Bits Bucket for January 13, 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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Name:Ben Jones
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Is the Auto Loan Bubble Ready to Pop?
http://mises.org/library/auto-loan-bubble-ready-pop
“While the media claims that this record has been reached because of drastic improvements to the US economy, they are once again failing to account for the central factor: credit expansion.”
“In order to generate more vehicle purchases, these companies have incentivized consumers with hot, hard-to-resist offers, similar to the infamous ‘liar loans’ and ‘no-money down’ loans of the 2008 recession. Dealerships have increased spending on sales incentives by 14 percent since last year alone, and the banners in their shops now proudly proclaim their acceptance of any and all loan applications — ‘No Credit. Bad Credit. All Credit. 100 Percent Approval.’ As a result, auto loans have increased by nearly $80 billion since 2009, many of which have been given to individuals with far-from-stellar credit scores. Today, almost 20 percent of all auto loans are given to individuals with credit scores below 620″
Note: The commitment to buy is made at the signing of the loan agreement and this is when the sale is booked.
But the commitment to buying is not the same as actually buying; Actually buying is when one takes title to whatever it is that he is buying and can be considered an event while entering into a commitment to buying is entering into a process of buying - a process rather than an event - and this process can last for years.
And because the buying process can last for years money that would otherwise be available in the future for future buying will not be available then because this future money has already been committed to purchase agreements that have been entered into in the present.
What is wonderful about buying on credit is one can buy something with money that hasn’t yet been earned.
What is terrible about buying on credit is one is committed to paying out money that has yet to be earned.
Same coin, different sides.
Everyone in So Cal leases a new car.
I would too, who wants a 6 yr old computer on wheels that only the dealer can repair?
What is terrible about buying on credit is one is committed to paying out money that has yet to be earned.
Brilliant synopsis.
Yes.. that’s why there are so many people driving around Southern California with “new cars.”
My roommate did that. Then he lost his job. Now he’s stuck with a lease for two more years on a car he barely drives as well as the insurance payments. And no income.
CHE- his problems are a lot more than the lease if he has no income.
Uber? collect cans?
Lease = fleece.
Looking forward to paying cash at deep discount for a late model used car in default at some point over the next few years.
cars are grossly overpriced.
What is the limit to which the lenders can extend the loan length to keep payments down?
Why has alcoa used one time charges in the last 20 quarters?
cars are grossly overpriced.
It’s even worse in Europe, comparable cars seem to cost 30-40% more over there. At least here we are allowed to drive beaters. In Europe .gov has made it cost prohibitive to drive a clunker. As a car gets older it has to jump through more and more inspection hoops and have unneeded mandatory repairs performed until it reaches the point where it’s just cheaper to get a newer car.
Meanwhile, back in the US where it matters;
“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….. nothing collapses demand and destroys the economy like grossly inflated, rigged and bottlenecked prices. Nothing.
I guess GM raised its dividends and announced another 4 billion in stock buybacks to prop up the stock.
“Cars are grossly overpriced”
TRUE!! New AND USED.
So is there any news out there about high default rates on car loans? If there is isn’t, it’s unclear what the fuss is all about.
Collapsing demand Snowflake. Collapsing demand.
We first have to get into the next recession before subprime auto loan defaults spike.
In due time. ..
These subprime auto loans are backstopped by the Fed’s printing press and middle class taxpayers, so it’s all good.
yeah I noticed those loans are being packaged up and sold like home loans now. Remember traunches?
I have to laugh at some of the chevy truck prices now.
For < 5k I could put a new motor and tranny in my gmc and drive it for another 200k miles.
Its kind of like folks who think their phones are a status symbol.
you forgot, AC, suspension, rear end, window motors, paint and new seats….
the car of the yr is $159 a mo. if u cant afford that you should be working, not on here.
How are you getting $159/month? Leasing? Leasing is crap.
Honda Civic. Made in “North America.” Ja ja, Mehico.
leasing: just add gas and drive it like you stole it.
add up all your repair costs and deprecation, i am sure you lost more then the lease and u did not have a new, shiny car getting 35mpg
relax - it is just math
I’ve had my car for about 5 years, low mileage (short commute), probably lost about 40% of value in depreciation based on low mileage and KBB value, and haven’t had any major repairs, just routine maintenance stuff. Call that another 5% of purchase price (again due to low mileage/little wear and tear).
The lease rate for the same model for a 3-year lease, plus the first 2 years of the next 3-year lease would have cost me a shade more than 60% of the total price (even pro-rating the money down).
Leasing makes sense if:
1. You can write off the cost as a business expense;
2. Drive a large number of miles (and that depreciation curve is steep); and/or
3. You don’t ever want to drive a car that’s more than a few years old.
If don’t drive a lot, and are OK driving a 5+ year old car, buyer makes more sense.
I figure I’ll drive mine into the ground, or until my 8-year old gets her driver’s license–nice safe car for her first.
Lola invokes the word math but never seems to be capable of performing it.
You can write off the cost as a business expense
bingo
My car will hit the five year mark next January. It’s Japanese, runs great, and I will probably hang on to it for at least another five years.
We will trade in the family mini-van for something more economical, to be purchased at fire sale prices during the next recession.
Still waiting for October 1, when Dodd-Frank credit risk retention kicks in for auto loans. Finance will have to keep 5% of their loans, with pretty stringent requirements to be exempt. Between looming regs and cheap gas, it’s no wonder they are pulling demand forward.
96 months? not a gag
http://www.marketwatch.com/story/96-month-car-loans-wreck-your-wallet-2013-04-12
I’m still waiting for Sarbanes Oxley to kick in.
Neutralizing unfriendly pieces of Dodd Frank is a cottage industry in DC.
It sounded good when people were watching, but the defanging is done quietly and continuously.
Privatize the profits, socialize the losses. Not a business model anyone sane would give up if they didn’t have to.
similar to the infamous ‘liar loans’ and ‘no-money down’ loans of the 2008 recession.
There is one difference between these markets: repo men have never been shy or slow about taking back a car after the payments stop rolling in.
Of course, on a historical basis, this was true of housing as well.
Will we see an underwater-autos lenders bailout package??
Most of Hillary’s proposals could already have been put into effect by the Fed and the Securities and Exchange Commission, but they haven’t been – presumably because of the Street’s muscle.
As a practical matter, then, her proposals are invitations to more dilution and finagle.
The only way to contain the Street’s excesses is by taking on its economic and political power directly – with reforms so big, bold, and public they can’t be watered down. Starting with busting up the biggest banks, as Bernie Sanders proposes.
More than a century ago, Teddy Roosevelt broke up the Standard Oil Trust because it posed a danger to the U.S. economy. Today, Wall Street’s biggest banks pose an even greater danger. They’re far larger than they were before the crash of 2008.
To paraphrase philosopher George Santayana, those who cannot remember they were screwed by Wall Street are condemned to be screwed again.
http://www.salon.com/2016/01/13/robert_reich_wall_street_and_the_gop_are_trying_to_rewrite_history_partner/eet are condemned to be screwed again.
More than a century ago, Teddy Roosevelt broke up the Standard Oil Trust because it posed a danger to the U.S. economy. Today, Wall Street’s biggest banks pose an even greater danger. They’re far larger than they were before the crash of 2008.
The difference being, Standard Oil didn’t own the Republicrat duopoly, but the banksters have turned both parties into their prison bit*ches.
Yet Bernie wants to go after them. Must be a few free range politicians left.
Bernie watered down Ron Paul’s “Audit the Fed” bill that would have revealed the true extent of the Fed’s racketeering with its bankster cohorts. The prosecution rests….
Yet his bill passed and did shed some significant light on the bail out.
He also proposes greater scrutiny of the FED now and preventing anyone associated with banking from serving on it’s board.
He also supports breaking up the banks which no other candidate has suggested. This would greatly reduce their clout in Congress.
Bernie watered down Ron Paul’s “Audit the Fed” bill that would have revealed the true extent of the Fed’s racketeering with its bankster cohorts
You probably have no evidence that that was his reason.
“He also supports breaking up the banks which no other candidate has suggested. This would greatly reduce their clout in Congress.”
Bahahahahahahaha … on this blog the jokes never stop coming.
