From MarketWatch:
Annual home price growth saw ‘the greatest single-month slowdown’ since at least the early 1970s. Does this mean homebuyers are finally getting a break?
Is this the news home buyers have finally been looking for? In June, the annual home price growth rate saw the “the greatest single-month slowdown on record since at least the early 1970s,” according to mortgage data and analytics company Black Knight. What’s more, this was coupled with the “largest single-month influx of for-sale inventory in 12 years,” the firm noted in a release about its latest Mortgage Monitor report on August 1.
The report reveals that June was the third straight month of cooling, with annual home price appreciation dropping from 19.3% in May to 17.3% in June; this is an even more pronounced drop even than in 2006. (For its part, the US CoreLogic S&P Case-Shiller Index also marked a decrease, with June “appearing to be a tipping point with a more significant pullback in buyer interest,” according to a report released at the end of July.) In fact, all 50 top metro markets saw growth slow in June with one in four major US markets seeing growth slow by 3 percentage points or more.
But why are we seeing this cool down? Holden Lewis, home and mortgage expert at NerdWallet, says mortgage rates are much higher than they were at the beginning of the year, forcing buyers to shop for homes in lower price ranges so they could afford the monthly payments. “As people buy less expensive properties, they drag down the rate of house price growth. This summer’s main lesson is the importance of setting a reasonable asking price,” says Lewis.
What’s more, Zillow economist Nicole Bachaud says the housing market is in the midst of a major transition. “Buyers have hit an affordability ceiling and demand is pulling back, causing homes to pool on the market as sales slow. Home sellers are being forced to adjust their expectations and many are opting to stay out of the market and keep their favorable interest rate,” says Bachaud.
To the delight of homebuyers and the chagrin of home sellers, Greg McBride, chief financial analyst at Bankrate, says this is not the housing market of a few months ago. “Sellers won’t get the moonshot asking price they thought, it will take longer to sell and there won’t be a bidding war. While buyers have more negotiating power now, mortgage rates remain above 5% and home prices are still lofty,” says McBride.
While headline-generating movements are to be expected during this period of transition, Bachaud says it’s important to remember just how far prices have risen not only during the pandemic, but over the past decade. “We are talking about small dips from record highs. A fall back near pre-pandemic levels is very unlikely as overall housing supply will remain a barrier and demand will still exist on the sidelines,” says Bachaud. Ultimately, she says, this a much-needed market rebalancing could help some first-time buyers catch up while homeowners will retain much of the equity they’ve built over the years.
First
Over the weekend a lot of the economic articles that I have read keep talking about economist unable to pin point trends as the social zeitgeist has changed, the mention a lot of odd non-rational consumer behavior, a lot of YOLO -you only live once, with an end of time social feel to it. Looking at other many major media articles the new Y2K seems to be around the 2024 presidential cycle.
So it follows that consciously or subconsciously many in society are making financial decisions that are based on a deep believe that the country will be significantly different and not in a good way after the 2024. They are preparing for very bad times and having a good time now.
Well any thoughts? Please keep the ideological bs at minimum and pumpkin go do some edibles today and go to the dunce corner.
Cathie and people like her fleeing failing states are keeping Tampa area real estate prices rising there, up 36% yoy in May.
corelogic.com/intelligence/us-corelogic-sp-case-shiller-index-marches-to-a-slower-beat-up-19-7-annually-in-may-marking-the-second-month-of-deceleration/
At least lately there seems to be a bit of inventory to bid on, as price hikes of a year ago have led to supply coming into the market now.
Beautiful day at the beach yesterday, great ocean breezes. Beach crowded, but certainly not packed. I was surprised since it was a great beach day. Cookman Avenue in Asbury pretty quiet; no problem getting a table. Flew home on the GPS , under an hour. It’s hard to read what’s going on, people cutting back with high inflation, maybe travel to Europe, don’t know. But, it’s August and yesterday was a beautiful beach day, I would have thought big crowds.
No One, on the way back, driving out of Key Largo, I stopped at a popular fruit stand. They were erecting these townhomes, maybe 500 or so and they were signs saying “low 300s”. Not sure if that’s high for the area but I imagine it is. But yes, a lot of development all over.
2021 headlines are backkk!
“$AMC Paused due to volatility”
Who would want to move their family to a swamp filled with the Florida man? Maybe Cathie has lost her mind..
Nyc to TB…
That’s no different than moving from Paris to TB. Sophisticated city people must be dying off…
HotMonday ThoughoftheDay says:
August 8, 2022 at 8:23 am
“…the social zeitgeist has changed, the mention a lot of odd non-rational consumer behavior…with an end of time social feel to it”
I don’t have any thoughts on consumer behavior other than it’s confusing, but definitely some thoughts on the social zeitgeist/end of time item. No doubt there’s a covid-changed-everything aspect to it, but I think there’s a broader issue affecting many people (perhaps conservatives more than others) which is that American institutions are failing, and that as a result, the issues we’re currently facing — both domestic and international — may not get better. I won’t go deeper since you asked for ideology-free responses, but suffice it to say, I think many people feel that with respect to the difficult issues of the day — crime, war in Europe, brewing conflict in Asia and Middle East — the good guys might not win.
Covid did indeed f’k everything up. They don’t care about progressing. They have no ambition. All they care about is doing the least amount of work that they can. WFH is a product of this disease that spawned out of the lock downs. Productivity is tanking. It’s not good out there in the economy right now, and the most f’ed up ironic part, these people are getting paid top dollar to do the bare minimum because they can’t find enough workers (no one wants to work anymore theme). Work life balance and flexibility are another way of saying that the worker doesn’t give a f’k and is not motivated to work. They simply don’t care anymore.
“Quiet quitting: why doing the bare minimum at work has gone global
The meaninglessness of modern work – and the pandemic – has led many to question their approach to their jobs”
https://amp.theguardian.com/money/2022/aug/06/quiet-quitting-why-doing-the-bare-minimum-at-work-has-gone-global
The Great Pumpkin says:
August 8, 2022 at 9:47 am
“Who would want to move their family to a swamp filled with the Florida man?”
Looks like BlackRock is the latest to answer that with an “I do!”. How many more firms and high net worth individuals need to escape to Florida before you get the picture — red states are functional, blue states are dysfunctional?
https://www.wsj.com/articles/blackrock-opening-south-florida-snowbird-office-for-dozens-of-employees-11659906957
American institutions are failing…
Yep. When you change requirements, adjust standards, attempt to artificially level the playing field, ignore accountability and responsibility, bypass details, this is where you’re end up.
