From the Bergen Record:
Despite still dealing with low inventory, NJ saw a spike in active home listings in March
As we get further into spring, real estate activity across the Garden State continues to grow. And while our region continues to battle a lack of housing inventory and rapidly growing home prices, New Jersey still experienced a decent spike in active home listings and a minor increase in home prices in March.
The state had a total of 13,143 active home listings in March, including 9,000 new listings. This was a 14.57% increase from last year and a 10.9% increase from February 2024, according to Realtor.com’s monthly market data. New Jersey also had a median listing price of $550,000, which was 0.18% higher than last year and 0.93% higher than February 2025.
When it comes to the number of days active listings stayed on the market, listings in the Garden State typically stayed up for about 33 days. This was 8.33% less time than the same period last year and 25% less time than February 2025, Realtor.com said.
…
Thirteen of New Jersey’s 21 counties had an increase in new listings compared with March 2024, and four counties saw no change. But when compared with February 2025, all of New Jersey’s 21 counties had a more than 10% increase in new listings.
With 464 new listings, Morris was the only county in North Jersey that had a slight decrease in new listings (-0.85%) compared with this time last year. Similarly, Bergen County had 756 new listings, which was about the same as what the county had in March 2024. All of the remaining North Jersey counties saw increases.
- Passaic: 284 new listings (12.7%).
- Essex: 556 new listings (21.93%).
- Sussex: 220 new listings (1.85%).
- Hudson: 524 new listings (39.36%).
When compared with February, all six North Jersey counties saw increases in new listings as our region’s real estate market continues to pick up this spring.
- Bergen: 27.7%.
- Passaic: 40.59%.
- Morris: 54.67%.
- Essex: 34.95%.
- Sussex: 52.78%.
- Hudson: 39.36%.
Are my chances of picking up a shack on LBI for $500k increasing or decreasing?
My cousin lives on LBI in retirement. She has the keys to 25 homes near her because she’s the only one who stays on the island year round in her home in a 3 blocks area. She’s part of some boat club there. I think at this point, the entire island is filled with people who had money to burn and they ain’t giving it up.
Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil
PUBLISHED WED, APR 9 2025 8:31 AM EDT
UPDATED 37 MIN AGO
Jeff Cox
It’s official. Trump’s vengeance and vitriol have destroyed our economy and a large percentage of the countries wealth.
You were all warned. Now do as Trump say and take your medicine. Just make sure it does not include vaccinations of any kind.
To save $400B in Tarriffs we destroyed over $2Trillion in market calue.
And these are the same guys that throw a fit when a small shop in the corner is vandalized.
Let that sink in!
“To save $400B in Tarriffs we destroyed over $2Trillion in market value.”
You ain’t seen nothing yet. That number will likely double. Likewise, inflation is a coming. Yet Trump wants the Fed to lower interest rates.
Doubling down on stupidity. A second time.
I notes yesterday that retirees will be hit big, and some of you “educated” me that it’s okay since they don’t need all their cash right away or that they are diversified.
Well some data is in.
At TIAA, retirement participant calls and online account logins jumped nearly 30% since April 3 as retirement savers sought answers.
https://finance.yahoo.com/news/the-market-pummeled-401k-accounts-last-week-panic-selling-ensued-121625101.html
There is absolute panic and it will destroy peoples retirement plans.
It will be interesting to see what the numbers say about people’s fate entering the job market.
To all those who vited for Trump instead if Kamala Harris – did you make the right decision?!
Mount Sinai/ Beth Israel Hospital in Manhattan closed permanently today after 135 years.
Lib: Fed is up against the wall, they may have to lower rates to save the stock market, and if they do, then inflation picks up again, and the increase in costs do to the tariffs.
Rent, that was me. I still think that’s a very clickbaity headline. Sure, nobody wants to see their nut drawn down right before retirement, but they’re not taking out large chunks right away. They’re only back to 2021-22 levels currently, and not 100% equities.
What’s specifically interesting to me is if the market decline fear will cause (some) boomer business owners to delay exiting their privately held businesses.
What is a reasonable price floor for s&p that you guys would accept….because 5 years ago you woulda cheered for 5000. Your goal posts are moved every quarter
No worries if you have a government pension. Sleep well. Taxpayers will pick up the balance for any money your plan lost.
Oh, and the money didn’t vaporize. Those who got the text on Signal cashed out at the top of the mountain.
It’s a big club, and you ain’t in it.
BRT says:
April 9, 2025 at 10:30 am
What is a reasonable price floor for s&p that you guys would accept….because 5 years ago you woulda cheered for 5000. Your goal posts are moved every quarter
it is not a level for SP, but a direction, prospect, policy and conditions. Same with 10yr that is similar levels 2 years ago, but the conditions and policies are very different.
comparing apple to apple, US is in a much dire condition now. Don’t listen to me, but watch this https://x.com/Convertbond/status/1909714962240451067
RL, Yeah, this post is kind of important. This 15 year old girl would just disappear with this crew never to be seen again.
Creepy looking guys. Welfare check? American Stazi.
ICE trying to pick up a 15 year old girl. Lawyer saves her from the predators. Comments are priceless.
https://www.reddit.com/r/PublicFreakout/comments/1ju9wlu/attorney_protects_young_client_from_attempted_ice/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button
Still waiting for the 24 hour war in Ukraine to end.
Oh, and how is it the Russian economy hasn’t collapsed yet with 52 billion American sanctions?
What is Trump gonna do with the billions he is going to collect in tariffs? I guess if you can’t get the billionaires to pay taxes, and you want to keep supporting other governments with money, you have to bleed the general public.
Death of a thousand cuts.
Got my order from Alibaba.
AK55 amp. Great little device. Sure the ratings are a tad overrated, but it’s fine for me. BT works perfect, optical for the TV is perfect. Toslink cable for 2 bucks, amp 25.
My Marantz, 80 watt draw at idle, 2 watt draw when powered down.
Class D AK55- 2.8 watts at full volume. No draw when turned off.
Thank you China.
Good share townhomes.
