From Mansion Global:
Manhattan’s Median Home Price Rose 2% Despite Market Turbulence
Manhattan’s home prices held steady in the third quarter, despite a gamut of challenges hitting the real estate market across the nation, according to a variety of market reports released by New York City brokerages on Tuesday.
Elevated mortgage rates—currently at a more than 20-year high—low inventory and a decline in signed contracts were all at play during the third quarter.
“It’s an unusual market we are experiencing,” said Coury Napier, director of research at Serhant. “Despite sales and pending activity falling, prices are stubbornly high.”
The median overall price for a Manhattan home stood at $1.175 million, a rise of 2% annually and a fall of 2% compared to the previous quarter, skewed by a fall in transactions under $1 million, according to data from Corcoran.
At the very top 10% of the market, meanwhile, the median luxury home price in Manhattan was $6 million, according to data from Douglas Elliman. The total is a 10.5% decline compared to the second quarter, but has ticked up 4.3% from last year, when the metric stood at $5.75 million.
The number of contracts signed across all segments of the market totaled 2,266 in the third quarter, according to Corcoran. That’s a 27% drop from the second quarter and down 15% from the same time last year. But the slump in activity is easing. Over the last three months, the year-over-year decline in new signed contracts was the smallest since the second quarter of 2022, the firm said.
…
“While [deals in] every price bracket declined, the homes sold between $5 million [and] $20 million retreated the least,” Serhant’s Napier said. “Homes that are more sensitive to volatile markets and higher rates were hit the hardest. There was a 27% drop off for sales at $1 million and below.”
…
“We don’t anticipate significant changes,” Peters said in the firm’s report. “Buyers, hemmed in by high interest rates and inventory shortages, anxious about the state of the world and the country, will step up only when they find the right thing at the right price. For some, that can take a year or even more. But as more and more people come back into their offices, the utility of having a home in the city continues to rebound.”
First
“Buyers, hemmed in by high interest rates and inventory shortages, anxious about the state of the world and the country, will step up only when they find the right thing at the right price. For some, that can take a year or even more. But as more and more people come back into their offices, the utility of having a home in the city continues to rebound.”
Which part of the paragraph above makes you laugh the loudest?
Ten touched 488.4 but backed off
When does Biden axe Yellen? Before or after the interest payments are more than the defense budget? Same for Powell, he could be cornering the market on UST but is sitting this one out.
Fast: The entire paragraph makes me laugh.
Utility? What is it a pied-à-terre or a HOME?
Fed was worried they would run out of UST to purchase, it’s not like it’s rare Yu-Gi-Oh! cards.
“Another factor keeping upward pressure on Treasury yields has been a surge in supply. The Treasury’s needs have been rising partly because of growing deficits and partly because the Treasury had depleted its cash reserves held at the Fed before the debt limit was lifted by Congress in early June”.
What’s the correlation between Return-To-Office demands and commercial real estate exposure?
Case in point – The commercial real estate industry in the Philippines was pushing hard on the government to strip tax benefits from foreign companies operating in the Phils who did not force a return to office. This was an entirely self-serving move to protect their real estate investment, and interests in other related/neighboring buildings and businesses.
Mind you, the level of investment into the local economies didn’t actually change, in fact, probably went up as companies were happily providing reimbursement for internet, power, etc. The average commute in many areas is 1-2 hours each way, so there was a huge benefit to employees. Tremendous downstream benefits as power and internet infrastructure improved dramatically across lower-served areas.
Considering the vampire squid was the first of the investment banks to demand five days a week?
“U.S. REITs are much more closely correlated with the stock market at 0.68”
Just a bit more, as mentioned previously. They won’t be able to refi….office buildings the debt on the strip malls should be ok.
“Global banks hold about half of the $6 trillion outstanding commercial real estate debt, Moody’s Investors Service said in June, with the largest share maturing in 2023-2026”
“The House GOP is a failed state,” @harrispolitico writes:
“McCarthy’s ouster is dramatic evidence, if redundant, about the state of the modern GOP. A party that used to have an instinctual orientation toward authority and order — Democrats fall in love, went the old chestnut, while Republicans fall in line — is now animated by something akin to nihilism.”
It’s probably a great time to start a new political party, as the left leans too far left now and the right well they are going to try and elect a felon no matter what. Nothing in the middle really.
The Reform Party was fun to watch back in 1992 with Ross Perot as their candidate who actually led the polls the summer before the election. Those 19 million votes he got tipped it for sure in favor of Clinton.
Juice: After Ross Perot the powers that be made sure there will never be a real 3rd party challenge again.
Here is a transcript from August from NPR. Dark Money in commercial real estate and the Urban Doom Loop.
“the possibility that the declines in property tax revenue coming from office buildings might lead to increases in tax rates elsewhere. This might contribute to the urban exodus that we know cities have already been experiencing because locals are experiencing worse government amenities or higher tax rates that may encourage them to leave cities in greater numbers, which then compounds the problem of urban finances.”
https://www.npr.org/transcripts/1192490563
3B – The internet is the very reason for all of this change. It has the power to change the landscape of nearly everything including politics.
Forward party was created last year by Andrew Yang and Christine Todd Whitman. Media has been radio silent on them. There is a slight chance they will make waves next year, but it requires allot of groundwork to get money and on the ballots.
https://www.forwardparty.com/
The NAR is going to go ape….Airbnb pivoting to listing yearly apartment rentals.
Ooof —- Speaker Pro Tempore Patrick McHenry sent Pelosi an email telling her to pack her bags and get out of the Capitol building.
https://www.cnn.com/2023/10/03/politics/pelosi-vacate-office-capitol-mchenry-interim-speaker/index.html
Gary/3b,
It should be Farside. A bomb exploding in distance as muppets rush open house.
grim,
It is the only correlation. Said this from beginning, the rich elite own the real estate for restaurants, dry cleaning, coffee shops, clothing stores etc. They want you back to spend in those stores. They could give a f&ck about collaboration. They got rid of co-location dependency a decade ago.
Airbnb pivoting to listing yearly apartment rentals.
But can they pivot their strategy to wage a successful counterattack?
Zillow tried to kill the industry, they realized it was far more profitable to work with it.
Bystander – You are speaking of triple net leases, correct?
Have looked into NNN before covid. If that tenant leaves and you are not sitting on prime space…. it can go south pretty quickly.
