Bits Bucket for January 18, 2016
Post off-topic ideas, links, and Craigslist finds here. Please visit my Youtube channel which you can also find here:
http:tinyurl.com/http-hbb-com
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
PayPal is a secure online payment method which accepts ALL major credit cards.
Links
-
December 2024 M T W T F S S « Sep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Photo Submission: hbbphotos@gmail.com
View the HBB Photo Gallery *updated 4/13/2008
Are you feeling relaxed or panicked about your investments so far in 2016?
Oil
Lifting of Iran sanctions adds to panic about oil oversupply
Huileng Tan
5 Hours Ago
CNBC.com
Oil prices were sharply lower in early Asian trade, extending a brutal sell-off fueled by fears of a glut from Iran, after international sanctions against the country were lifted at the weekend.
U.S. WTI light sweet crude oil prices were recently trading 1.5 percent lower at $28.99 a barrel, after falling 3.6 percent to hit the session’s low of $28.36 barrel, while European Brent crude was last 1.6 percent down at $28.47 a barrel after falling 4.4 percent to $27.67 a barrel.
Both grades were moving in the range of prices not seen since late 2003 after falling about 6 percent on Friday in the U.S. session.
Iran, which is an OPEC member, is ready to increase its crude oil exports by half a million barrels a day, Reuters reported on Sunday, citing statements from the country’s deputy oil minister.
This has caused the market to panic, despite the fact that oil investors had anticipated the return of Iran to oil markets and that development of the oil industry in the country was likely to be a slow process, said American Enterprise Institute’s resident fellow, Matthew McInnis.
…
ft dot com > Markets >
Equities
Markets Insight
January 18, 2016 5:07 am
Cooler heads will prevail even as markets panic
Scott Minerd
Selling pressures in China will keep spilling into other regions
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Jan. 15, 2016. Stocks tumbled around the world, with U.S. equities headed for their lowest levels since August, and bonds and gold jumped as oil’s plunge below $30 sent markets reeling. Treasuries extended gains as economic data and earnings added to concern that global growth is faltering.
Photographer: Chris Goodney/Bloomberg
©Bloomberg
Markets in the first weeks of 2016 were unexpectedly violent. After one of the worst starts for equities on record, I remain pessimistic that things will meaningfully improve soon.
One of the most disturbing aspects of the global sell-off in equities and commodities is the virtual lack of panic or fear. Despite a period of relentless selling in US equities, market volume has failed to increase and measures of fear, such as the CBOE Volatility Index (VIX), have been at levels associated with calm.
Panic is a key indicator of a market bottom. Panic is associated with sharp increases in trading volumes as investors fearing further decline seek to liquidate positions. That kind of selling causes volatility to spike, as price movements accelerate to the downside. None of this has been associated with the decline to the start of 2016, which tells me we have more downside before we see bottom.
A number of analysts are currently painting a bleak picture for the global economy. Candidly, I don’t see it. Despite the Federal Reserve’s recent actions, monetary conditions remain highly supportive for global economic growth. In the US, the index of leading economic indicators shows no warning signs of recession.
Many analysts point to widening credit spreads and falling equities as foreshadowing a recession. I remind folks that we had a similar scenario after the market crash of October 1987, and the US recession was still two years away. For those of us who remember, that time became a great buying opportunity. I could say the same for 1994 and 1998.
…
All the phony wealth can virtually disappear overnight.
Markets take a set of stairs on the way up and an elevator on the way down.
LATHER , RINSE, REPEAT
Too bad the cable that suspends the elevator above the floor has snapped.
the DNC should nominate bernie.
The DNC, like the RNC, is corrupt to its core. That means Hillary is its annointed Wall Street puppet. Bernie is just window dressing to maintain the fiction that the sheeple somehow have a “choice.”
Bernie vs Trump 2016. Maybe it will be decided on VP choice?
Fears of panic selling in Gulf stock markets
Pedestrians walk past an electronic board showing various stock prices outside a brokerage in Tokyo
Source: Reuters
DUBAI, Jan 17, 2016:
Middle East stock markets plunged to new multi-year lows today, with Saudi Arabia tumbling more than 5%, as a fresh slide of oil prices and declines in global equities triggered panic selling.
Many institutional investors were taken aback by the extent of today’s losses in the Gulf, the almost indiscriminate tone of the selling, and the lack of buying support in the market even when valuations reached low levels.
Sentiment was hit hard by Brent oil’s 6% drop on Friday to settle below US$29 (RM127) a barrel, bringing its decline for the week to 13%.
Yesterday’s lifting of sanctions on Iran could in the short term push oil down further, as additional Iranian supply arrives in the global market.
Gulf Arab governments have been putting in place austerity policies to stabilise government finances in an era of cheap oil.
But the latest drop of oil prices, if sustained, could force another, more severe round of austerity.
Saudi Arabia’s 2016 state budget, for example, was based on an average Brent oil price of about US$40, analysts believe.
If oil stays at current levels, additional spending cuts could slow economic growth further – conceivably threatening a recession.
“We will probably need a stabilisation of stock markets in China and the US, and of oil, before we see much buying in this region,” said Sebastien Henin, head of asset management at The National Investor in Abu Dhabi.
He said valuations of some stocks in the Gulf had become very attractive, and dividend yields were “amazing” at more than 5% across the region, but these factors were being ignored in the face of an uncertain global environment.
The Saudi stock index tumbled 5.4%, its largest drop since last August, to 5,520 points, its lowest close since March 2011. That brought its losses so far this year to 20%.
…
True price discovery is going to be a biatch for those levered up on debt.
No, not really. The Dallas Fed suspended mark to market.
http://www.zerohedge.com/news/2016-01-16/exclusive-dallas-fed-quietly-suspends-energy-mark-market-tells-banks-not-force-shale
Here we go again. Banks are loaded up with rotten energy investments:
http://www.zerohedge.com/news/2016-01-17/wells-fargo-bad-citi-worse
But they won’t be allowed to fail. I’m sicka this crap.
“True price discovery is going to be a biatch for those levered up on debt.”
“True price discovery” … now there’s an interesting term.
Yeah, it’s probably meaningless.
When is the next rate hike? Can we start talking about this for another year?
Saudi Arabia’s 2016 state budget, for example, was based on an average Brent oil price of about US$40, analysts believe.
So then it doesn’t matter if SA can produce oil at $6 (
) /bbl, right?
Their government has to be hurting on that huge miss. I heard that Mexico is similarly strapped.
And the expenses to produce a barrel of oil?
$6
Donk, Don’t quit your day job.
UNICORN HUNTER
No intention of quitting my day job, thank you.
And I still can’t wrap my ahead around the idea that China and their raw material suppliers were using SO MUCH oil that it was enough to raise the price of oil 4x.
Stick with the data Poet…… stick with the data.
Colleyville, TX Housing Prices Crater 5% YoY
http://www.zillow.com/colleyville-tx/home-values/
Nor can you wrap your head around the fact that the cost to produce a barrel of oil or a SFR is a fraction of what you think it is.
$6?? What does the metal barrel cost? .45 cents?
Crude and retail fuel is delivered in barrels?
Are you sure? Smarten up kiddo.
Touché
/sarcasm
^backpedal
The Telegraph
Iran sanctions: Middle East stock crash wipes £27bn off markets as Tehran enters oil war
Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin
Sanctions on Iran and its oil exports can now be lifted
By John Ficenec
4:10PM GMT 17 Jan 2016
Stock markets across the Middle East saw more than £27bn wiped off their value as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply.
All seven stock markets in the Gulf states tumbled as panic gripped traders. London shares are now braced for a second wave of crisis to hit when they open on Monday morning after contagion from China sent the FTSE 100 to its worst start in history last week.
