May 28, 2015

Bits Bucket for May 28, 2015

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




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120 Comments »

Comment by Professor Bear
2015-05-28 03:12:46

Would you be upset if stocks dropped 6.5% overnight?

Comment by Professor Bear
2015-05-28 03:23:43

WSJ dot com
Asia Stocks
Stocks in Shanghai Plummet
Investors spooked by stake sales of Chinese banks by sovereign-wealth fund
Stocks in Shanghai fell as much as 6.6% on Thursday. Photo: European Pressphoto Agency
By Chao Deng
Updated May 28, 2015 5:57 a.m. ET

Chinese stocks were rocked by a sharp selloff late Thursday afternoon that left Shanghai down 6.5%, a sudden reversal of fortunes for one of the world’s top performing markets this year.

A trio of factors collided to send investors racing for the exits: China’s sovereign-wealth fund said earlier this week it had sold stakes in two state-owned banks; more brokerages are tightening margin trading; and the central bank soaked up cash from commercial banks, a sign that the government is trying to contain excess liquidity in the financial market.

The benchmark Shanghai market closed at 4620.27 after starting the day within reach of 5000, a level it was last at in January 2008. Thursday was the worst daily fall since Jan. 19 when the market dropped 7.7%. At Wednesday’s close, the market was up 53% this year.

Comment by Blue Skye
2015-05-28 04:57:16

Didn’t the CCP announce this week they were going to build more ghost assets this year to keep the balloon aloft?

Comment by Albuquerquedan
2015-05-28 05:39:50

I will not have time to post today but the fundamentals for stocks are improving for China’s stocks, it is interesting that the same people that dismiss the rise of the stocks as just government driven but then jump on any decline. I think even with the drop most people in this country would be very happy with a 53% rise in four months. Chinese stocks are like a biological I own, ISIS, sharp downturns but overall very profitable. Find me any news report that states that the consensus forecast for China is not around 7% growth, it is going more and more locked in this year everyday.

http://www.shanghaidaily.com/business/finance/Stocks-rise-on-gains-in-industrial-profits/shdaily.shtml

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Comment by Albuquerquedan
2015-05-28 06:06:38

The Chinese market is like the pre ppt US market. We are so use to seeing our manipulation we ignore that. Btw, I would love to see a plunge in Isis it exceeds the options I have written on it.

 
Comment by Blue Skye
2015-05-28 06:49:12

That’s pretty funny day trader, your favorite investment is called ISIS.

Nobody cares what GDP numbers the CCP makes up. If they credit up for another $500 billion in ghost projects it’s in the bag. So what?

 
Comment by AmazingRuss
2015-05-28 08:09:04

You bet the fundamentals are improving… the price dropped 6% just today. Does wonders for the P/E.

 
Comment by Professor Bear
2015-05-28 19:40:39

“If they credit up for another $500 billion in ghost projects it’s in the bag.”

Does throwing money down the rat hole of wothless projects eventually catch up with governments?

 
 
 
Comment by Raymond K Hessel
Comment by Albuquerquedan
2015-05-28 06:09:23

Sounds very responsible.

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Comment by Professor Bear
2015-05-28 08:05:45

Did you “sell in May and go away”?

Comment by Puggs
2015-05-28 09:05:07

I’m in a state of hold until we are through October. Sumptin’s coming…

 
 
Comment by Bill, just south of Irvine
2015-05-28 18:55:03

“Would you be upset if stocks dropped 6.5% overnight?”

I would not be upset if stocks dropped 20% overnight.

Comment by Professor Bear
2015-05-28 19:57:08

You have a good portfolio allocation.

PS I’m in a similar situation.

 
 
 
Comment by rallying the base
2015-05-28 05:42:04

What Liberals Still Don’t Understand About Fox News:

http://www.politico.com/magazine/story/2015/05/fox-news-liberals-118235.html

And now back to your regularly scheduled Drudge Report links

Comment by rallying the base
2015-05-28 06:10:08

And on the subject of media and media analysis, I stopped listening to NPR while driving a few months ago.

The “progressive” anti-white, anti-male, Marxist-feminist, Social Justice Warrior™ propaganda is just too much. I’d rather listen to music or drive in silence.

This is a serious question: name one television commercial in which a white, heterosexual, male (especially if in the role of a father) is portrayed positively?

You can’t, because they’re aren’t any…

Comment by LtColFrankSlade
2015-05-28 06:17:29

What about Viagra and Cialis commercials? Those men seem very loving towards the 35-40 year old women being shown in the commericals.

