Bits Bucket for January 9, 2015
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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SNOW and some cats outside waiting on me for breakfast
Same here. Neighbor got annoyed with me feeding them so I replied; they work, they got a job… why shouldn’t they get paid?
Region VIII
Region VIII news
Look what Nancy Pelosi’s dreamer children brought us from El Salvador
http://www.breitbart.com/big-government/2015/01/08/harsh-respiratory-virus-slamming-colorado/
When I read your description of Pelosi’s dream children all I can think of is the image of the Ghost of Christmas Present in Dicken’s “A Christmas Carol” of the two kids under his robe called Ignorance and Want. That is a haunting image for the future of America’s legal children/citizens me thinks.
Call me racist but if this deluge coming across the Rio Grande is not controlled we will all be ignorant and in want.
Why don’t you just paint them white?
Then you can get back to focusing on “tha blax” as the source of all problems.
http://www.ritholtz.com/blog/2015/01/teixobactin/
Falling oil and stock market futures just a day after the Fed punted on rate hikes, plus a new hostage crisis in Paris…must be Good Luck Friday!
we created 252,000 mcjobs n december.
Rate @ 5.6%.
mean while 100,000,000 people are not in the labor force. How do they get money?
Was it 5.6%, or 6.5%, when the Fed was going to raise interest rates? Or something else?
Fed ties interest rates to 6.5% unemployment
Paul Davidson, USA TODAY 8:54 p.m. EST December 12, 2012
(Photo: Steve Helber, AP)
The Federal Reserve on Wednesday agreed to keep a key short-term rate near zero until the 7.7% unemployment rate is 6.5% or lower.
The short-term rate will also stay unchanged at 0.25%, the Fed said, until the current 2.2% inflation pace hits 2.5%. Tying the one rate it controls to unemployment and inflation targets is unprecedented, economists said.
The Fed’s aim is to spur economic growth and lower long-term borrowing costs for consumers and Corporate America.
…
You are ruining the party WaB.
Futures have turned green, so it’s all good now.
Oh bugger…at least we still have affordable gasoline to offset our stock market losses.
Bulletin >> 25 of 30 Dow components in the red as stock-market benchmarks’ declines steepen »
More collateral damage from Obama’s war on Russia:
http://www.bloomberg.com/news/2015-01-08/mexico-cuts-10-000-oil-service-jobs-as-pemex-funds-fall.html
Win win if you ask me. Now 10000 people and their families have a good reason to move up north and keep the party going.
Bond Report
10-year Treasury yield registers largest weekly decline in 4 weeks
Published: Jan 9, 2015 4:46 p.m. ET
Two-year yield hits lowest level since mid-December
The U.S. added 252,000 new jobs in December.
By Joseph Adinolfi
News editor
NEW YORK (MarketWatch) — The 10-year Treasury yield recorded its largest weekly decline in four weeks Friday after reports that hourly wage growth contracted by 0.2% in December caused investors to rethink the timing of the Fed’s first interest-rate increase since 2006.
The 10-year yield ended the session down 5.4 basis points to 1.962%, according to date from Tradeweb. It has declined by 27.5 basis points during the past two weeks. The 30-year yield 30_YEAR, was down 5.2 basis points to 2.540%.
Short-term bonds outperformed for most of the session, but ceded the lead to five-year and seven-year bonds Friday afternoon. The renewed interest in short-term bonds suggests that bond investors have pushed out expectations for the beginning of the rate hike to 2016.
…
ft dot com
Capital Markets
January 9, 2015 9:31 am
Deflation fears blur interest rate outlook
By Michael Mackenzie and Elaine Moore
The biggest guessing game facing investors in 2015 remains whether the US and UK central banks will at some stage start raising official borrowing costs after a prolonged period of easy money that has pumped up asset prices.
Normalisation of interest rates by central banks has long been anticipated by investors as a signal that economies have finally moved beyond the financial crisis era.
The benefits of higher overnight rates include rewarding savers and restoring a sense of normality across markets in terms of higher volatility, seen by policy makers as curbing excessive risk taking.
The potential downside is that markets, notably equities and bonds, have become overly dependent on excessively low interest rates from the US Federal Reserve and other central banks.
Booming asset prices, led by the S&P 500 recording three consecutive years of double digit returns, and meagre risk premiums for lower quality bonds are the defining characteristic of current markets, reflecting the general perception that the Fed will raise rates slowly to prevent sudden spurts of volatility.
“The process of normalisation will be slow and play out over several quarters,” says Ian Lyngen, strategist at CRT Capital.
After a series of false dawns since 2010, the focus remains the likely starting date for a policy tightening that would represent the first US rate hike since 2006. This week’s release of the Fed’s meeting minutes for December signalled that the central bank remains on a trajectory towards a midyear rate rise.
Such an outlook, however, comes at a time when the fallout from sharply lower oil and commodity prices has fanned concerns that global deflationary forces are gathering pace.
“The Fed sees June as a suitable departure point for policy and that sets up tension between their optimism and the bond market,” says Eric Green, economist at TD Securities. “At face value there appears to be a growing disconnect between Fed optimism on the recovery and a market sending signals consistent with ‘false dawns’ that peppered earlier periods in this recovery.”
Coupled with falling US inflation and a strengthening of the dollar that reflects tighter financial conditions, some in the bond market think there is a risk that any rate rise arrives later in the year, or perhaps not until 2016.
…
The Drudge Report has over 20 links on the top of the front page about muslim terrorism in France
Every time somebody clicks one of those links, William Kristol gets a cool tingly feeling like when you bite into a Peppermint Patty, knowing that another poor white teabilly or poor urban black and brown is gonna enlist to go fight and die for Israel and its Christian Zionist shareholders
12 Journalist killed in France yesterday by muslims - top headline
2000 innocent villagers killed in Nigeria yesterday by muslims - no one hears about it
Cool story bro
As long as we’re talking about numbers, how many Israeli IDF soldiers put their “boots on the ground” and fought and died in Iraq, Afghanistan, and Iraq the Sequel™
How many innocents afghani, pakistani, iraqi, yemeni, libyani, Syriani died because of us?
What…what’s that?
What got all these Muslims stirred up? I dont remember all this activity during the Clinton years.
‘I dont remember’all this activity during the Clinton years’
Why doesn’t this surprise me?
Lesley Stahl on U.S. sanctions against Iraq: We have heard that a half million children have died. I mean, that’s more children than died in Hiroshima. And, you know, is the price worth it?
Secretary of State Madeleine Albright: I think this is a very hard choice, but the price–we think the price is worth it.
–60 Minutes (5/12/96)
http://fair.org/extra-online-articles/we-think-the-price-is-worth-it/
And this is how our “objective press” covers it…
New York Times Reports Proselytizing During Charlie Hebdo Attack, Then Deletes It
The Daily Caller | 8 Jan 2014 | Jim Treacher
Sigolène Vinson, a freelancer who had decided to come in that morning to take part in the meeting, thought she would be killed when one of the men approached her.
Instead, she told French news media, the man said, “I’m not going to kill you because you’re a woman, we don’t kill women, but you must convert to Islam, read the Quran and cover yourself,” she recalled.
