Bits Bucket for March 6, 2016
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The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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I’m back in the middle and calm again. Weds night through Sat morning was a bit of a ride.
At this point it hinges on the sewer. If I can get a few years with root foam + another 5-10 years with a liner, I’ll buy.
I’m not interested in cutting through slab until my kids are grown.
Why buy now at a massively inflated price what you you can buy later for 65% less?
Honey, Suzanne researched this!
1. Because my kids will only be young once
2. There is more to life than money
3. IDGAF
4. Rentals offer less and cost more
5. It’s very close to my kids schools
6. It’s safe
7. Kids can play outside all over the place
8. The beach is two blocks away
9. We have multiple public parks
10. Nice restaurants
11. We have a backyard
12. The temps are moderated (higher lows, and lower highs)
13. The owners have retired and want to sell
14. It’s a private deal without a realtor
15. We know every good/bad thing about the structure
16. It’s the perfect house to retire in
17. It’s in a region with lots of employment, nice airport, plenty of activities, great weather
18. My wife and I have good jobs with health care and retirement contribution, and stability
19. Our commutes are reasonable
20. Many public amenities are walkable (fishing pier, tennis courts, kayak launch, basketball courts, fitness trail, boardwalk, etc.).
“Rentals offer less and cost more”
Will this remain true after the Echo Bubble pops?
Must be no hurricane risk where you live, as it is missing from the list. In fact, it seems like you omitted any possible drawbacks to owning. Maybe Suzanne really did research this!
Do you realize how unbeleivably blessed/spoiled you are for that list to show your situation? Good jobs and reasonable commutes and still able to own a house? Very large segments of California and other areas with awful awful traffic will never know about a reasonable commute to their job.
Here are all of the risks of my situation:
1. I could be non-renewed from my job every year
2.The house is at four foot elevation and could be easily wiped off the face of the Earth even in a minor hurricane
3. Our streets floods all of the time
4. Florida is full of sex offenders
5. There are bugs and rats and snakes everywhere
6. The house is old
7. The sewer line under slab may need replacing soon
8. A stranger could decide to kick me in the nuts
9. We are near a massive road that people regulary get hit and killed crossing
10. Our area is full of snowbirds who 50/50 are disrespectful to locals
11. Homeowners insurance costs 2500, flood 2300
12. Oil spills could damage the beach
13. This house costs twice as much as a home in a great neighborhood in my home area of Rochester NY
14. We’re near or slightly past peak #2
15. My wife could die. I could die.
“15. My wife could die. I could die.”
Got life insurance?
16. My neighbor mows/waters his lawn in a thong and penny loafers
“Got life insurance?”
Yes, we have an one optional and one free plan through our employer. I am insured $250k and my wife at $100k, respectively.
If I die, my wife could pay off the house with one check.
Don’t worry about 15. The kids are gonna be alright, so long as one of you survives home ownership and you have sufficient financial resources.
1. I could be non-renewed from my job every year
Rent instead.
2.The house is at four foot elevation and could be easily wiped off the face of the Earth even in a minor hurricane
Rent instead.
3. Our streets floods all of the time
Rent instead.
4. Florida is full of sex offenders
Move.
5. There are bugs and rats and snakes everywhere
Move.
6. The house is old
Rent instead.
7. The sewer line under slab may need replacing soon
Rent instead.
8. A stranger could decide to kick me in the nuts
Which is the case most anywhere.
9. We are near a massive road that people regulary get hit and killed crossing
Move.
10. Our area is full of snowbirds who 50/50 are disrespectful to locals
Kick them in the nuts.
11. Homeowners insurance costs 2500, flood 2300
Rent instead.
12. Oil spills could damage the beach
Rent instead.
13. This house costs twice as much as a home in a great neighborhood in my home area of Rochester NY
Rent instead.
14. We’re near or slightly past peak #2
Rent instead.
15. My wife could die. I could die.
That’s guaranteed to happen.
What, no gators?
“What, no gators?”
Not on barrier islands
You crack me up, Combo. As always, thank you for your “input.” I didn’t want to say “wisdom.” Its sounds ageist.
Forward.
Comment by Combotechie
2016-03-06 07:34:15
Rent instead.
+1000
Swamp fever?
“Do you realize how unbeleivably blessed/spoiled you are for that list to show your situation?”
Yes, I am thankful for all of these things, which is why I am moving forward with the owner…
“Must be no hurricane risk where you live,”
You get a good weeks notice for an approaching hurricane, how much notice do you get for an F5 tornado?
List of F5 and EF5 tornadoes
From Wikipedia, the free encyclopedia
The Chandler, Minnesota F5 tornado of June 16, 1992
Among the most violent known meteorological events are tornadoes. Each year, more than 2,000 tornadoes occur worldwide, with the vast majority occurring in the United States and Europe.[1][2] In order to assess the intensity of these events, meteorologist Ted Fujita devised a method to estimate maximum winds within the storm based on damage caused; this became known as the Fujita scale. At the top end of the scale, which ranks from 0 to 5, are F5 tornadoes. These storms were estimated to have had winds in excess of 261 mph (420 km/h).[3][nb 1] Following two particularly devastating tornadoes in 1997 and 1999, engineers questioned the reliability of the scale. Ultimately, a new scale was devised that took into account 28 different damage indicators; this became known as the Enhanced Fujita scale.[4] With building designs taken more into account, winds in an EF5 tornado were estimated to be in excess of 200 mph (320 km/h).[5]
Since 1950, there have been 59 officially rated F5 and EF5 tornadoes in the United States and 1 F5 in Canada
“13. This house costs twice as much as a home in a great neighborhood in my home area of Rochester NY”
How high taxes and regulation are killing one of the most prosperous states in the nation
Moneywise
William Tucker, American Media Institute
Friday, April 10, 2015
Upstate New York is becoming Detroit with grass.
Upstate New York, the portion that lies beyond the New York metropolitan area, has become “The Land That Time Forgot,” a broad swath of depressed cities and low-profit farmlands that stretches from Newburgh and Poughkeepsie in the Hudson Valley through the old manufacturing centers of Schenectady and Troy, across the Allegheny Plateau to Syracuse, Rochester and Buffalo, all the way west to Jamestown, the city with the lowest percentage of college graduates in America.
For more than half a century, this huge region — once the nation’s breadbasket and a manufacturing capital — has been losing jobs, dollars and people. “It all began in 1959 when the interstate highway system was completed,” says Carl Schramm, professor of innovation and entrepreneurship at Syracuse University. “That was also the year commercial jets went into service and half the homes in Florida were air-conditioned.”
Weather was certainly a contributing factor. Of the country’s 12 medium- and large-sized cities with the heaviest annual snowfall, nine are in upstate New York, with Syracuse on top of the list at 115 inches. Not for nothing is the 363-mile long corridor of the old Erie Canal called the “Snow Belt.”
But other states — New Hampshire, Minnesota, North and South Dakota, Colorado — have similar weather and have not seen mass evacuation. The difference is that upstate New York is tethered to New York City, whose residents overwhelmingly support higher taxes, stricter regulation and bigger spending than the national averages. Those policies are blamed for upstate’s economic woes by many in the region.
“Basically what you’ve got in New York is a state tax code and regulatory regimen written for New York City,” says Joseph Henchman, vice president for state projects at the Tax Foundation in Washington. “Legislators say, `Look, New York is a center of world commerce. Businesses have to be here. It doesn’t matter how high we tax them.’ I hear that a lot. But when you apply that same logic to upstate, the impact is devastating.”
The exodus
The lives of Bill and Janet Sauter, brother and sister, sum up the sad story of upstate New York. They grew up in the Long Island suburbs. He went to Clarkson College in Potsdam, N.Y., near the Canadian border, studied software and enjoyed a highly successful career in Texas’ oil industry.
Janet went upstate too, marrying a minister and settling in rural East Chatham, 30 miles south of Albany. In 1999, she and her husband wanted to move to Texas to be closer to their daughter. But they couldn’t sell their home. Months passed without a single inquiry. For Janet, there was no escape from New York. Her neighbors had similar experiences, she said.