Hot Monday: Interesting analysis on your part. In short I would say most people just don’t care anymore, recession, no recession, inflation, war in Europe, China growing ever more threatening, the list goes on. People look around and see the choices for 2024, and are just shaking their heads. Many just don’t believe the rhetoric anymore from both sides, and simply don’t care.
Small,
That’s just the product of the ultra rich lining up the Florida coastline. They don’t live there, they vacation there half the year to save on taxes. Florida doing a great job of f’ing our country by inviting dead beat dads, bankruptcy avoiders, and the greediest slimeballs to take advantage of the dirty system they created to attract money to a swamp. It sure is working..just like they made it a great place for drug dealers.
Fed s Daly, says 75bp hike in September, possibly followed by another 75 in November, and perhaps 50 bp in December. She says again, that the Fed is nowhere near done. No more silly pivot talk.
From the article I shared.
These people are getting paid top dollar and get to work from home, and are still not happy. Talk about entitled losers. Like a rich kid crying about how bad his life is because his life has no purpose. When will people learn that work is a part of life and it gives purpose. It makes you happy.
Always searching for fun is bad news. It’s like taking coke regularly and then dulling your entire world. Nothing is fun anymore, you had too much fun, didn’t balance your life, and now are depressed that life isn’t fun.
These people did it to themselves. Took work life balance and totally tilted it to the life side with wfh. Now they don’t get the feeling of appreciating being away from work. They don’t get the endorphin rush of coming home from work. They are in a living hell that they advocated for. Age old saying…too much of anything is bad news.
“Instead, they are doing just enough in the office to keep up, then leaving work on time and muting Slack. Then posting about it on social media.
Maria Kordowicz, an associate professor in organisational behaviour at the University of Nottingham and director of its centre for interprofessional education and learning, said the rise in quiet quitting is linked to a noticeable fall in job satisfaction.
Gallup’s global workplace report for 2022 showed that only 9% of workers in the UK were engaged or enthusiastic about their work, ranking 33rd out of 38 European countries. The NHS staff survey, conducted in the autumn of 2021, showed that morale had fallen from 6.1 out of 10 to 5.8, and staff engagement had dropped from 7.0 to 6.8.
“Since the pandemic, people’s relationship with work has been studied in many ways, and the literature typically, across the professions, would argue that, yes, people’s way of relating to their work has changed,” Kordowicz said.”
Getting up, getting ready, and going to work is the pain that leads to pleasure. It’s a beautiful balance. Now these f’ers have no pain with wfh and are becoming depressed because they no longer understand what pleasure is because there is no pain to remind them. They have become full on depressed coke heads that get zero good feeling from the drug.
Good grief, this stock market looks like 2020 again. Ark is ripping. I don’t agree with it, but maybe i am wrong. Market isn’t rational. Might be time to shoot the bear (the market doesn’t care about Fed rate hikes), and put on your bull hat. I’m still staying out, but I might end up regretting it.
That is right, 3B. I am on last leg of 12 day tour of West. I think bit of a last hurrah feeling. The Fed policy of money printing and asset inflation reached the wealthy boomers, as always Gen X and oldest millennials who owned homes pre-pandemic, felt equity wealth and spent accordingly. Two days in Vegas. Vegas children’s museum was packed. Overall, place is a sad, disgusting pile of sh&t if you ask me. Still building everywhere but it is almost ‘go into money runs out’ vibe. Bitcoin buying kiosks all around. In CA, restaurants and kids entertainment centers still crowded. Fat and tatted still out there putting it on credit. On bus to Zion now..half full, mostly Canadians and foreigners. Prices dropped for a month. I think this is end. Demand waning, pretend everything a-ok. We think patriotic capitalists will save us and no unemployment coming. It is the final shoe. They will squeeze every nickel and use the selfish political party to ensure they don’t get taxed a penny. Last hurrah indeed.
Cheney / Sherrill ’24
Bill Kristol’s tweet:
https://twitter.com/BillKristol/status/1556285768510984194?cxt=HHwWhMC-kabqhJkrAAAA
I’m not sure what the cause is, but it started long before the Pandemic. People in this country have become more and more selfish. Few even bother to signal their turns anymore, let alone the insane number of drivers that risk their own lives, as well as mine, treating highways like the Autobahn. This selfishness can be seen nearly everywhere you look. Few holds doors for the next person anymore. Just chat with most 20 year-old or younger people today and so few are cheerful. Sure, there are a few kids left who have parents that taught them manors and respect, but it is now more a rare occurrence when it used to be the standard.
When I went to Costa Rica, you really felt the difference. For example, the rental car shuttle bus driver brought our bags directly to the check-in counter for us. The gentleman who checked our bags was extremely courteous. He explained how the terminal worked, suggested we get a meal after passing security, not before and was simply a pleasure. Same with their security and even the cashiers at the Hudson News novelty shop (yes they even exist in CR, which is silly) were generous. I went to purchase a bottle of water for the flight that was warm. As I go to purchase it, the cashier asked if I desired a cold bottle since he had just put all of these in the refrigerator, but had cold ones in the back. Every which way you turn down there, people are respectful. Even when we first arrived, it was 11:30pm local time by the time we cleared customs (12:30am EST). We planned to Uber (which is technically illegal down there) but they don’t allow them in the airport so we would have had to walk quite far in the oppressive humidity with bags in tow to take one. And our group was too large to fit in a taxi. Within two minutes I asked one of the tour guides what we should do and he was able to arrange for a van to get us to the hotel for a reasonable price. It was tricky because my smart phone wouldn’t work once we left the baggage claim with the free wifi. Again, I was never concerned. I knew someone would help us. And they did, instantly. Here, you would get a, “fuck off.”
The other thing I noticed about people in our country is simply, how dumb so many people have become. As I’ve gotten older, I sometimes like to think with age has come more wisdom. But I am blown away by how few people you meet today have an educated brain. They can’t do simple math. They believe anything. And the desire to be a social media celebrity is so strong among so many.
We have really become a society of stupid, selfish morons. I imagine it has a lot to do with our rapidly lowering quality of life.
Lib: I agree people are becoming more and more stupid and selfish, and arrogant, and it started before the pandemic. I see people literally letting doors close in peoples faces, knowing full well they are doing it. I am always courteous to women, holding the door, waiting for them to depart an elevator first, you do it now, and never a thank you, and in fact sometimes a dirty look, maybe it’s a male privilege thing, I don t know, and don’t care, but I still do it; it’s how I was raised. As far as stupid, I am seeing it with some members of my extended family. It’s one thing to be uninformed, but the level of stupidity coupled with arrogance, is astounding! You wonder how they made it this far in life.
