Bits Bucket for August 8, 2015
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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Is Trump show over yet?
Is anyone looking forward to the old, white and boring deomocrapic polemic this summer? Yuck…..
I find it quite peculiar how even his most ardent supporters seem to agree that while it’s great he is running, he really has no shot at the WH. It’ essentially the polar opposite from Hillary’s presumed inevitability.
I’m not sure that is right. I think there is too much of an establishment media echo chamber that is, once again, trying to dictate the conventional wisdom. It’s simply horseshit. Maybe Trump should ask thee Kochs or Karl Rove if they want to form a third party. If he is first or second in the polls they can’t keep him out of the debates or stop him from being the nomination. I know a lot of conservatives that no longer care about some mythical prediction of electability that always seems to include open borders and more screwing the working man by the country clubbers.
He doesn’t need their money.
Sure they can keep him out of the debates. Just watch them.
Donald Trump disinvited to speak at RedState event; Megyn Kelly invited
Washington Post
LOL. You are prophetic.
Donald Trump disinvited to speak at RedState event; Megyn Kelly invited
LOL, Erickson is the poster boy for cuckservatism.
They cannot keep the front runner out. You cranks are just wishful thinking. Not only that, they already had him and he won, so it’s 10 times as hard now.
And being disinvited to one speaking event isn’t a debate. You are all in a tizzy over Trump. Reason, fear.
‘LOL, Erickson is the poster boy for cuckservatism’
Figured out why they hate that term. It sounds similar/resembles too much the word c%cksucker.
He doesn’t need their money ??
But he won’t spend his own…As long as he can stay in front of the free camera’s he will…Once it comes down to spending multi millions to truly campaign across the country he will head right back to selling his snake oil name on golf courses…He’s a high end pimp…
He doesn’t need to spend his own money. Media will pay him to stay in the race. He will the first presidential candidate who will actually make millions while campaigning. Who’s the sucker now?
He can spend tens of millions and not care a whit. Maybe even a hundred million. He’s got 10 billion. Cheap price to pay to cement him into the history books. What else is he going to spend it on another 10 yachts?
Saying you have $10 billion dollars and actually having $10 billion dollars are two entirely different situations.
SCDave - you insulted the high end pimps of the world by saying Trump was one. Don’t you think you owe them an apology?
Was this this start of a debate or an interrogation?
by Pam Key 6 Aug 2015
Thursday in Cleveland at the first Fox News Republican presidential debate, front-runner Donald Trump went after Fox News host Megyn Kelly for asking about sexist comments on Trump’s Twitter account.
Kelly asked, “You’ve called women you don’t like fat pigs, dogs, slobs and disgusting animals. On your Twitter account, your Twitter account has several disparaging comments about women’s looks.”
Trump said, “Only Rosie O’Donnell”
Kelly continued, “No, it wasn’t. You once told a contestant on Celebrity Apprentice that it would be a pretty picture to see her on her knees. Does that sound like the temperament of a man we should elect as president?”
“Fox News host Megyn Kelly for asking about sexist comments on Trump’s Twitter account”
Oh yes, this was really a question of importance in a prez debate; more PC crap to entertain the sheep while housing, financial ruin, loss of jobs, and war linger on the horizon.
Megyn Kelly just another mindless robot!
At least the moderators were throwing heat all throughout the debate. Compare the hard questions that permeated the republican debate with what’s gonna happen on the other side.
Faux news is living up to its name. What’s new?
“Megyn Kelly just another mindless robot!”
As long as she’s anatomically correct.
And bleeds in right places.
Megyn Kelly just another mindless robot ??
Maybe…That does not change what the orangutan said though does it…The fact that the republican party allows a guy on stage with a group of accomplish people is a farce…The entire republican group of candidates should just refuse to be on the same stage as this carnival hawker…
You have to use the skill god has given you. Not everyone can lie endlessly reading from a teleprompter while looking sincere.
debate or an interrogation?……Oh yes, this was really a question of importance in a prez debate; more PC crap to entertain the sheep
This is one of the funniest (and most predictable) political spectacles I’ve seen in my lifetime. From Trump to his angry and “patriotic” admirers. A backwards and willfully ignorant political party eating itself alive on a national level.
Go trump!
Actually it was showing what a colossal creep the guy is. PC or no PC.
‘Kelly continued, “No, it wasn’t. You once told a contestant on Celebrity Apprentice that it would be a pretty picture to see her on her knees. Does that sound like the temperament of a man we should elect as president?”’
Bill Clinton much?
It is refreshing to see him say stuff just because he wants to….A little self control would or could help him ,though his chances of being president are still very low, the same for the 9 midgets up on the stage with him….The repubs are giving this one away …
40 percent always vote for each side’s nominee, then the question is who is more appealing to the middle. My bet is Trump if the other choice is Hillary.
It’d be worth giving it away to see him debate her.
People don’t understand demographics.
90% blacks will vote democraps.
85% Hispanics will vote democraps.
80% Asians will vote democraps.
80% Jews will vote democraps.
75% Single women will vote democraps.
70% of Millennia will vote democraps.
55% Women will vote democraps.
Republicans have no chance unless an economic collapse like 08, but Yellin will not let that happen at any cost. She will print, print and print and keep the illusion going as long as she can.
Small percentages of most of those groups vote, especially without Obama running. Hillary ain’t mobilizing the womyn either, no matter how many selfies she takes with Kim Kardashian and Kanye (as desperately a foolish act as I’ve ever seen), like she did Thursday night.
You are wrong. The media narratives of that racist, sexist homophobic, rich, evil, white man is all needed to mobilize the sheep.
Not for Hillary, she causes them all to yawn. She’s no Obama.
She will print, print and print and keep the illusion going as long as she can.
If an illusion lasts a lifetime, then it wasn’t an illusion in that lifetime.
if 5% more and vote wymin vote will vote 90% for Hilary in a landslide
simple math
90% blacks will vote democraps.
etc.
So all we need to know is how non-millennial, non-Hispanic white males will vote. Why did you not include them on the list?
