Bits Bucket for August 5, 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
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What if ebola was only fatal in black people, kind of like AIDS is really a gay disease, and the mortality is linked to their predisposition to sickle cell anemia? Havent heard of a white person dying from it.
Maybe chocolate HeyZeus brought the white carriers back to the US to wipe out the ghettos, per Soros’ orders. Atlanta for now, but if I see carriers getting sent to Detroit or Saint Louis - thats a tell.
It seems to be working in Atlanta as housing inventory is skyrocketing across the state and demand is collapsing in Georgia.
Wow, I thought I spewed some ugly cynicism. That is real bad.I need to wash my eyes out.
You seem to be a tremendously stupid person.
…brought the white carriers back to the US to wipe out the ghettos..
An ugly sick soul you are.
kind of like AIDS is really a gay disease
Must be a lot of gay women out there. Got math or even own a Passport with a stamp in it?
Facts and Figures: HIV and AIDS
Prevalence http://www.unwomen dot org
Globally, 54 per cent of all adults living with HIV are women [1].
Young women worldwide make up more than 60 per cent of young people living with HIV;
Women and girls comprise 58 per cent of sub-Saharan Africans living with HIV; they bear the greatest burden of care [3].
In the Caribbean, 53 per cent of adults living with HIV are women [4].
In Asia, women account for a growing proportion of HIV infections: from 21 per cent in 1990 to 35 per cent in 2009 [5].
That’s funny.
It’s time to grow up and move out of mom’s basement.
Amy can make it happen!
Amy and I can make it happen!
Go see Amy today then come and see me and we, the three of us, WILL MAKE IT HAPPEN!
Free coffee for you, a few bucks and a cookie for Amy, (and some very big bucks for myself.)
(A mortgage: The gift that keeps on giving.)
No, mortgages give for 20-30 years and then they stop. Renting is the gift that keeps on giving.
“give for 20-30 years”
You’ll have alot to look forward to then, as reported by the Los Angeles Times
“The Washington D.C. region is drawing a number of the children caught illegally crossing the border because it is home to an estimated 165,000 Salvadoran immigrants, the nation’s second-largest population after the Los Angeles area’s 275,000, according to the Migration Policy Institute. The capital region had 42,000 immigrants from Guatemala and 30,000 from Honduras.”
Have fun writing those property tax checks to pay for all the social services needed by your new neighbors, many of whom are illiterate in both English and Spanish.
your new neighbors, many of whom are illiterate in both English and Spanish.
Not even Spanish??
That’s Un-American
The Donk excludes $200k losses to depreciation too.
And most people move every 7 years, resetting the clock.
Regarding yesterday’s post about Mitt Romney, I really just wanted to start a “discussion” about who we think has a chance to be the next President, not a food fight about everything written in the past.
Do y’all have a job (where they require work to be done)?
Anyway I’ll stand by my prediction. There are others who I might like better but I don’t think they have a chance this time around.
Who is your prediction to be the next Prez?
Rep. Mo Brooks (R-AL) speaking on the Laura Ingraham show as quoted in the Washington Post:
“This is part of the war on whites that’s being launched by the Democratic Party. And the way in which they’re launching this war is by claiming that whites hate everybody else. It’s a part of a strategy that Barack Obama implemented in 2008, continued in 2012, where he divides us all on race, on sex, greed, envy, class warfare, all those kinds of things.
And if you look at the polling data, every demographic group in America agrees with the rule of law, enforcing and securing our borders. And every one of them understands that illegal immigration hurts every single demographic group. It doesn’t make a difference if you’re a white American, a black American, Hispanic American, an Asian American or if you’re a woman or a man. Every single demographic group is hurt by falling wages and lost jobs.
And so the Democrats, they have to try to demagogue on this and try to turn it into a racial issue … they understand that and as they get more desperate, they are going to argue race and things like that to a much heightened emotional state”
Kansas City Star - In Kansas City, President Obama urges opponents to stop ‘hating all the time’
“Come on and help out a little bit,” Obama implored lawmakers to laughter and applause from an audience of 1,500 at the Uptown Theater in Kansas City. “Stop being mad all the time. Stop just hating all the time.”
http://www.kansascity.com/news/government-politics/article836239.html
New York Times - Democrats Seize on Social Issues as Attitudes Shift
http://www.nytimes.com/2014/08/05/us/politics/democrats-seize-on-social-issues-in-2014-midterm-elections.html
As I correctly predicted, 2014 will be a Republican landslide, but in 2016 and beyond, the Permanent Democrat Supermajority. The Republican Party will fade into obsolescence like the Whigs, and the American electorate will then have the “choice” of voting for the Free Sh*t Party versus the More Free Sh*t Party.
Can’t happen. You need someone to pay the bills and those people will not vote to give away more money. Asians and “white” Hispanics will migrate to the Republicans after the first tax increase upon them.
You need someone to pay the bills and those people will not vote to give away more money
That’s not relevant — $$$ does not equal votes. So the FSA can keep voting for more and more FS to be paid for by the productive members of society.
Death spiral.
Death spiral.
Could be,but normally you need more taxpayers than tax receivers and they move more conservative. It happened in 1980 when the middle class had been taxed too much. Demographic groups changed their allegiance. White Ethnics (Irish, Italians, etc.)left the Democrats and joined the Republican WASPS. Tax the middle class too much and middle class people of all races will vote for the low tax party. However, it could be we are like Detroit and beyond such a revolt but I do not think so. The Democrats have avoided taxing the middle class by borrowing and expanding the money supply but they have reached the end of that trick. To maintain the programs they will have to tax the middle class.
Look at the curve on this measurement of the money supply and without looking at the dates guess when Obama took over. Interesting article:
http://www.mining.com/web/us-dollar-fmq-carries-on-growing-despite-tapering/
Then we need a national sales tax so everyone pays even drug dealers they have to buy toilet paper too.
Look at the curve on this measurement of the money supply and without looking at the dates guess when Obama took over
Fun game! But we don’t have to guess when the curve bent looking at Adans fuzzy graph. We can tell exactly when the money supply started exploding by holding our cursor over this St. Louis Fed interactive graph at the exact point of the parabolic rise. The money supply started exploding July 2008 - seven months before Obama. Notice the monetary base started deviating upward in about 1981 and we don’t even have to guess that was Reagan. No one can stop this TrickleDown train now. Try the graph. Real math and facts are fun!
http://research.stlouisfed.org/fred2/graph/?s1id=AMBNS
The explosion continued well past July 2008 and continues today. Obama is printing away like his “father” Mugabe and it will have the same result.
I believe that Adan just predicted Zimbabwe level inflation in the United States before the end of Obama’s second term.
Is anyone keeping a list?
No but I think Rio just said it is Bush’s fault. I think we are all tired of that excuse. Pumping some money into the system when it seizes up is a legitimate role of a Fed, continuing to do it for years is just bad policy. The inflation rate will take off as soon as we have more than 2% growth, however, Obama is so incompetent that may not happen while he is president. The gasoline is all over the ground waiting for the spark of strong economic growth. When that happens the Fed will not be able to shrink the money supply fast enough to avoid severe inflation.
You can be bookkeeper, polly.
Glad to see you’re still checking in occasionally.
No but I think Rio just said it is Bush’s fault.
I’m letting you squirm a little longer before I figuratively bury you on what just happened with you on this blog today Adan.
Ladies and gentleman. Write this day down. Aug 5, 2014.
Hey, oxide. I’m still here. I just find the discussions less interesting of late.
Dan,
How is “Obama is printing away like his “father” Mugabe and it will have the same result” not a prediction? Would you like to adjust the date on your prediction to sometime after the end of Obama’s second term, say within 6 months? within 12 months? Specify which measure of inflation (CPI, core CPI, PPI, something else)?
We’ll let you refine the prediction a bit if you need to.
We will have inflation over Feds target of 2% before Obama leaves office. It should be more than 3%. If the next president is not like Reagan and is not willing to suffer a severe recession to stop inflation we will see 5% or more. If the country does not reduce the Fed’s balance sheet to around one trillion (it was 800 billion) within five years we will be looking at hyperinflation, look up the definition.
I’m letting you squirm a little longer before I figuratively bury you on what just happened with you on this blog today Adan.
Not in your wildest dreams. Six months of the curve is less than ten percent, we have had more than five years of parabolic money growth under Obama.
More weasel-wording to distance himself from any possible negative scenario, yet attach himself to something favorable. What a phony.
The explosion (of money) continued well past July 2008 and continues today.
No Adan. Too little too late.
8/5/2014
Ladies and gentleman of the HBB, I again offer proof that Albuquerquedan aka PropagandaDan, Adan etc…..is in fact a liar, a twister of facts, and a conjurer of illusion.
Proof:
1. Today, as he’s done before, Adan wants to lead you to believe that the money explosion began under Obama. He’s said this many times on this blog.
2. And as Adan has done before, he offers a “fuzzy” chart where it’s very hard to pinpoint the starting point of the explosion of money supply and one can easily looking at the chart think it started under Obama.
3. Then Albuquerquedan says at 2014-08-05 10:56:25 :
“Look at the curve on this measurement of the money supply and without looking at the dates guess when Obama took over………(without looking at the dates guess when Obama took over).”
4. This ladies and gentlemen of the HBB is indisputable proof that Adan is a conjurer of illusion, distorter of facts and is in fact a LIAR. Because I have shown you that the money supply actually started exploding a half a year before Obama took office under the Republican administration of George Bush/Hank Paulson and Ben Bernanke.
5. Albuquerquedan KNEW this when he wanted to lead you to believe the money explosion began under Obama. He knew because Albuquerquedan and I have debated this issue before on the HBB where I showed him the same facts as I’ve shown you today. He knew the dates.
6. Albuquerquedan knew the facts. He knew but yet he still thought so low of our intelligence that he decided to conjure up an illusion that was in fact a lie.
