One Verity May Have Collapsed
A report from Reuters on China. “Property speculators in China are looking for the next big thing beyond the country’s major cities. And they may have found it in the inland city of Changsha. ‘Prices have risen 2,000 yuan ($299.84) per square meter on average in the past two months. That’s almost a 30 percent rise from July,’ said Hu Yi, marketing manager at Central Courtyard, a residential project in Changsha targeting mid- to high-end buyers.”
“The sharp price rises in many cities are raising some uncomfortable memories of the last big run up in home values, which resulted in a property bust earlier this decade. China’s southern boomtown of Shenzhen, with tight land supply and a fast-growing tech industry, has led the rally for most of the year. But it lost its top slot in August to the second-tier city of Xiamen where prices were up more than 40 percent from a year earlier. Prices rose in 64 of 70 major cities from the previous month, the highest in two years, government data shows.”
“Despite claims by some property agents that the inventory of empty homes is dropping to record lows in Changsha, empty-looking apartment buildings are still a common sight. China Index Academy data shows there are 126,945 homes, or 13.46 million square meters, sitting empty in Changsha. For Zhang Liyang, a sales manager at Greenland Group’s HK.600606 Zhengzhou office, the price surge in the past few months came as a surprise, which meant missed opportunities as she was entitled to employee discount rates. ‘Even we didn’t expect the prices to go up this much,’ she said.”
The Telegraph on the UK. “Nine Elms has become the poster child of everything that is perceived to be wrong with the luxury central London property market, with the conversion of Battersea Power Station bearing the brunt of the crescendoing discontent. The main criticisms being fired from inside the industry are an oversupply of luxury homes flooding Zone One at a time of slowing demand. The project, which was approved in 2010, has cost its Malaysian backers £9bn.”
“Efforts are now being concentrated on selling the first half of phase three. Of the 500 units on offer, two-thirds have been sold. However, one industry expert is sceptical: ‘The sales figures could include buyers who put down a deposit [at the point of exchange] then abandoned the process after prices and yields in Zone One started to fall.’”
The Daily Telegraph in Australia. “Rents have been slashed by up to half in parts of Sydney as landlords fight for tenants who now have more homes to choose from. While property purchase prices continue to rise, rents have fallen — with the biggest drops in waterfront suburbs Tamarama, McMahons Point, Castlecrag and Haberfield. In those suburbs median weekly rents dropped by more than $200 over the past year, CoreLogic data shows. In Tamarama, median rents fell by 52 per cent — resulting in a stream of homes hitting the market at reduced prices.”
“The weaker conditions in these areas mirrored a wider slump in the Sydney rental market as a whole. Rents in most suburbs have failed to grow despite massive increases in property prices. CoreLogic research analyst Cameron Kusher said this was largely due to an increase in the supply of new housing, which gave tenants more choice. ‘Renters are now in a much better position to negotiate,’ he said. ‘As long as wages growth continues to stagnate, coupled with historically high levels of new dwelling construction and slowing population growth, landlords won’t have much scope to increase rents.’”
The Japan Times. “In Japan’s housing market, there has always been one verity: Certain parts of Tokyo will always be popular and, therefore, profitable for developers. However, according to various media reports, that verity may have collapsed, at least when it comes to new condominiums.”
“In its Sept. 17 issue, the weekly magazine Shukan Gendai ran a long report on real estate in Setagaya, which is probably the most desirable of all the city’s 23 wards. According to the article, the common wisdom is that ‘whatever is built in Setagaya can be easily sold,’ and that in the past, new condominium complexes would sell out as soon as they went on sale, well before construction even started. Developers, in fact, count on selling out since it gives them a financial guarantee to proceed with construction.”
“But in the last year there have been a number of new condominium buildings that have not sold out immediately. Even worse, there are unsold units even after people had started moving in. Of the 35 condominium complexes in Setagaya that opened to owners in July, 23 still have unsold units.”
“One real estate journalist told the magazine that in his 30 years of covering the housing market, it is the first time this has ever happened. He estimated that about 10 percent of all the new units in these buildings remain vacant. Consequently, the developer is desperately trying to sell these units while keeping a low profile, since other homeowners in the building could become angry if they discover the apartments are being sold at prices lower than what they paid.”
