July 24, 2016

Waiting For Happy Hour

A report from the Naples Daily News. “Florida saw strong existing home price growth in June over the year. But in Southwest Florida, which had big inventory increases, the numbers weren’t as strong, according to reports released Thursday by Florida Realtors and local Realtor boards. Median sales prices for town homes and condos slipped 2.3 percent, to $256,500 from $262,500 in the Naples-Immokalee-Marco Island metro area in June, compared with June 2015. ‘There’s been a pullback,’ said Michael Burke, president of the Bonita Springs Estero Association of Realtors. ‘I don’t think there’s a bubble bursting, but buyers are taking a look-and-see attitude.’”

“Part of the reason for the lackluster rise is Naples resale sellers are competing with new home builders, said a panel of brokers at the NABOR event. All said about a quarter of their recent sales were of new homes. Another is that some sellers are resistant to lowering their prices in a cooling market. ‘A lot of sellers are not interested in selling unless they get a large price,’ Naples broker Jeff Jones said.”

“In the Naples area, the inventory of single-family homes was up 25 percent over the year, to 2,674 from 2,133, while the supply of condos rose to 2,309 from 1,565 a year earlier, a 48 percent rise. In Collier County, closed single-family sales fell 5.6 percent, to 475 from 503, while town house and condo sales were down 8.3 percent, to 520 from 567. Lee County saw closed single-family sales fall 12.3 percent, to 1,177 from 1,342, and town house and condo sales drop 13.8 percent, to 514 from 596.”

“‘There’s nothing good to say about condos right now,’ said Naples real estate broker Bill Coffey. One driver of the regional sales slowdown seems to be that buyers are aware of the slowing market and are anticipating home prices will fall, some brokers said. ‘They’re waiting for happy hour,’ Coffey said.”

The Miami Herald. “The boom is over. The volume of existing home sales fell again in Miami-Dade County in June, reflecting a real estate market that has settled down after three years of heady, unsustainable growth. But prices are still rising as buyers and sellers take time to adjust to the new dynamic. Competition remains intense for mid-range homes. And the market in Broward County, which is less dependent on foreign buyers, continues to grow.”

“Overall, prices are still on the rise. Experts say they lag several months behind sales. There’s evidence the luxury market has already started to adjust: Realtors interviewed in recent weeks have said sellers of multi-million properties are starting to lower sky-high expectations.”

The South Florida Business Journal. “Two condos controlled by a Turkish media executive in the Setai Resort & Residences in Miami Beach were placed in Chapter 11 reorganization. Setai 3509 LLC and Setai 1908 LLC both filed Chapter 11 in U.S. Bankruptcy Court in Miami on July 21. Both companies are managed by Nafia Sevin Ergun Sefada, the chair of Satis Ofisi, a large media representation group in Turkey.”

“Setai 3509 owns a three-bedroom, 2,521-square-foot unit in the condo at 101 20th Street. It paid $10.95 million for it in 2014. Setai 1908 owns a two-bedroom, 1,279-square-foot condo that it acquired for $3.75 million in 2013. Michael S. Hoffman, who represents the debtors in Bankruptcy Court, said they hope to reorganize and come out of bankruptcy with their debt resolved. They are considering the options to either sell or retain the properties, he added.”

“The complaint claimed that the defendants defaulted on the mortgages, owing $5.35 million on unit 3509 and $1.57 million on unit 1908. Meanwhile, both condos have been listed for sale. The asking prices for units 3509 and 1908 are $10.95 million and $4.75 million, respectively. However, condo sales volume in Miami-Dade County has declined this year.”




RSS feed

120 Comments »

Comment by Ben Jones
2016-07-24 06:51:38

I am changing the format of posting here. I will be getting information out more quickly but less uniformly. From the last link:

‘Setai 3509 owns a three-bedroom, 2,521-square-foot unit in the condo at 101 20th Street. It paid $10.95 million for it in 2014. Setai 1908 owns a two-bedroom, 1,279-square-foot condo that it acquired for $3.75 million in 2013.’

‘On June 2, Coral Gables-based BAC Florida Bank filed a foreclosure lawsuit against Setai 3509, Setai 1908 and Sefada over the two condos. The complaint claimed that the defendants defaulted on the mortgages, owing $5.35 million on unit 3509 and $1.57 million on unit 1908.’

‘Meanwhile, both condos have been listed for sale. The asking prices for units 3509 and 1908 are $10.95 million and $4.75 million, respectively.’

‘They are considering the options to either sell or retain the properties’

Uh, I think you’ve made your decision when you stopped making payments.

 
Comment by Raymond K Hessel
2016-07-24 06:52:42

The Oligopoly is blaming BREXIT for the sudden downturn in the UK economy - ignoring the fact that the bankster-looted productive economy was already headed for a tailspin, which is why the proles who have to make their way in that economy voted for BREXIT.

http://www.independent.co.uk/news/uk/britain-just-got-its-first-concrete-sign-that-brexit-will-destroy-the-economy-a7152306.html

Comment by Ben Jones
2016-07-24 07:24:09

‘Global financial officials promised Sunday to protect the world economy from the shockwaves of Britain’s European Union referendum and to boost sluggish growth.’

‘Envoys of the Group of 20 major economies also rejected trade protectionism, an issue that has risen in prominence as U.S. Republication presidential candidate Donald Trump stirs unease with talk about restricting access to American markets.’

