Utilities, seeing a threat to about $360 billion a year in power sales and a challenge to the hegemony of the conventional grid, are feeling the heat and fighting back. HECO, despite criticism from Hawaii’s solar industry, denies the moratorium is anything more than an honest effort to address the technical challenges of integrating the solar flooding onto its grid.
The slowdown comes in a state where 9 percent of the utility’s residential customers on Oahu are already generating most of their power from the sun and where connections have doubled yearly since 2008.
In California, where solar already powers the equivalent of 626,000 homes, utilities continue to aggressively push for grid fees that would add about $120 a year to rooftop users’ bills and, solar advocates say, slow down solar adoptions.
the title of this article talks about utilities companies ‘fighting back’. what a crock.
power companies tell you to use as little power as possible so they can charge an arm and a leg for it. the socialist progressives will complain about ‘the free market’. that’s also a crock.
governments have given utility companies the power of a monopoly because they think it will keep power prices low. in return citizens get a regulatory board that the power companies have to go through in order to raise rates. sounds fair, huh?
but capture theory says that money will capture power, and most of these citizen’s boards are either bought off or bamboozled by the false economics peddled by the power companies.
now they have connection fees which mean that if you go on vacation and shut everything off, they will still charge you a monthly fee for the privilege of being connected. it wasn’t like this years ago, but it’s turned into quite a racket.
i promise you that when everyone gets solar electricity, the PTB will charge you by the square foot of solar panel for accessing their sunshine.
they’ve become the creepiest, most anti-free market, socialist, big government enabled entities we’ve ever seen.
solar electricity is becoming cost effective for consumers. the only barrier now is storage, and you’ll see the power companies fight that tooth and nail too.
hopefully, the power companies will soon go the way of the dinosaur. we’d all be better off with the new high efficiency panels coming onto the market. it’s no longer true that it takes more power to produce panels than they put out over their effective lifetimes. power can be both cheap and highly reliable. but you can count on them trying to buy off government at everyone else’s expense.
will solar ever take over? not much chance of that in the north with less hours and less direct sunlight. but the point is that solar should be allowed to take over as much as possible.
“in the north with less hours and less direct sunlight”
Some northern areas could operate on geothermal. And although I”m no scientist or geologist, seems to me it wouldn’t be a bad idea to siphon off some of that geothermal energy instead of letting the pressure build up and then blow out through a volcano. Iceland seems to have made a go of geothermal as a viable source of energy.
i’m for using all the power generating possibilities we can get. geothermal, nuclear, solar and there’s a new wind generator that doesn’t have rotating blades, and yes even coal. coal is getting cleaner all the time. i support all of them. but solar is really promising in that it is like a perpetual motion machine that produces more power than it takes to make. of course it’s not really perpetual, because it relies on the sun. but that’s about as close to perpetual as we can get.
Palo Verdes nuke plant in Arizona is loved by us in Arizona. Not built on a fault line. Generating lots of clean energy. Phoenix air would be much dirtier if it was not for the nuclear plant. 50 miles west of Phoenix near Tonopah, Az.
Arizona a great place to put nuclear power, your precious metals, and own guns.
Dead against nuclear here. Fukushima, that sort of thing. We’re just not up to handling it, really. And Duke Energy just shut down the nuke plant north of us here for structural failure, leaks, etc. Of course, they have to keep on a maintenance crew at the de-commissioned plant to make sure there aren’t any “accidents”.
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Comment by tj
2013-12-26 08:06:09
i know there’s a tremendous backlash against nuclear right now.
japan built their reactors right on a nuclear fault line that they knew about. on top of that the design was cheap, not safe. and add to that that fukushima is an on going disaster.
same with chernobyl. no one but statist bureaucrats would have built that graphite plant. but it was ‘cheaper’.
nuclear can be made extremely safe now. check out the new pebble bed reactors. nuclear is the most power dense supply we have and maybe ever will have. with all the new power demands on the way, we need nuclear to keep the lights on. we at least need it to help transition to solar over the years.
with all that said, fukushima is far from over. and i don’t think we’re being told the truth about how much radiation is being released, nor how bad this can yet get.
the whole world should have been helping japan get fukushima under control. especially the russians with their experience.
Comment by Housing Analyst
2013-12-26 08:08:44
“with all that said, fukushima is far from over. and i don’t think we’re being told the truth about how much radiation is being released, nor how bad this can yet get.”
BINGO
Not only is buying a house in CA a financial death sentence, it’s a physical one too.
Comment by Skroodle
2013-12-26 08:17:14
Why do you guys all hate capitalism?
Comment by Housing Analyst
2013-12-26 08:19:07
Why do you allow us to live in your head rent free?
Comment by tj
2013-12-26 08:20:19
those poor people in japan have been lied to by their government. many are going to get sick..
we don’t yet know how much this is going to affect the rest of the world.
from uranium we could move on to thorium which is 6 times more abundant than uranium. it is also safer and cleaner and will actually burn up nuclear waste. imagine that, using nuclear to clean up nuclear.
there are a few technical issues yet with thorium, but they will be solved. in the meantime, we need uranium. to thrive we need a cheap, stable power source. the cheaper and more reliable it is, the better off we will be.
Comment by spook
2013-12-26 11:58:56
Uranus is said to contain copious amounts of natural gas.
Comment by Prime_Is_Contained
2013-12-26 14:48:26
there are a few technical issues yet with thorium, but they will be solved.
Unfortunately, they’ll probably be solved by the Chinese, rather than by us.
And note that the only reason that there are still “a few technically issues” remaining is because the US gov decided to de-fund (thus suppressing) the thorium-salt reactor technology almost 40yrs ago. The reasons are varied and arguable but my personal belief is that it was killed because it was TOO clean—e.g. the competing fast-breeder technology was considered a better fit for the cold war, which needed a source of fuel for nuclear weapons production.
It is nice to see the resurgence in MSR technology, though.
You can’t have your cake and eat it to. If you want to be independent and go “off grid” then do exactly that. Don’t ask for electric service, as a back up, and expect it to be free. Although not in use for the majority of the time the meter, wires and cables have to be maintained. Also, if you plan on selling the power back to the utility, which may offset the connection costs, you have to be connected.
Don’t ask for electric service, as a back up, and expect it to be free.
nobody is asking for it to be free. just don’t charge us for electricity we didn’t use. we know you like your power grab where you can just decide to charge a minimum fee just to be connected to your power company. but since you’ve got a monopoly, that’s called extortion. and you guys are the real pirates.
Although not in use for the majority of the time the meter, wires and cables have to be maintained.
all that should be figured into the price of your electricity. you guys would like to separate everything into countless tiny ‘fees’ that you think people won’t quibble over and find a neat way to overcharge. as daffy duck would say “yer despicable”.
Also, if you plan on selling the power back to the utility, which may offset the connection costs, you have to be connected.
i for one, would rather not be connected. hopefully we can make it happen and you can go look for another job. and if we can get rid of your big government buddies, it might even be a higher paying one.
Maintenance of the electric infrastructure is included in the price of power. In this scenario if a customer is not using electricity but is still connected (has a meter, electric loop, maybe a service pole etc) they will not be paying for their own infrastructure maintenance. If the meter does not spin they don’t pay. However, if a storm comes along and rips the loop off the house or breaks the pole in half the utility is required to make those repairs. The connection fee would take care of that. Maybe the fee that is quoted is too high for the probability of that event happening but that’s not my point.
Also, you are assuming most utilities are buddy buddy with their regulators which is not the case. Some of these relationships are outright hostile.
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Comment by Housing Analyst
2013-12-26 11:12:35
“Maintenance of the electric infrastructure is included in the price of power.”
No it is not included in the rate. It’s a separate and distinct charge every single month regardless of demand.
And it’s a rip off.
Comment by tj
2013-12-26 11:42:10
Maintenance of the electric infrastructure is included in the price of power.
then make it a single price that’s easy to calculate and track.
In this scenario if a customer is not using electricity but is still connected (has a meter, electric loop, maybe a service pole etc) they will not be paying for their own infrastructure maintenance.
do you guys want to sell electricity or not? if you do, then accept the maintenance. plan ahead and know that there will be occasionally situations like this. you act like it’s a privilege to buy from you guys. you know what i want? i want you to get rid of the regulatory boards and welcome competition? wouldn’t that be nice? and don’t tell me it would drive up prices, because i know that it would do exactly the opposite.
Also, you are assuming most utilities are buddy buddy with their regulators which is not the case. Some of these relationships are outright hostile.
i covered the ones you’re hostile with. you bamboozle the dumbed down citizens into thinking you need the rate hikes to survive. why not just open it up to all comers for competition? the lines in existence have really been paid for by consumers already, so whoever can produce the cheapest power gets to use them. i wonder how many competitors would spring up around you?
i’m really tired of government protected monopolies like you guys. wanna live in a free country? learn to accept competition as a fact of life that you boys can’t circumvent.
Comment by Crab Cakes
2013-12-26 11:44:35
Well its included in my rate. I do not have a separate maintenance fee added onto my bill. This will vary depending on each utility and public service commission.
Comment by Housing Analyst
2013-12-26 11:46:41
So if your consumption is ZERO kWatts in any month, your bill is ZERO dollars for that month?
Comment by Crab Cakes
2013-12-26 12:10:15
I own a property that I’m fixing up where I have had Zero consumption in certain months. The house is fitted with remotely operated switch on the AC condenser unit which I am given credits for. I have had months where I have received credits with no charges.
Comment by Housing Analyst
2013-12-26 12:13:57
What is the name of your utility?
Comment by Crab Cakes
2013-12-26 12:18:12
BGE
Comment by Housing Analyst
2013-12-26 12:24:26
Standard Delivery charge for residential service is $7.50/month and the lights haven’t even been turned on yet.
You have some type of temp service. Not typical residential service.
Anyways, what’s the $7.50/month for?
Comment by Prime_Is_Contained
2013-12-26 15:02:01
Personally, I think it makes good sense to separate the grid (and grid maintenance) from the delivery of power via the grid.
Common infrastructure should be operated for the common good—e.g. not owned by a for-profit company. That is the primary mistake made in the way that most regulated utilities are structured.
The grid is a public good, and should be owned by the public; it should be operated as a not-for-profit utility.
It is reasonable to pay a small fee to connect to the grid—after all, you are gaining a benefit from being connected, in the form of gaining access to all of the energy suppliers who are also connected to the grid.
Any power-supplier should be able to deliver power to the consumer through the grid.
Many of the ills of the current model are due to the fact that we tie together the grid, and maintenance of the grid, with a single power provider—and then let the entire combined beast act as a for-profit company. Regulation attempts to, but can’t really make up for the structural problems of this form.
By separating these two different functions (infrastructure, vs service provided over the infrastructure), the problems are addressed structurally; the result is that little-to-no regulation would be required.
Comment by 45north
2013-12-26 21:16:08
i want you to get rid of the regulatory boards and welcome competition?
but you only want one set of utilty poles
also you would rather that the “competition” supplied alternating current, in phase and at the same voltage
up until 2005, Consolidated Edison supplied some customers with direct current.
Leave it up to these behemoth energy companies to resort to dirty pool. It’s gone from providing a useful service to “you’re going to give me your f**king money one way or another.”
The news reporters were out polling people, and people were all UNsatisfied with “capitalist” $7/gallon milk
Well, this made me laugh. The comment portion was in reference to not passing the farm bill causing milk prices to rise. The funniest part is, the farm bill passage is to fix the base price that the government pays to subsidize milk farmers. Without the new farm bill “old law” kicks in that has never been repealed. It forces the feds to buy more, and at a higher price… The new law is just to correct this idiotic cruft law that is hanging around and no one has seen fit to repeal.
If ALL of these “farm bill” provisions were removed, milk would probably fall to 2.50 per gallon. So know what you are talking about before you berate capitalism with this milk example, because you just look foolish.
All of these threats of higher prices are just that- idle threats. They’re nothing more than scare tactics to try to sway public sentiment. I don’t know who buys into this crap, but I surely don’t.
Rent for thirty years and be left with nothing but an empty bank account.
Buy a home, build equity with every mortgage payment, deduct the interest from your taxes, and after thirty years retire with a paid off home. And you can paint the walls any color you want.
More people should trust you. Realtors are educated, certified professionals, who must pass a series of examinations that are more difficult than the bar, CPA, and CFA combined. Some of the smartest people I know are Realtors. And many of them are quite wealthy, but despite that wealth, continue working to help home buyers, because what Realtors love most is helping people.
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Comment by cactus
2013-12-26 11:10:48
Realtors are educated, certified professionals, who must pass a series of examinations that are more difficult than the bar, CPA, and CFA combined. ‘
hahahaha you’re funny
Comment by Pete
2013-12-26 13:11:52
“continue working to help home buyers, because what Realtors love most is helping people.”
Hopefully after reading that comment, those of you who have been arguing with Amy as if she’s serious will stop.
Comment by Whac-A-Bubble™
2013-12-26 14:36:03
On what planet is helping people destroy their future household financial stability a beneficial service?
Comment by Prime_Is_Contained
2013-12-26 15:05:32
Hopefully after reading that comment, those of you who have been arguing with Amy as if she’s serious will stop.
Personally, I’ve found it quite delightful to watch the interchange between an obvious tongue-in-cheek tweeker persona with those who take it as though it were serious, and respond—that’s the entire beauty of it!
Math is hard. If I rent at 1/5 the cost that my peers spend on their “mortgage”, and I save the money, how do I end up with nothing? Seems to me that I ended up with a lot of cash. Maybe I did something wrong?
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Comment by Whac-A-Bubble™
2013-12-26 11:13:45
Amy Hoakum and his ilk assume that if you don’t waste 40% of your income on a mortgage, then you will throw the money down the toilet. Investing isn’t part of his vocabulary.
Comment by Lip
2013-12-26 13:29:09
I pay $300 less on a mortgage in Phoenix for a house that’s bigger than my old apt
MADRID (MarketWatch) — Wall Street was eyeing more gains on Thursday as stock futures rose, though volumes could be thin as many investors are expected to sit out the remaining trading days of the year.
Weekly jobless claims are on tap, while many retailers will be in focus on a busy post-Christmas shopping day. Several stocks that hit fresh highs on Tuesday could also grab attention.
…
Yes! Take money off the table by realizing your biggest gains. So if you have a 460% gain in two years, how many years of an annual 10% gain does that amount to?
7.72 years for 100%, doubling 7.72 years later and quadrupling in another 7.72 years. 23 years? Proceeds can go to two year notes. And precious metals.
2014 or 2015 will be platinum’s year. I will get on the train. Still selling off my staffing company stock in pieces. It is up more than 1% today.
A Market a pulse pro sold all his position a week before the runup. He made 29% gain. Not bad. I made 466% gain (bought far earlier). Had the pro waited a week he would have made a 35% gain. But he is smart to ake money off the table.
If you bought way early you can take some money off the table a batch at a time. I have a Bach of 1700 shares at $2. A batch of 1100 shares under $5 and a batch of over 1700 shares at under $6. A couple more batches at higher prices. I tr to liquidate the shares I bought at the highest cost first. Will end up with 1700 shares at $2 for cost basis and might just want to hold them for fun for another market cycle in staffing. That would be a 20 year hold mabe.
Back some 15 or so years ago, when I started suggesting that the stock market was being rigged, I’m sure everyone thought I was crazy.
The logic behind that opinion didn’t matter. I explained that a former Federal Reserve governor recommended in 1989 that such a thing be done. And I explained how Ronald Reagan had formed a committee called the President’s Working Group on Financial Markets that could take care of such things.
And I even said that, in my humble opinion, this was good because the market is a dangerous animal when it gets loose of its senses and decides to plummet for no reason. That was clear during the crash of 1987 and the near crash of ’89.
I also mentioned that this remedy for market crashes should be used sparingly. The Fed guy who proposed this, Robert Heller, said as much.
So I had to laugh when I discovered that the Fed’s rigging of the stock market is now discussed openly on the Public Broadcasting Service.
The issue of the Fed’s rigging of stocks came up on Wealthtrack, a Dec. 20 PBS show hosted by Consuelo Mack. The show was supposed to be a look back on the Fed, which is celebrating its 100th birthday, but it veered off the homage track a bit.
The guests were Jim Grant, one of the few financial gurus on Wall Street who does have a clue, and Richard Sylla, the Henry Kaufman Professor of the History of Financial Institutions and Markets at NYU’s Stern Business School.
I don’t know Sylla, but I do know Henry Kaufman, a famous financier. And I think Henry would have had a stroke to hear what Sylla said.
“The Fed seems to have — I think almost deliberately — is trying to push the stock market up,” said Sylla, with a bit of a grammatical hiccup. “I’ve watched this stuff for 40, 50 years now, and this is the first time in my memory when it seemed to be official US government policy that the stock market goes up.
“And the Fed likes this because it thinks that when the stock market goes up, people who own stocks feel richer, they’ll go out and spend more money, and the unemployment rate will come down.”
Grant concurred. “New thing — [the Fed] is in the business of talking up the stock market. The Fed is manipulating prices, especially on Wall Street.”
The Fed has tried to boost the economy with its radical policies since the 2007 crisis, and it has, overall, failed.
…
2009-2013: don’t bet against the Fed. Win with the Fed.
2014 get rid of all non-mining and non-oil-related individual stocks and put proceeds into TBills and two year notes. Continue to dollar cost average into existing stock mutual funds.
“Continue to dollar cost average into existing stock mutual funds.”
That’s been my strategy, I’ve been putting a set amount of money into an index fund, on the 1st, 10th and 25th of the month. Dollar cost averaging into the s&p500. It’s just there, every month, on auto pilot, I don’t even think about it. It’s a low expense fund, only 0.06% with no loads.
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 11:34:43
You also have a ski slope in your backyard, and an Olympic-sized swimming pool, and a mansion with a view, and your particular house did not drop in value at all, even though all the other houses in that city dropped in value by a lot, and you don’t even have to think about whether you are making or losing money because you have so much of it, and only a very small percentage of losers in the USA are affected by finances anyway, and the rest of us are just crazy.
PS: You lie like a fly, and you get paid to do it.
Comment by Housing Analyst
2013-12-26 11:36:32
LOLZ.
Ski slopes in Atlanta…….
Comment by Mr. Smithers
2013-12-26 12:11:26
I don’t have a ski slope…I have several acres of land, some of which is sloped. And since it’s sloped, it can be used to ski on. A mansion? Wouldn’t go that far. A view? Indeed…a fantastic view. I know this is a hard concept to fathom for someone who lives in a 1 bedroom urban apartment with a view of a parking lot or a freeway, but trust me, it’s not that uncommon.
Olympic sized pool? Hardly. It’s 25 feet long.
In the real world millions of people live like me….nice house, a pool, a view, etc. You need to get out more.
Comment by Janet Felon
2013-12-26 12:11:36
Slithers = phony.
Comment by Housing Analyst
2013-12-26 12:12:57
Sure thing Slithers.
Comment by ibbots
2013-12-26 12:15:24
Uncle Fed - really? Damm, you got it bad don’t you?
Comment by rms
2013-12-26 12:49:20
“A view? Indeed…a fantastic view.”
I know that the Rathdrum Prairie has vista views at ground level. Also, a C185 only needs 1200-ft of dirt runway.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 13:20:06
Slithers:
If you would bother reading and responding to the comments that people have actually been making over the past couple years, then you would know that I don’t live in an apartment. I live primarily in an 1800 sq ft house on 2.5 acres with a three-car garage, a woodshed, and a …VIEW! It’s a nice place.
I also have a second house (an adorable cottage) that I rent in the city where i work. That one is tax-deductible.
I like it that you are suddenly downplaying your ridiculous claims though, now that they have been called out as such. RIDICULOUS. How much snow do you guys get in Atlanta?
So the Fed kept filling up the punch bowl and instead of going into inflation of goods prices, it went into an inflation of asset prices. That’s inflation in the same way, but it’s not called inflation. So if the stock market goes up and doubles, we don’t say, ‘Oh, my God-there’s been inflation!’ Or, if housing prices double, we don’t say, ‘Oh, my God-there’s been this enormous inflation.’ We say, ‘Oh, how much richer we are!’ But the problem is we’re not richer. It’s simply an illusion of richness.
–Clip from documentary, Money for Nothing
In nominal terms, the stock market has now exceeded its two last major peaks and has shown, so far, only minor signs of slowing down. Many, like Jim Bruce, the director and producer of the documentary above, believe that much of the market’s gains are largely due to one thing: the Fed.
Ironically, as the Federal Reserve is about to celebrate its 100th-year anniversary on December 23, 2013, Bruce tells listeners in a recent Financial Sense Newshour interview that investors should probably expect a large amount of volatility next year as the Fed faces two major transitional events: unwinding its massive stimulus program and a change in Fed leadership from Ben Bernanke to Janet Yellen.
I worry to the extent that the Fed has given support to the stock market that is largely psychological…now there’s this question of how is the Fed going to take money out of the system? How is the Fed going to unwind these policies? This is all sort of the reverse of those happy days. I feel it’s going to be very difficult terrain for Janet Yellen-really for anyone to navigate; and Janet Yellen is going to do it as a new chair that’s viewed as untested; and I think if you look at the last two transitions-the transition to Greenspan and the transition to Bernanke-they were very rocky periods. So, again, I don’t want to be too pessimistic, but I just think investors should consider the risks right now that this isn’t a very easy or smooth process for unwinding QE or transitioning to new leadership at the Fed.
Business & Real Estate Fed action boosts stock market
Published on Wednesday, 25 December 2013 00:03
Written by Clyde Noel
With the economy showing signs of improvement, the Federal Reserve started its stimulus pullback and Wall Street investors went crazy, pushing up the Dow Jones industrial average nearly 300 points Dec. 18.
The Fed will trim its $85 billion monthly bond purchases by $10 billion beginning in January and keep long-term rates down. By keeping rates down, the Fed indicates its support of stocks that pay a much larger yield than bonds, including utilities and telecoms.
The stock market has enjoyed a wonderful 2013, fueled by the Fed’s low rate policy. Keeping rates low through bond purchases helps maintain low interest rates, which encourages borrowing and spending.
…
Robert Shiller has been out there talking about a stock-market bubble again. In a couple of interviews this weekend, he expressed concerns about a market that keeps going up.
Shiller has some clout among investors because he called a bubble in the U.S. housing market via his book “Irrational Exhuberance” just as everyone thought prices had nowhere to go but up.
