From NJ Globe:
Gottheimer, legislators combat NYC congestion pricing by offering incentives to keep jobs in N.J.
Stepping up his fight against New York City’s congestion pricing plan, Rep. Josh Gottheimer (D-Wyckoff) and three Bergen County legislators today announced a new proposal that would incentivize New Jersey commuters to stay on their side of the Hudson.
Legislation offered by State Sen. Joseph Lagana (D-Paramus), Assembly Appropriations Committee Chair Lisa Swain (D-Fair Lawn) and Assemblyman Christopher Tully (D-Bergenfield) offers tax credits for New York-based companies to open regional offices in New Jersey, and reward businesses that help reduce commuting costs for their employees.
The New York plan, which Gottheimer called a Congestion Tax, could cost New Jerseyans who drive to New York an extra $23 per day, on top of tolls, gas and parking,
“Just read MTA spelled backwards and it tells you exactly how New York looks at New Jersey right now: as their personal ATM,” said Gottheimer. “The ‘Stay in Jersey’ bill will establish a new incentive program to provide New York businesses with tax credits for expanding business operations into New Jersey — closer to the primary residence of existing Jersey full-time employees — to help them avoid having to drive into the city and get whacked by the Congestion Tax.”
The lawmakers argue that their plan would improve work productivity, reduce commuter stress, enhance family time, protect the environment, and create New Jersey jobs.
Lagana, who represents a suburban Bergen district full of commuters, said that New York City’s bid to “add exorbitant congestion pricing fees” makes a cost-cutting plan necessary.
“It’s no secret that working close to home benefits not only residents themselves, but is a boon to local economies,” Lagana said. “Business hubs spur economic development and investment in our mom and pop shops, local eateries and markets, and boutique downtown stores.”
Rain ….first
One more reason to WFH.
From last night’s convo about us falling out of contract again.
There are no major issues. I fixed all of the minor ones. Though I am typically cheap, I am not playing hardball with anyone here. Neither of our two contracts have either party even requested concessions. The first issue 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. It will be fine for the next person. Seems Montclair scared all of the mom and pop investors away with their rent freezes and rent control. I warned them. Now the only places that will be built will be massive upgrades with massively higher rents.
Raise the rents and roll with it?
No idea how, but rain missed Wayne again. The other day, it rained by alps road but completely missed my area of wayne. Need rain badly.
I think inflation is like a swimsuit model. You’re either a 9 or higher or a zero.
https://nypost.com/2022/08/11/karine-jean-pierre-roasted-over-orwellian-tweet-touting-0-inflation/
“Did you do WYNN? Because WYNN lost.”
Did not, and the single digit percentage point decline not enough to entice me in now.
Without getting into the weeds the trade structure I’ve been using for the last, IDK, 12 months or so is disappearing….the good news is that it provided me leveraged returns on the share price increases AND an extra turn as volatility drained from the market…the bad news is with volatility gone the opportunities are too, mostly.
Really tried to find a way on WYNN, even ignoring the six month out Macau contract tail risk, and just wasn’t able to get adequately compensated for my risk.
Need to find a new strategy for a lower vol environment or reassess my return parameters…
HMB,
American politicians like to gaslight people.
That will end well.
The rain in Wayne falls mainly on the YOU ARE A FUCKING PAIN
The Great Pumpkin says:
August 11, 2022 at 9:14 am
No idea how, but rain missed Wayne again. The other day, it rained by alps road but completely missed my area of wayne. Need rain badly.
How about bet on bigger vol? The shit is broke here.
leftwing says:
August 11, 2022 at 9:29 am
Need to find a new strategy for a lower vol environment or reassess my return parameters…
Hold: She is just interpreting it differently. If it was a Republican administration, there would be howls, but it’s Biden and the Democrats, so silence. Even complete BS is tolerated. I hate them all!!
Why bother seize all of these politician’s phones when all they have to do us put some Pegasus on it?
“Hate to sound like a caveman, but did you hear that comment about 4818-3636 so 4227 is a Fib 50% retrace?”
Ha. I followed fib years ago, along with a couple others (want to go real caveman, one was Heikin which is, what, 1700s Japan lol). I’ll pull it up on my screen later and look at least for the index.
IDK, I always start big picture (what market are we in right now) and work down from there…I’ve been the most bullish here on the market re: rate moves over the last couple months or so…to me those were easy positions…less easy now in most aspects to divine market stance…still a lot of risk out there (although I think Fed risk has been mostly priced out of the market, and then some maybe)…Generally I like horizontal lines as I’m a simple guy, curvy lines confuse me ;)….that 4280+/- has seen a lot of touches and if I draw that on an LT chart I have a somewhat hard time seeing how we appreciably get above it and hold soon, it’s pretty rarified air…so, yeah, consistent with the 50 fib (what’s a few points among friends)…I do have a little voice in my head though that risk may be to the upside…can come from anywhere…perceived positive news out of Ukraine (still maintain Germans aren’t going to freeze over the winter and we touched the 40s last night where I am), elections for a split Congress, etc…
Who knows…
Re: hedging, it’s a hedge. I throw ‘loss/gain’ out there if anyone is following along…as you know it’s a good thing to lose money on your hedges, ie. your established stance is correct and you made much more money in that bucket. Most people throw on hedges and then get pissed that they net to less than 100% had they not hedged…just wanted it out there that if you throw some hedge on, it will mark to market and if good things happen for you (market goes up) you will see red numbers on your screen for your hedge.
Personally, I’m not thrilled with my structure yesterday but again vol drain has started to limit my choices, especially in tax free accounts since if I write deep OTMs to finance some of the hedge and minimize theta I then need to spend more to buy more puts underneath those levels (no margin)….
Politicians and their lackeys live in a reality-free-zone.
Sadly, “news” people are now 99% political lackeys.
Also chi for any runner where I have serious gains I occasionally throw on near term free collars (+P/-C, no premium).
Got called out of my DIS that way :( Could whine like a little bitch over that given last night but the last six months near if not hit ‘best of’ for me in both $ and % return so I need to realize I can’t win every hand at blackjack table, sometimes when I bust against a dealer ten she is holding a six underneath….
Remember, Lib….this current real estate market is a product of the Fed trying to kill it. It won’t last for long. Remember, real estate is an inflation hedge and they raised rates so much that it scared people away from real estate in an inflationary environment.
The month over month inflation number for july WAS zero.
Oc1 That is not the point. It was a misleading statement, and a lot of stupid Americans will buy it.
Between Costco on Sunday and receiving my gas and electric and water bills yesterday, I really don’t know how people are surviving. Everything has doubled since last year. I mean everything.
Sorry to hear Lib. GL.
“Get ahead of the problem and put this transaction in the rear view mirror.”
Word for word, probably some of the best general advice on here in a long time.
I did not on one property, and paid for it.