What’s up with religions that force women to hide their entire bodies, faces included, and don’t permit them to get an education?
That’s gender discrimination.
Nah!
The “real war on women” is republicans blocking free (government paid) birth control pills for women.
It is constitutional FSA right to more free sh*t. Anyone who disagrees is part of the “war on women”
And the real war on Republicans is ISIS, so stop campaigning against Democrats.
No THAT is tyranny!
What’s up with religions that force women to hide their entire bodies, faces included, and don’t permit them to get an education?
That’s gender discrimination.
Most religions have some sort of gender discrimination.
Including provisions to torture or kill those who don’t comply?
What’s up with religions that force women to hide their entire bodies, faces included, and don’t permit them to get an education?
That’s gender discrimination.
In this case they let a woman live and killed all of the men. Yeah, that is gender discrimination.
Instead, she told French news media, the man said, “I’m not going to kill you because you’re a woman, we don’t kill women, but you must convert to Islam, read the Quran and cover yourself,” she recalled.
Maybe she was pretty? It has been proven that lookers get more leniency in court, easier time finding employment, etc.
‘They spared me because I am a woman… but said I had to wear a veil.
Daily Mail - 1/9/2015
A journalist has revealed how the terrorists who massacred her Charlie Hebdo colleagues spared her life - because she was a woman.
Reporter Sigolene Vinson survived the brutal attack on the French satirical magazine, in which 12 people including six of her co-workers and two police officers were shot dead.
She told Radio France Internationale that one of the killers held a gun to her head, but decided against killing her too.
Miss Vinson said the one of the shooters told her: ‘I’m not killing you because you are a woman and we don’t kill women but you have to convert to Islam, read the Qu’ran and wear a veil.’
She added that the men shouted ‘Allahu akbar, Allahu akbar’ as they fled the scene.
I remember seeing a movie a few years ago, it was set in Paris and it had a nuclear bomb going off in a Muslim area. While it was fiction, the scenes in the Paris suburbs were surreal, the neighborhoods looked like Northern Africa not like they existed in a European country.
We don’t kill muslims…we just send drones to their wedding parties. We are truly a sick country.
The flip side is that if they don’t kill you, then they take you as a slave. So I’m not sure it’s a win-win. I have no idea why ISIS isn’t taking the slaves like they’re sposedta.
I she were older than childbearing age they would have shot her too.
Nothing makes a chicken hawk feel like a real man like sending someone else off to die. And Dick Cheney is their patron saint.
Good luck out there in the real world.
#Don’tForceMeToConvertOrDieBro
We don’t have to kill Muslims, all we have to do is stand back and let them kill each other.
What about sending drones to wedding parties? What does it make you feel voting for someone who does that frequently?
Article for Downlow Joe
“A federal appeals court is set on Friday to weigh whether to strike down same-sex marriage bans in the conservative southern states of Texas, Louisiana and Mississippi.”
http://www.reuters.com/article/2015/01/09/us-usa-gaymarriage-idUSKBN0KI13Q20150109
double income no kids they have lots of money to spend on weddings and entertainment…so how can any repub be against creating JOBS???
Only bigger and bigger government with more and more regulations and higher and higher taxes can save us…
She and her ilk have created this. They intentionally grow the dependent class, crush the middle class and push the ruling class higher.
————————
Elizabeth Warren Says Economy Is Rigged Against Middle Class
Investor’s Business Daily | 01/08/2015 | John Merline
Is the economy rigged against the middle class? The Democratic left’s dream candidate — Sen. Elizabeth Warren — thinks so.
“I see evidence everywhere of the pounding working people are taking,” Warren said on Wednesday at an AFL-CIO summit on raising wages.
“These families are working harder than ever, but they can’t get ahead. Many feel that the game is rigged against them, and they are right. The game is rigged against them.”
Her argument, of course, is that the government must intervene to level the playing field.
If anything, the parts of the economy that are rigged against working families are those where government has intruded the most.
As IBD pointed out recently, the states with the highest levels of income inequality also tend to be the most left-wing. Even the liberal Brookings Institution concluded that San Francisco is the second most unequal city in the country.
Study after study has found that overregulation increases costs, kills jobs and stifles innovation. And it’s always the middle class that bears the brunt of these adverse side effects.
It’s worth noting, too, that it has been under President Obama’s tax-and-regulate economic policies — most of which Warren heartily supports — that middle-class incomes fell, millions quit looking for work, and millions more sank into poverty.
Advocating a bigger dose of the poison is no way to cure the patient.
“You work three jobs? How uniquely American” — George W. Bush
“Buddy can you spare a dime?” Humphrey Bogart, Bugs Bunny cartoon.
“I know how hard it is for you to put food on your family” — George W. Bush
“That depends on what the definition of ‘is’ is” Slick Willy, 1998?
It all began with Reagan.
It all began with Reagan.
If you mean an actual recovery, you are right. Too bad we then switch from supply side economics to demand side economics based on debt, after he left office.
But Dan, isn’t demand side economics working great for China? That’s what you keep saying.
No supply side economics is working great in China. Their major economic driver is business investment.
No, its government controlled investment.
It is not all government controlled investment, a lot of private companies in China are investing heavily. However, it does not matter, supply side economics at its core is investment that is aimed at increasing the capacity of a country to produce goods cheaply, so whether it is ordered or occurs through private initiative, it is supply side economics.
And very deflationary. I like lower prices.
” its government controlled investment”
Exactly. There’s no way you can cheer statists like Putin and states like China and still call yourself a supporter of free markets.
“of a country to produce goods cheaply”
That’s how they got 60 million empty “houses”!
If the Chinese people want to earn a few bucks a day so I can pay $7.99 for some socks, that’s fine with me. But I have a feeling the Chinese people don’t have a great deal of say in the matter.
A bunch of them were committing suicide by jumping off of tall buildings, so Apple put a net or a fence around their building. Now they have to keep working.
Communists got to communist.
#FundamentalTransformationOfAmerica
Warren is Boxer reincarnte!!
Can’t believe IBD, WSJ, Repub Party still believe in the Trickle Down Tooth Fairy.
Priorities people, priorities…
—————————
New York City to ban Styrofoam takeout, delivery food containers, packing peanuts, plastic cups.
nydailynews | January 8, 2015, | Jennifer Fermino , Ginger Adams Otis
City to ban foam takeout, delivery food containers in environmentally friendly push The ban, which will start July 1, covers foam take-out containers, packing peanuts and plastic cups.
New Yorkers’ beloved foam takeout and delivery food containers will soon be products of a bygone era.
Mayor de Blasio — finishing off an initiative begun by his predecessor — will announce a ban on the environmentally unfriendly material Thursday, according to The New York Times.
The ban will start July 1 and cover foam packing peanuts as well as plastic foam cups and takeout containers.
Sounds like good news to me. No more Styrofoam and no more plastic bags - more papers bags and more trees to make them. What’s the problem with that?
Sounds like good news to me. No more Styrofoam and no more plastic bags - more papers bags and more trees to make them. What’s the problem with that?
Well, I guess if you were a little older you’d remember how evil all those paper bags were and how we absolutely had to switch to plastic bags to save the environment. What’s old is new again.