“It isn’t just Setagaya. Apparently, the tower condominium boom on the Tokyo waterfront is also on the wane. At the end of August the land ministry released its trimonthly Report on Market Trends of Land Use in Key Cities, which revealed that sales of new condominiums in the Tsukuda-Tsukishima area has dropped significantly since last year. The ministry theorizes that ‘higher income families have stopped buying condominiums for the purpose of asset investment.’”
“But prices should be dropping in Tokyo, since they’ve been abnormally high for years, at least as far as middle-class families are concerned. The rule of thumb when buying a home is to spend no more than four times your annual household income, but in the area within the Yamanote Line the average price for housing is 15 times the average Japanese salary. In eastern Tokyo it’s 10 times the average salary.”
“An employee for Mizuho Securities Research told Gendai that the number of unsold new units in Tokyo is close to the number in 2009, when a real estate mini-bubble burst. Similarly, the rash of unsold units means the Tokyo condo bubble has probably ended. So while it was surprising, given the price-to-salary ratio, that the bubble occurred in the first place, it shouldn’t be surprising that it is over.”
The Reuters and Japan Times articles are worth reading in full.
‘Rents have been slashed by up to half in parts of Sydney as landlords fight for tenants’
One has to wonder when the MSM will declare the global housing bubble has popped? I guess it’s hard to do when they largely haven’t acknowledged it exists. Except for China all of a sudden.
You can’t count on the MSM to take the lead on breaking stories that would anger their advertisers. They’ve essentially abdicated their role as a check on the power of authorities years ago.
Stories don’t get written now until it’s been clearly telegraphed that it’s OK to write them.
The project, which was approved in 2010, has cost its Malaysian backers £9bn
I’ll bet they thought it was a sure thing, shooting fish in a barrel.
7 years of Obama, and this is what you get:
http://m.gazette.com/tent-city-blossoms-as-completion-of-new-colorado-springs-homeless-shelter-races-cold-weather/article/1586896
I drove through Colorado Springs last weekend and there were alot of Trump signs. Alot. Much more than I’ve seen around Denver.
only a Member of Congress can introduce a bill (or “measure”) for consideration.
We have them right where we want them.
it’s worldwide
gat uncle sucker to “save” you
‘Gary Hart Reflects on Trump, Clinton, and How Politics Became a Media Sport’
‘you’ve written about the re-alignment of the Democratic and Republican parties. How do you see the shift?’
‘This kind of re-alignment tends to happen every 20 or 30 years. It certainly happened massively in the Franklin Roosevelt era. It happened in the Johnson-Nixon era when the South, which used to be Democratic, shifted on racial issues to the Republican Party. It is largely a result of changing economics or shifting demographics, the rise of movements, the disappearance of movements; nothing really stays static forever in terms of ideologies and coalitions.’
‘Both of our major parties in the United States are coalitions of one kind or another and the members of those groups that form those coalitions change. Whereas in some cases, people rise from poverty into the middle class, or from the middle class into wealth, they change their politics as they move. That is to say, if someone is prosperous and then suddenly—or not suddenly, but rather quickly, historically speaking—they lose that prosperity, their attitude toward politics and government changes. This happened to many blue-collar people in manufacturing jobs in the 1970s, 1980s, at the beginning of globalization.’
‘What’s fascinating is how, quite often, political leaders and those involved in managing political parties, fail to notice those shifts happening. I think that happened with the Democratic Party in the last 20 or 30 years in terms of the working-class base, which in many cases lost its economic income and became very angry at politics generally and traditional politics, in particular. And those people have been gravitating toward Donald Trump, who himself doesn’t represent any traditional Republican base that anyone can think of, but is simply opportunistic in putting together a Trump coalition.’
‘How has the Democratic Party changed, in particular, since you were seeking the presidential nomination?’
‘I was first elected to the Senate in 1974 and re-elected in 1980, and I began to realize that there were shifts, like tectonic plates under the surface, going on and it had to do with the beginning of globalization and the shift of the base of the economy from manufacturing to information. And with that shift, we began to see the Rust Belt, manufacturing states in the Midwest and the Northeast—Ohio, Pennsylvania, upstate New York, and other places—beginning to lose jobs, and communities beginning to decline. Whereas at the same time, you go to the West Coast and it was booming because of Silicon Valley.’
