Bits Bucket for April 15, 2014
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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Looking at pictures of Hiroshima, Nagasaki and Detroit from 1945 and today, I’m having second thoughts about who won that war.
“…Hiroshima, Nagasaki and Detroit from 1945 and today…”
I had exactly the same thought on traveling through Detroit circa 1980:
The place looks like it was bombed.
And something tells me the picture hasn’t improved much in the three subsequent decades since my visit.
I thought Robocop fixed detroit in the 80’s.
I thought the 6000 SUX saved it:
http://www.imcdb.org/i004112.jpg
“An American Tradition - 8.2 M.P.G.”
Many shills here think that 20 years of flat housing prices and a cruddy economy like in Japan would be Hiroshima. Buy now or you’ll be nuked out forever.
Yes. And when I look at the positive Russian current account balance, its small budget deficit and small national debt compared to the U.S. huge deficits and debt, I wonder how our leaders can say with a straight fact that it is Russia that is in decline.
The media have been focusing on Russia’s low birth rate. But as you mention, things there are probably much better than reported here.
I posted recently that Russia’s birthrate is now above our birth rate even counting the illegals birthrate. However, they do not have major immigration.
There is an upside to the Detroit story:
Houses are very affordable there.
Detroit Sells Homes for $1,000
By Douglas A. McIntyre
April 15, 2014 4:53 am EDT
Detroit has started to auction homes for as little as $1,000 each. Its Building Detroit website launched Monday with 15 homes and a series of rules buyers must follow once they take possession of the properties. The action suggests just how far Detroit has fallen and how unlikely it is that people will want to move into the more blighted parts of the city.
…
Phoenix, AZ Housing Demand Collapses 26% YoY; Plunges To 10 Year Low
http://www.zillow.com/local-info/AZ-Phoenix-home-value/r_40326/#metric=mt%3D30%26dt%3D1%26tp%3D6%26rt%3D8%26r%3D40326%26el%3D0
Yes. The investors have pulled out. Will renting costs sink or go higher?
Let me help you out. What happens when demand collapses?
If people aren’t buying they must be renting therefore I’m not sure rental demand is going to follow the same trend. But I’m willing to wait and see.
Why would they be? Besides, rental rates are slipping across the country.
Rental rates are not slipping across the country.
Fetch beer. NOW.
Phoenix prices have gone up +$15,500 since January 2014 :}
http://www.deptofnumbers.com/asking-prices/arizona/phoenix/
Phoenix +1.5% in one month +$4,100 in one month
http://www.deptofnumbers.com/asking-prices/arizona/phoenix/
I can ask $50k for my 14 year old Chevy truck but where are the buyers?
You’re schooling is done for the day. Now fetch me a bag of Cheetos.
My friend bought in 2011 for $140k and sold last month for $240k. I know that his house depreciated rapidly, that his losses are incalcuable, and that there are $55/sq ft crap shacks going up from coast to coast, but he sure didn’t seem to mind his incalcuable losses from the sale of his house.
Prove it.
Pretty common out in Phoenix right now. What remains to be seen is whether those who bought last year for 300k can even sell now without bringing a check to closing, or if those who bought for 140k in 2011 can sell in a couple years without bringing another check to closing.
Phoenix is nothing more than an echo R/E bubble. The whole city is a plethora of speculation. It seems that the major industry there is Real estate, buying/selling/furnishing/remodeling homes. The overweighted news articles, both local and national, and TV Shows just play into the hype.
Amen to that. No organic demand. Shills shilling to shills where prices have already turned negative. Jingle fraud this is your future.
Sacramento was the 13th most popular moving destination last year, according to one moving company’s data.
U-Haul recently released its annual Top 50 U.S. Destination Cities Report, which ranks cities based on movers who rented a U-Haul truck for a one-way trip during calendar year 2013. Houston tops the list for the fifth year in a row.
I am so proud!
How much of the movement was due to California families bailing on unaffordably-priced coastal cities?
Probably a lot of people came inland for affordability. It has been going on for many decades. Why would it be different this time?
Pimping ain’t easy but somebody’s gotta do it. And that somebody is Jingle Mail, a shill for the industry of crooks, liars and frauds. Your industry is immoral, based on lies and greed. Your “investments” will end in tears.
Whats wrong with JM’s post ??…Its good solid information and it does relate to housing in that it suggests population growth which in turn creates household growth…Some of you here on the board just can’t get by one day without sarcastic negative posts even when unwarranted…
And the assist for the shilling goes to scdave. C’mon Jingle’s usual here’s a cherry picked data point game is what is really unwarranted. He shills, and now you are doing so also.
I’d prefer a solid data point rather than broad statements such as “rents are falling everywhere”, “housing always depreciates”, etc.
IMO In Sacramento it’s probably a combination of people priced out of the coast (as mentioned) and intra-California “equity locusts”
Houses do depreciate, always.
“Houses do depreciate, always.”
Which has no relationship to price or volume, therefore means nothing. Might as well say they’re not making any more land. Just as relevant. Realtor speak isn’t better when it’s contra realtor.
Absolutely it does. Depreciation is a loss and it’s large.
Thank you scdave for calling out the hypocrites. I thought it was an interesting post for a housing blog. It is strange how good news about a desirable area makes some people angry and sarcastic.
Demand is collapsing in Sacramento. What’s the issue here?
Sacramento, CA Housing Demand Crashes Through 2008 Floor; Hits 10-Year Low
http://www.zillow.com/local-info/CA-Sacramento-home-value/r_20288/#metric=mt%3D30%26dt%3D1%26tp%3D6%26rt%3D8%26r%3D20288%26el%3D0
Sacramento +4.6% in one month +$15,100 in one month
http://www.deptofnumbers.com/asking-prices/california/sacramento/
Housing Analyst you missed out buying homes at 65% off 3-5 years ago.
Who needs to buy anymore houses? We’re floating in them.
HA is drowning in them. Others of us seem to be floating along pretty well. The tide will go out I suppose, just like it always does. The difference is some people see the incoming tide too. HA only sees the outgoing tide. Get in alignment with the planets HA, Ha, ha, ha, ha, ha…..
Good morning J._Fraud…
How those melting ice cubes holding up?
Remember HA when you are selling a house flush those junior Realtors down the toilet. It is a good thing the real Amy exists because I could never figure this out:
http://www.marketwatch.com/story/7-of-the-biggest-home-buyer-turnoffs-2014-04-13?link=MW_story_popular
Good article. Amy dear, after you fix my sandwich and grab me a beer, please go scrub the toilet.
Yesterday Blue Sky challenged me to grow a tomato. I did do some veggie gardening last summer, in pots on the deck. I planted the equivalent of a 4′x4′ plot. I’m sure I’m a terrible gardener, because I really didn’t get that much out of it. The veggies were probably not worth enough to pay for the soil and pots and transplants. (I don’t really go hard core with the seeds and grow lights.) So if grandmas and grandpas can work a full-time job and can a year’s worth of veggies, god bless ‘em. I’ll try again, but I clearly don’t have a green thumb.
Grow them at work. All you need to do is blog a little less.
+1. Too funny Lolo……LOL!
Using a lot of free cow manure (dried) in Vermont, on a very small plot of sandy soil as a child, I was able to grow so many tomatoes, it forced my mother to can, she even made tomato butter (it is much more like jam) it lasted the windows. Cow manure is great I must have had six foot tomato plants. Had enough tomatoes to last the winter. It was great because back then you only could buy really tiny tasteless tomatoes during the winter in Vermont. One of my tomatoes weighed as much as six of those. However, without the manure, I doubt you could have grown very much of anything on that soil.