7. On this day 8/5/2014, I have again proved (as have many) that the poster Albuquerquedan, aka PropagandaDan/Adan, is in fact a distributor of propaganda, a conjurer of illusion based on twisted facts, half-truths and slight of hand and in fact Albuquerquedan is a LIAR.
8/5/2014 I rest my case.
All things are dependent on other things. That is the reality you would accept if you were intelligent to understand. I have made a specific prediction with specific conditions which would alter the analysis. I doubt very much I predicted 150 oil without identifying events that could alter the analysis. Many of the posters do not seem to understand that you need to identify conditions that can alter trends for successful investing. Most on this board thought the drop in housing prices would continue unabated. I identified that the Fed could reverse the trend at least in nominal terms by rapid money printing and that is exactly what happened. Now Whac is sore since his wife is mad at him for missing the bottom around 2011. Could there be another bottom? Of course, if the next president does not continue Obama’s insane policies. Otherwise hyperinflation is coming.
“I doubt very much I predicted 150 oil without identifying events that could alter the analysis.”
Another BS lie. I posted your words, verbatim yesterday. Are you denying your post now? Also, remember when I outed you as a liar about posting her for 9 years when you’ve been posting less than 5? How many more lies do you want me to prove, Scarecrow?
No you are the liar, you posted a post that referenced a prediction not the actual prediction from two months prior to that post. You would like to obscure that 90% of the money creation was under Obama by over emphasizing “start”. Yes, I should not have used that term. However, the point is the rapid money creation under Obama not whether emergency money was pumped into the system prior to Obama. You want to nitpick and ignore the main point. More than 90% of the parabolic curve is under Obama and you can find the Obama administration with a high degree of accuracy based on the parabolic curve. Long after the banking system is not lacking funds as measured by the fed funds, Obama is still printing money with reckless abandon. There was not intention to deceive anyone because when it started is not the main point. The point is who has created this vast potentially inflationary money supply and it is Obama.
money creation under Obama not whether emergency money was pumped into the system prior to Obama. You want to nitpick and ignore the main point. More than 90% of
No this is fun. (Just relax Adan, don’t forget to Breathe………)
Run, rabbit run.
Dig that hole, forget the sun,
And when at last the work is done
Don’t sit down it’s time to dig another one.
Breathe, Pink Floyd
Actually reread my own post I do not have to apologize for the word start, I did not use it. You just alleged I said start. I said can you guess when Obama took over and with surprising accuracy you can just by looking at that graph.
“No you are the liar, you posted a post that referenced a prediction not the actual prediction from two months prior to that post.”
Listen, fool, I am not Rio, so stick to talking to MY points and address his/hers separately. In your words, YOUR POST, you said you predicted it. Now you are saying that a person has to actually locate the prediction that, IN YOUR WORDS, you were referencing? I mean, WOW. You are pathological. Did everybody just read what this guy wrote? OMG.
Comment by albuquerquedan
2011-05-08 07:20:54
We might have a slight decline in gasoline based on the one day drop but oil we be headed higher over the medium and long term. A resumption in Libya supplies could delay the rise but the simple fact is that consumption will increase faster than production over the next few years. The defacto if not dejure moratorium on drilling in the Gulf imposed by the Obama administration is a major factor along with his foreign policy. The reduced drilling will really hit but next Summer when the oil wells would have come on line. We should expect to take out the oil highs by them. So $150 a barrel is my estimate by May 2012.
A resumption in Libya supplies could delay the rise but the simple fact is that consumption will increase faster than production over the next few years.
That is exactly what happened there was a surprising sharp increase in Libyan production that prevented the shortage that would have caused a spike in oil prices. The rise has been delayed.
Check out the weasel!
http://www.upi.com/Business_News/Energy-Resources/2012/07/31/Libyas-oil-production-below-pre-war-level/UPI-70431343736840/
Do you want me to post where you were calling for house price increases and then they fell, and then you were subsequently calling for house prices to fall? Lots and lots of weaseling going on, Scarecrow, lots and LOTS.
TRIPOLI, Libya, May 21 (UPI) — Libyan oil production has approached a level close to that seen before NATO-led operations ground it to a halt, an official said.
Libya was producing 1.6 million barrels of oil per day before the uprising against Moammar Gadhafi’s regime began in early 2011. Production had ground to a halt, but began increasing as Gadhafi’s regime began to collapse under the dual strains of civil war and a NATO-led intervention launched in order to protect civilians from attacks by government forces.
Nuri Berruien, chairman of Libya’s sate-run National Oil Corp., confirmed to Bloomberg News that production was “almost” at the 1.6 million bpd mark.
The Ras Lanuf oil refinery, which Bloomberg reports can produce 220,000 bpd, is close to full operations, he added.
The announcement follows the death of former Libyan intelligence officer Abdelbaset al-Megrahi, convicted in the 1988 bombing of Pan Am Flight 103 over Lockberbie, Scotland. There were 270 killed in the attack.
U.S. lawmakers, following the BP oil spill in the Gulf of Mexico last year, investigated whether Megrahi’s release was linked to a BP deal to explore for oil in Libya. British, Scottish and BP officials deny charges Megrahi’s release was related to oil
Megrahi died of cancer in Tripoli.
Topics: Abdelbaset al-Megrahi
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution
Read more: http://www.upi.com/Business_News/Energy-Resources/2012/05/21/Libyan-oil-production-close-to-normal/UPI-89001337602405/#ixzz39YVkzDUm
I have consistently argued that prices will fall in real terms but not necessarily nominal terms so go ahead. BTW, that last post from Rio confirmed that I had made the prediction conditional on Libyan production.
This is what I said yesterday when trying to remember a post from three years ago:
2014-08-04 14:27:54
I would like to see the actual prediction and not a reference to it. I remember saying oil could go up to 150 but I believe it was a more nuanced prediction. Something like if Libya does not go back into production we are looking at 150 dollar oil. However, I will not deny the possibility that I may not have been that nuanced since I honestly do not remember. If you went to all the work to look up all my posts, I think you probably have the actual prediction and I find it very strange you will not share it
BTW, that last post from Rio confirmed that I had made the prediction conditional on Libyan production.
When did I post today on Libyan oil?
You are paranoid.
I rest my case. Your own words are your worst enemy. You are a weasel of the highest order.
From business week August last year:
One of the most amazing things about the Libyan Revolution was just how quickly the country’s oil industry rebounded from the chaos and violence of 2011. After bottoming out at only 45,000 barrels a day in August that year after having fallen 97 percent since the previous January, Libya’s oil production was back near full capacity—1.6 million barrels a day, by last summer. That’s a huge success by any measure.
Sorry we dodged a bullet due an incredible rebound in oil production that was not foreseeable. However, I did correctly identify that one factor that would prevent oil from reaching $150 in May 2012. You can call that being a weasel, I call it intelligent forecasting. Being a weasel is posting hundreds of articles of China and actually predicting a collapse then claiming you meant twenty years from now. Had I not identified the one factor that would alter the forecast and just raised it now that would be a weasel. But the forecast came with that condition so you now have zero examples of me being wrong.
Dannyboy, your predictions may be incorrect, but worse than that, your posts are boring.
Sorry Goon, the predictions are not incorrect and they are not lies. Had Obama said if you like your insurance you can keep your insurance unless it does not meet the standards of ACA, he would not be a liar and a weasel. But trying to say it years after the fact does make him a liar and a weasel it as simple as that. I do know that the posts on both sides are boring but I will not be called a liar or incorrect when I am not. When I make a prediction I identify all exceptions in the prediction. Removing them from a post is the deceit. They cannot refute the substance of my posts so they have resorted to personal attacks. It is all the Alinsky gang has left.
“I believe that Adan just predicted Zimbabwe level inflation in the United States before the end of Obama’s second term.”
He’ll lie about it relentlessly when it doesn’t come to pass, similarly to the failed Rasmussen poll prediction for a Romney win that he touted here day-in, day-out during the Fall 2012 election season.
“We’ll let you refine the prediction a bit if you need to.”
Refined bullsh!t still looks, smells and tastes a lot like bullsh!t.
“This is part of the war on whites that’s being launched by the Democratic Party. And the way in which they’re launching this war is by claiming that whites hate everybody else. It’s a part of a strategy that Barack Obama implemented in 2008, continued in 2012, where he divides us all on race, on sex, greed, envy, class warfare, all those kinds of things.
Old news. It’s the r@cist’s white-man haters meme. They don’t like people of color so they say “it’s the colored people’s fault because they don’t like us”
They divide the nation and blame it on the Dems but it doesn’t matter much at the polls imo. They only “gain” their hatin’ base which they already had. But it sure riles them up.
Certain whites DO hate everybody else. They’re the ones shrieking about how persecuted they are.
Hillary Clinton (prediction, not a preference — ABQDan, try not to get all confused!!!)
Like you and your pal Rio, who tried to use a post where I said I have not and will not make a prediction on the presidential race to say I made a prediction? Great day yesterday, Rio proved I was telling the truth on not making a prediction on the 2012 race and you folded like an accordion on China.
Anyone who disagrees with your insipid posts is a pal of anyone else who points out their stupidity. And all are in league with Obama and other progressives.
For how much longer are you going to subject HBB posters to your nonsensical rants?
Pals? I thought we were all supposed to be the same person.
Shouldn’t you be pimping your Chinese masters’ economic miracle about now?
Just an observation here, Dannyboy posted 87 of the 362 posts in yesterday’s bits bucket…
And 43 of them were correcting typos.
Dannyboy posted 87 of the 362 posts in yesterday’s bits bucket…
If you have the time, please supply this count every day. You could give it a snappy name like the Dannyboy Ratio of the Day. Even better would be a breakdown of the 87. How many were about China, how many about Rasmussen, IQ tests, his own genius, etc.
I was replying to about four or five different leftists that did not like getting their butts kicked. Had I not replied then they would have attacked that.
