Bits Bucket for September 30, 2015
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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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North Texas housing market is hot, but analysts say it’s no bubble.
Buyers camping overnight in Collin County to get first pick of lots for new houses.
Home sellers in North Dallas often getting more than asking price with multiple offers.
The supply of houses in the area is at the lowest point in generations.
Has the North Texas housing market gone over the top?
http://www.dallasnews.com/business/residential-real-estate/20150929-north-texas-housing-market-is-hot-but-analysts-say-its-no-bubble.ece
how long did it take in the late 80’s to travel from oil patch to banking centers
2? how much more levered are oil loans this time?
Homebuyers camp out to claim prime lots in McKinney development.
More than two dozen people slept in tents or their cars Monday night in order to snag first dibs at one of dozens of home sites being offered for sale in McKinney Tuesday.
http://bizbeatblog.dallasnews.com/2015/09/homebuyers-camp-out-to-claim-prime-lots-in-mckinney-development.html/
Watched the video…Said all 83 lots would sell out in one day…They did not mention price point…Do you know what the finished homes are selling for ??
In the $300’s. Mckinney is a good piece north of Dallas. I think this development is west mckinney.
“…say it’s no bubble.”
Great find ibbots, its an analist from the Texas A&M Real Estate Center pimping houses. Why would they do that when they are funded from Realtor license fees? Don’t the analists realize that might make them look biased?
“Real estate licensees fund the Center through a portion of their license fee.”
https://www.recenter.tamu.edu/info/faq/
All is not well in Europe with the Muslim invasio, er, uh, I mean migration, yeah, that’s the ticket. You won’t see or hear about this on any US or even European msm outlet. Turks vs Kurds on the streets of Frankfurt:
https://www.youtube.com/watch?v=rSB-ZI_i9AI
They’re pilgrims. The Pope said so.
Loved ABC News Los Angeles’ headlines this AM
“Rainbows spotted throughout Pope Francis’ visit to US”
It’s a miracle! Religion is such superstitious nonsense, imho.
lying.through.her.teeth.the.whole.time.
Inchy, are you planning to sell your home? Last week you made a fuzzy post saying “we’ll make a profit on our house; we would do FSBO.” Does that mean you’re really planning to sell, or were you just talking hypothetically?
You might considering doing the same Donk. Have some cash to bring to the closing.
Hypothetically, oxide. We have a spreadsheet and have kept track of our costs for deferred maintenance repairs and any “pretties”. We have a lot of sweat in this place as well. We know exactly where we’re at.
I went against my usually rules, and bought ornamental wicker rocking chairs w/ cushions for the covered porch. Gotta love the female touch. New garage carriage and porch lights look terrific. For very little $, what a difference.
FSBO on the MLS online websites, takes an iron constitution, but saved us 10’s of $1,000’s.
Hi Inchy,
lots of work is right I finally finished my back yard landscape came out pretty good and with significantly less water use.
Time to start on the front.
Thank you for clarifying, inchy. Your post, from a few days ago, made HBB wonder if you were really selling.
Well actually, much of HBB assumed that you *were* selling. You had wept an awful lot of tears of joy over this forever toe tag house which your mensch contractor fixed up. So if you were selling so soon, you would have been a huge hypocrite. HBB was calling you a hypocrite, slow-motion flipper, lying through your teeth, etc. Several posts from today still look like that.
[in case you were wondering what all the strange sounding posts were about.]
Not a buyer in sight for half the amount you’ve got in it. Just like you Donk.
oxide
Thanks for the one up on the HBB vampires. We have been sensible. Our lighting was online for $185 per fixture and we paid $65. I’m a value shopper. I record all my purchases, and I revise my basis. I am VERY detail oriented.
We paid $380K and could sell for $550K right now. But then, where could we live for $550 mo? (accruals)
cactus
We’re doing the inverse. The curb appeal, then the backyard. We’re going almost drought friendly, lots of water drip systems, and hardy ground cover. The pool is the big ticket item left. Concerned about liquefaction under the foundation eventually. Then fencing and 2 gates. I hate vinyl, but wood and termites, is the dilemma.
mafia
As my former boss (VP-Operations REIT)would say “that guy is mashugana”, and he would be right about you.
Why lie?
mafia
Some cyber tango, when we meet up again.
fraud
Warmist Warming Wednesday
New York Times (real journalists) asks “where’s the money?”
http://www.nytimes.com/2015/09/30/business/getting-to-100-billion-in-climate-change-aid.html
Bigger government, more regulations, higher taxes, et cetera.
P.S. I’m leaving on a 1,000 mile roadtrip today, eat my carbon footprint!
Man made climate finance
There is no denying that.
“We are well on our way to achieving this $100 billion goal,” Secretary of State John Kerry said after a meeting of rich countries in Paris this month to discuss climate finance.”
“Man made climate finance”
Or lack of finance. If you are a scientist and you dare question any of this you just may end up suffering from lack of finance.
Or you may end up with a fat job making fake science for the climate science denial industry, the same way there were well-paying jobs awaiting the few scientists willing to claim tobacco wasn’t harmful back in the day.
Yes, I’d much rather get a 1 in 1000 fat job denying it than the 999 fat jobs supporting it. Government science ahhahahahhahhhahhHhhA.
WoW! Ignorance is rampant today. Spend some time reading about the Earth’s coral reefs. I know you dont swim, nor leave your house, but some of us do.
Governmet science ahhahahahhahhhahhHhhA
You mean the government science that brought us:
Artificial limbs
Baby formula
Cell-phone cameras
Computer mouse
Cordless tools
Ear thermometer
Firefighter gear
Freeze-dried food
Golf clubs
Long-distance communication
Invisible braces
MRI and CAT scans
Memory foam
Safer highways
Solar panels
Shoe insoles
Ski boots
Adjustable smoke detector
Water filters
UV-blocking sunglasses
Digital Cameras
GPS
Canned Foods (French Government under Napoleon)
Microwave ovens
Oh yeah, and there’s this thing called “The Internet” you may have heard of - came from DARPANET, a government project.
/never worked for the government myself, and definitely not a fan of the wars governments start, but can’t stand abject ignorance. F#@$%&^ read someone besides Alex Jones for a change.
http://www.businessinsider.com/everyday-items-developed-by-nasa-2012-8
http://www.mandatory.com/2012/10/23/10-everyday-items-we-can-thank-the-military-for-inventing
Thank them? They take our money or print it, spend many billions ever year figuring out new ways to kill people and spy on them, wasting so much money they lose count. Two things; one is I’m pretty sure someone would have eventually been able to make sunglasses and string computers together if the government hadn’t. And with that kind of budget, couldn’t any group come up with a few new things?
