Bits Bucket for December 2, 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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Is oil still falling in place towards $40 / bbl?
Business
Wed Dec 2, 2015 | 1:34 AM EST
Oil prices fall on rising U.S. stockpiles, weak China outlook
Plants are pictured near an oil pump, owned by oil company Rosneft, in the settlement of Akhtyrskaya in Krasnodar region, southern Russia, December 21, 2014.
REUTERS/Eduard Korniyenko
By Swetha Gopinath
SINGAPORE (Reuters) - Oil prices fell on Wednesday as an unexpected rise in inventories pulled down U.S. crude contracts, while Brent was weighed down by China’s bleak economic outlook and a widespread expectation that OPEC will maintain high production.
U.S. crude was trading down 22 cents at $41.63 per barrel at 0628 GMT (0128 ET), more than 10 percent below the start of November.
Internationally traded Brent was 15 cents lower at $44.29 a barrel.
“The market is a little bit skittish ahead of the OPEC meeting, it is going to be very range-bound between now and Friday,” said Ben Le Brun, market analyst at Sydney’s OptionsXpress.
Oil production exceeds demand by 0.5-2 million barrels per day. The glut has seen prices tumble over 60 percent since June 2014, but OPEC is not expected to budge from its stance of keeping output high to defend market share against producers such as Russia and North America.
“Similar to consensus, we see no material change in policy from the Dec 4 meeting,” Morgan Stanley said.
“Saudi Arabia is… unlikely to support a cut. The strategy appears to be working and cutting at this point may be futile or send a negative signal politically. Also, their financial position does not suggest any urgency,” it added.
…
3 faces of inflation:
asset
demand
currency
TPTB are notorious for crashing a market, buying up the assets for pennies on the dollar, and then dusting off the assets at a premium when the market creeps up again.
It’s well known that they aren’t “making” any more oil. Sooner or later, those frackables will be needed again. So, someone must be placing dibs to snap up those fracker production assets when they go on auction for pennies on the dollar at the inevitable bankruptcy fire sales. Who? Someone needs to follow the money.
Donk,
New oil is formed every day. I don’t think you need to worry about running out of oil any time in the next few thousand years.
The Saudis and the Bush Family disagree. http://www.opec.org/opec_web/en/data_graphs/330.htm
Geology my friend…. geology.
Oil needs to be more expensive.
Always falling, never landing…
10-year swaps are below 10-year Treasuries. Is that an inverted yield curve marker? An inverted yield curve predicted 9 of the last 10 recessions. It is hard to argue with a 900 batting average!
without the 9 trillion added to the tab we really never got out of the last recession.
The Bezier building stands right in the middle of London’s Old Street area, one of the most expensive and fashionable parts of the UK. Flats inside the apartment block can cost more than £1m and monthly rents of £2,000 are easily achievable.
But more than five years after its completion the Bezier, shaped like two sails full of wind - seemingly a metaphor for the area’s forward-thinking economic confidence - is almost half-empty.
Islington Council complains that, as of this July, 42% of the building’s units still had no registered voters living in them. The authority blames a phenomenon known as “buy-to-leave”, where rich investors, often from abroad, purchase property and leave it empty, not bothering to collect rent money while adding to the nation’s housing shortage.
Despite widespread anxiety about a shortage of housing supply, there are 610,123 empty homes in England, according to the government. Of these, 205,821 have been unoccupied for six months or more, the official definition of “long-term” emptiness.
In September last year, Scotland had 31,884 long-term empty properties. In Wales, 23,171 were empty for six months of more during 2014-15, the Welsh Government says.
http://www.bbc.co.uk/news/magazine-34930602
The authority blames a phenomenon known as “buy-to-leave”, where rich investors, often from abroad, purchase property and leave it empty, not bothering to collect rent money while adding to the nation’s housing shortage.
I really doubt that Diggory Six Pint was ever in the market for a £1m flat.
‘I really doubt that Diggory Six Pint was ever in the market for a £1m flat.’
lol
Welcome to globalism, where free countries with decent infrastructure become playgrounds for the corrupt rich, and their own home countries provide slave labor for the other corrupt rich.
Trump
leading in the polls today.
http://thehill.com/blogs/ballot-box/presidential-races/261735-trump-leads-carson-fades-in-new-national-poll
“Big darkness, soon come.” — Hunter S. Thompson
y r voting for hilery anyway
wish it was rand vs webb
folks may have learned something
It is funny to listen to the “Holding Our Nose For Hillary” crowd get all bent out of shape about what the rest of us are thinking. The good thing about elections is it forces some issues to the top:
‘Ted Cruz on Monday offered his strongest denunciation so far of Marco Rubio’s foreign policy views, assailing his Republican presidential rival as a proponent of “military adventurism” that he said has benefited Islamic militant groups. He even tied the Floridian to Democratic front-runner Hillary Clinton.’
“Senator Rubio emphatically supported Hillary Clinton in toppling [Muammar] Qaddafi in Libya. I think that made no sense,” Cruz told Bloomberg Politics in a wide-ranging and exclusive interview during a campaign swing through Iowa. He argued that the 2011 bombings that toppled the Libyan leader didn’t help the fight against terrorists. “Qaddafi was a bad man, he had a horrible human rights record. And yet … he had become a significant ally in fighting radical Islamic terrorism.”
“If you look at President Barack Obama and Hillary Clinton and for that matter some of the more aggressive Washington neo-cons, they have consistently mis-perceived the threat of radical Islamic terrorism and have advocated military adventurism that has had the effect of benefiting radical Islamic terrorists,” he said.’
‘On Syria, Cruz inveighed against Rubio and Clinton, Obama’s former secretary of state, for supporting a no-fly zone and arming “the so-called moderate rebels.” “I think none of that makes any sense. In my view, we have no dog in the fight of the Syrian civil war,” he said, arguing that Rubio and Clinton “are repeating the very same mistakes they made in Libya. They’ve demonstrated they’ve learned nothing.”
“The enemy of my enemy is not necessarily my friend,” Cruz said. “If the Obama administration and the Washington neo-cons succeed in toppling [Bashar al-] Assad, Syria will be handed over to radical Islamic terrorists. ISIS will rule Syria.”
‘In the wake of the Paris terrorist attacks, Rubio and his allies have aggressively attacked Cruz as having weakened U.S. efforts to fight terrorism by voting for the USA Freedom Act, which stopped the government from engaging in mass collection of Americans’ phone records. (The law passed the Republican-controlled Congress with super-majorities in June.) Cruz dismisses that attack as a distraction from the debate about Rubio’s work with Democrats to pass immigration reform in 2013. A running joke in Cruz’s stump speech is to tell attendees to keep their cellphones on, “because I want President Obama to hear every word we say.”