Comment by rms
2015-05-28 07:11:25

function_replace(35-40,40-45);

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Comment by LtColFrankSlade
2015-05-28 07:30:02

The women in those commercials are getting younger and younger. Is the target demo getting younger or just the target demo for the target demo?

 
Comment by rms
2015-05-28 07:47:02

The late fifties guys who can afford the mid thirties ladies don’t need to suck-up; it’s the other way ’round.

 
Comment by oxide
2015-05-28 10:16:41

I think it’s just the target demo for the target demo.

+1 I appreciate the pun.

 
 
 
Comment by rallying the base
2015-05-28 06:35:44

Progressive = Exterminate Whitey

Comment by rms
2015-05-28 07:13:42

Who is going to fund my sabbatical when Whitey is gone?

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Comment by Prime_Is_Contained
2015-05-28 09:33:24

Who is going to fund my sabbatical

Sabbatical?? Are you a prof, rms? Somehow I thought you were an engineer-type—civil, maybe? Not too many lines of work manage to get a sabbatical…

 
Comment by rms
2015-05-28 11:47:38

“Somehow I thought you were an engineer-type—civil, maybe?”

You’re correct.

“Not too many lines of work manage to get a sabbatical…”

Sabbatical => Progressive

 
 
Comment by Bring Back the WPA
2015-05-28 08:24:25

A little diversity never hurt anybody. I don’t know what you’re scared of.

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Comment by Dman
2015-05-28 07:21:17

“This is a serious question: name one television commercial in which a white, heterosexual, male (especially if in the role of a father) is portrayed positively?”

Commercials are consumer targeted - most men don’t buy things because they are fathers, they buy things because they want a fast car with a hot woman in the passenger seat. I don’t think commercials are indicative of any broad social trends. I recommend using the mute button, it really helps to shut out the noise.

Comment by LtColFrankSlade
2015-05-28 07:31:56

There is a certain irony to posting on a housing board that most men don’t buy things because they are fathers.

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Comment by Dman
2015-05-28 08:19:32

Good point! But you don’t see adds showing fathers house hunting with their kids - they always just have their wives with them.

That’s probably the biggest point that never gets talked about on this site - most people don’t buy a house as an investment, they buy it to have a place to raise their kids. The idea of renting a house to raise kids probably doesn’t make sense to most people, who probably never even thought of doing the math, but that doesn’t mean that buying at the wrong time won’t lead to financial problems, divorce, and a bachelor pad either.

 
Comment by rms
2015-05-28 11:51:37

“The idea of renting a house to raise kids probably doesn’t make sense to most people…”

The wife doesn’t get to keep the rental in a divorce.

 
 
 
Comment by rj chicago
2015-05-28 07:58:28

++++1

 
Comment by In Colorado
2015-05-28 08:39:24

This is a serious question: name one television commercial in which a white, heterosexual, male (especially if in the role of a father) is portrayed positively?

How about the pickup truck commercials where Alpha types load a pile of bricks orgravel into their trucks while a macho voiced narrator extols the hauling virtues of the truck, even though most buyers will use them like cars?

Comment by nhtransplant
2015-05-28 10:21:00

Those trucks are being sold to a niche market though. Not necessarily the type of hard working fellow the ads portray, but at least men who like to look like one. You’re not going to appeal to them by portraying them as some sort of Goofus.

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Comment by Oddfellow
2015-05-28 20:18:36

“Those trucks are being sold to a niche market though”

The three top selling vehicles in America are Ford, Chevy, and Dodge pickup trucks, no? That’s a big niche.

 
Comment by nhtransplant
2015-05-29 04:38:54

Yeah, big niche. Maybe niche is the wrong word but it is definitely a specific audience that will not be won over with belittlement and mockery.

 
 
 
Comment by nhtransplant
2015-05-28 09:54:19

I may get slammed for this, but this is why I often listen to sports radio during my commute. It is not always irresponsible to occupy the mind with topics of no consequence.

 
Comment by oxide
2015-05-28 10:12:02

The truck commercials are pretty good at portraying white males being “producers” in construction or ranching or some other rough and tumble outdoor job.

Men and women alike in ads for the military are portrayed as doing responsible and positive things. (well, in context that is IS the military…)

Those new Wal-mart made-in-America ads show positive factory workers.

Car commercials for family sedans/minivans/SUV’s almost always show the father providing for his wife and children with comfort, safety, security etc.

