February 23, 2016

Bits Bucket for February 23, 2016

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Comment by Professor Bear
2016-02-23 01:32:38

China’s housing policy seems to be undergoing seismic shifts.

Comment by Professor Bear
2016-02-23 01:34:00

World China
Gatecrash! China’s New Housing Rules Irk the Gilded Classes

Hannah Beech
2:48 AM ET
New directive says roads in private housing estates should “gradually open up” to the public

From Rancho Santa Fe, Dream House and Chateau Regalia to Palm Beach Villa, Buckingham Villa and Rits Garden (yes, that’s really how it’s spelled), China has embraced the gated community as a respite from urban-jungle existence. But a new central-government directive is prying open the gates to allow the masses into the manicured confines of Chinese residential enclaves.

The new urban-development regulation declares that internal roads in private housing estates should “gradually open up” to the public in order to ease traffic congestion. In addition, no new gated communities can be built in the future. The rules, which include a ban on “bizarre” or “odd-shaped” architecture as well, are the product of the country’s first Central Urban Work Conference in nearly four decades. (The guidelines also recommend urban planners “vigorously carry out the socialist core values ​​educational learning practice.”) More than half of Chinese now live in cities, up from fewer than 20% when the ruling Chinese Communist Party began its economic reforms in 1978, according to China’s official Xinhua news agency.

Comment by X=GSfixr
2016-02-23 07:26:08

Gated Communities in CommChina? Mao is probably rolling over in his grave.

Comment by Raymond K Hessel
2016-02-23 17:47:31

Gated communities are going up in Hanoi, too. Some animals are more equal than others, it would seem.

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Comment by Professor Bear
2016-02-23 01:36:00

World China
China’s Government Wants to Ban ‘Bizarre Architecture’

Julia Zorthian
12:14 PM ET
DuKai photographer—Getty Images/Moment RF
China’s State Council released a directive against the most outlandish designs

All the creative architecture in China has gone too far for the government.

China will no longer allow the most unusual building plans, a government directive stated Sunday. The State Council is following up on past pledges to end the trend of outlandish architecture.

“Bizarre architecture that is not economical, functional, aesthetically pleasing or environmentally friendly will be forbidden, while construction techniques that generate less waste and use fewer resources, such as the use of prefabricated buildings, will be encouraged,” a report from state media outlined.

The China State Council is emphasizing the need for buildings that are “economic, green and beautiful.”

The government released the new urban plan two months after a conference aimed to address challenges posed by the the country’s increasing urbanization. President Xi Jingping had called for “no more weird architecture” at an October 2014 culture symposium.

Comment by Professor Bear
2016-02-23 01:39:10

China Exclusive: Down payments cut to boost China’s housing market
Feb 04, 2016

BEIJING, Feb. 3 (Xinhua) — Zhang Lei was happy that he could finally afford an own home this year.

The 28-year-old planned to get married next year in Zhengzhou, a second-tier city in central China, and was determined to buy a house. Four years after graduation, he has more than 200,000 yuan (30,524 U.S. dollars) in savings but that’s still about 160,000 yuan short of the down payment he’ll need.

Now, after the government lowered the minimum deposit for home purchases in most cities, including Zhengzhou, Zhang can pay 120,000 yuan less, allowing him to afford a house with a little help from his family.

For many young Chinese like Zhang, who think of having their own home as a prerequisite for marriage, a lower down payment ratio is a significant boon.

In its latest effort to revive the sluggish real estate industry, China announced another cut in the down payment requirements for home purchases in most cities.

The People’s Bank of China (PBOC), the central bank, said that in cities where there was no home purchase restrictions, down payments for first homes financed by loans from commercial banks will stay at a minimum of 25 percent “in principle,” but they can go down as much as 5 percent.

The move will bring a moderate stimulus to housing demand and help reduce the country’s mounting property inventories, analysts said, adding that a lower down payment ratio will not give a rise to banks’ credit risks.

Comment by CalifoH20
2016-02-23 14:53:18

What next , 60 yr loans?

Comment by Professor Bear
2016-02-23 01:41:07

What next for China’s overheated property market?
By Jane McMullen Producer, The Great Chinese Crash? With Robert Peston
16 February 2016
From the section Business

Image caption Property developer Wang Shi is building his company China Vanke’s international network

What does Wang Shi, founder and chairman of China Vanke, the world’s biggest home builder by revenue, make of China’s overheated property market?

When prospective buyers enter the 900-home development “Seaside Home” along an avenue of Grecian columns, their eyes are meant to be drawn to three athletes, chiselled from fake bronze.

At “Starry Olympic City”, another development nearby, the statues are of pouting art deco girls.

When it comes to putting the frozen city of Yingkou, near the border with North Korea, on the style map, the developers are not short of ambition.

But one thing is missing.

There aren’t any prospective buyers. In fact, there are no people here at all.

No cars on the eight-lane roads; no one in the Olympic-themed sports centre. As dark descends, light shines only from “The Happy Pizza Hut”, Yingkou’s brush with western cuisine. Whole apartment blocks are black.

“No one wants to live on this side of the river,” explains a resident of the nearby old town. “It’s too far from everything. There are no jobs. It’s a complete waste of money.”

Comment by Jingle Male
2016-02-23 02:53:59

Did they have another earthquake?

Comment by azdude
2016-02-23 06:31:09


Comment by Professor Bear
2016-02-23 01:43:55

Is Megabank, Inc still too big to fail?

Comment by Professor Bear
2016-02-23 01:44:55

ft dot com > Comment >
February 22, 2016 6:09 pm
Taxpayers cannot bank on an end to the era of too big to fail
Simon Samuels

There are few signs of banks tearing up business plans and starting afresh, writes Simon Samuels

During Deutsche Bank’s share price meltdown a couple of weeks ago, Wolfgang Schäuble, the German finance minister, said he had “no concerns” about the health of Germany’s largest bank. But what could he actually do if he really were worried?

Last year Mark Carney, governor of the Bank of England, proclaimed that the era of too-big-to-fail banks was over, meaning that politicians (via their taxpayers) will no longer be able to rescue banks. If Mr Carney is right about that, it would indeed be some achievement.

It was in 1984 that Stewart McKinney, a US congressman, popularised the phrase “too big to fail” when he described the near collapse of Continental Illinois Bank, which at the time was the seventh-largest bank in the US. The issue came back to haunt policymakers in 2008 with the plethora of bank rescues.

But can taxpayers around the world really breathe a sigh of relief that next time it will not be down to them to pay for the bailout of their banks?

Nobody knows. Indeed, just last week Neel Kashkari, one of the architects of the $700bn taxpayer bailout of US banks in 2008 and the head of the Minneapolis Federal Reserve, said that he thought “too big to fail” remained alive and well.

We all know what the new rule book says; that when one of the world’s largest banks becomes close to going bust, then it is up to all of its debt and equity holders to pay for the rescue. That bit is clear. But financial history is littered with examples of rule books being ignored in the teeth of a crisis.

That is what happened in 2008, when governments trampled over rules that placed limits on deposit guarantees and refused to call on senior bondholders to suffer the losses that they were contractually expected to bear. Faced with contagion risk and fears of systemic failures, governments break rules.

To some extent we can ask the markets to judge Mr Carney’s claim that “too big to fail” has really ended against Mr Kashkari’s scepticism. An April 2014 International Monetary Fund report estimated that the too-big-to-fail subsidy — the lower funding costs enjoyed by the world’s largest banks — totalled up to $630bn per annum.

If true, then removing that subsidy would destroy the profits of these big banks. Yet the fact that share prices for most banks, whilst weak, have not totally collapsed suggests that markets, at least, either do not believe that the subsidy was ever that big, or that the age of “too big to fail” is still not over.

There have always been two ways to address this too-big-to-fail challenge. One approach — the one which hitherto has been favoured by most regulators — is to place the cost of bailouts on the private sector and therefore to remove the cost of failure from taxpayers.

Comment by Mr. Banker
2016-02-23 06:35:31

“Is Megabank, Inc still too big to fail?”

Yes. And, for the children - for children everywhere - it needs to remain that way.

Comment by Raymond K Hessel
2016-02-23 07:48:49

There is no possibility of any Megabank failing, when 95% of the electorate gladly and willingly bend over on demand for the banksters by voting for their pro-bailout, crony capitalist Republicrat duopoly water carriers.

Comment by Professor Bear
2016-02-23 01:46:11

Any signs the dry bulk shipping slump will soon end?

Comment by Professor Bear
2016-02-23 01:48:03

Business Logistics Report
Commodity Slump Puts Dry-Bulk Shipping on Hold
Idled vessels crowd coastlines as shipping firms try to weather the worst downturn in decades
Demand for dry-bulk ships that carry commodities like coal and iron ore has dropped sharply amid the industrial downturn in China. Photo: Cameron Spencer/Getty Images
By Costas Paris and
Erica E. Phillips
Feb. 21, 2016 12:05 a.m. ET

Idled ships are crowding coastlines world-wide as increasingly desperate companies that ship iron ore, coal and other bulk commodities try to weather the industry’s worst downturn in decades.

The parked vessels are a stark sign of how crumbling Chinese demand for commodities is pummeling the global shipping industry. The freight rates shipping lines can charge to transport raw materials are at record lows, and several operators have filed for bankruptcy protection or folded outright, brokers say.

The companies still in business face tough choices. Some shipowners are scrapping the dry-bulk vessels that carry commodities years ahead of schedule in an effort to cut excess capacity. Other ships are anchored for weeks at a time awaiting the next paying job, while a growing number of vessels are being idled for even longer at a cost of $15,000 a month or more.

The slump is taking a toll on ships’ crews, as well.

“We are stuck outside Singapore…waiting for a charter,“ the master of a ship operated by a New York-listed company said. “The boredom and tropical heat is driving us crazy and my job now is to break up fights among the crew. It’s total misery.”

Shipping brokers estimate 690 dry-bulk ships, or about 7% of the global fleet, currently are sitting idle. Twice that number will likely need to be parked to balance capacity with demand, said George Lazaridis, head of research and valuations at Athens-based Allied Shipbroking Inc.

Richard duMoulin, owner of Intrepid Shipping LLC in Connecticut, which owns three dry-bulk ships, said it may be two or three years before “there’s going to be a little daylight beginning to show,” adding, “It’s really nasty now, and it’s going to get worse before it gets better.