There’s a podcast I was listening to – same one I pointed out yesterday, where it talks about why every investor needs to look at geographically diversifying their portfolio.
S&P will not be king for long. As the market slowly creeps back up.. there will be vesting out of S&P.
Phoenix, I know students at Rutgers who don’t have documents – for various reasons. There was recent training to faculty on what to do when ICE comes to the classrooms – which was “nothing”. Call the main line… and just let ICE do their job.
This is chilling.
I am just shocked that there is not more outrage in this forum or elsewhere about ICE picking up people.
Dark thanks for the amp suggestion. I have some old speakers and was looking for a cheap amp to setup at work with phone.
Also Vance is becoming quiet the statesman. Just insulted China by calling them peasants on Fox News. Would not be surprised to see China dumping bonds as retaliation. Not everything just enough to get guys like ChiFi to take notice
Walking,
It uses a TPA 3116. Not as powerful as the TPA 3255.
Something using that is 3x as much. One like the AIYIMA A07.
I didn’t need that much power. I have it paired to some older Infinity speakers I had.
Comes with remote also. I needed bluetooth and a toslink connection. It weighs nothing, produces no heat, has an FM radio that actually works good, USB input, and mike inputs ( I won’t be using them.)
Never paired anything on bluetooth easier than this. Cheap, but well designed.
https:// tinyurl. co m/5n6pd53x
Give me one that is reasonable. Something better than the dog ate my homework.
RentL0rd says:
April 9, 2025 at 10:52 am
Phoenix, I know students at Rutgers who don’t have documents – for various reasons.
Printers out of toner.
I escaped the sex trade.
My last name is Boebert.
Trump said I was “liberated.”
Rentlord
Why should taxpayers subsidize undocumented college kids? A US citizen living in Pennsylvania would get billed out of state tuition rate to go to Rutgers , but a non citizen without the legal right to be in the US gets in state tuition and probably aid to go to a New Jersey school is a positive?
I agree with HMB here.
Maybe we could get Boeing to make car parts?
I kid.
First, the kid had no clue when they were brought into this country at 2 yrs old (for example). The US failed to prevent their entry. Let us stop them before they enter… not now. Not 16 years later after they have established roots and nowhere else to call home.
Second, there are some kids who are still going through the immigration process that can take many, many years. Seeking asylum is a legal process.
Third, you are not subsidizing anything to a college kid… even if they get break from the college. It is a small investment to make productive hardworking taxpaying citizens who will contribute to the economy.
There is a false narrative right now that somehow these kids have robbed you of something – which is just not true. It’s the corporations with foreign tax havens that rob you of your tax dollars.
And lastly, like the non gang venezuelan guy, there are plenty of folks who are leval but cannot prove themselves – at the time of ICE showing up.
Leave the f’kin kids alone! Let them study… it’s not like going to Rutgers is a picnic. For every kid that is planning to study there are several others – both diucmented and non documented who don’t even show up to class.
RentLord, you are too naive.
Most people are p_ssi3s and are easy to buy with some comfortableness or the least don’t bother, bother the other kid that you saw with bullies in high school. There is a reason the world is overrun by thuggish authoritarians and few democracies exist. Far and few in between are the real stand up moral people, that is why there are a lot of books and movies written about those peoples. Read the Gulag Archipelago by Aleksandr Solzhenitsyn.
You wrote last night about an interesting point about what is at heart a philosophical existential issue that has been kidnapped by the right wingers into their propaganda.
Humans need a purpose. Women have their kids. Men need to overcome a challenge that gives confidence and makes them feel like Frank Sinatra “My Way” makes you feel at the end. The problem is how do you achieve that when the average person is a C student and a large chunk of the population is destined at best to be burger flippers.
This challenge has vexed society harder since the industrial revolution. that is where a mythology like religion take your pick or an economical and social ideology like communism or national socialist comes in to serves the purpose for the ruling class of keeping control those that are not above average and really can’t fend for themselves; but if not controlled would ruin the ruling class on going grift.
The best solution till now has been the middle class. President Franklin D. Roosevelt came from a ruling class dynasty and understood his social cohort and the challenge of the country during his time in leadership. He was proud that as he said paraphrasing here – I built the greatest wall against tyranny, is called the middle class.
How do you rebuilt a middle class today? Medicare For All, Universal Basic Income, Public Housing that avoid the racial angle that ruined the name, Tax the Billionaire, Military/National draft service with no excuses for heel spurs cop out.?
But the middle class wall takes away power. from those that want to run society. You notice that CCP Xi Ping is not allowing the economy to become a consumer economy. When that happens Services becomes a great part of economic transactions, services that the CCP can’t control and services that act as exponential multiplier to the economy creating a middle class that will then want a say on how things run from those that run the show because they are no longer in survivor mode.
Rentlord
Look at in state vs out of state tuition rates and you will see a major cost difference.
Someone who is undocumented attending college is taking a slot/opportunity of someone who is here legally
How can someone who is not here legally get tomworknin corporate America as a skilled office worker or engineer?
OrangeTurd just blinked. 90 days suspension for tariffs except China
Wow. POTUS is a lame paper tiger pu55y! Pathetic.
My wife always points out that a pu55y takes a pounding and asks for more, unlike the sac which is fragile af.
China being the singlemost….problematic country.
1:19, good points. The fals sense of masculinity is also because of a lack of education. Sopranos brings out that aspect of human males quite well. Tony’s daughter Works at an immigration law firm and he flips. She dates a non italian mixed kid and he flips. Sopranos capture what we are 20 years ago.
Regarding the kids –
Most if not all undocumented kids attend community college for two years, working on the side to pay for college. To earn that vet tech or other low paying job, they want a 4 year degree and transfer to a school like Rutgers (or to whichever state they belong to) … and again take loans while flipping burgers.
They do not have a rosy life like you think they do. They also cannot go back… there is no place to go. The best we can do is have them serve society and throw a few dollars at them for it. They are not the ones that you should be worried about.
The country needs to be liberated from Orban/Erdogan style dictatorship. One-man rule will not fare well for the ROW.
