From the NYT:
Rates Are Jumping on Wall Street. What Will It Do to Housing and the Economy?
Heather Mahmood-Corley, a real estate agent, was seeing decent demand for houses in the Phoenix area just a few weeks ago, with interested shoppers and multiple offers. But as mortgage rates pick up again, she is already watching would-be home buyers retrench.
“You’ve got a lot of people on edge,” said Ms. Mahmood-Corley, a Redfin agent who has been selling houses for more than eight years, including more than five in the area.
It’s an early sign of the economic fallout from a sharp rise in interest rates that has taken place in markets since the middle of the summer, when many home buyers and Wall Street traders thought that borrowing costs, which had risen rapidly, might be at or near their peak.
Rates on longer-term government Treasury bonds have been climbing sharply, partly because investors are coming around to the belief that the Federal Reserve may keep its policy rate higher for longer. That adjustment is playing out in sophisticated financial markets, but the fallout could also spread throughout the economy.
Higher interest rates make it more expensive to finance a car purchase, expand a business or borrow for a home. They have already prompted pain in the heavily indebted technology industry, and have sent jitters through commercial real estate markets.
…
Policymakers have continued to watch banks for signs of stress, especially tied to the commercial real estate market. Many regional lenders have exposure to offices, hotels and other commercial borrowers, and as rates rise, so do the costs to finance and maintain the properties and, in turn, how much they must earn to turn a profit. Higher rates make such properties less valuable.
“It does add to concerns around commercial real estate as the 10-year Treasury yield rises,” said Jill Cetina, an associate managing director at Moody’s Investors Service.
first
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.
We’re swimming in money in the NY/NJ/CT area, it doesn’t matter here. This is like a $250 per month payment for the Deplorables.
Policymakers have continued to watch banks for signs of stress, especially tied to the commercial real estate market.
Not an issue for the North East. We’re converting to condos/townhouses and generating three times as much in sales and tax revenue. The wealth here is staggering. Ultimately, the children benefit the most. Remember, a well-paid teacher and police force provide a safe learning environment where no child is ever left behind.
I guess never enough for the likes Menendez ….
Jobs 336,000. WTF???????
Ten blasts through 480
Ten 484
Upside revision to prior months
30yr. rate at 9% on deck. NY/NJ area buyers shrug, bid higher on 3/2 shacks with calls from their $1,000 per month Ford Explorers.
Mere flesh wound
Closed on one of my parents houses. 9 handle in Clifton.
Ten 488
Beer – RE: “Have you guys tried this approach in your job hunting?”
I don’t look good in heels. Flats maybe…
Oh boy…this chit is f/ed. Fed is screwed.
Chicago says:
October 6, 2023 at 8:30 am
Jobs 336,000. WTF???????
Offff Yellen went there.
How Yellen sees it
The concern that Yellen recalled from the 1990s, she told the Fortune conference, “was that the bond markets were driving the Fed’s behavior, and that they would continue pushing the Fed [to raise interest rates] to the point where the economy would fall into a recession.” But she emphasized that she doesn’t “honestly think that that’s the case” today.
Yellen believes investors are simply trying to discern what interest rates central banks worldwide will need to maintain to ensure inflation doesn’t rebound. If anything, in her view, the recent spike in the 10-year Treasury yield is a sign of the economy’s resilience in spite of rising interest rates, not a protest against fiscal or monetary policy by bond vigilantes.
She argued that the bond market is reacting to strong consumer spending and a stabilizing housing market. “The economic resilience that they [bond investors] see may suggest higher for longer [interest rates],” she said, arguing that may be why the 10-year Treasury yield has surged this year. “But we’ll see.”
https://finance.yahoo.com/news/janet-yellen-man-invented-term-212746850.html
Nice job.
Grim says:
October 6, 2023 at 8:53 am
Closed on one of my parents houses. 9 handle in Clifton.
Capri pants Juice with those flats. Pixie haircut and white collared shirt. Hired baby!
Nice Wile E Coyote u-turn on rates and futes there….VIX taking a little pop, I’ll add some equities and likely write a bunch of puts on the back of this vol if the chains make sense…
BREAKING
BLOW OUT JOBS NUMBER
Payrolls up 336,000 versus an estimate of 170,000
Futures sinking, yields rising again
Closed on one of my parents houses. 9 handle in Clifton.