They had Rick Santelli on CNBCthe yesterday ripping of paper sheets off a presentation easel, which looked like they were hastily drawn backstage. Anyhow, with a furrowed brow he spoke of 10-14% interest on the 10y. He finished speaking to this long awkward silence in the studio. I believe the first comment back was “are you serious?”. I almost came.
After Ross Perot the powers that be made sure there will never be a real 3rd party challenge again.
Kinda. When Trump was running, the GOP was angling to pull something to make sure he wasn’t the candidate. They even tried a “pledge” at the debate to not run as a 3rd party candidate. That was realistically, only directed at him. He refused knowing that if he ran 3rd party, they automatically lose. Anyone threatening 3rd party still has leverage.
Boomer – Outstanding find…..Here is the link to Santelli… first 2 minutes…
https://www.youtube.com/watch?v=AeRyGKekR_Q
Teacher teacher, teach me love….
A 33-year-old female Louisiana teacher turned herself in and was arrested and charged with rape and sexual battery after allegedly giving birth to a child fathered by one of her students.
Radicalized maga is enjoying the collapse of the Republican party, but Democrats and independents are very concerned.
Christine Todd Whitman –
FWD Co-chair
Christine Todd Whitman is the President of The Whitman Strategy Group (WSG), a consulting firm that specializes in energy and environmental issues…
Environmental experience: It’s safe to breathe in the air after 9/11
Die sucker die.
Trump gonna have his followers shoot looters.
Haha.
If looters deserve to be shot, what should happen to people like Elizabeth Holmes?
When does Biden axe Yellen?
She is still a child as far as age goes, only 77.
This one has at minimum 13 more years to screw things up.
Leave granny alone, the days of knitting baby blankets are over you misogynist.🤣🤣
That’s the thing that everyone ignores. Get rid of offices, but who is going to make up for all the lost taxes? Everything has a cost. Our society depends on people going to work and spending money, like it or not, it’s the f/ing truth. Go ahead, save money from closing offices, put more hands in the pocket of workers, and they just spend it on driving up rent and real estate. WFH was highly inflationary…it f’ed up everything.
Juice Box says:
October 4, 2023 at 8:51 am
Here is a transcript from August from NPR. Dark Money in commercial real estate and the Urban Doom Loop.
“the possibility that the declines in property tax revenue coming from office buildings might lead to increases in tax rates elsewhere. This might contribute to the urban exodus that we know cities have already been experiencing because locals are experiencing worse government amenities or higher tax rates that may encourage them to leave cities in greater numbers, which then compounds the problem of urban finances.”
https://www.npr.org/transcripts/1192490563
Boomer,
Nothing specific about comment. I don’t work in commercial RE. Just opinion on why RTO is being pushed.
Phoenix – Watch the Santelli clip, the boomers are going to cause a financial calamity to keep their COLA… 8.7 percent this year.
The senior citizen think tanks and lobbyists in Washington want another 4% or more next year for their 48 million members.
Juice,
That affects every man who pays child support as well, as that is subject to COLA.
Gonna be more deadbeat dads this year.
And whoever is elected speaker has to deal with the coming budget and funding disaster in Washington. You can bet Kevin Owen McCarthy is probably sighing a bit of relief now, he was never really part of the wealth class and did not do exactly what they wanted.
The next speaker will cut spending, the rich don’t want to pay more taxes folks…They will never allow a piece of legislation to raise taxes on them to see the light of day.
Hope Grandma has a recipe or two for Friskies..
Inside the Menendez Indictment: A Mercedes and a Secretive Fatal Crash
A 2018 fatal car crash in Bogota, N.J., drew no media attention and resulted in no charges. The driver was the soon-to-be wife of Senator Robert Menendez.
Prosecutors said in those charging papers that Ms. Menendez needed a car so badly after a December 2018 “accident” that the senator, a Democrat, was willing to try to suppress an unrelated criminal prosecution for a New Jersey businessman in exchange for a $60,000 Mercedes convertible. The fatal collision with Mr. Koop on Dec. 12 matches prosecutors’ terse description of the December 2018 crash.
There were reasons for suspicion at the time. One witness at the scene said in an interview that officers appeared to know who Ms. Menendez was and treated her with striking deference. Police recordings captured the voice of a man who identifies himself as a retired police officer from a nearby department. He can be heard saying he came to the scene as “a favor” to a friend whose wife knew Ms. Menendez.
The police reports indicate she was never tested for drugs or alcohol, and was allowed to leave the scene, not long before Mr. Koop was declared dead at a nearby hospital. Three days later, police investigators were sent to local bars to get more information on where Mr. Koop had been in the hours before his death.
Juice: AOC is pushing for a massive tax increase for New Yorkers, 15 billion in state income tax increases , for those making 25ok a year. NYC . NYC has lost the largest amount of Millenials aged 25 to 45 who make more than 200k a year, more than any other state.
Don’t know about you, but supporting open borders while funding another country’s territorial war is radical to me. To say otherwise is propaganda.
ADP numbers say only 89k new private sector jobs created in September.
3b,
Tax Increase: As taxes increase on the production class, it becomes a self-consuming process. The greater burden is placed on dwindling numbers of people/corporations that can support the tax heist. NYC will eventually become Detroit, known for just a memory of its former glorious self. Where then, will the money come from? What will America’s status and reputation be once this communal transformation is reached in the eyes of the Labourites?
Dysfunctional, self-destructive GOP is certainly not a good first impression for all those new immigrants.
Fast: I wonder how many of those Millenials who have left, are Republicans vs Democrats. It would seem to me that those who are Democrats/ Liberals don’t like paying more taxes either, in spite of what some may say. NYC is declining, increasing taxes is not going to help.
Good post, I agree. It’s like bipolar fueled gaslighting.
BananaJoe says:
October 4, 2023 at 11:34 am
Don’t know about you, but supporting open borders while funding another country’s territorial war is radical to me. To say otherwise is propaganda.
3b
Increasing taxes would work if it was uniform across all fifty states.
But it isn’t, and 250k is too low a number to start with. It was appropriate even 5 years ago, but not with cape cods approaching 1M.
The effects of inflation….only a matter of time before teachers step up to the plate. Unfortunately, this is exactly what the Fed wants to deal with the debts.
Kaiser Permanente Union Workers Strike, Mounting Largest U.S. Healthcare Walkout on Record
Wages-and-staffing fight prompts over 75,000 employees to stop work
https://www.wsj.com/health/healthcare/healthcare-worker-strike-kaiser-permanente-b404e9d5?mod=hp_lead_pos7&mod=hp_lead_pos7
3B – AOC is just noise at this point. She is no real antagonist like Bernie Sanders and does not really draw much of a crowd anymore and chooses to fight online with Elon but brings a knife to a gunfight. I would not mess with the Meme Lord.
