No, they are going to spend like drunken sailors

From MarketWatch:

‘We’re likely to see one of the greatest transfers of intergenerational wealth,’ as $68 trillion set to ‘reshape economy,’ says head of TIAA

What big issues will we be reading about in MarketWatch when it comes to retirement?

First, in the next five years we’re likely to see the start of one of the greatest transfers of intergenerational wealth. It’s estimated that upon their deaths, the Silent Generation and Baby Boomers will transfer somewhere between $30 trillion to $68 trillion to their adult children. This will put younger generations in the driver’s seat and has the potential to reshape our economy. Millennials and Gen Z should be prepared for this shift in wealth by making sure they’re working on their financial literacy, considering if they will need to meet with a financial advisor, and thinking about their long-term investment strategies.

What will the younger generation do once they are in the driver’s seat?

I think we’ll continue to see younger generations drive growth in responsible investing, choosing to fill their financial portfolios with companies that align with their beliefs. This is almost certain to become less of a trend and more of the “norm” as we see the immediate effects of climate change and as younger investors begin planning for their financial futures.

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239 Responses to No, they are going to spend like drunken sailors

  1. dentss dunnigan says:

    First

  2. Dentss dunnigan says:

    Not sure how much voting matters when the elections are rigged and the do-nothing republicans are RINO’s.

    That said … the democrats are responsible for:

    The highest inflation in 40+ years
    A 20-25% drop in 401K values
    Cratering home values with 7% interest rates
    Millions of third world illegals now infesting the country
    Off-the-chain crime and violence in blue ****hole cities
    Racist CRT and perverted trans ideology in the schools
    The brink of a nuclear WWIII

  3. grim says:

    Blame it on the previous administration…

  4. grim says:

    Well, in 2 and a half months or so we get another round of minimum wage increases, which will add additional wage pressures. Some notable increases:

    Nevada 7%
    Delaware 12%
    Florida 9%
    Missouri 8%
    Virginia 9%
    Illinois 7%
    Rhode Island 6%
    Maryland 6%
    New Jersey 8%
    Connecticut 7%

    Sure, some of this may have already been pulled forward by the tight job market, but not all of it. We’ve already seen evidence that the minimum wage increases result in additional wage increases for higher wage employees roughly 3-6 months after, so we’re going to see more trickle up wage pressure extending into 2023. Anyone hoping that wages are going to back off, it’ll NEVER happen.

    No rest for the Fed.

  5. crushednjmillenial says:

    NYC migrants updates over the last few days:

    -19,200 migrants have been bused to NYC (1,800 came over this past weekend), according to Mayor Adams
    -NYPD is aggressively ticketing the Texas charter buses (stopping them and checking tire treads and windshield wipers for violations)
    -150k+ people have crossed the Darien Gap so far in 2022 – it was only 130K in all of 2021
    -In August 2022, Border Patrol reported contact with 25,000 Venezuelans, 19,000 Cubans, and 12,000 Nicaraguans (by and large, we cannot deport to these countries due to conflict between the US and them)

    -at 19,200 people, the NYC metropolitan area is now in a state wherein 1 out of every 1,000 people living here is a migrant that has arrived here by Texas bus
    -there are more recently-Texas-bused migrants in the NYC metro than residents of Rutherford, NJ

  6. 3b says:

    According to Vanguard and Fidelity sources, Boomer 401k balances are low, second, we are told that a large percentage of retirees rely on social security for 50 percent or more of their income during their retirement. Where is all this money that’s supposedly going to be transferred to the younger generations coming from?

  7. 3b says:

    Crushed: On those rent numbers you posted last night, I stand corrected. I did not know places like Newark etc were getting those prices.

  8. 3b says:

    Goldman says it’s time to pivot from the pivot. Fed will keep raising.

  9. Hold my beer says:

    crushed

    The Dem leaders wants em, well they gets em. Mayor Adams is now asking for 1 billion in federal aid to help with the cost of their care. You’d think the Dems would look at europe to see their future. Their leftists governments welcomed millions of refugees from Africa and the Middle East, and now Europe is pivoting to the right. Same thing will happen here.

  10. grim says:

    -NYPD is aggressively ticketing the Texas charter buses (stopping them and checking tire treads and windshield wipers for violations)

    Well, that’s ridiculous.

  11. Libtrd says:

    HMB,

    Always happens when the economy sours. Gotta blame your problems on something. Ignore that CEO making 4oo times the average worker in his company. Blame it on that Mexican flipping burgers.

  12. BRT says:

    It’s amazing to me how these European countries all went on a suicide mission. The same goes for our cities. All while claiming to be virtuous.

  13. Juice Box says:

    3b – High-net-worth individuals. You don’t need that many to come up with $30 trillion these days.

    Top 0.1% hold 17 Trillion in wealth
    Top 1% hold 25 trillion in wealth
    Top 10% hold 50 trillion in wealth
    Middle class hold about 50-90% hold 39 Trillion in wealth
    Bottom 50% hold only 4 trillion in wealth

    Here it is by age.
    70+ – 34 Trillion
    55-69 – 57 Trillion
    40-54 – 35 Trillion
    under 40 – 8 Trillion

    Table Z-1 from the Fed.

    https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/

  14. Juice Box says:

    Grim – re: “Well, that’s ridiculous”

    What else can an ex-cop come up with?

    Well AOC is now criticizing Mayor Adams plans to setup a tent city in the Bronx to house the immigrants.

    There are over 500,000 people now living in the NYC housing authority’s aging 335 public housing developments, there is simply no room for 100,000 more people, they need to build more public housing blocks. Lots of them…

  15. Juice Box says:

    That TENT city which was under construction in the parking lot at Orchard Beach in the Bronx has now been scrapped and moved to Randall’s Island, but it is only for like 1,000 people or so. What will happen is they WILL bus them out to NJ and other NY communities as they arrive.

    Here is an interesting take from and English hotel owner. The government offered a hotel £1million to house some immigrants for a year. Owner turned them down as he fears the place will be trashed. I would think the Hotels in NYC might feel the same way now and won’t take any more immigrants.

    https://twitter.com/GBNEWS/status/1579537672074297361

  16. Chicago says:

    “What will the younger generation do once they are in the driver’s seat?

    I think we’ll continue to see younger generations drive growth in responsible investing, choosing to fill their financial portfolios with companies that align with their beliefs. This is almost certain to become less of a trend and more of the “norm” as we see the immediate effects of climate change and as younger investors begin planning for their financial futures.”

    Why did my portfolio underperm?

    Well, you told me that you didn’t want any fossil fuel exposure, so I took measures to ensure it wasn’t there. If you remove XLE from SPY, it rips the main negatively correlated sector in 2022. So what is more important, your mandate or returns? (Was more diplomatic).

    Focus on your job (in other words, fuck that nonsense, max out my money). Good as long as we have clear agreement on that mandate.

    Sunlight is said to be the best of disinfectants.

  17. Chicago says:

    2Y 430
    10Y 392

  18. Libturd says:

    Nasty already down to 10.4K. Can’t wait for earnings.

  19. 3b says:

    Juice: That was my thought, much of the wealth will be transferred to relatively few.

  20. Phoenix says:

    So much negativity on the forum today.

    It’s going to take a nuke or two from Putin to change the narrative.

  21. Phoenix says:

    This was the plan, it has always been the plan. Anyone who thinks this is an accident is a dolt.

    Juice: That was my thought, much of the wealth will be transferred to relatively few.

  22. Phoenix says:

    Sunlight is said to be the best of disinfectants.

    Nukes come pretty close.

  23. leftwing says:

    Best title post in a while, lol.

    “Anyone hoping that wages are going to back off, it’ll NEVER happen.”

    Which is why you never let the inflation genie out of the bottle to start with…your Gatorade is never going back to 32oz from 28 either, and the price increase for the smaller portion is permanent. Same for your Doritos, cereal, etc…

    On suburban SFH rentals, yes, often very much under market…I took two over the course of my time in NJ, one on a sale of a house, one on the divorce…condos move near market likely due to easy up-to-date comps…houses different story. Find many owners are seriously older and often tag rent to financial needs not the market…the woman I took a SFH from was just looking to top up her parents (80s?) SSI to a specific number…also, there seems to be an implicit agreement that in exchange for not hounding on even not-so-minor items the rent doesn’t move…I know someone (unbelievably) in the same SFH rental for seven years now with this type of ‘arrangement’…maybe there was one rent increase but there also was very little requested of the out of town landlord (prior owner).

  24. leftwing says:

    3b, again I think we are closer in view than further…I have an opinion on what the Fed should have done which basically indistinguishable from your view…my point is that what the Fed is doing is not consistent with their own signaling…if he was going to go all Rambo why wait until JH and trickle out the large increases….And, btw, the market still doesn’t believe the Rambo costume, look at FFR futures…

    There is a reason he has little credibility, and he owns it.

  25. 3b says:

    Phoenix: 4 years of Trump, followed by almost two years of Biden and Harris, and many Americans are just exhausted, plus Covid for 2 plus years. We can go back and further and 8 years of the empty suit Obama which was preceded by 8 years of Bush the clueless. A long, decline, where the lunatics appear to be in charge on both sides.

  26. Phoenix says:

    Wanna make it interesting? Give every individual in a tent city a gun and nine rounds.

    Call it a social experiment.

  27. Juice Box says:

    re: “as we see the immediate effects of climate change” and “younger investors begin planning for their financial futures.”

    Purchase land 10 ft higher than current sea level.

    https://mashable.com/article/thwaites-doomsday-glacier-antarctica-melt-sea-level-rise

  28. Phoenix says:

    3b,
    They aren’t just exhausted, they are triggered. I see the results of the rising anger directly where I work. Yesterday was horrid. I mean, it’s job security for me, but society in America is continuing to self destruct.

    All so some grubby little cretins can add an extra trillion to their portfolios. At least a nuke might get a few of them.

  29. Phoenix says:

    Juice,

    The methane is pumping out of that pipeline, and it’s a potent greenhouse gas. All because of narcissistic greedy boomers and greatests.

    No regards for the children or their future.

  30. 3b says:

    Left: I agree. I guess my point is this narrative from some that he should ease up is what I have a problem with. He screwed up, and now he has to make up for the screw up. I agree his credibility is shot, and there are those who still don’t believe he is serious. You hit the bullseye with the inflation genie comment, and how he (Powell) has to go all the way in a attempt to kill it.

  31. Phoenix says:

    ‘I can no longer remain in today’s Democratic Party that is now under the complete control of an elitist cabal of warmongers driven by cowardly wokeness, who divide us by racializing every issue & stoke anti-white racism, actively work to undermine our God-given freedoms, are hostile to people of faith & spirituality, demonize the police & protect criminals at the expense of law-abiding Americans, believe in open borders, weaponize the national security state to go after political opponents, and above all, dragging us ever closer to nuclear war, ‘

  32. Phoenix says:

    Now this you don’t see every day. Asian dude just watching is priceless- so mesmerized he cannot even pick up his phone to film it:

    https://youtu.be/jfAzS30kVnQ

  33. 3b says:

    Phoenix: I agree. I am seeing it with extended family members on my wife’s side now. People I have know for years, and I am now finding out they are cold , heartless ruthless, feckers! All about the money.