The American workers who manufacture (and recycle) those bags will be out of jobs.
$80 oil by the end of the year, where did I hear about that first? BTW, excerpt from CNN money:
Chris Lafakis, a senior economist at Moody’s Analytics and head of the firm’s energy coverage, thinks oil prices will rally all the way back to $80 by the end of the year. That’s about a 65% jump from current levels.
Why is he so optimistic? Lafakis says investors are ignoring the simple rules of Economics 101.
He thinks that the huge drop in prices from more than $100 a barrel last summer will inevitably lead to higher demand … at a time when there will be lower supply because several companies are already starting to delay new drilling projects.
“There is a glut of crude right now and inventories are building. Oil companies can’t turn off wells that are already producing. But as they deplete, there will be no new investments and there has to be an effect on supply from that,” he said
Keep saying it and it’s sure to happen.
Keep denying it and it will happen any way.
Falling housing prices….. falling fuel prices to dramatically lower levels is positively bullish and good for the economy.
What’s not to like?
Seattle, WA Sale Prices Plunge 13% YoY
http://www.zillow.com/seattle-wa-98109/home-values/
Energy 1/09/2015 @ 8:49AM
The Oil Price Outlook For 2015: Beware Optimism
Michael Lynch, Contributor
Around the world, petroleum industry executives at companies from Chevron to ExxonMobil to BP to Continental Resources are praying for oil prices to “recover,” and quite a number of forecasters are predicting that they will. One news story from last month put the average price predicted for 2015 at $82.50/barrel, which would be about 60% above where they are now.
The first and largest problem for forecasting is bias: people almost always start from their particular beliefs and preferences before analyzing the facts. Few in the industry, or governments that rely on oil revenues, considered the possibility that prices could drop below the $100/barrel level for any length of time.
An October story described how “Igor Sechin, head of Rosneft, Russia’s largest oil company, has been even more bullish, claiming that oil prices cannot plummet below $90 per barrel. On top of that, he believes that within the next five to seven years, oil prices might reach $150.” This might be an extreme case of price bullishness, but a common one.
When I suggested, at a 2012 OPEC conference, that long-term prices were likely to be in the $50-60/barrel range, not only was it suggested (from the audience) that I was joking, or (from a panel member) that I was possibly an idiot, but no one seemed to think such a decline even worthy of consideration.
Which highlights the biggest problem in forecasting and planning: we’re all human. An unbiased assessment of possible futures is extremely hard to achieve, as almost no-one likes to hear bad news. (Some colleagues were astonished that I would go an OPEC conference with a bearish price forecast.)
…
Opinion: After a fortunate 2014, global woes and oil slide may catch up to U.S.
Published: Jan 9, 2015 11:02 a.m. ET
Is the U.S. economy facing a stacked deck?
By Paul Brandus
Columnist
It was a pretty good year on the economic front for the United States, but not so good for the world’s other three big economies: China, the European Union and Japan. Come 2015, their woes — and new problems of our own — may catch up with us.
Before getting to what I think could happen in the new year, a look back is instructive. Just how fortunate was the United States in 2014? Let me count the ways. China’s economy is slowing down. Europe is teetering on its third recession in a decade. Japan is contracting. Then there is the implosion in Russia, which looks to get worse.
…
Oil: What’s not to love about the plunge in crude? It hurts Russia, Iran and Saudi Arabia. while cheaper gasoline will save the average U.S. household around $1,100. Oil’s fall, along with other commodities, dampens the prospects for inflation — and, perhaps, the possibility of a hike in interest rate shy the Federal Reserve. It just doesn’t get any better than this.
But the drop in oil is beginning to hurt us, too — or at least states which have been riding the energy boom. The layoffs are already underway in Texas, where oil and gas accounts for 11% of the state’s economy. Data suggests “Texas has started contracting,” says Robert A. Dye, chief economist for Dallas-based Comerica Bank. Adds Michael Feroli, chief U.S. economist for J.P. Morgan Chase: “We think Texas will, at the least, have a rough 2015 ahead, and is at risk of slipping into a regional recession.”
Investors face a myriad of risks. Much of the U.S. energy boom of the last few years was financed by high-yielding junk bonds; the lower crude goes, the more trouble firms are going to have covering their capital costs. This, in turn, means trouble for banks, of course. There is also the possibility of debt defaults in places like Russia, whose default in 1998 rippled across global markets. Savvy investors should look beyond cheap gasoline and weigh the larger risks associated with oil’s steep plunge.
…
But the drop in oil is beginning to hurt us, too
We, kemosabe?
How much farther will oil have to drop before the predicted rally materializes? It’s already down another 2% today, and it’s still early.
There might be some support around $35? but when things get as distorted as they were who knows? The bigger story hasn’t come out yet. Somewhere the giant engine of credit expansion has thrown a piston.
You may have heard of this famous bet between two academics, Julian Simon and Paul Ehrlich, over whether natural resource prices would rise or fall over a decade-long period. Ehrlich used similar “Peak Oil” type arguments to those you like to serve up here to argue that resource prices would inevitably rise.
Simon won his bet that prices would fall. And the period over which the wager played out, the decade of the 1980s, started off with a similar crash in commodities prices to the one that has been in progress over the past few months.
I won a grand on Video poker the other day. Same difference.
#EconomicCasino
Lafakis went on to give a lesson in Physics 101, explaining that down is up. “Don’t you get it you freakin idiots?” he shouted. “Down is up!” he chanted over and over, while leaving his seat to jump up and down in front to the camera. The scene cut away just as he apparently wet his pants.
“He thinks that the huge drop in prices from more than $100 a barrel last summer will inevitably lead to higher demand … at a time when there will be lower supply because several companies are already starting to delay new drilling projects.”
Sounds like make believe economics…
Sounds like degenerate gamblers.
I suggest to people that they go to gold seek and check out the dollar and the intentional spiking of the dollar today. In fact they have been doing it virtually everyday since about late July. The dollar spikes just prior to the opening of the stock market. The manipulation is clear, they do not even attempt to hide it:
http://www.goldseek.com/
Just look to the right side of the screen and scroll down to you see the dollar graph. It is truly amazing.
In other news; the face of Jesus Christ has appeared on a three-cheese pizza made at Posh Pizza in New Farm, Brisbane.
Just look to the right side of the screen and scroll down to you see the face. It is truly amazing.
http://www.news.com.au/lifestyle/real-life/face-of-jesus-christ-appears-in-three-cheese-pizza/story-e6frflri-1226030824138
Looks more like Skeletor, or Darth Sidious.
Charts are like a pizza. You can find in them whatever is in your mind.
Dan do you think dollar strength has anything to do with investors selling out of the carry trade and buying back dollars ?
Another distortion of zero interest rates.