This was a good line:
‘these crazy neo-con invade-every-country-on-earth and send our kids to die in the Middle East’
At least we’ve progressed a bit from the “if you say neocon you are attacking Jews” crap.
Ben Jones, I loved all the posts about Friend Of Bill the pedophile Jeffrey Epstein, that needs to be publicized any time Hillary is depicted as an advocate for women.
Hillaryous can’t win the nomination.
I don’t think anybody actually wants Hillary. Given the competition, she just looks inevitable.
Cruz: Qaddafi was a bad man, he had a horrible human rights record. And yet … he had become a significant ally in fighting radical Islamic terrorism.”
Where was Cruz 14 years ago when Bush falsified the case to invade Iraq to take out Saddam? It’s easy to look in the rear view mirror with 20/20 hindsight and say it’s better to leave dictators in power or else worse radicals might step in afterwards. Leave it to Cruz to state the obvious while patting himself on the back for being such a genius.
BOOTS
bama sending 200 more to syria
if we kept 5000 in Iraq w A10’s and F16 ISIS would never left home
Well, just put that on your credit card, and we’re good to go.
Hate to burst your Trump bubble, but check out the Iowa Electronic Market Winner Takes All election futures prices as of yesterday’s close:
Date Contract Units $Volume LowPrice HighPrice AvgPrice LastPrice
12/01/15 DEM16_WTA 0 0.000 0.000 0.000 0.610
12/01/15 REP16_WTA 0 0.000 0.000 0.000 0.393
What track record does that market have with presidential elections?
http://whitmanpioneer.com/category-less/2007/09/19/iowa-electronic-markets-best-poll-data-in-accuracy/
Paddy Power’s got Clinton at 4/5, Rubio 7/2, Trump 7/1, Sanders 12/1, Bush and Cruz 14/1.
The only not more of the same candidate with a chance of getting elected. I can’t wait until the charade of Bernie falls by the wayside and all the leftists here have to admit full Hillary.
Sanders Beats All Top Republican Candidates In Latest Poll
http://www.huffingtonpost.com/entry/sanders-beats-republican-candidates-poll_565ee12ce4b079b2818c95fc
Sen. Bernie Sanders (I-Vt.), a contender for the Democratic presidential nomination, is gaining steam against top Republican rivals, according to a national Quinnipiac University poll released Wednesday.
In a hypothetical matchup against the current GOP front-runner, business mogul Donald Trump, Sanders takes 49 percent of the vote to Trump’s 41 percent. Against Sen. Marco Rubio (R-Fla.), Sanders leads 44 percent to 43 percent. He also beats Sen. Ted Cruz (R-Texas) by 10 percentage points and retired neurosurgeon Ben Carson by 6 points.
Fifty-nine percent of voters also say Sanders is honest and trustworthy — placing him well above former Secretary of State Hillary Clinton, his chief rival for the Democratic nomination, and above all top Republican candidates tested in the poll.
“Fifty-nine percent of voters also say Sanders is honest and trustworthy placing him well above…..all top Republican candidates tested in the poll.
Sanders is the most honest presidential contender imo. Trump is a liar but “liar” doesn’t do him justice. The Republican party has created climate where a pathological real estate huckster, bullshit artist can now become their front runner.
Donald Trump Is Not a Liar
He’s something worse: a bullshit artist.
https://newrepublic.com/article/124803/donald-trump-not-liar
….”Why is Trump such a bullshit artist? His background as a real estate developer—a job that requires making convincing sales pitches—is one clue.”
…Bullshit is unavoidable whenever circumstances require someone to talk without knowing what he is talking about,” Frankfurt notes. “Thus the production of bullshit is stimulated whenever a person’s obligations or opportunities to speak about some topic exceed his knowledge of the facts that are relevant to that topic.” As a businessman-turned-politician, Trump often seems in over his head on policy discussions. Maybe that’s the core reason why he’s so given over to bullshitting.
But Trump’s propensity to bullshit shouldn’t be seen as an aberration. Over the last two decades, the GOP as a party has increasingly adopted positions that are not just politically extreme but also in defiance of facts and science. As Michael Cohen argues in the Boston Globe, the seeds of Trump’s rise were planted by earlier politicians who showed how far they could go with uttering outright untruths which their partisans lapped up. This can be seen most clearly in the climate denial which so many leading candidates have given credence to. Or consider the way Carly Fiorina concocted a story about an imaginary Planned Parenthood video. It took a party of liars to make Trump’s forays into outright bullshit acceptable.
Here Lola…
Trump Solidifies Lead In Latest Poll As Hillary Finds She Has A “Likability Problem”
http://www.zerohedge.com/news/2015-12-02/trump-solidifes-lead-latest-poll-hillary-finds-she-has-likability-problem
But that’s just Soviet propaganda so it can’t possibly be true, LOL!
One only has to watch Saturday Night Live to see that it is actually true - even the left mocks her efforts to appear young, hip, and connected with today’s voters.
I don’t think anyone here is far left enough to want sanders
I support Sanders and I’m not the only one.
+1
Meh, he wants to bring in refugees by the boat load. Tell you what Bernie, when the economy is good and the Lucky Duckies don’t have to work three jobs to makes ends meet, then we can talk about importing refugees who will never assimilate.
(Sanders) wants to bring in refugees by the boat load.
It looks like Sanders has committed to bringing in much fewer Syrian refugees than the other Dem candidates. (But Trump is bullshitting about that too.)
http://www.factcheck.org/2015/12/sanders-support-for-syrian-refugees/
“Businessman Donald Trump claimed that Vermont Sen. Bernie Sanders said he wants to bring 65,000 Syrian refugees to the United States. Trump is wrong. Sanders didn’t say that.
Sanders does support President Obama’s pledge to admit at least 10,000 refugees from Syria in fiscal year 2016. Beyond that, Sanders has not committed to any other number…Sanders, who has expressed concerns about the impact of immigration on American workers, has not gone beyond the 10,000 figure.”
I’d vote for Sanders over Trump. But Trump vs. Hillary… meh, I’d probably vote for Jill Stein.
I don’t think anyone here is far left enough to want sanders
Forget meaningless labels. Sanders is not that far left if you look at American tradition of lifting all boats as opposed to the past 30 years. A lot of conservatives are realizing it.
“Now look at Bernie. He’s the only one willing to stand up to the big banks.”