Last week, Shiller said he was concerned about a rise in his cyclically adjusted price-to-earnings ratio. (Read the Wall Street Journal article). He said his CAPE ratio could be pointing to a bubble, but “it will take a little time to tell.” He also said the stock market could go up “even more,” but maybe investors should reduce holdings some.
On Sunday, in an interview with Der Spiegel Sunday magazine, the Nobel-prize-winning economist said he was not raising the alarm, but stock indices in many countries are at a high and “prices have risen sharply in some property markets.” This, he said, “could end badly.”
…
NEW YORK (MarketWatch) — U.S. stocks continued their winning streak on Thursday, as indexes gained at the open and were once again poised to scale all-time highs.
The S&P 500 (SPX +0.25%) opened 4 points, or 0.2% higher, at 1837.45, putting it on track to close at a record level for the 44th time this year.
The Dow Jones Industrial Average (DJIA +0.35%) added 52.62 points, or 0.3%, to 16,413.93, on track for its 6th straight record close and 50th record close of the year.
U.S. stock futures rose, with the Dow Industrials on track to reach
The Nasdaq Composite (COMP +0.21%) gained 9.35 points, or 0.2%, to 4,164.90.
The Dow and S&P 500 closed at record highs on Tuesday in a holiday-shortened session and were closed on Wednesday for Christmas.
Historically, markets see abnormally high returns in the trading days between Christmas and New Year’s Day. Bill Stone, chief investment strategist at PNC Asset Management Group gives three possible reasons for such returns: portfolio adjustments for maximizing tax benefits before year end, investor optimism associated with the holiday season or possibly because a large number of short-sellers are on vacation until the new year.
…
Too late! You will spend hours to find a stock priced below book value, with steady increasing earnings for more than four quarters and with zero debt.
“…possibly because a large number of short-sellers are on vacation until the new year.”
The myth that short sellers can drive the market lower is still out there. In fact, a short only can make money if longs are willing to sell for lower prices.
In fact, a short only can make money if longs are willing to sell for lower prices.
No, a short can also make money if a NEW long decides that they want to buy at market price… and then some OTHER short sells to yet another NEW long who wants to buy at an even better, lower price… and then… eventually that first short closes out at this new lower price.
Note that existing longs don’t have to be involved in any way, and that new longs would be glad that they are getting a perceived bargain.
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Comment by Whac-A-Bubble™
2013-12-26 18:58:40
My admittedly simplistic understanding of how short selling works is that the short seller borrows stock and sells it with a promise to return the borrowed shares within some agreed time window. If the market price falls below the price at which the short seller sold, then he can buy the shares back at a lower price, return them to the brokerage where he borrowed them, and pocket the spread.
But this seems to depend on having somebody “long” the shares willing to sell to shorty at a lower price than at which shorty sold. I’m not clear whose shares shorty buys at the lower price in your version of the story.
Comment by Prime_Is_Contained
2013-12-26 20:37:35
I’m not clear whose shares shorty buys at the lower price in your version of the story.
If you think about it, it could be anybody’s share that the short buys to close out—even the shares being sold by someone else just going short.
Comment by Whac-A-Bubble™
2013-12-26 21:40:25
Yes, but how did “someone else just going short” acquire his shares at a discount to what shorty paid? Somewhere along the line between when shorty borrowed and sold and when he covered, a long lost money on his shares. Otherwise shorty lost money.
Comment by Prime_Is_Contained
2013-12-27 01:54:04
Yes, but how did “someone else just going short” acquire his shares at a discount to what shorty paid?
By “someone else just going short”, I meant a different investor entering into a new short position; someone entering a short position hasn’t paid anything for his shares yet—he merely borrowed them.
Comment by Whac-A-Bubble™
2013-12-27 21:57:22
“…someone entering a short position hasn’t paid anything for his shares yet—he merely borrowed them.”
He has to sell them to ‘be short’ then buy them back at a lower price to make money. Meanwhile the guy who bought them, or someone further down the sales chain from him, has to lose money on price decline for the short to make money.
There will be a time to sell. That time is not now.
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Comment by Housing Analyst
2013-12-26 11:09:47
Housing- The time to sell has passed. Limit your losses and escape now.
Comment by Whac-A-Bubble™
2013-12-26 11:17:29
But you’ll know when the time to sell is, and you will be able to get your money out before the really big losses accrue.
Comment by Mr. Smithers
2013-12-26 11:25:13
“But you’ll know when the time to sell is, and you will be able to get your money out before the really big losses accrue.”
I’ve done pretty well over the past 15 years. I saw the dot com meltdown early enough and bailed. I was a little later than I had hoped in 2008 but I got back in early enough in 2009 to more than make up for it.
Nobody can predict this stuff exactly. The key is to ride the waves both up and down. Staying on the sidelines screaming about crashes is the sure way to never make any money.
Comment by Housing Analyst
2013-12-26 11:28:04
“Staying on the sidelines screaming about crashes is the sure way to never make any money.”
That works with securities sometimes but remember… with housing, it’s always a loss.
Got cash?
Comment by rms
2013-12-26 12:55:21
“There will be a time to sell. That time is not now.”
Certainly too late in the sun belt. Up north, don’t know. But the fed’s easy money is drying-up, so the $30k millionaire bag-holders will be tougher to snare.
January 2 is a great time to sell. A new tax year and you can get maybe 1% additional interest in a short term treasury fund for more than a year before you need to pay the capital fan tax on the stock sale.1% is actually a lot more than you care if you made more than 100% long term gain on a holding you had for less than five years.
ft dot com
Global Market Overview
Last updated: December 26, 2013 5:07 pm
US stocks push further into record territory
By Michael Mackenzie in New York
Thursday 17.00 US stocks resumed their record breaking streak as economic data continued to buoy optimism on Thursday in thin post-holiday trading conditions.
With many global markets shut for an extended Christmas break, foreign exchange trading provided some highlights as the Japanese yen touched a five-year low versus the US dollar, while the Turkish lira plumbed a record low against the US currency in the wake of a cabinet reshuffle by Turkey’s embattled government.
The latest weekly US initial jobless claims fell to a below-consensus 338,000 from an upwardly revised 380,000 for the prior week. The data boosted equities and also pushed the yield on 10-year Treasuries above 2.99 per cent, just shy of September’s 3 per cent peak for the year.
“While the decline in claims is a positive development given their march higher in recent weeks, the data have remained extremely volatile due to typical seasonal volatility and the Labor Department’s struggle to smooth the data,” said Gennadiy Goldberg, US strategist at TD Securities. “With labour markets on the mend and consumer confidence on the rise, we look for broader economic improvement to continue pushing claims closer to the 300,000 mark in early 2014.”
US stocks pushed further into record territory, with the S&P 500 up 0.3 per cent at 1,839.08 at midday, closing in on an annual gain of 29 per cent, the benchmark’s best year since 1997. The Dow Jones Industrial Average was 0.4 per cent firmer at 16,428.41.
…
Municipal debt tied to real-estate development is set to be the best-performing part of the $3.7 trillion state and local-bond market this year as an improving housing market boosts the securities’ earnings.
Land-backed debt, called dirt bonds, earned 1.1 percent through Dec. 23, more than any other area of the market, while all munis lost 2.6 percent, according to Standard & Poor’s data. The obligations are the riskiest part of the muni market, accounting for almost half of non-payment defaults, according to Concord, Massachusetts-based Municipal Market Advisors. The segment also beat the market in 2012.
The securities have benefited from the housing market rebounding from the longest recession since the Great Depression, said John Miller, co-head of fixed-income at Nuveen Asset Management LLC in Chicago. Builders in November started construction on the most homes in more than five years and housing prices are at their highest in more than seven years.
“These things all help the performance of the underlying credit fundamentals of land-secured bonds,” said Miller, who helps manage $90 billion of munis, including about $4.5 billion of dirt bonds. “This year, the economic recovery, to a great extent, is being driven by a better housing market.”
…
As one of our genius Realtor® trolls recently noted, higher interest rates lead to higher housing prices.
U.S. housing prices rise 0.5 percent in October
Chronicle News Services
Published 2:26 pm, Wednesday, December 25, 2013 Housing prices are still rising but are moderating as more sellers list properties and mortgage rates go up. Photo: Kevork Djansezian, Getty
U.S. house prices rose 0.5 percent in October from September as buyers competed for a tight supply of properties for sale, the Federal Housing Finance Agency said.
The seasonally adjusted gain matched the average estimate of 11 economists, data compiled by Bloomberg show. Prices climbed 8.2 percent from a year earlier, the FHFA said Tuesday in a report from Washington.
Home prices have increased across the U.S. as investors drain markets of inventory and improving employment brings in more buyers. Gains are set to moderate as more sellers list properties, fewer distressed houses are available for investors to purchase and higher mortgage rates cut into affordability, said Mark Vitner, a Wells Fargo & Co. senior economist.
“What we’re seeing now is more of a normalization,” he said in an interview before the FHFA report was released. “Investors are leaving the market, traditional buyers are coming back and price appreciation is returning to a more normal pace.”
…
OTOH, it seems USPS did its job well. That’s the service I mostly use, unless I have to ship an exceptionally large package. I have to say, I’ve been pretty impressed with their work. Those folks who work at the local PO are very dedicated, too, with great customer service. Not all goobermint entities are bad. The PO does a good job, IMO.
As to the lame comment “but they’re losing money!”, bs. You’d be losing money, too, if the money in your bank account was siphoned off by Big Bro’ to fund other expenses not related to yours.
Talk to a postal worker some time. They’ll be happy to tell you all about it.
“Talk to a postal worker some time. They’ll be happy to tell you all about it.”
But only between 10:30 and 12:30 or 1:30 and 3:30, or whenever it is they decide they’ll do us a favor and actually open up a window.
My delivery person is the laziest person alive I believe. She never comes down the driveway to deliver packages. I mean NEVER. She leaves the stupid little pink slip in the mailbox. The USPS guidelines say if a driveway is less than 1/4 mile long, they must deliver to the house. Our driveway is close to 1/4 mile but definitely under the threshold.
Amazingly enough UPS and FedEx ALWAYS do come down the driveway and leave packages at the door.
The day the USPS goes out of business for good will be a good day for this country.
Not only does Detroit’s inexpensive real estate market make investment an easy choice, but investors are also eligible for various local, state, and federal tax credits for redevelopment. Today, about 50,000 Chinese live in the metropolitan area, including more than 15,000 automotive engineers.
Wrong again. Homes normally appreciate in value by 10% annually (and even more in some markets). And for every $1 of improvements that you add to your home, the value of your home goes up by $2.
“Homes normally appreciate in value by 10% annually…”
Thanks for polluting the HBB with another Realtor® lie. The truth can be found on the pages of Robert Shiller’s book, Irrational Exuberance. Before the current housing bubble (say from 1890 through 1996), homes barely appreciated at a sufficient rate to keep up with inflation, and that price appreciation is offset against PITI and other ownership costs. You would have done much better by renting and investing the money you saved in the stock market, which has returned in the neighborhood of 7% above inflation since WWII.
Dollar cost average into broad stock index funds. If you are lucky with timing, time an individual stock and buy at its “2009″-style cyclic low. Sell three hears or so into the peak. But by golly, stock index mutual funds are most often a slam dunk.
Real estate is not an investment. Real estate is not retirement savings?
Not true. Interest rates are going to go up. And when interest rates go up, home prices go up too. Now is a good time to buy a home, so you can lock in a low interest rate at a low price. Wait too long and you may get left behind in this recovery. Buy now or be priced out forever!
Before Michael Viking resurfaces to call me out on that post, let me clarify that in this case, the moniker was not an ad hominem attack, but rather an accurate description.
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 11:21:08
But some birds are smart enough to learn the names of colors and shapes. I saw a video of a bird dancing and singing along to a Christmas carol. I’m not sure if Ms. Hoax could qualify for the bird-brain cert.
Those signing up for private health care coverage on the ObamaCare exchanges may be in for an unpleasant surprise — they’ll have insurance, but they might have trouble getting the doctor to see them.
As hundreds of thousands enroll for coverage beginning Jan. 1, analysts are warning that the plans are likely to give them access to fewer doctors and hospitals. So much so, they warn, that the system could begin to resemble Medicaid, the health care program for low-income Americans.
“Indeed, I think this will eventually be like Medicaid,” said Merrill Matthews, director of the Council for Affordable Health Insurance.
Matthews said the only way many insurers are going to be able to control costs is by “simply clamping down on the amount they are willing to pay.”
…
Obamacare is not just the exchanges. It is the new law, which applies to all individuals and all insurance companies. It doesn’t matter whether you buy the insurance through the exchange or not. If you have insurance, then it’s still Obamacare. If you don’t have insurance, then you are a scofflaw now.
There are plenty of insurance policies that are available outside the exchanges and ONLY outside the exchanges. These policies aren’t subject to the tax credits and they cost a little more. But for someone like me who dares earn more than $25K a year - ie an evil rich person - , it doesn’t matter since I don’t qualify for the freebies anyway.
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:00:43
Slithers:
If you like your policy, then you can keep your policy. Other than that, it’s illegal in the United States for an insurance company to sell a policy that is not Obamacare-compliant.
Comment by Mr. Smithers
2013-12-26 12:14:18
Let’s try again…
There are policies inside the exchanges and outside. They are all Obamacare compliant.
The ones inside the exchanges don’t have any doctors in their networks. They cost less and are eligible for subsidies.
The ones outside the exchanges cost more and have a wide network of doctors. They are not eligible for subsidies.
It’s not that complicated.
Comment by rms
2013-12-26 13:09:26
“The ones outside the exchanges cost more and have a wide network of doctors. They are not eligible for subsidies.”
+1 And my family’s PPO is going up 18% next week, IIRC. Frankly I’m surprised the business peeps like Bezos don’t rally in my favor because I have less to spend elsewhere as a consumer.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 16:17:24
Slithers:
Do you see my knuckles dragging on the ground? No? That’s because I’m not as dumb as you.
To make it simple: “Any health insurance right now in the United States is Obamacare. The exchanges themselves are not the definition of the law. They are only one part of the law.”
The good jobs are contractors, not fed employees. Contractors make much more than federal employees at each rung of the ladder. You have an army of Ed Snowdens in their late 20s/early 30s who make 200k/yr working next to mid-career NSA employees making 40-50% of that. The contractors jump from one contractor to another to keep “leveling up” their pay, even though the level of their work stays the same.
There are millions of contractors with top secret security clearances. Yes, millions. I posted the exact number before, I believe it was 2 million or so.
Those horrible people! How dare they make $200K a year? They should all be rounded up and jailed.
Power to the people comrade!!!
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Comment by Suite Joey Blue Eyes
2013-12-26 12:17:29
Nothing wrong with making 200k . 200k is a low mid-range of contractor pay. People in management for gov’t contractors make much more than that, several muliples of what feds with decades of experience make. There is something wrong with paying people 200k when you could get the same level of skill for half that price. The amount of waste and fraud in contractor billing is also staggering.
For example, you’ll see talented, dedicated feds like polly making 1/2 what private practice lawyers with just 3-5 yrs experience make, despite polly having MUCH more substantive experience, more contacts, and more responsibility for making big decisions. And the costs for the private practice lawyers are passed along to the gov’t because the contractors include it in their overhead and expenses.
Snowden was making 200k with a top security clearance even though his ONLY experience was working for gov’t contractors — he had no leadership position, no relevant prior experience, and was basically just someone who could pass a security clearance and sit in a seat for Booz Allen who paid him 200k and billed the gov’t 2x that amount for his services.
The “conservatives” here are a real joke when it comes to actually having an efficient yet meaningful government.
Comment by Mr. Smithers
2013-12-26 12:23:56
Yeah those poor govt employees, always so underpaid and under appreciated. Why I even hear they only get 9 weeks vacation these days and have to work until 55 to retire with full benefits/pension. The horror of it all.
Someone should start a telethon for them or something.
Comment by Whac-A-Bubble™
2013-12-26 12:25:31
“Why I even hear they only get 9 weeks vacation these days…”
Reference, please.
Comment by Mr. Smithers
2013-12-26 12:26:06
“By Dennis Cauchon, USA TODAY
At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn, a USA TODAY analysis finds. Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the past decade.
Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation, according to the Bureau of Economic Analysis. The data are the latest available. The federal compensation advantage has grown from $30,415 in 2000 to $61,998 last year.”
Tell me again how govt workers are under paid…..
Comment by Mr. Smithers
2013-12-26 12:29:36
VACATION/SICK DAYS: For your first 3 years of service you earn vacation at 4 hours per pay period (26 pay periods per year) for a total of 13 days. After 3 years of service you earn 6 hours per pay period and adjusted to total 20 days per year. After 15 years service you earn 8 hours per pay period or 26 days a year. For part-time employees, leave earned is prorated. You may accumulate 30 days and carry it over from year to year. However, any time earned over the 30 days you must use or lose. Sick leave is accrued at 4 hours per pay period (13 days per year) and does not change with length of service.”
26 days vacation plus 13 days sick leave = 39 days = 7.8 weeks.
Add to that the number of paid holidays govt workers get paid and it’s well over 9 weeks of paid time off.
Comment by Whac-A-Bubble™
2013-12-26 12:47:40
“Tell me again how govt workers are under paid…”
I notice you conveniently omitted the date on that article you posted. How many years ago was it written? Cause last time I checked, the federal workforce had a pay freeze in place for several years running.
Comment by Mr. Smithers
2013-12-26 12:47:57
It’s 10 paid holidays. So a total of 49 days paid off a year for govt employees. 10 weeks of vacation. Which means every govt employee. Put it another way, on any given day, 19% of govt employees are not working, yet getting paid. Although in fairness to them, nobody knows the difference when a govt employee is at work or at home.
Comment by Whac-A-Bubble™
2013-12-26 12:48:49
Sick leave equals vacation and 7.8 weeks = 9 weeks in your alternative reality, eh?
Comment by Prime_Is_Contained
2013-12-26 15:31:55
7.8 weeks = 9 weeks
Yes, it would have been more accurate to have called it “Paid Time Off” rather than “vacation”—but perhaps he should have just rounded it up to ten weeks as well. 7.8wks + ten paid federal holidays = 9.8wks, not 9wks. That is a lot of time off!
Comment by Whac-A-Bubble™
2013-12-26 19:02:21
So far as I am aware, full-time federal employment positions are subject to open bidding. Perhaps even Slithers could qualify, given how massively overpaid he seems to think the federal workforce is.
NEW YORK (MarketWatch) — Treasury prices slipped on Thursday, sending the benchmark 10-year note yield above 3% for the first time since September.
The 10-year note (10_YEAR +0.57%) yield rose 1.5 basis points at 2.998% in recent trade, but it hit 3% just before 11 a.m. Eastern, according to Tradeweb.
The benchmark yield touched 3% on some trading platforms on Sept. 5, but otherwise last closed above that level in 2011.
“If those levels are able to hold again, that should help the market steady as it limps into the end of the year, but should those levels fail to hold in thin trading, the lack of flows could potentially exacerbate the pain from any significant sell stops,” said Mike Sacchitello, technical analyst at Stone & McCarthy Research Associates, in a note.
The 5-year note (5_YEAR +0.69%) yield rose half a basis point to 1.746%. The 30-year bond (30_YEAR +0.82%) yield climbed 2.5 basis points to 3.927%.
…
“If those levels are able to hold again, that should help the market steady as it limps into the end of the year, but should those levels fail to hold in thin trading, the lack of flows could potentially exacerbate the pain from any significant sell stops,” said Mike Sacchitello, technical analyst at Stone & McCarthy Research Associates, in a note.
Translation I hope interest rate’s don’t spike but really have no way of knowing whats going to happen.. thin trading and all that you know.. sell stops
I believe our august professor is alluding to the consequences that a flight to quality may have on today’s stock market. Because today’s stock market (you may be aware) is widely regarded as overpriced, and most people believe that the prices are only a reaction to artificially low returns on government debt.
That’s part of the story. But Slithers assures us that he knows how to get out of his stock positions before the correction goes very far.
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Comment by Mr. Smithers
2013-12-26 11:33:28
Well if you’re so sure about it, you should be able to make millions of dollars from your expertise. Yet here you are whining about it and staying on the sidelines as usual. So brave of you.
Comment by Whac-A-Bubble™
2013-12-26 11:42:45
I don’t come on here and boast about my financial acumen like you do, Eddie. We know you have a boatload of Atlanta investment properties and a bevy of S&P500 mutual fund shares. We’ll also know when you are losing your shirt in the next downdraft, though I expect you to stop posting around that time like you did during the last downdraft.
Comment by Neuromance
2013-12-26 11:47:43
There’s a difference between gambling your life savings and gambling the company money.
Comment by Housing Analyst
2013-12-26 11:51:01
That’s interesting… we’ve never heard Whac a bubble whine…. not even once.
Why do you think that is Slithers?
Comment by Mr. Smithers
2013-12-26 11:52:39
If you’re sure the collapse is coming it’s not gambling. You guys talk the big talk. And that’s all….talk.
Comment by Housing Analyst
2013-12-26 11:54:32
What collapse are you talking about Slithers?
Comment by Neuromance
2013-12-26 14:45:20
Mr. Smithers: If you’re sure the collapse is coming it’s not gambling. You guys talk the big talk. And that’s all….talk.
There are those who are good at blackjack and good at picking horses. But the reason the House consistently makes a lot of money and virtually no one gets wealthy from gambling is that while these folks crow about their successes, they keep their losses just between them and the House.
Where Are The Customers’ Yachts? (published 1940) “refers to an ancient story (which the author finds is probably at least 100 years old by now) about a visitor to New York who admired the yachts that the bankers and brokers had in the harbor. Naively, he then asked where the customers’ yachts were. Naturally, there were no customers’ yachts.”
Gamblers win and lose but it’s the House - the betting infrastructure - that consistently makes the money.
‘The Portland area has struggled with a low inventory of homes for sale for the past two years, with inventories favoring sellers and driving up prices.’
‘However, the Regional Multiple Listing Service said that as of November there were 34,478 new listings on the market, 11.3 percent more than in 2012. The average price for the year to date, $310,800, is 13.5 percent more than in 2012, RMLS said.’
Quite right. There is no “race” war, although it may look like that.
The real “war” is between two groups of whites who despise each other with a passion. One group just happens to use blacks and other “minorities” against the other group.
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Comment by jose canusi
2013-12-26 11:44:23
“One group just happens to use blacks and other “minorities” against the other group.”
As shock troops, if you will.