After yelling at the neighborhood kids to get the hell off their lawn, 90% of old white guys will vote for whatever Koch Brothers candidate is running.
“So all we need to know is how non-millennial, non-Hispanic white males will vote. Why did you not include them on the list?”
Because they are too small a demographic to have a real impact.
appealing to the middle. My bet is Trump if the other choice is Hillary ??
Really ?? I know this must be tongue-in-cheek because you can’t be serious…By the time Trump is done with his swinging dick attacks on Hilary there will not be one woman vote left for him…Landslide win for Hilary with 60%+ of the vote…
Put Kasich up against Hilary…He is the only one with a legit shot IMO…
Hillary cannot mobilize or inspire the women’s vote. Trump’s calling it like it is appeals to many women (who also think Rosie is a fat angry mess).
Put Kasich up against Hilary…He is the only one with a legit shot IMO…
I agree. The only rational voice on the stage. He’s dangerous to the Dems because he has some crossover appeal.
Trump’s calling it like it is appeals to many women
Trump appeals to zero women who would not have voted Republican no matter who was the candidate.
That’s how elections are lost. (Like 5 out of the last 6 popular votes.) Repubs got that down.
Hello Anklepants….
Oh, man, Mafia, you just made my day, lmao.
Oh, man, Mafia, you just made my day, lmao.
Mafia always makes my day when I see his Joshua Tree ignored brown skidmarks after my posts. The more the better.
(I bother him)
You amuse him. There’s a difference.
“Mafia always makes my day when I see his Joshua Tree ignored brown skidmarks after my posts. The more the better.”
Wait, What? SPLAT! Gotcha. You, WPA, and Oddie. Same person. Guess what gave ya away?
Guess what gave ya away?
Guess what just gave your ignorance away?
Wait, What? SPLAT! Gotcha. You, WPA, and Oddie. Same person.
Are you really that dumb? I thought you weren’t.
Emotional Intelligence | Psychology Today
https://www.psychologytoday.com/…/emotional-intelli...
Psychology Today
Emotional intelligence is the ability to identify and manage your own emotions and the emotions of others. It is generally said to include 3 skills: 1. Emotional awareness, including the ability to identify your own emotions and those of others;
Lola backpedals with her heels on.
What gave us away?
though his chances of being president are still very low, the same for the 9 midgets up on the stage with him
They said the same about omaba.
So far there is a vacuum. The candidates are either crony capitalists or buffoons. Rand Paul is a compromiser, which means a politician scumbag. Ron Paul was our last hope. But i think the vacuum will not be filled anyway and we will end up with a dangerous buffoon or Jeb or Hillary.
Must not have watched Jeb sputter and stutter his way through Thursday night.
Must have learned from his brother. Sputter and mumble into the the presidency. I don’t think that will work…neither will the slick polished controlled vacuous hope and chains messages this time around.
We will have a dangerous next president regardless. Buffoon or not.
Kasich has a legitimate shot to beat Hilary…But he, IMO, is the only one….His answer on if one of his daughters were gay what would he say or do was spot on down the middle…
If the right wingers don’t like him, they can just stay home and beat their woman & dogs…Kasich will pull many from the independent middle and he can win Ohio…
Kasich has a legitimate shot to beat Hilary…But he, IMO, is the only one….His answer on if one of his daughters were gay what would he say or do was spot on down the middle…
Dick Cheney said similar thing IIRC. Who knew Dick’s mechanical heart had some feelins?
I am here to tell you if Kasick ends up being the nominee regardless of what you think of him now, you will buy the media narrative that Ksick is a racist, sexist homophobic, rich, evil, white man and you will vote for the lesser of the 2 evils. GUARANTEED.
you will buy the media narrative ??
You don’t know what the F$%^ your talking about dude….Mindless banter…
Hit a nerve there? Accept it dude you are a blue team guy and will always vote for your team.
Have another cup of rage Dave.
Hit a nerve there ??
From the likes of you ?? Yeah right….You love your little internet banter and arrow throwing don’t you..Gives you a little boner…Antagonistic dick-head is all you are…
Dyed in the wool Dem.
Spinning these PovertyLoving Lieberals into raging tantrums is like taking candy from a baby.
Look at the words in this thread. SCDave never said that he would vote for Kasich, just that Kasich has a better shot than Trump at getting the swing voters.
Ok. “boner”, “dickhead”, etc.
I detect rage.
Katich gets drowned out by the clowns, but he’s the real deal. I don’t agree with a lot of his positions, but he’s honest and doesn’t demonize people for thinking differently than him.
If it’s him against Hillary, I’d definitely vote for him.
It could really be the Trump show, intended or not. He is making a mockery of the system and showing it is rigged. He is making the idea of non-voting more logical to the people who have sense and decency. Election by election, the decent people drop out as they see it is all rigged. When you see it is rigged you then go further and realize we can be a prosperous and peaceful world without rulers and turn our attention to solving problems.
https://en.m.wikipedia.org/wiki/Democide
It could really be the Trump show, intended or not. He is making a mockery of the system and showing it is rigged.
That’s the reason I hope he stays in the race and runs as an independent if the rethugnicans don’t want him. The mockery of the status-quo and it’s protectors is a great service he’s providing to the masses. He’s calling the emperor naked and sure that upsets quite a lot.
Still not voting for him….because I don’t vote.
It is going to be great to eat popcorn by the fireplace in Southern California in the winter during El Niño and laugh at the political news as these clowns shoot themselves in the foot.
The problem is that Trump might burn himself out and drop out within weeks and stop making a mockery of he rigged system. He certainly is a crook and the voluntaryists are getting free publicity by his buffoonery. So yeah I agree, he should carry on.
because I don’t vote ??
Thank God…
we dont have time to be politically correct…..that alone is what i am looking for..
also he wants the elimination of corporate and inheritance taxes..
i can see federal corporate taxes because so many tax breaks are there, but if you dont pay taxes …it would be very hard case to refund money to corporations you didn’t pay. but states could always give tax breaks against state taxes……so there would be little value anymore in running shell companies just for the tax loss carry forwards
estate taxes….. you do want to pass on your money assets to your kids..and its already been taxed
we dont have time to be politically correct…..
