April 24, 2015

Bits Bucket for April 24, 2015

Post off-topic ideas, links, and Craigslist finds here.




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263 Comments »

Comment by Housing Analyst
2015-04-24 02:53:32

San Leandro, CA Sale Prices Plunge 21% YoY; Foreclosures Skyrocket

http://www.zillow.com/san-leandro-ca-94577/home-values/

 
Comment by Muggy
2015-04-24 03:29:59

Answering my own Q’s:

1. How will the next bubble pop?
Prices get too damn high.

2. When?
I’m calling peak 2.0 Spring 2015 (now)

3. Will it be longer or shorter?
Longer. The fed is committed to fighting it, and the people have committed to loving “owning” a house til death do them part.

4. Are you going to buy?
Maybe. Maybe not. I’ll always run the rent/buy calc

5. Did bubble 2.0 f____ up your bubblesit?
If my LL had not renewed, yes. Thankfully we are in a good situation.

6. Has bubble 2.0 altered any of your medium-to-long-term plans?
Yes. We’re possibly considering a smaller house (pre-downsizing).

7. What will the fed do to prevent this?
Everything they can… things they haven’t even thought of yet. Look for another first-time home buyer credit, say… Spring 2016

8. Will they succeed again?
Absolutely. Housing is cocaine for politicians and FIRE.

Comment by Bill, just south of Irvine
2015-04-24 05:43:34

I thought the bubble would pop in 2012. It didn’t.

The Feds are buying time while building up Fema camps and militarizing the police. Military exercises in American cities have been reported several times. They are predicting the bubble to pop soon.

Comment by Professor Bear
2015-04-24 06:05:00

What role do military camps have in the saga?

Comment by Raymond K Hessel
2015-04-24 06:13:38

I don’t know, but the prison-industrial complex and its insatiable apppetite for slave labor means more ‘Muricans can count on being incarcerated and generating profits for their corporate overlords.

http://america.aljazeera.com/articles/2015/4/23/doj-report-slams-west-texas-prison.html

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Comment by OliverGarchy
2015-04-24 07:24:33

We can do much better. Many more criminals still could be caught. And we can incarcerate them at a much cheaper rate. The whole thing is terribly inefficient.

Prison labor competes with unions and illegals.

 
Comment by Albuquerquedan
2015-04-24 10:53:14

Prison labor competes with unions and illegals.

There are a lot of union leaders and illegals in prison. Think of the irony.

 
 
Comment by rms
2015-04-24 06:33:03

“What role do military camps have in the saga?”

Drab condos with concierge?

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Comment by MacBeth
2015-04-24 07:40:39

A long time ago, a poster here stated a belief that tomorrow’s down and out oldsters will deliberately commit crimes that land them in jail.

All to get three squares and a roof.

Today’s jails. Tomorrow’s housing.

 
Comment by inchbyinch
2015-04-24 07:51:34

The best part of 3 hots and a cot is free dental and medical.

 
Comment by MacBeth
2015-04-24 08:15:48

That, too!

Library, gym and manicured lawn also await.

And, if you have enough oldsters in a given pen, you might end up with a fairly civilized paid-for imprisonment.

 
Comment by Prime_Is_Contained
2015-04-24 08:48:38

And, if you have enough oldsters in a given pen,

But there’s the rub: prior to achieving that critical mass, the oldsters in question might find that the animals at the zoo make it a bit less of an appealing proposition than anticipated…

 
Comment by Albuquerquedan
2015-04-24 12:07:39

The best part of 3 hots and a cot is free dental and medical.

In California, the medical comes with a free sex change.

 
Comment by Raymond K Hessel
2015-04-24 15:51:29

It’s a myth that prisoners can count on decent medical and dental care in prison. In recent years, especially at private prisons, medical care is minimal, beyond trying to force inmates to take psychiatric drugs to dope them into docility.

 
 
Comment by Bill, just south of Irvine
2015-04-24 07:02:45

Rioting in the streets when people’s stucco box values drop by more than 70%. Martial law. Then prison camps.

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Comment by ibbots
2015-04-24 07:40:54

‘Rioting in the streets when people’s stucco box values drop by more than 70%. ‘

You may be underestimating people’s tolerance for this sort of thing. It would take a very significant disruption to people’s health and safety to get more than a few people out of their houses and into the street.

Recently, here in the DFW area, there was a complete recall of Blue Bell dairy and ice cream products requiring all products be removed from store shelves. While there were reports of some unrest, no widespread rioting occurred.

 
Comment by In Colorado
2015-04-24 09:08:26

No one rioted during the last crash and the Occupy Wall Street crowd were laughed at into oblivion.

People won’t riot simply because they fear losing what they have left.

 
Comment by rms
2015-04-24 12:56:31

“People won’t riot simply because they fear losing what they have left.”

Yep, that cheese sho-b-goo.

 
Comment by Raymond K Hessel
2015-04-24 15:53:32

95% of the electorate bent over and grabbed their ankles for Wall Street during the last two elections. In 2016 they’ll do the same. People this docile and stupid don’t riot.

 
 
 
Comment by OliverGarchy
2015-04-24 06:39:46

Bill, unless you are being sarcastic or joking, you need to get off the internet.

Comment by Albuquerquedan
2015-04-24 07:11:08

But we need a dictatorship to save us from climate change:

http://wattsupwiththat.com/2015/04/23/claim-democracy-creates-climate-change-paralysis/

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Comment by OliverGarchy
2015-04-24 07:31:16

Julius Ceasar was good for the people of Rome.

 
Comment by Albuquerquedan
2015-04-24 15:12:13

Apparently, not everyone agreed or he would not had difficulties with his Senate. They were more than disrespectful to him.

 
 
 
Comment by rj chicago
2015-04-24 07:41:10

Not sure what all this is about - but here is a comment from a Denver resident about exercises taking place down near Chatfield Reservoir……

JADE HELM 15 Reader Response
April 23, 2015Financial Markets, U.S. EconomyJade Helm 15, martial law, military policeadmin Joint Assistance For Deployment and Execution – Homeland Eradication of Local Militants

I listened to your interview on JADE HELM 15 (link). A couple of points, I too saw the train just off Santa Fe near 470. I was so stunned I pulled over just to soak it in. I tried to take a video but my phone died. There had to be at least a couple hundred tanks on the train.

The second thing. There have been a huge number of double propeller military helicopters flying around Chatfield Reservoir for the last few weeks. On Sunday they were even parachuting out of them.. Full on green military parachuted. It was crazy. It’s gotten to the point that my six year old son pointed it out the other day while we were driving. I would guess they are running some kind of drill every weekend. I take a video next time I see them and send it to you.

– “Brian M” – Littleton, Colorado

Note: Chatfield Reservoir is a huge reservoir near the foothills in the southwest suburbs of Denver surrounded by large fields.

 
 
Comment by Tarara Boomdea
2015-04-24 15:51:27

#5 - I’ll get my answer soon.

House next door sold in record time. The new owners have stopped by a few times and were screaming back and forth to each in a language other than English. To me, people shrieking in foreign languages sound like fingernails on a chalkboard. My daughter (23) looked at me like I’m scum because I expressed dismay.

Ah, it may be time to go anyway. At a local store yesterday, one little darling on a bike almost ran me over (her bike, not a new purchase; her family felt was okay to bring it into the place and let her ride it through the aisles.) They didn’t apologize; I don’t think they spoke English. No biggie. In that store, therapy dogs come with spiked collars and thick, choke chain leashes.

Comment by Muggy
2015-04-24 20:14:22

Lordy, where do you live?

When I flew to CA last fall, I threw a fit to be moved to another seat, away from a man with a pitbull therapy dog.

Comment by Tarara Boomdea
2015-04-24 22:03:56

Central Las Vegas. We wanted to be near UNLV so my daughter would have a very short ride to school (mildly Asperger’s, very anxious, a little shaky driving.) It’s convenient for my husband, too, a less than 10 minute commute to work.

Moved here from NYC; it’s good that I’m not easily offended or shocked. I am often disgusted. The therapy dog thing cracks me up.

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Comment by bungabunga
2015-04-24 04:55:05

Obama drones and kills.

What’s the punishment? A Nobel Peace Prize perhaps?

Comment by Sheldon Kristol
2015-04-24 05:39:25

Obama is a coward using drones to conduct American foreign policy.

A real leader would have put boots on the ground in Syria, Iraq, Ukraine, and Iran by now.

Comment by butters
2015-04-24 07:29:43

How about be a little brave and fight with bare hands?

Comment by butters
2015-04-24 07:30:47

Or with beer in hands?

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Comment by Albuquerquedan
2015-04-24 07:53:33

Obviously not a fan of Obama but I think Patton had it right, what did he say something like: the object is not to die for your country but to get the other poor sob to die for his.

 
 
Comment by Califoh20
2015-04-24 09:32:07

+1 that would show them!! lol!!

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Comment by rj chicago
2015-04-24 07:42:25

Ummmm…..we killed some folks.

 
 
Comment by bungabunga
2015-04-24 04:58:15

Why’s Wall Street be so racis?

Another Indian, Navinder Sarao charged with flash crash. Oh ya what a system, one person can crash it. The lunacy…..{smh}

When are you actually putting some white people and chosen people in prison?

Comment by Raymond K Hessel
2015-04-24 05:30:50

Better yet, put the incompetent or co-opted regulators in prision. They are the true enablers of crony capitalism (aside from the brain-dead 95% of the electorate that votes in Wall Street water carriers election after election).

http://www.zerohedge.com/news/2015-04-24/crash-boys-michael-lewis-slays-regulators-sarao-scapegoating-debacle

“One day while Sarao is busy trying to trick the U.S. stock market into falling, the market collapses, more sensationally than it has ever collapsed. And instead of digging some hole in Hounslow in which he might hide for a decade or so, or fleeing to Anguilla, where he has squirreled away his profits, he stays in his parents’ home and keeps right on spoofing the U.S. stock market — and then is shocked when people turn up to accuse him of wrongdoing. He’s not some kind of exception to the standard operating procedure in finance. He’s a parody of it.”

Comment by OliverGarchy
2015-04-24 07:33:59

You could end most of the problems tomorrow by enacting a 5 year ban on government employees being involved in any way with their agency once they leave. Easy solution and everyone knows it.

Comment by X-GSfixr
2015-04-24 08:26:28

It already applies in some parts of the government.

FAA guys can’t do oversight on their former employers for (as I recall) two years

Guy I worked with who went to work for the FAA was telling me a while back how they had to rearrange the inspectors based out of his office, because the new guy had worked for the locally based airline, and he wasn’t allowed to do any oversight of them. So the other guys in the office had to pick it up.

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Comment by phony scandals
2015-04-24 05:00:17

“For select conservative families across five counties, this was the terrifying moment — the moment they felt at the mercy of a truly malevolent state.”

“As if the home invasion, the appropriation of private property, and the verbal abuse weren’t enough, next came ominous warnings. Don’t call your lawyer.”

“Don’t tell anyone about this raid.”

“Not even your mother, your father, or your closest friends.”

by David French April 20, 2015 4:00 AM
From the May 4, 2015, issue of NR

They came with a battering ram.

Cindy Archer, one of the lead architects of Wisconsin’s Act 10 — also called the “Wisconsin Budget Repair Bill,” it limited public-employee benefits and altered collective-bargaining rules for public-employee unions — was jolted awake by yelling, loud pounding at the door, and her dogs’ frantic barking. The entire house — the windows and walls — was shaking.

She looked outside to see up to a dozen police officers, yelling to open the door. They were carrying a battering ram.

It was indeed a home invasion, but the people who were pouring in were Wisconsin law-enforcement officers. Armed, uniformed police swarmed into the house. Plainclothes investigators cornered her and her newly awakened family. Soon, state officials were seizing the family’s personal property, including each person’s computer and smartphone, filled with the most intimate family information. Why were the police at Anne’s home? She had no answers. The police were treating them the way they’d seen police treat drug dealers on television.

Yet no one in this family was a “perp.” Instead, like Cindy, they were American citizens guilty of nothing more than exercising their First Amendment rights to support Act 10 and other conservative causes in Wisconsin. Sitting there shocked and terrified, this citizen — who is still too intimidated to speak on the record — kept thinking, “Is this America?”

“Most Americans have never heard of these raids, or of the lengthy criminal investigations of Wisconsin conservatives. For good reason. Bound by comprehensive secrecy orders, conservatives were left to suffer in silence as leaks ruined their reputations, as neighbors, looking through windows and dismayed at the massive police presence, the lights shining down on targets’ homes, wondered, no doubt, What on earth did that family do?”