‘The gathering of finance ministers and central bank governors from the United States, China, Britain, Germany and other governments took place against a backdrop of a weak global recovery that was rattled by Britain’s vote to leave the EU and trade tension over Chinese exports of low-priced steel. The British vote “increased global economic uncertainty,” said a joint statement by the officials, who were meeting in Chengdu in western China.’

“G-20 members are ready to actively respond to the potential economic and financial impact brought by the British referendum,” said the statement. “In the future, we hope to see Britain as a close partner of the EU.”

Comment by Ben Jones
2016-07-24 07:26:25

‘who were meeting in…western China’

‘Envoys of the Group of 20 major economies also rejected trade protectionism’

‘China, accused of flooding world markets with cheap steel, has started levying anti-dumping duties as high as 46.3 percent on electric steel products imported from Japan, South Korea and the European Union, according to China’s official Xinhua news agency said on Sunday.’

‘China began levying the duties on Saturday after an investigation by the country’s Ministry of Commerce found evidence of dumping that was harming Chinese industry, Xinhua said. It added the duties range from 37.3 percent to 46.3 percent.’

How stupid do these people think we are?

Comment by In Colorado
2016-07-24 07:46:05

Given that we’ve handed our industrial base to them on a silver platter, they must think we’re morons.

(Comments wont nest below this level)
 
Comment by Raymond K Hessel
2016-07-24 07:47:06

We are every bit as stupid as they think we are. I give you Exhibit A: the 95% of the electorate that voted for Wall Street water carriers Obama, McCain, and Romney.

(Comments wont nest below this level)
Comment by Mr. Banker
2016-07-24 07:49:26

“We are every bit as stupid as they think we are.”

Yes. A wonderous and beautiful thing to behold.

 
 
 
 
 
Comment by Ben Jones
2016-07-24 06:53:14

‘The boom is over…But prices are still rising as buyers and sellers take time to adjust to the new dynamic…Overall, prices are still on the rise. Experts say they lag several months behind sales’

Prices are still rising in Houston too. Ask any UHS if prices are really going up in Houston.

 
Comment by azdude
2016-07-24 08:54:58

Can u imagine where home and car prices would be if this credit created out of thin air wasn’t available?

The credit is what keeps the prices high.

If we had sound money this would not happen.

During the busts they just print more to mop things up.

Comment by GuillotineRenovator
2016-07-24 14:32:20

There is no shortage of sheep lining up for $1,000+ per month truck payments.

 
 
 
Comment by Jesus Navas Is My Lord Savior
2016-07-24 06:53:27

It always starts with Floriduh.

Comment by Ben Jones
2016-07-24 06:56:02

It started in Naples back in 2005. When you read this, the end is near:

‘Naples resale sellers are competing with new home builders, said a panel of brokers’

Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:00:23

I still think they have enough juice to put the humpty dumpty back together until the election at the minimum.

Comment by Ben Jones
2016-07-24 07:36:56

One reason I’m changing these posts is things are going by and I don’t think people are seeing it. I posted this Friday in the comments:

‘Sales of existing single-family homes have tumbled by 4.6 percent in Sarasota-Manatee and by 7.8 percent in Charlotte through the first six months of the year…Home sales have dropped every month so far this year, but real estate agents say the market was bound to cool off after record-setting years in 2014 and 2015.’

“Buyers in the $400,000 to $900,000 range have been balking all year about the current asking prices,” said Charryl Youman, an agent with Berkshire Hathaway HomeServices Florida Realty in Venice. “Many just don’t see the value. Because if you have a listing in that price point, you are already competing with new construction, big time. And sitting on the market longer, with very few looks.”

This is where the institutional investors were most active. A couple-three years ago, this paper reported that one paid way over asking when they were the only bidder.

This isn’t doom and gloom. It’s reality.

(Comments wont nest below this level)
Comment by Ben Jones
2016-07-24 07:44:18

BTW, I’ve seen charts of buyer traffic in Sarasota. They didn’t have a spring season. They don’t have anything, it’s dead in the water. The papers aren’t saying much, but this flipping hot-bed and investor paradise is a cooked goose.

 
Comment by TheFabulousMoolah
2016-07-24 08:16:14

In the PHX area the smart sellers are dropping their prices and getting what they can rather than letting the houses sit with the rest of the pack. Locking in those deflated bubble gains and getting the heck out while they still can. The rest are holding firm to wishing prices without a clue what is going on around them.

We are in an unprecedented era of data availability and most don’t even do any basic research.

 
Comment by Mr. Banker
2016-07-24 09:21:56

“We are in an unprecedented era of data availability and most don’t even do any basic research.”

Yep.

1. Dumb ‘em down.

2. Profit.

 
 
 
 
 
Comment by Raymond K Hessel
2016-07-24 06:55:18

The German sheeple, having voted for stooges of the globalists, are finding globalism and open borders not to their liking.

http://www.telegraph.co.uk/opinion/2016/07/23/angela-merkels-open-door-has-left-her-fighting-for-survival/

 
 
Comment by Jesus Navas Is My Lord Savior
2016-07-24 06:55:38

Wikileaks emails reveal DNC conspiracy in anti-Trump protests

Wasserman-Schultz dropped from DNC. She’s the chair or something?

Oh look Trump, he is so racis!

Comment by TheFabulousMoolah
2016-07-24 07:19:14

And all the “anti fascists” here won’t say a word about Facebook and the rest of the media deliberately ignoring and avoiding this story.