‘This was all beginning in the 1970s. Foreign competition was beginning. Nations, which we had defeated in World War II, just 30 years before, were now exporting to us—cars and tech, and all kinds of consumer goods, which we had previously, in recent years, dominated world markets. So I began to talk about it and think about what the implications of this were. In 1984, I placed a great deal of emphasis on the long-term impacts of these shifts.’
‘My principal competition in the Democratic primary, Vice President [Walter] Mondale, and I ended up dividing the country. I won 25 states and he won 25 states. No journalist to my knowledge ever tried to figure out if there was a pattern there, but there definitely was. I carried almost every state that was benefitting from world trade—the West Coast and other parts of the country—and he got the support of those areas in decline. So it was kind of an earthquake inside the Democratic Party as to who was winning and who was losing.’
‘How has this re-alignment affected the Clinton campaign?’
‘I don’t think she or those around her have fully understood the ground shaking that is going on under the Democratic Party. It’s more obviously under the Republican Party because of the rise of Trump and the kind of collapse of the Nixon-Reagan coalition. But the same, probably less visible, shaking has been going on under the structure of the Democratic Party.’
‘It all began, as I said, with the shift in the South from Democratic to Republican, but the labor movement has declined with global competition. Labor was, up until 20 or 30 years ago, a pillar of the Democratic Party, and now it is in sharp decline, unfortunately. It has gone along with globalization and jobs migrating offshore, American companies going abroad for manufacturing.’
‘In an essay on your blog, you noted that the Democratic Party has adopted “centrism” at the cost of principle. Can you elaborate?’
‘Much was made out of the Bill Clinton years in the 1990s, where he dismantled the Democratically constructed welfare system, partly justifiably and partly not. It was premised on a never-growing economy where single working women would find jobs and be able to support their children. And it worked for a few years until the collapse of the economy in the early 21st century. And then single women, who were not receiving public assistance, were not finding jobs, and I don’t think that the Clinton welfare reformers had thought through what would happen to poor working people. And many poor people are working people, not unemployed people. They want jobs. But when those jobs are not available, that’s then a kind of failure of that welfare reform.’
I’ve been saying it was like this; just a ever few decades shift in party alignment. Problem is, we’ve had both parties behind globalism. Globalism is the defining economic order of the past 30 years. It’s really the main thing to be changed, so in a climate of change, it will be challenged. The globalist establishment doesn’t like it and is throwing a tantrum. It’s as simple as that.
+1. Trump, for all his flaws, represents the closest thing to a serious challenge to the globalist status quo in recent memory. Yet because he’s indisputably flawed, purists like Sweet William, er, Bill, will de facto cast a vote for Hillary by voting for a joke like the Libertarian candidate, Gary Johnson, rather than taking advantage of a once-in-a-generation opportunity to give the crony capitalist status quo the middle finger they so richly deserve.
Actually that was Bernie.
“Tent city blossoms as completion of new Colorado Springs homeless shelter races cold weather”
But Lester Holt started the debate with…
“There are two economic realities in America today. There’s been a record six straight years of job growth and new census numbers show incomes have increased at a record rate after years of stagnation.”
September 26, 20168:48 PM ET
LESTER HOLT
I’m Lester Holt anchor of NBC nightly news I want to welcome you to the first presidential debate. The participants tonight are Donald Trump and Hillary Clinton.
So, let’s begin. We’re calling this opening segment achieving prosperity and central to that is jobs. There are two economic realities in America today. There’s been a record six straight years of job growth and new census numbers show incomes have increased at a record rate after years of stagnation. However, income inequality remains significant. And nearly half of Americans living paycheck to paycheck. Beginning with you, Secretary Clinton - why are you a better choice than your opponent to create the kinds of jobs that will put more money into the pockets of American workers?
http://www.npr.org/2016/09/26/495115346/fact-check-first-presidential-debate -
Trump is the champion of strong veterans.
Personally I don’t pay much attention to the rah-rah stuff. What’s behind it all is much more interesting. We’ve gone from globalism not even being discussed to it is really the core issue, manifested through policies like illegal immigration and trade. Ultimately, the nation state (America First, etc) versus globalism.
That’s very true, but the fact remains, in 2008 and 2012 95% of the ‘Murican electorate - or at least the minority that actually voted - bent over and grabbed their ankles for the status quo with their votes for Obama, McCain, Romney, and all the other Wall Street water carriers. Is the population any less stupid now than then? Some of us have our doubts.
