From the NAR:
Realtor.com® July Housing Report: Inventory Rises at Record-Breaking Speed
The inventory recovery accelerated in July, as active listings increased at record-fast1 annual pace (+30.7%) for the third month in a row, according to the Realtor.com® Monthly Housing Trends Report released today. Although buyers had more for-sale home options in July, competition remained largely in sellers’ favor, with listing prices near all-time highs and homes selling more quickly than pre-COVID.
…
Between supply and demand trends, July data indicates that softening buyer interest is the bigger driver of accelerated inventory improvements. With typical monthly mortgage payments now 1.5 times higher than in July 2021, recent home sales data shows that many buyers are putting their plans on pause, which is giving active listings room to grow. However, the shift in market conditions seems to be having the opposite effect on seller activity, with new listings declining for the first time since March. This suggests that some homeowners are reconsidering their plans to list in light of trends like declining numbers of homes under contract. Despite the new seller dip, active listings grew at a record-fast pace for the third straight month in July, further signaling a real estate refresh on the horizon for 2022 buyers.
- In July, the U.S. inventory of active listings increased 30.7% year-over-year, faster than ever before in Realtor.com®‘s data history, building on record-breaking paces in June (+18.7%) and in May (+8.0%). These continued improvements are partly due to ongoing annual declines in pending listings, which were bigger in July (-19.4%) than in June (-16.3%).
- Nationally, newly listed homes were down 2.8% compared to July 2021, with the biggest drops registered in the northeast (-14.3%) and midwest (-11.0%). With northern regions less equipped for scorching temperatures, these trends suggest that recent record-breaking heat waves may also have played a role in July’s new seller pullback.
- Relative to the national rate, active inventory grew at a faster annual pace (+41.0%) across the 50 largest U.S. metros in July, on average. Forty-five markets posted active listings gains, led by Phoenix (+158.7%), Austin, Texas (+154.5%) and Raleigh, N.C. (+137.5%).
- More new sellers entered the market than last year in 13 of the biggest metros, with new listings jumping most significantly in Las Vegas (+37.6%), Nashville, Tenn. (+37.1%) and Oklahoma City (+28.6%).
First
In 3rd world countries ex-presidents are above the law. Presidential grifting and lawlessness aren’t investigated there.
So much for the shortage of houses, and no one will sell.
Flashback: Hillary Clinton Took Home White House Property – Has Faced No Consequences
H Clinton wasn’t president dipshit. Nor did she state a f-cking coup attempt.
Stock market ripping. This rally is insane. It really is.
If inflation is subsiding and the reason is we are headed for a recession. Doesn’t this mean discretionary spending is f’ed? So why in the world is the market ripping? It’s absolutely insane.
Third world countries don’t have ex presidents. State powers are used to eliminate threats to their control. Obama did it with the Russia hoax and irs among others and Biden is doing it now.
This administration is thoroughly third world. The rigged election, the compromised figure head, lawlessness, incompetence and unaccountability at all levels.
Pathetic. Please brain dead Trumpers and other imbeciles
Please stop. You are embarrassing.
The person you voted for shlt his pants. The rogue powers don’t even bother to brief him. He’s incoherent and irrelevant. That’s embarrassing.
“Or maybe D. Cheney just respects our democratic institutions? Kinda like his former boss did?”
Saying this without any intent on sounding sarcastic or demeaning…how quaint.
Persons of power or wealth use all available tools to maintain and expand that power and wealth. Usually at the expense of – not in support of – principles.
Two explanations among many for the Cheneys recent actions…
D Cheney and his daughter are true altruistic patriots with a deep love of our institutions and are so deeply and so personally frightened by the person and policies of a single former President that they deem him “the most dangerous person ever” to America and dedicate themselves to his political destruction..or..
Cheney Sr was a lifelong politician since graduation from college around 1966 turning an early life of financial scarcity into deep eight figures wealth by trading off his posts, appointments, and directorships. The basis of that wealth was accumulated over only a few year tenure, later in life, as CEO of a company (Halliburton) the relations with whom he directly oversaw in his immediate prior government post (Sec of Defense) and was followed immediately by his return to the highest levels of government (VP). His daughter, groomed to follow in his footsteps, became the third highest ranking Republican in the House when, consistent with societal changes reflected in both parties, a brash outsider turned established-politics-as-usual upside down in the Republican Party. Liz Cheney – opportunistically – ran into the void created by the ensuing intra-Party split as the face of the Establishment. She lost that battle, and the Republican Party stripped her of her leadership roles some 50+ years after her father first set foot in the House as a not wealthy, twice convicted drunk driver with five deferments after seven years to finish University. She has one venue – and likely only one venue – to regain the power, prestige, and trajectory she and her family possessed just three years ago and that is to demonstrably prove the assertions used in her attempted Party power grab or she is dead woman walking.
So, you tell me, as a betting man are the Cheneys altruistic true patriots or opportunistic lifelong public trough feeding politicians trading on their positions seeking to regain and retain the family dynasty that was in the making?
As I browsed Wiki for basic facts this line among others stood out…
“Originally declining, U.S. Congressman Barber Conable persuaded Cheney to join the moderate Republican Wednesday Group in order to move up the leadership ranks.”