EU retaliated this morning and still get the 10% and 90 day pause. So the argument by Orange is a failure. His spokesgoats can paint whatever they want but 10yr auction scared the shit out of them.
The damage is done, and beyond repair, indices will go up, but 10YR will not back down.
What are you? Roger Waters?
RentL0rd says:
April 9, 2025 at 1:16 pm
Leave the f’kin kids alone!
Told you Trump was full of shit.
This is MAGA.
Good stuff….
RentLordNeedsAExpressoCoffee SurvivorModeKeepsPeopleInPower says:
April 9, 2025 at 1:19 pm
RentLord, you are too naive.
Most people are p_ssi3s and are easy to buy with some comfortableness or the least don’t bother, bother the other kid that you saw with bullies in high school. There is a reason the world is overrun by thuggish authoritarians and few democracies exist. Far and few in between are the real stand up moral people, that is why there are a lot of books and movies written about those peoples. Read the Gulag Archipelago by Aleksandr Solzhenitsyn.
You wrote last night about an interesting point about what is at heart a philosophical existential issue that has been kidnapped by the right wingers into their propaganda.
Humans need a purpose. Women have their kids. Men need to overcome a challenge that gives confidence and makes them feel like Frank Sinatra “My Way” makes you feel at the end. The problem is how do you achieve that when the average person is a C student and a large chunk of the population is destined at best to be burger flippers.
This challenge has vexed society harder since the industrial revolution. that is where a mythology like religion take your pick or an economical and social ideology like communism or national socialist comes in to serves the purpose for the ruling class of keeping control those that are not above average and really can’t fend for themselves; but if not controlled would ruin the ruling class on going grift.
The best solution till now has been the middle class. President Franklin D. Roosevelt came from a ruling class dynasty and understood his social cohort and the challenge of the country during his time in leadership. He was proud that as he said paraphrasing here – I built the greatest wall against tyranny, is called the middle class.
How do you rebuilt a middle class today? Medicare For All, Universal Basic Income, Public Housing that avoid the racial angle that ruined the name, Tax the Billionaire, Military/National draft service with no excuses for heel spurs cop out.?
But the middle class wall takes away power. from those that want to run society. You notice that CCP Xi Ping is not allowing the economy to become a consumer economy. When that happens Services becomes a great part of economic transactions, services that the CCP can’t control and services that act as exponential multiplier to the economy creating a middle class that will then want a say on how things run from those that run the show because they are no longer in survivor mode.
It sounds good as an argument from someone with moral authority. However, my 56 years, and growing up where I did and how I did, exposes these ivory tower platitudes with an incredibly cynical take. These people know EXACTLY WTF they are doing….
It is like a public figure apologizes when they are exposed. The say “I’m sorry”. But the only thing that they are sorry about is that they got caught.
RentL0rd says:
April 9, 2025 at 1:16 pm
First, the kid had no clue when they were brought into this country at 2 yrs old (for example). The US failed to prevent their entry. Let us stop them before they enter… not now. Not 16 years later after they have established roots and nowhere else to call home.
Why are we subsidizing countries other than our own?
Hold my beer says:
April 9, 2025 at 1:04 pm
Rentlord
Why should taxpayers subsidize undocumented college kids? A US citizen living in Pennsylvania would get billed out of state tuition rate to go to Rutgers , but a non citizen without the legal right to be in the US gets in state tuition and probably aid to go to a New Jersey school is a positive?
Soft power……
Dark Phoenix says:
April 9, 2025 at 2:06 pm
Why are we subsidizing countries other than our own?
I am in full agreement with ChiFi.
The problem though, is that too few of us work hard enough to rise above the middle class. Those that do tend to hate the middle class. Just look at the blacks who made it. They want to dismantle every penny of dependence. The problem is, again, too few.
Phoenix
Like Chicago posted. If we don’t china, Russia and Iran would.
Looks like Trump just cancelled Christmas. We don’t need all the glitter that goes on the tree or the plastic under.
It should be about giving and loving thy neighbor – oh wait, we are Amerika.
So all tariffs are off except for China.
No shit. It’s the only country where tariffs matter. Remember the math? We saved 20 cents each on Cambodia and $2.50 a year per person on Argentina? Why bully the world if you can’t stop your own citizens from buying cheap shit from China. But Trump thought playing the white Christian alpha male bully would help his reputation. Complete backfire. The shitshow goes on. He really should hang!
Hope some of you listened to me.
Libturd, your 2:08pm.
That is why the reason that the meritocracy fails as is. It shows in how globalization was carried out and why is now failing hard.
There was no thought on the well being of C and lower grades performers of the general population. It was all gimme, gimme, gimme I’m the smarty pant in the room.
In short, lack of Noblese Oblige always brings out the guillotine. Or in today’s term we get Mad King Krasnov The OrageTurd.
Just in time for the earnings season. Trump saved the world. That’s what he’ll say. And somehow it will be the Dems fault.
Elon trolled mercilessly while live streaming a video game on his jet is soothing for the soul:
h**ps://www.reddit.com/r/chaoticgood/comments/1ju3fsz/elon_musk_gets_trolled_while_live_streaming_path/
He kills the stream pretending to lose connection, all while his mouse glides across the screen. It’s sad, but in a schadenfreude kinda way.
Looks like the small farms are taking a big hit due to Trump’s policies.
The little individual farmers will go bankrupt, to be bought out by the large conglomerates.
Just read an article, venture capitalists now own all of the companies that make fire trucks. Guess if you want one, your taxes are going to go up quite a bit in order to pay for a new one.
During the LA fires, dozens of fire trucks sat in the boneyard, waiting for repairs the city couldn’t afford. Why? A private equity roll-up made replacing and repairing those trucks much pricier.
One of the reasons that the recent Los Angeles wildfires were so hard to contain, according to Los Angeles Fire Department (LAFD) Chief Kristin Crowley, is that more than half of the LAFD’s fire trucks have been out of service. It’s become a bit of a scandal; while fires burned through Palisades and Eaton neighborhoods, more than 100 of the LAFD’s 183 fire trucks were apparently sidelined.