“Is the population any less stupid now than then? Some of us have our doubts.”
Yep.
On that subject, I took a longer than usual walk around my neighborhood with my dog this weekend, to get a rough idea of how many people had placed political signs in their yards. While I saw a smattering of signs supporting state and local candidates, there was only one for President, a single Hillary sign.
I also looked for Presidential candidate bumper stickers, and saw none.
This was not the case in 2008 and 2012. A lot of people are playing it very close to the vest this time. For the record, my precinct went 60% for Romney in 2012.
“I also looked for Presidential candidate bumper stickers, and saw none.”
Common sense runs deep with those Deplorables.
Portland man says his car was vandalized because he supports Donald Trump
The Oregonian/OregonLive
By Eder Campuzano
on April 13, 2016 at 3:00 PM
A Southeast Portland man woke up Tuesday morning to find his car window smashed — and he’s got a hunch that the vandalism has something to do with the Donald Trump sticker on the bumper.
Cameron M. has had neighbors and strangers alike confront him over his decision to back the New York real estate developer for president. Cameron told KPTV that a neighbor screamed at him for putting up a Trump lawn sign, so he took it down.
He’s also had two bumper stickers on his car defaced.
And, back in August, he walked outside to find the driver’s side window broken. Nothing was stolen.
Cameron didn’t make much of it until the exact same thing happened this week.
That’s when he realized the Trump sticker on his rear bumper might be the root of the problem. But he says he’s not taking it down.
“I definitely know that there are a lot of people who don’t like Trump,” he told The Oregonian/OregonLive in a phone interview. “But I never thought there would be concerted efforts to damage somebody’s property for supporting him.”
It depends on where you live. Back in 1996, someone here tried to peel a “Clinton-Gore” bumper sticker off my car, but only succeeded in tearing off the “Gore” part.
Here in Portland, I’ve only seen one or two Hillary signs - which is very unusual. There were lots of Bernie signs leading up to the primary. And no one has stolen our Johnson sign - a first. We order multiples. The only other sign on our street for President is Johnson, though there are plenty of pro-new tax initiative signs.
‘Rents have been slashed by up to half in parts of Sydney as landlords fight for tenants’
Nothing wrong with that.
Bass Pro Shops is buying its rival Cabela’s for $5.5 billion!
wow!
$5.5 billion YellenBux seeking a funeral.
As reported by real journalists:
“Everyone on Twitter should feel safe expressing diverse opinions and beliefs,” the company said in a statement it sent me on Saturday. “But behavior that harasses, intimidates or uses fear to silence another person’s voice should have no place on our platform.”
In a letter to shareholders, Mr. Dorsey said the company was putting in place technology enabling it to more readily detect abusive accounts, make it easier for users to report them and even prevent them in the first place.
It’s all a bit tricky for a company founded with an absolutist ethos, once calling itself“the free speech wing of the free speech party.”
http://mobile.nytimes.com/2016/10/03/business/media/on-twitter-hate-speech-bounded-only-by-a-character-limit.html
Two observations from the field in Southern California:
1. A sign at Walmart: Layaway is BACK!
2. Bank of America Checking Account switches from No-Fee Checking to No-Fee Checking so long as account balance is never below $1,500.
“Bank of America Checking Account switches from No-Fee Checking to No-Fee Checking so long as account balance is never below $1,500.”
How about those Wells Fargo No-Check Feeing Accounts
Wells Fargo Opened a Couple Million Fake Accounts
Sep 9, 2016 6:30 AM EDT
By Matt Levine
http://www.bloomberg.com/view/articles/2016-09-09/wells-fargo-opened-a-couple-million-fake-accounts - 284k -
I have an account at Bank of America and recently received a notice that many services I formerly received for free are about to become fee services.
Anyone who has an account at a TBTF bank instead of a local credit union deserves to get reamed.
I also have a local credit union account.
Re Chinese real estate, it’s not just property prices that are in a bubble - rents per sq ft are at NYC levels in Shenzhen.
http://www.globalpropertyguide.com/Asia/China/Price-History
According to a 2016 GOBankingRates survey, 69% of Americans have less than $1,000 in their savings accounts.