Warmist Warming Friday
“The senator cemented his status as public enemy No. 1 for environmentalists long ago, topping it off with his 2012 book on climate change, “The Greatest Hoax.” This year he takes over the Senate Environment and Public Works Committee — the panel most associated with climate policy oversight — and says he plans to continue his role as a “one-man truth squad” on the issue … as he writes in his book, “God is still up there, and He promised to maintain the seasons and that heat and cold would never cease as long as the earth remains.”
http://www.washingtonpost.com/lifestyle/style/the-senates-top-climate-change-denier-is-flying-high-with-a-committee-chairmanship/2015/01/07/bf625fe0-9365-11e4-ba53-a477d66580ed_story.html
Lower prices will lead to higher demand? So all this time we thought the world economy was teetering under the weight of massive debt and malinvestment, the problem was really that gas was a buck and a half a gallon too high? Thanks for clearing that up for us. That explains everything.
This should have been linked to Dan’s post, but its nice to know that some Bible thumping moron is keeping watch on God’s toxic dump.
One day this will come to America. Our debt situation is much worse than Greece.
We still can print our own money.
They day America prints bonds that are to paid back in a foreign currency or gold is the day the bell rings.
——————
Another Run on Greek Banks Begins; Get Out While You Still Can; Buy Gold
Mish - 1/9/2015
My advice to Greeks is simple: Get out while you still can. That means now!
The Greek financial system is artificially sustained by the ECB, the lender of last resort. It survives because the ECB accepts junk debt (including Greek state bonds) as collateral. If the ECB were to cut support, the Greek banking simply would close and the government would set strict limits on the withdrawal of deposits.
On Thursday, the ECB said that its funding to the Greek banking system depends on the success of the current bailout program and a subsequent agreement in Athens with the EU and the International Monetary Fund (IMF).
Fear not only grows among depositors. Investors also show their misgivings by their rejection of the Greek public debt. The yield on Greek ten-year bonds has just surpassed the threshold of 10% for the first time in 15 months, while the risk of sovereign default is increasing, as reflected in the price of credit default swaps of Greek debt, now exceeding 1,500 points.
Soaring interest rates, soaring credit default swaps, and yield curve inversion are all signs of tremendous stress.
The important message to Greeks is get out now, while you still can. If this panic escalates, Greece may very well respond with capital controls, even before the election.
If I were a Greek citizen, I would personally worry that any euro-denominated bank (not just Greek banks) would confiscate my money.
Options:
For short-term needs, consider US dollars or euros, in hand, not in bank safe deposit boxes. For mid- to long-term needs, US treasuries (or US treasury ETFs), and gold look attractive, especially gold.
In spite of all the attacks by mainstream writers on gold, it was still the second best performing currency in 2014.
Gold was up 13% vs. the euro, 15% vs. the Yen, and 6% vs. the British pound. Gold was down 1.3% vs. the dollar.
It’s serious. Get out!
let them go under and feel some pain. If you don’t learn from your mistakes you are bound to repeat them. They are just buying time.
Haircuts across the board!!!
Haircuts across the board!!!
Only to the fools who leave their money in the bank
It’s serious. Get out!
In spite of all the attacks by mainstream writers on gold, it was still the second best performing currency in 2014.
Gold was up 13% vs. the euro, 15% vs. the Yen, and 6% vs. the British pound. Gold was down 1.3% vs. the dollar.
This is a key point that most people miss.
So one was further ahead holding cash vs. gold.
Good job Dan.
Been bullish about gold since it was below $300 an ounce, keep cash, it is a fool’s game in a fiat economy over the long run. The dollar has decline in purchasing power about 99% since the Federal Reserve was created in 1913.
I’ve been bullish on my big stack o’ cash since it buys increasingly more as prices fall.
But the economy is soaring. obama said so just yesterday.
————————
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million…
Zerohedge | 01/09/2015 | Tyler Durden
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in the labor forced soared by 451,000 in December, far outpacing the 111,000 jobs added according to the Household Survey, and is the primary reason why the number of uenmployed Americans dropped by 383,000.
There it is. But styrofoam containers is the priority.
Because teabaggers gonna bag
“The states with the highest percentage of people age 18-64 on disability in the U.S. are West Virginia (where the number is nearly 1 in 10), Arkansas, Alabama, Kentucky, Mississippi, Maine, Tennessee, South Carolina and Missouri.
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/08/where-americas-social-security-benefits-go-in-four-maps/
Oh - stop cherry picking.
National Review Online
January 26 Issue
California: America’s Welfare Queen
By Nash Keune
California is the nation’s welfare queen: The state accounts for one-third of America’s welfare recipients, though it only contains one-eighth of the population, and there’s no good reason for it.
In California, 3.8 percent of the population receives monthly welfare checks. In no other state is more than 3 percent of the population on the dole.
Some may assume that the illegal-immigrant population in California expands its welfare rolls. But in Texas, which also has a large illegal-immigrant population, less than one half of one percent of the population receives welfare.
California Most Impoverish State In The US
http://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate
The chart says it’s Mississippi, or can’t you read.
The chart says California my firend. The state of welfare cases and degenerate gamblers.
*READ. STUDY*
Little surprise to see Arizona and New Mexico ranked poorly in there. I recall New Mexico’s birth to unwed mothers was above 50% back in 2001 or so, and most were likely fully dependent on the public safety net.
Too funny. Just saw clip from Bill Maher aired tonite where one of the guests said…. drum roll please…
“California has the highest poverty rate in the country.”
http://www.governing.com/gov-data/food-stamp-snap-benefits-enrollment-participation-totals-map.html
According to this website, 4,000,000 Texans are on food stamps, about the same as California. That’s about 15% of all Texans, not one half of a percent. California’s percentage is closer to 10%.
In California, 3.8 percent of the population receives monthly welfare checks. In no other state is more than 3 percent of the population on the dole.
This would great news if it were true. Only 2% or 3% of Americans are receiving welfare. Suddenly National Review is not including things like food stamps, WIC and section 8 benefits as welfare. Other articles on their web site could probably found that stating that half the country is on welfare.
34% of the nations welfare cases live in CA with just 12% of the population.
California is a welfare hole.
Hey - these are good for obama’s employment numbers!
Yes - we can!
———————-
Though the vast majority of people on disability do not work, they are not technically part of the labor force, so the Bureau of Labor Statistics excludes them from the unemployed.
“Part of the reason our unemployment rates have been low, until recently, is that a lot of people who would have trouble finding jobs are on a different program,” MIT economist David Autor told NPR.
Warren is Boxer reincarnate!!
Same school as Gruber - and this is supposed to be where the best and brightest are housed?
“The states with the highest percentage of people age 18-64 on disability in the U.S. are West Virginia (where the number is nearly 1 in 10), Arkansas, Alabama, Kentucky, Mississippi, Maine, Tennessee, South Carolina and Missouri.”
Thanks progressives!
#GetWhitey
#Don’tFundamentallyTransformMeBro
The Chinese leaders can report their true numbers without fear of being voted out of office. Obama and the government workers that rely on the Democrats to hold office to prevent cuts, have a strong economic incentive to manipulate the numbers to retain power. Consequently, I think the Chinese numbers are far closer to reality than the numbers created every month by our government. You can see the Chinese getting wealthier every year while Americans look poorer every year.
Now, that right THERE is some serious ‘tardation and asshattery. You should be very proud of that conclusion as it takes a substantial amount of psychosis to reach it. Kudos to you, Sir. Kudos… Now say something glowing about the unparalleled freedom of expression they enjoyed at Tiananmen Square.