In around about way that story leads to this post and my comment:
http://www.huffingtonpost.com/2014/04/13/rand-paul-immigration_n_5142916.html?ncid=txtlnkusaolp00000592
Americans with the proper incentives are hard workers. I have done all the dirty jobs that illegals do during the course of my life. When I did those jobs I worked at them very hard and I doubt that I would have been outworked by an illegal. Of course, I did those jobs when I was younger and did not have a professional degree. Today Americans are working in the oil fields of the US. Most of them, in places such as North Dakota, traveled up there and lived out of their trucks for a while and worked very long hours doing very hard work. One of the reasons that fracking has not spread to other parts of the worlds is the other country’s workers are not as productive as U.S. workers. Thus, wells that are profitable here are not profitable there. My point is that at the proper wage, there is not a shortage of workers here and employers that scream that immigrants do the work that Americans will not do, are actually saying that workers will not work for the wages they are willing to pay. They need to raise their wages and if their competitors also have to raise their wages, it should not be a problem.
windows= winter
It has fertilized the housing industry for the last 15 years.
Yes, this was in the early 70’s before organic gardening became the rage. The University of Vermont would allow you to go to its farm and take as much free manure as you wanted, they needed to get rid of it since the cows produced more than they could use. Only in D.C. is there a surplus of manure these days and that type cannot even grow things.
‘would allow you to go to its farm and take as much free manure as you wanted, they needed to get rid of it since the cows produced more than they could use’
We used to do the same in NJ, growing up. Hit up the horse stables a few miles away and they were more than glad to let us take as much as we wanted. I thought we were getting away with murder being able to get the basis for ultra-compost and fertilizer for free. Into the 1990’s we could still drive up in our VW Rabbits and fill the back of the car (on a liner…surprisingly horse manure and hay leaves little odor after you clean the car out effortlessly). My mom used to get the Rodale OG magazines in the 1970’s so we grew up not thinking much about organic being anything unique. I’m like, meh, about it now when you are in a grocer. Easier just to avoid most foods in general or stay on the low side of the food chain choices and stay away from the Monsanto breeds.
Is Donkey manure equally as good?
I grow so many tomatoes my neighbors are overrun with them. All my starter seeds sprouted last weekend, so it is time to transfer them to the garden area this weekend. Growing fresh produce for my bride and all her friends is one of my favorite tasks.
My blogging will suffer (but HA will appreciate that too!).
Oxide.
Square Foot Gardening
This is a good website for getting started. Good luck growing and eating organic veggies of your choice.
http://squarefootgardening.org/
22151 is almost in neutral of 45 for sales
https://homes.yahoo.com/search/virginia/springfield/homes-for-sale/?p=22151&zip=22151&start=25
but bama may hire more gs13’s
Washington is not the US. It is a globalist occupation government that purports to rule over US citizens, on the US land mass.
Today we pay tribute to DC, so our money can be misspent all over the planet.
Ouchie, silver is getting a minor pounding this am. If they want to really make it hurt, whipsaw it some.
The Empire has struck back this morning against all the metals. I did not expect the globalist occupational government to go quietly into the night and they use fiat currency to fund their schemes. However, it does not alter basic supply and demand but it does show why you always need some downside protection.
are hard money lenders still getting 9.5-10% ???
LendingClub
Save thousands, pay off your high interest debt with a low, fixed rate loan.
Borrow from 6.78% APR
Rates from 6.78% to 29.99%* APR. Best APR is available to borrowers with excellent credit.
are hard money lenders still getting 9.5-10% ???
They are trying….Not sure how much money they are lending out….Someone willing to pay those rates may not be the best credit risk…
What good is getting 30% interest if the loan defaults?
Happy tax day to all. The government wishes to thank you for all the perks you pay for them, those not working and living on government handouts or living in houses rent free on tax payers backs say f**k you give me some more.
No wonder I feel so poor in the April just after the year my wife and I earned our highest income so far as a couple.
The reward? We get to pay alot more taxes — ALOT.
There’s nothing free about Tax Freedom Day
By Rob Nikolewski on April 8, 2014
SANTA FE— Hey, New Mexico, it’s time to celebrate Tax Freedom Day 2014.
Well, maybe “celebrate” isn’t the right word.
But Tuesday — April 8 — marks the day residents of the Land of Enchantment have worked long enough to pay their tax obligations on the federal, state and local levels.
The day is calculated by the Tax Foundation, a Washington, D.C.-based think tank that aims to “educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government.”
Every year, the Tax Foundation calculates how deep into the calendar it takes for residents of the 50 states, as well as American citizens in general, to shake off their tax burdens.
The bad news for New Mexico? This year’s Tax Freedom Day comes five days later than last year.
The good news? New Mexico beat out 43 other states with Tax Freedom Days that go even deeper into the calendar — such as California, whose residents don’t clear themselves of their tax loads until April 30.
…
Thanks whac, I will try to remember you on your Tax Freedom day.
Whac, maybe you need an interest deduction! Just an observation……
I do my taxes 4 times a year so I know where to set income limits ($95,000 to fund my IRA and $100,000 to keep up 100% of the $25,000 in excess depreciation), so we max out our 401(k), 403(b) and 457 plans.
The tax code is a mess. No way to interpret it, so I always use last years turbo tax to forecast next years tax effects. Trial and error is the only way to get answers. I have 47 hours invested for 2013, then I still have an accountant complete the return and file it. She often finds appropriate changes and savings after all that effort. Effective tax rate = 6.8% this year.
It would be so much simpler to just pay 10% of earnings.
“…you need an interest deduction!”
Trade one money losing strategy for another? No thanks.
We get to pay alot more taxes — ALOT
If America’s corporate tax receipts were closer to 3% of the GDP like the average of the other OECD counties instead of USA’s 2.3%, and the tax rates for the super rich were like we had in the 60’s and the USA would spend less on Empire building, your taxes could be substantially lower.
But the above scenario does not jibe with America’s worship of our failed trickleDown religion of the past 34 years.
Taxes on corporations only get passed on and act like hidden sales taxes. Leftists like you might like the tax more because it is hidden but the only way to avoid the burden of government is to keep government lean.
Taxes on corporations only get passed on and act like hidden sales taxes.
No, it’s a combination of some being passed on and some being left out of the bottom line, a few less billionaires and the ability to then lower the taxes on the true and upper middle-class. Why? because part of that revenue is then being paid by GE and Microsoft instead of a good plumber or an average dentist.
Running a business, tax affects and math are complicated.
“Taxes on corporations only get passed on and act like hidden sales taxes.”
Not necessarily. Depending on the supply and demand situation, the corps might have to take it out of profits. The more competitive the market, the less able corps are to pass on to the consumer.
And they might just put the company out of business if they cannot earn a sufficient return on capital. However, most of the time the taxes are passed on to the consumer just like if you raise the minimum wage that cost is past on to the consumer.
most of the time the taxes are passed on to the consumer just like if you raise the minimum wage that cost is past on to the consumer.
In an entire state, it looks like the benefits of more money in people’s pocket outweighs the “passed on” costs.
Minimum Wage In Washington: After 16 Years, State With Highest Minimum Wage Maintains Lower Unemployment Than National, Regional Averages.
http://www.ibtimes.com/minimum-wage-washington-after-16-years-state-highest-minimum-wage-maintains-lower-unemployment
Would raising the federal minimum wage be the job-killing apocalypse opponents predict? Perhaps the answer to that question lies in Washington state’s unemployment metrics.
Washington has had the highest state minimum wage since 1999. A comparison of average annualized unemployment rates for the state compared to the U.S., and western and southern state regions shows a three-year spike in unemployment followed by a four year decline. By 2007 the jobless rate was lower than it was the year Washington had a below-median minimum wage. Since 2009, Washington’s jobless rate has been lower than the national average since 2012. It’s been lower than the regional averages since 2007. IBTimes
Leftists like you
“Leftists” like me?? Now that’s either funny, propaganda or your complete lack of understanding of your own country.
