Bits Bucket for February 3, 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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Anyone have an opinion on when the car finance bubble pops and the effect on used car prices
Tia
Subprime auto is the issue. Its 90%+ of the entire auto market, no different than the housing market.
I have a 50k chevy for sale my friend. Comes with a dvd player and free iphone.
“I have a 50k chevy for sale my friend.”
And a whole lot of empty space for me to occupy….. rent free.
It won’t. Knowing car dealerships they will just find new ways for you to “afford” it. I wouldn’t be surprised to see 10 year car loans in the future, because your payment will only be $xxx.xx a month, and isn’t that what is important? Payments per month?
On a side note, my neighbor is thinking of selling her 1993 Jeep Cherokee 4WD with the inline 6. I had one of those years ago and it was a great solid ride. 85,000 miles, all dealership serviced driven by an older lady.
She wanted to trade it in to avoid the hassle of selling it outright. I told her I would help with the ads and showing the car but she declined. I then offered her $100 over dealer trade, and to call me before she seals the deal. My thinking is the dealer is going to screw her on the trade in, and I can easily get 100,000 more miles out of that ride. Plus it helps me avoid the high cost of used cars these days.
“I wouldn’t be surprised to see 10 year car loans in the future, because your payment will only be $xxx.xx a month, and isn’t that what is important? Payments per month?”
Ten year car loans …
http://www.keystoneautoloans.com/articles/term-length/120-month-auto-loans/
I have a ‘98 as a secondary vehicle. Worth more to me to just keep it. 300k and still running strong. One of the best engines ever made.
We had a Cherokee 4WD with inline 6 over 20 years ago…stellar car. Driving up to Tahoe (a mountain, but not a MOUNTAIN), that car did very well accelerating on the uphill grades.
Solid engine.
+1 New auto loan regulations will kick in Christmas and which force dealers to absorb 5% of their crap loans. But I think dealers will just absorb that loss and continue to extend and pretend.
They can screw the buyers out of an extra 5%, easy.
“I then offered her $100 over dealer trade, and to call me before she seals the deal.”
I don’t know what the state is where this is happening. In Florida, when you trade a vehicle in, you only pay sales tax on the net difference. Therefore the person would be sacrificing the sales tax amount on the trade-in. In Florida that is 6% (plus local tax up to a small limit).
you should not buy a new pc on wheels, lease it, give it back before it breaks.
So what happens to your car when the blue screen of death shows up? Will new cars have a “crtl-alt-del” button on the dashboard?
If you don’t roll to a stop eventually, something will stop you.
“So what happens to your car when the blue screen of death shows up?”
Probably little different than what happens if the human brain controlling a car malfunctions, for instance due to a stroke or heart attack.
Not buying another car until the subprime auto loan bubble pops.
I drove by a chevy dealership the other day and just had to laugh at the gimmicks. I thought of some of u pukes.
Instead of the price being plastered on the windshield they had how much you save. U save $10,000.00. LMFAO
Its like going into kohls and they look at u with a straight face and tell u how much money u saved off the fake price.
I get some great comments when I drive my 30 year old chevy truck around. Not my daily driver but good to haul stuff once in awhile. They always say, “thats a nice looking truck”. For < 2000 I can put a new motor and tranny in it over a weekend.
Dealerships realize they are dealing with Boobus ‘Muricanus; hence even the most blatant ruse or rip-off can be perpetrated on these stoopids. Anyone dumb enough to believe a Soros-backed candidate will bring “change we can believe” or that Hillary is a champion of the middle class will jump at the chance to pay $1000 for needless undercoating.
Ripping off cretins like these Hillary supporters signing a petition to have Karl Marx as her running mate would be child’s play for unscrupulous car dealers.
https://www.youtube.com/watch?v=jPob5-_EAmc
I’m telling you, we need to get in on this. There are rubes for fleecing, and if we don’t fleece them, someone else will.
