From CNN:
US home sales surged last month, despite highest February prices on record
Sales of previously owned homes in the US unexpectedly soared in February to the highest level in a year, in a sign that buyers are returning to the market.
Meanwhile, mortgage rates edged higher this week, according to a separate report released Thursday from Freddie Mac.
Existing home sales — which make up most of the housing market and include single-family homes, townhomes, condominiums and co-ops — rose 9.5% in February from the prior month to a seasonally adjusted annualized rate of 4.38 million units, the National Association of Realtors reported Thursday. That was the second straight month of rising sales and the largest monthly increase since February 2023, according to a release.
Home sales have rebounded since dropping to the lowest levels in decades last fall as mortgage rates shot up.
Meanwhile, the median national price of an existing home rose 5.7% in February from a year earlier, to $384,500, a bigger annual rise than in the prior month. It was the highest median home price for any February on record.
Frist
Article in NYT about couple looking for house in Santa Barbara with an $600k budget….funny.
$600k? that only works in the GOP controlled south
Another soaker coming tonight through tomorrow. Looks like it’s going to be worse down the shore, but could still be looking at another 3″. Make your bad jokes now.
In Joe Bidens inflation economy that hardly gets you a shoebox.
Keep piling in invaders and printing money to support them. Hollow out the middle class. The plan is working well.
Per our discussion about the useless FBI and what they do, don’t do:
FBI agent is accused of setting up ‘revenge porn’ cameras to film up to EIGHTY victims at his home – including his ex-wife and ex-fiancée
Mark Allan Wells, 45, accused of secretly filming dozens of women for years
Joe, I say this peace and love. Trump spent just as much as Biden. They all do. Whether it’s building infrastructure or lowering tax rates, the revenue has to come from somewhere to make up for the shortfall. Or you can simply grow the shortfall, which seems to be the only outcome.
She bangs half the department, gets a taxpayer funded half mil @ 28.
Hehe.
Tennessee cop-gone-wild Maegan Hall settled her lawsuit with the city of La Vergne for $500,000 after she was fired when an internal probe revealed her raunchy romps with six male officers that involved games of ‘strip-Uno’ and foot fetish photos.
The 28-year-old was fired in January 2023 after it was first discovered that she had sexual relationships with several cops in the suburban-Nashville department – some who have been terminated, others suspended.
The rookie cop hit back in a federal lawsuit, claiming she was groomed and abused by lecherous superiors, including Police Chief Burrel ‘Chip’ Davis and Sgt. Lewis Powell, a 15-year law enforcement veteran.
The half-million settlement includes court costs, attorneys fees and expenses paid out by the city’s insurance.
The La Vergne board voted 3-1 at a special meeting in favor of settling the lawsuit.
Bezos will have none of this. He will drop a dime to his friends in Congress, they will vote on a bill in 24 hours like they did with TikTok, a process that normally takes years.
Amazon officials are rushing to improve delivery speed as the company loses millions of customers while Chinese competitors, Temu and Shein, gain popularity.
The $1.85 trillion company is showing greater concern over the competition posed by China-based rivals Temu and Shein, compared to its longstanding rivalry with Walmart and Target.
Temu and Shein, rapidly growing online retailers that specialize in cheap goods shipped directly from China, have made significant strides in the US market in under two years with evidence that they are already impacting Amazon’s business.
Temu saw its user base grow to 51.4 million in January since its US launch in September 2022, while Shein experienced an increase to 26 million users during the same period, up from 20.9 million, as reported by The Wall Street Journal.
The development of the “Project 2025” is led by the The Heritage Foundation,
an American conservative think tank, in collaboration with over 100 partners including Turning Point USA led by Charlie Kirk; the Conservative Partnership Institute including former Trump Chief of Staff Mark Meadows as senior partner; the Center for Renewing America led by former Trump-appointee Office of Management and Budget Director Russell Vought; and America First Legal led by former Trump Senior Advisor Stephen Miller.
Temu is dumping to destroy US retail. I’d even bet they are getting government funding secretly to bankroll the huge losses they must be taking.
Close the tax loophole on foreign post shipments under $800.
Interesting. SOFI article briefly discusses the phenomenon we’ve discovered here. Booming economy with fear of layoffs. Unfortunately, it really doesn’t cover the cause of it.
https://www.sofi.com/article/money-life/tale-of-two-economies-high-productivity-meet-skepticism
Anything you can find on Amazon, you can find on Temu at 1/4 of the price.
Amazon is in big trouble. Their pivot into a China factory clearinghouse is about to bite them in the ass.
Read the same thing this morning Grim on Temu. Amazon is feeling the pain. I guess America has caught on to how amazingly cheap Aliexpress is. Throw in quick shipping and it’s too good to believe.
China has figured out you don’t beat America with weapons, you pick at them away financially and with democracy.
They are teaching the American public by giving them freedom on TikTok, then letting them see how their own government is controlling them on Zukcrschmuck media.
How Bezos has been overcharging them for things he paid pennies for.
Wake up, that sh## you smell ain’t emininat’n from your own a-hole. It’s your own country shi’n on you, the middle class of America.
Close the tax loophole on foreign post shipments under $800.
Naah, let it keep coming. Us poor folks can’t afford a Birken bag, since they want you to spend 60k in other stuff in order to even look at one.
I want my cheap BYD car instead of that overpriced Tesla that requires a 7.5K tax break in order to attempt to make it affordable.
Plus, we need things from China. All of the vancomycin we use when you get a total joint replacement comes from the Peoples Republic of China.
Sorry boomer, but you have Chinese inside of you now. Sleep well.
Temu is also not a shopping app, it is an online casino built like a slot machine.
Never before in history has this kind of addiction mechanism been built into a shopping experience.
Employers today:
Group meeting today @3pm:
Your fired.
Happy Friday!!
You won’t get a BYD car for the prices they sell for in China.
US regs will easily double the price, and the weight.
We had Honda Civics that did 45 miles a gallon 20 years ago. Affordable, high quality, and green.
And the tariffs. Don’t forget those.
I asked this question a few times, no one seems to know.
Where does the money you pay as a tariff (essentially a tax) actually go?
When I was a kid I remember the Datsun B210 cars that were floating around. People laughed but they ran good.
Americans always think they are better at everything. This is not a new Gen Z phenomenon.
Where America is losing is when the middle class is eroding as fast as NJ beachfront, but with no funding to stop the erosion.
