Bits Bucket for January 12, 2016
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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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Got $30 oil?
Next stop $12?
just give it away
So you’re FSA
How come big oil stocks have not fallen with the price of oil? Chevron, Exxon, etc.
they are probably buying back a sh@tload of stock.
When will the Texas Great Depression start? When are all the loans due? Be careful, they are all armed now.
“Be careful, they are all armed now.”
Europeans suffer quietly… not Americans. Hehe.
Next stop $12?
How much for a buggy whip?
Whips too Lola?
Gasoline is dropping again in my neck of the woods. Seeing regular for around $1.65. Is $1 gas on the horizon? Or will we see prices go up as spring rolls in, regardless of falling crude prices?
Dipping to the $1.95 mark around here.
IMO prices will depend on
1. how long the frackers can hold out operations while selling below cost.
2. how long the House of Saud can hold out operating the country with their revenues staying below cost.
3. when viable storage physically runs out. Even at low prices, demand doesn’t seem to be rising to meet the supply. And if there’s nowhere for the excess supply to go, producers will have no choice but to leave the crude in the ground.
With the grocery store discounts (10 cents per gallon for every $100 spent), I’ve been able to fill up the tank for $20 recently. Could a $10 tank be in the future?
Blast from the past:
http://images.ucomics.com/comics/blm/1986/blm860615.gif
Donk,
The problem with that is the cost of production is $6 per barrel.
The problem is that Sauds count on a high profit per bbl to subsidize the country. At $6, (which we know is BS anyway) $24 bbl profit isn’t enough. Even if oil were free, $30 profit/ bbl isn’t enough.
——————
Saudi Arabia Cuts Subsidies As Budget Deficit Soars
By Andy Tully
Posted on Wed, 30 December 2015 21:59
The price of crude oil has dropped so low that Saudi Arabia is facing a growing budget deficit, prompting the rich oil kingdom to make sharp cuts in its budget, levy new taxes and reduce government subsidies for water, electrical power and even gasoline.
This is an abrupt change in the country, OPEC’s largest oil producer, which has used its vast oil revenues to prop up the national economy to serve a population of about 30 million people. But even Saudi Arabia can’t sustain such practices when it runs a $98 billion deficit this year – about 15 percent of its gross domestic product.
http://oilprice.com/Energy/Energy-General/Saudi-Arabia-Cuts-Subsidies-As-Budget-Deficit-Soars.html
—————
Newp.
$6/barrel. US domestic is under $10/barrel.
Housing Analyst, more bogus numbers? I trust the oil companies more than your made-up numbers.
They are producer numbers my friend.
I’m not housing analyst.
$2.69 here in CA yesterday. Cheaper in Hawaii!
Oil needs to be more expensive.
Investors face a “cataclysmic year” where stock markets could fall by up to 20% and oil could slump to $16 (£11) a barrel, economists at the Royal Bank of Scotland have warned.
In a note to its clients the bank said: “Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small.” It said the current situation was reminiscent of 2008, when the collapse of the Lehman Brothers investment bank led to the global financial crisis. This time China could be the crisis point.
http://www.theguardian.com/business/2016/jan/12/sell-everything-ahead-of-stock-market-crash-say-rbs-economists
I don’t remember any of these big banks providing similar warnings before 2008. Have they wised up or should we consider this a contrary indicator?
+1
Maybe they are looking at those Dodd-Frank “living wills,” remember those? They know they can’t finagle another bail out.
By the way, best comment below this article:
Sell your shares, tell clients to sell their shares, buy your shares back, tell clients to buy their shares back. Piece of piss, innit? — JacktheJuggler
That’s why they call it Funds Management”.
The Chinese authorities have resorted to “nuclear strength” weapons to deter an attack on the yuan by short sellers and convince sceptical investors that they are in control of the country’s spluttering financial system.
China’s central bank fixed the currency firmer again on Tuesday but traders were not persuaded and the currency slipped in early trade despite what dealers called aggressive intervention to support the currency.
The gap between the mainland yuan and its offshore counterpart had grown in recent days but suspected intervention by China’s state-owned banks brought them almost into line on Tuesday.
The action sent the rate at which banks charge each other to borrow yuan in Hong Kong to a record high of 67% on Tuesday.
http://www.theguardian.com/business/2016/jan/12/chinese-efforts-to-talk-up-yuan-fail-to-stop-slide-in-oil-and-stock-prices
They seem pretty vulnerable to currency attack at this point, given the tremendous uncertainty about their actual economic situation, not to mention their debt to GDP ratio.
Was thinking the same thing here, PB; remember when the pound was broken? Next up: the yuan.
“the rate at which banks charge each other to borrow yuan in Hong Kong to a record high of 67%”
Imagine having a big mortgage pegged to that interbank rate.
“Imagine having a big mortgage pegged to that interbank rate.”
Hmmmmm …
China’s auto sales rose 18.3 per cent in December over a year earlier on explosive demand for SUVs, pushing the year’s total sales to 21.1 million, an industry group reported Tuesday.
Drivers in the world’s biggest auto market by the number of vehicles sold bought 2.4 million cars, minivans and SUVs last month, according to the China Association of Automobile Manufacturers. The month’s total vehicle sales, including trucks and buses, rose 15.4 per cent to 2.8 million.
http://www.theaustralian.com.au/news/latest-news/china-car-sales-rise-183-in-dec/news-story/3f5c96fdd3c469b81daf980bf4b4fa48
Chinese figures, don’t yeah just love them.