Let’s not forget the rest of the list; germ warfare, nukes, etc.
What should concern us today is, has the US military captured so much influence that it is a danger to a free people? Are we ever going to be able to pay back all this borrowing? Will it go in search of enemies to justify its existence, possibly putting all our lives at risk? We’ve been on the brink before.
What I really don’t like is this trend where some new technology comes and the government immediately uses it against us. Constitution? Bahh, we’ve gotta protect you all. No law or morality involved. Plus, they aren’t even good at that, just rolling in money. I read this yesterday:
http://www.theamericanconservative.com/articles/how-primary-politics-inflate-pentagon-pork/
‘How Republican Primaries Create More Pentagon Pork
Military reformers debunk the defense establishment wishlists embraced by Fiorina and other hawks.’
‘The “more is better” argument, even in a drawdown period after two enormously expensive wars, staggers on like a zombie, reanimated by hawks like Fiorina, who often consult with think tanks funded in part by the defense industry and ex-military officers who serve on the boards of Beltway government contractors.’
“And they [advisors] tell them the military is great, and that it just needs more money and people. They tell candidates what they want to hear, and you know what, it’s just going to keep producing these hollow victories at best,” said (Ret.) Army Maj. Don Vandergriff, who is now teaching leadership courses at Fort Benning, Ga., and serving on the new military advisory board at the Project on Government Oversight (POGO).’
“I tell you, if you put more money, more people into the current system, it is going to break our economy and will force us to suffer defeats all over the world.”
“Debates around the F-35 illuminate how Congress falls short in its fundamental defense role,” said (Ret.) Lt. Col. Anthony B. Carr, a former combat pilot for the U.S. Air Force, and now a law student and senior editor at Harvard University’s National Security Journal. He is also serving on POGO’s new reform team, which hopes to publicly counter the budget myths propagated by the defense establishment.’
“The Air Force and Marine Corps can’t be put in a position where they see no choice but to pay for and field a program—even if it means ditching people and weapons still relevant to our defense—for lack of a suitable alternative,” he said, noting the steep personnel cuts—about 19,000 active duty Airmen—after belt-tightening measures in 2014.’
‘The board will be joined by Marine Capt. Dan Grazier, 37, who retired from active duty just four months ago. (Grazier is POGO’s new Jack Shanahan fellow, a position reserved for those with recent combat experience.) While many of his fellow service members might have chosen a more lucrative path in the military-industrial-congressional complex, he’s jumped right into trying to reform it.’
“I was a true believer,” he told TAC about his time in Marines. “Then I learned about John Boyd.”
I’ve mentioned Boyd before and please read the article. This guy pointed out the DOD doesn’t have a clue about fighting modern war. Kinda makes you wonder what they are doing. It’s no big surprise we have troops fighting this very minute in Afghanistan. There are a bunch in Iraq. We can blow stuff up, kill people, but we can’t win anymore. And it’s because the DOD and DC have their heads up their a$$es
Bingo. Follow the money.
No argument about government overreach here Ben. My main complaint when people dis government research is that they always fail to acknowledge that many of the so-called “breakthroughs” in private industry were based off ground work done with taxpayer dollars. Often, like in the case with many pharmaceuticals, the research was entirely funded by the taxpayer, just so some asshole can come along and charge $700.00 for a pill that costs like $1.50 to make.
I just feel it’s important to remind people where much, or in some cases all, of that research actually came from.
“I just feel it’s important to remind people where much, or in some cases all, of that research actually came from.”
Wars
Don’t get Lysenkoed.
Or Nuremberged.
Climate change is Social Justice.
The lead photo of the article is of Sandwip island and the caption reads “Sandwip, an island with a population of 350,000 in Bangladesh, is eroding away at a fast pace.”
This is the poster child for (imminent) sea level rise and weather hysteria. The irony is that the river delta island area of Bangladesh isn’t shrinking at all. The islands are constantly shifting around, but not shrinking. It’s a river delta.
The politicians play us all for fools while they put lipstick on influence money and lucrative deals for their business buddies.
And a worldfull of scientists plays along with the massive conspiracy.
“massive conspiracy”
If the poster child is fake, how are we to discern the truth? Most people are happy enough just to be traveling with others of like mind. Some care about the destination.
A world full of scientists, at all sorts of institutions and universities, many with tenure, under all sorts of political regimes, some friendly and some hostile to the west, and they pretty much all play along in this conspiracy.
Occam’s razor says….Bzzzzt! No way.
“A world full of scientists, at all sorts of institutions and universities, many with tenure, under all sorts of political regimes, some friendly and some hostile to the west, and they pretty much all play along in this conspiracy.
Occam’s razor says….Bzzzzt! No way.”
Just like the housing ponzi, they all have similar incentives to keep the scam going.
If you think the housing bubble was studied by scientists the same way climate change is and has been, you’re a natural-born know nothing.
We know the Bangladesh story is fake. Let’s start with that and see where it leads.
How come the SJWs never talk much about war and displaced populations, which is going on right now, if they’re so worried that “climate change” will displace populations in the future?
I really don’t see them out protesting and trolling about this issue. War creates heat, displaces populations, etc. It would be a good and worthwhile issue to tackle.
Maybe death and destruction are only seen as bad if they are unintentional?
War creates heat, displaces populations, etc. It would be a good and worthwhile issue to tackle.
More importantly, war kills and maims people. Back before the Iraq invasion in 2003, people were marching against in cities all over the western world. In some ways, that was an improvement over the movement to stop the Vietnam war, which didn’t get going until a few years after the war had started.
How come the SJWs never talk much about war and displaced populations, which is going on right now, if they’re so worried that “climate change” will displace populations in the future?
Probably because political displacement of remote 3rd nation populations is remote, distant, and is extremely unlikely to occur in the U.S. Climate change displacement, OTOH, will not exempt the U.S. and hangs over the heads of you and me. Like the DoD says, it’s a direct threat to the homeland.
“The politicians play us all for fools while they put lipstick on influence money and lucrative deals for their business buddies.”
Useful idiot
From Wikipedia
In political jargon, useful idiot is a term for people perceived as propagandists for a cause whose goals they are not fully aware of, and who are used cynically by the leaders of the cause. Despite often being attributed to Vladimir Lenin,[1][2][3] in 1987, Grant Harris, senior reference librarian at the Library of Congress, declared that “We have not been able to identify this phrase among [Lenin's] published works.”[4][5]
In the Russian language, the equivalent term “useful fools” (полезные дураки, tr. polezniye duraki) was already in use in 1941. It was mockingly used against Russian (anti-communist) ‘nihilists’ who, for Polish agents, were said to be no more than “useful fools and silly enthusiasts”.[6]
We ought to stop asking questions about global warming and start asking why a shifty 3 mi x 5 mi island is supporting 350,000 people. The tindr must be strong there.