“… but the banksters have turned both parties into their prison bit*ches.”
Bahahahahahahaha … they are my parties but you can cry if you want to.
Raymond K Hessel: but the banksters have turned both parties into their prison bit*ches.
Both politicians and banks want money and power. So, they’ve formed a symbiotic relationship to help each other gather both.
seems easier to deal with, they repo the car if they don’t pay.
maybe used cars will get cheaper?
R u gonna buy the China dip?
Marketwatch dot com
China shares slide, closing below 3,000 for first time since summer slump
By Chao Deng
Published: Jan 13, 2016 3:38 a.m. ET
Shares elsewhere in Asia rise as yuan stabilizes
China’s exports fell in dollar terms in December.
China shares took a late-day tumble Wednesday, with the Shanghai Composite Index closing below the 3,000 level for the first time since August, even as a steadier yuan helped shares elsewhere in the region recover.
The Shanghai Composite Index (SHCOMP, -2.42%) finished down 2.4%. at 2950.21. Its losses accelerated in the last hour of trading, with the benchmark now less than 23 points off from its summer low on Aug. 26.
…
http://www.businessinsider.com/difference-between-onshore-and-offshore-renminbi-2013-2
“According to ECR Research, “China’s currency is officially called the ‘renminbi.’ The yuan is the unit of account.” The Chinese currency was officially named “renminbi,” which means “the people’s currency” in Mandarin, when it was first issued in December 1948 with the establishment of the People’s Bank of China. Though the official abbreviation is “CNY”, the abbreviation as “RMB” is very common too. Yuan is also referred to as “kuài” in spoken Chinese.
“Yuan” is the unit of account which means that the currency is denominated in 1 yuan, 2 yuan, 5 yuan, 10 yuan, 20 yuan, 50 yuan, or 100 yuan, though the paper money also comes in smaller denominations like fen and jiao. One yuan = 10 jiao = 100 fen.
Some popular analogies given to explain the difference between yuan and renminbi are drawn from British pound sterling and pound or Federal Reserve notes and US dollar. Any expression of price is always in dollar, pound, or yuan and not Federal Reserve notes, sterling, or renminbi. So the price of any commodity or transaction would be $120, £100 or ¥150.”
https://en.wikipedia.org/wiki/Chinese_yuan
Yuan to buy some devaluing currency?
short china, aim for making 2% a week on your bet. have fun, dont gamble with money you cant afford to lose. I put $10k in at and I am almost break even, got in too early.
Yes, after it dips some more…..it may be dippy enough in July or August, but Oct always holds the most promising dips..
Is Hillary going to be breaking the china because Barney is surging? Or will Barney be revealed for the shill that he is? Either way Trump wins.
George Soros endorsed Bernie Sanders. Got fundamental transformation?
Barney Sanders is pro-debt slavery.
Correction: Soros backed Hillary Clinton. Soros OWNS Hillary Clinton. Soon ‘Murica shall have its own Frau Merkel bringing Soros-sponsored fundamental transformation.
http://www.reuters.com/article/us-usa-clinton-soros-idUSBRE99N0UW20131024
So the Goon just made that up about Soros and Sanders. I wonder if that was intentional, or if these references to Soros are a symptom of a kind of Tourette’s syndrome.
Goon has Terminal Trumpling Tourette’s.
No, Soros is supporting the entire puppet show. The extreme left-wing Sanders puppet is supposed to make the slightly-less-left-wing Hillary puppet look like a moderate in comparison.
There’s no evidence of that either.
My puppet can whip YOUR puppet! Put your puppet out here, and Ill provide evidence.
There will be evidence soon, if Barney starts polling ahead of her or wins one or two then takes a dive!
Just as Eric Holder refused to hold the TBTF banks accountable because he didn’t want to create “systemic risk” (i.e. uphold the law for the .1%), so too will AG Lynch have to find creative new excuses for sweeping Hillary’s crimes and influence-peddling under the rug.
http://theantimedia.org/former-federal-prosecutor-says-hillary-clinton-indicted-60-days/
the prosecutor is a Republican appointed by Reagan. Sorry, not holding my breath.
Hillarious will NOT be indicted.
Free Corzine!
I cannot decide for whom I should vote: Sanders or Trump.
Either way, they will each have about the same effect…..little to none, which is the way I like my government leaders. Effectless.
Bahahahahahahahahahahahahaha.
FoxNewsHate rallies the base:
“Iran’s Revolutionary Guard released 10 U.S. Navy sailors who were detained after two small Riverine boats drifted into Iranian territorial waters, Iranian state media reported Wednesday.
There was no immediate confirmation from the U.S. that the sailors had been freed and it was unclear whether the two countries had made a specific arrangement to secure the sailors’ release. A U.S. official told Fox News earlier Wednesday there was no set timetable for the sailors’ release.”
Note that “Iranian territorial waters” is mentioned almost as an afterthought.
Were it not for neocon ideology, there would be no reason for involvement with Iran.
No “lower taxes” or “less regulation” or “smaller government” happening here…
I went to the Washington Times website (published by the Unification Church, yes, the Moonies) for some Iran news and found the following articles under the section titled “Threat Assessment”
Hamas still tunneling from Gaza to Israeli border: Border tunnels part of mass terror plan
http://www.washingtontimes.com/news/2016/jan/12/l-todd-wood-hamas-still-tunneling-gaza-israeli-bor/
Russia arming Hezbollah: Russian-Iranian-Syrian axis now complete
http://www.washingtontimes.com/news/2016/jan/11/l-todd-wood-russia-arming-hezbollah/
Why are American taxpayers expected to pay for this?
“Deficits don’t matter” — Vice President Dick Cheney
“Don’t vote for me if you’re tired of war” — Senator Lindsey Graham
Lucky for the US sailors, Iran doesn’t waterboard and doesn’t have Guantanamo either.
Yeah - they just hang you in the public square.
For leaving the state religion.
https://en.wikipedia.org/wiki/Youcef_Nadarkhani
or being gay
https://en.wikipedia.org/wiki/Mahmoud_Asgari_and_Ayaz_Marhoni
or for resisting getting raped.
http://www.independent.co.uk/news/world/middle-east/final-message-of-woman-executed-in-iran-for-killing-attempted-rapist-dear-mum-dont-cry-9820117.html
https://electronicintifada.net/content/you-cant-report-truthfully-israel-without-facing-its-wrath/15131
I read the other day the US military dropped something like 30,000 bombs on Muslim countries in 2015. Or maybe it was 50,000, but who’s counting, right!
I saw this headline too:
Over 52,000 Killed in Iraq During 2015
Is that a lot of people? It’s nowhere near how many died in Syria last year. Oh, it’s hard to be humble when you are exceptional.
It’s about 15x the number that died when the world ended on 9/11. Brown people aren’t worth as many points though.
The Anti Defamation League is not a civil rights organization:
http://www.counterpunch.org/2013/06/12/adl-spies/
Did I miss the part where obama bombed Iran?
And remember - if you think all muslims are arab, short and brown.
You are a racist.
Of course I’m a racist. Everybody is. The only difference is in how well we suppress it.
Mission Accomplished in 2003 I thought.
The Indonesian diplomat says that he could not fulfill his mandate because Israel has adamantly refused to give him access to the Palestinian people living under its military occupation in the West Bank and Gaza Strip.
I know one country protesting this kind of stuff. And it’s getting ugly fast.
Netanyahu to Brazil: Settler leader only ambassador we’ll offer
The Times of Israel - 2 hours ago
Relations between Israel and Brazil have remained strained since August when Brasilia hinted that it would not accept West Bank settler leader Dani Dayan as Israel’s next ambassador to the country.
http://sputniknews.com/latam/20160113/1033053994/brazil-israel-ambassador.html#ixzz3xBP824JF
Brazil was apparently angered by Israel’s choice of a settler leader and for announcing his appointment without any prior notification to its Foreign Ministry.
“Having realized that Dani Dayan will not be accepted by Brazil, the Israeli government will now send him on a diplomatic mission elsewhere, most likely to an Israeli consulate in the United States, Samuel Feldberg, a Sao Paulo University professor and a respected member of the local Jewish community, told Radio Sputnik on Tuesday.