Many of my Beijing colleagues have a spare car, to circumvent the “no drive” days that are based on license plate number.
That’s pretty amusing: a capitalist solution to a communist-imposed problem. I also think it’s ironic that the government limited the number of babies per household but not the number of cars.
And if apartments in Beijing are expensive, how much is a parking space?
USA 8 cars per 10 people
China 1.1 car per 10 people
India 18 cars per 1000 people
gonna get a lot hotter out there if Exxon has its way
That’s pretty amusing: a capitalist solution
Mexico City has a similar restriction. Again, those who can afford to do so, have a spare car to get around it.
“US Auto Sales Plunge To 6-Month Lows - Biggest Miss Since Nov 2008″
http://www.zerohedge.com/news/2016-01-05/us-auto-sales-plunge-6-month-lows-biggest-miss-nov-2008
Remember…. Grossly inflated prices always results in collapsing demand.
check out this balance sheet of the grilled cheese sandwich maker in so cal and phx:
http://www.marketwatch.com/investing/stock/grld/financials/cash-flow
Looks like the only money they really brought in was from selling stock to employees who exercised option contracts.
Looks like they lost a sh@tload of money by their operating activities.
I think a lot of people were duped by this IPO.
The house always wins!
From the GRLD website …
“Inspiration happens when you least expect it! What started as a fun, weekend activity to enter our Cheesy Mac and Rib Melt into LA’s 7th Annual Grilled Cheese Invitational quickly became the idea behind The Grilled Cheese Truck. After seeing the masses of grilled cheese fanatics gathered to pay homage to our favorite childhood (and adult!) comfort food, we realized that this world needed more grilled cheese sandwiches brought to the streets. Not just the classic bread, butter and cheese, but amazing creations that are constructed with the best ingredients, local produce and made with nothing but love.
“We look forward to making your hearts melt with all of our cheesy goodness.”
More from the company’s website …
Company Information
The Grilled Cheese Truck, Inc. (OTCQB: GRLD)
The Grilled Cheese Truck, Inc. is an American entrepreneurial “emerging growth” company with a brand and menu that is widely followed throughout the nation. We believe that gourmet grilled cheese is the “new pizza”. Americans have grown up with this “culinary common denominator”, and the grilled cheese sandwich is the epitome of comfort food. The Grilled Cheese Truck is a fast growing, early mover in the gourmet food truck industry. Management believes that we are one of the most followed gourmet food trucks on Facebook, and we believe we are the only known gourmet food truck verified by Twitter.
Many quality ingredients go into every sandwich we make which is what we believe elevates our sandwiches above the rest and why people line up in front of our trucks sometimes for over an hour to get one of our delicious creations, whether it’s a Plain and Simple Melt or The Cheesy Mac and Rib fully loaded. Our goal is to make people happy with our food.
Our grilled cheese sandwiches have received numerous accolades, including being listed as one of the best sandwiches in the country.
Seems like these folks are really in the business of selling sh@tty stock to people. They will be in bankruptcy soon and all the common shareholders will lose their money.
The insiders must of been able to sell their options for a higher price or else they would not have exercised them.I think it was 2.2 million in 2014.
Grilled cheese and tomato soup are definitely going on this week’s dinner menu at my house!
From a truck?
There’s a restaurant for that:
http://www.tomandchee.com/
Home of the Grilled Cheese Donut.
‘From a truck?’ - Ha!.. I don’t think the grilled cheese truck has made it to Dallas yet, although there are at least 2 grilled cheese themed restaurants according to google.
I’ll be making mine stove top with oodles of cheddar, and gouda, maybe some provolone. Side of fries and tomato soup.
Nothing like the power of suggestion!
Well damn, now I want a grilled cheese sammich, and I haven’t even had breakfast yet.
We GRLD some folks.
They sure did dude. Seems like the only reason they went public was to take investors money and piss it away on themselves.
Interesting how owning a roach coach went from being a small, personal biz that would provide a lower to middle class standard of living to being something publicly traded.
Then again, everything seems to have been “chained” by corporate America. Remember when there were independent barber shops? There’s one that I know of in my little burg’s downtown. Everyone else seems to go to the chain salons now, especially the ones located in the local Walmarts.
There go all those teacher union dues. The Supreme Court is getting ready to strike down requiring non union members to pay also. Now they’ll actually have to convince people to join instead of strong arming them.
http://www.nbcnews.com/news/us-news/future-public-sector-unions-stake-supreme-court-case-n493031
Several Lolas on here are public union hacks. Public unions are an abomination.
There are some space aliens and a fire gnome from the earth’s center on here too. Be vigilant, and most importantly. Be AFRAID and ANGRY!
AFRAID and ANGRY!
+1
Conspiracy truth.
http://investmentresearchdynamics.com/conspiracy-truth/
All very interesting but the conclusion that you should buy gold seems dubious.
18 months from now we could have yields on the 2yr and 5yr at negative rates, with bonds hovering near zero. By then gold will be $500 an ounce.
Or the Fed’s deranged money printing will create a dollar crash and gold at $20,000 an oz.
Has the hopium all been smoked?
http://wolfstreet.com/2016/01/12/oil-plunges-to-30-handle-dallas-fed-president-sucker-punches-any-surviving-oil-bulls/
King Obama to “pave the way” for Hillary in State of the Union:
http://www.cnn.com/2016/01/12/politics/barack-obama-hillary-clinton-2016-election/
Forward
Silly Obama … he shouldn’t take credit for Trump’s hard work.