…
2015: The Worst Year on Record for Dry Bulk Companies
By Annie Gilroy • Dec 31, 2015 7:42 am EST
Dry bulk dynamics
The Baltic Dry Index (or BDI) is holding near all-time lows as rates for the bulkers continue to slump. The current rates are lower than the breakeven costs for most of the owners.
Most of the market participants, including the managements of the dry bulk companies, believe that high fleet growth and a weak Chinese (FXI) steel market will keep the lid on dry bulk rates for 2016 and maybe even for 2017. After that, the current order book will be delivered, and in the absence of significant new orders and continuing high demolition rates, the market might find a balance, although at a rate lower than previous highs. The consumption side has most likely gone in for a structural change as the Chinese economy shifts from investment-led growth to one driven by consumption.
Beaten down stocks
With the dry bulk rates, dry bulk stocks are also reeling near their all-time low values. Navios Maritime Partners (NMM) has fallen 74% year-to-date (or YTD) until December 29). Safe Bulkers (SB), Scorpio Bulkers (SALT), Navios Maritime Holdings (NM), and Diana Shipping (DSX) have fallen by 77%, 63%, 62%, and 38%, respectively.
…
gCaptain
Maritime News
Baltic Dry Index’s Beating Continues
January 15, 2016 by Reuters
ReutersJan 15 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, touched a record low for the ninth straight session Friday, mostly due to vessel oversupply and lack of global demand.
The overall index, which gauges the cost of shipping dry bulk cargoes including iron ore, cement, grain, coal and fertiliser, was down 10 points, or 2.61 percent, at 373 points.
The index has plunged by over hundred points or about 22 percent this year. On Wednesday, it fell below 400 points for the first time on record.
The capesize, panamax and handysize indices also touched record lows on Friday.
The dry bulk sector has taken a beating from the slowdown in Chinese business at a time when the sector is struggling with huge overcapacity.
The capesize index shed 27 points, or 12 percent, to 198 points on Thursday. Average daily earnings for capesize vessels dropped $193 to a record low of $2,748.
“(The) fundamental problem is not fleet growth but negative demand growth. Slowing economic growth and significant turmoil in commodity prices is resulting in extremely low chartering activity,” said Clarksons Platou analyst Frode Morkedal.
…
BloombergBusiness
Hedge Fund Bets Signal There’s More Pain Ahead for Commodities
Lydia Mulvany
January 17, 2016 — 1:00 PM PST
Updated on January 17, 2016 — 8:15 PM PST
Money managers double net-bearish wagers over two weeks
Goldman sees price recovery later in 2016 after supply cuts
The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it.
Money managers increased their combined net-bearish position across 18 raw materials to the biggest ever, doubling the negative bets in just two weeks. A measure of returns on commodities last week slid to the lowest in at least 25 years. Metals, crops and energy futures all slumped amid supply gluts and an anemic outlook for the global economy.
Market turmoil in China, the biggest commodity buyer, is adding to worries over consumption. A stronger dollar is also eroding the appeal of raw materials as alternative investments. While Goldman Sachs Group Inc. predicts that the prolonged slump will start to spur more supply cuts, the bank doesn’t expect prices to rebound until later this year.
“There’s fear in the marketplace,” said Lara Magnusen, a La Jolla, California-based portfolio manager at Altegris Investments Inc., which oversees $2.5 billion. People are “very concerned about slower economic growth and what’s going on with China and the contagion effect,” she said.
With a strong U.S. dollar and the Federal Reserve considering more interest-rate increases, “there’s not a lot of places where you can put your money right now,” she said. “Short commodities is a pretty good place.”
…
BloombergBusiness
Asia Junk Bonds One Cent Away From 2012 Low Amid Fund Flight
David Yong
Lianting Tu
January 17, 2016 — 7:39 PM PST
Updated on January 17, 2016 — 8:42 PM PST
One in three junk-rated notes in Asia lost money this month
Vedanta, Anton Oilfield, MIE bonds lead losers in January
Asia’s junk-rated dollar bonds are trading within a cent of a four-year low after a global market selloff this month left one in every three notes with losses.
Average prices of company debentures in the region fell to 93.55 cents on the dollar on Jan. 15, following a seven-day slide to the least since Sept. 30, Bank of America Merrill Lynch’s Asian Dollar High Yield Corporate Index shows. A one-cent decline in the price will drag the gauge to a level not seen since January 2012.
Investor sentiment toward Asia is weakening as economic growth in China slows and all 24 emerging-market currencies tracked by Bloomberg drop against the dollar. The regional slump is raising concern that more Asian companies will struggle to service higher levels of leverage just as the Federal Reserve has started raising interest rates from near-zero.
“The key factors that are hurting sentiment on Asian junk bonds are China’s continued equity rout, the further weakening expectations on the yuan and the plunging oil prices,” said Gordon Ip, a Hong Kong-based senior fund manager at Value Partners Group Ltd. “We will see the weak sentiment go away only when those three factors stabilize.”
Investors Retreating
Global investors have pulled money out of bond and stock funds in emerging markets this year, BNP Paribas SA said in research notes to clients, citing data published by EPFR Global. They withdrew $25 billion and $56 billion respectively in 2015, the most in six years, the report said.
Last year, 112 note issuers defaulted on their obligations worldwide, the highest tally since 2009, according to data compiled by Standard & Poor’s. The oil and gas sector led the count with 29 delinquencies while those involved in consumer products contributed 12.
“We reduced risks in our portfolios one-and-a-half week ago,” said Adrian Zuercher, the head of asset allocation for Asia at UBS Chief Investment Office Wealth Management in Hong Kong. “The selloff in Asian equities makes Asian credits looking expensive. Sentiment can certainly dominate the next few days or weeks.”
…
January 15, 2016, 3:05 P.M. ET
Energy Junk Bond Index at Record High Yield of 17.43%
By Amey Stone
The Bank of America Merill Lynch High Yield Energy Bond Index closed Thursday (Friday’s number won’t out until this evening) at a yield to worst of 17.43%. There’s little doubt it’s headed higher from there.
But even Thursday’s level was the highest yield since the index started in 1996, says Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors.
Prior to Thursday, the high was 17.05% posted on December 5, 2008, during the depths of the financial crisis. At that point energy was trading more in line with everything else in high yield unlike now, where it’s a real outlier, says Fridson.
The plummeting price of crude was the obvious culprit for the steeper declines.
…
Mutual Funds
A Year Junk Bonds Lived Up to Their Name
By CARLA FRIEDJAN. 15, 2016
A housing development in Williston, N.D., where a collapse in the oil boom has hampered the housing market and created a crisis of oversupply.
Credit Daniel Acker/Bloomberg
Investors chasing high yields have been battling high anxiety.
Shareholders tried to withdraw so much money from the Third Avenue Focused Credit mutual fund that it abruptly shut down in December. That troubling event was just the most glaring problem in what has been a rough stretch for high-yield bond portfolios.
The average high-yield, or junk, mutual fund lost 4 percent last year. It was the first such decline for an entire calendar year since 2008. But the problems in 2015 were hardly a surprise. Trouble for junk bond funds began in the summer of 2014, when commodity prices began their free fall, pulling many junk bond funds down, too. Since then, the average junk fund has lost more than 7.5 percent. The two largest high-yield bond E.T.F.s, iShares iBoxx High Yield Corporate and SPDR Barclays High Yield, are down 7.8 percent and 11 percent, respectively.
Investment-grade funds have done much better. The Vanguard Total bond index fund, which owns only investment-grade issues, was up 2.4 percent over that stretch, and the Pimco Total Return fund, the largest actively managed high-grade portfolio, scratched through with a rise of about 1 percent.