I’m not buying another new car period! I’ll just keep maintaining the ones I have.
My car is about to die, I’ve gotten 260,000 miles out of it and barely any repairs outside of usual oil changes. It’s due for many things, and it’s not worth putting money into it. If I wasn’t renting I’d sell it piece by piece on eBay.
So I’ve been slightly looking at Tacomas, hoping I could get 10-15 years out of one if I wished. Used ones are expensive, and older ones had frame rust issues. Going to also look at the Frontier but they seemed to have some major issues so less enthusiastic about it.
Not looking forward to the property taxes or car payments, but am looking forward to a better vehicle.
What to “look forward to”;
Falling prices to dramatically lower and more affordable levels accelerating the economy like nothing else can.
Head over to pick and pull.
How about bicycle finance? I may need a new one of those.
Basically what we have discovered is that American businesses don’t pay American workers enough to be able to afford the lifestyle they have sold Americans.
With large, poorly-built, energy-hog houses in far-flung locations filled with lots of stuff. And long, one person per vehicle commutes in very large vehicles.
And governments can’t afford to produce and maintain all that spread out infrastructure, either. No problem if you are off the grid. Big problem otherwise.
Younger generations have been flocking to mass transit, but those who control the government have been allowing it collapse all across the country — despite soaring ridership — because of the soaring cost of Generation Greed’s debt and pensions.
It’s a trap between falling income and rising consumption that is about to spring closed as people can’t afford to replace their cars, and are forced to retire without pensions or savings and with debt.
“How about bicycle finance? I may need a new one of those.”
Here ya go …
http://www.bicycling.com/bikes-gear/tips/how-pay-new-bike-financing-101
Now do you really believe wages will magically triple or quadruple to meet grossly inflated prices?
Of course not.
Prices will continue falling to meet wages.
No, you dumb bunny.
Wages will stay roughly the same while prices rise. The shortfall will be made up by low-interest discount window money printing, long-term howmmuchamonth creative financing for everything from Tacomas to toothpaste, government subsidies like Section 8 SNAP and EITC, mortgages which allow shacking up 8 incomes to a house, and a semi-secret economy of barely subsistence-level food and blankets donated by social justice warriors.
You know this is true, because this is what is happening already. So stop your bullsh!t daydream of picking up a perfectly maintained house for 60% off.
And demand continues to collapse Donk.
Got Donk-O-Nomics?
barely subsistence-level food
The cost of living in the USA is very low. Hundreds upon hundreds of bad decisions and math errors are required to being one to such a level of despondency.
“Wages will stay roughly the same while prices rise.”
That makes no sense unless the standard of living is in decline.
Was that the point?
“So stop your bullsh!t daydream of picking up a perfectly maintained house for 60% off.”
Now is a great time to pick up some barrels of oil at 70% off. And if you have a large shipment of grain or iron ore, you may be able to charter a container ship to deliver it for 97% off the peak price.
Given these spectacularly humongous drops in the price of other goods and services, why would you assume that houses will never be similarly discounted at some future point?
“American businesses don’t pay American workers enough to be able to afford the lifestyle they have sold Americans.”
Well said. Using this.
Looking for a 100,000-mile used Toyota Tacoma w/ ext cab for my son, and I can’t believe the asking prices. I see plenty of 200,000-mile Tacoma(s) where the asking is $8,500.00 on average. WTF?
…. and people wonder why the economy in the sewer.
I sold my ~200,000-mile 4Runner for 5500 I believe it was, about 2 years ago.
The late-90s early 2000’s Tacomas, 4runners, etc, were built great and hadn’t gotten ‘murican-sized. Can totally see why there’s continued demand.
Frame rust! Watch out!
+1 Yes, 2004 and older models.
Washington, DC Housing Market Craters; Prices Plummet 16% YoY On Ballooning Mortgage Defaults
http://www.zillow.com/adams-morgan-washington-dc/home-values/
A Nissan pickup I’ve been eyeing that has been sitting on the dealer lot for a month just jumped by $4K on the dealers site today. Wha…..?