There is nothing “leftist” about me in relation to American public opinion on most all of the grand issues - and for the past 30 years. You just might think I’m “leftist” because I argue strongly for mostly centerist positions of which you are out of step with. You are the outlier from the average American. Not me. I am mostly reflecting the American majority opinion. On some issues I am even right.
Issues where I fall withing the majority opinion- neither left nor right.
1. Currently I favor Dems over Republicans as do most Americans on a national level.
2. More progressive taxes on the rich.
3. Universal healthcare
4. Protecting American jobs
5. Higher min wage
6. Punish financial sector crimes.
7. Corporations are not “people”
8. Too much money in politics
9. Gun laws, (I may be a bit more right-wing on this subject)
10. The belief that taxes are the price we pay for civilized society.
11. Public policies that favor the Average Joe-not just the Koch Brothers type.
Where I am right of center:
1. Immigration
2. Amnesty
3. Federal Reserve’s power and lack of audit.
4. Most civil liberties
There’ more.
Lola… You put the queen in drama queen.
“However, most of the time the taxes are passed on to the consumer just like if you raise the minimum wage that cost is past on to the consumer.”
No. If companies could raise prices they would. Put another way, where do costs appear on the supply-demand curve? Answer is they don’t. Taxes affect profits. If taxes reduce profits, they reduce taxes. Only a stupid manager would raise prices to offset taxes, because the competitors won’t and they will get more volume. The pass through of taxes to consumers is nonsense.
April 14, 2014|By Ameet Sachdev and Peter Frost, Tribune reporters | Tribune reporter
In a twist on economic globalization less obvious than moving factories overseas, a small but growing number of corporations have relocated headquarters to Europe to escape the 35 percent tax on U.S. profits, the highest in the developing world.
Aon Corp., one of Chicago’s most prominent businesses, shifted its corporate home to London in 2012. Last month, Deerfield-based Horizon Pharma Inc. said it would move its headquarters to Ireland as part of a merger.
34 years? See, it has to go back to the beginning of Reagan’s term for the math to work for the HILLARY 2016 campaign. That gives Republicans control for the majority, by 2016, of 20 years versus Democrat 16.
Trying to get you to buy in now so by 2016 you don’t think about 16 of the last 24 controlled by democrats. Lola is a tool for Hillary and may not even know it.
Might as well leave the pants around the ankles, they won’t come off over the gps ankle bracelet anyway.
‘those not working and living on government handouts or living in houses rent free on tax payers backs say f**k you give me some more.’
Often times, the saying that the markets can stay irrational longer than you can stay solvent is taken only one way. Imagine all the free stuff army people waking up and finding that the krill above them needs the free stuff even more so.
Living well is the best revenge. And that doesn’t include being a slave to things, including a money pit house that sucks away the precious beautiful days you have to spend with your loved ones.
To quote Mark Leyner: “If you waste your precious beautiful days on meaningless labor whose ultimate purpose is to further enrich the ruling elite or solidify the hegemony of the state, you are a sucker.”
“To quote Mark Leyner: ‘If you waste your precious beautiful days on meaningless labor whose ultimate purpose is to further enrich the ruling elite or solidify the hegemony of the state, you are a sucker.’”
You can’t lose with the stuff I use.
P.T. Barnum: “There’s a sucker born every minute.”
Amy Hoax: “I bust my sweet ass and Mr. Banker ends up with a cut.”
Does Amy bust it or sell it?
And why waste my beautiful days going to work when i can stay home and live free on your tax dollars. Please sell a lot of those $55/sq.ft. houses but not in CA ;we don’t need any more slums down the road!
Here in the Great White North we get another 3 weeks to file. Normally the deadline is April 30 but it got extended to May 5 because the Heartbleed virus was found in the Revenue Canada computers…wonder if my Social Ins Number was one of the ones that’s been compromised…
That is a serious nightmare for any government IT system. Keep track of that story. It will be interesting to see how they resolve it. Possible outcomes: nothing, heads will roll, completely overhaul restrictions on employee access to the internet/personal e-mail/etc. at work, some combination of the above.
It wasn’t actually a virus, but an error in coding that left a vulnerability. Lots of businesses were affected as well. So far the only expected outcome is around 900 registered letters going to the people who had their social security numbers grabbed, and the above mentioned extension for filing.
The fact that is wasn’t a virus (meaning it couldn’t be fixed by limiting access to the internet, etc.or by firing someone) is no reason for those reactions not to be part of the response. You have to understand government budgeting. You may know that some area is a mess, but not be allowed to devote resources to it because all the funds are directed elsewhere. Once attention is on the area you know is a mess, you have a chance to direct resources to it to fix the known problems. You grab that chance because you have no idea when it will come around again. Very reactive.
“You may know that some area is a mess, but not be allowed to devote resources to it because all the funds are directed elsewhere. Once attention is on the area you know is a mess, you have a chance to direct resources to it to fix the known problems.”
I have no reason to doubt this, but it doesn’t fit in this particular case. The problem was relatively simple and unknown. Once info came out about the Heartbleed bug the GoC cut off access to the website until they had it fixed and tested, which took just a few days. Then business as usual except what was mentioned above (letters and extension.)
Are you positioned well for higher inflation?
Who needs food or shelter, anyway?
April 15, 2014, 9:18 a.m. EDT
Food, shelter costs push inflation up in March
Analysts detect some signs of upward inflation pressure
By Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — Consumer prices ticked up slightly in March pushed up by higher costs for shelter and food.
The Labor Department said the consumer price index increased 0.2% in March after a 0.1% gain in February.
Excluding volatile food and energy prices, so-called core prices ticked up 0.2%.
Economists surveyed by MarketWatch had expected the overall CPI and core rate to both increase by 0.1%.
Analysts said that overall inflation remained quite weak but they also detected early signs of some inflation pressure building.
“On a three- and six-month basis, prices are creeping higher, which is something to keep an eye on but with wage growth still modest and lots of retail competition, inflation should remain in check for now,” said Jennifer Lee, senior economist at BMO Capital Markets, in a research note.
…
Just move into Mom’s basement and eat Cheetos. Problem solved!
Get me a sandwich!
Tell your Mom I want one too.
^
…. and be quick about it woman!
From BLS but I doubt the MSM will give it much coverage:
Real average hourly earnings for all employees fell 0.3 percent from February to March, seasonally
adjusted, the U.S. Bureau of Labor Statistics reported today. This decrease stems from unchanged
average hourly earnings and a 0.2 percent increase in the Consumer Price Index for All Urban
Consumers (CPI-U).
I fear Lola and Joe may have had a quarrel that ended in bloodshed. He’ll hath no fury like a Mango scorned. Better check the log on the ankle bracelet GPS.
Did Lola beat Liberace with his purse?
I fear Lola and Joe may have had a quarrel that ended in bloodshed
I think even their romance often times led to bloodshed.
Does anyone know a website where I can find total return for a dollar invested in a stock like Ford, GE, etc., over a period of time that I can edit, e.g. 1946 -1976, 1984-2014, etc.?
Yahoo Finance, pick a stock, go to ‘historical finances’ The ‘adj close’ column is in today’s dollars (adjusts for splits, inflation, etc) so you can compare to the past.
It’ll give you the start and end prices for whatever date ranges they have. GE for example goes back to 1962.
You’ll have to calculate your returns yourself. It’s got a button to download it all into Excel, so calculating returns should be pretty easy.
Yes, that is what I use. So easy.
http://mobile.wnd.com/2014/04/sheriff-feds-strategize-for-raid-on-ranch/
http://www.infowars.com/ron-paul-warns-feds-could-launch-waco-style-assault-against-bundy/
Ah, Harry & Son are PISSED! Hell hath no fury like a Reid denied!
http://www.picpaste.com/image-191-vc893SN3.jpg
Yes. He needs to make that money soon, he cannot be sure he will be re-elected in 2016.
