People Lose Because There Is No One Left To Pay
It’s Friday desk clearing time for this blogger. “Housing in major cities in China has seen price hikes over the last year that resemble the famous Dutch ‘Tulip Fever’ bubble of 1637, according to economic consultancy firm Longview Economics. ‘I think what’s going on in China is troubling … some of the valuations there are really quite extraordinary,’ Chris Watling, the CEO of Longview Economics, told CNBC. ‘We’ve double checked these numbers about seven times, because I found them quite hard to believe.’”
“The firm’s research found that only San Jose in the Silicon Valley is more expensive than Shenzhen. The Chinese city has seen prices rise 76 percent since the start of 2015, with the acceleration beginning in April 2015 as the country’s stock market was nearing its peak. The situation in Beijing and Shanghai is similar, albeit less extreme, the company states.”
“‘Housing in some of the tier 1 cities is more expensive than it is in London, which I think itself is on a bubble,’ Watling added. ‘The (stock) market exploded to the upside and then crashed dramatically. That money had to go somewhere, so it washed around the system … so a lot of it has gone into housing.’”
“An Arrowtown real estate agent has described the housing market as ‘extreme’ and unlike anything he has experienced in more than 20 years. Figures showed Arrowtown had, as of July, hit the $1million milestone of house values, up 20.8% on 12 months ago. The median for the village has now almost doubled in the five years. ‘Because there are so many flights … now, it’s a breeze. They’re getting bolt-holes … It’s driven by Auckland people, friends of friends [who say] `we bought a house, come and live in Arrowtown, come and buy one, too,’ said Richard Newman, of Ray White Real Estate.”
“Foreign buyers are leaving Vancouver en masse, instead heading to cities like Seattle and Toronto to invest in real estate, according to numbers provided to Global News from Chinese realty website Juwai. West Vancouver realtor Brent Eilers says he has witnessed a ‘dramatic drop.’ According to Eilers, he has a waterfront property currently listed that has seen a little interest from offshore buyers. Had it been listed in May, he said, buyers would be bidding at over the asking price. Now, they’re asking how much under the asking price they could get it for. ‘Foreign buyers are pissed off right now.’”
“Some real estate developers have dismissed assertions that the real estate industry may be experiencing a down turn over low purchases due to the high cost of properties. Though the General Manager for Devtraco Plus, Cyril Tay admits that there has been a decline in purchases, he rather attributes it to the impact from the global economic performance. ‘I don’t think there is a recession, I think there is a slowdown in the real estate market and there was a slowdown in the global economy; commodities like cocoa, gold and oil all took a hit and that translated into a slowdown everywhere including the emerging markets like Ghana,’ he explained.”
“The city with highest number of Mercedes, Audis, BMWs, Land Rovers and Jaguars has the biggest number of bank loan defaulters in the state as well. It is for the first time, the administration has gone ahead and made the names of banks defaulters public and directed the banks to take action against defaulters. The move has spread panic among industrialists as the list of defaulters includes some of the most reputed names of the city.”
“Due to recession and slump in the property market some of the big business houses have suffered major losses and defaulted with banks. ‘Instead of putting the loan amount into business, these bank defaulters are diversifying funds, buying new cars, planning tours abroad, spending the money on big fat weddings and building palatial houses. We forget that the default loan amount is the hard-earned money of common man,’ said Naresh Gaur, General Secretary of the All-India State Bank of Patiala Employees’ Federation.”
“Residential developers are offering discounts of up to Bt2.2 million per unit for homes located close to the Purple Line mass-transit rail route from Bang Sue to Bang Yai, in an attempt to reduce an estimated market oversupply of some 30,000 homes worth around Bt100 billion. AP (Thailand), for example, is offering free booking fee, free down payment, free furniture and free transfer fee - worth about Bt150,000 combined per unit - to buyers at the Aspire Rattanathibeth 2 condominium, where prices start at Bt1.7 million per unit.”
“‘The mortgage rejection rate was more than 50 per cent in the first nine months of the year for homes priced below Bt3 million per unit,’ a commercial-bank source said, adding that the banks had had to tighten their lending criteria due to the repayment-default risk posed by the rising number of individuals with a higher debt level than their earnings.”
“Are you on the property ladder? You might want to look again. That comforting metaphor of an aspirational route to economic security has come to dominate our thinking, but what if it wrongly describes the phenomenon? There has been a steady decrease in the number of first-time house buyers since 1980, with the biggest drop of 47% occurring from 2007 to 2008. It may be that the British housing market now resembles the classic pyramid scheme scam that rewards those at the top and punishes the fools who dive in too late or can’t dive in at all.”
“I’m certainly not the first to think of the housing market in this way. As journalist Gabby Hinsliff observed: ‘Rather like pyramid-selling scams, housing markets need a constant stream of fresh-faced hopefuls coming in at the bottom in order to keep delivering big returns at the top.’”