…
BloombergBusiness
Recession Risk in 2016, Fridson Says
Aleksandra Gjorgievska
January 12, 2016 — 9:00 AM PST
Updated on January 12, 2016 — 9:57 AM PST
The junk-bond market is indicating a 44 percent chance of a recession in the U.S. within one year, according to Martin Fridson, a money manager at Lehmann, Livian, Fridson Advisors LLC.
“I am not an economic forecaster — this is what the market is saying,” said Fridson, who started his career as a corporate-debt trader in 1976. “There are lots and lots of caveats, but if you accept all of the assumptions, it’s a pretty startling comment.”
…
Woeful earnings threaten to intensify stock-market bloodbath
By Wallace Witkowski
Published: Jan 16, 2016 10:36 a.m. ET
Another quarter of earnings declines follows worst start of year
FactSet
The prospect of four straight quarters of earnings declines is staring investors in the face on top of the worst multiweek selloff for stocks in years, and the worst start of the year ever.
For the year, the Dow Jones Industrial Average (DJIA, -2.39%) and the S&P 500 index (SPX, -2.16%) are down at least 8%, and the Nasdaq Composite Index (COMP, -2.74%) shed more than 10%.
Stocks also rang up a third week of losses for their largest multiweek percentage drop since the four weeks ended Aug. 19, 2011, according to FactSet data. Over the past three weeks, both the S&P 500 and the Dow industrials have declined 8.9%, and the Nasdaq has fallen 11.1%. For the four weeks ended Aug. 19, 2011, the S&P 500 has fallen 16.5%, the Dow is down 14.7%, and the Nasdaq dropped 18.1%.
Those hefty losses come as earnings season ramps up during the holiday-shortened week. Several companies on the S&P 500, along with seven Dow components, report quarterly results. And earnings season isn’t looking promising.
Total earnings for the S&P 500 in the fourth quarter are expected to decline from the previous year, even factoring that Wall Street forecasts’ have been lowered.
Over the past four years, estimates for S&P 500 earnings at the end of a given quarter have been an average three percentage points lower than the actual earnings results, according to John Butters, senior earnings analyst at FactSet.
Earnings were estimated to decline by 4.9% at the end of the fourth quarter, that would translate to a 1.9% decline if the average holds up. Currently, earnings are on pace for 5.7% drop.
Plus, current-quarter earnings estimates have taken a notable downturn in the past week.
First-quarter earnings for the S&P 500 are expected to decline from the year-ago period by 0.6%, compared with estimated growth of 0.9% at the beginning of the quarter, according to FactSet data.
…
There’s just too much grim investing news to even begin to report it all. Time to go back into winter hibernation!
Do u think your pal GARTMAN will change his mind on oil again this week?
He was bullish, then bearish, bullish last week.
Do the opposite of what he says.
He is like our unicorn hunter.
Gartman is the best contrarian indicator of all time.
Markets
Global Stocks Waver on China, Oil-Price Concerns
Crude oil futures fall below $29 a barrel after Iran sanctions lifted
By Riva Gold
Updated Jan. 18, 2016 8:28 a.m. ET
Global stocks struggled for direction Monday as lingering concerns about China’s economy and renewed volatility in oil prices kept investors cautious.
…
Top News
Mon Jan 18, 2016 | 7:56 AM EST
Europe struggles to lift global gloom
Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, January 14, 2016.
Reuters/Staff/Remote
Europe struggles to lift global gloomX
By Jamie McGeever
LONDON (Reuters) - At attempted rebound in European stocks quickly fizzled out on Monday after markets around the world and oil prices slumped to multi-year lows amid persistent worries over global growth.
Middle Eastern stocks plunged overnight, catching up with the fall across global bourses on Friday, while the prospect of a jump in Iranian crude exports after the lifting of sanctions against the country weighed heavily on oil.
With U.S. markets closed for the Martin Luther King Day holiday, equity bulls were relying on Europe to fight back from the worst ever start to a year. The main European indices have lost as much as 10 percent in just two weeks.
…
theguardian
Business Live
Stocks turmoil: European markets volatile after oil falls through $28 - live updates
All the latest economic and financial news, as world markets continue to gyrate amid fears over China’s economy
Latest: European markets sag after early rally
Stiglitz: China fears are overblown
Japan on brink of bear market
Oil falls though $28 after Iranian santions lifted
LIVE Updated 1m ago
The Australian Stock Exchange in Sydney, Australia, where shares fell sharply
Photograph: Paul Miller/EPA
Graeme Wearden
Monday 18 January 2016 09.05 EST
4h ago Indian stock market hits lowest level since May 2014
5h ago European markets rebound
6h ago Oil hits $27.76 per barrel
6h ago Hong Kong stocks hit three-year low
6h ago Japan flirts with bear market
6h ago Introduction: Another week of drama looms
BloombergBusiness
Shipyards Vanish as China Loses Appetite for Iron Ore: Chart
Kyunghee Park
January 11, 2016 — 1:00 PM PST
Workers take a break near a ship under construction at Longxue Shipyard in Guangzhou.
Photographer: Qilai Shen/Bloomberg
About 140 Chinese shipyards went out of business since 2010
Dependence on bulk carriers a risk amid low freight rates
The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders, raising the odds that more shipyards will soon be shuttered.
About 140 yards in the world’s second-biggest shipbuilding nation have gone out of business since 2010, and more are expected to close in the next two years after only 69 won orders for vessels last year, JPMorgan Chase & Co. analysts Sokje Lee and Minsung Lee wrote in a Jan. 6 report. That compares with 126 shipyards that fielded orders in 2014 and 147 in 2013.
…
TLT (Long Bond ETF) is doing great. It’s 20% of the portfolio, the rest in cash. The sell off will be fun to watch.
fried chicken flatbread u-pick 2 half classic cafe salad+ 1/2 smoked turkey,mango smoothie- MEd, tofu nut cookie
I’m no expert in technical analysis, but it sure looks like we are at a market top.
2016 Market Meltdown - Panic Time?
Jan. 18, 2016 5:07 PM ET|
Summary
2016 is off to the worst start ever in the stock markets.
Are you panicking?
Ways to control your emotions.
The financial media is filled with articles about the horrible start that 2016 is off to in the stock market. At the end of the second week of the new year, the stock markets have turned in their worst first two weeks in history.
All of the major indexes are down more than 10%, or “correction territory,” as it is known. The widely followed S&P 500 is down 8% YTD and almost 12% in the past 6 months.
…
I am feeling relaxed about my investments so far, and my savings that I don’t consider investments.
Buying more Litecoin
China’s economy grew 6.9 percent in 2015, a 25-year low
Leslie Shaffer
1 Hour Ago
CNBC.com
‘China doesn’t want to raise the bar too high’
If China was a patient, it’d be in long-term care: Economist
Chinese are jittery about the economy
China GDP is really growing at 4%: Dr. Doom
China’s economic growth rate slowed to a 25-year low of 6.9 percent in 2015, as the world’s second-largest economy continues to shift away from its manufacturing roots.
China’s economy grew 6.8 percent in the fourth quarter of 2015 from the same period last year, official data showed Tuesday.
The growth figures, still respectable by global standards, were in line with estimates for quarterly growth of 6.8 percent on-year, down from the third quarter’s 6.9 percent, according to a Reuters poll, which also found economists expected full-year growth at 6.9 percent, down from 2014’s 7.3 percent.
…
Barack Hussein Obama and the Democrat Party is the worst president on civil rights and race relations in half a century.
Salon dot com provides the following narrative:
“It is significant that Obama chose to quote from King’s Nobel Prize acceptance speech, and a reminder of the many links between the two men. They are two African Americans who have influenced American history in extraordinary ways, and two giants in the black struggle for freedom.
http://www.salon.com/2016/01/18/theyll_never_escape_white_rage_the_world_embraced_obama_and_mlk_their_countrymen_would_not/
Obama is a disgrace and an insult to the legacy of the civil rights movement.