Instead it’s becoming a centrifuge-and freaky.
“Project 2025” and Temu are making us like Brazil.
Obliteration of the middle class.
Trickle down economics destroying Boeing.
Ignoring safety and quality in benefit of share buybacks
BYDs and other cheap electrics made 100% in China are now available in the EU..
https://www.youtube.com/watch?v=uEr5h6b-CHg
Which echo chamber is this trickle down economics clap trap coming from? Reagan was president 40 years ago.
I’m sure nafta, admitting China to wto and open borders which were all democrats policies have voting to do with working and middle class economics.
Germany in real trouble. That’s what happens when you get down on your knees and suck American co ckkk.
Energy cost spiking vs what they paid Russia for natural gas. Strikes. Layoffs.
Can’t afford to manufacture anything, that was their strong point.
Paying America for CNG slammed them hard. Dopes.
Never bite the hand that feeds you. Dolts.
“The only noise that I am concerned with isn’t inflation. It’s Commercial Real Estate…”
Agree, but those issues are fully in the open right down to specific addresses and bond/loan tranches. It’s usually what we don’t see that bites us in the ass….
Reagan hated the middle class. Worst president ever unless you are a rich a-hole.
Stuck a knife directly into the aorta of the middle class.
It’s bleeding out, but too stupid to see it happening.
I had a new 30 year old rudderless one. Just going through life unfocused. Heavily in debt, and doesn’t have the goods to get a high value man.
Sad I tell you.
Plus nurses are now looking for the benefit that some hospitals have, to freeze their eggs.
Plenty of men around, they just don’t want them. All think they are wife to doctor material. Worked with one the other day, the arrogance that goes with her. I can look at her as she walks away and tell you she will break 200 by the time she hits 30.
Not like HMB’s girls. Those will go for thousands of miles. Like that Honda Civic.
According to ivory tower liberals the inflation and scarcity caused by Bidens radical policies are just your imagination. The real problem is Ronald Reagan.
It’s usually what we don’t see that bites us in the ass….
Confirmation Bias.
re: “Germany in real trouble”
Ya think? Now that the Election is over in Russia their Army announced the formation of two new massive armies. Where will they get the soldiers? Conscription…..massive draft.
https://www.newsweek.com/shoigu-russia-putin-warning-west-1881669
TraitorJoe says:
March 22, 2024 at 9:31 am
According to ivory tower liberals the inflation and scarcity caused by Bidens radical policies are just your imagination. The real problem is Ronald Reagan.
One of these things is not like the other. 😂😂
Ronald Reagan was a very bad man. But so was Clinton with his NAFTA crap. Or Bush with his weapons of mass destruction that didn’t exist. Or Obama who’s nutsack must have been cut off when he couldn’t hold banks accountable, or Biden who is just a demented dotard.
I’m not partisan. I dislike all of them.
Is anyone watching the Russia/China/Iran alliance or is Travis and Taylor’s relationship more important?
Ya think? Now that the Election is over in Russia their Army announced the formation of two new massive armies. Where will they get the soldiers? Conscription…..massive draft.
When you are jammed up and have to fight a war, you do it. Ronnie Reagan didn’t like Russia’s gas going to Europe.
Please explain to me what business of that was his?
Make the Germans poor enough and you might just find them joining this alliance:
Fast Eddie says:
March 22, 2024 at 9:36 am
Is anyone watching the Russia/China/Iran alliance or is Travis and Taylor’s relationship more important?
“Interesting. SOFI article briefly discusses the phenomenon we’ve discovered here. Booming economy with fear of layoffs. Unfortunately, it really doesn’t cover the cause of it.”
Have none of the time, desire, nor need to research it but how much of the employment dark clouds are anecdotal or just run of the mill culling?
When I see these layoff announcements they are mostly a ‘normal’ culling of 3-5% of workforce, which at the very least ought to happen annually; in declining sectors or businesses; are the tail end of clearing out the ’employee warehousing’ hires from the pandemic; or other wise highly specific…
To provide anecdata on the other side, within the last six weeks…
A good friend over 60 was let go from a $100B+ listed IT company (non-SD role) and has lateralled with better comp to another $30B+ listed IT company in a similar role. Interview at new company happened within three weeks, she got her letter two weeks after. Signed, and taking paid sabbatical now.
BIL late 50s, engineer, was unhappy at current role in a private company, testing of the waters showed he was overly compensated in his current role in their current midsize city. Opened the search up a bit, offered within weeks by a $100B+ listed tech/industrial company a better managerial role at better comp in another midsize city 250 miles away. Immediate start, he begins Monday. They put their current house on market last week receiving two pre-emptive (sight unseen) at-ask bids last Friday. Accepted an offer well above ask on Sunday night. They are in the new city now looking at housing, he starts Monday. Nice relo package.
I’m not seeing it guys.
Shitty jobs, overhires, amorphous job descriptions particularly in high cost, declining QoL areas where employees have locked themselves into needing higher comp just to maintain lifestyle…sure there cuts. But how is that out of the ordinary?
Boomer and near boomer flipping jobs that quickly among large cap, high quality employers?
Blue skies baby.
Ronald Reagan believed that communism was an existential threat and did what he could to counter it. Joe Biden and his radicals believe that 50% of his own country are an existential thats and is going enduring he can to destroy them. There is no comparison.
Won’t be long before someone sells all of the American weapon technology to China or Russia for a quick buck. I’m sure some Ukrainians are doing just that.
That’s what you do when you are broke and want money.
Temu’s customers here in the US are mainly dollar store customers.
It seems every single product listings are misleading, but what do you expect for $1 to $3 items?
Anyone who says something can’t be compared/contrasted is marginalized or biased beyond belief.
You can compare and contrast anything.
TraitorJoe says:
March 22, 2024 at 9:43 am
Ronald Reagan believed that communism was an existential threat and did what he could to counter it. Joe Biden and his radicals believe that 50% of his own country are an existential thats and is going enduring he can to destroy them. There is no comparison.
Lib: Agreed the So- Fi Article does not give any explanation. Lots of conflicting articles out there on the financial state of Americans.
Americans are flush with cash/ Americans 401 k balances are dismal across all demographics.
Consumers are still spending/ Consumers are pulling back and cc/ auto delinquencies are increasing ( supposedly this is just among lower income people, but I suspect it’s making its way up to more affluent consumers.