“So is this really true, and if it is, should we continue to tolerate such a mainstream social practice which seems to be so ethically dubious? The pyramid is driven by a top-down dynamic. Those at the lowest level try to recoup what they paid to become members by making a profit off those wishing to gain access to the scheme. Chronologically, those who come later have a greater risk of losing.”
“There is a second essential feature of pyramids: most people lose because there is no one left to pay the higher fee. In effect the market reaches saturation point. In housing, this happens because non-owners, who usually constitute the majority of the population, cannot find the means to make the high fee payments – in other words, a mortgage deposit and monthly payments. And this is where the ethically dubious nature of the scheme emerges.”
“In classic pyramids, the good or service being sold is not really important. With the housing market, the good in question is essential.”
“So why hasn’t the housing market caused the economy to break once and for all? Well it certainly came close in 2008, but our economic system seems flexible enough to make adjustments that keep us afloat. However, these adjustments are makeshift reactions to a system’s fundamental problems rather than a remedy. Why not fix the problems? Why not raze the pyramid that is the housing market? To do that would require a philosophical change: an appeal to understanding how land (and thus housing) constitutes a unique kind of primary good that cannot be subject to the same kinds of conventions as capital.”
‘Sometimes, it’s fun to just sit back and listen as billionaires pick apart the economy, politics and the markets. Hedge fund honchos Marc Lasry and Barry Sternlicht allowed the Delivering Alpha crowd just that luxury Tuesday, as they tackled those topics and a host of others with “Power Lunch’s” Michelle Caruso-Cabrera. Here’s the full transcript.’
‘Sternlicht:…I thought we should have gone into recession in the second quarter. I was surprised we grew at all given investment spending. The government by the way picked up their spending by like 50 percent. So the government is only a quarter of consumer and business spending. The consumer, we own about 30 malls, we have about 90,000 apartments and probably .. I don’t even know, maybe thousands of hotels. The economy is not actually bad in the light of all that is going on. And the question is that who is elected..and we will get there later I presume…actually under the new regime, whatever that is..will they feel..well let’s say the House is split and the Senate and the presidency. Or with split parties and no party dominates anything and we are still stuck, will that money come out of the mattress? I was telling you that the under belly of this economy and the part that missed the recovery, and is roaring ahead and people are not paying any attention to is the residential sector. Which has been part of every recovery in history and it is not participated in this recovery. The residential markets are really good from apartment — the best apartment market I have ever seen in my life and anyone has ever seen in their lives because of the propensity of the people renting versus those that buy. The millennials generation are a sharing generation. They want to be in cities and they don’t want to be in suburbia. They want to get married later. There are fundamental changes to the demographics of this country, which are changing consumer behavior. It is really playing out in the rental markets. They’re the highest or the lowest vacancy in history and the rental growth is — our 90 thousand units grew 6 percent in same store sales growth in the first quarter, second quarter and 10 percent OI growth. That is better than anything you see in most companies in this climate, right? By the way New York City is a disaster, San Francisco is weak in the rents.’
‘Caruso-Cabrera: Define disaster.’
‘Sternlicht: The rents are probably down 15 percent in the high end. Most of what is getting built by institutions, for the lack of — is high end stuff.’
‘Caruso-Cabrera: So, a $20,000 apartment’s only 18?’
‘Sternlicht: No, no, not that high end. But my son live in an apartment in the city and his rent is down 20 percent year over year.’
‘Caruso-Cabrera: They lowered his rent?’
‘Sternlicht: Yeah.’
‘Caruso-Cabrera: In the same place, didn’t have to move?’
‘Sternlicht: Didn’t have to move. So, New York City is weak. Actually there is just too much building coming up on the high end. San Francisco is getting a little overbuilt. Our assets are in Seattle, Denver, South Florida. Dallas is kicking ass. Atlanta is amazing.’
‘The government by the way picked up their spending by like 50 percent.’
And just before an election…
Gubment does that all the presidential election years. Why should this election year make you upset in particular?
Where’s the “upset”? I don’t see any “upset”. Just a reporting of what’s happening.
What went wrong for George W. Bush in 2008? The recession on his watch began in December 2007 and reached full-blown financial panic by fall 2008.
The Fed fraudsters have been executing engineered boom-bust cycles roughly every eight years as the most efficient means of transferring the wealth of the middle and working classes to their oligarch patrons. The next crash is due any day now.
Obama told Busch to leave the money in a bag on his desk on his way out.
+19 trillion. Funny
“The millennials generation are a sharing generation.”
Yup, like sharing their parents’ house….
Or sharing a bottle in a brown paper bag as they contemplete their idiocy in voting for “Hope and Change Goldman Sachs Can Believe In.”
Sternlicht’s fund bought 90,000 apartments with investors’ money yet his son is renting? Very interesting what these “hedge fund honchos” say vs. what they and their families do.
Just because you are rich doesn’t mean you let your kids live the life of Paris Hilton. Sternlicht is 55 years old, it’s likely that his kids are in their 20s.
I saw an article that his kids went to Brown, Dartmouth, and Stanford (ie. they went to school, not the red carpet)…It’s very possible that they *gasp* have jobs, are early in their careers, and are renting, because their dad didn’t give them money to buy a house.