Instead they’ll be blowing a gasket like Professor Bear over Trump. Glad I stopped in yesterday to check his hysteria index. If he’s melting down it means Trump is gaining.

Comment by TheCentralScrutinizer
2016-07-24 08:17:13

Fear not, Trumpling. Daddy’s gonna be president, and you’ll get your measure of Hope and Change.

Comment by TheFabulousMoolah
2016-07-24 10:31:05

At least I won’t get open borders.

(Comments wont nest below this level)
 
 
 
 
Comment by Raymond K Hessel
2016-07-24 06:59:13

From here on out, all UK bad economic news is going to be blamed on BREXIT, notwithstanding their debt-fueled “growth” model was unsustainable in the long run.

http://www.telegraph.co.uk/business/2016/07/23/uk-profit-warnings-rise-to-crisis-highs-amid-brexit-uncertainty/

Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:03:18

They want that second referendum and they might just get it.

Comment by Raymond K Hessel
2016-07-24 07:51:20

No, oligarch puppets like their new PM will keep finding excuses to delay triggering Article 50, which starts the formal process of leaving the EU. Apparently the Oligopoly are okay with voting only as long as its for Dancing with the Stars.

 
 
Comment by Bubblebot
2016-07-24 23:11:14

“From here on out, all UK bad economic news is going to be blamed on BREXIT, notwithstanding their debt-fueled “growth” model was unsustainable in the long run”

Predictable. And Trump will be blamed for our own meltdown though as we all know, it’s been metastasizing for years.

 
 
Comment by Raymond K Hessel
Comment by TheFabulousMoolah
2016-07-24 07:22:15

He seems like a swell fellow who will keep all of Hillary’s secrets because he has one or two of his own (that they know about).

Can’t wait to see if Hillary has the stamina of Trump to speak for over an hour. I bet she can’t last half that, at least not without wetting her depends or breaking into a coughing fit.

Comment by Professor Bear
2016-07-24 10:47:57

Can’t wait to see if Hillary has the stamina of Trump to speak read a speech written by somebody else off a teleprompter for over an hour.

Fixed it.

Here’s to hoping she doesn’t yammer away endlessly like Trump did. Longer is not better in the public speaking arena.

Comment by TheFabulousMoolah
2016-07-24 10:59:31

ding ding ding, winner PB. First in to defend yer gal.

(Comments wont nest below this level)
Comment by Professor Bear
2016-07-24 11:06:16

Pointing out that Trump’s speech was too long and full of fear mongering can only seem like a Hillary endorsement to a Trumpling’s twisted mind.

 
Comment by Tarara Boomdea
2016-07-24 11:11:50

Her speaking style is painful; she is an awful speaker, in any accent, especially when she yells. Maybe everyone around her is too intimated to tell her, not wanting to experience it personally.

 
Comment by Professor Bear
2016-07-24 11:40:47

Hillary tries way too hard to imitate the speaking style of her loud-mouthed opponent. You can’t out-Trump Trump.

 
Comment by Professor Bear
2016-07-24 12:05:18

“Maybe everyone around her is too intimated to tell her, not wanting to experience it personally.”

The Empress’s new macho speaking voice?

 
Comment by TheFabulousMoolah
2016-07-24 12:36:47

Yes, I guess you are trying to help Trump with your constructive criticism.

 
 
 
 
 
Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:02:08

War it is then…

“This is further evidence the Russian government is trying to influence the outcome of the election,” the Clinton campaign statement said.

Comment by Raymond K Hessel
2016-07-24 07:31:35

Classic Clinton strategy: try to deflect the uncovering of their wrongdoing by blaming the those that uncover the wrongdoing.

Comment by Mr. Banker
2016-07-24 07:53:19

You use whatever it is that works.

 
 
Comment by TheFabulousMoolah
2016-07-24 08:18:21

“Look a squirrel” distraction strategy.

Comment by Mr. Banker
2016-07-24 08:22:25

Whatever works.

 
 
 
Comment by Raymond K Hessel
Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:14:07

What does Koch brothers, Bushes and Sad Pandas have in common?

 
 
Comment by Raymond K Hessel
2016-07-24 07:08:30

What will be the long-term impact of the California drought on the housing market?

http://www.zerohedge.com/news/2016-07-23/california-drought-–-el-nino-precipitation-flushed-pacific-ocean-while-water-storage

Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:15:18

It will go up by another 10%.

 
 
Comment by Jesus Navas Is My Lord Savior
2016-07-24 07:21:58

And we thought subprime was yesterday…LOL

Large investors cashing out

An interesting story from Bloomberg examines this new trend:

“(Bloomberg) Melissa Suniga and her mother had been renting a three-bedroom Phoenix house for less than a year when their landlord, Blackstone Group LP’s Invitation Homes, gave them the chance to buy it.

Suniga, a 40-year-old childcare worker, used her security deposit and $2,000 she’d saved from her income-tax refund, along with a county grant and a credit from Invitation Homes that together provided her with $10,600 more for her down payment and closing costs. She expects to complete her purchase of the $150,000 house this week.”

The Arizona market is blistering hot yet again. The home in the example above was purchased for $83,000 in 2013 and now is being offered for sale at $150,000. All of this of course depends on the economy not having any minor hiccups ahead:

“Now, Suniga is buying the renovated place for $150,000 with a loan from the Blackstone-owned Finance of America Mortgage LLC. A bankruptcy from more than a decade ago, along with a past sale of a home for less than what was owed on it, had raised flags with other lenders Suniga talked to, even though she’s brought her credit score up to 660, she said.”

