The Housing Bubble

Greece’s new prime minister has insisted his country will fulfil all of its loan obligations as it appointed investment bank Lazard ahead of crunch talks with the Troika.

In a statement designed to calm tensions between Greece and its creditors, Alexis Tsipras said: “I am absolutely confident that we will soon manage to reach a mutually beneficial agreement, both for Greece and for Europe as a whole.”

“No side is seeking conflict and it has never been our intention to act unilaterally on Greek debt” he added.

http://www.telegraph.co.uk/finance/economics/11381533/Angela-Merkel-rules-out-debt-cancellation-for-Greece.html

I don’t think Frau Merkel has read that script.

Angela Merkel has ruled out the prospect of Greece securing further debt cuts from its creditor nations, potentially putting the country’s new leftist government on a collision course with Brussels. The German chancellor’s uncompromising stance will not be welcomed in Athens, where the new ruling party, Syriza, insists that it will make good on its promises to halve the country’s €320bn (£240bn) debt obligations and scrap a range of swingeing budget measures that were imposed in exchange for the loans.

Athens is refusing to cooperate with the European Commission, European Central Bank and International Monetary Fund – the troika of institutions overseeing the loans, which total about 175% of Greece’s gross domestic product. Instead its new government is looking to meet with individual creditor nations as it seeks concessions that it claims are vital if Greece is to emerge from years of austerity.

http://www.theguardian.com/world/2015/jan/31/greece-collision-course-eurozone-hardline-merkel-syriza

Is the worst over by now for China’s slowing economy?

Drudge Report link written by real journalists at the Washington Post

It’s gonna be Jeb!

http://www.washingtonpost.com/politics/jeb-bush-has-become-the-gop-front-runner-for-2016–so-now-what/2015/01/31/0105ca68-a96e-11e4-a06b-9df2002b86a0_story.html

Forward

Is the financial pain due to the recent oil price collapse fully realized by now?

How about them Treasurys?

Who’s the Wall Street favorite candidate in the 2016 race?

The most transparent administration in history

“At the Democratic Party’s political retreat last week, Party officials were so worried about rumors and leaks and so devoted to security that staffers were required to accompany reporters to and from the bathroom.

According to a report in Politico, reporters were also barred from entering the event hotel during times when open panels and open meetings were not being held, even if invited by a member.

“During Vice President Joe Biden’s remarks at the retreat Friday, reporters were required to have a staff member, usually a junior member of the press team, escort them when going to the bathroom or to the lobby,” Politico reported.

Democrats also set the media filing center at a completely separate hotel so that members of the media would be far from the event hotel for as much time as possible.

“It was a police state. It was absurd how heavy handed the capitol police and Democratic staff were in trying to control everywhere the press went,” New York Times reporter Jeremy Peters said.

http://www.breitbart.com/big-government/2015/01/31/democrat-staffers-escort-reporters-to-restrooms-at-party-retreat/

Sigh, forward

Maryland List Prices Down 2% Statewide In 2014

http://www.zillow.com/md/home-values/

CraterRage® Photo Of The Day

http://goo.gl/OvCynf

“The Housing Bubble Started in 1979: The 3 Stages of the Housing Bubble. From Birth to Bust. Housing Collapse is 30 Years in the Making”

http://www.mybudget360.com/the-housing-bubble-started-in-1979-the-3-stages-of-the-housing-bubble-from-birth-to-bust-housing-collapse-is-30-years-in-the-making/

We just recently witnessed the final blowoff of the housing fraud.

The comments to this report show a bit of skepticism:

‘The median house price on the Santa Barbara South Coast increased by a whopping 18.6 percent last year, jumping from $945,000 to $1,120,500 and topping $1 million for the first time since 2008. At the start of 2013, the median price stood at $795,000, which means sales figures skyrocketed 41 percent in just two years.’