BTW, 362 posts? Even removing 87 would be 275, far above the average day. I guess some people found the site interesting.
Dan, such a count wouldn’t be fair, not if we were betting. You need the last word in every conversation. Too easily manipulated.
“I was replying to about four or five different leftists that did not like getting their butts kicked. Had I not replied then they would have attacked that.”
You did nothing but post more of the same drivel. Your game is 100% strawman. Your new name is Scarecrow.
“My typo correction hasn’t posted yet so here’s the gist of it”
Had I not replied then they would have attacked that.
“Finished with my woman ’cause she couldn’t help me with my mind
People think I’m insane because I am frowning all the time
All day long I think of things but nothing seems to satisfy
Think I’ll lose my mind if I don’t find something to pacify
Can you help me, occupy my brain?”
Black Sabbath – Paranoid
‘I was replying to about four or five different leftists…”
The HBB’s defender-in-chief of Red Communist China called me a leftist. Ouch!
I outed you as a phony and a liar. I am not Rio, by the way. Ben can attest to that.
No your posts actually had me saying I was not making any predictions. You outed yourself out as a liar. Ben never confirms or denies a poster’s identity and you know that liar. However, no hard feelings I am glad you made bail.
Regarding the Rasmussen prediction, you said that if it was wrong, then it was wrong in favor of the Dems. It was wrong, but in favor of the Repubs. That was a wrong prediction on your part, wrongy.
Scarecrow: Your whole MO is to try to carefully word things so you can weasel out when they don’t come to fruition, or, if by some small miracle they happen to pan you, you say “as I predicted.” When I have some time, I am going to paste a bunch more of your nonsense from the past few years. It’s obvious you’re angry, which I’m happy about. You’re one of the worst commenters this site has ever seen. It would be good riddance if you never posted again. I hope to help that along.
You’re one of the worst commenters this site has ever seen. It would be good riddance if you never posted again. I hope to help that along.
Typical leftist cannot refute an argument so silence the person making the argument. Exactly what they started to do to scientists when the pause began in AGW debate, yelling up and down the debate was over and refusing to interview the scientists that stated that the rise was primarily cyclical and natural. The blog belongs to Ben not you and if he does not want to hear all sides in a debate he will ban me. However, I think he does want all sides so good luck with your efforts.
Oh, I’m not advocating Ben ban you. I want to expose you for the sorry person you are, and shame you into leaving. Unfortunately, narcissists like you are a whole different animal, and you typically never stop because of your deep insecurities. One thousand people could be screaming at you telling you you’re wrong, with evidence in hand, but you’d stand there with nothing and say you’re right. Nobody can reason with a diseased mind such as yours. I suppose I am wasting my time.
You have no evidence. Your buddy, Whac folded like an accordion on China. He knows I was right despite you and many other people on this board arguing against me just a month ago. Hundreds of posts for a crisis that is going to hit in twenty years. yea that is real believable.
The evidence is plentiful. Yesterday, I linked close to a dozen of your posts leading up to the election where you were trying to paint a picture that Romney was leading and would win handily when in fact everybody was screaming that you and your precious “Rasmussen” poll were wrong. Once Obama won decidedly, you went silent. Your excuse was something to the effect of “once Democrats saw how strong the support for Romney was on television, they all went out and voted for Obama.” You’re a joke, Dan.
Said in the one of the post you posted I had not and would not predict the election. The day before the election I said it was too close to call, the election was not like Reagan’s reelection which was a 59-41 landslide. It was too close to call and all my posts reflected my belief it was too close.
More weaseling from the Scarecrow.
One thousand people could be screaming at you telling you you’re wrong, with evidence in hand, but you’d stand there with nothing and say you’re right
Or Adan would just lie and conjure up illusion on twisted facts and half-truths.
Or call someone a homosexual but I imagine Adan wanting to call them the “N-word” sometimes too. (just to break up the monotony)
remember when I outed you as a liar about posting her for 9 years when you’ve been posting less than 5? How many more lies do you want me to prove, Scarecrow?
You never showed that you could search back nine years. I do not know how to check for nine year old posts so I cannot and I cannot remember what I was calling myself back then. You have proved nothing.
And that is what this really is about. You cannot deal with the fact that the average black in Africa has an IQ of around 75 and the average IQ in America for a black is 85 and you hate me for pointing out these facts. You hate it the most because it explains the difference in wealth between the races, the difference in incarceration rates and even the difference in homeownership without finding that America is a racist society and whitey is holding blacks down. I refuse to deal in white guilt since the facts show the blacks with an IQ of 100 do just as well as whites with an IQ of 100.
I am hated by the race pimps and those that want to explain their own failures away by claiming racism. If Obama posted he would be at least one of those categories but I believe his time as a community organizer means he fits in two categories.
I don’t think your small brain can comprehend this, but PLEASE quit confusing me with Rio. We are different people. You are accusing me of saying things I never have. Thank you in advance, assuming you understand.
I cannot remember what I was calling myself back then.
Right.
“You’re one of the worst commenters this site has ever seen.”
Oh my.
I think you promised you would stop posting the Communist Party line happy days news releases if I didn’t post about what a $hithole China is. Apparently you were insincere.
“Hundreds of posts for a crisis that is going to hit in twenty years.”
I said it would last for twenty+ years, not hit in twenty years. Don’t pretend to be too st00pid to know the difference — we know a bald face attorney’s lie when we see it.
“Hillary Clinton”
A more shrill, over educated, under informed nitwit alinskyite you can not find.
Geez….if I have to live under a permanent democrat super majority, at least elect somebody with a clue.
Whac,
She might but I think she’s going to run, build up a big war chest, and then come down with a headache or some other serious illness to preclude her from running. She can make millions a year just working one day a month. Why bother? History?
I always thought that she would be the first female president but then when Obama bumped her off in 2008, that made things much more difficult.
Blackhawk, what do you think about impeaching/removing Obama? While it would score points, how do you think Romney would fare against a President Biden?
Oxide,
There is no push for impreachment and I don’t very much whether there ever will be.
The Democrats are using the subject as a way of raising money from their constituents. That’s how desperate they are.
In 2016 any Democratic candidate is going to be poisoned by the effects of the Obama administration, Obamacare, and all the various scandals that are still swirling around the tidy bowl.
I sincerely doubt that Hillary is going to run because she’s in for a very tough time, she doesn’t like the media, and she can make millions of dollars doing practically nothing.
Oh by the way Joseph Biden is a nice guy but he’s a joke.
In 2016 any Democratic candidate is going to be poisoned by the effects of the Obama administration, Obamacare, and all the various scandals that are still swirling around the tidy bowl.
When it comes it to this Democratic vs. Republican stuff, the kind of analysis that you get from the MSM is pretty useful.
Two years from now, Obamacare will be entrenched. The debate will center on improving it. It won’t be possible to hang Lois Lerner on Hillary Clinton. The Republican candidate won’t talk much about Lerner and similar scandals. The swing voters don’t care about them. It’s possible that the GOP VP candidate and other surrogates will talk about them away from the spotlight as a way to increase turnout among the Fox News viewers, who are the only people who care about the scandals.
Thank you for answering calmly. We need more of this.
There may not be a serious push for impeachment, but someone behind the scenes is floating the idea. The right-wing base is certainly excited about the memes of King Obama and failure to uphold his Constitutional oath. The media is running with it for the ratings.
Biden is not really a joke, at least not enough to actually lose votes as Palin did. If Obama were to be removed, joke or no Biden would get 18-24 months of incumbancy on which to run.
Imagine if Clinton had been removed, and Gore Presided over two years of a great economy. Bush would not have had a chance.
The post is coming
Everyone is just mad at ABQDork because he’s so annoying is all.
I showed you up on Ebola which proves you do not even know anything about your supposed area of expertise. The left always goes after the people that disprove their ideology which explains the rest of the post. Nobody with an IQ above room temperature has posted against me, so I do not care.
BTW, that does not include you Oxide. You were intelligent enough to see that I did not make a prediction. Proving that I was right again, you are the most intelligent leftist on this board. However, that is damming with faint praise.
Thank you a-dan. You are also intelligent enough to qualify your predictions with verbiage that makes them not true predictions, but convinces the reader to perceive them as predictions.
That way, if you are right, you can claim that your “prediction” — that is, your idea — was correct despite the vagued-up verbiage. But if you are wrong, you can claim that, oh no, the “prediction” was actually in the eye of the beholder. Thus, you absolve yourself on a verbal technicality, while totally distracting the group that your idea was actually wrong.
This very common language tactic is a win-win for you… except to those who can smoke it out and call you on it.
I make predictions when predictions can be made. China will grow around 7% both this year and next is a clear prediction. However, I do know that China’s national debt is around 20% of its GDP compared to the US’s 100 percent. Thus, I knew that China had and has the resources to keep growth around 7%.
“However, I do know…”
You don’t know why China can’t spend its foreign currency “reserves” on home improvement though, do you? It’s not something commiedaily discusses.
Predicting China’s growth rate is such BS. You are not predicting anything. Everyone in the world knows what China’s growth rate will be on January 1st, when your heroes announce what they will make it be.
My only question for you is: Have you ever killed anyone? Because your level of narcissism is dangerous. You are so emotionally insecure that you would go to ANY length to not have to face your failures, which are too numerous to list.
You are a moron that thinks he is intelligent. If you live in Brazil because you are lowering its average IQ. Move to sub- Saharan Africa with its average IQ of 75 so you can be normal.
If you live in Brazil move because you are lowering its average IQ
I live in the US, Scarecrow. I know you are so insecure that your tiny brain can’t fathom more than one person on this blog disagreeing with your extensive BS, but it’s real. I am not Whac, I am not Rio, I am just another commenter who is tired of your act.
I got it ADAN. Just cut and paste this for everyone of you posts.