Bill is now retired and living in Steamboat Springs, Colo., where he skis at every opportunity — while Janet and her husband Bob are trying to eke out a living in what has become one of the poorest regions in the country. “There just isn’t much work around here,” says Janet, who supplements her husband’s income by working all night in a home for the elderly. “I’m lucky to have this job.”
Industry has fled upstate New York. “In 1988, Kodak employed 62,000 people in Rochester,” says Sandra Parker, president of the Rochester Business Alliance. “Today it employs 4,000. Xerox has moved most of its people out while Bausch & Lomb, which was founded in Rochester in 1858, has left entirely.”
As a result, Rochester is now the fifth poorest city in the country, with 31 percent of the population living in poverty. Buffalo is right behind at No. 6 (30 percent).
Gov goons in ny used to get 100% pensions. = bk
Industry has fled upstate New York. “In 1988, Kodak employed 62,000 people in Rochester,” says Sandra Parker, president of the Rochester Business Alliance. “Today it employs 4,000. Xerox has moved most of its people out while Bausch & Lomb, which was founded in Rochester in 1858, has left entirely.”
Of course, there’s no evidence provided to explain how taxes and regulations caused Bausch & Lomb to leave Rochester or the caused the other two companies to reduce employment. And these articles never discuss specific regulations, just regulations in general.
16. My neighbor mows/waters his lawn in a thong and penny loafers
That’s much of a negative for him than for you. You never know what might be in a lawn.
When I mow, I wear SAFETY GOGGLES for god’s sake. No one has made fun of me yet, but I sincerely hope they do. I relish the opportunity to pull them aside and give them a lecture on safety.
Hey donk…
“When I mow,…”
Do you enjoy doing yard work, including mowing the lawn?
If no, then consider renting, and letting your landlord fork out the cash for lawn care service.
I don’t enjoy the thought of a rent hike when I’m 70.
Owners can hire lawn care service too.
Donk you’ll be paying rent to the old folks home.
Did you imagine that expense wasn’t there along with all the other expenses?
FWIW Kodak collapsed because it dismissed digital… whoops.
FWIW, my friend’s dad, a retired nuclear chemist, worked on color specs for JPEG. One time over dinner he explained to me why he believed GIF was inferior. I understand about 5% of what he was saying. Rochester was full of these types until the early 90’s when the exodus really kicked in.
B&L was sold. End of story
“My neighbor mows/waters his lawn in a thong and penny loafers”
Him or her?
Ask Lola.
All those requirements are met in a rental……. at half the monthly cost.
Great news! Do you have any links for me for Pinellas County?
“Great news! Do you have any links for me for Pinellas County?”
Do you mind living in a van down by the river?
Show the math my friend.
“Show the math my friend.”
By all means, show us your math. Come up with a single example in Pinellas County, FL.
Let’s have Muggy and Palmetto opine on the quality of the comparables you provide.
Please - show us your math.
Prove that renting is more costly or equal to the cost of buying with math.
Go.
I ran my numbers for Phony over the phone.
Ol’ Barbara is PS? Good to know.
Thanks for all of the 3/2 beach community listings for less than $2,200/mo.
Oh… wait.. there are 0.
You ome looking for permission and acceptance. It is your funeral.
If u move out of the flood zone and away from the beach isn’t the cost much lower?
Yes, about 500/mo. cheaper.
We are willing to pay a premium to live in a beach community.
Honest math or Donkey Math?
Another angle on the sewer lateral is that by the time you sell local government may require a remote video inspection and if it fails the sale will not go through until repairs are made, happened to me and it cost $5000 to fix…this requirement is becoming common on the west coast at least. When I’d bought 10 years earlier this had not been the case and I didn’t know the line was root ridden though not surprising on a 60 YO house. Got by with a yearly visit from Roto Rooter while I lived there and FWIW when repairs were made the contractor was willing to be paid out of escrow when the sale closed so I did not have to pay the $5K upfront.
Homeowner’s Insurance $2,500, Flood $2,300? $4,700 total? Is that right?
In Jupiter Florida I am at $2,100 a year all in.
4,700 total, correct
Being within 5 miles of coast raises rates, and we live in a special hazard flood zone FEMA AE
“The Lure Of Socialism”
http://www.zerohedge.com/news/2016-03-04/lure-socialism
Do not worry, the decision has been made and it is final …
China say economy will “absolutely not” experience a hard landing.
http://www.reuters.com/article/us-china-parliament-economy-idUSKCN0W801D?feedType=RSS&feedName=businessNews
I had no idea hard landings could be abolished by dictatorial decree.
how long can the authority keep stock and home prices artificially high?
Should I overpay for a house to keep someone out of foreclosure?
Yes that’s your duty as an American
citizen consumer.It’s your duty as a ‘Murican. Always remember you are a consumer first, a citizen last, and a sheep to be sheared most of all.
There, fixed it for you.
“I had no idea hard landings could be abolished by dictatorial decree.”
Those Chinese central bankers must have a good flare. Hehe.
Has anybody compiled a Trump attack victim list?
Finally Cruz is getting some traction. A real conservative that will crush Hillary.
Turd And Hitlery. A losing combo to crush america.
Finally Cruz is getting some traction. A real conservative that will crush Hillary.
You mean a Goldman Sachs puppet masquerading as a conservate until he gets into office, when he will govern as Obama 2.0, just as another Goldman puppet, Obama, masqueraded as a progressive while campaigning but once in office became Bush Lite and a faithful water carrier for his Wall Street masters.
Is there at least some chance a brokered Republican convention would anoint Cruz with the nomination, even though Trump has trounced him in the primaries?
I am thinking that the Republican leadership will manipulate the convention rules and institute a Kasich/Rubio ticket (or Rubio/Kasich).
It seems like that may be the only hope for the Republicans to win in November. I don’t believe the national electorate would go for either Trump or Cruz.
He is the only real conservative in the race which is why I am all in for him especially after yesterday proves he can beat Trump.
Yeah he beat in caucuses where he can bus his bible thumping crazies. In open primaries, not so much.
Also there’s no such a thing as a real conservative. All lies.
Cruz is a fraud and a charlatan, and his supporters are glassy-eyed, slack-jawed dolts.
By contrast. Trump supporters are name-calling bullies.
I’d rather be called names and be honestly employed, than to fall for honey-tongued “Christian” platitudes only watch my job and wage swirl into the toilet, making me dependent on that same honey tongued Christianity in order to eat.
“I’d rather be called names and be honestly employed, than to fall for honey-tongued “Christian” platitudes only watch my job and wage swirl into the toilet,…”
Are you assuming Ted Cruz would get rid of your job if he gets in the WH?
…and that Trump wouldn’t?
I wasn’t referring to myself.
It is a tyrant’s prerogative to attack anyone who displeases him in any way.
A tyrant demands a Nazi salute of allegiance
http://www.politicususa.com/2016/03/05/donald-trump-puts-feather-fascism-supporters-raise-hand.html
Yep Trump is a fascist….
How Fiduciary Rule May Censor Financial Broadcasters Like Dave Ramsey
Fudiciary Rule would also cause oligarcy carnival barkers like Jim “Jo-Jo the Clown” Cramer from serving as shills and touts to lure unsuspecting retail “investors” into Wall Street’s rigged casino so Da Boyz can off-load their stinkers onto them before exiting the pump & dump.
http://www.zerohedge.com/news/2016-03-06/end-cnbc-we-know-it
“Yep Trump is a fascist….”
So you are openly admitting now that you support fascism?
I’m not surprised, though I think it is sad to see so many Americans heading down that well-travelled road to perdition.
More than sad. But I will plug all fascists, communists, and socialists with lead if they burst through my door.
It is a tyrant’s prerogative to attack anyone who displeases him in any way.
Your obsession with Trump seems excessive and unhealthy, PB. Maybe you should seek out a qualified mental health professional to get that evaluated and treated.
It’s a patriotic duty to call attention to tyranny while it is still in the cradle.
And go silent on tyranny/tyrant you support.
“…tyranny/tyrant you support…”
I don’t support tyranny. That’s your job.
I don’t support tyranny. That’s your job.
Just the fact alone that you vote and I don’t should be enough to give you an idea who actually supports tyranny. I guess since you are so terrified by Trump’s hitleresque rise, I can’t count on you to have any rational thought atm.