As I said of myself when I moved to coastal Louisiana, anyone who goes to live on a soggy sandbar in a river delta at sea level has got to be an idiot.
has got to be an idiot
Trouble is there’s a few hundred million of them. And they’re going to come looking for dry land as they lose their sand bars to the rising sea. And that’s going to make the current refugee crisis in Europe look like child’s play.
Yes, but Comrade Pelosi and George Soros will have their permanent collectivist majority and can loot the productive at will with all those entitlement voters. So it’s all for the greater good.
anyone who goes to live on a soggy sandbar in a river delta at sea level has got to be an idiot
The Bangladeshis were probably mostly born there. In that case, not many go to live there.
And they aren’t going to go looking for Bangladeshi dry land, o no precious. It’s on to Denmark, where they pay double the rate of free sh!t.
Goon
I must have missed your announcement. Where are you off to?
How’s your house flip progressing Inchy? Will you get your money back for the grandiose granite upgrades and then some? In your circle of fellow Realtor buddies, is FSBO considered heresy? Will you stop flipping now or double down on another California “cottage” fixer up flip? I hear gambling (like lying) is a compulsion.
Emerald City, via the Yellow Brick Road.
Poncha Springs, Del Norte, Creede, Lake City, and Gunnison.
Another particular reason? (Other than following the trail of Tinder bread crumbs?)
I’ll reply to the unscientific comments above with the following chart:
http://www.ncdc.noaa.gov/sotc/service/global/map-percentile-mntp/201501-201508.gif
Jan-to-Aug 2015: warmest year-to-date in 136 years of record-keeping. Except for one spot of cold near Greenland, we are now truly seeing _global_ warming. The cold hard facts are laid out on the table. It’s time to face the mirror and face the reality that all of the carbon humans have burned since the discovery of fire have caught up to us.
You’ve been schooled on this numerous times, but will learn nothing.
I haven’t been “schooled” because I don’t listen to unscientific blather that isn’t backed with objective data.
This country became great because we embraced science and technology. The anti-science movement fostered by conservative leaders has deeply undermined this country’s strength. We cannot compete in a global economy without being leaders in science and technology. The anti-science Congress is borderline economic treason in my book.
The Bangladesh is sinking/washing away story is fake. It’s anti-science. How do you embrace that?
NOAA, NASA, all part of the worldwide scientist conspiracy.
You cant help those who have blind faith and refuse to educate themselves. Hopefully they dont breed.
You mean like “the science is settled” blind faith?
And as to breeding, we are screwed, because the breeders in this country are mostly the immigrants, who by and large don’t give a rat’s caboose about global er, I mean climate change.
It’s not just this country. See the example of the 350,000 people on a tiny island in Bangladesh.
Blind faith in anything is bad news.
Religion
Trump
There is no global warming
GOP will give us less spending and less gov
People need to investigate the research and fact first,never close their eyes and follow.
The inherent problems with climate science is that:
1. Measurements of climate are imperfect;
2. Hypotheses are difficult (or impossible) to test and or replicate those tests.
As such, saying the “science is settled” is problematic if you are looking at climate science as the same as other lab sciences.
Now that said, some things are hard to dispute:
1. The climate is changing;
2. Man’s activities have an influence on climate.
There are areas where the science is FAR from settled:
1. To what extent CO2 levels (a weak greenhouse gas) will lead to higher levels of H2O in the atmosphere (a much stronger greenhouse gas);
2. To what extent sea levels will rise;
3. To what extent the biosphere will absorb more CO2 if more CO2 is available;
4. To what extent natural factors are contributing to climate change (you only have to look at the historic record to see climate variation before man).
Etc.
And there are other areas that are hard to dispute:
1. The rise in CO2 has been abrupt when compared to the historic record;
2. There is a non-trivial probability that the rise in CO2 will lead to outcomes very negative for people on the planet;
HOWEVER, I’ve yet to see anyone intelligent discuss the cost/benefit of the various things we COULD do in the face of climate change.
And ironically, one reason they do not, is because the “settled science” doesn’t allow us to actually calculate a benefit to any of the things we could do, since climate models are notoriously sh*tty in terms of their actual predictive power.
“You cant help those who have blind faith and refuse to educate themselves. Hopefully they dont breed.”
Uh oh. CalifoH20 smug alert!
https://www.youtube.com/watch?v=AnFAAdOBB1c
Is it uncle FEDS job to manipulate stock prices are force people to overpay?
The Fed’s dissembling is diverging more and more obviously from reality. It’s a good thing 95% of the populace is stupid or the Fed would have a serious credibility problem.
http://www.zerohedge.com/news/2015-09-30/dear-bill-dudley-why-are-you-lying
Article linked from Google News discusses Sky Wizardry and pimps the fear:
http://www.theblaze.com/stories/2015/09/25/is-the-coming-blood-moon-a-biblical-sign-from-god-that-something-earth-shattering-is-about-to-happen-to-israel/
This explains how Tom Cotton, Lindsey Graham, Mike Huckabee get elected. This explains the Duggar family and Duck Dynasty. This explains how people like William Kristol (who is not a Christian) manipulate the votes of alleged Christians into launching preemptive trillion dollar wars in the belief that it may hasten the Rapture.
$600,000,000,000+ a year war machine is in the hands of the elected officials put into office by the people who believe this article.
Drudge Report (neocon, not libertarian) links to New York Times (real journalists) article about Americans fighting ISIS on their own:
http://www.nytimes.com/2015/10/04/magazine/meet-the-american-vigilantes-who-are-fighting-isis.html
William Kristol approves of this message.
Breitbart dot com (Andrew Breitbart was murdered under direct orders from King Obama links to articles about conflicting formats of Sky Wizardry:
POTUS tells UN: violent extremism is not unique to any one faith
Report: ISIS has crucified, tortured thousands of Christians in Iraq, Syria
Pakistan’s Christians warned: attacks coming
The obvious solution would be to ban immigration from muslim countries and end all American military involvement in and foreign aid to the Middle East, but that doesn’t justify a $600,000,000,000+ a year war machine now does it?
$18,000,000,000,000+ of debt, American taxpayers and voters, do you feel like you got your money’s worth? William Kristol is looking at you through the TeeVee screen, laughing at you, muttering under his breath “stupid f*ing goyim”
Any thoughts on how much farther Wall Street stocks have to fall, given that the Fed has yet to even initiate liftoff?
Are you relieved to see some end-of-quarter window dressing to make the stock market selloff seem less dire?