The working class in NYC doesn’t however have anyone to primary her and perhaps get better representation. Again she will just continue to scare away companies and people from coming to NY, real jobs her constituents need by talking about taxes that the State of NY or City will never pass. It is not a real solution. Mayor Adams announced 5% budget cuts last month, that is only the 1st tranche for sure.
I was working as a consultant to NYC when Bloomberg took office back in 2002. That year it was like a budget bomb went off 10 % cuts in all budgets or more. There was and still is an army of consultants in NYC feeding off that trough to keep everything running as the employees who actually work for the city have many useless lifers. NYC is going to slide more and more for a while, where it stops who knows.
Very Unstable Muppet,
Your side is in solidarity, it’s what’s expected as a member of that clan. No deviation is expected or accepted. Like an obedient prison cell lover, all you’re expected to do on a daily basis is to swallow the progressive load and you’ll be cared for and protected.
Phoenix – It had to be the NJ state prosecutors who tipped off the Feds. FBI was at his house about a month after he tried to pressure a prosecutor.
Menendez thought he was untouchable after his last court victory and reelection. His mistake in my humble opinion is he should have just continued to pay for escorts instead of moving in with and marrying one.
Juice: I agree, her plan won’t pass, but the fact she is proposing it, just shows how clueless she is. NYC needs another Bloomberg, but it won’t happen.
Phoenix,
This one’s for you:
https://www.barstoolsports.com/blog/3487596/trevor-bauer-goes-off-on-his-accuser-after-both-drop-their-lawsuits-with-no-money-changing-hands
Watching an interview with Howard Marks (of Oaktree) on the sea change afoot.
**tps://www.oaktreecapital.com/insights/memo/sea-change
**tps://www.youtube.com/watch?v=ilJd1mA8AHk
He talks about a wider availability of high single digits credit for purchase, which will sit lower on the risk scale than most imagine.
” cracks in the West’s support for Ukraine have begun to show ”
What do you think would happen when average Polish, German, etc people are going bankrupt in a proxy war driven by America who is raping them financially?
Green shirt guy begging for more tax dollars from working Americans that are going broke themselves with high housing, fuel, rent, and property tax.
The rich love this, as it is the middle class footing the entire bill, making them broke and easier to control.
No One,
Great video. I believe him. That is how it works.
What do I see.
A woman that committed a crime against a man, but was not criminally charged. Nope, prosecutors don’t, they are the laziest fu ccs on the planet. Too bad he can’t get street justice on her, cause it’s Law and Order, not Law and Justice. He wont’ be getting any justice.
She walks away scot free, and will attempt this on the next man, as men are dumb, and will pay dearly for 5.7 minutes of pleasure ( that is the average time for a man to blow his load). Better off rubbing one off and keeping your money from these parasites that have the legal system as a tool.
He is lucky to be so wealthy to afford a lawyer. Mine were 500 an hour. His probably more. I couldn’t afford to keep fighting the battle he did, making charges against her. Plus for me, she never said I did, she said “might have.” Still the authorities come after you like a pack of rabid dogs, they are “white knights” and what makes them blow their wad is to be the hero to a damsel in distress. It’s what drives them.
So she defames him, he pays thousands to defend himself, and no penalty for her.
There is a book that was sold on Amazon, DAMN, destroy a man now. Tells you how to do this step by step using the legal system. It’s real, it works.
Glad for him. He had the money to weather the storm. /rant.
Giuliani’s Drinking, Long a Fraught Subject, Has Trump Prosecutors’ Attention
The former mayor’s drinking has become an investigative subplot in Donald Trump’s federal case over 2020 election interference. But long before that, friends had grown deeply concerned.
By Matt Flegenheimer and Maggie Haberman
Oct. 4, 2023
Rudolph W. Giuliani had always been hard to miss at the Grand Havana Room, a magnet for well-wishers and hangers-on at the Midtown cigar club that still treated him like the king of New York.
In recent years, many close to him feared, he was becoming even harder to miss.
For more than a decade, friends conceded grimly, Mr. Giuliani’s drinking had been a problem. And as he surged back to prominence during the presidency of Donald J. Trump, it was getting more difficult to hide it.
On some nights when Mr. Giuliani was overserved, an associate discreetly signaled the rest of the club, tipping back his empty hand in a drinking motion, out of the former mayor’s line of sight, in case others preferred to keep their distance. Some allies, watching Mr. Giuliani down Scotch before leaving for Fox News interviews, would slip away to find a television, clenching through his rickety defenses of Mr. Trump.
Even at less rollicking venues — a book party, a Sept. 11 anniversary dinner, an intimate gathering at Mr. Giuliani’s own apartment — his consistent, conspicuous intoxication often startled his company.
This guy is definitely a Buffett/munger fanboy. Runs 300 million in only 4 stocks
https://www.dataroma.com/m/holdings.php?m=PC
1:00 change the record FFS
House of Cardio? The Usual suspects?
Too soon?
https://nypost.com/2023/10/04/kevin-spacey-rushed-to-hospital-fearing-heart-attack-reports/
That reminds me of this ETF that only held ARK ETFs. And one of the ARK ETFs was holding another ARK ETF. Triple the fees.
Very Stable Genius says:
October 4, 2023 at 11:51 am
“…not a good first impression for all those new immigrants.”
Perhaps the stupidest of your long, long list of stupid comments. As if the tidal wave of illegals coming in through Joe’s open border care who is speaker. Truly moronic stuff from Unstable.
But on a related note, the opening highlights how deep the R bench is. Doesn’t matter if it’s McCarthy, Scalise, Jordan or any of a dozen others, they’re all highly competent and sane. Contrast that with the D’s, led for the longest time by ancient Pelosi with a bench that consists of incompetent dingbats like fatso Nadler, false-alarm Bowman, mad Maxine, etc…
1:53 somebody’s gotta work. All your republicants are on federal assistance.
BRT
There was a fund back in the early 2000s that only held 3 stocks. Amazon, Costco, and Berkshire. It crushed the market. I think after 10-12 years the managers closed the fund and told their investors to just put 1/3 of their money into each stock and go about their lives.
This….dead on. Well said. Being a white male has been tough past decade.