Job market is still strong/ Layoffs continue to rise in white collar professions.
Wall Street doing well/ Wall Street bonuses lower.
Millenials and Gen Z are making big bucks/ Millenials / Gen Z are doing a no buy/ slow buy year to increase savings.
Lots of contradictions out there.
Juice; In your opinion what would Russia accomplish by going to war with NATO, and if they can’t defeat Ukraine, how can they expect to defeat NATO.
re: “American weapon technology”
We have come to find out cheap drones with a grenade dropping attachment are all you need anymore to defeat expensive military tech.
There is even a peace time purpose for it. You can delivery flowers to your girlfriend when the war is over.
For sale on Amazon.
https://tinyurl.com/3zsfctke
“ Lots of contradictions out there.”
Yes, the world is a complex and complicated place. That’s why Maga is popular, gives comfort to feeble minds
The Chinese could make 100 trillion of those in two weeks. Hehe.
Juice Box says:
March 22, 2024 at 9:52 am
re: “American weapon technology”
We have come to find out cheap drones with a grenade dropping attachment are all you need anymore to defeat expensive military tech.
There is even a peace time purpose for it. You can delivery flowers to your girlfriend when the war is over.
For sale on Amazon.
3b – You think the weekend warriors in the EU will fight? They won’t even pay for their own defense. They expect our children to defend them.
Very Stable: One could say the same for the feeble minds that believe Biden and the Democrats care about the average American. The country is full of feeble minds Democrats and Republicans.
Biden will send them. He doesn’t care about your children other than to sniff their hair.
Juice Box says:
March 22, 2024 at 9:58 am
3b – You think the weekend warriors in the EU will fight? They won’t even pay for their own defense. They expect our children to defend them.
The average American is like your average car dealership.
Same f’n mentality.
Juice: The Poles, Finns, and Swedes will fight, nor the rest of them. I just don’t see Putin declaring war on NATO, but never say never.
“Temu’s customers here in the US are mainly dollar store customers.”
Funny, I’ll be hitting them this weekend.
Only used Temu once, popped up on my IG feed and I needed ankle socks for working out and some other basic item. Figured why not and my (name brand) Nike and Wilson socks were shit, stretched and deformed after many washings.
They sent me some no-name brand, great quality. Still holding up but want more (too much laundry lol). That’s this weekend order. Plus I’ll probably actually shop for more basic items this time.
The world today seems absolutely crackers
Nuclear bombs to blow us all sky high
There’s fools and idiots sitting on the trigger
It’s depressing, and it’s senseless, and that’s why
I like Chinese
I like Chinese
They only come up to your knees
Yet they’re always friendly and they’re ready to please
I like Chinese
I like Chinese
There’s 900 million of them in the world today
You’d better learn to like them, that’s what I say
I like Chinese
I like Chinese
They come from a long way overseas
But they’re cute, and they’re cuddly, and they’re ready to please
I like Chinese food
The waiters never are rude
Think of the many things they’ve done to impress
There’s Maoism, Taoism, I Ching and chess
So, I like Chinese
I like Chinese
I like their tiny little trees
Their Zen, their ping-pong, their ying and yang-eze
I like Chinese thought
The wisdom that Confucius taught
If Darwin is anything to shout about
The Chinese will survive us all without any doubt
So, I like Chinese
I like Chinese
They only come up to your knees
Yet they’re wise, and they’re witty, and they’re ready to please, all together
我爱中国人
我爱中国人
我爱中国人
你好吗, 你好吗, 你好吗, 再见
I like Chinese
I like Chinese
Their food is guaranteed to please
A fourteen, a seven, a nine and lychees
I like Chinese
I like Chinese
I like their tiny little trees
Their Zen, their ping-pong, their yin and yang-eze
I like Chinese
I like Chinese
Phoenix – They are already there. We shipped loads of military gear over the last two years. We have 100,000 full times soldiers stationed in the EU.
There are now 10,000 US Troops on the border of Ukraine in Poland. On the other side the new military base at Mihail Kogqlniceanu in Romania on the Black Sea coast, will become the largest military base in Europe and will surpass the US military base in Ramstein, Germany in size.
That base is being built for only one purpose to house tens of thousands of US full time troops. There won’t be many kids from Germany or Belgium stationed there. Again they are mostly weekend warriors.
Monty Python on target.
Right from the opening line. What great humor.
Hehe.
Long live Eric Idle, still cranking.
Juice,
The only way Russia will defeat America is to nuke the f’n hell out of it.
If I were Putin, I wouldn’t even think of using a tactical nuke in Ukraine. I wouldn’t eve n waste one on Europe.
Just go to the heart of the one who, for years, hated you so much they didn’t even want you to sell your natural gas. That is some real hatred by Ronnie Reagan.
Keeping Russia down since the 80’s, breaking them up using your state department, helping Ukraine steal their gas they were trying to sell, surrounding them with nukes.
Sooner or later you push someone hard enough, and they just say f’ it.
“China has figured out you don’t beat America with weapons, you pick at them away financially and with democracy…How Bezos has been overcharging them for things he paid pennies for.”
AAPL anti-trust case….you have been paying a 50% premium for your app orders so that Cook and Co can skim 30% off the top from the producers of your actual product….
On big US discount retailers…..I will order certain basic clothing items online, especially since on some I have specific taste in measurements and when disclosed makes that online purchase easy.
A few years back purchased some shorts off AMZN, their private label, Goodthreads. Very good quality and material, Chubbies or Vineyard Vine quality. Quite happy, still have them. Ordered some more last summer, on AMZN there was a popup that Goodfellas is now Amazon Essentials.
Absolute shit. Blind man could see differences. Stitching, lines, and mostly fabric quality. Tissue paper. No need to even try to tell the difference between the two purchases it jumps right out at you. I’m literally afraid to wash these new ones they are so fragile. I’ve inadvertently and unfortunately made this type of mistake in the past, they are effectively disposable clothing.
These mega-cap companies are bringing their problems on themselves…
I don’t think he wants do declare war on NATO, but NATO certainly likes to get involved with wars that are none of their business, like Ukraine.
So it wouldn’t surprise me if NATO does some underhanded crap like send their troops into a war zone they don’t belong in, calling them mercenaries or something like that.