Meanwhile, in that oasis of stablility and prosperity known as China:
http://news.yahoo.com/explosions-kill-3-injure-13-southern-china-city-110044085.html
Junk bonds are getting harder to sell.
http://wolfstreet.com/2015/09/29/junk-bond-rout-falling-stocks-slam-ma-boom-and-thats-very-bearish-for-stocks/
Religious faith of a form of mental illness. Some forms are “worse” than others.
It would seem far more helpful to call them all out as BS than to say “Mine is OK but not yours”.
Atheism is also faith.
No it is not, shrimp. It’s the lack of believing in superstitious nonsense, mysticism, and rituals. There are organized atheist groups, for people who are still group think. But, I would not call atheism a religion. We can agree to disagree (so help me god) LOL
Athiests are the most grimly dogmatic people of all, not to mention being bores.
Mix some MJ edibles with Vicodin and pinot noir and Sky Wizard(s) will talk to you…
Atheism is faith that you know the answer is no. At best you can only know the answer is probably no. Agnostics are the true rationals. And modern atheism is usually a mix of daddy issues and narcisism.
People rarely “know” anything. All is opinion.
(Except, of course, that 95% of the electorate are stupid. That is a verifiable fact.)
“The universe is either a confusion, a mutual involution of things and a dispersion; or it is unity and order and providence. If then it is the former, why do I desire to tarry in a fortuitous combination of things and such a disorder? And why do I care about anything else than how I shall at last become earth? And why am I disturbed, for the dispersion of my elements will happen whatever I do. But if the other supposition is true, I venerate, and I am firm, and I trust in Him who governs.”
– Meditations, Marcus Aurelius
Shrimp is correct, atheism is a faith. To prove God does not exist, a person must either travel the entire universe or have infinite knowledge of the universe; since no human can do this and factually prove God does not exist, it takes just as much faith to deny God as it does to believe in one.
+1
Atheism is a faith? Is that like not playing golf is a hobby?
I thought golf was a religion.
Sure it is. It takes a lot more faith to believe that everything created is one big cosmic accident than to believe that there was a designer behind all of the intricate designs inherent in living things that we are still learning more about every day.
Sure it is. It takes a lot more faith to believe that everything created is one big cosmic accident than to believe that there was a designer behind all of the intricate designs inherent in living things that we are still learning more about every day.
There’s a difference between “belief” and accepting the current working theory provided by science which has been reviewed and vetted by the community.
redmondjp
That is a very good point. The intelligent design
author Hugh Ross is a neighbor of mine. He always mentions
the complexity of the simplist creatures. Darwin had no idea
what he was saying because even the tiniest, simple creatures
are very complex and could never have fallen together by accident.
The biggest problem with “intelligent design” is the fossil record…how do those promoting “intelligent design” explain away the historical fossil record?
IIRC from my years of study, there was a billion years (or more?) between seeing single-celled organisms and the first emergence of multicellular organisms in the fossil record.
A billion years is a long time when single-celled organisms like bacteria multiply in 20 minutes.
That leads to literally trillions of chances for evolution to occur when you think about the number of generations of single-celled organisms and the numbers of those organisms out there.
Trillions is a big number.
And if you really think that intelligent design is correct, and random chance had no part in it, you need to look at the body types of some of the first multicellular creatures of the Burgess Shale (the dotcom boom/bust of evolutionary biology).
If intelligent design was behind some of these creatures, it was a pretty friggin’ stupid designer–and he corrected his ways quickly, since he/she/it wiped out all the crazy body-types pretty quickly, which is why it must have taken the designer a billion years to go from single-celled to multi-cellular organisms.
It would seem far more helpful to call them all out as BS than to say “Mine is OK but not yours”.
It would be better to just talk about religion less. It would cut down on the conflicts.
More Bad-News-is-Good-News this morning in our surreal fake markets.
http://investmentresearchdynamics.com/the-entire-system-is-fake/
And as if to prove your point, Ray K, here’s the Amazing Zandi with his “everything is awesome” BS cheerleading.
Longtime posters will remember Mark Zandi, the lying sack of stuff “economist” who cheerled the bubble while at Wachovia. Figures he would end up at Moody’s.
“Mark Zandi, chief economist of Moody’s Analytics, said, “The U.S. job machine continues to produce jobs at a strong and consistent pace. Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month. At this pace full employment is fast approaching.”
http://www.zerohedge.com/news/2015-09-30/adp-job-growth-steady-near-20-month-lows-manufacturing-slides
He makes how much per year? A half a million, a million? More?
He’s doing alright. Who is the fool?
Zandi and all Establishment “economists” are paid shills and pom-pom wavers for our Obama-Fed-Goldman Sachs “recovery.”
Insert joke about Hope, Change, and “Yes we can!” here.
One of the most infamous permabulls and touts, CNBC’s Jim Cramer, aka Jo Jo the Clown, will no longer respond to Twitter questions about stocks due to being trolled/flamed by people calling him out on his shilling. LMAO! One small victory against the Borg….
http://www.zerohedge.com/news/2015-09-30/jim-cramer-will-no-longer-respond-twitter-trolls
With 95% of the US electorate giving their explicit sanction to crony capitalism in 2008 and 2012, not surprisingly, the super-rich are getting richer and everyone else is getting poorer. Bend over and grab your ankles, Obama Zombies, McCain Mutants, and Romney Retards.
http://www.dailymail.co.uk/news/article-3253673/The-rich-richer-Forbes-list-400-wealthiest-Americans-reveals-Jeff-Bezos-16BILLION-single-year-Mark-Zuckerberg-broke-ten-time.html
… and the uninformed starry-eyed voters will double-down on enriching the crony capitalists when they vote for Trump.
Some of us are quite clear-eyed about Trump and our misgivings about him. But look at the alternatives, who are known whores of the Oligopoly. There’s at least a chance that Trump will recognize he has a shot at true greatness, and will rise to it.
Or he might end up being a mega-douche and flim-flam man like some of the other recent occupants of the White House.
The _only_ candidate who is truly outside of the oligarchy is Bernie Sanders. The relative lack of media attention to Sanders tells you that the media is in the back pocket of the oligarchy (to be expected, they own the major media outlets…)
Bernie Sanders had it in his power, as a sitting senator, to take on those same oligarchs and their chief instrument of plunder, the Federal Reserve. Did he? Um, no…same with Fauxahontus. They talk a good game, but their inaction tells all.
I was thinking the same thing
The press coverage of Sanders has evaporated.
Despite the fact that he ahead of Clinton in early voting states. Despite the fact that he was drawing crowds of 20,000 when others were unable to pack rooms with their own stooges.
Wasn’t the MSM trying to bury Trump though? Normally when I see headlines it’s something kind of negative (But it makes me laugh a bit.)