“Just the fact alone that you vote and I don’t should be enough to give you an idea who actually supports tyranny.”
You don’t know whether, when or for whom I vote. Why do you always fantasize that you know stuff like that about others? It’s truly bizarre.
World U.K.
Donald Trump Named Islamophobe of the Year by Muslim Group
Tara John
March 5, 2016
Presidential candidates Donald Trump pauses during the CNBC Republican Presidential Debate at University of Colorados Coors Events Center Oct. 28, 2015 in Boulder, Colorado.
British advocacy group cites “arrogant, unapologetic bigotry and hate speech”
This is one win Donald Trump may not be crowing about.
A Muslim group in the U.K. named the Republican frontrunner the world’s worst Islamophobe on Saturday for his call to ban Muslims from entering the U.S.
His victory was announced during the ‘Islamophobia Awards’ in London, a satirical event held by the advocacy group Islamic Human Rights Organization (IHRC).
“It is bad enough that anyone can come out with such arrogant, unapologetic bigotry and hate speech but I think what is really frightening is that Donald Trump is supported by such a large number of voters in what is the most powerful nation in the world” IHRC’s Chairman Massoud Shadjareh said in an e-mail.
…
That should be good for an uptick in his overall approval rating.
‘Israeli forces have demolished dozens of structures, including a school, in the northern West Bank this week, leaving 10 families homeless, according to a new United Nations report. In as statement issued on Friday, the UN Coordinator for Humanitarian Assistance and Development Aid said the demolitions took place on Wednesday in the village of Khirbet Tana, south of Nablus in the northern West Bank.’
‘In total, 41 buildings were destroyed, displacing 36 Palestinians, including 11 children, the UN said. “These are some of the highest levels of demolition and displacement recorded in a similar timeframe since 2009,” the statement said.’
READ MORE: House demolitions and Israel’s ‘court sanctioned revenge”
http://www.aljazeera.com/news/2016/03/israel-demolishes-dozens-palestinian-homes-bank-160304134304570.html
Now here’s some hate for ya’:
‘These days, however, out on the campaign trail, Mrs. Clinton is not quite so eager to take ownership of what can only be characterized as an unmitigated disaster, a case history dramatizing the perils of “liberal” interventionism from inception to bloody denouement.’
‘Mrs. Clinton was easily won over by the Libyan rebels who presented a utopian view of what the post-revolutionary era would look like: there would be free elections, a free media, women would be able to “do it all,” and everyone would get a pony. They “’said all the right things about supporting democracy and inclusivity and building Libyan institutions, providing some hope that we might be able to pull this off,’ said Philip H. Gordon, one of her assistant secretaries. ‘They gave us what we wanted to hear. And you do want to believe.’”
‘Confirmation bias in a writer or reporter is fatal, but only to his/her own career: in a Secretary of State it is a death sentence for thousands. And that’s exactly how it turned out in Hillary’s case.’
http://original.antiwar.com/justin/2016/03/03/libya-how-hillary-clinton-destroyed-a-country/
Men with Low Self-Esteem Are More Likely to Attack Women Online
By Katie Paris
March 4, 2016
Another day, another Trump retweet that attacks a woman. It’s not news. It’s no longer surprising to hear him attack women online. But according to social science, it does show his deep-seated insecurity.
…
What would social scientists say about your unhealthy and obsessive fixation on Trump?
What would mental health professionals say about your obsession with discounting every factual post about Trump that points out his hate speech?
factual post
Only in a kookoo land, an opinion would be considered factual. Starting to feel sorry for you.
I doubt if I respond to one in a hundred of your serial anti-Trump cut-and-pastes. I don’t have the time or inclination.
Men with Low Self-Esteem Are More Likely to Attack Women Online
You are attacking Jane constantly these days. Is that a cry for help?
Your Jane persona posts far more seldom than the other ten do, and “she” attacks me faithfully every time. In fact, I can’t recall “her”, or your other personas, ever posting anything besides a personal attack.
Mar 2, 2016 @ 04:55 PM
Two Prominent Mexicans Call For Debunking Trump’s “Myths” And “Demagoguery”
Dolia Estevez
Contributor
I cover Mexico’s billionaires, politics and U.S.-Mexico relations
In Mexico and within the U.S. Mexican immigrant community, even before his recent electoral successes, billionaire real estate magnate Donald Trump’s rhetoric provoked anxiety and controversy. It started with his negative remarks in June 2015 when he called Mexican immigrants “rapist and drug dealers,” continued with his call to build a wall between Mexico and the U.S., and followed with his plan to deport more than 11 million illegal immigrants-5 million of whom are Mexicans-from the U.S.
Now, after big wins on Super Tuesday, which come on the heels of three previous victories, Trump’s abrasive, longshot campaign for the Republican nomination for president is looking less unrealistic.
…
Maybe these Mexican billionaires could work on fixing their own corrupt political class before they worry about ours.
Donald Trump Mocks Marco Rubio’s Height: ‘This Little Guy Is A Liar’
Thu, March 3, 2016
10:11pm EST by Emy LaCroix
Donald Trump Little Marco Rubio
Image Courtesy of FOX
Oh my god, Donald Trump is such a bully! When he was asked a question about the economy at the Republican debate on Mar. 3, he deflected by calling Marco Rubio ‘little guy’. Luckily, Marco set him straight! Here’s what went down.
…
Rubio is toast.
You’re starting to sound like a middle-school girl on her Facebook page with all the drama and hysterics.
I just posted a bunch of articles from diverse news sources to provide fodder for discussion. If that seems to you like “drama and histerics”, then you are certainly entitled to your opinions.
Oh my god, Donald Trump is such a bully!
Spoken like a melodramatic schoolgirl.
Sammy, the world is in awe of you and your Dear Leader’s virility.
‘Mitt, drop to your knees!’: Trump’s locker-room banter is simple homophobia
John Paul Brammer
Emasculation has long been Trump’s preferred method of humiliating his opponents – most recently Mitt Romney. At its root is an anti-gay mindset
Mitt Romney gives a speech on the state of the Republican party at the University of Utah on March 3, 2016.
Photograph: George Frey/Getty Images
Thursday 3 March 2016 18.06 EST
…
Trump’s got you dropping to your knees here with every post.
Not a sign of mental stability for sure.
Talking to yourself again I see…
I think we’re getting to the root of PB’s rage against Trump. His latent man-crush is unrequited, so much like a woman scorned, he has made it his mission in life to rail against Trump at every opportunity. Obsessive is what obsessive does.
Trumplings constantly try to belittle and imasculate anyone who doesn’t worship their Dear Leader. It’s what middle-school educators refer to as “bullying behavior.”
It also reflects a complete absence from their minds of anything to say in favor of Trump’s fascist tendencies.
Trump denounces David Duke, KKK
By Eugene Scott, CNN
Updated 10:10 AM ET, Thu March 3, 2016
…
Trump is going to reverse his stance on protectionism when his thousands of fools will break out of their hallucinations as the truth comes out.
http://www.patheos.com/blogs/dispatches/2015/07/03/trump-clothing-line-made-in-china-and-mexico/
This is what I think too. Trump is not really against illegal immigration, which is why I’m for the only real conservative in the race.
Ted Cruz is a Goldman Sachs Trojan Horse, as was Obama.
Neither is Cruz. The country needs future debt owners and stupid people to send to endless wars.
Cruz is massively against illegal immigration. He was there with Sessions to stop the last round of Shamnesty pushed by little Marco and his Gang of 8.
The real Ted Cruz on immigration.
https://www.youtube.com/watch?v=jDnuWLuAbCw
“I am really good at killing people”
– Obama, 2009 Nobel Peace Prize winner
This is so funny, though it may end up seeming tragic through the lens of the rear view mirror:
“Yes sir, thank you sir, may I please have another.”
Sammy, be sure to watch this!
Say it ain’t so …
Faith in central bank’s healing powers is faltering
http://www.reuters.com/article/us-bis-centralbanks-idUSKCN0W80E0?feedType=RSS&feedName=businessNews
“I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson
Questionable Quotes Thomas Jefferson
Bank Shot
Claim: Thomas Jefferson said that “banks and corporations will deprive the people of all property.”