Barber was a ‘moderate’, President of the World Bank as well. After ‘tempering’ his political views [principles] Cheney was wrapped in those warmest of Establishment blankets, the CFR, as well as the AEI and obviously moved up rapidly (and profitably) in the Republican Party.
These people do not represent me. Nor do the Bushes, the Clintons, the Romneys, the McCains, et. al.
Quite frankly they disgust me, moreso than even the Orange Idiot does.
https://www.bbc.com/news/world-latin-america-56326389
I’m no fan of Trump, but of course in 3rd world countries ex-presidents are legally attacked by their political opponents. The above link mentions the well known case of Lula in Brazil.
One reason is that in third world countries, there’s lots of corruption, and the best way to avoid investigation of corruption is to stay in power, and develop loyalties within the state apparatus by corrupting them.
Kind of like Biden and Clinton and their families. Dirty, but the state bureaucracy think they are ultimately fighting for their values.
Trump needed to be cleaner than clean given how much the bureaucracy hates him, but he wasn’t, and worse, he attracted third rate political hacks of low morals to work on his election. Who else would have worked for a guy like him?
Very Stable Genius says:
August 10, 2022 at 7:49 am
In 3rd world countries ex-presidents are above the law. Presidential grifting and lawlessness aren’t investigated there.
“I just saw that quote about 947 out of 61000 stocks driving 100% of returns on Twitter.”
People who offer ‘analysis’ like the above should be shut down as dangerous to novice investors’ health.
Anyone spending more than an afternoon in the market knows 90+% of the entire listed stock universe (61,000 total) is entirely irrelevant. Why anyone would include the massive distortion caused by a data set 9x as large as the base is beyond fifth grade reasoning…
My watchlists start at the S&P500 and end at the 400 with a sprinkling of Russell 2000 names on neither but that stand out.
“My watchlists start at the S&P500 and end at the 400 with a sprinkling of Russell 2000 names on neither but that stand out.”
Yup!
“Markets celebrating softer CPI as meaning less Fed rate hikes. but they are missing a critical part of the story. What does it mean for margins? We will find out w PPI tmrw. Right now input costs (PPI) outpacing ability to pass along (CPI) by widest ever -worse even than 1970s”
“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.”
Fabs, there are two bright lines I’ve drawn on this board and one is to not debate politics with you.
Having said that, a couple facts and observations:
Every representative democracy on the planet limits voting privilege by some objective criteria, including the USA.
You are drastically misreading the 15th Amendment which dealt with denying the vote to prior slaves based on their status as prior slaves or their race, it most certainly does not assure every person a vote which as noted above the US presently does not provide.
You like others provide an unreasoned, emotional, and personally directed response without ever answering the simple ‘yes’ or ‘no’ question
Good day, sir.
What is wrong with pointing out the fact that the stock market is carried by a few grand slams? It’s the damn truth. It’s just funny, people slam cathie wood’s investment thesis when her thesis totally plays off this idea. Instead people bash her for every single one she misses on like she is trying to bat 100%.
There is a reason she has beat Berkshire since her inception. Yet, the haters bash her as lucky…she is trying on purpose to hit hrs.
that’s what I said. In 3rd world countries presidents are above the law and encourages lawlessness and grifting.
No One says:
August 10, 2022 at 9:51 am
One reason is that in third world countries, there’s lots of corruption,
Phoenix, I’m on record here as saying having contributed in some form needs to be taken into account. Plus, I am just proposing and seeking reasoned comment and literally have received nothing back but emotion.
This country has three times successfully sat down and changed the objective criteria to the privilege of voting. All I am doing is proposing a fourth, for discussion, here. Don’t like my opening conceptual proposal, counter.
In the meantime, let’s get back to that unanswered question….
“Phoenix says August 10, 2022 at 3:04 am
Just home from work…My socks are soaked in blood. Showering now.”
As you wake later this morning recall last night, pop up that picture, and give a simple ‘yes’ or ‘no’.
As you stood there blood soaked at 3am and looked into the mirror, do you believe that person’s vote should count equally as yours right here, right now?
Again, my starting point is so simplistic it is almost embarrassing…and it is currently applied to most areas of life arguably less important than our governance like school, work, and family relations…
If you do not contribute or are do not possess the faculties to understand the ramifications of your actions you do not have a say in how things are run.
Yes or No?
Grifting? Who are we talking about? Like using your crack addict son as an agent to obtain kick backs from foreign entities in exchange for favorable legislation? Code name “big guy”
Left: How many tickers are empty husks and pink sheet boiler room crap?
Facts:
1. Don’t own property. Eliminated.
2. Don’t pay income tax. Eliminated.
That’s not emotion, that is what you posted. No meth required.
Your requirement didn’t even include homelessness.
Good morning. Mark Twain is said to have once advised: “Buy land, they’re not making it anymore.” People like billionaire distiller Tito Beveridge, professional golfer Phil Mickelson and Bill Gates seemed to have listened. They are among the growing crowd of wealthy investors buying land, writes Konrad Putzier.
Land sales last year rose faster than any other major type of commercial real estate across the U.S. Demand has been especially strong in fast-growing Sunbelt cities like Miami, Austin and Phoenix. Still, land speculation is much riskier than most commercial real estate investments. “You need to have a lot of guts,” said Sebastian Drapac, chief operating officer of the property investment firm Drapac Capital Partners.