The Lifelong Republicans Who Love Bernie Sanders
Some conservatives are defying expectation and backing the Vermont senator.
http://www.theatlantic.com/politics/archive/2015/11/the-lifelong-conservatives-who-love-bernie-sanders/417441/
….These Republicans for Sanders defy neat categorization. Some are fed up with the status quo in Washington, and believe that Sanders, with his fiery populist message, is the presidential contender most likely to disrupt it. Others have voted Republican for years, but feel alarmed by what they see as the sharp right turn the party has taken.
“I have been a conservative Republican my entire life. But the Republican party as a whole has gotten so far out of touch with the American people,” says Bryan Brown, a 47-year-old Oregon resident. “I switched my registration so that I could vote for Sanders in the primary, but the day the primary is over I’m going to register as an Independent.”
…“Once you get out of Washington ‘conservative’ can mean all sorts of different things. Voters are often left of center on some issues and right of center on others. So someone like Trump or Sanders who talks about themselves in a way that doesn’t fit into a pre-ordained box could be appealing to a lot of people,” says Chris Ellis, a political science professor at Bucknell University.
In some cases, longtime Republican voters who have decided to support Sanders, like MacMillan, are rethinking their political affiliation entirely. (“I’m inclined to say I might stay with the Democratic Party because the Republican Party has changed and it’s not the way it used to be,” MacMillan says.) Far from claiming to have experienced a political conversion, other Republicans argue that Sanders actually embodies conservative values.
“When I think of true conservative values I think of Teddy Roosevelt who earned a reputation as a trust-buster,” says Jeff DeFelice, a 38-year-old registered Republican voter living in Florida. “Now look at Bernie. He’s the only one willing to stand up to the big banks.
GOP solution: more shrieking, more lies, more war.
Dem solution: more welfare, illegals, govt dollars and racism
“GOP solution: more shrieking, more lies, more war.”
“…The triumph of bullshit has consequences far beyond the political realm, making society as a whole more credulous and willing to accept all sorts of irrational beliefs. ……“Those more receptive to bullshit are less reflective, lower in cognitive ability (i.e., verbal and fluid intelligence, numeracy), are more prone to ontological confusions and conspiratorial ideation….
It’s no accident that Trump himself is receptive to bullshit ideas promulgated by the likes of anti-vaxxers.
A President Trump, based on his own bullshit receptivity and his own bullshit contagiousness, would lead a country that is far more conspiratorial, far more confused, and far less able to grapple with problems in a rational way. Trump’s America would truly be a nation swimming in bullshit.
theatlantic dot com
Mac Thornberry (R-TX), chair of the House Armed Services Committee, was seriously shrieking for more war last night on the PBS NewHour.
Excerpts from the transcript (link to full transcript below):
——————-
…You know, my fear is that [200 special forces] is too much of a gradual approach that is not really going to change the conditions on the ground or the ideological battle in which ISIS is excelling.
…if it is 200 people, then it is a small fraction of what we once had, for example, in just Iraq. So that’s the reason I think a number of us are concerned that the president is responding to events, rather than trying to figure out how to actually degrade and destroy ISIS, and then putting the resources behind that.
…No, I don’t get caught up in numbers. What I get caught up in is a strategy to actually succeed.
…There are 3,500 U.S. troops in Iraq. If they want to add 100, they have got to go all the way to the president to get his approval to add 25 or 100. So it’s that micromanagement from the White House that is one of the constraints on our efforts. And so that’s the reason I say there needs to be a four-star in the region in charge, and he needs to have the authority to be successful, rather than run and ask mother may I for every additional 25 troops that he thinks he needs.
[JUDY WOODRUFF:] You’re saying if the U.S. believes it should send more troops, it should. What about the will of these sovereign countries and their own leaders?
…Well, unfortunately, Iraq has become more and more a proxy for Iran.
…that’s the reason, for example, the bill that Congress passed and now the president has signed would allow the president to provide arms directly to the Kurds, directly to the Sunni tribes, rather than go through the Baghdad government, because Iran is increasingly calling the shots there.
…the countries in the region are not going to step forward unless the U.S. takes a decisive leadership role. So it’s a chicken and the egg.
…countries in the region remember that we abandoned Iraq in 2011 and that has contributed been — that has contributed to this mess. So they — we have to earn their trust back. And that’s going to take some time and effort.
…there is no substitute for U.S. leadership. Now, we need to do it with a coalition. There needs to be Muslims on the ground to help carry this out. But nobody can take the place of the United States.
…And that’s the reason that I believe a four-star on the ground in charge, empowered to call the shots is really needed to help focus these efforts.
…We cannot have a successful military operation run from the basement of the White House.
————–
http://www.pbs.org/newshour/bb/u-s-step-by-step-strategy-against-islamic-state-questioned-in-congress/#transcript
Looks like Thornberry is exploiting Daesh as a reason to send American troops back to Iraq in a proxy war against Iran. And send many more arms to the Kurds. $$$Cha-ching$$$ MIC!
And there are a limited number of “four-star generals” in existence. My guess is that Thornberry has someone in mind, someone more bloodthirsty than that micromanager in the basement of the White House.
“countries in the region remember that we abandoned Iraq in 2011 and that has contributed been — that has contributed to this mess. So they — we have to earn their trust back. And that’s going to take some time and effort.”
They also remember Iraq telling us to GTFO because the place was a basket case even with us there.
They might remember us toppling the government there a few years back as well.
Who doesn’t like the idea of spending other peoples money : )
“Then we have the problem that the central banks in attempting QE operations, cannot figure out how to reverse the process. They cannot sell the debt back to the market thereby defeating the original concept of creating elastic money supply. You increase the money supply during a recession to prevent banks being forced to sell assets to meet a panic demand for cash. Transactional banking has altered the classic borrow short lend long operations of banks cancelling out the idea of requiring and elastic money supply. All central banks can do now is allow the bonds they bought to mature and expire. If they attempt to sell the bonds they bought back into the marketplace, they will drive rates higher in a panic.”
http://www.zerohedge.com/news/2015-12-01/martin-armstrong-warns-qe-has-failed-central-banks-are-simply-trapped
“You increase the money supply during a recession to prevent banks being forced to sell assets to meet a panic demand for cash.”
Yes! And this increased money supply JUMP STARTS the economy!
A true miracle! And after the miracle takes hold and the economy is once again humming along then the money that was pumped into the economy can be safely withdrawn. Just as always.
If they attempt to sell the bonds they bought back into the marketplace, they will drive rates higher in a panic.