FALSE
Example: [Collected via e-mail, October 2008]
I received this quote in an email and am trying to find out if is truly a quote by Thomas Jefferson:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.”
…
“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison
“It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford, founder of the Ford Motor Company.
Basically creating bank credit out of thin air based on reserves and loaning into to folks and collecting interest?
No wonder the tallest and nicest buildings in every downtown are banks. Tough life.
As Nicolas Trist – secretary to President Andrew Jackson – said about the incredibly powerful privately owned Second Bank of the United States, “Independently of its misdeeds, the merepower, — the bare existence of such a power, — is a thing irreconcilable with the nature and spirit of our institutions.” (Schlesinger, The Age of Jackson, p.102)
The dog is back. And she walked up there on her own:
http://imgur.com/mHmq5YG
Region VIII
I need to get me one of those mountain puppies…
That “puppy” is 6 years old. And she probably gets more exercise in a week than most people do in a year. Directly attributable to her humanoid owner’s lack of mortgage debt, obviously.
There is more to life than saving money
Wow. That’s beautiful. But how does the dog get down?
My Sunday morning argument …
If a speculative market is a market that is driven by increases in values as denoted by increases in prices (as compared to increases in fundamentals) then it is not possible to have a soft landing if the market turns south because:
1. The desire for potential sellers to hold back on their selling while they await higher prices will vaporize and as a result these potential sellers will suddenly become active sellers and they will all at once flood the market with inventory, and …
2. The desire of potential buyers to “buy now or be priced out forever” will vaporize as the upward price trend vaporizes and these people will all at once withdraw from becoming potential buyers and instead will become market observers as they stand aside to wait to see what happens next.
The combination of 1 and 2 - lots of sellers and very few buyers - will serve to strengthen the downtrend, the downtrend in prices, the very same prices that were rising, the very same prices that are interpreted as being values.
“…then it is not possible to have a soft landing if the market turns south…”
Related question:
Is it possible to have a bolt of lightning split the air without a thunder clap to soon follow?
Have u guys noticed the central bank noise has really quieted down since the massive short covering rally has propelled the Dow 2000 points higher?
Every time panic has started to ensue the various central banks around the world were wheeled out to talk about more stimulus. This has happen for many years. QE and talk
“Monetary policy is 98% talk and 2% action. B. Bernake
How is this pattern broken?
You can get rich if you can figure this out.
You can get rich if you can figure this out.
Yes I pocketed some nice gains last couple of weeks.
I am going all cash soon.
BIG FED owns all the mortgages now. They will restrict supply for the next 200 years. You read it here first.
Plan accordingly.
We resist the supposedly irresistible power of the bankers to enslave us in life long debt service. It is a lonely battle, lonelier by the day. The war will end when there are only those with broken backs and those with an unbroken will to live in freedom.
….. until they can’t.
You can count on it.
Now add in 40:1 leverage…
“will all at once flood the market with inventory”
This is a questionable assumption. These houses will be abandoned and eventually, quietly, stuffed into the shadow inventory and then slowly be taken over by BIG FED, then dripped out one by one. We’ve all witnessed this in real time over the past 10 years.
Remember when officials denied even the term “shadow inventory?”
“These houses will be abandoned and eventually, quietly, stuffed into the shadow inventory and then slowly be taken over by BIG FED, then dripped out one by one. We’ve all witnessed this in real time over the past 10 years.”
This may be true but the operating word here is “eventually”, eventually in this case means well after prices have declined, prices that declined to the point whereby the homebuyers are underwater, so far underwater that they abandon the houses.
The reason for the abandonment and rescue is the price decline but this abandonment and rescue happens well after the price decline.
The price decline immediately affects demand but only eventually does it spring forth rescue attempts, rescue attempts sparked by the already declined prices.
IMO the actions of BIG FED are not designed to save the falling prices associated with the housing market, instead they are designed to save the banks who hold the mortgages that have values that are associated with the falling prices of the housing market.
The prices of the houses themselves are to be saved by redefining the term “affordable”, redefined by disassociating the term from the price and associating the term with chunks of the price - affordable chunks of the price, affordable meaning being small enough that they can be paid for one month at a time for … for decades.
If the chunks of the prices are affordable then these affordable chunks can go into supporting some very hefty prices, prices hefty enough to move the status of a home (and its mortgage) from the status of underwater to the status of above water, something that will be popular with voters (of whom most are homeowners/homebuyers) AND (amazingly!) popular with the banks.
“IMO the actions of BIG FED are not designed to save the falling prices associated with the housing market, instead they are designed to save the banks who hold the mortgages that have values that are associated with the falling prices of the housing market.”
The effect from my perspective is the same.
It’s a big club and we ain’t in it.
“It’s a big club and we ain’t in it.”
An interesting feature of this big-club-of-which-we-are-not-members in is its dues paying arrangement; The members of the big club do not pay its required dues, it’s the non-members who are the ones who pay its required dues, and they have been convinced to do this willingly.
Jeb Bush love child and Oligopoly stand-in Marco Rubio fails to gain any traction - are ‘Muricans finally waking up?
http://www.breitbart.com/big-government/2016/03/05/horse-race-livewire-6/
Those experiencing first-hand the joys of oligarch-sponsored “fundamental transformation” are finally rejecting the globalists and their establishment political stooges in favor of parties that advance national interests rather than those of the international financiers.
http://www.breitbart.com/london/2016/03/05/news-republic-slovakias-fico-wins-but-coalition-difficult-in-fragmented-vote/
Merkel and Clinton: globalist birds of a feather.
http://www.bloomberg.com/news/articles/2016-03-06/merkel-lauds-clinton-brushes-off-trump-attacks-over-refugees
Tis better to be thought a fool than to tap the keyboard and remove all doubt.
Some people take a pride in their foolishness.
You most clearly are a case in point.
Trump won what is it 2 more states last night? It was a pleasant surprise not to see your copy and pastes this morning for a change. So, have you basically resigned to the thoughts of Trump presidency or upped your medicine?
Oops spoke too soon. Copy and pastes are appearing now.
Get help, Pro.
Talking to yourself could indicate serious mental issues. Seek help immediately!
You said what I was about to say PB!
Oh, they let you out today. Don’t you have to write some code for the MIC or the NSA to enhance their freedom loving activities around the world?
That’s it, I’m adding Meltdown’s/Cankle’s/Ankle’s/Jane’s other schizo name to my joshua tree.
“Meltdown’s/Cankle’s/Ankle’s/Jane’s”
She is annoying. You have to learn to enjoy the humor in her obsessive ad hominem attacks on other posters.
Astonishing - a country where oligarchs face actual consequences for their crimes and swindles.
http://www.independent.co.uk/news/world/middle-east/iranian-billionaire-babak-zanjani-sentenced-to-death-for-corruption-a6915281.html
There are benefits to having Sharia law.
No, there are benefits to the same law being applied impartially to everyone, big or small.
When Yellen the Felon announces negative interest rates (NIRP), the next logical escalation of the Fed’s War on Savers, will the 99% finally begin to push back against central banker swindles?
http://www.caseyresearch.com/articles/weekend-edition-if-you-have-a-bank-deposit-you-will-be-charged-to-save-mone
Ann Barnhardt is a Catholic extremist right-wing lunatic, for the most part, but she nails it with her article on NIRP being the Keynesian fraudsters’ highway to hell.
http://www.barnhardt.biz/2016/02/03/personal-update-negative-interest-rates-and-repelling-rapists-with-magic-powers/
Secret Trump supporters speak out.
http://www.theguardian.com/us-news/2016/mar/03/secret-donald-trump-voters-speak-out
Ordinary Americans speak out for Trump in campaign commercial
No matter where you are on the political spectrum, the SNL spoof on Trump supporters is freakin’ hilarious.
And true!
Hardly. It just shows how desperate the establishment is to discredit him.
If you watch the commercial, it shows a bunch of closeted white supremacist supporters for Trump, which seems spot on. Why do you consider this “discrediting” Trump, if it is merely descriptive?