  34. leftwing says:

    Haha 3b, more proximity….

    “A long, decline, where the lunatics appear to be in charge on both sides.”

    Agree, and agree going back to Bush/Obama as well, would however suggest “total incompetence” for lunatics….I mean. seriously, would anyone here have hired any President from Bush2 onward for any executive role where they had full p/l and hiring control? I wouldn’t let half of them babysit my child….

    “…my point is this narrative from some that he should ease up is what I have a problem with.”

    Don’t disagree, just note that I avoid “shoulds” because, well, my opinion doesn’t matter. The issue for me is once he determines a goal, stick with it and use the most efficient and direct way to get there. He fucked up the trip South to the Shore, and he’s fucking up the return North as well. Pretty epic. Dead cyclists all over the road from Mr. Magoo.

  35. leftwing says:

    Some names drilling center Earth….as our feckless moneyman would say everything is data dependent but if we dump in the next two weeks on this earnings season it will likely be the ‘everything must go’ sale I’ve been waiting for and I’ll start to load up for long term…likely won’t be actual bottom but close enough…META is among the most hated names right now, in the 120s…she breaks 123 and you are back to 2016 levels….2016….

    I get the growth prospects are wildly different than back then when they had a green fields and blue skies, ie. no tik-tok and a not amorphous business plan…but still, this is a profit/cash flow machine that Zuck controls with a flick of the switch…2016 price levels at a 13x forward P/E….sheesh….

  36. 3b says:

    Left: I agree all around. Total incompetence for over 2 decades. No end in sight.

  37. Phoenix says:

    this is a profit/cash flow machine that Zuck controls

    Question is does it do more good than harm to the mammals that are infected by it?

  38. Ex says:

    HOV lane going in near Santa Barbara.
    Feds are financing (grant) a percentage of the work.
    Remaining 2 mile stretch is going to be $246m

  39. BRT says:

    Juice, did you see my end of the night posts yesterday?

  40. Libturd says:

    Left,

    INTC – P/E of 5.5 and likely going lower. I am salivating at the prospect of the bottom dropping out of this market.

    Remember, I said to load a sizeable chunk in at 9,300 on the nasty. Good chance we see that number which seemed completely unreasonable when I said it a year ago. Truth is, I honestly believe we may even see the 7,750 everyone laughed at me for saying. If we do see that number, I’ll sell my home and will join those Mexicans in the new tent city for a while and will let that million double overnight.

  41. leftwing says:

    Alright boys, how about a crowd sourced NJRER stock watch list going into earnings in the event of a decline?

    Guidance (but do your own thing) would be to prioritize companies that have strong balance sheets, reasonable current valuation multiples, and the prospects for better than average growth relative to their multiples…market leadership a plus as is demonstrably better than average management…

    I’ll start….if people are serious I’ll even work to get something on google spreadsheet or such

    META: below market multiple, pristine BS, management box checked, market dominant but declining

    GOOG: same as above but above currently higher than market multiple offset by better growth prospects. Controls its own privacy constraints like AAPL, unlike META. For both META and GOOG if Section 230 gets re-worked (SCOTUS case upcoming) it virtually assures a tri-opoly here as no smaller competitor will be able to reasonably and cost effectively comply.

    TREX: Pristine BS, market dominance, macro-trends in its favor, probably the best risk-adjusted play on the (eventual) bounce in the housing market…management fine with one question mark…was at market multiple in the 40s a week or so ago, want entry at that point again if offered.

    I’ll better screen some of the midcap names I’ve tossed around to Lib over the past couple months.

    As always, we’re all adults here, all disclaimers apply…

    Whatcha got boys (and girls)?

  42. Ex says:

    tUlSi ‘s nOt a DeMocRaT aNymOrE….!!!!

    LMFAO

    Google Searches rise: tUlsI biKinI

    Fap…Fap…Fap

    Gravy Seals

  43. Ex says:

    Nice pop for Amgen. Oh yasssss

  44. Ex says:

    Shares of Amgen Inc. AMGN leapt 5.2% in morning trading Tuesday, enough to pace the Dow Jones Industrial Average’s DJIA gainers, after Morgan Stanley turned bullish on the biotechnology company.

  45. BidenIsTheGOAT says:

    Why would someone suggest that the democrat party has been captured by neocons with a woke veneer be so bothersome to you. Unless it’s on the money.

    If you find yourself cheering for endless wars but aren’t sure why then you might have your answer.

    The left works justifiably be melting down non stop if 45 were stumbling into a nuclear war. Instead they are cheering it.

  46. Trick says:

    Wife went for a trail run yesterday in Western morris, when she pulled into the lot cops where there, 3 cars were broken into. They said same guys hit another park an hour earlier. Can’t even go for a walk in the country.

  47. Juice Box says:

    BRT – I did just now see your post don’t know if it was a Carl P, just some kid from Dumont. As far as the giant satellite dish, that was also the local shooting range until the late 80s. We used to jump the fence and collect used bullets. The cops even let us fire small caliber revolvers for their turkey shoot benefit around Thanksgiving. Nothing like a cop handing you small arms to fire when you are 12 years old and only 2 bucks for six shots.

    As far as the BMX trails we dug them ourselves with small foldable army shovels and built those trails back in the woods, complete with berm turns and a big jump over the dry stream bed. The town would come in with a bulldozer and knock them down and the cops would chase us out. As revenge for bulldozing, we dug a small pit across the dirt road about a tire size and two feet down and covered it with a tarp and dirt from the road. It was easy to get the cops up there in the summer, just taunt the people at the swim club and they would come. Well it was around July 4th and we had bottle rockets. So we launched a few dozen into the swim club and then it actually happened a cop car came down the dirt road looking for us and got stuck with the front wheels in the pit, all that cop heard that day was a dozen kids on BMX bikes laughing from the woods as he was stuck. This was after the ET movie, we loved being in those woods and causing trouble. The great thing about those woods was the convergence of three towns Dumont, Bergenfield and New Milford. If the cops chased us we would just ride our bikes to the next town over and escape, and we met kids from all the surronding towns who we normally would not see in school etc. Fun times on BMX bikes that is for sure.

  48. BidenIsTheGOAT says:

    The fiends have been doing that for years. They show up, sometimes pretend to be walking their dog, when no one is around they start rifling through cars. They know people leave valuables in the car and sometimes even the keys with it unlocked.

  49. grim says:

    Watched someone’s catalytic converter get stolen on the security cameras over the weekend. Was done in two minutes, max, and I’m talking from entering to leaving the parking lot. SUV pulls into an empty space next to a van. Back door of the SUV opens, guy literally slithers from what must be the floor of the SUV, assuming because it looks like he goes under the SUV door (hard to see), and right under the van. Can’t see his hands, but assuming he must have had a saw for it to be done that quick. Slithers back into the SUV and closes the door. Pulls out, done.

    SUV never turned off, in fact from the lights, it looks like it was sitting there in reverse, ready to jet.

    If the camera wasn’t at just the right angle, you’d never be able to tell what the hell was going on, other than the back door opening, and then closing.

    There was another van parked in the street, almost right in front of the van they stole it from, they didn’t bother – but it was totally out in the open.

    Hard to believe this is still a thing.

  50. BRT says:

    If the cops chased us we would just ride our bikes to the next town over and escape, and we met kids from all the surronding towns who we normally would not see in school etc. Fun times on BMX bikes that is for sure.

    haha, yes, I remember, the Dumont/Bergenfield swim clubs being like 300 ft from each other. You would always run into kids you had never seen in school or rec. I remember when we discovered they put all the municipal leaf piles in that lot over the winter. We would leap into them from like 10 feet and the things would steam from below. There was also a rope swing by one of those streams. The place was literally designed for kids to cause chaos…but it was perfect. I wish my kids had a spot like that. One time we got caught lighting fireworks there. The cops jumped out of the bushes and handcuffed us. But one of them went to high school with friends brother and they proceeded to just make fun of us and let us go.

  51. Ex says:

    Vote like your future depends on it:

    https://tinyurl.com/3wwcatjx

  52. grim says:

    Kids these days can’t be bothered to dig out a track and especially to pile up enough dirt to make berms.

  53. Libturd says:

    We used to do pretty much all of the same BMX nonsense. Some of us even raced down at Howell. We built some amazing tracks ourselves and broke many bones. We used to steal the cardboard from the back of Cumberland Farms convenience store and would jump through the flames. Same bottle rocket games, etc. We also used to jump on the freight trains that ran through Spotswood/Old Bridge heading east and would jump off around Colts Neck and would ride to Sandy Hook. Was a long slog back and we would get busted all of the time for riding on Route 18, which is like the quietest highway in NJ between the Parkway and Old Bridge. Pegs weren’t for racing. Oakley hand grips of course. Man, I miss being a kid. My parents were cheap. I rode this super heavy framed bike from BCA. I was so embarrassed, I removed the medallion and spray painted the entire frame fluorescent orange. I did mod the entire bike to where the only thing left original was the frame. Even put on the neck rotor and requisite sharp pedals that would scratch the crap out of your shins when your foot slipped off. Man, the kids today have no clue. Call of Duty? Zelda bitches.

  54. Jim says:

    Ex says:
    October 11, 2022 at 2:00 pm
    Vote like your future depends on it:

    https://tinyurl.com/3wwcatjx

    That said … the democrats are responsible for:

    The highest inflation in 40+ years
    A 20-25% drop in 401K values
    Cratering home values with 7% interest rates
    Millions of third world illegals now infesting the country
    Off-the-chain crime and violence in blue ****hole cities
    Racist CRT and perverted trans ideology in the schools
    The brink of a nuclear WWIII

    Ex. I agree but Biden and the brainless Dems may destroy the country before that next election even comes .Reality sucks , how much is gas in California NOW?

  55. Ex says:

    brainless piece of shit….Jim…

  56. The Great Pumpkin says:

    Clifton had some good bike spots. That’s for sure.

  57. The Great Pumpkin says:

    True story!

    “Zelda bitches.”

  58. Bystander says:

    The Dense Dumbagain post is hardly fact-based, Jim. I guess we should also thank the Biden for our homes values rising 40%..

  59. The Great Pumpkin says:

    Current situation:

    1. Stocks in free fall like a depression is coming

    2. $VIX is flat over last 2 weeks like nothing is happening

    3. WTI crude trading like the recession is gone

    4. Gold trading like we have deflation

    5. Bonds trading like inflation is 20%

    Nothing adds up.

  60. joyce says:

    Because the “defense” contractors would be unhappy

  61. Jim says:

    Ex says:
    October 11, 2022 at 6:20 pm
    brainless piece of shit….Jim…

    I guess when you can’t accept facts you call people names. It is a shame your not smart enough to see two sides. By the way how much is gasoline in California? If any is brain dead it would be you….. How is the pot in California?