Comment by Combotechie
Comment by cactus
2016-07-24 10:06:07

what are they buying ?

 
 
Comment by azdude
2016-07-24 08:58:56

it is the credit that has created these high prices.

 
Comment by Combotechie
2016-07-24 09:40:57

An additional snippet from the above article …

“There is still maximum leverage in the market. Even in the above example, you have someone that has a tough time getting standard financing and had a bankruptcy in the past. And is now buying a property that has jumped in price by 80 percent since 2013. Has the family’s income gone up by 80 percent?”

 
 
Comment by Raymond K Hessel
2016-07-24 07:25:22

http://jessescrossroadscafe.blogspot.mx

We Americans are not usually thought to be a submissive people, but of course we are. Why else would we allow our country to be destroyed? Why else would we be rewarding its destroyers? Why else would we all— by proxies we have given to greedy corporations and corrupt politicians— be participating in its destruction?

Most of us are still too sane to piss in our own cistern, but we allow others to do so and we reward them for it. We reward them so well, in fact, that those who piss in our cistern are wealthier than the rest of us. How do we submit? By not being radical enough. Or by not being thorough enough, which is the same thing.

Wendell Berry

Under pretence of governing they have divided their nations into two classes, wolves and sheep. I do not exaggerate. This is a true picture of Europe. Cherish therefore the spirit of our people, and keep alive their attention. Do not be too severe upon their errors, but reclaim them by enlightening them.

If once they become inattentive to the public affairs, you and I, and Congress, and Assemblies, judges and governors shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions; and experience declares that man is the only animal which devours his own kind, for I can apply no milder term to the governments of Europe, and to the general prey of the rich on the poor.

Thomas Jefferson, 16 January 1787

Special privileges and the use of the taxing power for private gain, these are the twin pillars upon which plutocracy rests. To take away these supports and to elevate the beneficiaries of special legislation to the path of honest effort is the purpose of our party.

And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government.

Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.

Plutocracy is abhorrent to a republic; it is more despotic than monarchy, more heartless than aristocracy, more selfish than bureaucracy. It preys upon the nation in time of peace and conspires against it in the hour of its calamity. Conscienceless, compassionless and devoid of wisdom, it enervates its votaries while it impoverishes its victims.

It is already sapping the strength of the nation, vulgarizing social life and making a mockery of morals. The time is ripe for the overthrow of this giant wrong. In the name of the counting-rooms which it has denied; in the name of business honor which it has polluted; in the name of the home which it has despoiled; and in the name of religion, upon which it has placed the stigma of hypocrisy, let us make our appeal to the awakened conscience of the nation.

William Jennings Bryan, 30 August 1906

Comment by Raymond K Hessel
 
 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2016-07-24 07:37:23
 
 
Comment by Combotechie
2016-07-24 08:35:33

Because … this is who she is …

“Why can’t Hillary stop fudging the truth?”

http://www.politico.com/magazine/story/2016/07/hillary-clinton-emails-history-214095

 
Comment by azdude
2016-07-24 08:53:04

the bust in stocks wont happen until they suck the retail sheep back in. They have been reluctant to bite because of being hosed by the boom and bust bubbles orchestrated by cheap money.

Wall street is wondering why they haven’t been able to suck the sheeple back into their scheme of wealth transfer.

Comment by Mr. Banker
2016-07-24 09:17:08

“Wall street is wondering why they haven’t been able to suck the sheeple back into their scheme of wealth transfer.”

Patience.

 
Comment by Raymond K Hessel
2016-07-24 09:26:50

Methinks Yellen the Felon will have to institute NIRP in a final attempt to force the last of the recalcitrate retail invester muppets into Wall Street’s rigged casino. Then and only then can her Goldman Sachs handlers go massively short, then order their creature Old Yellen to hike rates and crash the Ponzi. Ka-CHING!

Comment by azdude
2016-07-24 10:34:06

you know this sh@t show will go on until they can unload stock onto the sheep and then create another freefall panic.

They have really figured out how to manipulate the short sellers.

 
 
 
Comment by aNYCdj
2016-07-24 09:15:33

all the dirt comes out eventually…….

Dark truth about the teen gunned down in Ferguson: Michael Brown’s mother tells of her violent abuse at the hands of his father - who even forced a shotgun into her mouth

http://www.dailymail.co.uk/news/article-3583378/Michael-Brown-s-mother-claims-teen-s-father-violent-abuser-forced-shotgun-mouth-fight-strangled-jealous-rage.html

Comment by Professor Bear
2016-07-24 11:01:14

That’s a horrible tale, but not sure how it is directly relevant to what went down between Michael Brown and the police officer in Ferguson.

Comment by aNYCdj
2016-07-24 12:04:03

well if you dont have a father who is educated and cares like trayvons you grow up stupid

also mike brown was functionally illiterate socially promoted and went to the 2nd worst HS in the st louis area so bad it lost its accreditation.

you know what that really means well if Florida is gods waiting room a HS without accreditation is a babysitting service before state prison.

Comment by Raymond K Hessel
2016-07-24 12:51:14

The purpose of our NEA indoctrination mills is to churn out dependency voters for the Democrats, not young people capable of independent thought and making their own way in society (shudder).