While major U.S. cities are still struggling to lure employees back to their desks, workers are filling up office floors again in Asian commercial hubs like Hong Kong and Singapore, write Ben Richardson in Hong Kong, Kosaku Narioka in Singapore and Megumi Fujikawa in Tokyo. Hong Kong’s small apartments, often housing multiple generations, and efficient transport help drive the office revival. The situation is similar in Singapore, which loosened Covid-19-related restrictions in April and stopped requiring people to show proof of vaccination when entering office space.
BlackRock, the world’s largest money management firm, is opening a satellite office in West Palm Beach to accommodate its head of fixed-income and dozens of other employees, write Deborah Acosta and Angel Au-Yeung. The firm at one point weighed plans for trading desks in the Florida building, which a person familiar with the matter said was already being referred to internally as BlackRock’s “Snowbird office.” It marks the latest in a long line of financial firms that are relocating to or opening satellite offices in South Florida.
“So, you tell me, as a betting man are the Cheneys altruistic true patriots or opportunistic lifelong public trough feeding politicians trading on their positions seeking to regain and retain the family dynasty that was in the making?”
If that was their goal, it would have been much easier to just jump on the MAGA train.
Meth guy I could possibly agree with you…
The 10 Republicans that voted FOR impeachment . . .
Of the 10 or so that voted to impeach Trump after Jan. 6 . . . all but 3 have either retired or been primaried out. Jamie Herrera Beutler just conceded last night in WA after getting tossed in the primary.
Of the 3 . . . two have won their primary, so they will stand for election in November (but, might lose). One of the 3 is Liz Cheney. She is up for a primary election next week.
Cheney was discussed above. First, her father is a war criminal – Cheney Sr. and Bush should be on trial in the Hague, if anyone ever should have been put on trial there.
Liz Cheney is a shameless opportunist. I agree with Leftwing that her political presence is not her, individually, but is rather a reflection of a budding Cheney political/family dynasty. She misread the political winds and thought that standing as the “Establishment” would be rewarded, but it is NOT looking that way. I hope the voters of WY flush their toilet by voting her out aggressively, whether it is next week or in November.
2022 midterms . . . unbelievably, Predictit has the bet on whether the R’s take the house at $0.79 to win a dollar. If I could bet this at scale, I’d put up 5% of my net worth. Unfortunately, I can’t find a place to bet at scale – things like predictit limit the action to $800 or so.
If Trump is not convicted in a way that precludes him from holding office, and he runs and wins in 2024 . . . will be very interesting to see what changes are made to the FBI. Hiring freeze? Cut off substantial funding? Firing all the top brass? Restructing the whole thing?
Hopefully Americans get moving before they outcompete us.
“Kung Man-chun, who works as a political analyst, makes a short commute each day to Central, Hong Kong’s prime office district and the regional base for many global and Chinese financial firms.
After a lengthy period of compulsory working from home at the height of the pandemic, Mr. Kung, 28 years old, said he jumped at the chance to get back to the office.
“It’s nice to have the peace and quiet of home,” he said. “But after such a long time staring at the wall in my apartment, I felt like I was going crazy.””
https://www.wsj.com/articles/asias-office-life-is-bustling-again-in-hong-kong-and-singapore-11660006016?mod=djemRealEstate_h
Three cheers to Murphy and the NJ dems for raising the minimum legal amount for auto insurance coverage . . . it’s going from $15k coverage to $25k. Should probably have been higher, but motorists injured or suffering property damage from negligent drivers will have more reasonable protection going forward.
Should have probably been $100k, though, because an auto accident can easily get to those sorts of numbers. Not absurd to get to 5 digits of auto damage and really easy to get to 5 digits of medical bills really quick.
Really seems stupid to me that “congestion” pricing isn’t just placed on all trips entering Manhattan, rather than only targeting trips south of 60th street. I disagree with not charging people to go to Uptown – manhattan as a whole is congested. As many trips as possible should be re-routed (through pricing) to the Tappan Zee (all people heading to CT and other poitns north) or the Verazanno (people going from NJ to BK, Queens or LI).
“If Trump is not convicted in a way that precludes him from holding office, and he runs and wins in 2024 . . . will be very interesting to see what changes are made to the FBI.”
Funny thing is, the current FBI director was appointed by Trump.
“Funny thing is, the current FBI director was appointed by Trump.”
It’s only funny because it’s sad. Why? Because perhaps someone is actually doing their job rather than rewarding patronage. Though, if that’s the case, then I applaud Trump for making an excellent appointment. So twisted.
So, market comment then back to mines…
I mentioned a few weeks ago how volatility was getting sucked out of the market…it’s nearly gone…
Nearly all my positions are through options which, literally, are the basis for the calculation of volatility.
For the last nine months or so I have been selling this (high) volatility and buying it back as it comes in…not just the actual VIX but my individual positions.
I’m not going to bore everyone with particulars, but things happening in major names are producing results I rarely see…what’s it mean for everyone generally?
If many of these options prices are to be believed (and they are real, volume is occurring at these levels) the market has drastically pulled back its prognosis for a major pullback…it is not yet convinced that we are in the clear – ATM near term vol has not come in as much – but the outlying OTM put premiums have absolutely collapsed.