  62. SmallGovConservative says:

    The Great Pumpkin says:
    October 11, 2022 at 8:07 pm
    “Nothing adds up.”

    Yes it does. In fact it’s very simple. Stooges like you and Bi voted for Slow Joe and Karmella. It’s been a straight line to chaos since those two imbeciles took over.

  63. The Great Pumpkin says:

    “Got request for latest $ARKK flows. Brace yourself:
    1mo: +$100m
    6mo: +$870m
    YTD: +$1.2b (Top 3% among all ETFs)
    1Yr: +$320m”

  64. Bystander says:

    Trump and Schiano – I see a pattern of Small being fooled by hubris, lies and silly red hats.

  65. Libturd says:

    straight line to chaos since those two imbeciles took over.

    Right.

    https://youtu.be/UXR_bqyAy4E

  66. Bystander says:

    Firing people on whim and reckless spending of other people’s money..the pattern grows stronger. He likes his men impetuous and dumb..

  67. BRT says:

    I hope the inflows keep happening. She has 12.5% of an ownership in PACB, a 1.25B market cap company that makes up 5% of her ARKG ETF. The ETF is so overweight that small cap it’s insane. The price mean reverts to 5 regularly and she goes to buy (she’s the only buyer) and jacks it up to $6 or 7$ periodically. It’s been the easiest periodic short. And when no more buyers show up, it goes back down. I wonder what happens to the stock if she ever has outflows.

  68. Ex says:

    9:09 it’s legal.

  69. Fast Eddie says:

    President Joe Biden warned Tuesday that Saudi Arabia would face “consequences” after OPEC+ last week announced the biggest cut in oil production since the start of the coronavirus pandemic.

    “There’s going to be some consequences for what they’ve done with Russia,” Biden said of Saudi Arabia in an interview with CNN’s Jake Tapper. “I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences.”

    Lol. Where to even begin? Omg.

  70. Phoenix says:

    Joe Biden to Saudi Arabia:

    “You Dun Goofed”

    https://youtu.be/SmR89bFZLdc?t=34

  71. Phoenix says:

    He can fly in Air Force One, the wealthy can hide in their bunkers, and the rest of Americans can drink the last of their bottled water until they run out and die a slow death of radiation poisoning. But make no mistake, Russia will be burnt to a crisp, and America will have won the war.

    Biden says the US has contingencies if Putin uses nuclear weapons, the war ‘COULD end in Armageddon’ and says Russian leader has acted ‘brutally’ after killing civilians with missile strikes

  72. BRT says:

    Maybe the Saudi’s are just trying to meet those climate change goals.

  73. joyce says:

    https://m.youtube.com/watch?v=K-4B3gKXVfA

    Suspect gets out of his car and is non-compliant, verbally aggressive and at one point hits an officer with his car door. For everyone’s safety, they should have cuffed and maybe tazed him to gain compliance. People have been shot for less.

  74. joyce says:

    Bodycam video | Zebulon Police Chief under fire for disrespectful treatment of officers during traffic stop
    https://www.11alive.com/article/news/local/zebulon-police-chief-pulled-over-bodycam-video/85-c2fa1ba2-2e06-4c43-920a-fb28bed560d7

    …The two cities in Pike County shared an emergency radio channel but after the Zebulon Police Chief was pulled over by two Molena officers – he blocked the city from using its frequency…

    Don’t forget, he’s a hero. They all are

  75. Chicago says:

    USD 3M LIBOR breaks through 400

    Jamie Dimon calls a bunch of my floaters. Scummy motherfucker.

  76. Chicago says:

    2Y 432
    10Y 398

  77. Chicago says:

    In­fla­tion-ad­justed Se­ries I sav­ings bonds have been the most en­tic­ing place to park your cash this year—nearly 10% in­ter­est, backed by the U.S. gov­ern­ment, the safest in­vest­ment around. In a few weeks, a lit­tle of the lus­ter will fade.

    I Bonds would likely pay about 6.4% in­ter­est be­gin­ning Nov. 1 if the con­sumer-price in­dex rises as econ­o­mists ex­pect by 0.2% monthly and 8.1% year-over-year. Savers loaded up on I Bonds when the rate leapt to 9.62% in May, the high­est in­ter­est rate since I Bonds were in­tro­duced in 1998. 

    Sep­tember CPI fig­ures, which are used to com­pute the I Bond rate for the six months be­gin­ning in No­vember, are set to be re­leased Thurs­day. Bonds bought from May through the end of Oc­to­ber will earn 9.62% for six months be­fore ad­just­ing to re­flect the new in­fla­tion data.

  78. Fast Eddie says:

    Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics.

    The producer price index, a measure of prices that U.S. businesses get for the goods and services they produce, increased 0.4% for the month, compared with the Dow Jones estimate for a 0.2% gain. On a 12-month basis, PPI rose 8.5%, which was a slight deceleration from the 8.7% in August.

    That regular-sized box of Cheese-Its will be $10 soon.

  79. Grim says:

    Maybe the Saudi’s are just trying to meet those climate change goals.

    Lol

  80. Juice Box says:

    I’ll second that LoL….

  81. Phoenix says:

    Joyce,

    Cop? I thought it was the colonel from Kentucky Fried Chicken.

    But then he got nasty. The colonel is a nice guy.

  82. Libturd says:

    “Maybe the Saudi’s are just trying to meet those climate change goals.”

    If the Iranian’s can build a nuclear power plant for peaceful purpose, then the Saudi’s can certainly go green.

  83. Phoenix says:

    Gonna be fun when Europe realizes that America plans to extort them on LNG prices as they freeze.

    Friends don’t let friends children turn into icicles.

  84. Ex says:

    7:09 yeah, Trump would’ve let Ukraine go to the Russians with no assistance
    from the US. He loves the Saudi’s even after 9/11 and their murder of innocents.

    But WTF is your malfunction????

  85. Ex says:

    9:36 How’s the incel training going?

  86. Libturd says:

    There is no doubt in anyone’s mind that Trump, with his tough talk, would probably have flaunted how the US was the only country to have ever used nukes in warfare.

    “Not only did we use nukes, but we used them twice. We made the largest mushroom cloud ever. You should have seen it. It was like no other mushroom cloud before and trust me. I know nukes and Russia’s are tiny. Ours are huge. Believe me. And the colors, my God you should have seen the colors.”

  87. Phoenix says:

    Ukrainian shrimp on the barbie.

  88. Phoenix says:

    Now this is inflation:

    Pair of Levi’s jeans from the 1880s sell for $87,000

  89. Libturd says:

    And here is your leak on tomorrow’s unconvincing CPI report.

    Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher

    “”Mester said she doesn’t rely solely on government data on inflation because some of it was backward looking. She said supplements her research with talks with business contacts about their price-setting plans and uses some economic models.

    The Fed is also helped by some real-time data, she added.

    “I don’t see the signs I’d like to see on the inflation,” she added,””

    https://finance.yahoo.com/m/b7ac2c03-10a4-39e3-9625-55b3374b0a18/fed%E2%80%99s-mester-says-there%E2%80%99s.html

  90. Phoenix says:

    Biden, and many Americans, brag about how they can turn Russia into a nuclear wasteland.

    So not much different than Trump after all.

    “Not only did we use nukes, but we used them twice. We made the largest mushroom cloud ever. You should have seen it. It was like no other mushroom cloud before and trust me. I know nukes and Russia’s are tiny. Ours are huge. Believe me. And the colors, my God you should have seen the colors.”

  91. Libturd says:

    Ten year approaching 4. She’ll probably drop with the market tomorrow. It’s probably time to put away that Nas 10K and dust off your Nas 9K hat from early 2020.

  92. BidenIsTheGOAT says:

    What have we gotten out of the deep state war in Ukraine? The Bidens got millions, we got inflation, more debt and another refugee flood. Great foreign policy.

  93. Libturd says:

    Phoenix,

    I just got two pair for $60 direct from Levi’s. Girls still wear jeans to school (ripped mainly), but guys aren’t wearing them like they used to. Heck, they were all I wore, unlike my wigger friends who occasionally mixed in parachute pants and capris when they all lost their minds.

  94. BRT says:

    As mentioned, this is what is fabulous about this iteration of Empire. The conquest is the military bases. If you “host” US military bases, or are surrounded by them, the Empire doesn’t need the managerial nightmare of actually occupying you.

  95. PreferApplePie NotPumpkin says:

    Pumpkin look at the super big picture with realism and things are not always as before and may or may not be synchronize because of it. My guess answer is below question.

    Plus Phoenix – Are you sure you are not a ruskie? Do you drink Chernobly energy drinks?

    The Great Pumpkin says:
    October 11, 2022 at 8:07 pm

    Current situation:

    1. Stocks in free fall like a depression is coming

    Because is not a productive economy as much as a speculative economy and it only works if trash is cash. But to be able to keep it trash you can’t have monetary inflation only asset inflation.

    2. $VIX is flat over last 2 weeks like nothing is happening

    VIX is like BitCoin, a betting instrument – controlled by 60% of and for big boys and they don’t like to show their hands.

    3. WTI crude trading like the recession is gone

    On top of the usual worldy events add OPEC+ Smell the end of big oil and they are trying to make as much money asd they can. If you made horseless carriages and whips in 1890 and saw the future 30+ yrs laters – you would raise your prices and milk it before it went poof.

    4. Gold trading like we have deflation

    Gold for all the hoopla is not what it used to be, except for industrial uses and the lunatic crowd that wants to eat it.

    5. Bonds trading like inflation is 20%

    Cash is no longer trash, why have anything else. Add to it Qualitative Tightening and China slowly getting out of US assets like Russia did after the 2007 Putin speech which marked the turning of Russia against the free world. Tough sanctions against high tech chip exports to China were announced yesterday, the eyes are now open to China being a commie dictatorship instead of the drug and greed fantasy that ran our foreign policy with them since Clinton.

  96. Trick says:

    Ha,
    New Zealand plans to tax agricultural emissions — including those related to the burps, urine and dung from livestock like cows and sheep — in a move its government hopes will help the country meet climate change goals.

  97. Hold my beer says:

    How much do you tip a carpet installer for removing the old carpet and recarpeting the stairs?

  98. Very Stable Genius says:

    MAGA’s greatest

    Two kids shot during Nassau County road rage incident, their fathers are charged with attempted murder, sheriff says

    Two children were rushed to the hospital after being shot Saturday on U.S. 1 after their fathers were shooting at each other during a road rage incident.

    Author: Harold Goodridge
    Published: 4:32 PM EDT October 10, 2022
    Updated: 4:32 PM EDT October 10, 2022
    NASSAU COUNTY, Fla. — A 5-year-old girl was shot in the leg and a 14-year-old girl was shot in the back Saturday while riding in separate vehicles on U.S. 1 in Callahan just after 6 p.m.