3b says:
March 22, 2024 at 10:01 am
Juice: The Poles, Finns, and Swedes will fight, nor the rest of them. I just don’t see Putin declaring war on NATO, but never say never.
I looked at this Temu thing you guys were talking about, it looks like some on line casino thing, spin , get 200.00 for buying 2 items, buy more stuff etc. Looks like quality might be decent and big selection. Will play around more with it later. I might even order something.
Funny how the US Senators complained when TikTok sent a message to everyone on the platform to call their representatives if they don’t want TikTok banned.
As far back as I can remember, and that’s a long way, I have heard references to “call your congressman” or call your local representative” when you wanted or needed something done.
Now all of a sudden with TikTok doing the same thing we have been told to do for years is suddenly criminal behavior?
The American government isn’t liking TikTok cause it is freedom. The freedom to post what you want, say what you want, do what you want. China doesn’t need to control it at all. It’s America’s own people letting freedom do it’s thing. This country likes its people dumb, illiterate, and lately, high as a kite. Those types are less likely to organize. Give them their THC, Mountain Dew, and Doritoes.
Hehe.
Phoenix,
Germany is in trouble. Yes they are! The economy is doing poorly at the moment. One big problem was using the business model of cheap energy from Russia to run their industries. This collapsed rather quickly when ‚someone‘ blew up the Nordstrom pipeline. If that had not happened Germany would have been all in on a negotiated settlement for the Ukraine in quick order. As it turned out they are paying much more for their energy needs so other costs are up as well. The other problem facing Germany is a simple matter of an aging population and falling birth rates. There just aren’t enough skilled workers. I‘m still in Germany and the view of the US is not good. Biden is seen by many people here as senile, Harris as incompetent, and Trump as a lose cannon.
3b,
I’ve purchased plenty from them. Got one bad LED light. They just gave me full credit to order another one that works fine.
Here, look at this.
https://www.productfrom.com/products/CN/Milwaukee-Tool/0/1
Chad,
We all know who the “someone” is.
And it ain’t Russia.
Europe really needs to look to the west to see who it’s real enemy is.
It’s been sleeping with them, just like I did for years.
Golly Gee Sgt Carter,
And all these years I thought Milwaukee was in the USA.
Chad: I understand from a family member that lives in Germany, that they are also concerned about the rise of the far right in the former east Germany, and big problems with integration of all the migrants/ refugees that Merkel s government allowed in.
Phoenix says:
March 22, 2024 at 9:30 am
“Reagan hated the middle class. Worst president ever unless you are a rich a-hole.”
Ignorant comment from someone who clearly doesn’t have any clue what the US and the world were like before Reagan. Pre-Reagan we had stagflation, a demoralized military and a cold war. Reagan rebuilt military morale and readiness, won the cold war (did you know there used to be a wall in Berlin?), and left Paul Volker alone to strangle inflation while taking the heat for the recession it caused during the first two years of his presidency.
Stick to whining about things you know, like how to get steam-rolled by women.
Stupid people are easy to manipulate. One way is to overcomplicate otherwise simple situations. One you break them you can pretty much get them to repeat anything you say.
Another is too patronize them and give them a sense like they have access to special information or insights that others don’t. Ask madoff. Another is to take a load of bull and wrap it in sanctimony giving them some sense of moral superiority. I see them all the time.
3B/Lefty,
Sold off half of my quite large, Amazon position with a tremendous gain. Not as afraid of Temu Emu (and Doug) as I am of the recent inflation, especially in fuel, which hammered Amazon the last time around, which is when I bought it (around 100).
Temu/Ali/etc., are fine as long as you are not in a rush. Same thing Amazon is selling, but with less than zero customer service when they fuck up. Even if you open a dispute with your Credit Card company (alway buy through them), they will lie. So you need proof of your case. They once shipped a laser printer to the wrong address. Wanted me to pay for it anyway. Included a picture. Picture was nothing like the address. For certain items, where there is massive mark up, it’s absolutely insane. For example, computer parts. Small engine parts. Kitchen utensils. Anything made out of plastic.
3B, on the polar opposites in the news. It’s like the political bullshit. First look at the source, then look at the audience it is intended for. But you know this already. In 90% of these economic articles, you can dismiss them for not pointing out obvious holes in their data. The world was turned upside down from 2000 through start of 2023. Any comparisons to that time period are garbage. When I look at charts, I ignore those three years completely. So when say, you look at consumer debt delinquency, the trajectory from 2016 to 2019 is no worse than from 2023 to 2024. Sure it’s higher. So was comparing 2016 to 2017, 2017 to 2018, and 2018 to 2019. It was way higher from 2022 to 2023 since Trump and Biden stopped printing checks for everything with a pulse, rich or poor.
https://www.newyorkfed.org/microeconomics/hhdc
SGC,
Yeah, I know all about Reagan. He was a DOUCHE.
I was around during that time period princess. I lived it. I watched Walter Cronkite on my B&W cathode ray television set.
He, like Obama to the Democraps, were not heroes to the American middle class.
Meant 2020 to 2023.
Toodles all. Off to AC to make some weekend money.
3b – You will find allot of bait and switch and outright fraud. They many times cannot even delivery the product for months. They make and warehouse nothing. They really are a drop shipper, but have opened some warehouses here in the USA.
https://www.marketplacepulse.com/articles/temu-marketplace-launches-in-the-us
“I don’t think he wants do declare war on NATO, but NATO certainly likes to get involved with wars that are none of their business, like Ukraine.”
B-b-b-but we must go to war with Russia in Ukraine to prevent us from going to war with Russia!!!
“We have 100,000 full times soldiers stationed in the EU. There are now 10,000 US Troops on the border of Ukraine in Poland.”
Not there to fight, just to mark an (actual) bright red line. Russia kills US soldiers on NATO territory, it’s over folks. That’s all that was needed for deterrence. Nothing more.
“I‘m still in Germany and the view of the US is not good. Biden is seen by many people here as senile, Harris as incompetent, and Trump as a lose cannon.”
Love the Germans. Their entire lack of empathy and emotion yields crystal clear practicality and truth. Dark but correct people.
There’s your deterence
3B – Delcare war on NATO?
No..
Special Operation to liberate the land between Kallingrad and mother Russia?
Yes..
https://www.themoscowtimes.com/2024/03/21/russia-accuses-lithuania-of-blocking-commercial-traffic-a84562
American Youth.
https://youtu.be/BkjbASvjOB0?t=56
“And all these years I thought Milwaukee was in the USA.”