This idiot has no clue what he’s talking about. Bond auctions are heavily oversubscribed. Stating the obvious that means demand far exceeds supply. Bid vs. Ask. Markets 101. Which means the Fed could slowly liquidate their bond holdings if they wanted to and rates wouldn’t budge an inch.
I wonder why they aren’t doing so now.
Region VIII news about the recoveryless recovery, these trailer poors facing eviction because they can’t scrape together $300:
http://www.thedenverchannel.com/news/local-news/denver-families-could-face-eviction-this-holiday-season
“This sucker could go down” — George W. Bush
More Region VIII news, average rent for one bedroom apartments in the Golden Triangle are now $2,275 a month:
http://www.bizjournals.com/denver/news/2015/12/01/denvers-most-expensive-neighborhood-for-renters-is.html
“Friendly” Village not so friendly after all. The owners are real A-holes.
You mean the hedge fund managers that are buying up all of the apartment complexes?
“This sucker could go down” — George W. Bush
“I don’t want to pay immediately,” Hector Rodriguez
“Two-hundred dollars is not little, especially when you’re talking about residents who work two to three minimum wage jobs to make it.”
“You work 3 jobs?……Uniquely American……….ya get any sleep?”
George W. Bush (spoken with a sh!t eatin’ grin)
https://www.youtube.com/watch?v=kIjo-dWE1Jg
Donald Trump repeats: ‘Wages too high’ - Business Insider
http://www.businessinsider.com/donald-trump-wages-are-too-high-2015-11
Nov 11, 2015 - Real-estate tycoon Donald Trump argued during the Tuesday-night Fox Business Network debate that US wages are “too high” — and he …
He also received a letter from management which said they made a mistake and undercharged him for four months on his water bill.
As a result, he now owes an additional $333.15
$80+ a month in water usage? In a mobile home? During that same time frame my bill was about $20 a month.
Something’s rotten in Denmark
That amount is not at all out of line. The actual charge for the water used is probably about 10% of the total bill. The rest are fixed charges that you pay regardless of your useage.
That’s the way my water/sewer bill is - I pay about $90 per month even if I don’t use a drop of water. So there is no financial incentive to conserve water, as I lean toward using as much as I can to get my $90’s worth of fixed-cost value every month!
New York Times real journalist betters assure that 1st Amendment free speech doesn’t apply when discussing aborted fetuses and selling dead baby parts:
http://mobile.nytimes.com/2015/12/02/opinion/the-toll-of-violent-anti-abortion-speech.html
P.S. responsible use of birth control is the best way to prevent abortions.
P.S. responsible use of birth control is the best way to prevent abortions.
And where do many women (and men) get their contraceptives?
Planned Parenthood clinics. When they’re not under attack by the American taliban.
+1. Like Goon says, it’s all about the narrative:
Bad brown guy with assault rifle = terrorist
Bad white guy with assault rifle = mentally disturbed
Wouldn’t saying that both are terrorists make it easier to “grab guns”, especially since most guns are owned by “white guys”?
Ironically it’s the opposite, isn’t it? Fed law prohibits gun ownership by the mentally ill. Not sure if there’s a similar law against terrorist ownership? If that’s true, from a 2nd amendment standpoint, you want to avoid the “mentally ill” label if you can.
It’s not terrorrism when a white boy does it… it’s an Unilateral Act of Armed Protest.
Warmist Warming Wednesday
New York Times real journalists ask readers to “imagine a world without growth”
http://mobile.nytimes.com/2015/12/02/business/economy/imagining-a-world-without-growth.html
Infinite growth is not possible in a finite ecosystem.
The Bible was a cool story bro, but man was not created in God’s image. Evolution has been happening for billions of years, and it will continue to happen with or without humanoids in the ecosystem.
Careful, Krugman will not be pleased. Cuz if growth has its limits, his idea of space aliens falls apart. “We’ll grow our way out of all this money printing.” Never mind that a penny used to buy something and now there are trays of pennies on the check-out counter for the taking.
The “experiment” of America will continue, until it can’t.
There is nothing to believe in.
I believe in you, Goon.
Infinite growth is not possible in a finite ecosystem.
I agree.
The Bible was a cool story bro, but man was not created in God’s image. Evolution has been happening for billions of years,
But why wouldn’t God create evolution? God evolved too in the “cool story”. Jesus was part God’s evolution on sin no? John 3:16
And:
Genesis 9:12, God says, “Never again shall I send a flood to destroy the earth.
How do you account for the energy that is coming from the sun in your “finite” ecosystem?
I agree that we can’t have infinite growth, but we are far from the limit.
Rental Watch:
The sun will eventually explode. Meh.
Rental: ” but we are far from the limit.”
Couldn’t agree more!
Long after we have stripped the earth of the ability to support human life Realtors and Cockroaches will be humping each other day and night giving birth to an ever growing teeming hoard that needs nothing more to exist then a daily bask in the sun while wriggling on barren rock.
In fact the numbers of these super vermin will grow Infinitely and eventually their mass will increase the circumference of the earth by millions and millions of miles until they can simply walk off onto the surface of Mars. -nod-
“Realtors and Cockroaches will be humping each other day and night”
Don’t they already?
Holyrood’s economy is staging an inquiry into the impact of the global price crash on the North Sea which has resulted in an estimated 65,000 UK job losses. The global price now stands at less then $50 barrel compared with more than $100 in the Summer of last year.
James Bream, Research and Policy Director, Aberdeen and Grampian, Chamber of Commerce told MSPs today: “The year ahead is going to be extremely tough.”
He added: “We’re now starting to see this impact ripple out and its a question of how long does this softening go on.
“We don’t know that, but what we do know is that it will continue through 2016 and we forecast more redundancies.”
But while the past year has seen a “hard and sharp” reaction which resulted in the estimated 60,000-plus staff losses, the coming year is likely to see a “slowing” in the rate of lay-offs.
Mr Bream warned: “We’re not at the bottom in terms of the reduction in employment, that’s for sure.”
The impact on the wider North-east economy is beginning to take its toll, he added, with a “significant softening” of the office market. Hotels are seeing a “significant fall” in occupancy from 80% to 66%, while room rates are down from £100 to £75. The housing market is also suffering with just 73% of homes coming to market selling compared with 88% last year, while car dealers say their order books are empty for the year ahead. The number of jobs being posted with recruitment firms has also halved.
http://www.scotsman.com/news/politics/struggling-north-sea-industry-not-at-the-bottom-1-3964505#comments-area
http://www.businessinsider.com/state-economy-ranking-july-2015-2015-7?utm_source=hsrd.yahoo.com&utm_medium=cpc&utm_content=yahoo-boost&utm_campaign=yahoo-boost-article
state rank
wow is this list going to change next yr
I’m thinking FL will move into the top 5 and ND/AK will be in the bottom 2
People are being squeezed by rising rents in the wake of the collapse of the housing bubble.