We don’t have time to not be bigots. We don’t have time to be civil. We don’t have time to be nice to our fellow man.
“I don’t have time to cut down on sugar!”
We just don’t have time.
Lola may be the most scared of all of Trump.
“Is Trump show over yet?”
Not yet.
Donald Trump Schools Whiny Brit – “Crimea is Your Problem, Not Ours”
The Donald politely suggests to Brit that Europeans are Mama’s boys
by Russia Insider | August 8, 2015
Republican frontrunner Donald Trump said Friday that the U.S. should only step in on Crimea if European countries ask for help and, until then, it remains “Europe’s problem.”
“Let me explain first of all — this is Europe’s problem much more than ours, OK?” Trump told CNN during a trip to Scotland.
“And Europe isn’t complaining as much as we are. But this is more of a Europe problem,” Trump continued. “And when Europe comes to us and says, ‘We want your help, we want your help,’ but they’re not really doing that. They’re dealing with Russia, they’re taking in the gas, they’re taking in the oil — they’re not really doing that. And you know, we’re making a big deal out of it.”
“But why isn’t Germany leading this one?” Trump asked. “You know Germany is a very rich, very powerful nation. Why aren’t they dealing on it more so? Everything the United States — we’re like the policeman of the world.”
Speech by Elwood:
All right people. The rest of the hard working all star Blues Brothers are
gonna be out here in a minute, including my little brother Jake. But right
now, I’d like to talk a little bit about this tune you’re hearing. This is
of course the Green Onions tune. It was a very big hit in the early sixties in
this country. And of course it was composed and recorded in Memphis, Tennessee,
right here in the United States Of America. You know, people, I believe that
this tune can be acquainted with the great classical music around the world.
Now you go to Germany, you’ve got your Bach, your Beethoven, your Brahms…
Here in America you’ve got your Fred McDowell, your Irving Berlin, your Glenn
Miller, and your Booker T & The MG’s, people. Another example of the great
contributions in music and culture that this country has made around the
world. And as you look around the world today, you see this country spurned.
You see backs turned on this country. Well people, I’m gonna tell you
something, this continent, North America, is the stronghold! This is where
we’re gonna make our stand in this decade! Yeah, people, I’ve got something to
say to the State Department. I say Take that archaic Monroe Doctrine, and that
Marshall Plan that says we’re supposed to police force the world, and throw’em out! Let’s stay home for the next ten years people!
Right here in North
America and enjoy the music and culture that is ours. Yeah, I got one more
thing to say. I’m just talking about the music, people, and what it does to
me. And that is, as you look around the world, you go to the Soviet Union or
Great Britain or France, you name it, any country… Everybody is doing flips
and twists just to get into a genuine pair of American blue jeans! And to hear
this music and we got it all here in America, the land of the Chrysler 440
cubic inch engine!
http://lyrics333.com/green_onions_lyrics_blues_brothers.html
commodity deflation “is not temporary, it’s the end of the central bank bubble.” The catalyst has already happened -”It’s China,” Stockman exclaims, “China is the most lunatic pyramid of credit and speculation.. and capital is now fleeing the swaying towers of the China ponzi.”
http://www.zerohedge.com/news/2015-08-07/tops-david-stockman-warns-epochal-deflation
Hold on tight to every dollar you’ve got, liquidate debt and get solvent now. You’ll thank me later.
The whole rally is based on financial engineering. It has felt rigged since 2009 and basically everyone knows it but the insiders play along. ZIRP has enabled massive leverage in the casino.
It just seems to be a question of how hard the landing will be at this point.
I don’t know how people can call this investing.
Look at the shareholder equity of home depot over the past 6 years.
They are looking for bagholders by creating the fear of missing out.
They dumped many expensive houses in the coasts to rich foreigners.
Way overpriced
cash under the mattress and no debt. remember, the bankers are closer to making us a cashless society. When that is final the surveillance state is complete and the only alternative is to spend crypto currency, physical silver and gold. The paper money is going to be very valuable soon. But that value will be short lived and the metals and crypto will be the currencies we will use.malso barter.
vacate the banks folks.
Whether or not Stockman is right (people at many places on the scale of obscurity to fame have predicted doom in stocks from even 2010) it is wise to reassess your assets and ability to have several years worth of cash and treasury bills and remain debt free. September is next month and some pundits are predicting doom in September. If you made annual gains of double digit percent in the last few years it is time to take money off the table and protect your principle. There are assets that are floundering. Chevron hit a new 52 week low on Friday. I hope I don’t win my $67 limit on 100 shares because I don’t want to invest in war in the Middle East. Maybe pin hopes on Verizon going lower. There will be some great sales on stocks if Stockman is right. Metals are on sale. Rents will be on sale soon!
Plus I started a habit of buying two year notes. Once the balance is equivalent to what I have in 52-week t-bills I will shift the t bills into two year notes. Cool that there is no expense fee in treasury direct. It is a nice concept to have 24 equal amounts recycled back into two year notes. Almost like having four week t bills but with higher interest.
This morning I put an order in Vanguard to sell the equivalent of nine months rent in VSGAX and VTLCX. Those two have done double digit gains in my portfolio he last few years. Sell high buy low.
What happened to the guns from the Az residence? Storage locker? Not asking specifically, just generally because I thought that was one of the reasons you kept an Az place.
I can bring the guns to California. Not the high capacity magazines unfortunately.
When the California gun laws change to make my guns illegal, I might lose them while rowing my boat across a lake.
I have a couple places in Az that are trustworthy enough for now for the magazines. Nothing is 100% safe. A colleague of mine was burglarized in Queen Creek a few years ago. The burglars took all his firearms. The colleague had all the serial numbers. He has a high “importance level” for his career in security issues. He did the right thing to report. Whatever someone uses them for he will not be responsible nor should he be regardless of reporting serial numbers. If someone steals my car and kills a pedestrian no one would throw me in jail for being the registered owner.