Bought a small GE electronic product off AMZN. Labeled as such (branded GE) and ‘sold by’ as well. Researched origin, a Midwest company the subcontracts GE consumer products to them who source the product from Chinese production…
“TraitorJoe says: March 22, 2024 at 10:58 am”
Post of the week/month…
Describes every neighbor I had in NJ with the virtue signaling lawn signs…
“Hate has no home here!”
Gee, glad to hear that…..
LOL. Stupid simple minded manipulated fucks.
10:58 Reagan was Wall Street’s guy. Don, his chief of staff called the shots.
Reagan, a B list B movie actor just read his lines. By all accounts he was a decent person that had a folksy charm.
Regan has been dead for 30 years. Back then we were only running deficits of 80-100 billion a year. They at least pretended to care back then.
Deficit is projected to be $1.86 trillion for 2024 already, and $800 Billion for just interest. This isn’t for Covid spending either, and the economy is supposed to be roaring too.
Next downturn is going to be a whopper………… At least Powell and the Fed can head back down to Zirp again..
Luluemon takes a hit today…
I guess when every single woman of any size or shape already owns 39 pairs of yoga pants the market does not have anymore room to run.
Nazis don’t like migrants?
3b says:
March 22, 2024 at 10:55 am
Chad: I understand from a family member that lives in Germany, that they are also concerned about the rise of the far right in the former east Germany, and big problems with integration of all the migrants/ refugees that Merkel s government allowed in.
“Reagan proved that deficits don’t matter,” Vice President Dick Cheney said when the Bush administration sought a second round of tax cuts in 2003. This fits with a rich tradition of conservative tax-cutters abandoning deficit hawkery when they want to hand money to favored groups.
Juice Box says:
March 22, 2024 at 11:53 am
Regan has been dead for 30 years. Back then we were only running deficits of 80-100 billion a year. They at least pretended to care back then.
Deficit is projected to be $1.86 trillion for 2024 already, and $800 Billion for just interest. This isn’t for Covid spending either, and the economy is supposed to be roaring too.
Next downturn is going to be a whopper………… At least Powell and the Fed can head back down to Zirp again..
Stable – it’s like you lie in wait to under a bridge to strike at any opportunity to knock republicans.
I am not for either party. If you haven’t learned that from me by now you never will.
The budget this year is by far more filled with pork than any year previous. 6,000 earmarks in the bills…wait wait, you might be thinking, as you lie in wait under your bridge….looking for the next opportunity to strike….
Didn’t Congress ban the use of earmarks when the tea party controlled the congress? Yes, it actually happened. But like fiscal responsibility and concern about ballooning deficits and interest, those efforts to limit any spending are long gone now. Pelosi and the democrats voted to reinstate earmarks in 2021, and well the republicans soon followed suit they need their pork projects too.
Mass immigration is the existential threat of this era. The idea that you can pin resistance to it on racism is an appeal to stupid people.
3b, Biden is doing the same thing Merkel did in 2015 reference migrants (some would say illegals perhaps), but Biden is doing it on steroids. The vast majority that Merkel let in are on public assistance, not working, and not integrated into society. Many reasons for this- no skills, not speaking the language fluently, coming from a culture with a totally different mentality/culture/religion, etc. The AfD, Alternative für Deutschland, is a right wing political party that has done well in recent elections. The funny thing with the former East Germany (DDR) is that they always said no Nazis were there. During WWII all the Nazis came from West Germany. Hahaha. Of course now much of the anti-immigrant and racist violence comes from the former DDR. Go figure.
ROFL _ Guess Donny will have some cash soon.
If you really want to hurt Trump start shorting the new stock symbol DJT….
“Donald Trump could net a $3 billion paper windfall after shareholders of Digital World Acquisition Corp. (DWAC) voted Friday to merge with his media business.
It comes at a critical time for the former president as he struggles with hundreds of millions in legal judgments and a 2024 campaign fundraising shortfall ahead of his rematch with President Joe Biden this fall.
The deal may not, however, solve that immediate cash crunch for Trump, who may not be able to quickly convert his shares to cash.
Stakeholders are likely to be subject to a lock-up period of about six months where they are not allowed to sell or transfer shares unless the company’s board votes to make a special dispensation.
The vote to merge the blank check company with the Trump Media & Technology Group came during a special meeting of DWAC stockholders. The now-approved plan will allow Trump’s company, which operates the Truth Social social media site, to take over DWAC’s listing on the Nasdaq within days or weeks.
The combined company is set to be renamed after Trump’s company and change its ticker symbol from DWAC to DJT, the former president’s initials.
Trump himself is set to receive a stake in the combined company valued at over $3 billion. Digital World’s current stock price, which ticked down Friday, has nonetheless more than doubled this year as Trump has become the presumptive GOP presidential nominee for the third time in a row.”
https://finance.yahoo.com/news/donald-trump-is-set-for-a-3-billion-paper-windfall-it-may-not-solve-his-current-cash-crunch-150305891.html
Mass immigration is good..
The government projects the immigrants will add 7 trillion to GDP over the next 10 years.
The government says they are actually more likely to work than native-born counterparts…… That is actually something I agree with, as I watch the Central American immigrants put on a new roof, siding and windows in my neighbors house this week. There were no young native born Americans on that crew. Not a single one.
Is that right or wrong? Deport the layabouts? Starting with anyone trying to make money on drop ship informercials and Tick Tok likes?
https://www.washingtonpost.com/opinions/2024/02/13/immigration-economy-jobs-cbo-report/
I downloaded Temu a couple weeks ago. Terrible from the start, trying to pop up some game, spin for a discount. Looks like a dream come true for the 85 IQ crowd looking for the cheapest crap. Searched a few minutes for things I know, like how cheap can I find a golf club, bag of clubs, or putter. The stuff there was cheap but crap, no name stuff. Like you increasingly find in Amazon, but even lower level. More like Ebay where you can find some copies of brand name stuff with the brand name removed for 1/4 the price. Much slower shipping of course. 11 days seems standard.
I think they want to pull you in for the first deal you actually want, then hope to alert you non-stop about promotions.
“Shop like a billionaire” is the most inappropriate slogan of all. More like “shop like a poor and stupid slot machine addict”.