Can a homeowners association board shut the door on garage sales?
http://www.latimes.com/business/la-fi-associations-20160306-story.html
Sunday funnies from TBP. Enjoy!
http://www.theburningplatform.com/2016/03/06/sunday-funnies-103/
As always, great stuff. Thanks, Ray K!
The hero economist who stood up against Hitler and corporate statism, while at the same time recognizing how the corruption of the political and economic marketplaces had spawned Nazism as the 95%, then as now, were servile statist-worshipers.
http://www.epictimes.com/richardebeling/2016/02/wilhelm-ropke-the-economist-who-stood-up-to-hitler/
The smart money recognizes the inevitable end game of turning over our monetary policies and money issuance to a criminal private banking cartel, and is trading in its Bernanke Bux for physical precious metals prior to Weimar 2.0.
http://www.birchgold.com/news/coin-buying-frenzy-gold-sales-quadruple?msid=94970&utm_source=Birch+Gold+Group+Market+Update&utm_campaign=22d706f1f7-market_update_email_030516&utm_medium=email&utm_term=0_f225c8b1ba-22d706f1f7-74213181&goal=0_f225c8b1ba-22d706f1f7-74213181
NOTE: As of March 2, 2016:
457 superdelegates have pledged to vote for Hillary Clinton, with 22 pledged to vote for Vermont Sen. Bernie Sanders, according to The New York Times Delegate Tracker.
Republicans don’t have superdelegates.
Which is the party of the people again?
——————-
What are superdelegates, why are they important, and how many does Hillary Clinton have?
Atlanta Journal Constitution | 03/05/2016 | Debbie Lord
While the process to nominate Democrat and Republican candidates for president are essentially the same, there is a notable difference in just who will vote at the nominating committee.
That difference comes in the form of something Democrats call a “superdelegate.” You are likely to hear the term – though an unofficial one – quite a bit in the coming months.
Here’s a quick look at what a superdelegate is and what they do.
What is a Superdelegate?
A Superdelegate is a person who is a delegate to the national nominating convention but who is not “bound” to a candidate, meaning they may vote for anyone they wish, regardless of the outcome of the popular vote in the states they represent.
Who can be a superdelegate?
In the Democratic party, superdelegates are made up of two groups – prominent current or formerly-elected Democrats (presidents, governors and all the current Democratic members of the House and Senate) and members of the Democratic National Committee.
How many are there?
There are 712 superdelegates involved in the 2016 nomination process.
so your basically saying the peoples vote is overpowered by this group of folks?
I guess not. Republican elites are kicking themselves not having a system similar to demorats.
The Republicans most certainly do have a similar system. It’s how they invalidated the Ron Paul delegates in 2012, which Ben explained in detail when it happened, because he was there.
Do any of you guys remember this video from the convention showing the words as they appeared on the speaker’s teleprompter, appearing just before the words were read out and spoken by the guy at the microphone? Yes? No?
Do you remember the words that announced the conclusion of the voting, the voting that changed the rules, that also appeared on the teleprompter BEFORE the vote was taken? Yes? No?
If “no” then click onto this video and pay close attention to what happens starting at about 2:30 or so.
https://www.youtube.com/watch?v=77W5OKStO5s
Oooops … make that about 1:50 or so. Watch the entire video but pay close attention to what happens at 1:50 or so.
Here …
https://www.youtube.com/watch?v=77W5OKStO5s
IMO two conclusion can be reached here:
1. The one calling the shots here was not the one reading words on the teleprompter, instead the one calling the shots here was the one - the unknown one - who was generating the words that were being read off of the teleprompter.
2. The one generating the words that was being read off of the teleprompter was either an extraordinarily visionary in that he could generate words that would predict the outcome of a voice vote before the votes were called out and tallied up OR the fix was in and hence it made no difference at what the vote tally outcome was to be.
You watch, you decide.
The late, Great George Carlin nailed it: It’s a Big Club and You Aren’t In It. Watch it on YouTube.
Republicans do have super delegates, not as many as the Democrats though.
So this paper and journalist are lying?
Where is your proof? Links? Sources?
or you just can’t believe it so it must be false…
Novato, CA Housing Market Implodes; Prices Cave 12% YoY As Housing Demand Craters
http://www.movoto.com/novato-ca/market-trends/
Find a swamp donkey last night?
u r not fooling anyone here.
Stick with the data Az_Donk. Stick with the data.
Sarasota, FL Housing Prices Crater 16% YoY
http://www.movoto.com/sarasota-fl/market-trends/
how is your day going my friend?
Pick yourself up off the floor, cheer up my friend. And Remember….. Nothing accelerates the economy, creates jobs and raises the standard of living like falling prices to dramatically lower and more affordable levels. Nothing.
Ventura, CA Housing Prices Crater 16% YoY
http://www.movoto.com/ventura-ca/market-trends/
Did u consume today?
Remember Az_Donk…. Houses are depreciating assets.
Irving, TX Housing Prices Crater 15% YoY
http://www.zillow.com/irving-tx/home-values/
I just wrapped up a 30 minute phone call with Phony. It was great. Thank you Ben for providing this forum for so long. I really appreciate all of your hard work over the years. I’ve learned a ton and I really enjoy all of the characters here, real or imagined. I’ll be sending a donation along soon. As you know, I’ve got some side projects in the works.
For those keeping score at home, I have a contractual out, but I am full steam ahead unless a better rental option magically springs forth from a Unicorn’s…
Next up, Blue in upstate– as long as his ship is strong enough to float Debt Donkeys, and they are welcome.
“I’ve learned a ton and I really enjoy all of the characters here, real or imagined.”
You’re a mensch. Thanks for sharing your decision process on buying a place, which will help inform others facing similar choices.
Thanks, we have also communicated privately. At one point I had a friend trying to convince me to move to San Diego. Other than musical artists Cake and Rocket From the Crypt, I know nothing of San Diego, so PB answered my questions.
For all of you doubters, PB is legit. In the interest of his privacy, I will no say no more, but he is LEGIT.
Most welcome. I’m not sure, but I think debt donkeys are lighter than air.
Foreign imports are good for Americans
http://fee.org/articles/foreign-imports-are-good-for-americans/
Too many advocates of trade liberalization don’t really understand the case for free trade. Consider this sympathetic interview by Steve Inskeep of NPR with U.S. Trade Representative Michael Froman, the chief negotiator of the Trans-Pacific Partnership:
NPR: Froman argues the TPP, the Trans-Pacific Partnership, will give U.S. industries more access to foreign markets. Granted, there’s a trade-off. Other nations get more access to the U.S. for their products. Froman contends that, at least, happens slowly as tariffs or import taxes drop.
Froman: The tariff on imported trucks from Japan, as an example, won’t go away for 30 years. On apparel and textiles, we worked very closely with the textile manufacturers in the U.S. to come up with an outcome that they could be comfortable with, so that we’ll let in clothes coming that are made Vietnam or made in Malaysia, but they’ve got to use U.S. fabric.
Inskeep refers to the lowering of U.S. tariffs as “a trade-off,” and Froman accepts that characterization. Both operate from the premise that Americans want other countries to reduce their barriers to our exports, and that the “trade-off” for that benefit is that we must reduce our own trade barriers.
That’s backwards. The benefit of trade is that we get access to goods and services that we might not get otherwise, or we get to pay lower prices for the goods we want. More broadly, we want free — or at least freer — trade in order to remove the impediments that prevent people from finding the best ways to satisfy their wants.
Free trade allows us to benefit from the division of labor, specialization, comparative advantage, and economies of scale.
This is a point that Cato scholars and our Herbert A. Stiefel Center for Trade Policy Studies have been making for years. As Center director Dan Ikenson wrote last year:
Arguably, opening foreign markets should be an aim of trade policy, but real free trade requires liberalization at home. The real benefits of trade are measured by the value of imports that can be purchased with a unit of exports — the so-called terms of trade.
Trade barriers at home raise the costs and reduce the amount of imports that can be purchased with a unit of exports, yet holding firm to those domestic barriers while insisting that foreign markets open wider is the U.S. trade negotiating strategy.
Indeed, that’s almost every government’s negotiating strategy. It is the crux of reciprocity-based trade negotiations, which, at its core, is a rejection of free trade.