(Comments wont nest below this level)
 
Comment by Professor Bear
2016-07-24 15:18:39

“also mike brown was functionally illiterate socially promoted and went to the 2nd worst HS in the st louis area so bad it lost its accreditation.”

Coincidentally, it also was once my HS.

St. Louis area teens worry about the unrest that might be
For Missouri students, Michael Brown shooting is close to home
At a high school Brown once attended, young people are affected by the riots, police response and delays that followed the killing.
By Wesley Lowery Politics
November 20, 2014

Everyone has a Michael Brown story, and Ngone Seck was telling hers as she sat with several friends at Riverview Gardens High School, where she’s a freshman.

On Aug. 9, the last Saturday before school was to start, she and her father left their home in the Canfield Green apartments to pick up a friend. And it was in that moment that everything changed.

Angry residents were pouring onto the street. An unarmed black 18-year-old had just been killed by a white police officer, and as the crowd was continuing to grow, more police were showing up.

Brown’s “stepdad stopped our car,” Ngone, 15, recalled. “And he had a cardboard sign that said that someone had executed his son.”

Riverview Gardens sits just outside this small St. Louis suburb, but many Ferguson teenagers are enrolled here, including a number who live in the Canfield Green complex.

(Comments wont nest below this level)
Comment by aNYCdj
2016-07-24 16:53:42

Coincidentally, it also was once my HS.

what happened? what made it sink so low?

 
Comment by Professor Bear
2016-07-24 22:51:45

What happened to St. Louis since 1950? Or almost every urban center from the Mississippi River east to the Atlantic Seaboard, for that matter?

 
Comment by Professor Bear
2016-07-24 23:03:36

What I left behind…

Once a thriving metropolis on the banks of the Mississippi, St. Louis, Missouri, is now a ghostly landscape of vacant houses, boarded-up storefronts, and abandoned factories. The Gateway City is, by any measure, one of the most depopulated, deindustrialized, and deeply segregated examples of American urban decay. “Not a typical city,” as one observer noted in the late 1970s, “but, like a Eugene O’Neill play, it shows a general condition in a stark and dramatic form.”

Mapping Decline examines the causes and consequences of St. Louis’s urban crisis. It traces the complicity of private real estate restrictions, local planning and zoning, and federal housing policies in the “white flight” of people and wealth from the central city. And it traces the inadequacy—and often sheer folly—of a generation of urban renewal, in which even programs and resources aimed at eradicating blight in the city ended up encouraging flight to the suburbs. The urban crisis, as this study of St. Louis makes clear, is not just a consequence of economic and demographic change; it is also the most profound political failure of our recent history.

 
 
 
 
 
Comment by Raymond K Hessel
Comment by Raymond K Hessel
2016-07-24 09:52:24

In the end people just go and shoot without the niceties for the convenience. By and by we will miss civilization, which is what holds barbarism and our worse natures in check. The entire apparatus of civilization is geared towards moderating raw passions it must control. The purpose of churches, custom, culture, manners and law is to restrain the Beast, because the Beast needs restraining. Unfortunately we are at a juncture where restraint may have just left town. Not only have we, in our misguided wisdom, dismantled morality, civility and even law, but on both sides of the aisle the watchword is: power by any means necessary.

 
 
Comment by Mr. Banker
2016-07-24 09:26:05

Bahahahahahaha … parents spend some very big bucks to send their offspring pukes to Brown University and this is what they get in return …

https://www.youtube.com/watch?v=x5uaVFfX3AQ

(a thirteen minute video)

Comment by phony scandals
2016-07-24 10:31:18

“weaponized victimhood” :)

 
Comment by MightyMike
2016-07-24 10:54:42

You’re just jealous, Mr. Banker, because you never finished high school.

Comment by Raymond K Hessel
2016-07-24 12:52:16

Irrelevant.

 
 
 
Comment by Raymond K Hessel
2016-07-24 09:32:33

The USA and Hillary in the post-Rule of Law era.

http://usawatchdog.com/us-clinton-beyond-the-law-catherine-austin-fitts/

Comment by Raymond K Hessel
2016-07-24 09:50:42

Financial expert and former Assistant Secretary of Housing, Catherine Austin Fitts, says the U.S. government’s actions with Hillary Clinton means it is more lawless than ever. Fitts explains, “The entire country now looks like Arkansas . . . we’ve all turned into Mena, Arkansas, now. It’s pretty tragic. I have watched for two decades while 80% of the federal budget and federal credit has been run outside the Constitution and the laws related to financial management. I have never seen anything as blatant and outrageous as Loretta Lynch, prior to Hillary Clinton’s interview with the FBI, meeting with her disbarred husband, who is either the husband of or the target of a criminal investigation, and basically briefing him, I am assuming and what I believe on what Hillary needs to know, so she can skate the (FBI) interview. What the President, Lynch and Comey don’t want is the investigative team recommending to indict. . . . If you know anything about civil or criminal procedures, this is so beyond the law. This is so over the top that I have never seen anything more outrageous. It’s beginning to look like Mena, Arkansas, during the Mena drug running.”