Trump might have to call JG Wentworth at 877 Cash Now
https://www.youtube.com/watch?v=YEgayksmNng
BREAKING IN WASHINGTON: Republican Congresswoman Marjorie Taylor Greene says, “I filed a motion to vacate today… This is basically a warning…to find a new Speaker of the House.”
Biden is seen by many people here as senile, Harris as incompetent, and Trump as a lose cannon.
Release the Kraken!!
Phoenix says:
March 22, 2024 at 11:06 am
“I know all about Reagan…not heroes to the American middle class.”
No, you don’t. And yes, he was. The post-war manufacturing economy that built the middle class had already been hollowed out by the time R was elected in 1980. The people most affected by that were being absolutely crushed by stagflation through the late-70’s, and were demoralized by the sad state of affairs left by Jimmy C — the worst prez of all time prior to Oblama and Biden. R won 49 states in the 1984 election so yeah, the middle class loved him.
In fairness to you though, you are an equal opportunity hater.
SmallGovConservative says:
March 22, 2024 at 12:57 pm
In fairness to you though, you are an equal opportunity hater.
😁
Very Stable : And Millburn NJ does not like low income people living with them.
Juice: They certainly work hard, no doubt about that. I know some people ( white) who have basically never really worked at all, with the exception of a few years. Basically have sat home for years and do nothing.
However, with the migrants/ illegals how many can the US absorb, how many roofers, landscapers etc needed? How will the latest wave impact the salaries of those who have been here for years? None of these issues are being addressed.
Temu can only sell you cheap stuff. Now you need someone cheap to fix your abode to keep all of your Temu stuff. Haha.
However, with the migrants/ illegals how many can the US absorb, how many roofers, landscapers etc needed? How will the latest wave impact the salaries of those who have been here for years? None of these issues are being addressed.
Americans started this country owning slaves.
It wants to get back to it’s roots.
Illegal migrants are the closest it can get to chaining up people for cheap labor without actually chaining them.
Or the clean “i didn’t do nuttin’ ” approach, outsource your slavery.
What I dislike with the immigrant/illegals situation in the US is the dishonesty of the US government. Making comments that there is no crisis at the border, actually flying some illegals into the US, and ignoring US laws and having an open border policy. There is no transparency with the public. The administration does not have the consent of the governed on this issue.
As for myself I plan on applying for German citizenship once I meet all the requirements. This will give me freedom of movement around the EU. It appears the US is on a downward spiral from my vantage point. Not sure if the EU is that much better though.
State Farm is NOT there: California’s largest insurer will discontinue coverage of 72,000 homes in the state over inflation and risk of CATASTROPHES like wildfires and floods
California ‘s largest insurance company will stop offering insurance to 72,000 homes across the state due to the increased risk of natural disasters
Coverage for the 30,000 houses and 42,000 apartments effected will cease this summer
It comes just months after the insurance giant said it would also stop taking new applications for coverage from homeowners in the state .
Here is where State Farm is:
https://youtu.be/bTNiweGySc4
An immigrant that dislikes immigrants
It was until it listened to it’s puppet master the USA. Bet they have had Pegasus installed on every politician in the EU and have dirt on each and every one of them.
Yesssirrrr….
Chad Powers says:
March 22, 2024 at 1:23 pm
It appears the US is on a downward spiral from my vantage point. Not sure if the EU is that much better though.
I guess having a home that is not insurable might drop the price a bit.
Kudos to State Farm and other insurers who are going to make homeownership more affordable for all of us.
Well, those who can buy houses for cash and do their own home repairs that is…
😁😁
Reagan was neither as good or as bad as he was made out to be.
His first campaign was pretty revolutionary. Early days in politics he was much more libertarian, and he had a great knack for converting ideas into folksy, common sense sayings or stories, like his story about the peg-legged pig, or his joke about “I’m from the government and I’m here to help”. So he was a warmer Barry Goldwater at a time when the failures of big government was becoming more obvious to more people.
But ultimately he didn’t live up to his early libertarian rhetoric. Whether it was political calculation or emotional softness, he really didn’t cut back the welfare state much, arguably Bill Clinton cut more. He cut taxes, he increased military spending, and he let welfare spending continue to rise, other than more people working meant less welfare. His deficits were much more about spending than taking in less government revenue. Tax rates fell, but those tax reductions of the 80s also cut out a lot of tax loopholes that people and companies were using to avoid actually paying those headline tax rates. High rates plus loopholes had actually led to companies all doing what the government was steering them to do – basically using the tax code to direct behavior, often very economically inefficient things.
David Stockman was a libertarian-leaning guy in Reagan’s OMB who basically got fired because he was disgusted by the lack of government spending cuts that he thought would be happening.
After Reagan got shot, he came back weaker.
Anyway, most intellectuals hate Reagan just as they hate Thatcher, even while benefitting from the great improvements they made to their countries.
He was a mediocre actor and somehow appeared in 50 movies. No much relevance there either
BREAKING NEWS!
Catherine, Princess of Wales, was diagnosed with cancer and is receiving chemotherapy, she announced in a video.
Friday, March 22, 2024 2:04 PM ET
The princess described the news as a shock and asked for “time, space and privacy.”
“Mass immigration is good..The government projects the immigrants will add 7 trillion to GDP over the next 10 years.”
Unusually broad statement from you…
Obvious question, let’s define ‘good’, and especially for whom.
In evaluating your statement at the very least immigration ought to be ‘good’ on a per capita basis, especially for current citizens. Otherwise, why support it? Or any policy for that matter?
And, why is ‘more’ always ‘better’? Never understood this mentality. NJ is a case study where ‘more’ made something that was ‘good’ into something less livable….or, if you disagree, let’s just keep adding ‘more’ people and economic activity into your suburbs in 4+1s and COAHs…because all that ‘more’ makes your current standard of living so much ‘better’…/s
re: “Unusually broad statement from you…”
Not really. The future American real housewives don’t want to work or have any kids. They are all on Ticked off Tock kvetching about how men are horrible and will never live up to whatever level of mediocrity they expect.
The median age in the USA is now over 38, and the child population is expected to shrink. About 22% of the population is under 18 and that is expected to shrink considerably. Millions of less people…
Where are we going to get the young workers necessary for our level of 1st world society to function? Robots or Bio-robots? I think we all know the answer.