Brazil previously contacted the Israeli government through diplomatic channels stating that President Dilma Rousseff was not happy about Dayan’s appointment because of his ties to Jewish settlements in the West Bank and because he lives in one of these settlements.
Anyone who’s thinking of moving to Iran can keep all of that in mind.
Ding Bat Joe Scarborough said they were hijacked. Seems a more appropriate description of a boat adrift at sea is —RESCUED by Iranians
Rape-Hoaxer Lena Dunham Touts Campaign Fashion While Stumping for Hillary:
“During one of her multiple stops in New Hampshire and Iowa over the weekend, Dunham made a feminist pitch to audiences of mostly young women about why they should vote for Clinton, according to The New York Times.
“I find her conviction very moving and her tenacity astounding,” Dunham told crowd inside an Iowa City coffee shop.
On whether or not she is voting for Clinton simply because she is a woman, Dunham was also quoted as saying, “This assumption is condescending at best and it is sharply misogynistic at worst.”
http://www.breitbart.com/big-hollywood/2016/01/12/2760279/
“This assumption is condescending at best and it is sharply misogynistic at worst.”
And to suggest Trump voters are voting for him because he’s white, racist and has fascist tendencies is a gospel.
Hillibots to the left of me… Trumplings to the right
Here I am, stuck in the middle…oh, never mind.
“This assumption is condescending at best and it is sharply misogynistic at worst.”
That’s a pretty good description of the assumption.
Southern Poverty Law Center
Red State men cast their wife’s vote too.
Oh dear, Better Beaters
Couple assaulted by group of teens at Metro station in unprovoked attack
By: Marina Marraco
Posted:Jan 11 2016 10:41PM EST
WASHINGTON - Two more victims have come forward in another violent attack at a Metro station. It is the latest in a string of violent assaults happening in the transit system.
“I don’t know exactly what was happening,” said one of the victims. “I heard my girlfriend screaming.”
“I think there were about ten kids who were just all attacking us,” said the girlfriend.
It was 9:30 p.m. Saturday night on January 2. The couple was waiting for a train at the Metro Center stop after spending a night at the movies. They were sitting on a bench when he was sucker-punched from behind and suffered a loss of vision.
“It all happened very quickly, and then they were just hitting us both in the face and head,” said the female victim.
They said the attack was unprovoked.
“We literally said nothing to them,” said the boyfriend.
The male victim had two black swollen eyes, welts on his head and bruised wrists from shielding his face. His girlfriend was left bleeding with a split lip.
“It was pretty quick and direct,” he said. “They came up – I noticed they had scarves over their face – they said a few words about my shoes, about getting up, if I wanted to give them my seat, and then before I had a chance to respond, that is when they just started attacking.”
http://www.fox5dc.com/news/local-news/73022524-story - 117k -
Got fundamental transformation? LOLZ
“They came up – I noticed they had scarves over their face – they said a few words about my shoes, about getting up, if I wanted to give them my seat, and then before I had a chance to respond,”
Hey dumb@ss
I realize they don’t teach this in Better school, but when 10 thugs wearing scarves over their faces walk up to you and your girlfriend while you are sitting on a bench waiting for a train…
THAT IS YOUR CHANCE TO RESPOND!!!
I love the smell of “check your privilege” in the morning.
“I realize they don’t teach this in Better school, but when 10 thugs wearing scarves over their faces walk up to you and your girlfriend while you are sitting on a bench waiting for a train…
“THAT IS YOUR CHANCE TO RESPOND!!!”
So, now they know.
As they say, School of Hard Knocks.
They can be considered lucky in that the tuition they had to pay in order to learn a valuable lesson regarding the subject of Hard Knocks was somewhat inexpensive.
Here is the online course.
http://www.youtube.com/watch?v=Dg7X5_K7LhE - 334k -
20 years ago I went to a bachelor party across the border in Mexico. On the way back across with a friend we saw two others from our party set upon by 20 young teenage thugs who took them down from behind. We ran to assist. These guys were small and stupid and likely sniffing glue. We connected solid a number of times and then came a hailstorm of rocks. The border patrol drove by slowly with 6 in an SUV obviously looking for someone and they scattered. They wouldn’t wait for us to drive out. So as soon as they drove off the glue sniffers returned. We got the wounded into the car and I rode out holding the front windshield under a hailstorm of rocks.
The wedding picture is one to remember, stitches, slings, bruises. The rental car didn’t fair much better broken windshield and side window. Pretty hard to win when you are that outnumbered. I was happy all of us survived. Three rules to follow don’t stop moving, cover your back, and what ever you do don’t fall down.
Were they throwing the rocks with love?
PS
Kudos to you two on going to help the other members of your party.
Think these are all isolated crazies or “lone wolf” incidents? Not even close. For each of these there is a network of radical jihadi hate surrounding the shooter, and traceable back to the mosque.
http://abcnews.go.com/US/woman-warns-philly-police-alleged-cop-shooter-part/story?id=36200212
There is a small but significant percentage of mosques being used for this. But kneejerkers refuse to acknowledge this fact.
I didn’t realize a CT US representative’s staff member was murdered in the DC metro in the middle of the day during the summer.
On the washingtondc subreddit there have been a few stories from people attacked on the metro.
Makes me not want to ride it, that’s for sure.
It would be nice if a few of the attackers could get shot at random.
Washington DC’s strict gun-control laws and see-no-evil municipal authorities and media mean the thugs know they can caper and maraud with impunity. If they tried that in my AO thugs would be showing up with great regularity at the hospital or morgue presenting gunshot wounds.
Spent a few days in DC, biked about 100 miles around the area, and never did find the terrifying urban hellscape I was expecting. Mostly boring suburbs. The east got a little grungy, but no ghetto.
The metro must be where it all happens. Never went down there.
Try riding your bike in South Central L.A. at night.
When I worked in Compton I used to bike to work - but that was during the daytime. No way would I have biked to Compton at night.
That’s an odd response to his statement about DC. You’re saying that there are neighborhoods in American with high crime rates? Thanks for the information.
I’m suggesting that D.C. may be a different place at night than it is in the daytime, just as South Central or Compton is a different place at night than it is in the daytime.
That could be. I was only out one night once, was riding on trails along one of the streams down from Silver Spring. Ate many fireflies, then got suddenly rained on, and watched the creek flood over parts of my trail.
I wasn’t quite sure where I was, had no light, and I couldn’t use my phone to navigate because the touchscreen doesn’t work wet. The phone did helpfully relate a flash flood warning, which added quite a bit of zing to the rest of the ride.
Overall I thought it was a beautiful place, if a bit blah.
Can no one tell us whether there are ghettos in DC?
How sheltered is the Scrotalizer?
Apparently there is an app for that called SketchFactor.
http://valleywag.gawker.com/smiling-young-white-people-make-app-for-avoiding-black-1617775138
Northwest DC is suburban and relatively safe. Northeast is sketchier. Southeast is the highest crime area.
84 month loans
Is gm paying back the billions it owes
They must have been waiting for a Blue or Orange line train downstairs. On the Orange/Blue line at Metro Center, the platform is in the middle with the trains on the outside. The benches are place back-to-back in the middle of the platform. That’s why this guy could be struck from behind.
[on the other hand, the for the Red Line, the trains are in the middle with two platforms on the outside. In that case, the benches are against a wall.]
why are all the stock analysts turning their heads to the bogus earnings reports again?
Hillary’s debate song
An’ here I go again on my own
Goin’ down the only road I’ve ever known,
Like a hobo I was born to go alone
An’ I’ve made up my mind
I ain’t wasting no more time
But, here I go again,
Here I go again,
Here I go again,
Here I gooooooh…
Whitesnake is racis
Can you visualize oil at $10 or even $0 a barrel?
$12 is the floor and it will hang around $15 for a decade or more.
Oil has a long way to fall yet. Much like housing.
your boy dennis gartman says oil has bottomed today.
That’s like saying housing bottomed.
GARTMAN BOY
Get those muffler bearings inspected soon Poet.
i figured out why your boy still has a job spouting BS on tv every day:
http://www.cnbc.com/courtney-gartman/
She’s quite the strumpet Poet.
“…courtney-gartman…”
Lemme guess: blonde/brunette?