My issue is… never trust real estate people?
Trump is good for ratings. I would think that the MSM would want to keep him around for a while.
Bernie Sanders had it in his power, as a sitting senator, to take on those same oligarchs
For your education sir: Sanders voted NO on the bank bailouts, voted NO on NAFTA, voted NO on the Iraq war authorization
Sanders has best anti-oligarch voting record in Washington
Don’t get me wrong. I like & respect Sanders and am glad he’s running as an alternative to Horrendous Hillary. If the race comes down to him or Trump, I’d be conflicted, as both have their merits and both have their drawbacks. Watching Sanders get owned by two BLM ratchets who jacked his microphone and left him meekly protesting and gesturing impotently was instructive, though - we need a leader with balls, given the current state of the world, and a mild-mannered socialist may not cut it. Also, at the heart of socialism is the forcible confiscation from the productive to give to the parasites. Ain’t no way to sugar-coat that.
Yup. Myself, I’m waiting for the inevitable blue-pill commercials featuring “low-energy” Jeb.
Remember when Bob Dole did those commercials!
Jeb will shill for reverse-mortgages or some similar financial scam.
Bush and Rubio competing for the favor of their Wall Street pimps. Any time two hoes are working the same street corner a catfight is bound to erupt.
http://www.politico.com/story/2015/09/jeb-bush-marco-rubio-wall-street-2016-214231
Russia carries out an aerial blitz in Syria. Better they get sucked into that quagmire than us.
http://www.independent.co.uk/news/world/middle-east/russia-launches-first-airstrikes-in-syria-us-says-as-non-isis-rebels-claim-they-are-being-targeted-a6673621.html
Exactly. Now is a great opportunity for the U.S. government to slither away and cut this wasteful spending. And return our liberties. Get rid of TSA too.
Lots Of Candidates Want To Simplify Tax Code; Here’s What They Get Wrong
There’s something almost Name That Tune-ish about the way the GOP candidates are talking about tax brackets these days. Currently, there are seven. Donald Trump wants four. Jeb Bush says he can get them down to three. Chris Christie and Marco Rubio want two. Ben Carson does them one better — one 10 percent rate, inspired by the Bible.
They’re not alone — President Obama has advocated fewer brackets as well.
Why do this? One of the most common reasons they give is that it would make the tax code “simpler.”
As Rubio’s tax plan puts it: “The tax code is in desperate need of simplification, and bracket consolidation is an important first step.”
He’s right on the first part: The Internal Revenue Code is impenetrably, unfathomably complicated.
But here’s the reality: Cutting brackets won’t really help that much.
“It’s a very mild form of simplification,” said William Gale, co-director of the Urban-Brookings Tax Policy Center at the Brookings Institution, a left-leaning Washington think tank. “The real complication in the system is in the tax base, not in the rate structure. Figuring out how you calculate capital gains or figuring out whether you’re eligible for the [earned income tax credit for lower-income Americans], given the child rules — once you’ve got that, then you just plug in the rates.”
Think about your own taxes — it can be complicated to figure out how much you owe when you have things like investment income, wages from self-employment or lots of deductions. But once you fill in the boxes and subtract all that out, figuring out your rate is easy (and if you’re using a program like TurboTax, the computer does it for you).
Cutting taxes as a whole tends to be the real goal behind rate-cutting, said Ed Kleinbard, professor of law and business at the University of Southern California. After all, no one ever tries to simplify tax brackets upward.
“The number of brackets has an almost imperceptible effect on the complexity of tax law as it is lived by the individual taxpayer,” Kleinbard said. “Taxpayers are not, left to their own devices, engaged in high-level mathematics.”
http://www.npr.org/sections/itsallpolitics/2015/09/28/443203910/lots-of-candidates-want-to-simplify-the-tax-code-heres-what-they-get-wrong
Awake before the 10 am Dole bell rings and posting NPR trash already. Thanks MightySimple.
shrimp
Not all NPR is worthless. I really enjoy the salt (food) and the shots (medical) blogs. Granted, some of their agendas are disturbing.
“figuring out your rate is easy”
You don’t need your tax rate. The IRS already figured it out for you in the 1040 booklet. Look up your income after all the deductions, write down number that you owe. It’s the deductions that are bought and paid for.
And for perspective, NONE of it is “high-level” mathematics. It’s 8th grade arithmetic at best. Mathematics has few actual numbers in it.
Reducing the number of brackets is a farce. The article is right, the complexity lies not in the rate of tax, but in determining what is taxable income.
Exactly. And the tax system is rigged against the Little Guy. Wages from your own labor as an employee are taxed at the highest rates while the uber-wealthy with their stock options, cap gains, dividends, etc. are all taxed at lower rates. If you want to simplify the tax code, tax income at the same rates regardless of source.
Stock options are not taxed at lower rates except in very particular circumstances.
And cap gains doesn’t seem as good when you consider that you are taxed on nominal gains on your capital investment (not real gains).
I agree with the overall point though. All income should be treated the same–but I think we need to reconsider how basis in a capital investment is considered when calculating the “gain” from an investment.
My simple example…if you invested $100 in 1950, and now it’s worth $200, did you actually make any money? The IRS would say so. I would say not.
My simple example…if you invested $100 in 1950, and now it’s worth $20,000. now is it money?
Sure, but your taxable gain shouldn’t be $19,900.
It should be more like $19,000 ($100 in 1950 dollars is about $1,000 in today’s dollars).
The article is right, the complexity lies not in the rate of tax, but in determining what is taxable income.
Precisely.
Try figuring out alternative minimum tax.
The bottom line is everything that is done is done to hit the upper middle to top 1%.
They are a shrinking group that has not organized to lobby the gov and they are the only pool of money that can be taxed without causing riots.
Why are white liberals in places like Madison Wisconsin and Dumbo N.Y. so racist?
“Diversity for thee, but not for me”
Is it better to be an outright racist, or someone who tries to overcome their own racism but sometimes fails?
Is fiscal reality finally catching up with our centrally-planned economy?
http://wolfstreet.com/2015/09/29/tell-tale-signs-of-bear-market-in-stocks/
Is this the beginning of far more unrest in China?
http://www.zerohedge.com/news/2015-09-30/start-chinas-unrest-southern-china-city-rocked-massive-bomb-explosions-3-dead
I’m sure it was just an unfortunate gas leak, China only has happy people, the media tell me that and they’d never lie.
…. and I thought we’d have a calm donkey herd today.
