Many People Already Have Abandoned Ship
A report from the Richmond Times Dispatch in Virginia. “A barrage of apartments have opened in the past couple of years in renovated old buildings and a smattering of newly constructed buildings in downtown Richmond. What the urban core hasn’t seen is many residential units for sale. That is changing — and bringing with it, an infusion of contemporary design. Developers are ready to move on One Shiplock, a luxury 15-unit, nine-story condominium development near Great Shiplock Park and Tobacco Row — as soon as they get a few buyers to commit.”
“One Shiplock will have condos as large as 4,000 square feet with some patios more than twice the size of some downtown studio apartments that are about 600 square feet each. The condos start at 2,375 square feet with prices ranging from $650,000 to $1.5 million. One Shiplock condos were first marketed in what the Realtor called the dead of summer. None have sold to date. However, research is being conducted to fine tune the marketing.”
The Advertiser in Louisiana. “Acadiana real estate agents are selling fewer homes for less money, according to the nine-month report from the REALTOR Association of Acadiana Multiple Listing Service. But new home sales have plummeted in Lafayette Parish by 17.32 percent in January through September this year, the report shows. While the market has shown decline, the drop off is from a record-setting home sales year in 2015. ‘The bottom line is that the impact of the slowdown in the oil and gas sector of our economy has impacted our housing market, particularly in Lafayette, Parish,’ said Bill Bacque, president of Van Eaton & Romero, in introducing the report.”
From Crain’s Chicago Business in Illinois. “Ten years ago this month, the developers of a striking modernist condo building in River North sold the 10th of its 11 units, to be followed the next month by the final sale in the building. A decade later, that one-bedroom unit on the fourth floor of 156 W. Superior St. is for sale. The seller is asking $399,900, or just $900 more than she paid for the condo in October 2006. Yet even that slim margin may be an ambitious profit to ask for; according to the S&P CoreLogic Case-Shiller index, Chicago condominiums are worth about 7 percent less than they were a decade ago.”
“In 2006, Chicago was at the beginning of what would turn out to be an epochal logjam of new condos. The year finished with about 2,500 left unsold, a figure that would triple the next year. But Ranquist Development Group, which built 156 W. Superior, sold all of its 11 units between March and November 2006. ‘We felt great about getting it all sold,’ Karen Ranquist, a Berkshire Hathaway HomeServices KoenigRubloff Realty Group agent, says today.”
The Omaha World-Herald in Nebraska. “Two years ago you would’ve been hard-pressed to find a home for sale in Sidney, Nebraska. The town of about 6,800, where Cabela’s employs 2,000, had more jobs than people to fill them. Houses sold fast. And the hometown outdoor retailing giant was pushing full-steam ahead on financing a new subdivision to meet demand for worker housing.”
“Now, in the wake of the company’s announced sale to Springfield, Missouri-based competitor Bass Pro Shops, construction on the subdivision has halted. And Sidney homeowners are facing a new reality: They may be stuck with nice homes that no one wants to buy. As one Cabela’s employee put it, the housing market has been ‘the only topic of conversation in my house for the past year.’”
“He purchased his home about a year and a half ago. Back then, he said, there were three houses for sale in the family’s price range. Now, using the same parameters, there are slightly more than 100 on the market. The employee, who asked not to be identified, expects to lose at least $80,000 on the investment in his home. ‘The issue isn’t the loss of money, although that is huge. It’s being able to ever sell the house at all, even if I’m offered a position at Bass Pro in Springfield,’ the employee said. ‘For the first time ever, we are considering having to walk away and absorb the foreclosure,’ he said. ‘Incredibly stressful.’”
“Many people already have abandoned ship and listed their homes. That puts downward pressure on all real estate prices, said Kevin Ross, managing partner at Asmus Brothers Realty in Scottsbluff. Even if a third of Cabela’s employees lose their jobs, it could devastate Sidney’s housing market, Ross said. ‘You take a town that size and put even 200 homes on the market, all at once, it’s going to have a terrible effect,’ he said. ‘Values are going to drop; there’s going to be no one to sell them to. That’s going to be a really, really tough market.’”
“The flood of homes already for sale is in stark contrast with what’s been a severe housing shortage in Sidney, which made hiring a challenge for Cabela’s over the years. In 2013 the company announced that it would develop a $350 million to $500 million project bringing more than 700 single-family homes in a new subdivision called The Ranch.”
“Today, The Ranch is more like a ghost town. About 80 lots are ready for construction, but only four houses are under construction. StoneCrest Construction of Fort Collins, Colorado, is nearing completion on those first four homes, but its president, Robert Millward, said he has little hope of selling them now. He said he might miss out on an estimated $1 million in sale value on the four homes. ‘We kept being told ‘We’re just restructuring, everything’s good,’ he said. Now he and his investors are angry. ‘To say that I feel misled would not be inaccurate.’”