As for this FBI raid at Mar-a-Lago, it’s apparent the January 6th erect1on clown show TV ratings tanked along with the lack of evidence. File that with the Russian Illusion, fake Impeachment I & II, sniper hits on US soldiers, burned church photo ops and every allegation and investigation under the sky. The gestap0 went as far as rifling through Melania Trumps under garments in order to plant “evidence” of who knows what. All in all, I recall reading about this kind of purge that occurred somewhere in Europe in 1934. We’re getting closer. So when does he get indicted? Let’s hear it.
Today works for me.
Fast
We’re locked in at a 2 year fixed rate for electric that expires in March 2023. I checked current rates for 2 years. They’re all 20-50% or more higher than ours. I’m hoping rates drop back down over the winter so we can get a better rate than what’s out there now.
“How about bet on bigger vol? The shit is broke here.”
Maybe, historically though 20 VIX is pretty elevated and, despite the common view that share prices ‘revert to mean’ for which there is no basis, volatility mathematically actually does…unless the entire market goes to zero.
More practically and personally than vol theory, probably my worst single stretch on any strategy was going higher vol in an 11 – ELEVEN – environment…
Kicks and giggles, chi? Pull up a 20 year weekly VIX chart, draw a line at 11, and look at 2017…all time lows and she continued over the year into single digits…that was me lol. Still remember wanting to throw breakfast plates at CNBC as they tracked the record number of days without a 1% move…think it got as high as 141 days or such, JFC, ha.
On a much happier note on that same chart draw a line at 30 and count the number of periods where VIX was over 30 and their duration…you will notice how few times it occurs and how briefly it maintains that level…now keeping in mind that vol is certain to contract look at the duration of this most recent period (eight months Jan-now) and you will have some idea of the gains I’ve booked this year….all against the backdrop that is was assured to move in that direction and, beautifully, took near record time to get there…..
Tip of the hat to ExPat here, who really opened my eyes to the power of these tools…
But, alas, my honey has left me and she ain’t no more…..vol, not ExPat, for clarity.
The gestapo that Trump appointed. Guess he did not get to that swamp clearing
“The gestap0 went as far as rifling through Melania Trumps under garments ”
I picture scene in Goodfellas..Melania stuffing J6 documents in her panties as agent roll in..hah
Ed – It’s always the coverup and never the crime…Trump and his stupid lawyers knew about a grand jury investigation into the documents for months now because they were actively stonewalling the National Archives Librarians during “negotiations” to return the documents for over a year now. Trump and more importantly his stupid lawyers knew what the law was. The Presidential records act shields the records from public access for 12 or more years, but it does not shield them from either house of Congress, committees, or subcommittees requesting information and shall be granted special access to the former President’s records.
The law has been around since 1978 after Nixon famously had an 18½-minute gap in his audio recordings of his phone call with his chief of staff H. R. Haldeman taken three days after the Watergate DNC break in. 3,000 hours of calls were recorded during Nixon’s presidency and it was Nixon himself who foolishly ordered a taping system installed in the White House to automatically record all conversations. No president since allows recordings only transcriptions.
Whatever is in those boxes whether it was a napkin Trump wiped his chin with or some top secret stuff belongs to the people based on the 1978 law, and the changes made to those laws to further strengthening it in 2009 by Obama limiting the review period to claim privilege and later Trump in 2019 increasing the penalties.
Make no mistake Trump is trying to run the clock out with lawyers and well now this “cover up” has become criminal. Even if they win in November and shut down the Congressional committees this criminal indictment and possible trial will move forward.
Beer,
It’s astonishing how the price of goods and services has exploded. Inflation Reduction Act? Lol. Is there anyone on the fence believing it is what is says?
I am shocked they did not cut open the furniture looking for documents. I would love to see what the judge’s instructions contained within the warrant are. You can bet it was specific, search all closest safes and storage areas. They have a copy of the search warrant, it could be made public by Trump’s lawyer was handed a copy when the FBI arrived, but it hasn’t been released because it probably looks bad.
Trump will hold onto the warrant which right now might be bad for the country, leaving us largely in the dark, fighting furiously over hypotheticals of the raid but for now it’s very good for Trump leaving everyone guessing why a grand jury is investigating the former president.
“The month over month inflation number for july WAS zero.”
That is not what the stupid, incompetent fool said….
“That is not the point. It was a misleading statement…”
Not misleading, she literally has no idea whatsoever about the most salient topics of the day. She does not know what she is talking about. Look at her scramble through three binders for some verbiage, not written by her, to rotely reply with some relevancy…
In order to mislead one has to have intent which presumes knowledge…this chick is so clueless I’d be embarrassed to have her on my kindergarten staff.
Month over month inflation was zero.
Yes, and virtually nobody reports on inflation that way. Until now, when it suits the Biden/Democrat narrative. And then their little trained seals say woof woof, zero inflation, now throw me a fish!
In October, YoY inflation might be down to 5%, while Dem partisans and the news media (but I repeat myself) will be talking about how we’re in disinflation thanks to our wonderful leaders Joe Biden and the Democratic Congress passing the “Inflation Reduction Act”.
It’s true from one perspective. But with the same facts but Republicans in power, the media would be telling a nonstop tale of woe, interviewing an endless stream of unwed moms nonstop having to choose between buying gas and feeding their 7 obese yet hungry children, all due to cold hearts of that terrible Republican president and congress, and their evil corporate donors.
Fast, you yourself said you got a nice raise and happy with your job. Quit complaining.. You are doing well. Unemployment at it’s lowest ever. Millenials net worth literally doubled in the last 2 years. Personal savings have never been higher.
So republicons need to stop lying to themselves that doomsday is here and acknowledge they backed / backing a mafia don. The 100+ boxes of documents stolen and within mar alago safe will reveal what collaboration Donny had with Putin and Kim.
So chillax, quit lying to yourself and let the law and order take its due course.
Does anyone have opinions about purchasing a current year loaner vehicle from the dealer? My 12 year old gas guzzler is showing some age and looking at something new.
The loaner is a 2022 model with 5k miles. Are loaners as bad as rentals?
“But with the same facts but Republicans in power, the media would be telling a nonstop tale of woe…”
NoOne, you know I am hostile to the Orange Fool but…he and his Admin got absolutely roasted by the liberal MSM for TYPOs in tweets…can you possibly imagine if it were his Press Office that stood at a podium, and tweeted, that “our economy has zero inflation…”?
The country would run out of color press ink for all the front page photos of gas pump prices, frozen food grocer coolers, etc.
Fair and balanced…yeah.
NYT is so far from the paper of record it is laughable. Full on toilet paper now.
The 100+ boxes of documents stolen and within mar alago safe will reveal what collaboration Donny had with Putin and Kim.
Is this after Schiff presents the bona fide proof of a Russian collusion?
‘Month over month inflation was zero.
Yes, and virtually nobody reports on inflation that way.”