Guess they’ll just have to finance some sucker to get that baby unloaded.
are you ready for the daily dog and pony show again?
All populist movements are the same as Naziism.
Troll alert.
Didn’t you mean the daily hog and baloney show?
I will give u a free ipad, iphone and 60″ flat screen if you buy my 500k house.
BANKRUPT
Marketwatch dot com
Bulletin Nasdaq bears brunt as latest wave of selling pushes U.S. stocks lower
Goldman boss Blankfein likens central-bank moves to his cancer treatment
By Mark DeCambre
Published: Feb 3, 2016 10:39 a.m. ET
‘Right now I’m trying to deal with the cure,’ Blankfein said of his cancer treatment and the broader global economy
Goldman Sachs’s Chief Executive Lloyd Blankfein endured some 600 hours of chemo therapy, he told CNBC during an interview early Wednesday in New York. It was one of the first public appearances for the 61-year-old bank boss since being diagnosed with a “highly curable” form of lymphoma back in September.
Blankfein sounded upbeat but looked gaunt, hairless and pale as he discussed the outlook for the U.S. economy, sluggish global growth and Goldman’s own business.
“You know to say the least, it’s an interesting fun time in the market and this is what we signed on to do,” Blankfein said, referring to a topsy-turvy global stock market that has been roiled by plunging oil prices (CLH6, +1.51%) and signals that emerging economies, including China, are facing a slowdown that could spill over into the rest of the world.
Displaying his typical dry wit, Goldman Sachs Group’s (GS, -2.56%) Blankfein drew a comparison with his own chemotherapy and central-bank policies that have resulted in ultraloose monetary regimes and negative interest rates in wide swaths of the globe, noting that central banks’ accommodative postures might be better than the alternative.
“Right now I’m trying to deal with the cure,” Blankfein said of his cancer treatments. “Compared with going over the ledge and dipping into deflation…I would do what they are doing,” Blankfein said. He also noted that the market has a tendency to question the response of policy makers. “It’s baked in the cake that whatever they do that someone will criticize them,” he said.
…
Who on this site suffers from Bitchy Resting Face?
https://www.washingtonpost.com/news/arts-and-entertainment/wp/2016/02/02/scientists-have-discovered-the-source-of-your-resting-bitch-face/?tid=pm_pop_b
Email address in link allows you to send in your photo for a test.
Another slap-on-the-wrist fine for another TBTF bank involved with mortgage fraud. Of course, no criminal charges even contemplated.
http://www.marketwatch.com/story/wells-fargo-to-pay-12-billion-for-bad-mortgages-2016-02-03?link=MW_latest_news
WTF. Why should a country with a $20 trillion national debt finance infrastructure development in a corrupt continent like Africa? Whose palms are being greased to make this happen?
http://news.yahoo.com/congress-passes-electrify-africa-act-230303941.html
It’s bribery to gain access to their natural resources. The ChiComs have made huge inroads in Africa (and other places) by building infrastructure.
It’s even happened close to home. The ChiComs built a nice stadium in the Bahamas, “a gift to The Bahamas from the People’s Republic of China”
It’s no mystery why China is crushed by debt and over capacity.
The Bernie manifesto
How much of a socialist is Sanders?
BARACK OBAMA spent his first campaign for president explaining why he was no socialist. Bernie Sanders, the out-of-nowhere candidate who has constituted an unexpected challenge to Hillary Clinton, bravely embraces the label. Yet while Mr Sanders has built his campaign on a jeremiad against wealth inequality and corporate greed, he isn’t, properly speaking, a socialist—or even a democratic socialist. The better term encapsulating Mr Sanders’ positions is “social democrat”, a label that jibes with his rather mainstream embrace of “private companies that thrive and grow in America” and belief that “the middle class and the working families who produce the wealth of America deserve a fair deal”. To clarify matters, Mr Sanders flatly disavows the very heart of socialism as defined by Karl Marx: “I don’t believe government should own the means of production”, he says.
http://www.economist.com/blogs/democracyinamerica/2016/02/bernie-manifesto
BailoutBarney is pro-debt slavery.