There won’t be any elections in 2016, postponed indefinitely by executive order because of national emergency
Not funny. They’ll do anything to stay in power.
Liberals used to say that about GWB but I think it’s different this time
There won’t be any elections in 2016, postponed indefinitely by executive order because of national emergency
I recall people saying that Bubba was going to do just that.
It looks like the ACA is beginning to work and as I predicted for years, (except for the professional PR firms and the Republican “base base”,“The conversation is changing”.
Lower premiums (yes, really) drive down Obamacare’s expected costs, CBO says
Washington Post (blog)-by Jason Millman-11 hours ago
Obamacare’s lower-than-expected costs will come largely because premiums will be cheaper than previously thought….
CBO cuts Obamacare cost views and says program reduces deficits
Blog-MarketWatch (blog)-20 hours ago
The expenses involved subsidizing health coverage for lower-income households under Obamacare won’t be as pricey as expected, and the overall net effect of the Affordable Care Act will be to reduce deficits, the Congressional Budget Office said Monday
Morning Plum: On Obamacare, the conversation is changing
http://www.washingtonpost.com/blogs/plum-line/wp/2014/04/15/morning-plum-on-obamacare-the-conversation-is-changing/
…Republican Senate candidates are increasingly sounding like Obamacare’s most ardent supporters in one key way: they are rhetorically embracing the imperative of expanding affordable health coverage to those who need it.
…some GOP candidates are now embracing the general language of universal health coverage. It’s often observed advocating for repeal, with no replacement, is a loser. But there’s more to the story: Opposing Obamacare’s goals is becoming politically complicated.
The latest: GOP Rep. Tom Cotton of Arkansas……..” “We want every Arkansan, we want every American, to have quality, affordable access to health care.”
He’s not the only GOP Senate candidate who makes nice noises about universal health care….Terri Lynn Land, the GOP candidate in Michigan…“healthcare should be affordable and accessible to all Americans…we as a society have a moral obligation to help those who are not as fortunate.”
There’s the increasing realization that Republicans can’t offer any meaningful replacement for those millions without offering something that makes trade-offs very similar to those in Obamacare…
Like Pravda in the old Soviet Union, it is more interesting what the MSM does not publish than what it does publish. The Obama administration told us that for Obamacare to be a success 40% of the enrollees had to be young people. This was necessary for the premiums not to soar. When the website was not working the Obama administration told us once again that it was the mix that was most important. What we are not getting from the MSM now two weeks after the official closing date, is any numbers or even estimates of the mix. Personally, I think Obama low balled what was necessary and even higher than 40% is needed for ACA to work out. However, assuming it is as low as 40% that is what they need for the death spiral not to occur. So what is the number? I think it is closer to 25% than to 40% which is a death sentence. But we will see and all the blogs and opinions do not matter if it is not close to 40%. We know by the polls ACA is not getting more popular. But stick to your opinion pages and blogs, I will rely on the actual data, like always.
I wonder why this happening (sarcasm off):
http://www.nytimes.com/2014/04/16/us/politics/census-survey-revisions-mask-health-law-effects.html?_r=0
But stick to your opinion pages
There is nothing “opinion” about this. “On Obamacare, the conversation is changing”. Look at the rhetoric beginning to come out of the Repubs mouths in the above article. Those quotes are not “opinion” from the article writer. They are actual quotes coming form Repubs which show “the conversation is changing”…as I said it would years ago.
I will rely …..Personally, I think Obama …..I think it is closer to 25% than to 40% which is a death sentence
You, you you…..But what you “think” has not been very valuable on this subject or on many subjects. You’ve been wrong about most every step of ACA implementation as you were about the election and American Corporate tax rates. You just keep harping on the “death spiral” that never happens. But the fact remains, The Conversation Is Changing.
Liberals would like to change the conversation but it is not changing and that is why the conversation is now about whether the Republicans will regain the Senate in the fall.
We know by the polls ACA is not getting more popular.
You’re wrong as shown below. But The ACA will never poll great because ACA is rooted in America’s private insurance scheme which is hugely expensive anyway. So you have the libs who don’t like it because it’s not single-payer and the far right who are base “thinkers” on this issue.
But the tide is turning:
ABC/WaPo poll: Democratic support for ObamaCare surges Mar 31, 2014 plurality of public now supports the law…
hotair.com/…/abcwapo-poll-democratic-support-for-obamacare-surges-p…
In November, at the depths of the Healthcare.gov 404pocalypse, support overall stood at 40/57. Today: 49/48 thanks to a collective sigh of relief over the new sign-up numbers from Democrats.
Poll: Fewer Republicans Think Obamacare Would Hurt Them
In The Capital - by Ayobami Olugbemiga - 2 days ago
That number dropped to 51 percent in April, the poll finds. … of the law,
Fewer Republicans think Obamacare will ruin their lives …
http://www.msnbc.com/msnbc/republicans-obamacare-approval-gallup-poll
3 days ago - The number of Republicans who believe Obamacare will make their lives worse plummeted … That dropped to 51% in a survey taken earlier this week. … Currently, 54% of Americans disapprove of the law–a figure essentially …
Statistical noise does not change the fact that most people do not like this law and many polls are showing it to be more unpopular not less. How many times did the WPO have to poll before it found one slightly more favorable? As I said at the beginning we need to deal in facts not opinion, what percentage of young people are in the mix? This is the key statistic and the number which will determine whether Obamacare will fail. The fact that the WPO will not report on that and they should certainly have sources to give them an indication speaks volumes.
Statistical noise well describes most of you “math”, your vast opinions on everything under the sun, and your “science”.
And you just don’t like fact that the ACA is here to stay.
And even if not, we’ll get something even more comprehensive.
“The conversation has changed” remember? As I thought it would. You have Repubs now talking about the “morality” of healthcare for all. Wow. Some are sounding like Dems of 4 years ago.
This healthcare ship set sail in 2010, was partially refueled in 2012 by the SCOTUS and was given permission for almost full speed ahead in 2014. The Repubs ain’t bringing it back.
This healthcare ship set sail in 2010, was partially refueled in 2012 by the SCOTUS and was given permission for almost full speed ahead in 2014. The Repubs ain’t bringing it back.
Obamacare is very unpopular and the Obama administration set out the objective test on whether it would succeed or fail. To succeed it must have 40% of the mix be young people. There is a full blown attempt to redefine success since the insiders know that it has not come close to that objective test of success. It does not matter, we are looking at double digit increases in premiums for next year and young people already found the premiums to be too high. The Obamacare death spiral has began and no amount of spin is going to stop the premium increases.
For statistical noise, see yourself up at 2014-04-15 07:15:20
Hardly statistical noise when he been underwater for about a year now. So Mike what is the percentage of the mix do young people make of the sign-ups?
no amount of spin is going to stop the premium increases.
Yea and for the past 40 years and especially the past 20. Premiums always increase. You probably being an employee are much more immune to this than I was self-employed and a business owner for over 20 years.
There is a full blown attempt to redefine success since some thought it would implode in October, then some thought we’d be lucky to get 5 or 6 million and but in the end we almost got 8 million.
With those kinds of numbers and one hell of surprising policy comeback from something left for dead in Oct-Nov, you have to “redefine success”. For sure, success was redefined. Upwards.
what is the percentage of the mix do young people make of the sign-ups?
Keep grasping at straws. You lost.
Yes, I would just love to run as a Democrat with these numbers for Obamacare. Will the last Democrat defeated please turn out the lights in the Democratic caucus?:
http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/health_care_law
Yes, I would just love to run as a Democrat with these numbers from Rasmussen.
I’m sure you would. Rasmussen totally ended up looking like the worst and most biased major polling companies of the last election. Either that or stupidly asking the totally wrong and loaded questions. But Karl Rove sure thought they were on it.