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million…
Once again, this statistic usually includes everyone over the age of 18. It is partially a result of the aging of the population.
Question: What is the Labor Force Participation Rate?
Answer: The labor force participation rate is the percentage of working-age persons in an economy who:
Are employed
Are unemployed but looking for a job
Typically “working-age persons” is defined as people between the ages of 16-64. People in those age groups who are not counted as participating in the labor force are typically students, homemakers, and persons under the age of 64 who are retired.
http://economics.about.com/od/unemploymentrate/f/labor_force.htm
This page from the people who people who calculate the statistic actually says 16 and older.
http://data.bls.gov/timeseries/LNS11300000
This graph shows some very delayed improvement in the portion of people aged 25 - 54 who are employed
http://3.bp.blogspot.com/-bxnZiAMAhUc/VK_p3WYGD7I/AAAAAAAAh54/_IkqhXUHKTU/s1600/EmployPop2554Dec2014.PNG
….. and at fresh 37 year lows.
Are employed
Are unemployed but looking for a job
That part of your quote is correct. So if 10 million people lost their jobs next month and were out trying to find work, there would be no change in the labor force participation rate. It doesn’t really make sense for it to be the favorite employment statistic of those zero hedge people.
No… not at all.
It’s a direct result of centrally planned economy and policy mismanagement for 30 years.
A lot of these red state welfare kings and queens are like my brother in law - he hates Obama and the government freeloaders. But he had no problem collecting food stamps when they had their second baby because hes too “independent” to get a job. Meanwhile, my sister does most of the work at their business while he “supervises.” Typical tea party blowhard.
A learning lesson:
A lot of these blue state welfare kings and queens are like every where else - they love Obama and the government free-$hit. They’re too selfish to think about the free $hit they demand is actually being paid for my someone else.
At least they’re not self righteous hypocrites about it. And its funny how the posters on this site who constantly complain about the freeloaders never mention the huge handouts to farmers and the oil industry. I guess freeloading is alright if the freeloaders vote the way you do, right?
Keep the heat on the elected fraudsters regardless of party. Bush is gone but there will be another.
“he hates Obama and the government freeloaders. But he had no problem collecting food stamps”
I know a dude who hates Obama and government freeloaders.
He works but he hasn’t made a mortgage payment in 6 years.
Typical tea party blowhard? I don’t think so in fact I would think most people who would consider themselves “Teabaggers” are probably decent hardworking people who pay taxes and don’t like big government. But they are mostly white people who are Christians and think abortion is a bad thing so their political opponents brilliantly go right to…
Saul Alinsky’s 12 Rules for Radicals
RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)
RULE 12: Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
Yep, big government is bad unless they can use it to push their religion on everybody else. The southern baptist taliban would love to be able to tell the rest of us how to live, but most people would rather not marry their cousin.
“The southern baptist taliban would love to be able to tell the rest of us how to live, but most people would rather not marry their cousin.”
Saul Alinsky’s 12 Rules for Radicals
RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)
RULE 12: Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)
But he had no problem collecting food stamps… because hes too “independent” to get a job.
+1 I know a number of men just like that, occasionally self-employed under the table while mooching at the public trough.
++1. There’s a huge number of red blooded conservatives whose lifestyle depends on collecting unemployment every year. And they’re the ones who complain about welfare the most.
“There’s a huge number of red blooded conservatives whose lifestyle depends on collecting unemployment every year.”
Where did you find that stat?
What sort of jobs do these people hold?
Im sure they would be willing to polish moon rocks.
“What sort of jobs do these people hold?”
If that was meant for me the people who I know that are conservative small government people hold jobs and own small businesses.
Plumbers, electricians etc. General contractors, a dude who owns a muffler shop, owner and people who work for building material companies, a dental hygienist, FPL employees, an accountant, a mechanic or three, husband and wife that own a sporting goods store, a Doctor I know who really doesn’t like Obamaccare. There are some off the top of my helmet that are in my small circle of life.
None of them like myself have I ever heard say you are going to hell if you have an abortion. All of them have friends that are white, black and brown. Once again I don’t know any oriental people but to the best of my knowledge none of them hates them either. Yet all of them that are white would be thrown into the racist war on women Teabagger pot by many people with opposing political views.
Truck drivers, carpenters, lawn maintenance workers, and pretty soon, thousands and thousands of people in the fracking and oil industries, thanks to Saudi Arabia.
Credit bubble jobs.^
“Im sure they would be willing to polish moon rocks.”
I’m not sure I’d trust a red state hillbilly with a rock.
Some recovery key point from the labor report and it is getting little play:
In December, average hourly earnings for all employees on private nonfarm payrolls decreased by 5
cents to $24.57, following an increase of 6 cents in November. Over the year, average hourly earnings
have risen by 1.7 percent. In December, average hourly earnings of private-sector production and
nonsupervisory employees decreased by 6 cents to $20.68. (See tables B-3 and B-8.)
Once again, condo foreclosures are the leading indicator of a housing bust, and the fools who bought them are finding themselves picking up the slack for the deadbeats who can’t or won’t pay their condo fees.
http://www.marketwatch.com/story/condo-fee-foreclosures-become-headache-for-homeowners-2015-01-09?dist=beforebell
“Once again, condo foreclosures are the leading indicator of a housing bust…”
+1 Yep, the canary in the coal mine.
I was just thinking.
A FB may stall a bank foreclosure for years as they are “fighting for their home” and playing the victim card.
The HOA will/can now foreclose and evict within a few months.
Hmmmm - kinda makes things interesting again!
From china Daily because our MSM will never report it, it would explain the low labor participation rate in America:
Chongqing manufactures most laptops in the world
Updated: 2015-01-09 16:20
By Wang Jingjing(chinadaily.com.cn)
Comments() Print Mail Large Medium Small
0
Chongqing manufactures most laptops in the world
Employees process laptop components at an industrial park in Chongqing, Southwest China, April 22, 2014. [Photo/IC]
Chongqing municipality in Southwest China produced 61 million units of laptops in 2014, becoming the world’s largest laptop production base by shipment, Xinhua news reported Thursday.
Chongqing’s laptop output takes up one third of the world’s total amount, gaining a 15 percent year-on-year increase, said Guo Jian, director of Chongqing Municipal Commission of Economy and Information Technology.
All Acer Inc’s laptops were produced in Chonqing, and the city was also responsible for 90 percent of Japan-based Toshiba Corp’s laptop orders, 80 percent of Asus and 60 percent of US-based Hewlett-Packard in 2014, according to the report.
The city also produced nearly 200 million electronic units, including computers and printers last year.
It is projected that Chongqing’s laptop and smart devices sectors would grow at 15 percent or more in 2015, said the report.
The carnage in the overleveraged oil sector looks set to continue.
http://wolfstreet.com/2015/01/09/this-giant-oil-company-is-headed-for-disaster/
“The company’s spending is out of control, its profit margins are shrinking, and its debt is soaring. In short, Petrobras is a study in how not to run an oil company.”
Sorta resembles Fannie and Freddie, IMHO.
Petrobras is a study in how not to run an oil company.”