Ending Jim Crow, Brown v. Board of Education, Rosa Parks, Little Rock, Freedom Riders, March on Washington.
And compare that with a beer summit, Trayvon Martin, and “that’s not who we are.”
Obama’s “legacy” is a f*ing joke. Maybe we’ll actually have a real black president in my lifetime.
Did Obama kill Trayvon Martin?
George Zimmerman killed Trayvon Martin.
Obama is a cheap race hustler, not a civil rights leader. Realtors are more qualified to be president than Obama, and that says alot.
Obama rescued us from the deep Bush Recession and kept us out of war with Iran. A truly fiscal conservative POTUS.
“Obama rescued us from the deep Bush Recession…”
Actually Dubya rescued himself from a technical recession when his administration mailed checks to everyone; no recession during his watch in the history books. BTW, I applied my check toward mortgage principal rather than shopping.
“I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.”
Read it or watch it or listens to it today.
http://www.americanrhetoric.com/speeches/mlkihaveadream.htm
Not there yet.
The Dirty Truth Behind Trump’s Success?
What if Trump is winning because of his racism and bigotry, not despite it?
By Jamelle Bouie
Republican presidential candidate Donald Trump peers out into the crowd during a campaign event at the International Air Response facility on Dec. 16, 2015 in Mesa, Arizona.
Photo by Ralph Freso/Getty Images
If you were one of the handful of Americans who watched Saturday’s Democratic presidential debate, you saw Sen. Bernie Sanders make an extended and impassioned statement against Donald Trump, tying his success to inequality and insecurity in the American economy.
“[T]hey’re looking around them,” said Sanders of ordinary Americans, “and they’re looking at Washington, and they’re saying the rich are getting much richer, I’m getting poorer, what are you going to do about it? What are you going to do for my kids?”
In that environment, says Sanders, a Trump-type can seduce. “[S]omebody like a Trump comes along and says, ‘I know the answers. The answer is that all of the Mexicans, they’re criminals and rapists, we’ve got to hate the Mexicans. Those are your enemies. We hate all the Muslims, because all of the Muslims are terrorists. We’ve got to hate the Muslims.’ Meanwhile, the rich get richer.”
…
It’s not trumps fault your wife or girlfriend is Muslim and that this causes you to view everything on the topic through irrational bias
Reason tells trumplings that all muslims are the devil, and are coming down the chimney to rape their pets.
Neither my wife nor my girlfriend is Muslim. But I have lived in California long enough to have a number of friends, coworkers and casual acquaintences who either are Muslims or who are closely connected to Muslims.
None of these people are terrorists. A number of them are war refugees.
Easily 95 percent of the way there. Easily.
This blog proves otherwise.
A small sample of extreme Trumplings posting propaganda on a blog proves nothing.
What is the difference between racism and a backlash against reverse racism?
Maybe you have a point there, Professor. On the other hand, the next time Raymond or phony posts a link to a Zerohedge or Breitbart article about Muslims in Germany or blacks in Baltimore, go check it out. You’ll see thousands or angry, barely coherent rants about various non-white peoples.
Here’s something more substantial.
Temp agency workers detail pressure to discriminate at Alabama-based temp agency
By Will Evans, Reveal
By all accounts, Automation Personnel Services Inc. aims to please its customers.
For just over a quarter-century, the Alabama-based temp agency has provided temporary workers to industrial companies and warehouses in the South, and its dedication to clients shines through its motto: “We built our success helping you succeed.”
But that focus on customer service can be treacherous. When its clients wanted to hire temp workers based on race, sex or age, Automation was happy to oblige, according to dozens of former employees.
Often, the practice was blatant. A manager at a Georgia manufacturing plant asked Christie Ragland not to send him “any black thugs,” she said. Ragland, a former Automation office manager until early 2015, said her boss told her to give the client what he wanted. And in Memphis, Tennessee, Josie Hernandez said her branch manager would comment, “Don’t hire that damn n—er,” and ordered her to send only Latinos to a flower delivery company.
Other times, Automation staff members used veiled language. At the company’s Chattanooga, Tennessee, branch, a request for white men was known as an order for “country boys,” according to three former employees.
Whether it was a preference for Latino workers or for whites only, the people on the losing end usually were black, according to former employees at branches in six states.
http://www.al.com/news/index.ssf/2016/01/temp_agency_workers_detail_pre.html
Of the five goals mentioned in the “when will you be satisfied” paragraph of the speech, 4 have long been achieved. The fifth, concerning police brutality, is a nonissue affecting a miniscule portion of the population.
The fifth, concerning police brutality, is a nonissue affecting a miniscule portion of the population
Yeah, just black people.
Lola…. you couldn’t care less about black people. You’re foolin’ anyone with that bs.
Planning vacations this year and I see a lot of currency devaluation.
The peso is 18.17 to the U$ dollar!
The Au$ is 1.45 to the U$ dollar!
The euro is .92 to the U$ dollar!
Traveling abroad is 30-50% cheaper than I remember. If only I did have to stay home and work for a living!
I do find it amazing the Fed can create 4-5 trillion$ out of thin air and the dollar still appreciates!
Ooop, left out “not”. If only I did NOT have to stay home and work….
I would love to teavel, particularly at these exchange rates.
The real point today for the HBB is how can the dollar appreciate so much 2-3 years, when we are also printing so much money?
I remember in 2007-8 Ben was seeking offshore bank accounts because we all thought the dollar was dropping in value (…and rightly so)!
the dollar is in a massive bubble.
Fraud is not a job
It works for you! HA! Get it? HA!
See Jingle_Fraud? Your reputation around here is well established.
“I do find it amazing the Fed can create 4-5 trillion$ out of thin air and the dollar still appreciates!”
Creating lots of money out of this air is one thing, getting it circulating is quite another …
https://research.stlouisfed.org/fred2/series/M2V
Interesting.
I’m gonna spend the summer mountain biking in canada!
I do find it amazing the Fed can create 4-5 trillion$ out of thin air and the dollar still appreciates!
That’s because the other central bankers are printing even more “stimulus” than we are. We have the most fingers left in the leper colony.
I’m listening to an interesting podcast on the central banking activities post crash.
Some anti-Bernanke comments:
EconTalk podcast from 12/14/15 with George Selgin.
He would say that the reason the $4T of magic money hasn’t resulted in devaluation/inflation, etc., is that the Fed made efforts to keep that money out of circulation. And so we got a pumped up Fed balance sheet without any increase in lending/spending.
Nailed it.
Another neocon success story.
http://www.foxnews.com/world/2016/01/17/iraqi-city-ramadi-once-home-to-500000-lies-in-ruins.html?intcmp=hpbt3
The number 500,000 has such a nice ring to it, doesn’t it?
Here Madeleine Albright tells us that 500,000 dead Iraqi children was “worth it”
https://www.youtube.com/watch?v=omnskeu-puE
Did you know that Richard Perle lives in a villa in the South of France?
Bernie calls out Hillary for her influence-peddling on behalf of her Wall Street puppetmasters.
http://www.breitbart.com/big-government/2016/01/17/hillary-clinton-gets-hammered-on-her-wall-street-donations/
Did he shill for her last night though? Give her a pass and shake her hand like in the last 2 to give everyone the impression that these are just minor differences between them or did he call her out for the corrupt snake she is? Some Lola today must surely be able to tell us of the criticisms Bernie leveled at her in last nights debate from having watched it.
So Breitbart is now run by Lolas. Now we know what a Lola is.
Did you actually watch? Doubtful.