Marketwatch dot com
Oil at $10 a barrel — maybe even under $0? Analysts play ‘how low can you go’
By Victor Reklaitis
Published: Jan 13, 2016 7:13 a.m. ET
Getting paid to hold crude? Perhaps, due to storage problems
Oil forecasting in 2016 often looks like a game of “how low can you go.” Do we have a winner now?
Few in 2014 called oil below $30 a barrel — and yet there we are this week. And that lack of prescience hasn’t stopped analysts from continuing to consult their crystal balls.
For many, it now looks like a game of “how low can you go?”
…
its like a game of limbo at this point.
why is spanos trying to extort the city of san diego for more money? Seems like a real douchbag.
Why do you hate capitalism?
I guess the last option on the table for nfl owners is to threaten to leave the city if taxpayers don’t pony up for new facilities. Billionaires fleecing taxpayers is nothing new I guess.
Check out HES.
Republican Haley Takes Aim at Trump in Party’s Response to Obama
South Carolina Governor Nikki Haley drew harsh criticism from fellow conservatives after she took swipes at presidential front-runner, Donald Trump, in her response to President Barack Obama’s final State of the Union address.
While never mentioning Trump’s name, Haley’s effort on Tuesday to sketch out a kinder and gentler vision of the Republican Party was aimed squarely at pushing back against the billionaire’s populist campaign for the White House. And it prompted a sharp backlash from some of the party’s most fervent conservative voices.
Syndicated columnist Ann Coulter took to Twitter to suggest that “Trump should deport Nikki Haley.”
Conservative radio host Laura Ingraham berated the Republican Party for choosing Haley, tweeting, “The country is lit up w/ a populist fever & the GOP responds by digging in, criticizing the GOP candidates dominating polls?! NOT SMART.”
Response to Critics
Haley said in an interview on CNN Wednesday morning that her speech partly targeted Trump and that party leaders reviewed her speech before she delivered it Tuesday. Conservative critics should “look at the example of South Carolina,” she said, and how political leaders came together to remove the Confederate battle flag from the statehouse grounds following a mass shooting at a Charleston church and to help citizens after what she called a 1,000-year flood last year.
“It takes everyone to get their egos out of the room and really sit down and say, ‘OK, how are we going to get to a solution?”’ Haley told CNN. “That’s not something we’re seeing in D.C. right now.”
http://www.bloomberg.com/politics/articles/2016-01-13/republican-haley-takes-aim-at-trump-in-party-s-response-to-obama
So do you guys have like a virtual meeting in the morning or what?
Yeah, the meeting takes places in your head, rent-free, or something like that.
Speaking of heads, is Hillary’s really big or are her shoulders really small?
She never let go of her 80s shoulder pads.
It’s really big. It’s full of all of that fancy book learnin’ that high school graduates have.
“It’s really big. It’s full of all of that fancy book learnin’ that high school graduates have.”
I think it’s a combination of the fulfillment of Revelation from Alinsky’s Rules for Radicals and Botox injections.
The Hillary Letters
BY: Alana Goodman
September 21, 2014
On July 8, 1971, Clinton reached out to Alinsky, then 62, in a letter sent via airmail, paid for with stamps featuring Franklin Delano Roosevelt, and marked “Personal.”
“Dear Saul,” she began. “When is that new book [Rules for Radicals] coming out—or has it come and I somehow missed the fulfillment of Revelation?”
“I have just had my one-thousandth conversation about Reveille [for Radicals] and need some new material to throw at people,” she added, a reference to Alinsky’s 1946 book on his theories of community organizing.
So we’re going to have to hear about Alinsky and fundamental transformation for another 8 years. I thought that the narrative was going to shift to Benghazi and email servers.
Forget about Alinsky and fundamental transformation, somebody downstream called you Milky.
and now a song for Hillary and Barney Sanders…
Na Na Na Na Hey Hey-ey Goodbye - YouTube
http://www.youtube.com/watch?v=IoyvvEWHodk - 369k -
Once again it’s hard to tell what you’re getting at with the Milky thing. Are you ridiculing (like Alinsky) that clown who made up the dumb nickname?
At the Southern Poverty Law Center.
Yep. They meet after the Trumpling mobility scooter calesthenics hour.
Milky gets the DNC email blast to post along with all the other operatives who don’t have jobs because they’ll be on the Internet all day long burning up the dole.
Trump is up by 11 in South Carolina so this shows how scared the establishment GOP is. I sure Trump is glad they did this though. More free publicity. He’ll rise in the polls.
“In his 30 years of trading, commodities king Dennis Gartman has seen all types of markets. And now he says he’s the most bullish he’s ever been on crude oil.”
october 7 2015, CNBC
http://www.cnbc.com/2015/10/07/this-is-the-most-bullish-ive-been-on-crude-gartman.html
That was when his call for a $34 / barrel low lasted about thirty seconds.
Hillary Clinton was the worst Secretary of State in the history of the country. The world came apart under her reign as Secretary of State.
Not true. They brought peace in Syria. The State Department website said so.
Oh, wait….
todays facial expression of lolas and pimps
http://goo.gl/jXiSsk
…and those who finally realize they have been wrong. HA!
Housing is in short supply:
http://finance.yahoo.com/news/housing-crisis-may-derail-middle-145855168.html
Housing is in short supply. For the 40 years prior to 2008, ground was broken on an average of nearly 1.6 million housing units per year. Starts over the past seven years averaged 788,000; even in 2015, a boom year, starts were only 1.1 million.
‘The National Association of Realtors calculates that home construction lagged behind job creation last year in nearly two-thirds of the 146 U.S. metro areas it studied. The home-building industry’s largest trade association doesn’t directly dispute that.’
‘Rather, Realtors and builders are at odds on the fundamental question of whether it’s a supply problem or a demand problem.’
‘The Realtor association’s chief economist, Lawrence Yun, says it’s a supply shortfall. He argues that builders “are just not robustly getting back into the game” by picking up their pace of construction.’
‘David Crowe, chief economist of the National Association of Home Builders, counters that builders would churn out more houses if there was sufficient demand to warrant it. “Supply is an issue; that is true,” he said. “But the dominant issue still is demand. That’s the reason builders aren’t building more homes.”
‘The builders association and others say, there needs to be robust demand for starter homes in order for builders to justify developing starter-home communities. Many say that such demand hasn’t yet materialized.’
“If demand was there, there likely would be more supply,” said Mike Dahl, an analyst who tracks home builders for Credit Suisse AG.’
http://blogs.wsj.com/economics/2015/09/10/why-is-home-building-lagging-job-creation-realtors-builders-disagree/
Next…
The builders in the Sacramento foothills are selling everything they are building.
However, the one I talk to last week is having fundamental problems with skilled labor. They also have no interest in getting out over their ski tips like they did in 2007, so keeping a reasonable lid on their activity is fine. They remember being laid off in 2008 due to overproduction and would rather keep their jobs through the next decade.
The people that are supposed to buy these starter homes had their future sold out from under them before they were out of grade school.
There are two things to consider: 1) weak demand, or low supply; and 2) rental, or for-sale?
On the for-sale side of things:
I would say that there is not enough supply in certain markets (the crazy ones, like Silicon Valley, etc.), but the predominant fact is that demand is generally weak for for-sale housing.
As an example, in the Coachella Valley, the number of actively selling subdivisions roughly doubled in the prior few years, but the number of new home sales has stayed static.
Adding supply did nothing to boost the sales numbers (ie. there is weak demand for what was being built).
But on the rental side:
Low vacancy rates for rental property, and rising rents would point to there being a shortage of shelter being built as a whole.
A goofy market.
I personally think that despite low rates, mortgages are still being made available to only the MOST credit worthy (still too “tight”), which is keeping more people from buying, and on a whole, we are building too few housing units (rental plus for-sale combined), which is leading to low vacancy rates, and higher rents.
Let’s correct the record;
-The bottom rungs of the ladder are getting mortgages
-Vacancy rates are still at record highs
-There are 25 million excess empty houses. There is no reason to build more
Remember…. the majority of mortgages since 2008 are 3.5% down payment mortgages. 3.5% DP is the definition of subprime.
Junk article published by Redscam junk salesman.
Poll: Bill Clinton more respectful of women than Trump
Despite criticism of Bill Clinton on the campaign trail by Donald Trump, more Americans in a new survey consider the former president to be more respectful of women than the GOP front-runner.