The US Bureau of Labor Statistics does:
https://www.bls.gov/cpi/latest-numbers.htm
“Oc1 That is not the point. It was a misleading statement, and a lot of stupid Americans will buy it.”
Grim, I contemplated keeping it longer, but I need it to pay for my son’s college. My stupid Upromise 529 will cover year 1 (amazing to think we saved about 20K just by clicking through links and allowing the interest to accrue). So I would have to have the place sold by this time in two years, which is about the time I plan to move too. I just don’t want to be locked into a tight window to sell (who knows what the market will be doing then?). Also, I put enormous amounts of sweat equity and $ in to make it sale ready. I don’t want to have to do it again. I’m getting old. My knees ain’t what they used to be. I am willing to concede some serious money. I just need to find a buyer that does expect perfection. It is not a luxury rental. It’s actually a better money maker the way it is, but people don’t get that. Everyone wants shiny and new. It’s crazy too. Huge fenced in yard. Garden. Screened in electrified gazebo with ceiling fan. Two car garage and car parking for 4 without jimmying. With guests you can fit seven cars. Lots to like, but people want shiny kitchens and baths. Remember. This place has gone 23 years without a month of vacancy in either unit. Just crazy.
It is not what she said…
She said, “our economy had 0% inflation in July”
That is flat out incorrect…
“I just need to find a buyer that does expect perfection. It is not a luxury rental. It’s actually a better money maker the way it is, but people don’t get that…This place has gone 23 years without a month of vacancy in either unit.”
I propose a group funding by a subset of posters here for an opportunistic but fair all-cash offer to Lib, to be leveraged after closing of course. Who’s up for it?
Need a broker concession too, Lib. We won’t use one….
It all doesn’t matter, the dems are going to get a blind side, vicious hit November 8th. You already lost the House, you may lose the Senate.
It does not seem to matter what evidence is presented by who.. the cult has lost it’s bearings. It’s really sad.
“It does not seem to matter what evidence is presented by who.. the cult has lost it’s bearings. It’s really sad.”
I know…it’s amazing the depth that TDS infects the liberal mind given he was voted out of office nearly two years ago….
Some of these liberal cranks are likely to go to graves cursing Trump, very sadly like John McCain in his dying days.
How does anyone associate with this sh1t https://imgur.com/gallery/RB5ThbQ
leftwing, watch that video of MTG at CPAC in a fake prison cell and tell me which party is the cranky one. And this is not some home video mind you – this is at CPAC just a week ago.
This is hilarious..picking apart inflation statement as a sign that Biden lies. All politicians lie but there will never be a bigger, faster and more prolific liar than Orange Khan. Geez, Dumpy and Spicer could not even get out of inauguration day without lying that they had biggest crowd of all time.
“She said, “our economy had 0% inflation in July”
That is flat out incorrect…”
No… that is correct. Inflation is measured on a month to month basis.
The number you would rather use (8.5%) is not the inflation rate for July; it is the inflation rate over the previous 12 months.
So you could say “the inflation rate for July was 0%” and be correct.
Or you could say “the inflation rate for the 12 months ending in July was 8.5%” and also be correct.
Rentlord,
Be careful with those loaners. They tend to be abused if they were used to be test driven. If it was a loaner for people getting mechanical work done to their own cars, you would probably be alright, but there is no way to know. Those 5K miles might be very hard miles.
Leftwing,
I like it. How about we set up an investment. Even I’ll be in it as a sort of guarantee that it’s not a money pit. We split the place up into units based on how much each investor puts in. We spin off the excess cash flow as dividends. Your shares will go up as the value of the land increases over time. You can sell out by either finding a replacement buyer, or the remaining owners could buy you out. It would probably be a pretty decent investment vehicle. And I was charging pretty cheap rent. Could have definitely gotten more, but didn’t want the headache of tenant turnover.
Though, I’m not fixing sh1t for free anymore!
Maybe I’ll do a kickstarter. Bet it would be hot, hot, hot! It’s in a great part of Montclair. Extremely walkable and easy parking.
Gator suggests I kickstart it into permanent Affordable Housing project. People in Montclair would probably be dumb enough to subsidize it so Montclair can maintain its diversity through permanent low rent – subsidized housing. Maybe I could grant from Murphy?
Lib,
Raise your price a bit, then offer your agent an extra $20k or so in commission to get it sold in XX days.
Most media pages and networks are top story coverage of anything Trump related practically non-stop. Connoisseurs of behavioral science must be fascinated by the degree of loathing and fear it’s causing. It’s not so much a hatred of Trump and his ideology, it’s the degree at which he’s illustrated the failures of the left and their ideas. It’s bad enough to endure loss after loss; it’s another thing to be gutted like a fish with precision.
Politicians are rarely polished, their success is putting a team together to brain wash enough muppets to “see” their vision. Trump needs none of it and aims directly w/o having to speak in magic tongues. He also happened to score a lot of wins and followed it up with endless “I told you so’s” which is throwing more salt into the wounds of the left. Every idea the left introduces involves fleecing taxpayers to fund some symbolic proposal, not to benefit the country as a whole but to sustain power. Trump wanted to throw a grenade into decades worth of abuse so the left decided to use every weapon possible to derail him; from a skewed election to now raiding his house. They’re getting desperate… they’re tired of losing and frustrated that their tactics of manipulating the public is being exposed.
“leftwing, watch that video of MTG at CPAC in a fake prison cell and tell me which party is the cranky one…”
RL, you are proving my point…doing so is your hobby/obsession, not mine…haven’t seen it, don’t care, no interest in watching…ditto any equivalent from the Left.
And, more than on record here that both parties ought to see extinction of their current form, and especially when they ‘work together’.
I feel a ‘his accomplishments.txt’ moment coming…
Biden is an incomprehensible imbecile. Makes sense to name another one as his press secretary. Instead of trying to issue corrections, she can parrot the same inane nonsense. Let the fake news do the spinning.
The comment about inflation was actually one of his more coherent. Very carefully worded. It’s a talking point and nothing more. Meaningless in the real world.
He’s so senile he lets the truth slip out once in a while. The comment about God knows what else being in the inflation act was in the money.
80k new irs employees and no salt cap repeal. I’m sure they ll be coming the voter registration rolls like bamas irs.
The cult is really hurting, I see. Dow back on fire,401ks way up, wages up, gas prices
tumbling after Saudi talk, inflation flatlining, unemployment at historic lows, home equity at all time highs..dare I say that Biden created “the best economy in the history of man-kind”. Nahh, only cultish dumb fools would believe that prez talk non-sense..oh wait. In end good to know that dummies are squarely faced with ‘what did Trump actually do’. Spend, anger, lie and incite. Good riddance.