CraterRage Photo Of The Day
http://goo.gl/sbytZT
Yeah, this is sustainable indefinitely….
http://www.marketwatch.com/story/horrific-london-rents-in-1-map-2015-09-30?link=MW_home_latest_news
Is Hillary Clinton paying a price, finally, for screwing over American workers with her support for globalist neoliberalism? While the thugs who run the Teamsters would no doubt like to support the entrenched crony capitalist status quo, they would probably face a revolt from their own workers who continue to lose ground in our Obama-Fed-Goldman Sachs “recovery.”
http://www.zerohedge.com/news/2015-09-30/end-hillary-teamsters-snub-clinton-meet-trump
Fiorina and the Repubs are being found out to be huge liars about the whole PP abortion video thing. “‘This wasn’t an abortion’: CNN forces anti-Planned Parenthood group to admit Fiorina was wrong” (link). Looks like the evangelicals are being played for campaign money — rallying the base, as Goon would say.
It’s campaign season. Time to rile up your useful idiots.
http://www.telegraph.co.uk/finance/jobs/11901627/Employees-of-the-rich-and-famous-What-its-really-like-to-work-for-the-super-wealthy.html
HMA v BARRY HUGHES
At Glasgow Sheriff Court Sheriff Mackenzie sentenced Barry Hughes to a total of three years and seven months imprisonment after he pled guilty to fraud.
On sentencing Sheriff Mackenzie made the following statement in court:
“You have tendered pleas of guilty to two charges of common law fraud involving making dishonest and false representations about your wife’s earnings and thereby securing two separate mortgage loans, at different times, for sums totalling £1,287,955
http://www.scotland-judiciary.org.uk/8/1241/HMA-v-BARRY-HUGHES
I ran across this case while trawling the net. He received a sentence of three years and seven months for lying about his wife’s earnings to obtain mortgages. If they intend to pursue this policy with rigour I fear Scotland and the UK in general will need much bigger jails. In fact I’d go as far as to say you might as well build a wall round London and rename it HMP ( Her Majesty Prison ) London.
So….
Monday’s tally was 15 shot in 15 hours (didn’t catch how many died - I think it was 6) and mayor rummy comes out and just clammers on about guns and lack of values - yadda yadda yadda. This meme is so utterly worn out it is not worth reporting on anymore as witnessed by the media of late.
Best thing to do is put on your boots and see these places first hand.
Deal is many nabes in the City of Chicago have had multi-generational family destruction brought on by policy (yep - both red and blue) leaving nothing but death and destruction in its wake - The nabes are just war zones. Falling apart - pot holes, diamond mesh on the stores, graffiti everywhere and on and on. It is in some blocks hell on earth.
Buddy of mine lives down near Marquette park - a place where drive by’s are common. A place where little kids play alot. The value on life in some of these nabes is just non-existent. Folks who can relo - do so to just get away from the violence.
Mind you - mayor rummy lives in a very nice Chicago nabe - Ravenswood - 24 hr guard - kids go to best private schools. And the folks here really haven’t tied these divergent realities together.
Take a drive through the west side of Chicago - go right up the gut on Grand Avenue all the way to Elmwood Park and you will see nothing short of a war zone - predominantly Latino gangs with blacks still holding on to certain locales. I have a buddy who has a son who is a Chicago cop and the stories he is told that he relays to me are just jaw dropping. Too many to tell here - one that sticks out in my mind is many nabes in the City have these sound detection devices that are linked back to the OCC in downtown Chicago and apparently the ops there can tell the difference between thugs shooting in the air just to blow of steam and shots that have bad intent behind ‘em. Cops don’t respond to many of the shots in the air. Rocks hurled out of the air - pot shots taken at squads on patrol - My buddy’s son - Iraq vet - says there are times when he felt safer in Iraq. And folks wonder why Chicago is now derisively called Chiraq!!
Meanwhile in the last 24 hours in the utopia called Chicago…..
1 killed, 3 wounded in shootings in Chicago since Tuesday
A man was killed and three other men were wounded in shootings on the South and Southwest sides Tuesday afternoon and evening, police said.In the fatal shooting, a 29-year-old man was hit by gunfire around 3:55 p.m. in the 7200 block of South Exchange Avenue in the South Shore neighborhood, police…
Have a nice day.
All pillars of the community, from the looks of things.
So there’s a lot of violent crime in Chicago. Why do you feel the need to repeat this several times a week?
Because Mikey - it goes unreported most of the time.
My question to you is regardless of color or economic condition do you value the lives of human beings?
I am a conservative living in this utopia of liberalism and find it utterly repugnant that this crap keeps going on and on.
That is why I continue to post this stuff.
By the way Mikey I have a right to express my opinions even if you don’t like it.
Grow up!!
Mikey, being a mentally circumscribed lib-tard, has an instinctive aversion to facts that don’t fit into his ivory tower conception of things. Thus he’d rather not have to deal with rude intrusions of reality that threaten to puncture his soap-bubble visions of a politically correct la-la land.
That’s a good one, Ray. You spend hours every day filling your head up with hateful nonsense and then have the nerve to call everyone some kind of tard.
Not everyone, just those that legitimately warrant being called ‘tards. Granted, it’s a big group, and you’re in it.
Your remarks don’t even make any sense. Nor are they relevant to what I wrote. I have no “ivory tower conception” of what the rate of violent crime is in Chicago. My question is not why these r j stated these statistics, but why he feels it is useful to state the same information every two or three days.
Because Mikey - it goes unreported most of the time.
It can’t possibly be going unreported. You must getting your crime statistics from the web site of one of the Chicago newspaper or TV stations, the people derisively referred to as real journalists by some.
The news is that the rate of violent crime in Chicago. It’s a fact that we all know, thanks to you. No real new news is shared with the community here be repeating the gruesome statistics every two or three days.
I think that your true attitude must be the opposite of what you claim. You derive satisfaction from reading such miserable stories. You’d actually be disappointed if the police were able to significantly reduce the murder rate in Chicago.
Agree with MM. Instead of whining about Ill-annoy rj chicago oughta man up and MOVE.
I think that he said that he lives in the suburbs. So he doesn’t probably experience these high crime neighborhoods any more than a Fox News fan who lives a thousand miles away and rants and raves about Chicago.
rj chicago - it is your choice to live there. your life to be among the gangsters.
I would not live there.
There’s worse than that. There’s the impoverished, illegal alien welfare hole better known as Californica.
Genuine question, why are so many of the links on here from the UK? Now obviously as I’m from there, I’m likely to use UK links, but I see numerous posters linking to the Telegraph, The Guardian, BBC and even the Daily Mail, why is this?
Because American journalism has become lazy. Investigative journalism is pretty much dead. Media outlets are afraid of backlash of they tell a hard-hitting story. UK media can be much more forthright with stories about the US as they are too far removed to be affected by backlash.