But it’s not a race war, because no one will be more servile in the prosecution of this individual than some white elitist toady.
I think ohbahma is in love with charlie mason and would like to grant his last wish….so yes….when i see hundreds of blacks convicted of racial hate crimes i promise i will apologize and stop this viewpoint.
I want you to know that your bigotry and continual verbal abuse of women/girls on the internet is cowardly and unacceptable. While rms demands that I must develop a thicker skin in order to withstand his abuse better, I disagree. Rather, women and girls must understand that there is a line to be drawn. Men and boys must not be allowed to spread such hatred and social/personal destruction without resistance.
How absurd for the three of you to reference some alternate “reality”, where relationships among people are a form of ownership/rentership, and *you* are the ones making the purchase decision. That is delusion if I’ve ever heard it. More precisely, it is a delusion that places YOU GUYS at the top of the heap. Perhaps you require this delusion because you can’t face the fact that you actually are not at the top of the heap, but you wish you were.
I can understand being against illegal immigration, or excessive legal immigration. That isn’t bigotry; it’s economics. I can understand some of the conversations about racism regarding black people. There is a history there with certain dynamics, and people of all races have to acknowledge that. However, these conversations should not be taken as a segue into general bigotry, or used as an excuse to slip back into the bad old days, when this blog was used regularly as a forum to lambast females, and to blame females for the housing bubble.
I will now make a statement that will seem like heresy to the bigots of this blog, so brace yourselves. You got a thick skin? Good. “Women and girls are the most important members of society, since they are the bearers of life and culture”. You got that?
If you want to spend the rest of your lives trying to insist that we are objects to be “traded”, then go ahead and be wrong. Just don’t expect to get any traction with the ladies (unless you like to pay for one-night stands). And don’t expect me to sacrifice the softness of my beautiful skin in defense of your DUMB opinions.
The comment was made in reaction to something that YOU said. It was not made in reaction to something that prostitutes do. In the meanwhile, prostitution is illegal in the United States, and has been since the beginning of laws around here. So no, you don’t get to blame that one on “femi Nazi storm troopers” either. It may very well be that the only play you get is from prostitutes. However, that doesn’t mean that it is ever acceptable for a human being to discuss the purchase or RENT of another human being.
There is a little thing called “respect”. Learn it or not.
If you don’t mind my saying so (although you probably do), I think you may have misinterpreted some of the posts. First of all, regarding Bill, so he’s a bit of a bounder. Many men are and have been from time immemorial. I’ve seen him profess an animus to marriage and that’s fine, it’s not for everyone. Sure, he does push the point, but ok, different strokes for different folks. I haven’t noticed that he’s been particularly nasty about women, though.
as to rms, I really must have missed something here. From what I’ve gathered he cares about his wife and family.
Haven’t seen anything particular from tj, so I can’t speak to that.
What I HAVE seen is the age-old, timeworn battle between the sexes humor and although it may get edgy sometimes, I really don’t see outright attempts at degradation.
Although I want to post the knee-jerk “lighten up” response, I prefer the commandment from Bill & Ted’s Excellent Adventure:
“Be excellent to each other”.
And in that spirit, you might acknowledge some of the men on this board who have shown their decency and respect toward women. In Colorado comes to mind.
I was referring to the comment made yesterday about how Eliot Spitzer was better off just renting “a wife” than buying one. Of course it’s not quite possible to rent or buy a wife, now is it? The three offenders were bill, rms, and tj.
As far as commending men for not being abusive toward women, I’m sorry, but that’s just expected. Nobody commends me when I don’t abuse my cat. I don’t think a guy deserves a medal in exchange for not being a bigot.
I’m just not the type of gal who believes that the way to fight against bad guys is to “lighten up”. That’s the only thing that enables these creatures and their cruel “humor”. (Hint: It’s not really humor. It’s a mean-spirited attack against the fairer sex, done on the assumption that women won’t/can’t hit back).
“As far as commending men for not being abusive toward women,”
Excuse me, miss, I said no such thing. You deliberately altered what I said to continue your harangue. Here’s what I did say:
“you might acknowledge some of the men on this board who have shown their decency and respect toward women.”
Big difference, but if you can’t see it, then you don’t deserve it.
I’m done with this. You’ve got a problem, and it isn’t men, although they may be a convenient target.
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:19:46
You might acknowledge some of the women on this board who have shown their decency and respect toward men. Why haven’t you? Is it because you take it for granted that women would naturally treat men with with decency and respect?
Unfortunately, I do not get to take the same thing for granted. I guess I’m supposed to tacitly accept that I will be disrespected, and go all gushing with gratefulness when someone acts normal toward me. I realize that a few people were raised to see the world in such terms. I was not, and I will not help to perpetuate such dysfunction.
If you want to defend the practice of selling/renting women and girls, then you’ve got a problem, and it isn’t women, although they may be a convenient target. Such language and behavior is not a “joke”. Not by a long shot.
Comment by Housing Analyst
2013-12-26 12:33:26
As I recall, the women on this blog(at least they claim to be) typically pimped housing here… day after day after day.
you’re a delusional psycho, lady. you can’t even keep your protagonists straight. show me where i’ve said anything against women.
oh, and just because i’ve said something against you, and you’re a woman, doesn’t mean that i’m against women. basic logic establishes that.
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Comment by jose canusi
2013-12-26 12:11:36
“you can’t even keep your protagonists straight. show me where i’ve said anything against women.”
Sheesh, I’m tellin’ ya. Jeebus.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:25:11
tj:
Go back to yesterday’s post. I am so sick of bigots like you accusing any woman with self-respect of being a “psycho”. Do you just get so stoned every night that you can’t even remember what you said? Or are you just so egomaniacal that you actually believe I should be expected to put up and shut up?
If you seriously think that the comment below, in the context where it was written, should not invoke a nasty response, then you have a looooong road ahead of you. Your lack of humility is disconcerting at best.
Comment by tj
2013-12-25 15:39:53
One does not refer to a human being in terms of buying and renting.
yes, let’s be politically correct and pretend it doesn’t exist.
what’s the difference between renting a human and paying them a wage?
what’s the difference between paying someone and using them?
Comment by Bill, just South of Irvine
2013-12-26 12:32:14
None of those statements are hatred toward women.
You are the one having issues. Trying to finfpd trouble where there is none.
Comment by tj
2013-12-26 12:35:51
Your lack of humility is disconcerting at best.
tj: “yes, let’s be politically correct and pretend it doesn’t exist.
what’s the difference between renting a human and paying them a wage?
what’s the difference between paying someone and using them?”
yes your highness, i should be humble around your highness.
now tell me highness.. what in my quote tells you that i’m against women?
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:51:19
tj:
Because you characterize respect as “political correctness”. Because you think that if we publicly speak out against horrid behavior, then we are actually just “pretending that it doesn’t exist”, which is, obviously, the reverse of the truth. If I didn’t think it existed, then I wouldn’t be talking about it.
Because you think that if I dare raise myself to your level, then I have taken on heirs, and you flippantly call me “your highness”. Because only YOU are high (and allowed to control the discussion), but not me.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:54:41
Bill:
1) Have you ever had a relationship with a woman where you did not actively attempt to be the “winner” of the arrangement?
2) You speak of renting women rather than buying them. Why?
3) If that isn’t hatred, then what is?
Comment by tj
2013-12-26 13:04:31
because?? because?
you can’t seem to follow along.
i didn’t ask you a ‘why’ question.
i asked you what in my quote is against women.
the answer is nothing. it’s all in your delusional psycho head, your highness.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 13:14:40
tj:
I’m sorry, your highness, that I did not choose grammar that followed your own. “Your comments are hateful against women because …”
Do you understand now, or do we need to sit down in a little circle and use puppets and stuff? You could even draw pictures if you want.
Do you now have enough information to understand what it is about your way of thinking that characterizes you as a bigot? A person who would not generally be considered “dating material” by a lady who values herself and society? A person who is walking down a path of misery, paved by ego, and ending nowhere?
Comment by tj
2013-12-26 13:25:24
I’m sorry, your highness,
you demanded humility, your highness, not me.
so you still can’t produce any quote showing that i’m against or hate women. if you could have done it, you would have done it by now.
show me where i said anything about hating women. you accused me. now show me the quote and quit trying to explain why you’re right. show me a quote where i’m against or hating women.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 15:21:46
tj: I already pasted your comments, and then you made more. Your life will probably improve after you have learned to admit your mistakes and to practice basic humility, your highness. The bigotry thing? You’ll feel better without it.
Men aren’t boycotting marriage and kids. It’s the other way around. Women are boycotting it. Women just don’t see much value in marrying a man who will treat her horribly, and then bearing his kids and going to work while he plays X-box all day. Why in the WORLD would any woman in her right mind even go on a date with a guy who discusses whether he intends to buy her or rent her?
Have you ever wondered why Muslims are so unsuccessful on Earth? It’s because Islam treats women worse than the other major religions. That makes it impossible for their society to move forward.
In summary: The human race cannot survive unless men treat women properly. After all, women are the bearers of life and culture. We are the ones with the lock and the key, my dear.
Men aren’t boycotting marriage and kids. It’s the other way around. Women are boycotting it.
Then why are there magazines and TV shows dedicated being a bride but nothing similar for men? Why are there bridal stores but grooms just rent a tux at the Men’s Wearhouse?
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Comment by In Colorado
2013-12-26 12:15:31
Women might be avoiding jerks, but they still dream about walking down the aisle. Men don’t fantasize about that.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:29:26
In Colorado:
There are far fewer women choosing to marry and have kids than before. The decrease in fertility in the developed world is not due to men on a boycott. It’s due to women deciding that their lives would be better without it.
Comment by scdave
2013-12-26 13:06:00
It’s due to women deciding that their lives would be better without it ??
Well, there you have it…When the relationship starts with the understanding that “I do’t need you” then its kind of difficult to get to the “till death do us part” phase…
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 13:28:36
scdave:
Which is exactly why folk who disparage women are missing the point. A guy like rms may think “I don’t need a woman” (except to bear and raise my kids), so I will just rent a wife (as if that were possible). In the meanwhile, a girl like Uncle Fed may think “I don’t need a man at all. Like literally”.
I am not saying that I don’t appreciate the value of a relationship. I am just saying that two can play at that game, and if they do, then the chick is gonna win.
Comment by In Colorado
2013-12-26 14:15:45
There are far fewer women choosing to marry and have kids than before.
There are fewer, but they are still the ones who want to marry and have kids.
Guys don’t walk around, wringing their hands, asking “where did all the good women go?”
They don’t say things like “All the desirable women are either married or are lesbians”
And why should they? Girls put out, plain and simple. And it’s in an interesting spiral. Girls started playing house with guys, hoping the guys would eventually marry them. Now she does booty calls and friends with benefits, hoping he will become her boyfriend.
Why risk financial ruin with marriage when there are booty calls?
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 15:31:58
Hey Colorado:
Actually, guys are always trying to get girls. I should know, since it happens to me. A lot of guys (even married ones, and guys with girlfriends) will stop at almost nothing to get a girl if he thinks she’s pretty. They definitely aren’t getting it easy.
The number of h o r n y guys FAR outweighs the number of s l u t t y girls. Besides, most guys really do want to have a wife and kids. They realize a huge benefit from it. Did you know that married men live longer than unmarried men, while unmarried women live longer than married women? There really aren’t that many guys out there to want to die childless and wifeless.
And if you want financial ruin, just look at all the guys who accidentally knocked up their girlfriends. Paying child support to a bunch of kids in separate households is more expensive than just having them all in one house with one mom.
On the other hand, if you’re a girl, then why risk financial ruin by getting married, having kids, and *hoping* that your husband isn’t going to abuse the situation? After all, there are a lot of guys out there who believe in “renting” their wives. What if your husband turns out to be one of those? You would have wasted your prime years bearing and raising his kids, and then he will dump you, and you will be working at Wal*Mart trying to make ends meet with the tiny amount of child support that the loser actually gives you.
Yeah, marriage and kids are a huge risk for women. Not so much for guys.
Comment by In Colorado
2013-12-26 20:26:47
Actually, guys are always trying to get girls.
Get them, yes.
Marry them, no.
Yeah, marriage and kids are a huge risk for women. Not so much for guys.
Yeah, that must be why guys get taken to the cleaners in divorce court.
“After all, women are the bearers of life and culture”
Then act like it! Have you looked around at the “culture”, lately?
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:36:57
I am acting like it. Can’t you see me, right here on this thread, rejecting the culture of disrespect toward women? I am the only one on this thread with the guts to stand up against the concept that women should be bought or rented. Are you standing up against it? No. You are simply demanding that I should thank some other commentators on this board for not being as much of a jerk.
When you see other women who have “lighted up” to the point that they accept such comments, such ways of thinking, you are seeing today’s culture, and the result of your own admonitions. Women should NOT lighten up. Women need to demand better treatment from men like rms, BiLA, and tj.
In a comment above, regarding respect, you said “If ain’t getting it, then you ain’t giving it”. That’s actually not true. Abusive people will dish out disrespect to anyone who seems less powerful than themselves. Then they act all mad when those people actually have the nerve to resist it.
In summary: The human race cannot survive unless men treat women properly.
there’s more of your delusional krap. women have been treated badly throughout most of recorded history. only the wealth that has been created by the free markets you hate, has made your lives better.
After all, women are the bearers of life and culture.
yes lilith, sure lilith.
We are the ones with the lock and the key, my dear.
only lately. and it’s comically ironic that you rail against the thing that got you here.
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:40:39
tj:
Can you please tell me exactly what it is that “got me here”? The thing I’m railing against?
I am railing against the audacity of men who think that they can or should rent/buy women. The renting/buying of women is most certainly not the thing that “got me here”. It was my mom that got me here.
Your mom got you here too. Have you asked her what she thinks about your ideas? The renting and buying of women, that is.
Comment by tj
2013-12-26 12:49:57
Can you please tell me exactly what it is that “got me here”? The thing I’m railing against?
a person with a normal attention span would see it. the second sentence of the first paragraph.
Have you asked her what she thinks about your ideas? The renting and buying of women, that is.
i can’t help it if you can’t follow an argument and get deluded about what was said.
i was plainly talking about the concepts of renting, using or employing. those concepts can apply to anything. only you, with your hatred of men, saw it as an attack on women.
you’re a delusional psycho, lady.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 13:00:46
But tj, I am not railing against the free market. Do you believe that the trade in human beings is actually a part of the free market? It’s not. If it weren’t for these things being illegal, then neither you nor I would be exactly where we are.
I am railing against the notion that men can or should buy or rent women. A person with a normal attention span would see that. It’s in the first sentence of my first sentence.
But you still haven’t answered my question, tj. Does your mother know that you defend the practice of buying/renting wives? After all, that was the topic of the thread where you made your fateful comments. You can’t exactly back-pedal now and start to claim that you were only talking about the employee/employer relationship.
Oh, and by the way, the first person in a logical argument to call the other “a delusional psycho, lady”, LOSES!
Comment by tj
2013-12-26 13:15:10
Do you believe that the trade in human beings is actually a part of the free market?
again, show me where i’ve said anything like that. like i said, you can’t follow an argument without becoming deluded.
Does your mother know that you defend the practice of buying/renting wives?
does your father know that you make up BS and accuse others of saying things they didn’t say? does your father know you hate men? don’t you think he’d be ashamed of you?
You can’t exactly back-pedal now and start to claim that you were only talking about the employee/employer relationship.
still aren’t following along are you, your highness. i was never talking about an employee/employer relationship. i was asking what the difference was between renting, using and employing. when you ‘use’ a wrench, aren’t you ‘employing’ it?
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 13:35:02
TJ:
Would you care to answer any of my questions? Are are you going to answer every question with another question, and continually imply that each question was actually a statement or an accusation against you? Do you or do you not believe that the human trade is a part of the free market?
How is a woman comparable to a wrench?
My dad is fully aware that I would NEVAH allow a guy like you to get away with the things you are saying on this board. Wanna know why? Cause he’s the guy that had to put up with me all these years. He knows that I don’t accept that sort of thing. Not from him, and not from any coward on the internet who jumps into a conversation about renting wives, but then tries to claim that he was only talking about hiring people, but then again claims that he was actually talking about using wrenches.
If you can’t own up to your comments, then it probably means you were wrong to say those things.
Comment by tj
2013-12-26 13:42:42
Would you care to answer any of my questions?
sure, right after you show me the quote that you claim that i said i hate or am against women.
either that, or you can admit that i never said anything of the kind, and might decide to answer your questions.
until then, you remain an accuser. you provided no evidence that i hate women or am against them or want to keep them down, or whatever else your deluded mind tells you.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 15:38:52
tj: Once again, I already pasted your comments, and then followed up with a thorough explanation as to why those comments were upsetting, and along a socially destructive vein.
You and all the other woman-haters can go ahead and defend those comments, but they were extremely offensive and antisocial, and you should avoid making comments of that stripe. You should take a hard look at yourself and ask “What makes me so hateful, especially toward the people that I should be protecting and loving because they bring so much to my life?”
Until then, you are a hater. You provide no apology for defending the practice of renting or buying women, even though you probably don’t have enough money to do either.
Comment by tj
2013-12-26 16:08:31
tj: Once again, I already pasted your comments, and then followed up with a thorough explanation as to why those comments were upsetting, and along a socially destructive vein.
upsetting?? oh, poor deluded girl. you made an accusation and you can’t back it up so you explain why i upset you? what about your false accusation about me? WHERE’S THE QUOTE THAT INCRIMINATES ME AS HATING OR BEING AGAINST WOMEN? WHERE?? if this were a criminal case you’d be locked up by now.
You and all the other woman-haters can go ahead and defend those comments, but they were extremely offensive and antisocial, and you should avoid making comments of that stripe.
you should quit making false accusations because not only is it immoral, it could get you into serious trouble one day, you politically correct princess.
You should take a hard look at yourself and ask “What makes me so hateful
i don’t have to look hard, i see it at the other end of this keyboard.
especially toward the people that I should be protecting and loving because they bring so much to my life?”
sorry if i don’t feel protecting and loving toward you. i know you think i should because after all, you’re just a splendid woman.
Until then, you are a hater.
what’s a ‘hater’ genius? do you think you’re a ‘lover’? do you think you’re endearing? yeah, you probably do.
You provide no apology for defending the practice of renting or buying women
you provide no apology for making false accusations. were you a little tattle tale in school?
even though you probably don’t have enough money to do either.
again, an assumption with no evidence. but if you only knew, you’d be so embarrassed. and no, dummy, you’re not going to goad me into telling you how much money i have. and yes, i think you’d dearly like to know.
Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 16:39:10
tj:
IF YOU WANT THE QUOTE, PLEASE GO BACK UP THE THREAD AND LOOK FOR THE BLUE BOX WITH THE QUOTE IN IT.
“If this were a criminal case, you’d be locked up by now… it could get you in serious trouble one day.”
Are threatening me? I think you should sue me for making the immoral mistake of calling you out on your misogyny. It would be even better if you would call me a princess while you’re at it, ’cause that might get me to cry, and then you would feel real strong and powerful like a true ANONYMOUS INTERNET COMMENTATOR.
No, actually tj, the world is not set up quite the way you think. There is no legal mechanism for females to be punished for speaking out against woman-haters. It’s only sad that there aren’t more men who have the nards to do it, so us ladies have to do it ourselves. Such a lack of manliness these days.
Nobody said that you have to like me dude, and there is no law saying that you are in any way obliged to love your mom, sister, wife, girlfriend, etc. You can hate all of us. It’s legal. But tj, it is not good for you, see? The hatred is bad for everyone, including you.
So whadya say tj? Wanna retract your statement about renting/buying wives being the same as using a wrench? Wanna admit that it’s a stupid thing to think? Or would you rather dig your heels in and be a hater forever? Tell your mom to go peddle herself. Tell your sister too. If you can convince enough females that it’s OK, then maybe you might get a chance at having sex with someone other than yourself!
Comment by tj
2013-12-26 17:10:41
Nobody said that you have to like me dude
thanks princess, that’s relief.
and there is no law saying that you are in any way obliged to love your mom, sister, wife, girlfriend, etc.
really? i though you were going to tell me there was.
You can hate all of us.
only you, princess. you’re one of the nastiest, politically correct, misandrist crones i’ve ever seen on any blog.
The hatred is bad for everyone, including you.
sorry, when it comes to you, it’s unavoidable.
So whadya say tj? Wanna retract your statement about renting/buying wives being the same as using a wrench?
so whadya say princess? wanna retract your claim that i ever said any such thing? na, cuz you’re to dumb to know i didn’t say it.
your statement about a wrench not being a woman was comical. that was the point i was making! i wasn’t talking about women. i was showing that the concept can apply to wrenches or just about anything else.
Wanna admit that it’s a stupid thing to think?
wanna admit that you don’t know how to think?
Or would you rather dig your heels in and be a hater forever?
again, what’s a ‘hater’ genius?
Tell your mom to go peddle herself. Tell your sister too.
better tell your dad to wash your little princess mouth out with soap. he didn’t teach you not to be a ‘hater’ did he?
If you can convince enough females that it’s OK, then maybe you might get a chance at having sex with someone other than yourself!
“men aren’t boycotting marriage and kids. It’s the other way around.”
LOLZ
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Comment by "Uncle Fed, why won't you love ME?"
2013-12-26 12:45:40
Bill:
Have you done any research on the subject? You might be surprised what you find. Of course I don’t have the link anymore, but I read about a long-term study that some university has been doing about marriage. They have been asking people for a few generations what they think about marriage, and then breaking the numbers down based on age, sex, religion, wealth, and what-have-you. This study has found that over the last decade or so, women have been losing interest in marriage and kids by ALOT.
The main reason is that they don’t think the males are pulling their weight. Also, the laws are set up so that a husband comes out better off than the wife during a divorce. Divorced men always complain bitterly about paying child support, even though the mothers end up paying more, and the mothers are also the ones doing the bulk of the actual work toward raising the family. So yeah, you give a girl some birth control, and she is likely to decide not to get into that mess.
Comment by Don't marry!
2013-12-26 13:00:25
Read the book.
Comment by Bill, just South of Irvine
2013-12-26 13:15:34
I trust google more than a single book. A far variety of statistical sampling due to a far variety of sites indicates men more often than women are boycotting marriage. In 80% of court cases in divorces, the man loses.
Marriage is like Vegas. The odds are always in favor of a certain group. In Vegas it is “the house.” in marriage it’s “the woman.”