 
Comment by MightyMike
2015-05-28 10:52:12

This is a serious question: name one television commercial in which a white, heterosexual, male (especially if in the role of a father) is portrayed positively?

I saw this one a while back. It may have only been broadcast in Canada.

New Peanut Butter Cheerios presents: #HowToDad

https://www.youtube.com/watch?v=6GYxH2-WeZY

Comment by oxide
2015-05-28 11:32:00

Actually no, that’s a father who thinks he’s being positive but is making a goofus of himself. At least during the first minute. I didn’t make it through the whole thing. I guess the only people who would have the time or patience to sit through all of that are those retirees snowbound up in Yellowknife.

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Comment by jane
2015-05-28 19:53:00

Totally agreed.

Furthermore, the message leads to societal devolution.

Men and women ARE different. The difference attracts. A schizy society (such as we have now) is the outcome of glorifying that difference with sexualized messaging (on the one hand). And displaying contempt (on the other).

Men are currently reduced to disembodied d*cks, good for providing the means to obtain government cheese. Alternatively, as objects from whom to extract rents.

It is a terrible time to be a male youngster in this society. The only ones that survive appear to have parents who are totally - but totally - engaged in developing in them an awareness of themselves as competent human beings worthy of respect. They need it to stand straight in the face of the cute chicks’ contempt.

I did my part. I have brought up my sons to be critical thinkers and to pursue full - not fractional - personhood.

Comment by rms
2015-05-28 23:40:59

“It is a terrible time to be a male youngster in this society.”

Wholly agree with this thought.

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Comment by azdude
2015-05-28 05:48:38

It appears people are getting a little piggy with stocks. Buying just cause they think they can unload them quickly for a profit. It is pure speculation and we know how that ends.

Comment by Bill, just south of Irvine
2015-05-28 19:07:59

{yawn}

If you dollar cost averaged over the years your cost basis would be far lower than the NAV. So why should one worry about impulse buying of stocks by the “market timers?”

 
 
Comment by Raymond K Hessel
 
 
Comment by Raymond K Hessel
2015-05-28 05:59:03

I am shocked, shocked! that Wall Street banks could be involved in yet another corruption scandal.

http://www.marketwatch.com/story/wall-street-banks-are-being-drawn-into-the-fifa-bribery-probe-2015-05-28?link=MW_latest_news

 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
Comment by Bring Back the WPA
2015-05-28 08:34:37

There are economic limits to the millennial lifestyle:

- If no one buys a car, there cannot be an Uber
- If no one buys a home or condo, there cannot be AirBnB
- If no one buys new clothes, the thrift shop will be empty

Comment by Puggs
2015-05-28 09:18:16

Maybe they can figure out how to live in their smartphones? They are efficiency sized after all.

 
Comment by Bill, just south of Irvine
2015-05-28 19:27:48

“- If no one buys a car, there cannot be an Uber
- If no one buys a home or condo, there cannot be AirBnB
- If no one buys new clothes, the thrift shop will be empty”

If one in five people buy an economy car, there can be an Uber. If REITs buy apartment complexes, there can be a roof over the head of a millenial. If one in five people buy new clothes, the thrift shop will be busy.

 
 
Comment by Puggs
2015-05-28 09:12:02

Freakin’ freeloaders!! The next time I’m fighting a Millennial over a pair of Doc Marten’s at Goodwill I”ll kick them HARDER!

Comment by Bring Back the WPA
2015-05-28 12:14:04

Chill Puggs… just go to the dollar store and get some velcro sneakers.

Comment by oxide
2015-05-28 12:34:16

I don’t see how you can have a sharing economy when things are built to fall apart.

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Comment by Housing Analyst
2015-05-28 12:44:01

Houses fall apart. They depreciate. Even your shanty Donk.

 
 
 
 
 
Comment by Raymond K Hessel
2015-05-28 06:44:18

Have our Fed-levitated Ponzi markets entered their end game?

http://www.theburningplatform.com/2015/05/26/why-stocks-will-crash-in-two-charts/

 
Comment by MightyMike
2015-05-28 07:27:52

The Rich New Yorkers Schooling GOP Hopefuls on Reaganomics

A group of prosperous Republicans think the 2016 GOP candidates are getting too populist—and they’ve formed a committee to teach trickle-down to the kids.

The 2016 race was approaching and Republicans were getting soft.