(Rasmussen still has Romney taking Utah.)
I would just love to run as a Democrat with these numbers for Obamacare
And here’s another thing. ACA is a minor issue in most people’s lives. Most are not even affected. That’s why polls show even Repubs are getting board with it. And the election is over 6 months away. I’m seeing that people are getting immune to peeps like you and the Koch Brothers constantly squawking and telling lies about the ACA. Those Koch Brother ads are mostly lies. Repubs have NOTHING to offer besides “we hate the ACA”. The party of nada. Nothing important.
By election time the ACA numbers might be as important as a fart in the wind.
Hardly statistical noise when he been underwater for about a year now.
You were quoting something having to with .2% or .3% that happened in a given month.
So Mike what is the percentage of the mix do young people make of the sign-ups?
I’m not sure if that information is available yet, is it? However, the economist Dean Baker has made an important point about this issue. There are plenty of middle aged people who are healthy and don’t go to the doctor much. Such people are as good for Obamacare as the young people that you’re so concerned about.
By election time the ACA numbers might be as important as a fart in the wind.
You wish. Obamacare took the Democrats down in 2010 and it will take them down in 2014. Only the popular parts had become effective in 2012, by design, but now people have seen most but not all of the ugly parts and they hate it.
There are plenty of middle aged people who are healthy and don’t go to the doctor much. Such people are as good for Obamacare as the young people that you’re so concerned about.
Very lame defense. There are plenty of twenty some things that are a mess. However, that was all factored in when the Obama administration stated that they needed 40% of the enrollees to be young. I think that number is actually low but if they don’t come close Obamacare is the walking dead. The only question is how many democratic seats will be lost before the Democrats cut their losses like they did in the late 80s on the other badly drafted law.
The only question is how many democratic seats will be lost before the Democrats cut their losses
The answer:
About three times as many as they will actually lose.
Your party has lost 5 out of the last 6 popular vote national elections. Why? Because down deep, Americans do not like the Republicans much on a national level.
ACA is here to Stay.
ACA is here to Stay.
I take this as Lola promising he will never return if it gets repealed. I don’t know whether I am looking forward to that day, it’ll be like an angry drunk heading out the door slurring loudly “you won’t have me to kick around no more. You’ll all mish me. I promish.”
“Terri Lynn Land, the GOP candidate in Michigan…
“healthcare should be affordable and accessible to all Americans…we as a society have a moral obligation to help those who are not as fortunate.”
From a Repub? “we as a society have a moral obligation to help those who are not as fortunate.”
We as a society? Society? Have a moral obligation? A moral obligation to help those not as fortunate”?
The ACA has dragged the GOP (kicking and screaming) to a place where they are now talking about the morality of health-care for all.
If that’s not the conversation changing, I don’t know what is.
This genie cannot be put back in the bottle.
“We as a society” does sound a little different from “I’m not paying for someone else’s healthcare.”
She’s a RINO. Margaret Thatcher explained that there is no such thing as society.
Shill after shill after shill. A shill trifecta.
This could lead to centuries of available NG. Another reason to use NG vehicles:
http://peakoil.com/production/energy-department-seeks-methane-hydrate-proposals
A Minerals Management Service study in 2008 estimated methane hydrate resources in the northern Gulf of Mexico at 21,000 trillion cubic feet (595 trillion cubic meters), or 100 times current U.S. reserves of natural gas. The combined energy content of methane hydrate may exceed all other known fossil fuels, according to the DOE.
So just one source contains an estimated “100 times” our current reserves. Looks like we’ve got enough fuel for a long time.
San Leandro, CA Housing Demand Plunges 20% YoY; Now At 5-Year Low
http://www.zillow.com/local-info/CA-San-Leandro-home-value/r_13698/
San Diego +14.8% in one week +$85,900 up in one week.
http://www.deptofnumbers.com/asking-prices/california/san-diego/
75% of all billionaires made their money thru real estate :}
Don’t be silly. Billionares don’t buy houses to live in. They lease them.
Being a renter has made you rich huh?
And paying 250% premiums over retail for depreciating assets like houses sure has made you poor.
Remember;
“If you have to borrow for 15 or 30 years, it’s not affordable nor can you afford it.”
“Being a renter has made you rich huh?”
See also: Bill in Los Angeles
‘Comment by IE LANDLORD KING’
‘Being a renter has made you rich huh?’
Heh.
“The other shoe has dropped. A foreclosure inferno that raged across the Inland region and other hot spots in the U.S. is considered by industry experts be effectively contained, but new data shows banks have begun to turn their attention back to properties that have been in limbo. Foreclosure starts rose 10 percent in California in the first quarter from the same period in 2013, according to RealtyTrac. It was the first double-digit percentage increase for filings involving notices of default — the first step in the foreclosure process — in California since 2009.”
“In the Inland region, the 3,911 notice of default filings jumped even more, 21 percent, for the first three months of the year from the 3,236 filings over the same span of time in 2013. Banks, now adjusted to the 2013 California Homeowner’s Bill of Rights, are now taking steps to clear out the standing stock of homes that have long been in default. ‘I would suspect it will take a year for lenders to catch up with the foreclosure deficit created in 2013,’ said Daren Blomquist, VP of Irvine-based RealtyTrac. ‘We estimate that only 10 percent of these bank-owned properties are listed for sale and more than half are still occupied by the former homeowner or tenant.”
http://thehousingbubbleblog.com/?p=8320
“If you have to borrow for 15 or 30 years, it’s not affordable nor can you afford it.”
You said it man!
Accumulate tangibles. If you have to accumulate cash (paper under the mattress) at least do not have more assets in cash than tangibles. Tangibles: physical precious metals bullion coins - preferably American Eagles (platinum, silver, gold), wines, farmland where there is still abundant water, auto parts of popular vehicles in your area, firearms, ammo, etc.
deptoffraud.com
I did some further digging about the people lie 200 times a day stat that I had heard after someone here rightfully called BS on it (thanks).
I think it is a perversion of the true stat which says that people are lied to between 10 and 200 times a day. Makes much more sense.
The lying 200x/day was a statistic about realtors.
And Lola.
Disgruntled, ex-employee post this?
http://maine.craigslist.org/ofc/4423814143.html
flagged. what did it say?
Job posting asking for attractive women to be receptionists. Furnished a phone number. Rather low-brow stating that attractive women are needed is sorta like saying sue us please, so I figured someone was setting someone up.
I don’t know what it is, but CL is TheOnion-lite at times. Garbage in,garbage out. All I know is I am suffering from first world problems and it ain’t treatable with seeing how inane the economy can get.
Riverside,CA +2.0% in one month +$6,900 in one month
http://www.deptofnumbers.com/asking-prices/california/riverside/
Los Angeles +3.0% in one month +$15,000 in one month
http://www.deptofnumbers.com/asking-prices/california/los-angeles/
Orange County +3.3% in one month +$19,000 in one month
http://www.deptofnumbers.com/asking-prices/california/orange-county/
San Diego +14.8 in one month +$74,000 in one month
http://www.deptofnumbers.com/asking-prices/california/san-diego/
Now you understand why housing demand has collapsed to 20 year lows.
See? You do know how to learn something!
Housing prices keep going up,while you throw money away being a renter!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Prices are falling.
What’s not to like?
Is the Ukraine crisis messing up your stock gains?
No, it provides my dividend driven purchases with more stock.