He’s a Socialist. Socialism is a failure. It is not the solution to corruption and spendthriftery.
‘Muricans, especially of the FSA variety, will eagerly vote themselves benefits that someone else has to pay for, i.e. the essence of socialism.
Remember that the elite have stripped the wealth of the middle class via their take over of gov. They have used tax law, trade deals, no bid gov contracts,market manipulation, fixed pricing, bail outs, the FED ect to extract wealth from the bottom 99.9%.
Here comes Bernie Sanders saying that the elite should be taxed more and wealth redistributed to the bottom 99.9% using tax law, and gov spending. That market manipulation should be squashed and monopolies broken and you scream socialism.
Well count me in as a socialist then. If that wealth doesn’t get redistributed you can kiss capitalism and democracy good bye.
There isn’t another candidate talking about this issue. Take a look at his donors compared to well every other candidate. Take a look at his career vs every other candidate.
You identified Govt as the problem and now you want more Govt?
You need your head examined my friend.
I identify gov controlled by and for the top 0.01% as the problem, but gov by and for the bottom 99.9% is likely to work much better. Nice straw man argument though.
You clearly identified govt as the problem. You clearly want more govt. Bailout Barney Saunders will give you precisely what you want….. more govt, more debt, higher prices and collapsing demand.
What a simple world you live in.
What a deceptive person you are.
More govt isn’t complicated my friend.
Let the government stop giving out interest free loans and the so-called elite would be vaporized. Just. Like. That.
Socialism is only beneficial to the elites, no matter what it promises. Always.
“Socialism is only beneficial to the elites”
Just like Communism.
Let the government stop giving out interest free loans and the so-called elite would be vaporized. Just. Like. That.
That won’t work. Such a program wouldn’t affect Bill Gates and Warren Buffet.
“That won’t work.”
Are you thinking breaking Bill Gates’ back will fix what’s wrong with the USA?
If you consistently identify the cause of a problem incorrectly, you will always come up with the wrong solution.
Are you thinking breaking Bill Gates’ back will fix what’s wrong with the USA?
No, I don’t. You were the one who introduced the idea of vaporizing the elite.
Perhaps I mistook what you wanted to solve via socialism.
YOu said
Let the government stop giving out interest free loans and the so-called elite would be vaporized. Just. Like. That.
Socialism is only beneficial to the elites, no matter what it promises. Always.
1. If you think interest free loans to banks is socialism you need to read more.
2. If socialism was only beneficial to the elites don’t you think GS would support BS instead of Cruz, Rubio etc
3. The concentration of wealth is less in Europe than the US.
It seems like anything you don’t like is called socialism so it makes sense that you don’t like it, but seriously what we have now is not socialism it’s facism. A gov of by and for corporate America and against well everyone who works.
Socialism failed long ago my friend.
Perhaps reading comprehension will go up with a very slow and carefully repeated read. I did not say loans were socialism. I said socialism is not the solution to a fundamental problem we have.
Here is the idea stated differently; rather than solve the chronic theft by stealing from the thieves, jump to stopping the theft in the first instance. The Fed has fostered a crime ring. Break the ring and then go sweep up the shards if you care to.
Sure I don’t like socialism as a solution. That is an organized repositioning of who the crime bosses are. Socialism isn’t about the society, its about who are the bosses. Always.
Perhaps I mistook what you wanted to solve via socialism.
I started this thread with the information that Sanders is not a socialist. I never claimed that there was something that I want to achieve with socialism. The word at this point is worn out, used up, useless. No one knows what it means. Better discussion would result from referring to specific policies. If you want to criticize Senator Sanders’ proposals, it would more interesting if you were to list the proposals individually, along with your objections to them.