If that doesn’t show market distortions and the misallocation of capital I don’t know what does.
How about millions upon millions of empty investor-owned housing units in China for another malinvestment example?
Misallocation of capital would lead to too much supply of shelter, which would drive down rents. This should especially be the case in the aftermath of the housing boom, as so many homes became rentals.
I don’t understand how rising rents shows misallocation of capital…can you explain?
It could be that too little capital has been allocated to construction.
But low interest rates SHOULD lead to more money being allocated to construction.
In other words, any misallocation of capital due to low rates should have made it easier to add supply.
So maybe interest rates are too high.
Or maybe interest rates are so low because there is too much capital and no demand for it.
People are too nervous to develop property.
Gee wiz Rental_Fraud…. I wonder why with housing demand at 20 year lows and massive excess empty inventory.
25 million excess empty and defaulted houses held back in foreclosure moratoriums tend to do that.
People are renting more single-family houses and luxury apartments than ever. Could that be a contributor to their higher rent bill?
It could contribute to the higher median rent, but the additional supply of SFH/luxury rentals to the market isn’t high enough for the mix to be the whole cause of the statistical rent increases.
In other words, I don’t think the higher rents reported are just a result from a change in the “mix” of units that are rented.
Rents have gone up ~3-5% per year for something like the past 5 years.
One stat that supports my contention is the number of lower income renters where the rent is a “severe burden” is continuing to go up…these are not folks that are renting SFH, or luxury apartments, but at the same time, they are being more and more burdened by rent relative to their income…even at this point in the cycle, where unemployment is at 5%.
Why do you believe that the addition of SFH’s and luxury apartments is not enough to explain the increase in the median?
Rallying the base
Drudge links to FoxNewsHate article about George Soros progressive organizations not welcome in Russia:
http://www.foxnews.com/politics/2015/12/01/state-department-troubled-by-moscows-move-against-soros-groups.html
“article about George Soros progressive organizations not welcome in Russia:”
Well, they’re welcome in Chicago, Baltimore and St. Louis.
You can’t win em all.
“…George Soros progressive organizations…”
Blue eyed meddling? Hehe.
Another Drudge link from Washington Post real journalists reports whitey not happy:
https://www.washingtonpost.com/news/wonk/wp/2015/12/01/young-white-people-are-losing-their-faith-in-the-american-dream/
“There’s no future, no future, no future for you” — the Sex Pistols
Another Drudge link to rally the base, real journalists report that Black Friday set an all time record for single day gun sales:
http://www.usatoday.com/story/news/2015/12/01/black-friday-breaks-record-185k-gun-background-checks/76624604/
7 years of Obama, and this is what you get.
Forward.
You should thank Obama for encouraging the citizenry to arm itself.
And then there’s this, the most-read story in today’s WP:
https://www.washingtonpost.com/world/middle_east/iraqis-think-the-us-is-in-cahoots-with-isis-and-it-is-hurting-the-war/2015/12/01/d00968ec-9243-11e5-befa-99ceebcbb272_story.html
Sounds like Obama is doing a terrible job with “gun grabbing”.
He’ll do a better one as Secretary General of the United Nations.
Like the title of the Smiths’ song says, “These Things Take Time.”
Another Drudge link to rally the base, Obamacare = FAIL
http://thehill.com/policy/healthcare/261617-unitedhealth-ceo-regrets-entering-obamacare-marketplace
End of life care for broke @ss baby boomers is gonna bankrupt this country.
People over age 65 shouldn’t be allowed to vote.
This lib concurs, Obamacare sucks, it’s a form of corporate welfare to fatten already obese insurance companies. Repeal, then Single Payer please.
like medicare/caid
first big health fought it then adopted it
Got to get the HMO/PPO’s out of the way. All they do is act as a middleman, padding the bill to extract money for themselves, without adding any value.
Low enrollment and high usage cost by the people who got $100 a month health insurance?
Who could have seen this coming?
Stevie Wonder comes to mind.
UnitedHealth warns it may exit Obamacare plans
Source: USA Today
November 23, 2015 at 10:40 AM
The nation’s largest health insurer warned Thursday that it may pull out of the Obamacare exchanges after 2016 – forcing more than a half million people to find other coverage – after low enrollment and high usage cost the company millions of dollars.
http://www.cpbj.com/…/CPBJ01/151129942/unitedhealth-warns-it-may-exit-obamacare-plans - 53k -
That announcement got an awful lot of attention, considering that it was about something that may happen.
It was planned to happen.
It was planned to happen.
Here’s the long-game as to what was “planned to happen”.
What was “planned to happen” is that the ACA was put into place to help millions, knowing that it would have to be improved later. That the Repubs refuse to cooperate to improve it now and later will not hurt that goal in the long run because….
As I’ve said since 2010, the other thing that “was planned to happen” is to change the concept of health-care for most Americans from a privilege to a right. (As it is in all other civilized countries).
The ACA has succeeded at both. If it “fails” the ACA will be replaced with something else based on the new “right” to healthcare that the ACA has made possible by changing the game.
The ACA changed the game on healthcare being much more of a right. You can’t put that genie back in the bottle.
“Who could have seen this coming?
Stevie Wonder comes to mind.”
Now that’s just too fugg’n funny right there!
Mitch Roschelle, partner and real estate advisory lead at PricewaterhouseCoopers says there have been 3,000,000 household formations since 2007 for which we have not built housing. We better get busy and build more homes so prices don’t go through the roof.
This paid message sponsored by the National Association of Realtors.
How many disintegrations? People don’t live forever.
… or stay married. 70% +of all men under the age of 35 are unmarried. I suspect that percentage is the same for women. Also, 50%+ of all women under 30 who give birth are unmarried.
Kiss the “nuclear family” goodbye. Single men don’t need houses (and most can’t afford one anyway), single mothers might want one but also can’t afford them.
Last line of my Tinder profile: “all my pics are recent and yours should be too”
Last line of my Tinder profile: “all my pics are recent and yours should be too”
That’s racist!
And genderist!
Another observation, if all of your pics are of international travel, what do you actually do on the weekend in Denver / in the mountains?