Half of Americans, 50 percent, say Clinton is more respectful of women, according to a Fox News poll released over the weekend, while 37 percent say Trump is more respectful of women.
Among women, 55 percent hold Clinton above Trump, while 31 percent say the billionaire is more respective of women than Clinton. Men rate the two fairly equally, 44 to 43 percent.
Trump has knocked Democratic rival Hillary Clinton for several weeks over her husband’s past infidelity, saying as recently as Sunday in an interview that she is “not a victim” and “was an enabler.”
http://thehill.com/blogs/blog-briefing-room/news/265397-poll-bill-clinton-more-respectful-of-women-than-trump
Great, go ahead and trot Bubba out again. You can’t even convince yourself Milky.
The sad thing is, Mikey CAN convince himself to do whatever mental contortions are necessary to bleat out his DNC talking points with absolute conviction. Lib-tards are incredibly facile in their ability to rationalize away if not embrace the blatant sleaze and corruption it takes to be a successful Democrat politician.
I like the way the phrase Southern Poverty Law Center just rolls off the tongue. It has such a “civil rights” and “social justice” tone to it. They mislead the unknowing public into thinking that they continue the movement of Selma, Freedom Riders, 1963 march on D.C. when in reality they are a criminal terrorist organization.
And their employees get paid to post here daily.
“civil rights” and “social justice” tone to it.
A guy making his living peddling pot while scoffing at “social justice” might be considered hypocritical. Those fighting for social justice have given you your living. While you’ve probably done nothing to fight for it.
Why pot legalization is also a fight for social justice - The Week
theweek.com/articles/…/why-pot-legalization-also-fight-social-justice
Why Bernie Sanders Sees Legalization As A Social Justice ...
https://www.civilized.life/bernie-sanders-marijuana-not-schedule-142844...
Oct 29, 2015 - In his speech, the Vermont senator framed the cannabis debate in social justice terms, referring to the number of Americans who “have seen …
Actually, I’ve been thinking lately that the name isn’t great. Usually, if an organization is trying to work against some phenomenon, that’s indicated in the name, such Mothers Against Drunk Driving. Southern Poverty Law Center sounds like it could be funded by groups like the Business Roundtable and the Chamber of Commerce for the purpose of keeping poverty high in the South.
No private organization could compete with the government monopoly of keeping people in poverty called the Dole.
once again, made up
Actually, I don’t care about the issue. I consider it to be a dumb question to ask voters. I just post it here to rile people up.
You got fired from school.
Why?
What are you talking about?
What did you do to get kick out of school SnowFlake?
You’re making up nonsense again.
You’re backpedalling.
Yeah, that’s because you’re hallucinating.
Backpedalling again.
I can’t convince myself of what? That pollsters asked this silly question and got the result that stated?
From your empty skull directly to the WhiteHouse, Donald Trump lives rent free.
Trump absolutely respects women. He does it in public and gets cheers. Clinton absolutely respects women. He does it in ways that cannot be shown in public and gets jeers.
There is the optimistic forward looking hopeful aspect to this as well. Once Willy is First Lady, he will likely respect women (in his own special way) even more!
take a look at interviews with trump and his daughter, they were posted a while back on the daily show. If it doesn’t make you throw up just a little something is wrong.
I. Don’t. Care. The best or most popular politician is more despicable than the most disgusting rock star.
BC was a great fiscal Conservative POTUS. Like Obama.
If Bush never happened, we would have better roads, schools and airports with the $$>
That is pretty funny!
Two reasons why u might not be able to exercise your employee stock options:
“The second reason is if the current stock price is lower than the strike price, which is the price that your option allows you to buy it at. For example, if the current stock price is $75 per share and your strike price is $50 per share, then by exercising your option you can buy the shares at $50 and immediately sell them for the current market price of $75 for a $25 per share profit (less applicable taxes, fees, and expenses). That’s the fun part. But what if your strike price is $75 and the current market price is $50? In that case, your options are said to be “underwater,” which is about as fun as it sounds (and we’re not talking scuba diving here).”
http://www.forbes.com/sites/financialfinesse/2012/03/13/when-should-you-exercise-your-options/#2715e4857a0b523d9d36113c
Now you know why buybacks are essential to corporation management.
Caveat emptor!
My Yahoo finance alert on Hess oil showed up today. 12 year low and 52 week low right now. Snagged a few shares for the 2.29% yield.
The Street predicts more downside for Hess. This is a hold. Better than a 5 year note. I think it will be a $60 stock in five years.
60% off its two year high. 67% off its 2008 high.
Picked up AUY & SSRI at these firesale prices.
Thanks. I too, just picked up a lot of shares of AUY.
I’m considering FCX as a high-risk/high-reward proposition. If gold does what I think it’s going to do, mining stocks and this one in particular could do quite well, though again, it’s looking like a falling knife right about now.
http://www.zerohedge.com/news/2016-01-13/icahns-freeport-mcmoran-not-buying-bounce
why do you think oil will bounce back so well when it appears coal is in the sh@tter for a long time?
What is the main difference between the two?
Coal certainly is a substitute and the coal burning technology is cleaner. But coal has its limits like anything else. The production has to catch up to its newer cleaner technology.
“The future is plastics”
From ‘It’s a Wonderful Life,’ or ‘The Graduate.’ Take your pick.
It was big theme for a couple of decades there. I think that there was scene in the movie Sabrina with Humphrey Bogart and Audrey Hepburn having with to do with plastic.
/\ /\ /\
Milky outs himself above as a seriously old fart.
Actually, It’s a Wonderful Life was made around a decade before Sabrina.
Looks to me like oil has more downside risk than upside potential, at least in the near term.
http://www.businessinsider.com/barclays-cuts-2016-oil-price-forecast-2016-1
Unless, of course, the current Shia-Sunni proxy wars in Syria and Yemen erupt into a shooting war between Iran and Saudi Arabia.
http://oilprice.com/Energy/Oil-Prices/War-Between-Saudi-Arabia-And-Iran-Could-Send-Oil-Prices-To-250.html
How do you say allahu ackbar in Farsi?
In the early ’80s Amerada Hess offered me a job at the Woodbridge refinery. It would have been twice the money I was making already as a refinery engineer. Leon was an odd bird and often fired the whole staff in a fit. I declined.
Recently Hess sold off the top end of its business to focus on exploration. Enjoy holding the falling knife, it may take longer than 5 years to stop the bleeding. Just sayin.
I should have said I bought Chevron. There are always nuts out there who criticize a purchase. Let’s see: Bitcoin: several nuts here on HBB Say I will lose my principle. Gold: Several nuts here on HBB say I will lose my principle. Whole Foods Market: Several nuts on HBB say I will lose my principle. Arizona Mnicipals: several nuts on HBB say I will lose my principle. TM: several nuts on HBB say I will lose my principle.
I bought Chevron…
Did they merge? I hadn’t noticed.
If you’re time horizon is long enough HES and TM will “work out.”
AUY could easily go to zero, especially since it is under $2 now.
Don’t be so insecure. You came to a financial blog to boast about making some relatively controversial investments. I think you did that knowing what would happen… which to me looks like nothing more than well tempered disagreement so far.
All cultures are equal.
Remember when obama told the US Army to just forget about Aghan men on boy rape his soldier’s in Afghanistan were witnessing on a daily basis?
——————————
Three Year Old Boy ‘Gang Raped’ at Norway Asylum Centre
Breitbart | 13 Jan 2016 | Nick Hallett
A three-year-old migrant has allegedly been raped by multiple people at an asylum centre in the Norwegian city of Stavanger.
Police are investigating the incident amid claims the boy was abused in the shared common area of the asylum centre, possibly within view of many people.
So the people who run this asylum center looked the other way? They’re just as bad as the US Army. So all cultures are equal. The Norwegian culture is just as bad as the American.
A 12-year-old girl has been killed by PA police as they evicted her family from their apartment.
http://www.independent.co.uk/news/world/americas/ciara-meyer-girl-aged-12-shot-dead-by-pennsylvania-police-officer-during-eviction-a6808741.html
Her crazy old man got her killed by waving a rifle at the cops. Doubtless he was just defending “his” apartment from government usurpers.