Bystander: Agree, definitely a weird vibe right now. Not sure how it all plays out, but I am guessing not good.
My mistake, my question made everyone too depressed.
Another one point of view. HBO’s show Industry, I’m late to the game but after binge watching I like the show.
You can see is a Lena Dunham show. Because she ruins it by getting rid of the hotties, and showing the bare fatties and lots of sausages.
In these modern accepting time I posit that she hates her fatness and has to punish everyone else by forcing you to watch good shows with ugly fat people and many sausages all over.
The inventory picture is really bleak right now in the housing market especially in the 750k-1m range. There is almost nothing with a decent commute to path train / jersey city / Holland Tunnel that isnt next to a high voltage power line, a busy road, a river, or a cheap flip / full outdated house.
Lib,
People are also high as sh$t. Took bus from Golden Nuggets at 5:15 am and Fremont area was skunk central. I have no qualms about legalization but lack of self control is rampant. I also thought Vegas had cheaper food to allow for more gambling money. Nope..18 dollar burgers and $9 breakfast yogurt all around. Beers are $8. I am sure you have a plan but Vegas is not for me. 5th time here and probably last. People are so flagrantly reckless and dumb.
Pumps.
On the market. I’m 50/50 about the near-term future. So I am positioned likewise. This is how I’ve always done it in turbulent times like we are currently experiencing. This way, I only lose half or gain half if the market moves dramatically in either direction.
You do realize, this bounce takes us back to the same place we were in in March, April and May of this year as well as December 2020. And it looks like it’s hitting some resistance.
Have patience.
“Sure, there are a few kids left who have parents that taught them manors and respect,”
This is the lesson the kids get today from the “adults.” Blame yourselves.
https://bit.ly/3A5j2NP
Or this winner. Can’t top this one. And it used to be men who acted badly-don’t know if that was just our “reputation” but now you are seeing more and more females acting aggressively. Many drive faster than men as well- one just killed 6 people at an intersection in LA.
https://bit.ly/3A5PIqj
Met a “boomer” over the weekend through a friend. Nice enough guy- paid for my breakfast.
Bragged about how he loves his life. How the “utility” he worked for gave him a disability plan so good that for the princely sum of 1 dollar per paycheck it has managed to cover his disability for the last 10 years.
A disability he gave himself abusing alcohol, drugs, and being a sedentary f f.
You know, the type that shows up in my place on a weekend after crashing into a load of cars on the highway.
Bystander,
Got to know where to go for the deals. But ultimately, it’s the comp game that will provide my family a lot of perks at very low prices.
As for the tatted, methed out crowd? Yeah, there’s a lot of it, on the Strip and downtown. Those are two places I rarely see myself. Sure, I’ll drop by when friends are in town, but the burbs have a completely different vibe. I would have told you to stay at Green Valley or check out Summerlin. Summerlin reminds me of Princeton a little. Green Valley has lots of trees and parks and a nice river (wash) walk, depending on the time of the year. You went to touristville. Like anywhere else, you need to live like a local.
Or there’s a ton of cheap Thai, Korean and Japanese in Chinatown, which is huge.
There are still some amazing steak specials downtown and breakfast specials all over.
Check out the promotions at Ellis Island.
Oh, and cigarettes. Lots of them. No vape for the elite.
No problem affording them either.
Don’t forget to pay your utility bill, lest they turn off your gas or electric…
This would be great…
Wow says:
August 8, 2022 at 10:59 am
Cheney / Sherrill ’24
Yup, patience is key. Bear market rallies are not easy on the mind.
Libturd says:
August 8, 2022 at 11:36 am
Pumps.
On the market. I’m 50/50 about the near-term future. So I am positioned likewise. This is how I’ve always done it in turbulent times like we are currently experiencing. This way, I only lose half or gain half if the market moves dramatically in either direction.
You do realize, this bounce takes us back to the same place we were in in March, April and May of this year as well as December 2020. And it looks like it’s hitting some resistance.
Have patience.
Yea, who could have saw this coming…
“Sundar Pichai, Mark Zuckerberg believe Big Tech has too many employees who are chilling instead of working
Mark Zuckerberg and Sundar Pichai recently interacted with employees at Google and Facebook and highlighted that their companies have way too many employees but the production and work is not in line with employee numbers, hinting that many employees are just chilling and not working
It seems that good times are ending in Silicon Valley. In the last two weeks, two of the most powerful tech CEOs — Mark Zuckerberg at Meta (formerly Facebook) and Sundar Pichai at Google — have highlighted that tech companies probably have way too many employees, so many that there are people in these companies who are not working and are just chilling. While Pichai said this in a subtle way, by bringing a point about low productivity per employee at the company, Zuckerberg was direct and blunt. He said recently, there are a “bunch of people at the company who shouldn’t be here.””
https://www.indiatoday.in/technology/features/story/sundar-pichai-mark-zuckerberg-believe-big-tech-has-too-many-employees-who-are-chilling-instead-of-working-
Yea, workers don’t need to be in person and they don’t need to be managed.
Lmfao.
Whoever believes that nonsense is an idiot. Human nature will always look to take advantage over time. So yea, let the workers just manage themselves…everything will work out fine.
But then they tell me my pension is f’ed…no money.
“U.S. TO SEND $4.5 BILLION MORE TO UKRAINE FOR BUDGET NEEDS”
“$AAPL up 1% after story detailing iPhone 14 release delayed.
$GME up 3% after $NVDA warns based on decline in gaming demand.
$AMC up 8% on dilution.
I rest my case.”
“We live in the era with the greatest access to information, yet the most ignorant investing populace.”
Worth 10 mins of your time…
Visualizing The United Stated Debt Crisis
https://youtu.be/LfCpNuli1_s
“We have really become a society of stupid, selfish morons. I imagine it has a lot to do with our rapidly lowering quality of life.”
There is a great line in the movie “Hud”, said by Hud’s father (Melvin Douglass), to Hud (Paul Newman):
“Little by little, the look of the country changes because of the men we admire.”
I can think of one stupid selfish moron who is admired, even worshipped, by almost half the voting age adults in the US.
But having said that, I think you guys are too cynical and pessimistic. In my face to face encounters, I find to be as civil and polite as ever. It’s the more anonymous encounters- driving, the internet… where I think people people have gotten less civil.
Things that irk me: Every CEO wearing an open-collared shirt with a sport jacket. Is that supposed to exude authority and importance? Is is standard xcom attire? Must they dress this way in order to do a town hall meeting? Does it “enhance the strategy to move forward to combine synergies?” I hate those terms. Most senior execs are along for the ride anyway.
Yes, OC1. Mainly the issue is with those who you don’t know.