Comment by NH Hick
2013-12-26 18:23:54
I’d like to see some development of male birth control drugs. Then it won’t be as much in the “hands” of women.
Comment by NH Hick
2013-12-26 18:26:59
Also, try moving to ma$$holechusetts, you’ll see how men get screwed in divorce.
Have you ever wondered why Muslims are so unsuccessful on Earth?
I dunno, the Muslims seems pretty successful to me. They learned how to abuse and behead their women while still “respecting” them just enough to make lots of babies to spread the Word.
The Chinese failed to strike this delicate balance. Rather than being satisfied with only beating and footbinding their women, they went too far and killed the girls outright before they got to fetus stage. The men are paying the price for that now.
Have you ever wondered why Muslims are so unsuccessful on Earth? It’s because Islam treats women worse than the other major religions. That makes it impossible for their society to move forward.
Wow—culturocentrist must?
That must be explain why the Ottoman Empire survived for so long, spread so far, and was a beacon of scientific and cultural advancement.
The Dow industrial average is close to ending the year with its biggest gain since 1996. If it closes on Dec. 31 above 16,422.11, the Dow industrials will beat its 25.32 percent surge in 2003.”
I agree, the prices aren’t good and the places are way too fancy for what most people “need”. These are lofts in former brewery buildings and the developer added in things like roof deck, roof top pool, dog park, granite/stainless kitchens, etc. 80%+ of residents under 35yrs old or so.
How can this be? I was assured that everyone in their 20s and early 30s were living at home due to the depression. Now they’re all of a sudden renting apartments for $3K a month?
Can’t have it both ways kids. Either we’re in the midst of an economic collapse or we’re not.
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Comment by Whac-A-Bubble™
2013-12-26 12:56:43
If you keep going on and on enough about economic collapse, perhaps your wish will come true and we will get one.
Comment by Housing Analyst
2013-12-26 12:58:35
“economic collapse”?
Slithers…. get a hold of yourself and snap out of it. Dramatically lower and more affordable prices of everything is a bullish thing.
Comment by In Colorado
2013-12-26 14:18:56
How can this be?
Because these are not average apartments targeting an average economic demographic? Of course the poors won’t be renting there … duh! The poors rent in cheaper places, often doubling up.
Yes, I like the area, I live close but not on the water/waterfront park. But it’s really not as good as Fells Point, at least not yet. There are a few new buidings opening in Fells Point this year, all right on the water. I think they were delayed from 3-4 yrs ago when real estate deals were falling apart. On the other side of the harbor, near Ft McHenry, some of the luxury condo/rental buildings have had a hard time selling/leasing to capacity.
And although these places are walkable, there is still a big increase in traffic bc of the new malls that have followed behind the residential development. It’s a real pain to bike along the water near Highland Ave intersection bc there’s a new Target & Harris Teeter-anchored shopping mall there.
The Federal Reserve’s announcement that it would begin curtailing its bond-buying stimulus program has been hailed as remarkably smooth, but maybe we should hold off on the celebrations.
The central bank said last week that it would reduce its $85 billion in monthly purchases by $10 billion, beginning next month, while at the same time keeping its target policy rate at near zero for an extended period of time. That decision was met with a surge higher in stock prices (which has continued), while bond yields have mostly risen at a modest pace (the 10-year Treasury broke through 3% Thursday).
That contrasts with the Fed’s earlier declaration of possible action in May and June, when the debt market sold of sharply and stocks had a short-lived pullback.
But we’re not yet out of the woods — or, rather, out of the stimulus — says Mohamed El-Erian, chief executive officer at asset-manager Pimco. “Central bankers have good reason to be more cautious about declaring victory at this stage. And the rest of us would be well advised to ask why,” he writes in a Financial Times commentary Thursday.
Here’s why, as explained in his commentary:
* The Fed is still artificially inflating asset prices, which means El-Erian considers them over-priced compared to fundamental economic indicators like extension of credit and use of cash for economic investments. Until the economy improves enough to line up with asset prices, concerns will linger.
* The central bank is due to lose some of its control when its switches from its direct monetary policy of buying bonds to its indirect mechanism of issuing forward guidance about the path of interest rates. That raises the question of how well the Fed can keep a lid on rates. One sign of that is the sharp move higher in the 5-year Treasury note (5_YEAR +0.46%) yield, which is heavily influenced by the path of monetary policy. The 5-year yield is up roughly 25 basis points since before the policy announcement.
* Equities have been red-hot recently, which could be “disruptive” if they reverse with the same force.
* Other central banks besides the Fed have also been partaking in highly accommodative monetary policies (ahem, European Central Bank and Bank of Japan). They will also have to contend with the tricky exit process.
Pimco has projected that the Fed will hold its interest rates near zero until 2016, but some market indicators of rate hikes are pulling forward those expectations into the first half of 2015. The CME’s FedWatch shows the market pricing in a 54% chance of a rate hike in April 2015, based on fed funds futures contracts that are tied to policy rate expectations.
Perhaps that’s one sign that the exit could be tricky as the Fed tries to hold the market together. But it’s a long process, El-Erian says, and there are many battles left to be fought.
ft dot com
December 26, 2013 1:19 pm
Ideas adjust to new ‘facts’ of finance
By Gillian Tett
Eight ways conventional financial wisdom has changed post crisis
Eight decades ago, economist John Maynard Keynes reputedly remarked: “When the facts change, I change my mind; what do you do sir?” Investors might do well to consider that question as, looking back at the past five years, it is clear some of the “facts” of global finance have been overturned.
Unsurprisingly, that has produced some visible shifts in most investors’ views. Nobody assumes subprime mortgage bonds are safe, for example, or blithely trusts triple-A credit ratings. Nor do they presume that big banks cannot collapse, or that western central banks cannot keep rates at zero.
But while these visible shifts of view are striking, what is perhaps even more interesting is how our minds have slowly changed in subtle ways too. Most of the time, investors do not ponder the nature of conventional wisdom, or their unstated assumptions; after all, nobody wants to admit they are a creature of their cognitive environment.
However, one prominent and senior western central banker recently embarked on a personal exercise to explore how his conventional wisdom, and that of colleagues, has shifted in the past decade. And while (sadly) his bank would not let me identify him, it is worth listing his reflections – if nothing else because it might inspire us all to pursue similar mental exercises this holiday season.
Bigger is not better
So what was on this central banker’s list? In no particular order, he identifies eight points.
First, bigger is no longer presumed to mean better. Before 2008, investors instinctively cooed with admiration when they saw gigantic banks (such as Citigroup) or countries with gung-ho banking systems (like Iceland). No longer; we now know that economies of scale are sometimes an illusion.
Second, finance is no longer viewed as self-stabilising. On the contrary, it often seems “self-destructing” instead, as this central banker says. Witness the fact that even Alan Greenspan, former Federal Reserve chairman and doyen of the “self-stabilising” school, today sounds alarmed about the behaviour of banks.
Third, we know taxpayers are on the hook when finance goes wrong; no one vaguely hopes that a magic fairy will wave problems away. Just look, for example, at how sovereign and bank credit ratings, or credit default swap prices, have become entwined since 2008.
Fourth, leverage matters. Before 2008, this issue seemed irrelevant – or quaint; so much so, that when some European securitisation bankers created an amateur rock band in early 2007, they called themselves “Da Leverage”, as a joke. Today, though, nobody dares laugh about that “l” word.
Fifth, liquidity matters too. Before 2008, worrying about this second “l” word also seemed quaint; after all, financial innovation seemed to have “liquefied” most asset classes. Today everyone knows liquidity can vanish, usually when most needed.
Role of government
Six, bubbles do not just exist in baths. Before 2008, policy makers liked to think they could mop up after excesses, if necessary, rather than intervene in advance. No longer.
Seven, structural solutions are not taboo. Before 2008, it was almost outlandish to suggest policy makers might deliberately shape the direction of finance, with policy interventions. Today, even rightwing voices think it makes sense to restrict the size and behaviour of banks, and leftwing voices want to control far more.
Eight, shadows should not stay shadowy. Previously, the non-banking financial sector was generally ignored. Today policy makers and investors alike want to shine a spotlight on shadow banks – and governments (belatedly) want to create some controls.
Some readers probably have their own list of ideas. And I think perhaps one of the biggest and most important cultural shifts (which links many of the previous eight points) concerns the role of government.
Before 2008, investors often assumed that economies and markets were driven by apolitical and asocial forces. Today, however, nobody believes economics is just about hard numbers; on the contrary, “soft” political and social factors – not to mention the actions of central bankers – shape almost every asset class.
But irrespective of whether you approve or disapprove of these shifts (or have your own supplementary points), the crucial issue is this: our assumptions can stealthily change, often in ways we barely notice. Which is why, of course, we periodically need to ponder our ideas, and then ask ourselves another crucial question: could this conventional wisdom shift again, in the next five years? And if so how will this affect asset prices, or the policy debate?
The system should be fashioned so that the risk is solely borne by the participants in the transaction, not by the taxpayer.
However, the reality is that due to the FIRE sector’s massive lobbying over the years, they have created a system where they push a great deal of risk onto the taxpayer, while they keep the profit.
So, the FIRE sectors receives significant subsidies and guarantees from the taxpayer, directed by politicians. From that inflow, a portion is directed back to politicians.
Even if the company is run aground, the executives receive a once-in-a-lifetime payoff, thanks to these guarantees.
Individual stocks are in the highly aggressive category. They are much more risky than stock mutual funds, which spread the risk. I suggest continue adding to stock mutual funds such as VFIAX. Since inception in November 2000, VFIAX gained only 4.5% average. So stay in the accumulative phase on that at least anither ten years. But if you have a stock up 200% in a short amount of years, you are more likely in a cycle, not in a Dell like the late 80s. The Dell stocks are a needle in a haystack. You are never sure when its cycle ends. So get out steadily of any stock that you are doing well in and not sure if it’s cyclic. Here is a test to see if it is cyclic: if you are not sure it is cyclic, then it is cyclic. That is good for three to six years and then diving.
The “why” and the”which” were just explained. When? Anytime. 2014 is the year I should cash out my cyclical.
NEW YORK (MarketWatch) — U.S. stocks rose on Thursday after data showed a decline in weekly jobless claims, with the Dow Jones Industrial Average adding more than 100 points and on track for its 50th record close this year.
The Dow Jones Industrial Average (DJIA +0.72% ) jumped 116.24 points, or 0.7%, to 16,473.30, on track for its 6th straight record close and 50th record close of the year.
The S&P 500 (SPX +0.46%) added 8.23 points, or 0.4%, to 1,841.54, putting it on track to close at a record level for the 44th time this year.
…
Because maybe you have enough gains to realize and keep your portfolio balanced?
63% stocks and stock mutual funds, 10 to 15% precious metals physical, and 22 to 27% cash, short term treasuries, municipals. That is my ratio. I would be comfortable going slightly below 60% in 2014 though.
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Comment by Whac-A-Bubble™
2013-12-26 14:39:13
Fair enough, if you are playing the rebalancing strategy.
On a happier note from all the sugar hostility, I volunteered at a Community Christmas Dinner and it was a great Christmas Day. Hubby ate, I helped people. A win-win.
A Jewish Temple sponsored the event, and even bused in the elderly,homeless, and indigent. The churches got some leftover catered food, and Costco donated all the desserts. What a fantastic day. The true meaning of the holiday.
Now get to the mall and make those returns and post Christmas purchases. My new mall mgmt job is counting on it.
cactus
T.O. high cafeteria was the location of the dinner. Free fun and lots of diversity. Go next year. The beach sounds like fun on Christmas Day. Bet is was all yours.
Whac-
We have the sugar buzz ourselves. Man, getting old sucks. We deboned a Costco roasted chicken today to bring ourselves down.
We call breakfast cereals “sugar shocks”.
Go with steel cut oatmeal. Low in glucose, great for your heart too.
(Comments wont nest below this level)
Comment by Whac-A-Bubble™
2013-12-26 19:06:27
I’m with you there, pal. Also has better taste and texture than the traditional Quaker Oats oatmeal.
Comment by inchbyinch
2013-12-26 20:22:11
steel cut oatmeal
Bill and Whac
I’ll try it. The glycemic index thing usually makes us default to seasoned egg whites, but I’ll give it a try. I trust you two.
Quaker bought off the heart and diabetic associations according to Dr. Davis MD.
Comment by Bill, just south of Irvine
2013-12-26 21:35:36
I just know a few years ago I cut my cholesterol from 260 to 190. Oatmeal was part of the deal. Lots of green tea too. But now I cannot drink green tea anymore. Cholesterol went up again (not so high) so I am trying my same stuff without the tea. Switched from hamburger fast food 3 days a week to subway. My nurse practitioner was telling me I should go on a statin. Instead I told her to give me 6 months and see. She was astonished. My doctors now like my high HDL.
Comment by Prime_Is_Contained
2013-12-27 11:15:21
Switched from hamburger fast food 3 days a week to subway.
Bill, you tout exercise and health as much as you do, and eat like that?!?? Seriously??
There is a book or blog waiting to blossom. It ties the virtues of being forever: single, renting and living far below your means. Maybe investing and consulting would be categories four and five. Keep short leases, never make a contract lasting over one year (or you R nutz ). All this ties into something. Not sure but maybe considering yourself stateless and sovereign.
Tonight I am watching on Animal Planet the Alaska Reality shows, sipping Pinot Noir (Winderlea Vineyards’ Ana Vineyard 2009), ate a very healthy diet all day, and my debt is all paid off.
I have a lot of blessings I am counting. My late parents, ex girlfriends, former colleagues, friends, antagonists. I met a lot of people in my career. I recommend consulting to everyone.
I’m at my Mormon BIl’s house in Utah, and there isn’t a drop of alcohol in the house.
It must be that “sugar hostility” which InchByInch mentioned.
(Comments wont nest below this level)
Comment by inchbyinch
2013-12-26 20:15:16
Whac
“Wheat Belly” book was solid on the NY Times Bestseller list for months. Look for my new book “Sugar Hostility - It’s not my fault, I ate too much sugar.” Twinkie Defense circa 2014.
The great thing about the life you live is that you can go anywhere you want, do anything you want at any time you want and nobody cares.
The terrible thing about the life you live is that you can go anywhere you want, do anything you want at any time you want and nobody cares.
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
By PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM
A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.
David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”
His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won’t result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management.
Marotta said that many clients fear an end-of-the-world scenario. He doesn’t agree with that outcome, but does with much of what has people worried.
“I, along with many other economists, agree with many of the concerns expressed in these dire warnings. The growing debt and deficit spending is a tax on those holding dollars. The devaluation in the U.S. dollar risks the dollar’s status as the reserve currency of the world. Obamacare was the worst legislation in the past 75 years. Socialism is on the rise and the NSA really is abrogating vast portions of the Constitution. I don’t disagree with their concerns,” he wrote.
In his latest note, he said that Americans should have a survival kit to take in case of a financial or natural disaster. It should be filled with items that will help them stay alive for the first 72-hours of a crisis, including firearms.
“A bug-out bag is a good idea depending on where you live even if the emergency is just power outages, earthquakes and hurricanes. And with your preparedness you will be equipped to help others who might be in need,” he wrote. “Be prepared. Especially because it keeps you from being scared.”
He provided a list of items and even a link to bug-out bags on Amazon.
Paul Bedard, The Washington Examiner’s “Washington Secrets” columnist, can be contacted at pbedard@washingtonexaminer.com.
SAN FRANCISCO (MarketWatch) — Shares of WPCS International Inc. (WPCS +27.15%) jumped in the extended session after the firm said its BTX Trader unit launched a beta version of a platform to trade bitcoins. Shares of WPCS rose 14% to $1.72 in moderate volume. The platform, available at http://www.btxtrader.com, combines data and order execution on the five most popular bitcoin exchanges, WPCS said. The volatile digital currency last traded around $799, according to Mt. Gox.
America must dump its ‘disrupters’ in 2014
Fresh thinking is highly desirable, particularly in the gridlocked world of US politics. It should not be confused with the chanting of faddish mantras
By Edward Luce
Published: 17:11 December 24, 2013
Gulf News
If there is a buzzword that deserves to be strangled before New Year’s eve it is “disrupter”. Like many neologisms, it originated in Silicon Valley and has spread like a virus into US politics and media. Even as I write, it is preparing to colonise global forums such as Davos through online Ted talks and other channels. Other examples include “thought leader”, “fire lighter” and the word “pivot”, which it seems we must all practise even if we are unhinged. But “disrupter” gets first prize. Rarely in the history of bad terms has a new one been so misconceived.
In its place of origin, a “disrupter” is a swashbuckling entrepreneur who comes up with a new product or way of doing business that upends the market. Think of Steve Jobs, Mark Zuckerberg or Peter Thiel. It is also linked to the bigger concept of creative destruction, whereby, the old dies in order to make way for the new. Yet, even in Silicon Valley it can be misleading. Like so many coinages from the US tech sector, this term flatters to deceive. Most innovation comes from patient and collaborative teamwork rather than solitary eureka moments in suburban garages. But in Palo Alto, at least, disrupter retains some link to what people should aspire to do.
The same is not true of politics. This year has been among the most disruptive in America’s recent history. It started with a fiscal cliff, which threatened to tip the US budget into the abyss. Disaster was averted — but only for a while. It moved on to “sequestration”, a uniquely Washingtonian coinage, which applied blind cuts to vital US defence and domestic programmes. And it built up to the 16-day US government shutdown in October and the near disastrous flirtation with a default on America’s sovereign debt. There was nothing creative or constructive about this.
If there was one US politician who claimed the disruptive moniker for himself, it would be Ted Cruz, the firebrand Republican senator from Texas. In the ordinary course of events, the less said about Cruz the better — his brand is fuelled by negative media. But this is an exception. In Silicon Valley, someone like Cruz may be celebrated as an iconoclast storming the citadels of business as usual. Anywhere else, particularly in public policy, Cruz should be seen as an arsonist. If you threaten to burn the house down to get your way, it will sustain damage. US governance is weaker because of “disrupters” such as Cruz.
…
Well the Fed in its infinite wisdom has gone and done it again. They’ve created another bubble. And this bubble is arguably the 6th in the last 13 years (tech, real estate, credit, bond, oil, and now stocks - again). And let’s footnote the Fed’s creation of the present echo bubble in housing, for good measure.
If one steps back far enough they can see what’s really happening. The Fed has now manufactured a parabolic move in the stock market. This parabola is much more aggressive (and thus even more unsustainable) than witnessed at either the 2000 or 2007 stock market tops.
Now here is the problem - parabolas always collapse. There are never any exceptions. When the pin finds this bubble it’s going to take down not only our stock market, but unleash a destructive force on the global economy.
At some point profit taking starts as nervous professionals fearing a regression to the mean event start to lock in profits. As the big institutional money starts to come out of the market the selling begins to accelerate and the losses quickly mount.
The steeper the parabola the quicker the losses once the parabola breaks. It’s not unusual to see 3-6 months of gains evaporate in the space of days when one of these structures collapses. I have a pretty good idea the level to which this market will fall initially, once the break begins; more on that in a minute.
The path creating this unsustainable market behavior began in 2011. If the Fed had just allowed the market to correct naturally and drop down into its 4 year cycle low in 2012 we would probably now be on a sustainable path into another secular bull market.
…
Name:Ben Jones Location:Northern Arizona, United States To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
PayPal is a secure online payment method which accepts ALL major credit cards.
Connection Slowdown
Utilities, seeing a threat to about $360 billion a year in power sales and a challenge to the hegemony of the conventional grid, are feeling the heat and fighting back. HECO, despite criticism from Hawaii’s solar industry, denies the moratorium is anything more than an honest effort to address the technical challenges of integrating the solar flooding onto its grid.
The slowdown comes in a state where 9 percent of the utility’s residential customers on Oahu are already generating most of their power from the sun and where connections have doubled yearly since 2008.
In California, where solar already powers the equivalent of 626,000 homes, utilities continue to aggressively push for grid fees that would add about $120 a year to rooftop users’ bills and, solar advocates say, slow down solar adoptions.
http://www.bloomberg.com/news/2013-12-26/utilities-feeling-rooftop-solar-heat-start-fighting-back.html
===========================
the title of this article talks about utilities companies ‘fighting back’. what a crock.
power companies tell you to use as little power as possible so they can charge an arm and a leg for it. the socialist progressives will complain about ‘the free market’. that’s also a crock.
governments have given utility companies the power of a monopoly because they think it will keep power prices low. in return citizens get a regulatory board that the power companies have to go through in order to raise rates. sounds fair, huh?
but capture theory says that money will capture power, and most of these citizen’s boards are either bought off or bamboozled by the false economics peddled by the power companies.
now they have connection fees which mean that if you go on vacation and shut everything off, they will still charge you a monthly fee for the privilege of being connected. it wasn’t like this years ago, but it’s turned into quite a racket.
i promise you that when everyone gets solar electricity, the PTB will charge you by the square foot of solar panel for accessing their sunshine.
they’ve become the creepiest, most anti-free market, socialist, big government enabled entities we’ve ever seen.
solar electricity is becoming cost effective for consumers. the only barrier now is storage, and you’ll see the power companies fight that tooth and nail too.
hopefully, the power companies will soon go the way of the dinosaur. we’d all be better off with the new high efficiency panels coming onto the market. it’s no longer true that it takes more power to produce panels than they put out over their effective lifetimes. power can be both cheap and highly reliable. but you can count on them trying to buy off government at everyone else’s expense.
will solar ever take over? not much chance of that in the north with less hours and less direct sunlight. but the point is that solar should be allowed to take over as much as possible.
“in the north with less hours and less direct sunlight”
Some northern areas could operate on geothermal. And although I”m no scientist or geologist, seems to me it wouldn’t be a bad idea to siphon off some of that geothermal energy instead of letting the pressure build up and then blow out through a volcano. Iceland seems to have made a go of geothermal as a viable source of energy.
i’m for using all the power generating possibilities we can get. geothermal, nuclear, solar and there’s a new wind generator that doesn’t have rotating blades, and yes even coal. coal is getting cleaner all the time. i support all of them. but solar is really promising in that it is like a perpetual motion machine that produces more power than it takes to make. of course it’s not really perpetual, because it relies on the sun. but that’s about as close to perpetual as we can get.
It doesn’t get better than nuke.
Palo Verdes nuke plant in Arizona is loved by us in Arizona. Not built on a fault line. Generating lots of clean energy. Phoenix air would be much dirtier if it was not for the nuclear plant. 50 miles west of Phoenix near Tonopah, Az.