Why couldn’t the LAFD keep its equipment in working order? A lot of people blame budget cuts, but there’s another root issue – increasing prices and metastasizing production delays for these vehicles. The cost of fire trucks has skyrocketed in recent years––going from around $300 -500,000 for a pumper truck and $750-900,000 for a ladder truck in the mid-2010s, to around $1 million for a pumper truck and $2 million for a ladder truck in the last couple years. Meanwhile, the time it takes to get a fire truck delivered has grown dramatically, from less than a year before the pandemic to anywhere between 2 and 4.5 years today. (It’s not just trucks, all fire equipment is increasing quickly in price, from air supply packs to maintenance contracts.)
The skyrocketing prices and longer delivery times have made it difficult for the LAFD to replace aging vehicles in its fleet, many of which have exceeded their service life. As the LAFD’s vehicles have gotten older, they’ve become prone to more frequent and serious breakdowns, leading to more costly repairs and prolonged downtime. And as the rising cost of fire-truck maintenance and replacement has squeezed the department’s budget, it has had fewer resources for recruiting and retaining firefighters. Against this backdrop, the LAFD wound up having to face some of the worst fires LA has seen in a century while both understaffed and under-equipped.
What I’ll show you in this piece is that the increasing price is a result of a private equity firm, American Industrial Partners, consolidating the fire truck industry and forcing up prices across the board. For decades before the 2010s, the fire apparatus industry was characterized by relatively stable (inflation-adjusted) prices and ample production
Bloomberg talking about how OrangeTurd mentioned “everything ok” in his DJT social media this morning and how is clear market manipulation BUT it does not matter. Emolument Clause? what is that LOL.
Previous commenter mentioned that the financial markets are very nervous that everything is based on the whims of Mad King Krasnov. But with China is ON.
Dark, I would use it to play background music and news in an office environment , so I just need little lower than speaking level ( library levell) and if it gets stolen I’m not going to be to upset.
I told you…., 20% bounces in all kinds of trash….I’m done…. The crappier the stock, the bigger the bounce. My 401k bro!!!!!
I had a massive limit buy on TSLA at 212 for a fanboy client that didn’t fill on Monday. I am so pissed. Would have made me look like a player.
RentL0rd says:
April 9, 2025 at 2:16 pm
It should be about giving and loving thy neighbor – oh wait, we are Amerika.
https://youtu.be/Rr8ljRgcJNM?si=lX4v0eljdUoF4dKO&t=130
The fact remains that it is difficult to carry on global business under the constant threat of whims of the orange man.
We all living in Amerika.
Coca Cola.
Sometimes War.
I was truly stunned that Trump took this long to flip flop. Stunned. Then again, he did bankrupt three casinos.
I mean this as non partisan as possible, but you gotta take donny’s dck out yo mouth to be able to think it through.
It occurred to me that this country spent the better half of a decade dealing with this president in one way or another. The stream of consciousness type ruling is such an energy drain.
Boomer Remover,
Both parties are corrupt and have been for years. Though, there was a time when politicians would actually step down when they got caught. They did this because they knew their political careers were kaput. Think Nixon, Al Franken, Spitzer, ManGravy, etc. I think corruption or immorality by our elected officials has turned frowned actions from a mark of shame into a mark of fame. It is so commonplace that we now have no choice but to reelect assholes. Whether it be Melendez, Trump, about to be Cuomo, etc. Someone said it here best a few days back. This is what we voted for. Why should we have expected anything different?
I mean, Trump’s past is filled with anti-semitism, bankruptcy, misogyny, bankruptcy, felony, bankruptcy and a penchant for young beauty contestestants. Did I mention frequent bankruptcy? He gets into office. Acts like an asshole as expected. Gets ripped by the press for his assholery and then leads a popular movement playing to alpha males to fix the country that is way less broken than he is. The greatest example of the masses are assess that I ever witnessed in my life.
And people thought this term would not be a repeat of the same embarrassment and stupidity as last term. Especially with control of the house and senate?
We really are stupid. Buy we voted for this.
Got measles?
Elect a clown, expect a circus.
ChiFi, I hear ya on the NorCal real estate. A lot depends on the town of course.
But we shall see. My wife and I are both drawn to coastal regions and might even think about Pacifica. Those are some neat areas and I don’t think the home move quite as quickly there. Out of the mainstream I suppose. But yes, budding wars and paying way too much for a tiny little place up there are two things I hope to avoid.
NorX,
Fixer upper.
So WHO do you think in this administration do you think had the large enough balls to tell Trump he was committing political suicide?
3:34 you know you aren’t “wrong” and I would rather find a vintage place and put my own touches on it. We are, if we buy, going to have to spend any where from $1.3-1.6m
yeah, you get a 1500 sq ft shack for that. I think the market in the area is somewhat delusional, but also you can live very close to the water, Malibu Style for much less up there. Go figure. At our point in life, that has more appeal than some hyper congested suburb.
Susie Wiles is the one with the balls. Not sure what bathroom she uses but she is the spitting image of her father.
Fixer Upper:
https://www.zillow.com/homedetails/268-Olympian-Way-Pacifica-CA-94044/15505054_zpid/?mmlb=g,7
But that view“
Lib: The bond market forced Trumps hand. As for the other things you have said about him, all basically true, but I don’t recall anything he has said as being anti semitism.
So stick with edibles……
NorX says:
April 9, 2025 at 3:14 pm
But yes, budding wars and paying way too much for a tiny little place up there are two things I hope to avoid.
Whooooo!! What a ride!! Fortunately, bought in early this morning. Absolutely killed it this past month!!
What about “bitch set me up?”
Libturd says:
April 9, 2025 at 3:11 pm
The greatest example of the masses are assess that I ever witnessed in my life.
Yesterday it was the immigrants, the day before it was the federal
Govt. Today it’s the stock market and tomorrow it could be the big red nuclear button.
And we still try to convince ourselves that he is a genius. Because you see, the human brain hates to accept defeat.
We need stable minds – both at the top and the general population.