“Yes, OC1. Mainly the issue is with those who you don’t know.”
Not those we don’t know; I run into nice strangers all the time.
For most of us, it’s much harder to be nasty to a person standing in front of you than it is to be nasty to a blue Ford that is driving too slow.
“Little by little, the look of the country changes because of the men we admire.”
True. Some recent, left-leaning reformist was very persuasive and influential in having the plebeians believe that a transformation of classic America to a “new” America was the way forward. Another person comes along, knows that we need to pivot and regroup, not transform and the fourth estate does it’s utmost to distract the muppets just long enough to reestablish their control. It’s a constant battle of the valuable against valueless.
We are still in the aftermath of COVID lockdown on U.S. society. The retrenchment will happen soon enough….. the question is when? It is possible that Labor Day may be a huge dividing line, or maybe it is New Year’s. If the Fed hits us with 50 bps and another 50 bps, it will force the issue.
Hold your breath for Wednesday 8:30AM.
HotMonday ThoughoftheDay says:
August 8, 2022 at 8:23 am
Over the weekend a lot of the economic articles that I have read keep talking about economist unable to pin point trends as the social zeitgeist has changed, the mention a lot of odd non-rational consumer behavior, a lot of YOLO -you only live once, with an end of time social feel to it. Looking at other many major media articles the new Y2K seems to be around the 2024 presidential cycle.
So it follows that consciously or subconsciously many in society are making financial decisions that are based on a deep believe that the country will be significantly different and not in a good way after the 2024. They are preparing for very bad times and having a good time now.
To reiterate, anything you see during August…. crowds, society, financial markets, is to be ignored…… approaching 100% white noise…..
Chgo: I think September is 75 bp, but we shall see.
The pandemic housing boom saw builders get a little greedy. Eager to turn a higher profit, homebuilders ramped up production of unsold homes. Their thinking? Builders could easily find buyers before the so-called spec homes—short for speculative houses—are finished. When the housing market was hot, it went as planned. But the ongoing housing correction has flipped the script. Now homebuilders are fearing what six months ago was unthinkable: oversupply.
“Housing is believed to be structurally undersupplied, but we run the risk of finding more homes on the market than buyers in the near term due to cyclical factors,” Ali Wolf, chief economist at Zonda, tells Fortune. “I think there’s full awareness that in some markets, an increase in inventory may hit at a bad time—a time where demand has notably pulled back.”
2:57 every post. Pure vapid stupidity. Thanks
Greetings from Budapest!
Screw Disney and bring the family here. What a fun town! Cheap enough so that you don’t really look at prices or receipts. Cosmopolitan places to eat and drink, parks, thermal bath house scene is lit. $4 drinks. I feel like JJ would love it here. Find me flip flopping around in a terry robe sipping on $3 drinks.
Just finishing up one of the better Thai meals I’ve had that I can recall ($40 for three and a half people). Haven’t really checked the news in over a week and decided to stop in here.
Was in Slovakia a few days ago, fresh off 43 shots at a Polish wedding. We ran into a couple from Toronto who bought in 2012 and cashed out just recently. They moved to Europe a month ago for the quality of life upgrade and are working with a builder on their custom house.
Only tolls I’ve paid thus far were two ten day highway vignettes, and that cost me less than a r/t trip into Brooklyn.
Finally some heavy rain showers. I was getting tired of living in the desert…
You know it’s getting bad when you see a burning bush.
Plague of insects, a pox, famine, and inflation…
What’s left? Isn’t that all the horsemen?
Gator just said the FBI raided Mar-A-Lago. Heard Trump now wants to defund the police.
“Garbage stocks are going to the moon again.
Bed Bath & Beyond opened 64% (!) higher today and AMC went up 75% during the last 6 trading sessions.
Bear markets rallies can be very weird, with huge gamma squeezes where you’d expect them the least.”
Get rid of all options altogether before the kids get hurt over and over.
“Looks like meme stocks are back and so the meme ETF is up 23% in 10 days, best run of its existence. Here’s the holdings. No $BBBY but it has the rest of the usual suspects… fee: 69bps”
https://twitter.com/ericbalchunas/status/1556733569548324864?s=21&t=eH_DNCd34C4QRlcXBEFCYg
Two Words: Probable Cause
Phoenix, you said this is would happen. And people think their high paying white collar job won’t suffer the same fate under WFH. And how bout that Florida education system…losers.
“The district has 430 teachers and that includes teachers from countries such as India, the Philippines, Peru, Jamaica, Nicaragua, Ghana and Mexico.”
https://wjla.com/news/nation-world/florida-district-goes-outside-us-to-alleviate-teacher-shortage?fbclid=IwAR0JeWgRtTEET4klwwyDKcT4Mi9kqj0Yp06G-WZZ6yFTbtSRqWovI2VOhoU&fs=e&s=cl
These clowns. Of course they would say this.
Just funny, kids from these nations are not good enough to be friends with your kids, but their parents are good enough to teach your kids. Lmao. I give up with human nature…one big comedy.
“”Now middle schoolers are now being exposed to cultures from all around the world,” Tedders said.
“This program is really a win-win for both the students and teachers. I’ve experienced that,” said Evan Boney, a sixth grade teacher from India.
Boney says he tries to bring a perspective to the students that they might not get from a teacher from the U.S.”
How much cheaper will my $300 Costco trip be under the Inflation Reduction Act?
Nice Boomer,
I’ve had my eye on Budapest for a while…among other places. I’ve yet to travel to Europe. Speaking of deals on meals, my dinner for 4 in Little Havana was $20.
6:19 mmmm buuuush
Budapest and other central/eastern european capitals might be some of the best value locations for global digital nomads. As civilized for day-to-day stuff as the US or Western Europe (tasty restaurants that won’t make you sick, safe to walk around in, clean water, etc) but you can find rent for an apartment for under $500/month. For non day-to-day stuff, I have never tried to have a medical procedure done there or tried to purchase a car, so I don’t know how those things go.
If someone has a job where the time zones work and they are 100% remote, Budapest and similar are very good places to live. Lol, imagine a $100k remote wage against $500/month rent; no car costs because you live in a walkable city.
We don’t know exact reason of raid because there are several different crimes it could relate to. Amazing
I like President’s whose homes haven’t been raided by the FBI.
BRT,
Where in Little Havana and how was it?
El-Erian , says inflation will be sticky, and remain entrenched, even with recent signs it might be slowing.
El Ray de Las Fritas. Awesome Cuban burger. I’ve had the style elsewhere at some spots in NJ but they were just imitations of the real deal. That traditional cuban bread really does make a huge difference.