Manage accordingly…for me, I have unexpected gains that theoretically should not be occurring now but likewise my hedges are offsetting those more than they should be…I’ll be closing most these hedges which were kicking in around 4% down and printing through about 15% down, rolling them further out into the future and probably a bit tighter, ie. capture smaller downside and let the tail risk of busting through 3850 go….
May not be a bad to look at hedges if you’re that sort…cheap ones at least…
Good luck all.
Amy DeGise hit-and-run . . .
What was Amy thinking? Weird that she would hit-and-run. The bike ran a red light, but the motorist didn’t even hit the brakes.
https://www.youtube.com/watch?v=vZdL8pUu_Bw
Chi, right? How many 10s of thousands are lol.
Phoenix, debate, not emote. Topic for consideration and discussion, not a legal draft of a proposed Amendment.
Are the moral and ethical bones in your body yelling ‘yes’ while the recent social conditioning of your mind to an ‘-ism’ around every corner concurrently slamming the brakes?
As you stood there at 3:02am blood soaked looking in the mirror you know inherently what the correct answer is. Say it.
Yeah, you may get spitballed from the kids in the back row…who cares.
OC1,
Do you really think Dick Cheney is a ‘statesman’? (or insert any other synonym you prefer)
Crushed-
The wet dream fantasy is to gut the civil service and replace them with sycophants.
“The big picture: Trump’s plan would revive a category of federal employment dubbed Schedule F.
Reserved for officials in policymaking and national security roles, it would allow a future Trump White House to fire federal workers en masse and replace them with people perceived as more loyal to Trump and his policy agenda.
“As your President, I implemented Schedule F so that Presidents could have the ability to FIRE federal employees who were BYPASSING democracy for their own benefit,” Trump’s political team wrote in the fundraising email on Thursday.”
https://www.axios.com/2022/08/04/trump-fundraising-campaign-schedule-f
If that was their goal, it would have been much easier to just jump on the MAGA train.
Trumps actions to bring the troops home kinda runs counter to the entire Cheney money machine.
“OC1,
Do you really think Dick Cheney is a ‘statesman’? (or insert any other synonym you prefer)”
i’m not a big fan of Cheney, and I agree with crushed that he’s a borderline war criminal.
But I think that he is right on these 2 things:
1) Trump lost the election, fair and square.
2) It is wrong for a president to attempt to subvert the constitution and the will of the American people in order to retain power after loosing an election.
I am really perplexed about why those two opinions should be controversial, but that’s where we are.
You would think Trump, esp after his ex wife just passed, would relax and enjoy what time he has left with his family/money. Instead, he wants to stress himself out and spend his end days worrying about bs. Shows ya, power is the most addictive drug of them all. This guy can’t get enough. Like go and enjoy your money and family, but instead wasting time at rallies. Talk about insane. That’s one drug you never want to touch….power. You will never overcome the addiction.
Tangle answered a fairly good reader question today and it speaks a little to the Cheney discussion.
Q: Why is the Republican party sticking with Trump through thick and thin, especially after this new FBI raid on Mar-A-Lago? It seems it could be a chance for the GOP to distance themselves from him, but it looks like they’re not taking it and are instead buckling in more for the long-haul of defending him. Trump is more unpopular than the also unpopular Biden, his endorsements don’t always produce winners, he is scandal prone to the point of nausea, he unrepentantly flirts with breaking the law, he has diminished the US on the global stage, and that’s even before the 2020 election denial and subsequent Jan 6 spectacle.
I believe that the US is worse off after his presidency, why would we want 4 more years? I grew up in a Republican household and was ready to vote Republican in 2016 but from the first primary debate developed an intense dislike for him and just couldn’t do it. I’m not claiming to be unbiased here, but I just don’t get it and am ready for a change.
— Megan, Cambridge, Massachusetts
Tangle: Well, I think you did a good job highlighting some good reasons Republicans could or should abandon him. I’m not necessarily sure Republicans are buckling to Trump or that he is less popular than Biden. I think many Republicans smartly use Trump to their advantage, while others are devoted to him in irrational ways. But I do think you summed up the anti-Trump case neatly. So I’ll just reply directly to your question of why they would stick by him at least through the midterms.
First, among Republicans, he’s still the most popular Republican there is. And it’s not close. So that’s one big reason. Second, and if you’re cynical, perhaps most importantly, is that he is an incredible fundraiser. Trump drives donations to Republicans unlike any other candidate they have ever seen, which makes him critical to the party. Third, while he has missed on some endorsements, his record is actually pretty good (it is not perfect, as Trump hilariously claims). And even if the Trump endorsement isn’t bulletproof, what does appear to be bulletproof is a Republican candidate having to support Trump.
In other words: Getting Trump’s support doesn’t guarantee your success with Republicans, but not supporting Trump almost certainly guarantees your failure.
Finally — harder to quantify but also worth noting — is the general dynamics of “owning the libs.” I think, despite everything that has happened, Trump is still one of the few politicians in Washington D.C. who really speaks to the sense of grievance, anger, angst and frustration so many voters have about D.C., the “elites,” and progressives in general. He did a lot of what he promised when he was president, and he is still an unfiltered voice of that frustration, willing to say things and cross lines others won’t, and that will always remain very appealing to a huge swathe of the electorate that feels left behind and forgotten.
But you said maybe Cheney “just respects our democratic institutions”? I think doing all of the horrible things he did (the unconstitutional ones and the war crimes) is the antithesis of respecting our institutions.