Stung by Mitt Romney’s loss, which many blamed on his “Yes, you did build that” paeans to the entrepreneurial class and his dismissal of the 47 percent of Americans suckling on the government teat, would-be GOP candidates were injecting a bit of populism into the usual stump speeches.

Ted Cruz said that the party’s message should be: “You can build that.” Scott Walker accused an opponent of outsourcing. Rand Paul railed against “a bunch of rich bankers on Wall Street getting bonuses on the backs of the middle class.” Marco Rubio proposed a child tax credit (gasp!) paid for with a higher tax on upper-income earners, the rough equivalent of inviting Occupy Wall Street to use the showers at the Reagan Library.

Worse, a group of young policy wonks known as the “Reformicons” were gaining traction in elite party circles, championing a message that the party should move away from—as The New York Times put it—“orgiastic tax-cutting, the slashing of government programs, the championing of Wall Street.”

Over dinner at a restaurant on the Upper East Side, Larry Kudlow, the CNBC host and former Reagan administration economist, fretted over how to respond, along with his wife, Judith, Club for Growth founder Stephen Moore, and Alexandra Preate, a PR maven who has been described as “The Peggy Siegal of Republican politics.”

For an answer, they looked back to a time when Western civilization was in danger of being obliterated, and a group of Cold War hawks formed the Committee on Present Danger to ring the alarm on the Soviet threat. They would call themselves “The Committee to Unleash American Prosperity” and would attempt to educate GOP presidential candidates on the benefits of supply-side economics and stiffen their backbones.

The group took their idea to John Catsimatidis, the New York supermarket magnate—and suitor of the New York Daily News—who has single-handedly covered all of the expenses for “The Committee to Unleash American Prosperity” so far. This has included nearly a half-dozen sit-down dinners for upwards of 60 people—including some of the top contenders for the GOP crown—at some of the most expensive restaurants in New York, like the Four Seasons and the 21 Club.

“Right now, we are all concerned that our kids are not going to have as good a life as we did. We have had a good 30 to 40 years. We have liked the last 30 to 40 years, and we are concerned about the next 30 to 40 years,” Catsimatidis told The Daily Beast. “We have made enough money. You did and I did and the friends we are sitting with did. If our kids need an apartment, we pay for the kid’s apartment. Do you think your kids will be able to do that for their kids?”

http://www.thedailybeast.com/articles/2015/05/26/the-rich-new-yorkers-schooling-gop-hopefuls-on-reaganomics.html

Comment by 2banana
2015-05-28 07:32:41

A better question.

How to win votes without promising the FSA more FS…

 
Comment by Dman
2015-05-28 08:24:09

When crunch time comes, repubs will cave to Grover Norquist and the bank lobbyists like they always do.

 
Comment by Bring Back the WPA
2015-05-28 08:40:49

You know what irks me? No matter how serious an economic proposal is that would help the middle class, the MSM smears it as “populist.” That label immediately sends a message that the economic proposal is not serious and shouldn’t be taken seriously.

Rabble-rousing (or “rallying the base” as the Colorado poster puts it) with misleading or unsound pretenses is populism. Legitimate economic proposals are just economics, not populism.

That is all.

Comment by In Colorado
2015-05-28 11:55:15

You really weren’t expecting the Corporate Owned MSM to care about the middle class, where you?

 
 
 
Comment by azdude
2015-05-28 07:43:32

“How did Mr. Market do this?
1. He is patient; the last smash of this kind was the South Sea Bubble in 1720. People need to be lulled into thinking that sort of thing is “ancient history” and thus irrelevant.
2. He knows people are lazy and filled with envy and avarice. Like any casino or lottery official, he highlights the Big Winners and promotes how EASY it was for them to get the loot.
3. He knows people have recency bias, so he knows that the higher he lets prices rise, the more chumps he pulls into the trap.
4. He knows that “gold fever” blinds people to risk. He gives people plenty of early gains to soothe any latent fears about risk, and the higher their balances go, the more fervently they believe in him.
5. He knows that when people buy into one illusion, they become susceptible to believing a whole spectrum of them. Once debt was deemed money (when the US dollar was divorced from anything physical like silver-1964– and gold -1971– it became an IOU-nothing) then there was no way for people to relate to money at all. It became a floating abstraction, which is perfect for Mr. Market’s diabolical plan.
6. Mr. Market knew that bottoms of importance arise from capitulation, so he had to show people (twice!) in recent memory that it was unnecessary to ever capitulate; the kind people “in charge” would bring in the defibrillator and shock the market back into Bull Mode, and all their wealth would return and fly even higher. Only chumps sell out.”

http://www.theburningplatform.com/2015/05/26/why-stocks-will-crash-in-two-charts/

 
Comment by rj chicago
2015-05-28 08:03:20

“Right now, we are all concerned that our kids are not going to have as good a life as we did. We have had a good 30 to 40 years. We have liked the last 30 to 40 years, and we are concerned about the next 30 to 40 years,” Catsimatidis told The Daily Beast.