Comment by Professor Bear
2016-02-23 01:52:30
Comment by Professor Bear
2016-02-23 01:55:00

All you wanted to know about…Baltic Indices
February 22, 2016

The Baltic Dry Index is all at sea and this is making global investors edgy. The index sank like a stone to hit an all-time low of 290 points on February 10. Baltic indices are one of the most widely watched global benchmarks and are believed to be leading indicators to everything from the state of the world economy, to the outlook for commodities.

What is it?

The Baltic indices track how much it costs to move materials by sea. There are three major indices in the group – the Baltic Dry Index which takes freight rates for bulk commodities such as coal, iron ore and grain, the Baltic Dirty Tanker Index which tracks rates for crude oil, and the Baltic Clean Tanker Index for petroleum products. These indices are published by the London-headquartered Baltic Exchange since 1985.

Why is it important?

The Baltic indices are considered leading indicators of global economic health. Most world trade, after all, still happens over the sea and by ships. So, if the Baltic indices move higher, it suggests good demand for shipping, an indicator that global trade and the economy are expected to sail along fine. But if they scrape the bottom as the Baltic Dry Index did earlier this month, it suggests anaemic global demand for goods – indicating worries on trade and economy.

The world economy is now navigating choppy waters with the mega commodity guzzler China losing steam. This has meant a meltdown in commodity prices, with exports of many nations including India taking a hit. Weak global trade is leading to pain in the Baltic Dry Index. But there’s another factor at play too - the number of ships lying idle. In the go-go days before the global financial crisis struck in late 2008, shipping companies went on an ordering binge and added aggressively to their fleet sizes. And why not - the Baltic Dry Index was at a lofty 11,800 points and seemed set to head higher. But after the party ended, all these new ships, bobbing in the waters, have left shippers high and dry. The twin whammy of weak demand and oversupply of ships has laid low the Baltic Dry Index - it has lost about 98 per cent from the peak. Ouch!

Comment by Professor Bear
2016-02-23 01:56:59

Baltic Dry Index Edges Up Again, as Players Agree Scrapping is the Only Way to Get Real Recovery
Tuesday February 23, 2016

The BDI continued upward Monday, gaining one point to land at 316.

The Baltic Dry Index (BDI) Monday continued its slow upward climb, gaining one point to 316, as industry players once again voiced opinion that scrapping - rather than layups or slashing newbuild orders - is the dry bulk market’s only hope for meaningful recovery.

Average TC spot rates Monday in the Supramax segment were up $116 dollars to reach daily earnings of $3,111, while both Capesize and Panamax segments declined, falling $64 and $34 to average daily earnings of $2,578 per day and $2810 per day, respectively.

The sector’s key benchmark has now risen 16 points since its current all time low of 290 set on February 10 and 11, and while the rise has been welcome news to owners - it has been the BDI’s first positive movements in 2016 - Noah Parquette of JPMorgan Chase & Co. (JP Morgan) said that “while it’s encouraging to find a bottom, we stress that earnings can still be considered depressed by any measure.”

With shipowners facing the reality that there could be as many as 1,430 too many vessels than needed, speakers as last week’s Capital Link Greek Shipping Forum said that scrapping, rather than layups or other temporary measures, was the only long term solution to balance the markets.

“We must scrap,” Louis Dreyfus’ Seb Landerretche was quoted as saying, adding that the economics of laying up vessels made little sense.

Comment by Combotechie
2016-02-23 07:35:16

“We must scrap,”

What about the debt that is associated with these soon-to-be-scrapped ships? Does the debt also get scrapped?

Comment by Raymond K Hessel
2016-02-23 07:49:55

No, the debts will be moved to the public ledger or printed away by Yellon the Felon.

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Comment by X=GSfixr
2016-02-23 07:40:58

Build ships, then scrap them well before they have reached their life limit.

The maritime equivalent of digging a hole one day, then filling the hole in the next.

A lack of demand for shipping,because of……

A lack of demand for commodities in China, because of…….

A lack of demand in the US for Chinese stuff, because…….

All of the good jobs that used to be in the USA were moved to China.

Because it’s a win-win when you throw US workers making $20/hour under the bus, and replace them with $2/hour Chinese workers. Especially when you are a Wall Streeter or company suit, and get to pocket the difference.

Comment by SUGuy
2016-02-23 02:41:11

Lately there has been lots of discussion about the Donald Trump on this blog. I do respect and appreciate the views on many posters such as Bill in La, Prof Bear. I have to admit when facts change I do change my mind. Thank you both for making a strong case against the possibility of a Donald Trump presidency. I still cannot come to terms with a Hillary Clinton presidency. I do live in NYS which overwhelmingly is democratic territory.

So why put any effort into this exercise. I will not vote.

The show time seems to be getting closer as we are moving to the anger phase. On a side not the trucking companies have very low volumes of freight. Lots of sales man are getting let go and the pressure to perform in increasing on them.

Comment by X=GSfixr
2016-02-23 07:43:57

If we are left with the choice of Billary or Trump, I’m sitting out as well.

Are these two the best our system can come up with?

Comment by X=GSfixr
2016-02-23 07:46:13

If Trump becomes President, I can see Putin nuking DC or NYC, just to get him to STFU.

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Comment by Oddfellow
2016-02-23 08:12:39

Putin seems to very much want to see Trump elected, for some reason. I assume he wants to face such an effective negotiator.

Comment by Raymond K Hessel
2016-02-23 17:49:41

Maybe he sees Trump as a saner alternative compared to neocon loons whose military adventurism is likely to start WWIII.

Comment by CawCawCaw
2016-02-23 08:00:03

Are you voting in the primary?

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Comment by Professor Bear
2016-02-23 08:19:09

The dismal choice seems increasingly inevitable.

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Comment by Combotechie
2016-02-23 07:44:24

“On a side not(e) the trucking companies have very low volumes of freight. Lots of sales man are getting let go and the pressure to perform in increasing on them.”

Hmmmm … here’s a price chart of FedEx …


IMO another hint, another a clue, that the economy is slowly rolling over.

Comment by Combotechie
2016-02-23 08:13:03

Here’s a chart of the Dow Jones Transportation index …


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Comment by Professor Bear
2016-02-23 21:30:47

It appears the stock market bubble which Donald Trump recently identified has already begun to deflate.

Comment by rms
2016-02-23 22:00:46

“It appears the stock market bubble which Donald Trump recently identified has already begun to deflate.”

Yep… overheard two co-workers today noting their losses.

Comment by Oddfellow
2016-02-23 08:22:03

here’s a price chart of FedEx …

Does price equal value?

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Comment by Combotechie
2016-02-23 08:27:32

“Does price equal value?”

Stock brokers who send out margin calls think it does.

Comment by Oddfellow
2016-02-23 08:40:48

Stock brokers who send out margin calls think it does.

That’s one of the intersections of price and value.

Comment by Goon
2016-02-23 07:45:30

I’m voting for Trump in the primary next week and libertarian in the general.

Progressives deserve another 9 months of The Donald on the TeeVee.

Comment by palmetto
2016-02-23 09:02:25

I watched Don, Jr. conduct a town hall meeting in Elko, Nevada. He’s scary good, great presence. Like they sanded the rough edges off his father. He’s got five kids. Geez.

What I thought was interesting is he mentioned that he spent time in Colorado working as a bartender. Given that his father makes much of the fact that his children don’t do drugs, alcohol or cigs, it made me wonder if Jr. actually got through his time as a bartender without actually sampling any of the merchandise. I guess it’s possible, I did know one guy back in my youth who was only into bartending for the quick bux, and used to knock back cherry Cokes all though his shift.

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Comment by palmetto
2016-02-23 10:01:58

On the primary thing, I did that once here in Florida. Voted in the primary for the guy who was running against JEB!’s pick. He won, narrowly. Then I voted for the dem lady in the general, because I figured I owed her one for saving us from JEB!’s Lehman mess. Unfortunately it didn’t work, she lost.

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Comment by oxide
2016-02-23 09:03:38

Why put any effort into this exercise

Because many men and women died to give you that exercise. Several times during our history.

AND because there will be dozens of other people on that ballot in addition to Trump or Clinton. Those dozens of people work hard locally and on a relative shoestring.

In return, the least you can do is show up and vote, even if you vote only for a few judges and the dog catcher and then write in Kylo Ren for the rest.

But please VOTE.

Comment by SUGuy
2016-02-23 09:18:14

“In return, the least you can do is show up and vote, even if you vote only for a few judges and the dog catcher and then write in Kylo Ren for the rest.
But please VOTE.”

Fair enough I will vote as you suggested and especially because you said PLEASE. :)

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Comment by Raymond K Hessel
2016-02-23 17:51:11

Write in NOTA above, at least. That way TPTB can’t accuse you of apathy or complacency.

Comment by Max Power
2016-02-23 11:39:50

Another option is to vote for a 3rd party candidate. Doesn’t really matter which one since at this point they really have no chance of winning. But at least you’re registering a vote against the 2 party system that has overwhelmingly failed us. If you don’t vote that can either be interpreted as apathy or that you didn’t like either candidate that the 2 major parties came up with. A vote for a 3rd party candidate makes it clear that you’re voting against the system.

We need a Monty Brewster to run…

Comment by oxide
2016-02-23 12:05:13

If it comes down to Hillary or Cruz/Rubio, I’m writing in Elizabeth Warren.

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Comment by Max Power
2016-02-23 12:15:55

A meaningful number of people voting for a 3rd party candidate or writing someone in would go a long way to encouraging the 2 major parties to make some changes.

Comment by Professor Bear
2016-02-23 01:59:44

Liu Picked to Cure China’s Stock Hurt After $5 Trillion Rout
Bloomberg News
February 21, 2016 — 3:24 PM PST
Updated on February 22, 2016 — 1:05 AM PST
Xiao Gang removed after less than three years in the role
Liu was formerly chairman of Agricultural Bank of China

The new head of China’s securities regulator has been tasked with restoring confidence after policy missteps by his predecessor rattled investors and helped deepen a $5 trillion rout.

Liu Shiyu is assuming oversight of the world’s second-largest stock market in the wake of last summer’s slump that saw Xiao Gang criticized for mismanagement. As well as needing to rebuild morale among the nation’s 99 million investors, Liu will preside over an overhaul of initial public offerings, the planned expansion of a trading link with Hong Kong and a campaign to get the nation’s shares included in MSCI Inc.’s global indexes.