Yup, American “news” websites are more likely to have an article about “20 things you don’t know about your dog” or “celebrity news” than actual news.
You do have to admit that the UK papers do have quite the same fascination with US celebrities, however.
Having lived in the UK, I tend to find the UK media far more credible (and less dumbed-down) than US media outlets, most of which are blatant mouthpieces for the Oligopoly. UK reporters have fewer qualms about speaking truth to power, and are less constrained by their editors. That said, they are still owned by the Oligopoly, so there is limits to how much truthiness you can expect from them.
To paraphrase Sinclair, it’s easy to for a man to not believe something if his salary doesn’t depend on believing it.
In other words, UK media isn’t selling ads to American realtors. Therefore, they can trash American real estate all they like.
Ah but Dear Oxide they are selling adverts to UK Estate agents, so there is only so much they can say. To be fair though they do occasionally trash the UK housing market as well, perhaps they are better; but I fear that is damming them with faint praise.
Likewise, you’ll get more accurate news about UK real estate in American papers.
It’s always easier to be honest about others than honest about yourself.
Economic Optimism: “Prices are falling again in Europe”
http://money.cnn.com/2015/09/30/news/economy/economy-europe-deflation/
Alex Lomax, 23, (right) attended the flat viewing in Clapham, south west London, but couldn’t believe it when she was faced with no more than a single mattress on the floor of a cloakroom (left and centre). It had been advertised as a single furnished room in a house share, which comes with a ‘bed’, for £500 a month - although that doesn’t include the £60 per month on bills. The advert reads: ‘We are looking for a friendly, open-minded and outgoing person to join our houseshare in a great period house in Clapham. We’re a good bunch and like to chill out a lot together - not really looking for somebody that just wants to stay in their room.’
http://www.dailymail.co.uk/news/article-3254727/A-bed-stairs-500-month-Woman-shocked-tiny-London-flat-share-advert-DOES-say-s-not-just-stay-room.html
“We impoverished some folks.”
http://www.zerohedge.com/news/2015-09-30/obamanomics-food-stamp-growth-outpaces-jobs-illinois-during-recovery
http://www.businessinsider.com/mexican-born-construction-workers-us-declining-2015-9
Here’s the major trend exacerbating labor shortages in the American homebuilding business
One huge part of the US economy that’s been experiencing major labor shortages is the construction sector.
From carpenters to masons to painters to roofers, builders just can’t seem to find enough people for open jobs.
Chris Porter at John Burns Real Estate Consulting believes that much of this can be explained by changes in immigration, particularly with Mexico.
Porter identified five factors: 1) significantly higher border patrol investments; 2) acceleration in court-ordered deportations over the last 7 years; 3) implementation of E-Verify technology by employers; 4) Arizona’s SB 1070 bill passing in 2010; and 5) economic opportunity in Mexico.
According to Census data cited by Porter, Mexican immigration has dropped by 67% since 2006.
“Today, the U.S. has 570,000 fewer construction workers born in Mexico than at the peak in 2007,” Porter said.
All of this means higher construction costs for builders as they compete for a smaller, potentially more expensive pool of qualified workers. This ultimately could lead to higher home prices as well as costs rise.
http://static5.businessinsider.com/image/5602ca7decad048c217c7c94-1200-900/cotd-mexican-born-construction-workers.png
SEE ALSO: Changes in US immigration are creating a construction cost nightmare
So they are admitting less immigration = higher wages.
Throws another argument of the pro-illegal crowd on the trash heap.
Exactly. Round’em up, ship’em out.
pro-illegal crowd
What does this mean? I haven’t anyone who openly encourages more illegal immigration. The whole argument is over stopping the flow and amnesty for those who are here. Nobody is suggesting we oughta send buses down there.
Oh come on now - give me a break! Most of today’s politicians openly encourage it, every time that they open their mouth.
Amnesty is just a code word for come on over, we’ll make you legal later . . .
Jeff Bezos: the embodiment of crony capitalism and Fed-promoted malinvestment and Ponzi markets.
http://investmentresearchdynamics.com/jeff-bezos-is-the-poster-child-for-u-s-systemic-ponzi-scheme/
Yeah but the stuff I order comes fast and saves me a drive across town to get it. God bless Amazon.
A Clinton campaign worker caught breaking the law in registering Latinos, but rest assured, Oligopoly minions can break laws with impunity.
http://www.dailymail.co.uk/news/article-3255037/Undercover-video-Clinton-campaign-worker-caught-breaking-election-law-registering-Nevada-Hispanics-meme-photo-Trump-reads-RESTING-B-CH-FACE.html
Who’s to say the guy isn’t a plant?
“Building a wall” along our southern border is a simplistic “solution” that would be ruinously costly and doomed to failure. No wall is a match for human ingenuity in circumventing obstacles to getting to the Promised Land of votes-for-benefits.
http://www.marketwatch.com/story/millions-of-illegal-immigrants-will-overrun-trumps-beautiful-wall-2015-09-30?link=MW_latest_news
Anyone who believes Trump is a moron. The wall? or go get Iraqi oil. LOL! All while cutting taxes??
When do get less gov and less spending?
When it all comes crashing down.
gov will be the only ones able to spend at that point
weird that some people want Armageddon. you must be bored.
You must be retarded to think I want Armageddon. It’s more like I can do basic artithmetic and the math doesn’t lie - we’re headed toward a national bankruptcy. Once the SNAP and EBT cards get reduced or shut off, some of the beneficiaries may not react well.
If you do not support “inclusion” with your tax dollars, Comrades Pelosi and Soros may be forced to add you to their list of obstinate reactionaries to be sent to re-education camps once our glorious Soviet, er, permanent Democrat supermajority becomes a reality.
http://www3.blogs.rollcall.com/218/congressman-expand-obamacare-to-undocumented/
Rep Luis V. Gutiérrez, one of Congress’ most outspoken advocates for immigrants, on Wednesday called for expanding the Affordable Care Act to cover all of the estimated 11 million undocumented migrants in the United States.
“The goal is to make integration and inclusion real for millions of families that are locked out under current law,” the Illinois Democrat said in a floor speech introducing his proposed legislation. “As it stands right now, undocumented immigrants are not subject to the individual mandate and cannot buy into health insurance exchanges even if they use their own money. My legislation will change that. It says that we stand for inclusion.”
Once Comrade Pelosi has secured her permanent Democrat supermajority and packed off all the nonconformist free-thinkers like Goon and Selfish Hoarder to the re-education camps, we shall have our own Songbun caste systems, with cadres WPA and MightyMike leading our daily propaganda chants and Two Minutes of Hate sessions, while carefully noting the names of those whose zeal seems feigned.
http://i100.independent.co.uk/article/a-look-inside-the-crazy-fivetier-caste-system-of-kim-jonguns-north-korea–WkZOU3aywl
Before they pack me off, they will have to dodge lots of lead.