Me thinks we could subtract the last 15 years since dot bomb blew up the markets - so the prior 15 were ok - the last 15 - esp with curious george in the WH - not so much.

Comment by Bill, just south of Irvine
2015-05-28 19:33:17

Times were good up to 1990. Almost as good the next ten years. Then they took away most of our freedoms for just a little false security starting in 2001.

 
 
Comment by rj chicago
2015-05-28 08:29:03

Daily read from the hell hole that is Chicago ILLANNOY…..

http://davidstockmanscontracorner.com/why-chicagos-bonds-are-now-junk/

 
Comment by 2banana
2015-05-28 08:36:58

My Gawd.

Half of your tax revenue goes to pay for long retired goons that are living large in Florida.

But it is for the CHILDREN!!!

——————-

Chicago’s combined annual debt and pension costs are substantially higher than any [of the ten largest US cities] when these obligations are indexed to total governmental revenue. Chicago’s fiscal 2015 debt service and annual pension costs account for 44.8% of fiscal 2013 governmental revenue.

Comment by Professor Bear
2015-05-28 09:28:28

Are you proposing police should put their lives on the line in service of the public for free?

Comment by In Colorado
2015-05-28 11:56:31

How about they make do with a 401K like the rest of us do?

Comment by Professor Bear
2015-05-28 15:13:25

Or anyone who wants the lucrative pension contracts offered to police or firefighters can join their ranks.

What’s stopping you, 2banana?

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Comment by In Colorado
2015-05-28 18:23:52

I understand that there are waiting lists to get hired, especially for fire depts.

 
Comment by Bill, just south of Irvine
2015-05-28 19:35:50

I read the opposite, that many departments have lots of openings but fewer people want to be regarded as killers of citizens.

 
Comment by Professor Bear
2015-05-28 22:12:33

“…fewer people want to be regarded as killers of citizens.”

Given the War on Police, even down to people like 2banana conniving to steal their pensions and hand the proceeds over to the 0.1%, I can’t imagine too many folks are clamboring to join the force.

 
 
 
 
 
Comment by Professor Bear
2015-05-28 08:50:18

Try as she may to fake a Southern drawl, Hillary Clinton will always sound like a Yankee when she speaks.

 
Comment by Bring Back the WPA
2015-05-28 09:01:25

I have sympathy for Texans suffering from the floods. However, I do smirk a little that climate change has bitch-slapped denier Ted Cruz right in his own back yard:

===

Washington (CNN) — “The heavy flooding that’s overwhelmed Texas and killed more than 30 people has put Sen. Ted Cruz in a bind on climate change. The Republican presidential contender has held two press conferences over the past two days to address the flooding and the government’s response. At each one, he was asked about the impact of climate change on natural disasters like the Texas flooding, and at each one, he dodged the question.

A New York Times/Stanford University poll in January found that an overwhelming majority of Americans, and fully 48% of Republicans, said they were more likely to back a candidate that supports fighting climate change. That bind will only become tougher to navigate if natural disasters, like the flooding in Texas, continue to put the issue in the spotlight.”

Comment by 2banana
2015-05-28 09:22:14

Yeah. Because we never had floods, droughts, blizzards and hurricanes before “global warming.”

If only Crux was for bigger government, more regulations and higher taxes - these things would not happen..

Comment by Raymond K Hessel
2015-05-28 16:56:05

Cruz’s big issue is “religious freedom.” Because, you know, that’s the most pressing problem on the national agenda.

 
 
Comment by nhtransplant
2015-05-28 10:15:20

Q. What is the difference between weather and climate?

A. Weather is any environmental condition that does not support the concept of anthropomorphic global warming while climate is any environmental condition that does.

 
Comment by Blue Skye
2015-05-28 10:48:32

The Climate God must be punishing Texas because they sell oil.

Comment by rms
2015-05-28 17:30:23

Be nice if some of that water found its way into the Ogallala Aquifer.