The real lesson to be learned here is don’t mess with librarians at the national archives.They will throw the book at you! Imagine the crime they are going to prosecute him for is stealing documents lol, not tax fraud, not Jan 6th, not election interference in Georgia but stealing documents from the White House…
Now that the unprecedented step of issuing a search warrant on the residence of a former POTUS has been taken, it will be far easier for other prosecutions of Trump to gain traction. Think it is fair to assume this step would not have been taken unless this prosecution was a slam dunk.
Wages and Prices
Workers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation. Average hourly earnings grew 5.2% in July from a year earlier, and annual wage gains have exceeded 5% each month this year, the Labor Department said Friday. The rapid earnings growth adds to other evidence that employers are continuing to increase pay as they try to find and keep workers in a tight job market. Wage gains help consumers spend money in the face of higher prices for restaurant meals, groceries and lodging. But many companies are having to pay more for labor at the same time that other business expenses are rising, leading firms to pass rising costs on to consumers, Sarah Chaney Cambon reports.
Don’t mess with the librarians..you will do time in jail.
https://www.archives.gov/research/recover/notable-thefts.html
Catching up on random threads…
Good to see that the Left and the their ‘moderate’ proxies in the R party are at least being honest in their goals regarding their intentions…several recent admissions, including Dick Cheney himself, coming out and saying the ‘goal’ is to ensure that DJT never gets near the WH again..so much for fact finding and fair hearings…
Also interesting in the context of those Liberals here whose panties get all twisted as I suggest the US evaluate which objective criteria ought to be used for voter eligibility…recalling of course every representative democracy on Earth including our own currently uses select criteria to determine who is eligible to vote. Meanwhile, even the suggestion of re-evaluating the existing criteria used in the US is verboten and brings an intellectually bereft pavlovian reflex of a barrage of ‘-ists’ without any hint of irony as they support personally obviating the vote of 73 million of their fellow citizens. The hypocrisy and arrogance of the Liberal mind never fails to amaze.
3b, good to see you’ve returned from your [psychedelic] trip…75bps thoroughly in the realm of reality; 100/100 or better 125/125 not a fucking chance. Of course data dependent so fine tuning more than that is nothing more than speculation and as Chi notes August is a throwaway month with the slight exception of tomorrow morning.
Re: the opening post here, which we’ve seemed to move away from, but my two pennies nonetheless…I suggest ‘victim’ culture as a contributing cause…consistent with Lib’s observation that it began before covid and I would offer was greatly exacerbated by covid…if everything/anything off in your life is ‘not your fault’ and due to some ‘wrong’ on you by someone else it is very easy to be downright pissed at your fellow [anonymous] citizen and hostile to society in general…if, on the other hand, you are responsible for your own outcomes when something is off-center in your life you tend to look inward and reflect on what you can change personally or around you to fix it, and potentially see surrounding society as an opportunity for that fix at least if not actually helpful. Worth thinking about.
Well, since wages keep rising, teachers are f’ed. Getting robbed blind by inflation. Time to get a real raise instead of the 1% they are giving. Enough is enough. If this inflation keeps up, losing almost 20% of my buying power over 2 years. And they want to raise insurance premiums by 24%?! Comedy hour.
Looks like the 2s and 10s are the most inverted since Lincoln got shot at the movies, which is obviously bullish AF.
This market sucks.
Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data to be released Tuesday, their worst annual performance since 2009 and a fresh sign of the chronic financial stress facing governments and retirement savers.
Much of the damage occurred in April, May and June, when global markets came under intense pressure driven by concerns about inflation, high stock valuations and a broad retreat from speculative investments including cryptocurrencies. Funds that manage the retirement savings of teachers, firefighters and police officers returned a median minus 8.9% for that three-month period, their worst quarterly performance since the early months of the global pandemic.
“It was a really, really bad quarter for investing, there’s no way around it,” said Michael Rush, a senior vice president at Wilshire.
The results underscore the pain felt by many investors in a year characterized by a rare combination: simultaneous sharp declines in both stocks, which are understood to be risky, and bonds, which aren’t and accordingly are often purchased by investment managers as hedges.
That one-two punch has pummeled household and institutional investors alike as the Federal Reserve has pushed short-term interest rates higher to rein in inflation. For state and local governments around the country, the losses will mean higher annual retirement contributions in the coming years, forcing many public officials to raise taxes or other revenues or to cut services.
Public pension funds have hundreds of billions of dollars less on hand than they will need to cover future benefit promises. A record run in stocks afforded them a decade of relative breathing room. But even after a blockbuster median return of nearly 27% last year, many retirement systems remained underfunded with the growth in expected benefit costs outpacing the growth in assets.
Well, Privilege more than qualification is what has kept you employed most of your life.
Fast Eddie says:
August 8, 2022 at 10:00 am
American institutions are failing…
Yep. When you change requirements, adjust standards, attempt to artificially level the playing field, ignore accountability and responsibility, bypass details, this is where you’re end up.
You have to be an absolute idiot to go into teaching now. Wtf does it offer? Low pay, prob no pension, and expensive healthcare premiums. You also have to go into work while the people getting paid more than you don’t. Sign me up, scotty!
“El-Erian , says inflation will be sticky, and remain entrenched, even with recent signs it might be slowing.”
This Fed will let it run warm…it is what they have told you for four years, how they’ve acted for at least three years, and entirely consistent with their DNA. They will continue to give lip service to a ‘long term’ 2.0-2.5%, which is fantasy for at least 24 months…while forecasting a target of, what, 4 or 6 percent by year end? Which is the best case and the risk on a miss is to the high side, obviously.
Everyone keeps shaking the cup and trying to make conclusions of random patterns of tea leaves…listen to what they say, reflect on what they’ve done, look at their CVs to determine their future actions…it really is that simple….no need to waste the money and mindspace staring into your darjeeling….
Dick Cheney a moderate? LOL!
“I suggest ‘victim’ culture as a contributing cause”
“you are responsible for your own outcomes when something is off-center in your life you tend to look inward and reflect on what you can change personally or around you to fix it, and potentially see surrounding society as an opportunity for that fix at least if not actually helpful.”
Half truth. Sometimes you can recover from certain things, other times you cannot.
Society is not here to help all. It helps some.
And as far as “voting criteria” there are those of us who may fit your category to vote today but not tomorrow. I truly appreciate your thoughts and intent on removing another one of my rights and liberties just like those who have done so before you.
There are “professionals” that get paid to do their jobs.
When they screw up- things happen.
Your neurosurgeon screws up, you don’t walk
Your police officer screws up, you get a bullet in the head.
Your lawyer screws up, you don’t get paid.