Arizona a great place to put nuclear power, your precious metals, and own guns.
Dead against nuclear here. Fukushima, that sort of thing. We’re just not up to handling it, really. And Duke Energy just shut down the nuke plant north of us here for structural failure, leaks, etc. Of course, they have to keep on a maintenance crew at the de-commissioned plant to make sure there aren’t any “accidents”.
i know there’s a tremendous backlash against nuclear right now.
japan built their reactors right on a nuclear fault line that they knew about. on top of that the design was cheap, not safe. and add to that that fukushima is an on going disaster.
same with chernobyl. no one but statist bureaucrats would have built that graphite plant. but it was ‘cheaper’.
nuclear can be made extremely safe now. check out the new pebble bed reactors. nuclear is the most power dense supply we have and maybe ever will have. with all the new power demands on the way, we need nuclear to keep the lights on. we at least need it to help transition to solar over the years.
with all that said, fukushima is far from over. and i don’t think we’re being told the truth about how much radiation is being released, nor how bad this can yet get.
the whole world should have been helping japan get fukushima under control. especially the russians with their experience.
“with all that said, fukushima is far from over. and i don’t think we’re being told the truth about how much radiation is being released, nor how bad this can yet get.”
BINGO
Not only is buying a house in CA a financial death sentence, it’s a physical one too.
Why do you guys all hate capitalism?
Why do you allow us to live in your head rent free?
those poor people in japan have been lied to by their government. many are going to get sick..
we don’t yet know how much this is going to affect the rest of the world.
Why do you guys all hate capitalism?
why do you hate big government??
Harvey Wasserman…..no nukes org
http://www.truth-out.org/opinion/item/20116-chernobyl-was-transparent-compared-to-fukushima-harvey-wasserman-on-the-ongoing-crisis
from uranium we could move on to thorium which is 6 times more abundant than uranium. it is also safer and cleaner and will actually burn up nuclear waste. imagine that, using nuclear to clean up nuclear.
there are a few technical issues yet with thorium, but they will be solved. in the meantime, we need uranium. to thrive we need a cheap, stable power source. the cheaper and more reliable it is, the better off we will be.
Uranus is said to contain copious amounts of natural gas.
there are a few technical issues yet with thorium, but they will be solved.
Unfortunately, they’ll probably be solved by the Chinese, rather than by us.
And note that the only reason that there are still “a few technically issues” remaining is because the US gov decided to de-fund (thus suppressing) the thorium-salt reactor technology almost 40yrs ago. The reasons are varied and arguable but my personal belief is that it was killed because it was TOO clean—e.g. the competing fast-breeder technology was considered a better fit for the cold war, which needed a source of fuel for nuclear weapons production.
It is nice to see the resurgence in MSR technology, though.
You can’t have your cake and eat it to. If you want to be independent and go “off grid” then do exactly that. Don’t ask for electric service, as a back up, and expect it to be free. Although not in use for the majority of the time the meter, wires and cables have to be maintained. Also, if you plan on selling the power back to the utility, which may offset the connection costs, you have to be connected.
Don’t ask for electric service, as a back up, and expect it to be free.
nobody is asking for it to be free. just don’t charge us for electricity we didn’t use. we know you like your power grab where you can just decide to charge a minimum fee just to be connected to your power company. but since you’ve got a monopoly, that’s called extortion. and you guys are the real pirates.
Although not in use for the majority of the time the meter, wires and cables have to be maintained.
all that should be figured into the price of your electricity. you guys would like to separate everything into countless tiny ‘fees’ that you think people won’t quibble over and find a neat way to overcharge. as daffy duck would say “yer despicable”.
Also, if you plan on selling the power back to the utility, which may offset the connection costs, you have to be connected.
i for one, would rather not be connected. hopefully we can make it happen and you can go look for another job. and if we can get rid of your big government buddies, it might even be a higher paying one.
nobody is asking for it to be free. just don’t charge us for electricity we didn’t use.
We’re ratepayers, not customers. That’s how monopolies treat us.
Maintenance of the electric infrastructure is included in the price of power. In this scenario if a customer is not using electricity but is still connected (has a meter, electric loop, maybe a service pole etc) they will not be paying for their own infrastructure maintenance. If the meter does not spin they don’t pay. However, if a storm comes along and rips the loop off the house or breaks the pole in half the utility is required to make those repairs. The connection fee would take care of that. Maybe the fee that is quoted is too high for the probability of that event happening but that’s not my point.
Also, you are assuming most utilities are buddy buddy with their regulators which is not the case. Some of these relationships are outright hostile.
“Maintenance of the electric infrastructure is included in the price of power.”
No it is not included in the rate. It’s a separate and distinct charge every single month regardless of demand.
And it’s a rip off.
Maintenance of the electric infrastructure is included in the price of power.
then make it a single price that’s easy to calculate and track.
In this scenario if a customer is not using electricity but is still connected (has a meter, electric loop, maybe a service pole etc) they will not be paying for their own infrastructure maintenance.
do you guys want to sell electricity or not? if you do, then accept the maintenance. plan ahead and know that there will be occasionally situations like this. you act like it’s a privilege to buy from you guys. you know what i want? i want you to get rid of the regulatory boards and welcome competition? wouldn’t that be nice? and don’t tell me it would drive up prices, because i know that it would do exactly the opposite.
Also, you are assuming most utilities are buddy buddy with their regulators which is not the case. Some of these relationships are outright hostile.
i covered the ones you’re hostile with. you bamboozle the dumbed down citizens into thinking you need the rate hikes to survive. why not just open it up to all comers for competition? the lines in existence have really been paid for by consumers already, so whoever can produce the cheapest power gets to use them. i wonder how many competitors would spring up around you?
i’m really tired of government protected monopolies like you guys. wanna live in a free country? learn to accept competition as a fact of life that you boys can’t circumvent.
Well its included in my rate. I do not have a separate maintenance fee added onto my bill. This will vary depending on each utility and public service commission.
So if your consumption is ZERO kWatts in any month, your bill is ZERO dollars for that month?
I own a property that I’m fixing up where I have had Zero consumption in certain months. The house is fitted with remotely operated switch on the AC condenser unit which I am given credits for. I have had months where I have received credits with no charges.
What is the name of your utility?
BGE
Standard Delivery charge for residential service is $7.50/month and the lights haven’t even been turned on yet.
http://www.bge.com/myaccount/billsrates/ratestariffs/electricservice/electric%20services%20rates%20and%20tariffs/p3_sch_r.pdf
You have some type of temp service. Not typical residential service.
Anyways, what’s the $7.50/month for?
Personally, I think it makes good sense to separate the grid (and grid maintenance) from the delivery of power via the grid.
Common infrastructure should be operated for the common good—e.g. not owned by a for-profit company. That is the primary mistake made in the way that most regulated utilities are structured.
The grid is a public good, and should be owned by the public; it should be operated as a not-for-profit utility.
It is reasonable to pay a small fee to connect to the grid—after all, you are gaining a benefit from being connected, in the form of gaining access to all of the energy suppliers who are also connected to the grid.
Any power-supplier should be able to deliver power to the consumer through the grid.
Many of the ills of the current model are due to the fact that we tie together the grid, and maintenance of the grid, with a single power provider—and then let the entire combined beast act as a for-profit company. Regulation attempts to, but can’t really make up for the structural problems of this form.
By separating these two different functions (infrastructure, vs service provided over the infrastructure), the problems are addressed structurally; the result is that little-to-no regulation would be required.
i want you to get rid of the regulatory boards and welcome competition?
but you only want one set of utilty poles
also you would rather that the “competition” supplied alternating current, in phase and at the same voltage
up until 2005, Consolidated Edison supplied some customers with direct current.
http://en.wikipedia.org/wiki/War_of_Currents
But if it is a “public utility” it should be free shouldn’t it?
Leave it up to these behemoth energy companies to resort to dirty pool. It’s gone from providing a useful service to “you’re going to give me your f**king money one way or another.”
BINGO
Yesterday this comment was made:
The news reporters were out polling people, and people were all UNsatisfied with “capitalist” $7/gallon milk
Well, this made me laugh. The comment portion was in reference to not passing the farm bill causing milk prices to rise. The funniest part is, the farm bill passage is to fix the base price that the government pays to subsidize milk farmers. Without the new farm bill “old law” kicks in that has never been repealed. It forces the feds to buy more, and at a higher price… The new law is just to correct this idiotic cruft law that is hanging around and no one has seen fit to repeal.
If ALL of these “farm bill” provisions were removed, milk would probably fall to 2.50 per gallon. So know what you are talking about before you berate capitalism with this milk example, because you just look foolish.
If ALL of these “farm bill” provisions were removed, milk would probably fall to 2.50 per gallon.
Got a reference or research for this?
Is 10 years of jerking cows and trying to earn a living in a screwed dairy industry enough?
Got a reference or research for this?
that’s your argument?
All of these threats of higher prices are just that- idle threats. They’re nothing more than scare tactics to try to sway public sentiment. I don’t know who buys into this crap, but I surely don’t.
“If you have to borrow money for 30 years, it’s not affordable nor can you afford it.”
You can say that again.
Rent for thirty years and be left with nothing but an empty bank account.
Buy a home, build equity with every mortgage payment, deduct the interest from your taxes, and after thirty years retire with a paid off home. And you can paint the walls any color you want.
Trust me.
More people should trust you. Realtors are educated, certified professionals, who must pass a series of examinations that are more difficult than the bar, CPA, and CFA combined. Some of the smartest people I know are Realtors. And many of them are quite wealthy, but despite that wealth, continue working to help home buyers, because what Realtors love most is helping people.
Realtors are educated, certified professionals, who must pass a series of examinations that are more difficult than the bar, CPA, and CFA combined. ‘
hahahaha you’re funny
“continue working to help home buyers, because what Realtors love most is helping people.”
Hopefully after reading that comment, those of you who have been arguing with Amy as if she’s serious will stop.
On what planet is helping people destroy their future household financial stability a beneficial service?
Hopefully after reading that comment, those of you who have been arguing with Amy as if she’s serious will stop.
Personally, I’ve found it quite delightful to watch the interchange between an obvious tongue-in-cheek tweeker persona with those who take it as though it were serious, and respond—that’s the entire beauty of it!
amy hoakum.. the same false, tiring drivel day after day.
That’s how it works alright, unless you are dumb enough to buy at today’s echo bubble prices.
Math is hard. If I rent at 1/5 the cost that my peers spend on their “mortgage”, and I save the money, how do I end up with nothing? Seems to me that I ended up with a lot of cash. Maybe I did something wrong?
Amy Hoakum and his ilk assume that if you don’t waste 40% of your income on a mortgage, then you will throw the money down the toilet. Investing isn’t part of his vocabulary.
I pay $300 less on a mortgage in Phoenix for a house that’s bigger than my old apt
Are you positioned to reap the gains from more record closes on Wall Street?
Bulletin U.S. weekly jobless claims fall 42,000 to 338,000 »
Dec. 26, 2013, 7:26 a.m. EST
Wall Street gears up for record closes 50 and 44 of ’13
By Barbara Kollmeyer, MarketWatch
MADRID (MarketWatch) — Wall Street was eyeing more gains on Thursday as stock futures rose, though volumes could be thin as many investors are expected to sit out the remaining trading days of the year.
Weekly jobless claims are on tap, while many retailers will be in focus on a busy post-Christmas shopping day. Several stocks that hit fresh highs on Tuesday could also grab attention.
…
nope been out of that rigged casino for awhile. waiting for a big collapse. reminds me of dot com bubble.
fixt.
reminds me of
dot comthe current housing bubble.ino.
Dear stock market: Hurry up and cash already!
It’s cashing huge!
hahaha. I make typo.
Yes! Take money off the table by realizing your biggest gains. So if you have a 460% gain in two years, how many years of an annual 10% gain does that amount to?
7.72 years for 100%, doubling 7.72 years later and quadrupling in another 7.72 years. 23 years? Proceeds can go to two year notes. And precious metals.
Bill, are you seeing what is happening to platinum today. It is just the start.
Up 1.5%.
2014 or 2015 will be platinum’s year. I will get on the train. Still selling off my staffing company stock in pieces. It is up more than 1% today.
A Market a pulse pro sold all his position a week before the runup. He made 29% gain. Not bad. I made 466% gain (bought far earlier). Had the pro waited a week he would have made a 35% gain. But he is smart to ake money off the table.
If you bought way early you can take some money off the table a batch at a time. I have a Bach of 1700 shares at $2. A batch of 1100 shares under $5 and a batch of over 1700 shares at under $6. A couple more batches at higher prices. I tr to liquidate the shares I bought at the highest cost first. Will end up with 1700 shares at $2 for cost basis and might just want to hold them for fun for another market cycle in staffing. That would be a 20 year hold mabe.
Current price of the stock is well above $30!
Sweet !!
Business
When Fed takes stock, Fed really takes stock
By John Crudele
December 24, 2013 | 1:30am
Back some 15 or so years ago, when I started suggesting that the stock market was being rigged, I’m sure everyone thought I was crazy.
The logic behind that opinion didn’t matter. I explained that a former Federal Reserve governor recommended in 1989 that such a thing be done. And I explained how Ronald Reagan had formed a committee called the President’s Working Group on Financial Markets that could take care of such things.
And I even said that, in my humble opinion, this was good because the market is a dangerous animal when it gets loose of its senses and decides to plummet for no reason. That was clear during the crash of 1987 and the near crash of ’89.
I also mentioned that this remedy for market crashes should be used sparingly. The Fed guy who proposed this, Robert Heller, said as much.
So I had to laugh when I discovered that the Fed’s rigging of the stock market is now discussed openly on the Public Broadcasting Service.
The issue of the Fed’s rigging of stocks came up on Wealthtrack, a Dec. 20 PBS show hosted by Consuelo Mack. The show was supposed to be a look back on the Fed, which is celebrating its 100th birthday, but it veered off the homage track a bit.
The guests were Jim Grant, one of the few financial gurus on Wall Street who does have a clue, and Richard Sylla, the Henry Kaufman Professor of the History of Financial Institutions and Markets at NYU’s Stern Business School.
I don’t know Sylla, but I do know Henry Kaufman, a famous financier. And I think Henry would have had a stroke to hear what Sylla said.
“The Fed seems to have — I think almost deliberately — is trying to push the stock market up,” said Sylla, with a bit of a grammatical hiccup. “I’ve watched this stuff for 40, 50 years now, and this is the first time in my memory when it seemed to be official US government policy that the stock market goes up.
“And the Fed likes this because it thinks that when the stock market goes up, people who own stocks feel richer, they’ll go out and spend more money, and the unemployment rate will come down.”
Grant concurred. “New thing — [the Fed] is in the business of talking up the stock market. The Fed is manipulating prices, especially on Wall Street.”
The Fed has tried to boost the economy with its radical policies since the 2007 crisis, and it has, overall, failed.
…
2009-2013: don’t bet against the Fed. Win with the Fed.
2014 get rid of all non-mining and non-oil-related individual stocks and put proceeds into TBills and two year notes. Continue to dollar cost average into existing stock mutual funds.
Buy platinum, silver, palladium, gold.
“Continue to dollar cost average into existing stock mutual funds.”
That’s been my strategy, I’ve been putting a set amount of money into an index fund, on the 1st, 10th and 25th of the month. Dollar cost averaging into the s&p500. It’s just there, every month, on auto pilot, I don’t even think about it. It’s a low expense fund, only 0.06% with no loads.
You also have a ski slope in your backyard, and an Olympic-sized swimming pool, and a mansion with a view, and your particular house did not drop in value at all, even though all the other houses in that city dropped in value by a lot, and you don’t even have to think about whether you are making or losing money because you have so much of it, and only a very small percentage of losers in the USA are affected by finances anyway, and the rest of us are just crazy.
PS: You lie like a fly, and you get paid to do it.
LOLZ.
Ski slopes in Atlanta…….
I don’t have a ski slope…I have several acres of land, some of which is sloped. And since it’s sloped, it can be used to ski on. A mansion? Wouldn’t go that far. A view? Indeed…a fantastic view. I know this is a hard concept to fathom for someone who lives in a 1 bedroom urban apartment with a view of a parking lot or a freeway, but trust me, it’s not that uncommon.
Olympic sized pool? Hardly. It’s 25 feet long.
In the real world millions of people live like me….nice house, a pool, a view, etc. You need to get out more.
Slithers = phony.
Sure thing Slithers.
Uncle Fed - really? Damm, you got it bad don’t you?
“A view? Indeed…a fantastic view.”
I know that the Rathdrum Prairie has vista views at ground level. Also, a C185 only needs 1200-ft of dirt runway.
Slithers:
If you would bother reading and responding to the comments that people have actually been making over the past couple years, then you would know that I don’t live in an apartment. I live primarily in an 1800 sq ft house on 2.5 acres with a three-car garage, a woodshed, and a …VIEW! It’s a nice place.
I also have a second house (an adorable cottage) that I rent in the city where i work. That one is tax-deductible.
I like it that you are suddenly downplaying your ridiculous claims though, now that they have been called out as such. RIDICULOUS. How much snow do you guys get in Atlanta?
He dishes out his own snow perhaps.
On Its 100th Birthday, The Fed Gives The World Another Stock Market Bubble
Dec. 22, 2013 4:45 AM ET
by FS Staff
In nominal terms, the stock market has now exceeded its two last major peaks and has shown, so far, only minor signs of slowing down. Many, like Jim Bruce, the director and producer of the documentary above, believe that much of the market’s gains are largely due to one thing: the Fed.
Ironically, as the Federal Reserve is about to celebrate its 100th-year anniversary on December 23, 2013, Bruce tells listeners in a recent Financial Sense Newshour interview that investors should probably expect a large amount of volatility next year as the Fed faces two major transitional events: unwinding its massive stimulus program and a change in Fed leadership from Ben Bernanke to Janet Yellen.
It is richness when you realize huge gains and sit on cash til the next cycle low.
Business & Real Estate
Fed action boosts stock market
Published on Wednesday, 25 December 2013 00:03
Written by Clyde Noel
With the economy showing signs of improvement, the Federal Reserve started its stimulus pullback and Wall Street investors went crazy, pushing up the Dow Jones industrial average nearly 300 points Dec. 18.
The Fed will trim its $85 billion monthly bond purchases by $10 billion beginning in January and keep long-term rates down. By keeping rates down, the Fed indicates its support of stocks that pay a much larger yield than bonds, including utilities and telecoms.
The stock market has enjoyed a wonderful 2013, fueled by the Fed’s low rate policy. Keeping rates low through bond purchases helps maintain low interest rates, which encourages borrowing and spending.
…
Robert Shiller ‘most worried’ about ‘boom’ in U.S. stock market
December 2, 2013, 6:17 AM
Robert Shiller has been out there talking about a stock-market bubble again. In a couple of interviews this weekend, he expressed concerns about a market that keeps going up.
Shiller has some clout among investors because he called a bubble in the U.S. housing market via his book “Irrational Exhuberance” just as everyone thought prices had nowhere to go but up.
Last week, Shiller said he was concerned about a rise in his cyclically adjusted price-to-earnings ratio. (Read the Wall Street Journal article). He said his CAPE ratio could be pointing to a bubble, but “it will take a little time to tell.” He also said the stock market could go up “even more,” but maybe investors should reduce holdings some.
On Sunday, in an interview with Der Spiegel Sunday magazine, the Nobel-prize-winning economist said he was not raising the alarm, but stock indices in many countries are at a high and “prices have risen sharply in some property markets.” This, he said, “could end badly.”
…
There are bubbles everywhere. The stock market, commodities, real estate, farmland- you name it.
This bull cannot be stopped! What is keeping you from buying stocks hand-over-fist so you can get on board the gravy train?
Dec. 26, 2013, 9:54 a.m. EST
U.S. stocks rise, eyeing more records
By Anora Mahmudova
NEW YORK (MarketWatch) — U.S. stocks continued their winning streak on Thursday, as indexes gained at the open and were once again poised to scale all-time highs.
The S&P 500 (SPX +0.25%) opened 4 points, or 0.2% higher, at 1837.45, putting it on track to close at a record level for the 44th time this year.
The Dow Jones Industrial Average (DJIA +0.35%) added 52.62 points, or 0.3%, to 16,413.93, on track for its 6th straight record close and 50th record close of the year.
U.S. stock futures rose, with the Dow Industrials on track to reach
The Nasdaq Composite (COMP +0.21%) gained 9.35 points, or 0.2%, to 4,164.90.
The Dow and S&P 500 closed at record highs on Tuesday in a holiday-shortened session and were closed on Wednesday for Christmas.
Historically, markets see abnormally high returns in the trading days between Christmas and New Year’s Day. Bill Stone, chief investment strategist at PNC Asset Management Group gives three possible reasons for such returns: portfolio adjustments for maximizing tax benefits before year end, investor optimism associated with the holiday season or possibly because a large number of short-sellers are on vacation until the new year.
…
Too late! You will spend hours to find a stock priced below book value, with steady increasing earnings for more than four quarters and with zero debt.
“…possibly because a large number of short-sellers are on vacation until the new year.”
The myth that short sellers can drive the market lower is still out there. In fact, a short only can make money if longs are willing to sell for lower prices.
In fact, a short only can make money if longs are willing to sell for lower prices.
No, a short can also make money if a NEW long decides that they want to buy at market price… and then some OTHER short sells to yet another NEW long who wants to buy at an even better, lower price… and then… eventually that first short closes out at this new lower price.
Note that existing longs don’t have to be involved in any way, and that new longs would be glad that they are getting a perceived bargain.
My admittedly simplistic understanding of how short selling works is that the short seller borrows stock and sells it with a promise to return the borrowed shares within some agreed time window. If the market price falls below the price at which the short seller sold, then he can buy the shares back at a lower price, return them to the brokerage where he borrowed them, and pocket the spread.
But this seems to depend on having somebody “long” the shares willing to sell to shorty at a lower price than at which shorty sold. I’m not clear whose shares shorty buys at the lower price in your version of the story.
I’m not clear whose shares shorty buys at the lower price in your version of the story.
If you think about it, it could be anybody’s share that the short buys to close out—even the shares being sold by someone else just going short.
Yes, but how did “someone else just going short” acquire his shares at a discount to what shorty paid? Somewhere along the line between when shorty borrowed and sold and when he covered, a long lost money on his shares. Otherwise shorty lost money.