63 acre island for sale off the coast of Darien, Connecticut.
http://www.wsj.com/articles/connecticuts-great-island-seeks-a-record-175-million-1473952787
“A Connecticut island going on the market for the first time in over a century is shooting for the moon: If it sells for anywhere near its asking price of $175 million, it could set a new record for most expensive residential property in the country, real estate veterans said.”
That’s a David Ogilvy tactic. Starting price in the stratosphere, just to get everyone’s attention.
Unfortunately, it’s in Connecticut and the taxes would be astronomical. As some of the commenters speculate, it will likely end up in the hands of a developer and carved up into “custom” home sites.
Just checked stats on SJ house an extended family member bought. Sold in 2014 for $500K and they bought for $750K. It was built in 1958, a 3/1 960 square ft. house. Young first time buyers.
That same house in Fresno would be way overvalued at $130,000.
And in San Francisco it would be $1,500,000!
“…and they bought for $750K.”
They’ll be “house-poor” for a few years before mailing-in the keys.
“Young first time buyers.”
Another young family phuc’d by NAR.
“Housing in major cities in China has seen price hikes over the last year that resemble the famous Dutch ‘Tulip Fever’ bubble of 1637, according to economic consultancy firm Longview Economics. ‘I think what’s going on in China is troubling … some of the valuations there are really quite extraordinary,’ Chris Watling, the CEO of Longview Economics, told CNBC. ‘We’ve double checked these numbers about seven times, because I found them quite hard to believe.’”
No bubble here. LMFAO!
Hasn’t the Chinese Politburo tried to prick this bubble, I don’t know, like a hundred times? And if a dictatorship is too frightened of consequences to follow through, democratically-elected political leadership has near-zero chance of doing it.
We won’t leave this path voluntarily. But we will be leaving it.
I was reading an article about this the other day. The writer took them to task for never quite letting the bubble pop, just reflating it again and again. (This works in areas with out massive oversupply of course). And the people are apparently eager to jump into bubble after bubble; stocks, commodities, back to housing, etc. I stopped following it very closely because the government clamped down on reporting and when they got to a garlic bubble I found it all kinda silly.
They’re selling Hope.
Money for nothing, buy this thing, sell it for more later, magic!
People are suckers for Hope.
“‘The (stock) market exploded to the upside and then crashed dramatically. That money had to go somewhere, so it washed around the system … so a lot of it has gone into housing.’”
It’s not like money from falling stock valuations was shooting out the end of a hose from the exchange building.
How can money that went POOF go anywhere except POOF? Makes no sense whatever…
Exactly. Great point.
New money was created, in part by the appreciation of real estate.
‘Foreign buyers are pissed off right now.’
Cry me a river while these greater fools have their asses handed to them.
“Coloradans earned more money last year and continued to escape poverty in a significant way, but they also paid out much more in rent, according to an update Thursday from the U.S. Census Bureau.
Since 2007, the median monthly rent in Colorado is up 41 percent, but the median household income to cover that rent is up only 15.8 percent.”
http://www.denverpost.com/2016/09/15/colorado-poverty-jobs-incomes-rising-in-colorado-rental-market/
An epic trolling. The MSM is most displeased:
http://dailycaller.com/2016/09/16/media-outraged-after-trump-tricks-them-to-cover-endorsements-from-military-heroes/
In an age where ignorance and stupidity have become almost universal, it is incredibly uplifting to see the Fed’s Facebook page being massively trolled by the awake and aware.
https://m.facebook.com/story.php?story_fbid=1072300072847984&id=1043592612385397&refid=17&_ft_=top_level_post_id.1072300072847984%3Atl_objid.1072300072847984%3Athid.1043592612385397%3A306061129499414%3A3%3A0%3A1472713199%3A-2656696189458760041
That was awesome. The lapdog media interrupted their leg-humping of Crooked Hillary thinking Trump would talk about the red-herring “birther” issue: instead he staged an event the MSM would have otherwise consigned to the memory hole. Hahahahaha!
And then he tosses off that Hillary started the birther issue and he put an end to it. Priceless!
The MSM heads exploded.
Trump’s new handlers are alot smarter than the old ones.
Rebekah Mercer, goddess.
It was awesome. They totally deserve it too. Especially after they were calling his wife a prostitute recently, and even more, after the autists found in the email dumps that *every single* MSM TV show are getting their marching orders straight from the DNC. (Except for Hannity and Dobbs IIRC). I think Greta bailed from Fox because her contract was up and she didn’t want any part of it anymore.
Every single one of those MSM people are basically employees of the DNC. They deserve the embarrassment and trolling they got today.
I don’t like Trump, but even I appreciate that maneuver. And the members of the media he duped deserve it.
And clearly it bothers some of them that former members of the military don’t support the warmongering neoconservative candidate. Oooh, departure from the script!
Somebody is going to get Arkancided over this.
If I was Robby Mook I would avoid the gym like the plague.