Barney Sanders is a socialist. He’s pro-debt slavery.
All the candidates are socialists. Not just Sanders.
Riddle me this? What other mainstream candidate besides perhaps Rand Paul:
-Voted against the repeal of Glass-Steagall?
-Voted against the Iraq War?
-Voted against the Patriot Act?
-Voted against the TPP?
Does he get partial credit?
Nope. You’re talking to future Cruz voters. Cruz will be their Moses.
Save for the 1 or 2 Repub-fluffers here, I don’t think Cruz gets much play with HBB righties.
Hillary is to frightening to contemplate though. They’ll march out of fear.
“I don’t think Cruz gets much play”
Albuquerque Dan once referred to him as ‘My man, Ted.’ I’m trying not to use my imagination on that comment.
another day another fed member makes the rounds:
http://finance.yahoo.com/news/feds-dudley-mnsi-tightening-financial-135235732.html
kuroda was also wheeled out again to say he will take rates negative as much as it takes.
Just another day in De Blasio’s Alinskyite utopia:
http://newyork.cbslocal.com/2016/02/02/3-train-slashing-arrest-bratton-subway-safety/
Forward.
Another Drudge Report link, King Obama violates sovereign airspace trying to capture Snowden:
http://www.thenational.scot/news/secret-us-flight-flew-over-scottish-airspace-to-capture-snowden.13226
In related news Rand Paul is dropping out. Nobody cares about NSA spying and other violations of the 4th amendment. Just bigger government, more regulations, and higher taxes.
“This sucker could go down” — George W. Bush
Life’s a bitch when you are on the run …
“Edward Snowden Says He’d Go To Prison To Come Home”
http://www.theatlantic.com/politics/archive/2015/10/edward-snowdens-prison-offer/409075/
How about Lompoc’s 18-hole course and a driving range? Lots of professional talent there to glean new tricks.
I’m more a fan of their Proletariat Red Ale, myself…
Sanders votes against patriot act
http://www.sanders.senate.gov/newsroom/press-releases/sanders-votes-against-patriot-act-extension
This is an interesting read on his views on FSA Snowden
http://www.sanders.senate.gov/newsroom/must-read/why-i-dont-care-about-edward-snowden
Seriously what other candidate has taken these positions.
Crickets
Good for Barney. But Barney wants more debt as he is pro-debt slavery and massively inflated Zimbabwe-like prices.
Barney,
Why not just issue an edict slashing wages by 50%?
“Seriously what other candidate has taken these positions.”
IDC what the statists think about Edward Snowden. They are irrelevant.
Rand Paul pulls the plug.
http://www.businessinsider.com/rand-paul-suspends-president-campaign-2016-2
OMG… the toupee groomer is back on the street.
Well he can let that fro fly now.
You just know that thing cost $2,500.00 plus!
More attempts to jawbone the market higher by the Fed.
http://www.zerohedge.com/news/2016-02-03/futures-jump-after-bill-dudley-hints-fed-relent-warns-significant-consequences-stron
A Sheldon Adelson sponsored neocon production:
http://mobile.nytimes.com/2016/02/03/us/marco-rubio-campaign-dispatches-its-army-and-new-lines-of-attack.html
Why would you consider yourself an American citizen when you vote for candidates from the Likud Party of Israel?
Because Rapture.
More neocon narrative:
https://www.washingtonpost.com/politics/in-new-hampshire-gop-governors-take-aim-at-a-resurgent-marco-rubio/2016/02/02/d13b0664-c9d2-11e5-a7b2-5a2f824b02c9_story.html
Did you know that Richard Perle lives in a villa in the South of France? And has more money than you’ll ever see in your lifetime?
Strap those boots on, stupid goyim, time to put them on the ground and go “secure the realm” (actual title of 1996 policy paper by Richard Perle).