 
 
 
Comment by RioAmericanInBrasil
2015-05-28 09:58:52

The experiment is over and the results are in:

34 years now of a decline in tax rates for the rich did not benefit the middle-class and good job creation. All it did is skyrocket the deficit, increase debt levels and turn America’s wealth inequality into may ways worse than Brazil. (America’s 1% earn 19% of USA’s income vs Brazil’s 13%) How’s that for a failed experiment in supply-side?)

So what did the Kansas’ Koch Bro government do in 2012? The “Kansas Experiment” of Supply-Side BS on steroids doubled-down on failure. The Repubs drastically cut taxes on the wealthy to “create jobs”. It didn’t work even when oil was booming, has never worked, and in its current Republican form of Tricke-down religion, it will never, ever work. It just doesn’t work. History has proved it. Why is it denied?

Despite Sam Brownback’s pledge, Kansas now trails 44 other states in adding new jobs in 2015

http://www.kansascity.com/opinion/opn-columns-blogs/yael-t-abouhalkah/article22414056.html#storylink=cpy

…..Kansas now trails 44 other states and the District of Columbia in total nonfarm job creation in the first four months of 2015.

That’s an extremely dismal record, especially given that Gov. Sam Brownback has pledged previously that the huge income tax cuts he pushed in 2012 would bring a resurgence of employment to the Sunflower State.

It’s not happening.

The new report shows Brownback is falling far short of keeping his promise on job creation in Kansas.

Remember that pledge?

…(Kansas job creation is) worse than 44 other states. Put another way, it’s better than only Louisiana, New Hampshire, North Dakota, Oklahoma and West Virginia. All those states have lost jobs at slightly higher rates than Kansas has.

…because the jobs aren’t coming and because Brownback’s income tax cuts from 2012 were too severe, the state faces a $400 million-plus budget gap.

Comment by Dman
2015-05-28 10:23:34

People dumb enough to elect politicians who tell them cutting taxes for the wealthy will create jobs deserve everything they get.

 
Comment by Albuquerquedan
2015-05-28 11:54:00

How much poorer is Brazil overall than the U.S. and why did growth stop in Brazil right around the time that equity became the primary concern?

 
Comment by oxide
2015-05-28 12:20:49

Rio, I guess you haven’t been reading A-dan’s pro-China rants.

I was puzzling why a-dan was posting so much about China’s economy until he finally said “I wish that US had supply-side economics like they do in China.”

So that’s a-dan’s motive. China is supply-side and growing great. Therefore, if the US adopted supply-side, we would be doing great too. Never mind that none of this remotely resembles reality.

Comment by RioAmericanInBrasil
2015-05-28 13:02:49

why did growth stop in Brazil right around the time that equity became the primary concern?

That’s totally bogus - your timetable and point of inflection is wrong. Brazil has been addressing “equality” since the late 80s and more since about 2000 and has grown tremendously since then. Brazil’s current recession is mostly a factor of a busted commodity cycle, a cyclical downturn, a weird type of global credit bust, drought and massive corruption none of which are mostly the fault of a “leftist” government except the corruption which is endemic in both the Brazilian left and right. And forever.

How much poorer is Brazil overall than the U.S.

Of course Brazil is poorer than the USA. Many Brazilians used to starve during our lifetimes - tens of millions went hungry. The point on Brazil is that in the past 20 years, Brazil all but eliminated hunger, took 40 million out of abject poverty while at the same time lessening wealth inequality. You say your a “big picture” man. So act like it for a change. Above is the Brazilian big picture, current recession aside.

 
Comment by RioAmericanInBrasil
2015-05-28 15:11:53

that’s a-dan’s motive. China is supply-side and growing great

Because ADan fetishizes growth above all else, whereas nations, society, economies and politics are much more complicated.

China is a top-down, state controlled, anti-democratic communist “capitalistic” regime that has benefited by the USA giving away its industrial base to China in the name of Supply-Side/Trickle Down. (Truth is stranger than fiction I guess.)

For Adan to laud China’s “supply-side miracle”, while China’s said miracle was part of USA’s supply side obsession-and has now hurt the USA…….. is a joke.

 
 
Comment by mathguy
2015-05-28 15:54:23

The results are in.. 34 years of rio spouting leftist BS has done nothing to improve the lives of the middle class or job creation

! Look rio! I can also take totally irrellavant data and apply it to our worsening conditions!