‘The Santa Barbara Association of Realtors published those numbers and others last week in its annual Real Estate Year in Review. “Home values have appreciated, plus more high-end homes have sold in 2014, causing this significant increase in the median,” explained Kalia Rork with Berkshire Hathaway HomeServices California Properties’

Comments

‘Let’s pretend this is the result of an improving economy and not just a re-bubble caused by massive money printing and Federal Reserve direct intervention in real estate.’

‘Despite the fact the through Quantitative Easing the Federal Reserve purchased over $2 Trillion of toxic mortgage backed securities, although technically bankrupt, the FHA lowered insurance rates and reduced down payments to 3%, and the Federal Mortgages agencies which were largely responsible for the very recent bubble, expanded their market from the $417K conforming loan up to a $729K conforming loan.’

‘The Federal Govern-bank simply answered the collapse of the bubble by engineering a new bubble. It will also collapse when economic conditions change.’

Another:

‘please see attached chart that backs up your Fed accusations. The average person has no idea what a massive bubble that asset prices are experiencing. They mistakenly believe that things are back to normal. Fed bubbles end badly and dollar QE ended in October. The Fed took away “hope and changes” punch bowl.’

http://research.stlouisfed.org/fred2/series/AMBNS

And another:

‘QE raised the 1% into a position of great power beyond what they were before the crash. Sure, they were powerful before that, but the markets would have wiped out much of their wealth and power because they had taken too much risk out of greed. The markets did what markets are supposed to do when there is over speculation, they crashed taking the risky bets off the table. This would have been good for the economy in the long run because the workforce would have shifted from scam jobs to more productive ones. But the Fed took the liberty of covering all the bad bets enslaving us to an entire economy of perpetual scams. The jobs that have been created as a result of QE won’t contribute to productivity. I’m sure some SB folks know what it’s like to work for the rich. Tremendous amounts of the workforce end up wasted on completely useless endeavors.’

And:

‘QE is pure evil. First of all, criminals pulled trillions out of the real estate bubble with MBS and credit default swaps. The Fed wrote a blank check to the criminals creating the moral hazard which makes criminal economics the new American way. The big scam is now the one and only way to be successful in this country.’

‘Second, the Fed completely undermined democracy by making a huge left turn from it’s usual business and directly taking over the real estate market. The Fed was created to control money supply, not real estate supply. They effectively created an artificial shortage in real estate by buying up $2 Trillion worth of MBS in addition to the bail outs. By manipulating the real estate market directly, the Fed is manipulating politics, effectively determining who gets elected. In a word, it’s treason. People have been hanged for less.’

Wow Janet, looks like average people have caught onto your little game.

FreddieMac: “A Reminder of the Corruption That Helped Birth the Biggest Bailout in History”

http://financialservices.house.gov/blog/?postid=343018

To what end? It failed. Fraud, graft, corruption and millions subjected to a lifetime of mortgage slavery.

While you degenerate gamblers were counting imaginary cash at the table, the rest of us were counting actual cash while reading this. You’re screwed.

“U.S. Housing Market Important Data that Financial Media Ignored”

http://www.marketoracle.co.uk/Article40586.html

Is this the police officer’s fault or the “No More Hesitation” training he received, or the “If you see something say something” Loon who called it in?

Feel free to choose any or all.

Cop Pulls Gun On Teens Having Snowball Fight

Posted on 1 February 2015

In a video uploaded by New Rochelle’s Talk of the Sound, a New York police officer can be seen holding several teens at gunpoint after being called out for a disturbance which turned out to be a snowball fight earlier this week.

In the video, the officer can be seen pointing his weapon at the kneeling teens, telling them “Don’t f*cking move, guys,” as he approaches them while speaking into his shoulder-mounted radio mic.

As the officer frisks a teen with one hand, while pointing his gun with the other, the young woman filming the encounter on her cell phone explains what led up to the incident.

“They were having a snowball fight,”she explains.”This group of guys was having a snowball fight and now a cop has a gun on them.”