Ikenson and Scott Lincicome made that case at greater length, with specific emphasis on the “central misconception” that “exports are good and imports are bad,” almost five years ago.
Thirty years ago in the Cato Journal, the economist Ronald Krieger explained the difference between the economist’s and the non-economist’s views of trade. The economist believes that “The purpose of economic activity is to enhance the wellbeing of individual consumers and households.” And, therefore, “Imports are the benefit for which exports are the cost.” Imports are the things we want — clothing, televisions, cars, software, ideas — and exports are what we have to trade in order to get them.
And I wrote more about this persistent misunderstanding in The Libertarian Mind (buy it now!):
Politicians just don’t seem to get this. President Obama’s official [2010] statement on “Promoting U.S. Jobs by Increasing Trade and Exports” mentions exports more than forty times; imports, not once. His Republican critics agree: Senator Rob Portman says that a trade agreement “is vital to increasing American exports.”
More colorfully, during his 1996 presidential campaign, Pat Buchanan stood at the Port of Baltimore and said, “This harbor in Baltimore is one of the biggest and busiest in the nation. There needs to be more American goods going out.” That’s fundamentally mistaken. We don’t want to send any more of our wealth overseas than we have to in order to acquire goods from overseas.
If Saudi Arabia would give us oil for free, or if South Korea would give us televisions for free, Americans would be better off. The people and capital that used to produce televisions — or used to produce things that were traded for televisions — could then shift to producing other goods.
Unfortunately for us, we don’t get those goods from other countries for free. But if we can get them cheaper than it would cost us to produce them ourselves, we’re better off.
Sometimes international trade is seen in terms of competition between nations. We should view it, instead, like domestic trade, as a form of cooperation. By trading, people in both countries can prosper. And we should remember that goods are produced by individuals and businesses, not by nation-states. “South Korea” doesn’t produce televisions; “the United States” doesn’t produce the world’s most popular entertainment. Individuals, organized into partnerships and corporations in each country, produce and exchange.
In any case, today’s economy is so globally integrated that it’s not clear even what a “Japanese” or “Dutch” company is. If Apple Inc. produces iPads in China and sells them in Europe, which “country” is racking up points on the international scoreboard? The immediate winners would seem to be investors and engineers in the United States, workers in China, and consumers in Europe; but of course the broader benefits of international trade will accrue to investors, workers, and consumers in all those areas.
The benefit of international trade to consumers is clear: We can buy goods produced in other countries if we find them better or cheaper. There are other benefits as well. First, it allows the division of labor to work on a broader scale, enabling the people in each country to produce the goods at which they have a comparative advantage.
As Mises put it, “The inhabitants of [Switzerland] prefer to manufacture watches instead of growing wheat. Watchmaking is for them the cheapest way to acquire wheat. On the other hand the growing of wheat is the cheapest way for the Canadian farmer to acquire watches.”
I hope that USTR Froman, Senate Finance Committee chair Orrin Hatch, and other advocates of trade liberalization will come to understand and to advocate the strong case for free trade, which economists have understood since Adam Smith in 1776.
What does America export these days anyhow?
Airplanes, movies, and rap music?
What happens of the exporting countries stop taking dollars as payment?
What does America export these days anyhow?
Wars, death and destruction with a slight dose of tyranny at home.
You’re forgetting commercial airliners, weapons systems, software, and wheat and soybeans and so forth. These are all products of industries built on corporate welfare.
When we don’t build things in the US, there are few jobs other than menial for the non-elites.
I own lots of international stocks. My portfolio is about 30% international. That’s about $300,000 worth. You either complain about not profiting about free trade or you invest in it and profit.
This is a more peaceful world the more we trade with others. If China stayed stagnant we’d probably be melted into glass decades ago. I prefer to profit from free trade than to be long dead in a nuclear war.
“free trade” or “nuclear war” are not the only two choices.
The problem is when you spend more than your income, as a nation, as a family or as an individual. Then there is that little detail that foreign manufacturers and workers pay into their own social programs, not ours.
Which is why the word democracy appears no where in the US Constitution…
How’s that hope ‘n change working out for ya, ‘Murica?
“I don’t like the use of force. I like Voluntaryism. That is what a free society is all about.” - Ron Paul
A couple of years ago I had a neighbor whose dog barked loudly and incessantly, day and night. I asked him to do something about it, knowing he wouldn’t. Then I handed him a copy of the local noise ordinance. Still no “voluntarist” response. Then I called code enforcement and he got a citation. Still no relief. Then, as required, I submitted video evidence that his dog was engaged in nusiance barking that was a violation of the county noise ordnance. The code enforcers went to his house and told him to shut up his dog, or it would be removed. The dog disappeared shortly thereafter. I don’t know what happened to it and don’t care - problem solved.
Sometimes, Bill, “voluntarism” isn’t enough when dealing when dickheads. At that point you need the force of the law and the state to keep the peace.
A voluntaryist wants to flatten hierarchies down to the level where communities, smaller than today’s zip codes, will have more power than continent-wide organizations. As a renter, I read the terms of the lease agreements. I used these agreements successfully to quiet down neighbor’s partying until 2am.
Now suppose you bought property and have a 30 year loan, then some idiot moves next door with a yapper. It happens. At is one reason I don’t buy real estate. I move when things go bad.
Same thing when your nabe turns into a ghetto.
So your solution is to intimate force? Tell me that you would shoot to harm your neighbor over a barking dog. I dare you. That would also tell me whether you are into the Trump aggression philosophy or not.
Decades ago the USA had half the people as it does now. Barking dogs were owned back then. But the problem is that people are packed closer to each other. So you either must live far away from a city and have 100 acres of land with lots of trees and hills for buffering noise, or you have to tolerate e unpleasantries of a more crowded earth. The solution hcould not be bigger government and more control, just because we have more people. The solution is at the individual level. Recognize the problem and deal with it in alternate ways.
For instance, crowded conditions that bring unpleasant situations means you should not expect a good situation to stay good, or that all the people around you will stay the same and treat you the way you want to be treated. Mobility is the best response. You have the control that you are missing when you own in an urban area.
And at the same time you leave bad situations and if everyone did the same, Mr. Yapper would be wondering why he has no neighbor’s except those who cannot afford better places. Mr Yapper would be wondering how his place turned into a ghetto.
It is a fallacy to think you have no other choice but to force your neighbor to be kind. You expected things to be permanent to your wants. That resistance to change is your problem.
I live next to a very noisy street. I hear traffic 20 hours of the day. And there is a street corner nearby and the base of a long hill. Motorists including the dreaded Harley’s love to rev up their engines and floor the pedal to get the start on the hill when the light goes green. It is like NASCAR out there. But It is my choice. My low rent in this safe neighborhood is preferable.
I also read reviews of apartments prior to occupying them. I knew this place had a severe shortage of parking spots for visitors. But I needed to save money. I will live here until I get enough raises to make renting a two bedroom place in a quieter area possible.
Recognize that change is inevitable and do not resist it.
So your solution is to intimate force? Tell me that you would shoot to harm your neighbor over a barking dog. I dare you.
Nothing you wrote remotely addressed the concrete situation I presented to you.
And other people’s taxes paid for the efforts made to provide you with peace and quiet. I guess that would be called redistribution and you’re the FSA.
“Donald Trump is an authoritarian and he brags about it.” -Ron Paul
http://www.breitbart.com/video/2015/10/03/ron-paul-donald-trump-is-an-authoritarian-and-he-brags-about-it/
No libertarian is for Donald Trump. Most of Paul supporters dropped out of politics and would not support any authoritarian,
I was/am a Ron Paul supporter. I’m supporting Trump as a purely tactical maneuver to take a wrecking ball to the GOP establishment, and because the alternative, Hillary Clinton, is too vile to contemplate.
The GOPe did the same thing to Ron Paul that they will do to Cruz now that he is surging. They hate him also as bad or worse than Trump. Ron Paul should declare for either Cruz or Trump or both to strike back at the GOP establishment.
Cruz is a Goldman Sachs puppet, which makes him an Establishment RINO stooge masquerading as a conservative. No thanks.