American taxpayers, do you like having a foreign policy determined by an electorate that believes the Earth is 6,000 years old?
Next up: the draft. Not just for America’s sons, either.
http://news.yahoo.com/u-military-leaders-years-needed-integrate-women-combat-160927646.html;_ylt=AwrXoCG4JLJWSEQAfN7QtDMD;_ylu=X3oDMTByM3V1YTVuBGNvbG8DZ3ExBHBvcwMzBHZ0aWQDBHNlYwNzcg–
Strap those boots on, stupid goyim, time to put them on the ground and go “secure the realm” (actual title of 1996 policy paper by Richard Perle).
You over emphasizing the members of one particular religion. Keep in mind the fact that both Bush and Cheney found ways to avoid serving, as did Karl Rove, who was probably involved in smearing John Kerry’s record of service during the 2004 campaign.
Spain’s new government is less cordial toward the banksters and crony capitalism. How long before the Eurozone financial crisis is un-contained?
http://wolfstreet.com/2016/02/03/hedge-funds-wall-street-not-happy-with-the-new-spain/
Washington Post real journalists provide a trophy narrative about Stormi, a nine year old “girl” scout, which in an unrelated narrative, is the same age as Aisha was when 53 year old Muhammed consummated their marriage:
https://www.washingtonpost.com/news/morning-mix/wp/2016/02/02/transgender-girl-scout-stands-up-to-bully-who-wouldnt-buy-cookies-from-a-boy-in-a-dress/
Gold creeping higher. When will the flight to quality begin in earnest?
http://www.kitco.com/market/
Gold just spiked above a key technical level. Now that the consequences of having lunatic Keynesian central planners and central bankers maladministering our economies and markets is on full display, when will the thinking 5% pull their deposits from banks prior to NIRP, and put their money in tangible assets rather than accept getting bent over by Janet?
http://www.zerohedge.com/news/2016-02-03/gold-spikes-above-key-technical-level
We can say for sure that none of the candidates from the two major parties want freedom for Americans. They want more power and bigger government.
They want what their oligarch masters want: all wealth and power concentrated in the hands of the .1%, unopposed by a docile, stupified 99%.
“Gold creeping higher. When will the flight to quality begin in earnest?”
When they start confiscating our 401ks and IRAs to pay off some of the debt. That will be when gold goes to 5 digits.
I found a harmless pasttime for the Pineapples that will hopefully keep them occupied so they won’t be posting DNC talking points and mindless PC drivel in here.
http://news.yahoo.com/adult-coloring-book-craze-booms-us-052729318.html
If Superstorm Sandy had washed away the entire Borough of Brooklyn, would the rest of the country have even noticed?
More fundamental transformation from the religion of piece:
http://www.breitbart.com/london/2016/02/02/migrant-child-brides-as-young-as-11-arriving-in-europe/
That’s best left to the sharia courts.
Something like your comment below could apply to this. Breitbart Hate rallies the base hate with some sort of narrative.
FoxNewsHate rallies the base with a fear narrative:
http://www.foxnews.com/us/2016/02/02/no-specific-credible-threat-to-super-bowl-50-officials-say.html
No smaller government or less regulation or lower taxes happening here.
Some people think that the Washington Times is an actual newspaper:
http://www.washingtontimes.com/news/2016/feb/2/l-todd-wood-iran-warns-more-embarrassing-photos-in/
The landmass of Iran is about the same size as Alaska. How much will the ground invasion cost? $2 trillion? $5 trillion?
Another narrative about conflicting formats of Sky Wizardry:
http://www.washingtontimes.com/news/2016/feb/2/don-feder-obamas-holocaust-remembrance/
Christian Zionism is the moral equivalent of ISIS. I’m still waiting for someone to tell me the part of the Bible where Jesus talked about the Rapture.