Why are there so many Rio’s? I think because I predicted that there is no AWG AlGore’s model broke because I said China will grow 7.5% because as I’ve pointed out Rassmussen was only pointing to a result I had serious interest because you have the IQ of some black country in Africa where Mugabe fathered Obama who I predicted might win the election because ObamaCare had not gone into the death-sprile yet but it will because Obama started printing like a Madman when Obama made Bush start printing.
I think you are Rio because I think it’s impossible that there can be so many as smart as him who I think lives in DC because I think If anyone wants to be so smart they would say they live in Brazil because the Average Brazilian IQ is some number I need to say to make me look smart.
death-sprile=death-spiral
However, I still kick all the Rios azzes with every blovious fight, regardless of how clear it is that the Rios actually copied and pasted posts where I predicted things, but I ignore those posts and hammer on different posts that the Rios aren’t actually talking about.
I will copy and paste snippets from random, different internet articles that actually contradict eachother, and try to act like I’m an expert on everything. People who actually have a clear picture of the problem at hand will correct me, but I will call them Rios to void their corrections.
If that doesn’t stop the Rios, then I will make irrelevant and illogical demands, like “If you don’t predict how long it will take China’s housing market to decrease by x%, then you can’t possibly be right”.
And if my annoyed co-commentator is female (a Ria), then I will say the word “uterus”. That ought to shush her good.
For I am a lawyer. Lawyers fight until they are no longer paid to do so.
And you’re a bad lawyer, too, because you just got so flustered that you admitted you get paid for doing this.
“For I am a lawyer. Lawyers fight until they are no longer paid to do so.”
LOL. You fight because you are paid to. You are a paid shill. The whole board sees through you.
The Environmental Corruption Agency by Michelle Malkin
“Just last week, Mark Levin and his vigilant Landmark Legal Foundation went to court to ask federal district judge Royce Lamberth to sanction the EPA “for destroying or failing to preserve emails and text messages that may have helped document suspected agency efforts to influence the 2012 presidential election.” The motion is part of a larger Freedom of Information Act (FOIA) lawsuit to force EPA to release emails and related records from former EPA Administrator Lisa Jackson and others “who may have delayed the release dates for hot-button environmental regulations until after the Nov. 6, 2012, presidential election.”
http://www.realclearpolitics.com/articles/2014/08/01/the_environmental_corruption_agency_123527.html
It’s maddening. Governmental agencies working in association with a certain political party in order to improve their election probabilities.
If this were a Republican hiding/losing/destroying evidence it would be a front-page news item every freaking day for the rest of this election cycle.
“If this were a Republican hiding/losing/destroying evidence it would be a front-page news item every freaking day for the rest of this election cycle.”
Are you kidding? This is not a partisan issue, it’s the total corruption of the government no matter which party we are talking about. They both do it.
They both do it? That is the best you have. Actually, since when a Republican conservative does it, it ends up on the front page of the NYT for a month, they actually are cleaner than the liberals.
More partisan blather from Scarecrow.
Yes, there are two political parties in the United States - Republicans and liberals.
If I am a liberal Republican, must my head explode?
“When the housing correction proceeds without interference and housing bottoms, it will be time to buy. Until then, the losses associated with buying a house at current prices are tremendous.”
Indeed. Housing prices have a long way to fall before they bottom.
Deflation is your wallets best friend. Your best friend is gonna stick around a while.
Until inflation hits and then your rents are going to go sky high.
In the meantime rental rates continue to fall and excess housing inventory grows.
RENTAL RATES FALLING IS BS.
you got in over your head didnt you?
Its reality my friend. Rental rates are falling right here in Manhattan.
I haven’t seen falling rents, unless you refer to 1-2% in an average that includes fluctuations in location within a metro area, first-year incentives, or condition of the unit. At best, I’ve seen rents not go up — at least until a new owner comes in. And rents never bubbled. They followed the inflation line right through the housing price bubble.
The new inventory coming online does not automatically mean that prices will drop qua supply and demand. At least in DC, new units are Grade-A shinies on expensive land either in the city or on top of Metro stations in the inner burbs. Why drop the rent? Lower rents will just let in the riff-raff, and will not bring in enough revenue to pay the build-price of the shinies anyway. If a building is going to go BK, it’s better to keep the units empty and untrashed in order to retain the value of the Luxury label when it’s time to fire sell.
And falling in DC too.
Rental rates in the DC area have been falling for at least a couple years. Things are different in Oxyville probably.
Skye, it’s very difficult to measure average rental increases or decreases because of the second-year jump. Yes, it looks like a same-unit decerase in rents if an LL drops the rent to attract a new tenant. But then they jack the rent way up in the second year to make up for the low rent the first year. The only way to keep rent low is to move every year, and they know that people simply can’t take that kind of hassle.
Goon, remember that program where LL’s get to see what tenants are paying in other complexes? Does that track only the advertised rent, or does it include rents from third- or fourth-year tenants?
My contracting gig as a property accountant at Archstone was not long as I left there for permanent employment. As far as I know, they only used this to track current asking rents of comparable rentals:
http://www.mrisoftware.com/
Donk,
At this point, given your probablys, maybes, likelys and other non-quantifying guessing, it doesn’t make any sense for you to continue.
We all are still waiting for you to disclose what you paid price per square foot.
In the meantime rental rates continue to fall and excess housing inventory grows.
“Rental rates continue to fall”—can you point to any data to support this claim?
My impression is that I would be unable to find a similar rental at my current rent, and that rents are increasing rather than decreasing, at least in my market.
Rental rates in the Sacramento foothills are not going down. They are increasing about 1-2% a year.
Falling in Sacramento too J._Fraud.
I’ve been hearing about this coming inflation for well over 5 years. When is it coming? And why hasn’t it happened in an era of zero interest rates? With rate hikes looming, why would inflation all of a sudden ramp up? What you are saying makes no sense.
Whoa whoa whoa, you’re saying there’s wage inflation going on that’ll lead to rent inflation?
Don’t incomes have to stop declining first, before they start increasing?
“Don’t incomes have to stop declining first, before they start increasing?”
That’s just class warfare and the politics of envy.
Now go spin your hamster wheel faster and hope a few crumbs fall off the table of the 0.1%, silly peasant!
Do you think the Fed won’t do all they can to use the virtual printing press to offset deflationary forces, or rather that their efforts will ultimately fail?
Exactly.
Start up the machine that magically adds zeros to the Fed’s account. Billions of dollars are being “created” monthly.
See my post below, money creation went parabolic when Obama took office and has not slowed down despite the winding down of the latest QE program.
“If you bought a house 1998 to current, you’ve got rocks in your head.”
… and a millstone around your neck.
http://www.forbes.com/sites/zillow/2013/01/30/what-can-you-rent-for-700-a-month/#
Yup. Definitely.
The question remains. Why buy it when you can rent it for half the monthly cost?
you will always be a broke renter.
Rememer….. rental rates and housing prices are falling.
Bill is right about rents being cheaper than buying in CA. At least in San Diego. The $750 studio rent in the Forbes article is a steal compared to the prices for similar condos in the same neighborhood.
However, I think the Forbes article got the picture wrong. The photo sppears to be from complex way inland, not on the water. The rent is still $750. $750 on the water is probably an anomaly.
Probably, maybe, likely. …… you’re full of yourself Donk.
That SD apartment is in National City, highly industrial area. Not a terribly desirable area. The water front is pretty inaccessible and everything better be locked up.
“…and everything better be locked up.”
+1 Or bolted to the ground; California ‘ya know.
I pay $1350 in OC. Average price in my zip is above $600k. And that also goes for my immediate nabe, within a quarter mile.
Good grief what would I do with a 1,430 square foot house anyway? Fill it up with stuff I don’t need, like everyone else does, and gets behind economically.
Australian Regulators Watch as Debt Drives Up Prices: Mortgages
By Nichola Saminather Jul 28, 2014 (bloomibergi)
“Central banks from Scandinavia to the U.K. to New Zealand are sounding the alarm about soaring mortgage debt and trying to curb risky lending. In Australia, where borrowing is surging, regulators are just watching.
Australian household debt is at a 25-year high, …. The average mortgage is at least four times household income in almost 80 percent of the country…
The interest rate cuts and subsequent home price gains have helped building approvals climb 14 percent in May from a year earlier, according to the Australian Bureau of Statistics.
Australians owed almost 1.8 times their 2013 pretax disposable incomes, higher than Canada, France, Germany, Italy, Japan, U.K. and the U.S., the statistics bureau said in a report last month. “
The wealth building through debt crowd drives prices up where ever they go, until the Ponzi ends.
“In an apparent attempt to avoid hysteria,”
(For the time being)
U.S. HEALTH AUTHORITIES CONCEALING NUMBER OF SUSPECTED EBOLA VICTIMS FROM PUBLIC
CNN’s Dr. Sanjay Gupta: At least 6 tested for Ebola in NYC
by PAUL JOSEPH WATSON | AUGUST 5, 2014
In an apparent attempt to avoid hysteria, U.S. health authorities are withholding details about a number of suspected Ebola victims from the public.
During a segment concerning the admission of a potential Ebola victim at Mount Sinai Hospital in New York City, CNN’s Dr. Sanjay Gupta revealed that there have been at least six cases at the hospital which prompted doctors to test for Ebola but that the details were not divulged publicly.
“There have been about a half a dozen patients who have had their blood tested because of concern, those particular patients their stories were not made public,” said Gupta, adding, “I’m not sure if that’s because of heightened concern by the hospital or what that means exactly.”
Gupta also appeared to suggest that patients being tested for the Ebola virus were not being kept in isolation when he stated, “This isn’t the kind of thing that they worry about spreading to other patients in the hospital, spreading to people who are walking around the hospital. This is not an airborne virus.”
However, at least in the case of the patient who was made public yesterday, hospital officials said the individual was immediately put into isolation as a precaution.
As we reported yesterday, despite health authorities downplaying the likelihood of Ebola going airborne, studies by Canadian scientists suggest that this is in fact likely, at least to a limited degree.