Oh..and golf..alot
Bystander says:
August 11, 2022 at 1:26 pm
” gas prices tumbling after Saudi talk…”
I see one of the stooges is bragging about $4/gallon gasoline again — priceless! Does anyone doubt that Bi fantasizes about Joe someday asking him to squeal like a pig. By the way Bi, have any of Joe’s millions of illegal aliens been dropped off in your town yet, stumbling around aimlessly like here in NYC?
Lib,
Keep the faith , with interest rates increasing the value will only go down. You missed the greatest window of opportunity which was pandemic and under 3% interest. Rates are still decent but by 4th quarter they should be around 2% higher, next year even worse.
I originally proposed you sell it back in December 2021, but it is still not too late.
Good Luck with this but be flexible, over the years I have sold 4 houses at the top of the market including 2008 , selling my primary residence for over $550,000. I still own a four family unit that I will keep to lower my income. Interest rates will not drop for another 2-3 years or more. Inflation must be stopped….end of story.
“BREAKING per NYT: Some senior Republicans have been quietly warned by *Trump allies* not to continue to be so aggressive in criticizing the DOJ and F.B.I. because it is possible that more damaging information about Mr. Trump related to the Mar-A-Lago search will become public”
Jim, I promise you inflation is over and that rates will be dropping again. Do you understand how much debt is out there. They have no choice but to continue with a low rate environment because of their fear of deflation.
Just look at the stock market. It keeps running…why? They don’t believe for one second that we are returning to a high rate environment. Simple as that. Believe me, I’m disgusted with this stock market moving up on this bs, but it is. We need a real recession here to cleanse the labor market…too much power is in the worker’s hand to the point it is hurting business….the Fed should raise the f’ing rates hard. Then adjust after the pain.
Jim says:
August 11, 2022 at 1:49 pm
Lib,
Keep the faith , with interest rates increasing the value will only go down. You missed the greatest window of opportunity which was pandemic and under 3% interest. Rates are still decent but by 4th quarter they should be around 2% higher, next year even worse.
I originally proposed you sell it back in December 2021, but it is still not too late.
Good Luck with this but be flexible, over the years I have sold 4 houses at the top of the market including 2008 , selling my primary residence for over $550,000. I still own a four family unit that I will keep to lower my income. Interest rates will not drop for another 2-3 years or more. Inflation must be stopped….end of story.
Yes, Smallbrain..I hear Schiano is recruiting them as the great Rutgers program can’t complete with real NIL money. They need lots of long FG kickers from MX, 60 yards plus. Get ready to don your second silly red hat that makes you look foolish, only a few weeks from first beating.
Jim, I promise you inflation is over and that rates will be dropping again. Do you understand how much debt is out there.
I guess time will tell pumpkin. Almost like saying Cathie is the smartest after she lost millions in coin.
Actually the debt is not my problem , reality is.
Jim,
Cathie is not employing a short term investment thesis. It’s long-term. You are beating her up for a short-term environment that was not favorable to her strategy.
Put it this way. Berkshire, the investment gods, are getting beat by her long-term since 2014. Even with this massive hit she took, she is still beating the Almighty Berkshire since 2014. Now that’s a fact. So did she really lose people money? Sure, if these people are treating her fund as a short term strategy.
“Almost like saying Cathie is the smartest after she lost millions in coin.”
Correction….tens of billions
Repost of analysis from beginning of year…not going to bother to update it since her share price is below where it was here….
https://imgur.com/a/bvgMwwj
Regarding ARK v. Berkshire she is even a bigger loser.
You can eyeball where the lines have moved for current share prices…even with her up since this analysis and he down slightly his investors are still killing hers….
And this is since her inception….
https://imgur.com/a/j7AfNtO
Destroying her? How? Bigger loser? How?
You guys hate her and that’s find. She will again kill it in the next cycle as SOON AS THEY STOP RAISING RATES and START LOWERING THEM.
Just admit that you hate her because she is a woman who is more successful at investing and making money than you.
If she is so bad at investing, why isn’t Berkshire killing her? Also, Berkshire is going to get hurt. It’s coming. High growth already got destroyed.
Inflation is eating into thr growth that Berkshire invests in. They will get hurt soon enough.
Pumps you should apply for a job at Ark at this point. I think this position fits you well. Snippet from the req below.
https://ark-invest.com/wp-content/uploads/2022/04/ARK-Invest_040622_Job-Description_Fintech-Associate_-Final.pdf
You’re a fabulous storyteller. You combine quantitative analysis, historical analogies, and cultural and user- centric considerations to form compelling narratives about how companies and technologies could evolve. Your writing would not look out of place on Wired or The Information.
• You’re an independent thinker. You probably diverge from the mainstream, but you aren’t merely contrarian. You are interested only in finding the truth. Your strong conviction is balanced by a healthy dose of humility.
Yes, historical analogies, other than a Nasdaq tech bubble
Berkshire has massive cash flow and dry gunpowder. They aren’t in the business of losing money.
Not the case moving forward, but across the last 13 years, hedging net/net provided merely a return drag to a long-term investor. Not supposed to be this way, but the markets were manipulated. Hopefully this interference will disappear soon.
I think that the market is playing chicken with Jackson Hole. It better not keep driving along, but someone is going to feel the need to slap it down in 2 weeks.
Re VIX: Of course 20 is elevated, but can we possibly be more fat, dumb and happy than after the last few weeks. I just keep feeling the old Wile E. Coyote…..
https://www.youtube.com/watch?v=8iBv5DK-8o4
leftwing says:
August 11, 2022 at 10:09 am
Re: hedging, it’s a hedge. I throw ‘loss/gain’ out there if anyone is following along…as you know it’s a good thing to lose money on your hedges, ie. your established stance is correct and you made much more money in that bucket. Most people throw on hedges and then get pissed that they net to less than 100% had they not hedged…just wanted it out there that if you throw some hedge on, it will mark to market and if good things happen for you (market goes up) you will see red numbers on your screen for your hedge.
BRT says:
August 11, 2022 at 3:49 pm
Berkshire has massive cash flow and dry gunpowder. They aren’t in the business of losing money.
Losing money is Cathie’s business and she excels at it.
And we are back in attorney review. I promise you all an interesting read when this shit is finally over. If ChFi ends up being right, kill me.
Jim, you know I originally went under contract in February. You will see that February will end up marking the peak of this cycle.
What I didn’t expect was that my oil tank would be UNDER my house.
Agree chi on the hedging…I hop in selectively…as I mentioned I’m at ATH in total and three of four accounts…I’ll gladly pay the 1% insurance rate given where we are now…Certainly don’t run one regularly, it’s only for a portion of the accts (my go to on specific names is free collar, it’s imperfect to start with so not entirely efficient, and I’ll pull/reset at 50% down on the hedge…
Look at this cool place where Pumpkin could be working in person in St. Petersburg:
https://tinyurl.com/yc6392p3
Only about 100 yards from Tampa Bay’s ocean water, and a boat marina so it’s pretty clear Cathie’s not worried about the tides.