2nd amendment protected him, just not the 12 yr old girl
If he’d shot first, his daughter might be alive today.
Regarding past discussions of why it is that young ‘uns ain’t getting hitched - this is worth a look see - from SNL - Meet your second wife.
Men - look out - there are piranhas about.
https://www.youtube.com/watch?v=MJEAGd1bQuc
Excellent!
The men vs. hyperventilating lonely heart (boxed wine and cats) meme has a long list under a simple google search……
http://townhall.com/columnists/johnhawkins/2015/10/13/i-feel-sorry-for-real-men-in-the-millennial-generation-n2064894/page/full
The women are pretty picky these days too.
Donald Trump….. A superb statesmen with a squad of sexy strumpets.
Hillary: a withered, drooling crone in a leaky adult diaper
Hillary: a withered, drooling crone in a leaky adult diaper
Your mom must be proud of the character of the son she raised Goon.
There you go again. Talking about someones mother.
You’re despicable Lola.
The criticisms of a degenerate third world a-hole are like the scratching noises of rodents. Nothing more.
Third world. Ahahahhahhaa.
Hillaryous is unelectable.
criticisms of a degenerate third world a-hole
But there’s nothing degenerate, third world or a-hole about me.
You must be projecting again BluSky.
And my criticisms are powerful because they ring so true. And you know it.
You’re a feckless degenerate Lola.
Power is not in you. Short list. Euphoric communist utopia BS is not power. Contempt for the unfortunate is not power. Financial dependence on your wife’s family is not power. Unemployment is not power. A failed and unfortunate career is not power. Mocking another fellow’s mother and spouse is not power, it is weakness. Sorry you moved to the third world is not power. Frequent nervous meltdowns is not power.
Some of these things are excusable, as we are all frail humans, but to claim you are powerful and right is just too ridiculous. It is part of why you are an a-hole.
Euphoric communist utopia BS is not power.
I’ve never done that. Your lying is not power.
Contempt for the unfortunate is not power
I’ve never done that.
Financial dependence on your wife’s family is not power
I’ve supported them. Never vice versa.
Mocking another fellow’s mother
It wasn’t mocking and you know it. It was saying she would not like her son denigrating 65 year old women. Are you a liar or an idiot?
Frequent nervous meltdowns is not power.
That’s why you are weak BlueSky. I so get to you. Because my criticisms obviously have power.
Gee, it makes me wonder who’s currently in a frozen town in upstate New York and who’s in a tropical, Latin city.
You’re a dropout.
Are you a liar or an idiot?
Perhaps just one with a longer attention span. You mocked my mother, and my partner. That’s what HA was referring to. You are an a-hole.
“Contempt for the unfortunate…”
I seem to recall that you said “why should I care” about them. The ones where you live. Sorry, it’s still online.
“I’ve supported them.”
Sure, by building on family land, and claiming investment genius. “I can sell any time” No you can’t. Excuse me, but you have left a long trail of enigmas, insults, contradictions and unproductive hard feelings. Just an a-hole with nothing to add to the conversation.
You mocked my mother,
I told you your mother would not be proud of liars? How’s that mocking?
I seem to recall that you said “why should I care” about them.
I’m on record for supporting the underdogs for years. You’re not.
I’ve supported them.”Sure, by building on family land,
I’ve paid cash for every bit of land and house I’ve built. I support my family down here.
“I can sell any time” No you can’t
Of course I can. How could I not if my house is paid for?
“I can sell any time” No you can’t.
Here’s a long-term Rio de Janeiro house price chart. I can sell any time because it’s paid for. Let’s do the math. Here’s a chart from 2008 to now. Rio houses have gone up 259%. Mine has gone up a lot more than that because of location and luck. Looks like it’s down a few percent the past year. I think prices will go lower but it’s still up 22% the past 3 years. It’s paid for. I owe no money on it. The land is mine. Paid for. Of course I could sell it. BTW, look at the slow roll over Rio house price are having even after being in a recession for months. There’s no crash (yet?) because there was no easy financing imo. This was a different kind of bubble. Here’s the chart.
http://www.zap.com.br/imoveis/fipe-zap-b/?_ga=1.268038286.1033231274.1451500501
You mocked my mother,
I told you your mother would not be proud of liars? How’s that mocking?
No. You mocked my mother and my partner some time ago, before your last melt down. Not today. Not surprised if the memory is lost. Today you were talking to someone else. That is what HA was talking about.
Enjoy your space here.
Blue Skye Out.
Up above Lola finally admits he’s not in the third world of Brazil!
Also he has been the protector of the underdog. Don’t you remember his bruised coccyx aka “the butt hurt story”?
Well… there you have it. Another Lola tantrum and meltdown.
Good grief.
I don’t think Hillary looks withered at all.
More like bloated.
Banksters win again as “Audit the Fed” voted down in Senate.
http://libertyblitzkrieg.com/2016/01/12/banksters-win-again-audit-the-fed-bill-fails-in-the-senate/
Audit the Fed … Bahahahahahahahahaha
Shirley, you’re killing me with the jokes.
Looks like the supply of Canadian Greater Fools “investing” in US real estate may be drying up as the Loonie continues its collapse against the USD and inflation erodes their purchasing power.
http://www.bloomberg.com/news/articles/2016-01-13/canadians-are-going-loonie-on-social-media-about-skyrocketing-grocery-bills
I’ve read that China is spending $4 Bil a day to defend the Yuan, and that as much as many Chinese would like to hold dollars, they aren’t allowed to. Is stockpiling the minor monetary metal an interesting alternative?
Just a thought about where this capital flight thing is headed. It would be a switch from the copper collateral fraud of a few years ago.
http://www.wsj.com/articles/copper-prices-rise-after-near-record-trade-imports-by-china-in-december-1452691066
Just a thought about where this capital flight thing is headed.
If $4 billion a day is leaving China it has to be going somewhere. I doubt it’s going to Russia or Brazil.
If you have to borrow for 15 or 30 years, it’s not affordable nor can you afford it.
What if I only need to borrow for 13 or 14 years?
Falling prices my friend. Falling prices. Nothing accelerates the economy like falling prices. Nothing.
So what are peoples thoughts on Saudi Arabia considering and IPO of their oil assets?
1. Sell the future as we need money now?
2. Sell the shell because we don’t have nearly as much oil as we told everyone?
3. Sell because they fear civil war or war with Iran and loss of assets?
Sell the future as demand is dropping and supply is increasing. Wait until Mexico starts fracking.
Got LED lights, Solar, wind, nuc, efficient homes and cars?
Demand hasn’t dropped much yet and isn’t predicted to by EIA.
http://www.eia.gov/forecasts/steo/report/global_oil.cfm
but predictions are tricky things.
MPG of recent new car sales has actually declined recently as people have purchased more SUV’s.
replacing your old SUV with a new one means better MPG.
trading in your civic for an explorer does not.
Again average mpg of new cars sold decreased.
With retail fuel prices collapsing to record lows, who cares?
I’m guessing 2. The production ramp up is a feint to draw in the rubes.
Electric car demand in China and India will be huge.
Great speech last night!!! Very optimistic and covered the 7 yr highlights.
I just can picture Trump doing the same. Sales of anti-depressants will skyrocket.
O did very well in 7 yrs, with a GOP congress that swore to make him a one term pres. The only unhappy people are the failures who blame gov.
I guess you just forgot when obama had a supermajority of democrats in the house and a filibuster proof senate.
Funny how that happened…
http://www.nbcnews.com/id/40007802/ns/politics-decision_2010/t/gop-leaders-top-goal-make-obama–term-president/#.VpaipBUrJaU
WASHINGTON — The Senate’s Republican leader has a simple postelection message for President Barack Obama: Move toward the GOP or get no help from its lawmakers.
I guess you just forgot when obama had a supermajority of democrats in the house and a filibuster proof senate.
Your bias feeds your unending delusion 2 banana. You need to learn how the Senate works in the context of recent history. Obama had a “filibuster proof” Senate for a total of about 14 weeks of unscheduled divided time (caused by death too) in which no major Senate bills were ready to be passed. Senate business takes a lot longer than 14 weeks divided into a couple sections.