The Public Health Agency of Canada’s official website also states that “airborne spread among humans is strongly suspected, although it has not yet been conclusively demonstrated.”
The CDC has urged airline staff to take steps to prevent the airborne spread of the virus, including giving suspected Ebola victims surgical masks as well as directing staff to “not use compressed air, which might spread infectious material through the air.”
“What is bush meat? It varies. It can be a chimpanzee, gorilla or monkey. It could also be a rat, deer or fruit bat. The animals come from the wild and are captured and sold for sustenance where other sources of protein from domesticated animals are scarce or prohibitively expensive.”
http://www.washingtonpost.com/news/morning-mix/wp/2014/08/05/why-west-africans-keep-hunting-and-eating-bush-meat-despite-ebola-concerns/
““This isn’t the kind of thing that they worry about spreading to other patients in the hospital, spreading to people who are walking around the hospital. This is not an airborne virus.””
Interesting. 2012 anyone?
http://www.the-scientist.com/?articles.view/articleNo/33277/title/Ebola-from-Pigs-to-Monkeys/
Ebola from Pigs to Monkeys
Rick Santorum warned us this would happen.
What next? Dogs n mules?
Yes, viruses move among different species, and they affect different species in different ways. Some species are carriers, while others are the ones who just get sick and die. At any moment, a virus in an animal could mutate into something that infects and kills millions of humans. This is most likely to occur in animals that humans keep crowded together closely on ranches. It might also occur in wild animals with relatively high populations that humans eat raw without washing their hands, including the intenstines and brains.
They have made movies about this possibly happening.
Ebola does not have the characteristics to qualify for this type of thing. This type of thing also hasn’t happened to white people since we became civilized.
“African countries including Kenya to Malawi are spending hundreds of millions of dollars to improve sanitation and build processing centers for waste. That kind of infrastructure investment is a focus of this week’s US-Africa Leaders Summit in Washington attended by US President Barack Obama and more than 40 African leaders.”
http://www.bloomberg.com/news/2014-08-05/feces-clogged-shore-shows-africa-infrastructure-failings.html
I noticed my dogs nose was especially cold and wet this morning when he came to tell me it was time ##or his walk.
Quarantine!
The executive order says “person to person” so as long as your dog has not been chewing on any fruit bats he should be good.
“Obama just signed an executive order that gives him the power to apprehend and detain Americans that show symptoms of “diseases that are associated with fever and signs and symptoms of pneumonia or other respiratory illness, are capable of being transmitted from person to person, and that either are causing, or have the potential to cause, a pandemic, or, upon infection, are highly likely to cause mortality or serious morbidity if not properly controlled.”
apprehend and detain Americans
Just Americans? So the illegals run around free?
You can’t say that; it’s racis. They are citizens of the world.
Manhattan Rental Rates Fall 6 Months Straight
http://www.bloomberg.com/news/2014-03-13/manhattan-apartment-tenants-get-relief-as-rents-decline.html
Why buy it when rental rates and housing prices are falling?
Deflation is your wallets best friend.
“There is no cure for Ebola. But don’t tell that to traders. Shares of a Vancouver-based company working on a drug to treat the infectious disease surged nearly 40% last week.
WHAT WILL YOU DO IF THEY MAKE IT MAATORY FOR ALL AMERICANS TO TAKE AN EBOLA VACCINE?
Growing outcry for the scientific community to “do something” about this deadly virus
by MICHAEL SNYDER | AMERICAN DREAM | AUGUST 5, 2014
As the Ebola death toll rises and as images of bodies being abandoned in the streets of Liberia are broadcast around the globe, there has been a growing outcry for the scientific community to “do something” about this deadly virus. And as luck would have it, there is an “experimental Ebola vaccine” that is ready to be tested on humans next month. If Ebola starts to spread outside of Africa, and especially if it starts spreading inside the United States, people will be absolutely clamoring to get this vaccine. But will it be safe? And there will certainly be millions of people that do not want to take this vaccine under any circumstances. If the outbreak gets bad enough, will it be made mandatory at some point? If they do make it mandatory for all Americans to take an Ebola vaccine, what will you do?
Up until now, there has never been a vaccine for Ebola. But as Dr. Anthony Fauci of the National Instutites of Health recently told “CBS This Morning”, that could soon change…
They say that if this vaccine is approved, it could potentially be available to the public at some point in 2015.
If a full-blown Ebola epidemic is raging by that time, the demand will be overwhelming. But many people will not be satisfied to just get the vaccine themselves. They will want everyone living around them in their communities to get vaccinated as well for the sake of “herd immunity”. They will argue that those that refuse to get the Ebola vaccine are endangering public health.
So could politicians make the Ebola vaccine mandatory for all Americans at some point? According to a paper by Jared P. Cole and Kathleen S. Swendiman, many states already have laws that allow for mandatory vaccinations “during a public health emergency”…
Many states also have laws providing for mandatory vaccinations during a public health emergency or outbreak of a communicable disease. Generally, the power to order such actions rests with the governor of the state or with a state health officer. For example, a governor may have the power to supplement the state’s existing compulsory vaccination programs and institute additional programs in the event of a civil defense emergency period. Or, a state health officer may, upon declaration of a public health emergency, order an individual to be vaccinated “for communicable diseases that have significant morbidity or mortality and present a severe danger to public health.” In addition, exemptions may be provided for medical reasons or where objections are based on religion or conscience. However, if a person refuses to be vaccinated, he or she may be quarantined during the public health emergency giving rise to the vaccination order. State statutes may also provide additional authority to permit specified groups of persons to be trained to administer vaccines during an emergency in the event insufficient health care professionals are available for vaccine administration.
But what about on the national level?
Well, it has never been done before, but that doesn’t mean that the Obama administration would not try. Barack Obama seems to believe that the power of the presidency is virtually endless, and we have already seen him sign a series of very frightening executive orders. In fact, as I noted the other day, Obama just signed an executive order that gives him the power to apprehend and detain Americans that show symptoms of “diseases that are associated with fever and signs and symptoms of pneumonia or other respiratory illness, are capable of being transmitted from person to person, and that either are causing, or have the potential to cause, a pandemic, or, upon infection, are highly likely to cause mortality or serious morbidity if not properly controlled.”
It wouldn’t seem like it would be too much more of a stretch for him to sign an executive order requiring the vaccination of all Americans in the event of a major Ebola outbreak. And if we were in the middle of a full-blown pandemic where millions of Americans were dying, a large chunk of the population would definitely support such a move.
In addition to the Ebola vaccine that is being developed, it also conveniently turns out that there are several experimental Ebola drugs in the works as well. For example, it is being reported that the two American health workers that contracted Ebola while working in Africa have had their lives saved by one of these experimental drugs…
Two American missionary workers infected with the deadly Ebola virus were given an experimental drug that seems to have saved their lives.
Dr. Kent Brantly was given the medication, ZMapp, shortly after telling his doctors he thought he would die, according to a source familiar with his case. Within an hour, doctors say his symptoms — labored breathing and a widespread rash — dramatically improved. Nancy Writebol, another missionary working with Samaritan’s Purse, received two doses of the medication and has also shown significant improvement, sources say.
Needless to say, the company that makes this experimental drug (Mapp Biopharmaceutical Inc.) stands to make a giant pile of money by the time this crisis is over.
And another drug company called Tekmira Pharmaceuticals is also getting a lot of attention right now. According to CNN, shares of Tekmira Pharmaceuticals soared 40 percent last week alone…
There is no cure for Ebola. But don’t tell that to traders. Shares of a Vancouver-based company working on a drug to treat the infectious disease surged nearly 40% last week.
Tekmira Pharmaceuticals popped on much higher trading volume than usual because investors are hopeful that health agencies in the United States might approve its drug, known as TKM-Ebola.
If Ebola does indeed turn out to be a horrific global health crisis, there will be opportunities for certain companies to make billions upon billions of dollars.
But how will we know that an Ebola vaccine or an Ebola drug is safe? There have been dozens upon dozens of examples of pharmaceutical drugs that were approved by the government that later turned out to be incredibly harmful.
Sadly, most people don’t stop to think about those examples. They just continue to have blind faith in the drug companies. And if Ebola does start spreading rapidly in this country, there will be millions of Americans that are begging for whatever “solutions” the drug companies come up with.
The most transparent administration in history
http://www.infowars.com/u-s-health-authorities-concealing-number-of-suspected-ebola-victims-from-public/
Vaccines have to be approved by FDA before they can be mandated by anyone. The two American doctors did not receive a vaccine. They received an antidote.
The American doctor received an experimental serum that seem to prove very effective in reducing his symptoms. That is why he was able to walk off the plane.
I would be more worried about a 35 years old Dreamer from Guatemala with drug resistant tuberculosis sitting next to your 9th grade daughter than I would be about Ebola.
“TB is the 3rd leading cause of death for women ages 15-44 in low and middle income countries.”
“All age groups are at risk, though TB primarily affects young adults. About 80% of those crossing our southern borders in this latest wave are in this age group.”
——————————————————————————
Adult Illegal Immigrants Posing as Children To Enroll in High School …
http://www.nationalreview.com/…mmigrants-posing-children-enroll-high-school-ryan-lovelace - 87k - Cached - Similar pages
Jul 11, 2014
——————————————————————————–
MONDAY, JULY 14, 2014
TUBERCULOSIS (TB): ILLEGAL IMMIGRANTS BRING SERIOUS NEW THREATS
JpegBy Elizabeth Lee Vliet, M.D. -
Seventy-five percent of current illegal immigrants are coming from countries in Central America, South America, the Middle East, West Africa, China, India, Pakistan and others far beyond Mexico where multi-drug resistant tuberculosis (MDR-TB) is common and extremely widespread in children and adults. Extensively Drug Resistant TB (XDR-TB) is an even more serious form of TB accounting for about 10% of cases in these countries, particularly Central/South America and India. Many illegal border crossers now flooding the U.S. southern border, are carrying an invisible, disease-causing co-traveler: the Mycobacterium tuberculosis bacterium.