You are giving him too much credit with the ten year yield forcing his hand. He probably had to have been sat down and told of the impending political suicide.
GP, glad you made some bucks. But think about it… this is not what it is supposed to be – either up or down.
This guy has to go. Elections can’t come sooner.
He’s toast anyway.
10yr still high 4.33%
There is no reason it will go down with the ADHD administrator.
4:21 – totally agree.
Lutnick, Bessent and maybe Musk – who has been shouting at Navarro, know better than to commit suicide.
BRT says:
April 9, 2025 at 2:37 pm
I told you…., 20% bounces in all kinds of trash….I’m done…. The crappier the stock, the bigger the bounce. My 401k bro!!!!!
——————————————————————————————————-Great Job BRT, you told everybody what you were doing and why, and batted 1000.Smarter than the average investor especially on this blog.
-________________________________________________________
Good afternoon. Even after markets sank this week, some investors are sitting pretty.
Short sellers betting against the stock market have raked in about $159 billion in profits over the last six days. “81% of every short trade was profitable, and 97% of every dollar shorted was a profitable trade,” according to Bloomberg. That basically makes this the investing equivalent of people betting the over on the first games of the season with the Yankees using torpedo bats.
—Mark Reeth & Lucy Brewster
Are the stock market index is down to January 2024 levels yet?
Since this is a real estate blog after all, I didn’t know if you guys had seen this one
https://thehill.com/homenews/administration/5239139-fannie-mae-employees-fired/
Now back to your TDS group therapy session
Ok one more. This made me chuckle
https://x.com/forecasterenten/status/1909615658817429707?s=46&t=fOujZk55fmaIKC1jvQBjiw
Wonder how many people panic sold Friday and then bought back this afternoon and took a nice 10-15% hit.
Buying back in now is chasing. It’s likely short covering. I still think we go lower. I took all profits today and am back to heavily defensive. Maybe I’ll add some shorts soon.
Walking
It’s perfect for that.
They have different models on aliexpress depending on features. the 55 was the most expensive at 28 but if you are a first time buyer it might be a bit cheaper than that.
I really like things I don’t have to turn off since they use so little power, like this and the Apple Mini.
The Ten is a real whiff of smelling salts. I am actually pleased that I managed to pursuade so many of you to pay attention to it. The vol is insane……
Boomer Remover says:
April 9, 2025 at 4:21 pm
You are giving him too much credit with the ten year yield forcing his hand. He probably had to have been sat down and told of the impending political suicide.
That AK55 amp has those karaoke mic inputs perfect for singing along to “The East is Red” and “Workers, Peasants, and Soldiers Unite”
https://www.youtube.com/watch?v=3AOpdlL9Uk8
Prob another day of green tomorrow…see what happens.
The danger right now of sitting out: if china caves. Major wild card.
BRT says:
April 9, 2025 at 4:59 pm
Buying back in now is chasing. It’s likely short covering. I still think we go lower. I took all profits today and am back to heavily defensive. Maybe I’ll add some shorts soon.
I taught at Rutgers….there is no main telephone line.
When the pilot of the airplane pushes the airplane into the ground at 500 miles per hour, the proper response is not to smile and clap.
This is not 4d chess. It’s insanity.
6:51, Rutgers Police.
By the way, 12 international rutgers students had their visas revoked.
Before you defend ICE actions think about it. We are not different from Turkey or Russia or North Korea – unless you stand up for it.
And BRT, glad you are jot in the business of teaching kids. Good riddance.
Or “If I was a rich man.”
No One says:
April 9, 2025 at 6:16 pm
That AK55 amp has those karaoke mic inputs perfect for singing along to “The East is Red” and “Workers, Peasants, and Soldiers Unite”
Not a lame duck, a soaring eagle
Very Stable Genius says:
April 9, 2025 at 7:05 pm
When the pilot of the airplane pushes the airplane into the ground at 500 miles per hour, the proper response is not to smile and clap.
This is not 4d chess. It’s insanity
Trump Blinked.
No 4d Chess here folks. Keep moving.
Are You Not Entertained?
Chi – re: 10 year.
This financial crisis is about interest rates and our debt payments.
Don’t think for one second he won’t remove him.
There was no financial crisis and Trump has not helped the debt in any way. Stop believing the lies.
Everything this administration is a joke. Only a cult member would believe otherwise.
Lib – The Fed waited way too long when inflation took hold. They were raising rates too slowly. The Fed waited until inflation was out of control and even tried to make up for lost time with .75% hikes. Add that to massive debt Congress approved and it’s a recipe for disaster.
It hurts me to say this but cutting rates in the only option now. We are talking a trillion in annual interest payments coming. History gives us hints on inking of what could happen. It’s new territory for the US that is for sure.
For your entertainment….. Our neighbors had visitors at 4:30 AM last night. Their BMW SUV in the driveway was the target….The visitors pried open a window and broke the glass to get into the house to find the Key Fob. Neighbor has a full alarm system is started blaring at 4:30 AM..
Visitors had full hoodies, masks and gloves with crowbars and who knows what else. They ran off as soon as the alarm went off.
ES chart just tapped the -10% from the all time high level. I’d take the chips off the table until that resolves, either up or down.
BUFFALO, N.Y. (WIVB) — The vice president of the Buffalo chapter of Bikers Against Child Abuse was arrested Wednesday for sex crimes against children, according to New York State Police.
John Todaro, 49, of Amherst, was allegedly found to be in possession of child pornography following an Internet Crimes Against Children investigation. He was also disseminating child pornography, officials said.
Police said Todaro would have had opportunities to be around children in his role. He was charged with promoting a sexual performance by a child and possessing a sexual performance by a child.
Nailed it
https://x.com/vagrantwires/status/1910077468838621379?s=46&t=fOujZk55fmaIKC1jvQBjiw
Emperor Trump rewards his strongest zoomer and millennial soldiers with easy wealth gains pillaged from the stock losses of boomers and hedge funds – 2025 AD: colorized
6:51, Rutgers Police.
By the way, 12 international rutgers students had their visas revoked.