Let it ride!!
Dark Brandon does it again!
I remember 10 years ago, I was laughed at for saying that houses would climb to close to a million in the 2020s….well, here we are.
Is anyone having prescription issues? My kid’s medicine has been back-ordered all month. This is after insurance made us switch to a different drug.
ROFL…
Workers are showing up for required attendance, but that doesn’t mean they’re sticking around for the full day.
More than half, 58%, of hybrid workers admit to “coffee badging,” or the act of going into the office building for their morning coffee, earning an imaginary badge for it, and then going home to work for the remainder of the day.
https://www.cnbc.com/2023/10/05/as-return-to-office-mandates-pick-up-employees-find-coffee-badging-workaround.html
BTW – update on my hunt. I am still in the final two. I will probably know today. BTW the cognitive test was fun. Nothing like taking a test designed to make you feel stupid.
CCAT – 50 questions to answer within 15 minutes.
WOOOOW! NO PARALLELS TO 2008 AT ALL, EH?
“In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes. This marks a departure from the previous multifamily financing requirement of 15-25% down payments for duplexes, triplexes, and four-plexes.”
“Expanded financing choices and easier approvals for multifamily homes”
**s://themortgagereports.com/107690/fannie-mae-introduces-5-down-payment-option-for-multifamily-homes
“Morgan Stanley says AI takes over the world in three years, so get your spot in the Breadline now.
Analyst Brian Nowak estimates that the AI technology will have a $4.1 trillion economic effect on the labor force — or affect about 44% of labor — over the next few years by changing input costs, automating tasks and shifting the ways companies obtain, process and analyze information. Today, Morgan Stanley pegs the AI effect at $2.1 trillion, affecting 25% of labor.”
https://www.cnbc.com/2023/10/02/more-than-40percent-of-labor-force-to-be-impacted-by-ai-in-three-years-morgan-stanley-forecasts.html
Tesla cutting prices again. Looks like those high interest rates are killing Elon’s business.
I looked at the 3 a few months ago, the current price online is higher, even after the price cut, by at least 2-3k.
To be more specific, model 3 performance, previously quoted $47k, online now $50k.
Was waiting for the highland, when I saw the announcement I was envisioning a $44k price and that would have been good enough to get me off the fence.
Grim –> Some fanboy is tracking it, here is the monthly price data on all Tesla models and trim.
https://docs.google.com/spreadsheets/d/1F5IQOynIawoXiJPVarLDgPQDJAdzY8b5Vamw-Vf3eSY/edit#gid=1843681657
Radicalized maga self-destroying in Congress while Democrats making America great again.
Hopefully more immigrants will help ease so much labor shortages. Economy is sizzling HOT!
Will the housing or economy crack first?
https://imgflip.com/memegenerator/Why-Not-Both
We may get that November rate hike.
Juice,
Keep in mind that Morgan Stanley more than anyone have been telling their analysts to make bombastic forecasts to win attention. Have been for years.
I was just reminiscing about an idiotic “research paper” from them in 2018 that predicted that autonomous flying cars would be a 1.5 trillion dollar market opportunity by 2040.
Maybe I need to give them a call and see what deal they’ll cut.
No One – They were first to announce their own AI, trained on all the research papers they dumped into it. I don’t have access to it but would love to give it a spin and ask about everyone’s favorite stock pick DNA.
I can vouch for the office workers sneaking out early. I hit Bridgewater mall 206/202 merge around 3:40. If I don’t get there by 4, it jams. But not on Fridays.
Apparently Biden’s MAGA now that he’s planning on building more wall.
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’
NJ EV discounts:
$7.5k Federa1
$4.0 k NJ State
$~2.0 k No NJ sales tax
Total: $13.5k off price (certain MSRP restrictions exist I believe)
I can’t believe you can now go conventional 95% LTV on a multi. This is INSANE!
The house hacking mouth breathers will just divide their monthly nut @ 8% by the remaining units and list for rent.
1987 condo when I bought my EV in 2020 the NJ rebate was a full $5,000. My understanding was that the Charge Up NJ rebate was halved, due to excessive demand. This is something that has to re upped and funded by the state every year. Is it back up to $4K?
