From CNN:
Canada is banning some foreigners from buying property after home prices surged
Canada in 2023 is closing its doors to foreign investors who want to purchase homes.
A new Canadian law took effect January 1 that essentially bans foreign buyers from buying residential properties as investments for two years. The law was passed because of a spike in Canadian home prices since the start of the pandemic – and some politicians’ beliefs that foreign buyers were responsible by snapping up supply of homes as investments.
“The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,” said the campaign website of Prime Minister Justin Trudeau’s party this past year. “This is leading to a real problem of underused and vacant housing, rampant speculation, and skyrocketing prices. Homes are for people, not investors.”
The law provides exceptions for home purchases by immigrants and permanent residents of Canada who are not citizens.
But the steep rise in home prices in 2020 and 2021 was already reversed in 2022, well before the law took effect. Average home prices in Canada peaked just above $800,000 Canadian in February and have fallen steadily since then, dropping about 13% from that peak, according to the Canadian Real Estate Association.
The Bank of Canada has been raising interest rates, resulting in higher mortgage rates in the country – just like in the United States and other countries that have been hiking rates.
…
CREA also expressed concern that the ban could prompt retaliation by the United States and Mexico to prohibit purchases in those countries by Canadians, especially retirees looking for winter homes away from the Canadian winter.
“Canadians purchase vacation and residential properties in many countries, but particularly in the United States,” said the group.
CREA said Canadians are the largest foreign purchasers of American properties, with more than half of the properties purchased by Canadians in Florida and Arizona.
“These provide Canadians with a place to spend the winter months and are a form of savings for Canadian retirees,” said the group. “If Canada places a ban on Americans owning property in Canada, we should expect them to respond in kind.”
I’m back ……forst
damn you!
How about that Rutgers Basketball game last night?
Can anyone recommend a good HVAC company to perform a furnace tune-up?
More crypto drama
https://www.dailymail.co.uk/news/article-11593381/Cameron-Winklevoss-accuses-crypto-exec-disingenuous-behavior-Gemini-funds-remain-frozen.html#article-11593381
What’s not clear in the Gemini debacle is whether or not they are seeing repayment in full, in advance of the terms previously agreed to. Oh, hey, that billion-dollar loan, just kidding, we want you to pay it all back right now. Silbert tweeted that they are current on all loans outstanding, so either he’s an outright liar or what he said was factually correct. Sorry, but not sure who are the crooks in this scenario, probably all of them. I don’t put it past the twins to have loaned out those funds with durations far exceeding typical withdrawal windows.
Grim
In the crypto realm, how do you tell who’s a true believer from who is a bs artist or a con man or just got lucky and got in before the prices (not value) went way up?
In the crypto realm, how do you tell…
You answered your question at that moment. Crypto is appropriately-named because it is cryptic and confusing. If you ask 100 people what crypto currency is, you’ll get 100 different answers. So, like investments in tulip bulbs, South Sea shipping companies and wall paper that glows in the dark, stay far away.
The University of California is putting $4 billion into a Blackstone Inc. BX 0.07%increase; green up pointing triangle real-estate vehicle aimed at individual investors, providing crucial ballast for a fund that has been beset by a wave of redemptions.
The investment will come in the form of common equity in Blackstone Real Estate Income Trust Inc., known as BREIT, and will be subject to the same fees and terms the vehicle’s other shareholders get, Blackstone executives said. The typical BREIT investor has the option to sell shares monthly, but University of California manager UC Investments will effectively be committing to hold its shares for six years.
As part of the agreement, UC Investments will put its BREIT shares into a strategic venture to which Blackstone will contribute $1 billion of BREIT shares that it already owns. The venture will have an 11.25% hurdle rate, meaning that if BREIT’s net annualized return exceeds that rate, Blackstone will get an extra 5% incentive fee. If the vehicle’s performance falls short of the 11.25% rate, Blackstone will make up the difference.
Your post exemplifies that we are still in the early stages of bitcoin/crypto. When the masses understand, it’s too late…understand this.
The more hate that comes out for it, the more I want to buy it. Been here before many times, not f/ing missing out again.