My colleague works in California and he told me how to transfer the guns to California. Glad I discussed it with him.
I have a security alarm on my Phoenix address. It is a deterrent. Burglars will be scared off before they get far enough inside to find my arms. I will get the same deal in California.
it is wise to reassess your assets and ability to have several years worth of cash and treasury bills and remain debt free. September is next month and some pundits are predicting doom in September. If you
Right. But if you do all of the above and own your house outright and save about 30K per year because of it, that doesn’t count to many on this blog. Because of envy, anti-housing in any form sentiment, prejudice and political bias.
Right.
The problem is the houses are overvalued everywhere. In my part of Orange County I figure they are 50% overvalued. In my current part of Phoenix they are probably about right. The lower taxes in 2016 will make Arizona more attractive. 3.4% income tax versus California’s 10%.
The weather effect of California helps increase the value of real estate. Plus better jobs than Phoenix.
My Phoenix nabe has reasonable houses in the $250k range. I could not quite possibly save $30k per year by owning one of them while working in California. Even if I buy it for cash. I would still be paying California income taxes. I would be paying $thousands per year flying back and forth to Phoenix. Then there is the maintenance and property taxes and security alarms again.
Why buy it when you can rent it for half the monthly cost?
Gold overpriced
Silver overpriced
Houses overpriced
Stocks overpriced
Bonds overpriced
Got cash?
HGTV has lots of good house flipping shows on. Flip or Flop has a cute little blonde hottie. Never seems to be a flop though, only a flip.
Another Jewish Democrat in Congress says will vote against Iran nuclear deal
Hours after US Sen. Charles Schumer (D-NY) announced that he would vote against the Iran nuclear agreement, another Jewish Democratic member of Congress, Rep. Brad Sherman (D-CA), said on Friday that he would follow suit.
So will most rethugnicans. That begs the question, why is rethugnican party so stupid supporting liberal jewish agenda? Can’t that be all campaign money, can it?
“That begs the question, why is rethugnican party so stupid supporting liberal jewish agenda?”
Yeah let’s spread that hate. Let’s keep trying to divide America into little bickering groups. Heaven forbid you’d offer advice in building up America by promoting jobs, taking people off food stamps and the unemployment lines.
Yeah these idiots are there to talk about about jobs and people’s welfare. Wake up, dude!
“”The larger picture has nothing to do with the jobs report [Friday] or even the September decision by the Fed,” said Stockman. “It has to do with the the fact that the world economy, including the U.S., is heading into what is clearly going to be an epochal deflation to the likes of what we have never experienced in modern time.” ”
http://www.cnbc.com/2015/08/07/stocks-are-a-disaster-waiting-to-happen-stockman.html
It seems like Mr Market is trying to price in a September rate hike, which paves the way for a huge September rally in case the Fed punts again.
Marketwatch dot com
Market Snapshot
Dow 7-day losing streak worst since debt-ceiling crisis
By Wallace Witkowski and Mark DeCambre
Published: Aug 7, 2015 4:26 p.m. ET
It’s been four years since the Dow suffered this long.
U.S. stocks closed lower Friday, with the Dow industrials hitting its worst losing streak since 2011’s debt-ceiling crisis, after the jobs report matched economists’ estimates, boosting the chances for a Federal Reserve interest-rate hike in September.
The nonfarm-payrolls report showed that the U.S. gained 215,000 jobs in July, largely matching expectations, and the unemployment rate stayed pat at 5.3%.
…
Load up on cheap stocks, Prof. You will make a killing in Sep.
THEY WILL NOT RAISE RATES. GUARANTEED.
Are central banks required to disclose their equity holdings?
If raising the rates would be disastrous how come we lived through savings deposit interest of 5 and a quarter percent?
The economy is very sick if we cannot have a federal funds rate that is normal. They can stop all military spending until the debt is low enough to raise rates. How about for every $170 billion they military spending they increase the interest rate a full one percent? Cut defense spending by $340 billion and savings deposits would earn 2%. Taxes would not be increased.
They don’t care about your savings deposit. They want people to borrow, not save.
The best way to fight is to be debt free. Refuse to conform to the societal expectation of being a home moaner, refuse to get married, refuse to spawn more taxpayers. Refuse to vote.
The best way to fight is to be debt free. Refuse to conform to the societal expectation of being a home moaner, refuse to get married, refuse to spawn more taxpayers. Refuse to vote.
They will sell homes to rich and corrupt foreigners.
They will make you pay child support to other man’s children.
They will import more tax payers.
I’m not sure about that given the fact that housing demand is at 20-year lows and falling.
THEY WILL NOT RAISE RATES. GUARANTEED ??
Bank of England did not…Kept them at .005% with only one decenting vote…I think that move likely will give our FED pause…Our currency is already to strong…Maybe December…
Which simply drives demand lower.
Housing demand is already a 20 year lows. Just how anemic would you like your economy?
ft dot com > Markets >
Capital Markets
Last updated: August 7, 2015 1:53 pm
Uber-bear Grantham survives the bull run
Robin Wigglesworth
When attendees heard that Jeremy Grantham was giving the keynote speech at Morningstar’s annual mutual fund jamboree this year, they could be forgiven a slight sigh. Although widely-respected, his gloomy outlook often clashes with the industry’s generally sunny disposition.
Mr Grantham did not disappoint. In his hybrid British-Boston accent — the result of many decades based in the city — the founder of $118bn asset manager Grantham Mayo Van Otterloo (GMO) set out his predictably downcast view of the world and his industry.
Corporate profits are “abnormally high” and will revert to the long-term average. “We’re at the beginning of a rolling crisis” in global agriculture. There is a “huge debt overhang”, and the financial industry is “a bloodsucker, I’m afraid to say”. The closest he got to optimism was saying that bonds were “horribly overpriced, but not a bubble”.
Unusually for a famously bearish investor, however, Mr Grantham has a record that stands out for its longevity and performance — especially at times of turmoil. The study of financial excesses is his primary obsession, and “reversion to mean” the leitmotif of his investing career.