Boomer, per website:
https://dep.nj.gov/drivegreen/affordability-incentives/
Huh. Nice. Don’t forget PSEG is covering $1,500 in installation costs related to a level 2 EV charger in your home. The refund comes in the form of bill credits.
The wall has been built by every president for decades. Dumpy did not start it, he just politicized it to point where ignorant red hat dopes will believe he started it. Seriously, ask the average voter who started the Mexico border wall and I bet 9/10 think it was Trump. Media loves playing the game too. Click bait narratives. We are not intelligent people.
What warrant? Times have changed since Ring cameras exist. Extreme language warning:
https://www.reddit.com/r/PublicFreakout/comments/1715tla/pure_golden_moment_ogden_police_try_to_violate/?utm_source=share&utm_medium=web2x&context=3
Economy is sizzling HOT!
“A poll from the Associated Press-NORC Center for Public Affairs Research published Thursday found only 36 percent of surveyed Americans approve of Biden’s handling of the economy — and only 39 percent approve of his overall performance.”
And starting January 1 the $7500 and $4000 come off at purchase. At least those that qualify
Left: we go right back to Santelli’s 475
Market running up on hot job report….lmao. Prob pull the rug later on in the day. No way this should be going green, but market is not based on logic.
“Sometimes you need to take a step back:
+2.7 million more people are employed now v. year ago.
Wage growth has cooled: 4.2% y/y now v. 5.1% year ago.
(But inflation also down: 3.7% now vs. 8.2% year ago.)”
2023 Tesla Model Y + $7,500 Federal Tax Credit
$43,990
https://slickdeals.net/f/16967857-model-y-dual-motor-all-wheel-drive-48490-7-500-federal-tax-credit-for-qualifying-buyers
“Funny how investing in American workers, infrastructure, and manufacturing, while reducing Americans’ debt and health care costs leads to better job and wage growth than tax cuts for the super-rich.”
@RBReich
New model Y rear wheel drive is under 44K hence qualifies for NJ state Tax credit of 4K.
If you were looking for Model 3 RWD its good time to buy Model Y for extra $6k you get big and better EV.
Model 3 RWD Model Y RWD
Tesla 37570 43990
Destination fee 1390 1390
Order fee 250 250
Charging cable 230 230
Referrel Discount 500 500
Title fee 85 85
NJ Registration Amount 311 311
NJ Registration Fee 11 11
Final amount 39347 45767
NJ discount 4000 4000
Fed Discount 7500 7500
Out of pocket 27847 34267
VSG
You aren’t going to reduce America’s health care costs anytime in the near future.
Or ever.
Those in the industry that have any work ethic are leaving and being replaced with two thumbers.
The big hack on the 7.5K front is that you can get around the recent changes to the law (whereby it works for cars produced in the US only) is to lease the car, which qualifies it as a fleet vehicle as far as the sale is concerned, which sale sales are exempt from the origin exclusion added to the federal rebate.
People have been doing this with Hyundai. Getting the money factor rates from a trusted source, then going in and signing a lease, having the 7.5K taken off the top… and then buying the car out from Hyundai finance a few months down the line.
If you look at lease hacker, some of the ev leases are crazy. Trying to talk my wife into one when she gives her 10 year old car to my son when he gets his license. But she leaning towards a crosstrek or cx5.
11:18 polling is interesting but one…the election is still a year away….
The GOP simply cannot find their assholes with both hands and seem completely incapable of simple governance. The leading GOP candidate will definitely have a few new criminal convictions under his xtra-large belt before the election. 35% of the population are functionally illiterate.
Leasing a car is patently stupid.
Everything little Donny touches turns to shit:
onald Trump is no longer rich enough for the country’s most exclusive club. With an estimated $2.6 billion fortune, he is $300 million shy of the cutoff for The Forbes 400 ranking of America’s richest people, the annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list.
His net worth is down more than $600 million from a year ago. The biggest reason: Truth Social, his social-media business. Trump once envisioned a significant percentage of the country logging onto the platform. But that never happened. Roughly 6.5 million have signed up so far, about 1% of the total on X (né Twitter). Trump’s 90% stake in Truth Social’s parent company has plummeted in value from an estimated $730 million to less than $100 million.