OC1 says:
August 10, 2022 at 12:01 pm
“OC1,
Do you really think Dick Cheney is a ‘statesman’? (or insert any other synonym you prefer)”
i’m not a big fan of Cheney, and I agree with crushed that he’s a borderline war criminal.
But I think that he is right on these 2 things:
1) Trump lost the election, fair and square.
2) It is wrong for a president to attempt to subvert the constitution and the will of the American people in order to retain power after loosing an election.
I am really perplexed about why those two opinions should be controversial, but that’s where we are.
Joyce-
Very very few people (whether politicians or private citizens) are all good or all bad.
We all have lines we won’t cross.
Even one of Trumps biggest lickspittles (Lindsey Graham) refused to reject the election results.
Dick Cheney was a monster grifter. They are all corrupt. But his ability to profit off of the Gulf War (which never should have occurred since the basis for it was a manufactured lie) was truly brilliant.
Again, since we never hold our elected officials responsible for their deplorable behaviors, why would anyone expect them to behave in a moral fashion? I think this ties into the who theme of selfishness we were discussing a few days ago. It’s clear, a side-effect of combining freedom and capitalism is greed and selfishness. You would hope your government might force those selfishly abusing their positions of power to share their resources, but instead they are all in it for themselves. Their concept of sharing is figuring out how to deliver the smallest amount of crumbs to their base so that will enable them to stay in power so they can further enrich themselves.
Shame, outside of the the masses protesting their political leader’s immoral behavior’s, things are only going to get worse. Humans have a tendency to emulate their leaders, celebrities, and idols. Why would they not behave like assholes when their idols are. Vitriol is definitely at an all time high for my lifetime.
Ideology and Performance in Public Organizations
Jorg L. Spenkuch, Edoardo Teso & Guo Xu
WORKING PAPER 28673
DOI 10.3386/w28673
ISSUE DATE April 2021
We combine personnel records of the United States federal bureaucracy from 1997-2019 with administrative voter registration data to study how ideological alignment between politicians and bureaucrats affects the personnel policies and performance of public organizations. We present four results. (i) Consistent with the use of the spoils system to align ideology at the highest levels of government, we document significant partisan cycles and substantial turnover among political appointees. (ii) By contrast, we find virtually no political cycles in the civil service. The lower levels of the federal government resemble a “Weberian” bureaucracy that appears to be largely protected from political interference. (iii) Democrats make up the plurality of civil servants. Overrepresentation of Democrats increases with seniority, with the difference in career progression being largely explained by positive selection on observables. (iv) Political misalignment carries a sizeable performance penalty.
I agree… but what are we talking about?
OC1 says:
August 10, 2022 at 12:40 pm
Joyce-
Very very few people (whether politicians or private citizens) are all good or all bad.
We all have lines we won’t cross.
Even one of Trumps biggest lickspittles (Lindsey Graham) refused to reject the election results.
Joyce-
If i am reading him right, leftwing feels that the Cheney’s actions/statements re Trump have been made solely to increase their family political power and wealth (despite the fact that opposing Trump has actually cost the Cheney family political power.)
A very cynical view, IMO, and one for which he presented no evidence (other than his distaste for politicians in general).
Much simpler explanation- maybe the Cheney’s oppose Trump, despite the political cost, because he has done a lot of bad things?
Now I need to go mountain biking.
“He did a lot of what he promised when he was president”
What giant BS..never got Obamacare repealed, never had greatest cheapest, healthcare plan on “day 1”, never built a beautiful wall that MX paid for (we did but little truly progressed), never got GDP to 6-7%, never fully withdrew from Afghanistan, as promised. His accomplishments? Passing Paul Ryan’s tax cut and spending into stratosphere with tax gifts to wealthy, military and corp farming votes (via failed China deal). Guy had whole economy and unemployment set-up from previous two admins printing. A giant failure..the worst of all time.
1) It’s very possible, but 2) I still would never think Cheney respects our Democratic Republic institutions and ideals. I wouldn’t conflate the two. Enjoy your ride
OC1 says:
August 10, 2022 at 1:48 pm
Joyce-
If i am reading him right, leftwing feels that the Cheney’s actions/statements re Trump have been made solely to increase their family political power and wealth (despite the fact that opposing Trump has actually cost the Cheney family political power.)
A very cynical view, IMO, and one for which he presented no evidence (other than his distaste for politicians in general).
Much simpler explanation- maybe the Cheney’s oppose Trump, despite the political cost, because he has done a lot of bad things?
Cheney and the rest of the Neocons are using Trump to cleanse themselves of their sins, and the left is eating it up.
“…he [DJT] is still an unfiltered voice of that frustration, willing to say things and cross lines others won’t, and that will always remain very appealing to a huge swathe of the electorate that feels left behind and forgotten…”
That last paragraph from Tangle is worthwhile…I would agree and note that I do not feel left behind and forgotten, I’m just tired of these assholes who not only grift but wrap themselves in higher purpose as they do so…used to be public service meant you gave something up in the private sector to temporarily provide your talents to the common wealth for some sacrifice…now it means public office is there to serve YOU over the term of your adult life. And your children’s lives.
“Very very few people (whether politicians or private citizens) are all good or all bad.”