Angry White Women.
http://thehill.com/opinion/juan-williams/265305-juan-williams-angry-white-women
Enjoy your Soros-funded “fundamental transformation,” Europe.
http://www.breitbart.com/london/2016/01/11/numbers-of-unaccompanied-child-migrants-explodes-in-denmark/
If you like your Orwellian surveillance state, you can keep your Orwellian surveillance state.
https://www.washingtonpost.com/local/public-safety/the-new-way-police-are-surveilling-you-calculating-your-threat-score/2016/01/10/e42bccac-8e15-11e5-baf4-bdf37355da0c_story.html
Sounds to me more like a system to keep tabs on law abiding citizens than on thugs who probably use revolving aliases which would make this super snoop system useless.
“Sounds to me more like a system to keep tabs on law abiding citizens”
BINGO! Western governments seem to be at war with the citizens. As I commented yesterday, it is interesting that in Germany, for example, the police were all organized with water cannons and other deterrents when the citizens protested, and arrests were immediately made. When the migrants went nutz, there was “nothing they could do”.
In Sweden, the police covered up sexual assaults by migrants that occurred last summer. The story came out yesterday.
“In echoes of the scandal in Cologne, Germany, where the police are investigating scores of assaults, often involving asylum seekers, on New Year’s Eve, the Swedish newspaper Dagens Nyheter reported over the weekend that a gang of migrant youths had groped young girls at a festival in August.”
http://www.nytimes.com/2016/01/12/world/europe/swedish-police-coverup-sexual-assault.html?_r=0
Not to worry, all those gropers will grow up to be PhDs, Doctors and Astronauts.
Europe’s oligopoly-installed “center-left” or “center-right” governments are all about fundamental transformation. If a few thousand rapes and murders occur, well, to make a progressive omlet you have to break some eggs. And the media, naturally, was complicit in the cover-up. Gotta script the narrative….
Europe’s oligopoly-installed “center-left” or “center-right” governments are all about fundamental transformation
So, will this be what it takes for Europe’s “far right” to seize the reigns? Or will the Davos crowd keep that from happening?
in Germany, for example, the police were all organized with water cannons and other deterrents when the citizens protested
Could that possibly be because they knew about the protest before it started?
These types of “big data” systems are more likely to be used to perform post-offense diagnostics (to catch the perps or determine what other freedoms to further curb) then they would be used to restrict the average non-offender.
“Law Enforcement” has devolved into the same business model that Big Medicine is stuck in: treat the symptoms, pour money into diagnostics and forget about prevention because that takes hard work and discipline on the part of the patient.
Ray K - my repost of my post from yesterday -
Have you seen this documentary?
Comment by rj chicago
2016-01-11 08:56:09
Regarding all the surveillance we all are under by our govt. betters - I finally sat down this weekend (not withstanding the near riot on Sat evening in Cincinnati when the Steelah invaded) and watched on Netflix - “Terms and Conditions May Apply”, a documentary on FB, phones, computers, NSA, CIA etc. data collection posted by an HBB’er here on this site. What is buried in the fine print of all those ‘contracts’ we “AGREE” to is - well I don’t have words to describe what I have been “AGREEING” to.
One word - terrifying.
In Gmail’s user agreement a year ago, there was a waiver of any copyright interest a user had in their emails.
But if you don’t use gmail, then you’re supposed to be some kind of obsolete, senile oldster. Heaven forbid if you use aol for your email, you might as well head to the old folks home.
I have a gmail account I rarely use, and my inbox is regularly stuffed with spam.
‘forbid if you use aol for your email, you might as well head to the old folks home’
My wife still has an aol account. We were opening a bank account for her a couple years ago and the bank person, from Africa, in his 20’s, laughed out loud when she told him her email address. It was pretty funny.
My wife still has an aol account. We were opening a bank account for her a couple years ago and the bank person, from Africa, in his 20’s, laughed out loud when she told him her email address. It was pretty funny.
Does the gmail arrive any faster? Is it easier to read, or to forward or reply? Does the address book read your mind and fill in the intended email address?
The only think gmail seems to be good at is data mining your email and sending you spam based on what it finds.
> I have a gmail account I rarely use, and my inbox is regularly stuffed with spam.
Funny—I have one that I distribute broadly to many companies, and I see almost zero spam. Do you have the Promotions tab turned off? (Gear->Settings->Inbox->Categories) Most of my junk mail ends up there, and I never look at that tab.
Same for me - if any spam does get through into my normal inbox, you just hit that report button at the top.
Here it comes…
—————-
RBS cries ’sell everything’ as deflationary crisis nears
The Telegraph | 1/11/2016 | Ambrose Evans-Pritchard
RBS has advised clients to brace for a cataclysmic year and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.
The bank’s credit team said markets are flashing stress alerts akin to the turbulent months before the Lehman crisis in 2008. Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small, it said in a client note.
r these folks trying to panic people ?
“Global deflationary crisis”
“Warning that major stock markets could fall by a fifth.”
Cripes. What crisis?
The S&P 500 would have to fall by half to get the dividend yield up to its historic average — with no dividend cuts.
Even if you assume that investors have to settle for less in a low-inflation environment, a decrease of one-third is required just to get back to sanity.