This guy better avoid gyms, nailguns, tall buildings, etc.
http://www.zerohedge.com/news/2016-09-16/chaffetz-destroys-stunned-fbi-official-and-serves-him-subpoena-during-testimony
Heh, if there’s one thing that makes the media squirm, especially the neocon wing of the media, it’s the military. If they could memory-hole the entire military and the veterans, they would, because it’s a constant reminder how the MSM was complicit in acts of treason, lying and propagandizing the country into war and various military actions overseas.
Also it reminds them that there’s always a possibility of a military takeover. In which case some members of the MSM might find themselves dealing with a bit of unpleasantness.
The Clinton News Network is foaming at the mouth at being Rick-Rolled.
http://www.breitbart.com/big-journalism/2016/09/16/birther-cnn-donald-trump-political-rick-roll/
kek
https://pepethefrogfaith.wordpress.com
When memes collide.
Pepe the frog defends his honor!
https://www.youtube.com/watch?v=A1EqkwHd1zI
Speaking of trolling, this gay Brit with a Muslim boyfriend and a Jewish grandmother seems to have all the MSM’s vapid talking heads’ panties in a twist. Isn’t that exactly what he set out to do?
http://www.breitbart.com/milo/2016/09/16/nbcs-katy-tur-accuses-milo-of-being-a-white-supremacist-icon/
Medical costs jumped by the most in 32 years. Wonder how much of the increase is due to people with health insurance being forced to cover the medical expenses of millions of illegals and the ever-growing FSA.
http://www.marketwatch.com/story/inflation-jumps-02-in-august-cpi-shows-2016-09-16
What we need is an excise tax on inflated hospital and medical bills.
I will say it again, the problem lies in the appraisers!
they must have changed the method of determining comparable properties, and ceased the adjustments.
When I was appraising 50 years ago, we inspected comparable property, made adjustments for the conditions and variations, and even adjusted for the terms of the sale, such as deduction of the cost of the financing beyond the interest rate of the loan
If the house was sold and the seller had to pay points for the loan amount, that amount was a subtraction from the sale price of the comp.
But , perhaps, the volume of sales has forced short cuts, or the belief is the price raises will always compensate for high appraisals
Hardest appraisals were always in the times of falling prices.
Barack Obama was born in the United States.
FYI
I have seem comments here referencing depreciation of homes, and I think that residences are not affected by depreciation.
I base that on the belief that if you are buying a home for residence for your family, the fact is that the home will never depreciate faster than your body will.
The only people who will benefit from appreciation or depreciation of a home is your heirs.
Your body isn’t worth $400,000. I think in California it’s worth $200,000 and in Texas it’s worth $28.
How much are municipal Democrat political machines paying vagrants and welfare recipients to vote straight D these days? A body is worth at least that much.
The Oligopoly political elites don’t seem to realize that calling people who oppose globalism and bankster swindles “nazis” or “far right” is a little played out.
http://www.telegraph.co.uk/news/2016/09/16/berlin-mayor-pleads-against-return-of-far-right-and-nazis-as-ant/
Correct. That comparison is being made all the time now, in way too many contexts. I take it as a sign of desperation.
Ironically, the one part of the world where the Nazi era is being recalled fondly is Ukraine. But bringing that fact up marks a person as non-serious.
WTF article of the day.
http://www.telegraph.co.uk/news/2016/09/16/american-commandos-forced-to-run-away-from-us-backed-syrian-rebe/
A travelogue to Panem on the Potomac.
http://www.theburningplatform.com/2016/09/16/travelogue-the-imperial-capital/
The Comrades of Proven Worth (D) must change the laws to make it legal for all billionaires, not just American oligarchs, to buy elections and candidates. Forward!
http://www.borderlandbeat.com/2016/09/mexican-billionaire-convicted-in_14.html
I love the smell of burning hedgies in the morning.
http://www.businessinsider.com/fbi-us-attorney-could-look-at-rothenberg-ventures-source-says-2016-9
Unwinding a Lie: Donald Trump and ‘Birtherism’
It was not true in 2011, when Donald J. Trump mischievously began to question President Obama’s birthplace aloud in television interviews. “I’m starting to think that he was not born here,” he said at the time.
It was not true in 2012, when he took to Twitter to declare that “an ‘extremely credible source’” had called his office to inform him that Mr. Obama’s birth certificate was “a fraud.”
It was not true in 2014, when Mr. Trump invited hackers to “please hack Obama’s college records (destroyed?) and check ‘place of birth.’”
It was never true, any of it. Mr. Obama’s citizenship was never in question. No credible evidence ever suggested otherwise.
Yet it took Mr. Trump five years of dodging, winking and joking to surrender, finally on Friday, to reality after a remarkable campaign of relentless deception that tried to undermine the legitimacy of the nation’s first black president.
In fact, it took Mr. Trump much longer than that: Mr. Obama released his short-form birth certificate from the Hawaii Department of Health in 2008. Most of the world moved on.
But not Mr. Trump.
He nurtured the conspiracy like a poisonous flower, watering and feeding it with an ardor that still baffles and embarrasses many around him.