“Bubbles are the only things that matter. The rest of it is boring,” he told the FT. “You show up for work, markets are at normal levels, and there’s not much you can do. It’s all trivial. But in a great bubble you can get your clients’ arses out of the way, and the money you can save can be quite legendary.”
He has not always got it right. GMO accurately prophesied the dotcom bubble but was negative far too early, and as a result struggled with subpar performance and outflows. Still, the asset manager was eventually proven right and was able to recover in time for arguably GMO and Mr Grantham’s golden era: the global financial crisis.
In early 2007 he started talking about the danger of “a wheel coming off” markets that year. By January 2008, Mr Grantham sent out a prescient quarterly letter to his investors, stating: “This is the most important US financial crisis since [the] second world war: it is of course far more global than previous crises, with tentacles reaching everywhere, and it coincides with broad overpricing of assets.”
He also timed the recovery well, writing a letter to investors entitled “reinvesting when terrified” in March 2009 — just as the S&P 500 touched its nadir. While he was hardly bubbling with optimism, at least he finally saw the balance of risks skewing more towards jumping back into an undervalued market.
…
My sister showed me a commercial last night which seems well-suited for adaptation to politics:
Girls Don’t Poop - PooPourri.com: http://youtu.be/ZKLnhuzh9uY
LOL…
wsj dot com
Best of the Web
Could Sanders Win?
It’s hard to see how.
Bernie Sanders speaks in Madison, Wis.
Photo: Associated Press
By James Taranto
July 15, 2015 1:24 p.m. ET
Political writers love drama, and at the moment they’re seeking it in the contest for the Democratic presidential nomination. Hillary Clinton’s inevitability notwithstanding, you can see why. The Republican dramatis personae are too numerous as yet to make for an intelligible narrative, and for the moment the GOP story is dominated by Donald Trump, a comic figure.
…
Could Sanders Win?
They said the same about omaba.
And Trump. Who is more Hope and Change than Obama.
People are idiots they still prefer wolves in sheep clothes like omaba than rogue oligarch like Tumpster.
The Great Unwind has begun.
http://wolfstreet.com/2015/08/07/the-great-unwind-has-begun-bankruptcies-soar/
http://www.youtube.com/watch?v=k9_8YxDQYCo - 253k -
Climate change a UN-led ruse, says Tony Abbott’s business adviser Maurice Newman
May 8, 2015
Lisa Cox
Mr Newman’s other thoughts on climate change:
“Man-made ‘carbon pollution’ has become the shorthand rallying cry that unites global warming believers. The notion is a figment. It is made up. It is rooted in anti-capitalist, anti-growth green ideology that, for too long, has been bullied into our consciousness as science.” – The Australian, March 27, 2015
“Back in the real world, the poor are dying of the cold while the political elites and their friends bask in the warmth of cosy conferences, taxpayer subsidies and research grants.They seem indifferent to the hardship that their actions, based on dubious science, impose on the world’s underprivileged.” – The Australian, February 6, 2015
“The political left has seized on climate change as the new Marxism. It rejects empirical evidence which is inconvenient and promotes dubious and sometimes fabricated science as proven. In true totalitarian style it seeks to shut down debate and ruin the careers and reputations of those who dare to oppose the orthodoxy.” – The Australian, January 20, 2015
Read more: http://www.smh.com.au/federal-politics/political-news/climate-change-a-unled-ruse-says-tony-abbotts-business-adviser-maurice-newman-20150507-ggwuzt.html#ixzz3iEIE0M4m
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Ayn Rand- the coming anti industrial revolution
the greens
why not fight pollution instead of annoying folks w a theory
A worldwide conspiracy of scientists of all types, in countless institutions and universities, in every country of the world….
Because scientists are not to be trusted, only politicians and people connected to the fossil fuel industry will give you the truth.
Almost every economist was fully on board that there was nothing to worry about regarding housing prices before the last crash. How did that worldwide conspiracy happen? Same mechanism.
“Almost every economist was fully on board”
Those that worked for the financial equivalent of the fossil fuel industries were fully on board.
Tell us which mainstream economists saw the housing bubble and called it before anyone else?
I don’t know about “calling it before anybody else”, but ‘mainstream’ economists as diverse as Krugman and Greenspan were talking about housing being in a bubble in 2005, probably earlier. Of course they cited different causes and remedies.
Shiller 2001.
I didn’t think Shiller would count as ‘mainstream’. There were obviously plenty of economists/financial types who warned us and/or made fortunes betting against the bubble. Some made billions.
‘Robert James “Bob” Shiller (born March 29, 1946)[3] is an American Nobel Laureate, economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management’s International Center for Finance.[4] Shiller has been a research associate of the National Bureau of Economic Research (NBER) since 1980, was vice president of the American Economic Association in 2005, and president of the Eastern Economic Association for 2006–2007. He is also the co‑founder and chief economist of the investment management firm MacroMarkets LLC.’
‘Shiller is ranked among the 100 most influential economists of the world.[5] Eugene Fama, Lars Peter Hansen and Shiller jointly received the 2013 Nobel Memorial Prize in Economic Sciences, “for their empirical analysis of asset prices”.
https://en.wikipedia.org/wiki/Robert_J._Shiller
There are things I don’t like about Shiller, like how he came out and said we need to “save” house prices and supported TARP and all that.
I was going on the ‘which economist’s name would joe6pack maybe recognize’ definition of mainstream.
Economist who predicted busted housing bubble says another recession is coming 07/22/2014
http://www.mercurynews.com/business/ci_26195174/economist-who-predicted-busted-housing-bubble-says-another
….That’s the view of David Levy, who oversees the Levy Forecast, a newsletter analyzing the economy that his family started in 1949 and one with an enviable record. Nearly a decade ago, the now-59-year-old economist warned that U.S. housing was a bubble set to burst, and that the damage would push the country into a recession so severe the Federal Reserve would have no choice but to slash short-term borrowing rates to their lowest levels ever to stimulate the economy. That’s exactly what happened. Now, Levy says the United States is likely to fall into a recession next year triggered by downturns in other countries, the first time in modern history.