“You’re a fabulous storyteller. You combine…cultural and user- centric considerations to form compelling narratives about how companies and technologies could evolve. Your writing would not look out of place on Wired or The Information.”
OMFUG. No wonder she sucks.
I actually punched through the link to make sure your post wasn’t a goof. THOSE are her requirements for analysts?
At least she’s honest…she did ‘form’ an extensive ‘narrative’ on how TDOC ‘could’ evolve…total fucking fiction, company never mentions her thesis ever in its business plans…
How’d that Creative Writing 101 class work out for her investors?
Down only 88% on her fiction….
Sounds more like a nightmare than a bedtime story LOL.
Lib,
I understand, hopefully your house gets sold sooner than later. The location should also be a great plus! Fingers crossed.
At the end of the day, she has made more money investing with full transparency than anyone on this board and most human beings walking this planet. She doesn’t hide anything, and that speaks a lot, as it has opened her up to endless short attacks during the down cycle …and guess what, her funds are still alive and fine. All those other jokers went under and had to close up shop…not her.
So keep on hating on someone making way more money than you…but go ahead, tell her how to do it.
He still thinks she’s up.
Trump incited the invasion of the Capital Building and asked election officials to find votes.
Those accomplishments?
Backing his disciples who were chanting, “Hang Mike Pence?”
Straight shooter? Are you smoking crack?
And we are back in attorney review at a higher amount than the buyer who just broke the contract.
I feel like I am riding a seesaw solo.
My Western US college tour starts in Boulder tomorrow at 1pm. Wish me luck. A lot of crap is going on right now.
Remember. I still owe you all an explanation of our lawsuit with Glen Ridge Schools for the “D” that may be very, very close to resolution, after four fucking years. Was supposed to be done in 3 months. I love NJ.
I bet that ARK innovation center never gets finished.
Libturd says:
August 11, 2022 at 6:08 pm
And we are back in attorney review at a higher amount than the buyer who just broke the contract.
Have a great trip, and the sale will go through! The stress is unbearable , but the reward is great!
Rent: Personal savings rate is at its lowest since September, 2008. So, scratch that off your list.
Lots of August craziness in here, like the stock market. That’s why this time of year is called the silly season.
Lib: Glad you are back in attorney review, get out from under it, and take the profit, before the prices further. Lots of listings coming on in my town, and with ridiculous asking prices, although I am starting to see more of the new price listings like in the past.
Good for him.
https://patch.com/new-jersey/wayne/s/iczf8/delucias-is-still-selling-out-of-pizzas-after-nearly-perfect-review?utm_source=nearby-news&utm_medium=email&utm_campaign=alert
Now we can see why Cathie employs many liberal arts majors and very few CFAs on her investment team.
When you are as successful as her, then you can criticize. You and the haters are nothing more than Monday morning quarterbacks. Give her another cycle, otherwise the criticism is quite frankly not fair…does the stock market only go up? You can’t win 24/7…it’s not possible esp with an investment strategy such as hers.
BRT says:
August 11, 2022 at 5:51 pm
He still thinks she’s up.
Yes, because she is applying unconventional investment strategy. Come on, look at her investment thesis. Why would she want someone like you? You are a minimal risk investor focused on not making much, but not losing much. So why would she employ someone like you?
No One says:
August 11, 2022 at 7:54 pm
Now we can see why Cathie employs many liberal arts majors and very few CFAs on her investment team.
She needs out of the box thinkers. People able to visualize disruption. Not someone who is afraid to think differently and afraid to take risks.
“She needs out of the box thinkers. People able to visualize disruption. Not someone who is afraid to think differently and afraid to take risks.”
Or afraid to lose their clients money, apparently.
Given that I haven’t lost 50 billion, I’d say I am better than her.
Hey, anyone putting their retirement fund in ark gets what they deserve. It is not a “safe” investment. It clearly states it is a highly volatile bet on long-term disruption.
I’m done talking about her. Hate on her all you want even though I don’t know why you would.
BRT,
Yawn. You give me a good laugh..
Fed officials say inflation fight is just getting started, rate hikes will continue into 2023.
This guy using vets to put them in chitty underpaid positions and then trying to spin it as a good thing for the vets and everyone else. Now this is pure comedy. You are straight up using the vets to fill a teacher shortage you created by disrespecting the profession with pos compensation. Nice one.
“In Florida, we believe veterans have a wealth of knowledge and experience they can bring to the classroom, so we created a new program to help veterans become teachers.
We stand by our veterans and want them in our classrooms.”
https://twitter.com/govrondesantis/status/1557785517269319680?s=21&t=D8wkxICK0_LOIwaIpD5eEg
Lmao yup
“Call me crazy, but offering a job that thousands of professionals are fleeing the scene of because of demoralizing pay & an increasingly hostile work environment doesn’t really scream “we honor and respect veterans.””
Been saying this…
“Did Lockdowns Turn Americans Into Lazy Bums?”
https://www.zerohedge.com/political/did-lockdowns-turn-americans-lazy-bums
“What he is getting at is what I’ve called (after Keynes) the coming euthanasia of the overclass. It won’t be the people actually doing real stuff who will face layoffs but the Zoom workers who stayed home because government said they could and their employers could not object. Employees gradually discovered that they could be anywhere – at the pool, in bed, on the road, climbing mountains – and so long as they had a Slack app running, no one could tell.”
I’ve said this about WFH workers and 3b blasted me. I’m a teacher, I know human beings better than most. Human nature is human nature.
Lockdowns acculturated an entire generation to believe that work is fake, productivity is a ruse, money comes for nothing, the boss is an idiot, and many workers are privileged to be wealthy forever due to papers handed out for $200,000 by colleges and universities. Who needs productivity, much less ambition?
In the old days, in an ethos formed from bourgeois experience over hundreds of years, the idea of working and doing one’s part was ingrained as a moral habit, part of the liturgy of life itself. When the government told everyone to stop in the name of virus control, something went haywire in people’s brains. If governments say that the work ethic amounts to nothing but pathogenic spread, and we can all contribute more by staying home and doing less, it’s hard to go back. It wrecked a generation. We are paying the price now.
The good news for the productive few is that this means higher wages and job opportunities galore, especially if you have actual skill and a desire to work. The bad news for everyone else is that many companies will soon discover that you are useless. That’s when the unemployment numbers will start ticking up, making this recession look more like ones in the past except for the relentless decline in real wages.
To answer the question about whether Americans have become lazy bums, the answer is many but not all. It’s sector specific. And individual specific.
Strange times. Sad times.
Economist and Brownstone Senior Fellow David Stockman has an interesting take on this. Rather than just fire people outright, companies are keeping unproductive employees on the payroll just in case. He writes:
Today’s Q2 productivity report…came in at -4.7%, on top of the -7.7% decline posted in Q1. Together they amount to the worst back-to-back productivity declines ever reported.