“China faces a confidence crisis after the recent stock market turmoil, stoked to a large extent by policy flip flops,” said Vasu Menon, Singapore-based vice-president for wealth management research at Oversea-Chinese Banking Corp. “International investors will wait to see if he can deliver fresh policies to stabilize the stock market with a steady hand without backtracking on market liberalization.”

Liu takes over as chairman of the China Securities Regulatory Commission from Xiao, who was removed from his post on Saturday after less than three years. Under Xiao, looser controls over leverage helped triple the value of Chinese equities to $10 trillion before share prices collapsed last summer. The plunge reverberated across global financial markets and triggered unprecedented state intervention as the government sought to prevent the turmoil from spreading to an economy already growing at its slowest pace in 25 years.

Comment by Professor Bear
2016-02-23 02:02:06

Singapore Lawyers Warn of 1998-Like Pain as Debt Defaults Spread
David Yong and Andrea Tan
February 22, 2016 — 8:00 AM PST
Updated on February 23, 2016 — 12:50 AM PST
`A while before any significant recovery’ Rajah & Tann says
Banks likely to boost sales of soured loans: Hogan Lovells

Rajah & Tann Singapore LLP, Southeast Asia’s largest law firm, reckons the region’s rising bond defaults will inflict as much pain on creditors as the financial crises of 2008 and 1998.

As distress spreads from shipping to mining and retail to construction industries, the law firm said in an interview that recovery rates will be similar to those seen in the global credit meltdown and Asian financial crisis. Secured creditors recover only less than 33 cents on the dollar from insolvencies in East and South Asia, compared with more than 80 cents in the U.S., according to World Bank studies. Rival law firm Hogan Lovells US LLP said in an interview that regional banks will likely boost sales of bad loans in coming months.

The trough in the mining cycle seems to be continuing and some say it will be a while more before any significant recovery is expected,” said Sim Kwan Kiat, Rajah & Tann’s head of restructuring and insolvency based in Singapore. “From experience, the lower end of the spectrum for recovery rates this time round in 2016 is unlikely to be much different from those in 2008 or 1997-98.”

Comment by Professor Bear
2016-02-23 02:13:17

Is there any near term prospect of higher oil prices?

Comment by Professor Bear
2016-02-23 02:14:48

Top News
Mon Feb 22, 2016 | 9:07 AM EST
Veterans of 1980s oil glut say this price slump, too, will last
A pump jack stands idle in Dewitt County, Texas January 13, 2016. REUTERS/Anna Driver
By Timothy Gardner

(Reuters) - When Sheikh Ali Khalifa al-Sabah of Kuwait thinks about today’s plunging oil prices, his mind drifts back to the mid-1980s, when he was forced to sell some of his country’s crude for as little as $5 a barrel.

As Kuwait’s oil minister at the time, Sheikh Ali had to sell a cargo or two at that price just to keep up cash flow to a country that depended upon oil revenues. “It wasn’t because I wanted to; it was because it was the market price,” he recalls.

“We really had no alternative.”

For oil industry players active during the 1980s bust, the current drop in prices carries echoes of those desperate days. Interviews with some of those involved in that period reveal that while there is little consensus on how long prices will stay depressed, experience suggests the current market glut will not evaporate soon.

Representatives from all aspects of the energy industry will be mulling current low oil prices and the supply glut this week during the IHS CERAWeek gathering in Houston.

Kuwait’s struggles in the 1980s are instructive for anyone wondering whether producing countries can tinker their way out of trouble now. In the face of weak prices in the early years of the decade the OPEC production group introduced output cuts in an attempt to mop up oversupply. Kuwait slashed production from nearly 2 million barrels per day to about 600,000 bpd. The top producer Saudi Arabia made even costlier cuts.

Three factors dashed the plan: fellow OPEC members cheated on their own cuts; global thirst for oil had dried up after price spikes in the 1970s pushed consumers to buy efficient cars; and new supplies, particularly from non-OPEC Mexico, Norway, and Alaska threatened to squash gains from any cuts.

By late 1986, Saudi Arabia and other OPEC members opened the taps again to regain market share, and prices did not recover for 20 years.

The memory leaves Sheikh Ali, now 71, feeling grim about a price recovery this time.

“Tomorrow if the price of oil goes down to $20 I would not be surprised,” he said. “You don’t take excess oil away very quickly. It was true in the 1980s, now it’s even worse.”

Comment by Jingle Male
2016-02-23 02:56:23

Only if the producers stop beating each other senseless. Eventually they will stop beating their heads on an anvil, but the brain damage my be permanent!

Comment by Mafia Blocks
2016-02-23 06:19:47

Crude is already too high at 3x the cost of production. In other words, crude prices have a long way to fall.

Comment by azdude
2016-02-23 07:35:08

gas will probably go back up to 6 bucks a gallon to make up for these losses.

Comment by Mafia Blocks
2016-02-23 08:09:28

Why buy today what you can buy later for 50% less?

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Comment by Professor Bear
2016-02-23 21:34:58

I filled up tonight for $1.999/gallon. Neither my wife nor I can remember the last time either of us bought gas in California for under $2/gallon.

Comment by Goon
2016-02-23 03:46:16

“Social Justice” is a concept invented by communists to loot the assets and income of the productive and redistribute them to people who make bad life choices, can’t delay gratification, and can’t birth control responsibly.

Comment by Blue Skye
2016-02-23 05:17:21


You are only describing one segment of a cycle. Redistribution is not permanent. It is circulation. The object of the artificial cycle is the skim.

Another such cycle is Credit. The circulation of money goes in reverse but again, the purpose of the artificial cycle is the skim.

Comment by oxide
2016-02-23 09:09:40

The object of the artificial cycle is the skim…

+1 I think you just gave Mr. Banker a happy.

Comment by Mr. Banker
2016-02-23 09:29:00

“I think you just gave Mr. Banker a happy.”

One happy and a large bag of Cheetos and - presto! - I am all set to enjoy the day.

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Comment by Mafia Blocks
2016-02-23 10:34:12

Cheetos or CraterTaters.

What will you feast on? Your actions will decide this.

Comment by Oddfellow
2016-02-23 09:22:15

It is circulation. The object of the artificial cycle is the skim.

Correct. And everyone in the economy is skimming, that’s essentially what makes the economy work. The key is to make sure the bankers don’t skim too big of a share.

Comment by Mr. Banker
2016-02-23 09:35:06

“And everyone in the economy is skimming, that’s essentially what makes the economy work.”

Bahahahahahahaha … I see that our fine educational system has done a fine job of educating you.

Listen up, Puke. There is skimming and then there is skinning.

Some are on the right end of the skimming and others are on the wrong end of the skinning, and it is quite humorous to see just which end of which of these you chose to place yourself.


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Comment by Oddfellow
2016-02-23 10:09:38

Listen up, Puke.

Your mask is slipping Mr. Banker. We’re seeing that dark tetrad peeking through.

That’s why you’ll never rise above branch manager.

Comment by palmetto
2016-02-23 10:52:08

OK, that’s just too funny right there, I don’t care who y’are. First good comeback I’ve seen to Mr. Banker.

Comment by Raymond K Hessel
2016-02-23 05:51:15

…people who make bad life choices, can’t delay gratification, and can’t birth control responsibly.

Democrat lifetime entitlement voters, in other words. Hillary’s Free Sh* Army.

Comment by Goon
2016-02-23 07:10:45

The entire “progressive” narrative is making excuses for personal FAIL.

Comment by The Central Scrutinizer
2016-02-23 08:46:31

Don’t forget the polygamists in souther Utah, and all the white trash snorting oxys and riding around in trucks with confederate flag stickers.

Hunger for handouts transcends ideology.

Comment by palmetto
2016-02-23 07:14:11

“Social Issue Politics” is another concept. Like the pickpocket con, a distraction is used such as climate change, abortion, terrorism/war, race relations, immigration, etc so that the pockets of the people can be picked and emptied while they’re focused on something else.

As Mr. Banker can tell you, the beauty of social issue politics is that people become willing, often enthusiastic, participants in the con.

Comment by Mr. Banker
2016-02-23 08:38:20

“As Mr. Banker can tell you, the beauty of social issue politics is that people become willing, often enthusiastic, participants in the con.”

Dumb ‘em down, and profit.

Comment by Mr. Banker
2016-02-23 09:01:32

“… participants in the con.”

And protectors of the con. Protectors of the System that allows the con, that promotes the con.

Again, dumb ‘em down, and profit.

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Comment by Raymond K Hessel
2016-02-23 17:55:28

Protectors of the System that allows the con, that promotes the con.

95% of the voters bent over for the con men in 2008 and 2012 by voting for their Republicrat water carriers. When Ron Paul stepped up to challenge the neocons and the Wall Street-Federal Reserve Looting Syndicate, the sheeple rose as one and with their votes for Obama, McCain, and Romney made a sacred covenant with Wall Street: “We will bend over for you on demand!”

Comment by Oddfellow
2016-02-23 07:22:26

“Social Justice” is a concept invented by communists to loot the assets and income of the productive and redistribute them to people who make bad life choices, can’t delay gratification, and can’t birth control responsibly.

This message brought to you from the Moral Majority.

Comment by Goon
2016-02-23 04:47:52

What country do you live in? The United States or Israel?

“Adelson, whose political involvement is largely animated by his support for Israel’s defense, is thought to distrust Trump on the issue, an Adelson adviser suggested his boss had no plans to spend big on behalf of — or against — any candidate in the tumultuous GOP primary … he and his wife, who plays a major role in his corporate and political affairs, have at times appeared to be divided on the presidential race ― he is leaning toward Rubio, while she is said to favor Cruz. Both candidates are hawkish in their support of Israel … Mort Klein, president of the hawkish Adelson-funded nonprofit group Zionist Organization of America said his old friend has long been committed to taking a more deliberative approach than he did in 2012 … His organization hosted a 2014 dinner at which Cruz received an award for his support of Israel and got to sit next to the Adelsons. On the other end of the spectrum, Klein described Trump as having “no knowledge of the Middle East” and “saying things that aren’t true in any way shape or form.”


Comment by Goon
2016-02-23 10:21:14

In a related narrative, the Book of Sky Wizard survives a fiery crash, a narrative somewhat more inspiring than the traditional “I saw the face of Jesus in a tortilla” narrative that always rallies the base:


The unfortunate consequence of this narrative is that the base once rallied, it votes for the candidate that Sheldon Adelson purchased. United States foreign policy should not be based on belief in the Rapture.