Obsession with international travel reminds me of the Skittles commercial, “taste the rainbow” that jetsetting c*** carousel riders do before they crash into the Wall with a bad case of jetlag. NEXT.
And btw, if you’re over the age of 22, don’t post duckface pics.
Maybe they already moved into some of that excess, empty housing that Senior Housing Analyst has been reporting on.
‘Mark Zuckerberg and Priscilla Chan to give away 99 percent of their Facebook stock, worth $45 billion— Facebook chief executive Mark Zuckerberg announced Tuesday he plans to eventually donate 99 percent of the Facebook stock owned by him and his wife Priscilla Chan, shares that are worth about $45 billion today, making it one of the largest-ever philanthropic commitments.’
You know, I recall that Bill Gates gave away his fortune more than once. And Ted Turner, remember how he gave away all his money? Funny how they are still billionaires.
I get these emails from the Washington Post:
‘Today’s top business stories from The Washington Post:
Morning Mix Headlines: Stories from All Over— The anonymous Silicon Valley satire that has stumped tech world insiders; Scientists have figured out what makes Dr. Seuss so silly; Carrie Fisher ‘was pressured’ to lose 35 lbs. for new ‘Star Wars’ movie; Controversial Coca-Cola ad depicts whites introducing soda to ‘poor’ Mexicans; Black Friday saw most federal gun background checks ever in a single day; Harvard College ‘House Masters’ to get new titles because of slavery connotation.’
35 pounds? Hey, you’re supposed to be the Princess, not Jabba the Hut.
I would have loved a scene where she kept a skinny, bikini clad Jabba on a leash.
Sorry Carrie, you’re an actress and you’re being paid millions to look the part you’re playing. And I don’t recall the Rebel Scum noshing on grits and pancake syrup and washing it all down with high fructose corn syrup. So, hie thee to the farmer’s market for some grass-fed taun-taun and then it’s on to lightsabre footwork drills.
The real fun would have been for Carrie to challenge Lucas to match her weight loss.
She could have said no and taken the job at WalMart. free willy
And Zuck is giving it to a foundation that he controls. By my estimation he is avoiding approximately $20B in tax. 1/3 now by contributing shares before paying any tax on gain, and 1/3 by avoiding estate tax after death.
Would he do the same thing if there was no estate tax?
Is he going to allow his foundation to hire his heirs at high salaries with unlimited travel budgets?
Seems like a nice way to set up your family and heirs, well, forever.
http://www.cnbc.com/2015/12/02/mark-zuckerbergs-unusual-method-of-charitable-giving.html
“It’s what’s known as an unenforceable promise,” said William D. Zabel, partner at Schulte Roth & Zabel. “Who’s going to enforce it? They can later decide to give away $45 billion or $5 billion, it’s up to them.”
It’s not really a promise either. A promise is a commitment made to a specific person or group of people. Zuckerberg is just making a statement that he will do something in the future. I can’t see why anyone reading about it now should get upset if he fails to carry through with that commitment.
Is he going to allow his foundation to hire his heirs at high salaries with unlimited travel budgets?
I’d say if he has 40 or 50 billion dollars, he not too worried about his heirs having high salary jobs and unlimited travel budgets.
Don’t be so gullible Lola.
The Zuckerberg Dynasty
Donate to what?
Zuckerberg & Chan are going to see lots of waste, like most behemoth non-profits. Idealist and sweet, but this needs a salary and overhead leash.
Do the rich do good deeds to barter with their maker, out of guilt for being rich, or is it in their core? I’ve always wondered.
‘America’s 20 wealthiest people — a group that could fit in one Gulfstream G650 jet — are now worth $732 billion, which means they have more wealth than the 152 million people who make up the least wealthy 50% of U.S. households, according to a report released Wednesday by the Institute for Policy Studies. What’s more, the “Forbes 400” wealthiest individuals in the U.S. now have a net worth of $2.34 trillion.’
‘The report’s co-authors propose several ways to close the gap between America’s ultra-wealthy and, well, everyone else. These policies include closing offshore tax havens and loopholes for the ultra-wealthy in the tax code that the wealthy exploit to hide their wealth. One of the biggest billionaire loopholes is the Grantor Retained Annuity Trust, which enable very wealthy families to pay little if any estate and gift tax on estates worth billions of dollars, Hoxie says. “There’s no reason why it should be used as a tax evasion mechanism,” he says. “It’s an unintended result of our tax code.”
I suppose this is why we have to hear the names “Bill and Melinda Gates” every time we turn on NPR.
Ben
Yeah, the tax issue is a given, but I read an article about conflicts in the heads of the filthy rich. Remember Richard Rockefeller MD, on the BOD of Doctors Without Borders (his small plane crashed in bad weather). He did good stuff, because he was raised that way. Great info in the above post, thank you.
Yeah Zucker is a prince whose going to shove the illegals straight down your throat.
http://www.politico.com/story/2015/12/mark-zuckerberg-facebook-immigration-donald-trump-2016-election-216327
Zucker goes first…let them all stay rent free in his compound.
Is that the same as Trump living rent free in my skull?
If so, how do I evict him?
One member of an generationally rich family used his spare time to do fun yet outwardly nice things.
US president Barack Obama shakes hand with Christiana Figueres, as Ban Ki-moon, and the French delegation including President Hollande, right, looks on, as delegates arrive for the COP21 talks in Le Bourget, Paris
Photograph: Christophe Ena/AFP/Getty Images
http://www.theguardian.com/…/30/cop21-world-leaders-at-paris-climate-talks-in-pictures - 817k - Cached - Similar pages
2 days ago ..
U.N. Official Reveals Real Reason Behind Warming Scare
02/10/2015 06:43 PM ET
U.N. climate chief Christiana Figueres speaks during an interview at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2014. AP
Economic Systems: The alarmists keep telling us their concern about global warming is all about man’s stewardship of the environment. But we know that’s not true. A United Nations official has now confirmed this.
At a news conference last week in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
“This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.
Referring to a new international treaty environmentalists hope will be adopted at the Paris climate change conference later this year, she added: “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”
Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials/021015-738779-climate-change-scare-tool-to-destroy-capitalism.htm#ixzz3tBEmcjzo
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
Globalists gonna globe.
the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
“to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,”
Come on already. This is not talking about “destroying capitalism”. Over half the world the past century has been communist too. And communism greatly shared in the destruction of the environment. This is talking about the unsustainable “development model” of unregulated pollution and environmental destruction which was done by all economic systems - capitalism, communism, fascism, socialism etc.
This is talking about reducing earth’s destruction by all the economic models.