“A woman that committed a crime against a man, but was not criminally charged. Nope, prosecutors don’t, they are the laziest fu ccs on the planet. Too bad he can’t get street justice on her, cause it’s Law and Order, not Law and Justice. He wont’ be getting any justice.”
The average person in their 20s has seen:
-the first successful ouster vote of a Speaker ever
-3 of the 4 presidential impeachments
-2 of the 4 popular vote-electoral college splits
-the first-ever presidential indictments
-a coup attempt
Mr. Wonderfully Irrelevant.
‘No one saw this coming’
“Office space has gone from a necessity to a liability in just a few short years, sparking concerns about a collapse in commercial real estate values across the country.
“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”
“Offices unnecessary”
“Here’s what’s unique,” O’Leary said during the Fox Business interview. “Most of these [office units] cannot be used again as offices because the economy has changed. No one saw this coming, but up to 40% of people who work in small businesses don’t return to offices anymore.”
“….a coup attempt…”
IIINNNNNN-SUUUURRRRRRR-EKSSSSSSHHHHUUUNNNNNNN!!!
Duh-mah-crasy is DYYYYIIINNNGGGG!!!!
The entire American political system is dysfunctional. Not sure what the solution is but can things really continue on like this? The US is becoming a laughingstock.
Currently in Edinburgh, Scotland until 11 October. A great city with bad weather. Quite a few empty shops along Princes Street. Great Indian food here.
History Rhymes?
SRS ultrashort real estate for one brief shining moment on Nov 21st 2008 went all the way to 26,000……
https://tinyurl.com/3m22f4e8
Very Stable Genius says:
October 4, 2023 at 3:21 pm
“The average person in their 20s has seen…”
The above-average person recognizes that this dysfunction is a result of the modern Dem party generally having lurched to the extreme left, and specifically the score-settling unleashed by Oblama.
Chad Powers says:
October 4, 2023 at 3:44 pm
“Currently in Edinburgh, Scotland…Great Indian food here.”
I hear the Tandoori Haggis is delish!
Involves only one political party and not the entire political system.
Very Stable Genius says:
October 4, 2023 at 3:21 pm
The average person in their 20s has seen:
-the first successful ouster vote of a Speaker ever
-3 of the 4 presidential impeachments
-2 of the 4 popular vote-electoral college splits
-the first-ever presidential indictments
-a coup attempt
Leftwing,
Ask the Proud Boys and Oath Keepers what they call 1/6/21. What exactly was it they were convicted of?
Seditious conspiracy…If two or more persons in any State or Territory, or in any place subject to the jurisdiction of the United States, conspire to overthrow, put down, or to destroy by force the Government of the United States, or to levy war against them, or to oppose by force the authority thereof, or by force to prevent, hinder, or delay the execution of any law of the United States, or by force to seize, take, or possess any property of the United States contrary to the authority thereof, they shall each be fined under this title or imprisoned not more than twenty years, or both.
Very Stable Genius says:
I hear the Tandoori Haggis is delish!
I haven’t tried that yet although I do like Haggis. There is an Indian restaurant chain called Dishoom which I really like. Luckily they have one here in Edinburgh on St. Andrews Square. Besides the food the atmosphere is great. There is also Mother India’s Cafe that I’ll be trying before I leave.
I would argue that it is the entire US political system being dysfunctional. It seems that no one can compromise on any issue nowadays. Part of the problem is the US two party system. Countries with coalition governments tend to force cooperation.
Chad Powers: You May not have the time, but you should try and visit Inverness, it’s a beautiful city. Give Glasgow a skip in my opinion.
The guy who only held 3 stocks name was Nick Sleep.
He compounded returns at 21% a year from 2001-2014. Returned over 900% and crushed the indexes. His annual letters to shareholders are supposed to be great. I haven’t read them yet but they are on my list.
Why 8% Mortgage Rates Aren’t Crazy
With fewer buyers for mortgage bonds, the rates on home loans can go unusually high
By Telis Demos
Oct. 4, 2023 5:30 am ET
Treasury yields are jumping higher, but even that doesn’t explain how high mortgage rates are getting. Home buyers might wonder whether typical mortgage rates could soon hit 8%.
Historically, the answer might have been that this was unlikely without a dramatic change in Treasury yields. Even 10-year yields going to 5%, from 4.8%, wouldn’t have implied mortgage rates at that level. That is because what it costs to borrow to buy a home usually hews fairly close to 10-year Treasury yields.
But the answer in today’s market? They might very well get there.
One big reason is a change in who is buying the government-backed bonds that pool many home loans into investments, which in turn drives the market price of a standard mortgage. For years the Federal Reserve or big banks, and often both, were significant and somewhat indiscriminate buyers. Now that isn’t the case. The Fed is trying to shrink its balance sheet, and banks are working to overcome the effects of rising interest rates.
This nearly three percentage-point gap is big. The prepandemic average from 2017 to 2019 was under two points, according to ICE data. It has narrowed slightly from earlier this year, when mortgage-bond portfolios of distressed banks were being sold off. Still, that raises the possibility that even without more failures, banks moving just to trim their portfolios to raise cash could help keep that gap about where it is—effectively turning just a 5% 10-year Treasury yield into an 8% mortgage rate.
However, a more settled path of Fed monetary policy that tamps down volatility could bring in more buyers of mortgage bonds, whose high yields make them competitive with riskier instruments like corporate bonds and, in theory, quite attractive. Longer-duration investments such as mortgage bonds are risky in a rising-rate environment, so once investors get comfortable that rates have peaked, investors could get interested.
“Once there is clarity from the Fed, mortgage spreads should tighten,” says Jeana Curro, head of agency MBS strategy at Bank of America. “Those on the sidelines could get involved again,” a group that includes overseas buyers.
Further down the road, banks themselves could again become major buyers of MBS, particularly if they are doing less direct mortgage lending under new capital rules.
But for now, with even central bankers puzzling over whether rates have risen enough or too much, it seems possible that the market might not get enough clarity in time to keep mortgage rates from touching those next tiers.
Grim’s system keeps sending this into the abyss…click the link and have your mind blown. What I always said. Sorry, have to raise prices due to supply chain….BULL f’ing CHIT!!!
https://x.com/ritholtz/status/1709536644573835293?s=46
At the end of the day, why would you want to hold real estate with higher and higher rates? You don’t…zero chance for appreciation. All sucked away by the 1% loaning you the money with high interest.
chicagofinance says:
October 4, 2023 at 5:28 pm
Why 8% Mortgage Rates Aren’t Crazy
With fewer buyers for mortgage bonds, the rates on home loans can go unusually high
Pumps on the same vein of Greedflation.
https://twitter.com/WallStreetSilv/status/1709600614131380230
Here’s another reason not to be an amateur landlord
https://nypost.com/2023/10/04/airbnb-guest-from-hell-refuses-to-leave-luxury-rental-after-500-days/
Why can’t you understand how dysfunctional our economy is right now because of WFH? Seriously. You are smart, why can’t you see the destruction? Economy needs stability, not the opposite.