Tucker’s observation on Sanders and Trump: Nationalism is collectivism and by no means is it about Liberty. It is about tyranny.
http://fee.org/anythingpeaceful/two-flavors-of-tyranny/
AS opposed to the tyranny of the elite wealth strippers.
Seriously look at what’s happened to the middle class with them in control. Despite massive increases in productivity the middle class is decimated, and you prattle on about collectivism. Sanders believes in private enterprise. He just wants to redirect gov 180 degrees from redistributing wealth from the bottom 99.9% to the top 0.01%
Note that small and medium sized businesses would do much better under a system that distributes wealth to those that produce it instead of concentrates wealth in the small number of hands that manipulate gov and markets.
I don’t want a “system that distributes wealth”, i.e socialism.
you have one now. See “too big to fail”
We know you want a system that concentrates it via monopolies deregulation and a gov that taxes the consumers at higher rates than the elite. Brilliant.
Wealth has already been redistributed upward. Think of this a merely returning the money that was stripped. The way a crime victim might get his wallet back after a pick pocket or mugger is caught.
We already know what you want. More grossly inflated prices, more record levels of unemployment, more pocket emptying taxes and fees…… and you’ll lie through your teeth to make it happen.
Is it a lie that wealth has been concentrated via our trade, tax, bail out and regulation policies?? Is it a lie that stripping the wealth and earnings of the middle class and replacing it with debt to hide the losses is what created our current situation and the collapse has revealed no one has any money to spend and thus we have deflation and rising unemployment?
But government is a monopoly.
Well I know we are close to not having a democracy but if you have a democracy then presumably the people control the gov.
“but if you have a democracy then presumably the people control the gov.”
Tyranny by the majority is no better than tyranny by the minority, which we do have today.
You’re gyrating.
We know what you want. More grossly inflated prices, more record levels of unemployment, more pocket emptying taxes and fees…
How does a voluntaryist decide a group question if not by majority? Isn’t unanimous agreement impossible
Um…Voluntaryism is not anti collectivism. Voluntaryism is in favor of voluntary association and no involuntary association. We voluntaryists allow people to share with others (as in socialism) because that is their free choice. When a gun is involved and someone is forced to share, that is not voluntaryism.
There is no “group” answer. There are individual answers that may coincidentally be the same as other individual answers.
Are you an ant or a human?
I watched some Iowa coverage on C-SPAN on Monday night. I saw Rand Paul rambling on about liberty a bit. Whatever these people are talking about when talk about Liberty, it appears that not many Americans care.
“when talk about Liberty, it appears that not many Americans care.”
We do. We care enough to not participate in the rigged elections. 60% of the eligible voters did not vote in 2012. 70% of the eligible voters did not vote in 2014. i’m one of those 70%.
A lot of libertarians left politics and became voluntaryist. I am sure now that Rand Paul finally gave up, there will be a lot more libertarians who quit that philosophy and become voluntaryist.
There’s no evidence that the tens of millions who don’t vote have the same motivation as you.
“There’s no evidence that the tens of millions who don’t vote have the same motivation as you.”
Nor is there any evidence that the tens of millions who don’t vote are statists.
You have a point there. There are no people anywhere call themselves statists, so it could be said that they don’t exist.
there are no longer any real conservatives in congress. Paul was the last hope.
Reagan’s myth is alive still.
Is the fed going to fix the falling markets today?
Santa Fe: 10 offers on first day - http://www.zillow.com/homedetails/2525-Camino-Espuela-Santa-Fe-NM-87505/6834347_zpid/
I just called on it. Roof is falling in over garage.
….. and not a buyer in sight at half that amount.
yes, those 10 offers are all less than half and pretend.
got meds?
That shack will still be for sale next week, next month, next year.
LOWBALL
Rapidly depreciating houses Poet. Rapidly depreciating houses.
Quote of the day via Jesse’s Cafe Americain…..
“The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them.
Among all others only they are compelled to attack the poor as well as the rich. Robbery, rape, and slaughter they falsely call empire; and where they make a desert, they call it peace.”