Read more at: http://www.nationalreview.com/article/417155/wisconsins-shame-i-thought-it-was-home-invasion-david-french

Comment by Raymond K Hessel
2015-04-24 06:16:43

These same “conservatives” no doubt voted for Bush, McCain, and Romney, all of whom have trampled on the Constitution. I have no sympathy. Let them get a good dose of officialdom run amok and see how it suits them.

Comment by Sheldon Kristol
2015-04-24 06:22:25

Don’t you just hate it when “smaller government” and “lower taxes” kick down your door and shoot you in a no-knock raid?

Comment by Raymond K Hessel
2015-04-24 06:26:49

That’s only supposed to happen to “them.”

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Comment by Oddfellow
2015-04-24 07:16:53

Exactly. And whatever we approve happening to “them”, will one day be done to “us”.

 
Comment by Albuquerquedan
2015-04-24 07:33:27

Yes, because the U.S. lives by the following rules:

If their brown bring them down.
If their black send them back.
If their white they are alright. (massive sarcasm).

 
Comment by rms
2015-04-24 07:43:08

their = they’re? :)

 
Comment by Albuquerquedan
2015-04-24 07:43:52

It just amazes me that many on this board will decide the quilt or innocence of an individual on nothing more than the race of the accused or the victim.

 
Comment by Albuquerquedan
2015-04-24 07:46:15

Need coffee, phonetic spelling. :) Thanks.

 
Comment by Albuquerquedan
2015-04-24 07:48:21

Guilt for quilt, two in a row TGIF.

 
Comment by MacBeth
2015-04-24 07:51:32

Dan,

There has been a great deal of this on this board in recent months.

It didn’t use to be this way, but it is now. Maybe it’ll subside.

 
Comment by In Colorado
2015-04-24 08:41:45

Exactly. And whatever we approve happening to “them”, will one day be done to “us”.

I’d say that it’s already starting.

 
Comment by X-GSfixr
2015-04-24 08:58:58

Yup. Exactly.

http://tinyurl.com/nd8rkjx

http://tinyurl.com/pxbqbhk

Cops are trained to “control the situation”. Even if it means shooting/kicking the crap out of the “PITA innocent bystanders”.

 
Comment by Oddfellow
2015-04-24 09:59:45

“It just amazes me that many on this board will decide the quilt or innocence of an individual on nothing more than the race of the accused or the victim.”

Lay off my bro phony.

 
Comment by phony scandals
2015-04-24 12:20:44

Boy you guys are smart.

But you didn’t actually read the article.

Why would Chisholm seek such broad powers to investigate a year-old embezzlement claim with a known suspect? Because the Milwaukee County executive, Scott Walker, had by that time become the leading Republican candidate for governor. District Attorney Chisholm was a Democrat, a very partisan Democrat.

Political observers will no doubt remember the events in Madison — the state capitol overrun by chanting protesters, Democratic lawmakers fleeing the state to prevent votes on the legislation, and tens of millions of dollars of outside money flowing into the state as Wisconsin became, fundamentally, a proxy fight pitting the union-led Left against the Tea Party–led economic Right.

At the same time that the public protests were raging, so were private — but important — protests in the Chisholm home and workplace. As a former prosecutor told journalist Stuart Taylor, Chisholm’s wife was a teachers’-union shop steward who was distraught over Act 10’s union reforms. He said Chisholm “felt it was his personal duty” to stop them.

Read more at: http://www.nationalreview.com/article/417155/wisconsins-shame-i-thought-it-was-home-invasion-david-french

 
Comment by phony scandals
2015-04-24 12:33:14

In the second John Doe, Chisholm had no real evidence of wrongdoing. Yes, conservative groups were active in issue advocacy, but issue advocacy was protected by the First Amendment and did not violate relevant campaign laws. Nonetheless, Chisholm persuaded prosecutors in four other counties to launch their own John Does, with Judge Kluka overseeing all of them.

Empowered by a rubber-stamp judge, partisan investigators ran amok. They subpoenaed and obtained (without the conservative targets’ knowledge) massive amounts of electronic data, including virtually all the targets’ personal e-mails and other electronic messages from outside e-mail vendors and communications companies.

Read more at: http://www.nationalreview.com/article/417155/wisconsins-shame-i-thought-it-was-home-invasion-david-french

 
Comment by phony scandals
2015-04-24 12:50:23

What did the Journal Sentinel know and when did it know it? (WI)

The Wisconsin Reporter ^ | 4-23-15 | M. D. Kittle

Posted on 4/23/2015, 9:47:22 AM by afraidfortherepublic

MADISON, Wis. – The Milwaukee Journal Sentinel’s Patrick Marley confirms he was the mysterious reporter Cindy Archer spotted as armed police swarmed her home during a dramatic September 2011 police raid, one of several in the Milwaukee district attorney’s secret war on conservatives.

“I was the one who was there. I arrived an hour or two after the raid began,” Marley told Wisconsin Watchdog on Wednesday.

Who tipped him off?

“I don’t reveal sources, and I typically don’t help those trying to figure out my sources by telling them who my sources aren’t,” Marley said.

Marley’s appearance at what was supposed to be a secret raid raises the possibility that the Journal Sentinel was tipped off by someone inside law enforcement. That would violate a state statute, as well as Wisconsin’s controversial John Doe law – the law that Milwaukee District Attorney John Chisholm has invoked twice in four years to launch what are supposed to be secret investigations of conservative activists.

But Marley’s fellow Capitol reporter, Jason Stein, also credited with reporting the Journal Sentinel’s same-day story on the raid, says there’s no mystery. He told Wisconsin Watchdog he’s the one who tipped off Marley.

So where did Stein get the tip?

“No one connected with the John Doe probe, certainly not any law-enforcement officers or prosecutors, tipped me off to the fact that that home was being raided in plain sight on the east side of Madison, where many of the state’s most liberal residents live. The real mystery, to me, was why only one reporter showed up,” he wrote in an email to Wisconsin Watchdog.

That may leave others wondering why Stein asked a fellow political – rather than crime – reporter to cover the police action.

Stein said he dialed up Marley because Stein wasn’t sure he would get there before the cops left. Marley lives closer to Archer’s address and the raid went down before the Capitol reporters clocked in, which in those days was around 9 a.m., Stein said.

“I don’t cover many police raids, but this one was a no brainer, given that local law enforcement and the FBI had suddenly shown up at the home of the (former) No. 2 official at the state’s most important agency,” he said, noting Archer’s previous top-level position at the state Department of Administration. She had taken a leave of absence from the agency just days before the raid.

“Since then, I think it’s become clear that the FBI had only minor involvement in (John) Doe Two for forensic computer work, but at that time we had no idea why the FBI were suddenly involved. For all we knew it was a big development of some kind,” he added.

Stein and Marley are co-authors of More Than They Bargained For: Scott Walker, Unions and the Fight for Wisconsin. The book chronicles Wisconsin’s heated debates and mass protests leading up to the passage of Act 10, Walker’s reforms to public-sector collective bargaining.

The presence of a reporter seemed obvious on Sept. 14, 2011, when the Journal Sentinel published its story on the raid at Archer’s home. That story, attributed to Marley, Stein and two other reporters at the paper, indicated that one of them arrived in time to see “about a dozen law enforcement officers, including FBI agents” raid Archer’s home.

“Around 9 a.m., a reporter saw four FBI agents – two of them wearing latex gloves – talking in Archer’s backyard before going into her house. Later, one removed a large box and put it in the trunk of an FBI car. They left about 10 a.m,” the Journal Sentinel story reported.

“The FBI also seized the hard drive from a computer that a neighbor had bought from Archer six to eight weeks ago at a garage sale.”

FBI agents “told a reporter” that the agency was involved in a “law enforcement action.”

The question of Marley’s identity – and its bearing on the secrecy that Chisholm has insisted is essential to his investigation – derives from David French’s excellent reporting on the John Doe in National Review last week. That account opens with an account of the early-morning raid on Cindy Archer’s home.

French writes that during the raid, Archer “looked outside and saw a person who appeared to be a reporter. Someone had tipped him off.”

As agents with battering rams raided Archer’s home, Milwaukee County District Attorney John Chisholm and his assistants were digging up what they could on the Milwaukee County Executive’s office. Walker, a Republican, led the county office for several years before being elected Wisconsin’s governor in November 2010. The DA, a Democrat, used information gathered in that probe to launch his investigation into what became a multi-county investigation into 29 conservative groups and Walker’s campaign. Chisholm’s office worked alongside the state Government Accountability Board, John Doe special prosecutor Francis Schmitz, and a very willing John Doe Judge appointed at the direction of Chief Justice Shirley Abrahamson to go after the conservatives and their constitutionally protected donor lists.

Stein said he did not learn of the raid until after it started, although he is not sure how long after.

“So we didn’t observe any battering ram or other details that Ms. Archer described recently. As I recall, the neighbors didn’t mention those details and of course Ms. Archer did not provide them,” the reporter said.

Archer did not talk to the Milwaukee Journal Sentinel, but later spoke to the Wisconsin State Journal.

“I’m not worried,” Archer told the State Journal following the raid. “I don’t even have a lawyer. I don’t need a lawyer. I did nothing inappropriate.”

However they got the tip, the Journal Sentinel reporters were able to find someone able to identify the targets of Chisholm raids.

“Sources have said the investigation has increasingly focused on the activities of Archer and Tom Nardelli, Walker’s former county chief of staff,” the newspaper reported. Three weeks before the raid, when Archer announced she was taking a leave of absence from her job in the governor’s office, the Journal Sentinel reported, “Officials gave no reason for Archer’s leave, its duration or whether she’ll return to the same job” – and then speculated, “It’s not clear if the personal leave is tied to the growing John Doe investigation of Walker’s former county workers.”

Nardelli, who died last year, was never charged with any wrongdoing. In fact, it was Nardelli who, representing Walker, brought to Chisholm’s office a problem: a discrepancy in a Milwaukee County veterans fund. Walker’s concern that the fund had been ripped-off became the initial reason for the secret probe. But from that point, Chisholm’s prosecutors operated on a grander theory: that this opening providing them with an excuse to investigate relationships between Walker and Wisconsin’s conservatives.

http://www.freerepublic.com/focus/news/3282228/posts?page=14 - 28k -

 
Comment by Oddfellow
2015-04-24 18:14:33

“But you didn’t actually read the article.”

What part didn’t we read? We read the part where the white folks poop their pants when they’re treated like black folks.

 
Comment by phony scandals
2015-04-24 19:27:46

So you are a Nazi

Just like Obama sicking the IRS on his enemies.

“District Attorney Chisholm was a Democrat, a very partisan Democrat.”

“As a former prosecutor told journalist Stuart Taylor, Chisholm’s wife was a teachers’-union shop steward who was distraught over Act 10’s union reforms. He said Chisholm “felt it was his personal duty” to stop them.”

“Empowered by a rubber-stamp judge, partisan investigators ran amok.”

 
 
 
Comment by MacBeth
2015-04-24 07:49:06

Raymond,

You don’t know this for a fact. You don’t know how they voted.

Do you realize you’re coming across exactly like a minion of Bush, Obama, Romney, etc.?

Comment by Raymond K Hessel
2015-04-24 16:06:55

No, I don’t know this for a fact, but I do know a lot of so-called “conservative” astro-turf groups of the sort funded by Daddy Warbucks Republican oligarchs are shills and operatives for faux “conservatives” like Bush and Romney (or Scott Walker for that matter). So if their minions get a healthy dose of the kind of corporate statism and government overreach that Bush, McCain, Romney and Walker have all promoted, I can’t muster much sympathy. I’d call it a good teaching point instead.

The Establishment GOP and its RINO candidates have turned the Constitution into a maggoty corpse that’s been skull-f**ked by both the Bush and Obama Administrations - so let their supporters get a taste of what’s it’s like to get THEIR rights trampled on. That’s what they voted for; that’s what they deserve.

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Comment by phony scandals
2015-04-24 05:12:46

More Clinton Foundation Cronyism – The Deal to Sell Uranium Interests to Russia While Hillary was Secretary of State

Michael Krieger | Posted Thursday Apr 23, 2015 at 12:01 pm

From the New York Times article: Cash Flowed to Clinton Foundation as Russians Pressed for Control of Uranium Company

If you looked at the U.S. economy under a microscope, what you’d see is a gigantic cancerous blob of cronyism surrounded by tech startups and huge prisons. If you zeroed in on the cancerous tumor, at the nucleus you’d see a network of crony institutions like the Federal Reserve, intelligence agencies, TBTF Wall Street banks and defense contractors. Pretty close to that, you’d probably find the Clinton Foundation. A veritable clearinghouse for cronyism masquerading as a charity.

libertyblitzkrieg.com/…/ - 88k -

Comment by Sheldon Kristol
2015-04-24 05:24:39

Did I mention yesterday that House of Cards is my favorite documentary?

