The Housing Bubble

She telegraphed loudly about housing yesterday- more to come.

If Pete Rose and Newt Gingrich had a female child together, she would grow up to be Yellen.

I thought it was the half man and half women Ghost of Janet Yellen talking? Her vocabulary sounded like she had Greenspan’s Johnson in her mouth while she spoke as she sounded similar to him. Her circular logic was brilliant and most congressmen wanted to cozy up to her. The theatrics put up by the panel questioning her was disgusting.

It is like a group of snakes having a pig eating contest. The pig is passing through the python at different rates in different places. Phoenix is one of the “winning” snakes. The investors are long gone there where the jig is up.

But have you ever been there to see what happens when that pig finally passes through the python. I have and it ain’t pretty. I actually personally saw it happen with Damien, the snake for Jake the Snake Roberts when he was training in my same gym. He had eaten a rabbit some time before and now there was — Snake$hit everywhere — and poor Jake wiping it up with a towel.

That’s gonna be you with the towel if you don’t get out soon.

Why weird? In 2005 there was talk of equity rolling across the country as the bubble spread to cheaper areas. The bubble popped before the equity rolled very far. Now the cash is doing the same thing. Question is how far the will roll.

This is not good news for Lola’s wedding planner gig.

I got married for $42. $38 for the marriage license, $2 for parking, and I treated my lovely bride to a bagel with cream cheese from the courthouse deli for $2 after the ‘ceremony’.

Nah. Speaking for myself and nearly all of my male friends, we’re essentially boycotting marriage because the social contract has been broken, likely beyond repair. Marriage provides almost no real, tangible, or practical benefits to men that they can’t get while single, and the downside - particularly financially - is huge.

I have a few female friends that have been on the receiving end of divorce. Where they made more money, etc, and they are unanimously appalled at how the courts treat non-custodial parents and former breadwinners.

Until the laws are changed, what’s the point?

blurb from wall street journal article behind subscriber paywall

obama climate-change push faces a lukewarm public

polls show climate change ranks low when voters are asked to assess priorities

‘the white house rollout of a climate-change report this week was aimed squarely at showing the public that inaction affects people directly, covering everything from extreme weather to seasonal allergies.

but left unanswered is the question of whether a broad public-relations push — which features president barack obama chatting with tv meteorologists including nbc’s al roker — will be enough to make americans care.’

More warmist warming from Obama rag the New York Times:

“A new scientific report on global warming released this week, the National Climate Assessment, named Miami as one of the cities most vulnerable to severe damage as a result of rising sea levels … Florida’s politicians, including two possible contenders for the presidency in 2016, are starkly at odds over what to do about it and whether the problem is even real.”

http://www.nytimes.com/2014/05/08/us/florida-finds-itself-in-the-eye-of-the-storm-on-climate-change.html

American Exceptionalism from the bedwetting New York Times:

“Perhaps more than any other rich nation, Americans are skeptical that climate change is a dire issue. In Pew Research Center surveys conducted last spring, 40 percent of Americans said that global climate change was a major threat to their country. More than 50 percent of Canadians, Australians, French and Germans gave that answer. More than 60 percent of Italians and Spaniards did. And more than 70 percent of Japanese did.”

And you think I’m joking when I say that science is European, socialist, and probably gay?

Why don’t you take all your uppity “science” and go back to Europe. You can keep your trains and bicycles and tiny apartments, and we’ll keep our Hummers and McMansions and Big Gulps.

‘Merica f* yeah!

Is that staying in the closet or going back into the closet? Everyone knows pretty soon anyway unless you avoid social situations. You’re in your mid twenties with a new job, everyone is running around hormones and cash raging, trying to hook up.

And if they were openly gay on their college campuses in the last few years then there is some facebookie twittery stuff out there for sure anyway. Just sounds like more page filler nonsense.

Perhaps they’re going back in the closet (becoming “cured”?) to help their future GOP congressional prospects. Lindsey “Benghazi” Graham appears to be steamrolling towards a 4th term, btw.