Do you understand how inflationary WFH was for most communities? People have had their lives ruined because of this. Can’t afford anything because it’s all been driven up by WFH and the pandemic.
WFH created a ton of cash in people’s pockets by being able to move to cheaper location. So, they drove up the price of housing on cheap communities, and then with the savings blew up the cost of everything from vacations to food. This chit is a pure disaster for the economy.
Do you people honestly think it’s a good idea to hand your life over to tech? You think it’s healthy to not leave the house? That’s what they are doing to people right now…f’ing them up healthwise. Some of these people are never leaving their house thanks to tech. You know who is going to pay the price for their health issues later? That’s right…
The commute was the only exercise and social interaction that a lot of people got….
Juice Box says:
October 4, 2023 at 3:42 pm
Mr. Wonderfully Irrelevant.
‘No one saw this coming’
“Office space has gone from a necessity to a liability in just a few short years, sparking concerns about a collapse in commercial real estate values across the country.
“No one saw this coming,” entrepreneur Kevin O’Leary said in a recent interview with Larry Kudlow of Fox Business. And O’Leary believes the issue will manifest itself in the regional banking sector. “These banks are going to fail,” he said, “because up to 40% of their portfolios … are in commercial real estate.”
“Offices unnecessary”
“Here’s what’s unique,” O’Leary said during the Fox Business interview. “Most of these [office units] cannot be used again as offices because the economy has changed. No one saw this coming, but up to 40% of people who work in small businesses don’t return to offices anymore.”
Phoenix – Hollyweird child custody case for ya. Most of them are adults now too. She probably burned up a nice chunk of inheritance to deny him custody too.
https://www.dailymail.co.uk/news/article-12593779/Angelina-Jolie-biased-judge-custody-Brad-Pitt.html
Well,
That’s a way to get another country involved/angry. Smooth move, ExLax Biden.
U.S. gives Ukraine more than 1 million rounds of Iranian ammo seized at sea
Disgusting. How long before it all crashes? Not sustainable.
Juice Box says:
October 4, 2023 at 5:46 pm
Pumps on the same vein of Greedflation.
https://twitter.com/WallStreetSilv/status/1709600614131380230
Juice,
It’s the court systems and the greedy lawyers.
When the cretins created no-fault divorce, it wasn’t an accident. It was a plan. Its what they do.
Beer – “extreme disability due to cat dander”
crazy cat lady syndrome….
Judge Engoron fuming and slamming his hand, now the AG is playing the Bully card.
Gotta give it to Trump he does know how to make people crazy. Some people are saying this trial will go on for THREE MONTHS!
https://twitter.com/RagingKuJo1222/status/1709688603108929811
Juice
She seems off. And if the guest house isn’t up to code, why is she allowed to stay in it? Why can the landlord make repairs? Is it legal for him to simply remove the doors and windows since he’s the owner?
The whole world is going to chit. I don’t know chit. I’m a piece of chit.
Phoenix
Do you still like blondes?
https://www.dailymail.co.uk/news/article-12594977/Drunk-Woman-NY-train-Brianna-Pinnix-video-Germans.html
Juice: O Leary is right, except for no one saw it coming. The pandemic just sped it up.
On the topic of social media: I don’t think people on FB quite understand that if someone clicks on their profile photo and presses left or right on a keyboard, one can scroll through their whole roll of photos in that folder. People will post this curated profile photo, but then left/right and it’s just bomb after bomb after unscripted bomb. They go through all this trouble to duckface for the profile, but there are pic of them in bed with a double chin fat fingering the shutter.
Am I the only who knows about this?
Blah blah blah…I’ll enjoy the buying opportunities.
PumpkinFace says:
October 4, 2023 at 6:43 pm
The whole world is going to chit. I don’t know chit. I’m a piece of chit.
Which buying opportunities? Is this the one you bought? But then didn’t buy? Then bought again maybe, then sold, then shorted and haven’t bought since yet it’s the best buying opportunity in history? That one?
8% mortgages are here now.
https://www.bankrate.com/mortgages/analysis/
Frist
============;===========;()
# # # #::::::::
# # # #::::::::
# # # #::::::::
# # # #::::::::
# # # # # # #
# # # # # # #
# # # # # # #
# # # # # # #
# # # # # # #
# # # # # # #
What? Did anyone wake Sleepy Joe and tell Kamala “no show” Harris?
DHS Secretary Alejandro Mayorkas quietly issued a waiver on Wednesday to waive 26 federal laws to allow border wall construction in Texas.
https://www.dailymail.co.uk/news/article-12596065/Biden-Mayorkas-border-wall-Starr-County-Texas.html
DNA is a pure winner. They recently partnered with google and pfizer…suck a fat d/k. I am making money…worry about yourself. I shorted dna down from 2.40…is that a problem that I know the stock well that I can swing it?
PumpkinFace says:
October 4, 2023 at 9:15 pm
Which buying opportunities? Is this the one you bought? But then didn’t buy? Then bought again maybe, then sold, then shorted and haven’t bought since yet it’s the best buying opportunity in history? That one?
Pumps – DNA & Google.
As I mentioned, they picked the right AI according to my humble opinion. Deepmind is perhaps the mature platform in the space and there is a ton of open source out there for biomedical research.
In other words, they aren’t trying to create a better chatbot like cousin Grim, they need to fold proteins and you cannot do that so easily with a video game graphics card.
Again do not buy or sell on anything I say.
Juice,
The google partnership is huge. It’s accelerating their progress tremendously. It’s going to take time, but this company is a winner. They are solving problems and changing the world we live in. They are amazon/apple in early 2000s. Most don’t even understand what they are doing it yet. Look at biotech sector…absolutely worst bear market for it ever. Look at DNA price, still up 55% from its low…that says a lot. I am still hoping the macro takes it lower so I can get cheap shares…3rd qt earnings might be the final low. Will see.
Most important thing here. DNA is the poster boy for AI (tech) and bio integration….both fields will grow rapidly and change our lives. Right place, at the right time.