Comment by azdude
2015-04-24 07:21:37

why do the bankers have control over all the markets now?

 
 
Comment by palmetto
2015-04-24 06:08:43

Here’s all you need to know: Obama and most importantly, Valerie Jarrett, have no great love for Hillary Clinton. She will never be prez. Because OJ is sort of toying with her much the way a cat toys with a mouse, lizard or bird. Pounce, injure it a little, let it recover somewhat, and then bat it around a bit, then go in for the kill.

I think they’re waiting until she picks up enough momentum to seem to be a winner and then BLAMMO! The final, lethal pounce.

Obama and Jarrett seem to have a bit of the sadist in them. If you don’t believe me, look at the country.

Comment by Raymond K Hessel
2015-04-24 06:18:20

You sadly underestimate the stupidity of the herd creatures called the American electorate. Especially the ones who vote with their emotions and are manifestly incapable of logic, reason, or accountability.

Comment by palmetto
2015-04-24 06:23:01

Electorate has nothing to do with it. When O & J pounce, it’s going to be the sort of event that takes her out of the running permanently. I look forward to seeing what it is. They already made the first move with the state department email thing. More to come.

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Comment by Raymond K Hessel
2015-04-24 06:39:57

I repeat: you underestimate the stupidity of our electorate. We are living in IDIOCRACY. Think of tens of millions of Florida Dyspeptics, willfully ignorant and deluded, who will vote for “their” candidate regardless of a mountain of evidence that shows how corrupt and unfit to govern she is. Think of the victory of “hope ‘n change” in two elections.

We are so screwed.

 
Comment by OliverGarchy
2015-04-24 07:38:34

They also have all those emails via the NSA dontcha think? And much much more. I’m with Palmetto here.

On the other hand Bush et al had all the info also before getting tossed and didn’t spill the beans to derail Obama. Maybe they’re just taking turns.

 
Comment by palmetto
2015-04-24 09:08:03

“I repeat: you underestimate the stupidity of our electorate. We are living in IDIOCRACY. Think of tens of millions of Florida Dyspeptics, willfully ignorant and deluded, who will vote for “their” candidate regardless of a mountain of evidence that shows how corrupt and unfit to govern she is.”

You can repeat all you want, but unless I’m missing something, it’s pretty much impossible for the electorate to elect someone who ends up not running because of, uh, well, because they just can’t, for whatever reason that may be. My guess is that O and J will cook up something that will put paid to Hillary once and for all.

I suppose the idiocracy could write her in en masse, but I really doubt that would happen, especially if she’s headed for the hoosegow or otherwise indisposed.

And let ME repeat: Obama and Jarrett are vehemently opposed to Hillary. Like, no way do they want to see her as prez. Ever.

http://www.zerohedge.com/news/2015-03-15/clintons-furious-obama-after-valerie-jarrett-linked-email-leak

See, Hillary has a huge blind spot and just. doesn’t. get it. That email leak was a warning shot across the bow. They haven’t even taken out the big guns yet. I really think she’s so blind she believes her own lies and can’t distinguish between what’s real and what’s not.

There is NO WAY Obama and Jarrett are going to allow her to gain the White House.

 
Comment by MightyMike
2015-04-24 09:48:16

Why don’t they like Hillary? And are they going to handpick someone else to replace her as the nominee?

 
Comment by palmetto
2015-04-24 10:13:08

They tried, with Liz Warren, but I think she turned them down and now Martin O’Malley seems to be the pick. We shall see.

Jim Webb’s my pick.

 
Comment by Raymond K Hessel
2015-04-24 16:08:16

His web site for a 2016 run is up now. Time to stand and deliver.

 
 
 
Comment by MacBeth
2015-04-24 07:55:08

Domestic imperialism.

Time to throw that expression onto the HBB once again. What the current administration is doing to this country right now is as abhorrent as anything we’re doing overseas.

 
 
Comment by TBoom
2015-04-24 12:53:29

Comment by phony scandals
2015-04-24 05:12:46

More Clinton Foundation Cronyism – The Deal to Sell Uranium Interests to Russia While Hillary was Secretary of State
libertyblitzkrieg.com/2015/04/23/more-clinton-foundation-cronyism-the-deal-to-sell-uranium-interests-to-russia-while-hillary-was-secretary-of-state/

 
 
Comment by ibbots
2015-04-24 05:22:26

Housing shortage sends Dallas-area home prices into overdrive in first quarter.

A shortage of properties kept the lid on Dallas-area home sales in the first quarter of 2015.

And that lack of inventory caused prices to soar — up 13 percent from the first quarter of last year, according to a comparison of Dallas-area neighborhoods.

http://www.dallasnews.com/business/residential-real-estate/20150423-housing-shortage-sends-dallas-area-home-prices-into-overdrive-in-first-quarter.ece

 
Comment by Raymond K Hessel
2015-04-24 05:27:20

More Clinton crony capitalism. But when 95% of your electorate are imbeciles, she’s still got a good shot of being elected. This is exactly the kind of mobocracy the Founding Fathers warned us about.

http://www.zerohedge.com/news/2015-04-23/more-clinton-cronyism-selling-uranium-interests-russia-while-hillary-was-secstate

 
Comment by phony scandals
2015-04-24 05:32:12

I saw this last night.

The funny thing was the reporter asks a Guatemalan immigrant working at a local advocacy place…

What would you say to the tax payers who have paid the 1/2 billion dollars for this medical care over the last 3 years?

She thinks about it for a second, looks at the camera and says…

Thank you. :)

Monday, April 20 2015, 05:42 PM EDT

Health program to aid illegal immigrants has a huge pricetag

WEST PALM BEACH (CBS12) — A three month long CBS 12 Investigation has discovered a program meant to make people healthy is costing taxpayers millions of dollars. While most Americans struggle to afford the rising costs of health insurance records obtained from the Agency For Healthcare Administration show taxpayers shelled out more than 500 million over three years to fund this little known program.

The program provides illegal immigrants healthcare that they would otherwise be unable to afford. CBS12 talked to immigrants that took medical care and even had children on taxpayer dollars. The spending is happening right here in Palm Beach County, where millions were spent in 2014 alone.

CBS12’s Michael Buczyner brings your startling statistics as well as comments from our top officials in his special report on CBS12 News Thursday night at 11.

http://www.cbs12.com/…health-program-aid-illegal-immigrants-has-huge-pricetag-25149.shtml - 482k -

Comment by TBoom
2015-04-24 13:10:03

Comment by phony scandals
2015-04-24 05:32:12

CBS12 Investigates: Emergency Medicaid For Aliens
cbs12.com/news/features/special-reports/stories/vid_94.shtml

 
 
Comment by Raymond K Hessel
2015-04-24 05:39:51

Despite overwhelming evidence of her corruption and sleaze, Hillary is going to fool the idiots - just as Obama did - by identity politics and masquerading as a “progressive” rather than the venal oligarch she really is.

http://www.telegraph.co.uk/news/worldnews/us-election/11560038/Hillary-Clinton-delivers-fiery-feminist-message-in-first-campaign-speech.html

Comment by Sheldon Kristol
2015-04-24 05:48:50

Fiery feminist message?

For the first time in American history, the majority of adults are single. The number of American adults living alone is at an all time high. The average age at first marriage for both American women and men is at an all time high.

Connect the dots…

Comment by Raymond K Hessel
2015-04-24 06:19:45

Female voters were essential in propelling Clinton and Obama to victory, and will do the same for Hillary. Connect the dots.

Comment by RioAmericanInBrasil
2015-04-24 07:26:26

Female voters were essential in propelling Clinton and Obama to victory, and will do the same for Hillary

It that’s true then they are not “idiots” but rather voting in women’s self-interests no? There is no doubt to women which party best represents women’s issues. I think women totally believe there is a distinct difference between Repubs and Dems on the issue.

It’s not even a close call according to the math.

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Comment by OliverGarchy
2015-04-24 07:40:28

Hillary set women back 50 years standing by Bubba.

 
Comment by RioAmericanInBrasil
2015-04-24 08:09:11

Hillary set women back 50 years standing by Bubba.

IDK. In many situations there is something admirable about a women standing by her man. We’re not perfect and neither are they and marriage always makes that apparent.

I do think there is a lot of politics going on in the Clinton marriage but duhh no?

 
Comment by Califoh20
2015-04-24 09:33:32

Clinton/Warren 2016 give the women a shot. Cant be any worse than Bush/Cheney!

 
 
Comment by Senior Manchild
2015-04-24 07:28:23

How can the price of exaggerated housing maintain it’s levels in a country of bachelors and spinsters

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Comment by Senior Manchild
2015-04-24 07:30:56

Bachelors and spinsters who live at home with mom and dad

no $500000 starter homes here

 
 
Comment by MacBeth
2015-04-24 08:07:24

What has always been interesting is that women who claim to “not need a man” sure like to vote for Sugar Daddy government.

Opting for Big Government is strikingly UN-independent.

Don’t be fooled.

Women who vote for Big Government are signaling their continued desire to be submissive. That they are choosing to be submissive to a different entity doesn’t change the basic fact.

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Comment by RioAmericanInBrasil
2015-04-24 08:22:42

Women who vote for Big Government are signaling their continued desire to be submissive. That they are choosing to be submissive to a different entity doesn’t change the basic fact.

Interesting. If true maybe women are voting more Democratic because USA’s brand of failing capitalism (for the middle-class) makes it hard for a man to make enough money these days to well-keep a “submissive” women.

USA’s winner take all supply side failure fails the traditional middle-class man/women relationship? Then how’s that for family values?

 
Comment by Albuquerquedan
2015-04-24 12:10:23

USA’s winner take all supply side failure fails the traditional middle-class man/women relationship?

Demand side is like the special Olympics where everyone is a winner, except the real world does not work like that and the reduced production makes everyone a loser(looser).

 
 
Comment by X-GSfixr
2015-04-24 08:11:28

Females will just do what Oprah and Ellen tell them to do.

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Comment by butters
2015-04-24 08:29:36

Why would a hetero woman listen to Ellen? Doesn’t make sense at all.

 
Comment by X-GSfixr
2015-04-24 09:04:03

“Sense has “nothin’ to do with it….”

They are “celebrities”. Who have morphed into “leaders”. Which seems to mean they are automatically smarter than the wretched refuse

 
 
 
 
Comment by Bring Back the WPA
2015-04-24 08:24:38

Please tell us Raymond which candidate is not in the pocket of the oligarchy.

Comment by Raymond K Hessel
2015-04-24 16:13:23

First, a non-sheep wouldn’t demand to be spoon-fed information. They would have enough of an intellectual spark to seek out the truth for themselves rather than asking to be told something. Baaaaa! But I digress.

Perhaps the simplest way to tell if a candidate is in the pocket of the oligarcy is to see who their campaign contributers are. I give you exhibit A: Hillary’s donors for her 2008 campaign (her 2016 donors won’t be released until July, but I can guarentee they’ll be a who’s who of TBTF banks and Wall Street swindlers). And of course mega-speculator George Soros has already stepped up with a generous contribution.

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00000019

 
 
 
Comment by Bill, just south of Irvine
2015-04-24 05:41:09

Bill Clinton’s Saudi Ties

http://tinyurl.com/mourk9a

Routine Government Employee Information on Hillary Clinton Shielded from the Public

(Washington, DC) – Judicial Watch announced that it has received 126 pages of documents from the State Department related to Hillary Clinton’s possible conflicts of interest regarding her position as Secretary of State. The initial Freedom of Information Act (FOIA) request was placed on May 2, 2011. These documents are being released as a result of a federal court order in a Freedom of Information Act (FOIA) lawsuit filed against the State Department on May 28, 2013 (Judicial Watch v. U.S. Department of State (No. 1:13-cv-00772)).

Judicial Watch also disclosed that the State Department turned over nearly 1,000 records to the Clinton Foundation, beginning in January 2014, for review prior to public release.

The lawsuit is ongoing and had previously forced the disclosure of documents that provided a road map for over 200 conflict-of-interest rulings that led to $48 million for the Clinton Foundation and other Clinton-connected entities during Hillary Clinton’s tenure as secretary of state. Previously disclosed documents in this lawsuit, for example, raise questions about funds Clinton accepted from entities linked to Saudi Arabia, China and Iran, among others.