Your mechanic screws up, your engine blows.
Your financial adviser screws up, you don’t retire.
Don’t expect society to help you when any of these muppets don’t do their jobs correctly.
“Dick Cheney a moderate? LOL!”
That’s what I say!! But your party is firmly behind him and his daughter!
Guess he’s no longer a war criminal. Or, at least, now useful one….
Watch it there tough guy.
Phoenix says:
August 9, 2022 at 11:01 am
There are “professionals” that get paid to do their jobs.
When they screw up- things happen.
Your financial adviser screws up, you don’t retire.
Don’t expect society to help you when any of these muppets don’t do their jobs correctly.
Chi,
We all know muppets in our professions.
That’s what I say!! But your party is firmly behind him and his daughter!
Sounds kinky.
Cathe Wood financial expert on China.
https://youtu.be/k6XFjWBKD4U?t=368
Think it is fair to assume this step would not have been taken unless this prosecution was a slam dunk.
Steele dossier, Russian Collusion, fake impeachment I & II, January 6th erect1on and now this. All were a slam dunk. Go ahead, indict, prosecute and convict Trump. Do it!! Your side is dead. If anyone was on the fence, they’re done. You thought Jan. 6th was a so-called assault on democracy? The dems just said, “hold my beer.” Roe vs. who? LOLOLOL. What is the left afraid of? Doesn’t matter. This is the left’s version of the purge. Does anyone think anyone is exempt from 85,000 new brown shirts in the IRS, too? “But I’m loyal to the cause, how can they do this to me!” You think we were a divided nation before? You ain’t seen nothing yet.
Well, Privilege more than qualification is what has kept you employed most of your life.
You sound like a rac1st and a b1got.
“And as far as “voting criteria” there are those of us who may fit your category to vote today but not tomorrow. I truly appreciate your thoughts and intent on removing another one of my rights and liberties just like those who have done so before you.”
Sounds like you’re under another dark cloud…
No representative democracy on Earth has open polls for everyone. Every representative democracy on Earth has objective criteria for voter eligibility.
I’m making a simple, rational suggestion that our criteria be reviewed and changed. As it has been in the past. And inviting everyone to participate.
As it relates to everyone being eligible to vote Zuck or Brylin could have a more secure manner than our historical system on a mobile in less than 60 days…and nothing would be more dangerous to our Republic (remember, we are such and not a Democracy).
A good portion of this debate started when I asked should your vote count as much as a hillbilly meth head or illiterate inner city resident. Addressed not to the generic ‘you’ but to one of our liberal leaning posters here…I’ve received no rational answer but emotion and name calling from all quarters…
So, question: If one does not contribute to society or does not have the basic functionality to process his act of voting does that person have a ‘right’ to vote?
This is not about me or some pre-determined political outcome…as I said my discussion originated lifting the right of one of our more liberal posters…
Another illustration of my perspective…If you were to pick ten random political, social, and philosophical topics and compare my views and, say, Fab’s views I am quite certain you would go zero for 30 on agreement…yet, I firmly believe Fab’s vote should have a relative weighting of ‘one’ and the local meth head/urban illiterate vote should have a relative weighting of ‘zero’.
So…in your opinion should YOUR vote count as much as this person’s vote? Specifically your vote, not the generic you. Easy yes or no.
https://www.independent.co.uk/arts-entertainment/photography/skid-row-la-homeless-crystal-meth-crisis-b1934786.html
“Think of how it all started: America was founded by slave owners who informed us, “All men are created equal.” All “men,” except Indians, blacks, and women. Remember, the founders were a small group of unelected, white, male, land-holding slave owners who also, by the way, suggested their class be the only one allowed to vote. To my mind, that is what’s known as being stunningly–and embarrassingly–full of s.”
LW,
If I end up like that in the future, yes, my vote should count.
I’ve earned the right to vote. I paid taxes for years. I produced income. I helped people.
Just because people like you think that because I no longer own property and maybe become destitute later I shouldn’t have the right to vote anymore?
That’s messed up thinking.
Lib, WYNN reports overnight. Any views, especially from having been on the ground?
Kind of interested on a bottoming out play of a quality company, although the Macau concession timeline frightens…..
Haven’t been active much in the last week, living life….did throw a small short on PLNT overnight…was with one of my sons last week traveling and he was full on rant mode against them…kind of nodded along but when I saw they report this week decided to take a position, kept a dialogue with him for teaching purposes…pocket change, five lots but now I have to give the little fucker half lol.
Also, while researching WYNN stumbled on SRAD…may be a good small cap, ancillary play in the space. They and one other company basically have the data feed used by the online sports companies…good way to play growth in that space without the burden of absorbing all the loss leader giveaways. Need to research more, not likely your cup of tea but….if the fundamentals check out it would be be a screaming takeover candidate as well assuming ownership would so predisposed….
And the guy I posted about earlier, the overweight, smoking, lazy deadbeat that goes on disability- yeah, because he owns a house and gets a check every month he deserves a right to vote before I do?
Sounds about as American as you can get.
“LW, If I end up like that in the future, yes, my vote should count. I’ve earned the right to vote. I paid taxes for years. I produced income. I helped people.”
You are taking my direct question and turning into another, hypothetical question. Worse, you didn’t even have the courtesy to acknowledge that the criteria you put on the hypothetical I have already stated I am in agreement with.
Very simple request for debate.
Cut and paste the photo of the individual I provided.
The type affirmatively and without qualification “his vote should count as much as mine right now”.
Or tell me you can’t.
I like you. But stop obfuscating.
*Then* type affirmatively….
And stupidity rues the day once again in the markets. I guess they all feel the need to double down now that they all lost their shirts in Crypto.
Listen to the Chi man. It’s all noise until September.
1. Trump is a f-cking idiot.
2. His die-hard followers are mouth breathing morons.
11:27
one vote, one person.
You don’t get 100 votes because you are rich.
You don’t get zero votes because you are poor.
Iff’n you a rich retard as evidenced by Trump,
You get to be POTUS because other golden calf
worshiping half-wits vote you in.
“one vote, one person”
Not true, here and now. Not true in another other representative democracy.
Question is not whether a line gets drawn but where.
Speaking of New Jersey Pensions. No monthly performance reports since April..saving the bad news perhaps? How much are they down perhaps 20 Billion?
https://www.nj.gov/treasury/doinvest/directorsreports.shtml
Ex, Tell us what you really think. LOL
Why would anyone get into teaching today, pumpkin?
Where else could someone get paid to talk to small children about their own confused sexual identity and sexual practices?
