica
“So yeah, pay disparity in the middle ranges are a real thing. And a problem child.”
I can feel pain associated with it at those levels and acknowledge that if one’s job specifically does not entail negotiation my point is definitely less relevant. Still….
At some point as adults are we all not our own advocates?
In normal markets, do we pay MSRP for a car? Ask for a house? Take the first estimate for work on our homes? Hell, for nuanced reasons that aren’t relevant here I’ve gone through my monthly recurring expenses. Shaved a bunch off just by asking. Sirius, at $24 monthly, was a holdover from when it was free for a year in a new car. I got it down to $7 yesterday in my pajamas just by asking. It was through chat and I am convinced it was with a bot, not even a human.
I do feel sympathy for people who just avoid debate or any level of ‘confrontation’ like the plague, but that’s a personal thing and a fear children are supposed grow out of as they mature, no?
I could feel more sympathy generally a decade or so ago when control of the data was highly restricted and mostly confidential.
But now? Through open websites a few keystrokes away employer satisfaction, job role, and comp are easily available. If one can’t be bothered to even look at the relative comp for their job – or to go through their own monthly expenses – society is supposed to do it for them?
Ehhhhhh. Feels a bit like laziness and entitlement masquerading as gender inequality.
Three decades, people. China’s run is over. Pain is coming.
Anecdotal. My brother says this is the first time his phone has been slowing down (nonstop calls for 4 years) in 4 years. Anecdotal, but not a good sign.
“China’s economy is “in the worst shape in the past 30 years,” said Weijian Shan, chairman and chief executive of PAG, a Hong Kong-based private-equity firm that manages about $50 billion, in a video for investors reviewed by The Wall Street Journal.
“I also think the public discontent in China is at the highest point in the past 30 years,” added Mr. Shan, who attributed China’s current crisis to policy decisions, though he said that his firm remains confident in the long term in China’s growth and market potential. His comments were first reported by the Financial Times.
Weaker demand in China could have one positive: somewhat reduced inflation pressure for the world, if it consumes less oil and other imported goods.
Many economists say any upsides could be offset by the inflationary impact of Covid-related disruptions to China’s supply chains, which are crimping its ability to supply the world with manufactured goods. If that continues, it could contribute to the much-feared combination of anemic growth and high inflation known as stagflation.
That’s especially true for parts of Asia which trade heavily with China, contributing to a “stagflationary outlook” for the region, said Anne-Marie Gulde-Wolf, an official at the International Monetary Fund, at a conference on April 25.
In April, the IMF cut China’s full-year growth forecast to 4.4% from 4.8% earlier this year, and well below the government’s target of around 5.5% for 2022. Barclays said on April 29 that it believes China’s full-year GDP growth could dip below 4% if lockdowns extend into the second half of this year.”
https://www.wsj.com/articles/china-economy-recession-covid-lockdowns-11651434168?mod=hp_lead_pos6
Lib – Bitcoin Beach Dominical and the Bitcoin Jungle project.
A few dozen small vendors in the town are accepting bitcoin.
https://twitter.com/BitcoinJungleCR?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
What can replace this growth in the world economy? Scary stuff. One thing for sure, you don’t have a country like China anymore to hold down inflation with artificially low wage inputs.
“The IMF’s forecast, if accurate, would be the worst year for China’s growth since 1990 aside from 2020, when it was 2.2%.
Lengthy bouts of weak growth or falling economic output are rare in China. Until 2020, it hadn’t reported a single quarter of contraction since 1992, the earliest year for which quarterly data is available.”
But at the same time, their slowing growth should lead to deflationary headwinds in the long-term. What a mess.
“re: ApeCoin and Andreesen Horowitz…Yeah well if you look at their tweets it seems the are POed about the ” Land” sale and don’t want to use Ethereum any longer…”
That’s the point. You had to transact with their native crypto and that broke the internet.
Buy.
Simply impossible to predict anything with certainty right now since the variables are all over the place. No one f/ing knows what is coming because we are in uncharted territory. Basically went from full on globalization to now abandoning this model since China has peaked and was the primary driver of globalization. What replaces it….who knows? Something similar, hybrid, or full on protectionism? You have Russia being crossed out of the world economy. Wild times.
With a recession coming, companies will be looking to cut expenses, and rid themselves of antiquated office space which serves no real function for purposes of getting the job done. Throw in the geographical distribution, where multiple teams are dispersed throughout the country, and even less need for office space.
As one executive recently said, if I need to see you to somehow ensure the job gets done, then you are not the right person for the job. The coming recession will increase the amount of companies going remote.
left,
We have no safety net in this country. PTO, retirement, health..it is all tied to current employer. It is also extremely hard to know benefits comparison before entering company, like crazy vesting rules or match. My rich IB is three years. WTF? They will do anything to prevent leaving in short term while also giving you zippo in salary increase. They do a big song and dance how no health premiums were increased. I would rather get the 5% increase than 0% with no extra health prem costs. People are very fearful of losing doctor or dentist too. The system is set-up to ensure enough blockers to keep people from leaving. It is not just entitlement.