The latest group of documents shows that State Department officials had concerns in January 2011 about Bill Clinton’s activities related to Saudi Arabia. An email chain, begun on January 25, 2011, includes several members of the State Department’s Legal Advisor Office, and the subject line “Clinton Foundation Request – Saudi entities.” The discussion is almost entirely redacted in the three-page email chain.

Other documents previously forced out through this lawsuit show that Bill Clinton worked with Tanmiah Commercial Group, a Saudi group based in Riyadh, Saudi Arabia, that paid Clinton $300,000. The Clinton Foundation told the State Department he would participate in the 2011 Global Competiveness Forum, a five-day event in Riyadh. The event was co-sponsored by the Dabbagh Group Holding Co., which “comprises 28 autonomous companies, operating in diversified businesses in 30 countries. Mohammed Husnee Jazeel currently serves as Dabbagh Group’s CFO.” The Clinton Foundation described the event as:

[A]n annual meeting of global business leaders, international political leaders and selected academics and journalists. It was founded in 2006 by the Saudi Arabian General Investment Authority (SAGIA) and is held under the patronage of King Abdullah Bin Abdulaziz.

Established in 2000, the SAGIA encourages investment in the Kingdom of Saudi Arabia and provides licensing and support services to investors.

The “ticketed event” targeted “the Saudi Arabian business community.”

Also, discussed is a Clinton Foundation request regarding an undisclosed country in Asia in August 2010: “Spoke to Jim [James H Thessin], on this and he plans to speak to the EAP [East Asian & Pacific Affairs] PDAS [Principal Deputy Assistant Secretary] and get his views.”

A June 2010 message chain addressed to then-Deputy Chief of Mission in Tanzania Larry E. Andre and others is labeled “URGENT RE: Clinton Foundation Issue, ” and states: “Former POTUS Clinton is on the ground in Tanzania… we need guidance fairly urgently to still be relevant.”

Also in the documents is a fully redacted June 2011 exchange between longtime Clinton associates Cheryl Mills and Doug Band.

Band assisted in creating the Clinton Global Initiative and is a founding partner and president of Teneo. Also previously disclosed, documents show that the State Department approved a consulting arrangement between Bill Clinton and Band. The Clintons ended the deal after only eight months, as criticism mounted over Teneo’s ties to the failed investment firm, MF Global. Mills defended Bill Clinton during his 1999 impeachment trial. She also was on the Clinton Foundation’s board prior to joining Mrs. Clinton at the State Department. Ms. Mills reportedly negotiated the “ethics agreement” on behalf of the Clintons and the Foundation that required the Clintons to submit to rigorous conflict-of-interest checks. Despite this, and in apparent violation of Obama administration ethics rules, Ms. Mills was involved in ethics reviews as chief of staff for Mrs. Clinton at the State Department.

A January 2013 email from Clinton Foundation Scheduler Margaret Steenburg to State Department attorneys says a list of speech hosts for conflict-of-interest review was provided to them (but the list is conspicuously absent from the FOIA production documents).

The State Department just disclosed that it turned over 128 records to the Clinton Foundation for review under Exemption 4 of FOIA. Exemption 4 allows the withholding of commercial information about third parties that could cause them competitive harm. Judicial Watch understands that over 1,000 records have been turned over to the Clinton Foundation under this unusual review process, resulting in more delay.

Dozens of State Department attorneys’ emails are heavily redacted and neglect to include the records Judicial Watch specifically sought in its FOIA request, such as Mrs. Clinton “SF 50s,” the standard form the government uses any time an employee changes jobs, or has an increase in step, grade or pay. Judicial Watch also sought all “SF 85s,” “85Ps,” or “SF-86s,”which would pertain to Hillary’s clearance for various types of information. Also noticeably scarce are the requested ethics waivers issued to Mrs. Clinton, and the communications relating to Mr. Clinton’s speech schedule and his personal or charitable financial relationships with foreign leaders and governments.

Last month, the State Department promised to conduct a supplemental search of email records allegedly turned over late last year by Hillary Clinton. The State Department has been silent on obtaining or recovering other emails from Hillary Clinton’s secret accounts or any secret accounts of her top staff, including Cheryl Mills.

“The State Department allowed Hillary Clinton to remove and destroy government email records. And now we’ve figured out the State Department is improperly giving government documents to the Clinton operation – documents that should have been turned over to us years ago,” said Judicial Watch President Tom Fitton. “Our lawsuit, which first exposed the Clinton foreign fundraising racket at the State Department, continues to be obstructed by Mrs. Clinton’s political operation. With these revelations of State Department concerns about the Clinton machine’s Saudi and Asian dealings, this simple FOIA lawsuit is providing the road map for those tracking Hillary Clinton’s abuse of office as secretary of state. In the meantime, the State Department seems to be more concerned about helping Hillary Clinton’s presidential campaign than following federal disclosure law.”

Comment by X-GSfixr
2015-04-24 08:19:49

No problem. By the time Hillary’s BS catches up with her, Chelsea will be old enough to run for President.

First, the high pay for little work jobs to get the gravy train rolling.

Next up: the “autobiography” with the giant advance, then the steady stream of income provided by book purchases from her “friends”

Finally, if she really wants to step up the game, the “accidentally released” to the public amateur/home porn tape.

(Frankly, even the thought of that skank cluttering up my bandwidth with home porn makes me want to burn out my retinas with high-powered lasers, but that’s just me)

 
 
Comment by Raymond K Hessel
Comment by Bill, just south of Irvine
2015-04-24 06:03:36

So far this year the international stocks have been outperforming U.S. stocks. Looks like a rotation going on.

Comment by Raymond K Hessel
2015-04-24 06:30:09

$13 trillion in central bank money printing tends to have that effect.

 
Comment by Cactus
2015-04-24 10:00:08

US stocks maybe fully priced ?

 
 
 
Comment by phony scandals
2015-04-24 05:49:27

CBP Wants $134.5M for Anticipated ‘Future Influx’ of Illegal Alien Children

U.S. Customs and Border Patrol (CBP) included $134.5 million in “contingency” funding

by CNS News | Brittany M. Hughes | April 24, 2015

U.S. Customs and Border Patrol (CBP) included $134.5 million in “contingency” funding in its budget request for Fiscal Year 2016 to deal with a “future influx” of up to 104,000 unaccompanied alien children, or “UCs,” who may cross the border into the United States illegally next year.

CBP Commissioner Richard Gil Kerlikowske defended the request during a hearing before the House Appropriations’ Homeland Security Subcommittee on Thursday as providing “additional resources” for CBP in the event of another flood of illegal aliens, which he warned could be coming.

“The budget request provides baseline funding for the care and custody of 58,000 UCs and takes steps to better prepare the Department for a future influx of UCs through a contingency fund which will provide up to $134.5 million to provide the necessary support activities required to apprehend and maintain the health and safety for up to 104,000 UCs once specific threshold levels are met,” CBP Commissioner Gil Kerlikowske said in his written statement to the subcommittee.

“Without this increase in funding, CBP will not have the flexibility to adequately respond to a significant surge of UCs in FY 2016,” Kerlikowske added in the statement.

Comment by Sheldon Kristol
2015-04-24 06:05:19

This photo gallery is a nice preview of what Obama’s fundamentally transformed America will look like, once all of the sub-1% white people have been exterminated in the coming progressive genocide.

http://www.washingtonpost.com/news/in-sight/wp/2015/04/23/a-blemish-on-south-africas-image-as-anti-immigrant-sentiment-erupts/

Comment by rms
2015-04-24 06:42:45

Need to juxtapose the Elysium space station in the background. :)

 
Comment by In Colorado
2015-04-24 08:47:43

I’m sure that every Afrikaner who fled South Africa is having a good laugh as SA continues to self destruct.

Comment by palmetto
2015-04-24 12:51:29

Those who didn’t flee, not so much. :-(

Seriously, though, some of us are gonna have to do the same thing shortly, on account of it’s getting pretty ugly here.

See ya at the bar in Montvideo, bro’. I’ll need someone to be interpreter and Spanish teacher, lol.

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Comment by phony scandals
2015-04-24 06:00:33

Seems like the Warmists should be upset.

Obama Earth Day Trip to Emit 5 Times as Much CO2 as the Average American Does Annually

BY: Lachlan Markay
April 22, 2015 10:37 am

President Barack Obama’s Earth Day trip to Southern Florida will emit roughly five times as much carbon dioxide as the average American does in a full year, according to government data.

Air Force One will burn 9,180 gallons of carbon-spewing jet fuel during Obama’s trip to the Florida Everglades on Wednesday, CBS White House correspondent Mark Knoller reported.

According to data from the U.S. Energy Information Administration, burning that much jet fuel will produce more than 88,000 kilograms of carbon dioxide. That is about five times as much as the 17,600 kg that the average American emits annually, according to United Nations data.

Jet fuel “produces, in addition to carbon dioxide, NOx, sulphates, and particulate matter, all of which amplify the impact of aviation on global warming,” according to the Flying Clean Alliance, a group that advocates restrictions on aviation-related greenhouse gas emissions.

“Airplanes emit all of these pollutants directly into the atmosphere, compounding the pollutants’ warming impact,” the group says.

Obama will speak in Florida about the need to reduce U.S. carbon emissions to combat global climate change.

Comment by Oddfellow
2015-04-24 07:28:49

Good thing carbon dioxide is a fertilizer, and therefore we can’t get enough of it into our ecosystem. The more, the better.

Thanks, Obummer, you’re feeding the world!

 
Comment by RioAmericanInBrasil
2015-04-24 07:32:28

President Barack Obama’s Earth Day trip to Southern Florida will emit roughly five times as much carbon dioxide as the average American does in a full year

Anyone who expects the issue of carbon emissions to be addressed without the emitting of carbon does not understand how the big picture actually works.

How could I effectively fight the phone company without using my phone?

Comment by OliverGarchy
2015-04-24 07:48:10

He couldn’t have ridden his bike down to the Lincoln Memorial and given a nice speech there? It’s spring in DC, I’m sure you know that’s beautiful.

Comment by butters
2015-04-24 08:15:31

The whole hysteria doesn’t make sense if the proponents don’t live what they preach. Maybe it’s not that serious after all…..

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Comment by RioAmericanInBrasil
2015-04-24 08:28:19

The whole hysteria doesn’t make sense if the proponents don’t live what they preach…
He couldn’t have ridden his bike down to the Lincoln Memorial

No. Carter got pilloried because he wore a sweater. You can’t win with the far-right no matter what you do. So the smart ones forget about them in the big picture. Noise.

And the highlighting the Everglades was much more beneficial to the cause than the carbon it produced.

 
Comment by butters
2015-04-24 08:33:12

Jorge Bush had it right. We have to chuck the capitalism to save it or something like this…..

Actors and causes change, but the narratives remain the same.

LOL

 
Comment by Blue Skye
2015-04-24 08:43:56

Obama and his minions are the quintessential right wingers in this picture.

Even if Jimmy did wear a sweater.

 
Comment by Albuquerquedan
2015-04-24 09:28:18

If Obama and the other CAGW proponents really believed that CAGW was as great a threat to the Earth as they claim in public, not only would Obama not be buying a house on the beach and the rest of them truly reducing their carbon footprint, they would all be embracing nuclear power as aggressively as they are waging war on coal. No, it is just an excuse to hand out trillions of dollars to their crony capitalist friends for technologies not cost competitive in the free market.

 
Comment by Blue Skye
2015-04-24 09:43:56

Embrace the irony that all this increases the consumption of oil.

 
Comment by RioAmericanInBrasil
2015-04-24 11:20:08

If Obama and the other CAGW proponents really believed that CAGW was as great a threat to the Earth as they claim in public, not only would Obama not be buying a house on the beach

That does not pencil out with reality.

Of course Obama would be buying a beach house in spite of climate change if he wanted one The cost of one might equal a few month’s of his post-presidency earning power.

Who wouldn’t pay a few month’s “rent” to live in a beach house for a decade or so?

 
Comment by Albuquerquedan
2015-04-24 12:05:37

If he really believe it he would not buy to avoid sending a message to people that it was phony. He does not even care about the optics.

 
 
 
Comment by Albuquerquedan
2015-04-24 15:48:09

E-mail?

 
 
 
Comment by Professor Bear
2015-04-24 06:06:43

Is Hillary rallying your base?