He put on his prediction, so we’ll be able to see whether he’s correct. That’s one thing to admire about AlbequerqueDan and his oil price prediction.
I meant to write that he put a date on his prediction.
Almost every economist was fully on board that there was nothing to worry about regarding housing prices
Wow, I would not use economics to discount other sciences. Economics is a soft science, like the social sciences. Unlike the hard sciences, you can’t have independent experiments that are repeatable and verifiable.
It’s closer to economics than physics or chemistry.
climate change as the new Marxism
Right “the new Marxism”. A laughably dumb buzzword usage.
(Climate Change) is made up. It is rooted in anti-capitalist, anti-growth green ideology
Science has no economic ideology. Science is science. That whole article is a classic example of willful ignorance to promote a failing agenda.
Almost every economist was fully on board that there was nothing to worry about regarding housing prices
Economics is not a science in the sense of climate change science. Economics = Physics and Chemistry? Right
“the truth”
is never proved or disproved by consensus.
Sorry, but that’s how science really works, in the real world outside of tv.
“New scientific knowledge rarely results in vast changes in our understanding. According to psychologist Keith Stanovich, it may be the media’s overuse of words like “breakthrough” that leads the public to imagine that science is constantly proving everything it thought was true to be false.[45]:119–138 While there are such famous cases as the theory of relativity that required a complete reconceptualization, these are extreme exceptions. Knowledge in science is gained by a gradual synthesis of information from different experiments, by various researchers, across different branches of science; it is more like a climb than a leap.”
wikipedia
Sorry Oddie, consensus does not prove a thing. Ever.
How do we prove that ‘up’ means ‘up’, and not ‘down’?
Are you feeling misunderstood?
I’m showing how consensus proves things.
Sorry Oddie, consensus does not prove a thing
Consensus “proves” things all the time. Repubs losing 5 out of the past 6 presidential popular votes proves that Repubs are out of touch with the average American on a national level.
Consensus proves vanilla is the most popular flavor of ice cream, Americans love owing their own home and consensus proves America is a gun loving country.
How would not consensus prove these things?
Lol@lola
Who knows where this picture was taken?
Your clue is Stanley Kubrick’s “The Shining”
http://www.picpaste.com/IMG_20150808_080321.jpg
Region VIII
“Your clue is Stanley Kubrick’s “The Shining””
England?
Stanley Kubrick filmed 2001 in outer space, so my guess is Jupiter.
You pulled that out of Uranus.
https://en.wikipedia.org/wiki/The_Shining_%28film%29#Plot
There are idiots abound. They support the cheap money and at the same time complain about increasing inequality.
–Ancient Chinese Proverb
Climate change denialism is becoming so indefensible that even the oil companies are jumping off of the denier ship:
“Shell to leave ALEC over climate change stance”
“Shell has previously acknowledged the existence of climate change and called for policy changes to confront it.”
Reminds me of the Health Insurance companies and Obamacare.
Obamacare: The Biggest Insurance Scam in History
Wednesday, 30 October 2013
By Kevin Zeese and Margaret Flowers, Truthout | Op-Ed
The Affordable Care Act (ACA), also called “Obamacare,” may be the biggest insurance scam in history. The industries that profit from our current health care system wrote the legislation, heavily influenced the regulations and have received waivers exempting them from provisions in the law. This has all been done to protect and enhance their profits.
Oh, so now your beloved oil companies are now suddenly greedy oligarchs because now they admit climate change is real? My prediction, posted here, is coming true step by step: as climate change worsens, an increasing number of large corporations will adapt their business plans to include climate change. And when a critical mass of corporations recognize and take action, the Republican Party will follow suit and their position will “evolve.”
will adapt their business plans to include climate change
It’s called sucking on gobmint teat. You gotta join the cronycomy….it has 2 benefits. Makes you media’s darling and provides access to taxpayers money.
“provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money. provides access to taxpayers money.”
I guess if the military–industrial complex, Henry Paulson, Michael Bloomberg, hedge-fund billionaire Tom Steyer, the UN and Obama all say it’s for our own good it must be true.
They must be getting a good behind the scenes chuckle looking at and listening to the useful idiots carrying this water for them.
DOD study: Climate change is a security threat — right now
By George LeopoldAug 07, 2015
Arctic ourpost global warming
There’s a standing joke among military meteorologists and Navy oceanographers: Soldiers, sailors and airmen often say they are not interested in climate, but they care a lot about the weather.
That attitude is slowly changing among senior leaders, based on the conclusions of a Pentagon report to Congress on the national security implications of climate change. The report finds that rising sea levels and climate disruptions are a “present security threat, not strictly a long-term risk.”
“We are already observing the impacts of climate change in shocks and stressors to vulnerable nations and communities, including in the United States, and in the Arctic, Middle East, Africa, Asia, and South America,” warns the report (PDF), which was released on July 29.
Among the biggest concerns are sea-level rise around U.S. naval installations and the impact of severe weather on military operations, the report noted. The Navy in particular is concerned about the impact of melting sea ice in the Arctic and its impact on naval operations.
defensesystems.com/articles/2015/08/07/dod-climate-change-threat-report.aspx - 37k -
provides access to taxpayers money
There is no man-made climate change because it might cost someone somewhere some money.
It’s obvious.
“Oh, so now your beloved”…
http://www.youtube.com/watch?v=ss2hULhXf04 - 234k -
“My prediction, posted here, is coming true…”
Hmmmm….
This is one of the things that makes Global Warming the religion of the times; questioning or debate makes one a heretic.
The sea-rise numbers are out there alright.
Honest Henry Paulson who would never do anything to help his billionaire friends and hurt average Americans is down with the climate change struggle.
Florida leads nation in property at risk from climate change
By Jenny Staletovich
July 27, 2015
“The sea-rise numbers are out there. The heat numbers are out there. What this study has done for the first time is really look at this from a business perspective,” former U.S. Treasury Secretary Henry Paulson, who co-chaired the project, said in an interview with the Miami Herald.