Hillary Clinton supports “free trade” and the oligopoly’s use of whatever force is necessary to impose their neoliberal ideology and policies on Third World workers…and ‘Muricans too, once they’ve been disarmed.
http://www.thenation.com/article/the-clinton-email-bernie-sanders-should-bring-up-in-sundays-debate/
Nancy Reagan Dead at 94
Former First Lady to be buried next to her husband
NBC - March 6, 2016
Nancy “just say no” Reagan was a trouble maker.
Has Trump set a new low bar for incecency and hate speech by a presidential candidate?
Hate speech, lol. Get a grip and move to Europe.
I’d put it more in the “cranky old man” speech category. It’s like Archie Bunker inherited money and ran for president.
‘It’s like Archie Bunker’
Would Archie Bunker have stood in front of a Jewish group gathered by Sheldon Adelson and told them he was going to be an honest broker for peace between Israel and the Palestinians? Trump did. And when they booed him like crazy he told them to go jump in a lake.
Now, he could have told them what they want to hear, what they hear from just about every one in DC; we’ll kiss your ass and hand you billions every year. We’ll hold your coat while you kill a thousand or two in Gaza. We’ll use the US veto to sink any war crime charges. He could have even lied, and not let them know what he plans to do regarding the Palestinians. But he didn’t. He told the most biased group possible what they consider heresy.
One it’s courageous to stand up for the Palestinians and it’s also brave to tell the neocons he’s going to do so. And who is setting their hair on fire the most about Trump; the neocons. The neocons who will vote for Clinton if they don’t get their way.
Did you miss this little episode between Trump and this Jewish group? Are you too busy repeating what the MSM is saying to actually see what’s going on? Is this an example of Islamophobia, to say you’ll be an honest broker for the Palestinians? He’s not pandering to the Palestinian vote by the way. Most of them are in exile in Jordan.
If the US was being seen as an honest broker for the Palestinians, it would go a long way toward getting some peace in that region. Remember that thing we used to strive for, peace?
“If the US was being seen as an honest broker for the Palestinians, it would go a long way toward getting some peace in that region. Remember that thing we used to strive for, peace?”
It would help Trump’s cause to focus on stuff like this and leave the R-rated material out of his public speaking.
We can at least agree on that - there is no need for the coarse language that he uses.
“Now, he could have told them what they want to hear,”
The only reason he didn’t is because he didn’t KNOW what they wanted to hear… and he blustered through a mistake borne of ignorance the same way he always does. “I’m an ignoramous, so what?”
“…there is no need for the coarse language that he uses.”
It’s a great way to get the MSM to hang on your every word, provided you don’t mind the word getting around to your would-be evangelical supporters that you talk like a drunken sailor.
I have been watching politics for almost half a century, and I can honestly say that I don’t recall any presidential candidate who openly threatened to perpetrate violence against U.S. citizens participating in the political process.
You folks who think Trump is a better choice because “he needs nobody else’s money” are missing something important: He obviously considers himself so wealthy and powerful that he is above the rule of law.
Donald Trump on protester: ‘I’d like to punch him in the face’
By Jeremy Diamond, CNN
Updated 11:59 AM ET, Tue February 23, 2016
Story highlights
Donald Trump took aim at a protester and Ted Cruz on Monday
The rally came the night before Nevada voters weigh in
Las Vegas (CNN) Donald Trump unleashed tough rhetoric against his rivals as well as a protester at a Monday night rally, the eve before the Nevada caucuses.
“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. “He’s smiling, having a good time.”
The GOP front-runner also ratcheted up his attacks on Sen. Ted Cruz, calling his Republican presidential rival “sick.”
…
Last week I received a housing hate email saying the same thing.
I’m still laughing.
A housing hatemail from your betters? Well let me tell YOU something. I know betters. I have better betters than any of you ever heard of, believe me. And when I get hate mail from my betters, I build a wall to keep that hate mail out. The biggest, best wall ever built. And I put a big, beautiful door on that wall with a sign that says, you can come in, but you can’t bring that housing hate mail with you.
William Tucker, American Media Institute
Friday, April 10, 2015
Upstate New York is becoming Detroit with grass.
“Mrs. Clinton failed to fulfill her Senate campaign pledge to create 200,000 jobs in upstate New York.”
Hillary for president? Even the left worries about Clinton’s competence
By Jon Kraushar Published November 14, 2014
FoxNews.com
For example, Mrs. Clinton failed to fulfill her Senate campaign pledge to create 200,000 jobs in upstate New York. In fact, upstate New York actually lost jobs during Mrs. Clinton’s term in office. Former “Meet the Press” anchor Tim Russert made this point in his interview with Senator Clinton when she ran for president in 2008. Then, Senator Clinton claimed that, if elected to the Oval Office, she would generate five million new jobs!
Five million new jobs from President Hillary Clinton? Fast forward to today where jobs and the economy remain at the forefront of voter concerns. What in Mrs. Clinton’s past experience suggests that she would be anything but long on promises and short on performance?
The sad thing is that upper NYS should be booming.
Plenty of fresh water.
Plenty of cheap(er) electricity from hydroelectric
Lots of land, lots of natural resources.
Educated and nice people.
Why aren’t people and businesses flocking there like they did up until 1970?
Truly insane property taxes. Insane state income taxes. Insane business taxes.
And
Out of control unions. Especially public unions.
The place is now bankrupt. The state is looking for victims to tax even more to keep the ponzi scheme going. No one will move there and everyone has an exit strategy.
There isn’t a state in new england or the north east that isn’t bankrupt.
I will give you one guess on the common theme.
Corrupt Democrat municipal administrations?
if you can make it in NY, you can make it anywhere.
What are ice storms?
Bitcoin platform for smart contracts. Backward compatible with Ethereum. What’s not to like?
http://www.rootstock.io/
Judge Jeanine Pirro blisters Mitt Romney’s bottom but good. Worth a watch, because she exposes some things about Romney I didn’t know, including his Full Sail University scam, and another one as well.
https://www.youtube.com/watch?v=srGlyFyghRk
“There’s an insurrection coming. Mitt Romney just confirmed it. We’ve watched governors, the National Review, conservative leaders, establishment and party operatives trash Donald Trump. But Mitt Romney will always be remembered as the one who put us over the edge and awoke a sleeping giant, the Silent Majority, the American people.
Fact. The establishment is panicked. Mitt essentially called for a brokered convention where the Republican nominee will be decided by party activists and delegates irrespective of their state’s choice… You want a brokered convention? A primer Mitt. Whenever we have a brokered convention we lose.
Dewey and Ford emerged from a brokered convention to lose the general election. So why? Because the party elites and elders want to protect us and stop of from falling into the abyss?… Most of us working two or three jobs think we’re already in the abyss. The Obama abyss…
We are sick and tired of legislators of modest means who leave Congress multimillionaires, whose spouses and families get all the contracts from selling the post offices to accessing insider information so they can buy property and flip it. You’re so entrenched that you’re willing to give Hillary Clinton a win. It doesn’t matter to you which party, crony capitalism and its paradigm will not change for the elite.”
Judge Jeanine for AG!
In all fairness, Jeanine Pirro’s family (husband and brother in law,not her personally) has seen its share of trouble from shady business dealings. And she and Trump have a mutual admiration society. But it’s nice to see someone in the media sticking up for him.
“And she and Trump have a mutual admiration society.”
It was pretty hard to tell that wasn’t an unbiased source!
Whenever we have a brokered convention we lose.
Dewey and Ford emerged from a brokered convention to lose the general election.
If she’s going to go back Thomas Dewey in 1948, she should know that ir would reasonable to characterize the 1952 GOP convention as being brokered. The candidate chosen by that convention won that year’s election and the next one.