How about you address the trade and immigration policy and its impact on US manufacturing. Specifically, NAFTA, the H1-B program, and removal of trade tariffs with China?

For $hit$ and giggles, you could also address things like the double irish ice cream cone or whatever it is called.

Comment by RioAmericanInBrasil
2015-05-28 16:32:08

I can also take totally irrellavant data and apply it to our worsening conditions!

Pointing out that lowering taxes on the rich for 34 years with the explicit promise that it would help the middle class has actually failed, is not “irrelevant”. It is pointing out a broken promise based on now proven failed ideology.

How about you address the trade and immigration policy and its impact on US manufacturing.

I did in my comment above addressing how The USA gave its manufacturing to China in the name of USA’s supply-side failed religion.

Now, for “$hit$ and giggles”, maybe you should re-read it…..and think about it.

Comment by Housing Analyst
2015-05-28 16:47:51

Lola…. isn’t it time to come out of the alley?

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Comment by RioAmericanInBrasil
2015-05-28 16:45:25

34 years of rio spouting leftist BS

Learn about your country. There is nothing “leftist” about progressive taxation in America. (higher taxes on higher wealth) The American public has been in favor of it on an income tax basis for about 100 years.

And most of our founding fathers including Thomas Jefferson were in favor of it the concept of taxation of their times. Progressive taxation concepts are not “leftist”. The progressive taxes concept is totally American.

Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise.”
Thomas Jefferson

Comment by Housing Analyst
2015-05-28 16:55:09

Sounds like you’re looking for a free handout Lola.

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Comment by MightyMike
2015-05-28 16:50:38

How about you address the trade and immigration policy and its impact on US manufacturing. Specifically, NAFTA, the H1-B program, and removal of trade tariffs with China?

Don’t forget that treaties like NAFTA are usually called free trade agreements. I hope that you’re not opposed to economic freedom.

Comment by redmondjp
2015-05-28 21:45:32

But that’s a total ruse. There is no economic freedom when we are not competing on any semblance of a level playing field.

Have you seen the Chinese factory dorms where they make Apple phones? They have suicide nets all around them. For real.

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Comment by Housing Analyst
2015-05-28 10:09:53

Hey…. It’s Lola.

 
Comment by Puggs
2015-05-28 11:08:49

First it was Apple Pay and a bunch of compromised accounts and now Android Pay comes out. I had over $200 in bogus charges on my itunes account recently.

Gotta tell you. Lovin’ cash more and more every day! Bye, bye cards.

Comment by In Colorado
2015-05-28 11:58:29

I had to replace my debit card a few times this past year due to “data breaches”.

And now they want me to store all my sensitive data on the cloud?

 
 
Comment by Puggs
Comment by rms
2015-05-28 17:35:25

Whose heart is Fuld going to eat this go ’round?

 
 
Comment by rj chicago
2015-05-28 13:55:50

ok - ILLANNOY is utter bankrupt - broke - filled with broke a$$ losers all over the place -
This just shows how f…..ing insane this dump is - Duckworth more concerned about breast pumping and the baby than she is legit legislation to start to work out the financial mess this place is in.
Don’t move here you won’t like it!!! F….in’ insane!!!

http://www.msnbc.com/msnbc/rep-tammy-duckworth-leads-charge-lactation-rooms-airports

Comment by MightyMike
2015-05-28 14:46:57

If you really found it to be very unpleasant, you could stop reading the news, watching TV news, etc.

 
 
Comment by rj chicago
Comment by Ben Jones
2015-05-28 15:03:04

‘ According to the indictment, the misconduct involved payments to an unnamed individual who had been a Yorkville, Illinois, resident and had known Hastert for most of the person’s life.’

‘Around 2010, Hastert met with the person several times and discussed past misconduct by Hastert. Eventually, Hastert agreed to pay the person $3.5 million in compensation and to conceal unspecified misconduct, the indictment said.’

‘Shortly afterward, Hastert began making cash payments to the unnamed person, according to the indictment.’

Comment by Raymond K Hessel
2015-05-28 16:58:19

Another Establishment Republicrat poster boy for corruption, sleaze, and crony capitalism.

Comment by RioAmericanInBrasil
2015-05-28 17:04:58

ILLANNOY - the grift that keeps on grifting…..
Another Establishment Republicrat

This has nothing to do with “Illannoy” or “Republicrat”.

This is an individual politician who happens to be a Repub who is corrupt.

And it has nothing to do with what a lot of you hate about Chicago.