It’s 20 points more down just to get back to where it was when I sold the last in the retirement account just because of how overvalued stocks were.
Everything You Need To Know About Socialism in 20 Quotes
Townhall.com | Jan 12, 2016 | John Hawkins
1) “The problem with socialism is that you eventually run out of other people’s money.” — Margaret Thatcher
4) “We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions.” — Adolf Hitler
9) “Socialism states that you owe me something simply because I exist. Capitalism, by contrast, results in a sort of reality-forced altruism: I may not want to help you, I may dislike you, but if I don’t give you a product or service you want, I will starve. Voluntary exchange is more moral than forced redistribution.” — Ben Shapiro
11) “In 1989, for two hours’ labor at the minimum wage, an American worker could obtain, at a corner Sizzler, a feast more opulent, more nutritionally rich and gastronomically diverse than anything available to almost all the citizens of the socialist world (including the elite) at almost any price.” — David Horowitz
18) “The champions of socialism call themselves progressives, but they recommend a system which is characterized by rigid observance of routine and by a resistance to every kind of improvement. They call themselves liberals, but they are intent upon abolishing liberty. They call themselves democrats, but they yearn for dictatorship. They call themselves revolutionaries, but they want to make the government omnipotent. They promise the blessings of the Garden of Eden, but they plan to transform the world into a gigantic post office. Every man but one a subordinate clerk in a bureau.” — Ludwig von Mises
Socialism is the forced redistribution of wealth. Defense spending is socialism. One defense agency instead of multiple defense companies is socialism.
What is Too Big To Fail? (Bush)
Everything You Need To Know About Socialism in 20 Quotes
Thanks for the yawner. Mostly it’s only older, angry white guys who are affected by the label “Socialist”. But they don’t even know what “socialism” means, and young people don’t even look at it as a scary label anymore.
Your name calling is losing it’s effect very quickly in America. With Sanders on the rise, get used to the yawns.
One of the advantages of running a blog is I get to see these descriptive games. You only need to say clown car, or angry white men, or yawner. You don’t need an argument or clear line of thought. Just throw out angry white men and it’s game over. Stick a fork in it. Very persuasive. Now what was your point about socialism?
Those expressions are the last desperate gasp of a empty pocketed socialist getting his ass handed to him on the HBB.
Mafia is like that kid who is always last picked for the teams, yet he still thinks he is fast.
$6 a barrel!! lol!
Remember….. Nothing accelerates the economy and erases poverty like falling prices. Nothing.
Dallas, TX Housing Prices Crater 19% As Mortgage Defaults Balloon
http://www.zillow.com/north-dallas-dallas-tx/home-values/
One of the advantages of running a blog is I get to see these descriptive games. You only need to say clown car, or angry white men, or yawner. You don’t need an argument or clear line of thought. Just throw out angry white men and it’s game over. Stick a fork in it. Very persuasive.
Is this any different from “lol@lola” or calling posters pineapples or other ad hominem attacks which seem to be tolerated, if not outright encouraged in this blog?
Socialism and censorship?
Well those folks do employ more variety. There’s Lola, Liberace, panda, pineapple, mango, and a probably a few others that I can’t think of at the moment.
what was your point about socialism?
My point about older people’s name calling “socialism” losing it’s power (becoming a yawner) was a pretty clear line of thought, and supported by actual observations. It wasn’t just stupid name calling. That’s a big difference.
1. Most people nowadays scared about “socialism” and who use the label are older angry white men.
Trump’s angry white men – and why there are more of them …
http://www.theguardian.com › US News › Donald Trump
4 days ago - Trump’s angry white men – and why there are more of them than … White Americans feel more angry than black Americans, according …… How often in social media do we see assertions Obama is Muslim or socialist or both?
2. Younger people don’t care much about the “socialist” label. It doesn’t freak them out as it does older people.
Why Do Young People Like Socialism More Than Older …
http://www.npr.org/…/why-do-young-people-like-socialism-more-than-older-peo...
Nov 21, 2015 - There are two big reasons why millennials are embracing the political philosophy that presidential candidate Bernie Sanders preaches: the …
3. These are valid points.
I wonder if the fact that younger people all had roommates, airbnb, Uber…etc … sharing is more common these days.
Lola you failed to address Bananas post.
Try again.
You and Banana should get a room
Falling prices of all kinds and collapsing demand Lola.
“’When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.’ — Frederic Bastiat”
Or they create a persuasion system that entices peasants to remain peasants by convincing huge masses of totally dumbed-down peasants to voluntarily committing themselves to sending up the economic food chain huge portions of their paychecks each and every month for extended periods of time that may very well run into several decades.
A major tool utilized by this persuasion system is the term “wealth building”, a term that contains much truth and a few falsehoods - one falsehood being the direction of which this wealth building takes place, which generally is not at the source where the commitment by the dumbed-down peasant was made but instead is located somewhere near the top of the economic food chain.
A factor that makes this persuasion system so easy and wonderful for those positioned near the top of the economic food chain is the enormous number of sufficiently dumbed-down peasants who are willing - eager! - to borrow their way into these “wealth building” situations.
Such are their numbers and such is their eagerness that their appears to be no limit to the prices these dumbed-down peasants are willing to pay in order to “build wealth”, prices that they themselves ARE WILLING to pay but prices that they themselves CANNOT PAY.