When the 1952 Republican National Convention opened in Chicago, Illinois, most political experts rated Taft and Eisenhower as neck-and-neck in the delegate vote totals. Eisenhower’s managers, led by Dewey and Massachusetts Senator Henry Cabot Lodge Jr., accused Taft of “stealing” delegate votes in Southern states such as Texas and Georgia. They claimed that Taft’s leaders in these states had unfairly denied delegate spots to Eisenhower supporters and put Taft delegates in their place. Lodge and Dewey proposed to evict the pro-Taft delegates in these states and replace them with pro-Eisenhower delegates; they called this proposal “Fair Play.” Although Taft and his supporters angrily denied this charge, the convention voted to support Fair Play 658 to 548, and Taft lost many Southern delegates. Eisenhower also received two more boosts, firstly when several uncommitted state delegations, such as Michigan and Pennsylvania, decided to support him, and secondly when Stassen released his delegates and asked them to support Eisenhower, whose moderate policies he much preferred to those of Taft. The removal of many pro-Taft Southern delegates and the support of the uncommitted states decided the nomination in Eisenhower’s favor.
https://en.wikipedia.org/wiki/United_States_presidential_election,_1952#Republican_Convention
In fairness, Ike did result in Earl Warren and that was a disaster.
why are we forced to overpay?
Nobody is. Man up Az_Donk.
It’s CraterRage!
http://goo.gl/nhb3fP
A divided GOP doesn’t have a prayer
By Doyle McManus
March 6, 2016, 5:00 AM
Mitt Romney is interviewed by Neil Cavuto during his “Cavuto Coast to Coast” program on the Fox Business Network on March 4. Romney forcefully denounced Trump’s bid for the Republican presidential nomination.
(Richard Drew / Associated Press)
This is how a political party looks when it’s coming unglued.
Last week, the Republicans’ two most recent presidential candidates, Mitt Romney and John McCain, denounced this year’s likely nominee, Donald Trump.
“Donald Trump is phony, a fraud,” Romney said. “His promises are as worthless as a degree from Trump University.”
McCain piled on, warning that Trump’s views on foreign policy were “dangerous.”
Dozens of other Republicans, including a conservative U.S. senator, declared that they would not vote for Trump if he becomes the nominee.
And Thursday night’s televised debate among the candidates degenerated — again — into a shouting match of schoolyard insults.
This from a party that likes to thinks of itself not only as the natural party of government, but as the party of ideas and family values.
Romney and McCain are right, of course. Trump isn’t just divisive and vulgar; with his anticonstitutional impulses on foreign policy and law enforcement, he’s a danger to the country. His election as president would be a disaster, and not only for the GOP.
So leaders of the establishment have concocted a plan to fight back — which will almost certainly fail.
“This is a time for choosing,” Romney said, quoting Ronald Reagan. But Romney didn’t actually make a choice. Instead, he offered a multiple-choice endorsement.
“Given the current delegation selection process, that means I’d vote for Marco Rubio in Florida and for John Kasich in Ohio and for Ted Cruz or whichever one of the other two contenders has the best chance of beating Mr. Trump in a given state,” Romney said.
…
‘McCain piled on, warning that Trump’s views on foreign policy were “dangerous.”’
Now that is the pot calling the kettle black.
I’d fear for my nephew and niece’s future wi four years of either Trump OR McCain in office.
So leaders of the establishment have concocted a plan to fight back —
Which appears to include paying off those in the pundit class — like Doyle McManus — to write anti-Trump articles like this one.
I’ve watched McManus for a while. He has generally been neutral and even-handed, enough to guest host on Washington Week (PBS) a few times. I hope Gwen Ifil doesn’t invite him back.
“Anyone but Trump” is not a choice, unless the Republicans have decided Hillary would be better than any of their candidates.
Jeb’s going to be nominated without a single vote.
Well done dude, well done.
Peyton Manning to retire after 18 seasons in the NFL
By ARNIE STAPLETON, AP
50 minutes ago
ENGLEWOOD, Colo. (AP) — Peyton Manning surveyed the landscape of his brilliant career and called one last audible. He’s retiring a champion.
“Peyton Manning to retire after 18 seasons in the NFL”
It’s a tough way to make a living despite the money. Kudos!
I did a little data analysis to compare Iowa Election Market Trump Nomination futures prices to Republican Presidential Election Winner-takes-all futures prices.
The take home is that the higher the probability for Trump to get the Republican nomination, the lower the probability for a Republican Party victory in November.
The data start in mid-January 2016. I’m working on a time series figure that drives home my point that Republican Winner-takes-all futures prices have sunk with Trump’s primary success.
Small wonder Republican Party leaders are freaking out!
Tyrant Trump has only 49% of the Republican party’s support in the polls. The others have even less support. The independents are not a guarantee for anyone, no matter which of the two large sociopathic parties. Many independents may poll favorably for Trump or Sanders and then end up realizing the candidates all suck, and just not vote.
The quality of the candidates this year is far worse than any real estate agent. It is why I cannot believe HBBers have been drinking the punch when it comes to rulers.
No human being with any self respect should want to be ruled or want a leader. But I hear cries for leadership. So pitiful.
A rare victory for the 4th Amendment of the Constitution.
http://thenewspaper.com/news/49/4910.asp
Yet by supporting Trump, you do not support the 4th amendment. Trump wants to access all iPhones, which is a violation of the 4th.
Are you glad for the victory or just stating it?
Precious metals are surging higher as our faked official economic data loses all credibility.
http://investmentresearchdynamics.com/precious-metals-are-ripping-higher-as-the-government-jobs-report-loses-all-credibility/
The metals are also ripping higher because the quality of the presidential candidates is below the average American. To put such an animal in power is very frightening and is scaring gold upward.
Trump is good for gold, thanks to the fear of a fascist takeover of the American government and way of life. This may help explain why Raymond K Hessel is constantly pimping for Trump.
Hillary finally getting a criminal conviction and prison time would do much to restore my faith in the justice system in America.
https://pivotamerica.com/2016/03/06/clinton-likely-be-indicted-by-may-for-breach-of-national-security-facing-1-to-10-years/
That would make a great kick-off to a Wall street witch hunt.
Hillaryous is unelectable.
47% of the electorate are getting gub’mint benefits and 95% are stupid. Even using Common Core math, that adds up to a Hillary Clinton victory.
Maybe she and Donald Trump can share a gender-tolerant cell?
I was watching the Hildabeast debate Barnie Sanders.
What comes after trillions?
U.S. National Debt Clock : Real Time
http://www.usdebtclock.org/ - 264k -
“What comes after trillions?”
How about Star Trek’s Quatloos? It is $1×10^15 anyway. Hehe.
From George Takai:
Donald Trump answers the question: What is 2+2?
“I have to say a lot of people have been asking this question. No, really. A lot of people come up to me and they ask me. They say, ‘What’s 2+2′? And I tell them look, we know what 2+2 is. We’ve had almost eight years of the worst kind of math you can imagine. Oh my God, I can’t believe it. Addition and subtraction of the 1s the 2s and the 3s. It’s terrible. It’s just terrible. Look, if you want to know what 2+2 is, do you want to know what 2+2 is? I’ll tell you. First of all the number 2, by the way, I love the number 2. It’s probably my favorite number, no it is my favorite number. You know what, it’s probably more like the number two but with a lot of zeros behind it. A lot. If I’m being honest, I mean, if I’m being honest. I like a lot of zeros. Except for Marco Rubio, now he’s a zero that I don’t like. Though, I probably shouldn’t say that. He’s a nice guy but he’s like, ‘10101000101,’ on and on, like that. He’s like a computer! You know what I mean? He’s like a computer. I don’t know. I mean, you know. So, we have all these numbers, and we can add them and subtract them and add them. TIMES them even. Did you know that? We can times them OR divide them, they don’t tell you that, and I’ll tell you, no one is better at the order of operations than me. You wouldn’t believe it. So, we’re gonna be the best on 2+2, believe me.”
Bernie to Hillary: Your Wall Street friends destroyed the economy. So true, but 95% of the ‘Murican electorate bent over and spread their cheeks for those same friends of Hillary by voting for pro-bailout Establishment Republicrat candidates in 2008 and 2012, and will do so again in 2016.
http://www.businessinsider.com/bernie-sanders-hillary-clinton-cnn-debate-2016-3
Is Cruz a better alternative than Trump?
time to go shopping for a ranch in NEw Zealand
http://dailycaller.com/2016/03/07/caitlyn-jenner-hillary-clinton-couldnt-care-less-about-women/
the crazies win
Don’t forget to bring your domestic partner with you.