Buy it….meaning Bitcoin and ETH. Both have a purpose. Just wait to see if it falls more due to macro environment.
Just understand how much work and energy has gone into building this…it’s not going away. It will only become more valuable as time progresses.
Fast Eddie says:
January 3, 2023 at 9:56 am
In the crypto realm, how do you tell…
You answered your question at that moment. Crypto is appropriately-named because it is cryptic and confusing. If you ask 100 people what crypto currency is, you’ll get 100 different answers. So, like investments in tulip bulbs, South Sea shipping companies and wall paper that glows in the dark, stay far away.
“Cryptocurrency is here to stay,” a top Internal Revenue Service law enforcer said, and the tax-collection agency wants to partner with the industry to fight financial crime.
The IRS Criminal Investigation division is bringing on hundreds of new agents a year, including many who will be directed to work on digital assets and cybercrime, said Thomas Fattorusso, the special agent in charge of IRS-CI’s New York field office.
In the alphabet soup of federal law-enforcement agencies, IRS-CI hasn’t attracted as much attention as its counterparts at the Federal Bureau of Investigation or Drug Enforcement Administration. But the 102-year-old law-enforcement arm of the IRS—whose agents are sometimes affectionately referred to as “accountants with guns”—is one of the top U.S. financial crime enforcers, handling cases from money laundering to Russia sanctions. It has also turned its eyes to cryptocurrency as one of several federal agencies trying to grapple with the burgeoning industry.
https://www.wsj.com/articles/irs-sees-crypto-companies-as-potential-crime-fighting-partners-11671656025?mod=lead_feature_below_a_pos1
I mean if a top official in the IRS thinks it’s here to stay and is acting on it….shouldn’t you?
WSJ: How do you view digital assets? Are you willing to work with these companies?
Mr. Fattorusso: We can’t be hostile to the technology. We have to embrace it.
Cryptocurrency is here to stay, as far as I’m concerned. It isn’t going anywhere anytime soon and it’s becoming more legitimate as the years roll on—it becomes more sophisticated. My thought is that those relationships will develop as the years go on and [as] the companies become more comfortable with dealing with the federal government. I don’t see how we can operate in this space without it.
I fooled around on Gemini with small amounts of money on their “earn” option to investigate how these things were working. At the time, they were offering upwards of 7% interest on various things so I staked a couple hundred on each crappy coin to investigate. They advertised that you could cash out anytime. What I found is that when they popped up in price, if I tried to cash out, they took days to complete the transaction and you missed the boat on selling. I had this happen on 3 occasions. At that point, I reasoned, the scam is, they get you to buy up the coins, “stake” them, which pumps up their price, they unload, you are left holding the bag at least for a few days, which was usually, too long. I saw a similar thing happening on Robin Hood every time Dogecoin spiked. Every single time you had a 40% rise in Dogecoin, the trading was magically non-functional for the plebs for up to a day. And they never got to sell at those prices. At that point, I was convinced it was a shady company and ceased participation. It was also one of the guiding decisions behind me selling Ethereum because, while I love the idea of the network, it is simply programmable to all kinds of pump/dump scams, which as they collapse, so does the price of Eth.
See BRT’s scenario above.
Any questions?
https://news.yahoo.com/meet-30-old-110-000-123000305.html
For Laine, a 30-year-old who has over $110,000 in student debt, the $20,000 in forgiveness she’s set to get from President Joe Biden’s plan is just a drop in the bucket…
“I never miss a payment, always on time, and yet my balances never go down,” Laine told Insider. “I don’t understand how people can’t see that there is something wrong with that picture.”
Someone should explain to her how you actually get your balance to go down.
They advertised that you could cash out anytime. What I found is that when they popped up in price, if I tried to cash out, they took days to complete the transaction and you missed the boat on selling. I had this happen on 3 occasions.
Observations like this worth their weight in gold.