SP500 almost touched 15% off ATH this morning. How low will it go?
Doesn’t ETH 2.o solve this gas price issue?
Apr 30
We’re sorry for turning off the lights on Ethereum for a while. It seems abundantly clear that ApeCoin will need to migrate to its own chain in order to properly scale. We’d like to encourage the DAO to start thinking in this direction.”
I do feel sympathy for people who just avoid debate or any level of ‘confrontation’ like the plague, but that’s a personal thing and a fear children are supposed grow out of as they mature, no?
Some people, it’s not in their personality. And it’s literally impossible for them to go out of their comfort zone. These are the same people that yearn for legislation to do it for them.
Honestly, ETH is the only one I believe in. BTC too will be there long-term as a means for wealthy people to take 1-2% of their money and put in a place that no govt or individual can touch. So I just don’t see BTC becoming completely worthless. BTC is like money, it doesn’t have to produce anything. It is simply a storage of value and a part of the transaction between two parties transferring said value….aka money, but in digital form outside the hands of any govt.
“I think we all know the people who are highly productive, willing to take more on yet go nowhere in career. They usually have major fear of change. They get chewed up in corp America. I realize that is capitalism but with soaring costs, these people need to move. Posting what a role pays compared to what they receive might be kick in pants.”
I don’t know what to respond other than at any level above static, hourly piece rate work I would want to know if an employee were so paralyzed with fear of change or needed outside information shoved in their faces in order to make a low effort attempt to act in their own self interest…
If anyone actually needs that level of help, keep moving. Don’t want you working for/with me or my organization. Lots of better employees out there for the same role with foresight and initiative.
Glassdoor. Fifteen minutes. The rest is on the employee.
“And it’s literally impossible for them to go out of their comfort zone. These are the same people that yearn for legislation to do it for them.”
WTF?
The shitshow of the State of NJ is far out of my comfort zone and I yearned to perform my job in my hometown.
Shall we sponsor legislation that financial firms must disperse their operations from NY/NJ metro across the country based on population?
Guess Morgan Stanley may end up with the first skyscraper on Lake Erie….
C’mon…..
Pumps – No…. greater fool theory is still in play.
ETH is still validated by proof of work not proof of stake. Miners also don’t want it shoved down their throats, and it’s expensive to host enough nodes to actually turn a profit. The sheer amount of nodes still mining ETH is huge but it is now only 1/2 of what it was in February. If they cannot make money they will quickly mine something else.
https://ethernodes.org/
“fear children are supposed grow out of as they mature, no?”
Perhaps if you read child development then you would understand why millions come from backgrounds that will never be confrontational. Also, I see the hiring strategy for my company. We have a no match policy. You want to leave then go for it. Yes, our bank would rather lose key tech people than pay them market. I know blah, blah..you work for a bad place but I also know they are not alone and basically same deal at many large institutions. The board does not want to pay more. They will pay same salary for lesser talent. We only had one real application for Java dev in US & has not even graduated college yet. This role is supposed to 6-8 year experience. We are desperate and will interview him. It will take many many failures before execs will come to conclusion. How do you negotiate with the non-negotiable?
“How do you negotiate with the non-negotiable?
The answer is exactly what we have been discussing….LEAVE.
Pumps no matter what crypto you believe in, they are basically saying that you should trust them with YOUR MONEY. Circumvention of the trust formed the current systems of LAW and BANKING is a great promise, but it’s just not true and nowhere near being true.
Society can’t function without trust, and the fact that we mostly don’t even think about it is a measure of how well trust works today. You put your debit card in the machine and it charges you $9.99 on the dot. You and the merchant know it will not overcharge or undercharge and the merchant has a legal contract guaranteeing 21 cents per transaction no matter how busy the card networks might be.
Yes, CRYPTO can eliminate certain trusted intermediaries that are inherent in other payment systems like credit cards. But you still have to trust CRYPTO—and everything about it. Right now it is nowhere near that level.
“Perhaps if you read child development then you would understand why millions come from backgrounds that will never be confrontational.”
And, again, it need not and probably shouldn’t be confrontational.
Self-advocacy.
If one cannot advocate for themselves at the most basic level – compensation – how as an employer can I trust you to advocate for the corporation, your colleagues, and your work?
That sound you hear is the Ten hitting 299
re: 10 year……Medium priced homes monthly mortgage payment is now almost 50% higher than it was a year ago. As I posted yesterday 30 year rates are 5% now. What happens when they go to 7.5%?
Juice.