Mr. Trump called up like-minded sowers of the same corrosive rumor, asking them for advice on how to take a falsehood and make it mainstream in 2011, as he weighed his own run for the White House.
“What can we do to get to the bottom of this?” Mr. Trump asked Joseph Farah, an author who has long labored on the fringes of political life. “What can we do to turn the tide?”
What he could do — and what he did do — was talk about it, uninhibitedly, on social media, where dark rumors flourish in 140-character bursts and, inevitably, find a home with those who have no need for facts and whose suspicions can never be allayed.
And he mused about it on television, where bright lights and sparse editing ensure that millions can hear falsehoods unchallenged by fact-checking.
“Why doesn’t he show his birth certificate?” Mr. Trump asked on ABC’s “The View.” “I want to see his birth certificate,” he told Fox News’s “On the Record.”
And so it went.
http://www.nytimes.com/2016/09/17/us/politics/donald-trump-obama-birther.html?mtrref=t.co&_r=0
It isn’t worth talking about any more.
It was never worth talking about. The whole “Kenyan Muslim” thing, in addition to being an unwarrented slur, was a red herring that distracted from the real issues.
“It isn’t worth talking about any more.”
No it’s not, but since Mighty brought it up…
Hillary Clinton Campaign Manager Admits 2008 Birther Link
by Joel B. Pollak16 Sep 2016
Patti Solis Doyle, who was Hillary Clinton’s campaign manager in 2008 until the Iowa caucuses, admitted on Friday that a Clinton campaign staffer had, in fact, circulated the Birther conspiracy theory that Barack Obama was born outside the U.S. and therefore potentially ineligible to serve in the presidency.
Doyle made the admission on Twitter, as she responded to former George W. Bush spokesman Ari Fleischer. Fleischer said that Clinton’s staff had spread the rumor. Doyle said that was a “lie” — but admitted, in the same tweet, that she had fired the “rogue” staffer who had used email to spread the Birther conspiracy theory.
Doyle appeared about an hour later on CNN with Wolf Blitzer to address the issue once again. She denied that Hillary Clinton had started the Birther theory — then admitted that someone in the Clinton campaign had, in fact, been involved. Here is part their exchange:
Blitzer: Someone supporting Hillary Clinton was trying to promote this so-called Birther issue? What happened?
Doyle: So we — absolutely, the campaign nor Hillary did not start the Birther movement, period, end of story there. There was a volunteer coordinator, I believe, in late 2007, I believe, in December, one of our volunteer coordinators in one of the counties in Iowa — I don’t recall whether they were an actual paid staffer, but they did forward an email that promoted the conspiracy.
Blitzer: The Birther conspiracy?
Doyle: Yeah, Hillary made the decision immediately to let that person go. We let that person go. And it was so, beyond the pale, Wolf, and so not worthy of the kind of campaign that certainly Hillary wanted to run.
Doyle went on to relate how she personally called Obama campaign manager David Plouffe to apologize, and he accepted. Blitzer then asked her about the Mark Penn memorandum, in which the campaign’s strategist proposed exploiting Obama’s “lack of American roots.” Doyle asserted, and Blitzer agreed, that the memo had nothing to do with Birtherism.
Earlier Friday morning, in a speech in Washington, D.C. largely devoted to veterans and military endorsements, Republican nominee Donald Trump briefly addressed the Birther issue:
Hillary Clinton and her campaign of 2008 started the Birther controversy. I finished it. I finished it. You know what I mean. President Barack Obama was born in the United States, period. Now we all want to get back to making America strong and great again. Thank you very much.
Journalists, furious that they had devoted nearly a half hour of coverage to Trump’s veterans event before he addressed the Birther issue they wished to press, asserted on several networks and platforms that Trump had falsely accused Clinton of starting the Birther controversy.
As Breitbart News has long documented, Hillary Clinton supporters were the original “Birthers,” and Obama himself muddied the waters by allowing his literary agent to claim for years that he had been “born in Kenya and raised in Indonesia.”
comments
AmsterdamExpat • 3 hours ago
Oops. Watch your back, Ms. Doyle. (Cf. Seth Rich)
Avatar
Dash Riprock AmsterdamExpat • 3 hours ago
You got that right…say hello to Vince Foster for me.
Avatar
shohio Silverballoon • 2 hours ago
Or commit suicide by shooting herself twice in the head….
Napoleon Trombonopart shohio • 2 hours ago
Ms Doyle , please avoid , sharp knives , any firearms , barbells , small planes , large planes, bathtubs, and definitely do not answer that invitation to Fort Marcy Park that you receive in the mail this week , nor walk in DC after dark.
Phony, this is the most import section of that interview:
Doyle: Yeah, Hillary made the decision immediately to let that person go. We let that person go. And it was so, beyond the pale, Wolf, and so not worthy of the kind of campaign that certainly Hillary wanted to run.
Trump went on about it for years, even claiming that he sent detectives to Hawaii who found some amazing information. Of course, he never said what that was.