According to LiveLeak, Talk of the Sound — whose server crashed due to traffic over the video — has an additional video showing the cop releasing the teens and sending them on their way.

Talk of the Sound has reported that they were told that the police were responding to call reporting a gun, but were unable to get confirmation from the New Rochelle Police Department.

Watch the video below, uploaded by LiveLeak:

wakeupfromyourslumber.com/cop-pulls-gun-on-teens-having-snowball-fight/ - 52k -

‘The Huffington Post explored why President Obama told House Democrats this week not to read the liberal media outlet, which blasted his trade agenda. Obama’s advice came just before his own blog post on his blueprint for middle-class economics went up on the same site.’

“The fact that president Obama’s got so worked up over analysis of the HuffPost criticizing his trade agenda, I think that it says something,” HuffPost Live quoted Global Trade Watch research director Ben Beachy as saying Friday. “I think what it says is Obama is having to reckon with the difficult reality that his trade agenda directly conflicts with and undermines his stated middle class economics agenda.”

‘Beachy disagreed that the TPP deal would result in more jobs, and argued it could instead lead to a lower pay for workers who earn less than $80,000.’

‘The deal would add “more offshoring incentives, which means a loss of manufacturing jobs,” Beachy said. “Since NAFTA [North American Free Trade Agreement], nearly 5 million manufacturing jobs have been lost. Workers that are displaced have had to take pay cuts working retail, in restaurants, and that is increasing inequality … The increasing inequality would outweigh any tiny economic gains for the median worker, and nine out of 10 of us … would actually get a pay cut from the TPP,” he said.’

‘”In an op-ed earlier this month, Secretary of State John F. Kerry claimed, “Estimates are that the TPP [Trans-Pacific Partnership] could provide $77 billion a year in real income and support 650,000 new jobs in the U.S. alone.”

‘The Washington Post’s Fact Checker columnist Glenn Kessler advised readers against believing in the claim.’

“Our advice remains: be wary whenever a politician claims a policy will yield bountiful jobs. In this case, the correct number is zero (in the long run), not 650,000, according to the very study used to calculate this number. Administration officials earn Four Pinocchios for their fishy math.”

BTW, on the morning after the recent elections, NPR was running tape with the President and Mitch McConnell with both saying they would quickly move on this trade deal. The globalists own DC.

Here’s Some Frightening Honesty (Courtesy Of The US Congress)

It doesn’t’ take a rocket scientists to figure out what a bankrupt government will do—just like any thief, they’ll go after easy targets first

by Simon Black | Sovereign Man blog | February 1, 2015

A member of my staff caught an obscure resolution that was introduced in the US House of Representatives last week—Resolution no. 41.

The fact that there was essentially no coverage of this Resolution really shows how the mainstream media is completely turning a blind eye to the true fiscal situation of the United States of America.

The entire point of the resolution is to say that the federal government is broke.

It can’t pay its own bills, and therefore is shouldn’t be responsible to pay anyone else’s either.

The easiest target of all is future generations.

They’re going to run up the debt as high as they can, which essentially means pulling future tax revenues into today. It’s the easiest tax of all, because unborn children do not vote.

The estate tax is another one to watch out for—because, like unborn children, dead people don’t vote either.

We had a great podcast yesterday about retirement savings, where there’s an easy $5 trillion treasure chest for them to raid.

And, of course, there’s the greatest tax of all, the inflation tax, which decreases the standard of living for most of the population as the cost of living rises much faster than incomes.

This Resolution is a pretty scary dose of honesty. But again, what’s even more concerning is that it was just ignored and has objectively a zero percent chance of passing.

I do encourage you to check it out though—even the government is admitting it’s finished.