Yes, but how did “someone else just going short” acquire his shares at a discount to what shorty paid?
By “someone else just going short”, I meant a different investor entering into a new short position; someone entering a short position hasn’t paid anything for his shares yet—he merely borrowed them.
“…someone entering a short position hasn’t paid anything for his shares yet—he merely borrowed them.”
He has to sell them to ‘be short’ then buy them back at a lower price to make money. Meanwhile the guy who bought them, or someone further down the sales chain from him, has to lose money on price decline for the short to make money.
“Are you positioned to reap the gains from more record closes on Wall Street?”
I sure am.
Sell.
Get what you can get now because it’s going to be much less if you wait.
There will be a time to sell. That time is not now.
Housing- The time to sell has passed. Limit your losses and escape now.
But you’ll know when the time to sell is, and you will be able to get your money out before the really big losses accrue.
“But you’ll know when the time to sell is, and you will be able to get your money out before the really big losses accrue.”
I’ve done pretty well over the past 15 years. I saw the dot com meltdown early enough and bailed. I was a little later than I had hoped in 2008 but I got back in early enough in 2009 to more than make up for it.
Nobody can predict this stuff exactly. The key is to ride the waves both up and down. Staying on the sidelines screaming about crashes is the sure way to never make any money.
“Staying on the sidelines screaming about crashes is the sure way to never make any money.”
That works with securities sometimes but remember… with housing, it’s always a loss.
Got cash?
“There will be a time to sell. That time is not now.”
Certainly too late in the sun belt. Up north, don’t know. But the fed’s easy money is drying-up, so the $30k millionaire bag-holders will be tougher to snare.
January 2 is a great time to sell. A new tax year and you can get maybe 1% additional interest in a short term treasury fund for more than a year before you need to pay the capital fan tax on the stock sale.1% is actually a lot more than you care if you made more than 100% long term gain on a holding you had for less than five years.
ft dot com
Global Market Overview
Last updated: December 26, 2013 5:07 pm
US stocks push further into record territory
By Michael Mackenzie in New York
Thursday 17.00 US stocks resumed their record breaking streak as economic data continued to buoy optimism on Thursday in thin post-holiday trading conditions.
With many global markets shut for an extended Christmas break, foreign exchange trading provided some highlights as the Japanese yen touched a five-year low versus the US dollar, while the Turkish lira plumbed a record low against the US currency in the wake of a cabinet reshuffle by Turkey’s embattled government.
The latest weekly US initial jobless claims fell to a below-consensus 338,000 from an upwardly revised 380,000 for the prior week. The data boosted equities and also pushed the yield on 10-year Treasuries above 2.99 per cent, just shy of September’s 3 per cent peak for the year.
“While the decline in claims is a positive development given their march higher in recent weeks, the data have remained extremely volatile due to typical seasonal volatility and the Labor Department’s struggle to smooth the data,” said Gennadiy Goldberg, US strategist at TD Securities. “With labour markets on the mend and consumer confidence on the rise, we look for broader economic improvement to continue pushing claims closer to the 300,000 mark in early 2014.”
US stocks pushed further into record territory, with the S&P 500 up 0.3 per cent at 1,839.08 at midday, closing in on an annual gain of 29 per cent, the benchmark’s best year since 1997. The Dow Jones Industrial Average was 0.4 per cent firmer at 16,428.41.
…
Got dirt?
They aren’t making any more land.
Dirt Bonds Lead Market in 2013 as Housing Rebounds: Muni Credit
By Michelle Kaske Dec 25, 2013 10:00 PM MT
Municipal debt tied to real-estate development is set to be the best-performing part of the $3.7 trillion state and local-bond market this year as an improving housing market boosts the securities’ earnings.
Land-backed debt, called dirt bonds, earned 1.1 percent through Dec. 23, more than any other area of the market, while all munis lost 2.6 percent, according to Standard & Poor’s data. The obligations are the riskiest part of the muni market, accounting for almost half of non-payment defaults, according to Concord, Massachusetts-based Municipal Market Advisors. The segment also beat the market in 2012.
The securities have benefited from the housing market rebounding from the longest recession since the Great Depression, said John Miller, co-head of fixed-income at Nuveen Asset Management LLC in Chicago. Builders in November started construction on the most homes in more than five years and housing prices are at their highest in more than seven years.
“These things all help the performance of the underlying credit fundamentals of land-secured bonds,” said Miller, who helps manage $90 billion of munis, including about $4.5 billion of dirt bonds. “This year, the economic recovery, to a great extent, is being driven by a better housing market.”
…
As one of our genius Realtor® trolls recently noted, higher interest rates lead to higher housing prices.
U.S. housing prices rise 0.5 percent in October
Chronicle News Services
Published 2:26 pm, Wednesday, December 25, 2013
Housing prices are still rising but are moderating as more sellers list properties and mortgage rates go up. Photo: Kevork Djansezian, Getty
U.S. house prices rose 0.5 percent in October from September as buyers competed for a tight supply of properties for sale, the Federal Housing Finance Agency said.
The seasonally adjusted gain matched the average estimate of 11 economists, data compiled by Bloomberg show. Prices climbed 8.2 percent from a year earlier, the FHFA said Tuesday in a report from Washington.
Home prices have increased across the U.S. as investors drain markets of inventory and improving employment brings in more buyers. Gains are set to moderate as more sellers list properties, fewer distressed houses are available for investors to purchase and higher mortgage rates cut into affordability, said Mark Vitner, a Wells Fargo & Co. senior economist.
“What we’re seeing now is more of a normalization,” he said in an interview before the FHFA report was released. “Investors are leaving the market, traditional buyers are coming back and price appreciation is returning to a more normal pace.”
…
I can put a $50k price tag on my 15 year old Honda Civic but where are the buyers at that price?
Now this is interesting. Those private, for profit corporations couldn’t cut the mustard getting those Christmas packages delivered.
http://www.cnn.com/2013/12/26/us/christmas-shipping-delays/
OTOH, it seems USPS did its job well. That’s the service I mostly use, unless I have to ship an exceptionally large package. I have to say, I’ve been pretty impressed with their work. Those folks who work at the local PO are very dedicated, too, with great customer service. Not all goobermint entities are bad. The PO does a good job, IMO.
As to the lame comment “but they’re losing money!”, bs. You’d be losing money, too, if the money in your bank account was siphoned off by Big Bro’ to fund other expenses not related to yours.
Talk to a postal worker some time. They’ll be happy to tell you all about it.
“Talk to a postal worker some time. They’ll be happy to tell you all about it.”
But only between 10:30 and 12:30 or 1:30 and 3:30, or whenever it is they decide they’ll do us a favor and actually open up a window.
My delivery person is the laziest person alive I believe. She never comes down the driveway to deliver packages. I mean NEVER. She leaves the stupid little pink slip in the mailbox. The USPS guidelines say if a driveway is less than 1/4 mile long, they must deliver to the house. Our driveway is close to 1/4 mile but definitely under the threshold.
Amazingly enough UPS and FedEx ALWAYS do come down the driveway and leave packages at the door.
The day the USPS goes out of business for good will be a good day for this country.
Not only does Detroit’s inexpensive real estate market make investment an easy choice, but investors are also eligible for various local, state, and federal tax credits for redevelopment. Today, about 50,000 Chinese live in the metropolitan area, including more than 15,000 automotive engineers.
http://finance.yahoo.com/news/why-china-stepping-presence-detroit-auto-industry-170012924.html
50k out of 4.3 million are Chinese?
Amazing….simply amazing.
It might be 500K before long…..talk about urban renewal…
http://politicalticker.blogs.cnn.com/2013/12/26/cnn-poll-gop-has-edge-in-early-midterm-indicator/
“Worthless housing….. worthless worthless housing. It’s worth less and less with each passing day.”
Houses depreciate. They always have, they always will.
Wrong again. Homes normally appreciate in value by 10% annually (and even more in some markets). And for every $1 of improvements that you add to your home, the value of your home goes up by $2.
You can trust me and Amy. Go ahead.
everything you said is false amy.
“Homes normally appreciate in value by 10% annually…”
Thanks for polluting the HBB with another Realtor® lie. The truth can be found on the pages of Robert Shiller’s book, Irrational Exuberance. Before the current housing bubble (say from 1890 through 1996), homes barely appreciated at a sufficient rate to keep up with inflation, and that price appreciation is offset against PITI and other ownership costs. You would have done much better by renting and investing the money you saved in the stock market, which has returned in the neighborhood of 7% above inflation since WWII.
Nice try!
Historically real estate appreciates 1% above inflation.
Historically real estate depreciates. Always has, always will.
“Historically real estate appreciates 1% above inflation.”
Before — holding — costs (and I repeat myself).
W-A-B is spot on.
Dollar cost average into broad stock index funds. If you are lucky with timing, time an individual stock and buy at its “2009″-style cyclic low. Sell three hears or so into the peak. But by golly, stock index mutual funds are most often a slam dunk.
Real estate is not an investment. Real estate is not retirement savings?
Of course, you can still make a lot of money off of a depreciating asset.
No when the price is grossly inflated and falling.
“Housing demand has fallen to 1997 levels and sliding ever lower and there are tens of millions of excess empty houses just sitting.”
Collapsing demand and excess supply is what happens when the price is massively inflated.
Not true. Interest rates are going to go up. And when interest rates go up, home prices go up too. Now is a good time to buy a home, so you can lock in a low interest rate at a low price. Wait too long and you may get left behind in this recovery. Buy now or be priced out forever!
Honestly; trust me and Amy.
“And when interest rates go up, home prices go up too.”
You’re a certified birdbrain.
Tweet tweet.
Before Michael Viking resurfaces to call me out on that post, let me clarify that in this case, the moniker was not an ad hominem attack, but rather an accurate description.
But some birds are smart enough to learn the names of colors and shapes. I saw a video of a bird dancing and singing along to a Christmas carol. I’m not sure if Ms. Hoax could qualify for the bird-brain cert.
“And when interest rates go up, home prices go up too.”
-1 LOL!
“And when interest rates go up, home prices go up too.”
Amy’s strong point isn’t economics, it’s pole dancing.
Do hermaphrodites pole dance?!
“Do hermaphrodites pole dance?!”
Are you telling me that camel has no toe?
This is an accurate illustration demonstrating where current housing prices are.
http://img266.imageshack.us/img266/8180/stagesbubble.png
You nailed it.
The doctor won’t see you? Analysts warn ObamaCare plans could resemble Medicaid
Published December 26, 2013
FoxNews.com
July 14, 2013: A doctor in Altamont, Tenn., examines a patient at a rural clinic.Reuters
Those signing up for private health care coverage on the ObamaCare exchanges may be in for an unpleasant surprise — they’ll have insurance, but they might have trouble getting the doctor to see them.
As hundreds of thousands enroll for coverage beginning Jan. 1, analysts are warning that the plans are likely to give them access to fewer doctors and hospitals. So much so, they warn, that the system could begin to resemble Medicaid, the health care program for low-income Americans.
“Indeed, I think this will eventually be like Medicaid,” said Merrill Matthews, director of the Council for Affordable Health Insurance.
Matthews said the only way many insurers are going to be able to control costs is by “simply clamping down on the amount they are willing to pay.”
…
Anyone stupid enough to go within 100 feet of Obamacare deserves what they get.
Slithers:
Obamacare is not just the exchanges. It is the new law, which applies to all individuals and all insurance companies. It doesn’t matter whether you buy the insurance through the exchange or not. If you have insurance, then it’s still Obamacare. If you don’t have insurance, then you are a scofflaw now.
There are plenty of insurance policies that are available outside the exchanges and ONLY outside the exchanges. These policies aren’t subject to the tax credits and they cost a little more. But for someone like me who dares earn more than $25K a year - ie an evil rich person - , it doesn’t matter since I don’t qualify for the freebies anyway.
Slithers:
If you like your policy, then you can keep your policy. Other than that, it’s illegal in the United States for an insurance company to sell a policy that is not Obamacare-compliant.
Let’s try again…
There are policies inside the exchanges and outside. They are all Obamacare compliant.
The ones inside the exchanges don’t have any doctors in their networks. They cost less and are eligible for subsidies.
The ones outside the exchanges cost more and have a wide network of doctors. They are not eligible for subsidies.
It’s not that complicated.
“The ones outside the exchanges cost more and have a wide network of doctors. They are not eligible for subsidies.”
+1 And my family’s PPO is going up 18% next week, IIRC. Frankly I’m surprised the business peeps like Bezos don’t rally in my favor because I have less to spend elsewhere as a consumer.
Slithers:
Do you see my knuckles dragging on the ground? No? That’s because I’m not as dumb as you.
To make it simple: “Any health insurance right now in the United States is Obamacare. The exchanges themselves are not the definition of the law. They are only one part of the law.”
Can you imagine having to live this way the rest of your life?
http://cullogo.com/full/wallpapers-headphones-girl-underwater-room-wallchan-1024×768.jpg
http://www.picpaste.com/household-income-dc-vs-us_2-ZvWWDwRs.jpg
The most amazing part of that graphic is that the Federal Government has had a pay freeze in place for several years running. What gives?
More $100K+ jobs being filled?
Free-market salaries going down?
The good jobs are contractors, not fed employees. Contractors make much more than federal employees at each rung of the ladder. You have an army of Ed Snowdens in their late 20s/early 30s who make 200k/yr working next to mid-career NSA employees making 40-50% of that. The contractors jump from one contractor to another to keep “leveling up” their pay, even though the level of their work stays the same.
There are millions of contractors with top secret security clearances. Yes, millions. I posted the exact number before, I believe it was 2 million or so.
That was what I thought; thanks for corroborating.
Those horrible people! How dare they make $200K a year? They should all be rounded up and jailed.
Power to the people comrade!!!
Nothing wrong with making 200k . 200k is a low mid-range of contractor pay. People in management for gov’t contractors make much more than that, several muliples of what feds with decades of experience make. There is something wrong with paying people 200k when you could get the same level of skill for half that price. The amount of waste and fraud in contractor billing is also staggering.
For example, you’ll see talented, dedicated feds like polly making 1/2 what private practice lawyers with just 3-5 yrs experience make, despite polly having MUCH more substantive experience, more contacts, and more responsibility for making big decisions. And the costs for the private practice lawyers are passed along to the gov’t because the contractors include it in their overhead and expenses.
Snowden was making 200k with a top security clearance even though his ONLY experience was working for gov’t contractors — he had no leadership position, no relevant prior experience, and was basically just someone who could pass a security clearance and sit in a seat for Booz Allen who paid him 200k and billed the gov’t 2x that amount for his services.
The “conservatives” here are a real joke when it comes to actually having an efficient yet meaningful government.
Yeah those poor govt employees, always so underpaid and under appreciated. Why I even hear they only get 9 weeks vacation these days and have to work until 55 to retire with full benefits/pension. The horror of it all.
Someone should start a telethon for them or something.
“Why I even hear they only get 9 weeks vacation these days…”
Reference, please.
“By Dennis Cauchon, USA TODAY
At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn, a USA TODAY analysis finds. Federal workers have been awarded bigger average pay and benefit increases than private employees for nine years in a row. The compensation gap between federal and private workers has doubled in the past decade.
Federal civil servants earned average pay and benefits of $123,049 in 2009 while private workers made $61,051 in total compensation, according to the Bureau of Economic Analysis. The data are the latest available. The federal compensation advantage has grown from $30,415 in 2000 to $61,998 last year.”
Tell me again how govt workers are under paid…..
VACATION/SICK DAYS: For your first 3 years of service you earn vacation at 4 hours per pay period (26 pay periods per year) for a total of 13 days. After 3 years of service you earn 6 hours per pay period and adjusted to total 20 days per year. After 15 years service you earn 8 hours per pay period or 26 days a year. For part-time employees, leave earned is prorated. You may accumulate 30 days and carry it over from year to year. However, any time earned over the 30 days you must use or lose. Sick leave is accrued at 4 hours per pay period (13 days per year) and does not change with length of service.”
26 days vacation plus 13 days sick leave = 39 days = 7.8 weeks.
Add to that the number of paid holidays govt workers get paid and it’s well over 9 weeks of paid time off.
“Tell me again how govt workers are under paid…”
I notice you conveniently omitted the date on that article you posted. How many years ago was it written? Cause last time I checked, the federal workforce had a pay freeze in place for several years running.
It’s 10 paid holidays. So a total of 49 days paid off a year for govt employees. 10 weeks of vacation. Which means every govt employee. Put it another way, on any given day, 19% of govt employees are not working, yet getting paid. Although in fairness to them, nobody knows the difference when a govt employee is at work or at home.
Sick leave equals vacation and 7.8 weeks = 9 weeks in your alternative reality, eh?
7.8 weeks = 9 weeks
Yes, it would have been more accurate to have called it “Paid Time Off” rather than “vacation”—but perhaps he should have just rounded it up to ten weeks as well. 7.8wks + ten paid federal holidays = 9.8wks, not 9wks. That is a lot of time off!
So far as I am aware, full-time federal employment positions are subject to open bidding. Perhaps even Slithers could qualify, given how massively overpaid he seems to think the federal workforce is.
The 10-year Treasury Bond yield has broached 3%, and the 30-year yield is knocking on the door of 4%.
Bulletin 10-year Treasury yield hits 3% »
Dec. 26, 2013, 11:35 a.m. EST
10-year Treasury yield hits 3%
By Ben Eisen, MarketWatch
NEW YORK (MarketWatch) — Treasury prices slipped on Thursday, sending the benchmark 10-year note yield above 3% for the first time since September.
The 10-year note (10_YEAR +0.57%) yield rose 1.5 basis points at 2.998% in recent trade, but it hit 3% just before 11 a.m. Eastern, according to Tradeweb.
The benchmark yield touched 3% on some trading platforms on Sept. 5, but otherwise last closed above that level in 2011.
“If those levels are able to hold again, that should help the market steady as it limps into the end of the year, but should those levels fail to hold in thin trading, the lack of flows could potentially exacerbate the pain from any significant sell stops,” said Mike Sacchitello, technical analyst at Stone & McCarthy Research Associates, in a note.
The 5-year note (5_YEAR +0.69%) yield rose half a basis point to 1.746%. The 30-year bond (30_YEAR +0.82%) yield climbed 2.5 basis points to 3.927%.
…
Eh heh.
“If those levels are able to hold again, that should help the market steady as it limps into the end of the year, but should those levels fail to hold in thin trading, the lack of flows could potentially exacerbate the pain from any significant sell stops,” said Mike Sacchitello, technical analyst at Stone & McCarthy Research Associates, in a note.
Translation I hope interest rate’s don’t spike but really have no way of knowing whats going to happen.. thin trading and all that you know.. sell stops
sell stops = bail
It’s funny to see how some people hyperventilate over 3%, as if the yield has historically been 1% or something.
In 2011 it was in the 3.5% range. In 2005 it was around 4%. In 2000 it was 6%. In 1995 it was 7%.
And in late 2013 it’s….OMG approaching 3%. End of the world ma!!
Get some perspective dudes.
8% interest rates are the end of the world? Nonsense.
Pick yourself up off the floor and hold your head up Slithers.
Slithers:
I believe our august professor is alluding to the consequences that a flight to quality may have on today’s stock market. Because today’s stock market (you may be aware) is widely regarded as overpriced, and most people believe that the prices are only a reaction to artificially low returns on government debt.
“Because today’s stock market (you may be aware) is widely regarded as overpriced”
Maybe on this blog and other perpetual bear circles. In the real world….not so much.
That’s part of the story. But Slithers assures us that he knows how to get out of his stock positions before the correction goes very far.
Well if you’re so sure about it, you should be able to make millions of dollars from your expertise. Yet here you are whining about it and staying on the sidelines as usual. So brave of you.
I don’t come on here and boast about my financial acumen like you do, Eddie. We know you have a boatload of Atlanta investment properties and a bevy of S&P500 mutual fund shares. We’ll also know when you are losing your shirt in the next downdraft, though I expect you to stop posting around that time like you did during the last downdraft.
There’s a difference between gambling your life savings and gambling the company money.
That’s interesting… we’ve never heard Whac a bubble whine…. not even once.
Why do you think that is Slithers?
If you’re sure the collapse is coming it’s not gambling. You guys talk the big talk. And that’s all….talk.
What collapse are you talking about Slithers?
Mr. Smithers: If you’re sure the collapse is coming it’s not gambling. You guys talk the big talk. And that’s all….talk.
Hedge Fund Vs. Index Fund: A Comparison - Forbes - Hedgies aren’t making big, risky plays with their own money.
Monkeys actually do better than the experts says one study, not merely as well as them. - Forbes
There are those who are good at blackjack and good at picking horses. But the reason the House consistently makes a lot of money and virtually no one gets wealthy from gambling is that while these folks crow about their successes, they keep their losses just between them and the House.
Where Are The Customers’ Yachts? (published 1940) “refers to an ancient story (which the author finds is probably at least 100 years old by now) about a visitor to New York who admired the yachts that the bankers and brokers had in the harbor. Naively, he then asked where the customers’ yachts were. Naturally, there were no customers’ yachts.”
Gamblers win and lose but it’s the House - the betting infrastructure - that consistently makes the money.
Sweet!
I like this headline:
‘A drop in Portland (OR) home sales?’
‘The Portland area has struggled with a low inventory of homes for sale for the past two years, with inventories favoring sellers and driving up prices.’
‘However, the Regional Multiple Listing Service said that as of November there were 34,478 new listings on the market, 11.3 percent more than in 2012. The average price for the year to date, $310,800, is 13.5 percent more than in 2012, RMLS said.’
http://www.bizjournals.com/portland/blog/real-estate-daily/2013/12/a-drop-in-portland-home-sales.html
Let’s see, 35 THOUSAND additional houses on the market, prices 13% higher and demand collapsing 23% in a single month (SA).
http://www.zillow.com/local-info/OR-Portland-home-value/r_13373/#metric=mt%3D24%26dt%3D1%26tp%3D4%26rt%3D8%26r%3D13373%252C207384%252C206971%252C271071%26el%3D0
You don’t think collapsing demand has something to do with the price do you?
And don’t forget… 90% of all foreclosures in Portland haven’t hit the market yet. The article was kicking around a here a few months back.
Ohbahhma and Holder just threw down the towel….we are all in for it now:
http://www.washingtontimes.com/news/2013/dec/26/federal-authorities-charge-white-knockout-suspect-/#disqus_thread
i knew the retaliations would start.
do you think this is the beginning of a race war?