  99. Fast Eddie says:

    The liberals response to every democrat failure:

    Yeah, but Trump…

    LOL!

  100. Ex says:

    11:13 why is it funny ?

  101. No One says:

    Juice,
    Don’t fall for the glacier clickbait. Here’s what the underlying scientific paper said, which is already likely hyperbolic, since it gives the scientists studying access to more money and resources:
    “it will be possible to gain a better understanding of Thwaites Glacier’s ongoing retreat trajectory and its contributions to sea-level rise, which could threaten coastal communities and ecosystems in the next few human lifetimes.”
    Next few human lifetimes sounds like about 200 years. The clickbait article translates that into “soon” which some interpret as “next 10 years”.
    The taxman, or a rogue hurricane, or outdated home technology will make my FL home uninhabitable for my great, great grandchildren sooner than this glacier will. Only 1 in 100 homes are worth preserving 200 years.
    Did you know that NJ was covered by a glacier as recently as 150,000 years ago? Geologically speaking, that’s very recent

  102. Libturd says:

    Trump’s most likely going to be our next President. Then we will be laughing. Then crying. And the rest of the world will be laughing once again.

  103. Libturd says:

    Pumpkin,

    Is there blood in the streets?

  104. Fast Eddie says:

    The progressive clowns are going to get destroyed in the midterms. They probably set up 3 successive terms of Trump style politics which may very well feature Trump himself in 2024.

    All of this for some self righteous, pointless, meaningless stupidity… lead by a true collection of dolts, stooges and misfits. They all deserve it. Every move the democrat party makes results in a new level of failure previously undiscovered.

    Cry harder losers, we all love feeding on it.

  105. Chicago says:

    How much would you tip a spa worker for a Brazilian?

    Hold my beer says:
    October 12, 2022 at 10:53 am
    How much do you tip a carpet installer for removing the old carpet?

  106. Libturd says:

    I think you are right Gary. Sadly. I’ve been arguing against all of the woke bullsh1t for the past decade too. You see, that’s the low hanging fruit that is best picked under the cover of darkness. You don’t need to make it the primary platform issue to get it done. Especially considering most are in support of these issues and half the states already have laws on their books allowing things such as gender-based rights. But outside of being green, I think the Dems have little to run on. And when the senate majority leader won’t stop trading stocks, well, it might be the lesser of two evils, but the Left voter tends to hold themselves to a higher standard of morality.

    The coming recession will be the last nail in the Dem establishment coffin. I expect them to be left standing around with their appendages in their hands like they did in 2016. The only issue that could save them is abortion rights. We’ll see how willing they are to get out to vote.

    I’ll tell you this though. Never will the voice for a need for a third option will be louder than it will be in 2024. This switching from one POS to another POS every four years is getting old. I’m cool with the anti-establishment message, but there are ways of doing it without being a prick. Not everything has to be a wedge issue. Another four years without compromise only hurts us all in the long run.

  107. Libturd says:

    “How much would you tip a spa worker for a Brazilian?”

    You’re supposed to tip? No wonder they keep giving me a Hitler moustache.

  108. No One says:

    Eddie,
    But John Fetterman is still ahead of Oz in Pennsylvania, despite having actual brain impairment.
    I blame it on the theocrats that have gained power in the Republican party. Back during the primaries when Falwell Jr endorsed and made excuses for Trump in return for the religious wing getting more status, I thought to myself that that’s one of the most disgusting and hypocritical deals in political history. Of course for power the Religious leaders will forgive even the most sinful, just as they have for thousands of years.
    The religious anti-abortion activists could easily get out more opposition votes than the woke school administrators.

  109. Chicago says:

    Everyone was cackling about Bernanke that I didn’t notice this.

    Diamond is awesome. Down to earth great guy. I took a class of his.
    https://www.chicagotribune.com/news/breaking/ct-douglas-diamond-nobel-peace-prize-20221010-z4642jjqyzhtverwfn74gmtwpm-story.html

  110. Libturd says:

    John Lennon was so poignant.

    Imagine there’s no heaven
    It’s easy if you try
    No hell below us
    Above us, only sky

    Imagine all the people
    Livin’ for today
    Ah

    Imagine there’s no countries
    It isn’t hard to do
    Nothing to kill or die for
    And no religion, too

    Imagine all the people
    Livin’ life in peace

  111. Fast Eddie says:

    But John Fetterman is still ahead of Oz in Pennsylvania, despite having actual brain impairment.

    And Cankles was ahead of Trump by double digits the day of the election.

  112. Bystander says:

    Eddie is dreaming at this point. Herschel is absolute joke and neither Palin or Begich dropping in Alaska which just lost to D a month back. You have Trumpie TV idiots all over the country. Women have been registering to vote in droves, places like Kansas, Idaho, Louisiana and even purple states like PA. This will not be ass-kicking he envisions. It will be tight because the crazy religious nut party overplayed their hand. Go read up on all these ‘life at conception’ idiot politicians in R states not walking back their rhetoric.

    Lib,

    He could run. It really comes down to mid-terms but if not Jan 6th then GA interference prosecution is a lay-up. Christie and DeSantis will mutilate him in primaries. He won’t surprise people like 2016…plus he will be old. Funny how cult thinks Joe is old and slow but 78 year insane, person is the answer. Party of dumb.

  113. Fast Eddie says:

    Lib,

    The left is a disease in this country. Everything Gabbard said portrays today’s version of the democrat party. I’m not in love with the RINOs nor do I like the way Trump phrases things but the left hates anything to do with classic American tradition and values. Storytime with transvestite B0b? Abortion on demand at any moment during the pregnancy term? Private debt relief for select groups using tax dollars? Multiple genders? Begging the Saudis for oil? Get the fuck outta here. The dems have lost their minds.

  114. Fast Eddie says:

    Women have been registering to vote in droves…

    18 year old, fat, ugly, borderline lesb1ans who can’t get dates are not going to decide the outcome of these elections. The guy driving a truck in the rain on a Sunday night to earn a few more bucks is going to send some swanky, dickhead democrat back to France to choke on some cheese, among other things.

  115. BRT says:

    New Zealand plans to tax agricultural emissions — including those related to the burps, urine and dung from livestock like cows and sheep — in a move its government hopes will help the country meet climate change goals.

    They destroyed their economy with lockdowns and tourism bans. Now they are going for the kill shot. These people in charge put their own homeland on a suicide mission with a straight face.

  116. Juice Box says:

    NoOne – Don’t ruin the doom porn. The latest research says the ice will in as little as 5 years start sliding much faster into the ocean causing the sea level to rise continuously.

    https://agu.confex.com/agu/fm21/meetingapp.cgi/Paper/978762

  117. Bystander says:

    Sorry to break news, Ed. Racism, the disabled, abortions, druggies, gays, divorced families, sexual abuse, abandoned children, trans were all there in the 50s. American society just suppressed them or threw them somewhere. Thank god the Ds have created open dialogue and support for people in this society. My autistic son would have been thrown in shock-treatment facility in your classical America. Quite honestly, go f this fantasy Classical America. It never existed.

  118. Ex says:

    It’s true Bystander. All of It.

  119. Ex says:

    What I find so terrifying is that illiterate imbeciles and religious zealots are calling the shots. I don’t want to live in a theocracy. Thanks.

    Religion, sexual preference, and person identity are all PERSONAL. Not fodder for the press or politicians to divide Americans.

    A divided Country is weak Country. Russia Loves it! Believe me.

  120. Juice Box says:

    I have a cousin that lives in New Zealand. He was born and raised in the Bronx, left to go live there after he met his wife who is from there. He is a huge Jacinda Arden and Labour Party fan on Facebook they can do no wrong according to him even this taxing of the cow farts. Place has a small population only 5 million, all that ocean there is a like a giant moat, you are not getting there easily and overstaying a visa etc, they will kick you out, there is no catch and release while you wait for a court date as far as I know. Australia is the same too but worse the even ship illegal immigrants off the continent to apua New Guinea and the tiny island nation of Nauru which is only 8 square miles to wait for your processing of your asylum claim. My understanding is most are sent back.

  121. Bystander says:

    The abortion rights supporters are mothers in their 30s, 40s, 50s that either terminated pregnancy at 17 or 18 or supported a friend at abortion clinic. You are clueless. The guy driving a truck is making loads of money, better than white collars who compete with India labor over a computer. If he has confederate flag and/or Trump flag on his truck then no hope for that guy to begin with.

  122. Bill Beutel says:

    Eddie,

    This is what made Geraldo famous, before all that 80’s coke got to him.

    Is that you at 3:58 after a bender typing away here? the next scene has pumpkin after a day of teaching kids.

    https://youtu.be/qzNFRn5TTtc

  123. crushednjmillenial says:

    Midterms . . .

    The midterms were mentioned above.

    Current partisan mix of the House:
    220 D’s
    212 R’s
    3 vacant

    So, the R’s need to gain only 5 net seats (heck, let’s even say 6 by assuming all the vacancies are in the D column). If the R’s only gain 10 net seats, that would be a disastrous showing for them. 10-29 is so-so. 30 is a red wave. 40 is Joe Biden should fire half his advisors. [note: the only toss-up here in NJ is the Malinowski v. Kean matchup in the 7th – should be a good bellweather for how the night will go for each party].

    The Senate’s key four tight races are PA, GA, NV, and AZ. If R’s win one of these, then we have a 50-50 senate [and, VP Harris is the deciding vote]. If R’s win two, then the R’s have 51.

    These four Senate toss-up matchups are:

    PA (Fettrman v. Oz)
    GA (Warnock v. Walker)
    NV (Cortez-Masto v. Laxalt)
    AZ (Kelly v. Masters)

    While I would bet 10% of my net worth on the R’s taking the house (at the current pay $4 to win $5 odds that I see posted on predictit), the Senate is tougher. I’m thinking the R’s get 51, but I wouldn’t be shocked if they actually get 52. Personally, I’d probably bet on the R in each of these Senate toss-ups, but I’d only put nominal money on it. If the political winds blow a little differently in the next four weeks, the D’s could take all 4 toss-up seats, though, and then the D’s have 51 and will have totally killed the notion of an anti-Biden backlash. If the D’s take all four, then Trump is the political donkey of 2022, because all 4 toss-up R candidates are MAGA-wing of the R party people.

    Still, the house, that is a snowball’s chance in Phoenix. It’s just a question of magnitude.

  124. Bystander says:

    “And Cankles was ahead of Trump by double digits the day of the election.”

    ..and Trump said to stop counting votes in the middle of the night because he won…hah

  125. leftwing says:

    “…And when the [House] majority leader won’t stop trading stocks, well, it might be the lesser of two evils, but the Left voter tends to hold themselves to a higher standard of morality.”

    LOLOLOLOLOLOL!

    LOLOLOL!

    RFLMAOLOLOLOLOL!!!