Grand Old Party or Brand New MAGA. 28 minutes of rational drama free discussion on where we are.
https://fluentknowledge.com/podcasts/contrarian-conservative-charlie-sykes-on-the-purple-principle/
My new crazy neighbor who has remodeled his million dollar house down to the bones and replaced everything just had a delivery of pallets of new armortech pavers. Seems he is going to rip up the old paver patios and walkways, stairs etc and replace them. I’d say he is approaching $300,000 in renovations. All this just to live next to me? I haven’t even picked up the sticks in the backyard yet.
One more week until my Caribbean vacation. I am already checked out….
Juice, let me know when you go on vacation. I’m going to come in and establish squatters rights on your property.
Why can’t they just add 7 trillion to their own countries GDP?
Juice: There might not be that many jobs in the first world society we live in , in the future. So we may not need as many people. My question is and has been, west is the plan for the millions who have entered this country illegally or migrants or whatever one wishes to call them, and how many millions more? Again, no one is addressing this.
We know that many Americans in spite of what they say in public don’t want low income/ poor people in their cities and towns, native born or illegals. Just look at Millburn proudly Democratic town, and yet they don’t want 75 low income housing units in their town.People will just skip over that.
Juice: Maybe housing is the new 401k? Of course all those improvements the guy is spending money on will be outdated and or old in 5 to 10 years.
3b – There is no plan for the millions born here now that don’t work either. There are 7 million men alone between the age of 25 and 54 years old who are not working or even looking for work who have dropped from the workforce. These are not counted in the unemployment stat at all.
The BLS surveys say these men dedicate those hours where they should be working to leisure time and relaxing, playing video games and watching TV. The same surveys also say they are not taking care of their own children either.
Deport those fuckers and bring in people who want to work. There are something like a million jobs available in the manufacturing sector alone that cannot be filled.
We won’t tolerate people who immigrate here for work, but tolerate the layabouts because they were born here?
Nicaraguans and Salvadoriasns tried but Reagan sent Oliver North to stop them.
BRT says:
March 22, 2024 at 2:54 pm
Why can’t they just add 7 trillion to their own countries GDP?
Juice: I agree. And as I said I know a few, and some women too. I don’t know how some are doing it, but it appears they are.
How many of our native born layabouts are on the dole and food stamps ?
My question still is how many immigrants and what is the plan? Some of them will end on welfare and other programs, plus our native born already on government benefits.
And, where will they be housed? As I said no one in government is addressing these questions/ issues . The Republicans, say they don’t want the illegals/ migrants, the Democrats say they do, but we just don’t want them near us.
“Where are we going to get the young workers necessary for our level of 1st world society to function?”
Why are more young people needed for us to function as a first world society?
Weird statement…supply of workers will rise as wages do….especially given this statement from your reply…
“There is no plan for the millions born here now that don’t work either. There are 7 million men alone between the age of 25 and 54 years old who are not working…”
We don’t need MOAR, especially when what we have is nearly dysfunctional.
There is nothing wrong with being Britain, Switzerland, or Austria. Matter of fact their standard of living knocks it out of the park relative to much of ours.
There is little positive correlation, and very possibly inverse correlation, to current citizens’ well being and mass immigration.
And, it seems, those countries with the fastest growing populations are beyond third world…
https://www.cia.gov/the-world-factbook/field/population-growth-rate/country-comparison/
“BRT says: Why can’t they just add 7 trillion to their own countries GDP?”
Best answer.
And I would add use those newfound earnings to buy desirable American goods and services, produced here.
“As I said no one in government is addressing these questions/ issues . The Republicans, say they don’t want the illegals/ migrants…”
Question asked, question answered.
Who is this Rico person AOC keeps talking about? I wonder if this is the same guy who dealt dime bags out of his corner store in West New York.
Part of Corn Pop’s gang. He’s not going to bother AOC, SlowJoe will tell you he kneecapped him.
My kid bought some clothes off temu and SHEIN. Low quality. So bad he deleted the app.
Does anyone remember the book ‚The End of Work‘ written by an economist who argued that in the future society just wouldn’t need all that many workers due to automation? Maybe we are at that point. He said the challenge for both government and society is providing for those who aren’t needed in the workforce. Add in AI nowadays which is going to effect practically every profession in some manner.
Left: Understood. It was rhetorical on my part.
40 killed and more than 100 injured after an attack by on a theatre in Moscow. No one has taken responsibility for the attack yet. Some sources say the gunmen may be barricaded somewhere in the building.
ISIS is now claiming responsibility for the attack.
I have a feeling you have a problem with how El Salvadorians are running their country now
Chi. Holy cow, you look at the ECACs?
Qpac shut out this afternoon… please Red do not lose tonight to the 40th ranked team…You are basically being handed the conference championship and a ticket to the dance.
Rate cuts yesterday: Switzerland and Mexico. The cycle begins anew.
Roaring 20s 2.0…but nothing goes straight up. There will be a correction so we can fly to new highs.
Left: Fucking insane
https://cornellbigred.com/sidearmstats/mhockey/play-by-play
Stonehill was seriously 1-33-0?
https://www.uscho.com/rankings/pairwise-rankings/d-i-men/
jj Lives (Colorectal Edition):
Live 12-inch eel removed from Vietnamese man’s abdomen after it slid up his anus
Fast Eddie says:
March 22, 2024 at 4:08 pm
Who is this Rico person AOC keeps talking about?
https://m.youtube.com/watch?v=9Q1GFsaeBIU&pp=ygUKcmljbyBzdWF2ZQ%3D%3D
Michael says: December 30, 2013 at 11:44 am (https://njrereport.com/index.php/2013/12/30/optimistic-on-home-prices/#comment-627112) Eddie, honestly how much lower do you want houses to go. Houses usually go up every year as long as there is inflation. When you have houses go down for 5 years, you have to also account for how much they should have been going up in the equation. What I am getting at and you fail to understand, is that houses really are at a great price right now in haughty nj towns. They have had their huge drop. In 2004 , try to find a house in wood cliff lake or some other haughty north jersey town at 600 or 700 thousand. Ridgewood was selling cap cods for 600,000 back in the bubble. Now you can get houses on the upper side of Ridgewood for 800,000!!! That’s not a deal for you? This house would have been going for 1.4 in 2005. I don’t know why you think it’s going to go lower. Right now in my area of wayne, you can get houses (viscaya/pines lake) for 800,000 that were going for 1.3-1.4 million. Come on
Eddie, another 50% drop and ghetto people will be able to move up to nice neighborhoods.