Comment by Goon
2016-02-23 04:54:34

This is the best candidate your Democrat Party can come up with? LULZ

“As Clinton campaigns across the country, she is followed by a persistent cough. At several rallies and speeches, Clinton was interrupted by a chronic and troublesome cough that often left her voice hoarse.

Some voters have expressed concern over the status of Clinton’s health. During a campaign event in Iowa, a woman confronted Clinton about her health.

This isn’t the first time Clinton’s health has been a concern. Back in 2012, Clinton suffered a blood clot and was treated with blood thinners. The blood clot was discovered after Clinton sustained a concussion. Clinton received the concussion after she fainted. Clinton fainted because she was dehydrated. Clinton was dehydrated because she had a stomach virus.”


Comment by CawCawCaw
2016-02-23 07:23:48

Get that woman some Tussin.

Comment by The Central Scrutinizer
2016-02-23 08:47:47

It’s all they need to win against the republican clownshow. The bar is that low.

Comment by oxide
2016-02-23 09:22:55

Yeah, and it was all a conspiracy to avoid yet another Ben Ghazi hearing.

Come on. Even a healthy 20-year old could have that sequence of medical issues. And coughs are not new. Teddy Roosevelt’s doctor practically had to ration Teddy’s campaign speeches to make sure his vocal cords were not damaged, and Teddy was 25 years younger.

Comment by The Central Scrutinizer
2016-02-23 12:03:34

Things are different now. America needs a president that can leap tall buildings in a single bound to protect us from the muzzies and the mexicans, and millions of people already know that only Donald Trump is capable.

If Hillary is elected, the immediate outbreak of spontaneous human combustion that ensued would decimate the population. And then ISIS and The Mexicans would take over and build robots to steal our medicine.

The choice is clear.

Comment by Goon
2016-02-23 05:08:21

King Obama is trying to kill you:


You might want to see a doctor about that fundamental transformation growing on your nether regions, LOLZ.

Comment by Goon
2016-02-23 05:17:08

So much LOLZ happening in this article:

“Once they moved in, problems quickly mounted. New windows had been installed in some rooms, but haphazardly, without insulation. A contractor told them that the previous owner had removed a load-bearing wall without putting a hefty beam across the ceiling to make up for the missing wall. “Nothing was shoring up the second floor,” Ms. Hicks said. An electrician told them the wiring was not grounded, and that a fire could break out at any time.

The basement had a tankless water heater, a selling point for the Hickses. But shortly after they moved in, it stopped working. It was supplying water to a Rube Goldberg series of pipes that traveled all the way to the attic and then into the rooms for the radiators, looping throughout the house and covering so much distance that the water cooled by the time it got to where it was needed. During last year’s often bitter winter, the radiators couldn’t get the second floor warmer than 48 degrees. Ms. Hicks said she was working from home, “but with a hat on” and a space heater glowing.

Ms. Hicks’s favorite feature of the house had been the hand-laid tile on the floor of the master bath, which gave the impression of a riverbed. But by the end of their first summer, the tiles were cracking. The plywood subfloor was inadequate and incomplete; the floor was sinking.

That winter, they lost access to one of the showers when the pipes froze; the pipes ran along an outside wall over the covered porch and had not been insulated.

Some things simply seemed slipshod. When Mr. Hicks leaned against the granite countertop on the kitchen island, it slid. It had never been attached.

They had not known the level of deep disrepair that the previous owner, Ms. Royal, had encountered when she bought the house. They had not seen an article that ran in The New York Times in 2010, detailing her efforts to bring it back with a crew of handymen.

The charming bridge over the stream had to be replaced; the wood was untreated, and began disintegrating within a year. By last June, nearly three years after moving into the house, the Hickses moved out and contractors moved in; the family realized that they needed to tackle all of the necessary repairs at once. They were told that the repairs would take six or seven months, but it is likelier to be 11.”


P.S. Bill in Los Angeles = WIN

Comment by Oddfellow
2016-02-23 07:34:15

Posted yesterday so I’ll repeat my comment: “They either ignored their home inspector or they should sue him. My bet is they ignored him, because it was a “dream home”.

Comment by X=GSfixr
2016-02-23 07:55:37

Nice to see that the age of the home improvement contractor who does crappy work is still alive and well.

Dare I mention that this is what you end up with when your industry is essentially unregulated?

Comment by Bluto
2016-02-23 12:17:59

Locally (northern Calif.) plenty of lousy contractors have kept busy the last 6 years or so doing shoddy rehab jobs for flippers, the volume has dropped a bit lately but new ones still appear weekly, the markup is typically $100-200K….here is one for $414K (with a $300K markup) that isn’t selling, might have something to do with being within arms length of the junction of two freeways (the junction is also shelter for a LOT of homeless people.


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Comment by redmondjp
2016-02-23 19:31:31

When your buyers are ooohed and aaaaahhhed by the window dressing, and fail completely to consider the underlying design issues or poor workmanship, then they deserve what they get.

I am no longer surprised when I tour $1M+ homes and see a 35cfm $20 Home Despot Special screaming-loud bathroom fan.

Stupid buyers deserve this stuff. So the builders give it to them, and profit!

I don’t consider my house as an investment, but as shelter. I do to it what makes it functional for me, and spend as little as possible.

I did a calculation once for the payback period for having a contractor install double-pane vinyl windows - break-even is 10-15 years. If I do it myself, it is many years less.

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Comment by Goon
2016-02-23 07:57:03

I have so much money left after “throwing money away on rent” every month that I don’t know where to throw it.

“Check cheddar like a food inspector” — Jay Z

Comment by Oddfellow
2016-02-23 08:31:53

Jay Z’s music is almost as boring as his wife Beyonce’s. A match made in bad song heaven, like if John Denver had married Olivia Newton John.

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Comment by Pineapple
2016-02-23 07:57:31

Doesn’t matter, they are victims nevertheless.

Comment by palmetto
2016-02-23 08:30:33

True, but I’ve about had a bellyful of some of the senior citizen home repair victim stories here in Florida. This one caught my eye last night:


Cue all the whining and sobbing about “I’m a senior citizen, they ripped me off!”

It’s greed, pure and simple. These “victims” were willing participants in their own victimization. If they’ve been homeowners for any length of time at all, they know what it costs to do a good job on driveway repair. They saw an opportunity to take advantage of a guy who was “down on his luck”. They thought they were going to get a $1,000.00 job for two or three hundred bucks and they could brag about it at bingo or bridge or on the golf course.

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Comment by Raymond K Hessel
2016-02-23 17:58:21

After the mess these “victims” are leaving for future generations, I have trouble feeling sorry for them.

Comment by Mafia Blocks
2016-02-23 08:17:49

Paying grossly inflated prices for rapidly depreciating assets results in massive losses irrespective of condition.

Comment by azdude
2016-02-23 08:37:36

you have been wrong about housing for how many years now? lmao

Comment by Mafia Blocks
2016-02-23 08:49:08

Are you sure AZ_Donk?

Irving, TX Housing Prices Crater 15% YoY


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Comment by oxide
2016-02-23 12:28:11

From the article: The couple paid $650,000 for their house, and are now spending almost half the purchase price on repairs and an expansion.

I have no sympathy whatsoever for this couple. It’s a couple and a toddler, and they had to “expand” on 1800 sq ft? Ballparking from the pictures, this couple splurged on $150K in repairs and another $150K expansion. For that sort of money, they could have torn it down and built new.

Comment by Mafia Blocks
2016-02-23 12:37:40


It’s a hundred year old balloon framed firetrap. There wasn’t $20k in materials left.

Comment by The Selfish Hoarder
2016-02-23 22:00:07

“Bill in Los Angeles = WIN

I don’t know. I would pay $700,000 for a crack shack with bars in the window and section 8 neighbors just for having hand-laid tile in the master bathroom where I would spend five friggin minutes a day. Where is the purchase agreement and gotta pen?

Comment by Goon
2016-02-23 05:21:39

Washington Post real journalists provide an editorial narrative on The Donald:

“Winning can quiet many complaints, it is true. But it cannot and will not be an antidote to the moral poison of Mr. Trump’s campaign. Party leaders who support and celebrate his victory will be accomplices to an attack on the fundamental values of American democracy. Winning will not wash away the stain.

Mr. Trump’s campaign is based on suspicion and unreason. He revels in policy proposals that make no sense. He stirs bigotry against Muslims, Hispanics, Jews, people with disabilities and more. He demeans war heroes.

How will he respond when, having reached the Oval Office, his simplistic promises proved unachievable, he encounters opposition in the form of legitimate checks and balances from the courts and Congress? Which ethnic group will he pick on to explain away his failures to deliver? What actions would he take to distract people from his lack of substance?”


Comment by CawCawCaw
2016-02-23 07:25:50

Al Davis said it best, Just win, baby win!

Comment by Oddfellow
2016-02-23 08:06:48

Trump laments loss of freedom to beat protesters, promises to bring those days back.

“”I’d like to punch him in the face,” Trump said, remarking that a man disrupting his rally was escorted out with a smile on his face.

In the old days,” Trump added, protesters would be “carried out on stretchers.”

“We’re not allowed to push back anymore,” Trump said.”


Comment by Professor Bear
2016-02-23 08:29:30

I have to wonder whether police brutality would skyrocket under a Trump presidency, given the thuggish remarks he and his disciples frequently make.

Comment by Blue Skye
2016-02-23 08:58:56

Next you’ll wonder if he will drag people out into the street and shoot them for their opinions. Oh wait, you already did.

We need a revolution in this country, to tip the entrenched elite criminals out of their chairs. Voting is a peaceful way to start a revolution. Polite people need not apply.

Economic pain is coming and hell is coming with it (sorry Wyatt). If the corrupt cannot be voted out there will be impolite people in the streets doing impolite things for real.

It is too early for reform. Some things that are wrong need to be broken first. That’s what so many Americans are voting for IMO.

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Comment by Oddfellow
2016-02-23 09:20:01

We need a revolution in this country

Agreed. But does the revolution have to come in the form of a man who laments his inability to have protesters beaten, and promises to increase our use of torture and eavesdropping?

Because I think I’d prefer the status quo to that revolution.

Comment by Blue Skye
2016-02-23 12:48:44

I do not prefer to be robbed politely, to have my children politely put into the bondage of debt and poverty or to have the country my father shed blood to protect pillaged politely.