Before you defend ICE actions think about it. We are not different from Turkey or Russia or North Korea – unless you stand up for it.
And BRT, glad you are jot in the business of teaching kids. Good riddance.
The kids voted me teacher of the year buddy, cope harder.
I agree, it’s probably a dead cat, but if I see 10% plays in garbage, I’m gonna take it. I continually saw this the last round when I shorted Cathie Wood’s portfolio. The upward bounces were violent.
24 hours ago…this aged well
btw, let’s see how China responds to this, that’s probably going to determine the direction of the market, my guess is, hostile, and market goes down again but we’ll see.
Are we great yet Gary?
https://x.com/LongTimeHistory/status/1909645678453669932
Microsoft cancels $1 Billion project to build 3 new data centers in Ohio—just 5 days after Trump tariffs.
Licking County, Ohio will now lose roughly 1,000 jobs & $150 million per year in revenue for the local economy.
400–600 construction jobs & 540 permanent jobs were expected to be created at full operation of the 3 new data centers.
Microsoft said it abandoned the $1 billion project “after careful consideration” of the shift in economic forecasting. If the economy improves the company “will continue to evaluate these sites” for future projects.
In the meantime, Microsoft will still own the land and use it for farming—creating no new jobs.
The benefit of Donald Trump’s approach is that we now understand who are sycophants who will find a way to praise him no matter what, no matter how clear it is he has no real plan, and no matter how much damage and chaos he creates for Americans and the world.
– Gary Kasparov
S&P futures down 1.7%.
NASDAQ 100 futures down close to 2%
Fab – Has zero to do with anything other than their attempt to monetize AI. They have gotten their ARR for AI services to grow to $13 Billion but that isn’t going to pay for the expansion of data centers worldwide. Spend thru June this year is expected to be $80 Billion meaning their investment are much larger. They are also cancelling their ambitious program to build data centers overseas as well.
Then there is what wall st thinks about it.
“Analysts with TD Cowen reported earlier this year that Microsoft was also scaling back some of its international data center expansion and canceling some leases in the U.S. for use of data centers operated by other companies.
Other analysts for months have tied some of the changes to a shift in Microsoft’s close relationship with its business partner OpenAI, maker of ChatGPT.
“OpenAI was moving in one direction” by prioritizing the development of more advanced AI systems, which require vast computing resources to train on troves of data, while “Microsoft may not have been moving that same direction,” said Craig Ellis, director of research at B. Riley Securities.”
UPDATED THU, APR 10 2025
7:14 AM EDT
Dow futures drop 500 points with stocks set to give back some of historic turnaround: Live updates
Sean Conlon
BREAKING:
Pilot who had deliberately tried to crash an airplane, changes his mind last minute and narrowly avoids hitting the ground.
Hailed as hero for saving the lives of everyone on board.
Juice Box says:
April 9, 2025 at 9:51 pm
Could have just been ICE. Similar clothing and method of operation.
For your entertainment….. Our neighbors had visitors at 4:30 AM last night. Their BMW SUV in the driveway was the target….The visitors pried open a window and broke the glass to get into the house to find the Key Fob. Neighbor has a full alarm system is started blaring at 4:30 AM..
Visitors had full hoodies, masks and gloves with crowbars and who knows what else. They ran off as soon as the alarm went off.
Ten 430
Interesting take.
‘Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,’ he wrote.
Trump said Tuesday that his administration will “be announcing very shortly a major tariff on pharmaceuticals,” a bid to force companies to make more of their medicines in the United States. On Wednesday, Treasury Secretary Scott Bessent said a 90-day pause Trump announced on most of his country-specific “reciprocal” tariffs would not apply to sector-specific tariffs such as pharmaceuticals.
But raising tariffs on prescription drugs could carry additional risks for the new administration.
How much U.S. patients feel the effects of tariffs depends on whether pharmaceutical companies seek to pass the costs on to others in the medical system. If they do, a key question for many consumers is whether insurance companies would seek to offset higher prices through larger co-payments, higher insurance premiums or more restrictive coverage plans.
“If the tariff cost can be passed on to consumers, the pharmaceutical companies will happily do that,” said Brad Setser, a senior fellow at the nonpartisan Council on Foreign Relations. But if insurers balk at paying higher prices as a result of tariffs, the drugmakers could have to absorb the costs themselves, largely undoing tax advantages they’ve reaped by moving their profits abroad, he said.
The prospect of tariffs highlights the global chain behind medicines that many Americans rely on. It is common for companies to make the active ingredients in a drug abroad and finish and assemble the medications in the U.S. Many cheap generic drugs, which help lower prescription drug costs, are made in India and China. Over the years, the United States’ reliance on foreign sources for key pharmaceutical ingredients has raised national security concerns.
Give this ten seconds. It’s time stamped.
https://youtu.be/UxTErN46P48?t=33
gold again up, after yesterdays 3 digit gain, today up by $60.
screaming out the new currency reserve system that will be based on gold as opposed to digital crap as MAGA sycophants desire.
From 1988, it is on par with BRK.B
https://x.com/LynAldenContact/status/1910160367495315740
Is this good or bad news for socialist Boomer with access to maoist federal government Universal Healthcare for the 65 and older?
More of my taxes will pay any increase on medicine so that Boomer can receive free Marxist healthcare
Dark Phoenix says:
April 10, 2025 at 8:11 am
Trump said Tuesday that his administration will “be announcing very shortly a major tariff on pharmaceuticals,” a bid to force companies to make more of their medicines in the United States. On Wednesday, Treasury Secretary Scott Bessent said a 90-day pause Trump announced on most of his country-specific “reciprocal” tariffs would not apply to sector-specific tariffs such as pharmaceuticals.
BREAKING:
Pilot who had deliberately tried to crash an airplane, changes his mind last minute and narrowly avoids hitting the ground.
Hailed as hero for saving the lives of everyone on board.
Is this a pun on the Federal Reserve? Maybe it’s on the NIH & Fauci. I can’t tell.
Constitutional lawyers, what would be the process for congress to reign in a president’s power to suddenly impose life changing taxes (tariffs) at his whim?