Agree. Which is why I am willing to hold my nose and vote for someone like a Trump and Bernie over a Jeb and HRC…if you sit around and bemoan the status quo but can’t overlook their faults to pull that lever you are supporting the entrenched players and everything they do.
Outsiders are by definition going to be rougher around the edges than polished career politicians and none is going to be as groomed and well spoken as a Romney and his mannequin equivalents on the Dem side…if you are waiting for that, just write a blank check and hand over your Republic and go surf Instagram into the sunset.
BRT,
What hooey..geez. More like Rs are re-writing history claiming that they were always against R war architects of 2002-2004. Faux News sold the whole “Sharia-law is coming”, anti-Muslim, pro-flag waving democracy building BS. Your side ate it up and now trying to say Trump is anti-R establishment..except he voted like every traditional R during his term. Swallow any lie.
1:49 amen. Repugs rely on a short selective memory (they hope).
Don’t confuse the rural and the urban poor.
They are two very different constituencies.
And meanwhile, Pelosi, with a net worth of around 200 million, continues to do what amounts to insider trading, even though 76% of the population feel it is immoral.
They are all criminals. Every single one of them.
Every time I ask a trumper why they like him. They then go on to say that they don’t like what he says and he is an a$$hole, but he is draining the swamp. It’s a vote against the establishment.
Okay…well what exactly was drained under his presidency? How was he any different from the establishment?
It’s ugly no doubt. But the whole fundamentalist vibe to the repugs
means that I’ll never affiliate. Their message just isn’t mine,
“…leftwing feels that the Cheney’s actions/statements re Trump have been made solely to increase their family political power and wealth (despite the fact that opposing Trump has actually cost the Cheney family political power.)”
I rarely use absolutes anywhere, particularly in politics and stocks…so solely is not something I embrace…
Dominant driver of Liz’s recent actions (and Dick piling on)?
Either unfettered patriotism or doubling down after losing a hand (opposing DJT initially and losing big) to try to get to breakeven…neither of us can know which or present evidence as motivation resides only with the Cheneys…
I made my point where my scale tips…career politician who built wealth from none through public office with offspring in footsteps who was unseated by the same person who was elected by repudiating the father’s policies….easy one for me.
Huge miscalculation by Liz in trying set the stage to rise to the top on the assumption that trump would go down and be followed by McCarthy and Scalise given their support of him, opening up a clear pathway for her to Republican leadership and possible eventual Speaker position…bet big and lost. Happens.
“They are all criminals. Every single one of them.”
Then step outside your comfort zone and DO SOMETHING.
Rather than sitting around bitching and whining like some junior in HS whose presumptive boyfriend just asked another girl to Prom.
Ex says:
August 10, 2022 at 2:18 pm
“Their message just isn’t mine”
Admit it, your ‘message’, like that of the other Dem stooges like Bi, Flab and Very Stable Cuck, is whatever your wife tells you it is, and/or whatever keeps her happy. You duds rant and rave about R’s just like the dingbats on The View, and then brag about $4/gallon gasoline — pathetic!
Small’s fort is called the He-man woman haters club but Buckwheat and Darla not allowed. Inside he happily plays with Alfalfa’s protrusion. Pretty much sums up R platform too.
2:35 I won’t lie, happy wife / happy life.
Gas will fall before the election and then go back up. It’s like clockwork.
Can I sell my house first?
Deposit received.
Their inspector made the Uber Inspector look like Mr. Magoo.
I’ll share the report after the close. 169 fucking pages. Dude did not leave a stone unturned. The problem though, is that he judged the place like it was built yesterday. It was built before television and Band-Aids existed fuckface. Of course nothing is to code. Be happy my electric is not knob and tube and move on.
Pumpkin
One issues with your premise is that the swamp struck first. The dnc and the corrupt fbi folks tried to about his presidency in the womb just like Schumer predicted. He was on the defensive for much of his presidency due to the collusion hoax. A lot harder to clean house.
Ex,
Just watched Chuck Leavell – Tree Man documentary on flight home. Master pianist, devoted to his wife for 50 years and tree farmer/climate change devotee. I guess Small would call him a liberal p&ssy.
Life is a bitch, you plant some trees, and then ya die!
The raid on Mar-a-Lago was based largely on information from an FBI confidential human source, one who was able to identify what classified documents former President Trump was still hiding and even the location of those documents, two senior government officials told Newsweek. Hate it when you Chief of Staff turns on ya.
Lib,
Zion was stunning, beyond belief. Impossible to do Angel’s Landing with 6 yo special needs son in 100 degree heat. Kid held up very well as we did Narrows, Emerald Pool trails and Pa’rus. Young couple on bus made it but said way too much for them and wiped out.
Also watched Licorice Pizza on flight. That was great. One of better PTA movies in recent memory. A little slow in spots, cameos somewhat annoying but main actors were incredible. Such a cool style of filmmaking. Good luck on sale.
Both senior government officials say the raid was scheduled with no political motive, the FBI solely intent on recovering highly classified documents that were illegally removed from the White House. Preparations to conduct such an operation began weeks ago, but in planning the date and time, the FBI Miami Field Office and Washington headquarters were focused on the former president’s scheduled return to Florida from his residences in New York and New Jersey.
Libturd says:
August 10, 2022 at 2:52 pm
Can I sell my house first?
Deposit received.
Their inspector made the Uber Inspector look like Mr. Magoo.