Bahahahahaha … but not to worry, there is a method, a process, that enables these dumbed-down peasants to pay (and pay and pay and pay) and this method and process involves the insertion of a money man - a lender - in the midst of these wealth building transactions. This lender - this Miracle Man - allows the impossible to be made possible, the unaffordable to become affordable. All it takes is a few signatures placed above a few dotted lines and - presto! - the deed is done and the wealth building begins.
Bahahahahahaha … as a example to illustrate just how dumbed-down the Amercian population has become check out what Wikipedia has to say about this fictional lender:
“George Bailey is a fictional character and the protagonist in Frank Capra’s 1946 film It’s a Wonderful Life. He occupies slot #9 on the American Film Institute’s list of the 50 greatest screen heroes (in its 2003 list entitled AFI’s 100 Years… 100 Heroes and Villains). He is played by James Stewart as an adult and Bobby Anderson as a child. He is loosely based on George Pratt, a character in Philip Van Doren Stern’s The Greatest Gift.”
Bahahaha … the ninth greatest screen hero is a lender!
Bahahahahaha … dumb ‘em down, and profit.
Except George Bailey was going to jail for a long time because his AUDITED books didn’t balance. And bankers ATE their bad loans.
Today, he would just donate money to the obama administration, the AG would declare he is too big to fail/prosecute and he would instead get a huge bailout.
scared and angry!
**Did you see the Donald turned into a puppet with the “this is boring” hecklers? too funny!
“we find that holiday sales based on the BAC data were only up 1.1% yoy in 2015…. This is the slowest pace of holiday sales since 2011, based on the BAC data, suggesting that the consumer was cautious this year despite a supportive economic backdrop. Although it is hard to find a strong correlation with holiday sales and the next year’s consumer spending behavior, we believe that the sluggish holiday shopping season in 2015 suggests caution about the consumer outlook this year.”
http://www.zerohedge.com/news/2016-01-12/bank-america-confused-why-retail-spending-refuses-pick
Holiday sales numbers were sure kept quiet this year.
The warm weather subdued the shopping. (or so they say).
Last year it was the cold weather.
In the 1970’s the CA drought was caused by global cooling (according to Governor Jerry Brown).
Now the CA drought is caused by global warming (according to Governor Jerry Brown).
It’s easier to find a scapegoat (even if the connection is dubious) than to simply say that randomness plays a significant part in what we observe and experience.
I remember global cooling the 70’s. I was so pissed at the global cooling and freezing. You will forgive me if I am skeptical of global warming. I was a hard science major in the 70’s and paid a lot of attention to global cooling!!!
I remember global cooling the 70’s.
OK. And I remember automobiles and cancer treatments in the 70’s.
40 years in modern science and technology is an eternity.
I was a hard science major in the 70’s and paid a lot of attention to global cooling!!!
Really? You must have been a bad student.
Wikipedia? Seriously?
No better tool has ever been invented for rewriting history.
What a LolaFest u clowns have going.
dennis gartman is now saying oil could go to 15 after not to long ago saying it wouldnt go below 35. Why does cnbc keep this guy around?
Crude and refined petro prices have a very long way to fall yet.
Dennis who?
Competence isn’t a requirement to be a talking head.
Update: Crude Oil Falls To New 52 Week Low
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Crude is making new lows everyday.
This is a good thing for the economy right?
would you rather pay more so people have good jobs?
JEB! actually has an ad attacking Rubio on amnesty.
https://www.youtube.com/watch?v=hpBTTzsBlZw
Some of the comments are brutal, for example:
“EL SEÑOR JEB’S SECRET GUAC RECIPE:
1: Take a dump in an official signature ¡Jeb! guacabowle
2: Place balloon over rim of guacabowle.
2: Let ferment for one week, or until next Sunday Funday.
3: Remove balloon and inhale trapped gasses. If you begin having hallucinogenic visions of ¡Jeb! winning over a percent of the vote, allow to ferment for an additional week.
4: Serve contents of guacabowle over a bed of fresh Mexican rice. Top with Your choice of hot sauce. Señor Jeb recommends the (deleted) of a Mexican illegal immigrant. You can give the dish a Middle Eastern twist by using refugee (deleted) instead.
5: Enjoy mi amigo!”
How much more humiliation can a guy take? Talk about a glutton for punishment, lol. Oh, the humanity!
lol@pimps and gamblers
http://goo.gl/Upjas9
Looks like this whole well regulated militia thing is going to get expensive:
http://www.rawstory.com/2016/01/oregon-judge-plans-to-bill-ammon-bundy-up-to-70000-a-day-for-security-costs-to-county/?utm_source=fark&utm_medium=website&utm_content=link
These boys are going to lose their land.
Good. Hold those jackasses financially liable for the costs the county and state have to run up because of their antics. Why should taxpayers have to foot that bill?
looks good!
Federal Reserve sends record $97.7-billion profit to Treasury
The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury as the central bank’s vast holdings of mortgage-backed securities and other investments continued to produce a bumper crop of interest income.
On top of that, the Fed said it sent an additional $19.3 billion from a capital surplus account to help fund federal infrastructure projects under a controversial provision Congress included in a five-year highway bill in December.
Easy to show make-believe profits when you print $4 trillion in funny funny and hand it out to your banker cronies.
they need to buy more bonds so more cash is brought in to the treasury seems to be the message there.
What a Tuesday for Bernie Sanders. Sanders would beat Trump like a drum btw.