Typical poll for 2024 election shows Biden and Trump both with 43%. In my mind this is not a toss up. That 14% which is unaccounted does not break the same way as the 86% that have split. Likely that almost none of that 14% are Trump voters. Enough of them will choose to hold their nose and vote for Biden that it won’t even be close.
By, it doesn’t matter. It’s a major issue at this point and it has just been ignored, and in many cases enabled. Guy needs to own his talking points or he needs to admit he was wrong.
Old,
The fervent cult members will continue to bask in his large Orange glow, unaware that Nov 2022 was preview on how majority hate his freaking guts. Younger women will absolutely crush the Rs going forward, just due to abortion issue alone. I would think enough sane on-fence voters see him as mentally-ill treasonist that he is. I don’t want Joe at all but why are idiots putting this guy up again. Move the f* on.
Interesting- Dinesh D’Souza documentary. What side of the fence does this guy play on?
https://www.youtube.com/watch?v=PC851jhTc3c
Here’s how he went from being a respected conservative intellectual to a conspiracy-minded felon.
https://www.vox.com/2014/10/8/6936717/dinesh-dsouza-explained
Lol- Is he at least playing well?
Court interrupted by trumpet player @ Trump trial
Adam Reiss
There is a trumpeter outside playing loudly and continuously and it is quite disruptive to the proceedings. Amer, the lawyer for James’ office, commented on it and Engoron responded that there’s not much they can do.
The sounds sometimes play as exclamation marks during the lull in testimony
Oh boy 2 cases down so soon?Going to be allot of tears shed.
Judge Cannon has indefinitely delayed President Trump’s classified documents trial.
Also Trump had appealed a court ruling that found he committed fraud and ordered his New York business certificates be stripped.
Any word down in Georgia?
Re: What side of the fence?
Green side, he is getting rich off his movies.
Does anyone believe Trump will see the inside of a jail cell?
Hillary on CNN basically said the deplorables need to be sent to reeducation camps.
Biden won’t be having her making campaign appearances that is for sure.
Teacher gets knocked up by 12 year old student. Guess that is one way to have a child.
https://www.youtube.com/watch?v=UY1NCFLSbys
Appeals can take years, unless a judge finds him in contempt there is no chance he will see the inside of a jail cell before the election.
Hillary Clinton expressed “regret” Saturday for comments in which she said “half” of Donald Trump’s supporters are “deplorables,” meaning people who are racist, sexist, homophobic or xenophobic.
https://youtu.be/26-VzfBZg1w?t=15
1:07 stay tuned I think it’s lord probable he’ll spend his golden years under house arrest or he’ll flee the Country. Either way his time in elected office is over. Many of His minions are all serving time however so the jokes on them.
Don’t gloat. When someone gets turned into a martyr all sorts of crazy things can begin to happen.
ExLax says:
October 6, 2023 at 1:16 pm
1:07 stay tuned I think it’s lord probable he’ll spend his golden years under house arrest or he’ll flee the Country. Either way his time in elected office is over. Many of His minions are all serving time however so the jokes on them.
Phoenix,
Let us know when the thorny walk and cross ceremony begin for the Don. I’ll be sure to watch.
By,
I don’t think his followers do it quite like that. But hey, if they do and I see it I will let you know.
I’m all for the entertainment.
Ex, this statement is rooted in ignorance.
All these discounts mentioned are deductible NOT from the total price of the car, but from the total cost over the life of lease. Therefore, you aren’t netting it out of 100% of the cost of the car but rather a third to one-half.
We live close to NYC, I don’t commute, we don’t drive much, school is a walk away. The lease on the EV in my garage is per month $147 ALL IN. Zero due at signing, zero additional payments, all docs and fees rolled into the $147 monthly payment. $147 and another <$20 in electrons to run per month.
While your statement may have been true in the past, when an uninformed party went in to lease a vehicle, in the age of the internet there are many tools (like leasehackr) which help to tilt the balance of power back in the buyer's favor.
You're welcome.
“We’ve got something of an energizer bunny economy,” says Former US Treasury Secretary @LHSummers of this month’s jobs report
One thing we know for sure; the Obammy Regime will be noted as our Ostrogoth moment which marks the beginning of the end of the United States of America. We’ll muddle along for the next century as progressive precepts slowly erode the foundation of a once great republic. The curious youth in 2123 will be wondering how we went from a pillar of strength and freedom under the Reagan Administration to a chain-smoking carnival barker hawking cheap sound bites and flawed ideas.