Uvita is one of the largest expat areas in the country. Though it’s more the yoga/spiritual set. I’ve never been, but then again, I’m not interested in turning part of Costa Rica into San Francisco.
left,
I would rather real conversation back. Millions need to leave. They need to do it now, particularly people with kids, home etc. I don’t disagree. Wage transparency will help with that bc there is really no reason not to post it. I spend a ridiculous amount of my job-seeking time dealing with this. Tell the me the salary, ass-h*le. I am not getting on calls, doing a phone screen, filling out job apps or completing on-line assessments to find out paying $50/hr for 10 years experience. It is irrational and at least 50% of recruiting vermin will do anything to avoid subject. It needs to change.
Juice: I posted that the other day as well. It’s insane, and your 7 handle mortgage rate is a real possibility. Ain’t going to end well, it’s never different this time.
40 percent of student loan debt is held by 8 percent of borrowers.
Sorry Chi,
I’ll try to make my stories more heels in the oarlocks next time.
Lib – El Zonte “Bitcoin Beach” in El Salvador was featured on 60 minutes two weeks ago.
I think the Army is guarding the town to make it safe for hipster tourists.
Bitcoin transactions via the Lighting Network (pseudo bitcoin transactions to make them faster)
https://www.youtube.com/watch?time_continue=1&v=Ibw7YA39s-M&feature=emb_logo
“Millions need to leave. They need to do it now, particularly people with kids, home etc. I don’t disagree. Wage transparency will help with that bc there is really no reason not to post it.”
It is not my nor society’s job to legislate to incentivize people to act in their own and their family’s self interest.
If we are going there let’s get the low hanging fruit first like health…no more Mickey Ds, back to Bloomberg soda restrictions….
On your personal example, make it easy. Lay out your comp parameters up front. Traditionally bad form but if that is where the market is – and more importantly the clearing hurdle for you – do it.
Not obnoxiously, but confidently…..”listen, lots of bad job offers floating around, I have a ton of value, to spare us both a huge waste of time if this position doesn’t have $X as a floor for compensation we shouldn’t go further.”
And, I would disagree with your assertion of ‘no reason not to have transparency’….
What happens when inflation hits property taxes here in NJ?
As of 2022, $10k is the lowest someone could expect their annual property taxes to be for a single-family, detached residence in North Jersey, unless it is in our highest crime cities.
Next stop: $15k or do we plow right up to $20k by 2030?
LW
200 members of the house of Congress feel the need to legislate the pay of nurses that travel.
So I guess it’s fine to legislate for business but not for workers.
Fed funds traders see greater than 90 percent chance Fed tightens 75 bp in June!
”listen, lots of bad job offers floating around, I have a ton of value, to spare us both a huge waste of time if this position doesn’t have $X as a floor for compensation we shouldn’t go further.”
Exactly what I do and 50% time you get “we will pay market. Let’s discuss after you fill out app and send resume” . People should really go look for a job, just for fun of it.
“It is not my nor society’s job to legislate to incentivize people to act in their own and their family’s self interest.”
It is exactly society’s job to produce legislation that improves your family’s life. There is no other way to do it. Lobbyists do the exact same things to ensure corp interests are protected. If corps don’t like it then more than likely it improves employee’s position. It is a balance and with outsourcing and visa program, it has swung too far one way for decades. Capitalism won’t fall over with this transparency. I am also realistic to know that they will find ways to not comply. Let’s give it a shot.
Looks like someone is upset at.a NJ country club.. What no more Grey Poupon?
Massive swat response
“So I guess it’s fine to legislate for business but not for workers.”
C’mon, you know my response to that by now….not ok for either.
Me: “It is not my nor society’s job to legislate to incentivize people to act in their own and their family’s self interest.”
You: “It is exactly society’s job to produce legislation that improves your family’s life.”
Two very different statements.
Listen, it’s getting late in the day….can’t do this endlessly…
Bottom line, if someone needs to be spoonfed information that is readily available to be prompted to take basic action in their own self interest I just don’t know what to say…other than I have no desire to have that person as a spouse, kid, employee, or likely even friend.
Ministry of Truth run by Homeland security. I’d call this place a clown show but it’s an insult to clowns
You are correct Phoenix. Both parties are past the point of viable. But as Carlin said, “Never underestimate the power of stupid people in large groups.”
Legislation…
Hospital executives, seeing their bottom lines squeezed, are pressuring politicians and regulators to rein in what they view as price gouging by some staffing firms.
Lib: And the groups don’t even need to be that large!
“than I have no desire to have that person as a spouse, kid, employee, or likely even friend.”
Man I thought I was black and white. Many jobs don’t post bands, many jobs don’t post salary. Nearly all jobs post skills or years of experience wanted. It is not “readily available”. Taking your approach of ‘tell them you will only accept XXX” will lead to a long and painful job search. Recruiters don’t like it, plain and simple. You could also be excluded by only a few grand. There is nothing role with posting salary range. Let’s not waste time if looking to pay 40% under market bc last guy took it. The entitlement might be that you feel obligated to get highest salary outcome. You are not. There is still negotiation. I will leave it at that.