I watched part of the debate, but that’s not relevant to my point.
You commented on my comment asking whether anyone actually watched it and could say first hand what happened. You now admit you didn’t watch it.
Breitbart wrote something about the debate, so Breitbart must be a Lola. I told you that I watched part of it.
Speculation on your part but know you’re a Lola.
Drudge Report link reports on racist Europeans being racist against muslims, never mind that islam is a religion and not a race, cuz they’re still racist:
http://news.yahoo.com/czech-leader-says-muslims-impossible-integrate-europe-152159208.html
if one good thing has come out of this hot button issue it is pointing out the PC hypocrites here who pretend to be objective (and also defend marriage to 6 yr olds) while having no problem calling others names.
Comment by Professor Bear
2016-01-17 19:16:47
“Amazon”
Great word choice to counter the thin-skinned political correctness vigilantes…
That was Ben Jones’ choice of names. I was just complementing him on the choice.
“amazon”
Actually, it was antiwar dotcom’s choice of words. I pointed out that if one wants a political movement to progress beyond a pack of old fools taking over a bird sanctuary, one should try not to needlessly drive off large groups of people who might otherwise be supporters.
Those who oppose such a political movement, however, would be wise to pretend to join it and, while purporting to represent it, insult large groups of people.
Like many we see here.
if one good thing has come out of this hot button issue it is pointing out the PC hypocrites here who pretend to be objective (and also defend marriage to 6 yr olds) while having no problem calling others names.
Comment by Professor Bear
2016-01-17 19:16:47
“Amazon”
I can’t see how that shows that Professor Bear is a hypocrite.
I chalk it up as a feeble attempt at an ad hominem attack by a feeble minded poster.
They may also be gearing up for President Hillary. An argument has been put out there for the last seven years that racism in America was eliminated many years ago and that the big problem today is false accusations of racism made by blacks and self-hating white liberals against decent, hard-working white conservative men. Of course, there’s rarely any evidence stated to support that argument. Now, with the possibility of a female president, they’re going to pivot to making the same argument about sexism.
Breitbart dot com provides a globalist narrative on Rubio:
http://www.breitbart.com/big-government/2016/01/17/marco-rubio-some-illegal-immigrants-can-stay-in-america/
Globalists gonna globe.
Washington Times (published by the Unification Church, it’s a Moonie rag) has a subsection titled “Threat Assessment” with new articles every day, because fear is all that neocons have left to sell:
“With the development of Russia arming Hezbollah, selling Iran sophisticated weapons, building Iranian nuclear plants, and building up its forces in the region, President Vladimir Putin has re-established a Russian presence in the Middle East that is not going away anytime soon, at the expense of the interests of the United States.
http://www.washingtontimes.com/news/2016/jan/15/l-todd-wood-russia-syria-deal-grants-open-ended-mi/
How much is a multi-front ground war with Russia, Iran, Iraq, Syria going to cost American taxpayers?
And what are “the interests of the United States” by the way? Appeasing 40% of the Republican primary electorate by promising to hasten the Rapture?
Neocons gonna neocon.
I went to World Net Daily to get my base rallied and they link to a ZeroHedge piece about Syria before and after U.S. intervention:
http://www.zerohedge.com/news/2016-01-17/syria-4-years-shocking-images-post-us-intervention-nation
I’ll reiterate what I said yesterday that William Kristol should be dropped out of a helicopter naked into Raqqa, Syria so that ISIS can take custody of him and subject him to his very own personal Nuremburg war crimes trial.
The book Empire of Fear: Inside the Islamic State by Andrew Hosken details some of what they do, and considering that Kristol is directly responsible for the torture and deaths of millions, let them have him.
American taxpayers and voters are being played for suckers and fools.
“American taxpayers and voters are being played for suckers and fools.”
IOW the beat goes on.
New York Times real journalists report “the United States has sought potential ground forces in a patchwork of militias”
http://www.nytimes.com/2016/01/19/world/middleeast/in-libya-us-courts-unreliable-allies-to-counter-isis.html
A patchwork? The national debt is now twenty trillion dollars. Do you feel like you’re getting your money’s worth? Madeleine Albright told us that 500,000 dead Iraqi children was worth it. King Obama told us that he’s really good at killing people.
Really good but perhaps not good enough, so it’s time to double down on failed neocon ideology by getting in bed with some randoms in Libya.
Elect Trump/Hillary and you deserve everything you’ve got coming.
Washington Post real journalists report on conflicting formats of Sky Wizardry:
“More than three months of violent assaults by Palestinians against Israelis show no signs of abating. Twenty-four Israelis have been killed; more than 140 Palestinians have been killed carrying out attacks or were shot by Israeli forces during clashes.
Now, Israel appears to be stepping up its punitive response by fast-tracking the demolition of homes where the attackers lived. In the past two weeks, three Palestinian homes in Jerusalem and the occupied West Bank have been destroyed by the military. Many more have been measured for future demolition or their occupants served with demolition orders.”
https://www.washingtonpost.com/world/middle_east/israel-steps-up-home-demolitions-to-punish-palestinian-attackers/2016/01/16/7c198910-b4a3-11e5-8abc-d09392edc612_story.html
For some reason, American taxpayers are expected to be responsible for paying for this. I don’t remember voting to pay for this. Did you vote to pay for this?
Warmist Warming Monday (I’m talking to you phony):
“That’s why Bangladesh is encouraged by – though not entirely satisfied with – the progress made at the United Nations climate summit in Paris last month. It is vital that nations agreed to work together to rein in man-made emissions that contribute to global warming.
In particular, the world’s richest nations must help the poorest ones pay for new technology that will enable them to generate more energy from renewable sources and also save energy by using energy-efficient appliances. Another area of support from wealthier nations should come from the field of scientific research aimed at smarter and cheaper means of mitigation and adaptation. All nations, big or small, need to put their heads together to combat this global threat.
http://www.usnews.com/news/the-report/articles/2016-01-18/climate-change-after-paris
I thought George Harrison took care of all of this with a benefit concert in 1971? Every time I turn around another warmist has their hand in my pocket. And as Built To Spill once sang, “it’s so hard to read in bad light.”
Bob Geldoff gave the Live Aid money directly to a dictator to buy weapons. Even after he was specifically warned not to release the funds or that would happen. All that money supposed to go for food went to killing.
IMMEDIATE BROADCAST REQUESTED COASTAL HAZARD MESSAGE
Although I don’t have a satellite or a government grant, I checked the Atlantic Ocean this weekend.
It is right where it was in 1982.
We will keep you updated on this story while it develops!
Warmists gonna warm.
David Bowie’s ‘Blackstar’ Bumps Adele Out of No. 1 on the Sales Chart:
“David Bowie finally has a No. 1 album on the U.S. sales chart — a week after the British music, fashion and art icon died at age 69.
Billboard reported Sunday that “Blackstar” — which Bowie released on his birthday, Jan. 8, two days before his death — bumped Adele out of the top spot on the Billboard 200 chart. The rankings are based on data from Nielsen Music.
http://blogs.wsj.com/speakeasy/2016/01/17/david-bowies-blackstar-bumps-adele-out-of-no-1-on-the-sales-chart/
And because it’s Monday, here’s Adele looking good on the cover of Vogue:
https://img.washingtonpost.com/rf/image_1484w/WashingtonPost/Content/Blogs/celebritology/Images/People_Adele_02b38-2098.jpg?uuid=4sKWqFZuEeGtp1GosVbTGg
Neocons gonna neocon, it’s a bipartisan production:
“The Republican head of the House Homeland Security Committee is warning that the Obama administration’s decision to lift sanctions as part of the Iran nuclear deal will bankroll terrorism at the expense of the United States and its allies.