Your feelings keep getting hurt and you’d rather leave the country in the hands of insidious gangsters who sooth your sensibilities with platitudes? I don’t get it. Rednecks talk like this all the time. It rarely turns into a brawl unless too much beer and boobs are involved.

The guy is rude. He has a rude job to do cleaning up a sewer. You think you will find a polished sensitive polite person to do that? Insidious sissified socialist snakes are not preferred. Lady MacBeth is not preferred. Pitchforks are not preferred. Pitchforks are really rude.

As for sincerity, it seems to me you advocated putting people who didn’t sing the Global Warming song into concentration camps. You are rude too, just not so honestly.

Speaking of rude, I hope that if it should be President Trump that he will hang the portrait of Andrew Jackson in the Oval Office.

Comment by Oddfellow
2016-02-23 19:59:55

Sound like you and Trump are Social Justice Warriors, Blue.

And I don’t think the Nuremberg Trials resulted in anyone going to concentration camps. Perhaps you should refresh your knowledge of WW2 history, especially since I’m guessing that’s where your dad shed blood. He’d probably want you to know he didn’t do it to put people in concentration camps, but to bring people who had committed crimes against humanity to justice. Like will happen to climate change deniers one day. But just the big boys, I’m sure the mindless repeaters will be given a pass. Rest easy.

Comment by CawCawCaw
Comment by trader jack
2016-02-24 02:24:42

As a WW2 veteran I can tell you that in my experience throughout the war the average man did not give a damn about the people dying in concentration camps, but fought because the Japanese killed a bunch of Americans and the men wanted to punish the Japanese.

Comment by Oddfellow
2016-02-23 09:24:54

given the thuggish remarks he and his disciples frequently make.

I’m sure they’ll be very selective in whose teeth they kick in. Just those who dare to protest.

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Comment by redmondjp
2016-02-23 19:33:04

And Billary is different how?

Comment by Professor Bear
2016-02-23 21:41:42

“And Billary is different how?”

I don’t recall reading about Hillary making thuggish or obscene statements, or encouraging her supporters to assault dissenters at her campaign rallies. If she did these things and I missed it, please post some links to the news stories.

Comment by Professor Bear
2016-02-23 08:26:01

Is “editorial narrative” supposed to mean “patently wrong”?

Do you disagree with everything in the article, or does the writer possibly make some valid points?

Comment by Goon
2016-02-23 10:12:57

Every link I share is a narrative, this one noted as an editorial narrative as it is attributed to the Washington Post and not an individual columnist.

Comment by Professor Bear
2016-02-23 21:43:25

Thanks for clarifying.

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Comment by CawCawCaw
2016-02-23 22:13:00

Trump wins Nevada!


Comment by Goon
2016-02-23 05:23:05

Warmist Warming Tuesday:

“A group of scientists says it has now reconstructed the history of the planet’s sea levels arcing back over some 3,000 years — leading it to conclude that the rate of increase experienced in the 20th century was “extremely likely” to have been faster than during nearly the entire period.

“We can say with 95 percent probability that the 20th-century rise was faster than any of the previous 27 centuries,” said Bob Kopp, a climate scientist at Rutgers University who led the research with nine colleagues from several U.S. and global universities.”


“This sucker could go down” — George W. Bush

Comment by Blue Skye
2016-02-23 09:07:01

Just a handy reminder to buy high and sell low.

Comment by Oddfellow
2016-02-23 09:28:47

“We can say with 95 percent probability that the 20th-century rise was faster than any of the previous 27 centuries,” said Bob Kopp, a climate scientist at Rutgers University who led the research with nine colleagues from several U.S. and global universities.”

Rutgers, yet another gear in the Worldwide Scientist Conspiracy. Along with those conveniently unnamed “U.S. and global universities”. See?! It has the word “global” in it! Globalism!

Them scientists need to learn to think local.

Comment by Blue Skye
2016-02-23 09:57:10

Rutgers University

Eat it up while you can. Rutgers is very close to sea level. They will cease to be relevant.

Comment by Raymond K Hessel
2016-02-23 18:00:14

Please, Rutgers, have the snowflakes seek shelter in the basement.

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Comment by Hi-Z
2016-02-23 10:28:38

Notice the article says “rate of increase” is “faster” That does not mean the levels are the highest (or lowest) over this “selected” period; just that they think the rate of increase is faster.

Comment by Blue Skye
2016-02-23 11:10:54

Some years ago I stopped at a highway roadcut in Nebraska for a rest in the shade. It was about 1 mile above sea level. I was quite surprised to observe that the long hill the road cut through was a petrified Oyster bar.

Sea level is a rather relative thing. Some of these guys who write papers are a few bricks short of a load.

Comment by Oddfellow
2016-02-23 20:03:34

I was quite surprised to observe that the long hill the road cut through was a petrified Oyster bar.

You know how non-volcanic mountains are made, right?

Didn’t teach much science at Exxon U, did they?

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Comment by Blue Skye
2016-02-23 21:58:55

Well yes Oddie, it was pretty much all science. What was your major? Maybe we are honor society brothers!

Not to spoil the obvious for you, but if you think sea level has been chronicled for the past few thousand years, what is that relative to? Certainly not to the Nebraska plains, right? How about to the coastal cliffs in Chile?

Comment by I am yuuuge in Burma
2016-02-23 05:28:06

Obama will appoint black female judge to supreme court. The whole election will be about her. Perfect campaign for Hilary…gets the blacks fired up against the “raycis” republicans.

Comment by Blue Skye
2016-02-23 05:45:58

You are going to have to dig up something else to fuss about. Half the court is already female or black.

Comment by oxide
2016-02-23 15:15:11

“female or black”

But nobody is female AND black. Remember, you’re a racis until you have a “first” in *every* possible permutation.

NBC news listed some possibilities, including Sri Srinivasan (DC circuit) and Jacqueline Nguyen (9th circuit San Fran). Both are very young, both were confirmed by the Senate with flying colors, and both score diversity “firsts.” My guess is that Obama will nominate one of them.

Comment by CawCawCaw
2016-02-23 06:03:46

I’d appoint that chick that played the oracle in the Matrix movies.

Comment by Raymond K Hessel
2016-02-23 06:55:17

Obama will appoint a judge who will rubber-stamp the oligarchy’s “fundamental transformation” while further trampling on the Constitution. Gender, race, sexual orientation - all else is secondary.

Comment by Goon
2016-02-23 05:33:28

Listen to your betters.

Betters assure that this is somehow the logical extension of civil rights for black people, that if you are born male and choose to wear women’s panties, you are the absolute moral equivalent of what people who came to USA chained to the bottom of a boat, endured centuries of slavery, segregation, and systemic violence went through to achieve civil rights:

“North Carolina’s largest city has passed a law allowing transgender people to choose public bathrooms that correspond to their gender identity, which the governor had called a threat to public safety and warned that the General Assembly may step in.

The Charlotte City Council voted 7-4 Monday to expand protections based on sexual orientation and gender identity, making it the latest frontier in a national debate on how businesses treat gay, lesbian and transgender customers. One of the revisions to the city’s nondiscrimination ordinance allows people to choose restrooms corresponding to the gender with which they identify.”


The reason they’re called betters is because they’re better than you.

Comment by Pineapple
2016-02-23 08:32:36

“The reason they’re called betters is because they’re better than you.”

Your insensitive words deeply disturb me and I feel the time has come for you to refrain from posting them.

Comment by The Central Scrutinizer
2016-02-23 08:55:15

“they’re better than you”

Keeps you up at night, teeth grinding.

Comment by Oddfellow
2016-02-23 09:48:03

Repeats it as he cleans his guns. “You talkin’ to me, better? Well there’s no one else here…”

Comment by Goon
2016-02-23 10:35:35

Better, your analogy is apt, as New York City under DiBlasio has been restored in all its progressive glory to as it was when Taxi Driver was filmed.

Stabbings, subway groping, public urination, it’s the progressive way.

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Comment by The Central Scrutinizer
2016-02-23 10:44:51

While trembling with fear and rage in your substandard flyoverland dwelling is the new conservatism.

Trumplings gotta tremble.

Comment by palmetto
2016-02-23 10:55:48

Goon is not a trump supporter.

Comment by Oddfellow
2016-02-23 11:00:31

Better, your analogy is apt,

I know it is, lesser, that’s why I made it. You’re god’s lonely man, aren’t you?

“Listen, you f-ers, you screwheads. Here is a man who would not take it anymore. A man who stood up against the scum, the c*nts, the dogs, the filth, the sh!t. Here is a man who stood up.”

Comment by Raymond K Hessel
2016-02-23 05:54:43

Another Democrat-run corrupt cesspool lurches deeper into a murderous dystopia, while the oligarch gun-grabbers and their Democrat hirelings cry out in unison: We need more gun control (for law-abiding people)!


Comment by Raymond K Hessel
2016-02-23 05:57:06

If you like your Orwellian surveillance society, you can keep your Orwellian surveillance society. And the sheeple bleat “Baaaaaaaa! Baaaaaa!”


Comment by Raymond K Hessel
Comment by Raymond K Hessel
2016-02-23 06:02:21

Japanese Yen sinking like a stone - Da Boyz will have to find some other gimmick besides the Yen carry trade to levitate our Ponzi markets.


Comment by Raymond K Hessel
2016-02-23 06:06:39

Are the mindless D voters of Arkansas who foisted the sociopathic Bill and Hillary Clinton on the nation finally seeing the folly of voting for corrupt, venal Democrats who only make their lot in life worse?


Comment by Raymond K Hessel
2016-02-23 06:09:11

Send us your diseased masses yearning to become lifetime Democrat entitlment voters in exchange for free (paid for by taxpayers) everything.


Comment by Goon
2016-02-23 07:42:16

Bathhouse Barry says condoms are racist.

Comment by Raymond K Hessel
2016-02-23 06:12:59

More oligarch-sponsored fundamental change to herd the sheeple deeper into Zombie Nation. Virtual reality will be the new opiate of the brain-dead masses.


Comment by azdude
2016-02-23 06:27:38

we need some more dovish comments by central bankers today to keep this party going! WINNING

Comment by Raymond K Hessel
2016-02-23 06:44:37

Once our Soros-sponsored “fundamental transformation” into a Third World cesspool enbables our permanent Democrat supermajority to be installed, the systemic institutional corruption sanctioned and enabled by each and every Democrat voter can achieve its fullest expression in our penal system, as we imitate Mexico in our entrenched corruption and criminal impunity (beyond the existing impunity for sociopath .1%ers like Hillary Clinton and Obama’s campaign bundler Jon Corzine). Forward!