The Ministry of Truth official literally was supportive of the most-egregious censorship campaigns in my life. Nina Jankowicz is on the record being opposed to the Hunter Biden laptop story. She railed against masks in a tweet in the early days of the pandemic, because that is what the experts were saying.
She has some really bad anti-free speech quotes out there. Not happy with the Biden admin on this one.
There should never be a government in charge of the truth. Left wingers don’t realize this “ministry” will be their worst enemy the instant they lose the white house. And even if you chose someone other than this woman, it doesn’t matter. The surgeon general, Fauci, the head of the CDC, the NIH, every “fact checker” and the rest of them have an awful track record the past 2 years. In fact, you don’t know whether or not they are stupid or just intentionally lying at any given moment.
300.2
Bottom line, if someone needs to be spoonfed information that is readily available to be prompted to take basic action in their own self interest
It doesn’t even matter if the info is out there. You can go to a district where 4 Physics teachers are paid 100k, and one will come in, settle for $55k and b1tch and moan about their situation the next 10 years. These people are their own worst enemies, and the first to clamor about the inequality.
I’ve tried to convince friends to jump ship and get a big payday. They refuse.
I was at Home Depot three times yesterday due to the incompetence of their tool rental employees. Regardless, you ain’t seen inflation unless you shop regularly at the HD. 4 years ago, I could get paint $25 a can, but you could get the large bucket (5 gallons for $100). Now it’s $40 a can and $160 or more for the bucket. Everything in the store has gone up 50 to 100%. Inflation is out-of-control right now. Not Zimbabwe speed, but we are getting there. Heck. A large coffee at Dunkin is now $3 and change. Was $2.10 a couple years ago. And stealth inflation is everywhere in the supermarket. Go buy a pack of Thomas English muffins. They went from a pound down to 12 oz.. So many people complained, they are now 13 oz. You can’t even slice them anymore. And see what it costs? Not on sale? They are $4 for 13 ounces of water yeast and flour.
https://yhoo.it/3LBIXQA
BRT,
The question is whether that guy asked for 100k and settled for 55K or whether he only asked for 55k? My total comp at old IB, in 2018, was 25% higher than my current one today. I, of course, asked for 10% more than last IB (with hope to be flat or little higher) but I got trounced. It took 5 months to get that offer. Had to move forward. It is not easy to just jump ship..getting a job is generally hard. Job search is all about time and how long you can wait to settle. Try not triggering a immediate rejection email today bc did not have exact key words. It is way way tougher to get through the defense lines. Network is absolutely everything today.
Yes Lib the inflation is breathtaking, so many don’t notice things. I’ve paid close attention to pricing last decade, it was relatively static and there was minimal “shrinkflation” until 2020, with the notables being ice cream, and orange juice. Now I can literally see the packages shrinking, you will see in stores new packages next to old ones, I can look in my pantry and see the shrink and the prices per package are up and they seem to go up every week or two.
Home Depot is really bad, everything is WAY up, I’m not even sure what is in paint but did it really get that much more expensive? You used to be able to get that Behr crap for like 25 per gallon and get a 10 dollar rebate around the holidays. They seem to be totally taking advantage of the housing boom as people are renovating due to high housing values, not certain what will happen when rates hit ~8% and demand craters.
Everyone is raising prices, they cannot even keep the signs straight. I was in Ikea and they had like 4 different prices for certain items with like a 25% delta from lowest to highest.
Bystander your firm is absolutely incompetent and intent on selling the US business thus reducing expenses at all costs to make the business look more profitable. When the key people leave they won’t match, etc but I’ve heard of them laying people off and then groveling to get them to come back. It’s not a place worth being at, FYI as a consultant you’d be paid way more than as an employee. You need to get out and if your skills aren’t working on the job hunt you need to reinvent yourself. There are loads of places hiring, unfortunately in the banking sector they are all firmly focused on keeping wages down unless they are desperate to fill a role. You need to find a role they are desperate to fill. Even at your bank if the management can make a compelling case they can go to Zurich to get large salaries approved but under normal circumstances they won’t pay market.
leftwing the issue isn’t salary transparency as much as it has been visa abuse, leading to absolutely wonky salary ranges. Fix the visa abuse and we have much less of an issue with salaries, the fear about wage transparency has everything to do with uncovering the malfeasance these companies are doing with their labor importation. I think most have a decent idea of what the pay rates really are. Without visa abuse bystander’s firm would cease to function.
You are right about people not knowing how to negotiate, you go to them when they are vulnerable and ask for more, try to guess what your boss makes and then ask for that, that is the ceiling. You need to seek desperation and then negotiate from a position of power. When I’ve gone hunting for a job I like to get 2-3 offers lined up, I make my terms really clear, if you can meet my requirements we can move forward but I don’t need you, you need me.
LIB – Try Whole Foods English muffins. $2.70 for a 15oz six pack up about 20 cents from last year. Quality is better, I find them easier to split and good for breakfast sandwiches etc. My kids demand them over the Thomas brand they know the difference too.