MDR-TB does not respond well to treatment, even with complicated and expensive medications that must be taken over a two-year period and can cause severe adverse drug reactions. XDR-TB doesn’t respond well even to second-line drugs and therefore is more likely to cause death.
Tuberculosis, or “consumption” as it was called in the past, is a highly contagious disease that killed millions before being essentially eradicated in the U.S. In the 1920s, TB was the 8th leading cause of death in children 1-4 years old. By the 1960s, with improved sanitation, medical care, and antibiotics, TB was drastically reduced. The last remaining TB hospital in the U.S. recently closed its doors.
In Central and South America, where public health programs are limited and antibiotics are not widely available, TB is a widespread, debilitating, and deadly disease. Consider data from World Health Organization, WHO:
TB is second only to HIV/AIDS as the greatest killer worldwide due to a single infectious agent.
In 2012 alone, 15% of the reported 8.6 million cases resulted in death.
HIV/AID and TB are a lethal combination, each disease accelerating the progression of the other. People with HIV/AIDS who are exposed to TB are 30 times more likely to develop the disease, with a death rate of over 20% or 1 in 5.
TB is the 3rd leading cause of death for women ages 15-44 in low and middle income countries.
All age groups are at risk, though TB primarily affects young adults. About 80% of those crossing our southern borders in this latest wave are in this age group.
Hardest hit are people those with compromised immune systems: HIV/AIDS, cancer, and elderly patients.
TB is spread when infected people cough or sneeze. People can inhale the bacteria-laden droplets in the air. In the crowded, hot, humid detention centers, conditions are perfect for the spread of TB—as well as dengue fever, Chagas, Ebola, chicken pox, measles, mumps, whooping cough, scabies, and lice.
After exposure to TB, the incubation period can range from 2 to 12 weeks after a positive TB skin test. Long before this incubation period is over, illegal immigrants are being shipped to communities throughout the United States, risking major spread. BCG is the vaccine for TB, but it has limited effectiveness and also destroys the usefulness of the skin test.
Symptoms of TB include fever, loss of appetite, weight loss, weakness, fatigue, and constant coughing, sneezing and spitting up blood, along with marked chest pain. If not properly treated with antibiotics, people die of loss of oxygen (asphyxiation) due to the bacteria’s massive destruction of the lungs.
Border Patrol agents have already tested positive for TB. Breitbart reported on July 8 that a previously deported illegal from Guatemala with active TB infection was admitted to UMC El Paso Hospital. Cases of TB have been identified in the illegal immigrant camps in San Antonio, Austin, and El Paso, Texas, but we do not have information released on the situation for Arizona with the planeloads of illegal immigrants being shipped to Arizona from Texas.
The Department of Health and Human Services (HHS) has downplayed the risks, but anonymous nurses and doctors from Lackland AFB have come forward to say that the government is covering up a serious public health threat. One health care worker was quoted saying: “The amount of tuberculosis is astonishing. The nurses are telling us the kids are really sick.”
Normally the CDC would be providing warnings and preventive steps for the public to take. This time, however, the CDC has been strangely silent. In fact, medical staff at detention centers have been threatened with criminal prosecution if they report these cases to the public or press.
This suppression of critical medical information is egregious negligence putting millions of Americans at serious risk. Americans need to demand that Congress and public officials provide answers and appropriate steps to control the spread of disease before thousands of Americans die.
Dr. Vliet is a past Director of the Association of American Physicians and Surgeons (AAPS). She received her M.D. degree and internship in Internal Medicine at Eastern Virginia Medical School, and completed specialty training at Johns Hopkins Hospital. She earned her B.S. and Master’s degrees from the College of William and Mary in Virginia.
illinoisreview.typepad.com/…s-tb-illegal-immigrants-bring-serious-new-threats.html - 52k -
This is the “fundamental transformation” that you were promised.
And if any of you parents have a problem with your 14 year old daughter dating a 20 year old Central American freshman student at her high school, you are a racist.
Sorry hoss. My kids go to private school. Yet one more reason to insulate them from the institutionalized hell that is public school…
Your own governor of Massachusetts recently compared the “humanitarian crisis” at our southern border with the Holocaust.
You should open your own home to a dozen of these 19 to 25 year old “children” crossing the border, you could be the next Oskar Schindler!
Look on the bright side. If all of the MS-13 members have TB, they’ll be too sick to cause any trouble.
Competition brewing for Apple:
http://money.cnn.com/2014/08/04/technology/xiaomi-china/index.html?section=money_news_international
Which bubble do you expect to pop next?
One bubble may not be about to pop — but another seems to be
August 5, 2014, 6:09 AM ET
The equity bubble has held strong atop the freakout list ever since the market showed us last week that stocks can still go down. And, really, long before that. There’s another bubble that appears to be much closer to getting pin-pricked.
Junk bonds. Like a Gatorade shower wake-up call. Except nobody seems to be celebrating. Or, seeing as we’re talking fixed income, paying them nearly as much attention relative to the stock market. They will, though. If this keeps up.
Chris Hunter, editorial director at Bonner & Partners, says investors are “hitting the panic button.” That’s hard to deny, considering the performance of the iShares iBoxx High Yield Corporate Bond. As of Friday’s close, the ETF is down 3% from its recent peak, moving below its 50-day moving average.
There’s clearly a risk-off movement afoot that goes well beyond allocation shifts in equity portfolios. Investors yanked more than $5 billion in July from junk-bond funds, according to Lipper. That picked up steam last week.
“This crowded trade now seems to be reversing,” Hunter said. “And yet another Fed-induced asset bubble looks set to go pop.”
…
Rand Paul says he never proposed ending aid to Israel — even though he did
Paul proposed a budget in 2011 to cut off aid to all foreign nations.
By Chris Moody, Yahoo News
Kentucky Sen. Rand Paul on Monday denied that he once supported ending federal aid to Israel — an idea he proposed as recently as 2011.
“I haven’t really proposed that in the past,” Paul told Yahoo News when asked if he still thought the U.S. should phase out aid to Israel, which has been battling Hamas in Gaza for weeks. “We’ve never had a legislative proposal to do that. You can mistake my position, but then I’ll answer the question. That has not been a position — a legislative position — we have introduced to phase out or get rid of Israel’s aid. That’s the answer to that question. Israel has always been a strong ally of ours and I appreciate that. I voted just this week to give money — more money — to the Iron Dome, so don’t mischaracterize my position on Israel.”
Paul, who was in Omaha campaigning for Nebraska Senate candidate Ben Sasse before a three-day tour of neighboring Iowa, may not like it when reporters bring up his proposal from three years ago to end all U.S. foreign aid — including to Israel. But that was in fact his position.
In 2011, the newly elected Paul proposed a budget that would have cut $500 billion from the federal budget in part by cutting off foreign aid to all countries, including financial grants to Israel. The United States provides about $3 billion to Israel annually, and last week the Senate approved $225 million to help support Israel’s Iron Dome technology, which blocks rocket fire from Gaza. (Paul supported the measure.)
Paul, in his first months in office, however, defended phasing out aid by saying that the U.S. could no longer afford to give cash to other countries.
“I’m not singling out Israel. I support Israel. I want to be known as a friend of Israel, but not with money you don’t have,” Paul said in 2011 during an interview with ABC News. “We can’t just borrow from our kids’ future and give it to countries, even if they are our friends.”
He even pointed to Israel as an example of a nation that doesn’t need foreign aid because of its own wealth.
“I think they’re an important ally, but I also think that their per capita income is greater than probably three-fourths of the rest of the world,” Paul said, also in 2011. “Should we be giving free money or welfare to a wealthy nation? I don’t think so.”
Paul, a possible 2016 presidential contender whom some in the GOP regard as insufficiently pro-Israel, has recently changed his tune on foreign aid to the Jewish state. His budget proposals since 2001 have included aid to Israel.
It’s one thing for a politician to admit that his views have changed on an issue and an entirely other thing to say that he never held the position at all
http://news.yahoo.com/rand-paul-says-he-never-proposed-ending-aid-to-israel–even-though-he-did-193355206.html
“insufficiently pro-Israel”
Sheldon Adelson will purchase a nominee who is sufficiently pro-Israel, don’t worry.
With all the furious backpedaling, he must be very physically fit.
Nothing wrong with cutting off aid to all foreign nations, charity begins at home.
Why did Israel bomb the Liberty?
http://en.wikipedia.org/wiki/USS_Liberty_incident
I’m headed to the market to pick up some grass fed mountain oysters.
Got the munchies after smoking some Kushberry for breakfast today?
I’m just happy I don’t have a lifetime diet of Donkey Donuts filled with Junkie Jelly.
S H Y S T E R
I enrage you.
I enrage the entire left of this blog. That is even better.
Have at it…. now How far underwater are you Adan…. tell the truth.
I am not underwater but thanks for asking. However, that is because I live in flyover bought a small inexpensive house and pocketed the $8000 dollars and negotiated so hard with the builder that he threaten to take out first all the appliances and then the cheap GE washer and dryer. I said fine and was prepared to walk when he caved and reduced the price by around $8000 since I argued after the credit expired the house would fall by that much . If not for that fact, I would have gone underwater but I never did. I have benefitted from the tax breaks since my charitable contributions were high enough even before buying to itemize. All the interest on the house has been a new deduction.
mmmmmmm….. yer underwater.
I WILL CONTRIBUTE TO A POT TO P@SS IN FOR U
underwater
“mmmmmmm….. yer underwater.”
Oh well…sounds like it is just by a few grand, instead of hundreds of thousands like many in California.
Reviews of the Kushberry:
http://www.leafly.com/indica/kushberry
Willy Wonka: “Try some more. The strawberries taste like strawberries, and the snozzberries taste like snozzberries.”