Comment by Raymond K Hessel
2016-02-23 06:47:01

One in three ‘Muricans on the verge of insolvency…how’s that hope ‘n change working out for ya, ‘Murica?


Comment by Raymond K Hessel
2016-02-23 06:49:23

Most ‘Muricans can readily discern that Hillary is corrupt and dishonest, but that will not stop tens of millions of them from wittingly voting for corruption and crony capitalism. And if she wins, they are going to get exactly the governance and country they deserve.


Comment by X=GSfixr
2016-02-23 08:30:50

Yeah, she’s corrupt and dishonest, but she’s advertises herself as THEIR corrupt, dishonest politician.

Republicans should be asking themselves why they continue to nominate candidates that make Hillary look good.

The abortion issue is Exhibit “A”. All three of my daughters will NEVER vote Republican. Not because they have had, or plan on ever having and abortion. But because they can imagine a scenario where they might need to get one, and don’t believe that Republican Bible-Thumpers should have any say in the matter.

Republican policy seems to be:

- Force pregnant women into having babies they may not want, or cannot afford.

-Then refuse to pay any support/assistance to anyone forced to have babies,

-While shaming them for “having babies they can’t support”

And do we need to discuss the scenario, where abusers and rapists sue to get “parental visitation rights”?

Comment by MightyMike
2016-02-23 09:35:15

Do you think that they’ll vote this year? A lot of young people don’t vote. I also saw something back in 2012 about a reporter interviewing a 60 year-old woman about her vote for Romney. The reporter asked her about abortion. The voter said that she cared about the abortion issue when she was younger, but no longer did because she was too old to get pregnant. If your daughters think like this woman, the GOP has a chance to capture most of the votes that they’ll cast during their lives.

Comment by phony scandals
2016-02-23 13:19:57

“The voter said that she cared about the abortion issue when she was younger,”

What are your thoughts on late-term abortions Mike?

By Terence P. Jeffrey | January 21, 2015 | 12:23 PM EST

(CNSNews.com) - In its “cost estimate” of the “Pain Capable Unborn Child Protection Act” released yesterday, the Congressional Budget Office estimated that about 10,000 unborn babies are killed each year in the United States in abortions that take place at 20 weeks or later in pregnancy.

That works out to an average of 27.4 late-term abortion per day or 1.14 per hour.

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Comment by Oddfellow
2016-02-23 20:10:58

You know you don’t want a new member of the FSA born every hour, you just like getting up on your high horse about it. Just like you used to rail against torture and bombing until Trump said he’d double down on them.

And suddenly bombing and torture became OK.

Comment by MightyMike
2016-02-23 21:05:22

I question the wisdom of adding abortion to the topics debated here. The statistic about 1.14 per hour is odd. Is that a lot? Is it more than you would have guessed before reading it?

I did a very quick search and found this:

One study that did examine the question of why late-term abortions are sought was published in 2013 in the Guttmacher Institute’s peer-reviewed journal, Perspectives on Sexual and Reproductive Health. That study compared 272 women who had abortions at or after 20 weeks with 169 women who had first-trimester abortions; importantly though, the study specifically excluded any women who sought later-term abortions due to fetal anomaly or maternal life endangerment.

The study’s primary finding was that “[i]n many ways, women who had later abortions were similar to those who obtained first-trimester procedures.” It found that those who delayed abortions until later in their pregnancies were more likely to be younger women, those with limited financial resources and those who experienced logistical delays such as the need for extended travel to an abortion provider.

In other words, those laws in red states that have resulted in some having only one or two clinics in the whole state has probably driven up the number of late term abortion.


Comment by The Central Scrutinizer
2016-02-23 08:57:01

Put Trump up against Ghengis Kahn, and Ghengis is going to take it. There aren’t enough angry, fat old white people to give him the presidence. The GOP really screwed the pooch this time.

Comment by Raymond K Hessel
Comment by azdude
2016-02-23 07:29:34


Do you think some more central bankers will get wheeled out soon to keep the shorts covering?

Is it DRAGHI time again?

Comment by Raymond K Hessel
2016-02-23 18:04:23

More and more of the sheeple are waking up and seeing the central bankers as the Keynesian fraudsters that they are. Look at Japan: they instituted NIRP, and the financial crack cocaine high only lasted for two whole days. So I’m doubting that central bank jawboning alone is going to do the trick.

Comment by palmetto
Comment by Oddfellow
2016-02-23 10:52:46

Make a good B movie if someone got shipwrecked there.

Comment by palmetto
2016-02-23 11:18:45

A walking tour of the Florida Everglades might make them re-consider.

Comment by Raymond K Hessel
2016-02-23 18:06:56

Would make a grade A movie if the Democratic Convention was held there and the unsuspecting two-legged DNC reptiles met their slithering venomous cousins.

Comment by phony scandals
2016-02-23 07:19:35

For God’s sake somebody get this poor girl some free sh#t quick!

Sad Sanders supporter cries about mean Trump supporters …
http://www.youtube.com/watch?v=CoAmll3ViQA - 175k -

Comment by phony scandals
2016-02-23 07:24:20

I just watched it again.

I had to turn it off at 2:30 because I was laughing so hard it hurt.

Comment by azdude
2016-02-23 07:27:32

give that gal some crater taters!

Comment by palmetto
2016-02-23 07:35:55

I think she’s had a little too much boxed wine. Poor thing. She needs to be sent on vacation in Germany or Sweden

Comment by Goon
2016-02-23 07:48:20

She needs a “sexual emergency” to check her privilege, LULZ.

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Comment by palmetto
2016-02-23 07:59:09

OTOH, as painful as that video was to watch, I can’t help thinking I’d like to give the girl props for at least getting involved, even if I disagree with the drama queen stuff. At least she spent some time manning a phone bank for her candidate.

Comment by Pineapple
2016-02-23 08:44:40

“She needs a “sexual emergency” to check her privilege, LULZ.”

Your heartless comments concerning such a sensitive issue is causing me to silently weep. Please, please stop!

Comment by The Central Scrutinizer
2016-02-23 08:59:09

Hey, rape is a perfectly legitimate response to a political disagreement. Trumplings gonna trumple.

Comment by Raymond K Hessel
Comment by palmetto
2016-02-23 08:09:14

Oh, gawd, if she thought people were mean before, she ain’t seen nuthin’ yet. Why do these kids do stuff like that to themselves?

Like I said, I give her props for at least taking the time to man a phone bank for her candidate.

Comment by phony scandals
2016-02-23 08:32:09

“Why do these kids do stuff like that to themselves?”

Professor: Young Bernie Supporters Prove Education System has Failed

University of Oklahoma professor breaks down socialism’s failures

Adan Salazar | Infowars.com - February 22, 2016 213 Comments

Bernie Sanders’ rise in popularity among the nation’s youth despite his socialist policies exemplifies the country’s failing education system, a college professor says.

In an editorial published in The Oklahoman last month, University of Oklahoma Associate Professor David Deming claims “the candidacy of Bernie Sanders is a symptom of our failure to educate [the youth], not only in history, government and economics, but also basic morality.”

“You don’t have to be a student of ancient history to know socialism doesn’t work,” Professor Deming states, highlighting the capitulation of the Soviet Union and Venezuela’s current problems as examples of how the Socialist economic system dooms nations to fail.

“The misery caused by socialism is unfolding today in Venezuela. Since Venezuela embraced socialism in 1999, poverty, crime and corruption have all increased. Grocery shelves are empty and the annual inflation rate is estimated to be as high as 200 percent.”

Deming notes the U.S. was allowed to thrive because its Founding Fathers upheld private property rights, and credits the free-market capitalist economic system for producing “the greatest prosperity in human history.”

“If we believe a transaction is in our best interest, we have an incentive to maintain good relations with those with whom we’re trading. Thus a society based on freedom and trading promotes good will and civility.”

Under socialism on the other hand, Deming claims, “there are no property rights.”

“Everything you possess is subject to confiscation and redistribution,” he writes. “Industrious and productive people are punished; parasites are rewarded.”

Deming goes on to argue the solution lies in limiting government power and the checks and balances placed on the various branches by the Constitution.

“Human nature is corruptible,” stresses Deming. “If government has the power to redistribute wealth, it will always act in the interests of the powerful segments of society.”

“What made America great is not progressive government, but the genius and industry of a people freed from arbitrary power by the chains placed upon government by our Constitution.”

“If we want to retain our freedom and prosperity,” Prof. Deming says, “then we must educate our children that the purpose of government is to secure liberty, not provide free lunches.”


christ_bearer • an hour ago

I saw 4 of these Usefull Idiot Supporters at a Farmers market.. I asked them these 5 questions after they were forcing their “Feel the Bern” crap on me..:

1. What is the difference between a Socialist and a Democratic Socialist?
2. What is the Federal Reserve.. and who is its Chairman?
3. What is the current debt of our nation?
4. Who is Debbie Wasserman Schultz.. how do you feel about her?
5. What are the 3 Branches of Government?


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Comment by Mr. Banker
2016-02-23 08:56:56

“Everything you possess is subject to confiscation and redistribution,” he writes. “Industrious and productive people are punished; parasites are rewarded.”

Hey, this sounds just like my philosophy! Everything you possess is subject to confiscation … (I’ll just leave off the redistribution part). All I have to do to get you there is to have you sign a dotted line or two,… and wait a bit.

“Parasites are rewarded”. Yep.

Comment by MightyMike
2016-02-23 09:47:23

Bernie’s not a socialist. If any education system has failed, it must be the one that produced this professor.

Stop Calling Bernie Sanders a Socialist

The Vermont senator is a “democratic socialist”—and yes, there’s a difference


Comment by phony scandals
2016-02-23 10:38:53

“Stop Calling Bernie Sanders a Socialist”

Bernie Sanders is a Socialist.

Comment by Blue Skye
2016-02-23 14:49:11

Bernie is a socialist.

Comment by MightyMike
2016-02-23 08:27:58

Of course, phony must have found it on one those crackpot right wing websites.

Comment by phony scandals
2016-02-23 08:45:04

“Of course, phony must have found it on one those crackpot right wing websites.”