About That Filibuster Proof Majority
http://www.motherjones.com/kevin-drum/2010/09/about-filibuster-proof-majority
“…Democrats had an effective filibuster-proof majority for about 14 weeks. …there’s a very limited amount you can do in the Senate in 14 weeks. Given the reality of what it takes to move legislation through committee and onto the floor (keeping in mind that the filibuster isn’t the minority party’s only way to slow things down), I think you might make the case, at most, that a single additional piece of legislation could have been forced through during that period. But probably not much more than that. Democrats basically had a filibuster-proof majority for about three months. That’s just not very long.”
neo-cons dont like facts
+1
There are no facts there. A filibuster proof majority means you can do anything at any speed you want. Truly delusional cognitive dissonance.
Eh… He did ok with the shitstorm he was given. Managed to not start ww3, and will hand off the same mess to his successor.
“7 yr highlights”
While I didn’t follow the speech, I can only imagine that the “highlights” were as vague and empty as the initial promises.
We schlonged some brown people?
Great speech last night!!! Very optimistic
It’s like the Democrats have become the party of “light and hope” while the Repubs have devolved into a paranoid, fearful and angry fog of darkness.
And at not one “main street vs wall street” point Obama made did the Repubs applaud. Not one.
The Repubs don’t care one bit about main street. 35 years of taxCutsForTheRich and public policy geared only for the rich have killed America and the Repubs don’t care. This is not theory. The results of the SupplySide TrickleDown experiment are in. And their results cannot be argued. They are fact.
Hope and Change, Si Se Puede, Forward and on and on…..this is just tired old marxist drivel sloganeering that keeps getting hauled out as a new generation of easily manipulated young ‘uns with no historical context vote master rhetoriticians into office. They fall for the marketing job instead of substance and most importantly character. Soon the empty suit is seen to have no clothes but by that time - too late.
Living in Chicago ILLANNOY as I do - the one thing that can be certain - Chicago is very good at exporting its toxic waste to other states and the Federal gubmit. Be warned Hitlery was born and raised in the Chicago area.
If I was forced to live in IL I too would be angry, afraid and depressed. we do feel sorry for you. if only you had the free will to move and improve your quality of life.
Try Flagstaff, AZ. Affordable, great weather, cool people.
Even Pueblo Colorado, or Ogden UT would be an improvement.
easily manipulated young ‘uns with no historical context
But the historical context is already in. That’s why Sanders is surging. This is not theory anymore.
The results of 35 years of the SupplySide/TrickleDown experiment are in and Americans don’t like the result.
And their results cannot be argued. Policies to further enrich the rich do not help the middle-class and poor one bit.
And Barack Hussein Obama did nothing about it Lola.
Democrats are sick of the Clinton/Obama farce.
Lolas been pimping the 35 year thing for years. This conveniently allows Bubba to be ignored.
Great speech last night!!!
Oh, the fan boys….they never give up, do they?
Is Trump the only cure for these idiots?
Once Comrad Hillary is installed as President, the competing demands of rewarding her oligarch donors and continuing to grow and incentivize the Free Sh*t Army are going to put extreme demands on the IRS to step up its wealth extraction from the 99%. Large illiquid assets like houses are going to be a lucrative and irresistable sources of “redistribution of the wealth” that will make them far less attractive as “investments.”
http://www.zerohedge.com/news/2016-01-13/end-luxury-housing-boom-us-treasury-launches-crack-down-secret-buyers-luxury-real-es
Very unlikely. The 1%ers don’t eat their own.
Much more likely: they will come after the middle-class’ 401Ks.
The uber rich will continue to stay that way.
Forward!
Middle-class pension funds and social security are the last great untapped pools of wealth for the Oligopoly to loot. If HillaryJeb or Rubio get elected, the “privatization” of social security is a fait accompli.
I think you mean PRIVATE pension funds.
Democrats will never do anything to public unions.
Already looted. They will collapse as soon as the money is actually needed.
If HillaryJeb or Rubio get elected, the “privatization” of social security is a fait accompli.
This is where you are completely wrong. No Democratic President is going to privatize SocSec. Where do you come up with this?
“No difference in either party”?? Right.
Yep Clinton vetoed the repealing of glass-steagall.
Yep Clinton vetoed the NAFTA.
Yep Obama vetoed the TPP.
Yep there’s a difference in parties, right?
Maybe in social issues, but anyone thinks otherwise is a mega IDIOT.
+1
Maybe in social issues, but anyone thinks otherwise is a mega IDIOT.
You are just flat-out wrong. Repubs would not have lost 5 out of the last 6 popular Presidential votes if there were “no difference” in the Parties.
There is a Huge differences in the political parties. Just look at the SCOTUS. Look as SocSec, Medicare, Medicaid, min wage, ACA/Obamacare, maternity leave, environmental protections, climate change, tax structure, extent of wars and any policies that would help the middle-class.
No difference? In a pig’s eye.
CollapsoCrats And Retardicans.
The two neo-con parties are a distinction without a difference Lola….. a distinction without a difference.
Just look at…
U.S. National Debt Clock : Real Time
http://www.usdebtclock.org/ - 235k -
This hasn’t got any press outside Ottawa. Barely any coverage in Ottawa. If some hockey players did this or some university students it would be national news.
http://ottawacitizen.com/news/local-news/0112-sex-attack
Mary Asanansi figured it was the janitors who were arguing when she heard loud voices after pulling up to work in Ottawa’s east end on the morning of Aug. 11, 2013.
Then she heard a girl screaming, “Leave me alone.”
“It was someone looking for help,” Asanansi told court Monday.
She was testifying as the first witness at the trial of four Ottawa men accused in the 2013 gang sex attack of a 15-year-old girl near the OC Transpo Blair station.
After hearing a girl’s screams, Asanansi went inside her office building and asked the security guard to check the cameras to “see what’s going on there”.
She had seen a man, with a white T-shirt and ball cap, who seemed to be blocking someone.
But under cross-examination by James Foord, Asanansi agreed that she couldn’t be certain if she saw a man or a woman.
Warsama Youssouf, Maher Fafayi, Christian Kadima and Hanten Hersi are on trial for sexual assault, sexual interference and forcible confinement. All have pleaded not guilty.
The trial, before Ontario Superior Court Justice Robert Maranger, continues Tuesday.
Sounds like a New Year’s celebration in a german city…
Bomb their homes, they will move into your cities.
Ah, the ol’ ‘blame the victim’ meme again. So tiring . . .
Be honest….who’s the victim?
If some hockey players did this or some university students it would be national news.
University students are probably in sexual assaults of some kind every day in Canada. I doubt that they’re all reported nationally.
Unless it is a privileged Lacrosse team and a BLM working girl …
Four men on one? I don’t think do.
Most university assaults involve drunk students and questions of consent.
Chief bright-teeth sure had a depressing rebuttal last night. No wonder the neo-cons are low energy. Kinda made me laugh, thanks.
andrea mitchell says she killed it!
Yep, Obama is low energy.
Update: Dow Craters 350 Points; Plummets 1600 Points Since New Years Level
http://www.marketwatch.com/investing/index/DJIA
where is a fed member when u need one? Crickets?
election yr .
candidates all look awful after seeing Obama’s speech. Can you picture Trump or Cruz giving the state of the union?
we want winners, not whiners
The S&P 500 is now back to the level it was when I dumped my last index fund, in my retirement account, because of how overpriced stocks were.
Crater? It’s a long way down to high stock prices, let alone stock prices in a crater.
Hey Txchick57, is a 3 percent dividend yield too much to ask?
Buy the market , oil too
^ Getting squeezed.
I’m betting against this Ponzi market. Ka-CHING!
UNICORN HUNTER
Are the sheeple finally waking up?
http://www.zerohedge.com/news/2016-01-13/42-americans-ditch-two-party-system-say-government-biggest-problem
there are no fiscal conservatives in COngress./
US Mint could save $39 million on nickels and dimes,
In a new report, the Government Accountability Office estimates the cost of redesigning nickels and dimes, replacing the metals they’re currently fashioned with (a combination of copper and nickel) with one of four cheaper options proposed by the U.S. Mint in 2014 — a new version of the current copper/nickel combo, nickel-plated steel, layered plated steel, or stainless steel. The changes could save the U.S. Mint between $8 million and $39 million a year, the GAO estimates.
yet they do nothing
Copper pennies (1982 and earlier) and nickel nickles are the only US currency with any intrinsic value.
is anyone else short China? seems too easy.