Happy New Year all. Extremely busy week of running around as we can probably all appreciate. I loved your write-up left. Unless I can write something in Visual Basic then not unleashing any useful malicious code. Luckily, we have dozens of highly paid Indian and Polish developers who produce bad code which already has apps unstable. Last two weeks of year, we have two systems down everyday. I will settle for a new job in 2023. Some good predictions posted already so won’t go there. I hope for less politics, less war, less wealth focus, more family focus, more soul prosperity for all.
Yes, understand when you are building something new like this….it has a massive amount of kinks during the early adoption phase. Why do you think it’s so volatile? Why do you think tech stock in general are so volatile? It’s a process. It’s going to take another decade or two for digital currencies to become a part of the normal individual’s life.
Look at the internet…look how long that took to develop….now apply the implementation of that tech to digital currencies/blockchain.
Remember the 90s….what is .com? Why is every company creating a .com? This is no different.
Fast Eddie says:
January 3, 2023 at 11:00 am
See BRT’s scenario above.
Any questions?
Look how long it took…and it’s still developing. You have apps now…etc.
2009 was the birth of this crypto technology. A long long way to go.
“January 1, 1983 is considered the official birthday of the Internet. Prior to this, the various computer networks did not have a standard way to communicate with each other. A new communications protocol was established called Transfer Control Protocol/Internetwork Protocol (TCP/IP).”
Welcome to 2023.
Instead of making New Year’s resolutions, I’m making New Year’s wishes.
If my wishes come true for you, you will be a better investor and, most likely, a happier person.
May you learn that trading isn’t the same as investing. In her great New Year’s Day article “Rookie Traders Are Calling It Quits, and Their Families Are Thrilled,” my colleague Rachel Ensign describes someone who spent “up to 10 hours a day trading” during the pandemic, “wearing an earpiece to listen to CNBC while doing chores.” That isn’t investing. That’s being taken hostage by the brokerage industry.
May you think clearly about other people’s agendas. All too many fund managers and many financial advisers put your money where their mouth is. Extreme forecasts — inflation will soar or collapse, stocks will boom or bust, bitcoin will hit $1 million — are publicity magnets for the firms that make them. But they’re usually wealth killers for the firms’ clients. You will lose money if such forecasts are wrong, but the firm won’t, as it will still harvest fees no matter how much your account shrinks.
May you remember that making money is a lot easier than keeping it. Sometimes, anybody can get rich quick. Just think of 2021. But staying rich is a lot harder. In 2022, just about everything went down, and nothing went down more than all the crap that had gone up the most the year before. If you treat investing like a game, you’ll have fun — until you have nothing left. If you treat it like a lifelong undertaking, you won’t get to brag a lot, but decades from now you will have plenty to show for it.
May you distinguish between being rich and being wealthy. As the blogger Morgan Housel has written, being wealthy confers the freedom not to spend money. To be wealthy, as opposed to merely rich, means no longer having to use your money to prove anything — to yourself or anybody else. Your money is what you have, not who you are. You spend it not to make a statement, but to create experiences with family and friends or to give something back to the society that made your wealth possible in the first place. Being able to enrich the lives of those you care about is the ultimate form of wealth.
“She went on to a “dream school” for a master’s in journalism, still working part time and leaving with an additional $80,000 in debt in 2014.”
From the debt forgiveness article. She graduated undergrad with only 18k in debt with a journalism major.
Who the fuck in their right mind thinks it’s a good idea to go into debt in that incremental amount in a low earning profession for an advanced degree for which there is little pay differentiation between undergrad/grad compensation?
Twenty minutes on Google/Glassdoor and five minutes with a sheet of paper and a pencil would tell even the most insensible this idea is horrible.
Why should I and the rest of society be on the hook for your stupidity and obliviousness?
You want legit crypto?
Easy, just relegate trading of cryptocurrencies to currency and commodity exchanges, just like every other currency.
We have plenty of regulated mechanisms to trade currencies, even if the intention is speculative. If crypto wants legitimacy, it should be traded on regulated exchanges.
Of course, crypto doesn’t want that.
Wah wah, you can’t mint shitcoins if you don’t own the exchange, you can’t front run trades, your ability to create illegal, speculative schemes is significantly limited.