Trump finally discovered something that he thinks he has total and arbitrary power over worldwide, and it’s clear he is reveling in the way that he can be the center of attention. It’s like he finally found the magic crack pipe he’s been searching for his whole life, where he issues commands, and everyone in the world comes to either kneel, or fight. Finally he feels like he’s the center of attention, loved or hated. “Made it Ma, Top of the World!” https://www.youtube.com/watch?v=r-HCYYmJGBc
It’s about the guy who taught at Rutgers, hated the kids and hated academia – not sure how many lives he destroyed, and now a wanna be trader who is hailed a hero by some on this group.
Inflation unexpectedly fell in March. I guess I should take this opportunity to raise rates, no?
I know this will be labeled TDS and not evoke a discussion. Especially with all the other sh1t going on. However, it needs to be called out that we are in an authoritarian regime by many standards. Here’s more evidence:
https://www.msnbc.com/rachel-maddow-show/maddowblog/authoritarian-fashion-trump-orders-probes-two-ex-officials-defied-rcna200574
And don’t attack the messenger (Maddow) without acknowledging where we are.
A record breaking share of corporate edit card customers were paying only the minimum monthly payment at the end of last year, as per the Fed Reserve Bank of Philadelphia.
This isn’t a surprise to folks here.
Bank of England says AI software could create market crisis for profit
https://www.theguardian.com/business/2025/apr/09/bank-of-england-says-ai-software-could-create-market-crisis-profit
But then, who needs AI when we have a X at the hands of a lunatic
“A record breaking share of corporate edit card customers were paying only the minimum monthly payment at the end of last year, as per the Fed Reserve Bank of Philadelphia.”
The problem with stats like this is that they are not very telling. Over time, the total number of businesses grow and so do the number of businesses that have credit cards as well as businesses that are paying the minimum. A helpful headline would not only give you this info, but would include how much over average we are or what the trend is.
Yep. Pretty awful to be a so called “educator” who hates kids
RentL0rd says:
April 10, 2025 at 9:38 am
It’s about the guy who taught at Rutgers, hated the kids and hated academia – not sure how many lives he destroyed, and now a wanna be trader who is hailed a hero by some on this group.
Dow falls 900 points as tariff sell-off resumes after historic rally: Live updates
Lib: I think this is significant, you seem to blow it off. There was a time where you would not.
You got some who do and took the job to get a state pension.
Then you have others, like the post above, that do it because they “love” kids.
And if you are in the middle, just doing your job, you get labeled because of the other tow creeps.
Very Stable Genius says:
April 10, 2025 at 10:57 am
Yep. Pretty awful to be a so called “educator” who hates kids
two creeps.
Oopsy.
UPDATED THU, APR 10 2025
11:20 AM EDT
Dow falls 1,100 points as tariff sell-off resumes after historic rally: Live updates
Hakyung Kim
Sean Conlon
It’s wrong the abuse BRT is taking here by some posters. To dissent means to be suspect, and therefore subject to abuse.
“If the rich could hire others to die for them we, the poor, would all make a nice living.”
3B,
Not blowing it off at all. Just know the way headlines work today.
Ladies and gentlemen, this is your captain speaking. I hope you’ve enjoyed the flight so far, because we’re about to make things… a little more interesting. We’re diving straight down, so I’d suggest you keep those masks on and brace yourselves. No turning back now. Let’s see how fast this bird can really fly! Buckle up—this is gonna be one hell of a landing.
Lib: It’s not the headline, it’s the number of people who are now only paying the minimum amount due on their credit cards, it’s at a record high. That’s a sign of trouble going forward, it’s got nothing to do with a headline.
Trump said there was going to be some pain.
For the poor and the middle class, that is.
3b says:
April 10, 2025 at 11:30 am
Lib: It’s not the headline, it’s the number of people who are now only paying the minimum amount due on their credit cards, it’s at a record high. That’s a sign of trouble going forward, it’s got nothing to do with a headline.
You are missing the jist. Of course it’s a sign of trouble. But how much trouble. It’s like when the headline reads, “The Trump economy steams ahead as yesterday’s market rally was one of the greatest single day percentage gains ever.” When what the headline should read, “Bear market takes one day hiatus on Trump tariff delay.”
The d1ck measuring contest is pretty gross to watch, but do Trump and Xi realize that they will be gone in ~5 years?
Great market again today too.
Lib; Again, it’s not the headline, it’s the number I am looking at. I don’t know why you felt the need to reference Trump and the market, but that’s how everything is viewed now, through the Trump lens. Credit card debt has been an issue long before the election, as well as car loans outstanding. I will leave it there. No point in continuing the discussion.
Xi might live longer than five years. Emperor for life.
Trump wishes he could rule like Xi, where all journalists devotedly report all his statements as absolute truth, and every week government officials have to take online tests of their devotion to his thoughts.
Wow ! What a rally….. waaaaaait
BREAKING!
THU, APR 10 2025
12:05 PM EDT
Dow plunges 1,700 points, cutting gain from Wednesday’s historic rally in half: Live updates
Hakyung Kim
Sean Conlon
tomorrow will be worse, no trust left in the admin. Gold ripping up again.
Stupid Orange risked the small exceptionalism USD had. Next would be kicking the military in Panama and Iran to silence the dissent.
Mango is responsible for the most catastrophic mismanagement of the economy ever
UPDATED THU, APR 10 2025
12:36 PM EDT
Dow drops 2,000 points, S&P 500 loses more than 5%: Live updates
Hakyung Kim
Sean Conlon
Regarding Trump’s Gold card, that Lutnick was expectin to generate $1Trillion, here’s a comment from someone who could be eligible:
This is the most cunning program you could ever imagine getting tangled up with the IRS.
The new “citizen” is required to start divulging to the IRS all of their affairs in their home country.
We have been through this with our own family with dual Citizenship.
If any property has tenants overseas it gets complicated.
If their property is dormant and not earning its OK.
Wait until they die. The kids can be born and raised in the USA and their estate gets to pay inheritance taxes on property in their old country from decades ago.