(Unless you feel it is only capitalism that is responsible for environmental destruction.)
“This is talking about reducing earth’s destruction by all the economic models.”
Let me tell you about something that happened on the earth.
I think it was back in 2004 when hurricanes Jeanne and Frances hit down here. I can’t remember which one was first but it got to the coast and stopped moving with the eye wall spinning over us for like 20 hours. About 12 hours in was when I found out that rain going over 100 mph hurts like a bit#h because I couldn’t ask Dozzer to hold it any longer. Anyway, when it passed there was a lot of damage, a lot of roofs gone, a lot of trees down and the power was out and would remain out where we lived for 14 days.
Now some of it in some ways was pretty cool. Most people in our neighborhood were prepared and had food and water to last a couple of weeks. There were some older people in the hood had trouble but the rest of us made sure they were taken care of. Those of us that could helped people get their places tarped or cleared.
After a couple of days when the roads were cleared so you could drive there were no working traffic lights. That was like another world, the same people who a week before would have been cussing people out and not letting them change lanes just to be a prick were suddenly courteous . Everyone without traffic cops stopped and let the traffic go one car at a time.
But after 10 days with no power, no grocery store, no AC (it was hot) it started to get old. It was around then or a little before that the National Guard showed up at designated places to hand out bottled water and MREs. Mrs. Scandasls loaded up the kids who were still young and drove over to a pick up point for something to do (you didn’t want to do any unnecessary driving because there was still no gas stations pumping) but the kids were stir crazy so what the hell.
She didn’t get any bottled water (it went quick) but she did get about 10 MREs. Not good, our tail end of survival food was far superior.
But on about the 14th day the power was restored to our section of the county. The gas stations opened, the AC and lights came on and I went somewhere and saw the power of this country.
The grocery store.
Trucks were lined up waiting their turn to deliver, shelves that were stripped 2 weeks before were being restocked at a mind blowing pace by a small army of delivery guys and grocery store workers, big refrigerators that had been out of order and empty for over 2 weeks were being filled with all kinds of stuff that had been brought there in refrigerated trucks. All this being done while people who were down to nothing loaded their carts from the shelves only to have these same people fill the shelves right back up again.
When FPL got the power back on and the trucks started rolling the area came back to life.
So no, I don’t trust U.N. climate chief Christiana Figueres with the task of intentionally, within a defined period of time, changing the economic development model that has been reigning for at least 150 years.
I see lined pockets and power for the ruling elite and like I said, when the government came to help it was still hot with no AC, they didn’t have any bottled water and the MREs tasted like sh#t.
Globalists gonna globe?
when the government came to help it was still hot with no AC, they didn’t have any bottled water and the MREs tasted like sh#t.
lol. Is that self-parody? “Where’s my government water? Where’s my government AC? The food they bring us tastes funny! It’s been two weeks! Why haven’t they fixed everything?
Why didn’t you get your own food and water, and fix your own ac, mr. small government? Waiting for your handout?
“Why didn’t you get your own food and water, and fix your own ac, mr. small government? Waiting for your handout?”
I did dumb@ss
I had a generator and enough food and water to take care of my family (and help others) for weeks. And if it had gone longer than that (which if we had to wait for the Federal Government to get the power on it surely would have by months if not years) I had enough gas to drive my family to North Carolina.
I didn’t show up at the Super Dome with a toothbrush and a six pack so the gooberment could take care of me. How did that work for them?
…admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
There’s nothing in that article that she indicates that she has such a goal, but at least your link worked this time.
You are supposed to be a smart guy right mighty?
Tboom can always find them, surely you can too.
New Diabetes Cases, at Long Last, Begin to Fall in the United States
By SABRINA TAVERNISE
DEC. 1, 2015
EUTAW, Ala. — After decades of relentless rise, the number of new cases of diabetes in the United States has finally started to decline.
The rate of new cases fell by about a fifth from 2008 to 2014, according to researchers at the Centers for Disease Control and Prevention, the first sustained decline since the disease started to explode in this country about 25 years ago.
The drop has been gradual and for a number of years was not big enough to be statistically meaningful. But new data for 2014 released on Tuesday serves as a robust confirmation that the decline is real, officials said. There were 1.4 million new cases of diabetes in 2014, down from 1.7 million in 2008.
“It seems pretty clear that incidence rates have now actually started to drop,” said Edward Gregg, one of the C.D.C.’s top diabetes researchers. “Initially it was a little surprising because I had become so used to seeing increases everywhere we looked.”
Experts say they do not know whether efforts to prevent diabetes have finally started to work, or if the disease has simply peaked in the population. But they say the shift tracks with the nascent progress that has been reported recently in the health of Americans.
http://www.nytimes.com/2015/12/01/health/new-diabetes-cases-at-long-last-begin-to-fall-in-the-united-states.html
tax fat people
= less health problems
Peak fat.
“I don’t want to pay immediately,” — Hector Rodriguez
Obama: My Plan Makes Electricity Rates Skyrocket - YouTube
http://www.youtube.com/watch?v=HlTxGHn4sH4 - 275k - Cached - Similar pages
Mar 18, 2009 .
And George Soros is the new King of Coal!
Trump Leads in Poll … leading in “definitely not support,” LOL.
Buried in yesterday’s poll which said Trump maintains his lead is this nugget:
“As many as 26 percent of Republican voters in the survey say they would “definitely not support” Trump.” If Trump is the nominee and 26% of the Repubs stay home in the general, Trump is Toast.
‘26% of the Repubs stay home’
Independents outnumber both parties.
Losing 26% of a shrinking base yields a very small number.
Lola,
From your skull directly to the WhiteHouse…. The Donald lives rent-free.
Jeb Bush hints that his VP pick would be a woman
Makes comment at campaign appearance in Waterloo, Iowa
Ann Marie Awad | UPI - December 2, 2015 0 Comments
At a campaign appearance in Waterloo, Iowa, Tuesday evening, Bush told supporters: “Should I be elected president, I would have my vice president — I think she will be a great partner.”
He immediately joked: “I mean, did I say that out loud?”
http://www.youtube.com/watch?v=jA4DR4vEgrs - 163k -
if gop doesn’t run Fiorina hitlery wins all 57 states
I am fairly certain that Czarly will be the GOP’s VP candidate.
Sure, Karly’s first task in office will be to replace the Department of Labor with the Department of Outsourcing, Downsizing and Layoffs. She’s good at that.
You’re looking in the rearview mirror AnklePants. All the layoffs and outsourcing already occurred.