Dude at least include the warning.
it makes the hard landing risk perhaps “look a little greater,” he said.
FED RATE INCREASES NOT WORKING, means what more RATE INCREASES.
Eddie,
Can’t say Obama was the beginning, but he most certainly is just as much of the problems as Trump was, nor was Reagan a saint by any means.
Oceans rise, empires fall
We have seen each other through it all.
OPINION
REVIEW & OUTLOOK
Welcome Back, Bond Market
Skip the shock and horror at rising Treasury rates as traders again price risk.
By The Editorial Board
Oct. 5, 2023 6:35 pm ET
What do you know: The U.S. has a bond market again. That’s the underlying significance of the recent rise in yields for longer-term Treasurys, especially the all-important 10-year note, which is triggering a freakout in much of the financial press.
This isn’t to make light of this major economic event and its risks for the economy. But 15 or so years of unprecedented low interest rates and central-bank market distortions are making it impossible for some commentators to recognize “normal” when it arrives.
The 10-year Treasury yield this week briefly exceeded 4.8%, and as of Thursday afternoon had settled near 4.7%. This is the highest level since 2007, as you may have read. The 2008 financial panic prompted the Federal Reserve to cut nominal short-term interest rates to never-before-seen lows and to sit on longer yields by buying longer-dated Treasurys and mortgage-backed securities in the trillions of dollars.
This era is over. This means yields are rising in part because they can, since central banks finally are dialing back the monetary stimulus. This is good news.
The era of low rates and quantitative easing can’t be described as a smashing success. Central bankers and their academic cheerleaders say they spared us a Great Depression-esque deflation after the 2008 financial panic and the pandemic. But their policies badly distorted investment decisions, pumped up asset prices and fueled some of the biggest peacetime fiscal blowouts on record. Then came the worst inflation in 40 years.
Compared to that record, a modestly positive inflation-adjusted long-term interest rate—which is what the U.S. finally has—is no great threat to prosperity. More normal yields will discipline markets in ways that could boost growth over time.
Higher real rates are forcing businesses to invest in projects that will generate real returns. People take more care when money isn’t free: fewer investments in SPACs, NFTs and other exotic assets stirred up by low rates and QE; but more investment in areas that can increase productivity and real wages.
Other factors influencing the runup in rates may include worries about future inflation, or guesses (up or down) about future economic growth, or fears about Washington’s fiscal dysfunctions, or assumptions about falling demand for Treasurys in China, Japan or elsewhere.
A characteristic of a market is that you can’t always pinpoint a reason for a price movement. Investors have to get comfortable with uncertainty.
The jolt of higher rates no doubt carries risks, especially for indebted firms or projects that must refinance. Higher rates will squeeze some corners of the economy, such as commercial real estate, where bubbles developed. Some banks are carrying losses on their balance sheet if they didn’t hedge their interest-rate risk, a la Silicon Valley Bank. More cautious borrowing may slow the economy in coming months.
Higher rates are also bad news for the federal fisc, which must refinance trillions of dollars in debt at higher rates. Treasury secretaries across three administrations failed to take advantage of low rates by issuing more longer-term debt. The silver lining is that this may provide some discipline to our spendthrift political class as annual interest on the debt nearly matches the entire Pentagon budget.
These worries are causing some worriers to urge the Fed to do something. That might mean slowing the pace of quantitative tightening, by which the Fed currently lets $95 billion in maturing Treasurys and mortgage-backed securities roll off its balance sheet each month.
Yet to do this now would amount to a form of yield-curve control on the sly because the Fed would be signaling it thinks there’s a correct level for longer yields. This has failed in Japan, where the Bank of Japan continues to push futilely against market signals as investors keep pushing the yield on Japanese government bonds higher. It would also hurt the Fed’s anti-inflation credibility.
There may be financial and corporate casualties, perhaps serious ones, as the economy unwinds the legacy of unnaturally low rates. But the market exists to price that risk too. Whatever else happens, it’s welcome news that the Fed at long last is letting the market do its vital work again.
Appeared in the October 6, 2023, print edition as ‘Welcome Back, Bond Market’.