But Patti Solis Doyle, admitted on Friday that a face-plant campaign staffer circulated the Birther conspiracy theory in 2008.
And you believe that part of what she said, but not the part about the staffer doing it on his or her own initiative and getting fired quickly.
You’re both wrong. The person who started the birther rumor was none other than Michelle Obama herself, before it was even a gleam in Clinton’s or Trump’s eye.
https://www.youtube.com/watch?v=sLzJz2A2N1c
So that settles it. Stop fighting now, you two.
And Joan Rivers said Obama is gay, NTTAWWT, and Michelle is transgender, NTTAWWT.
https://www.youtube.com/watch?v=2ttJyzEfDIE
And there you have it.
Mighty
This is all the Face-plant camp has.
I’m not the one you and the MSM need to get off the subject of convulsions, face-plant calling people “deplorable” and compulsive lying about her emails it’s the rest of the country.
You guys are amazing. The only solution is President Hillary.
She’s getting laughed at on a pretty grand scale in this part of Region IV.
Geez I was at work and didn’t know the Donald punked Hillary’s MSM today.
Now I see where your at Mighty.
Hillary plays hardball.
Plausible deniability is a highly desirable component of an operation which can have blowback.
Merkel booed at her own rally as the German sheeple who elected her are finding the globalism they voted for not to their liking.
http://www.breitbart.com/london/2016/09/16/merkel-booed-rally-vowing-fight-populist-alternative-germany/
Sightings of Democratic Party activists have proliferated in recent days. John Wayne Gacy, who when he wasn’t engaging in the abduction, sexual torture, and murder of young guys was a bigwig in the local Democrat Party and hired out as “Pogo the Clown” at children’s birthday parties, would surely approve.
http://www.independent.co.uk/news/world/americas/clown-sightings-us-spread-woods-luring-children-georgia-north-carolina-south-carolina-a7311606.html
Raymond: John Wayne Gacy killed one boy who would have been in my HS graduating class. The guy just stopped coming to class one day and noone knew what happened to him until years laster when JWG was caught.
The Comrades of Proven Worth in Sweden say the EU can absorb a million refugees a year. Embrace your fundamental transformation, Scandinavia!
https://www.yahoo.com/news/sweden-says-eu-capacity-million-refugees-153823628–business.html
The UN, unsurprisingly, is trying to tell German women how culturally tolerant they can be by wearing the hijab. The US provides 25% of the UN’s funding, so this is your tax dollars at work promoting fundamental transformation. Forward!
http://www.infowars.com/tv-ad-encourages-german-women-to-wear-hijabs/
One last followup to yesterday’s bit about the farmers. From today’s yahoo/reuters:
https://www.yahoo.com/news/bayer-66-billion-bet-farmers-back-linked-supplies-170328120–sector.html
“Bayer’s $66 billion purchase of Monsanto amounts to a long-term bet that farmers will grow to trust combinations of seeds and pesticides rather than continue to pick from ranges of separate products.”
–
They will grow to trust those new products because they will not be competitive without them. And those who don’t use those products will go bankrupt and get purchased by those who do.
–
“Monsanto CEO Hugh Grant agrees product bundles are the future, and said on Wednesday there was no longer any point developing new products with seeds and chemicals as separate businesses.
“Consolidation in the industry is a prerequisite to further investment in R&D,” he added.”
“But Bayer has said the main reason for buying the world’s biggest seeds company is to develop entirely new product combinations, such as weed killers and crops that resist them.”
–
Like it or not, major changes happening in our food supply. My only concern is selling out Monsanto to Bayer to begin with. Why not keep it a purely American company?
This part near the end of the article is pretty cool IMO.
“Complicating their quest for a new business model, Bayer and Monsanto have said digital services - a combination of data gathering, predictive software and precision farming gear - will have to serve as a “hub” in any product suite of farm supplies.”
–
It’s a little bit like… the Microsoft Office of farming. A whole suite of tools and services for farmers to optimize and maximize their operations. I don’t see anything inherently wrong with that, but who knows maybe there is some darker plan afoot. hehe.
One thing I tend to disagree with is this statement:
“Consolidation in the industry is a prerequisite to further investment in R&D,” he added.”
–
It may be true that consolidation is necessary for future growth, but I’m not sure consolidation is a prerequisite for R&D.
In my opinion, the best forms of R&D come from people who are hungry. Maybe “young and hungry”, but you can be old and wise and hungry too. (if you “know stuff” like a previous poster said). Hunger and thirst in the business world, even as a “low level tech worker” is not dependent on age, it’s about attitude and results. Younger people respect that too in my experience.
When I was a young tech worker, I soaked up as much as I could from the “old guys” while I could. Just because you’re “old” doesn’t mean you’re good. The best of the best, I soaked it in.
That whole article about being in your 40’s or 50’s and having to know what color some celebrity colored their hair is to get hired, is complete bullshit.
If you know your stuff as a 40 or 50-something, and you have passion and you have a good attitude, AND you know your tech — they will hire you in an instant.
But you have to know what you’re getting yourself into.