Pumps – Not so fast it will be a multi-year effort. You can only play the long game with this stock. Look they built sexy robotic labs that can create large amounts of different genetically modified cells in a day, but the idea here is they need to accelerate the research with AI. It will take a while to build the computational modeling with Google’s Platform, it’s not going to happen overnight.
DHS Secretary Alejandro Mayorkas quietly issued a waiver on Wednesday to waive 26 federal laws to allow border wall construction in Texas.
Trump was right yet again.
I was talking with a colleague who lives in the S.F. Bay area… says crime and homelessness is spreading to the ‘burbs. She said her mom is afraid to go to the stores in the area because of increased crime. The area her Mom lives in was always quiet and crime free. No longer the case. Her Mom went to CVS, couldn’t find a cart, asked the store manager where the carts were. Manager told her they’re locked up because people are filling them and simply walking out the door. Smash and grab, gang looting, violent attacks, cashless bail, catch and release… all across the nation now. We’re in serious decline. Fun times.
Funny how Pumpkin talks about his stocks the same way I used to hear poor people talking about their lottery ticket numbers.
Dreaming about how their next gamble is going to help them escape their humdrum lives created by their own limitations.
Juice: 8 percent mortgage rate vs 3 percent mortgage rate from 2 years ago. 400k loan , 2,935 vs 1630, about 1,250 more a month, plus taxes and insurance. Of course it won’t matter here as we are bleeding wealth.
There are no alliances or allegiances in AI.
Anyone who thinks a successful business can be built on an AI alliance is fooling themselves. It is every man, and bit, for themselves right now. AT EVERY LEVEL.
We’re not even a year in, and thin-wrapper companies are being exposed for what they are, repackaging someone else’s IP in a way that’s easily replicable. Who will be the ultimate beneficiary is completely up in the air right now.
Deepmind will work with anyone who comes to the table with dollars. The IP they develop is theirs. AI advances that might be made in partnership, are likely to be more widely exploited, as the entire AI community operates far more like an open academic endeavor than a secretive, IP-protecting business.
Pfizer can fold all the proteins they like with Deepmind and DNA, but believe me, Google will happily permit Deepmind to work with ever other Pharma and Biotech in exactly the same way. Competitive advantage? Sure, for all of 15 minutes. When everyone in the industry has the same level of access to that advantage, we’re back to status quo, nobody has an advantage.
You guys are underestimating DNA. Google is excited to work with Gingko. Super excited.
This quote from Scott Penberthy from $GOOG summed up my entire bull thesis:
“I see a very near future where anything in the space, from cancer, to molecules, to flavors, to enzymes, to textiles…you name it… not doing something with ginkgo will put you at a disadvantage.”
Bingo. That’s why I said amazon/apple early 2000s. Took a decade for them, and it will take time with DNA too. They are pioneering a brand new field…zero competition at their level.
“Key assumptions still need proving
The rub is that Gingko Bioworks is currently deeply unprofitable, and its quarterly gross margin (https://www.fool.com/terms/g/gross-margin/) is no better than it was three years ago despite onboarding dozens of new biofoundry programs in the same period. That detracts from management’s claims about the presence of economies of scale in cellular engineering and manufacturing, which are core to the company’s chances of success.
Management believes that Ginkgo’s $1.1 billion in cash will be enough of a runway to hold it over until the biofoundry consistently turns a profit. But they haven’t provided a concrete time line for when that might be, except to say that it’s penciled in for the medium term. Such uncertainty should be a
huge caution sign for risk-averse investors.
On the other hand, for those seeking long-term growth, the company could easily become a shareholder’s dream if and when the profitability issue is solved. There aren’t currently any competitors anywhere near Ginkgo’s size attempting to create a biofoundry platform. Many of the most powerful biopharma players are backing it with agreements worth hundreds of millions of dollars.
The problem it seeks to address is going to continue being a major stumbling block for the biopharma sector for many years to come, so there will be an ongoing incentive to work with it. Overall, the balance of factors suggests that this stock is worth buying, provided that you are willing to hold it for at least the next few years while it finds its footing.
It’s riskiest in the near term as there’s not much progress in profitability to point to right now. But eventually, there might be, and that’s when the stock could take off.”
Juice Box says:
October 5, 2023 at 9:12 am
Pumps – Not so fast it will be a multi-year effort. You can only play the long game with this stock. Look they built sexy robotic labs that can create large amounts of different genetically modified cells in a day, but the idea here is they need to accelerate the research with AI. It will take a while to build the computational modeling with Google’s Platform, it’s not going to happen overnight.
For the older guys, stay the f away from DNA. The rollercoaster ride might give you a heart attack. For others, with the patience and stomach for the ride, get on. The tesla of this decade. Will be heavily criticized while it continues to grow and grow. Only difference, tesla had to break an industry, while DNA has no industry to battle.
Grim,
Dna owns the IP and data set. They are not giving anything away, google is excited to work with this. Their workers get to work on exciting stuff.
It is true though, they hope to eventually use google for sales on the product they are working on together.
Remember their mission. To make biology easier to engineer.
Can someone wipe the Blumpy splatter off windshield? JFC..triggered so easily
Grim – Yup No books written yet..and no awards given.
Your data is your data, your training is your training, and your inference is your inference, it’s in the contracts. I do agree plenty of laps left in this race for any vertical big or niche.
For Biomedical research. Uni-Fold, Colabfold, Aplhafold etc tons of OSS out there. These are the real scientists here not the charlatans from Silicon Valley. CPU-scavenging, cycle-scavenging, or shared computing did not originate there after all. SETI@home and Folding@home are still crunching away examples.
Even the Pharma companies are going to balk at buying 6,000 full racks of Nvidia A100s to get it done. The cheaper options are coming, we should see a few more announcements in the coming year.
I’ve personally worked with teams in Google’s Area 120 and I’m also actively working with the Vertex AI product teams in GCP, I’m not talking out of my ass.
It’s hard to call any of this IP, if the vast majority of innovation is coming out of academia. AI is a very different animal than many other technologies, this is a technology that exists in the public domain in a very material way.
There was a good paper recently where Google credited the Reddit community for contributing.
How you monetize this kind of public-domain innovation isn’t so obvious, and it’s why everyone is saying it’s the hardware companies that are the ultimate beneficiaries.
“…What exactly was it they were convicted of [re: 1/6]….?”
Monkey court. More prosecution equals less credibility. Why DJT rises in the polls with every lawsuit filed.