What’s more, 34% have no savings at all.
Gotta love “new math.”
This can only mean 52% of Americans have more than $100,000 in their savings accounts.
New math has around for a very long time. It’s old now.
I posted above how Bank of America changed my No-Fee Checking Account to a No-Fee Checking Account so long as my balance is never below $1,500. The monthly fee is $12 so, using the old math, that comes to 9.6% annual interest.
I am no longer one of the 61% of Americans with more than $1,000 in their savings accounts because I had to close my savings account that had $1,500 in it earning $2 a year and put it into my checking account.
I guess that makes me one of the “34% of Americans that have no savings at all.”
IN a field one summer’s day a Grasshopper was hopping about, chirping and singing to its heart’s content. An Ant passed by, bearing along with great toil an ear of corn he was taking to the nest.
“Why not come and chat with me,” said the Grasshopper, “instead of toiling and moiling in that way?”
“I am helping to lay up food for the winter,” said the Ant, “and recommend you to do the same.”
“Why bother about winter?” said the Grasshopper; “we have got plenty of food at present.” But the Ant went on its way and continued its toil. When the winter came the Grasshopper had no food, and found itself dying of hunger, while it saw the ants distributing every day corn and grain from the stores they had collected in the summer. Then the Grasshopper knew:
“IT IS BEST TO PREPARE FOR THE DAYS OF NECESSITY.”
Also, every time I read or hear of the Tortoise and Hare. The Tortoise still wins.
I consider my IRA a saving account as is my gold under my bed.
u r an unsecured creditor buddy
I am no longer one of the 61% of Americans with more than $1,000 in their savings accounts because I had to close my savings account that had $1,500 in it earning $2 a year and put it into my checking account.
Same here. My stack of PMs is my savings account. I’m not playing the Fed’s rigged game.
Democrats have carefully inculcated a culture of sloth, irresponsibility and dependence on the strong supporting arm of Big Brother.
What did they spend all their money on?
Hope n’ change, Bitchez….
http://www.shtfplan.com/commodities/completely-unsustainable-obamacare-destroys-middle-class-rising-as-much-as-67-just-in-2017_10032016
Hmm…NY State Atty Gen orders Trump foundation to Cease Raising money in NY.
No less fraudulant than Hitlary.
I wonder how the worshippers here will do the spin?
The attorney general has got to be a Democrat. October is the optimal time to pull something like this out of the political bag of tricks.
Feels like 62% of the general population with a savings account do not associate as a member of either party.
The race to the bottom…. T is in the lead.
Too bad Jill never got any airtime.
I wonder how the worshippers here will do the spin?
Hey Bill, in your skewed Aspergian world-view, is everybody voting for Trump a “worshipper”? Or do you allow that some might view the truly ghastly Hillary Clinton and her Goldman Sachs handlers as an even worse alternative, and thus feel they have no choice but to vote for Trump if they are to signal their rejection of the crony capitalist status quo?
My aspergian world TRUMPS your retarded world
You never answered the question. You notice the Trump supporters in here never call you a Hillary worshipper, even though any vote cast for any candidate other than Trump, or not at all, is a de facto vote for the corrupt status quo.
’signal their rejection of the crony capitalist status quo’
I just want to see the Clinton’s and their new BFF the Bush gang get schlonged again.
Same here. I want to see the crony capitalist status quo get schlonged as hard as they’ve been driving it home to the middle and working classes in this once-great country.
Ever been to Cleveland, Akron, Youngstown, Canton, Mansfield, Toledo, Sandusky, Lorain, Massilon, Steubenburg, Portsmouth, Ironton, Chilicothe, Ashland, or any county in Ohio that doesn’t have an interstate highway running through it?
The New York Times and the Washington Post and CNN most certainly haven’t, unless when they’re writing another heroin article.
They’ve been writing a lot stories from the Ohio and other swing states recently.
Something odd is happening.
George W. Bush’s daughter attends Clinton fundraiser in Paris
By Dan Merica,
CNN
Updated 9:07 AM ET, Mon October 3, 2016
White Plains, New York (CNN)Barbara Bush, a daughter of former President George W. Bush and first lady Laura Bush, attended a Hillary Clinton fundraiser in Paris Saturday night, according a source familiar with the event.