I’ll quote from the Resolution now without comment and wish you a very pleasant weekend:

Whereas the Federal Government is operating at an annual deficit and is increasing its outstanding debt every year;

Whereas the Federal Government, as of January 2015, is carrying more than $18.0 trillion in debt, of which $13.0 trillion is owed to the public and $5.08 trillion is owed to Social Security and other trust funds;

Whereas foreign governments, individuals, and corporations as of October 2014 own 47 percent of Federal debt held by the public;

Whereas Social Security’s unfunded liabilities in 2014 are $10.6 trillion over 75 years and $24.9 trillion over the infinite horizon;

Whereas the Federal debt held by the public is expected to increase by more than $7 trillion from 2014 to 2024 according to the Congressional Budget Office;

Whereas more than 16 percent of the entire Federal budget goes directly to States and local governments;

Whereas more than 22 percent of total State and local government general revenue comes from the Federal Government according to Census Bureau’s latest Annual Survey of State and Local Government Finance;

Whereas several State and local pension plans are expected to fully exhaust their funds within ten years.

Antioch, CA Sale Prices Plunge 12% In 2014 As Housing Correction Resumes

http://www.zillow.com/antioch-ca-94509/home-values/

And another bit of excess unwinding:

‘Deere will lay off about 910 workers indefinitely from factories mostly in Iowa and sideline another 500 employees in Illinois until late summer, as the agricultural equipment maker continues its adjustment to demand for its products. The world’s biggest farm equipment maker said last fall that it expected its farm equipment sales and profits to fall in the new fiscal year. Falling commodity prices and lower farm income have hurt companies like Deere, which employs about 29,000 people in the United States and Canada and around 60,000 globally.’

‘August 19, 2014 Farmland Price Outlook in 2014 and Beyond. Farmland prices have increased dramatically during recent years. The National Agricultural Statistical Service (NASS) - an agency of the US Department of Agriculture - reports cropland values for many U.S. states (click farmdoc daily August 15, 2014 for an Excel worksheet with data). According to NASS, the average cropland value in Illinois increased from $3,640 per acre in 2006 to $7,700 per acre in 2014 representing an increase of 212% or a 9.58% continuously compounded annual growth rate.’

‘Recent commodity price declines have led to increasing concerns that farmland prices could decline as a result of potential decreases in income to farmland. Corn prices, for example, have decreased from over $5.00 per bushel during the summer of 2013 to prices in the mid-$3.00 range during the summer of 2014 reflecting expectations of large yields. During the first half of 2014, farmland values appear to have stopped increasing rapidly,, with some reports of small decreases and softening demand.’

‘The average selling price for an acre of vacant farm land in Marion County increased from $3,518 in 2010 to $3,927 in 2011 and $4,934 in 2012, according to the county auditor’s office. That’s a 40 percent increase during a three-year period.’

“For several years the farmers made some good money,” he said. “The corn market has dropped off 40 percent, but so far for some reason it hasn’t affected the farm land values. But there’s a lot of people sitting there with cash. Investors can’t make money in CDs, so you have those people buying now. … But farmers have bought most of the land.”

‘Leslie concurred with Boblenz’s observation, saying farm land prices shot up “because grain prices doubled in those periods of time. If grain prices that last three, four years were almost at an all-time high, and guys were making more money and everybody’s getting greedy and wants to buy more ground. Basically, it became a bidding war.”

‘Non-farmers buying the land as an investment contributes to keeping the price high, he said.’

‘Boblenz “hit the nail on the head. There are a lot of people now who just invest in farm land because the value has gone up so much,” Leslie said. “There may be an auction in Marion County, and somebody may buy it and nobody knows who it is. It might be some investor from Florida. Farmers aren’t just competing against farmers anymore to buy ground. There’s all sorts of outside buyers. It’s just a spike right now because of all the profitability.”

Yes! Yes! Tax those evil companies! Nod, wink, chuckle.

“It’s a very clever basic exploitation of the lack of economic understanding of the American voter.”