Maybe OTC derivatives can be moved onto exchanges as well.
DeSantis isn’t kidding when he says FL is where woke goes to die!
Florida has always been God’s waiting room.
How a 30-year old has over 110K in debt is a better question. BRT.
Florida is where sleepy old people go to die.
This is what “alt coins” or “chit coins” are….OTC. Should we bash the stock market because of the OTC?
joyce says:
January 3, 2023 at 1:14 pm
Maybe OTC derivatives can be moved onto exchanges as well.
Lib: You might be surprised, but there are a lot of 30 year olds and older who have 75k to 150k in student loan debt; it’s not uncommon. But, keep in mind the parents did pay for the $5.00 window sticker in their car with the college name on it.
I am working on setting up a trust for the D and doing some estate planning. The lawyer I consulted suggested I look at a 2nd to die permanent life insurance policy. Especially if I am considering retiring early. The concept here is a hedge against an expensive medical issue eating up much of my net worth and leaving the burden of D’s care on my 17-year old son.
ChiFi, others, whaddya think. I’m going to dig around the internet, but I’ve always been suspicious of whole Life (variable annuities) products like these. Though, this would probably be the time to do it. My 800K in term expires in 3 years. Gator’s got 400K in term also expiring at the same time.
That’s just crazy.
Chi,
What you were talking about… They are screwed.
https://www.wsj.com/articles/chicagos-big-pension-gamble-casino-funding-city-council-lori-lightfoot-j-b-pritzker-11672182280?mod=trending_now_opn_4
“A deep national economic downturn could drive the city’s pension funds into insolvency. The Municipal Employees’ Annuity and Benefit Fund, the biggest of the city’s four pension funds, has been selling assets to pay pension benefits. It’s never good when funds are depleting their investment base, but it’s an even bigger problem when asset values are falling as they have this year.
Hence the casino gamble by the City Council and Mayor Lori Lightfoot, who is running for re-election in February. Their bet is that people from around the Midwest will flock to Bally’s like East Coast denizens once traversed to Atlantic City. The comparison is instructive. Atlantic City casinos struggled as they faced growing competition in the region. In 2021 Gov. Phil Murphy signed a bill providing aid to Atlantic City casinos to prevent four from shutting down.
If Chicago’s casino and pension bet fails, Illinois Democrats may next look to U.S. taxpayers to bail them out.”
There are lots of places to Gamble downstate in IL and Missouri. “Riverboats” rule that market currently.
re: alt coins or crap coins or shit coins, bitcoin etc etc.
History tends to rhyme, and with Crypto craze we are again flirting with the same bad ideas of the past. Except now instead of wildcat banks in the the 1800s creating “Free banking” we today have crypto hucksters with the same aspirations of creating “private” money and getting rich for it.
Anyone here can easily create their own coin right now, it is neither rare or very hard to do. The original Bitcoin is open-source project and has been copied and changed over and over many times with all of the different players getting in on the Crypto craze.
History teaches us about those wildcat banks who created proprietary notes in the early 1800s. These notes had a massive secondary exchange market where notes from different banks would not trade equally and would have wild swings. Sound familiar, FTX, Binance, Coinbase etc? Also these reserves of these wildcat banks and exchanges were not always verifiably backed and were thus subject to runs or withdrawals in which customers could not access their funds. Also sound familiar? Gemini, FTX, Mt. Gox?
President Lincoln signed The National Currency Act into law in 1863 as a remedy. The Act established the Office of the Comptroller of the Currency (OCC), charged with responsibility for organizing and administering a system of nationally chartered banks and a uniform national currency, a currency that would be accepted at face value in our country.
Here is a light read on those coins that at least claim they are stable and backed by something like treasury bills. We should see legislation as a remedy perhaps this session of congress if not the next.
https://deliverypdf.ssrn.com/delivery.php?ID=862024094122114080080089113002007007102003037074039062086007070064099083028065102031038026119061045028111106022014086095094020117075046037076117085089107070125055083023013023126024127024083000124088112084102096006084001094084030024122074028025073&EXT=pdf&INDEX=TRUE
Juice Box,
US Obsolete Currency prior to the 1863 National Currency Act; quite collectible and some really beautiful:
https://www.ebay.com/b/US-Obsolete-Currency/3420/bn_2311280
Casinos are never the economic savior they promise to be.