Co-chaired by former New York City Mayor Michael Bloomberg, hedge-fund billionaire Tom Steyer and Paulson, the Risky Business Project is a collection of business and policy leaders that crosses political lines. This year’s committee included former University of Miami President Donna Shalala, a Clinton administration alum, and George Shultz, who served in the Nixon and Reagan administrations
Read more here: http://www.miamiherald.com/news/local/environment/article29029159.html#storylink=cpy
Seems like the true-believers are on the denialist side. Their belief system requires a worldwide conspiracy of scientists, which seems impossible to any rational person.
The other side’s belief system requires science to be right, and that burning several hundred million years worth of stored carbon in a few centuries has indeed altered our ecosystem. That seems quite possible to a rational person.
Worldwide conspiracy of incentives, just like with the economists that missed the bubble (or ignored it).
What are the incentives? Who is able to distribute them throughout so many different institutes and universities around the world? What is their ultimate goal?
And we’ve proven your ‘no economists called the housing bubble’ theory to be wrong.
Many of the economist who denied the housing bubble were employed by the firms or industries making money from the bubble. Just as the (much smaller) group of scientists who deny climate change generally work for or are sponsored by the fossil fuel industry.
That’s the common trait.
Pretty much all of them denied it, excepting Shiller. 99 percent were for letting the good times roll. They were all employed by the paradigm, same as your scientists who dare not speak out against the orthodoxy of climate change lest they be branded crazy and dismissed by the new liberal McCarthyism.
Then I ask again,
Who is behind this plan? What is their goal?
Pretty much all of them denied (The Housing Bubble),
Shiller, Levy, Bill Fleckenstein, Nouriel Roubini, Mark Zandi, Dean Baker, Peter Schiff etc called it a bubble.
scientists who dare not speak out against the orthodoxy of climate change lest they be branded crazy
That’s silly and misunderstands science. How can a scientist be branded “crazy” if he backs up his “orthodoxy” with science? It’s not like they are using the bible to back up their claims. They are using SCIENCE. So your whole premise lacks any scientific or logical basis.
There is no cabal directing everything. Just establishment orthodoxy aligned with globalist goals. Ants working for the Hive.
“establishment orthodoxy aligned with globalist goals”
So there is no one directing this. It’s just some sort of systemic entropy with a tendency towards globalism. And globalism somehow favors the interests of renewable energy over fossil fuels? Why would that be?
If you think about it, globalism and big oil are one and the same. The widget we used to make in Peoria is now made in Pyongyang. It’s then put on an carbon burning ship to America, where it is put on a carbon burning truck and driven across the country to be sold in Peoria. If carbon fuel prices go up, say by taxing them more, that system breaks down. Local production becomes more economical than long-distance trade.
Are you sure the global warming believers aren’t the true anti-globalists? Sure does make more sense. Maybe you’re just a fooled tool of the globalists, spouting their party line.
Conservation would localize things. It is hard to find a conservationist these days. The GWBers don’t want to cut back on their excess, they just want others to pay for it.
“Conservation would localize things.”
Which is why Big Oil and globalism are intertwined. The idea that they would somehow be in opposition is nonsensical.
A False Rainbow Fag
Tennessee lesbian couple faked hate crime and destroyed own home with arson for insurance claim, jury rules
BY Nicole Hensley
NEW YORK DAILY NEWS
Wednesday, August 5, 2015, 4:00 PM
A lesbian couple faked a hate crime that left their home a pile of charred rubble at their Venore, Tenn., property in 2010, local reports said.
An insurance company caught on to the ruse months after the blaze and accused Carol Ann and Laura Stutte of perpetuating a hoax and blaming the fire on their neighbor, the Knoxville News Sentinel reported.
A federal jury ruled in favor of the insurance company’s belief that the couple spray-painted an anti-gay slur on their own garage to spin the fire as a hate crime based on their sexual orientation.
The homeowners intended to bank on an insurance claim of more than $276,000, American National and Casulty Company alleged in court documents obtained by the News Sentinel.
The target of their stunt was Janice Millsaps, a neighbor whom the Stuttes accused in news reports and a lawsuit of threatening to kill them and burn their house down.
“Do you know what is better than one dead queer? Two dead queers,” is what the Stuttes accused Millsap of saying one month before the Sept. 4 blaze that destroyed their home.
The word “queers” was scrawled across their garage during the fire.
Millsap was never charged in connection to the ensuing accusations even as the FBI and Tennessee Bureau of Investigation stepped into the probe.
The alleged hate crime garnered sympathy for the residents of the small town from a local PFLAG chapter after Laura Stutte described knowing who the arsonist was two weeks after losing their home.
“We know who wrote those threats,” Stutte told the Metro Pulse. “Anyone who could go so far as to paint those hateful letters and burn someone else’s house down, they are really disturbed.”
http://www.nydailynews.com/…an-couple-faked-hate-crime-arson-home-court-article-1.2315755 -
False Flag is a b1tch when it doesn’t work.
“A False Rainbow Fag”
I know some won’t believe it, but I accidentally missed the “L” in flag.
Walking away from an underwater house is entirely legal. Barbecuing it is just plain greedy….. and gets you jailtime.
I expect to seem more stories like this as the housing bust gains speed.
why destroy a cash cow?
Heh heh the Trump Show continues on Twitter… Now smacking Krauthammer in addition to Fox News:
Donald J. Trump @realDonaldTrump 6h6 hours ago New Jersey, USA
Re Megyn Kelly quote: “you could see there was blood coming out of her eyes, blood coming out of her wherever” (NOSE).
Donald J. Trump @realDonaldTrump 22h22 hours ago
The hatred that clown @krauthammer has for me is unbelievable – causes him to lie when many others say Trump easily won debate.