Living in Brazil and hearing all the corrupt BS down here, it really pains me to see this same cr@p in my USA.

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Comment by rallying the base
2015-05-28 17:24:46

The only Ice-T video on YouTube that doesn’t have a commercial in front of it yet:

http://m.youtube.com/watch?v=O2XPvxXSjn0

#America2015

 
Comment by Raymond K Hessel
2015-05-28 17:25:33

Liberal la-la land Minnesota, which welcomes FSA types with open arms, may be in for a rude awakening.

http://america.aljazeera.com/articles/2015/5/28/minneapolis-may-become-the-next-baltimore.html

 
Comment by Raymond K Hessel
2015-05-28 17:37:57

Something smells fishy…and it ain’t fish.

http://www.theburningplatform.com/2015/05/28/something-smells-fishy/

 
Comment by phony scandals
2015-05-28 18:01:29

HELOC chickens coming home to roost

COSTA MESA
May 28, 2015 11:33am

http://www.centralvalleybusinesstimes.com/stories/001/?ID=28422 - 64k -

 
Comment by phony scandals
2015-05-28 18:44:16

Baltimore Residents Fearful Amid Rash Of Homicides

May 28, 2015 10:53 AM

BALTIMORE (AP) — A 31-year-old woman and a young boy were shot in the head Thursday, becoming Baltimore’s 37th and 38th homicide victims so far this month, the city’s deadliest in 15 years.

Meanwhile, arrests have plunged: Police are booking fewer than half the number of people they pulled off the streets last year.

Arrests were already declining before Freddie Gray died on April 19 of injuries he suffered in police custody, but they dropped sharply thereafter, as his death unleashed protests, riots, the criminal indictment of six officers and a full-on civil rights investigation by the U.S. Justice Department that has officers working under close scrutiny.

“I’m afraid to go outside,” said Antoinette Perrine, whose brother was shot down three weeks ago on a basketball court near her home in the Harlem Park neighborhood of West Baltimore. Ever since, she has barricaded her door and added metal slabs inside her windows to deflect gunfire.

“It’s so bad, people are afraid to let their kids outside,” Perrine said. “People wake up with shots through their windows. Police used to sit on every corner, on the top of the block. These days? They’re nowhere.”

West Baltimore residents worry they’ve been abandoned by the officers they once accused of harassing them, leaving some neighborhoods like the Wild West without a lawman around.

“Before it was over-policing. Now there’s no police,” said Donnail “Dreads” Lee, 34, who lives in the Gilmor Homes, the public housing complex where Gray, 25, was chased down. “People feel as though they can do things and get away with it. I see people walking with guns almost every single day, because they know the police aren’t pulling them up like they used to.”

baltimore.cbslocal.com/…/05/28/baltimore-residents-fearful-amid-rash-of-homicides/ - 274k -

Comment by Raymond K Hessel
2015-05-28 19:17:54

You wanted a jungle, now you got it.

 
Comment by Professor Bear
2015-05-28 19:51:51

It’s not like they had an unusually low murder rate before onset of the intifada.

 
Comment by TBoom
2015-05-29 08:35:33

Comment by phony scandals
2015-05-28 18:44:16

Baltimore Residents Fearful Amid Rash Of Homicides
baltimore.cbslocal.com/2015/05/28/baltimore-residents-fearful-amid-rash-of-homicides/

 
 
Comment by Raymond K Hessel
2015-05-28 19:16:51
Comment by rms
2015-05-28 19:29:08

Chinese stocks more better.

 
Comment by Muggy
2015-05-28 19:42:12

Bang Ding Ow!

 
Comment by Professor Bear
2015-05-28 19:47:04

China stocks more fragile. Make louder crashing sound when break.

 
 
Comment by Professor Bear
2015-05-28 19:49:34

Does it seem like fraud and lying are endemic to FIRE sector workers?

Why is the world wired this way?

 
Comment by Professor Bear
2015-05-28 19:55:14

Is your household income now lower than before the onset of the Great Recession? (Largely thanks to an amazingly productive spouse, ours is not. )

Comment by Professor Bear
2015-05-28 20:05:39

PS Over the period since 2005, our monthly rent has declined as a share of income.

 
 
Comment by Professor Bear
2015-05-28 20:00:22

Are China’s share prices flying at an unsustainable altitude?

 
Comment by Professor Bear
2015-05-28 20:03:25

Does government intervention to prop up share prices undermine the market’s ability to allocate resources to their highest value use?

 
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