Comment by Professor Bear
2015-04-24 06:15:07

Hillary Clinton’s White House bid energizes gun-control supporters
By Robert Schroeder
Published: Apr 24, 2015 7:47 a.m. ET
High hopes: Hillary Clinton speaking in Maryland in May 2014

WASHINGTON (MarketWatch) — Advocates for gun control have high hopes for Hillary Clinton’s presidential run.

Gun-control advocates, writes the Hill, view Clinton as an ally who can finish the push for tightened background checks that has stalled in President Barack Obama’s second term. Clinton, who is the front-runner for the Democratic nomination, has been a strong advocate of gun-control proposals such as expanding background checks and banning assault weapons. Second Amendment advocates, meanwhile, are equally energized by Clinton’s White House bid. Republican presidential contenders ripped Clinton as a “gun grabber” in speeches at the National Rifle Association’s annual convention last month.

Comment by Sheldon Kristol
2015-04-24 06:27:00

Remember when they shot Vickie Weaver in the face while she was standing in the doorway holding a baby at Ruby Ridge? Remember when they gassed and burned all of the women and children alive at Waco?

MOLON LABE

Comment by Raymond K Hessel
2015-04-24 07:00:58

There’s a reason Hillary and her oligarch pals like Soros and Bloomberg want to disarm the population. And no, it’s not for the children….

https://www.youtube.com/watch?v=tVK0yZAhBKM&spfreload=10

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Comment by X-GSfixr
2015-04-24 09:16:34

Republicans are using this “gun control” issue the way bull fighters wave red capes in front of bulls.

Don’t know why Republicans complain about “gun control”. Every thing I’ve seen in the lase 20 years is in the direction of LESS gun control.

Kansas just passed a law permitting concealed carry without training or permits. Let the carnage ensue.

Of course, getting shot by these yahoos when they are drunk at bars, or when they get pissed off about minor fender-benders, or just because they don’t like what you say, is the price the rest of us have to pay to protect their “freedom”.

 
Comment by butters
2015-04-24 10:08:32

Wars and Guns and maybe gays getting married. This is where, any slight difference between the dems and reps exist.

{not talking about rhetoric}

 
Comment by In Colorado
2015-04-24 10:21:48

Don’t know why Republicans complain about “gun control”. Every thing I’ve seen in the lase 20 years is in the direction of LESS gun control.

When my Brit BIL (a cop) learned that in many US states you can purchase a weapon at a “gun show” without a background check of any kind he was flabbergasted.

 
Comment by In Colorado
2015-04-24 10:24:40

There’s a reason Hillary and her oligarch pals like Soros and Bloomberg want to disarm the population. And no, it’s not for the children….

They said the same about Obama. What we got instead were record sales of “assault” weapons.

 
Comment by RioAmericanInBrasil
2015-04-24 11:24:07

This is where, any slight difference between the dems and reps exist.

See the ACA, minimum wage, Citizens United, Social Security, Medicare, the estate tax, progressive taxation and Medicaid expansion.

These are huge differences on big issues.

 
Comment by redmondjp
2015-04-24 12:05:28

Stop propagating that gun-show loophole nonsense.

It’s propaganda.

In my state, the gun shows are run by members-only gun clubs, and you have to be a member in order to purchase a gun at a show (anybody can enter and buy anthing besides a gun w/o being a member).

In order to be a member, you have to have passed a background check.

So there is no loophole.

 
Comment by MightyMike
2015-04-24 12:53:15

So there is no loophole.

That’s not a sensible conclusion. All that means is that loophole only exists in certain states.

 
 
 
 
 
Comment by Professor Bear
2015-04-24 06:18:54

Does a seventh month of falling US business investment portend new stock market record highs again today?

At what point does bad economic news become bad for stocks?

Comment by azdude
2015-04-24 06:22:04

one day people will wake up to 30% losses overnight.

Seems like the dotcom bubble all over again. The greed is sucking people back in.

Comment by Professor Bear
2015-04-24 07:41:11

Is it safe to assume that stocks will only go up at least through the 2016 election season?

 
Comment by Combotechie
2015-04-24 09:10:43

“The greed is sucking people back in.”

And the greed is fed by the rise, so it’s the rise that is sucking people back in.

Go figure.

 
 
 
Comment by Combotechie
2015-04-24 06:22:40

Here are two videos - spoof car ads - apparently generated as in-house humor by Ralph Williams and Chick Lambert - two of the biggest crooks you will ever find outside of the Halls of Congress and the White House.

The ads are spoofs but they reek of the truth. I personally know of one guy who got ripped of by Chick Lambert (the contracts he signed were switched) when Lambert was the sales manager of Brand Motors Ford in Torrance, CA.

Anyway, enjoy, and keep in mind that although these adds are obviously not meant to be broadcasted they reveal, down deep, just who these guys are.

https://www.youtube.com/watch?v=fkr5SOxjihI
https://www.youtube.com/watch?v=DK6BksCzTKs

Comment by Combotechie
2015-04-24 06:38:27

For those who care, here’s some info about Ralph Williams.

http://articles.latimes.com/1989-03-18/business/fi-227_1_wilson-ford

 
 
Comment by Professor Bear
2015-04-24 06:23:41

Is the current round of Grexit fears on hold?

Comment by Professor Bear
2015-04-24 22:35:02

Deutsche Welle
Greece
‘Grexit’ would serve nobody’s interests
Date 24.04.2015
Author Vicky Pryce

The Greek situation is deteriorating by the minute and an end is not in sight. Indeed, there may not be a resolution until June, leaving the country in a dangerous limbo, writes Vicky Pryce.

 
 
Comment by Professor Bear
2015-04-24 06:25:11

Do this week’s Chinese dollar debt defaults portend more to come?

Comment by Albuquerquedan
2015-04-24 06:50:57

Yes. Because China is becoming a normal economy where people are allowed to fail. It is a good thing.

Comment by Professor Bear
2015-04-24 07:43:50

I agree regarding the aspiration, but the adjustment process could get somewhat bumpy.

 
Comment by Blue Skye
2015-04-24 08:51:31

It is a government run operation that is defaulting on its overseas debts. That’s a far cry from “allowing people to fail”.

Comment by Albuquerquedan
2015-04-24 09:09:32

Please back up that statement that it is a government run operation and the implied statement that it is just the overseas debts that are not being paid. China when it was trying to cool its housing bubble cut-off additional credit from its banks and they ran overseas to circumvent the policy. The creditors knew this when they loaned the money, thus most of the defaults will probably be overseas but not all the defaults. However, there is no indication that foreign creditors are being treated different from local creditors and this is the other thing being ignored, no one knows whether in the end the creditors will receive 100 cents on the dollar since the collateral has not been sold.

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Comment by Blue Skye
2015-04-24 09:38:09

You are talking about Chinese developer fraud. The government made it illegal to buy land with borrowed money, so the developers set up shell companies to borrow the money and they paid cash with the other hand. Heads should roll.

I am talking about this;

“Baoding Tianwei Group Co., the unit of central government-owned China South Industries Group Corp., said it will fail to pay 85.5 million yuan ($13.8 million) of bond interest due Tuesday. Kaisa Group Holdings Ltd. became the first Chinese developer to default on its U.S. currency debt Monday.”

“China’s corporate debt is the highest in the world, former central bank adviser Yu Yongding wrote in the official China Daily last week. Companies had $14.2 trillion in debt at the end of 2013, exceeding every other country including the U.S.”

from Bloomberg 3 days ago.

 
Comment by Albuquerquedan
2015-04-24 09:49:33

OK and from yahoo, I learn that it is very much a special situation due to its inability (probably temporary) to access its parent’s assets due to a court order. Most of the SOEs are in a position to issue equity to pay off loans, this one is not. But I support the general policy as stated in the yahoo article:

Until now, only private-sector companies have defaulted in China’s domestic bond market even as state-owned enterprises have sold the vast majority of debt. Tianwei’s default highlights a shifting attitude toward financial risk, underscored by Premier Li Keqiang’s pledge to open a cooling economy to market forces and strip power from the government.

 
Comment by Blue Skye
2015-04-24 09:55:57

It’s the government defaulting on the USD loans. “Market forces blah blah blah” is spin. Government owned enterprise.

 
Comment by Albuquerquedan
2015-04-24 10:08:49

Which will be forced to become a privately owned enterprise by selling equity to pay off debt. I am all for that.

 
Comment by Albuquerquedan
2015-04-24 10:19:33

A major problem in China is SOEs have been able to borrow at the state own banks at will, while the private sector has had to borrow at a rate two to three times in the “shadow” banking sector. The state banks are holding most of the debt of the SOEs. Now, China is allowing private banks and is leveling the playing field between SOEs and private corporations by taking away the implicit guarantee for SOEs, this is not bad news but good news for future growth.

 
Comment by Blue Skye
2015-04-24 19:18:16

So you think the China government banks are lending USD to their own departments? That is a very odd contortion to make this default actually good news for you. I am imagining the red flag here is that overseas creditors will not get paid. China will “let someone fail” as you say, but just maybe it will not be themselves.

 
 
Comment by Professor Bear
2015-04-24 18:17:17

Didn’t Uncle Sam make China whole on U.S. “state-owned enterprise” debt (aka Fannie Mae and Freddie Mac = government-sponsored enterprises)?

Matthews Asia: China’s First SOE Default: More To Come?

Posted By: Guest PostPosted date: April 24, 2015 12:05:03
by Teresa Kong, CFA, Matthews Asia

There has been a widespread perception amongst investors that Chinese state-owned enterprises (SOEs) will not default. This is based on the assumption that even if an SOE is not commercially viable, the Chinese government is willing and able to bail it out. This perception is now being put to the test as a power equipment manufacturer and new energy developer, Baoding Tianwei Group, just missed its coupon payment.

While the government may still step in to make the payment, I believe that this default might indeed be a strategic move by the Chinese government to further liberalize its capital markets, and to reform its SOEs. It may even serve the government’s agenda for the market to reallocate capital away from poorly managed firms in industries with over-capacity, and toward firms in productive industries that are well-run. A functioning market requires the proper pricing of risk by participants. This means that the higher the probability of default, the higher the yield an investor should demand in return for taking on its credit risk. It also requires a legal framework to ascertain recovery value should a default occur. Even when a company goes into default, not every claimant gets the same recovery. Different classes of claimants typically end up with a different recovery value, depending on the seniority and the underlying asset coverage of that claim. Indeed, the recent defaults of private enterprises—including that of Cloud Live Technology Group earlier this month and Shanghai Chaori Solar last year—have led to better pricing of risk, as evidenced by the increase in spread dispersion.

However, few believed that SOEs would default, as evidenced by the narrow spread premium that SOEs have to pay. This means that onshore bond investors are relying less on credit fundamentals, and more on the implicit guarantee of the state. This perception of implicit state support has arguably caused the market to systematically under-price the debt of SOEs relative to their private counterparts, all else being equal. In fact, this has created moral hazard on the part of SOEs. Just like other goods priced too cheaply, demand goes up, causing SOEs to take on too much leverage.

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Comment by Professor Bear
2015-04-24 18:06:17

Philip Davis, Phil Stock World
Stock and Options Newsletter, Teaches Hedging Strategies, Smart Portfolio Management
Kaisa Bond Default Underlines China Housing Crash
Apr. 24, 2015 10:28 AM ET
What is Kaisa?

Kaisa Holdings is #1638 on the Hong Kong Stock Exchange and is currently trading at 50% of its 2014 price at $1.50 per share. That may make it seem unimportant but, in the Wacky World of Chinese Stocks - it’s a $1Bn+ company. Kaisa specializes in large-scale real estate projects and has borrowed $10.5Bn for various projects but, unfortunately, just went into default for lack of $52M as it also delayed the release of 2014 financials.

Already the company’s $800M worth of 8.875% 2018 bonds have dropped to 55 cents on the dollar and 2020 notes are no fetching just 29.9% of face value and that’s going to look generous as this situation rapidly spirals out of control. It is estimated that, in a full default, Kaisa’s bond-holders can expect about 2 cents on the dollar because the company has generated no real value for them after spending $10.5Bn of other people’s money.

Kaisa last month postponed its results announcement for 2014, saying that auditors needed more time to verify its accounts. There may be a “significant adjustment” to the figures, the company said on March 31 without saying when the results would be released.

The earnings and profitability of some Chinese property developers may deteriorate further in 2015 and more defaults can’t be ruled out, S&P said in a report Friday. It said developers’ annual results for 2014 indicate many are in “significantly worse” shape than the previous year.