Veruca Salt: “Snozzberries? Who ever heard of a snozzberry?”
Willy Wonka: “We are the music makers … and we are the dreamers of dreams”
and btw, they’re called rocky mountain oysters.
which can be sampled, along with some of our other local bush meat here:
http://thefort.com/appetizers/
and recommend the ‘mountain man sausage platter’ for lola and j-j-j-joe.
Lola and Joe will be too stuffed with Rocky Mountain oysters to eat that.
But are they grass fed?
In Colorado that has two meetings. However, I understand Joe’s concern. You are what you eat. That is why Lola is nuts, too many Rocky Mountain Oysters.
meeting=meanings, keep count Oxide and Goon.
meetings = meanings.
(See, I saved you one in the post count.
)
Darnit! You got there first!
Usually do.
Oxide, cannot seem to post above but I do not include you in the room temperature comment.
Scarecrow suckup.
I acknowledge intelligence when I see it. Don’t worry you are in no danger of receiving a positive post from me.
HEE-HAW!
http://calwatchdog.com/2014/08/05/video-peter-schiff-on-economic-collapse/
Hey Goon another month of data just came out and it shows another month of no global warming since the late 90s, according to the satellite data. Don’t worry Obama’s NASA will release the data complied by Mugabe and company that will show warming so they can receive a check based on ground based measurements.
http://www.drroyspencer.com/
Follow the money.
Higher taxes are the most efficient and simple way of dealing with climate change.
IMF calls for higher taxes on ‘dirty’ fuels, to fight climate change
By Sophie Vorrath on 1 August 2014
Almost two weeks after the Abbott government won its battle to dump Australia’s carbon tax, the International Monetary Fund has released a report calling on governments to introduce higher taxes on heavy polluting energy sources, as the most efficient and simple way of dealing with climate change.
In a publication titled Promoting Responsible Energy Pricing, the IMF has laid out its views on appropriate taxes on coal, natural gas, gasoline and diesel in 156 countries to factor in the fuels’ overall costs, which include carbon dioxide emissions, air pollution, congestion and traffic accidents.
In short, it believes that energy taxes in much of the world remain far below what they should be to reflect the harmful environmental and health impact of fossil fuels use, and it provides a practical methodology – alas, too late for Australia’s purposes – providing actionable guidance to policymakers on “pricing it right”.
At the book’s launch in Washington, IMF managing director Christine Lagarde said countries should not have to wait for global agreement on climate policies, and instead should move ahead in adjusting energy prices on their own.
In a speech that might have been directed solely at Tony Abbott, Lagarde said that carefully targeting the source of environmental harm was critical.
“This means, for example, making sure that charges on different fuels are proportional to emissions from those fuels. That way, we get the relative prices of dirty, intermediate, and clean fuels right – and environmental damage is properly factored into energy prices,” she said.
reneweconomy.com.au/…for-higher-taxes-on-dirty-fuels-to-fight-climate-change-48990 - 54k -
As soon as Lola makes bail, I am sure he will post:
http://www.washingtontimes.com/news/2014/aug/4/prosecutors-fake-cabbie-dressed-wig-padded-breasts/
The first name is Tanzanian. I never knew that about Lola, no wonder he likes the Kenyan president so much.
From same Spencer site how the AGW calculates world temperatures:
where:
T = official government-reported global average temperature trend (deg. C/decade)
s = scale factor to allow easy adjustment of consensus temperature trends based upon prevailing opinion (dimensionless)
L = the number of liberal politicians in power
D = the dollars in government climate research funding per liberal politician
H = the number of hockey sticks created per research dollar spent (or maybe you could substitute mythical polar bear deaths or hidden temperature declines or number of climate models)
W = the rate of warming per hockey stick
Just an observation: The super rich seem to be doing extremely well under the Obama administration. The middle class is getting crushed, and as it evaporates, you may see .00001% escape to the rich side, the rest will wither into poverty.
The current poor in this country have no idea how good they’ve had it compared to poor in the rest of the world. But that is changing right before our eyes, we are importing REAL poverty, third world poverty. Those imports will be competing for the finite moneys designated for social services at the local, state and federal levels.
It’s going to get ugly.
#FundamentalTransformationOfAmerica
Very true. Unskilled labor will be paid at the same level as it is in rest of the world soon, a day’s wages will buy someone rice and beans and little else.
don’t be such a debbie downer about america’s future.
just download the i-phone app for drug-resistant tuberculosis.
Breaking news, Drudge link another Snowden?:
http://www.cnn.com/2014/08/05/politics/u-s-new-leaker/index.html
Glenn Greenwald deserves a Pulitzer for being the only one brave enough to report this.
Have you noticed that the extremely rich have been doing exponentially better ever since the late 1970s?
File this under - you just can’t make this s**t up.
Read on peeps.
Happy Day to you from the hell hole called s**tcago ILLANNOY!!!
http://www.breitbart.com/Breitbart-London/2014/08/05/East-London-hippies-throw-a-hissy-fit-because-they-got-exactly-what-they-asked-for
What recovery? Poverty moves to suburbs
By: John W. Schoen
Monday, 4 Aug 2014 | 1:24 PM ET
Among metro areas hit hardest by the Great Recession, suburban neighborhoods have seen some of the greatest increases in poverty.
» Read More
http://www.cnbc.com/id/101892537 - 98k -
Goon, here’s an argument against the supermajority prediction:
Reps. Coffman, Gardner buck party on immigration
DENVER - Colorado Republican Representatives Mike Coffman and Cory Gardner both voted Friday to maintain a measure created by President Barack Obama granting work permits to immigrants brought here illegally as kids.
The two Congressman - both seeking re-election in a state with a large Hispanic population - went against party leadership in the House.
The measure was a companion bill to legislation passed by the House late Friday to address the crisis on the U.S.-Mexico border by sending migrant youths back home without hearings.
The spending bill passed 223-189 late Friday, with only four Republicans voting “no” and one Democrat voting “yes.” The measure ending Obama’s deportation relief program passed 216-192, with Coffman and Gardner joining nine other Republicans in voting “no.” Four Democrats crossed party lines to vote in favor of the bill.
In a statement released to the media Friday, Coffman urged both parties to work together on the immigration issue:
While I oppose unilateral action and executive overreach by the President, I am voting no because I think the Congress missed an opportunity to pass DACA into law. Kids who grew up here, know of no other country, and were brought here through no fault of their own, deserve our compassion and an opportunity to earn a path to citizenship. I urge both parties to work together and find a path down the middle to fix our broken immigration system.
Democratic challenger Andrew Romanoff released the following statement:
We’re glad to see Congressman Coffman follow Andrew Romanoff’s lead. It’s a shame that it took a strong opponent and a tough election to get the congressman to reverse his votes for the moment and suspend his attack on DACA. If Mr. Coffman means what he now says, we urge him to join Andrew in calling for urgent action to pass comprehensive immigration reform.
http://www.9news.com/story/news/politics/2014/08/01/reps-coffman-gardner-buck-party-on-immigration/13498889/
How are two Republicans becoming gutless and argument against the permanent majority? McCain would be president if the Hispanic vote could be gained by supporting open borders.
Goon’s argument is that the Democrats will soon have permanent supermajority, partially due to the growth of the Hispanic electorate. If Republicans in Congress change their stance on immigration, they could get some Hispanic votes and deny the Democrats their supermajority. The projected rapid growth of Hispanic voters could make this sort of thing more common.
That makes no sense. Goon is not wrong that a higher Hispanic population will mean more Democratic votes. However, by limiting immigration and seeking support of the Hispanics that are not on welfare, the Republicans can minimize the damage. Letting more immigration from unskilled low IQ groups is suicide for the country and the party.
At certain point whether the split is 70-30 or 60-40 is irrelevant, if that group makes up too large of a percentage of the population. Of course, when the PTB have the North American Union they want, there probably will not be a democracy anyway. There will be a dictatorship of a few white and Northern Asians belonging to the .01 percent group.
That makes no sense. Goon is not wrong that a higher Hispanic population will mean more Democratic votes. However, by limiting immigration and seeking support of the Hispanics that are not on welfare, the Republicans can minimize the damage. Letting more immigration from unskilled low IQ groups is suicide for the country and the party.
There are probably no polls that ask people whether they’re on welfare, but it’s probably reasonable to assume that Congressional Republican attitudes regarding immigration are very unpopular among all Hispanic voters.
A separate article that I read in the NY Times said that Cory Gardner is in a very close race for the Senate and probably felt that he could not afford to antagonize a large portion of his state’s population.
Another way to look at this is that there’s a flaw in the permanent Democratic supermajority theory. It assumes that the Republicans would allow themselves to become a permanent minority. If the choice is between never having a majority in Congress again or folding in amnesty, they might choose the latter.
Obama is in real trouble on immigration and the left would like the right to throw them a lifeline. Sorry I do not think they are that stupid:
http://www.washingtonpost.com/blogs/the-fix/wp/2014/08/05/obama-might-allow-millions-of-illegal-immigrants-to-stay-it-would-be-a-huge-gamble/
How is two Republicans becoming gutless an argument against the permanent majority? Republicans should always be against open borders for the good of the country and their party.
As MacBeth predicted, Colorado = the next California
But TABOR may slow our transition to becoming Taxifornia
https://en.m.wikipedia.org/wiki/TABOR
Obama’s invasion of illegal “youth” has backfired in a major league way, excerpt from WAPO:
As we noted last week, immigration has emerged as Obama’s worst issue. Supporters of immigration reform would argue that this is because Congress hasn’t done anything, and people blame Obama in part. That’s fair.
But anytime a politician goes out on a political limb, he or she would prefer to do it on something where the American people are inclined to give him or her the benefit of the doubt. That’s not necessarily the case with immigration, given 68 percent of Americans in a CNN/ORC poll disapproved of Obama on this issue.