Shoddily-built Chinese apartment buildings are collapsing. An apt metaphor for what’s coming to the Chinese housing bubble.
http://www.aljazeera.com/news/2016/10/multiple-building-collapses-china-kill-8-161010080834450.html
It seems like a given that a substantial percentage of the hastily, shoddily constructed Chinese high-rise apartment buildings that went up during the bubble years are destined to come back down over the next few decades.
They don’t look like modern construction to me. Brick and wood.
on every corner in Richmond is a drunk bama
racis
att milenials
a 2% reduction in roi form the stock market means u have to save 20% vs. 10% of previous generations to retire at age 67
wow, they’re boned
There’s a fair chance that stock market roi will increase to historic norms at some point over the future savings horizon for millennials. Try not to get caught long when this repricing of risk occurs.
The stock market is solely dependent on QE-to-Infinity and ZIRP, soon to be NIRP. At some point these swindles against the 99% are going to run into something called true price discovery, and the implosion of the Fed’s Ponzi markets and asset bubbles is going to be cataclysmic.
QE, i.e. excess liquidity won’t stave off price discovery. Pushing on a rope never makes a market or creates the buy side.
QE, i.e. excess liquidity won’t stave off price discovery.
It certainly appears to have done so up until now!
That would be called a counterfeit. QE simply destroyed a vibrant growing market of buyers and sellers.
‘Values are going to drop; there’s going to be no one to sell them to. That’s going to be a really, really tough market.’
Preview of the housing situation in the coming recession…
A letter to the editor:
‘Incumbent Congressman Scott Tipton’s YouTube campaign video is titled: “Gail Schwartz’s War on Coal devastated Delta.” At the end, there is a distant photo of three lonely concrete silos. They show how coal mine closings have “devastated” Delta County. ‘
‘While funeral music plays, Tipton’s video says: “Housing values in the area are falling.” In Paonia and Hotchkiss, where Delta County’s mining was concentrated, real estate is booming. People are coming here in part because Paonia is only the second town in Colorado to have gigabit-speed broadband.’
‘Delta County and its North Fork Valley have been hurt. You don’t lose 800 mining jobs and just shrug it off.’
I’d move to a place because of broadband - not.
“We’re going to put a lot of coal miners and coal companies out of business,”
– Hillary Clinton, 2016
Great news for the planet! Use NG or an alternative energy. We dont want to be as dirty as China.
I was in Paonia a few months ago, reminds me of Southeast Ohio.
I was in Southeast Ohio a few months ago. It reminds me of West Virginia.
‘Values are going to drop’
No. No, ‘value’ is about to go through the roof.
Seymour Hersh says Hillary approved sending sarin to Syrian “rebels” (aka jihadists).
http://www.strategic-culture.org/news/2016/04/28/seymour-hersh-hillary-approved-sending-libya-sarin-syrian-rebels.html
The unsustainable insanity of QE-to-Infinity.
http://www.zerohedge.com/news/2016-10-10/btfd-one-chart-shows-why-only-strategy-matters
The longer we go the worse thing get:low interest and neg interest rates
1. elderly pension savings used up and elderly join welfare programs.
2. pension plans and IRA accounts go to zero.
3. insurance plans go to zero.
4. housing price fall followed by falling tax revenues followed by city and
state bankruptcies.
Peddling fiction
The end has to start somewhere.
Just read about a retired fireman who drowned, apparently spearfishing. 63 years old - retired when he was 41!
Also an interesting story in the news about municipalities looking to tax non profits - particularly ivy league schools with fat endowments, but also hospitals. Guess the moneys gotta come from somewhere to retire in your 40s/50s. Shakedown is the new economic model of this country, thieves going after thieves, hope they all burn.
“Just read about a retired fireman who drowned, apparently spearfishing. 63 years old - retired when he was 41!”
Well, I guess he got his. If he’d been doing something useful and less parasitic, he might still be alive today.
In a way, most of working people are slaves, not bound by shackles but thought taxation to feed all those depend including officials, welfare riders. He freed himself long time ago to become a slave master, you suggest he stays a slave to live long.
He may have had a heart attack first. At least he went out doing something that he loved. We all gotta go somehow.
this is the only way to save pension system, if you retire at 41 you’d better be retired no other job or w2 or 1099’s…..otherwise you will get full pension at 65 or later
get involved w your local county taxpayer group-don’t think you’re immune because you rent
“1. elderly pension savings used up and elderly join welfare programs.
2. pension plans and IRA accounts go to zero.”
Got Alpo?
hmmm wonder when you’ll be able to buy alpo and friskies with food stamps….
Anyone stupid enough to buy a house or condo in the democrat controlled marxist corrupt bankrupt hell hole of Chicago deserved to have their head handed to them
. A decade later, that one-bedroom unit on the fourth floor of 156 W. Superior St. is for sale. The seller is asking $399,900, or just $900 more than she paid for the condo in October 2006.