Donald J. Trump @realDonaldTrump 22h22 hours ago
….Dopey @krauthammer should be fired. @FoxNews
Donald J. Trump @realDonaldTrump 22h22 hours ago
@FoxNews you should be ashamed of yourself. I got you the highest debate ratings in your history & you say nothing but bad…
Well, geez, he does have some points there. krautyammer is awful and yes, he did get Fox the highest debate ratings ever.
As to Ms Razorwire, it is part of her schtick to act like she’s b*tchy. This is nothing new.
Krauthammer is afraid Trump won’t invade Iran on his second day of office, and a war with Iran is something most establishment repubs want.
I am quite sure the same Donald Trump who would have Edward Snowden executed for exposing the government’s crime of violating our rights will be the same Donald Trump who steps up the bloodshed in foreign lands.
Prediction: All (or most) of the other GOP candidates gang up on Trump and really start to hammer him, using the justification that since he won’t promise not to run as an independent, he doesn’t get the ‘don’t attack a fellow GOP candidate’ treatment. The GOP establishment joins in.
This infuriates Trump, who runs as a third party candidate, dooming eventual GOP candidate’s Fiorina’s otherwise good chances in the election.
You heard it hear first.
We’ve been hearing that third party blather ever since Trump jumped in. So it ain’t here first. It’s also wishful thinking motivated by the left’s fear of having no counter to Trump’s populist sentiments beyond someone who takes selfies with Kim Kardashian and Kanye.
Looks like we got us a Trumptroll! You’re right, he’s awesome.
That Rosie O’Donnell line was hilarious. For a guy who isn’t supposed to be a real candidate, he thinks better on his feet than the talking point drones who spout the usual conservative cliches.
That Rosie O’Donnell line was hilarious.
For a candidate running for the President of the United States of America?
“….Trump conflates his battle against political correctness with his seeming willingness to put down anyone or anything that stands in his way. Trump seems to think that name-calling — because most politicians don’t engage in it — is somehow consistent with his broader anti-politician image.
But, politicians — and people — don’t engage in name calling because of a little something called basic human decency; treating people the way you would like to be treated. We don’t make jokes about womens’ menstrual cycles to explain away behavior we don’t like not because we are paralyzed by political correctness but because we aren’t pre-teen boys.
The Washington Post, today
Trump troll, hah. I like Trump sure. But I’ll troll on anything!
Prediction: All (or most) of the other GOP candidates gang up on Trump and really start to hammer him, using the justification that since he won’t promise not to run as an independent, he doesn’t get the ‘don’t attack a fellow GOP candidate’ treatment. The GOP establishment joins in.
This infuriates Trump, who runs as a third party candidate, dooming eventual GOP candidate Fiorina’s otherwise good chances in the election.
You heard it hear first.
Actually, you heard it here second.
I have a friend who works at Qualcomm, which is experiencing a CF of epic proportions. White hot rage on display.One of the more fascinating (like a train wreck) blogs I’ve ever read:
https://www.thelayoff.com/qualcomm
hey, salad, thanks for posting, that is fascinating. We’ve had the same crap happen at Disney here in Florida.
I hope this work visa program becomes an issue in the next election. Do we really need to be bringing in Indians to drive down wages so even more executive bonuses can be handed out?
Wow. The common theme is about H1Bs from India being crappy managers and crappy colleagues.
I can see both sides of the anger here. Indians work cheap and they know how to live cheap even in upscale areas of California. They are extremely thrifty and work hard. The Anglos do their required work but maybe not as much productive, have extreme expensive tastes and are cardiac candidates for living paycheck to paycheck. Maybe their anxiety shows up in their personality.
We Anglos do not own our jobs. Seen this type of thing coming 22 years ago and assumed I would have to leave software for something else, instead I saved. I made myself live very cheap like the Indians do. I was married to my career. Yet this is only one company, Qualcomm. It will be a few years before we see no more than five percent of engineers with white complexion. But a lot of that is self-inflicted too. STEM majors are boring to Anglo youth on ADHD drugs.
‘Seen this type of thing coming 22 years ago and assumed I would have to leave software for something else, instead I saved. I made myself live very cheap like the Indians do. I was married to my career.’
Are you on a FI trajectory any time soon?
Trump winning the election is currently 16 to 1 at Paddy Power. He’s tied with Joe Biden.
Trumpster fans should put their money where their mouths are, those are some damn good odds if you really thinks he’s going to win.
Hillary is even money.
Fiorina’s 20 to 1 to get the GOP nomination. I may buy some of that.
The Trumpster is 8 to 1.
Huh? What? If it has wheels and is less than 400 ft^2, no property taxes?
http://www.ebay.com/itm/CABIN-TINY-HOME-MANY-STYLES-MOVABLE-PRE-FAB-FOR-YOUR-PROPERTY-LOT-PARTIALLY-FURN-/181820499467?hash=item2a5558a60b
If its movable, no property taxes regardless of size. Think machine rollers on pole barn with extra wind bracing.
Bitcoin is money
https://www.bitcoin.com/en/bitcoin-news/3303975942998078372-cryptocurrency-constitutes-money-regardless-of-belief
Yep, the fed acted REAL quick on doing something about the category of Bitcoin. They did not want to let it stay under the table with the IRS. Now, I am not enamored to its price discovery acrobatics. I prefer it simmer down in volatility and not be a CF of opaque user friendliness. That, and more vendor participation.
https://www.reddit.com/r/SmallHome/comments/3dzu1j/the_microapartment_phenomenon/
I am just thankful I had the opportunity to save early and took that opportunity, bank on my MS degree too. The young people have a tough row to hoe. When I hear of the millenials engineers getting 5% raises in my group, I am happy for them. Some deserve it, though others need to be less arrogant and be “put in their place” in new departments with different management and learn humility.
Living in a micro apartment is extreme but I recall 20 years ago MTV had all day shows about dozens of young adults living together too. It’s been bad for awhile. My 60 year old sister shared houses with people when she was in her 20s in Santa Barbara.
Yhe only sector to really prosper was the MIC. At the expense of millions of former middle class. Well wars will continue. There is no anti war movement. Maybe if a Republican becomes president the democrats will rediscover that the wars are immoral.
phony scandals