    The Left are leeches…stealing others’ productivity while falsely draping themselves in virtue…thank goodness for the internet for exposing much of what they were able to suppress…notwithstanding their ongoing censorship of those outlets.

    Lying, thieving, non-productive leeches. No morals whatsoever.

  126. The Great Pumpkin says:

    Normally when funds are losing a lot of money, like Cathie Wood’s funds or Tiger Global, it’s like fine, whatever, you took too much risk. I’m not sure what investment approach UK pension funds were supposed to take to avoid this outcome.

  127. Phoenix says:

    Are you sure you are not a ruskie? Do you drink Chernobly energy drinks?

    Not wanting to back or corner an animal with access to nuclear weapons doesn’t make me a Ruskie. Especially one that has the ability to attack the continental USA.

  128. Bystander says:

    Bill B,

    Yep, all my exes siblings went to CSI and I heard of the history. Beyond disgusting. Thankfully the party that gives a sh*t, other than lining “producers” pockets, get things done.

  129. leftwing says:

    Heard a Fetterman interview…frightening. The guy is seriously impaired, and he only agreed to an interview if closed captioning were allowed…

    As a human, and one with a history of family cardiac issues and with empathy, I feel for him and wish him well in his recovery. But on a practical level…

    “In the interview, aired Tuesday night, Fetterman required the use of closed captioning. The Democrat is “still suffering from auditory processing issues, which means he has a hard time understanding what he’s hearing,” NBC News reporter Dasha Burns said.

    NBC News agreed to the use of closed captioning technology during the interview, where a screen transcribed Burns’ questions.

    “I sometimes will hear things in a way that’s not perfectly clear. So I use captioning so I’m able to see what you’re saying on the captioning,” Fetterman said.

  130. leftwing says:

    “Midterms . . .”

    Fucking Dobbs…couldn’t have waited?

    Would have been H + S layup without….

  131. Phoenix says:

    So Fetterman can read, understand, and process correctly, but not hear correctly.

    That’s workable. It’s like he has a hearing deficit.

  132. No One says:

    Phoenix and Tulsi Gabbard sittin in a tree, kay eye ess ess eye en gee.

    If you don’t want to get bombed by nukes, don’t act like a little cuck who is scared of someone’s nukes. Unless you want to get cucked by Putin (or Xi) and told what to do by them for the rest of history.

    Watching her and Tucker C talk last night about how the US should back away from anyone with a nuke was rather sad. As if Neocons and the “military industrial complex” were really calling all the shots in foreign policy. Libs hate Russia now because they had to blame Hillary losing on somebody. But when Ronald Reagan accurately called the USSR an “evil empire” they hated him, and loved the Ruskis, said we needed more and more cultural exchange and peace-ins with them.
    Not that I want expansionist foreign policy, but if you’ve got your own big sticks, you’ve also got to draw some lines somewhere.

  133. Libturd says:

    Letftwing,

    Not sure why you find that funny. I know plenty of people on the left who are sick of the establishment and won’t vote for it like me. Of course, they have their pull the lever for anything with a pulse like the wonks here too. But looking at those rallies and the MAGA candidates it attracts, if you haven’t been arrested for drunk driving, child porn, shoplifting or petty tax evasion. You don’t qualify.

  134. Ex says:

    Russia had been an ally in the second world war, but their’s and ours was an existential crisis. Today they are a murderous parasite.

  135. leftwing says:

    Lib, my two cents…

    “Stocks in free fall like a depression is coming…Because is not a productive economy as much as a speculative economy…”

    Basically a bear market. They happen, regularly. Down 25% from ATH. Hardly near ‘Depression’ levels. Frankly, the huge outlier is given how high it went on the back of free money it should be down even more as that spigot is turned off, before any regard to the real economy.

    “$VIX is flat over last 2 weeks like nothing is happening…VIX is like BitCoin, a betting instrument…”

    Meh, the characterization of VIX as a gambling instrument is entirely wrong. Regardless, VIX is actually elevated for a historically long time, not cheap…whatever fool made the first statement needs to pull up a 20 year weekly VIX chart…

    “WTI crude trading like the recession is gone…On top of the usual worldy events add OPEC+…”

    WTI is trading as if it isn’t going away because of the green revolution. There is a baseline level of demand, even in a recession.

    Gold…who cares.

    “Bonds trading like inflation is 20%…”

    This statement literally makes no sense…

  136. leftwing says:

    “Not sure why you find that funny.”

    The Left voter holds themselves to a higher level of morality…

    You know I respect you and your analytical and reasoning abilities particularly given your background…as such, it always perplexed me how you could align with the Left…I guess one is able to accept the generationally failing policies and social experimentation by wrapping themselves in a blanket of false moral superiority…

    You seriously don’t see anything wrong with your statement? I was being generous by LOL’ing it….

  137. Libturd says:

    No One. Couldn’t agree more. When it comes to nukes, the best policy is to act like you are willing to use them and be sane enough not too. Anyone remember the Cuban Missile crisis?

    I’m the most anti-war person you will ever find. But I know Hiroshima and Nagasaki still scares the shit out every government leader. I still can’t believe we did it. 200,000 innocent civilians who probably wanted the war over as much as we did, half dead of burns and the rest mostly crushed by falling buildings. And those that survived endured shortened and incredibly painful lives due to the radiation poisoning.

    It’s one thing to threaten to use nukes. It takes a really good excuse to actually use them in a defensive manner. For offense? There simply is no use.

  138. No One says:

    Ex – Russia has been a mostly murderous parasite since 1917. Given its century of horrors, anyone who just started getting upset about Russia in 2016 is either profoundly ignorant or profoundly evil, though I wouldn’t rule out both.

  139. Phoenix says:

    Afraid of someone’s nukes? No, I don’t fear death. Nor your silly fourth grade insults. I have seen death close up plenty of times, pre and post Covid. Tied enough toe tags to last me a lifetime.

    More than a no one.

    Today they are a murderous parasite.-well you just might find out the hard way.

  140. Phoenix says:

    For offense? There simply is no use.

    Sure there is. The day you have, or “perceive,” that you have been pushed to far.

    It’s all about perception, right??

  141. Libturd says:

    The voter, not the politician. I don’t think you are making the distinction.

    Anyone who is against gay marriage has no morality whatsoever. Anyone who supports a complete ban on abortion has no morality. Anyone who believes Jesus rose from the grave and forgives you for your sins not only has no morality, but is also to shallow in mind to realize it. Though, I respect the rights of individuals to practice their faith, ON THEMSELVES!

    And yes, the treatment of minorities and the immoral and unethical behavior among nearly all politicians of all kinds is abhorrent. But this was not what I was referring to.

    You may choose to disagree. I have no issue with that. I am willing to admit when my shit stinks. Always have and always will. Remember, I voted for NOTA. Nearly always do.

    I will never pull the lever for a crook.

  142. No One says:

    Libturd,
    I agree with almost everything you say, except not believing we would use them in WW2.
    The Japanese started their war on the US, they had dug in deep, they weren’t quitting, they were killing US soldiers, seemingly willing to endure huge casualties of their own to do so. No President wanted to fill up our own graveyards fighting that way. Nukes basically ripped off the heads of their leaders and shit down their throats right in front of the whole population, and absolutely stunned them into a reversal. Most importantly, we demanded an absolute surrender, we installed a new government run by our own general, and absolutely converted the country in a few years from a death cult into a reasonably civilized country. Absolutely politically incorrect, absolutely effective.

  143. Mugsy Baloney says:

    Where are all of you No Nukes fans? Face it, if it was Trump and not the dementia-patient-in-chief with his finger on the button you’d all be screaming for peace in our time. Heck, if Joe was a Repub you’d be screaming, it is only because he has a big blue D after his name that makes it ok. Here’s another glass of Kool-Aid, enjoy it before the big one falls on you.

  144. joyce says:

    https://www.nj.com/news/2022/10/clark-whistleblower-threatens-to-sue-to-township-as-racism-probe-stretches-into-third-year.html

    Three years later, investigation still ongoing; they’re about to finally meet with a key person later this week for the first time… “at a cost to local taxpayers that has reached about $1 million and counting.”

  145. leftwing says:

    “The voter, not the politician. I don’t think you are making the distinction.”

    I fully understand what you are saying…do you?

    Aren’t your statements about others’ morals not themselves morally reprehensible?

    In the same way no one should have a ‘right’ to judge, for example, your religious beliefs (or lack thereof) what gives the Left voter the ‘right’ to do that to others? Or makes them ‘morally superior’?

    Liberal hubris and self righteousness are blinding lights…like staring into the sun….

  146. Libturd says:

    Phoenix,

    Though not confirmed due to due obvious roadblocks, only the US and France put the authority of launching a nuke in the hands of a single person. Even China (most likely) and Russia require multiple leaders to agree prior to a launch.

    The more you study America, the more you realize the imperialists we are. When you travel internationally and spend a good amount of time drinking with locals (my favorite pass time) you learn to tell people you are from Canada.

  147. Phoenix says:

    The Japanese started their war on the US

    Because the Americans, as they have since WW2, strangled them economically like they continue to do to others to this day. Manipulate using sanctions.

    History is not forgotten. NK would be a flaming pile of ash if it did not have nukes of it’s own. It’s America’s fear of being nuked that keeps them from launching the ones it has-cause now it knows any day it’s payback time.

    You want to be the ethical and moral guidance of the world, you have to act like one, lest you be looked at like a thug.

  148. Libturd says:

    I did not say they are morally superior. I said they judge their politicians more critically than the right does. I know this sounds laughable to you. Voters on the Left did not try to invade the Capitol Building when HRC lost to nullify the results.

    Still glad it’s not personal. How rare is it today to disagree with someone and not immediately be called a name.

    We may need to agree to disagree here.

  149. No One says:

    Here is a fairly long but quite insightful analysis of Japan’s situation before, during, and after WW2. Read it and you might that getting bombed followed by unconditional surrender to the US was the best thing that happened to Japan last century.
    https://theobjectivestandard.com/2007/11/american-victory-over-japan-1945/

  150. Libturd says:

    Aren’t your statements about others’ morals not themselves morally reprehensible? I’m sure they are. Especially in a society that prefers to live in oblivion. Tell me I’m morally inferior and my beliefs are cockamamie. Not only can I live with it, but I will respect you more for it.

    For what it’s worth, I respect greatly the truly pious. I also know of very few.

  151. Libturd says:

    NoOne. Will read it. Thanks.

  152. Phoenix says:

    The U.S. government controlled access to the bomb sites. The War Department quietly asked American news outlets to limit information about nuclear aspects of the attacks.

    “When reports of widespread suffering from radiation began to emerge from international journalists and Japanese officials, the American government downplayed it all as propaganda. One general even told Congress that dying from radiation was, in fact, “a very pleasant way to die.”