Brazil is an example on how not to run a country despite Lola/avocado/rio perhaps dman telling us otherwise. I cannot keep up with all the name changes of the people that are proven wrong again and again and then just change their name.
American Exceptionalism
“A woman gave birth to a healthy 10-pound baby girl on Wednesday, an event that might have passed unremarked upon if Katherine Kropas hadn’t discovered that she was pregnant just an hour before her daughter was delivered.
http://www.washingtonpost.com/news/morning-mix/wp/2015/01/09/woman-gives-birth-to-10-pound-baby-just-an-hour-after-discovering-shes-pregnant/
Must be a real looker, huh?
She probably did not even lose any weight because she ate ten pounds of donuts in the delivery room.
But, but, but……uh……Moochelle has nominated new ‘Food Justice” activist - yikes!!!
http://freebeacon.com/issues/new-lets-move-executive-director-is-a-food-justice-activist/
MAN RULE #8
Men may make NO comments or ask a pregnant lady if they are pregnant until the lady tells the man FIRST.
It is rule to live by.
If you break MAN RULE #8 and you are wrong…
You will never live it down.
What’s your walkscore?
Younger workers are driving employers to choose urban locations
http://www.marketwatch.com/story/younger-workers-are-driving-employers-to-choose-urban-locations-2015-01-05
I see new employers setting up shop in Trenton, Cleveland, Newark, Camden, Detroit, Chicago, Philly, Buffalo, etc.
EVERY DAY!
To attract young urban hipsters who want to walk to work
NOT!
Because teabaggers gonna bag
http://www.businessinsider.com/conservatives-purposely-making-cars-spew-black-smoke-2014-7
What’s your walkscore?
Little men in big trucks.
Everything is within walking distance if you gotz the time.
Actually that’s exactly what’s happening in downtown Detroit. 20 somethings who wear faded jeans, dess shoes and untucked shirts. Its their uniform. And they pay for everything with a credit card, no matter how cheap. Downtown is separated enough from the ” neighborhoods” that it will probably take off within the next ten years. But the ‘ hoods are only going to get worse.
I saw a similar thing in Cleveland when we visited in June. We stayed downtown and were surprised at the number of young’uns down there. I thought they all fled Cleveland after college. The 7-story building across from the hotel where we stayed was converted to condos/apartments and appeared mostly full. When I still lived there downtown was abandoned after 5PM.
Hope and Change in the Obama Recovery
“average hourly earnings were down 5 cents in December, to $24.57 … Wages fell by 0.2% in December”
http://www.businessinsider.com/this-was-a-terrible-jobs-report-2015-1
Forward
Class warfare straight from the Saul Alinsky playbook
“At some point, when the 10% have finished extracting every ounce of wealth from the 90%, the 90% will simply have no money with which to buy the products and services of the 10% — at which point, the companies owned by the 10% will collapse.”
http://www.businessinsider.com/wages-flat-stocks-and-profits-soar-2015-1
Forward
That’s exactly where our economy is heading. But don’t raise salaries or the minimum wage - that will hurt the feelings of the ” job creators” who don’t actually create jobs as much as pad their own pockets.
Right on Dman. Still waiting for the Fox watchers and the Drudge clickers to realize that one more tax cut for the rich won’t make trickle down happen and there is no shining city on a hill. I fear unregulated Big Business more than I fear Big Government.
+1
“But don’t raise salaries or the minimum wage -”
Exactly. Just let the prices fall and watch the economy accelerate like never before.
“At some point, when the 49% have finished extracting every ounce of wealth from the 51%, the 51% will simply have no money with which to pay the taxes to give more free sh*t to the 49% — at which point, the government collapses.”
You can pretend like Warren that social security is not going bankrupt right to the point where there is no money to send the checks out. I lost all remaining respect for her when she denied social security had a problem. She could at least suggest a “progressive” solution which of course would be higher taxes but just to deny the problem makes her unfit for any office.
Slightly higher taxes on the 1% will fix social security. Anybody who votes otherwise deserves to live on cat food in their golden years.
#1 rule for progressives:
There is no problem that cannot be solved with bigger and bigger government, more and more regulations and higher and higher taxes.
2B, the 1% are the free sh*t army.
There are many FSA.
Bankers and wall street are one of them.
And the MIC. Not sure which one’s a bigger FSA Bankers/WS or MIC?
We now know where that 5 cent went…..
http://watchdog.org/191717/first-familys-holiday-vacation/
George and Laura always rode Greyhound when they went on vacation down in Crawford, why can’t Obama be more like them?
Hillary ‘furious’ over Bill’s ‘part’ in latest sex scandal
By Ian Mohr
January 8, 2015 | 9:10pm
Hillary Clinton is “furious” at husband Bill Clinton, according to Washington insiders, after his name came up in the latest sex scandal involving his disgraced former pal Jeffrey Epstein.
Sources at the funeral of Mario Cuomo also said they saw a peevish-looking Hillary angrily “storm” past the former president after he dutifully waited for her by the door of St. Ignatius Loyola Church.
Bill’s name has popped up in 2011 court documents relating to Epstein after a woman said to be Virginia Roberts filed a bombshell suit alleging she was Epstein’s teen “sex slave” and paid $15,000 to bed Epstein’s pal, Britain’s Prince Andrew.
The 2011 court docs reveal that 21 email addresses and phone numbers for Bill and an aide were found in Epstein’s electronic black book, and that Bill “frequently flew” with Epstein on his private plane from 2002 to 2005. But the papers say he then “suddenly stopped, raising the suspicion that the friendship abruptly ended, perhaps because of events related to Epstein’s sexual abuse of children.”
Witnesses at Cuomo’s funeral on Tuesday told Page Six that Bill was “waiting by the front door for a long time” before the ceremony. “People assumed he was waiting for Matilda Cuomo. But then Hillary came storming in right past him.” Bill, the spy said, had been waiting for his wife, who didn’t look too happy with him.
The 2011 court records also revealed that lawyers for two of Epstein’s alleged victims were considering subpoenaing Bill in a civil case against Epstein. But he was not deposed.
Asked for comment, Hill’s rep snapped, “Utter nonsense.” Bill’s rep made a customarily snide comment. Buckingham Palace has strongly denied allegations against the prince.
pagesix.com/…/01/08/hillary-furious-over-bills-part-in-latest-epstein-sex-scandal/ - 111k -
Comment by phony scandals
2015-01-09 08:09:02
Hillary ‘furious’ over Bill’s ‘part’ in latest sex scandal
pagesix.com/2015/01/08/hillary-furious-over-bills-part-in-latest-epstein-sex-scandal/
Marxist feminist shaming
Target Customers Are Furious That Plus Sizes For Its Latest Designer Collaboration Won’t Be Sold In Stores
http://www.businessinsider.com/target-under-fire-from-plus-size-women-2015-1
See also: How to find a feminist boyfriend
http://www.washingtonpost.com/opinions/how-to-find-a-feminist-boyfriend/2015/01/02/ebd9ed10-8f7b-11e4-a900-9960214d4cd7_story.html
The Pyramid Collection catalog, which carries new-agey and slightly witchy clothing and stuff, got it right. They offer “goddess sizing” at no extra charge.