No.
Quite right. There is no “race” war, although it may look like that.
The real “war” is between two groups of whites who despise each other with a passion. One group just happens to use blacks and other “minorities” against the other group.
“One group just happens to use blacks and other “minorities” against the other group.”
As shock troops, if you will.
But it’s not a race war, because no one will be more servile in the prosecution of this individual than some white elitist toady.
I think ohbahma is in love with charlie mason and would like to grant his last wish….so yes….when i see hundreds of blacks convicted of racial hate crimes i promise i will apologize and stop this viewpoint.
Dear rms, tj, and Bill:
I want you to know that your bigotry and continual verbal abuse of women/girls on the internet is cowardly and unacceptable. While rms demands that I must develop a thicker skin in order to withstand his abuse better, I disagree. Rather, women and girls must understand that there is a line to be drawn. Men and boys must not be allowed to spread such hatred and social/personal destruction without resistance.
How absurd for the three of you to reference some alternate “reality”, where relationships among people are a form of ownership/rentership, and *you* are the ones making the purchase decision. That is delusion if I’ve ever heard it. More precisely, it is a delusion that places YOU GUYS at the top of the heap. Perhaps you require this delusion because you can’t face the fact that you actually are not at the top of the heap, but you wish you were.
I can understand being against illegal immigration, or excessive legal immigration. That isn’t bigotry; it’s economics. I can understand some of the conversations about racism regarding black people. There is a history there with certain dynamics, and people of all races have to acknowledge that. However, these conversations should not be taken as a segue into general bigotry, or used as an excuse to slip back into the bad old days, when this blog was used regularly as a forum to lambast females, and to blame females for the housing bubble.
I will now make a statement that will seem like heresy to the bigots of this blog, so brace yourselves. You got a thick skin? Good. “Women and girls are the most important members of society, since they are the bearers of life and culture”. You got that?
If you want to spend the rest of your lives trying to insist that we are objects to be “traded”, then go ahead and be wrong. Just don’t expect to get any traction with the ladies (unless you like to pay for one-night stands). And don’t expect me to sacrifice the softness of my beautiful skin in defense of your DUMB opinions.
LOLZ
It is fine for me to rent myself out but not fine for a woman to rent herself out! I see. Call the femi Nazi storm troopers and search for us!
Bill:
The comment was made in reaction to something that YOU said. It was not made in reaction to something that prostitutes do. In the meanwhile, prostitution is illegal in the United States, and has been since the beginning of laws around here. So no, you don’t get to blame that one on “femi Nazi storm troopers” either. It may very well be that the only play you get is from prostitutes. However, that doesn’t mean that it is ever acceptable for a human being to discuss the purchase or RENT of another human being.
There is a little thing called “respect”. Learn it or not.
“There is a little thing called “respect”. Learn it or not.”
If you ain’t gettin’ it, you ain’t givin’ it.
(I know I said I was done, but this is something you ought to consider and if you honestly do so, you’ll feel much better)
In the meanwhile, prostitution is illegal in the United States ??
What ?? Check Nevada…
You’re right. It’s legal in one county in Nevada. I forgot about that.
It is illegal in two counties and legal in all the other counties of Nevada.
If you don’t mind my saying so (although you probably do), I think you may have misinterpreted some of the posts. First of all, regarding Bill, so he’s a bit of a bounder. Many men are and have been from time immemorial. I’ve seen him profess an animus to marriage and that’s fine, it’s not for everyone. Sure, he does push the point, but ok, different strokes for different folks. I haven’t noticed that he’s been particularly nasty about women, though.
as to rms, I really must have missed something here. From what I’ve gathered he cares about his wife and family.
Haven’t seen anything particular from tj, so I can’t speak to that.
What I HAVE seen is the age-old, timeworn battle between the sexes humor and although it may get edgy sometimes, I really don’t see outright attempts at degradation.
Although I want to post the knee-jerk “lighten up” response, I prefer the commandment from Bill & Ted’s Excellent Adventure:
“Be excellent to each other”.
And in that spirit, you might acknowledge some of the men on this board who have shown their decency and respect toward women. In Colorado comes to mind.
jose canusi:
I was referring to the comment made yesterday about how Eliot Spitzer was better off just renting “a wife” than buying one. Of course it’s not quite possible to rent or buy a wife, now is it? The three offenders were bill, rms, and tj.
As far as commending men for not being abusive toward women, I’m sorry, but that’s just expected. Nobody commends me when I don’t abuse my cat. I don’t think a guy deserves a medal in exchange for not being a bigot.
I’m just not the type of gal who believes that the way to fight against bad guys is to “lighten up”. That’s the only thing that enables these creatures and their cruel “humor”. (Hint: It’s not really humor. It’s a mean-spirited attack against the fairer sex, done on the assumption that women won’t/can’t hit back).
“As far as commending men for not being abusive toward women,”
Excuse me, miss, I said no such thing. You deliberately altered what I said to continue your harangue. Here’s what I did say:
“you might acknowledge some of the men on this board who have shown their decency and respect toward women.”
Big difference, but if you can’t see it, then you don’t deserve it.
I’m done with this. You’ve got a problem, and it isn’t men, although they may be a convenient target.
You might acknowledge some of the women on this board who have shown their decency and respect toward men. Why haven’t you? Is it because you take it for granted that women would naturally treat men with with decency and respect?
Unfortunately, I do not get to take the same thing for granted. I guess I’m supposed to tacitly accept that I will be disrespected, and go all gushing with gratefulness when someone acts normal toward me. I realize that a few people were raised to see the world in such terms. I was not, and I will not help to perpetuate such dysfunction.
If you want to defend the practice of selling/renting women and girls, then you’ve got a problem, and it isn’t women, although they may be a convenient target. Such language and behavior is not a “joke”. Not by a long shot.
As I recall, the women on this blog(at least they claim to be) typically pimped housing here… day after day after day.
The three offenders were bill, rms, and tj.
you’re a delusional psycho, lady. you can’t even keep your protagonists straight. show me where i’ve said anything against women.
oh, and just because i’ve said something against you, and you’re a woman, doesn’t mean that i’m against women. basic logic establishes that.
“you can’t even keep your protagonists straight. show me where i’ve said anything against women.”
Sheesh, I’m tellin’ ya. Jeebus.
tj:
Go back to yesterday’s post. I am so sick of bigots like you accusing any woman with self-respect of being a “psycho”. Do you just get so stoned every night that you can’t even remember what you said? Or are you just so egomaniacal that you actually believe I should be expected to put up and shut up?
If you seriously think that the comment below, in the context where it was written, should not invoke a nasty response, then you have a looooong road ahead of you. Your lack of humility is disconcerting at best.
None of those statements are hatred toward women.
You are the one having issues. Trying to finfpd trouble where there is none.
Your lack of humility is disconcerting at best.
tj: “yes, let’s be politically correct and pretend it doesn’t exist.
what’s the difference between renting a human and paying them a wage?
what’s the difference between paying someone and using them?”
yes your highness, i should be humble around your highness.
now tell me highness.. what in my quote tells you that i’m against women?
tj:
Because you characterize respect as “political correctness”. Because you think that if we publicly speak out against horrid behavior, then we are actually just “pretending that it doesn’t exist”, which is, obviously, the reverse of the truth. If I didn’t think it existed, then I wouldn’t be talking about it.
Because you think that if I dare raise myself to your level, then I have taken on heirs, and you flippantly call me “your highness”. Because only YOU are high (and allowed to control the discussion), but not me.
Bill:
1) Have you ever had a relationship with a woman where you did not actively attempt to be the “winner” of the arrangement?
2) You speak of renting women rather than buying them. Why?
3) If that isn’t hatred, then what is?
because?? because?
you can’t seem to follow along.
i didn’t ask you a ‘why’ question.
i asked you what in my quote is against women.
the answer is nothing. it’s all in your delusional psycho head, your highness.
tj:
I’m sorry, your highness, that I did not choose grammar that followed your own. “Your comments are hateful against women because …”
Do you understand now, or do we need to sit down in a little circle and use puppets and stuff? You could even draw pictures if you want.
Do you now have enough information to understand what it is about your way of thinking that characterizes you as a bigot? A person who would not generally be considered “dating material” by a lady who values herself and society? A person who is walking down a path of misery, paved by ego, and ending nowhere?
I’m sorry, your highness,
you demanded humility, your highness, not me.
so you still can’t produce any quote showing that i’m against or hate women. if you could have done it, you would have done it by now.
show me where i said anything about hating women. you accused me. now show me the quote and quit trying to explain why you’re right. show me a quote where i’m against or hating women.
tj: I already pasted your comments, and then you made more. Your life will probably improve after you have learned to admit your mistakes and to practice basic humility, your highness. The bigotry thing? You’ll feel better without it.
“Women and girls are the most important members of society”
Which as the pendulum swings far that way, leads to this:
http://www.amazon.com/Men-Strike-Boycotting-Marriage-Fatherhood/dp/1594036756
And possibly to this:
http://www.mgtowforums.com/forums/forum.php
Men aren’t boycotting marriage and kids. It’s the other way around. Women are boycotting it. Women just don’t see much value in marrying a man who will treat her horribly, and then bearing his kids and going to work while he plays X-box all day. Why in the WORLD would any woman in her right mind even go on a date with a guy who discusses whether he intends to buy her or rent her?
Have you ever wondered why Muslims are so unsuccessful on Earth? It’s because Islam treats women worse than the other major religions. That makes it impossible for their society to move forward.
In summary: The human race cannot survive unless men treat women properly. After all, women are the bearers of life and culture. We are the ones with the lock and the key, my dear.
Men aren’t boycotting marriage and kids. It’s the other way around. Women are boycotting it.
Then why are there magazines and TV shows dedicated being a bride but nothing similar for men? Why are there bridal stores but grooms just rent a tux at the Men’s Wearhouse?
Women might be avoiding jerks, but they still dream about walking down the aisle. Men don’t fantasize about that.
In Colorado:
There are far fewer women choosing to marry and have kids than before. The decrease in fertility in the developed world is not due to men on a boycott. It’s due to women deciding that their lives would be better without it.
It’s due to women deciding that their lives would be better without it ??
Well, there you have it…When the relationship starts with the understanding that “I do’t need you” then its kind of difficult to get to the “till death do us part” phase…
scdave:
Which is exactly why folk who disparage women are missing the point. A guy like rms may think “I don’t need a woman” (except to bear and raise my kids), so I will just rent a wife (as if that were possible). In the meanwhile, a girl like Uncle Fed may think “I don’t need a man at all. Like literally”.
I am not saying that I don’t appreciate the value of a relationship. I am just saying that two can play at that game, and if they do, then the chick is gonna win.
There are far fewer women choosing to marry and have kids than before.
There are fewer, but they are still the ones who want to marry and have kids.
Guys don’t walk around, wringing their hands, asking “where did all the good women go?”
They don’t say things like “All the desirable women are either married or are lesbians”
And why should they? Girls put out, plain and simple. And it’s in an interesting spiral. Girls started playing house with guys, hoping the guys would eventually marry them. Now she does booty calls and friends with benefits, hoping he will become her boyfriend.
Why risk financial ruin with marriage when there are booty calls?
Hey Colorado:
Actually, guys are always trying to get girls. I should know, since it happens to me. A lot of guys (even married ones, and guys with girlfriends) will stop at almost nothing to get a girl if he thinks she’s pretty. They definitely aren’t getting it easy.
The number of h o r n y guys FAR outweighs the number of s l u t t y girls. Besides, most guys really do want to have a wife and kids. They realize a huge benefit from it. Did you know that married men live longer than unmarried men, while unmarried women live longer than married women? There really aren’t that many guys out there to want to die childless and wifeless.
And if you want financial ruin, just look at all the guys who accidentally knocked up their girlfriends. Paying child support to a bunch of kids in separate households is more expensive than just having them all in one house with one mom.
On the other hand, if you’re a girl, then why risk financial ruin by getting married, having kids, and *hoping* that your husband isn’t going to abuse the situation? After all, there are a lot of guys out there who believe in “renting” their wives. What if your husband turns out to be one of those? You would have wasted your prime years bearing and raising his kids, and then he will dump you, and you will be working at Wal*Mart trying to make ends meet with the tiny amount of child support that the loser actually gives you.
Yeah, marriage and kids are a huge risk for women. Not so much for guys.
Actually, guys are always trying to get girls.
Get them, yes.
Marry them, no.
Yeah, that must be why guys get taken to the cleaners in divorce court.
“After all, women are the bearers of life and culture”
Then act like it! Have you looked around at the “culture”, lately?
I am acting like it. Can’t you see me, right here on this thread, rejecting the culture of disrespect toward women? I am the only one on this thread with the guts to stand up against the concept that women should be bought or rented. Are you standing up against it? No. You are simply demanding that I should thank some other commentators on this board for not being as much of a jerk.
When you see other women who have “lighted up” to the point that they accept such comments, such ways of thinking, you are seeing today’s culture, and the result of your own admonitions. Women should NOT lighten up. Women need to demand better treatment from men like rms, BiLA, and tj.
In a comment above, regarding respect, you said “If ain’t getting it, then you ain’t giving it”. That’s actually not true. Abusive people will dish out disrespect to anyone who seems less powerful than themselves. Then they act all mad when those people actually have the nerve to resist it.
In summary: The human race cannot survive unless men treat women properly.
there’s more of your delusional krap. women have been treated badly throughout most of recorded history. only the wealth that has been created by the free markets you hate, has made your lives better.
After all, women are the bearers of life and culture.
yes lilith, sure lilith.
We are the ones with the lock and the key, my dear.
only lately. and it’s comically ironic that you rail against the thing that got you here.
tj:
Can you please tell me exactly what it is that “got me here”? The thing I’m railing against?
I am railing against the audacity of men who think that they can or should rent/buy women. The renting/buying of women is most certainly not the thing that “got me here”. It was my mom that got me here.
Your mom got you here too. Have you asked her what she thinks about your ideas? The renting and buying of women, that is.
Can you please tell me exactly what it is that “got me here”? The thing I’m railing against?
a person with a normal attention span would see it. the second sentence of the first paragraph.
Have you asked her what she thinks about your ideas? The renting and buying of women, that is.
i can’t help it if you can’t follow an argument and get deluded about what was said.
i was plainly talking about the concepts of renting, using or employing. those concepts can apply to anything. only you, with your hatred of men, saw it as an attack on women.
you’re a delusional psycho, lady.
But tj, I am not railing against the free market. Do you believe that the trade in human beings is actually a part of the free market? It’s not. If it weren’t for these things being illegal, then neither you nor I would be exactly where we are.
I am railing against the notion that men can or should buy or rent women. A person with a normal attention span would see that. It’s in the first sentence of my first sentence.
But you still haven’t answered my question, tj. Does your mother know that you defend the practice of buying/renting wives? After all, that was the topic of the thread where you made your fateful comments. You can’t exactly back-pedal now and start to claim that you were only talking about the employee/employer relationship.
Oh, and by the way, the first person in a logical argument to call the other “a delusional psycho, lady”, LOSES!
Do you believe that the trade in human beings is actually a part of the free market?
again, show me where i’ve said anything like that. like i said, you can’t follow an argument without becoming deluded.
Does your mother know that you defend the practice of buying/renting wives?
does your father know that you make up BS and accuse others of saying things they didn’t say? does your father know you hate men? don’t you think he’d be ashamed of you?
You can’t exactly back-pedal now and start to claim that you were only talking about the employee/employer relationship.
still aren’t following along are you, your highness. i was never talking about an employee/employer relationship. i was asking what the difference was between renting, using and employing. when you ‘use’ a wrench, aren’t you ‘employing’ it?
TJ:
Would you care to answer any of my questions? Are are you going to answer every question with another question, and continually imply that each question was actually a statement or an accusation against you? Do you or do you not believe that the human trade is a part of the free market?
How is a woman comparable to a wrench?
My dad is fully aware that I would NEVAH allow a guy like you to get away with the things you are saying on this board. Wanna know why? Cause he’s the guy that had to put up with me all these years. He knows that I don’t accept that sort of thing. Not from him, and not from any coward on the internet who jumps into a conversation about renting wives, but then tries to claim that he was only talking about hiring people, but then again claims that he was actually talking about using wrenches.
If you can’t own up to your comments, then it probably means you were wrong to say those things.
Would you care to answer any of my questions?
sure, right after you show me the quote that you claim that i said i hate or am against women.
either that, or you can admit that i never said anything of the kind, and might decide to answer your questions.
until then, you remain an accuser. you provided no evidence that i hate women or am against them or want to keep them down, or whatever else your deluded mind tells you.
tj: Once again, I already pasted your comments, and then followed up with a thorough explanation as to why those comments were upsetting, and along a socially destructive vein.
You and all the other woman-haters can go ahead and defend those comments, but they were extremely offensive and antisocial, and you should avoid making comments of that stripe. You should take a hard look at yourself and ask “What makes me so hateful, especially toward the people that I should be protecting and loving because they bring so much to my life?”
Until then, you are a hater. You provide no apology for defending the practice of renting or buying women, even though you probably don’t have enough money to do either.
tj: Once again, I already pasted your comments, and then followed up with a thorough explanation as to why those comments were upsetting, and along a socially destructive vein.
upsetting?? oh, poor deluded girl. you made an accusation and you can’t back it up so you explain why i upset you? what about your false accusation about me? WHERE’S THE QUOTE THAT INCRIMINATES ME AS HATING OR BEING AGAINST WOMEN? WHERE?? if this were a criminal case you’d be locked up by now.
You and all the other woman-haters can go ahead and defend those comments, but they were extremely offensive and antisocial, and you should avoid making comments of that stripe.
you should quit making false accusations because not only is it immoral, it could get you into serious trouble one day, you politically correct princess.
You should take a hard look at yourself and ask “What makes me so hateful
i don’t have to look hard, i see it at the other end of this keyboard.
especially toward the people that I should be protecting and loving because they bring so much to my life?”
sorry if i don’t feel protecting and loving toward you. i know you think i should because after all, you’re just a splendid woman.
Until then, you are a hater.
what’s a ‘hater’ genius? do you think you’re a ‘lover’? do you think you’re endearing? yeah, you probably do.
You provide no apology for defending the practice of renting or buying women
you provide no apology for making false accusations. were you a little tattle tale in school?
even though you probably don’t have enough money to do either.
again, an assumption with no evidence. but if you only knew, you’d be so embarrassed. and no, dummy, you’re not going to goad me into telling you how much money i have. and yes, i think you’d dearly like to know.
tj:
IF YOU WANT THE QUOTE, PLEASE GO BACK UP THE THREAD AND LOOK FOR THE BLUE BOX WITH THE QUOTE IN IT.
“If this were a criminal case, you’d be locked up by now… it could get you in serious trouble one day.”
Are threatening me? I think you should sue me for making the immoral mistake of calling you out on your misogyny. It would be even better if you would call me a princess while you’re at it, ’cause that might get me to cry, and then you would feel real strong and powerful like a true ANONYMOUS INTERNET COMMENTATOR.
No, actually tj, the world is not set up quite the way you think. There is no legal mechanism for females to be punished for speaking out against woman-haters. It’s only sad that there aren’t more men who have the nards to do it, so us ladies have to do it ourselves. Such a lack of manliness these days.
Nobody said that you have to like me dude, and there is no law saying that you are in any way obliged to love your mom, sister, wife, girlfriend, etc. You can hate all of us. It’s legal. But tj, it is not good for you, see? The hatred is bad for everyone, including you.
So whadya say tj? Wanna retract your statement about renting/buying wives being the same as using a wrench? Wanna admit that it’s a stupid thing to think? Or would you rather dig your heels in and be a hater forever? Tell your mom to go peddle herself. Tell your sister too. If you can convince enough females that it’s OK, then maybe you might get a chance at having sex with someone other than yourself!
Nobody said that you have to like me dude
thanks princess, that’s relief.
and there is no law saying that you are in any way obliged to love your mom, sister, wife, girlfriend, etc.
really? i though you were going to tell me there was.
You can hate all of us.
only you, princess. you’re one of the nastiest, politically correct, misandrist crones i’ve ever seen on any blog.
The hatred is bad for everyone, including you.
sorry, when it comes to you, it’s unavoidable.
So whadya say tj? Wanna retract your statement about renting/buying wives being the same as using a wrench?
so whadya say princess? wanna retract your claim that i ever said any such thing? na, cuz you’re to dumb to know i didn’t say it.
your statement about a wrench not being a woman was comical. that was the point i was making! i wasn’t talking about women. i was showing that the concept can apply to wrenches or just about anything else.
Wanna admit that it’s a stupid thing to think?
wanna admit that you don’t know how to think?
Or would you rather dig your heels in and be a hater forever?
again, what’s a ‘hater’ genius?
Tell your mom to go peddle herself. Tell your sister too.
better tell your dad to wash your little princess mouth out with soap. he didn’t teach you not to be a ‘hater’ did he?
If you can convince enough females that it’s OK, then maybe you might get a chance at having sex with someone other than yourself!
are you playing with yourself?
“men aren’t boycotting marriage and kids. It’s the other way around.”
LOLZ
Bill:
Have you done any research on the subject? You might be surprised what you find. Of course I don’t have the link anymore, but I read about a long-term study that some university has been doing about marriage. They have been asking people for a few generations what they think about marriage, and then breaking the numbers down based on age, sex, religion, wealth, and what-have-you. This study has found that over the last decade or so, women have been losing interest in marriage and kids by ALOT.
The main reason is that they don’t think the males are pulling their weight. Also, the laws are set up so that a husband comes out better off than the wife during a divorce. Divorced men always complain bitterly about paying child support, even though the mothers end up paying more, and the mothers are also the ones doing the bulk of the actual work toward raising the family. So yeah, you give a girl some birth control, and she is likely to decide not to get into that mess.
Read the book.
I trust google more than a single book. A far variety of statistical sampling due to a far variety of sites indicates men more often than women are boycotting marriage. In 80% of court cases in divorces, the man loses.
Marriage is like Vegas. The odds are always in favor of a certain group. In Vegas it is “the house.” in marriage it’s “the woman.”
I’d like to see some development of male birth control drugs. Then it won’t be as much in the “hands” of women.
Also, try moving to ma$$holechusetts, you’ll see how men get screwed in divorce.
Have you ever wondered why Muslims are so unsuccessful on Earth?
I dunno, the Muslims seems pretty successful to me. They learned how to abuse and behead their women while still “respecting” them just enough to make lots of babies to spread the Word.