Don’t give up! The first house my son was trying to purchase( Kenvil) actually fell through because owner was overwhelmed with repairs. He relisted house for 10,000 less and sold within a week. Offer a credit, see if he bites, if he does go with it.
I actually sold all 3 multis without a penny for repairs, all three were inspected but because of bidding wars the inspections were for information only , I do think that ship has passed.
Although I did some repairs on the 3 family brick house because buyer was a service man (Air Force),personable and a good guy.
Be patient and pro-active and it will all work out, then the Fed and state will suck out money for all your years of hard work, you can count on that.
Damn, Lib, good luck.
is the market still firm enough for you to tell them here’s $2k or piss off?
GOAT,
Don’t forget the Lizard people’s role in it too.
Listen here:
https://youtu.be/skSV0CNRoXY
Sorry I don’t read Politico or wherever you got the reference from.
Re-upped some hedges by starting to go long some Sept 410P and writing 2x Sept 380P, will backstop the exposure of the extra 380s by going long some broken strikes beneath started with some 365s….so base trade is +1 410P/-2 380P/+1 365P all 9/16….wanted to keep it inside the Fed meeting of Sept so vol doesn’t give me losses on the 380s…
My lines are 4280 to the upside as R, 3850 as some S on downside, and the 3650 low in June as near term bottom…
Total cost for each one is 4.01 (less than 1%)…Very little daily decay in the value of the hedge if the index just sits where it is, two or three pennies loss a day, so good room to adjust.
Max protection at 380 (down 40 from today) where I receive 26…worse downside protection is at 365 or below (down 55 from today, unlikely for me before 9/16) where I receive 11…Otherwise starting today I’ll ‘get’ 20% of any move down and at expiry on 9/16 be protected dollar for dollar down starting at 416 to the levels above….
Best I can do sitting on the water in flyover…..aligns with my outlook on likely levels and not horrible for a less than 1% cost against value for five weeks….
correction, dollar for dollar starting at 406
LW,
Did you do WYNN? Because WYNN lost.
Cool By.
It’s funny. Everyone goes to see the Grand Canyon. Zion is infinitely better in every way. I guess there aren’t enough songs written about it.
Licorice Pizza was pretty wild. Really a fun film.
3:51 Newsweek followed by Tyler Childers.
Jim,
They promised us they wouldn’t be nickel and dimers and the couple are a realtor and a mortgage broker. You would think they would know better.
They asked for another week so they could bring contractors out to check some of the issues (none which are particularly major). I told them, not without a deposit. Well the deposit came in this morning, so they are definitely still interested. This is such a stupid game. At the end of the day, we are all going to pull our hairs out over an amount that is less than I made in my IRA account today.
Nobody is above the law ….Hunter laptop ,Hillary ,emails ..Funny how when it’s Republicans, no one is above the law. But, when it’s Democrats, there was no intent to break the law.
We should not suffer this double standard!
Lib, keep your chin up , its going to work out. When this is all over you will look back and have a good laugh. I am keeping my fingers crossed for you because I have been through the stress and I know what you are feeling. In two months it should be all gone. GOOD LUCK !!!
Lmao
“Nasdaq rallies more than 20% from recent lows after US inflation eases
Inflation eases from 9.2% to 8.5%
This is like losing 20 lbs if you’re 350 lbs.
You’re still fatter than shit.”
It was jammed when we were there, Lib. Constant flow of people nipping at heels walking main trails. I am sure patriarch trails were more open. Two bus stops were closed as well. Zion Lodge lawn was very nice as well. Great shady spot after hot day hiking.
Ex,
Thought GOAT was talking about me. Nice link. I admittedly struggle with modern country music. The Eric Church part of Chuck Leavell doc that was weak IMHO. Don’t know him but trying to sing Greg’s vocals on Ain’t Wastin’ Time No More in twangy generic country sound was cringe-worthy. Good guy on interviews.
sounds like a cross between Charles Dickens and clot…..
Libturd says:
August 10, 2022 at 2:13 pm
They are all criminals. Every single one of them.
Zion was as crowded as disney world when I went in 2019… I can’t enjoy ‘nature’ with so many people around…
I enjoyed valley of fire a lot more near las vegas as it was nearly empty around the same time.
Wish I went to more of the Utah parks – I hear they are excellent and not as crowded
You love to kvetch about the multi…..
Libturd says:
August 10, 2022 at 2:52 pm
Can I sell my house first?
Deposit received.
Their inspector made the Uber Inspector look like Mr. Magoo.
I’ll share the report after the close. 169 fucking pages. Dude did not leave a stone unturned. The problem though, is that he judged the place like it was built yesterday. It was built before television and Band-Aids existed fuckface. Of course nothing is to code. Be happy my electric is not knob and tube and move on.
Hate to sound like a caveman, but did you hear that comment about 4818-3636 so 4227 is a Fib 50% retrace? ……..
leftwing says:
August 10, 2022 at 3:58 pm
Re-upped some hedges by starting to go long some Sept 410P and writing 2x Sept 380P, will backstop the exposure of the extra 380s by going long some broken strikes beneath started with some 365s….so base trade is +1 410P/-2 380P/+1 365P all 9/16….wanted to keep it inside the Fed meeting of Sept so vol doesn’t give me losses on the 380s…
My lines are 4280 to the upside as R, 3850 as some S on downside, and the 3650 low in June as near term bottom…
Total cost for each one is 4.01 (less than 1%)…Very little daily decay in the value of the hedge if the index just sits where it is, two or three pennies loss a day, so good room to adjust.