You join a startup at that age, expect to work 12 hours a day and not leave the office until 9pm at night or else you might get shunned — don’t complain about it, just don’t join.
There are *plenty* of other tech companies, even in the bay area, that are primarily employed by people in their later ages — who have kids, go to baseball practices and games, and do the 9-to-5 thing. If that’s you’re desired lifestyle, then that’s where you should apply. And there’s absolutely nothing wrong with that. Sometimes life has other priorities than the rigorous demands.
Different strokes for different folks. I just don’t think people in later stages of years should bitch about not being able to be employed because of the “young whiz-bangers excluding me.”
Maybe the problem with Globalism is a lack of innovation.
Democrats have controlled Chicago for the past 90 years. Naturally it is the most corrupt of all US cities, though the other Democrat-maladministered urban hellhole basket cases are intent on catching up (or down). Forward!
http://www.dailymail.co.uk/news/article-3793378/A-basket-case-city-famous-corruption-unemployment-violence-London-Mayor-Sadiq-Khan-hope-learn-visit-Chicago.html
But…but…freedom fighters!
http://www.independent.co.uk/news/world/middle-east/syria-war-us-special-forces-chased-town-rebels-free-syrian-army-a7311666.html
Will DB be the next Lehman?
http://wolfstreet.com/2016/09/16/deutsche-bank-unglued-again-co-co-bonds-shares-plunge/
“As rising rents squeeze young New Yorkers, the TV apartment has become grittier, dirtier and ever more cramped. You could almost say it is angry.
A generation ago, Carrie could whine about the size of a closet in a $2,800-a-month apartment in the episode where she goes apartment hunting after being threatened with eviction. “I pay $750 for something that’s twice the size!” she laments. The broker is unmoved. Carrie, of course, has what most New Yorkers could only dream about, then and now: a rent-controlled apartment.
Television has become smarter since then — viewers expect more rawness. Well, maybe they expect more truth. It just happens to be raw. But dig deeper and shows like “Broad City” and “Girls” tell a different coming-of-age story, one that is experienced in the shadow of the worst economic recession since the Great Depression.
The characters on these shows are part of a generation burdened by student loan debt and stagnating wages. Netflix’s “Unbreakable Kimmy Schmidt” doesn’t get a place with a Parisian-style balcony in the happening West Village. For her, there’s a grim garden apartment reached by a dicey set of steps in far Greenpoint, Brooklyn.
“Younger generations are having to face this reality,” said Lindsay T. Graham, a psychologist at the Center for the Built Environment at the University of California, Berkeley. “When you see shows where the characters are existing in these sorts of struggles, I think that that’s actually comforting.”
http://www.nytimes.com/2016/09/18/realestate/fictional-new-york-city-apartments-get-real.html
https://westernrifleshooters.files.wordpress.com/2016/09/img_1223.jpg
Which central bank-blown bubble will be the first to burst?
http://www.businessinsider.com/chinas-housing-market-is-going-nuts-again-2016-9
The Deplorables vs. The Deportables
http://townhall.com/columnists/wayneallynroot/2016/09/16/the-deplorables-vs-the-deportables-n2218707
What happens if “investors” stop buying US debt that the Fed is going to print away?
http://www.zerohedge.com/news/2016-09-16/foreign-central-banks-sell-record-343-billion-us-trasuries-last-year
“Ohio Gov. John Kasich today joined President Barack Obama’s effort to push Congress to approve a sweeping Pacific Rim trade deal that has appeared doomed for months. Kasich went so far as to meet with Obama at the White House, then address reporters there on the Trans Pacific Partnership.
In the grandiose building that Kasich not long ago hoped to occupy after the election, the governor pushed what he called the economic benefits of free trade, but he focused just as heavily on geopolitical and national security politics. China and Russia – repressive regimes that are not parties to the trade deal — are trying to gain leverage in the Pacific, Kasich said.
A failure of the United States to come to trade terms with such nations as Vietnam could give China and Russia leverage and cast a shadow on the United States’ ability to keep its commitments, Kasich said.”
http://www.cleveland.com/open/index.ssf/2016/09/ohio_gov_john_kasich_meets_pre.html#incart_river_home
Every Ohio blue collar worker who voted for this globalist deserves to have their job shipped to Mexico.
Pew Applauds United Kingdom’s Designation of Pitcairn Islands Marine Reserve
http://www.prnewswire.com/news-releases/pew-applauds-united-kingdoms-designation-of-pitcairn-islands-marine-reserve-300328429.html
Connect the dots - this is all about choking off China and its need for resources. Key Quotes:
The Pew Charitable Trusts joins the Pitcairn Island Council in praising Her Majesty’s government for today’s designation of 320,465 square miles (approximately 830,000 square kilometres) as a marine reserve in the remote waters surrounding the Pitcairn Islands in the South Pacific Ocean.
The U.K., the United States, New Zealand, Palau, and Chile all have announced creation of large, fully protected marine reserves in the past 18 months, a period in which more ocean has been set aside for protection than any other in history.