Man, I was laughed at for being absolutely correct 10 years out. Epic calls on this blog.
Eastern NJ is getting hammered by rain this AM.
55 db is like being drowned in a river.
BRT – You might have some competition for squatters rights at my place.
“A migrant TikToker with a 500,000-strong online following is offering his comrades tips on how to “invade” unoccupied homes and invoke squatter’s rights in the United States.
Venezuelan national Leonel Moreno, who appears to live in a suburb of Columbus, Ohio, said in a recent video that under US law, “if a house is not inhabited, we can seize it.”
https://twitter.com/nypost/status/1770798552358269152
Rainfall guages here shows .89 in the last six hours. No winds yet….
https://www.weather.gov/phi/rainfall-monitoring
A New York Bill Seeks to Reduce Natural Gas Use.
Yeah, we want to compress it and ship it to Europe for a profit.
😂😂😂
Let’s go RED!!!
Re: Stonehill (who?!) yeah, chi, we’ve spoken about dilution of D1 hockey before with all these schools piling in…
Like the Karens who continually try to ruin competitive NJ youth hockey so they can say their kid plays ‘Tier 1’ everyone needs a trophy these days….
I remember ten years ago all the hand wringing around Penn State moving from the non-NCAA ACHA to D1, whether they were ‘ready’…
Skepticism around Penn State (!) with their overall sports history, a decent enough university overall, a billionaire backer dropping a cool $100m for an on campus rink, and a solid history of ACHA championships and D3 competition before even considering the move…
There really isn’t enough hockey talent going through the NCAAs to support a plethora of teams and keep conferences competitive (recall, Canadian Major Juniors is your best NHL entre).
Tough enough as it is now without many more no-name schools jumping in…
Leftwing – Lil Gator has a HS teammate who played many years of Tier 1 hockey. He deferred college for 2 years to play juniors in NE and I think his best college offer now is to play D3 at SUNY Plattsburgh. Lil Gator says he is leaning heavily towards punting and playing D1 or D2 ACHA club because WTF will he do for 4 years in Plattsburgh when he isn’t skating?
I have no issue with the NCAA men’s hockey expanding as long as the teams entering are qualified. Though tier 1 is as diluted as ever as most parents feel the need to keep up with the Joneses, there is definitely more talent coming up then there used to be just from more kids being on the ice with those extra practices and games that tier 1 players endure. I actually prefer the college route over Juniors since you actually get a degree. The college kids in the NHL always come across more intelligent than the Juniors. And how often do these juniors get pushed up to the NHL too early where the college kids tend to stay four years (not always, but they all should). Look at Luke Hughes. He is complete garbage in the NHL. He should have skated two more years in Michigan. Again, these college programs have to start somewhere. If you can win club div 1, then that’s a good starting point. Even if they will be a doormat for a while playing with the big boys.
Maybe if they treated genders equally she would have been drafted and not flattened one of our best, only to try and avoid a penalty as well.
Who falls asleep at 12:30 in the afternoon other than Wine Drinking Stay at Home Mothers?
Female Ukrainian refugee, 23, rejects plea deal for striking and killing 17 year-old Team USA cyclist with her car ‘after falling asleep at the wheel’
Yeva Smilianska, 23, is facing reckless driving resulting in vehicular homicide after she hit champion cyclist Magnus White, 17, while falling asleep at the wheel
During the court session on Friday, Smilianska’s defense attorney requested a delay to facilitate the review of the extensive 70 hour body-cam footage
The request was granted by Judicial District Court Judge Patrick Butler, and Smilianska did not enter a plea at that time
Citadel’ s Griffin says US debt is approaching borderline insanity. Fed getting an earful on their listening tour on how high rates are strangling they economy. High rates? Rates with a 5 handle and that’s high?
3b -You should know this everyone talks their book. He cannot get the leverage he must have? Lower rates or else?
Why exactly? Ken has swimming pools full of money and some of the most expensive properties in the USA from his 27 acre property in Palm Beach to one of the most expensive pieces of real estate in NYC the penthouse at 220 Central Park South.
If Ken thinks it’s crazy now, just wait until someone shows him a chart of where it’s going to be five years from now! /s
Guys, five years flies by like this *snap*.
Separately, disagree with Temu and Amazon comparisons. Yes, you can buy the same szyte on Amazon that you can find on Temu but why would you? It’s lowest quality stuff from some cancerous province. I buy cat food, snorkels, food prep stuff, and US made tools on Amazon. You won’t find this on Temu. Amazon can cater to the Temu crowd, but there’s better ways to utilize Amazon than to buy Temu type stuff.
Juice: I know that, Griffin was talking above the debt , not interest rates. The amount of debt is staggering, but some say nothing to worry about; it’s all grand. The second part of my comment was regarding a Fed listening tour as they call it from various parties complaining how they are being “strangled” by current rates. I don’t know where Griffin stands on current rates, but I am sure to your point it would benefit him.
REEEEEEDDDDDD!!!!
Hey unemployed American, please come to lovely Mexico and enjoy an exciting career working on one of our many beautiful farms.
A bachelor degree is required. 3 years minimum experience of doing something not lazy. References required. Background and credit check will be performed.
We offer health insurance with discounted medicine from one of our local pharmacias.
Please send your resume to: Americangetoffyourassfarms.mx.
Mexican farmers are now calling for a major guest-worker program of their own. The government is taking the first step, planning to soon open a database of 14,000 jobs in agriculture and other sectors to non-Mexicans.
For decades, Mexicans crossed the border to pick Americans’ lettuce, grapes and strawberries. Mexico had a seemingly inexhaustible supply of farmhands — tough, hard-working men who did the jobs most Americans didn’t want.
But the country is running short of farmworkers.
The workforce is graying; nearly three-quarters of Mexican campesinos are over 45. Young people are turning up their noses at farm jobs. And those willing to do migrant work have other options. Nearly 300,000 a year travel to the United States on seasonal agricultural visas, a fourfold increase in a decade.
“They’re taking a significant percentage of the available workers,” fretted Aldo Mares, a farm executive here in Jalisco state. He’s had to scramble this season to find workers to pick his juicy strawberries, blackberries and raspberries.
Texas wanted to secede from the USA and join Mexico.
Mexico refused, said they don’t want any rednecks in their country.😁
8:13 Next Up Only Fans