Max protection at 380 (down 40 from today) where I receive 26…worse downside protection is at 365 or below (down 55 from today, unlikely for me before 9/16) where I receive 11…Otherwise starting today I’ll ‘get’ 20% of any move down and at expiry on 9/16 be protected dollar for dollar down starting at 416 to the levels above….
Best I can do sitting on the water in flyover…..aligns with my outlook on likely levels and not horrible for a less than 1% cost against value for five weeks….
“S&P is now at the same level it was when rates were at 0% earlier this year incredibly.”
left: are you hedging or speculating? I know you use the term hedge, but you always talk about booking gains/losses…..
The Great Pumpkin says:
August 10, 2022 at 5:49 pm
“S&P is now at the same level even as your IQ persists asymptotic to 0% incredibly.”
“The Nasdaq Composite Is Back in a Bull Market — WSJ
There you go, there’s the headline we were waiting for. Cant make this sht up.
Stupidity is infallible.”
“The market has rebounded from June lows more than it has declined from all time highs. I find that frightening”
“I feel that in a bear market, there are more bears getting killed on bear market rallies than bulls who keep averaging down all the way through it”
Here is to feeling good all the time.
https://www.youtube.com/watch?v=SfDTCa5r46Y
Zion was “as crowded as disney world when I went in 2019… I can’t enjoy ‘nature’ with so many people around…”
It was like that back when I visited in 2000.
“Wish I went to more of the Utah parks – I hear they are excellent and not as crowded”
Capitol Reef is the least visited of the “big 5” Utah NPs. Stumbled onto it during a 3-week jaunt out west a few years ago. Plenty of great hikes, but not a lot of people.
Not as spectacular as Arches or Zion, but how many places are?
Lots of great hikes in the BLM lands that surround the Utah parks too.
Trusue-
“Nobody is above the law ….Hunter laptop ,Hillary ,emails ..Funny how when it’s Republicans, no one is above the law. But, when it’s Democrats, there was no intent to break the law.”
Feds have and are investigating Hunters laptop right now. Hillary’s emails were investigated pretty heavily too, in case you have a short memory.
Now Trump’s being investigated (hasn’t been charged with anything)- so what’s your beef?
Not one single rational reason. Exclusively cult of personality.
“First, among Republicans, he’s still the most popular Republican there is. And it’s not close. So that’s one big reason. Second, and if you’re cynical, perhaps most importantly, is that he is an incredible fundraiser. Trump drives donations to Republicans unlike any other candidate they have ever seen, which makes him critical to the party. Third, while he has missed on some endorsements, his record is actually pretty good (it is not perfect, as Trump hilariously claims). And even if the Trump endorsement isn’t bulletproof, what does appear to be bulletproof is a Republican candidate having to support Trump.
In other words: Getting Trump’s support doesn’t guarantee your success with Republicans, but not supporting Trump almost certainly guarantees your failure.
Finally — harder to quantify but also worth noting — is the general dynamics of “owning the libs.””
Biden claims we had zero inflation in July. I guess it’s just another gaffe.
Nothing on quality of governance, quality of leadership, well being of the nation, experience, quality of intellect, respect for the constitution, etc, etc, etc
Only cult of personality.
Very Stable Genius says:
August 10, 2022 at 7:04 pm
Not one single rational reason. Exclusively cult of personality.
Mercury must be in retrograde:
https://youtu.be/e5nOxc-p-eM
“Nasdaq a bull market because it is up 20% off its low?
Who makes this stuff up?
After 2000, the Nasdaq did that 7 times as it fell 78% to its 2002 low.”- Burry
We are no longer in contract. It’s a way tougher market out there than you all know. Unless it’s completely turn key new construction, be warned.
Back to the drawing board.
Lib,
I broke contract on a home in 2010. The woman lied about the age of the AC (claimed new and it was 19 years old) and there were about 15k worth of repairs that the inspector identified. So, we tried to work with her and every message that we sent came back with a snarky comment saying she couldn’t afford it. It became a petty back and forth but my last comment relayed to her prior to officially breaking contract was “Sell the Corvette”.
10:01 geez that sucks. Sorry.
BRT cool story…bro
Home inspection negotiations are just a sign of the market normalizing. Whether you lower the price or give back money in concessions, you are going in the same direction.
I always say I am smarter about the value of a property after a couple of weeks of market time. Number of showings and what offers you have received are telling you where your price should be and the direction of the market. Get ahead of the problem and put this transaction in the rear view mirror. Not going to be get better in the short term
There are no major issues. I fixed all of the minor ones. Though I am typically cheap, I am not playing hardball with anyone. Neither of our two contracts have either party even requested concessions. The first was legit. We fixed it (didn’t know it was an issue btw). This one was a case of cold feet. I am a motivated seller. Maybe I need to spray some cat piss around and smoke some Pall Malls before the next open house.
The inspection in February found very little. Since then, we’ve spent nearly 50K making it as perfect as we can without updating the kitchens and baths. The place looks great. What we are experiencing is. LACK OF DEMAND for our product. Shame too. It was a fine real estate investment for us. Not amazing, but it served its purpose.