To save money do what they do in Europe, shop more often and buy smaller quantities. You will have Fresher fruits and veggies etc and you will find you toss less spoiled food and have even less leftovers. I might only buy three tomatoes on sale , or a small bag of medium 4 avocados for $5.99 that aren’t ripe We usually only cook what we need unless making something like chicken we bought on sale, then I will cook a whole package on the grill and we will use leftovers for tacos or make gyros or some pasta dish as it can be chopped up and re-heated. Same for steak. Buy a few lbs on sale, cook it eat half and use leftovers for steak tacos or goulash etc. $20 in meat for two meals.
I see lots of food inflation coming as well, Ukraine farm losses will put a dent wold wide grain supplies this year, besides the war there is no diesel to run their equipment. The third world will be starving before The USA. Watched a segment last night on it. Former politician David Beasley
The ex Governor of Georgia runs the World Food Programmer was on 60 minutes last night says it is going to be a disaster for hundreds of million of people.
Bystander, I’d be inclined to think that head hunters and hiring managers wouldn’t bother talking to you about a role unless it pays at least what you are making now. I can understand wanting to switch jobs but almost no one has the ability or willingness to take a salary cut. I don’t like it when employers waste people’s time don’t put a rec out for a senior VP with 10 years of experience in NYC and expect to find a taker below 200k. This business of not being able to ask current salary in NYC is madness, if you are making 250 and I can only pay 200 I don’t want to waste my time or yours, you are not taking 50k less.
By,
the way Physics has gone the past 10 years, you ask, and you get. There are 3 openings for every applicant. Most of these people coming into teaching have no idea that they can even negotiate and will just sell themselves short.
Right now, Bio/Chem are in a similar boat. They are all getting swooped up quick and there is nobody left. My school tried lowballing 5 or 6 of them and failed miserably.
There are significant shortages in these fields for high school teaching the past 2 years and many positions are going unfiled.
Juice, I’m doing the opposite. I’ve been stockpiling dry goods and frozen meat since the pandemic started. If it’s cheap I buy it, if it’s not I only buy what I intend to use in the next 4-5 days. Stores do loss leader items around the holidays and I basically back up the truck to buy cheap beef/chicken/seafood to freeze, if you vacuum seal and wrap properly it will last 6-9 months with minimal degradation, depending on what you are cooking frozen meat is not noticeable(grilled chicken breast is not something best done frozen that is noticeable, ground beef is fine, even steak is ok from the freezer, shellfish and fatty fish freezes well too). Things like avocados have a very long life under refrigeration, store them green in the fridge for up to 3 months if they are fresh and take them out 3-5 days before you want to use them.
JCer,
Yes, our contractors are getting mega bucks which p*ssing off the perms who work like dogs , manage these people and tow BS company policies on Agile. I actually reworked my resume last week. Spent 5 hours culling it to show more product management rather than tech program/project management. I have been doing more product guidance with our sanctions app rewrite. Trying to get business to understand complexities with their requirements (Long term data lake alignment, client data restrictions, Cloud costs and cost-benefit for rolling out Teams integration for minor features). We shall see. What I see is exactly what we discussed – my resume screams big bank but big banks are doing everything to control costs. I get plenty of small tech start-ups but I am very hesitant to get phantom equity with basically equivalent comp. Too risky as sole bread winner. Really, I would like to show people how f-in crazy salaries for people with 15 plus years receive. 100k alot and 60/hr. I feel like most put in 15 years exp but only because want older worker who will take sh*t salary. 8-10 years is usually sweet spot where looking to invest in skill/worker.
We like fresh over frozen. So it’s maybe once a month to Costco, once a week to Shoprite and we hit up Whole Foods for fresh and organic a few times a week. We find even things like eggs that are local and fresher taste way better so we try and buy small quantities. I have never heard of an avocado lasting three months in a fridge unless frozen. Ofcoure fish is always frozen. Fun fact many different types fish are stored at wholesalers ultracold fridges in New Jersey for up to two years!
We like quality and will order 15 lbs of Bacon from Wisconsin every six months. I can never buy it at Shoprite whatever brand they have sucks compares to Nueskes Bacon. With a coupon and shipping it still cost more than store bought but the difference is still worth it.
Best bacon ever.
https://www.nueskes.com/applewood-smoked-bacon-5-lb-pack-/
Now I am hungry….
Juice,
Appreciate the tip on Whole Foods. But if I let Gator go in there, whatever savings I obtained on the English Muffins will evaporate the second she buys something else.
As for the buying in bulk and portioning tip. Our freezer is always packed with what’s on sale. We rarely throw out anything but produce. And even then, we’ve been purchasing most of our produce with Walmart+ and have never been happier. Their prices are half that of the regular grocery store and much higher quality. Plus they shop it for us and drop it off at our front door. I think we paid $40 for the service for a year which easily pays for itself because like Amazon Prime, Walmart will ship you anything they sell for free and usually overnight via FedEx. We do tip the grocery delivery person nicely. With how much we save, over local grocery stores and farmers markets, it would be criminal not to.