I find that offensive. I’m thin, why should I be footing the bill for the extra fabric for “goddess” clothing?
“Target Customers Are Furious That Plus Sizes For Its Latest Designer Collaboration Won’t Be Sold In Stores”
Maybe the changing rooms aren’t sized for mobility scooters?
(Well paid) Experts warn governments to plan for climate change migrants
Reuters
By Alister Doyle,
Environment Correspondent
23 hours ago
OSLO, Jan 8 (Reuters) - Governments need to plan better for rising migration driven by climate change, experts said on Thursday, citing evidence that extreme weather and natural disasters force far more people from their homes than wars.
Projections by leading climate scientists of rising sea levels, heatwaves, floods and droughts linked to global warming are likely to oblige millions of people to move out of harm’s way, with some never able to return.
news.yahoo.com/…perts-warn-governments-plan-climate-change-migrants-151012508.html - 305k
rising migration driven by…
free medical
free schooling
free housing
free welfare
free victim card
free scholarships to college
etc.
And now FSA community college for two years. If I were an illegal I would be sayin F….. ya!!! Bring it on Obamao!!!
http://www.politico.com/story/2015/01/barack-obama-free-community-college-114094.html
I just saw a bumper sticker.
“I am the FSA and I vote!”
Warmists gonna warm
Warmists gonna warn
Cause of global warming hiatus found deep in the Atlantic Ocean and it has now spread to Mars.
Temperatures on Mars Yesterday Warmer than Fourteen States
The daily high on Mars was 17.6 F, while most of the northern U.S. plunged into the single digits
by Daily Mail.co.uk | January 9, 2015
Time to stop remarking about how unearthly cold it is outside because on Thursday, Mars was actually warmer than many parts of the U.S.
The daytime high in the red planet’s Gale Crater, as recorded by NASA’s curiosity Rover, was 17.6 degrees F – a whopping 11 degrees warmer than the 6-degree high in Green Bay, Wisconsin.
Temperatures in fourteen states from Washington to Maine reported temperatures colder than Mars, as a brutal blast of Arctic air sweeps the country.
Mars just recently passed its closest orbit to the sun, which partially explains why the temperature was relatively balmy. The Gale Crater is also located in one of the warmest parts of the planet, near the equator.
migrants trying to escape the cold:
IraqiNews.com) On Thursday, the Department of Weather Forecasters and Seismic Monitoring in the Ministry of Transport announced, that Iraq will be hit by the ‘Huda’ snowstorm coming from Europe during the next two days, while confirming that the temperatures will drop one degree below zero.
Head of Weather Forecasters, Aqdam Salam Sulaiman said in an interview for IraqiNews.com, “Iraq will be affected by a polar snowstorm ‘Huda’, coming from east Europe and the Mediterranean during the next two days, but the low temperatures began today,” noting that, ” The last hours witnessed the fall of large amounts of snow in the province of Dohuk and the border areas with Turkey and Syria.”
Sulaiman added, “In the next two days, Iraq will be hit by the Huda snowstorm. We will see a drop in temperatures to below zero in Baghdad and western regions,” adding, “Snowfall in the border area of Ratba and the northern areas with Saudi Arabia has been reported.”
At one time, NYC was covered by ice more than one mile thick
At another time, there were rain forests and alligators in what would become Alaska
They used to grow plenty of oysters in mile high Nebraska.
Nothing holding up the XL pipeline except for Obama:
http://news.yahoo.com/nebraska-high-court-tosses-suit-over-keystone-pipeline-143829507–finance.html
You get such satisfaction from Obama’s actions. You should have voted for him.
You voting for him three times in one election is enough.
Why does obama hate jobs for Americans and energy independence?
Because 2 -
He hates America and everything it stands for.
The pipeline would be used to import foreign oil. Building it would be a step away from energy independence.
Actually it would be a net gain in exports. Refined petroleum has a higher volume than the crude.
Wouldn’t exporting refined products be contrary to the goal of energy independence?
Actually, there’s another possibility. If every drop of oil imported through the pipeline was refined and those refined products were all exported, there would be no effect on energy independence.
Maybe. Call it net production then.
Another handout for the oil companies. I wonder how many people are going to have their property mangled by the oil companies due to eminent domain? Conservatives dont mind big government as long as its being used to pad the bottom line of big oil. That’s what campaign donations will buy you.
Won’t the XL pipeline serve to increase global oil supply, by reducing distribution costs for a primary source, putting further downward pressure on prices?
Of course, this would mean more CraterRage for those banking on a quick recovery in oil prices.
It is the sun stupid:
http://wattsupwiththat.com/2015/01/09/two-new-papers-suggest-solar-activity-is-a-climate-pacemaker/
warmists gonna warm, dannyboy, warmists gonna warm
Obama’s non-recovery, recovery:
http://calwatchdog.com/2014/12/03/chapman-forecasts-continued-modest-growth/
Don’t move here - you won’t like it…..this from of all places the Huff Po.
http://www.huffingtonpost.com/reboot-illinois/how-illinois-demographics_b_6423714.html
No one wants to live in Illinois (NY and NJ too) due to the insane taxes and regulations of long term rule of the democrats.
—————————–
Another moving survey shows people leaving Illinois
Gregory Karp - Chicago Tribune contact the reporter -02/02/2015
Earlier this week, Allied Van Lines said Illinois was No. 1 for outbound versus inbound moves in 2014, according to its moving data for the year. And Atlas Van Lines said Friday its data also show more people leaving the state than coming, with Illinois ranking second among states with the highest proportion of outbound moves.
Whatever, people sure seem to love to leave Illinois.
United Van Lines, which has tracked migration since 1977, said it tallied 6,283 moves out of Illinois and 3,630 into the state. New York and New Jersey were the only states with higher numbers moving out.
Where are all of those people headed?
Oregon, South Carolina and North Carolina topped states for inbound moves.
barack hussein obama
Just add the letter N and it says Nobama, LOLZ
Just add the letter O and it spells Obamao, LOLZ
Fe fi fofamao.
Because pigmen gonna pig
Most of America’s rich think the poor have it easy
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/01/08/most-of-americas-rich-think-the-poor-have-it-easy/
as reported by real journalists and linked from drudge
http://mobile.nytimes.com/2015/01/10/world/europe/charlie-hebdo-paris-shooting.html?referrer=
only another trillion dollar war can take care of this
new congress, are you listening?
only another trillion dollar war can take care of this
You sound like 2banana now.
Sound like what, a teabagger hypocrite?
That’s almost as bad as a bedwetter libtard hypocrite
Teabaggers gonna bag, and libtards gonna tard
If you want another trillion dollar war funded by deficits, Jeb Bush is your man.
If you want another trillion dollar war funded by deficits, Obama is your man.
It’s a good thing Lindsey Graham and the bagger brigade are gonna defend Obama’s illegal drone war against ISIS, right?
“Read my lips. No new taxes” — George H. W. Bush
defend = defund
But whatever, the typo is actually correct, because baggers bombing browns is what baggers do best
It rallies the bagger base and shows mad love for Israel yo
I was thinking the same thing.