Is oil set to make its predicted 4th quarter race up to $80/bbl by December 2015?
Marketwatch dot com
Futures Movers Get email alerts
Oil suffers a loss of 24% for the quarter
Published: Sept 30, 2015 3:28 p.m. ET
EIA reports rise in U.S. crude stockpiles, fall in production
By Myra P. Saefong, Markets/commodities reporter, & Jenny W. Hsu
Oil futures tallied a loss of 24% for the third quarter, after ending Wednesday lower on the back of a report revealing the first U.S. crude-supply increase in three weeks.
The report also showed a modest decline in domestic production, helping prices limit losses for the session.
November West Texas Intermediate crude settled at $45.09 a barrel, down 14 cents, or 0.3%, on the New York Mercantile Exchange, trading between a high of $45.85 and a low of $44.68, according to FactSet data.
WTI prices, based the front-month contracts, lost 8.4% for the month and were 24% lower for the quarter. Year to date, they’re down by more than 15%.
November Brent crude on London’s ICE Futures exchange tacked on 14 cents, or 0.3%, to $48.37 a barrel. Year to date, prices have fallen more than 15%.
…
We are following in Rome’s footsteps as an empire in decline, as moral decay, citizen complacency, and a venal aristocracy have replaced our earlier republican (small R) values and virtues.
http://charleshughsmith.blogspot.com/2015/09/following-in-ancient-romes-footsteps.html
Only 300 yrs to go… America is very strong. We will have at least a 500 yr run.
why cry? You wont be here. Take up golf, get a girlfriend.
How come the culture and monarchy of Great Britain exist still?
I don’t fear any collapse of the NWO, also known as the American Empire. Allow Russia and China to be the target of world hatred as they meddle in other nations.
A good DT article on Russian military operations in Syria.
http://www.telegraph.co.uk/news/worldnews/middleeast/syria/11902275/Russian-general-tells-US-diplomats-We-launch-Syria-air-strikes-in-one-hour.-Stay-out-of-the-way.html
Fauxahontus is threatening to rain all over the cozy arrangements between HUD and Wall Street buyers of foreclosed houses.
http://america.aljazeera.com/articles/2015/9/30/warren-protests-hud-sales-mortgages-to-wall-street.html
I am shocked, shocked! at the notion that anyone at the Fed would leak privileged information to their insider trading accomplices on Wall Street. This simply beggars belief…
(Spoiler alert: no wrongdoing will be uncovered and no one will be held accountable.)
http://www.marketwatch.com/story/questions-about-leak-at-federal-reserve-escalate-to-insider-trading-probe-2015-09-30-181031736?link=MW_latest_news
Rep. Gutiérrez Introduces Bill to Open ObamaCare to Illegal Immigrants
“A bill to give people complete access to the Affordable Care Act regardless of their immigration status”
by Caroline May | Breitbart | September 30, 2015
Rep. Luis Gutiérrez (D-IL) says illegal immigrants should not be barred from Obamacare.
Gutiérrez says access to Obamacare is a moral imperative for all, regardless of legal status. He’s introduced legislation that would expand access to President Obama’s signature healthcare law to illegal immigrants.
Speaking on the House Floor, Gutiérrez recalled Pope Francis’ address to Congress, saying the pontiff inspired him and other Members to remember the Golden Rule — “Do unto others as you would have them do unto you.”
“That is why I am introducing the Exchange Inclusion for a Healthy America Act of 2015, a bill to give people complete access to the Affordable Care Act regardless of their immigration status,” Illinois Democrat said.
Must be a Democrat. If he were a Republican, he would claim Obamacare is ALREADY open to illegal immigrants.
“You lie!”
Free emergency room visits, hospital stays and surgery are the only things available to illegal immigrants.
Well Whiskey Tango Foxtrot, my rent in Orange County is going up 9.2%. I anticipated a 4% increase. Note in an envelope taped on my door when I got home.
I suppose the families they have on Section 8 don’t have to worry about this thing happening. There are a few at this complex I’m sure. Unfair. Unfair.
My final trip to Phoenix for moving out the rest of my stuff. I have to be out of the Phoenix apartment by October 7. Thank goodness I am cutting out that place. Keeping it and my OC place would be $2600 per month. With my new rent in two months it will be $1475 per month. That’s a savings of over 40%.
I predict rents will go down within 2 years in California at least.
Inconceivable! The Fed assures us that inflation is well below 2%.
Well my payroll deposit yesterday had a notable increase. I figured I did not max my social security taxes yet. Nor did I post any overtime charge at work. I don’t think it’s a payroll mistake but it would be a cruel joke. Will have to wait for my pay statement and my next pay deposit.
I am not a believer in wage inflation until I see it happening for sure to me.
Mine went up 350.00 a month last year in oceanside. At least I can’t hear my neighbors slamming doors and stuff!
Rent price increases tend to drive off riff raff who make too much money to qualify for Section 8. Riff Raff on Section 8 couldn’t care less.
I spend more time reading the comments to Tyler Durden’s (and his guests) posts on ZH.
More and more people are calling BS on “gold bug” writers’ warnings you should have your gold outside the USA. The comments at the bottom of the link http://www.zerohedge.com/news/2015-09-30/its-time-get-your-gold-out-us
…have a lot of wisdom. More than Tyler’s in this case.
First, if SHTF in the USA, citizens of other nations will be far worse off. They have far less of a legacy supportive of individual liberty than the USA. They can go Stalin in a New York minute.
Second, most other countries have strict laws against guns, so no one will be able to guard the vaults where your gold is.
Third, while you are in the USA your gold is maybe 10,000 miles away. Are you sure it’s safer 10,000 miles away where you will seldom visit?
Then, gold is not commonly owned in America because we were off the gold standard for about 80 years. The low hanging fruit is the electronic accounts of the 401ks, IRAs, stock brokerages which the IRS has all the account information on, based on 1099s and the equivalent for tax deferred plans. The U.S. government can grab whatever percent of your retirement account they see fit. And it accounts for far more than the total amount of precious metals owned in the USA.
I keep laughing at these supposed “gold bugs” who just keep repeating what other “gold bug” writers say yet do not even say why they think you need to store your metals outside the USA. They know they do not know why. They just repeat what the other “gold bug” writers say.
The “gold bug” writers are no different from the parrots who say “we need a government because there will be chaos and violence without a government.” - Even though governments killed 262 million people in the previous century, and one of those governments responsible for killing tens of millions of people is the U.S. government.