“I have said from the start that the Iran deal was little more than a negotiation with terrorists. And now with its implementation, we can see clearly one of the dangers it will bring to the free world,” McCaul said in a statement. “The administration is unfreezing billions of dollars for the Iranian government, which will enhance its bankrolling of terrorism, perpetuate its repression, and fuel its efforts to oppose America and our allies in the region and beyond.”
“We remain steadfast in opposing Iran’s destabilizing behavior elsewhere, including its threats against Israel and our Gulf partners, and its support for violent proxies in places like Syria and Yemen,” Obama said.
“Iran’s missile program poses a direct threat to our allies and continues to destabilize the region,” Rep. Eliot Engel (N.Y.), senior Democrat on the House Foreign Affairs Committee, said in a statement. “Iranian leaders should be on notice that the nuclear deal won’t excuse their continued dangerous behavior.”
http://thehill.com/policy/national-security/266207-homeland-security-chairman-lifting-sanctions-bankrolls-terrorism
There are no “allies” to the United States in the Middle East.
American taxpayers are being bled dry to pay for this.
Because Iran bombed us on 9/11 and funds Isis and global terrorism? While Saudi Arabia is our friend?
Why have all but one candidate abandoned me?
Bernie loves ya!
Barney Saunders is pro-debt slavery.
You are lucky that Hillary is there for you.
Because you never vote for the right one.
I care about immigration. So do all my blue collar buddies down at work. Is there anyone we can vote for who isn’t proAmnesty open borders? Hmmm…
Here’s a good quick test for you and your buddies to use when evaluating a candidate on illegal immigration:
If the candidate talks about prosecuting employers of illegals, he may be for real.
If the candidate talks about building a continent-spanning wall and making Mexico pay for it, you’re being played for a fool. Again.
Where have all the good candidates gone?
“Where have all the good candidates gone?”
To Orgy Island?
“To Orgy Island?”
Have you tried the veal?
http://picpaste.com/virginia-roberts.jpg
Politico dot com provides a Trump narrative:
“If I asked you what most defines Donald Trump supporters, what would you say? They’re white? They’re poor? They’re uneducated?
You’d be wrong.
In fact, I’ve found a single statistically significant variable predicts whether a voter supports Trump—and it’s not race, income or education levels: It’s authoritarianism.
That’s right, Trump’s electoral strength—and his staying power—have been buoyed, above all, by Americans with authoritarian inclinations. And because of the prevalence of authoritarians in the American electorate, among Democrats as well as Republicans, it’s very possible that Trump’s fan base will continue to grow.
http://www.politico.com/magazine/story/2016/01/donald-trump-2016-authoritarian-213533
“This sucker could go down” — George W. Bush
“It’s authoritarianism”
Insecure, angry, fear-ridden people crave a Big Daddy demagogue to protect them from the many menacing hobgoblins that keep them up at night.
“Insecure, angry, fear-ridden people crave a Big Daddy demagogue to protect them from the many menacing hobgoblins that keep them up at night.”
This post can be found in Utah at the NSA’s 1.5 million square foot ‘Spy Center’.
All your posts are belong to us.
Advice for Edward Snowden.
Do NOT grant Sean Penn an interview.
I saw him on 60 Minutes last night.
He should have stuck with playing Jeff Spicoli and banging Madonna.
I am generally not a fan of Sean Penn and when I first heard about the Chapo thing, I sort of groaned because I thought he was just being an attention whore.
However, after seeing the interview on 60 Minutes, I found myself, against my will, rather admiring the guy for his clumsy attempt to bring attention to the US’s long running specious “War on Drugs”. My takeaway was that he was sincere about it, and I suspect that he has a kid who has been adversely affected by drugs and he’s dealing with that.
I think Penn really does want to put his fame and fortune to work and make a difference of some sort. I think his efforts in Haiti sort of came to naught and he took a loss because of it. I hope he continues to pursue bringing attention to the “War on Drugs”, because we’ve got a big problem in the US right now with addiction of all sorts.
With that said, Charlie Rose is the one who gives me the dry heaves.
penn seems like a genuine dude. At least he takes a stand on stuff. He doesn’t have to. He has made his money.
Advice for Edward Snowden.
Don’t attend Trump’s next wedding.
No one could have seen this coming…
Government controls 90% of the market.
Why don’t we have affordable housing?
Why don’t we have affordable healthcare?
Why don’t we have affordable higher education?
Bigger and bigger government can solve this!
————–
Now Obama Bank Regulators Scheming To Degrade Mortgage Credit Scoring
Investor’s Business Daily | 1/15/16 | Editorial Board
Subprime 2.0: In an orchestrated assault on the credit standards underpinning mortgages, no fewer than four Obama agencies have gone to war against FICO. If politicians don’t want another bank crisis, they’ll stop the attack.
Home loan approvals hinge on FICO credit scores. But the Obama regime views FICO scoring as too strict, cutting off millions of low-income minorities and immigrants from mortgages. So it’s pressuring Fannie and Freddie, which control 90% of the mortgage market and set the underwriting standards for the entire mortgage industry, to abandon FICO for a softer standard in evaluating credit risk.
Obama’s regulators look favorably on “nontraditional credit” like rent, utility payments and other factors that, studies show, have little value in predicting default risk.
This will end badly, just like the last time the government went all in to the subprime lending business.
They will default and get bailed out again. This is what happens when you get away from sound money.
They will default and get bailed out again. This is what happens when you get away from sound money.
This is what happens when 95% of the electorate are stupid and vote for Wall Street water carriers who let a private banking cartel control our money issuance and engage in blatant racketeering and counterfeiting to enable their financial sector cohorts to amass all wealth and power in their own greedy hands.
There, fixed it for you.
Thats true ray but they keep getting two candidates to choose from that basically do the same old sh@t.
Do all these folks really have a choice?
“…sound money.”
Oxymoron?
Gotta keep those high prices elevated else all that the equity, that “wealth”, that is a creation of high prices will poof out of existence.
Nike has it right: JUST DO IT!
the wealth is always temporary. The smart money cashes out at the top. They know the game wont last.
Has yellen got her marching orders from POTUS?
Like middle aged people, young people are dying off in higher numbers n the wake of Generation Greed.
http://www.nytimes.com/2016/01/17/science/drug-overdoses-propel-rise-in-mortality-rates-of-young-whites.html?_r=0
Which is no surprise.
https://larrylittlefield.wordpress.com/2015/11/08/death-is-the-ultimate-statistic-ii-the-most-important-news-in-ten-years/
Darwin.
Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger
As the crash in commodities prices spreads economic woe across the developing world, Europe could face a wave of migration that will eclipse today’s refugee crisis, says Klaus Schwab, executive chairman of the World Economic Forum.
“Look how many countries in Africa, for example, depend on the income from oil exports,” Schwab said in an interview ahead of the WEF’s 46th annual meeting, in the Swiss resort of Davos. “Now imagine 1 billion inhabitants, imagine they all move north.”
Whereas much of the discussion about commodities has focused on the economic and market impact, Schwab said he’s concerned that it will also spur “a substantial social breakdown.”
That fits into what Schwab, the founder of the WEF, calls the time of “unexpected consequences” we now live in. In the modern era, it’s harder for policy makers to know the impact of their actions, which has led to “erosion of trust in decision makers.”
http://www.bloomberg.com/news/articles/2016-01-18/wef-boss-schwab-warns-commodities-rout-could-spur-more-migration
climate change?
Climate change leads to webbed feet.
Janet yellen is the only person who can save the market from crashing.
Do we go the way of japan?
Or does she finally take a stand and let bloated stock prices collapse?
What amazes me is that we have a small group of people acting like they can control the economy.