    “We went inside the building,” Do-oh remembered. “I was told to put on a white hospital gown. There was not much of an interview—I think they just looked at my injuries and took photographs of them. There were foreign doctors there, too.” Do-oh had thought she would be given medical treatment—at least to help with her pain—but ABCC staff provided no treatment and no emotional support. “I went home hugely disappointed,” she explained. “As a young girl, I had been seen naked from the waist up and had taken the black cloth off my head in front of men. I felt something like rage.”

  153. Ex says:

    2:01 My great grandfather was conscripted 3 times into the Czar’s army. Just peasant at time, they come into the villages and round up the men. Nothing changes I see.

    He came though Ellis Island at the turn of the century (1900) and never looked back.

  154. Libturd says:

    On another topic, anyone use “Public” Stock Brokerage? They have an excellent intro offer I plan to take advantage of. Just another place to park my cash and earn >4% for 6 months with no risk (they are SIPC insured) and you can opt-out of allowing your shares to be borrowed.

    With the home sale, I have a lot of cash to spread among various entities for security and to fight against this inflation.

  155. Ex says:

    Adelson, the widow of the late Las Vegas casino mogul Sheldon Adelson, has spoken to an array of potential candidates over the last year and has relayed that she will be sitting out the primary, regardless of who is seeking the nomination.

    Prospective candidates have eagerly sought out meetings with the 76-year-old, Israeli-born Adelson, whose net worth, according to Forbes, is more than $26 billion. The list of possible contenders who’ve spoken with Adelson includes Trump, Florida Gov. Ron DeSantis, former U.N. Ambassador Nikki Haley, former Vice President Mike Pence, former Secretary of State Mike Pompeo, Florida Sen. Rick Scott and Arkansas Gov. Asa Hutchinson.

  156. Libturd says:

    Ex,

    My great grandmother too. Parent’s died on the trip. Escaped the pogroms in the Ukraine (of all places). I am in such a strange place with this war. One side of me wants to route for the Ukraine. The other side could give two sh1ts. At least I know where Russia is coming from, though I don’t agree with it. I know a good amount of relatively recent Russian immigrants. They suffer from a different, but similar dilemma. They hated their government, but have an absurd tendency to believe they are superior to their peers in nearly every way and value some pretty inane things. Well there goes my judging others again. :P

  157. Libturd says:

    Any guesses on tomorrow’s big inflation report?

    Betting on the VIX again Leftwing?

  158. leftwing says:

    “the Left voter tends to hold themselves to a higher standard of morality.”

    “I did not say they are morally superior. I said they judge their politicians more critically than the right does.”

    Not going to parse words with you…

    “I know this sounds laughable to you. Voters on the Left did not try to invade the Capitol Building when HRC lost to nullify the results.”

    Back to one of the original points, which is that morality, like religion, is in the eye of the beholder. You see 1/6 as immoral, I see protest as a moral obligation. Neither one of us believes in Sky Daddy…You believe the fruits of my labor belong to others, I find that morally reprehensible…

    “Tell me I’m morally inferior and my beliefs are cockamamie. Not only can I live with it, but I will respect you more for it.”

    No, as above, your morals are your morals. Not mine. And not mine to judge.

  159. Libturd says:

    You can judge. I find it healthy. :P I have the thickest of skins. And a bit of blubber underneath it too.

  160. Ex says:

    “Religion” seems to have little to do with actions these days. People are purely in it for themselves. They want to tear down others. It’s sad.

    I find no correlation between being a good person and being religious.

  161. 3b says:

    Lib: Tomorrow s number will be on the bad side I believe. I think the Fed has been hinting at that. Unbelievable to me, that some people are hyperventilating at a 4 to 5 percent FFR, and 7 percent mortgage rates. To me it shows how it was all a massive bubble, and structurally our economy is weak.

  162. 3b says:

    Lib: I wonder if things would have been different had we engaged Russia after the fall of the Soviet Union, rather than expand NATO right up to their door step. I also feel Ukraine is pushing it if they try to retake Crimea, and in that scenario I could see Putin using nukes.

  163. 3b says:

    I met Sheldon Adelson years ago, smart, smart man, and definitely salt of the earth.

  164. 3b says:

    From my own experience I see many on the left who believe they are intellectually superior, and they have complete disdain for the white working class , high school grad. I find there are many on the left who are just as stupid and ignorant, and will believe anything just like so many on the right do

  165. Libturd says:

    3b,

    I knew that 0% FFR was a once in a lifetime opportunity. Was the primary reason I went 70% Large Cap Growth and 30% SPX for such an amazingly wealth growing stretch. Wish I trusted my intuition and went 100% Large Cap, but I know better.

    A few years ago, I posted an article here about the largest looming issue on Wall Street was that too few of those working in the industry had experienced a real bear market. I suppose same holds true for 7% interest. I guess 25 years is a very long time. Especially when kids today are not educated in finance. I think I paid 6% for my three-year car loan in 1995. Remember comparing lease rates and borrowing rates and seeing how many more years of paying for the lease, it would have taken for you to have owned the car to see which made more sense. I remember the break evens were always between 5 and 6 years. Quite a penalty for always wanting to drive a newer car. Today, kids don’t buy regardless of the breakeven.

    I’m waiting patiently for the new Tellurides to lower the prices (hopefully) of the older ones. My Mazda 6 got jumped by a dear a few nights ago. Was headed out to Shan Shan to get noodles and one jumped right into the side of my car. Went to my miracle worker in Bloomfield. $2000 cash and she’ll look like new.

  166. 3b says:

    No One: Lenin and the Bolsheviks and then Stalin, murdered millions of their own, supposedly to create a workers paradise, where all would be equal, accept the elites. We have some today on the far left who advocate for a similar paradise, where all will be equal ,except those they deem to be the historical oppressor. And, of course not then they will be the new elites and will live in comfort and luxury, and no dissent will be tolerated, then they will turn on themselves at some point. Far fetched on my part? I don’t think so . History has shown us over and over again.

  167. Libturd says:

    3b,

    I am not denying there are plenty who feel they are morally superior, mainly due to the nature of Academia (especially colleges) to swing Left. But where my opinion comes from is the Lefts willingness to simply not go to the polls. I think when their shit stinks, Cankles for example) they stay home as they are not willing to pull the lever for damaged goods. Biden might be old, but he was never disliked. Heck HRC would have beaten Trump in 2000. Trump owns that result and drove the Dems to the polls. On the right, I find they will go regardless of who is running. Just my perception. Whoever gets the nomination gets fully backed by nearly all Republican voters. On the Left, if their candidate loses the primary, they will often stay home. Just not the same on the right.

  168. 3b says:

    Lib: You are too smart to get slaughtered like a pig. I have been saying the same thing regarding Wall Street, anyone entering the industry in the last 10 years ( not counting this one) , has seen smooth sailing, and almost no risk. I guess you are right, over 20 years since 7 percent mortgages, is ancient history in some respects. But I remember clearly when people were thrilled to get a rate like that. Again, I say though if we can’t handle a 4 to 5 percent FFR, then we are totally screwed!! I love the older model tellurides , keeping an eye out on those too, as well as Lexus RX 350 , coming off 2 to 3 year leases.

  169. Libturd says:

    3b,

    I don’t see that as the Left’s position. I do see the continued mishandling of minorities and immigrants to enlarge their voter roles. But a lot of the woke stuff is a necessity. We should not have regulate the approval of one’s gender identity. But it has become a wedge issue and the Right does not believe in “Live and let Live.” They are imposing their RELIGIOUS beliefs on all while claiming mandates are unfair. It just does not add up. Who the fuck cares if two gay people want to adopt a kid. Get with the times already. This is where my viewpoint comes from. Wish it wasn’t a wedge issue.

    No one on either side of the spectrum wants abortion to be used as birth control. But there could be a compromise. But how can there be any after all of the lies from both sides. Even from the Supreme Court Justices. A fair compromise is obvious. No late term unless the health of the mother or unborn is in danger. But we all know that neither side can be trusted since we have let our leaders on both sides lie with immunity. So the extremes it is and it it will continue to harm both sides. It’s a real shame and it’s why I think a third party in the middle would be so attractive. It would be nice if federal laws reflected the desires of the federation.

  170. Libturd says:

    Yeah, may wait for the lease and repos. Glad they are so damn expensive (now). They’ll be cheaper later for those paying cash.

    Hey, are you all noticing more and more people taking cash to stay off the books? It’s going to be a real problem in the future.

  171. Bystander says:

    Final Jan 6th hearing will be held Thursday at 1 p.m. ET. Nothing more arrogant than putting forward 20024 “candidate” even after R electorates, the Trump family, his AG, his close advisors all call him a crazy BS liar and dangerous for our country. Talk about own shit piled high.

  172. No One says:

    From the link I supplied earlier, re the Japanese bombs:
    “The postwar world was surely on Truman’s mind at Potsdam in July 1945; he would have been short-sighted indeed were it not. But the evidence overwhelmingly shows that his main goal was to avoid the horrendous casualties that would have resulted from a land invasion of Japan. Americans knew that 76,000 Japanese soldiers on Okinawa had killed or wounded 70,000 Americans.108 To avoid such carnage on a vastly greater scale was Truman’s primary concern.

    But did American leaders have knowledge of other options that would have eliminated the need for killing thousands at Hiroshima and Nagasaki? For instance, should the Americans have blockaded Japan and waited for surrender? Undoubtedly a blockade would have worked eventually—perhaps four months later, in December. Would that have been reason to forgo use of the bombs?

    First off, ten thousand American POWs would likely have died in those four months, worked to death while starving in subhuman prison camps. These captured Americans had not started World War II; they did not deserve to suffer and die. There is no rational moral basis for saving the lives of a suicidal people by sacrificing Americans. Saving the lives of those American soldiers in and of itself was sufficient reason to use the bombs.

    But there is more. Hundreds of thousands of people were dying every month in the Asian war started by the Japanese. A four-month delay could have cost more than a million Asian lives. As Richard Frank put it, the Japanese civilians at Hiroshima and Nagasaki

    held no stronger right not to be slaughtered than did the vast numbers of Chinese and other Asian noncombatants, the Japanese noncombatants in Soviet captivity in Asia, or the Japanese noncombatants (not to mention Allied prisoners of war and civilian internees) who would have perished of starvation and disease in the final agony of the blockade.109

    And a four-month blockade could have cost the lives of one or two million Japanese. The Japanese were already living below sustenance levels—a famine would have killed far more than did the bombs. (The U.S. Army Air Force planned to drop up to one hundred thousand tons of conventional bombs every month on Japan—the explosive equivalent, over four months, of more than twenty Hiroshima bombs.) Had the Americans wished to commit genocide, a blockade would have been the most effective way to do so. But such a slow squeeze would also have given the Japanese government time to react, to adjust its policies, and to put down what little domestic opposition might have dared come into the open.

    All told, the cost of a four-month delay in ending the war could have reached three million lives—including thousands of Americans.