Poll: Sanders leads Clinton by 14 in New Hampshire
Politico - 1 hour ago
Bernie Sanders has soared to a 14-point lead over Hillary Clinton in the race for the Democratic nomination in New Hampshire, leading the former secretary of state in virtually every voting bloc, according to the results of the latest Monmouth …
Quinnipiac poll: Sanders surges to retake lead in Iowa
The Hill (blog) - 24 minutes ago
Bernie Sanders leads Hillary Clinton in a major Iowa poll for the first time since September, the latest sign the Democratic primary race is tightening between the two candidates. The Vermont senator wins 49 percent of likely caucusgoers …
MoveOn endorses Bernie Sanders
Politico - 3 hours ago
Bernie Sanders on Tuesday scored the endorsement of MoveOn, the liberal advocacy organization announced in a statement. The Vermont senator prevailed in online balloting that ran from last Thursday through Sunday night, winning 78.6 percent of the …
Joe Biden just trolled Hillary Clinton. Big time.
Washington Post - 1 hour ago
Joe Biden may well be the most honest man in Washington. That’s a very good thing if you are a member of the political press and, at the moment, not a very good thing if you are Hillary Clinton. Witness Biden’s interview Monday night with CNN’s Gloria …
Bernie v Trump - geee, might even get 405 of the pop to turn out and vote.
The trumplings will be out in force, that’s for sure. Hopefully they manage to refrain from assaulting anybody while waiting in line to vote.
Truck drivers only have Sundays off.
Curiously, in most countries election days are held on Sundays.
As for Joe Truck driver, most locales support mail in voting.
At least you understand who his base is.
Oh the delicious irony, if both candidates can tell the big money puppetmasters to pound sand, but for different reasons. Stick a fork in yourselves, Sheldon/Carl/George/Rupert/William/etc.
Lola,
Barney Sanders is pro-debt slavery.
“Joe Biden may well be the most honest man in Washington.”
Kinda like being the thinnest fat guy or the tallest midget.
Barney is a shill Potemkin candidate, soon to disappoint by backing off Hills or dropping out. I’d love to see Trump v. Barney though. Go Barney!
Will Obama throw Hillary under the bus?
Hillary so senile she doesn’t know where she is half of the time
Alzheimer’s, incontinence, cankles, that should rally the youth vote
Hillaryous is unelectable.
Hillary will be our next president. Thus the Oligopoly has ordained.
Are the sheeple finally wising up?
http://www.usnews.com/news/blogs/ken-walshs-washington/articles/2016-01-12/americans-are-abandoning-political-parties
All of a sudden I have a craving for baby back ribs.
“disgusting pork eaters”
Published on Jan 10, 2016
While the remaining German children in German schools are told to embrace multiculturalism, migrants in schools don’t even know what the word “integration” means. When asked by a teacher about what they think of the Germans, they reply that they think they’re “disgusting pork eaters” and outsiders. Not a single one of them has German friends. They ridicule a student for implying he has a German friend.
One migrant girl then goes on to say that nobody (in her neighborhood) would notice if all Germans would suddenly disappear for a day.
“Disgusting, pork eating outsiders nobody would miss … - YouTube
http://www.youtube.com/watch?v=0jD6CN6uGZs - 191k - Cached - Similar pages
1 day ago …
Diversity makes us stronger…
Mission Accomplished!
checkmate !
Soon ‘Muricans will have their own Merkel - Hillary Clinton. Another Soros stooge bringing us “fundamental transformation.”
Would that be a second fundamental transformation?
Nope. Just a continuation of the one that has been going on for the last five decades.
Remember, puppet-president Nixon (R) had globalist powerbrokers Kissinger and Rockerfeller over in China several times, paving the way to outsource all of our manufacturing.
Even as a young kid, I could not figure out why America was talking with a communist nation. Now I know.
Great article.
—————-
Greenfield: Why Feminism Failed Calogne’s Women
FrontPage | January 12, 2016 | Daniel Greenfield
Daniel Greenfield, a Shillman Journalism Fellow at the Freedom Center, is a New York writer focusing on radical Islam. Big Feminism, fresh from fighting pitched battles against swimsuit posters in European subways and other phantoms of “rape culture”, failed the women who were attacked by violent Muslim migrant mobs in Cologne, Berlin and Hamburg who were the products of an actual rape culture dating back to Mohammed’s injunction to his men that Muslim women must wear burqas to avoid being “molested” while non-Muslim women captured in the House of War could be raped by Muslim Jihadis at will.
The hundreds of women who were attacked in a single day by Muslim mobs are inconvenient victims. Like the Peace Corps workers abused by the locals or female activist raped by the Palestinian Muslims they came to help, their stories don’t fit the intersectional paradigm and have to be covered up in a politically correct burka.
Big Feminism joined with the left in crying for the migration of a horde of young Muslim men from a culture where sexual assault and harassment are ubiquitous to the cities of Europe. Feminism forcibly introduced the women of Europe to their rapists and then left the grinning mobs to get on with their work. Now it complains that the women it victimized are a distraction from the much more important conversations it would like to have about convincing everyone to fight rape culture by buying forty dollar “I Am a Feminist” t shirts.