Our point is that this development puts a whole new angle on the so-called “strong” labor market. To wit, owing to the labor market turmoil and disruptions of the Covid-Lockdowns and massive stimmy injections since 2020, employers are apparently hiring on a just-in-case basis like rarely before. This is otherwise known as top-of-the-cycle labor hoarding.
As shown below, since Q4 2021 economic output, which is a close derivative of real GDP, has shrunk by –1.2%. By contrast, the US nonfarm payroll has increased by 2.77 million jobs or nearly +2.0%.
Needless to say, with far more labor spread over contracting output, labor productivity took it on the chin. That is to say, bad Washington policies including $6 trillion of stimmies, massive money-pumping and the brutal Lockdowns of the Virus Patrol have apparently left employers dazed and confused.
At length, however, employers will wake-up to the fact that bloated payrolls against declining sales will result in a severe profit margin squeeze. Then the labor-shedding and layoffs will commence big time, even as the Keynesians in the Eccles Building are reduced to babbling about the “strong” labor market which suddenly vanished.
“I am shocked they did not cut open the furniture looking for documents. I would love to see what the judge’s instructions contained within the warrant are.”
I’ll put money on they end up exhuming Ivana. For someone that was allegedly cremated that was a big box buried on the golf course.
This story is just getting wilder.
Lib/Gator,
Good Luck with the house and good luck with this.
“may be very, very close to resolution, after four fucking years. ”
You may get to a resolution, but you are never over until your kid ages out or you move out of district.
Yes FAB.
In many states, they consider an autistic child disabled and you need not sue for him to be educated in a setting that is appropriate. Better to be poor in NJ than disabled. If this kept up much longer. He might be both.
Rosenbergs were convicted for giving U.S. nuclear secrets to Moscow, and were executed June 1953.
Lib,
Don’t take it personal with your fight with your district. You know the real reason they are doing this…trying to keep costs down. Once you set a precedent, others will follow, driving up the cost of education. Sending kids out of district is incredibly expensive. Talking over a 100k a year in some cases. It’s the single biggest factor in raising the cost of education per pupil, so districts try their damn best to keep the kids in district. I assume this is what is happening with you without knowing any details.
And you are correct, the poor districts spend so much on special services…from ESL to Special needs.
Housing Bust
China’s deflating property bubble is imperiling the world’s second-largest economy with effects that could ripple for years. Home prices are dropping in many cities after a long period of increases, data from Chinese real-estate developers and official statistics show. Sales of apartments nationwide by the country’s largest developers have slumped annually for 13 consecutive months, according to industry-data provider China Real Estate Information Corp. And millions of “presold” apartments that buyers have paid for remain unfinished, leading some purchasers to threaten to withhold mortgage payments. Home buyers could refuse to pay back up to $370 billion in home loans if their apartments aren’t finished, analysts estimate. Most Chinese banks, they say, should be able to absorb the losses, making a financial crisis unlikely, Rebecca Feng and Cao Li report.
The bigger risk is to China’s economy. Bank of America research analysts noted in a report last month that approximately 9% of the housing floor space that was presold in 2020 and 2021 risks not being completed on schedule because of developers’ financial troubles, affecting roughly 2.4 million households. “Such incidents, if left unchecked and spread out, could dampen market confidence, hit property sales and investment, weigh on economic growth, and cause social instability,” the analysts wrote.
Ever since inflation shot to the top of the public’s worries, President Biden and his fellow Democrats have sought to show they are on the case, even naming their signature tax, climate and healthcare bill the Inflation Reduction Act. Passing it is the “most consequential thing that Congress can do” to keep inflation from getting worse, Mr. Biden declared Wednesday. There are two problems with this. The first is that the claim largely rests on estimates that the bill will, over 10 years, reduce the budget deficit by about $300 billion, thereby reducing aggregate demand and inflation pressure. But the timing and composition of the bill mean it will actually have virtually no impact on inflation in the next few years, when it matters most. Second, the bill is only one of several major pieces of legislation Mr. Biden has signed or endorsed in the past year. WSJ’s Greg Ip looks at overall White House fiscal policy and its impact on inflation.
“ Supreme Court will rule that since nuclear weapons did not exist at the time the Constitution was written that
a.) there can be no prohibition against presidents keeping documents about them at their beach house and
b.) the 2d amendment guarantees everyone the right to have one.”
Why I don’t feel bad about a short squeeze and why I don’t like shorts. Took them for a ride on a DNA short squeeze yesterday. Of course they halted the short squeeze 3 times giving the shortcabal time to cover. Hope one day, they get destroyed on some unexpected news on DNA.
“Told you guys the 3rd upside halt is when the Shorts band together & attack, this was an opportunity for the #ShortCabal to wash their shares & maybe cover some of their short into this 100M shs”
“The worry is, is that this spike was them all washing their shares & preparing to smack DNA when they announce earnings (regardless of what they are) That has been the playbook for the past year or so, but hopefully that “plan,” has lost favor as we’ve seen beat up stocks like SHOP report, then rip up 30-40%, or even PARA reverse. My gut says this was a wash, but they’ve lost conviction in the short & might be taking some in before earnings if they can (and big spikes can bring out lots of shares from beat up longs & new shorts like the IBKR guys) Look how COIN ripped ahead of earnings”
“The shorts are the ones making real money, there’s a reason Ken Griffin is buying $75M houses faster than we can Buy DNA. Melvin Capital was not the anomaly, that’s the game plan. They try & drive stocks (usually health care or biotech related) out of business, cause then they don’t have to even cover & make 40% more by not paying taxes on the win! With lots of shorts blowing up they need to take down risk or was some shares to have ammo to attack a potential catalyst & squash any good news before something really blows up on them”
They budgeted 3 million to build their house on a lake in Dallas and their costs have soared.
I bet this house will be very tacky when it’s finished.
https://www.dailymail.co.uk/news/article-11104677/Couple-started-building-3M-dream-home-2019-cost-double-remains-unfinished.html#comments-11104677
Lib
Hopefully this deal goes through. Must be aggravating and stressful for you and gator.
“He still thinks she’s up.”
Cute, isn’t it?
Funniest (saddest?) thing is the idiot can actually look at his own brokerage statement to confirm everything written here, he bought ARKK top of cycle in the high 140s-150s…with it in the high 40s now he is DOWN about 70% on his investment in her yet can’t shut up about how great she is lol….if down 70% is the sign of a great manager in his mind, what does he think a poor performer returns him lol.
Actually though to be specific, SHE is up…she had a huge personal payday of 75bps on all those tens of billions of dollars from rubes before she evaporated all those moneys for them.
“She needs out of the box thinkers. People able to visualize disruption. Not someone who is afraid to think differently and afraid to take risks….Or afraid to lose their clients money, apparently.”