Obama Said to Seek 19% Global Minimum Tax to Aid Road Fund

by Richard Rubin and Jonathan Allen
7:07 PM EST
January 31, 2015

(Bloomberg) — President Barack Obama will propose that U.S.-based companies pay a minimum 19 percent tax on their future foreign earnings, capturing profits that are now often beyond the government’s reach.

Obama will also seek a 14 percent mandatory tax on about $2 trillion in stockpiled offshore profits, said two people familiar with his budget proposals, declining to be named because the document won’t be made public until Feb. 2. Companies would pay that tax regardless of whether they bring the money back to the U.S., the two said, creating a revenue stream the president would use to pay for roads, bridges and other infrastructure projects.

Obama’s latest proposals add new details to the administration’s efforts to revamp the U.S. business tax system. The issue has been stalled in Congress, though lawmakers of both parties say they see potential room for agreement on business taxes.

In one sense, Obama is offering U.S. companies the kind of system they have sought — one with lower corporate marginal tax rates and with future foreign profits subject to little or no extra U.S. tax when brought home.

However, he’s offering to do so on terms that are less favorable than companies would want, with rates that could mean significant tax increases for companies that have been shifting profits to jurisdictions such as Bermuda and Ireland and paying less than 10 percent on their foreign profits.

“The basic outline of a deal on the most important component of corporate tax reform is falling into place,” said Ed Kleinbard, a tax law professor at the University of Southern California who has criticized the current system that often lets companies avoid paying taxes anywhere.

http://www.bloomberg.com/news/articles/2015-02-01/obama-said-to-propose-taxes-on-foreign-earnings-offshore-profit
——————————————————————-

Jonathan Gruber
November 5, 2012 speech at Rhode Island University.

“Until a second Massachusetts hero arose, John Kerry. John Kerry said no, no we’re not going to tax your heath insurance, we’re going to tax those evil insurance companies. We’re going to impose a tax that if they sell health insurance that’s too expensive, we’re going to tax them. And conveniently the tax rate will happen to be the marginal tax rate on the income tax code. So basically it’s the same thing: we just tax insurance companies, they pass on higher prices that offsets the tax break we get into being the same thing. It’s a very clever basic exploitation of the lack of economic understanding of the American voter.”

Region IV

ok - I have to confess I have not listened to any of these yet, the operative being YET. There is one in here by Sheryl Atkinson - that is the one i am watching first.
Happy Super Sunday there HBB’ers.

http://www.hillsdale.edu/outreach/cca/iii?utm_campaign=CCA+Promotion&utm_source=hs_email&utm_medium=email&utm_content=15702801&_hsenc=p2ANqtz–Nhp7cGy2cPhKQXHNxeqH3rZxiLry3lA5aFXX4UEIByLqw5u81raywj1vFJNA8IbhyTpizc_c001iRcG8i1iM5evv8tg&_hsmi=15702801#email1

The numbers don’t lie, they’re both losers.

Who wins Super Bowl of housing? Seattle or Boston

Diana Olick | @diana_olick
Friday, 30 Jan 2015 | 7:00 AM ETCNBC.com

Talk all you want about deflated footballs and inflated ticket prices, the real competition worth watching is in housing. Seattle and Boston are two of the nation’s hottest housing markets, and while many of their stats are similar, some aspects are winners, some losers.

Running the basics, per the U.S. Census, RealtyTrac and Redfin:
The Super Bowl of real estate

BOSTON SEATTLE
629,182 Population 652,405
31 Median Age 36
69% Employment rate 73%
$53,601 Median Household Income $65,277
273,118 Total Housing Units 309,205
$371,000 Median SF Home Value $433,800
34% Home Ownership Rate 47%
802 Properties in foreclosure 1,743
$1,281 Median Rent $1,091
43.76 inches Average Annual Rainfall 34.1 inches
44 inches Average Annual Snowfall 6.8 inches

Suorce: U.S. Census, RealtyTrac and Redfin
Seattle, Washington (L) and Boston, Massachusettes (R)
Wolfgang Kaehler (L) | Scott Eisen (R) | Getty Images
Seattle, Washington (L) and Boston, Massachusettes (R)

So clearly, given incomes and home prices, it’s slightly more affordable to buy a home in Boston, but it’s far more expensive to rent. The vacancy rates are the same in both cities. For those of you who love older homes, Boston is a winner because nearly two-thirds of the homes there were built before 1960, compared to just half of Seattle homes.