I don’t understand how it helps anyone’s career to be straight, at least in a big city. At jenner, approximately 50% of the people on my floor were gay and probably 2/3 of the people who do appellate litigation (the most prestigious dept in the DC office) were gay. I kept a pair of jeans in my coat closet just because there were numerous fundraisers during the year where you could make a donation to this or that gay rights cause and wear jeans for the day to “show your support”. I didn’t want to look like some type of homophobe and not have a pair of jeans handy on those days.

And Donald Sterling would have been right there schmoozing with them all only a month ago.

The public elementary school that serves millionaires row in Pasadena gets a 2/5 rating.

but in the diseased, delusional, liberal mind, statistics like these are somehow still the fault of all those evil, rich, white republicans:

http://www.infowars.com/denninger-if-you-take-out-black-on-black-homicide-three-quarters-of-all-gun-murders-disappear/

Subsidize more fatherless families of all races, colors and creeds. I had a dream…

12% of income, an amount which shall remain undisclosed, lest I attract even more groupies trying to get a piece of this action.

“Trey Howdy is an ex-prosecutor ”

Dime a dozen. Many prosecutors are really dumb and it’s exacerbated by being a “true believer” in the system. It’s not like he was at DOJ, he was literally prosecuting meth heads in some of the poorest areas of SC (Spartanburg).

It also doesn’t help that Trey Gowdy is almost literally retarded. He is no Ken Starr or Peter Fitzgerald.

Is it time to re-open the Marine barracks bombing in Lebanon back in 1982?

OK. We’ll see how good he is. Watch and learn.

Cash is king. Realized another $5000 in gains the last 7 days by selling 170 shares of former company stock.

crater

To paraphrase George Orwell, some holocausts are more equal than others.

The twenty million that Stalin murdered don’t get much mention in the American curriculum.

Nor does the Rwandan genocide that happened only twenty years ago.

See also “The Holocaust Industry” by Norman G. Finkelstein.

Why get fired for this when teachers who air and promote their politics in classrooms don’t get fired?

When I saw several pro-Progressive posters on the walls of my nephew’s classroom, I told off the teacher and informed his parents.

He was going to a different school two weeks later.

“One characteristic of a mid-cycle expansion is rising employment and I nearly fell off my chair when I saw this chart. Despite the blowout Non-Farm Payroll release last Friday, the relative performance of the business training and staffing agency stocks is highly disappointing. This group broke down through a relative uptrend that began in late 2012 and they are now in an accelerating relative downtrend. You have to ask what Mr. Market is trying to tell us about expectations of the employment outlook when these stocks display this kind of performance.”

Staffing agencies do well in recoveries, but fade off in late stages of the recovery. I saw this trend happening as the hourly rates the pimps (oops I mean recruiters) offer get lower every new gig even though the clients might or might not pay the same amount directly to the shop. In essence, the pimps are too greedy for one, and convincing the newbies to shopping that they are not worth much, so the newbies lowball themselves and that also means lowballing the veteran consultants like me.

I think the consulting gold mine is peaking, in essence, and the trend is to go back as a direct hire. This does not mean you can no longer think of yourself as a temporary employee. In L.A. in the 80s lots of engineers hopped from one company to another every two or three years and took pay increases per hop.

So what if the consulting gold mine is peaking? It means the direct hire benefits are probably coming back, with compensation. My boss sold out and a larger company bought him. The new boss said there will be more compensation. How much, I don’t know. I am conservatively guessing 10%. And that puts me around where I would be if I was still consulting. On the plus side, I don’t have to travel exhausting distances between client and my Arizona residence. I am focusing more and more on health and diet and time off, less on building up $. I am still building up $ but using the momentum of my big stash of assets I built up as a consultant.

“Giorgio Borlenghi” eh? This guy will become another bankrupt a$$wipe and join the trash heap of other Trump Trainees.

And note the article indicates they’re deposits. Not sales.

I took a peek at some of the largest holdings and found some interesting stuff:

The biggest gainer of its largest holdings is Health Care REIT, Inc (HCN). So far, since the beginning of the year, the stock price has advanced 19.55%. Which means …

HCN is full of magic!

The price went up in spite of it sporting a P/E of 714.56, having cash per share on hand of only $0.55 yet paying out a dividend of $3.18.

But not to worry, it should more than make up for any cash shortfall because it’s ROE is an astounding 1.30%.

(snort)