Fitts says the corrupt way they handled Ms. Clinton is how they are handling the business of the federal government. Fitts contends, “We know the entire financial infrastructure of the government has been run as a criminal enterprise for quite some time. The government engineered the pump and dump housing market. The government was the one that let JP Morgan Chase skate on Madoff and many, many other situations. Yes, the government is being run outside of the laws related to money. That requires a double standard and a parallel universe between what you say you are doing and what you are really doing. The actual governance system is different than what the official story is, and that is the problem that you are seeing in every administration since the death of (President) Kennedy. Kennedy wasn’t doing what ‘Mr. Global’ wanted, so he was assassinated. . . . This is now a very, very deep problem. We are financially dependent on organized crime cash flows as an economy. The citizens are going to have to make up their mind if are they going to tolerate this level of corruption or not.”

Comment by TheFabulousMoolah
2016-07-24 11:03:22

Mena, Arkansas ….. Now there’s a name I haven’t heard in a very long time.

Comment by Raymond K Hessel
2016-07-24 12:53:19

Had we been a nation of laws, then or now, Bill and Hillary would both be doing hard time in a federal pound-me-in-the-a$$ prison.

(Comments wont nest below this level)
 
 
 
 
Comment by Raymond K Hessel
2016-07-24 09:34:02

Another one of Merkel’s Marauders runs amok. How’s that globalism you voted for working out for ya, Fritz and Ingrid?

http://www.zerohedge.com/news/2016-07-24/one-dead-two-injured-after-man-machete-attacks-group-southern-german-city

 
 
Comment by phony scandals
2016-07-24 09:44:54

‘Angel Moms’ Who Lost Children to Illegal Alien Crimes to Hold Event at Wall Surrounding Paul Ryan’s Home

by Julia Hahn
22 Jul 2016

JANESVILLE, WI– On Saturday, American mothers who have buried their children as a result of illegal alien crime will be holding a press conference in front of Paul Ryan’s personal border wall that protects his family and his estate.

These “angel moms” say that Ryan has ignored the American families that have been torn apart by open borders for too long.

The press event is being organized by both the Remembrance Project—a non-profit that represents the victims of illegal alien crime and advocates for border security— and Wisconsin businessman, Paul Nehlen, who is running to unseat Ryan in Wisconsin’s August 9th primary.

Nehlen, who has been endorsed by several of the victims, has made Ryan’s support for open borders immigration policies a central focus of his campaign.

Nehlen has said that while Ryan protects his family and his home with a border wall, Ryan has denied the American people those same protections.

Last year, Ryan’s omnibus spending bill failed to provide funding for the completion of the 700 mile double-layer border fence that Congress promised the American public a decade ago. Earlier this month, Ryan would not commit to bringing up legislation to fund a wall along the southern border to protect America’s families– even as he was defending his use of his own personal border wall.

Ryan said that his border wall is a good idea for his family because he has “three dogs and three kids.”

 
Comment by Raymond K Hessel
2016-07-24 09:48:00

Chicago’s “shot in the junk-o-meter” tracks Chicago’s descent into dystopia after decades of corrupt, incompentent Democrat maladministration.

http://heyjackass.com

 
 
Comment by Raymond K Hessel
2016-07-24 10:01:17

Anyone who votes for collectivist kleptocracies - be they Venezuelan socialist or ‘Muricans voting for Democrats - should be barred from leaving the hellholes they are culpable for creating.

https://www.yahoo.com/news/venezuelans-fleeing-crisis-flood-colombia-un-185006307.html

 
Comment by azdude
2016-07-24 10:03:19

the short sellers and the central banks are the only buyers left.

 
Comment by Raymond K Hessel
2016-07-24 10:26:45

Debbie Wasserman-Schultz served with lawsuit for rigging Democrat primaries. Of course the Comrades of Proven Worth and their oligarch backers are literally above the law, so this lawsuit will go nowhere.

http://observer.com/2016/06/debbie-wasserman-schultz-served-class-action-lawsuit-for-rigging-primaries/

Comment by phony scandals
2016-07-24 13:16:59

By Douglas Ernst - The Washington Times - Saturday, July 23, 2016

The treasure trove of Democratic National Committee emails released by Wikileaks on Friday include evidence of Chairwoman Debbie Wasserman Schultz demanding an end to negative “Morning Joe” coverage.

An angry email sent to “Meet the Press” host Chuck Todd by Mrs. Wasserman Schultz demanded negative coverage by MSNBC’s Mika Brzezinski “must stop.”

Mr. Todd told Mediaite on Friday that Mrs. Wasserman Schultz’s email was a nonissue.

Comment by junior_bastiat
2016-07-24 16:59:25

Gots to admit, the timing on this release is awesome. Phillie is going to feel like Nagasaki with all the fall out. I hope many of the oligarch funded media pukes end up incinerated as well.

 
 
 
Comment by phony scandals
2016-07-24 11:37:18

Leaked Emails Show DNC Officials Planned Anti-Trump Protests

The release of Democratic National Committee emails by WikiLeaks Friday reveals that DNC officials planned anti-Donald Trump protests.

Daily Caller - July 24, 2016 131 Comments

The release of Democratic National Committee emails by WikiLeaks Friday reveals that DNC officials planned anti-Donald Trump protests.

In multiple emails DNC officials sign off and acknowledge the existence of two anti-Donald Trump protests in South Bend, IN. and Billings, MT. The release of nearly 20,000 emails is the first in a WikiLeaks “Hillary Leaks” series. (RELATED: Leaked Emails Show DNC Officials Constructing Anti-Bernie Narrative)

On April 29, a DNC press staffer, Rachel Palermo, alerted Eric Walker, deputy communications director, about a Facebook page for an anti-Trump protest on May 2 in South Bend. “Whoo! Thanks to our interns for finding this out.” Walker replies, “I like it, as long as the students feel safe getting involved. I imagine this demo will be nicer than the one in San Fran today.”