Who wins Super Bowl of housing? Seattle or Boston - CNBC.com
http://www.cnbc.com/id/102376706 - 138k -

Why do Realtors™ keep serving up the same tired canards over and over again? Can’t they come up with some new canards for a change?

Region VIII

Quiz for the day - who said the following:

“The ease and safety with which this operation [inflating the currency] can be conducted at the start is apt to induce the belief that it can be employed to an unlimited extent. And the fact that this belief can be acted on without instantaneous punishment renders it dangerous.”

Mises? Von Hayek? Rothbard? No: John Maynard himself.

After reading just one volume [#XVI, dealing with the Versailles Peace Conference] of his massive body of work, I’m coming to the conclusion that Keynes himself would not agree with what is being labeled Keynsianism today [ie Krugman]. In fact, I found many instances of Keynes’ thought lining up much more closely with what is considered to be libertarian economic thought today. Maybe that’s due to the entire economic landscape shifting a great deal compared to 90+ years ago.

I haven’t read *General Theory…* yet but it’s on my list. This was written much later than Versailles so maybe his opinion changed over time?

Some interesting perspective at Salon. Enjoy!

How America will collapse (by 2025)
http://www.salon.com/2010/12/06/america_collapse_2025/

Is the stock market turmoil over for 2015?

By Laura Barron-Lopez - 01/20/15 09:14 PM EST

President Obama declared climate change the greatest threat to the future during his State of the Union address Tuesday night.

“And no challenge — no challenge — poses a greater threat to future generations than climate change,” Obama said.
——————————————————————————-
The UN “disappears” 50 million climate refugees, then botches the disappearing attempt

Anthony Watts / April 15, 2011

Hoo boy, government bureaucratic idiocy at its finest. Not only is the original claim bogus, the attempts to disappear it are hilariously inept. Apparently, they’ve never heard of Google Cache at the UN. Rather than simply say “we were wrong”, they’ve now brought even more distrust onto the UN.

Back on April 11th, Gavin Atkins of Asian Correspondent asked this simple question:
What happened to the climate refugees?

It is a valid question, and he backs it up with census numbers. Here’s the first part of his story:

==============================================================

In 2005, the United Nations Environment Programme predicted that climate change would create 50 million climate refugees by 2010. These people, it was said, would flee a range of disasters including sea level rise, increases in the numbers and severity of hurricanes, and disruption to food production.

The UNEP even provided a handy map. The map shows us the places most at risk including the very sensitive low lying islands of the Pacific and Caribbean.

It so happens that just a few of these islands and other places most at risk have since had censuses, so it should be possible for us now to get some idea of the devastating impact climate change is having on their populations. Let’s have a look at the evidence:

Bahamas:

Nassau, The Bahamas – The 2010 national statistics recorded that the population growth increased to 353,658 persons in The Bahamas. The population change figure increased by 50,047 persons during the last 10 years.

St Lucia:

The island-nation of Saint Lucia recorded an overall household population increase of 5 percent from May 2001 to May 2010 based on estimates derived from a complete enumeration of the population of Saint Lucia during the conduct of the recently completed 2010 Population and Housing Census.

After Asian Correspondent posted the story on April 11th, it was picked up by news outlets around the world such as Investor News, American Spectator and was cited in the Australian newspaper. It was also a report on Fox News.

Since that story appeared, the “handy map” he cites in his original story, which has this URL:

http://maps.grida.no/go/graphic/fifty-million-climate-refugees-by-2010

…seems to be gone down the memory hole. This is what you get now, note my yellow highlight:

Only one small problem there UN people, a little annoyance called Google cache, which has that page archived here.