Meat, it’s Restaurant Depot. Nothing comes close for quality and price. It’s almost silly. Think Costco meat quality at ShopRite sales prices.
Did Elon Musk float an air biscuit at the close? Nasdaq shot straight up at the close!
Libturd says:
May 2, 2022 at 1:45 pm
“…I could get paint $25 a can, but you could get the large bucket (5 gallons for $100). Now it’s $40 a can…”
Try working with an interior decorator that insists on Benjamin Moore’s Aura brand — $85/gallon!
crushednjmillenial says:
May 2, 2022 at 12:46 pm
“The Ministry of Truth official literally was supportive of the most-egregious censorship campaigns in my life…Not happy with the Biden admin on this one.”
Does this indicate there’s something the Biden admin has done that you are happy with? If so, I’d be curious to know what it is.
On the topic of Dem governance, I’ve been steadfast that there are literally zero examples of good governance by the modern Dem party at any level — federal, state, municipal. With that, I will give credit to Mayor Adams for significantly improving the street homeless situation in the portion of midtown that I frequent. The scenes of strung-out and deranged derelicts screaming wildly or passed out on the sidewalk or in one of the outdoor restaurant sheds — everyday occurrences under DeBlasio — have been greatly reduced.
If you like fresh fish, and are in the area, check out Point Lobster in Point Pleasant. A lot of times, you can get a fresh caught fish at almost half of what you would see at the store. It’s amazing how much better it is as well.
I’m already at the point of buying no produce in the season. Salad greens are at peak right now. Carrots, onions, broccoi rabe coming in en masse. Asparagus has come through this week. I have a pepper plant that I’ve been running in the green house for 4 months. Ironically, my weekend bout with Covid has taken the joy out of the freshness of the garden. I can’t smell anything that I cut. It’s akin to watching TV with the mute button on.
Lib – Don’t need to stop in, delivery is available too from Whole Foods or Amazon’s website. Use the Amazon Credit card as well for 5% off. Fee $9.95 for a 2-hour delivery.
The problem with pay is you have no clue what total comp is going to be. If bonus is currently 35-40% of my pay and the next position cuts that in half even if it is paying $20K more in salary, that is a big drop…
https://dailyvoice.com/new-jersey/sussex/police-fire/gunshots-heard-during-standoff-at-sussex-county-country-club-developing/831453/
Not sure if any of you are familiar with this place. My only familiarity comes from selling co-op units in the HOA that goes with the golf course. Tons of section 8 tenancies and lots of martial people. The use of ” country club” to describe this place is not appropriate to my definition. I have seen trailer parks with a better class of people.
Phoenix says:
May 2, 2022 at 11:59 am
Looks like someone is upset at.a NJ country club.. What no more Grey Poupon?
Massive swat response
I bonds will pay 9.62 percent through Oct of this year. I maxed out, too bad can only buy 10k.
Anywhere that far up 206 and you start hearing banjos.
lib I agree on the restaurant depot the prices are insane on a lot of things and at least some of it is very good quality. I buy wheels of cheese, they have some fine cheese at dirt prices, the same Romano cheese that eatly is charging $27 a pound for is $8 a pound. You can also buy the sawdust they use in the pizzerias. My problem is when I go there I end up leaving with comical sized items like a gallon of u-bet syrup, massive cans and jars of things, a gallon tub of Tzatziki, I almost bought 50lbs of sushi style rice the last time I was in there(seriously what the hell would I do with it?)
Interesting to know about the bacon, I kind of have been wondering about the supermarket bacon, it usually disappoints. That might be a good thing because we eat it less and it is deeply unhealthy.
Ground beef freezes well and chicken is fine depending on the preparation, in shwarma or Indian dishes fresh vs. frozen is indistinguishable, I won’t use frozen for plain grilled chicken. I used to work in the kitchen of a fine restaurant when I was younger and if it was a slow weekend they would absolutely freeze the aged steaks and fresh fish and it would be served a different week typically as one of the “specials” on a weeknight, there were never any complaints. Sometimes it would be used in an appetizer, whatever it was they were not going to let it spoil or throw it out and the end product was acceptable enough to sell to customers. Basically if you put something on it that was as addictive as crack people loved the dish even though the meat was frozen and they never knew. Chicken, they’d just serve to us shmucks in the kitchen if it didn’t sell.
Where freshness matters most is fruits and vegetables. Shoprite and the like are absolutely terrible for this, they have the worst produce. Farm produce is SO much better than the garbage they imported from Mexico 2 weeks ago. As for avocados, you haven’t seen a three month old avocado because you aren’t getting really fresh green avocados. If you get “ready to eat” they have hit them with ethylene gas, they cold store them and then gas them so those are already very old. Under cold refrigeration(38 degrees) they last a long time maybe three months is an exaggeration but a month or more is pretty typical. It seems if you’ve got avocados in the fridge they do get eaten.