If you are an investor in Chinese notes or Chinese stocks, consider this a warning. I will remind you that these are slow-rolling crises that take quite a long time (in the timeframe of the average investor) to unwind.

 
 
Comment by Raymond K Hessel
2015-04-24 06:25:28

On November 4, 2016, millions of sheeple will flock to the polls to vote for more crony capitalism and to further enrich their .1% overlords.

http://www.businessinsider.com/nyt-reporter-clinton-lied-about-meeting-2015-4

A Pulitzer Prize-winning New York Times reporter has claimed former President Bill Clinton falsely denied hosting a meeting with Kazakh officials when she tried to write a story that involved his foundation several years ago.

Jo Becker, who works on the newspaper’s investigative desk, said Clinton only confirmed the meeting took place after she informed him there were photographs.

Clinton’s role in a deal that involved Kazakhstan, the Russian government, and a man who donated millions to the president’s charitable foundation were detailed in a story Becker published on Thursday.

Comment by X-GSfixr
2015-04-24 06:59:59

The Clintons lying????????

You could have knocked me over with a feather when I heard that……

 
Comment by butters
2015-04-24 07:27:34

Clintons lie on behalf of the little guys all the time. Too bad, it’s Bill, Hillary and Chelsea who they consider to be the only little guys around.

 
 
Comment by X-GSfixr
2015-04-24 06:54:56

Ahhhhh, the morning commute…..

With the Indian H-1Bs filling the car pool lanes in their Camrys and Accords, and the wretched refuse from Mehico packed 10-12 deep,in their 20 year old, POS, full size vans with Texas plates.

Comment by Albuquerquedan
2015-04-24 06:58:07

You need a cup of coffee, maybe some Irish coffee later.

Comment by X-GSfixr
2015-04-24 07:02:36

I admit Im lapsing into the “get off my lawn” mindset.

Doesnt make my observations less valid.

 
 
Comment by butters
2015-04-24 07:23:59

I live in an apartment Complex I fondly call “Hyderabad, USA.” Many Indians in the complex drive shiny BMW, Audis, Merc, Acura, etc. When I see a luxury car passing by within the complex 9 out of 10 times, it is an Indian on the driving seat. On the flip side if it is Hyundai or Kia, etc. 7 out of 10 times, its a white ‘merkan.

Comment by In Colorado
2015-04-24 08:52:44

Status is very important to them. My Indian co-workers drive hot cars. They also always brown bag their lunches and never go out with us. Having a hot car lets everyone back home know that “they’ve made it”

Comment by MightyMike
2015-04-24 09:20:54

I’ve seen the brown bagging at work too. My guess is that they want to eat the kind of food that they ate at home, not burgers or Mexican or whatever you eat when you go out for lunch.

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Comment by butters
2015-04-24 09:39:53

The are plethora of indian restaurants in any mid to big city these days.

 
Comment by MightyMike
2015-04-24 09:57:51

I’m not certain, but I think that Colorado’s office is out in a suburb somewhere. Besides that, India a big country. From what I understand, there are different cuisines in the different regions.

 
Comment by In Colorado
2015-04-24 10:16:28

We have Indian restaurants near the campus.

I can understand that they would brown bag sometimes … but they always brown bag.

 
Comment by butters
2015-04-24 10:22:01

I think it could be psychological. Eating out is relatively cheaper in USA than India for the income. The h1b indians are penny wise pound foolish.

 
Comment by butters
2015-04-24 10:23:06

And behavioral. Eating out is done in rare occasions like parties and celebrations in most of the eastern world.

 
Comment by palmetto
2015-04-24 13:03:55

The Dabbawala. Food delivery service in India. Yeah, it’s a big country. And way overpopulated. So much so, they can’t even brown bag it on public transportation in the cities.

http://en.wikipedia.org/wiki/Dabbawala

http://www.nbcnews.com/news/asian-america/indian-food-delivery-service-envy-fedex-n156291

https://www.youtube.com/watch?v=fTkGDXRnR9I

So brown bagging is actually probably a sign of status. Can’t do that in the old country.

 
 
 
Comment by Califoh20
2015-04-24 09:40:14

Aliso Viejo, CA? Dont forget the Persians in the MB’s.

 
 
 
Comment by X-GSfixr
2015-04-24 06:58:30

And forgot to mention……

The southern boy contractors with Tennessee/Georgia plates on their F-250s -350s, installing Google Fiber, taking jobs that mid-westerners cant or wont do.

Comment by In Colorado
2015-04-24 08:54:09

They’re installing Google Fiber in Kansas? I ask because AFAIK Denver is not even on their list yet.

Comment by Combotechie
2015-04-24 09:20:18

From Wikipedia:

“Google Fiber is Google’s fiber-to-the-premises service in the United States, providing broadband internet and cable television to a small and slowly increasing number of locations.

“The service was first introduced to Kansas City metropolitan area, followed by expansion to 20 Kansas City area suburbs within 3 years. Initially proposed as an experimental project, Google Fiber was announced as a viable business model on December 12, 2012, when Google executive chairman Eric Schmidt stated “It’s actually not an experiment, we’re actually running it as a business,” at the New York Times’ Deal Book Conference. Google Fiber announced expansion to Austin, Texas, and Provo, Utah in April 2013. In February 2014, Google announced they had chosen another 34 cities in 9 metro areas as candidates for future expansion. In January 2015, Google selected Atlanta, Charlotte, Raleigh, Durham, and Nashville as the next markets that will receive Google Fiber deployments. On March 24, 2015, Google announced it would be expanding Google Fiber into Salt Lake City (referred to as Silicon slopes).”

I have it on good authority that when Google Fiber moves into an area the rates charged by competitors such as AT&T get severely whacked.

Funny how that is.

Comment by Combotechie
2015-04-24 11:18:13

The downside of fiber-to-the-premises (if you are an investor) is if there are TWO or more competing companies vying for the same customer base and if the service you are offering is nothing but a bit stream and if a bit stream is a bit stream then the only way you can compete is by price.

IOW if you are a bit stream pipe and if you are the only bit stream pipe then you get to call the shots. But if you are not the only bit stream pipe then you don’t, you don’t get to call the shots; What you get to do instead of calling the shots is to engage in a price war.

So one year you may be a Shot Caller and the next year you may be cutting your rates to the bone.

And if the cost of your bit stream pipe infrastructure is older than the new kid on the blocks then yours just might be a bit costlier, and if yours is costlier then you will not be able to cut rates to the degree the new kid on the block can cut rates because your cost structure will not be as low as his.

And if you are the new kid on the block that has any sense you will not enter a market where the only way to compete is by price unless you can insure that your cost structure is lower than the old kid on the block’s price structure. Which means that it is a good assumption that Google Fiber will only enter a market where its cost structure is lower than its competitors (i.e. AT&T). And this is something to think about if you are an investor in a company such as AT&T.

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Comment by Combotechie
2015-04-24 11:25:36

“price structure” should read “cost structure”.

A company should not seek to enter into a price war with a competitor unless he knows his cost structure is lower than his competitor’s cost structure.

 
Comment by X-GSfixr
2015-04-24 11:27:42

Check out Google’s KC website for areas of service and prices.

Unfortunately, I can’t get it. Apartment dwellers are at the mercy of their landlord to decide if they want to make it available or not.

Time Warner and Co, ATT, etc. have pizzed off so many people, many are willing to pay a premium for a super fast service, even if it costs significantly more than anyone else.

Everyone around here that has Google Fiber thinks it’s A OK.

 
Comment by Combotechie
2015-04-24 11:36:22

Normally people do not have two water companies offering them service, or two gas companies, or two power companies. But it’s getting to be quite common for two (or more) communication-type companies offering people services. And because of this the economic results for these communication-type companies can turn out to be quite interesting.

Stay tuned.

 
Comment by Albuquerquedan
2015-04-24 15:46:28

A company should not seek to enter into a price war with a competitor unless he knows his cost structure is lower than his competitor’s cost structure.

True and the U.S. should not have entered into an oil price war with Russia knowing that this country’s cost structure for oil was much higher than Russia’s cost structure. The Saudis are laughing all the way to the bank that Obama tried a replay of Reagan’s war and asked them to participate. Back then, we did have a lower cost structure.

 
 
 
 
 
Comment by Albuquerquedan
 
Comment by Combotechie
2015-04-24 07:09:05

BREAKING NEWS (not):

“The Fed’s Day of Reckoning Nears”

An extract:

“The current debate about the direction of monetary policy is proceeding as though the U.S. economy were actually recovered. Some FOMC members and market observers want to see a rate hike to forestall increased inflation, an ancient fear that seems to be ill-considered. The global economy is still confronted by excessive debt and secular deflation, perhaps not in terms of prices for financial assets, but certainly when we look at wages, employment and commodity prices. Indeed, despite the efforts by the Fed to reflate the global economy, the United States seems to be suffering from a prolonged period of slack demand, low investment and weak prices for key industrial inputs.

“For the past several years, the FOMC has maintained a target of 2 percent inflation as one of the indicators it wishes to achieve before changing policy, yet today that goal seems further away than when the target was first adopted. Indeed, consumption seems to be falling around the world, along with global commodity prices. Even the rulers of communist China have embarked upon a program to boost economic activity. Yet, ironically, the inflation hawks in and around the FOMC continue to warn of future price increases.”

http://nationalinterest.org/feature/the-feds-day-reckoning-nears-12714

Comment by Albuquerquedan
2015-04-24 07:29:02

While there is some validity to that argument, the counter argument is the Fed is playing a very dangerous game since it is completely out of bullets. When China slows it has plenty of room to cut interest rates to keep growth where it wants it. What would the Fed do if an external shock caused a recession in the U.S.? Cut its .25% interest rate, go negative, how far can you really go before people just keep the money under their beds? We live in very dangerous economic times which probably ties into the FEMA links up above. We have a central bank with a four trillion + balance sheet and a .25% discount rate, and a federal government with a debt approaching 19 trillion, which is larger than the entire economy. That is why the Fed is desperate to reload. We are like a homeowner that has no savings and maxed out credit cards, what does he or she do if the hot water heater bursts?

Comment by Professor Bear
2015-04-24 07:46:42

“What would the Fed do if an external shock caused a recession in the U.S.?”

QE4. It’s completely obvious and not worth a long post to discuss.

Comment by Albuquerquedan
2015-04-24 07:50:43

QE4, how effective could that be when interest rates are already at rock bottom?

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Comment by Professor Bear
2015-04-24 08:11:37

Probably about as effective as QE1, QE2 and QE3 were when interest rates were already at rock bottom.

 
Comment by Albuquerquedan
2015-04-24 08:28:13

They were not at rock bottom at QE1 or even at the start of QE3, hence they were able to move down interest rates on home loans and car loans and thus generate some economic activity. Now, that we have lowered both interest rates and the FICO scores needed to obtain loans on both, where do you go for economic growth?

 
Comment by Combotechie
2015-04-24 08:42:26

“Now, that we have lowered both interest rates and the FICO scores needed to obtain loans on both, where do you go for economic growth?”

Crickets, I hear crickets. I wonder if the guys at the Fed also hear crickets.

 
Comment by butters
2015-04-24 10:25:12

NIR. Negative Interest Rates.

They will pay you to spend their money.

 
Comment by Albuquerquedan
2015-04-24 10:37:39

One place we know that the growth is not coming from is shale oil which was responsible for a major percentage of all the growth in the U.S. economy. Rig counts down again and the interesting thing is the drop was centered in Texas and North Dakota, in fact the rest of the country had a nominal increase but not enough to make up for the drops in those states. My read: companies are not drilling anywhere but the sweet spots in the plays and when the rig is done drilling the areas around the drilling pad it is getting stacked, showing that the sweet spots are rapidly running out:

http://phx.corporate-ir.net/phoenix.zhtml?c=79687&p=irol-reportsother

 
Comment by Albuquerquedan
2015-04-24 13:22:14

Interestingly this has the WTI low in March at $42, I think it must be intraday also talks about crashing rig numbers:

http://in.reuters.com/article/2015/04/24/energy-oil-rigs-baker-hughes-idINL1N0XL1I920150424

 
Comment by Professor Bear
2015-04-24 18:13:21

“They were not at rock bottom at QE1 or even at the start of QE3,…”

BZZZZZZZZZZZZZZT…wrong answer (again!).

QE1 started in March 2009. The zero bound was effectively reached in December 2008, and the Fed Funds Rate has remained a hair’s breadth away ever since.