SBF pleads not guilty all counts, trial to begin maybe in October… Convicted or not
there is no way bankruptcy is going to claw back that money anytime soon either, it took over a decade to claw back about 13 Billion in real money Madoff took in and paid out in his Ponzi scheme with one settlement being over 7 Billion from the earliest investors. We are talking crypto here traded over and over various alt coins…Why would anyone even take a chance of trying to trade crypto now?
Kevin McCarthy Falls Short of Becoming Speaker in Second Rounds of Voting: Live Updates
George Santos on the Speaker’s race:
“Kevin McCarthy was by my side at Normandy, and I’ll be by his today.“
Why would it be your son’s financial problem?
The issue is that once your son (D) is old enough, he will become a ward of the state. You want to set up a special needs trust, so he can be supplemented without jeopardizing his soup to nuts benefits.
https://www.hnwlaw.com/elder-law/understanding-a-special-needs-trust-in-new-jersey/faq-about-special-needs-trusts-in-nj/#:~:text=First%20Off%2C%20What%20is%20a,for%20certain%20government%20benefit%20programs.
There are also ABLE 529’s.
Libturd says:
January 3, 2023 at 2:42 pm
I am working on setting up a trust for the D and doing some estate planning. The lawyer I consulted suggested I look at a 2nd to die permanent life insurance policy. Especially if I am considering retiring early. The concept here is a hedge against an expensive medical issue eating up much of my net worth and leaving the burden of D’s care on my 17-year old son.
ChiFi, others, whaddya think. I’m going to dig around the internet, but I’ve always been suspicious of whole Life (variable annuities) products like these. Though, this would probably be the time to do it. My 800K in term expires in 3 years. Gator’s got 400K in term also expiring at the same time.
3b,
Casinos, like booze, weed, the lottery and other types of gambling provide much less revenue than the costs they incur to deal with the negative symptoms they cause.
So first is the strategy…… how do you want to care for him….. don’t talk implementation until you have the entire approach well though out. Buying insurance would be the last step….. I assume you will leave everything to Gator Jr., and maybe buy something to fund the trust, but maybe you don’t want to do that…… figure out how you want to get your son to Ward status, and then everything beyond that is a different discussion. UNLESS you have different expectations for his life…. where is Gator in this discussion?
ChFi,
Of course. That’s the obvious stuff. Though, I appreciate the response.
The insurance is to pay the supplemental in the case of a majorly expensive health issue pawing away at all of the savings we have.
Supplemental what? Gap between bills & coverage? Which is cheaper, gold healthcare benefits for x years until D is emancipated, or a second to die permanent life insurance policy?
Libturd says:
January 3, 2023 at 4:08 pm
The insurance is to pay the supplemental in the case of a majorly expensive health issue pawing away at all of the savings we have.
Very Unstable Democrat,
You’re behind lately, posting things well after the fact. See, the fact that there’s dissent among the Republicans is a good thing. It means they’re fighting for a belief and prepared to object. Unlike the leftist, wet lettuce hermaphrodites who vote in lockstep and huddle in a group like livestock in a blizzard, free-thinking individuals are willing to argue and wrangle.
How a 30-year old has over 110K in debt is a better question. BRT.
The article said she went to get her masters at her “dream school” for another 80k in debt. Most of these idiots begging for loan bailouts have doubled and tripled down on more school. My favorite example was someone on Twitter, MD, JD, MPH, arguing their debt is too much to overcome. What is laughable is 100k isn’t even that difficult to overcome.
Gator is on board with any plan that makes sure D does not end up institutionalized. Gator Jr. is extremely mature and trustworthy, but simply too young to be trustee. Plus, I don’t like the burden of him having to dole out the moolah based on D’s needs and wants. Just too much of a conflict there. Especially when considering that what D doesn’t spend will eventually go to him. He’d better marry someone with financial scruples.