That’s where the humility requirement comes in…see she really is a forward thinker!
Grocery prices had their biggest increase in July since 1979, 13.1 percent increase from last year.
Grocery prices had their biggest increase in July since 1979, 13.1 percent increase from last year.
President Vegetable said inflation is zero… zero. I had to say it twice because the vegetable thinks he’s making a point by reading the same line in the cue card twice.
I don’t like being a d’k, but you are throwing punches.
She has made way more money than you ever will. You obviously measure wealth with smarts, so it’s f’ing hilarious that you think she is an idiot. So this idiot had a much better career than you and built a successful fund. Stop being an a$$hole and beating her up for the down part of the cycle. If you are so much smarter than her, how come she has left you in the dust in terms of success?
It’s beautiful out. Finally done with this disgusting Florida weather we had to deal with. Now if i can get some rain..
Wealth and smarts don’t always go together.
Wealth can easily go with evil, narcissistic, pathological, thieving, criminal, deceitful, charming, dishonest or plenty of other distasteful attributes.
Now if i can get some rain..
It’s Wayne. Go put on a hula skirt and do a dance on the front lawn.
Don’t forget to post it on TikTok. You might become famous.
Please post link to TikTok video.
Been trying to reach my lawyer for weeks. Guy is a G-spot. Can’t find him.
The past year has proven that it was 100% luck with the backing from a ponzi schemer from her church group. All those gains evaporated, and clients now tens of billions in the hole. You can’t find another manager that’s ever destroyed wealth like that. All that remains are those commissions, which you are happy to pay while she loses you money.
As per Bloomberg, Canadian house prices are rapidly declining , and may fall as much as 25 percent! It was indeed a bubble.
Jesus, it was a Fed induced end of cycle for high growth. Chi knows it, but will never acknowledge it. She is not lucky, she is good at what she does. Name one high growth stock that didn’t get destroyed by the Fed raising rates the highest in decades. So please tell me, what high growth stocks should she have invested in? That’s all she is allowed to invest in, this is not a value ETF. So if anything, she is unlucky…unlucky that the govt shutdown the economy and created inflation from broken supply lines that had to be addressed by raising rates. There was absolutely nothing she could do in this environment except consolidate positions into her highest convictions which she has done. When the next bull comes, she will absolutely kill it.
By the way, I have zero dollars in ark. I consolidated just like her into my highest conviction high growth stock…DNA. I still love ark, but I have to maximize my position into my highest conviction when it is at bargain basement prices. I will be rewarded big time in a couple years.
BRT says:
August 12, 2022 at 10:47 am
The past year has proven that it was 100% luck with the backing from a ponzi schemer from her church group. All those gains evaporated, and clients now tens of billions in the hole. You can’t find another manager that’s ever destroyed wealth like that. All that remains are those commissions, which you are happy to pay while she loses you money.
Oh, it’s the Fed’s fault? As if everyone doesn’t sit around drooling over the fed’s actions. If you have 100 billion in inflows, you might want to hire one person who anticipates rising rates like the dozen people on this board did. We told you exactly how it would play out with her, and it did. Why couldn’t she see it? She got everything wrong, and it was clear as day. And btw, the only reason her stocks jumped was because they shut down the economy and flooded it with funny money.
BRT. She has made a shitload of money. She has a mousetrap and is sticking to it. What this does is show the power of an internet fueled echo chamber on those open to suggestion. No different than Trumpers, Scientology, radicalized fundamentalists.
We value investment returns. Other individuals vale the community more, or even just the stimulation.
Fab,
Wow, what an angle. It is convenient that Ivana died right before deposition. If I was from the party of dumba$$ conspiracy (say dumb enough to have 1k people show up in Dallas for JFK Jr’s return), I may believe he buried documents with her. If it was a cremation, you bet they would be in urn and dumped.
What should she have done? Shut down the fund? Be real.
She was making money for years. Beat the chit out of everyone from 2014-2020. How do you think she got so popular. And it’s the popularity that almost killed her along with the Fed.
The Fed flooding the market and almost killed her. She had to deal with massive inflows when investing in small cap high growth. You know how difficult that is? Do you know how ETF’s work?
So I ask again? What should she have done to avoid the downside while keeping the fund open instead of shutting it down and staying true to said investment strategy?
And I would love to be buying her funds, but like I said, she can never match what DNA will bring to the table at these prices. So I do what I have to do when it comes to my high growth positions.
BRT says:
August 12, 2022 at 12:12 pm
Oh, it’s the Fed’s fault? As if everyone doesn’t sit around drooling over the fed’s actions. If you have 100 billion in inflows, you might want to hire one person who anticipates rising rates like the dozen people on this board did. We told you exactly how it would play out with her, and it did. Why couldn’t she see it? She got everything wrong, and it was clear as day. And btw, the only reason her stocks jumped was because they shut down the economy and flooded it with funny money.
Good, get the Pos’s. Dirty scumbags.
BREAKING: The SEC is investigating hedge fund Melvin Capital Management.
What are your high growth positions?
I may believe he buried documents with her.
Hunter has the documents.
Diff is that I don’t care Ed..prosecute both of them. The cult believes Orange Khan is a victim who did nothing wrong. That is insanity. Talk about crybaby whining.
Bystander, the difference is they have given Biden special treatment. What’s more serious an alleged issue of an unknown nature with privileged documents or corroborated reports of Joe Biden being the “Big Guy” and damning evidence on a laptop showing contacts with high level Chinese executives who are assets of the CCP, malfeasance in Ukraine, etc?
Again it’s curious timing, is it intended to derail his nomination or is this theatre for the midterms? It’s been nearly 2 years since he left the WH, this seems very unusual even Nixon wasn’t “raided” by the FBI….
Wtf is a high growth position?
Boulder Colorado has changed since I was in college. So foofy now. It used to have a college town feel. Now it feels like the Short Hills Mall.
Hire a risk manager for 250k
Stop the non-sense JCer. The two are completely different. Trump is insane and lost hid mind to point of doing very illegal things. His own family/ Barr said they believed Trump lost fairly yet Dumpy became demented with rage. You guys hang on ‘Big guy’ yet you know full well that you need bank transactions that Biden took money. They don’t exist most likely. I agree that Russia collusion was mostly BS stunt/retribution but believing the deep state theory against Rs is hilarious after 3 years of political hit on Hillary with hearings , FBI investigation and ‘found something..maybe” announcement right before election.
Folks they changed the law in 2009, ex-presidents only have 40 days to challenge documents as personal or privileged, before that every ex-President said the documents were under review basically indefinitely. Trump hired a lawyer to stonewall every document with the National Archive librarians because he knew the house and senate would be able to access them. It’s pretty silly that the GSA packed up those documents and even shipped them to Trump’s house, nothing but personal effects should have ever left the west wing or the Einsenhower building. What’s in those boxes? I bet they don’t have any turn inventory, it was all packed up in a haste.