Your tax dollars going down a rat hole. Even the World Bank funds are heavily U.S. funds:
http://news.yahoo.com/obama-announces-33b-commitments-africa-194459598–finance.html
Your tax dollars going down a rat hole.
Yea! USA helping Africa! Think about it Adan. That Rocks! (sincerely) USA! USA! USA!
Heavily means much more than our share of population in the world.
Not sure if Obama has undone this and increased our share but this is interesting: http://www.washingtonpost.com/wp-dyn/content/article/2007/12/14/AR2007121401844.html
Last post of the night, I am leaving so Rio can “win” the debate by posting after I am gone.
I am leaving so Rio can “win” the debate by posting after I am gone.
Darn. Don’t let the door hit u in the a$$ Adan. I have a few posts on you that have not posted yet but they don’t matter. I had you at “Obama”.
“I was always on your mind…….I was always on your mind…”
Less boring, moar housing, politics, economics, plz
Simon & Garfunkel - The Only Living Boy In New York
http://www.youtube.com/watch?v=hJGSHMgbB0E
“I’ve got nothing to do today but smile”
20/20 - Yellow Pills:
http://www.youtube.com/watch?v=KLH3Vw5e9os
This wasn’t included in the “Fast Times At Ridgemont High” soundtrack or written up in Bret Easton Ellis’ “Less Than Zero”
SUSPECTS IN MURDER OF BORDER PATROL AGENT ARRESTED AND DEPORTED NUMEROUS TIMES
Living in Texas illegally
by JANA WINTER | FOX NEWS | AUGUST 5, 2014
Two illegal immigrants from Mexico who were charged with first-degree murder in the shooting death of an off-duty U.S. Border Patrol agent in front of his family in Texas have been arrested and deported numerous times, police sources told FoxNews.com.
One suspect has been arrested no fewer than four times for entering the U.S. illegally, according to federal court records. The other has been deported twice after entering the U.S. illegally, sources said.
Gustavo Tijerina, 30, and Ismael Hernandez, 40, were arraigned Tuesday afternoon inside the Willacy County jail library. They were ordered held without bail after being charged with capital murder of a peace officer, attempted murder, and a variety of lesser charges.
The pair, who have been living in Texas illegally, confessed after being interviewed multiple times Monday to killing Border Patrol agent Javier Vega Jr. in front of his wife and two kids and his parents Sunday night while they were fishing in Santa Monica, Sheriff Larry Spence told FoxNews.com.
They finally confessed to the robbery and indicated they knew they had killed someone, but did not know it was an off-duty Border Patrol agent, Spence said in an interview in his office Tuesday morning.
Bob Marley - Rastaman Vibration (Positive Vibration)
http://www.youtube.com/watch?v=ws6zCW6zXAM
The U.S. is behind Every Israeli Attack
By Glenn Greenwald
http://www.lewrockwell.com/2014/08/no_author/cash-weapons-spying/
How can you tell a progressive? When they revere the word “democracy.”
https://www.lewrockwell.com/2014/07/andrew-p-napolitano/democracy-is-a-fraud/
Hey DannyBoy, how are those China property sales holding up these days?
Keeeey-rash!!!!!!!!!!!!!!!!!!
RPT-China property developers balk at high prices in government land auctions
Tue Aug 5, 2014 9:33pm EDT
By Clare Jim
Aug 5 (Reuters) - Chinese property developers wary of poor sales amid the country’s industry downturn are giving expensive government land auctions the cold shoulder, with plots in the capital going unsold for the first time since April 2011.
The poor reception highlights the persistent mismatch in price expectations between developers and local governments. Cash-tight developers are seeking lower prices while local authorities are refusing to budge because land sales account for the bulk of their revenues.
On Monday, of the four lots sold by the Beijing government, two went to state-backed Greenland Group at the reserve price. The rest were sold to local developers at lower-than-expected prices.
Last week, of the five Beijing lots put on auction, two that had their reserve price set near the city’s record high received no bids, the first time that has happened in more than three years, according to local media.
China’s real estate industry has been correcting since late last year as the central government take steps to cool the overheated market. Official data show new home prices fell in June from May for a second straight month, with analysts forecasting further declines.
The situation contrasts with that last year when developers were willing to pay whatever it took to secure land. During the peak years in 2009 and 2013, such so-called “land kings” grabbed headlines with their aggressive bids.
Market observers said that as property sales slow and the credit market tightens, many developers, in particular small and medium-sized ones, have little cash to buy land especially in top-tier cities where prices are set with a high premium.
“Are we going to see ‘land kings’ in the second half? Unlikely. There will still be transactions, but it will depend on the location and the reserve price,” said Knight Frank’s head of valuation & consultancy, Thomas Lam.
…
China property developers wary of poor sales
Ryan Huang, Singapore
Tuesday 05 August 2014 19:13
For the first time in more than three years, land plots that went up for auction in Beijing were unsold. This suggests a mismatch between what developers are willing to pay and what local governments want.
Last week, two out of the five lots up for sale by the Beijing government received no bids – the first time since April 2011, according to local media.
This was followed by another relatively disappointing auction on Monday, where two out of the four lots on auction were sold at lower-than-expected prices.
We’re likely to see the relatively muted appetite by property developers continue, as investors get increasingly concerned over a property slump and take a wait-and-see attitude.
Cash tight developers are unlikely to be keen on paying any high premiums and hoping for a property turnaround. Last month, some had resorted to offering buyback guarantees in an effort to attract buyers and possibly to strengthen their cashflow positions.
There have also been developers offering outright discounts or delaying projects to wait out the slump.
More signs of slowdown
HSBC China services PMI for July released yesterday also suggested a slowdown in the sector. The reading came in at 50.0, the lowest in nine years. This suggested a slowdown driven by property-related activity such as agencies and residential services.
According to a survey of 100 Chinese cities by data provider China Real Estate Index System housing prices in China fell in July, its third consecutive month, suggesting a decline may be accelerating,
Average new home prices dropped 0.8% in July from the previous month, picking up the pace from June’s 0.5% month-on-month dip. Prices in May had declined 0.3%, which was the first sequential drop since mid-2012.
We’ll get another glimpse and confirmation of how the sector is faring when we get official statistics for July’s housing prices on August 18, from China’s National Bureau of Statistics.
Heading into the release of this data, we could expect some pressure on the stock prices of Chinese developers as investors get more cautious and hold back their expectations.
…
How many HBB posters besides ABQDan got their azzes handed to them by speculating on Chinese property?
Markets
Investors Stung by Losses After Exiting Struggling Property Fund in China
Stake Bought for $120 Million in 2008 Recently Sold for Less Than $49.8 Million
By Esther Fung
Aug. 5, 2014 6:23 a.m. ET
Investing in real estate in China can be a tricky business. Reuters
SHANGHAI—A group of foreign investors suffered steep losses when it recently exited a Chinese property fund once valued at $1 billion, according to the fund’s adviser, in a cautionary tale for those seeking to profit from China’s real-estate market.
The 31 investors in June sold their 12% combined stake in Trophy Property Development Fund to investment firm Partners Group at a discount, according to Venator Real Estate Capital Partners, which became the fund’s adviser late last year.
Venator didn’t disclose the specifics of the discount, but it appeared to be significant. According to calculations by The Wall Street Journal, Partners Group paid less than $49.8 million for the stake. By contrast, the foreign investors put up a combined $120 million for the stake when the fund opened in early 2008, according to Venator.
The investors included a mix of wealthy individuals and boutique investment firms from Hong Kong, other parts of Asia and Europe, Venator said without releasing further details about their identities.
…
The NAR has nothing on China’s real estate agents when it comes to illegal monopoly pricing.
In fairness to China’s real estate agents, it is a web site listing provider which is charging them monopoly prices.
12:18 pm HKT
Aug 6, 2014
Economy & Business
SouFun No Fun? Chinese Property Agencies Boycott Online Apartment Listings
More than a dozen Chinese property agencies are boycotting the country’s largest real estate internet portal, SouFun Holdings (SFUN -6.53%), for charging what they say are unfair prices for listings on its website.
The protest comes as China’s property agencies, whose roadside storefronts are ubiquitous in Chinese cities, face heightened competition and reduced earnings as real estate prices fall and more potential homebuyers remain on the sidelines.
At a Tuesday press conference in Shanghai, representatives from 13 local property agencies outlined their grievances against SouFun while sitting in a row below a red banner that read: “Calling for honesty, Resist SouFun” in yellow characters.
The 13 agencies said in a press statement that SouFun is unfairly using its market power to raise prices. The property portal, which is listed on the New York Stock Exchange and has listings covering more than 330 Chinese cities, has fostered an atmosphere of “unhealthy competition” among brokerages that disrupts the market, they said.
Over the past five years, the agencies said, SouFun raised the price of its advertising listings from 60 yuan a month to 600 yuan a month. In 2010, Soufun said it had 59% of the market share in China, and agencies said they feel like they’re dealing with a monopoly and are “held hostage” by soaring advertising rates.
…
What has Mr Market down in the dumps these days?
TOP TEN SIGNS THE STOCK MARKET IS ABOUT TO CRASH
1. Everyone stops talking about a crash.
2. All the people who used to talk about a crash have been fired.
3. Your brother-in-law quits his job selling jacuzzis to day-trade stocks full time.
4. James Glassman and Kevin Hassett publish “Dow 36,000: This Time It’s For Real”.
5. Harry Dent publishes “The Roaring 2000s: This Time It’s For Real, Too”.
6. John Stewart lacerates Jim Cramer on The Daily Show for not being bullish enough. Cramer goes on the show to apologize.
7. Prudent Bear mutual fund closes.
8. Britain’s Chancellor of the Exchequer sells off the last of the country’s gold reserves and invests the money in the stock market.
9. Top money managers on Wall Street tell polls that they have never been more bullish.
10. Taxi drivers give you their stock tips on the way to the airport – and you write them down.
You’ve been warned.
phony scandals