LaborForce Participation Rate Plummets To 37 Year Low; Jobless Population At Record High
http://data.bls.gov/timeseries/LNS11300000
“Czarly”
If it’s Condi Rice he will win the NeoCon vote.
that was pathetic, even from a Bush.
Donald Trump…. A superb statesmen with a squad of sexy strumpets
http://cdn1.theodysseyonline.com/files/2015/08/08/635746660254877558482317236_donald%2520trump%2520and%2520his%2520women.imgopt1000×70.jpg
plural is not singular
Donald Trump…. A superb statesma>/i>n with a squad of sexy strumpets
http://cdn1.theodysseyonline.com/files/2015/08/08/635746660254877558482317236_donald%2520trump%2520and%2520his%2520women.imgopt1000×70.jpg
Fixt. And crater to you.
crater
“Crude Is Crashing”
http://www.zerohedge.com/news/2015-12-02/crude-crashing
Nothing accelerates the economy like falling prices to dramatically lower and more affordable levels. Nothing.
The iCar?
“Fortune Prediction: Apple Will Buy Tesla”
http://fortune.com/2015/11/18/apple-tesla-acquisition-prediction/
Tesla Motors, Inc. (TSLA)
EPS (ttm): -5.33
http://finance.yahoo.com/q?s=TSLA&ql=1
I can see all the hipsters and other cool people lining up to overpay for an iCar.
I took a looksie earlier at Apple’s financials. They are cash flowing positive ($7B+) at this point, though I wonder if an iCar debacle could wreck that.
Did you observe the debt they’re carrying?
Two bankrupt companies going bankrupt together.
how many iwatches did u buy?
cult like following?
iCrater
FANG! BTFD!
crApple? A bankrupt company?
Hey Lola….. —–> https://goo.gl/qHDaPa
?
As a fiscal conservative, I dont like this:
Extreme weather tied to more than 600,000 deaths over 2 decades
Economic losses are estimated at trillions of dollars
Housing Liberace…. Housing.
Alexandria, VA Housing Prices Plunge 9% YoY
http://www.movoto.com/alexandria-va/market-trends/
“Housing Liberace”
Take a tour inside Liberace’s now dilapidated Las Vegas home …
http://www.youtube.com/watch?v=ZRaXBMNQJjw - 223k - Cached - Similar pages
Aug 30, 2013
“As a fiscal conservative, I dont like this:”
Now that’s more like it.
Would you mind telling me which site you get your talking points from?
As a fiscal conservative, I dont like this
I read the news links from Zero Hedge.
Stop wasting my $$.
Extreme weather (drought/famine, floods, etc.,) has been around for a long time.
Hell, one of the major floods is written about in the bible (
). Only then it was blamed on God, not man.
How many lives would “extreme weather” events have taken long ago–if the world were just as populous, people living in the same places, with the same technological advances?
Without a frame of reference your data is useless.
Me think the planets way of kicking a few million to the curb.
Right on!
Too Big Too Fail? Not in Darwin’s world!
we need more QE and negative rates to sustain this ponzi scheme.
another mass shooting in CA
3 shooters, 12 dead at a non-profit service office for the disabled. San Bernardino.
are the shooters “thugs” or lonely white guys? Looks like Obama needs to do something as no one else will.
The journalists refuse to describe the suspects.
Yes, we need to know the race and religion of these killers to determine how we should react.
Just another part of the “Fundamental Transformation” you voted for.
Forward.
Just saw the massive shoot numbers in San Bernardino, now to up 14 dead. I would assume disgruntle employees or maybe a canceled contract, or a vendetta of some sort. Not a normal target for such an event, a place that helps mentally disabled people. Just thinking out loud.
Anything goes in California.
Somebody mentioned all these shootings, and I just remembered; listening to our phones should’ve stopped this right? At least once, but no. And our emails and texts and photographing letters. Didn’t stop one shooting. Huh.
Just another day in Obama’s America. Just another day…
Two shooters ID’ed as brothers of Middle Eastern descent. Will undoubtedly be ruled “workplace violence.”
trumpin
https://www.youtube.com/watch?v=uFRWOPh55Jo
Family Guy - Everyone from Florida is stupid
https://www.youtube.com/watch?v=VHpePQ6FCkM
It’s worse than that. 95% of the electorate are stupid.
Your love for your countrymen knows no bounds.
Article in the WSJ:
“Growth in U.S. Health-Care Spending Picks Up: Report attributes acceleration from historic lows mostly to Affordable Care Act”
“Spending on all health care increased 5.3% in 2014, according to a report Wednesday from actuaries at the Centers for Medicare and Medicaid Services….
…
The report, based on 2014 government numbers and published in the journal Health Affairs, follows five consecutive years where average spending growth was less than 4% annually.”
So much for the ACA slowing the growth in spending on healthcare.
So much for the ACA slowing the growth in spending on healthcare.
No. ACA did slow the growth of health-care spending in the USA per person seeking care. Since 2011 the growth in USA health care spending has been below the average of decades prior.
2013 is was the slowest growth in half a century. Ever think it might have risen a bit in 2014 because more people are covered do to the ACA? And now can go to the doctor? And you constantly tout math?
With an increase of just 3.6% in 2013, the lowest growth rate in half a century, US spending on health care continued its slow growth, a trend that began in 2009.
http://www.chcf.org/publications/2015/11/health-care-costs-101#ixzz3tDPKU9Z7
Two San Bernadino shooters IDed - Middle Eastern names, despite the MSM’s “while males in cammies with assualt rifles” meme.
http://www.breitbart.com/big-government/2015/12/02/san-bernadino-mass-shooting/
http://www.thedailybeast.com/articles/2015/12/02/police-id-suspect-in-san-bernardino-massacre-as-syed-farook.html
Just asking, by the late Wallace:
http://www.theatlantic.com/magazine/archive/2007/11/just-asking/306288/
Middle Eastern names, despite the MSM’s “while males in cammies with assualt rifles” meme.
You have better USA media than me but on streaming KTLA all day, they never said they were white.
Where did they say they were white?
It’s possible they said they were white, and if it’s possible, it must be true.
It’s possible your in Brazil. But your not.
Sounds so good, it’s gotta be true.
14 killed 17 wounded. Talking ISIS.
WCBM 680 @WCBM680
There are unconfirmed reports that one of shooters is reportedly named as Farooq Saeed. Again UNCONFIRMED.
Yup. Angry white guys don’t work in teams.
I guess Americans are not the only dum basses in the world:
https://www.reddit.com/r/interestingasfuck/comments/3v3pjj/the_result_of_wearing_fake_braces/