Don’t you hate how certain people like (Raymond) hijack the housing discussion with politics? If you want politics, go to Politico or your balanced and fair news source, Briebart (LOL). I’m here to read about the housing bubble. (Rant over).
Eat me.
Politics are intrinsically bound up with the housing bubble. The Fed (a creature of the oligarchy) has explicitly enabled the housing bubble with ZIRP and QE-to-Infinity.
“The Fed (a creature of the oligarchy) has explicitly enabled the housing bubble with ZIRP and QE-to-Infinity.”
–
I think the populace is just as guilty and complicit along with the Fed. We are like the heroin addicts and they are the dealer. We WANT the Fed to keep giving us the money. We will defend it to the death.
The Fed: “You want money?”
Us: “Yes!”
The Fed: “Okay, here ya go!”
Us: “Yes! More!”
The Fed: “OK! Here’s more!”
And more, and more, and more. The people are just as much to blame as the Fed is.
95% of the electorate voted for the crony capitalist status quo in 2008 and 2012. So I agree the sheeple are just as much to blame as the Fed.
I think it started in the 60’s, but I don’t know anything.
“Eat me”
Cut the cake!
Animal House (10/10) Movie CLIP - Enter the Deathmobile (1978 …
https://www.youtube.com/watch?v=pX71mALOPKs - 444k -
Download the free Joshua Tree extension. You can block any user and keep up with which comments are new. I downloaded it to block Ray Ray; it’s much faster than scrolling past.
Yes politics and housing are inexorably intertwined but this thread (and others) are going a bit to far into the partisan babble!
At last year’s Manatee Chamber of Commerce annual retreat, Croghan said he heard a presentation by the Manatee Young Professionals “about the plight and lack of millennial housing.”
“I got very, very interested in the subject, and it wasn’t long after that this building came up,” he said. “That’s why I’m here.”
Manatee County officials will now review the proposal, according to Joy Leggett-Murphy, property acquisition division manager.
“We don’t have a timeline,” she said.
After nearly 10 years of being vacant, the county initiated an “invitation to negotiate“ process in July for a long-term lease of the Judicial Center site, 1051 Manatee Ave. W., Bradenton. The building’s top floors still resemble what was once a jail — complete with individual jail cells.
“The vision is to redevelop the vacant jail building space into a usable space, which may include rental apartments or condominium apartments with mixed income housing, with a suggested marketing of 25 percent or more of the units to millennial population for the upper floors, with a potential commercial storefront space on the lower floors,” the proposal states.
http://www.bradenton.com/news/local/article102070467.html
Democrats suck.
Raymond, are you a comrade of proven worth in terms of being anti-Republicrat?
I am a proud comrade of Unproven Worth.
I am pro-good governance. Both parties have become practically indistinguishable in that they have been captured by billionaire donors and corporate interests. Both are inimical to the interests of the middle and working classes.
Well said, Ray.
Thank you. It’s a rather simple concept. Give us the kind of government my 9th grade civics teacher said we had, with checks and balances and all that good stuff.
UK House of Commons finds that globalist David Cameron was ultimately responsible for the collapse of Libya into anarchy and the rise of ISIS. Hillary would be the unindicted co-architect of this neocon fiasco.
http://www.msn.com/en-gb/news/uknews/david-cameron-ultimately-responsible-for-libya-collapse-and-the-rise-of-isis-commons-report-concludes/ar-AAiRkQX?ocid=spartandhp
Alan’s Psychedelic Breakfast.
toast, coffee, marmalade.
Empowering People to Build Better Futures for Themselves, Their Families,
:) 
:) and Their Communities
By President Bill Clinton Founder, Clinton Foundation; 42nd President of the United States
I am grateful to everyone in the U.S. and across the world who has been involved in our work, and especially grateful to Chelsea for her role in increasing scope and impact.
:) 
:)
https://www.clintonfoundation.org/blog/2016/08/22/empowering-people-build-better-futures-themselves-their-families-and-their - 62k -
Just 5.7 Percent Of Clinton Foundation Budget Actually Went To Charitable Grants
The Clinton Foundation spent a hair under $91.3 million in 2014, the organization’s IRS filings show. But less than $5.2 million of that went to charitable grants
Daily Caller - September 17, 2016
Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s IRS filings. The rest went to salaries and employee benefits, fundraising and “other expenses.”
The Clinton Foundation spent a hair under $91.3 million in 2014, the organization’s IRS filings show. But less than $5.2 million of that went to charitable grants.
That number pales in comparison to the $34.8 million the foundation spent on salaries, compensation and employee benefits.
Another $50.4 million was marked as “other expenses,” while the remaining almost $851K was marked as “professional fundraising expenses.”
Despite taking in an additional $30 million in 2014, the Clinton Foundation spent 40 percent less on charitable grants in 2014 than in 2013. Even as it slashed charitable spending, the foundation increased the amount spent on salaries, employee benefits and compensation by $5 million in 2014. The foundation also spent $5 million more “other expenses” in 2014.
JR Ewing: “Power isn’t something someone gives you. Power is something you take.”