    There is more. With four additional months to position their troops, the Soviets would have taken control of some northern islands—Sakhalin Island for certain, probably Hokkaido, and perhaps northern Honshu. Japan might have been divided, and two generations of northern Japanese forced to live under the Soviets. The bombs likely prevented the Soviet enslavement of twenty million Japanese.

    Weeping over the dead in Hiroshima and Nagasaki while neglecting those who would have died had the war continued is not an act of compassion. It is an act of evasion.”

  173. 3b says:

    Lib: I don’t dispute that, as for Biden being liked, I don’t know, because he was VP perhaps, but no record to stand on, and he was a liar from all the way back to his failed Presidential campaign back in the 80s where he had to withdraw because of his lies, he is still lying, but now we are supposed to believe it’s part of his folksy nature. As for Hillary she was despised by many, and why the old fogies in the Democratic Party selected her I just don’t know. As for the Republicans, they need to unequivocally renounce Trump, once and for all, and start fresh. I voted for Obama first time around, bought the whole hope and change crap in spite of my misgiving on him having no record and never having a real job. I gave Romney a shot, but the left vilified him, and his religion as well. I was not all that enthusiastic, about him, but thought he was competent and had a track record in both business and government. I have not voted since in any election, and unless some radically changes I won’t. They all blow, we can debate who blows more, but in the end they all blow!

  174. Very Stable Genius says:

    The redder the poorer.

    According to the U.S. Census Bureau,
    these states have the highest percentages of poverty in the country:

    Mississippi,
    Louisiana,
    New Mexico,
    Arkansas,
    West Virginia,
    Alabama,
    Kentucky,
    South Carolina, and
    Oklahoma.

  175. Libturd says:

    I did not say I was against the bombings, in case that was you perceived. I am well aware of why it was done and the lives it saved on both sides. Again, it was for defensive purpose. The Russian’s couldn’t use them in a defensive manner in the Ukraine. Only as an offensive threat. They were not attacked. We were. And the Ukraine was.

  176. Ex says:

    Hilary stepped up and ran instead of Biden who was grief stricken at the time.

  177. 3b says:

    Lib: Not to get into a long discussion, but the Woke thing is getting absurd at this point, and reasonable people on both sides, those in the middle are tired of hearing it. I am not saying there is not more work to be done, but this narrative that the USA is the worst is a bunch of nonsense. Guess it’s my immigrant roots kicking in.

  178. Ex says:

    3:42 yeah, but hE oWns tHe LiBs

    I see the poorer parts of the Country as disgruntled as they watch talent
    and youth leave their towns.

  179. Very Stable Genius says:

    Breaking News:

    Alex Jones must pay nearly $1 billion for spreading and profiting from lies about the Sandy Hook massacre, a Connecticut jury said.

  180. Ex says:

    4:04 America is teetering on the brink.

  181. BRT says:

    Exactly what I was talking about yesterday. PACB pumped up 13% on a single day, and there’s only one person buying like a crack addict.

  182. Juice Box says:

    3B – re: lies.

    Who did he just pardon? It’s for federal charges of “simple” marijuana possession. There is no real federal law for simple possession only the DC code for it, as in District of Columbia. Less than 2 ounces in Washington DC. Because there is no governor of Washington, D.C., both state and federal crimes committed in the District can be addressed through a presidential pardon.

    That it…somewhere the news reported 6,500 people. Read it here the White House press statement. There was no sweeping pardon of anyone for marijuana possession. It’s all to get votes and that’s it.

    https://www.whitehouse.gov/briefing-room/presidential-actions/2022/10/06/granting-pardon-for-the-offense-of-simple-possession-of-marijuana/

  183. Bystander says:

    VST,

    Sweet justice…and the right remains quite all of a sudden. You listened to idiot for years, put InfoWar stickers on cars and even voted for Orange dingus who validated the guy by going on his demented show. The GOP should replace elephant with dark black hole as its symbol.

  184. Fast Eddie says:

    Bystander,

    There are pluses and minuses of America of 50 of 60 years ago vs. today. We had accountability, responsibility, a sense of obligation as opposed to a sense of entitlement today. We had strength and resolve; now we have anger and resentment. I feel deeply for you that your child requires support associated with autism. I can’t imagine the effort it takes on a daily basis. I’d like to think your kid is getting the very best care and I’m sure it’s light years better today as opposed to decades ago as you’ve alluded. But yes, I hope for the return of those characteristics of a classic America because the progressives have been methodically destroying it to justify their weaknesses, insecurities and failures and need to be stopped.

  185. Fast Eddie says:

    The redder the poorer.

    You need to pay more of your fair share.

  186. Ex says:

    5:23 ur talking out of your ass.

  187. crushednjmillenial says:

    “Live and let live” was the politics of, for example, gay rights wayyyy back in like 2010. Around when Obama, for example, was still not pro-gay marriage (it was 2012 when he first supported gay marriage). The question on gay people adopting a kid is, similarly, not the cutting edge of today’s politics.

    Today, from the right’s perspective, the media and others are putting forward a far-left version of LGBT and minority rights that is being received as hostile, wrongheaded and extreme:

    -sex ed, including homosexual sex, for too young schoolchildren,
    -trans counseling by school staff without parental notification,
    -the left shrugging at 2020’s burning and looting due to racial generational trauma or whatever,
    -CRT-inspired curriculum in public schools,
    -SJW far-left DA’s with their criminal justice policies
    -extreme feminism
    -“words are violence” and the censorship of right perspectives on youtube, twitter, etc

    The left that was – of the civil rights movement, first wave feminism and traditional gay rights movements sought equality. Frankly, today’s versions of this stuff just wants . . . well, to tear down the “white male” aspects of society.

    In 30 days, we get to see how many Americans feel like woke is a joke versus how many Americans realistically think that today, in 2022, we still haven’t climbed to the top of the mountaintop with MLK and seen a nearby future as a society wherein one’s race, religion, color, and sexual orientation is not realistically detrimental to one’s living a dignified life in the USA.

    In response to Lib writing above:
    ” But a lot of the woke stuff is a necessity. We should not have regulate the approval of one’s gender identity. But it has become a wedge issue and the Right does not believe in “Live and let Live.” They are imposing their RELIGIOUS beliefs on all while claiming mandates are unfair. It just does not add up. Who the fuck cares if two gay people want to adopt a kid. Get with the times already. This is where my viewpoint comes from. Wish it wasn’t a wedge issue.”

  188. crushednjmillenial says:

    Wow, just saw a stat in an article that 17,000 Indian nationals have been contacted at the southern border in the last year.

    Still waiting for much bigger numbers given the way things are at the border. If one is living in a tough situation, seeing the USA with gold-plated streets in Hollywood movies and could afford a plane ticket to Mexico . . . I mean, there’s billions of people in the world who do it.

  189. chicagofinance says:

    https://www.reddit.com/r/OldSchoolCool/comments/9kyoyo/john_yoko_waiting_for_the_maid_to_make_the_bed_so/

    Libturd says:
    October 12, 2022 at 12:05 pm
    John Lennon was so poignant.

    Imagine there’s no heaven
    It’s easy if you try
    No hell below us
    Above us, only sky

    Imagine all the people
    Livin’ for today
    Ah

    Imagine there’s no countries
    It isn’t hard to do
    Nothing to kill or die for
    And no religion, too

    Imagine all the people
    Livin’ life in peace

  190. chicagofinance says:

    The VIX is an observed piece of data. It is like saying a NFL game is like BitCoin….. the fuck it’s not…… if people want to bet, that is their problem…..

    leftwing says:
    October 12, 2022 at 1:50 pm
    “$VIX is flat over last 2 weeks like nothing is happening…VIX is like BitCoin, a betting instrument…”

    Meh, the characterization of VIX as a gambling instrument is entirely wrong. Regardless, VIX is actually elevated for a historically long time, not cheap…whatever fool made the first statement needs to pull up a 20 year weekly VIX chart…

  191. chicagofinance says:

    …. also, understand what the VIX is measuring….. it can sit at 32 for a week….. that is VERY VOLATILE…. if you leave the over at 500F and it sits there for 5 hours…. it is fucking hot…

  192. chicagofinance says:

    the problem for any instrument of this style is decay….. when the delta variable is constant, decay will kill you…. but the VIX is measuring something else, you are losing the significance…

  193. Phoenix says:

    Nice post crushed. and no, not sarcastic.

  194. Bystander says:

    I appreciate your sentiment Ed. My son is doing great. He is very high functioning and had best care since he was 18 mos. Being on top of it early helps. That my mother in law is friends with Nina Lovaas helped as well. Her husband was pioneer on applied behavioral analysis and therapy. He wrote the book on modern autism training at UCLA starting in the 60s. What it takes Ed is academia, research and women as highly educated child development specialists and thankless social workers…the mostly D crowd that gets sh&t on by your side. The lower paid, non-producers who don’t day trade but somehow steal from you (not you personally fyi, just the R sentiment). I am not talking about time wasting teachers like Blumpy. If you look around, something is going on with mankind. There are tons of people experiencing autism, developmental delays and numerous brain disorders. I work with 5 people in my US office and 3 of us have kids with autism. One is 10 year old and rips paper all day. The other is non-verbal at 4. I just had lunch with a buddy of mine on Friday. First time in 2.5 years before pandemic. His kid was diagnosed with autism at 3 and now 5. He speaks one word sentences, not potty trained and won’t sleep at night. My bro’s friend has a girl that decided wanted to be a boy at 3 and now 6 and changed her name Dan and dresses as boy. I am sure your side would blame drag queens or something but shit is happening. It is everywhere, all around. Strange stuff. Schools are bursting at seems with special needs. Every day I am thankful that I live in these times as opposed to classical America. We don’t need anymore unwanted kids. I don’t like the straw man racism or crazy SJWs either but I sympathize that it comes from a place of historic repression & pain. Your side wants to go backwards. It is pure insanity.

  195. No One says:

    Lib,
    I didn’t read your comments as against the WW2 nukes. But I was a bit surprised that you were surprised they did it.

    On the other hand, I cannot picture current politicians making those bold decisions.

  196. The Great Pumpkin says:

    A small thesis has emerged that China and Russia can get some clever arrangement going but it always leaves out the customers. Without the customers, all the factory capacity and “hard assets” doesn’t get you very far.

  197. Fabius Maximusa says:

    ” You see 1/6 as immoral, I see protest as a moral obligation.”

    Left, Problem is that it went beyond just a protest. When they went over the barricades and into the building things changed. What is coming out now is that this was not just a protest but a coordinated effort to disrupt the transition of power.

    All these protesters now going to jail, play stupid games, win stupid prizes!

    Did you find some nice frames for those pictures you were putting on your office wall?

  198. The Great Pumpkin says:

    “Historically, it
    takes an average of 10 years for a developed
    economy to return to 2% inflation once the 5%
    threshold is breached.”

  199. Fabius Maximus says:

    Just back from Bergen Community College. Great Campus, Great programs and $149.50 per credit for InCounty resident.

    That’s $4500 for a 30 credit year. My kid can be Bluto for a few years at that price. Not that they would be. The kid is too clean living. He even drives like Ms Daisy!