So initial plan is to setup a special needs trust for D where grandma can donate the 15K annually until her death. Trustee would be be third party. Beneficiary and Trust Protector would be Jr.
A 2nd to die life insurance policy would provide some insurance for the untimely death of Gator and I before Jr gets out of graduate school, but would end up making up the majority of the trust. ABLE maxes out at 95K I think. So it is something we’ll utilize to increase contributions to the trust, but it will only take us so far.
We are working on D’s ward status now. The trust/ABLE would not work against it of course. Predicting D’s future is impossible, so planning for it is very tricky. He will always be susceptible to major medical issues.
What it really boils down to is hedge or not to hedge and just contribute to his trust annually I suppose based on the advantages of the insurance policy. Normally, I am against their use outside of term when kids need protection until they are nearing end of college.
Of course, there’s the whole Costa Rica plan to throw a real wrench into things.
And to be clear. I’m only dealing with an estate planning lawyer at this point to help us set up the SNT and our wills and other morbid shit. No one is selling me insurance, nor has a seller recommendation ever been made.
Maybe Pelosi will become speaker again. Only takes a handful of republicans to rather have a dem than a a MAGA speaker to cause it to happen.
After hours of wrangling, Republicans could not unite behind a leader. Here is the latest.
As the 118th Congress convened on Tuesday, the election for House speaker devolved into a pitched floor fight, with a mutiny among hard-right lawmakers creating political chaos not seen in the chamber in a century. Just before 5:30 p.m., after three votes failed to produce a winner, the House adjourned until noon on Wednesday.
Libturd,
I unfortunately had to take control of a similar issue at 21 when my 18 yr old brother got hurt in the Army. I have been his legal guardian since that time and we are both in our 50’s.
Is difficult to say it. I know you don’t want to institutionalize D. But I think all you can do is delay it as long as possible. More importantly understand what you are about to put the brother thru as lifetime supervisor caretaker once you are no longer on the scene.
There is going to be a cost to him for it and you will have to face the question of how much are you going to force the brother to sacrifice (career, travel, relationships, free time, odd duties and responsibilities) and how much will he be willing to endure when the times come. So build the structure around those questions and I would say it in steps.
The years from 18 to your disability or deaths.
Option A)
At 18, file for Social Security disability – will get a small monthly amount you can direct deposit into an account of no more than 2K and Medicaid, you can still use your employer’s insurance (double check this please) because is based on disability, not on poverty. You become legal guardian if he’s incapable of handling his own affairs. Will require annual reports to SSA Representative Payee and County Surrogate guardian’s report. If you move out of NJ, you will need to get new State’s guardianship and certain Medicaid benefits like Dental may not be available. And if institutionalization happens, you choose the best option and Medicaid covers the bill. The financial support structure that you build is to be the equivalent of a gift bag.
Option B)
You replace the SSA disability/ward of the estate option and manipulate Social Security and tax laws. At 18, you manage his affairs under his name without guardianship using power of attorney and you do the following.
-Reports annual self employment income at that most optimal level that allows you to pay the least taxes as you build up of Social Security credits and optimal number for ACA health insurance subsidy (once your employer does not cover him), build up of SEP-IRA or Individual 401k and Roth-IRA contributions, and buy Long Term Coverage insurance.
You are doing this not because of tax consequences as it will actually cost you to build it up but it will allow you to get higher Social Security benefits and put money away into those future gift accounts for when he needs it as you are not able to take care of him. At that point then you do the Guardianship and file for Social Security disability.
The structure using present laws would allow him to receive a higher SSA disability check, which probably would not make him eligible for Medicaid, but he can pay the ACA health insurance and after 2 yrs get Medicare and buy Medigap/Advantage coverage. The tax deferred account become gift bags accounts along with whatever else you set up. The LTC insurance would partially cover any home or institutional care along with the rest coming from the gift bag accounts. When all monies are spent down Medicaid steps in to fill the void.