Leftwing,
My party? That is like calling Republicans your party. What do you really know about me but what I write here? You can keep both Dick and Liz. Doesn’t appear either one of us is interested in them.
Eddie,
No impeachment is a slam dunk. Russia collusion/Mueller investigation was not a trial of any sort. Exceptionally high bar to get a search warrant against a former POTUS. You are mistaken if you think Department of Justice is just fooling around.
Here is the TV ad Dick Cheney is now running. The only reason this dark lord is still alive was because of a heart transplant 10 years ago.
https://www.youtube.com/watch?v=H6Nq9SpGzic
“My party? That is like calling Republicans your party.”
That hits home lol. Apologies for conflating your views with the established party leaning predominantly in that direction.
Juice
Wasn’t he the guy behind the patriot act, the color code terrorism threat levels which magically increased every time there was legislation that was going to reduce our rights, and one of the biggest advocates for invading Iraq? And he’s now the voice of reason?
All I can tell you about Wynn/Encore is that they still attract the highest end audience. They are luxuriously expensive. In Vegas, they will probably benefit from the opening of Resorts World (Chinese) across the street as their part of the strip has been quiet for a while. I’m not sure why, but they recently ran a card match promotion where they gave away the farm. Basically, if you had the highest tier gaming card from any other casino, they matched it with theirs and gave you the perks (like free golf, free rooms, etc.) for about three months. That won’t help their bottom line in the nearer term. This could be a good quarter for Wynn, though, since their comparable quarter TTM was terrible due to the covid peak that hit there last year (I went this time of the year) and emptied the city out. It’s probably a decent gamble, but nothing more than an overnight. Macau is true sh1tshow due to Covid and Chinese travel restrictions. Boston is doing better than expected. Like I said. A gamble.
SRAD is even more of a gamble, but that is a beautiful chart. Not sure how anyone in that space could be losing money unless they are spending too much on customer acquisition.
The republicans in Wyoming cast about 100,000 ballots in the last primary, you can bet everyone of them will be voting next week too. Polling shows a 2 point advantage for Cheny’s challenger. We shall see next week if Trump and his candidate can silence the Cheneys for good.
“Here is the TV ad Dick Cheney is now running.”
That’s the one. Pretty fair and balanced, huh?
And HMB, yes he was…
Real POS. Part of the ‘moderate’ or ‘established’ part of the Republican Party who with their Dem equivalents sold most of the country down the river through the ephemera of that most sought after and least productive political activity, moderate compromise.
Saddest thing is that his jumping in (and likely his daughter’s tenacity on this singular issue) is all about butt-hurt and bruised ego….Daddy’s nose got disjointed because the progeny of his term (Jeb) was a walk-in to the Republican nomination in 2016 but then an outsider came along, ran against everything Bush Sr/Cheney espoused, and… won lol…That nomination, in any circle from that prior Administration, was stolen from the family dynasty and tainted the Bush/Cheney destiny (as if it needed more)…No worry, more political progeny hanging around halls of governance than just Bushes (yay! /s) and Daddy’s little girl won’t let anyone pick on her father, no way, no how!
Kind of sad really. Ought to have a Constitutional amendment barring children of federal officer holders from becoming federal office holders. Grandkids OK. Kind of like a generation skipping trust. Call it the Anti-Dynasty Act.
Cool hat though. Want one.
Left
I forgot to mention all the no bid contracts his old company got for Iraq.
This is what Trump was doing 10 years before he ran for president. Playing the fool for the WWE fools.
https://www.youtube.com/watch?v=jkghtyxZ6rc
He subsequently turned Republican fans into looking as dumb as the WWE wrestling crowd who cheered him on back then.
I think it’s time to make rational argument the foundation of politics instead of WWE wrestling match tactics. The latter is exactly what Trump did when we was running for the nomination and presidencies. I don’t care about the Cheneys as politicians, but I’d like to see Republicans run some thoughtful candidates. Which excludes Trump and the MAGA WWE conspiracy politicians whose idea of an argument is beating someone with one of those WWE folding chairs. And right now “stolen presidency” is the intellectual equivalent of a WWE folding chair.
Lib, TY. Need to look at SRAD more closely.
Re: online, everyone domestically is losing money due to customer acquisition, the first forecast to hit profitability is in 2023 (PENN, IIRC).
Like WYNN on that count because they have a presence but incredibly small. Use it as a feeder to their physical plant. Like the physical plant play because it’s high end and Vegas has shifted dramatically with gaming actually making up only half of revenue mix from what it was decades ago, rooms share of revenue mix has doubled, and other revenue (basically high end amenities, parking, resort fees, etc) is skyrocketing. All highly favorable with current consumer trends. Macau is what it is, Chinese at some point need to re-open their economy, can’t keep it shut forever lol. And when it reopens would expect the same pent-up excess Vegas has seen. Concern there is that the ‘contract’ to run those casinos expired (along with everyone else’s) and was supposed to be renewed late June. Government punted all decisions to December. Binary outcome with no floor…not a play I usually make….maybe OTM call vertical for 2023 to lower cost, define risk, and provide largest (and commensurate) reward…dunno….fucking dumpster diving here….wish some black swan would just paddle by and give us all a 20% clearance sale on quality names. How’s Joe’s ticker doing?
Want to solve this? Pay up so you attract better candidates. People are quick to complain about 50k teacher performance, but refuse to solve the issue by paying up. Money talks, bs walks.
No One says:
August 9, 2022 at 1:04 pm
Why would anyone get into teaching today, pumpkin?
Where else could someone get paid to talk to small children about their own confused sexual identity and sexual practices?
Here we go again.
https://www.dailymail.co.uk/health/article-11095995/Langya-virus-Warning-brand-new-virus-detected-China.html#article-11095995
Looking at some older names on watchlist…hope MED was small investment club position and not personal…ouch.
We didn’t touch it. I have no play money until the house sells. My only stock positions are WRK, FSR and AAPL. Apple is 6%, WRK 3% and FSR less than 1% of my IRAs. My IRAs probably make up less than one quarter of my net worth. The rest are in sector ETFs.
MED from the 10-Q
We’re not immune to issues in the wider macroeconomic environment, and like many consumer-focused businesses, we’ve seen the impact of inflation on customer retention and consumer sentiment, which will cause slower-than-anticipated growth in the second half.
Numbers were pretty good, but guidance was spooky.
Gotcha. We spoke about you hopping into MED, recall mentioning I had been previously burned by a couple similar companies. Good pass.
No comments on the Wealth Creation Act for Private Equity…errrrrr…I mean the Inflation Reduction Act?