“click the link and have your mind blown. What I always said. Sorry, have to raise prices due to supply chain….BULL f’ing CHIT!!!”
So it’s ‘mind blowing’ that a merchant seeks to price goods to maximize total profit?
Funny, I was taught in Microeconomics 101 that was called the ‘optimal price’.
It’s a corporation, not a looter. Does Trump think this kind of theft is okay, or do we shoot them like the looters?
The aviation industry has been rocked by reports of thousands of jet-engine parts with fraudulent safety certificates being installed onto passenger planes allegedly forged by supplier AOG Technics. The company allegedly faked safety certifications installed onto passenger planes. AOG Technics has also faced allegations it faked employees and was using stock photographs for fictitious staffers on LinkedIn. Major airlines including American Airlines, United Airlines and Southwest Airlines have pulled several jets from their fleets as investigations into the potentially catastrophic faults are ongoing. With parts from the problematic company so far found in 126 engines across several airlines, questions are being raised over the effectiveness of the industry’s safety oversight measures.
re: isn’t so obvious?
Eh? Been going on since the BSD and early Apache days. There will be AI from Oracle and IBM etc versions to be sold to enterprises as well as the Google’s of the world.
60-80% of every modern application’s stack consists of open-source code. The Apache, MIT and older BSD licenses are permissive, you are under no obligation to share code revisions and you can sell it for $$$.
Grim’s AI Secret sauce is for sale, get a bottle off the shelf quick before it’s all gone.
China’s E.V. Threat: A Carmaker That Loses $35,000 a Car
Awesome. Can I get one of these?
No, probably not, as it will be tariffed up. You know, supply and demand only works one way.
Post your timestamped buys and sells from inception (without qty). Let’s see if your money is where your mouth is.
Appreciate your expert opinion on this. Thank you.
DNA seems to be landing partnerships almost daily now. That’s their gold…the data….AI is useless without the data sets to plug in that DNA has developed. They also have the automation/foundry to test and analyze said data sets.
I truly believe in DNA, hope I am not wrong.
grim says:
October 5, 2023 at 10:31 am
I’ve personally worked with teams in Google’s Area 120 and I’m also actively working with the Vertex AI product teams in GCP, I’m not talking out of my ass.
It’s hard to call any of this IP, if the vast majority of innovation is coming out of academia. AI is a very different animal than many other technologies, this is a technology that exists in the public domain in a very material way.
There was a good paper recently where Google credited the Reddit community for contributing.
How you monetize this kind of public-domain innovation isn’t so obvious, and it’s why everyone is saying it’s the hardware companies that are the ultimate beneficiaries.
Phoenix – Pretty soon the US Automakers are going to run out of government cheese to build their battery factories.
Billy Joel can update Allentown. It was originally written for Levittown and he re-worked it.
Well, we’re living here in Battery Town
And they’re closing all the factories down
They have taken all the lithium from the ground
and the Union people crawled away…….
CATL – 34% market share of Lithium batteries and will probably increase.
BTW – Bill Gates’s company Rondo might come out of nowhere as a battery company, but it’s not for cars. It’s made of cement brick and iron. The largest factory in the world to be built in Thailand. No union there..
Lib, stepped in front of BAC and MS ahead of earnings. Starter positions. Both getting beaten up.
May be more comfortable with the latter than former, but BAC is trading below the March SVB HTM crisis level and well into COVID lows….she may have some earnings impairment from disproportionate investments in gubmints but as a TBTF I’m willing to leg in from here on down.
Any simulation of anything biological protein is likely trash. Every single biological study of proteins in a test tube, they put it in a buffer solution and pretend it’s the same thing because the pH matches. The cytoplasm is entirely different and way too complex to ever model on a computer. Crystallization was always the best way to identify biomolecules structure. That being said, when I was involved in the collaboration with Jannsen, what they did was crystalize the HIV reverse transcriptase, identify a pocket that was consistent in all mutations. They then used computers to hypothetical develop potential compounds that would fit inside. They got 150 potential molecules from that alone. That’s where the computers come into play. 1 of them turned out to be very effective.
The old dog is still in the hunt.
“an early-stage startup backed by Bill Gates’s private office, is launching a chatbot Thursday that offers users personalized recommendations for books, movies, TV shows and podcasts. The chatbot, called Pix, runs on OpenAI’s natural-language processing technology and will learn users’ preferences over time. It will be free to users.
The Gates-backed startup plans to use its 600 million consumer data points to distinguish its media-recommendation platform from the one-size-fits-all chatbots that are already available. Unlike the recommendation software available within streaming services, Pix will suggest content across platforms to users who text, email or ask it questions via its app.”
https://www.wsj.com/tech/ai/bill-gates-backed-startup-launches-ai-chatbot-for-personalized-movie-book-picks-3badd854
Gate’s PIX AI Bot is scraping data from Netflix, Hulu and Max. You can bet they are going to shut that down. It was like all those companies that used to scrape pricing data from Amazon and others. Won’t be long before it’s blocked and or lawyers get involved. Elon had similar issues with Twitter as every Tom, Dick and Harry was trying to use their data too. They are going to get kneecapped unless they pay up. I think Reddit was asking for $25 million-a-year licensing fee?
Listen… let me know when I can use an AI-generated, multi-dimensional, complex-layered, fine-material fabricated 4D printer to create a super model kinda gal to enjoy each other’s ‘company’. Kapeesh?
Ed – Elon’s Neuralink microchip implantation will turn any man or any woman into the perfect companion, a 100% perfect match. AI-powered personalization. It will analyze and understand you and your preferences and needs, and tailor the companion experience accordingly.
G0d bless Elon Musk!
Juice
i’ll believe it when I see it. Sooner or later everyone gets tired of someone else no matter how perfect they are.
A bit ambitious considering that a couple of months ago you were asking how to use Yahoo search…
Fast Eddie says:
October 5, 2023 at 11:50 am
Listen… let me know when I can use an AI-generated, multi-dimensional, complex-layered, fine-material fabricated 4D printer to create a super model kinda gal to enjoy each other’s ‘company’. Kapeesh?
A bit ambitious considering that a couple of months ago you were asking how to use Yahoo search…
Find that post, can’t recall.
Lib, added some RSP. Again, starter position. Ahead of jobs tomorrow where I expect some movement (direction unknown). Will adjust around whatever happens…ie, DCA and write vol on the way down, maybe add or write some calls on the way up….downside to 10% on this one I suspect over nearer term, so will ‘META’ it and judiciously keep buying/writing if she moves against me…..