We’ve got something of an energizer bunny economy
Yes, the economy is so strong, which is why we need to bail out student loans.
ShopRite must be getting robbed blind. Self checkout is now down to 20 items or less. They also have more workers watching people scan and bag at self checkout.
Beginning of the end? GW Bush pushing thorough the worst constitutional rights violation in Patriot Act. R dopes cheering on ‘Merica killing those terrorists (cough 200K civilians) via unfunded, lie based wars. Bush ushers in low rates to save bad economy while creating the worst housing bubble in history (but now is worse). It collapses and he ushers is TBTF bailouts with TARP, creating a distorted risk free banking system where cheap rates and Fed QE are needed to save system over and over again. Obama, Trump, Biden are the Charons, floating this system along with their rhetoric.
Juice
You just need more practice shaking your money maker
Bystander
Emulate this person and you will go far
https://www.yahoo.com/lifestyle/new-biden-dept-energy-appointee-part-time-drag-queen-queer-activists-145352610.html
I think these individuals are insane to act like this is a good thing. I don’t care what the rates were for the 1900s (the norm). All I see is institutions losing 50% on bonds….aka their safe allocation of capital gone up in smoke. Right, no price to pay for that. Got it. Sure is a good thing.
chicagofinance says:
October 6, 2023 at 2:06 pm
OPINION
REVIEW & OUTLOOK
Welcome Back, Bond Market
Skip the shock and horror at rising Treasury rates as traders again price risk.
Juice
plenty of body, Cam videos of police going to ShopRite for theft on YouTube.
it’s a social problem now. Personally, I don’t care if they rob that store blind.
What was norm 5o years ago doesn’t matter now. What was norm over the last 10 years is what matters. When bond rates drastically go up in a short period of time….it’s a crisis brewing that is going to break chit. This isn’t stocks losing 50%, this is bonds!
Best part, the workers will turn a blind eye or help them steal.
Juice Box says:
October 6, 2023 at 2:20 pm
ShopRite must be getting robbed blind. Self checkout is now down to 20 items or less. They also have more workers watching people scan and bag at self checkout.
Bystander
That’s what they talk about in that new movie called police state. Watch the trailer.
Bankers are stealing. Politicians are stealing cops are stealing. Why should I give a crap about somebody stealing from ShopRite?
Juice,
Funny meme – “Three loafs are bread, milk, cheese, eggs, meat, soda. Here is what $75 gets you at Shorprite”
Reply: “Ask me how I can cut this by a thirdm using self checkout”
I realize it is bad but I also saw SR, before pandemic, over-charge people consistently. I check my bill every trip and I was at that customer desk nearly every trip. With Aldis, not one problem.
Money>Morals=America
Bingo. No values being taught out there. It’s a pathetic that people are lazy as chit these days, and instead of working, they rather steal. Laziness is a disease….bring back the puritan work ethic.
Hell, how many workers out there WFH are blindly stealing from their company by doing chit and getting paid? Of course, they don’t view it as theft. They view it as a quality of life issue, that they get paid top dollar to sit at home. Great work ethic.
Phoenix says:
October 6, 2023 at 2:29 pm
Juice
plenty of body, Cam videos of police going to ShopRite for theft on YouTube.
it’s a social problem now. Personally, I don’t care if they rob that store blind.
Bingo…everyone is stealing. It’s a joke.
Phoenix says:
October 6, 2023 at 2:33 pm
Bankers are stealing. Politicians are stealing cops are stealing. Why should I give a crap about somebody stealing from ShopRite?
How many people steal on their taxes? It’s one big chit show out there. That’s why the debt is flying high….theft at every single level of society.
Juice, Shop Rite gets exactly what they asked for. They lobbied the state government for the bag ban hoping that they could cut costs. They also removed all their hand baskets. So, if I need to pick up a few things, I don’t grab a cart, especially if it’s wet and raining. I just stick it in my bag then take it out at self checkout. Others, I’m sure they just book it. But they created this mess.
btw, the Shop Rite by me now has a sign at the entrance saying they reserve the right to check your receipt. They are a step away from becoming Wal-Mart.