FEDFUNDS

Effective Federal Funds Rate, Percent, Monthly, Not Seasonally Adjusted
Frequency: Monthly
observation_date FEDFUNDS
2005-03-01 2.63
2005-04-01 2.79
2005-05-01 3.00
2005-06-01 3.04
2005-07-01 3.26
2005-08-01 3.50
2005-09-01 3.62
2005-10-01 3.78
2005-11-01 4.00
2005-12-01 4.16
2006-01-01 4.29
2006-02-01 4.49
2006-03-01 4.59
2006-04-01 4.79
2006-05-01 4.94
2006-06-01 4.99
2006-07-01 5.24
2006-08-01 5.25
2006-09-01 5.25
2006-10-01 5.25
2006-11-01 5.25
2006-12-01 5.24
2007-01-01 5.25
2007-02-01 5.26
2007-03-01 5.26
2007-04-01 5.25
2007-05-01 5.25
2007-06-01 5.25
2007-07-01 5.26
2007-08-01 5.02
2007-09-01 4.94
2007-10-01 4.76
2007-11-01 4.49
2007-12-01 4.24
2008-01-01 3.94
2008-02-01 2.98
2008-03-01 2.61
2008-04-01 2.28
2008-05-01 1.98
2008-06-01 2.00
2008-07-01 2.01
2008-08-01 2.00
2008-09-01 1.81
2008-10-01 0.97
2008-11-01 0.39
2008-12-01 0.16
2009-01-01 0.15
2009-02-01 0.22
2009-03-01 0.18
2009-04-01 0.15
2009-05-01 0.18
2009-06-01 0.21
2009-07-01 0.16
2009-08-01 0.16
2009-09-01 0.15
2009-10-01 0.12
2009-11-01 0.12
2009-12-01 0.12
2010-01-01 0.11
2010-02-01 0.13
2010-03-01 0.16
2010-04-01 0.20
2010-05-01 0.20
2010-06-01 0.18
2010-07-01 0.18
2010-08-01 0.19
2010-09-01 0.19
2010-10-01 0.19
2010-11-01 0.19
2010-12-01 0.18
2011-01-01 0.17
2011-02-01 0.16
2011-03-01 0.14
2011-04-01 0.10
2011-05-01 0.09
2011-06-01 0.09
2011-07-01 0.07
2011-08-01 0.10
2011-09-01 0.08
2011-10-01 0.07
2011-11-01 0.08
2011-12-01 0.07
2012-01-01 0.08
2012-02-01 0.10
2012-03-01 0.13
2012-04-01 0.14
2012-05-01 0.16
2012-06-01 0.16
2012-07-01 0.16
2012-08-01 0.13
2012-09-01 0.14
2012-10-01 0.16
2012-11-01 0.16
2012-12-01 0.16
2013-01-01 0.14
2013-02-01 0.15
2013-03-01 0.14
2013-04-01 0.15
2013-05-01 0.11
2013-06-01 0.09
2013-07-01 0.09
2013-08-01 0.08
2013-09-01 0.08
2013-10-01 0.09
2013-11-01 0.08
2013-12-01 0.09
2014-01-01 0.07
2014-02-01 0.07
2014-03-01 0.08
2014-04-01 0.09
2014-05-01 0.09
2014-06-01 0.10
2014-07-01 0.09
2014-08-01 0.09
2014-09-01 0.09
2014-10-01 0.09
2014-11-01 0.09
2014-12-01 0.12
2015-01-01 0.11
2015-02-01 0.11
2015-03-01 0.11

 
Comment by Professor Bear
2015-04-24 22:55:10

Here is a figure (in this case, a picture is worth a thousand digits!)…

 
Comment by Professor Bear
2015-04-24 22:56:10

If the figure I just posted represented an EKG, everyone would agree the patient had died.

 
 
 
 
Comment by robot
2015-04-24 07:52:10

The hard part is to figure out how near it is

 
 
Comment by rj chicago
Comment by Albuquerquedan
2015-04-24 08:17:47

60 Democrats in the Senate overwhelming majority in the House and all Obama managed to do is pass Obamacare and the consolidation of banking act, (Dodd/Franks). If I was on the left I would be so pissed that he blew an opportunity to change things that comes once in a lifetime to one party or another.

Comment by Califoh20
2015-04-24 09:35:43

We dont all drive a Model T, they kept improving the car.

Why are we not improving health care reform? Why do we let the insurance companies win? The do-nothing congress bites.

Comment by butters
2015-04-24 10:10:43

And the do something congress gave us o’care. what’s your point?

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Comment by Califoh20
2015-04-24 14:43:49

Ford gave us the Pinto too…. we dont stop getting better!

the American way is not to quit (hear that GOP)?

Did you really miss the point?

 
Comment by Califoh20
2015-04-24 14:59:13

ps. I agree The Health Care act is garbage, all it did is give insurance co’s millions more clients and the high cost stayed the same for health care. Too bad that is the best Congress can do. Profits before people!

 
 
 
Comment by RioAmericanInBrasil
2015-04-24 11:36:09

If I was on the left I would be so pissed that he blew an opportunity to change things that comes once in a lifetime to one party or another.

That’s because you choose not remember the history of the time and the politics of the time.

Those on “the left” who remember the history of the time and the politics of the time realize that Obama did implement the type of change that only comes once in a lifetime. He did it.

If it were not the type of change that only comes once in a lifetime the Repubs would not be still so out of sorts about it almost 5 years on now.

Comment by Albuquerquedan
2015-04-24 13:46:46

Talk about spin. Ronald Reagan changed the politics of his times which is what real leaders like Reagan and Thatcher do. Obama’s legacy will be national Romneycare and Dodd/Frank which has consolidated the banking industry even more in the favor of big banks that caused the crash. Conservatives want him out due to his ability to issue executive orders which luckily can be undone with just a pen by the next president, no legacy there.

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Comment by Califoh20
2015-04-24 14:48:56

Bush and the Nazi had full control for 6 yrs!! I am so pisszzed, you are right, we missed a chance to secure the borders, cut spending, and de-regulate as promised.
duh! all we got was a $3 trillion war that never ends.

Reagan tripled the deficit and gave amnesty to 3 mill - smoke and mirrors. they are all the same, do as bankers ask.

Comment by Albuquerquedan
2015-04-24 15:09:58

Reagan added 1.5 trillion dollars to the debt and won the cold war allowing future presidents the ability to cut defense and balance the budget. Obama will have added 9 trillion to the debt to provide Obama phones etc. with no return for the money.

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Comment by Califoh20
2015-04-24 17:05:50

pull out the cost of the Bush Wars and the Bush Tax cut and maybe even the Bush Recession, then ask yourself with did OBAMA due to add to the deficit.

Know your party, they love to spend, spend spend.

Reagan was the beginning of the end.

 
Comment by rms
2015-04-24 18:58:18

“Reagan was the beginning of the end.”

Saint Ronnie certainly did irreparable damage, but LBJ’s Great Society was the beginning of the end, IMHO.

 
 
 
 
Comment by In Colorado
2015-04-24 09:01:21

Why is it that EVERY INDUSTRIALIZED COUNTRY in the world has a National Health System that delivers comparable healthcare outcomes for 1/3 the cost of our system?

Are Americans too incompetent to implement such systems? Are the Taiwanese or British smarter than we are? Are the French better organized? Why can’t we do it?

I say repeal Obamacare and let the previous status quo, with annual double digit cost increases and ever growing numbers of uninsured, resume. Let it continue until only 10-20% can afford healthcare, then the whole system will come crashing down and then we can start from scratch. That is the American way, after all. We ignore problems until they become full blown crises.

Comment by Albuquerquedan
2015-04-24 09:21:03

Well one of our problems is that we do have far more obesity than other developed countries and it is very costly. We also shoulder far too much of the development costs of drugs, pharma companies sell them far cheaper overseas while we pay the R &D costs. I do not see how Obamacare solved either one of those problems. We also have tort liability costs that far exceed other countries and Obama actively fought any attempt to have tort reform be part of Obamacare.

Comment by Albuquerquedan
2015-04-24 09:36:29

The numbers have not improved since 2003, we are 2.5 times Germany’s obesity rate and about 10 times South Korea, do you think that might explain some of the disparity?

http://www.nationmaster.com/country-info/stats/Health/Obesity

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Comment by Califoh20
2015-04-24 09:44:40

My neighbor is a doctor, he will never volunteer his time in the USA knowing he can be sued by someone who got free care. He does go to Mexico every two yrs to donate his time as they cant sue.

Tort reform is badly needed. Ask any doctor about all the useless test they have to order for fear of lawsuits. Insurance companies are winning and congress approves.

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Comment by MightyMike
2015-04-24 10:50:22

Why is it that EVERY INDUSTRIALIZED COUNTRY in the world has a National Health System that delivers comparable healthcare outcomes for 1/3 the cost of our system?

Are Americans too incompetent to implement such systems? Are the Taiwanese or British smarter than we are? Are the French better organized? Why can’t we do it?

The answer mostly has to do with politics. You see in the news when people are pissed off in France, Germany, Greece, etc. that the streets are filled with citizens demanding that the government change its behavior. Here in America people feel hopeless and isolated and think that nothing can be done.

Back in the Sixties Americans got out and marched and protested and so forth. There was the civil rights movement, the anti-war movement and a number of others. Somehow, the culture changed pretty rapidly once we got into the Seventies.

Comment by Califoh20
2015-04-24 14:53:09

+1 Lawyers run the USA, they win. People lose.

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Comment by Raymond K Hessel
2015-04-24 16:21:50

Are the Taiwanese or British smarter than we are?

In a word, yes. When 95% of your population votes for the likes of Bush, Obama, McCain, Romney, or HillaryJeb, you’re a nation of retards.

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Comment by RioAmericanInBrasil
2015-04-24 11:53:44

This is for Rio……

Your article is simplistic and biased. “ObamaCare costs” are not hurting American’s ability to pay. It’s just the continuing trend in place.

ACA lowered the rate of increase in premiums. An underlying problem in America is that wages are not keeping up with health-care costs and have not for about 4 decades. Yes. More needs to be done in health-care and wage growth as most Americans know.

Workers Pay More For Health Care Despite Slowed Premium Increases: Study

http://kaiserhealthnews.org/morning-breakout/workers-pay-more-for-health-care-despite-slowed-premium-increases-study/

Stagnant wage growth caused workers to need a bigger percentage of their income to cover premiums and other costs.

Los Angeles Times: Workers Paying More For Health Insurance, But Getting Fewer Benefits
Although the Affordable Care Act has not led to soaring insurance costs, as many critics claimed it would, the law hasn’t provided much relief to American workers either, according to a new study of employer-provided health benefits. Workers continue to be squeezed by rising insurance costs, eroding benefits and stagnant wages, the report from the nonprofit Commonwealth Fund found. (Levey, 1/7)

CBS News: Study: Premium Growth Slowed After Obamacare
The Affordable Care Act may be helping to slow down the ever-growing costs of health care, according to a new report.

…McClatchy: Cost Growth In Job-Based Health Coverage Slowed After Health Law Passed
Thirty-one states and the District of Columbia saw slower growth in job-based health insurance premiums after the Affordable Care Act became law, according to a new report by the Commonwealth Fund. But because of slow wage growth, average annual health insurance premiums ate up 20 percent or more of household income in 37 states in 2013. That’s up from just two states, New Mexico and West Virginia, in 2003. (Pugh, 1/8)

Comment by rj chicago
2015-04-24 12:14:30

Rio - the simple truth is no matter who favors otraumacare - the deal is we ARE paying more - that is the bottom line - since you no longer reside here in the USSA - may I remind you that your only looking from afar now and not LIVING this abortion called otraumacare - until it hits you in the middle of your coconut the discussion me thinks is mute and one way - sad to say - you have to live here to believe what is going on. That is all.

 
 
 
Comment by Bring Back the WPA
2015-04-24 08:31:03

Data proves that Congress disrespects this President more than any other:

http://fivethirtyeight.com/datalab/obama-has-waited-longer-for-cabinet-confirmations-than-any-other-recent-president/

When a black president nominates a black female AG, the reply from the largely southern conservative white GOP is: Sit at the bus stop and wait six months, b1tch.

Comment by Albuquerquedan
2015-04-24 08:38:12

And he disrespects congress more than any other president, it works both ways.

 
Comment by Califoh20
2015-04-24 09:38:13

As we have witnessed for 6+ years, the GOP hates Obama more than they love the USA. Fact.

Watching the Daily Show should be mandatory in this country so the sheeple witness the hypocrisy and lies in congress.

Comment by butters
2015-04-24 09:55:35

It’s cool to love USA now? Do we need to wrap ourselves in flags, too?