5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.

13: “Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions.

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Comment by The Central Scrutinizer
2016-02-23 09:00:22

Lol @ lola.

Comment by MightyMike
2016-02-23 09:23:55

For God’s sake somebody get this poor girl some free sh#t quick!

Gee, that sounds like ridicule right there. Make up your mind.

Comment by phony scandals
2016-02-23 09:37:47

How To Stop Your Chihuahua From Nipping And Biting - YouTube
http://www.youtube.com/watch?v=wHJEHuVYFms - 231k -

Comment by Mr. Banker
2016-02-23 10:08:04

“How To Stop Your Chihuahua From Nipping And Biting”

What your Chihuahua needs is a suitable playmate …


Comment by phony scandals
2016-02-23 10:31:08

“For God’s sake somebody get this poor girl some free sh#t quick!”

“Gee, that sounds like ridicule right there.”


I was compassionately calling for some Free contraception or Free College tuition or a no limit SNAP card or Free healthcare or a section 8 condo on the beach or a $700k a year no show job at MSNBC like Chelsea Clinton got for the poor girl who had been reduced to tears and traumatized by Trump supporters which brought her to the point that she didn’t even know what “white” was.

Comment by Oddfellow
2016-02-23 11:09:52

“5: “Ridicule is man’s most potent weapon.”

Pick the target, freeze it, personalize it, and polarize it.”

Psst! Phony! You’re accidentally posting your instruction manual again.

Comment by phony scandals
2016-02-23 11:52:59

BY: Alana Goodman
September 21, 2014 10:00 pm

The letters also suggest that Alinsky, who died in 1972, had a deeper influence on Clinton’s early political views than previously known.

A 23-year-old Hillary Clinton was living in Berkeley, California, in the summer of 1971. She was interning at the left-wing law firm Treuhaft, Walker and Burnstein, known for its radical politics and a client roster that included Black Panthers and other militants.

On July 8, 1971, Clinton reached out to Alinsky, then 62, in a letter sent via airmail, paid for with stamps featuring Franklin Delano Roosevelt, and marked “Personal.”

“Dear Saul,” she began. “When is that new book [Rules for Radicals] coming out—or has it come and I somehow missed the fulfillment of Revelation?”

“I have just had my one-thousandth conversation about Reveille [for Radicals] and need some new material to throw at people,” she added, a reference to Alinsky’s 1946 book on his theories of community organizing.

Comment by Raymond K Hessel
2016-02-23 18:17:01

Socialism is using coercive force to take from the productive to give to the parasites. There is no other form of socialism on the planet. Sorry, weepy snowflake, but the makers are getting fed up with continual involuntary expropriation from the takers.

Comment by Oddfellow
2016-02-23 20:14:04

Socialism is using coercive force to take from the productive to give to the parasites.

Then all forms of governance are socialist, since they all do that to some extent. Bill in LA is right.

Comment by MightyMike
2016-02-23 21:00:29

Socialism is using coercive force to take from the productive to give to the parasites.

No, that’s a common error. It’s not what socialism is.

Socialism is a range of social and economic systems characterised by social ownership and democratic control of the means of production;[7] as well as the political ideologies, theories, and movements that aim at their establishment.[8] Social ownership may refer to forms of public, cooperative, or collective ownership; to citizen ownership of equity; or to any combination of these.[9] Although there are many varieties of socialism and there is no single definition encapsulating all of them,[10] social ownership is the common element shared by its various forms.


Comment by X=GSfixr
2016-02-23 07:23:38

Captain Eric Brown, Royal Navy, age 97, passes away on February 21.

Sorry Chuck Yeager and/or the Mercury astronauts, he was “The Greatest Pilot anyone had ever seen”……

-Had flown 487 different types of aircraft (not including subtypes)

-2407 carrier landings

Both records probably never to be beaten

-First man to land a twin engine aircraft on a carrier

-First man to land a jet aircraft on a carrier

- One of the pilots of 802 Squadron, shot down two FW 200 “Condors while flying from HMS Audacity, the first “Jeep”/Escort carrier (aircraft carrier converted from merchant ship). One of two squadron survivors when Audacity sunk by U-boat.

Comment by Raymond K Hessel
2016-02-23 07:53:51

The Britain he leaves behind isn’t the Great Britain he defended and sacraficed for. The UK has been “fundamentally transformed.” Our turn next.

Comment by MightyMike
2016-02-23 09:26:36

Yeah, half of Britain was living in poverty in 1940. Things have improved dramatically.

Comment by Raymond K Hessel
2016-02-23 18:21:47

The entire world was in a global depression in 1940, dumbass. Caused, as usual, by the banksters and speculators run amok.

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Comment by MightyMike
2016-02-23 18:40:51

Yeah, I know that, moron. It’s irrelevant to my point. The British people are also much more prosperous than they were before the Great Depression.

Comment by Mafia Blocks
2016-02-23 18:56:29


Fact is the vast majority of the UK populace lives under crushing debt.

Comment by rms
2016-02-23 19:28:44

“The British people are also much more prosperous…”

The average British subjects citizens have terrible teeth compared to the U.S.

Comment by MightyMike
2016-02-23 20:53:20

There was something discrediting that couple of months ago.

British teeth are no worse than US smiles, say researchers

Study squashes myth of terrible dentistry as it finds Americans have more missing teeth and worse oral health if poor

Americans do not have better teeth than the English, new research suggests. Experts set out to challenge the idea – dating back more than a century – that the English have poor dental hygiene.

A team from the UK and the US examined data on thousands of people from the English Adult Dental Health Survey and the US National Health and Nutrition Examination Survey. They looked for examples of missing teeth, adults’ perceptions of their oral health, and the effect of poor teeth on daily life such as pain, difficulty eating, avoiding smiling and social effects. Levels of education and household income were also examined.

The study showed that the average number of missing teeth was significantly higher in the US (7.31) than in England (6.97), and that people were more likely to suffer poor dental health because of socioeconomic factors if they lived in the US.

“In conclusion, we have shown that the oral health of Americans is not better than the English, and there are consistently wider educational and income related oral health inequalities in the US compared with England,” said the researchers, who included academics from University College London.


Comment by rms
2016-02-23 22:14:33

Ladies such as Princess Diana and Elizabeth Hurley have nice smiles suggesting orthodontic braces in their youth, which were likely paid for with private money, not public healthcare. I am under the impression that people in the U.S. spend more out of pocket for dentistry than their counterparts across the Atlantic.

Comment by trader jack
2016-02-24 02:39:06

did you forget that they were at war at that time, and had rationed food.

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Comment by Goon
2016-02-23 07:54:02

WSJ subscriber article preview reports on broke @ss old womyn working past age 70:


50% of marriages end in divorce, and 70% of divorces are initiated by womyn.

This is the “having it all” narrative you get to look forward to, LULZ.

Comment by The Central Scrutinizer
2016-02-23 09:01:42

Meanwhile you get to spend your life as a polygamist, with TWO hands to make love to. Wank on, ragemonkey!

Comment by phony scandals
2016-02-23 12:51:21


You seem particularly angry today.

Maybe taking some time out to enjoy your favorite artist will help you calm down.

http://www.youtube.com/watch?v=h75mqUm0lIo - 271k -

Comment by phony scandals
2016-02-23 08:01:06

Clinton Refuses To Flatly State That She Has Not And Will Not Lie …
http://www.youtube.com/watch?v=xxjdbj-GyBc - 189k - Cached - Similar pages
4 days ago .

Comment by The Central Scrutinizer
2016-02-23 09:03:01

She has, and she will, and the Trumplings are going to put her in the white house.

Stupid trumplings.

Comment by palmetto
2016-02-23 09:56:50

Geez, I dunno. More likely Obama yells “Get the hook!”.

Comment by phony scandals
2016-02-23 10:13:13

Trump: As president, I would prosecute Clinton

By Anna Giaritelli (@anna_giaritelli) • 2/23/16 12:01 AM

Donald Trump said Monday night that he believes Hillary Clinton will likely get away with her use of a private email server while she was secretary of state, but said that as president, it’s only fair that he’d look to prosecute Clinton.

Fox News’ Sean Hannity asked Trump in front of a live Nevada audience if his attorney general would go after Clinton should an investigation find she broke the law while serving in the Obama administration.

“You have no choice,” Trump replied. “In fairness, you have to look into that.”

“She seems to be guilty,” he said. “But you know what, I wouldn’t even say that.”

“But certainly, it has to be looked at,” Trump added. “If a Republican wins, if I’m winning, certainly you will look at that as being fair to anyone else. So unfair to the people that have been prosecuted over the years for doing much less than she did.”

Comment by The Central Scrutinizer
2016-02-23 10:43:32

And he’ll give you a free pony too!

Your gullibility is spectacular to behold, and the denial that follows will be equally so.

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Comment by phony scandals
2016-02-23 12:40:15

“And he’ll give you a free pony too!”

I’m pretty sure Poland is the only country that hands out free ponies.

I could be wrong, but I don’t even think Barney Sanders says it’s a right to have a pony.

Seinfeld - I Had A Pony - YouTube
http://www.youtube.com/watch?v=fXy0tZ5eCG4 - 304k -

Comment by In Colorado
2016-02-23 13:24:47

And he’ll give you a free pony too!

Yeah, but you’ll have to clean up after it!

Comment by Blue Skye
2016-02-23 14:53:43

Didn’t everybody get a free pony when Obama got elected? One that shoots rainbows out its arse?

Comment by CalifoH20
2016-02-23 15:47:50

free ponies are out there, but first you need to get good grades, work hard and be successful.

the gov is not here to get you a job.

Comment by X=GSfixr
2016-02-23 08:06:08

Found on Amazon:

“GI Joe WWII U.S. Navy Admiral (Caucasian Version)”.

Exhibit “A” for “this s##t is getting totally out of hand”…..

Put in your orders now for:

“GI Joe WWII US Navy (Transgender African-American Version)

Comment by The Selfish Hoarder
2016-02-23 09:02:41

Ron Paul “I don’t like the use of force. I like voluntaryism.”

People I’ve discussed this with on HBB ” i like hiring murderers, thieves, and kidnappers.”


Comment by MightyMike
2016-02-23 09:41:29

He says that Congress is dictatorial, which doesn’t make sense.

Comment by Donald Trump
2016-02-23 09:12:33

Our leaders are stupid; our politicians are stupid, and the Mexican government is much sharper, much more cunning. So they send the bad ones over because they don’t want to pay for them, they don’t want to take care of them.