Either way if you are going to have guardianship, make sure the assets are taken care of in such a way that you don’t attract sharks, there is a scummy industry of predatory guardians that can swoop in with their legal and political connections. See ” I care a lot” in Netflix and search scandals in Los Angeles, Arizona, New Mexico and of course Florida. Option B needs way more trustworthy day to day strategies and management which burden his brother.
Year hard right really hard….Term limit floor vote in the first quarter of this year and actually breaking down the legislative process to 12 ordinary subcommittee appropriations bills seems really hard right to me.
As much as I don’t like some of those folks they make a point about how our congress operates today. The omnibus bill process leaves all the power in the hands of the two party and 12 committee leaders and the rest of congress is left in the dark. The bill is voted on before anyone can actually read it. It also concentrates power further by making it virtually veto-proof by the president. Massive Omnibus bills came about in the 1980s, the democrats countered it with the line item veto and the Supreme court got rid of it. There has to be a better way than Omnibus bills.
Turd: how independent is D? ward status institutionalized
Unless that is required……
my syntax was read as code
chicagofinance says:
January 3, 2023 at 6:26 pm
Turd: how independent is D? ward status DOES NOT EQUAL institutionalized
Unless that is required……
Libturd says:
January 3, 2023 at 1:59 pm
“Florida is where sleepy old people go to die.”
Wrong!
Even the leftist columnist that wrote this Bloomberg opinion piece admits that the migratory tidal wave that’s flowing from blue to red, includes far more than just boomers. But as is typical of the dishonest, Dem-loving duds that make up modern day ‘journalism’, his attempt to promote the decaying blue cities as places for “a certain kind of ambitious young person” exemplifies the unwillingness of libs to admit that people are simply migrating from bad governance to good governance, and to places that respect human and financial capital.
https://www.bloomberg.com/opinion/articles/2023-01-03/why-millennials-are-following-boomers-to-the-south?leadSource=uverify%20wall
The Great Pumpkin says:
January 3, 2023 at 2:45 pm
“If Chicago’s casino and pension bet fails, Illinois Democrats may next look to U.S. taxpayers to bail them out.”
Whaddya mean ‘if’? It should be clear by now that blue state ‘business plans’ rely on the assumption that federal bailouts of one form or another will occur whenever Dems control congress and the presidency. SlowJoe used covid as a transparently thin cover for his boondoggle bailout, but as with the mass mailing of ballots, I suspect the Dems will care less and less about any kind of cover and will simply institutionalize periodic bailouts of the reckless blue states and cities.
Really tough time to read the market…
“We were calling Market bears same names at the beginning of 2022. Now we’re calling bulls by that name. I see $meta moved from 90 to 125 in 2 months, $ba from 120 to 195 in same timeframe. Lots of green shoots & base building for next bull market @fundstrat could be Lmao soon”
First: your boy trump added how much to the debt?
Second: when will you understand it has nothing to do with blue or red politicians and everything to do with money. The more money a city economy produces the more it attracts the leaches. The higher the concentration of capital, the higher concentration of corruption. You think the same thing can’t and won’t happen in Texas and Florida if their economies grow? It’s already happening to Texas and Florida….human nature is a biatch.
“exemplifies the unwillingness of libs to admit that people are simply migrating from bad governance to good governance, and to places that respect human and financial capital.”
So fun to watch the GQP implode today.
Small, you are partially right. FL had a large influx during Covid. It was not the NE libs that came in, but a big influx from Flyover Country. So you have WI RedNeck coming in who I’m not sure will notice the difference.
Florida is boring.
The future…the world as you know it is changing fast. Why I love DNA, should be a leader in this.
https://twitter.com/curieuxexplorer/status/1610171615131885569?s=46&t=zfb4zXK-czoH44qPcPK0gA
Started my day with a 20 minute stretch. I felt like a new man walking uphill to school.
My only wish for 2023 is that pumps begins to properly attribute and cite the thoughts and writings of others. Particularly appalling given he is an educator.
Pumps, “a direct quotation is when you take another person’s words and place them in your own document. These must always be placed inside quotation marks and given appropriate attribution (MLA, APA, Chicago, etc).”