  200. The Great Pumpkin says:

    Lmao

    “In the future, drinking will be considered as unhealthy as smoking is today” -coder sitting in a desk chair he hasn’t left in 2 years while ordering fast food on Postmates for the 3rd time in one day

  201. Ex says:

    7:22 heavy completely heartfelt.

  202. Fast Eddie says:

    Bystander,

    Thank you for sharing.

  203. The Great Pumpkin says:

    Mental clarity is your greatest asset in a world that is addicted to distraction, shallow information, and avoiding the discomfort that cures uncertainty.

    “I am not talking about time wasting teachers like Blumpy.”

  204. BRT says:

    By, most likely, the simplest explanation is, people having their first kid with the mother in her late 30s. Half the people I know who had their kids in the past 10 years, 1st one was at age 36….some are 39&40.

    Not to be political, but the people I know who lean right, all started popping out kids at age 28 to 31. The liberals 35 to 40, just a casual observation. Then there’s a whole class of people on both sides that miss the deadline and just won’t have em. That’s not a big sample size, so no conclusions can actually be drawn.

  205. Libturd says:

    Bystander,

    My older son is well on his way to becoming an an ABA specialist.

    ABA is absolutely the solution to helping kids with various learning disabilities maximize their potential. I know. We’ve been sending the D to an ABA school to the tune of 130k a year. It’s absolutely incredible what they have been able to do with him. I would have never guessed it was possible.

    My older son has a gift for working with kids with special needs (not just his brother). I affectionately dubbed him the retard-whisperer (he has thick skin too). He grasped ABA and it’s power very easily. It’s what he plans to study in college. I think he realizes both the need for more ABA centers or for the curriculum to be brought to all special needs classrooms. I think he also realizes how lucrative such a move could be. But honestly, it’s the power of ABA to turn students with so many distracting and interrupting behaviors into learning sponges that is the real turn on.

  206. Libturd says:

    Well with the end of abortion in Red States. I expect to see the number of learning disabled kids increase dramatically. Seriously.

  207. The Great Pumpkin says:

    They will move to blue states…the game/cycle never ends.

    Libturd says:
    October 12, 2022 at 9:51 pm
    Well with the end of abortion in Red States. I expect to see the number of learning disabled kids increase dramatically. Seriously.

  208. leftwing says:

    “Betting on the VIX again Leftwing?”

    LOL, no betting Lib…short answer, yes…my single largest position currently. I’d disclose the percent but don’t want to get yelled at by chi :)…UK hurt, taking a week out of the timeline with their fiscal/pension foolishness. VIX moves on uncrtainty…as uncertainty is drained from the market the index comes in…let’s get through CPI today (PPI yesterday though high was a sleeper from market perspective, indicative), bank earnings tomorrow, and hope the Brits don’t blow up sovereign markets tomorrow…

    “I have been saying the same thing regarding Wall Street, anyone entering the industry in the last 10 years ( not counting this one) , has seen smooth sailing, and almost no risk.”

    Too busy to confirm even the simple math but CNBC was saying yesterday if you are under 45 you have never invested with this (more normalized) backdrop…kind of scary if you think about it…

  209. leftwing says:

    “The left…of the civil rights movement, first wave feminism and traditional gay rights movements sought equality…”

    is dead and gone.

  210. leftwing says:

    “The VIX is an observed piece of data. It is like saying a NFL game is like BitCoin….. the fuck it’s not…also, understand what the VIX is measuring….. it can sit at 32 for a week…the problem for any instrument of this style is decay…”

    I’d analogize it to a speedometer…it is simply a calculation of observed action…mph in the case of speed, the prices of near term options for the VIX. Not inherently good or bad, not a bet, as you say just an observation.

    Agree that it sitting in the 30s for an extended period is a sign of high volatility (expected uncertainty). That’s the silliness of statements here that it being static at 32 or so is indicative of ‘nothing happening’. Fundamental misunderstanding of markets there….

    No time decay in futes, just a peg….

    Also, I made the comment you would think me imprudent before seeing your posts lol…high single digits….covered, just in case Putin drops the big one or such….

  211. leftwing says:

    Nice share, ByS…I can appreciate, even with the embedded personal swipe.

    Fabs, yup, prominently framed. Since discussing politics with you is the functional equivalent of voluntarily lying in the middle of 46 I will just (yet again) correct your record…I specifically do not condone violence or the destruction of property….

  212. Juice Box says:

    Lib – ” I expect to see the number of learning disabled kids increase dramatically. Seriously.”

    I fail too see how you come up with that. Women who have abortions tend to be younger a majority are in their 20s and younger. Not to take any side here, or be political. Older parent have a higher risk of their child developing asperger’s, autism, childhood disintegrative disorder and PDD when they have children. Then there is pregnant women who consume alcohol too increases the odds. Yes it runs in families too meaning it’s genetic.

    Again I fail to see the connection here between younger women not getting an abortion and learning disabled kids.

    Anecdotal we have one family member with Asperger’ s, mom was in her late 30s and drank as well as other things from what I know, and it runs in her family. The dad is my cousin and was also in his late 30s…

  213. Chicago says:

    Inflation OUCH

  214. Chicago says:

    2Y 443
    10Y 400

  215. Libturd says:

    Booyah!

    Still sitting pretty in the don’t.

  216. Libturd says:

    Juice,

    Volunteer at a shelter down in Newark. Then you will understand what I’m talking about. They are filled with a mix of dope/fent whores who would sleep with a test tube filled with herpes, AIDs and the Clap, just to get their next fix. And they get pregnant and usually figure out a way to terminate their pregnancies (thank the lord). This is just one example. Believe me, they are not moving to another state. Then there is going to be a whole slew of babies born with medical issues since the decision to terminate might now require a last minute flight of $1,000 half way across the country. Many will be too scared or too poor to make it happen. Their will be a tremendous increase in single teen mothers like you never witnessed before. There will be huge numbers of unwanted fatherless children, like you never witnessed before. The right is really batshit crazy over this one. Every illegal immigrant is a stain on the system, but unwanted drug-addicted zygotes are mandated to be brought to fruition? Bat shit crazy. That’s all there is too it. Almost as insane as requiring women wear burkas and not be educated. But we are against mandates.

  217. Fast Eddie says:

    Where to begin with financial news this morning?

    – The 10 yr. is uncoupled like a dingy in Hurricane Ian
    – Social Security benefits to rise close to 9% in 2023
    – DOW futures going down like.. um… you know. lol.

    Quick, start talking about January 6th!

  218. Juice Box says:

    Lib – Single teen mothers? Numbers tell a different story. They don’t forecast a huge wave of anything of the sort, because of lack of access to abortion.

    Birth control has already cut the rate of teen pregnancy in more than half in the last 20 years, from 41 out of a thousand to 17 out of a thousand and now it is the lowest level in the nearly 80 years because of education and access to birth control.

    https://www.pewresearch.org/fact-tank/2019/08/02/why-is-the-teen-birth-rate-falling/

  219. Libturd says:

    Today will be the worst market day since the subprime debacle. Lefty, you are about to get paid.

  220. Juice Box says:

    Lib – Not to cherry pick your choice of location, but the fact remains that there will always be people making bad decisions about themselves whether the shelter is in Newark NJ or Ramsey NJ. The fact remains education and access to birth control is the best choice to avoiding unwanted pregnancy. It has worked, it’s a massive success and we need to continue to build upon that success. I am not saying there should be no abortion either. I am not in that camp, because I am not part of the hysteria over it left or right.

    BTW there was a better birth control, that is no longer available here in the USA. It was called NORPLANT. Look into how the left destroyed that as an option. Baltimore tried to use in in the 1990s to prevent unwanted teen pregnancies and they got the pants sued off of them because it was claimed to be wacist and eugenics by actually preventing young women on social benefits from becoming accidentally pregnant.

  221. Libturd says:

    I hope that trend continues Juice. We’ll see.

  222. Libturd says:

    I remember Norplant and the lawsuits.

    Wish we could just leave good enough alone. A lot of people are going to suffer immeasurably.

    Contraception is not foolproof. Only abstinence is. Maybe they’ll mandate that next.

    I could have been a father at age 13 myself (already shared that here as I was truly seduced). Then in college, though using protection, it happened again. Then with someone on the pill but taking anti-biotics, yet again. Gonna be a whole lotta unwanted children. You’ll see. Not politicking or fearmongering either.

    Cra

  223. Juice Box says:

    Where is the impeachment hearing? Biden is now using his official powers to interfere with U.S. elections?

    https://abcnews.go.com/Business/wireStory/saudi-arabia-us-sought-month-delay-opec-decision-91425642

  224. Juice Box says:

    Lib – re: get out of the way.. Well the far left are not on your side.

    Judges were once allowed to give women who were already convicted of child abuse and drug use during pregnancy a “choice” between using Norplant or serving jail time. That is no longer an option, the far left would rather have a child abusing drug addict convict be incarcerated again and get pregnant over sensible birth control.

  225. Juice Box says:

    I also remember another impeachment moment. When Obama in the spring of his 2012 election campaign was caught on a hot mic telling Russian President Dmitry Medvedev “after my election I have more flexibility.” This was over strengthening the defense of Europe which we now see was sorely needed.

    Transcript..

    Obama: “On all these issues, but particularly missile defense, this, this can be solved but it’s important for him to give me space.”

    Medvedev: “Yeah, I understand. I understand your message about space. Space for you…”

    Obama: “This is my last election. After my election I have more flexibility.”

    Medvedev: “I understand. I will transmit this information to Vladimir.”

  226. No One says:

    Unwanted pregnancies ruin lives. Only believers in the untrue would force that misery on people, claiming that an embryo, with no human reason or consciousness, takes precedence over the lives of actual living people. But that’s religion for you.
    The silver lining is that the more the religious push this kink they have for preserving protoplasm while putting the living in jail for performing or seeking abortions, the less popular they will become to sane people. Then maybe they can spin off into a theocratic party.

  227. Juice Box says:

    Young people of color are now protesting against AOC and are worried about getting nuked.

    https://twitter.com/JosBtrigga/status/1580364662419312641

  228. SmallGovConservative says:

    No One says:
    October 13, 2022 at 9:47 am
    “…maybe they [anti abortion] can spin off into a theocratic party.”

    Surely there’s got to be a reasonable middle ground between ‘anything goes’ and theocracy. In any case, it’ll be interesting to see if this is a game-change issue in a purple state like PA where the Dems are running a senate candidate that’s actually less mentally fit than Biden. Not that I want to see Frankenstein Futterman win, but I’d love to be a fly on the wall if he and SlowJoe were to ever have a conversation — comedy gold!

  229. Juice Box says:

    Ouch Trump’s Truth Social platform approved and added to Google Play Store.

  230. Juice Box says:

    Lib re: “worst market day”

    For Whom?

    Dow now up 800 points, where is the crash?

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