Underneath feminism is the rotten leftist creed that all evils originate with the West. It is as impossible for a mainstream feminist in good standing with the political sisterhood to acknowledge what truly happened in Cologne and commiserate with the victims as it was for a Communist to admit that there was no food because a centralized bureaucracy of senile Socialist civil servants is not the best way to run an economy. They cannot even truly admit the crime until they have redirected the blame to that old standby boogeyman on which all Muslim atrocities since the Gates of Vienna have been blamed; failure to integrate due to European intolerance.
Gay, feminist and liberal Jewish and Christian groups worked overtime to fill their countries with the demographic most likely to commit hate crimes against them. Like Big Feminism, these other arms of the left sold out the groups they claimed to represent for the larger agenda of the left.
The left does not help women. The left only helps the left. Beneath the slick advertising, the artsy designs that lend the illusion of the personal to the impersonal and the touching video narratives is the soul of an ideological machine whose acolytes are trained to allocate empathy in tune with a rigid set of rules that are as inflexible as any Soviet commissar’s handbook.
Big Feminism, along with the rest of its leftist partners, created the conditions that led to the Muslim attacks on women on New Year’s Eve. And feminists are leading the cover up of the crisis they caused and continue to worsen by advocating for even more refugee admissions.
I think Nancy Drew should be a cross dressing Latino male with the opening scene of the new series in a girls rest room with Nancy standing with her dress lifted up and urinating on a toilet seat.
CBS’ Nancy Drew Will Be Diverse
January 12, 2016 9:48am PT by Lesley Goldberg
CBS’ new Nancy Drew will look very different should the network move forward with the reboot.
CBS Entertainment president Glenn Geller revealed Tuesday that the network’s reimagining of the iconic character will be diverse.
“She is diverse, that is the way she is written,” the executive told THR immediately following his time in front of the press at the Television Critics Association’s winter press tour Tuesday. While Geller said it was too early in the process to explain just what he meant by diverse — whether Nancy is African-American, Asian-American or Latino, he said it would hinge on finding the right actress for the part. “[She will] not [be] Caucasian,” he stressed. “I’d be open to any ethnicity.”
http://www.hollywoodreporter.com/ - 249k -
Your delicate white pride must be so offended.
“Your delicate white pride must be so offended.”
Don’t you guys ever joke around when your going over the talking points in the morning or do they dock you for that?
“Shills exist,”
“They are real. They walk among you … You should be aware of this.”
“Don’t you guys ever joke around”
We do, we just do it with more intelligence and compassion.
Snowflake!!!!!!!
That’s was more or less what I was thinking. The news that there is going to be a non-white Nancy Drew isn’t material for humor. There’s nothing funny that comes to mind about it.
“The news that there is going to be a non-white Nancy Drew isn’t material for humor. There’s nothing funny that comes to mind about it.”
How about an Asian-American Little Orphan Annie, could we find some humor in that?
No, there’s nothing there either. It’s like Cankle and Mafia referring Bernie as Barney.
I didn’t know Muggy worked with you, I thought he was a teacher.
“No, there’s nothing there either. It’s like Cankle and Mafia referring Bernie as Barney.”
So what you’re saying is an Asian-American Little Orphan Annie would be funny.
” not [be] Caucasian,” he stressed. “I’d be open to any ethnicity.”
Won’t this give some Caucasian peoples an identity crisis if they are not in an ethnicity?
They should make Pat the star of the new Nancy Drew.
https://en.m.wikipedia.org/wiki/Pat_(Saturday_Night_Live)
on the other hand….
All in all, things are looking good for the U.S. economy, Federal Reserve Bank of San Francisco President and CEO John Williams said in Santa Barbara the morning of Jan. 8.
Despite China’s market uncertainty and the global volatility, Williams doesn’t expect that to have a major impact on the U.S. economy. He pointed to positive job growth, close to full employment and consumer spending increasing at a solid pace, especially in regard to auto sales.
“The market turmoil or volatility is not something that directly affects my outlook right now,” he said during a California Bankers Association event at the Four Seasons Biltmore. “To be honest, what’s happening with global commodity prices and the dollar have a bigger effect on the U.S. economy than the Chinese stock market.”
The Fed’s decision to slightly bump interest rates in December was the right move, Williams said, and will allow the U.S. central bank to keep future hikes gradual.
The Federal Reserve is helping the economy slowly adjust to higher interest rates than it has seen in seven years. While the balance sheet has swelled to more than $4.5 trillion, officials will likely take five or six years to reduce it to a more normal size, Williams said.
“Our plan is to shrink the balance sheet ‘organically,’ if you will, through the maturation of assets,” Williams wrote in prepared remarks. “It’s likely going to take at least six years to get the balance sheet back to normal, which is in keeping with the overall approach to removing accommodation gradually.” “Normal” translates to around $1.5 trillion, he said.
While Williams expects the unemployment rate to decline to around 4.5 percent by mid-year, he was less optimistic about the labor force population rate, which he said was unlikely to rebound to a more normal level. He cited the aging population, the increase in single-income families and the younger demographic working less. Marginal workers have decreased by 20 percent in the past year alone, Williams said.
“Their reentry rate back into the labor force has actually fallen,” he wrote. “When you combine this with the aging workforce, it looks unlikely that participation will rise.”
While inflation is too low at 0.5 percent and below the Fed’s 2 percent target, it should increase as the economy strengthens, Williams said. He expected it to be near the target by the end of next year.
“Looking ahead, as the effects of the dollar and oil prices ebb and the economy strengthens further, I see inflation moving back up and expect that we’ll be at or near our 2 percent target by the end of next year,” Williams wrote.