3b I did 40k of the ibonds, 10k each for me and my wife and then we each did another 10k and left it in the gift box as long as you wait till next year to deliver you are fine. I figure we will not continue to see these rates so might as well earn, I could have done another 20 but then I’d have to wait until 2024 to transfer the last 20k and if there is no inflation after this year the bonds basically pay nothing so at least this way I can hold these for 15 months and sell and keep the 8%ish(6 months at 7.12 and 6 months at 9.62) annual rate on the money.
ByS…as JCer says, and many of us have been saying to try to help you, your situation is very specific. It has nothing to do with whether job salary ranges are public or not…a few of the very important things in life go from the lower left on a graph to the upper right, longer term…value of your house, value of your stock holdings, your comp…you are in an endemic situation where both your employer’s operations and your comp are going from the upper left to lower right over time…I dare say no one else on here, absent a retirement, is earning less today than five years ago. Only you can help you.
As to others, generally…if one has spent seven years or more in career and can’t with a little desk research or one degree of separation determine with high accuracy the comp of an offered job I don’t know what to say….except…
I certainly don’t want to employ you, work along side you, or heaven forbid have you as my manager. Why?
I cannot expect anyone to put more effort into their work than they expend for their personal well being. If a person is so lazy or clueless to not be able to discern what a position ought to be comped after seven years or better in an industry you are a major liability to me. As an employee or co-worker something is going to be at best deficient around you and I will be in the line of shrapnel. If you’re my manager with those traits…GTFO….if you don’t have the knowledge, willingness, or balls to defend your own comp how the hell are you going to defend mine and get me paid?
Posting pay ranges is a feel good proposal that, like most, won’t accomplish what is intended and at worse have detrimental effects.
Separately, how about that EOD rally in the face of a three handle on Ts, lol.
“26 days Pumpkin-free”
Jcer: I did for me and my wife. Forgot about the gift aspect. Thanks for the heads up. Will take care of that tomorrow.
Perhaps a contest is in order. Bystander, maybe post a link to an open full-time job that you’re interested in, without a salary range posted, and let’s start guessing.
Lib, on the pizza front, Whole Foods now carries Bianco DiNapoli tomatoes for $3.99 a can. It’s definitely one of the better cans of tomatoes I’ve ever sampled.
Left, I don’t think that is true. JCer and I have also discussed problems plaquing tech bc they have brought several hundred thousand H1 visas into NYC, unfettered for years. Rates were crap accordingly. Things have changed lately bc startups and big tech sucking up talent and hurting banks. I know what I want, I have to find it. It may take months because my profession is not easy to pinpoint. It is very much about what type of role – PMO bs (low pay), build and check off a project plan (middle pay)..or want SME who can guide business execs and dev team to deliver value (should be very good pay) . The last is my background. All of these types of roles come to me and many JDs want them all. Pay tells you want they are really looking for. It is where you work (rev vs non-rev), type of industry and it is indeed what kind of boss you work for. My boss is the exact person you described. Takes on more, does not know value and won’t confront anyone. 20 years and he is one-level lower than peers. He is a Trumpie who never travels (even though 100 people in India) and does not want any change in his life. He wants a conservative life in CT. A real problem as others move around. I beat him up all the time about leaving. He gets treated like sh*t. Good guy though. Told him I would be happy to hear he resigned. I am a change person but I know good from bad but not everything is black/white as you state.
joyce,
Believe me , I would absolutely love to post the jobs and play guess the salary. I agree with JCer that NYC area jobs in tech mgt (ten years plus) should pay 200K min. If you are a developer, 250K easy. I won’t bore this place but rest assured when I find one either very good or very bad I will post it, details and all.
OK, why the hell am I paying for Prime….just broke my french press beaker….Amazon shows a replacement model in stock, sold by Amazon. Delivery Friday. Model is not original manufacturer.
The original manufacturer, Bodum? Also in stock, also sold by Amazon, in fact it’s “Amazons Choice”, and twice as much…but, surprise, arrives tomorrow…..
“…problems plaquing tech bc they have brought several hundred thousand H1 visas into NYC, unfettered for years…I know what I want, I have to find it. It may take months…My boss is the exact person you described. Takes on more, does not know value and won’t confront anyone. 20 years and he is one-level lower than peers…”
Promise, I’ll check out of this conversation shortly…read the above snippets of your reply…why are you still there…..you’ve already been searching for that pinpoint job for years…..I’m not being an ass, I’m truly trying to help. GET OUT. Now.
You’ve identified the issues. They aren’t changing for the better. You know what you need. New, adjacent sector with the wind at your back in a growing organization with good management.