For a trade only, yes?
leftwing says:
October 5, 2023 at 11:16 am
Lib, stepped in front of BAC and MS ahead of earnings. Starter positions. Both getting beaten up.
May be more comfortable with the latter than former, but BAC is trading below the March SVB HTM crisis level and well into COVID lows….she may have some earnings impairment from disproportionate investments in gubmints but as a TBTF I’m willing to leg in from here on down.
Legging into longer term holds. MS is MS, I’m not smart enough to know when markets bounce back and these guys start printing again. BAC is a ‘not going to zero’ play. RSP broad market obviously, away from the Seven concentration.
I missed going in harder last Fall and in March…a bit of personal psychology, seems I’m better at managing with some position rather than none. And better at building positions on the way down than playing momentum on the way up.
At 4250 looks like short term support around 4180, could we re-visit 3800, yeah, that’s only 10% down from here. I can manage that with a start here.
Did some backtesting, if I did this ‘META’ strategy last year I’d be in somewhere around mid-3800s….I may hedge a little near term (45 days?) with some particularly weak areas, eg. XRT…
Is there a go to hell scenario out there…for sure, SPX current forward earnings around 220 or so, P/E multiples contract with higher for longer to 17x, oopsie. And that’s before any recession or contraction to the C component of C+I+G….
Trying to stick to top or safe names. Want some GOOG, another miss (did a trade, not a hold). Time to try to establish some holds as we contract.
From the People’s Republic of Wayne. This one has sort of a homey feel to it. How much does this hammer home for?
https://www.trulia.com/p/nj/wayne/95-beechwood-dr-wayne-nj-07470–2006569085
Personally, I feel as if I dodged a serious bullet on the fixed income side. I have been following the max yields on the corporate curve and staying away from duration. Also, owning individual bonds and rolling maturities.
I can only hope that September & October 2023 is going to be the big differentiator for me. I will likely get answers in January-February if my competitors fucked up (yet again).
One of the few times that you feel happy being old, crusty and around the block a few times.
Same street as above, another comfy feel if this is your thing. Final price predictions??
https://www.trulia.com/p/nj/wayne/119-beechwood-dr-wayne-nj-07470–2006552503?mid=0#lil-mediaTab
Also, go back and check out the Santelli thing (which I saw live, and Juice beat me to post it). Not so much the crazy long-term prediction, but more about how to play the next few moves around 475.
Tomorrow morning is kind of huge right now…..
Dead end street, some privacy here, another one in the People’s S0cialist Twp. of Wayne:
https://www.trulia.com/p/nj/wayne/19-meyer-ln-wayne-nj-07470–2006556706
I’m going to bet that Gates’ AI bot is going to ignore my stated preferences not to, and will still push movie suggestions to celebrate LGBTQ month, black month, Hispanic month, women empowerment month, earth day month, etc. Programmers just can’t help wokening their consumer AI products.
$150,000 down and PITI will run you $6,000 per month for this one.
Is it worth it?
https://www.trulia.com/p/nj/wayne/107-magnolia-pl-wayne-nj-07470–2006551547
Juice: was up at Chapel WF last night and had all the windows down…… was blasting this out of my car….. it was glorious….
https://youtu.be/Cv_eI50cUaU?si=YN-6bcrpMbNTimWu&t=142
Who’s the architect for this one?
https://www.trulia.com/p/nj/wayne/1086-valley-rd-wayne-nj-07470–2006551566
Chi – What did Yardeni say?
https://twitter.com/DivaJain2/status/1709736917711962527
Who’s the architect for this one?
Panorama Associates.
Capitalism:
Medical Company Gave Patients ‘Unnecessary’ Surgeries, Sued: NJ AG
New Jersey was joined in the lawsuit by New York and Georgia. The case was initiated by two doctors, the AG said.
I like Santelli, and his calls around levels are usually spot on. Should be fun tomorrow. Ready for some vol.
Did anyone read the Yadeni article I posted above?
How long before Biden fires Yellen? Does she make it another month?
The percentage of car buyers with car payments of $1,000.00 or more per month hit a record high of 17.5 percent at the end of the 3rd quarter.
Suckers. People are stupid. Seriously.
Repo man gonna be busy.
Case in point. The epitome of stupid:
Faced with a litany of criminal charges, Donald Trump on Sunday told a campaign rally in Iowa that he would prefer to die by electrocution rather than be eaten by a shark if he ever found himself on a rapidly sinking, electrically powered boat.
The former president and frontrunner for the 2024 Republican presidential nomination delivered the bizarre remarks during a speech in the community of Ottumwa. He was pontificating over batteries for electric powered boats while recounting a conversation he claimed to have had with a boat manufacturer in South Carolina.
“If I’m sitting down and that boat is going down and I’m on top of a battery and the water starts flooding in, I’m getting concerned, but then I look 10 yards to my left and there’s a shark over there, so I have a choice of electrocution and a shark, you know what I’m going to take? Electrocution,” Trump said. “I will take electrocution every single time, do we agree?”
I hate to be mean, I really do but I am who I am sometimes. Perhaps too much Bill Burr watching, or all those years listening to talk radio while driving to work.
I saw the mortgage guy and the local realtor in my neighborhood nervously chatting away while waiting at the school bus stop this afternoon. I usually stay away as I have the dog with me and I don’t wanna be known as a chatty Kathy. They were loud enough however and all I heard was it’s good to have a neighbor to talk too about this stuff. Both look like they were stress-eating a lot recently.
Going to be tough for both soon, one is too old to swing on a pole and the other too fat to swing a hammer. Now I have to go to confession…What do you think the priest will tell me?
Chi- I made a run to WF today, while stopped at a light next to the day laborers in their truck with the windows down appreciated this one..
https://www.youtube.com/watch?v=X9s_CQx4ylU
File this under “Donnie, who you running numbers for?”
https://twitter.com/richwellness/status/1710049238535557324/photo/1
Juice, Bystander, and Fast
Have you guys tried this approach in your job hunting?
https://nypost.com/2023/10/05/men-claim-to-be-nonbinary-to-crash-womens-job-fair/
Hold,
“Have you guys tried this approach in your job hunting?”
Sure, I have thought about applying as non-binary, native American disabled vet just to see if I ever get a response back. Zero response on application or even interview is basically the norm now. I summarize job market like the Rhyme of Ancient Mariner – ‘water, water everywhere but not a drop to spare’