What amazes me is that 95% of the electorate bends over on demand for the corrupt and venal .1% in the financial sector by voting for their captured Establishment water carriers.
QE’s success relies on the FED’s ability to raise rates.
If they cannot raise rates after 7 years of stimulus then it was a complete failure and did not work.
So why keep doing it?
why dont these politicians fix the real problems in the economy?
Got popcorn?
http://www.businessinsider.com/albert-edwards-societe-generales-woodstock-for-bears-financial-crisis-prediction-2016-1
Goldman Sachs owns Hillary. Goldman Sachs owns Ted Cruz.
http://www.businessinsider.com/bernie-sanders-hillary-clinton-goldman-democratic-debate-2016-1
The Oligopoly’s media border collies are assuring the proles that all is well. We’ll see about that.
http://money.cnn.com/2016/01/07/investing/stocks-market-not-panic/
economies that export commodities are basically in the sh@tter right now.
Ya think!?
I want to enroll in your class.
Update: Oil Craters Through Support; New 52 Week Low
http://www.marketwatch.com/investing/future/crude%20oil%20-%20electronic
Do you long for the days when AlbqDan would change the subject at this point to drilling rig counts?
what happened to peak oil?
Remember all that bs when goldman had oil at 150?
I guess we were really getting scr@wed back then.
The day of 2banana’s VDE investment draws closer…
Are you going to tell us about your timing the day after you buy?
I can - but it will be not all at once. Dollar cost average in on a monthly basis for probably 2 years…
Maybe you can generate a Buffet “coattail effect” by divulging the timing of your strategy.
Hillary and Barney try to out Racist each other.
Clinton And Sanders Call Out America’s Racist Criminal Justice System
by Alice Ollstein Jan 17, 2016 10:05 pm
“There needs to be a concerted effort to address the systemic racism in our criminal justice system,” Hillary Clinton told Holt. “That requires a very clear agenda for retraining police officers, looking at ways to end racial profiling, and finding more ways to really bring the disparities that stalk our country into high relief. One out of three African American men may well end up going to prison. That’s the statistic. I want people here to think what we would be doing if it was one out of three white men. And very often the black men are arrested, convicted, and incarcerated for offenses that do not lead to the same results for white men. So we have a very serious problem that we can no longer ignore.”
Like Clinton, Sen. Bernie Sanders gave an answer that could have been lifted directly from The New Jim Crow — one that explored the connections between poverty, race, and mass incarceration.
“We have a criminal justice system which is broken,” he said. “Who in America is satisfied that we have more people in jail than any other country on earth, including China? [And those people are] disproportionally African American and Latino. Who is satisfied that 51 percent of African American, young people, are either unemployed or underemployed? Who is satisfied that millions of people have police records for possessing marijuana when the CEOs of Wall Street companies who destroyed our economy have no police record?”
thinkprogress.org/…/2016/01/17/3740372/dem-debate-racism-criminal-justice/ - 91k -
If you haven’t spent some prenatal time in jail/prison then you’re not true rapper material.
Got MS13?
Surprised there isn’t a debate wrap-up on here. Here’s mine:
The debate: WTF? They almost completed ignored O’Malley. Pathetic treatment. A ton of immature bickering with a constant “talk over the other one” and get as much time as possible. The moderators sucked. “Your time is up” and then let the person keep on talking. How about shutting off the mic? And “question for Hillary, Rebuttal for Bernie, now let’s move on to the next question, for Bernie”. Hello?? There’s three people there! Jeebus.
Bernie: Here’s that angry, old white male “professor” is always talking about. He came across as old, angry, and self-righteous. Lectured me to death. He must know everything. A real know-it-all Dutch uncle. No thanks.
Hillary: Smarmy, smug and self-assured. Attempted valiantly to associate herself with Mr. Obama - heck she even advised him on some things. She wants you to believe that a vote for her is a vote for Mr. Obama. C’mon America…We left and fought against Monarchy a long time ago. Why do the sheeple want to bring it back? F dynasties. No Chelsea for president some day, either. What the hell is wrong with people? She’s greasy. No, thanks.
O’Malley: Hadn’t seen him before. He seemed to be the only one who wasn’t getting tangled up in bickering. Amazing restraint not to tell the moderators “WTF is your problem??” He pretty much talked about what he’s done and what he could do. Of those three, he seemed head and shoulders above the other two in maturity. How come he doesn’t get any love? I’ll have to check out his website.
I missed the debate (have missed all of them so far, in fact!).
Who had the best hair?
“I missed the debate (have missed all of them so far, in fact!).”
Here you go Brofessor
It’s about the same thing as watching Hillary and Barney.
One Flew Over The Cuckoo’s Nest 1975 Best scene - YouTube
http://www.youtube.com/watch?v=LBHN7aJGogY - 368k -
I’m gonna laugh if bernie starts winning all the primaries.
“I’m gonna laugh if bernie starts winning all the primaries.”
Anything is possible.
Hillary Supporters: REPEAL the BILL of RIGHTS Petition … - YouTube
http://www.youtube.com/watch?v=xEzCFgltYuY - 385k - Cached - Similar pages
8 hours ago … Hillary Supporters Want Her to Repeal the Bill of Rights if Elected … the BILL of RIGHTS Petition Signed After Told She Needs Help for the Plan.
I’m gonna laugh if bernie starts winning all the primaries.
Bernie Sanders wants all Americans to enjoy the same single payer health care system that we provide for Israel.
Bernie wants to bring the cost down. this is good! Falling prices are good for the economy.
fiscal conservatives
Barney Saunders is pro debt slavery.
If this race gets any tighter Barnie Sanders will be saying…
These questions annoy me but Bill Clinton was trying to make a humidor out of his 22 year-old intern in a room next to the Oval Office.
Have I ever once said word about that issue? No I have not.
Democratic Debate: Bernie Sanders Calls Bill Clinton’s Behavior ‘Deplorable’
by Emma Margolin
Jan 17 2016, 11:55 pm ET
Bernie Sanders Says Bill Clinton’s ‘Behavior Was Deplorable’ 0:58
Democratic presidential candidate Bernie Sanders attempted to take the high road when asked during Sunday night’s primary debate in Charleston, South Carolina, about the extramarital affair of his chief rival’s husband, former President Bill Clinton, saying such questions “annoy” him.
In practically the same breath, however, the Vermont senator also managed to work in a dig.
“Yes, his behavior was deplorable,” Sanders said, referring to Clinton’s affair with White House intern Monica Lewinsky. “Have I ever once said word about that issue? No I have not.”
Who had the best hair?
I actually don’t get wrapped up in stuff like that. A person’s hair has no affect on their abilities.
Too bad you’re missing all of the primary sources. I prefer to see things for myself rather than have some third party interpret for me.
I haven’t watched any debates. Was in Canada this weekend and saw a press piece for the Hillary campaign. All the pictures were of her 20 years younger. Do Canadians get to vote in our election?
Here’s that angry, old white male “professor” is always talking about. He came across as old, angry, and self-righteous. Lectured me to death. He must know everything.
Yeah, all those smarty pants people with book learnin’ and fancy high school diplomas are so annoying. Politicians who spout the thoughts that they made up are much more fun.
Mighty
You need some new material.
Yeah, all those smarty pants people with book learnin’ and fancy high school diplomas are so annoying. Politicians who spout the thoughts that they made up are much more fun.
MightyMike with the false dichotomy for the loss!
Sorry, play again!
So I just heard a wrap up of the debate on the news. Hillary attacked Bernie for not being a gun grabber. By contrast, Bernie signaled his intent to break up the too-big-to-fail banks and bring back Glass-Steagall.
What’s not to like about Sanders?
P.S. I also just heard Hillary quoted on the radio. Is she taking treatments to make her voice sound more masculine and authoritarian?