FedRes/fail.
since I know your not doing much today why don’t you dig around and try and find the amount of treasuries by maturity date they have.
It would seem like they would have a lot of 10 year treasuries. So it could take awhile before these assets mature.
Collapsing demand my friend. Collapsing demand.
No comment needed……
http://www.zerohedge.com/news/2016-01-12/meanwhile-chicago-120-people-shot-first-10-days-2016
No Obama tears for them.
Too easy for some not to click the link.
Chicago police spokesman Anthony Guglielmi released a statement blaming most of the violence on “chronic gang conflicts.”
“Every year Chicago Police recover more illegal guns than officers in any other city, and as more and more illegal guns continue to find their way into our neighborhoods.”
So the problem is smuggling of illegal guns, got it. What is the proposed solution?
“So it is clear we need stronger state and federal gun laws,” Guglielmi said in the statement.
Because those who illegally procure guns will follow gun purchasing laws, and the only thing preventing them from doing so is not enough laws? One can almost see why Chicago’s gun problem is getting worse by the day.
The statement continues:
“So far this year, the majority of the gun violence we’ve seen are a result of chronic gang conflicts driven in part by social media commentary and petty disputes among rival factions. Despite an overall lack of cooperation from gang members, detectives are working aggressively and making optimistic progress in several cases.”
At least 2,986 people were shot in Chicago in 2015. Many more will be shot - by illegally obtained weapons in a city with unprecedented gun control - in 2016.
Tuesday, September 17, 2013 by: Jonathan Benson, staff writer
Tags: internet trolls, chat rooms, federal government
Then there is the occasional confession by a former employee of the government who fesses up about what is really taking place in secret behind the scenes. A recent public posting on a “conspiracy theory” forum — conspiracy websites are typically the most heavily targeted by government officials — admits that individuals are constantly being recruited and hired by shadowy groups and government-affiliated agencies to manipulate online discussions.
“Shills exist,” writes this anonymous ex-shill following a lengthy explanation of how he was hand-selected to pose as a normal commenter and basically lie on forums and in comment sections. “They are real. They walk among you … You should be aware of this,” he adds.
Learn more: http://www.naturalnews.com/042093_internet_trolls_chat_rooms_federal_government.html#ixzz3×43Jp7qX
Update: Crude Oil Falls Into The $20 Range
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Crazy, fiscally conservative liberals!
The Legislative Analyst’s Office on Monday gave a favorable review of Gov. Jerry Brown’s proposed 2016-17 budget, particularly approving of his plan to dramatically boost the state’s reserves.
The governor would double the size of budget reserves to $10 billion, placing $2 billion into the state rainy day fund in addition to the $2.6 billion that the law requires be deposited over the next two years.
Budget reserves and rainy day funds are communist.
There is no reserve Lola. It’s all debt and MT Pockets like you.
The State Of The Nation: A Dictatorship Without Tears
by John Whitehead via The Rutherford Institute
http://www.zerohedge.com/news/2016-01-11/state-nation-dictatorship-without-tears - 178k -
What’s preferable - a dictatorship with tears or a dictatorship without tears?
What’s preferable
Repentance.
Yet as Barack Obama’s tenure in the White House shows, no matter how much hope and change were promised, what we’ve ended up with is not only more of the same, but something worse: an invasive, authoritarian surveillance state armed and ready to eliminate any opposition.
The state of our nation under Obama has become more bureaucratic, more debt-ridden, more violent, more militarized, more fascist, more lawless, more invasive, more corrupt, more untrustworthy, more mired in war, and more unresponsive to the wishes and needs of the electorate. Most of all, the government, already diabolical and manipulative to the nth degree, has mastered the art of “do what I say and not what I do” hypocrisy.
an invasive, authoritarian surveillance state armed and ready to eliminate any opposition…The state of our nation under Obama has become more bureaucratic, more debt-ridden, more violent, more militarized, more fascist, more lawless, more invasive, more corrupt, more untrustworthy, more mired in war, and more unresponsive to the wishes and needs of the electorate.
Thanks for your overly-long litany of your ongoing delusion. Phony.
Ah the delicious irony of Putin’s zerohedge bemoaning a dictatorship.
“93% Of American Counties Haven’t Recovered From The Recession”
http://www.zerohedge.com/news/2016-01-12/93-american-counties-havent-recovered-recession
Helluva job Obama. Now we’re looking down the barrel of another recession of epic proportions.
It shall be the recession to end all recovery’s.
Oligopoly puppets vote as ordered.
https://www.rt.com/usa/328685-fed-audit-fails-senate/
For the benefit of retards, here are 140 broken Obama promises from previous SOTU bloviations.
https://grabien.com/story.php?id=45618
Check out the first promise:
Curing cancer (promised 2009, 2010, 2015)
This tells you that the list is nonsense. You found another dopey website, Ray.
Ray needs to blame someone, he cant he responsible for his own failures.
angry and afraid!
Vermont Senator Bernie Sanders, an Independent currently vying for the Democratic presidential nomination, voted in favor of Paul’s proposal.
Cruz (R) did not even show up.
referring to Audit the Fed bill
Please Barney, keep surging in Iowa!
SOTU = Entertainment Tonight.
Jeb! is a sad panda tonight.
Yea! Make America Great Again!
Sorry, I got carried away.