Bulletin Ukraine claims Russian forces entered country’s east: Bloomberg
April 15, 2014, 11:21 a.m. EDT
European stocks deepen losses as Ukraine crisis escalates
By Carla Mozee
LONDON (MarketWatch) — Losses for European stocks deepened Tuesday afternoon in the wake of reports the crisis in Ukraine has escalated. The Stoxx Europe 600 (SXXP -0.85%) fell 1% to 326.64, and Russia’s blue-chips MICEX index (MCX -1.29%) lost 2.5% to 1,311.01, following reports from Russian news agencies that Kiev-led forces have surrounded the city of Slavyansk in eastern Ukraine. ITAR-TASS quoted the Slavyansk’s acting mayor as saying armored vehicles were in place around the area. Meanwhile, part of Russia’s 45th Airborne Regiment was seen in the towns of Kramatorsk and Slavyansk, Ukrainian First Deputy Prime Minister Vitali Yarema said on television, according to a Bloomberg report. The decline on Germany’s DAX 30 (DAX -1.66%) accelerated pace, pushing the index down 1.8%.
What’s eating the gold bugs today? I thought political and military unrest were supposed to be good for gold prices.
Perhaps it is a case of “buy on the rumor, sell on the news”?
As I stated above the Empire decided to strike back to day but it is interesting that gold has managed to regain the $1300 level. This article from Goldseek is very interesting. It explains a point that I have made on this blog before the Fed’s policies are making it very hard for anyone to save for retirement and in fact will lead to the bankruptcies in the defined benefits programs particularly of the public pension programs: when you don’t have the pension you were counting on don’t forget to thank Obama:
85% OF PENSION FUNDS WILL GO BUST WITHIN 30 YEARS
The “pensions timebomb” keeps on ticking and as societies we become less prepared by the day.
Yet another report shows that the US public pension system is in dire straits. This one comes from renowned hedge fund manager Bridgewater Associates.
The study estimates that public pension funds will earn an annual return of 4% or less in coming years due to near zero percent interest rates and financial repression. That, in turn, would cause bankruptcy for 85% of the pension funds within 30 years, the study warns.
Public pension plans now have only $3 trillion in assets to invest so that they can pay out $10 trillion of retirement benefits in coming decades, according to Bridgewater. The funds would need an annual investment return of about 9% to meet those obligations, the report says.
Many pension plans assume they will earn 7% to 8% annual returns, an assumption which is far too high. But even in the best case scenario of the pension plans achieving those returns, they will face a 20% shortfall, Bridgewater notes.
Bridewater looked at a range of different market conditions, and in 80% of the scenarios, the pension funds become insolvent within 50 years.
A report issued earlier this year by the Rockefeller Institute of Government says state and local government pension systems have very significant problems.
“Bad incentives and inadequate rules allowed public sector pension underfunding to develop,” the study says. “They mask the true costs of pension benefits and encourage underfunding, under-contributing, and excessive risk- taking, trapping pension administrators and government funders in potentially destructive myths and misunderstanding.”
It is likely that many pension funds will go bust in the medium term and this may be a crisis that looms large sooner than the Bridgewater research suggests.
Pension funds traditional mix of equities and bonds may underperform in the coming years as many stock markets appear overvalued after liquidity-driven surges in recent years and bonds offer all time record low yields and are at all time record highs in price and can only fall in value in the coming years.
“…it is interesting that gold has managed to regain the $1300 level.”
Especially since it ‘regained’ that level through a 1.85% drop so far this morning.
Gold 1,303 -25 1.85%
when you don’t have the pension you were counting on, don’t forget to thank
ObamaAmerica’s failed 34 year SupplySideTrickleDown’s experiment.Pensions funds did wonderful when Reagan was in office. You like to blame Reagan for Obama’s failures but it is not flying.
You like to blame Reagan for Obama’s failures but it is not flying.
What’s “not flying” in America is 34 years of policies only favoring the rich, started under Reagan and continued today.
Blame Bubba. He sold out to Nafta. By 2016 democrats will have occupied the White House for 16 of the past 24 years. If you can’t get it done in that time, more than a generation, you can’t get it done.
It’s pretty interesting to see gold dropping like a rock at the same time Treasurys are rallying, despite the alleged joint efforts of Russia and China to end the dollar’s reserve currency status, no?
April 15, 2014, 2:31 p.m. EDT
Gold drops over 2%; silver, copper take hits
Concerns over Chinese economic growth weigh on industrial metals
By Myra P. Saefong and Sara Sjolin, MarketWatch
SAN FRANCISCO (MarketWatch) — Gold futures dropped just over 2% on Tuesday, with analysts attributing the decline to profit-taking on the back of overall strength in the dollar after the prior session’s close at a three-week high for the metal.
Silver and copper, meanwhile, saw their prices take hits on concerns over China’s economic growth.
Gold for June delivery (GCM4 -1.91%) dropped $27.20, or 2.1%, to settle at $1,300.30 an ounce on the Comex division of the New York Mercantile Exchange, erasing an $8.50 gain from Monday, when prices closed at a three-week high.
The fall in gold was due to profit-taking before the Easter holiday, with the decline also triggered by “buy stop losses and subsequent creation of intraday short positions,” said Chintan Karnani, chief market analyst at Insignia Consultants in New Delhi, noting that huge long positions were created on Monday as gold managed to trade over $1,320.
But gold bulls “still have hope as long as it trades over March low” of $1,277.40, he said.
…
http://calwatchdog.com/2014/04/14/calstrs-unfunded-liability-hits-new-high/
California pension funds. Liberals love to make promises even when the money is not there to fund them. The teachers can stamp their feet and say they have a right to the pension but if Brown does not fund the pensions, so he can have a fake “surplus”, they will not get their pensions.
Another thing that I believe is occurring can be seen in the stock TSLA. (Tesla), it is off six percent just today and is below 186. It is not unusual for funds invested in high tech to buy gold as a hedge. As their stocks fall sometimes they have to meet margin calls and they sell out some gold since it usually moves inversely to the stock market. Of course, sell enough of it to meet margin calls and it does not. However, for the most part gold has done well during the tech sell-off and has performed its role.
This is interesting even if the reporter is too dumb to know the difference between a rocket and a missile. Reporter, here is a hint rockets have been around for thousands of years, missiles only since the twentieth century.
http://news.yahoo.com/rebel-videos-show-first-u-made-rockets-syria-115740283.html
“Even in the absence of the excess empty housing inventory estimated in the tens of millions, historically housing prices fall. Why? Because houses depreciate. ALWAYS.”
You better believe it.
In Ithaca NY, wife is at a job interview and we may be moving up here from DC area. While looking at RE up here I ran into a ranch which is listed at 250K. Pictures look like there have been zero updates done since they bought it in 2000 for 50K. House is in terrible shape and looks like some Baby Boomers Museum.
It’s been on the market for over six months. They are “gonna GIVE it away!”. This next dip in the market is gonna be spectacular!
Good luck. You’re going to need a herd of it.
Ithaca? I though the house was free and you just paid taxes and utilities in upsate
A quick check of zillow puzzles me that an outdated ranch would list for $250K. I’ve been to the Finger Lakes region… not like there’s much traffic. You could move 10 miles out, buy something nice for half that amount, and still not have a commute to contend with.
Why? Your outdated ranch listed for more than that.
‘Soon after the 2004 U.S. coup to depose President Jean-Bertrand Aristide of Haiti, I heard Aristide’s lawyer Ira Kurzban speaking in Miami. He began his talk with a riddle: “Why has there never been a coup in Washington D.C.?” The answer: “Because there is no U.S. Embassy in Washington D.C.” This introduction was greeted with wild applause by a mostly Haitian-American audience who understood it only too well.’
‘Ukraine’s former security chief, Aleksandr Yakimenko, has reported that the coup-plotters who overthrew the elected government in Ukraine, “basically lived in the (U.S.) Embassy. They were there every day.” We also know from a leaked Russian intercept that they were in close contact with Ambassador Pyatt and the senior U.S. official in charge of the coup, former Dick Cheney aide Victoria Nuland, officially the U.S. Assistant Secretary of State for European and Eurasian Affairs. And we can assume that many of their days in the Embassy were spent in strategy and training sessions with their individual CIA case officers.’