That day in San Francisco protesters blocked off roads to an event Donald Trump was hosting. The Republican nominee ended up having jump down from the highway and to sneak around back to enter.

 
Comment by Professor Bear
2016-07-24 11:45:45

Welcome to the Donald Trump show, where humour and God are nowhere to be found
Tim Stanley
24 July 2016 • 4:42pm
Trump
‘The speech itself was remarkable for its lack of humour, its refusal to say anything nice about his opponent at all’
Credit: afp

“I am your voice,” said Donald Trump in his acceptance speech on Thursday night – shouting, as he always does. The convention roared with approval. In the modern Republican Party, everyone shouts at each other. It feels like a meeting of the hard of hearing.

There was a time when the Republicans were softly spoken. They were the party of George W Bush and Mitt Romney – both of whom boycotted the convention – public servants motivated by a love of God and faith in the free market. But something has changed. Trump has remade the Republicans in his own image. He even insisted on speaking from a lectern in Trump Organisation colours of black and gold. And his candidacy has indeed become the voice of millions desperate for their own shot at greatness.

Yet this new style Republicanism will repel as many as it will attract, hardening this election into a choice between who you hate the least: Hillary or Donald? It’s a question to which the answer is surely: “Pass.”

Comment by Professor Bear
2016-07-24 12:06:50

“I am your voice,”

Big Brother wants you to vote your conscience!

Comment by Raymond K Hessel
2016-07-24 13:04:59

F*** off, PB. The current oligarch-captured Republicrat Duopoly speaks only for the plutocrats and their bootlickers like you. Maybe Trump is a flim-flam man, or maybe, just maybe, he means what he says. Time will tell. But ordinary people have ZERO voice in the system, and yearn for someone to speak for them. Better to take a chance with The Donald, than vote for a criminal sociopath that is the embodiment of the corrupt status quo.

Comment by Professor Bear
2016-07-24 15:22:53

“F*** off, PB.”

Profanity shows a lack of vocsbulary. But fits of rage are perfectly acceptable behavior for Trump’s faithful followers.

(Comments wont nest below this level)
Comment by FED Up
2016-07-28 11:57:27

“Payne wasn’t surprised at the outburst. “You heard so much foul language” in the Clinton White House, he said. “When you’re somebody’s domestic, you know what’s going on.””

Read more: http://www.politico.com/magazine/story/2015/04/clinton-white-house-the-residence-excerpt-116706#ixzz4FjOljcRH
Follow us: @politico on Twitter | Politico on Facebook

 
 
 
 
Comment by TheFabulousMoolah
2016-07-24 12:27:35

The trend is his friend, he’s gaining, and now the email dump. Hahahhaha, I guess Ben is fine with you again being out of your cage and constantly melting down about Trump. I love it. You are so duped by the racial group identity crew you work and hang out with.

Comment by Professor Bear
2016-07-24 15:57:26

I’m missing the friendly trend due to the widening gap depicted in this graph. But don’t worry…reliable sources on the HBB tell me it’s rigged!

 
 
 
Comment by Professor Bear
2016-07-24 12:15:12

United States
The Republican convention
Donning the mantle
Amid chaos and rancour, Donald Trump was confirmed as the Republican nominee
Jul 23rd 2016 | CLEVELAND

Proceedings at the Quicken Loans Arena plunged between perplexing inanity (to which the celebrities did contribute), shambles, and sometimes rowdy conflict among the almost 2,500 Republican delegates gathered to nominate Mr Trump. Little went according to plan. Entertainment aside, Mr Trump needed three things from the convention. He needed to impose a measure of unity on his divided party. He needed to project a sense that he is qualified to be president—which almost 60% of Americans doubt. And he needed to appear more likeable—especially to the third of Republican voters who dislike him. On these criteria, the convention looks to have been a crashing failure.

Comment by Professor Bear
2016-07-24 12:33:17

Did Hillary Clinton somehow suck the oxygen away from Trump’s chance to define himself as a serious candidate?

…the most enduring moment of this convention may prove to be from Day Two. It was supposed to be dedicated to the economy; “Make America work again” was its theme. Yet, in the absence of almost any talk onstage of jobs, business or Mr Trump’s economic plans, such as they are, the crowd began chanting a more appropriate slogan: “Lock her up! Lock her up!”

Hatred of Hillary Clinton, whom Mr Trump says is undeserving of her liberty, never mind the presidency, was the leitmotif in Cleveland. The word “Hillary” was spoken disdainfully onstage that day more often than “Trump” or “America”, and four times more often than “economy”. Almost all Mr Trump’s headline speakers joined the attack on his Democratic rival. The grieving mother of one of the four Americans killed by militants in Benghazi in 2012 blamed Mrs Clinton for their deaths—an allegation rubbished by nine official investigations so far. Scott Baio, a television actor in 1980s sitcoms, defended a tweet in which he labelled Mrs Clinton a “cunt”. Ben Carson, another former opponent of Mr Trump’s, suggested a possible link between the former First Lady and Satanism. The Republicans, their convention has confirmed, are irredeemably divided behind an unloved candidate whose platform and organisation appear unfit for the coming campaign. Rallying in detestation of his opponent is their only hope.

Comment by Raymond K Hessel
2016-07-24 12:56:44

Professor Bear, the oligarch MSM’s self-annointed Little Helper on the HBB. How adorable. Oligarchs, give your boy a dog treat.