Bush posed for a picture with Huma Abedin, the longtime Clinton aide who was hosting the fundraiser with Vogue editor-in-chief Anna Wintour.
Last month, former President George H.W. Bush told former Maryland Lt. Gov. Kathleen Kennedy Townsend that he intends to vote for Clinton, during a receiving line for board members of the bipartisan Points of Light Foundation. The remark was overheard by others in the room, and Kennedy Townsend, a member of America’s most famous Democratic political family, announced it on Facebook. CNN confirmed that the former president made the statement.
http://www.cnn.com/2016/10/02/politics/barbara-bush-hillary-clinton-fundraiser-huma-abedin/
Trump is the champion of Americans who reject the crony capitalist status quo.
A Trump Empire Built on Inside Connections and $885 Million in Tax Breaks
The way Donald J. Trump tells it, his first solo project as a real estate developer, the conversion of a faded railroad hotel on 42nd Street into the sleek, 30-story Grand Hyatt, was a triumph from the very beginning.
The hotel, Mr. Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day. Gross operating profits now exceed $30 million a year.”
But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.
The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit the 15 buildings at the core of his Manhattan real estate empire.
Since then, Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.
http://www.nytimes.com/2016/09/18/nyregion/donald-trump-tax-breaks-real-estate.html
So change the tax laws. That means uprooting crony capitalism in all its forms.
We need to cut taxes back to what they were when Calvin Coolidge was President and America was great.
If Trump did that, he’d be taking away an opportunity for his kids to make their own bundles through crony capitalism.
Mister we could use a man like Herbert Hoover again!
I dont like moochers and I dont like crony capitalists…now what?
Get back to work. That’s what.
Best speech I’ve seen him give:
https://www.youtube.com/watch?v=BCqjCZ288Ng
“Hey Bill, in your skewed Aspergian world-view, is everybody voting for Trump a “worshipper”? Or do you allow that some might view the truly ghastly Hillary Clinton and her Goldman Sachs handlers as an even worse alternative, and thus feel they have no choice but to vote for Trump if they are to signal their rejection of the crony capitalist status quo?”
+40 ……….Points of IQ that is.
Good article on the state of the nation:
http://investmentresearchdynamics.com/the-fall-of-the-house-of-fraud-and-peak-corruption
This is what 95% of the sheeple voted for.
where would stawks be without the FED?
you see a lot of trump signs where people actually have to produce something to make a living.
Have you been to such places? Where are they?
ABC: Always Be Winning
No trump signs near dc.go c workers 100% for no pay,regs etc
I’m voting for Jill Stein.
A wasted vote.
Alabama Teen Beaten Into Critical Condition After Posting ‘Blue Lives Matter’ [VIDEO]
Christian Datoc
1:27 PM 10/03/2016
A 17-year-old Alabama high school student is in critical condition after being assaulted this weekend.
According to Sylacauga Police Chief Kelley Johnson, Brian Ogle was assaulted in an Ace Hardware parking lot following Sylacauga High School’s homecoming game on Friday.
When authorities arrived on the scene, they discovered Ogle beaten and bleeding from the head.
He was airlifted to the University of Alabama Birmingham Hospital where tests revealed three skull fractures and trauma to his shoulder.
Ogle’s mother, Brandi Allen, told police she believes the assault occurred after he posted a pro-police message to Facebook.
“Instead of us planning for his 18th birthday, we’re here,” Allen told WBRC from the UAB Hospital on Sunday. “Why? Because he made a statement that he backs the blue? I’m still trying to understand how someone, no matter the color of their skin, can do this to another human being.”
Read more: http://dailycaller.com/2016/10/03/alabama-teen-beaten-into-critical-condition-after-posting-blue-lives-matter-video/#ixzz4M4knyiO3
Subprime auto loans are turning toxic. Nobody, and I mean nobody, could’ve seen this coming….
http://wolfstreet.com/2016/10/03/subprime-auto-loan-backed-securities-turn-toxic-delinquencies-losses-soar/
App makers trying to “disrupt” the RE mafia. Good luck with that.
http://wolfstreet.com/2016/10/03/app-maker-unicorn-compass-real-estate-tries-to-disrupt-residential-real-estate/
Streaming The Donald on C-SPAN from 3pm local time in Pueblo, he is speaking in Loveland, CO right now. Two speeches in one day. And Hillary can’t even make it down a flight a four steps (last Friday) without the Secret Service holding her arm.