These new Immigrants are paying 5M to be taxed indefinitely anywhere they move to.
Two countries that tax you if you bail out of the country:
United States and China
Let that sink in.
I really think they are desperate or unaware of what’s coming for them.
Peace through strength.
Worst president ever.
Relatively low volume today though.
3b, this kind of whining works both ways…
3b, it’s not the headline, it’s the number I am looking at. I don’t know why you felt the need to reference SleepyJoe and inflation, but that’s how everything is viewed now, through the SleepyJoe lens. Inflation has been an issue long before the election…
Everyone is out partying after yesterday.
I am viewing everything through a Trump lense because MAGA = DANGER. You are just seeing the start of it. It was pretty bad without a mandate. With no checks and balances, he’s clearly a problem to our future.
3b, let them slander me, it’s no skin off my back.
“Tariff Tantrum” as coined by CNBC
1:31 further proof that teachers are detached from reality.
I thought about yesterdays move last night before dozing off and it didn’t make much sense. China jacked up even more, why did apple move 15% up? Their problem will still be here tomorrow. EU tariffs lowered, but not removed, and now with EU tariffs back at us. No reason for yesterday’s move other than FOMO.
Man sought by NYPD for having sex with corpse on Manhattan subway train
https://www.nydailynews.com/2025/04/10/man-sought-nypd-sex-corpse-manhattan-subway-train-whitehall-street/
I voted for this
We know you did.
Boomer, bear market rallies are the most vicious. Short covering IMO. We can now resume an orderly downtrend instead of panic.
The tariffs are gone. The economic idiocy behind them will never disappear.
If the majority of njrereport commenters are bent out of shape then, mission accomplished
And it’s great
Libturd says:
April 10, 2025 at 1:49 pm
We know you did.
White alpha male in the house. (Fist pump)
watching this TV showman with constant lying, constant shaming previous administrators (his included) is a shame.
Talking about steel mills after decades, while benefiting so many companies and investors, lying the job losing public about opening steel/car factories again. So much lying.
We deserve another 20% for this stupidity.
Boomer: I never viewed inflation through the Sleepy Joes lens. Nor do I necessarily view any issue through any political lens. I did not blame Biden for inflation, although he added to it. I blame inflation on the reckless actions of the Federal Reserve which I have been saying for years. Worst Fed ever were/ are my words.
According to the WSJ in a secret meeting in December the Chinese government admitted they have been behind numbers hacking incidents in the U.S. over the years. No surprise.
Thank you for the update!
Would you please also state the CPI and Employment report numbers for the rest of our benefit?
Very Stable Genius says:
April 10, 2025 at 12:38 pm
UPDATED THU, APR 10 2025
12:36 PM EDT
Dow drops 2,000 points, S&P 500 loses more than 5%: Live updates
Hakyung Kim
Sean Conlon
Over 600 legitimate, paying, international college students revoked visa – after admission no less, for absolutely no reason.
There’s even a tracker and a map:
https://www.insidehighered.com/news/global/international-students-us/2025/04/07/where-students-have-had-their-visas-revoked
And you wonder why?
I have heard first hand of really terrorized families abroad with their kids here for studies.
And it is just that – to cause terror in higher education AND knee-cap higher education. Because International students are big source of revenue for colleges.
Along with killing dept of ed and killing NIH and other grants, this is part of a bigger strategy.
Now, tell me what Putin would do differently if he wanted to destroy America.
D-Fens in Germany you would be called Lip Schwanz
Immigration crackdown is hitting beer sales:
Latino customers, who represent roughly half of Modelo’s customer base, have pulled back on social gatherings — a key occasion for beer consumption, according to Constellation Brands’ CEO Bill Newlands.
I would love some sleepy joe right now!
dementia don strikes again. No wonder he bankrupts every thing he touches.
Last I checked Mexico and Canada still have 25% tariffs though USMCA compliant goods are exempt. China has 124% or so tariffs. Everyone else has 10%.
That’s still a lot of tariffs, assuming they are actually being collected.
He would have people such as you arrested for treasonous acts.
RentL0rd says:
April 10, 2025 at 2:12 pm
Now, tell me what Putin would do differently if he wanted to destroy America.
OR Congress is being given a roadmap of how to clamp things down in the future. Our democracy is not static…… and we are NOT China, Russia or Iran.
Libturd says:
April 10, 2025 at 1:13 pm
I am viewing everything through a Trump lense because MAGA = DANGER. You are just seeing the start of it. It was pretty bad without a mandate. With no checks and balances, he’s clearly a problem to our future.
Congress is highly partisan and won’t “clamp down” on anything as long as the GOP has a majority. No more checks and balances.
You have literal retards in charge right now.
3:34
>> He would have people such as you arrested for treasonous acts.
Honestly, I just feel lucky that someone like you has not turned me in – like someone did regarding the legitimate immigrant students.
We can be hopeful Chi. And not another vengeance tour.
In other news, looks like the market is taking another end of the day dump.
Although, after you turned me in… I may be bailed out (lucky me), ‘cuz I have a direct line to the vPotus.
I’d sell whatever Chinese stocks you may have before they zero them out just like they did with Russian stocks.
Iran is the roadmap. We are not there yet….
Sophisticated society ruled by Religious fundamentalist and cult followers of The Leader.
Non-functioning legislative branch, judiciary ruled by cult followers. Kidnapping dissenting college students. Mismanagement of the economy to create and maintain sense of doom and crisis. Destruction of the middle class. Free universal healthcare for the elderly.
Is that you Peter Navarro?
Inc0gniT0 says:
April 10, 2025 at 3:54 pm
Although, after you turned me in… I may be bailed out (lucky me), ‘cuz I have a direct line to the vPotus.
4:48, pleading the 5th ;-)
4;46, so you say we at Turkey level or Malaysia now?
The frozen four BU/PS match is a great game so far.
Looks like I’m saying goodbye to the ol’ M3.
Moving to another esoteric German skunk works – AMG
Yeah, it only 12:34 here…..btw
Painters coming tomorrow – time to clear a room