I’m not Easy money has been made. With all the intervention I think u have to be careful there.
that being said it is very well possible it could crater further.
There are better , safer opportunities out there I think.
Long slow slog down. There is only one thing that can follow a massive misallocated expansion of credit.
Get out of debt day trader. It is the best bet ever.
look at the 5 or 10 yr chart, just getting started
Clinton gets nod from former Attorney General Eric Holder
CHARLESTON, S.C. (AP) — As she works to maintain an advantage among African-American voters in her quest for the Democratic presidential nomination, Hillary Clinton has secured an endorsement from the nation’s first black attorney general.
The Clinton campaign announced Eric Holder’s support in a statement to the Associated Press.
Holder, who served as President Barack Obama’s top law enforcement appointee for more than five years, said Clinton “is the candidate that we need in the White House” to continue “the progress of President Obama.”
http://bigstory.ap.org/article/a55aee80b193411498c03586f3ff7b53/clinton-gets-nod-former-attorney-general-eric-holder
people are saying clinton could be indicted within months.
Translation: Hillary will ensure, just as Obama did, that the TBTF banksters go unpunished for their crimes and swindles, while the AG turns a blind eye in return for a multimillion dollar Wall Street job waiting for him/her at the end of their “public service.”
the progress of President Obama.
if only she would come out and say something like O said last night:
Food stamp recipients didn’t cause the financial crisis; recklessness on Wall Street did.”
http://money.cnn.com/2008/01/29/news/economy/stimulus_analysis/
Does Frau Merkel intend to give Obama competition in the “Gun Salesman of the Century” competition?
http://nypost.com/2016/01/13/europeans-stocking-up-on-guns-after-mass-sex-attacks/
“If you don’t think your a winner, you don’t belong here.” vince lombardi
I really think we have a lot of winners here.
I hope none of u bought gopro stock at 60. talk about a craterthon.
A preview of what’s in store for us when the Fed’s money-printing crashes the dollar.
http://www.zerohedge.com/news/2016-01-13/canadians-panic-food-prices-soar-collapsing-currency
A preview of what’s in store for us when the Fed’s money-printing crashes the dollar.
Why be the alarmist RayK?
A comment:
“Although the weakening dollar has driven up food prices quite a bit here in Canada, showing prices from the North West Territories and Nunavut is alarmist, and is no way reflective of food prices for the rest (99.999%) of Canada. It would be like going to buy veggies in a grocery store in Alaska, and exclaiming that everyone in the USA all have to pay those prices.”
The debt pyramid will collapse before the instrument does.
Okay, fess up: which HBBer sent dildos to the militia guys in Oregon?
http://www.theguardian.com/us-news/video/2016/jan/14/oregon-militiaman-loses-his-cool-over-donated-dildos-and-sex-toys-video
SNOWFLAKE?
The next Enron?
http://wolfstreet.com/2016/01/13/glencore-cds-spike-to-record/
HuffPo, the most vapid, insipid purveyor of DNC talking points and PC dogma aside from The View, continues its slide into irrelevance.
http://www.breitbart.com/big-journalism/2016/01/13/huffpost-live-is-dead-parts-ways-with-founding-editor-roy-sekoff/
Sorry, Bernie, but the oligarchy has annointed its Republicrat water carriers, and you ain’t in the Big Club.
http://www.counterpunch.org/2016/01/04/why-sanders-will-not-be-the-democratic-nominee-no-matter-what-happens-in-the-primaries/
anyone notice how yellen has went silent? Are we on our own now?
QE4 and NIRP are already baked in the cake.
US border with Mexico is 1989 miles. In 2006 they passed a law to build 700 miles. They appropriated 1.2 billion and had built 613 miles by 2009.
Only 1376 more miles to go.
http://picpaste.com/pics/4b148cd2e378e96b9d4c0e471ac96dfd.1452734958.jpg
Don Rickels for VP!
Chuck Norris for Sec of State!
Jeff Ross for head speechwriter!
TV Party tonight!
Too much meth Caliphate. Put down the pipe.
They should allow Rand Paul on the debate stage. He’s the only Repub not war mongering and he made the numbers.
Paul asks party leaders to include him in prime-time debate
http://news.yahoo.com/paul-asks-party-leaders-him-prime-time-debate-195806987–election.html
FRANKFORT, Ky. (AP) — Rand Paul has asked Republican Party leaders to include him in Thursday’s prime-time presidential debate, using the results of a new poll in Iowa and his unusual coalition of support as leverage.
..”Without question the new poll would have me on the debate stage,” Paul said in an interview.
Fox Business Network spokeswoman Caley Cronin said the network would not revise its lineup, pointing out the criteria released in December said all polling had to be completed and released by Jan. 11 at 6 p.m.
I would love to see Hillary Clinton lose the nomination. And it could happen.
Why is Hillary Clinton losing her lead?
http://news.yahoo.com/why-hillary-clinton-losing-her-lead-195733427.html
Recent polls show Sanders ahead of Clinton in both Iowa and New Hampshire. Is it the fluctuating nature of this stage of the election, or is something deeper at work?
Less than three weeks shy of the first primary election, Hillary Clinton is losing her once-sizable lead on Bernie Sanders,
“Why is
Hillary ClintonLola losing herlhead?”Not a chance. The Oligopoly has annointed Hillary to be our next president, and directed their media border collies to herd the sheeple into the “Hillary” enclosure. It’s a done deal. Bernie is just there as window dressing.
It’s a done deal. Bernie is just there as window dressing.
But Hillary was the anointed favorite this time in 08. By far. And an upstart Obama beat her. The Party leaders can’t totally control fate imo. Not lately. Look at Trump.
Bernie is just there as window dressing.
Maybe, but Bernie is coming on strong at the exact same time as Obama did in 08. And with the same grass-roots type stuff. Maybe even more so.
I’m getting the feeling that the Party leaders are losing control fast.
Lola’s playing the shill game pretending to be for Bernie. Let’s hear some criticism of Hillary Lola. Why is she no good?
In one way the parties are alike is that the Repub leadership does not like Paul and the Dem leadership does not like Sanders. They want Paul out of the Repub debate and they want the Dem debates hidden to keep Hillary ahead. Is it mostly because Paul and Sanders are not neo-cons?
Paul hits back at Rubio for ISIL claims
Read more: http://www.politico.com/story/2016/01/rand-paul-marco-rubio-isil-217397#ixzz3xBap7fvl
Rand Paul ripped Marco Rubio on Wednesday for his insinuation that he is partly to blame for the rise and growth of the Islamic State terrorist group, getting in a few digs of his own at his Senate colleague and fellow Republican presidential candidate.
Appearing on the set of MSNBC’s “Morning Joe,” the Kentucky senator responded to Rubio’s foreign policy speech on Monday in which he slammed “isolationist candidates.” Though he mentioned none of them by name, Rubio remarked at one point that “ISIS cannot be filibustered,” a shot at both Paul and Texas Sen. Ted Cruz, who have used the legislative maneuver during their time in the Senate.
“Well you know the opposite is kind of true,” Paul began. “I’ve been saying that one of the reasons ISIS grew is because the neoconservatives like Rubio wanted to push [Syrian President Bashar] Assad back, they wanted to topple Assad, and that’s created a space for ISIS to grow and I think that’s a legitimate foreign policy point.”
Dem debate hidden? Like they wanted to hide Barney rolling over for her. He lets her skate on everything, a sure sign he’s a shill.
As rents continue to outstrip Americans’ ability to afford them in the Obama-Fed-Goldman Sachs “recovery,” forced evictions of desperate people will unfortunately have the potential to turn tragic.
http://www.dailymail.co.uk/news/article-3396249/Police-Constable-serving-eviction-order-kills-12-year-old.html
Goldman Sachs was Obama’s #1 campaign contributor, and now they’re backing a new puppet: Ted Cruz. Meet the new boss, same as the old boss.
http://www.businessinsider.com/ted-cruz-first-senate-campaign-goldman-sachs-loan-undisclosed-2016-1