Right now you are racing the downwardly sloping lines of your business unit and your real, relative comp versus time hoping against hope that there is enough area between these lines and the x-axis before you need to retire. Not a plan. You still have a four handle on your age, right? Get moving.
The true reason you, I, or anyone continue to pay for Amazon Prime is Prime Video.
“Adjusted for inflation, the S&P is down at an annualized rate of roughly 40% so far in 2022, worse than any full year since 1974: BofA data”
Yup.
Boomer Remover says:
May 2, 2022 at 8:08 pm
The true reason you, I, or anyone continue to pay for Amazon Prime is Prime Video.
Inflation just eating away at pieces of people’s net worth.
I’m still waiting on an egg spatula which I purchased last week but is coming Thursday.
Prime Video helps to numb the frustration of the sleight of hand. Also, I feel bad about the UPS trucks stopping by multiple times per week so now I group them into once a week drops.
Good ol Cathie wood was the canary in the coal mine. Instead of busting her balls…people should have saw what was coming. Nothing is safe now.
“New orders declined to a 22-month low in April.
The slowdown is far from over.
Every asset class is pricing in the slowdown. Rates are still overpowered by Fed expectations.”
https://twitter.com/epbresearch/status/1521189694616256514?s=21&t=6snFufW0A8shHywIsjiY5g
Instead, the naively thought this was a Cathie and chit company problem. Clearly bigger than that by now.
I use this as evidence to back my position on WFH.
“How Austin Lured the Most Workers Back to Offices
Hiring boom over the past decade has drawn many young professionals in tech-adjacent roles that are more likely to be located in the office”
https://apple.news/AKal8aQWhTZqMBu0Yx0zbJw
BRT,
“The Ministry of Truth official literally was supportive of the most-egregious censorship campaigns in my life…Not happy with the Biden admin on this one.”
We need a Jen in here to Doocy these types of inaccuracies
https://www.youtube.com/watch?v=8Xp0ZzjMRJs
“Ukraine farm losses will put a dent wold wide grain supplies this year,”
I am a big champion in Right to Repair. I am against John Deere, Tesla etc tying their hardware up tighter than an Apple Mac. But today I found the one good use. Russia started trucking lots of stolen Ukrainian Farm Equipment back to the motherland, but the dealership Bricked it.
https://www.cnn.com/2022/05/01/europe/russia-farm-vehicles-ukraine-disabled-melitopol-intl/index.html
“will order 15 lbs of Bacon from Wisconsin every six months.”
I have 10lbs of Pork Loin for Canadian Bacon hitting the smoker tomorrow. I’ll slice it, vacuum seal and freeze it. Total cost around $25.
I prefer Loin Bacon as its more flavor and less fat.
I don’t watch prime video. I also don’t by any produce at ShopRite. There is either something wrong in their distribution or they just buy old stuff, but nothing lasts even close to the date on bagged goods and their fruit all blows. I think ShopRite got too big, too fast and is now on the downward slope that all supermarkets eventually take due to dynasty costs in a tight margin sector.
As for Restaurant Depot massive sized purchases. I purchased a basement upright freezer (replaced my annoying chest freezer when I flooded) and keep it stocked. Tonight I made Pad Prik Khing Flounder and Massaman Chicken. My freezer has shrimp, flounder, tilapia, Faroe Island Salmon. Chicken breasts, quarters, tenderloins and wings. 6 racks of ribs (prefer spare over baby backs). Always have one picnic, shoulder or butt for pulled pork. Steaks, I don’t like to keep good cuts in deep freeze for risk of freezer burn, but always have one brisket in there. Then some sirloins and flanks/skirts and hangars. I always have a box of their cheesesteaks and burgers too. I do a pretty good job rotating through it all. I’ll buy sausage and ground beef from ShopRite because when they put it on sale, it’s a loss leader and the quality is pretty good. On the canned tomato tip (for homemade pizza), I’m a big fan of nearly all canned crushed san marzano plums. The $2.19 can by Cento (28 oz.) is my go to, but I add a little red wine and some good EVOO to it as well as fresh basil. For cheese, I buy their shredded mozz/prov mix in the 5 pound bag for $12 when it goes on sale. I am totally sold on the Saturday Night dough recipe from the NYTimes. For seafood, Restaurant Depot can’t be beat. Especially whole fish and shellfish. I periodically buy the 50 count bag of blue points for $17 when it’s on sale. Whole Foods charges $2 an oyster.
I don’t eat bacon much anymore. Just too unhealthy. About once a year I’ll roast some pork belly and will make egg rolls with it.
Says the man who lives two traffic lights from the Whole Foods.
Juice Box says:
May 2, 2022 at 3:32 pm
and we hit up Whole Foods for fresh and organic a few times a week
Stu: When in CR look up Almacén de restaurante
I actually belong to the “Pig of the Month Club”
10:55am
40% of those who take on debt never earn a college degree.
Yes I know Chi you are roughing it our there in the woods, Acme market might as well be the Piggly Wiggly.