The Chinese failed to strike this delicate balance. Rather than being satisfied with only beating and footbinding their women, they went too far and killed the girls outright before they got to fetus stage. The men are paying the price for that now.
Have you ever wondered why Muslims are so unsuccessful on Earth? It’s because Islam treats women worse than the other major religions. That makes it impossible for their society to move forward.
Wow—culturocentrist must?
That must be explain why the Ottoman Empire survived for so long, spread so far, and was a beacon of scientific and cultural advancement.
Pajama Boy perfectly displays why women are boycotting marriage. Today’s idea 25 year old is Pajama Boy…wears onesies to bed and drinks hot cocoa.
What self respecting woman wants to marry that?
lolz
Although it pains me to admit this, I agree with you.
(but just this once, k?)
Who in hell is pajama boy?????
http://www.businessinsider.com/monster-porn-amazon-crackdown-sex-fantasy-bigfoot-2013-12
This is some funny stuff women were writing it and making good money until the crack down.
Pajama boy is sedentary geeky young politically correct white male who voted for Obama (white guilt) and lives with mum.
@Don’t Marry:
Excellent links. I have read a lot from the second one you provided. There is a several part essay from screen name “I am Sam I Am.”
Awesome!
The Dow industrial average is close to ending the year with its biggest gain since 1996. If it closes on Dec. 31 above 16,422.11, the Dow industrials will beat its 25.32 percent surge in 2003.”
Cool I made some money
1996 = the year Alan Greenspan discovered Irrational Exuberance.
It’s back!
1997, 1998, 1999…..the best 3 year, post WW2 run.
Past performance is no guarantee of future returns…but it’s a pretty good indicator. History tends to repeat itself a lot.
2000, 2001, 2002…not so much.
You brought up 1996. If 2013=1996 as you alluded to, then 2014-2106 should be pretty darn good. Do try and stick to the topic.
“If 2013=1996 as you alluded to,…”
You’re trippin’ and making stuff up again.
You wrote “1996 = the year Alan Greenspan discovered Irrational Exuberance.”
but you didn’t bring up 1996.
Got it.
I did bring up 1996. I just didn’t say 1996 = 2013. Or 7.8 = 9.
You did.
Here’s a picture I promised the other day, re: apartments using Walk Score as an selling point.
http://picpaste.com/f0bdcd033888ab1f0264bb1724c18f32.bmp
These are the cheapest apartments in that immediate area, but not exactly cheap:
http://www.apartments.com/Maryland/Baltimore/The-Gunther/1340347?resp=true
Still, eliminating car dependence = win.
Liberace!
$3700 a month for a 2 bedroom apartment. LOL! Hey man it’s your money, do with it as you see fit.
Better than $5000/month for a 3 bedroom house when you haven’t even counted taxes, insurance and losses to depreciation
I agree, the prices aren’t good and the places are way too fancy for what most people “need”. These are lofts in former brewery buildings and the developer added in things like roof deck, roof top pool, dog park, granite/stainless kitchens, etc. 80%+ of residents under 35yrs old or so.
“80%+ of residents under 35yrs old or so.”
How can this be? I was assured that everyone in their 20s and early 30s were living at home due to the depression. Now they’re all of a sudden renting apartments for $3K a month?
Can’t have it both ways kids. Either we’re in the midst of an economic collapse or we’re not.
If you keep going on and on enough about economic collapse, perhaps your wish will come true and we will get one.
“economic collapse”?
Slithers…. get a hold of yourself and snap out of it. Dramatically lower and more affordable prices of everything is a bullish thing.
How can this be?
Because these are not average apartments targeting an average economic demographic? Of course the poors won’t be renting there … duh! The poors rent in cheaper places, often doubling up.
Great area. A sibling of mine lived in a similar walk able place at Fell’s Point. Rented an awesome loft on the waterfront!
Yes, I like the area, I live close but not on the water/waterfront park. But it’s really not as good as Fells Point, at least not yet. There are a few new buidings opening in Fells Point this year, all right on the water. I think they were delayed from 3-4 yrs ago when real estate deals were falling apart. On the other side of the harbor, near Ft McHenry, some of the luxury condo/rental buildings have had a hard time selling/leasing to capacity.
And although these places are walkable, there is still a big increase in traffic bc of the new malls that have followed behind the residential development. It’s a real pain to bike along the water near Highland Ave intersection bc there’s a new Target & Harris Teeter-anchored shopping mall there.
We know why you like the “walkable” neighborhoods, Joe.
ZING!
El-Erian: Here are 4 reasons to be skeptical of the QE exit
December 26, 2013, 1:13 PM
The Federal Reserve’s announcement that it would begin curtailing its bond-buying stimulus program has been hailed as remarkably smooth, but maybe we should hold off on the celebrations.
The central bank said last week that it would reduce its $85 billion in monthly purchases by $10 billion, beginning next month, while at the same time keeping its target policy rate at near zero for an extended period of time. That decision was met with a surge higher in stock prices (which has continued), while bond yields have mostly risen at a modest pace (the 10-year Treasury broke through 3% Thursday).
That contrasts with the Fed’s earlier declaration of possible action in May and June, when the debt market sold of sharply and stocks had a short-lived pullback.
But we’re not yet out of the woods — or, rather, out of the stimulus — says Mohamed El-Erian, chief executive officer at asset-manager Pimco. “Central bankers have good reason to be more cautious about declaring victory at this stage. And the rest of us would be well advised to ask why,” he writes in a Financial Times commentary Thursday.
Here’s why, as explained in his commentary:
Pimco has projected that the Fed will hold its interest rates near zero until 2016, but some market indicators of rate hikes are pulling forward those expectations into the first half of 2015. The CME’s FedWatch shows the market pricing in a 54% chance of a rate hike in April 2015, based on fed funds futures contracts that are tied to policy rate expectations.
Perhaps that’s one sign that the exit could be tricky as the Fed tries to hold the market together. But it’s a long process, El-Erian says, and there are many battles left to be fought.
ft dot com
December 26, 2013 1:19 pm
Ideas adjust to new ‘facts’ of finance
By Gillian Tett
Eight ways conventional financial wisdom has changed post crisis
Eight decades ago, economist John Maynard Keynes reputedly remarked: “When the facts change, I change my mind; what do you do sir?” Investors might do well to consider that question as, looking back at the past five years, it is clear some of the “facts” of global finance have been overturned.
Unsurprisingly, that has produced some visible shifts in most investors’ views. Nobody assumes subprime mortgage bonds are safe, for example, or blithely trusts triple-A credit ratings. Nor do they presume that big banks cannot collapse, or that western central banks cannot keep rates at zero.
But while these visible shifts of view are striking, what is perhaps even more interesting is how our minds have slowly changed in subtle ways too. Most of the time, investors do not ponder the nature of conventional wisdom, or their unstated assumptions; after all, nobody wants to admit they are a creature of their cognitive environment.
However, one prominent and senior western central banker recently embarked on a personal exercise to explore how his conventional wisdom, and that of colleagues, has shifted in the past decade. And while (sadly) his bank would not let me identify him, it is worth listing his reflections – if nothing else because it might inspire us all to pursue similar mental exercises this holiday season.
Bigger is not better
So what was on this central banker’s list? In no particular order, he identifies eight points.
First, bigger is no longer presumed to mean better. Before 2008, investors instinctively cooed with admiration when they saw gigantic banks (such as Citigroup) or countries with gung-ho banking systems (like Iceland). No longer; we now know that economies of scale are sometimes an illusion.
Second, finance is no longer viewed as self-stabilising. On the contrary, it often seems “self-destructing” instead, as this central banker says. Witness the fact that even Alan Greenspan, former Federal Reserve chairman and doyen of the “self-stabilising” school, today sounds alarmed about the behaviour of banks.
Third, we know taxpayers are on the hook when finance goes wrong; no one vaguely hopes that a magic fairy will wave problems away. Just look, for example, at how sovereign and bank credit ratings, or credit default swap prices, have become entwined since 2008.
Fourth, leverage matters. Before 2008, this issue seemed irrelevant – or quaint; so much so, that when some European securitisation bankers created an amateur rock band in early 2007, they called themselves “Da Leverage”, as a joke. Today, though, nobody dares laugh about that “l” word.
Fifth, liquidity matters too. Before 2008, worrying about this second “l” word also seemed quaint; after all, financial innovation seemed to have “liquefied” most asset classes. Today everyone knows liquidity can vanish, usually when most needed.
Role of government
Six, bubbles do not just exist in baths. Before 2008, policy makers liked to think they could mop up after excesses, if necessary, rather than intervene in advance. No longer.
Seven, structural solutions are not taboo. Before 2008, it was almost outlandish to suggest policy makers might deliberately shape the direction of finance, with policy interventions. Today, even rightwing voices think it makes sense to restrict the size and behaviour of banks, and leftwing voices want to control far more.
Eight, shadows should not stay shadowy. Previously, the non-banking financial sector was generally ignored. Today policy makers and investors alike want to shine a spotlight on shadow banks – and governments (belatedly) want to create some controls.
Some readers probably have their own list of ideas. And I think perhaps one of the biggest and most important cultural shifts (which links many of the previous eight points) concerns the role of government.
Before 2008, investors often assumed that economies and markets were driven by apolitical and asocial forces. Today, however, nobody believes economics is just about hard numbers; on the contrary, “soft” political and social factors – not to mention the actions of central bankers – shape almost every asset class.
But irrespective of whether you approve or disapprove of these shifts (or have your own supplementary points), the crucial issue is this: our assumptions can stealthily change, often in ways we barely notice. Which is why, of course, we periodically need to ponder our ideas, and then ask ourselves another crucial question: could this conventional wisdom shift again, in the next five years? And if so how will this affect asset prices, or the policy debate?
Happy pondering, this holiday season.
The system should be fashioned so that the risk is solely borne by the participants in the transaction, not by the taxpayer.
However, the reality is that due to the FIRE sector’s massive lobbying over the years, they have created a system where they push a great deal of risk onto the taxpayer, while they keep the profit.
So, the FIRE sectors receives significant subsidies and guarantees from the taxpayer, directed by politicians. From that inflow, a portion is directed back to politicians.
Even if the company is run aground, the executives receive a once-in-a-lifetime payoff, thanks to these guarantees.
“The deflationary spiral rages on…… whatever you do, stay out of debt and hold onto your cash.”
You better believe it mister.
Realize stock gains and shift to safety.
When and why?
Individual stocks are in the highly aggressive category. They are much more risky than stock mutual funds, which spread the risk. I suggest continue adding to stock mutual funds such as VFIAX. Since inception in November 2000, VFIAX gained only 4.5% average. So stay in the accumulative phase on that at least anither ten years. But if you have a stock up 200% in a short amount of years, you are more likely in a cycle, not in a Dell like the late 80s. The Dell stocks are a needle in a haystack. You are never sure when its cycle ends. So get out steadily of any stock that you are doing well in and not sure if it’s cyclic. Here is a test to see if it is cyclic: if you are not sure it is cyclic, then it is cyclic. That is good for three to six years and then diving.
The “why” and the”which” were just explained. When? Anytime. 2014 is the year I should cash out my cyclical.
We’re approaching a rate of one record close per trading day. Why get out when the gains are rolling?
Bulletin Dow industrials notch intraday high, up more than 120 points »
Dec. 26, 2013, 2:24 p.m. EST
U.S. stocks rise; Dow on track for 50th record close
By Anora Mahmudova
NEW YORK (MarketWatch) — U.S. stocks rose on Thursday after data showed a decline in weekly jobless claims, with the Dow Jones Industrial Average adding more than 100 points and on track for its 50th record close this year.
The Dow Jones Industrial Average (DJIA +0.72% ) jumped 116.24 points, or 0.7%, to 16,473.30, on track for its 6th straight record close and 50th record close of the year.
The S&P 500 (SPX +0.46%) added 8.23 points, or 0.4%, to 1,841.54, putting it on track to close at a record level for the 44th time this year.
…
Because maybe you have enough gains to realize and keep your portfolio balanced?
63% stocks and stock mutual funds, 10 to 15% precious metals physical, and 22 to 27% cash, short term treasuries, municipals. That is my ratio. I would be comfortable going slightly below 60% in 2014 though.
Fair enough, if you are playing the rebalancing strategy.
The Stock Market Has Officially Entered Crazytown Territory
http://theeconomiccollapseblog.com/
more sheep will be sucked in as it goes higher.
“more sheep will be sucked in as it goes higher.”
Count on it.
As long as the market heads further into Crazytown territory, we can look forward to Smithers bragging here about his investing acumen and courage.
jeeeez… this place faaaawked up today.
“jeeeez… this place faaaawked up today.”
Fatal Attraction?
It’s like the daily kos in overdrive.
When you sleep with someone your body makes a promise…
http://www.youtube.com/watch?v=7xohWvO9i4c
On a happier note from all the sugar hostility, I volunteered at a Community Christmas Dinner and it was a great Christmas Day. Hubby ate, I helped people. A win-win.
A Jewish Temple sponsored the event, and even bused in the elderly,homeless, and indigent. The churches got some leftover catered food, and Costco donated all the desserts. What a fantastic day. The true meaning of the holiday.
Now get to the mall and make those returns and post Christmas purchases. My new mall mgmt job is counting on it.
I went to the beach yesterday it was over 80 F
Crazy windy weather in S. CA causes the beach to be warmer than inland areas.
cactus
T.O. high cafeteria was the location of the dinner. Free fun and lots of diversity. Go next year. The beach sounds like fun on Christmas Day. Bet is was all yours.
Whac-
We have the sugar buzz ourselves. Man, getting old sucks. We deboned a Costco roasted chicken today to bring ourselves down.
We call breakfast cereals “sugar shocks”.
Go with steel cut oatmeal. Low in glucose, great for your heart too.
I’m with you there, pal. Also has better taste and texture than the traditional Quaker Oats oatmeal.
steel cut oatmeal
Bill and Whac
I’ll try it. The glycemic index thing usually makes us default to seasoned egg whites, but I’ll give it a try. I trust you two.
Quaker bought off the heart and diabetic associations according to Dr. Davis MD.
I just know a few years ago I cut my cholesterol from 260 to 190. Oatmeal was part of the deal. Lots of green tea too. But now I cannot drink green tea anymore. Cholesterol went up again (not so high) so I am trying my same stuff without the tea. Switched from hamburger fast food 3 days a week to subway. My nurse practitioner was telling me I should go on a statin. Instead I told her to give me 6 months and see. She was astonished. My doctors now like my high HDL.
Switched from hamburger fast food 3 days a week to subway.
Bill, you tout exercise and health as much as you do, and eat like that?!?? Seriously??
“I went to the beach yesterday it was over 80 F”
“…sugar hostility…”
LOL!
There is a book or blog waiting to blossom. It ties the virtues of being forever: single, renting and living far below your means. Maybe investing and consulting would be categories four and five. Keep short leases, never make a contract lasting over one year (or you R nutz ). All this ties into something. Not sure but maybe considering yourself stateless and sovereign.
Tonight I am watching on Animal Planet the Alaska Reality shows, sipping Pinot Noir (Winderlea Vineyards’ Ana Vineyard 2009), ate a very healthy diet all day, and my debt is all paid off.
I have a lot of blessings I am counting. My late parents, ex girlfriends, former colleagues, friends, antagonists. I met a lot of people in my career. I recommend consulting to everyone.
Here is a hot tip:
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Firefox can’t find the server at http://www.LiveSingleAndFree.com.
+1 You must be on your second glass of wine. LOL!
I’m at my Mormon BIl’s house in Utah, and there isn’t a drop of alcohol in the house.
It must be that “sugar hostility” which InchByInch mentioned.
Whac
“Wheat Belly” book was solid on the NY Times Bestseller list for months. Look for my new book “Sugar Hostility - It’s not my fault, I ate too much sugar.” Twinkie Defense circa 2014.
The great thing about the life you live is that you can go anywhere you want, do anything you want at any time you want and nobody cares.
The terrible thing about the life you live is that you can go anywhere you want, do anything you want at any time you want and nobody cares.
Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse
By PAUL BEDARD | DECEMBER 26, 2013 AT 12:33 PM
A top financial advisor, worried that Obamacare, the NSA spying scandal and spiraling national debt is increasing the chances for a fiscal and social disaster, is recommending that Americans prepare a “bug-out bag” that includes food, a gun and ammo to help them stay alive.
David John Marotta, a Wall Street expert and financial advisor and Forbes contributor, said in a note to investors, “Firearms are the last item on the list, but they are on the list. There are some terrible people in this world. And you are safer when your trusted neighbors have firearms.”
His memo is part of a series addressing the potential for a “financial apocalypse.” His view, however, is that the problems plaguing the country won’t result in armageddon. “There is the possibility of a precipitous decline, although a long and drawn out malaise is much more likely,” said the Charlottesville, Va.-based president of Marotta Wealth Management.
Marotta said that many clients fear an end-of-the-world scenario. He doesn’t agree with that outcome, but does with much of what has people worried.
“I, along with many other economists, agree with many of the concerns expressed in these dire warnings. The growing debt and deficit spending is a tax on those holding dollars. The devaluation in the U.S. dollar risks the dollar’s status as the reserve currency of the world. Obamacare was the worst legislation in the past 75 years. Socialism is on the rise and the NSA really is abrogating vast portions of the Constitution. I don’t disagree with their concerns,” he wrote.
In his latest note, he said that Americans should have a survival kit to take in case of a financial or natural disaster. It should be filled with items that will help them stay alive for the first 72-hours of a crisis, including firearms.
“A bug-out bag is a good idea depending on where you live even if the emergency is just power outages, earthquakes and hurricanes. And with your preparedness you will be equipped to help others who might be in need,” he wrote. “Be prepared. Especially because it keeps you from being scared.”
He provided a list of items and even a link to bug-out bags on Amazon.
Paul Bedard, The Washington Examiner’s “Washington Secrets” columnist, can be contacted at pbedard@washingtonexaminer.com.
http://washingtonexaminer.com/be-prepared-wall-street-advisor-recommends-guns-ammo-for-protection-in-collapse/article/2541205 - -
Bitcoin is now back up to only 33% off its recent high price after even more recently having dropped to below 50% off its recent high.
Dec. 26, 2013, 4:32 p.m. EST
WPCS shares rise on bitcoin trade platform release
By Wallace Witkowski
SAN FRANCISCO (MarketWatch) — Shares of WPCS International Inc. (WPCS +27.15%) jumped in the extended session after the firm said its BTX Trader unit launched a beta version of a platform to trade bitcoins. Shares of WPCS rose 14% to $1.72 in moderate volume. The platform, available at http://www.btxtrader.com, combines data and order execution on the five most popular bitcoin exchanges, WPCS said. The volatile digital currency last traded around $799, according to Mt. Gox.
America must dump its ‘disrupters’ in 2014
Fresh thinking is highly desirable, particularly in the gridlocked world of US politics. It should not be confused with the chanting of faddish mantras
By Edward Luce
Published: 17:11 December 24, 2013
Gulf News
If there is a buzzword that deserves to be strangled before New Year’s eve it is “disrupter”. Like many neologisms, it originated in Silicon Valley and has spread like a virus into US politics and media. Even as I write, it is preparing to colonise global forums such as Davos through online Ted talks and other channels. Other examples include “thought leader”, “fire lighter” and the word “pivot”, which it seems we must all practise even if we are unhinged. But “disrupter” gets first prize. Rarely in the history of bad terms has a new one been so misconceived.
In its place of origin, a “disrupter” is a swashbuckling entrepreneur who comes up with a new product or way of doing business that upends the market. Think of Steve Jobs, Mark Zuckerberg or Peter Thiel. It is also linked to the bigger concept of creative destruction, whereby, the old dies in order to make way for the new. Yet, even in Silicon Valley it can be misleading. Like so many coinages from the US tech sector, this term flatters to deceive. Most innovation comes from patient and collaborative teamwork rather than solitary eureka moments in suburban garages. But in Palo Alto, at least, disrupter retains some link to what people should aspire to do.
The same is not true of politics. This year has been among the most disruptive in America’s recent history. It started with a fiscal cliff, which threatened to tip the US budget into the abyss. Disaster was averted — but only for a while. It moved on to “sequestration”, a uniquely Washingtonian coinage, which applied blind cuts to vital US defence and domestic programmes. And it built up to the 16-day US government shutdown in October and the near disastrous flirtation with a default on America’s sovereign debt. There was nothing creative or constructive about this.
If there was one US politician who claimed the disruptive moniker for himself, it would be Ted Cruz, the firebrand Republican senator from Texas. In the ordinary course of events, the less said about Cruz the better — his brand is fuelled by negative media. But this is an exception. In Silicon Valley, someone like Cruz may be celebrated as an iconoclast storming the citadels of business as usual. Anywhere else, particularly in public policy, Cruz should be seen as an arsonist. If you threaten to burn the house down to get your way, it will sustain damage. US governance is weaker because of “disrupters” such as Cruz.
…
Crater…. that’s all you can say about housing at this point….. crater.
Another Stock Market Bubble Looking for a Pin - Crash Forecast 2014 Stock-Markets / Stock Markets 2014 Dec 26, 2013 - 05:08 PM GMT
By Toby Connor
Well the Fed in its infinite wisdom has gone and done it again. They’ve created another bubble. And this bubble is arguably the 6th in the last 13 years (tech, real estate, credit, bond, oil, and now stocks - again). And let’s footnote the Fed’s creation of the present echo bubble in housing, for good measure.
If one steps back far enough they can see what’s really happening. The Fed has now manufactured a parabolic move in the stock market. This parabola is much more aggressive (and thus even more unsustainable) than witnessed at either the 2000 or 2007 stock market tops.
Now here is the problem - parabolas always collapse. There are never any exceptions. When the pin finds this bubble it’s going to take down not only our stock market, but unleash a destructive force on the global economy.
At some point profit taking starts as nervous professionals fearing a regression to the mean event start to lock in profits. As the big institutional money starts to come out of the market the selling begins to accelerate and the losses quickly mount.
The steeper the parabola the quicker the losses once the parabola breaks. It’s not unusual to see 3-6 months of gains evaporate in the space of days when one of these structures collapses. I have a pretty good idea the level to which this market will fall initially, once the break begins; more on that in a minute.
The path creating this unsustainable market behavior began in 2011. If the Fed had just allowed the market to correct naturally and drop down into its 4 year cycle low in 2012 we would probably now be on a sustainable path into another secular bull market.
…