She is so sick and weak she had to get dragged into a van last month (and dropped a shoe). My 88 year old aunt is more physically capable and energetic and active than this sad old horse with a broken leg that has outliven its usefulness.
https://www.c-span.org/video/?416273-1/donald-trump-campaigns-pueblo-colorado
#ZombieHillary
https://twitter.com/hashtag/zombiehillary
I think that #HillarysHealth has already come and gone as a meme. Things are speeding up this time around.
Hillaryous is unelectable.
Hillary can’t handle it, she’s not strong.
But…but…the permabulls on CNBC tell me Everything is Awesome!
http://www.zerohedge.com/news/2016-10-03/us-construction-spending-crashes-contraction-first-time-5-years
Donald Trump Is Handing a Windfall to Mexican Immigrant Families
Tough campaign rhetoric shakes up the currency market
As peso plunges, immigrants rush to reap the rewards
Mention the name Donald Trump to Gerardo Lozano, and it doesn’t take long for him to explode. “I can only imagine,” he says, the anger building in his voice, “what it will be like if he becomes president.”
Lozano, 58, short and wiry with thick glasses and a black-and-gray “TEXAS” ball cap, is an undocumented Mexican immigrant. For 15 years now, he’s worked in the U.S., the last two of them as a day laborer in Plano, just outside Dallas. He does a little roofing, some landscaping, plumbing, whatever comes his way. On a good day, he can pocket $150.
What Lozano doesn’t know about Trump’s candidacy is that, strangely enough, it has benefited him greatly. The value of those paychecks he earns, when converted into pesos and wired back home to his family in Mexico, is soaring. That’s because Trump’s harsh discourse toward Mexicans — build a huge wall, throw out all illegal immigrants, renegotiate NAFTA — has rattled markets and pushed the peso down against the dollar month after month.
Each dollar that Lozano ships across the border today provides his wife Maria with almost 20 pesos. In mid-2015, before Trump entered the race, each dollar fetched just over 15 pesos. The extra cash has helped Maria pay for all sorts of little luxuries: new blue jeans and skater-style sneakers for their 16-year-old son; and weeks-worth of supplies of beef, chicken and bars of soap. She’s even looking to salt away a little of the money so she can build a proper staircase to the second floor of their home in northern Mexico.
It all adds up to a mini-windfall for the Lozanos and countless other Mexican families spread out across both sides of the Rio Grande, and it is one of the great ironies of the 2016 presidential campaign. Donald Trump, the man whose improbable political rise was built largely on his pledge to crack down on illegal immigrants, is inadvertently assisting many of them.
Record Low
Data shows Mexicans are sending more dollars back home than they have in years, a surge explained in part by the rush to take advantage of the attractive exchange rate. What’s more, some experts even believe that more Mexicans could eventually be tempted to cross into the U.S. in search of work if the peso remains at these levels for months to come.
http://www.bloomberg.com/news/articles/2016-10-03/donald-trump-is-handing-a-windfall-to-mexican-immigrant-families
The peso’s sinking has more to do with Mexico’s inept leadership and less with Trump’s words/
Good. They’re going to need that money to pay for the wall.
“The extra cash has helped Maria pay for all sorts of little luxuries: new blue jeans and skater-style sneakers for their 16-year-old son; and weeks-worth of supplies of beef, chicken and bars of soap.”
BARS of soap for one week? ONE bar of soap will last me a MONTH.
These people are filthy.
Bars of soap under the bed is a savings account.
The PC police are out in force.
http://www.msn.com/en-us/news/us/atlanta-school-employee-fired-after-racist-facebook-post-about-michelle-obama/ar-BBwXGjI
Deplorable.
https://www.washingtonpost.com/news/the-fix/wp/2016/10/02/imagine-president-trump-another-conservative-paper-cant-endorses-first-democrat-since-1868/
Stay classy, San Diego.
“Stay classy, San Diego.”
Man in Trump Hat Is Beaten and Chased by San Diego Protesters Before Finding Safety With the Police
By Justin Green
5 days ago
http://ijr.com/2016/09/703773-man-in-trump-hat-is-beaten-and-chased-by-san-diego-protesters-before-finding-safety-with-the-police/ - 182k -
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