“Obama always goes reckless in words and deeds like a monkey in a tropical forest” — Kim Jong Un
baggers be baggin it, cus baggers gonna bag
and don’t forget to buy that rapture insurance policy for your pets
Who knew that John and Yoko were the original baggers?
https://en.m.wikipedia.org/wiki/Bagism
Show us the birth certificate, Obama
Down another 61 rigs this week, should take out 300,000 barrels per day if they are idle for a year.
With prices falling and demand cratering, why wouldn’t they?
Remember…. Falling prices of all items is positively bullish and good for the economy.
The shame about jobs lost in a credit contraction is that they were ever created in the first place.
Obama has this dial on his desk (next to the red telephone and the button for the nukes) that directly controls gas prices
Why did he wait until six years into office before lowering gas prices?
Asked and answered several times.
It’s that time once again today. The spark has been made.
CraterRage® Photo Of The Day
http://goo.gl/KrLzzg
Bloomberg really has become a watered down useless mouthpiece for the Fed haven’t they?
They’re now void of the very thing that put them on the map. Sad.
Bloomberg is a waste of paper and pixels. I don’t bother reading any link to a Bloomberg article anymore.
This is just silly.
Mark Hulbert
Stock market risk is higher today than it was in the dot-com era
Published: Jan 9, 2015 11:11 a.m. ET
Risk-taking rises and falls with the market, which is why you should be worried right now
By Mark Hulbert
Columnist
CHAPEL HILL, N.C. (MarketWatch) — The risk of a major bear market in stocks is now higher than it’s been in years.
That, at least, is the message of an indicator that keys off the amount of risk incurred by the top-performing advisers. On average, the top 10 finishers in the 2014 Hulbert Financial Digest performance scoreboard recommended portfolios that were more than three times riskier than the stock market itself.
That is one of the highest levels to have emerged from the Hulbert Financial Digest’s more than three decades of performance tracking. In calendar 2011, in contrast, the comparable risk level among the top 10 finishers was less than a quarter as much. It’s been growing more or less steadily ever since.
What makes this trend so alarming is that the stock market has been near a major top whenever the top performers’ risk levels were at or close to current levels. In 2006, for example, the last calendar year prior to the 2007-2009 bear market, it rose to slightly higher than current levels: 3.85 times riskier than the market versus last year’s 3.32 times.
In 1999, the last calendar year prior to the bursting of the dot.com bubble, the comparable level was 2.58.
Risk-taking is correlated with the market cycle since bear markets are so punishing to those incurring lots of risk. After big market drops, when memories of recent losses are particularly fresh, relatively few advisers are willing to incur big risks. As those memories fade, however, more and more advisers venture further out on the risk spectrum.
The process keeps going until the next bear market, when this risk-taking cycle begins all over again.
…
I miss the rental life - especially this week. Just found out that the kitchen sink drain has been leaking (water, dishwasher, disposal) into the crawl space for who knows how long. So now I don’t have the LL to call and tell them to fix it.
Bet all of you are jealous of my home-moanership. Even though the house is paid off, it still sucks and is expensive. Plus, these types of issues don’t make for a stable family and marriage when everyone is angry with each other. I would love to have a UHS come clean it up and extoll all the virtues of home ownership while scooping up what looks like vomit on their hands and knees.
Keep preaching it - renting is waaay better life!!
My condolences. Fear of plumbing problems is one of the reasons I rent.
“Even though the house is paid off, it still sucks and is expensive.”
+1 Indeed, it never ends.
I just replaced a bathroom sink, faucet and drain trap assembly last weekend. The knotted hair and a white gooey paste that could induce vomiting are likely daily experiences for those “overpaid” plumbers. Joe the Plumber earns his keep.
“So now I don’t have the LL to call and tell them to fix it.”
Not having to call the LL and ask him to fix things is something I don’t miss at all. If something is wrong I fix it, when something goes wrong I can’t fix I will call someone who can.
After several calls back and forth and more than several hours my last Deadbeat LL told me I was going to have to wait 4 days for his AC guy to come over to look at the air handler that had quit in August, I had a dude there that night and took the repair cost off the next months rent. It cost him a bunch more than it should have because he wouldn’t let me call a reputable company at 3:30 PM when I called him because he “had a guy”. They charged a hefty fee to come after hours.
A lot of small stuff I took care of myself and didn’t bother handing him receipts or asking for anything for my time which really ate at me up because I knew the POS was putting $1,700 a month rent in his pocket while not paying the mortgage. It just wasn’t worth dealing with the @-hole.
Although I clearly understand all the reasons to rent, I don’t miss renting at all.
Hopefully can take care of my plumbing issue with only 2-3 trips to Home Depot tomorrow.
Called a company about cleaning up the visqueen and replacing it - rough estimate of $1400 to $1800. What a scam. Not paying them that kind of money nor am I filing a home-moaner insurance claim with a deductible of $1000.
What I miss even more than renting, was the days of 5% on my savings account when the cash I used to purchased the stupid house was making more in interest than I was paying the rent. Ah, the good ol’ days.
Agree about the plumbers earning their keep. Don’t know that I could do it day in and day out.
Government fires employee who skipped work for 24 years
14 Hours Ago
Reuters
Even in India, where government jobs are considered to be for life, A.K. Verma was pushing it.
Verma, an executive engineer at the Central Public Works Department, was fired after last appearing for work in December 1990.
“He went on seeking extension of leave, which was not sanctioned, and defied directions to report to work,” the government said in a statement Thursday.
Even after an inquiry found him guilty of “willful absence from duty” in 1992, it took another 22 years and the intervention of a cabinet minister to remove him, the government said.
India’s labor laws, which the World Bank says are the most restrictive anywhere, make it hard to sack staff for any reason other than criminal misconduct.
States, led by Rajasthan and Madhya Pradesh, have recently changed the law to make it easier to hire and fire staff, in a move welcomed by industry leaders but opposed by labor unions.
Prime Minister Narendra Modi has cracked down on rampant absenteeism by making New Delhi bureaucrats sign in at work using a fingerprint scanner. The results are publicly available online - at http://www.attendance.gov.in - in real time.
“As a graduate student during the 1980s and early 1990s at Temple and the
State University of Buffalo, Gillespie encountered the politically correct tunnel vision of what he calls “the professoriate,” which turned him away from liberalism for good
“The whole point of America — is that it’s in a constant state of becoming, constantly changing and mongrelizing. We’re doing exactly what free minds and free markets allow you to do” — Real Journalists at the New York Times
Is there some kind of pill or spray you can use to keep this Obola away from you?
Anonymous Hackers Say They’ll Target Terrorists With #OpCharlieHebdo Following Paris Attacks
By Thomas Halleck
January 09 2015 7:45 PM
The loosely organized collective of computer hackers called Anonymous has claimed its next target in a YouTube video. Called “Op Charlie Hebdo,” short for Operation Charlie Hebdo, the group says it will target “al Qaeda, the Islamic State and other terrorists.”
The video, released Thursday on the group’s Belgian YouTube account, features a person wearing a Guy Fawkes mask, which has been adopted as a symbol of the Anonymous movement. The figure then says in French that Anonymous is “declaring war against you, the terrorists.” A video watermark bears the phrase “#OpCharlieHebdo.”
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phony scandals