Hold,
Any trip to the Village and you saw 1/2 doz. walking around. I don’t care about them. I worry about these types as I see their disgusting angry stickers on cars every day, even in bluest CT.
https://i.imgflip.com/3jyaxe.png
By, I had a friend who worked for Wakefern, the parent co. of shop rite. He recently retired from there. But he was involved in a lot of the price things. He would constantly spot errors and try to get them corrected to no avail. He knows all the hacks on how to play the system there. He spotted some guy who apparently took them for $300k on some Draft Kings deal they messed up on. A lot of times, they screw up on the pricing and it’s in the customers favor. Savvy people clean out the entire shelf when that happens. I did that once with Breathe Rite Strips as inside the strip packet had a coupon that doubled and the sale they programmed in reduced the price to zero. So, I must have hit up 15 Shop Rites. This was back when I was poor and into extreme couponing.
“I don’t want Joe at all but why are idiots putting this guy up again. Move the f* on.”
They will, lol. Chess, just let the moves play out. Since the Rs are more ‘democratic’ in their primaries than the Ds people forget that in 2016 DJT nearly had the rug ripped out from under him by the RNC. No way he’s the candidate this time around…they’ll wait until the most palatable event to his supporters surfaces to ‘regrettably’ knock him out. The fun begins when that happens, what will the Ds do with Joe? Ds only support Joe vs Trump, against anyone else they have no use for him.
“Does anyone believe Trump will see the inside of a jail cell?”
Not a chance. Nor should he. If he does we go full on banana republic as jail for opposing politicians becomes acceptable. Merrill clears a lot of business through facilities in NE FL…what’s to keep the local R prosecutor from bringing charges against Pelosi for her trades? Not a road we should be traveling.
BRT,
I can’t say that I’ve ever hit the SR lottery. I have consistently seen a sale price or failed digital coupon so price was much higher at register. Let’s face it, the far majority don’t look at chit. It is more lucrative to never fix it. If they were losing money, they would fix it fast. I like those examples though.
By, they actually don’t fix it fast without him now. He was the one who spotted everything. The high ups in that company don’t care enough. The store makes money hand over fist and so do they. I think with the draft kings thing, they were happy because it appeared to be a success with the massive sale numbers. Even though it came from one major purchaser. Nobody cares enough to analyze the full equation to figure out they lost money.
$760 billion in PPP loans were forgiven.
That’s $360 billion more than this Administration’s student debt relief program.
And, Republican members of Congress who opposed student debt relief benefited from those PPP loans.
BRT says:
October 6, 2023 at 2:14 pm
We’ve got something of an energizer bunny economy
Yes, the economy is so strong, which is why we need to bail out student loans.
I’m running for president. I’m calling it the ‘Caligula’ party. Use your imagination regarding my party platform ideology.
Yeah, secure borders, energy independence, world peace is some really wacky cult shlt. Far right extremism. Forget all that.
The lefts Open borders, unlimited abortion, child mutilation and endless war are mainstream values.
Why was the PPP put in place again? You have a problem with Congress stealing money now?
BRT you….are….an imbecile.
Ouch:
Menendez Accepted Benz As Bribe Following Fatal Wreck Caused By His Wife In Bergen: Reports
A fatal 2018 car crash in Bergen County involving his wife is what led to embattled New Jersey Sen. Robert Menendez accepting bribes to influence a criminal case, according to the federal indictment levied against him.
Ed,
I think that person in Hold’s post was in Caligula. Emperor’s sidekick or something. No rules after all.
You sound like an Oompa-Loompa from Willy Wonka.
Hold my beer says:
October 6, 2023 at 2:24 pm
Emulate this person and you will go far
Bystander,
I can’t wait to pimp the Senator’s wives when I get elected.
Executive privilege and all that shit.
Woodrow Wilson wasn’t really so great either, just saying.
don’t get me started on Buchanan….
The mistresses are hotter Ed.
BRT you….are….an imbecile.
And you’re already drunk
How many times would you have to go through ShopRite self checkout to get this haul?
Financial Controller Uses Bogus Bonuses, More To Embezzle $1M From Bergen Biz: Prosecutor
A 62-year-old financial controller from Oakland embezzled $1 million from a Bergen County-based business, authorities charged.
Happy Friday!!
https://youtu.be/M2VBmHOYpV8?si=9A9lPaDr1Yv6Y2bk
“If conservatives become convinced that they can not win democratically, they will not abandon conservatism. The will reject democracy.”
David Frum