Assuming reports I’m hearing on CNBC are accurate (not an insignificant assumption) the provisions in there likely enable among the greatest amount of money to be transferred to the fewest individuals in a long time….there is pork more widely targeted in larger amounts, there is pork more narrowly targeted in smaller amounts but this bill if accurate….probably the largest transfer of wealth to the fewest number of individuals since the Gilded Age…will find the actual provisions but JFC, even I’m blushing at the sheer chutzpah….
Problem with freedom; you can’t tell them they can’t have a pet even though they will fail in taking care of said dog for its life. People are such f’ing losers.
“Record Inflation Causes Overcrowding In NJ Animal Shelters
As NJ residents face financial hardships and housing challenges, many are giving up their pets to shelters, which are now overcrowded.”
https://patch.com/new-jersey/wayne/s/icw0i/record-inflation-causes-overcrowding-in-nj-animal-shelters?utm_source=nearby-news&utm_medium=email&utm_campaign=alert
Lmao… I’m just going to grab the popcorn and enjoy the show. Been saying this for years, but no one listened. Now “today show” realizing the coming storm.
“There’s been a teacher shortage for years. What you’re seeing now is that it’s reached a tipping point.”
https://www.today.com/news/news/nationwide-teacher-shortage-2022-2023-school-year
I just love the answer to solving the teacher crisis…lower standards instead of raising pay. I really fear for the future. The level of disrespect for education in this country is a f’ing nail in the coffin. Yea, let’s just lower the standards to attract more teachers, let’s destroy this profession by filling it with total losers. Wtf is happening to america? Smh.
left-
“Saddest thing is that his jumping in (and likely his daughter’s tenacity on this singular issue) is all about butt-hurt and bruised ego”
Or maybe D. Cheney just respects our democratic institutions? Kinda like his former boss did?
https://www.independent.co.uk/news/world/americas/us-election-2020/bush-clinton-video-1992-election-b1614679.html
Seems AI is not going so well, Facebook’s AI went live this week and well it thinks Trump is president.
https://mashable.com/article/meta-facebook-ai-chatbot-racism-donald-trump
How much luck is involved in stock picking…of course, the winners will never say otherwise.
“There are 63,105 stocks in the investing universe.
But only 947 firms drove ~100% of the returns.
That’s less than 1.5% of the entire investing universe.
Without a screener, it is like finding a needle in a haystack.”
A relative of mine in middle America just had her rent contract expire. The re-up for the next twelve months is up over 40% from last year. Let’s see how far from reality the shelter component of the CPI is tomorrow.
https://twitter.com/truthgundlach/status/1557169827059421184?s=21&t=TOocMuVCvnpiePxtFvZ_NA
I just saw that quote about 947 out of 61000 stocks driving 100% of returns on Twitter. This dude must be paying twitter to promote his quote so rubes like pumpkin will follow him. That quote is BS, btw.
Forbes gets it. Brutal honest truth.
https://www.forbes.com/sites/petergreene/2022/08/09/there-is-no-teacher-shortage-so-why-is-everyone-talking-about-it/?utm_campaign=forbes&utm_source=facebook&utm_medium=social&utm_term=Valerie&fbclid=IwAR3E94dNkEgyAZ2v72Yfe7qmISC_sWkcokrIMxk8oti1pRxrqP8HRlwqdGY&sh=c8c86701fbed&fs=e&s=cl
He was making a point, and that point holds true. Most stocks make zero dollars, in fact, lose money.
No One says:
August 9, 2022 at 11:00 pm
I just saw that quote about 947 out of 61000 stocks driving 100% of returns on Twitter. This dude must be paying twitter to promote his quote so rubes like pumpkin will follow him. That quote is BS, btw.
So call me a rube for acknowledging the truth.
“Most Stocks Are Stinkers (and What You Can Do About It)
A handful of stocks is responsible for virtually all the gains in the stock market since 1926. The rest…”
https://www.kiplinger.com/article/investing/t052-c007-s001-why-most-stocks-are-stinkers-and-what-to-do-about.html?amp
Most stock traders lose money in the short term, and almost all of them lose money in the long term. For example: A study of eToro users found that about 80% active on the platform lose money, with an average return of -36.3% over 12 months1.
Hate me all you want, no one, but speaking the truth.
And I hope someone like you, no one, acknowledges the truth within that forbes article. You want a Porsche education on a honda civic budget incentive. Yea, you want these dumb mofos to dedicate their life for almost no reward. Nice! Real capitalists, stand up!!
Left
I see we have yet another BS diatribe. Your issue bumps straight up against the 15th amendment and the fact it was put in place because of people with views like yours.
I see you are going for the old Saint Ronnie trope of the Welfare Queen.
Yes the Meth heads get a vote if they are homeless in LA, living in a trailer park in Alabama or living off the trust fund they were left.
“Steele dossier, Russian Collusion, fake impeachment I & II, January 6th erect1on and now this. All were a slam dunk. Go ahead, indict, prosecute and convict Trump. Do it!! Your side is dead. If anyone was on the fence, they’re done. ”
Tick Tick Gary!
https://projects.fivethirtyeight.com/2022-election-forecast/senate/
And Joyce, before you start, and to finish the point from last week. I believe it was Grim that pointed out that when it comes to the Constitution the R team (and I would say a lot in here) cherrypick their views and positions. You cannot be Originalist on some views and a literalist on others. You cant have it both ways.
Also I wouldn’t define Jon Stewart calling Ted Cruz a MotherFcuker as Ad Hominen.
This week just keeps getting better and better.
“Rep Scott Perry (R-PA): “This morning, while traveling with my family, 3 FBI agents visited me and seized my cell phone.””
Fab – I heard they found a VHS tape in Tump’s safe but the FBI cannot apparently decode it.
Perhaps you can lend them some equipment?
Just home from work. Not work from home.
LW, I like you as well, but this was your post from the other day. I could easily see myself slipping into the category that you have chosen does not deserve to vote.
I currently don’t own any real estate. Lost all in the divorce. Still no retirement settlement, have attorneys fighting each other. Thousands out the door. Not getting younger. Have a child with child support payments, still not of college age.
I may very well be destitute ( they will garnish my Social Security) and don’t give a rat’s azz if I am eating Friskies or am homeless. They don’t care what she did or how we got where we are.
So no, not going to your comparison with a meth head, just this one you posted. I understand your point, but everyday in America I feel a bit of my liberties are taken away. Your post just added to that.
My socks are soaked in blood. Showering now. Night all.
“I like you. But stop obfuscating.
I’m on record here of even tighter restrictions…as I’ve said I would favor an ownership/tax test…if you own real estate (clear vested interest in your community) or if you actually pay income taxes (clear contributor to society) you vote.”