It pulls up this page that had been removed, with the 50 million refugees title, but the map is missing. Click to enlarge.

Fear not dear readers, because as astoundingly smart as those UN people think they are, they forgot one very important yet tiny detail. The map links to a hi-resolution version of the “climate refugee map” and if you delete the page above and the map it contains, you also have to delete the hi-res image it links to.

http://maps.grida.no/library/files/storage/11kap9climat.png

Ooops.

I’m always happy to help the UN in times of “need”, sooooo I’ve recovered it and saved it here on WUWT, because that image link is likely to go down the memory hole on Monday.

Here’s the map at web resolution as it would have appeared in the disappeared web page above.

UNEP map, Emmanuelle Bournay

And here it is in full sized hi-resolution glory, suitable for printing, slides, or coffee mugs…wherever it might be appropriate to show the folly of these boneheads. Click the link for the hi-res image:

11kap9climat.png 3012 x 1699 pixels PNG (577K)

And there you have it folks, another bogus climate claim rubbished by reality, followed by an inept cover up attempt.

Thanks to the reality of census numbers, followed by the UN’s handling of this, we can now safely say that the claim is “climate refugees” is total fantasy. Be sure to leave comments on any website that makes this claim, and link to this and the Asian Correspondent website.

wattsupwiththat.com/…/ - 547k -

Canada’s housing bubble now poses a systemic risk to the nation’s financial system as the plunge in oil prices threatens to burst the shale oil bubble.

http://wolfstreet.com/2015/02/01/oil-bust-socks-it-to-canada-job-losses-pile-up-housing-bubble-banks-at-risk/

http://www.independent.co.uk/voices/comment/what-i-learnt-about-inequality-after-spending-time-with-some-of-the-richest-people-in-the-world-10016438.html

So what are the super-rich: are they bastards? Are they, as Hemingway put it, just like us, but with “more money”? Are they going to save us? Destroy us? Are they corporate psychopaths who’ve channelled their murderous impulses into making money, not serial killing? Or are they lonely and needing love, but trapped in a gilded cage of Bentleys and Lear Jets?

No, none of the above. I spent 6 months with them for a show I made for the BBC, called The Super-Rich and Us. I travelled to various castles and penthouses all over the world. I was greeted by sportswear multi-millionaire Sir Tom Hunter in his vast manicured grounds with “Hello! My favourite champagne Socialist!” (a little more champagne and less socialist, thanks very much).

Currency War Claims Another Casualty: Denmark sprang a rate-cut surprise last week; the central bank will now charge you 0.5 percent for the privilege of having kroner on deposit

http://www.bloombergview.com/articles/2015-02-01/guess-who-the-next-casualty-of-the-currency-wars-is-

Witness protection plan needed for Seahawks offensive coordinator.

Nature is an anarchist.

It has no rulers, just rules.
Look at the cloud patterns.
In chaos, there are rules.
Gravitation, acceleration,
evaporation, condensation.

Look at the birds.
They have no rulers, just rules.
Eat, attract, reproduce, eat.

Rock bands are anarchists.
They have no rulers, just rules.
They have to have a melody and beat
to attract.
They have to be original. They have
to be different from other bands.

Families are anarchists.
They have no rulers, just rules.
The head of the household knows what’s best
to nurture the young before they branch out.
The young know the older ones have the wisdom
from experience and acquieesce until they
are sure they are mature enough.

Your career is anarchist.
You decide who you want to work for,
but you always work for yourself. You
leave for a better opportunity when it
happens. No group forces you to workl for it.

Your personal finance is anarchist.
Even if you use a financial advisor, you
still made a choice and decide whether or
not to take that advice. It’s your rules.
There are no rulers in personal finance.

You are an anarchist. But not on voting day if you vote.
You just do not realize it.

phony scandals