Comment by Professor Bear
2016-07-24 15:25:58

“… or maybe, just maybe, he means what he says.”

Maybe, just maybe, you are among Trump’s dupes. Try not to foam at the mouth over it, though.

(Comments wont nest below this level)
 
Comment by TheFabulousMoolah
2016-07-24 16:14:04

I will guarantee you PB did not watch Trump’s speech at all. He’s just cutting and pasting to expose his ignorance.

(Comments wont nest below this level)
Comment by Professor Bear
2016-07-24 22:04:52

You are absolutely right that I did not watch the speech, or even turn on the TV once during the RNC Convention. If that makes me ignorant, then ignorance is bliss in this case!

 
 
 
 
 
Comment by azdude
2016-07-24 12:52:32

have u guys noticed the media mouth pieces are reporting non GAAP financials cause the GAAP numbers look like dog Sh@T?

Comment by Raymond K Hessel
2016-07-24 14:26:32

That’s been the case since 2008.

 
 
Comment by Raymond K Hessel
2016-07-24 13:00:15

Are all these Bernie supporters really so delusional that they don’t realize they’ve been played? And waving their silly little signs and punching their effette little fists into the air isn’t going to change the sleazy, corrupt DNC status quo one iota?

http://www.zerohedge.com/news/2016-07-24/meanwhile-dnc-philly

 
Comment by Raymond K Hessel
2016-07-24 13:06:17

Fundamental transformation comes to Germany. Hey lemmings, next time you vote for globalist tools, you might want to count the costs.

http://www.mirror.co.uk/news/world-news/germany-machete-attack-shocking-footage-8485670

 
Comment by phony scandals
2016-07-24 14:10:38

The best leaked email are yet to come…

Comment by Raymond K Hessel
2016-07-24 14:41:25

Let’s hope. Not that ‘Muricans care that Hillary is corrupt or the system is rigged.

 
 
Comment by Raymond K Hessel
 
Comment by Raymond K Hessel
2016-07-24 14:40:24

The oligarchs are lining up to endorse Hillary, Keeper of the Kleptocracy.

http://www.zerohedge.com/news/2016-07-24/billionaires-billary

 
Comment by Raymond K Hessel
2016-07-24 14:45:45
 
Comment by Raymond K Hessel
Comment by Professor Bear
2016-07-24 15:19:40

Dry cleaner effect trumps wealth effect…

 
 
Comment by Ben Jones
2016-07-24 16:40:24

‘The head of the Democratic Party resigned on Sunday amid a furor over embarrassing leaked emails, hoping to head off a growing rebellion by Bernie Sanders supporters on the eve of the convention to nominate Hillary Clinton for the White House.’

‘Carrying pitchforks meant to portray Clinton as the devil, hundreds of Sanders supporters took to the streets of Philadelphia earlier on Sunday to say they felt betrayed by the DNC.’

“It just validated everything we thought, everything we believed to be true, that this was completely rigged right from the beginning, and that you know it was really about what they were doing everything to set it up so she would win,” Sanders supporter Gwen Sperling said.’

Comment by junior_bastiat
2016-07-24 17:02:14

Trumps play for Sanders voters was another brilliant move in hindsight. I wonder if he got some tip off some time ago as to the content of these hacked emails? Its really uncanny.

Comment by Raymond K Hessel
2016-07-24 18:12:29

If he wanted Sanders votes he could’ve come up with a better choice than Pence. Even a moderate “blue dog” Democrat would have been better.

 
 
Comment by Raymond K Hessel
2016-07-24 17:26:41

Seriously? The Democrat Party has been corrupt to its core for decades. This is somehow a shock to the Bernie supporters?

 
Comment by Professor Bear
2016-07-24 22:48:17

At this juncture, I can see how Trump could trump Hillary. She has an awful load of baggage to carry across the finish line of the 2016 election.

The New York Post
As convention opens, Democrats face disarray on many fronts
By Daniel Halper, Marisa Schultz , and Bruce Golding
Published: July 24, 2016 9:36 p.m. ET
DNC chairwoman quits, Sanders supporters take to the streets
Reuters
Bernie Sanders supporters march through downtown Philadelphia on Sunday.

Chaos reigned Sunday ahead of the Democratic National Convention, as the party’s head was forced to quit, thousands of protesters took to the streets and delegates threatened a walk-out over Hillary Clinton’s vice-presidential pick.

On the eve of the four-day convention to nominate the county’s first female presidential candidate, Democratic National Committee Chairwoman Debbie Wasserman Schultz resigned in disgrace over the hack of emails that showed DNC staffers favoring Clinton over her then rival, Vermont Sen. Bernie Sanders.

Meanwhile, throngs of Sanders supporters marched and pounded on drums, chanting “Hell no, DNC — we won’t vote for Hillary” in the sweltering heat during the first in an expected series of protests in Philadelphia.

A leading Sanders supporter, Norman Solomon, also said a “vast majority” of the socialist’s delegates were considering turning their backs — or even walking out of the Wells Fargo Center — during Virginia Sen. Tim Kaine’s acceptance speech to run as Clinton’s second-in-command.

 
 
Comment by phony scandals
2016-07-25 08:50:14

Cankles is giving the worst speech I have ever heard.

 
Name (required)
E-mail (required - never shown publicly)
URI
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

Trackback responses to this post