‘To place the coup in Ukraine in historical context, this is at least the 80th time the United States has organized a coup or a failed coup in a foreign country since 1953. Most U.S. coups have led to severe repression, disappearances, extrajudicial executions, torture, corruption, extreme poverty and inequality, and prolonged setbacks for the democratic aspirations of people in the countries affected. The plutocratic and ultra-conservative nature of the forces the U.S. has brought to power in Ukraine make it unlikely to be an exception.’
‘If the role of the corporate media was to provide factual journalism, these studies would be a terrible indictment of their performance. But once we acknowledge their actual role as the propaganda arm of an expansionist political and economic system, then we can understand that promoting the myths and misinformation that sustain it are a central part of what they do. In that light, they are doing a brilliant job on Ukraine as they did on Iraq, suppressing any mention of the U.S. role in the coup and pivoting swiftly away from the unfolding crisis in post-coup Ukraine to focus entirely on attacking President Putin for reclaiming Crimea.’
Just another example of an out of control government. But what are we to do?
Having guns only encourages them to bring more to the fight.
But the PTB do not want a Waco and they especially do not want a Heaven’s Gate type situation and the Bundy ranch would be that type of situation.
The real story of what Heaven’s Gate was based on:
http://en.wikipedia.org/wiki/Johnson_County_War
Just another example of an out of control government. But what are we to do?
Popular movements like the antiwar movement back in the Vietnam days can affect government policy. The problem is that foreign policy issues are generally not high on the list when voters are asked what they’re most concerned about.
Covering the blow back from the U.S. government meddling never occurs. How much of Syria is now governed by extreme Islamists who kill Christians and any Muslims that do not meet their standards? What was the U.S. government’s role in fomenting the opposition to Assad? We will never know unless Syria becomes a “success” which is highly unlikely. But as I posted above now we are sending anti-tank missiles to the Syrian opposition.
“severe repression, disappearances, extrajudicial executions, torture, corruption, extreme poverty and inequality”
An apt summary of Obama’s America 2014
It is mourning in America.
As opposed to the Reagan era from Wikipedia:
“Morning in America” is the common name of a political campaign television commercial, formally titled “Prouder, Stronger, Better” and featuring the opening line “It’s morning again in America.” The ad was part of the 1984 U.S. presidential campaign of Republican Party candidate Ronald Reagan. It featured a montage of images of Americans going to work and a calm, optimistic narration that suggested the improvements to the U.S. economy since his 1980 election were due to Reagan’s policies and asked voters why they would want to return to the pre-Reagan policies of Democrats like his opponent Walter Mondale, who had served as the Vice President under Reagan’s immediate predecessor Jimmy Carter.
The phrase “It’s morning again in America” is used both as a literal statement (people are shown going to work as they would in the morning), and as a metaphor for renewal.
“Morning in America” meant Reagan had all day to triple the USA national debt and put America on the path to be the world’s biggest debtor.
Good Morning America!
Obama added far more debt without any results. It is easier to triple a number from a low base than it is to double from a high base. Like Obama, with deportations, you love to distort numbers.
Reagan won the cold war and made the economy boom, what has Obama accomplished with all his spending?
Obama added far more debt without any results.
No. Reagan tripled our national debt. Obama might just double it.
It is easier to triple a number from a low base than it is to double from a high base.
It was not “easy” at all for Reagan to triple the debt. It took a monumental error in math and economic policy-TrickleDown.
Take a look at the chart. USA debt only started going haywire under Reagan in 1981.
xhttp://www.wordyard.com/2010/07/19/party-context-of-that-staggering-debt-chart/
Reagan won the cold war and made the economy boom,
Reagan proved extreme debt can make the country boom for awhile.
If it extreme debt that caused the boom the economy should be booming right now since as a percentage of the GDP and certainly in trillions of dollars, Obama has added far more debt. No, this debt argument was always made prior to Obama, that the Reagan recovery was just a Keynesian recovery. That is why people on the left expected a V shaped recovery after the Obama stimulus was passed. That is why repeatedly they called for a recovery summer. However, Obama has proven that the Reagan recovery was not a Keynesian recovery that supply side economics works in way Keynesian policies cannot work. That is why leftists like you are so angry, Obama’s policies did not work in Zimbabwe, Brazil or the U.S. and they were tried in all three places.
If it extreme debt that caused the boom the economy should be booming right now since as a percentage of the GDP and certainly in trillions of dollars
No, it does not work like that. Because after decades of the same type policies, it takes more and more dollars of debt to create the same dollar’s worth of growth. Like caffeine . It might make you feel good at first but then after 10 cups a day for 34 years, one starts to fall apart. It’s the MATH of debt.
(Reagans trickleDown borrow and spend policies) did not work in Zimbabwe, Brazil or the U.S. and they were tried in all three places.
There you go. But Reagan’s failed philosophy worked much longer in America because of the dollar, and a manufacturing/educational/productivity base that took TrickleDown about 25 years to totally gut like a fish. Because America is exceptional.
America was exceptional until Obama was elected than we became like Europe with European growth rates due to socialistic type policies.
America was exceptional until Obama was elected
There you have it folks. ExtremeObamaDerangement and lack of historical perspective of the policies blindly followed for 34 years.
until Obama was elected than we became like Europe with European growth rates due to socialistic type policies.
What “socialistic type policies” did Obama enact? The ACA? You mean the Repubesque Romney/Heritage Foundations’ ACA? Or stimulus that put some of the stolen money back in the hands of Joe sixpack instead of like Bush did with the banks?
Face it folks, USA’s been going down the drain for 34 years because we much favor the rich over ourselves. It’s history and fact. As if just Obama, entering office at the very beginning of the greatest recession of our lifetimes was responsible for 3 decades of policy that lead to the greatest recession of our lifetime. Good grief. Let’s think in long term concepts instead of read-from-the script inanities.
Just his energy policies were enough to derail any real recovery. He decided to cut co2 emissions through the regulations and we are all paying the price for it at the pump and in our home heating bills. The recession ended in the Summer of 2009 and any decent president would have had a V shaped recovery given the amount of deficit. You are the one that can only repeat Soros and Democrat talking points. He had the Congress to do anything he wanted when he was elected, he wasted it and actually enacted counter productive legislation like the ACA, that has chilled hiring in the private sector.
And don’t forget his banking reforms which have only lead to more concentration of banking since small banks which were not the problem cannot afford the costs of compliance and are having to merge or close.
‘read-from-the script inanities’
That’s the title of your hand out. You’re not supposed to post that.
(Obama) wasted it and actually enacted counter productive legislation like the ACA, that has chilled hiring in the private sector.
You’ve no facts-you don’t even know your own country’s history or current politics. As I said, you spout read-from-the script inanities and you don’t even change them to be a bit original.
You got nada. You are no challenge to facts.
‘read-from-the script inanities’
That’s the title of your hand out.
I beg to differ sir.
I don’t think a hand-out designed to address any Repub base would use such a big word as “inanities“.
Lola….. la la la la lola….. la la la la lowwwwwwwww la!
Schooled.
lol, I see HA and LolaLOL quickly post all over the page after I post, probably freaking out. With the Joshua Tree extension’s “ignore” they just look brown skid-marks.
I rattle your cages good. If you had something smart to add, I’d read them. Woff, woff!
Hard.
“U.S. official in charge of the coup, former Dick Cheney aide Victoria Nuland, officially the U.S. Assistant Secretary of State for European and Eurasian Affairs.”
Meet the new boss
Same as the old boss
“…former Dick Cheney aide Victoria Nuland…”
Yep, more jooz playing empire.