“What’s not to like about Sanders?”
1. He’s a career politician who’s never had a real job.
2. Based on his views on how 90% marginal tax rates are fine, he has no idea how incentives drive people’s behavior, investment, and the economy.
The dude is completely out of touch.
Oppressor Bear doesn’t care about anything but making wrong economic predictions then pretending he didn’t take a side.
Bringing back Glass-Steagal would be a huge step in the right direction. No wonder the Clintons are fighting it tooth and nail, since they raked in so much payola for Bill ramroding through its repeal on the “advice” of his Citibank-owned Treasury Secretary, Robert Rubin. The rest, as they say, is history.
“Is she taking treatments to make her voice sound more masculine and authoritarian?”
No wood for Bill.
“Its phony wealth if your not getting any of it.”
Haha… true!
“…if your not…”
“…if you’re not…”
Another Great Recession threatens world financial markets
Published: Jan 12, 2016 7:18 a.m. ET
Mr. Global Economy is comatose and not improving
By Satyajit Das
Mr. Global Economy has spent much of the past seven years in an induced coma, with only a modest recovery from the Great Recession. The root causes of the life-threatening 2008-09 financial crisis remain unaddressed. Debt levels are higher now, and imbalances remain.
Structural changes have proved difficult. Growth, a vital sign, remains below trend. The IMF has slashed global growth forecasts four times in the last year. Trade growth, another key indicator, is weak. In recent history, trade growth has averaged double economic growth rates. But now trade growth is below economic growth rates, suggesting further falls in activity. It may also signal a slowdown in cross-border financing of trade and a shift towards autarky or closed economies as the benefits of globalization diminish.
Disinflation or deflation remains a concern. Normally, stable or falling prices would not be problematic. However, Mr. Global Economy’s high debt levels would become unmanageable under such conditions. Efforts to boost inflation have failed. With sharply lower commodity prices and overcapacity in many industries, the chances for improvement are low. Low- or negative interest rates, in part engineered to manage Mr. Global Economy’s elevated debt levels, signal that higher inflation is unlikely.
More than half of Americans are at risk of being of unable to cover essential living expenses during retirement, according to a recent study. Financial expert Chris Hogan joins Lunch Break with Tanya Rivero to discuss ways to invest wisely to prepare for retirement. Photo: iStock/UberImages
Mr. Global Economy’s various parts are performing unevenly.
U.S. growth, at around 2% annual, remains subpar. America’s improvement has been driven by a lower dollar, growth in emerging markets, and a revitalized energy sector that is now reversing.
Moreover, employment gains are overstated by falls in the participation rate; employment as a percentage of the population has not recovered. The bulk of new jobs are poorly paid, lack job security and progression. Hours worked and wage growth is weak. As a consequence, consumption and investment remain fragile.
The expectation was that by now the U.S. would be able to go off its low-interest-rate medication. This is still the plan, but higher rates may curtail progress. Investment, already slow, may fall. A stronger dollar (DXY, +0.16%) affects corporate profits and export competitiveness, and may trigger financial market instability.
…
” It is very similar to what you get before you slip into a crisis. Also, it’s earnings season and because of that many corporate buybacks have to be paused during this period. That removes an important potential support for the market. Over the last year, companies buying back their own stock have put more money into the market than all of the public has. The cessation of those buybacks is probably a reason why we’re seeing the rather sharp selling that has occurred.”
“Forced selling and margin calls are very hard to deal with because such an investor basically has no latitude. Positions must be sold at any price and that’s very difficult for the market.”
“When you look closer into the numbers you see that 280’000 of those jobs were seasonal adjustments. In other words it wasn’t physical people standing there, it was an assumption by the Bureau of Labor Statistics.”
“Yes, I thinks so. I believe we may be back at zero percent interest rates before we see one percent interest rates. I think the Fed will wind up having to do that to try to avoid a recession. Before they moved Christine Lagarde, the head of the IMF, told them they shouldn’t move. Larry Summers, the former secretary of the Treasury, told them they shouldn’t move. The Bank of International Settlements told them they shouldn’t move. But they insisted upon it and I think part of the turmoil that we are seeing now is indirectly connected with the Fed’s decision to go ahead.”
http://www.zerohedge.com/news/2016-01-18/cashins-ominous-warning-what-you-get-you-slip-crisis
In reference to the article above do any of you know why corporate buybacks slow in earnings season?
Why does everybody keep insisting stock prices stay artificially high?
My wife works for a public company. Prior to earnings, employees are in a quiet period (ie. they can’t sell or buy stock). I would assume that the same holds true for the company itself.
It would be akin to insider trading, wouldn’t it?
The stupid, it burns - Hillary supporters sign petition to end the Bill of Rights.
http://www.theburningplatform.com/2016/01/18/hillary-supporters-repeal-the-bill-of-rights-petition-signed-after-told-she-needs-help-for-the-plan/
Who has more stupid supporters Hillary or Trump? I wonder what the college grad crowd would support?
Bernie is the choice among the educated people I know… And the white trash are for trump.
A snob with empty pockets. That’s a paradox.
2012 exit polls:
No College - Obama 51%
Some College - Obama 49%
College - Romney 51%
Postgrad - Obama 55%
2008 exit polls
No College - Obama 53%
Some College - Obama 51%
College - Obama 50%
Postgrad - Obama 58%
Percentage of stupid people who voted for Obama, McCain, or Romney - 100%
And the white trash are for trump.
Why are some people so angry?
Donald Trump. An esteemed statesman with a squad of sexy strumpets.
And Down Through The Floor Goes Uh Craterin’ Corn!
http://www.nasdaq.com/markets/corn.aspx?timeframe=1y
“Everyone has a plan ‘til they get punched in the mouth.”
mike tyson
“Anger is a killing thing: it kills the man who angers, for each rage leaves him less than he had been before - it takes something from him.”
Louis L’Amour
best thing u have posted in a long time .
Jimmy Carter = Hitler = Trump
What drew Killer Mike to Sanders? ‘Smoking a joint and reading his tweets’
So how exactly did a rapper end up working the spin room for Sen. Bernie Sanders?
For Killer Mike, the path to Sunday night’s post-debate scrum began with social media and a little marijuana.
“Smoking a joint and reading his tweets,” the rapper responded when asked what drew him to Sanders, for whom he served as a spin-room surrogate Saturday night.
Read more: http://www.politico.com/blogs/live-from-charleston-sc/2016/01/bernie-sanders-killer-mike-2016-presidential-debates-217936#ixzz3xdBlHybg
Define Irony: Hillary says no individual “Too big to jail.” Except, of course, her, Jon Corzine, and every other well-connected member of the .1%.
http://www.dailymail.co.uk/news/article-3405181/Hillary-Clinton-faces-Twitter-backlash-saying-debate-no-individual-big-jail.html
It’s good to be a bankster….
http://www.dailymail.co.uk/news/article-3405407/The-busy-life-Jeffrey-Epstein-Group-gorgeous-Manhattan-girls-billionaire-pedophile-s-mansion-flies-private-jet-attractive-brunette.html
There’s only one candidate talking about jailing bankers…
With all these peeps on SNAP cards why doesn’t MN just add a bottled water option? Why must they hire others to distribute the bottles?
You think that everybody in Michigan has a SNAP card?
Mighty mouse epic fail. You must stop blogging.
Trust me, it’s not a fail.
Trust us. You got dusted again.
“You think that everybody in Michigan has a SNAP card?”
The people who don’t have a SNAP card probably buy bottled water without having to be told; city water is bad for your coffee maker. In fact we buy bottled water too in our household.
“city water is bad for your coffee maker”
That’s not true everywhere. You must live in a bad area.
Everywhere. You must not know basic chemistry.