Tacitus, Agricola, circa 98 AD
Is it just me or does Ted Cruz sound like Mr. Robert’s Neighborhood when he speaks?
Firesign Theater Mr. Robert’s interviewing a bass player…..
I just had to laugh -
I know I linked this with a post about Egg McMuffin’s last week but then when I heard Cruz speak recently ….. well just take a listen.
https://www.youtube.com/watch?v=HsPzJALbR6c
Oh yes…hopefully you have tipped off some comedian who reads here, as I would love to see Cruz lampooned in a Mr. Rogers send-up!
Rent for half the cost of owning- http://slo.craigslist.org/apa/5431967977.html
Good point. In the case of CA, that would be 80% less costly than buying.
Remember….. Current asking prices of resale housing are 300% higher than long term trend, 500% higher in CA.
Seek misery….
Mafia 2016
Pull yourself up out of the sewer and cheer up and remember….
Nothing accelerates the economy and cures poverty like falling prices to dramatically lower and more affordable levels. Nothing.
“Monetary policy is 98% talk and 2% action, especially when short term rates are near zero”. B. BERNAKE
1k per month is too much. I would take it if it was $600. My one bedroom in OC is not much higher in rent.
Fernandina Beach, FL Housing Market Craters; Prices Dive 8% YoY As Housing Correction Ramps Up Nationally
http://www.zillow.com/fernandina-beach-fl/home-values/
I’m looking for a good bird dogger in your area.
Data Poet… Stick with the data.
Scottsdale, AZ Housing Prices Crater 15% YoY
http://www.zillow.com/pinnacle-peak-scottsdale-az/home-values/
New York Times
Toxic Loans Around the World Weigh on Global Growth
By PETER EAVIS FEB. 3, 2016
Beneath the surface of the global financial system lurks a multitrillion-dollar problem that could sap the strength of large economies for years to come.
The problem is the giant, stagnant pool of loans that companies and people around the world are struggling to pay back. Bad debts have been a drag on economic activity ever since the financial crisis of 2008, but in recent months, the threat posed by an overhang of bad loans appears to be rising. China is the biggest source of worry. Some analysts estimate that China’s troubled credit could exceed $5 trillion, a staggering number that is equivalent to half the size of the country’s annual economic output.
another day , another FED induced short covering rally.
Establishment GOP hack Rick Santorum drops out, endorses Establishment GOP hack Marco Rubio.
http://www.washingtontimes.com/news/2016/feb/3/rick-santorum-endorses-marco-rubio/
Is he the uniter or the decider?
If elected, might Trump suddenly abandon his presidential duties the way he withdrew from the last Iowa debate?
Everyone Must Check In
Region IV
“Trumpertantrum”
Rent free
Restaurant industry suddenly tanks.
http://wolfstreet.com/2016/02/03/restaurant-industry-suddenly-tanks-worst-plunge-since-the-beginning-of-the-financial-crisis/
“The United States of America, right now, has the strongest, most durable economy in the world…
Anyone claiming that America’s economy is in decline is peddling fiction.”
–President Barak Obama, 2016 SOTU Address.
“Another Leg Lower In Oil Coming After Many Producers Found To Have Far Lower Breakevens”
http://www.zerohedge.com/news/2016-02-03/shale-shock-big-leg-lower-oil-coming-after-many-shale-plays-found-have-far-lower-bre
And this is the reality. Remember…… production costs are under $10/barrel
Human sacrifice (Aztecs and Incas) was once accepted as moral. Slavery was once accepted as moral. Witch burnings were moral. The irony is that people today accept government still, as a necessary and not immoral institution. Yet it has committed the most atrocities in human history.
http://www.notbeinggoverned.com/three-things-anarchists-know-historians-will-look-back-on-with-disgust/
There is always government. Gangs form in anarchy.
Is perpetually using the electronic printing press to prop up asset prices a healthy way to run an economy?