Comment by Pineapple
2016-02-23 09:18:42

Cuba too.

Comment by Pineapple
2016-02-23 09:21:33

From Wikipedia …

“The Mariel boatlift was a mass emigration of Cubans, who departed from Cuba’s Mariel Harbor for the United States between April 15 and October 31, 1980. The event was precipitated by a sharp downturn in the Cuban economy, which led to internal tensions on the island and a bid by approximately 10,000 Cubans to gain asylum in the Peruvian embassy.

“The Cuban government subsequently announced that anyone who wanted to leave could do so, and an exodus by boat started shortly afterward. The exodus was organized by Cuban-Americans with the agreement of Cuban president Fidel Castro. The exodus started to have negative political implications for U.S. president Jimmy Carter when it was discovered that a number of the refugees had been released from Cuban jails and mental health facilities. The Mariel boatlift was ended by mutual agreement between the two governments involved, in late October 1980. By that point, as many as 125,000 Cubans had made the journey to Florida.”

Comment by Pineapple
2016-02-23 09:23:44

My favorite part …

“… it was discovered that a number of the refugees had been released from Cuban jails and mental health facilities.”

Cuba loss was Florida’s gain.

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Comment by palmetto
2016-02-23 09:47:45

Hollywood’s pain. We got Al Pacino as Scarface. We had a ball down in South Florida imitating his faux Cuban accent.

“I just want wha’s comin’ to me”. “Those fawkin’ Colombians”.

Comment by The Selfish Hoarder
2016-02-23 09:34:14

All leaders are stupid.

There. Fixed.

Comment by Mr. Banker
2016-02-23 09:42:08

“All leaders are stupid.”

All “leaders” are puppets - puppets of the shotcallers.

Comment by Raymond K Hessel
2016-02-23 18:25:03

Leaders are a reflection of the electorate. When 95% of your electorate are retards, you’re not going to end up with statesmen in the White House.

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Comment by Mafia Blocks
2016-02-23 09:21:56

“Oil Slumps Below $32 After Saudi Oil Minister Warns ‘Can Coexist With $20 Oil’”


Remember…. production costs for crude are well below $10/barrel.

Comment by Mafia Blocks
2016-02-23 09:51:44

Feel the rage…….. CraterRage


Comment by X-GSfixr
2016-02-23 10:19:17

Can US airstrikes on ISIS payrolls be considered part of the Feds “War on Cash”?

Comment by phony scandals
2016-02-23 10:36:49

Top of the crater to ya

Comment by Mafia Blocks
2016-02-23 10:39:35

And crater to you.

Comment by Goon
2016-02-23 10:58:02

Our betters sure are fired up today.

Trying to hit their end of the month quota of posts per hour, perhaps? The SPLC troll farm team leads will review the end of month stats next Tuesday, and the betterest better on each team wins a $50 gift card to their choice of Bed, Bath & Beyond or Outback Steakhouse.

Comment by In Colorado
2016-02-23 11:35:25

All kidding aside, why would the SPLC give a rat’s tail about this blog?

Comment by Mafia Blocks
2016-02-23 11:37:31

For the same reason you do.

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Comment by In Colorado
2016-02-23 13:23:30

You mean they have a sense of humor?

Comment by Mafia Blocks
2016-02-23 15:00:04

Your snobbery is showing.

Months ago you told us all you filtered by posts with JT. What happened?

Comment by Goon
2016-02-23 13:10:11

Because any denial of the cultural relativist narrative is a direct threat to the globalist agenda.

BTW Rockstar, I see you’ve been using my material on that other website. One which is most certainly on the SPLC’s list of thought criminals.

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Comment by In Colorado
2016-02-23 13:22:23

Because any denial of the cultural relativist narrative is a direct threat to the globalist agenda.

I get it, it’s a joke and you’re just trying to ridicule the liberal posters here, and it was funny at first. But it gets a little stale after a while.

Comment by Oddfellow
2016-02-23 20:18:42

. But it gets a little stale after a while.

A repeating robot repeats. It’s what they do.

It’s easier than thinking.

Comment by Professor Bear
2016-02-23 21:49:28


Comment by phony scandals
2016-02-23 10:40:05

Bernie Sanders is a Socialist.

Comment by Mafia Blocks
2016-02-23 10:42:01

Barney Sanders is a socialist by definition.

Comment by Blue Skye
2016-02-23 14:57:38

There’s that and also that Bernie Sanders is a socialist.

Comment by Raymond K Hessel
2016-02-23 18:37:34

Here’s what socialism looks like when you run out of other people’s money and the productive stop producing rather than see the fruits of their labor taken by force by the parasites.


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Comment by Blue Skye
2016-02-23 20:10:17

I’ve read several places and heard on NPR this evening that they hardly manufacture anything in Venezuela these days. Even farmers can’t get what they need and have to sell at government dictated prices. This after much of their land was confiscated. It is not likely to be a picnic down there. 200% inflation and worse to come!

Comment by The Selfish Hoarder
2016-02-23 22:09:54

All of the Republican candidates and Hillay Clnton are also socialists.

Comment by phony scandals
2016-02-23 11:19:29

2 days ago … “Obama the Grave Digger” Ben Garrison cartoon.


Comment by In Colorado
2016-02-23 13:18:59

I heard a story on the radio this morning. A Russian anti-smoking poster tells smokers that cigs kill even more people than Obama does.

Comment by The Central Scrutinizer
2016-02-23 13:29:48

Those are amazing… they verge on parody! Reminds me of “Political Cartoon” on Theonion.

Comment by Donald Trump
2016-02-23 11:21:05

I am growing the Republican Party tremendously - just look at the numbers, way up. Democrats numbers are significantly down from years past.

Comment by palmetto
2016-02-23 11:31:21

Wow, Red Ears Rubio. I don’t know if that’s an unfortunate lighting job, but this guy’s ears on on fire. Never noticed how big those ears are, too, but I don’t pay much attention to him.


Kind of funny, I think the name Rubio means red, too.

Comment by In Colorado
2016-02-23 11:34:09

Actually, it means “blond”

Comment by palmetto
2016-02-23 12:14:35

Thanks, Colorado. I thought the “rubi” was a root meaning red.

Comment by Goon
2016-02-23 13:14:58

Rubio means red, as in the color of Rachel Corrie’s blood when they scraped her mangled carcass from the (American taxpayer purchased) Caterpillar bulldozer that the IDF ran her over with.

Neocons gonna neocon.

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Comment by palmetto
2016-02-23 12:22:30


[Middle English, from Old French rubi, from Medieval Latin rubīnus (lapis), red (stone), ruby, from Latin rubeus, red; see reudh- in Indo-European roots.]

That’s where I got my info from. Latin: rubeus, red.

Comment by palmetto
2016-02-23 14:43:48

Wish I had that head-slap icon. Colorado was givin’ me the business. I was a little slow on the uptake.

Ok, ‘rado, that was a good one. Ya got me.

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Comment by Blue Skye
2016-02-23 15:00:26

Nah, he speaks Spanish. Rubio is Spanish for blond.

Comment by In Colorado
2016-02-23 15:47:42

Mexicans will sometimes use the word “güero” (gweh-roh) to describe blond people, bu the proper Spanish word is “rubio”

There is a Mexican beer called “Superior” and its slogan is “La rubia que todos quieren” (The blond everyone wants)

Comment by Jim A.
2016-02-23 13:34:33

Every once in a while, I go and re-read some of the old comment threads and I ran across this:

Tanta wrote on Thu, 4/3/2008 - 7:29 am

Marilyn O’Connor is kind of how I picture Tanta.

Boy are you going to be surprised someday when my obituary picture turns up in the paper.

Now I has a sad.

Comment by CalifoH20
2016-02-23 14:49:38

How much more liberal can Trump get?

Comment by CawCawCaw
2016-02-23 22:14:10

Liberal enough to win again!

Comment by Falling Housing Prices
2016-02-23 15:35:46

“falling housing prices”

Comment by CalifoH20
2016-02-23 15:43:28

more gov and more jails.

Cruz and Rubio want to fill up Guantanamo and make it bigger.


neo-cons…. uhg!!

Comment by Donald Trump
2016-02-23 16:12:32

Club for Growth is the group that came to my office seeking $1 million dollars. I told them no and now they are doing negative ads.

Comment by Professor Bear
2016-02-23 23:34:19

Your posts are not only annoying, but they are also fraudulent.

Comment by phony scandals
2016-02-23 20:53:01

What a crew

Obama Cracks Scalia Death Joke - YouTube
http://www.youtube.com/watch?v=DRutwOF0T48 - 214k - Cached - Similar pages
1 day ago …

Comment by Professor Bear
2016-02-23 21:53:32

What share of Americans are near financial ruin? Could the number be as high as one in four?

Comment by Professor Bear
2016-02-23 21:55:56

MarketWatch dot com
1 in 4 Americans on verge of financial ruin
By Catey Hill
Published: Feb 23, 2016 5:31 a.m. ET

The rich keep getting richer. The rest of us aren’t so lucky.

According to a survey released Tuesday by Bankrate.com of more than 1,000 adults, nearly one in four Americans have credit card debt that exceeds their emergency fund or savings. And that’s partially because many people, in addition to their debt, don’t have a dime in their emergency fund at all: another Bankrate survey released earlier this year found that 29% of Americans have no emergency savings at all.

These numbers mean that many Americans are “teetering on the edge of financial disaster,” says Greg McBride, Bankrate.com’s chief financial analyst — thanks to the fact that they might be hard-pressed to pay for an emergency should one arise. “Not only do most of them not have enough savings, they’ve all used up some portion of their available credit — they are running out of options.”

That’s particularly problematic considering that emergencies happen more often than you might think. A 2014 survey by American Express found that half of all Americans had experienced an unforeseen expense in the past year — some of which could be considered an emergency. Indeed, 44% of those who had an unforeseen expense(s) had one for health care and 46% for car trouble — two items that for many Americans are must-pay items, as you need a car to get to work and your health expenses are usually not optional.

Some groups — for example, the 30 to 49 age group — are in worse off than others when it comes to credit card debt and savings. This group is in particularly rough shape, likely it faces child-related and mortgage expenses.

Comment by CawCawCaw
2016-02-23 22:05:19

Caw Caw Caw

Trump wins Nevada!

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