USA USA USA USA

Comment by Califoh20
2015-04-24 14:45:24

What does “cool” even mean to you? Who cares what is cool.

Daily Show covers it all. 25 min of education you cant afford to miss.

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Comment by butters
2015-04-24 10:13:36

What show do we watch for presidency hypocrisy?

Comment by In Colorado
2015-04-24 10:31:24

House of Cards?

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Comment by Raymond K Hessel
2015-04-24 16:23:36

As we have witnessed for 6+ years, the GOP hates Obama more than they love the USA. Fact.

They don’t hate him, they hate the way they come in second to the Dems when it comes to dividing up the spoils.

Comment by Califoh20
2015-04-24 17:10:06

least productive congress in the history of the USA. The turtle swore to do nothing for 8 yrs. He is doing nothing but obstruct.

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Comment by Albuquerquedan
 
Comment by X-GSfixr
2015-04-24 08:44:54

The -fixr wistfully reviews his 401K, which has grown tremendously in the past few years.

Knowing it is all BS. Wanting to roll it into cash, or a cash equivalent, but can’t without quitting his job. Because the 401K has no options for turning investments into cash, or cash equivalents, or anything else besides index funds, corporate bond funds, or funds packed with MBS.

So the -fixr feels the repeat of 2008 looming in the windshield. With no options, other than riding the roller coaster over the precipice.

Things were better back in the 80s, when there was no internet to do research, and could put all of this BS out of your mind by telling yourself it’s all part of “God’s Plan”

Comment by butters
2015-04-24 09:36:36

Money market isn’t as safe as it used to be. You will have to give back the vapor when the shtf.

 
Comment by Blue Skye
2015-04-24 09:52:18

Consider borrowing up to 50% and holding that outside the plan. Holding cash is not without the risk of misplacing it, but at least it would be under your control for a while.

Comment by AbsoluteBeginner
2015-04-24 11:01:03

‘Consider borrowing up to 50% and holding that outside the plan. Holding cash is not without the risk of misplacing it, but at least it would be under your control for a while.’

Does that mitigate against the bond/MBS/Index funds still losing principal? I may be wrong, but the 401K company fronts the money for a loan, no? The tax-deferred holdings are not liquidated to yield the freed up cash AFAIK. You can borrow the money and have cash in hand, but the account assets could still get whacked with a 2008 repeat just the same and you will have to give back the cash and will not go into buying the lower NAV funds. In comparison, I think my plan allows near 100% account value loaned out if I hold all the 401K money in the stable value/ money market option. When I have all the money tied up in the equity and bond funds, only up to 50% is borrowable.

 
 
Comment by In Colorado
2015-04-24 10:30:24

Because the 401K has no options for turning investments into cash, or cash equivalents, or anything else besides index funds, corporate bond funds, or funds packed with MBS.

Can you take a loan out of the 401K? Some plans allow you to borrow as much as 50% of your vested balance.

Another option is to but into a bond fund, especially one that invests in US treasuries. As long as interest rates don’t rise, and I don’t think they will anytime soon, you should be moderately protected there.

 
 
Comment by Albuquerquedan
2015-04-24 08:45:16

Wells Fargo is having trouble keeping up with the Chinese banks:

http://europe.chinadaily.com.cn/business/2015-04/24/content_20529751.htm

Comment by Albuquerquedan
2015-04-24 10:11:15

Large Excerpt:

ICBC’s market capitalization was $315 billion on Thursday, 11 percent more than Wells Fargo based in San Francisco.

According to analyst Steven Chan, of Maybank Kim Eng Securities Pte in Hong Kong, Chinese banks’ gains may be supported by monetary easing lowering their funding costs and limiting bad loans, the report said.

China has cut interest rates and lenders’ reserve requirements twice since November.

“The next round of the rally is likely to be related to some of the foreign institutional investors realizing that they’ve been too pessimistic about China’s banks,” Chan said.

ICBC reported a net profit rise of 5.1 percent year on year to 276.29 billion yuan ($45.29 billion) in 2014.

Business revenue gained 11.7 percent in 2014 from 2013 to 658.89 billion yuan. Among the total revenue, the net interest income gained 11.3 percent year on year to 493.52 billion yuan.

The bank’s total assets hit 20.61 trillion yuan, up 8.9 percent year on year.

 
 
Comment by Albuquerquedan
Comment by palmetto
2015-04-24 13:06:57

The only reason they won’t impeach is because he’s a halfblack.

 
Comment by rj chicago
2015-04-24 14:10:19

Just suck it up America - you bunch of lunk headed dolts voted for this empty suit and slogan not once but twice. Suck it up because the beatings will continue you stupid donks!!!
We have a radio talk guy here and former congressman who says everyday - America gets what it deserves because like Mr. Kessel has said alot lately - we are a country of fat, lazy, stupid people who are more concerned with Bruce Jenner’s sex change than we are about our own governance. Yikes!!!

Comment by Raymond K Hessel
2015-04-24 16:27:50

“As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last and the White House will be adorned by a downright moron.”

― H.L. Mencken

 
Comment by Califoh20
2015-04-24 17:18:39

One reason I chose my town very carefully, some have many more tards than others. Percentage of college grads is a good indication of independent thinkers as are bike trails in a city. Even one of our two McDonalds closed 10 y rs ago. (still empty) And no one here talks about network TV. South Park, maybe.

Comment by rms
2015-04-24 19:03:47

“One reason I chose my town very carefully…”

Willoughby?

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Comment by MightyMike
2015-04-24 15:16:52

That crackpot nonsense from Lou Dobbs just reinforces the lameness of Fox for the ten millionth time.

Comment by Albuquerquedan
2015-04-24 15:55:13

I do not like Fox news but I do like Fox Business, Dobbs, Cavuto, Paine, and Stossel are some of the most intelligent people on the air. But stick to MSNBC and the Huffington Post, the entire line-up on MSNBC cannot walk and chew-gum at the same time.

Comment by MightyMike
2015-04-24 17:16:59

They’re smart alright. They bamboozle tens of millions of Americans into paying attention to unimportant nonsense. I just Googled up Lou Dobbs and saw that he’s a Harvard graduate. It doesn’t matter. He’s still lame.

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Comment by butters
2015-04-24 09:34:34

Bruce Jenner must be psychic or visionary.

He saw Hillary presidency coming miles away and converted himself into those coveted menopausal woman in her 60’s.

Who’s next?

Comment by Albuquerquedan
2015-04-24 10:23:18

Jimmy Carter would make a great “bag lady”.

 
Comment by rms
2015-04-24 13:07:04

“…those coveted menopausal woman in her 60’s.”

ROTFLMFAO!

 
 
Comment by Albuquerquedan
2015-04-24 10:42:14

EIAs estimates of production have been wildly optimistic, they had production increasing in January:

http://finance.yahoo.com/news/big-hit-u-oil-production-211235900.html

 
Comment by Cactus
2015-04-24 11:11:58

From IBM (IBM) to Harley Davidson (HOG). From Proctor & Gamble (PG) to General Motors (GM). The list of companies citing a strong dollar as an earnings headwind seems to grow by the day.

While there is no denying the dollar is stronger now than in any quarter in recent memory, is it a worthy “excuse” for companies who aren’t reporting the kind of earnings Wall Street is looking for?

“It’s totally legit,” says Monica Mehta of Seventh Capital. “If you look at the S&P 500, 45% of the sales for the companies in the S&P 500 as a broad group come from overseas. So when you have a strong dollar you could be kicking butt in sales like Nike (NKE)…but that actually translates to negative top line growth when you take into account the strong dollar.”

For companies that offer products abroad a strong dollar can make the cost to consumers rise which leads to lower sales. Then, whatever they do sell in local currency gets hammered by exchange rates when the money is repatriated.

Comment by Albuquerquedan
2015-04-24 11:41:50

Spiking the dollar has consequences as I said a few months ago.

 
 
Comment by Puggs
2015-04-24 11:33:04

Grrrrrrrrrr, the fact that my SFR with free granite upgrade I bought this winter lost value makes me foam at the mouth!!!!!!!!!!

 
Comment by Albuquerquedan
Comment by Albuquerquedan
2015-04-24 12:43:53

Excerpt, the globalists just do not want to let go and they keep allowing Greece to pile up more debt:

European Central Bank President Mario Draghi said the ECB would go on allowing emergency loans to Greek banks as long as they were assessed as solvent. But he cautioned soaring Greek government bond yields were diminishing the value of the collateral that the banks present to get funds.

Facing a wave of deposit outflows, the banks are staying afloat with 75.4 billion euros in emergency liquidity aid from the Greek central bank. But criticism of the lifeline is growing inside the ECB, central bank sources say, and it would be in doubt if Greece missed a payment to its creditors.

 
 
 
Comment by phony scandals
2015-04-24 13:07:25

Did These Swedish Cops School The NYPD? - YouTube
http://www.youtube.com/watch?v=izdfnHBMwSs - 146k - Cached - Similar pages
18 hours ago

 
Comment by rj chicago
Comment by Califoh20
2015-04-24 17:11:53

corn syrup sales at 4 yr highs. Team America!

 
 
Comment by azdude
2015-04-24 13:23:03

stocks close at record highs on terrible economic data, go figure.

This is making pets.com look like it never happened.

Comment by Albuquerquedan
2015-04-24 15:22:01

This is interesting and ominous, money is flowing out of the stock market as it goes up:

http://finance.yahoo.com/news/growing-disconnect-stock-market-now-192307431.html

Comment by Professor Bear
2015-04-24 18:22:00

Most interesting.

If money is flowing out, what is pushing up prices?

Comment by Raymond K Hessel
2015-04-24 18:46:57

Algos. Da Boyz are slipping out the back, leaving the retail “investors” holding the bag when the bottom drops out (until Auntie Janet lays on QE 4).

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Comment by Califoh20
2015-04-24 17:23:20

I remember during the day trad craze buying (ATOM) for $1.75 then selling literally 45 secs later for $2.85, as it was the days pick in a online newsletter. Found out only later it was Atomic Burrito! That is when I gave up on that game. Fun while it lasted, make $300-800 and go back to bed.

 
 
Comment by rj chicago
2015-04-24 14:06:29

Cincy is a hurtin place already and now another 2 to 3 K in job losses at P & G? Sheesh!!!
This stuff just reminds me of that old adage - The beatings will continue until morale improves……

http://www.usatoday.com/story/money/business/2015/04/24/procter-and-gamble-jobs/26295603/

Comment by Albuquerquedan
2015-04-24 15:16:44

Now, that the re-election of Obama has occurred no one cares about Ohio. Sorry Ohio, I know you wish you could have a do over.

Comment by Raymond K Hessel
2015-04-24 18:49:27

So, ‘Muricans, four trillion deeper in debt, and what have you got for that “hope ‘n change” you were promised?

 
 
 
Comment by Raymond K Hessel
2015-04-24 15:43:43

For those opposed to crony capitalism and the .1%’s annointed candidates, HillaryJeb, you now have an alternative. Time to nut up or shut up.

http://www.webb2016.com

 
Comment by Califoh20
2015-04-24 17:25:07

next….

“who spent four years in the Reagan Administration and then served in the Senate as a Democrat”

Comment by Housing Analyst
2015-04-24 19:14:27

Don’t be a Lola.

 
 
Comment by Bill, just south of Irvine
2015-04-24 19:43:15

I have some 50-something friends I used to work with when we were in our 20s and 30s. Four of them are retiring or retired. Software engineers. They did not make huge money. They were government employees. I’m seeing more and more boomers retiring in the upper age ranges.

I know you all are scoffing when I say that there are lots of articles lately predicting a labor shortage ahead. The xenophobes snicker and say that is just so that the government will get the wetbacks as legal citizens.

However what percentage of those wetbacks are skilled?

That is something the naysayers are quiet about. In my industry I see most of the young people are first and second generation Asian Americans. There are only a limited amount of Vietnamese people, however. And now many of the young ones are in their early 30s where I am at.

A labor shortage is ahead. The wages are going to have to rise to try to retain tail end boomers like myself, and in another five years they are going to try to retain us tail end boomers and leading edge Gen-Xers.

When you start seeing wage inflation of 5% or more a year - and it will come, the interest rates will start going up sharply. But the labor shortage will still exist. Meanwhile the labor in India and China will be mature and less and less of a bargain.

I think wages will be flat through 2016 and the stocks and bonds will end 2016 with 20% or more gains. But after that, maybe 2017, maybe 2018 the wages should start to snap.

 
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