How real pollution from China and not AGW are enhancing storms, not addressed in the story but I wonder if the pollution is also enhancing typhoons:
http://wattsupwiththat.com/2014/04/14/jpl-claim-asian-pollution-makes-us-storms-worse/
pollution is or pollutants are
http://mises.org/daily/6724/Cognitive-Dissonance-on-Minimum-Wages-and-Maximum-Rents
Bond Report Archives
April 15, 2014, 1:35 p.m. EDT
Treasurys rally as Ukraine situation intensifies
10-year Treasury yield falls to 2.61%
By Ben Eisen, MarketWatch
NEW YORK (MarketWatch) — Treasury prices swung higher Tuesday as fears over possible escalation of the conflict between Russia and Ukraine crested, rattling stock investors and sending them into haven government debt.
Russian forces were seen on the ground in eastern Ukrainian cities of Slavyansk and Kramatorsk on Tuesday, as Ukrainian forces mobilized to regain control of its eastern cities, according to news reports. The news heightened market fears that simmering tensions could become violent. Stocks sold off on the news, sending investors into haven Treasurys.
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“The rally is a direct result of stocks rolling over here this morning on Ukraine and Russian headlines,” said Michael Cullinane, head of Treasury trading at D.A. Davidson & Co. “Market participants would like to lean a little short in the Treasury complex, but they continue to have these cross-currents.”
The 10-year Treasury note (10_YEAR -1.06%) yield, which falls as prices rise, was down 3 basis points at 2.607%. The 30-year bond (30_YEAR -0.92%) yield slid 4 basis points to 3.445% and the 5-year note (5_YEAR 0.00%) yield was down half a basis point to 1.595%.
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April 15, 2014, 10:25 a.m. EDT
The Fed can’t push on a string
Commentary: Fed can rein in the economy, but more tools needed for growth
By Irwin Kellner, MarketWatch
PORT WASHINGTON, N.Y. (MarketWatch) — Those who think that the Federal Reserve can single-handedly control how fast the economy grows don’t understand how monetary policy works.
Recently there have been complaints both from within the Fed as well as from outside it that the central bank isn’t doing all it can to promote economic growth and thus faster job creation. This is easier said than done. The Fed may be a major player in the U.S. economy — but it is not the only one.
The proof is in the ups and downs in the economy.
In the past 100 years that the Fed has been inexistence, there have been 19 business cycles, or an average of about one every five years. During the previous 56 years, downturns occurred once every four years, on average. So the Fed’s influence has been marginal, at best.
True, the money mavens managed to keep the economy from falling into another Great Depression, back in 2008. However, it could not stave off what ultimately became known as the Great Recession — a downturn from which the economy is still trying to recover.
For those of you who forgot, here’s how monetary policy works.
When it wants to boost the economy, the Fed relies mainly on increasing the money supply and lowering interest rates. More liquidity in the system at a cheaper price usually can be counted on to increase borrowing and thus spending. This, in turn, is supposed to lead to greater economic growth and greater employment.
In addition to these tools, the Fed can also make it more lucrative for the banks to lend by reducing reserve requirements. And by lowering margin requirements, the central bank can promote greater demand for stocks, thus increasing wealth and confidence of shareholders.
But there’s more to it than this. Did you ever hear of the phrase you can lead a horse to water but you can’t make it drink? Same goes for monetary policy: if business conditions are lousy and jobs are hard to get, companies and individuals are unlikely to borrow no matter how much money is available and how low interest rates may be.
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http://news.yahoo.com/blogs/sideshow/some-landlords-in-sf-offering-big-bucks-for-tenants-to-move-out–here-s-why-135835183.html
Ron Paul group to defy IRS
By Joel Gehrke |
APRIL 15, 2014 AT 2:15 PM
Ron Paul’s nonprofit Campaign for Liberty will fight the Internal Revenue Service’s demand that it reveal its donor list to the agency, despite having already been fined for refusing to do so.
“There is no legitimate reason for the IRS to know who donates to Campaign for Liberty,” Megan Stiles, the communications director at Campaign for Liberty, told the Washington Examiner in an email on Tuesday. “We believe the First Amendment is on our side as evidenced by cases such as NAACP v. Alabama and International Union UAW v. National Right to Work. Many 501(c)(4) organizations protect the privacy of their donors in the very same way as Campaign for Liberty. For some reason the IRS has now chosen to single out Campaign for Liberty for special attention. We plan to fight this all the way.”
Ron Paul suggested that the group will refuse to pay the IRS fine in a fundraising email to supporters about the agency’s request for information.
“Paying this outrageous extortionist fine — just to exercise our rights as American citizens to petition our government — may even be cheaper in the short run,” he wrote. “But it’ll just embolden an alphabet soup of other federal agencies to come after us.” Paul’s email said that the rule requiring that 501(c)(4)s list their donors is “rarely enforced.”
Stiles accused the IRS of trying to silence her organization. “The IRS technically requires donor information from 501(c)(4) organizations and is forbidden by law from releasing it to the public, yet despite this they have ‘mistakenly’ released the information repeatedly over the years,” she wrote. “Often these leaks have been made to political opponents of the conservative groups whose information was leaked. Leaking the donor information is intended to harass and to intimidate those donors from donating to political causes. Campaign for Liberty has refused to provide donor information to the IRS to protect the privacy of our members. Now the IRS has demanded the information and fined Campaign for Liberty for protecting its members’ privacy.”
http://washingtonexaminer.com/ron-paul-group-to-defy-irs/article/2547261 - 72k -
Donald Rumsfeld declares war on IRS
April 15, 2014, 5:22 PM ET
By Jonnelle Marte
Not even Donald Rumsfeld understands his tax returns.
The former defense Secretary penned an annual letter to the Internal Revenue Service stating that he has “absolutely no idea whether our tax returns and our tax payments are accurate.” In the letter, links to which were posted on Rumsfeld’s Twitter account Tuesday afternoon, he notes that despite being a college graduate (slightly understating his resume) he and his wife do not understand their tax returns and that neither do most other Americans. “As in past years, I have spent more money than I wanted to spend to hire an accounting firm to prepare our tax returns,” he writes.
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I guess we then expect flackjacketed IRS paramilitary thugs to show up in Texas at the Ron Paul ranch. I’ll be there helping the Paul’s confront the IRS - and we will all be armed.
https://www.youtube.com/watch?v=ep_Yfpd0yO8
…right up until the troops show up, and you all flee squealing.
Eventually one of the crypto currencies will win.
Here are a few
http://netforbeginners.about.com/od/Bitcoins-and-Cryptocurrency/tp/List-of-Cryptocurrencies.htm
Maybe none on this list above. But we will find out. The “Dollar Vigilante” guy Jeff Berwick thinks there will be significant changes in the way we use currency in the next ten years and I am 99% sure he is confident crypto currency will be common and the central banks in many nations will crumble.
New York State’s “Safe Act” has only a 10% compliance rate. That is, 90% of the gun owners there refuse to register under this new law.
Civil Disobedience. It is required when the thugs in offices all over the United States - elected by the majority - which are FSA and statists - violate your individual rights. Your right to life - includes self defense. Includes keeping 100% of what you earn; Your right to liberty - includes that you are not a slave to the IRS; Your right to acquire and own property - that property, earned honestly, is from your blood, sweat, tears, and brainpower and is 100% yours, not a thugernment’s.
The Bundy Ranch showdown was also another good example of people disobeying bad thugs and defending these rights.
The Bundy’s had enough.
The New Yorkers had enough.
Enough of this government violation of individual rights. The tipping point is now.
There will be more Bundy showdowns and more non-compliances and the individuals will win, not the government.
Enough of this government violation of individual rights. The tipping point is now.
Yea BillWhereEverTheyHaveUgo. Write an anonymous letter before you go to work tomorrow.
http://anarchast.com/about/
realtors are liars