As far as the criminal referral? It’s a bug FU from the former National Archive Director David S. Ferriero who did it just before he retired in April. READ his letter sent to Wray and Garland from February after the got the last batch of boxes in January, he was tired of Trump’s people and lawyers stonewalling.
Bystander, I’m not defending Trump, he’s a schmuck but it is important that the law is applied equally which it certainly does not seem to be.
The fact that our president had his son peddling influence and he personally profited on it is a BIG DEAL. The email indicated Hunter is “Holding it for the Big Guy”, not sure what else is needed. If this were not the Bidens, Hunter would have already been prosecuted and they would be applying pressure to get him to rollover on his father and his uncle.
Lib . . . I’d always want the inspector that makes the 169 page report. Negotiations over repairs for Multis/rentals (as opposed to houses slated for owner-occupant) is just theatre overlaying market position and poker playing. . The buyer claims the house needs all this work, blah, blah, just give me a number.
The question on repair credits is just market dynamics – If you have 3 backup offers, tell the buyer $5k and that’s final. If you don’t, you might need to just bend. I’ve never purchased a multi with less than $10k repair credit. And, lots of multi investors get that number up to $50k or more. It’s a strategy, the big REITs do it – offer a high number and go under contract but then kill the seller on repair credits. On the flip side, I’ve spoken with experienced residential purchase-sale attorney who said he really rarely goes past $1k or $2k in his deals (over 30 year career) because that is a sign that people are playing games. In my head, I was thinking who in the world was only taking )2k in any NJ real estate deal in 2010-2012?!
I’m not surprised another buyer stepped in (that would be someone thinking rates are going up in near future and inflation means that housing prices do not decline). I don’t know if you are selling to owner-occupants or investors. Your pitch above “gardens and fences and whatnot” makes it sound like owner-occupants. The pitch would be how close your rent roll is to 1% rule if you are targeting investors or that Montclair might actually let one build an extra house in the backyard (so, there is $300k+ of development land value here). As an investor, I don’t care about gardens because tenants don’t pay for it – the rent with versus without will be the same.
If you want it gone, I hope the sale goes through on this contract.
JCer,
So then this is evidence of Russian collusion by Don Jr? I never knew email was now direct proof that something happened. Like I said, search and find evidence needed to convict two. It is not a conspiracy just bc you don’t like that nothing was found.
The documents “would incriminate Hillary and her dealings with Russia and would be very useful to your father,” read the email, written by a trusted intermediary, who added, “This is obviously very high level and sensitive information but is part of Russia and its government’s support for Mr. Trump.”
If the future president’s eldest son was surprised or disturbed by the provenance of the promised material — or the notion that it was part of a continuing effort by the Russian government to aid his father’s campaign — he gave no indication.
He replied within minutes: “If it’s what you say I love it especially later in the summer.”
Four days later, after a flurry of emails, the intermediary wrote back, proposing a meeting in New York on Thursday with a “Russian government attorney.”
Donald Trump Jr. agreed, adding that he would most likely bring along “Paul Manafort (campaign boss)” and “my brother-in-law,” Jared Kushner, now one of the president’s closest White House advisers.
On June 9, the Russian lawyer was sitting in the younger Mr. Trump’s office on the 25th floor of Trump Tower, just one level below the office of the future president.
^also, the realtors on here won’t like it, but the “third” negotiation is the realtor lowering their take to get the deal done, if you can’t close the gap on repair credits.
First Price Negotiation – Offer, counter, under contract
Second Price Negotiation – Inspection, Repair credits
Third Price Negotiation – Get the realtors to cut their commission
Every deal I ever was involved with went through this and I don’t even have particularly sharp elbows or, to my chagrin, killer instinct. Just my $0.02.
Jcer – Hunter is under grand jury investigation. It’s reported a witness who testified before the Hunter Biden grand jury was asked to identify the “big guy” is the when Hunter planned a deal with a Chinese energy company. I doubt he walks from this, charges will be filed and pappy will pardon if he is still in office as any father would probably do. They cannot bring charges against the president directly only an impeachment. The next year should be quite interesting so buy more popcorn, especially if the Republican’s take the house.
“ A list of documents removed from Donald Trump’s Florida residence, Mar-a-Lago, includes materials marked as top secret and meant to be viewed only in secure government facilities, The Wall Street Journal reported on Friday.”
Crushed. Thanks. I am aware of most of this. First buyer was investor with cold feet. 2nd plans to owner occupy, which it is ideal for.
took weeks For the archivists to determine what was in the last bunch of boxes. That is what they wrote to the democrats investigating Trump anyway. You can bet it will takes weeks for them to make any kind of determination, this is all printed papers, gifts and junk like pens and notepads with logos not some meta data that can be searched for keywords. I have my doubts as to
Whether anything Top Secret can even be printed, all that stuff is supposed yo be locked down tight. we shall see, perhaps some stuff on Iran nukes and heck maybe even estimates of what Nuke firepower the pakis, India and Israel have these days.
Asbury Park Ocean is a mixture of bottle caps and spotted lantern flies today. Gross
In light of the Espionage Act revelation should Trump be called “MAGA Hari”?
Lol you sold all your ARKK, what happened to hold it for the long term. You adopted her but high sell low strat.
Greetings from a tiny Greek village (pop. 800) where life is simple and the food is unbelievably good. I know two people on first name basis, the guy who cooks my fish and the bartender/barista, who also moonlights as a realtor.
My wife has been able to work remotely without skipping a beat, and I’m at a point where I just need a few weeks off.
Yesterday I snuck into a hillside luxury villa construction site a few miles away from here. Seeing buildings framed out of rebar waiting for concrete pours gave me a hard on.
I see the VIX is in the teens and the s&p clawed back to its two hundred on light August volume. This setup just seems a bit inevitable.
“The fact that our president had his son peddling influence and he personally profited on it is a BIG DEAL. ”
I believe that “big guy” email is from 2017- wasn’t Joe Biden a private citizen then?
As far as I know, ex-vp’s are free to engage in any (legal) business dealings they want, just like any other private citizen.
bUt hEr eMails
You gotta be a special brand of retard to believe the latest hoax. Each one is more pathetic then the last.
The fbi can’t stop a school shooter whose online persona was school shooter and is still covering the fact that fauci funded covid. Real credible people.
Where Hunter and the big guy registered as lobbyists? Did they claim it all as income?
Will this 80k new irs employees need lining into that or just harassing MAGA people. Never mind we know the answer.
Tax cheats. They’ll go after tax cheats.
If that’s synonymous with “MAGA people”
in your tiny pinheaded brain. So be it.
“Where Hunter and the big guy registered as lobbyists?”
Did they do any lobbying?
“Did they claim it all as income?”
Why do you think they didn’t?
You are reading an awful lot into one very vague email!