+1000. Talk about foundations of sand. Houses and condos represent large, illiquid assets for wealth extraction for the collectivist kleptocrats (D) who have to keep the graft and patronage flowing for both their oligarch donors/owners and their ever-growing base of dependency voters. Forward!
“Now, in the wake of the company’s announced sale to Springfield, Missouri-based competitor Bass Pro Shops, construction on the subdivision has halted. And Sidney homeowners are facing a new reality: They may be stuck with nice homes that no one wants to buy. ”
My dad warned me in 1990 I shouldn’t buy. And he was a RE developer in the 1960s. Very sensible. The same thing happens to other people over the years but our stories are not heard. My colleagues know I am renting a small place, bring my own lunch to work, am a dedicated single, and drive an old car. Totally different from most of them. They don’t know that I have no debt and can retire in Arizona easily.
According to Hillary you are just a white privilege lucky number who is not paying their fair share…
Who exactly would be buying those homes in Sydney, Nebraska? Cabela’s workers? Sure, HQ is located there, but how many good paying jobs could it have generated?
It will be interesting if Cabela’s shoppers, who are a fiercely loyal bunch, will shop at Bass Pro, or if they will travel all the way to Sydney (like many do now) just to shop at the store there once the Bass Pro sign goes up. When I first learned that people would travel hundreds of miles to shop at the Cabela’s main store I was blown away.
I suspect that Cabela’s expanded too quickly and is having cash flow problems. They opened a new store not too long ago just north of Denver. Maybe customers realized that Cabela’s sells the same stuff as its competition and stopped being so loyal.
Anywho, as a city slicker I never understood the appeal.
‘The employee, who asked not to be identified, expects to lose at least $80,000 on the investment in his home. ‘The issue isn’t the loss of money, although that is huge. It’s being able to ever sell the house at all, even if I’m offered a position at Bass Pro in Springfield,’ the employee said. ‘For the first time ever, we are considering having to walk away and absorb the foreclosure’
Wait a minute. Jingle said there wouldn’t be foreclosures. Rental watch too. So here’s this average Joe who hasn’t even lost his job yet and he’s willing to bail instead of settle his debt at a loss.
The vast majority of foreclosures were related to when the purchase was made and were prime loans. People walk away when they see good money going after bad on their “investment”.
“even if I’m offered a position at Bass Pro in Springfield”
That’s what people seem to forget about these big LBO’s. When one business buys out a similar one, all they want is their book not their employees. How do you think the buy-out is paid for - with the cost cuts by downsizing staff, closing offices, reducing benefits, upping health care costs, etc. These things will happen. People who lionize corporate raiders like Icahn, etc. do not understand what they really do.
Joe here was paying attention. He saw there is no downside to walking away except for a credit ding. Heck, the government even dropped that to a couple of years. Moral hazard can rear it’s ugly head in more ways than one.
Looks like no 20% down here…
When you have no skin in the game and banks sell their mortgages to the taxpayers…
It is easy to walk awsy.
Longing to get in, a schlonging to get out. The other thing people seem to forget or flat out disregard is the fact the price is so out of wack as compared to historic norms.
Everyone bails on much smaller dollar amounts when push comes to shove. Who in their right mind would stay and commit many more dollars on something they’re going to get schlonged on later?
Cabela’s HQ’s is in a podunky town in western Nebraska. Sydney has a population shy of 7,000; which I expect will plummet once Cabela’s administrative staff get their pink slips. Strategic default will be the only way out for many, if not all.
I think you will find that the upstanding, boot strapping, my signature on a contract is holy, Honest Abe types in Sidney, who never whelched on a deal will resort to jingle mail even faster than those irresponsible people in Florida and California.
We’ve had 100 years of exhibits around here, demonstrating what happens when the only-game-in-town businesses GTF out of Dodge.
My daughter tell me that her hubby is working on a company transfer. If relocated, the company will pay for selling the house.
Unfortunately, one of the guys who did exactly that saw his shop get “downsized/realigned” less than a year after the move.
“Honest Abe”
Hillary Clinton compared herself to Honest Abe last night. She did, she really did. She said he had both public and private positions, just like her. Now THERE was a moment. Not that I minded. Because it’s true, Abe was just as much of a warmonger as she is. Why negotiate anything peacefully when you can have a nice, bloody, WAR!
That was probably one of the few truthful things Hillary said in the debate.
Gonna be dicey to walk away. Nebraska is a recourse state.
Gonna be dicey to walk away. Nebraska is a recourse state.
Not if everyone is doing it. How many people actually got deficiency judgements against them in the last round of walk-aways? My guess is not many—but I would love to see the actual data.
All these years later, hardly a week goes by without news that some settlement bonanza can be shared by FB’s. There were a few reports of judgements being pursued but not many.
The big difference between Nebraska (and the rest of Flyover) and the coasts.
Walking away in Flyover sucks, but is kinda doable, financially. Especially if they can find a couple of six figure jobs on the coast.
Not so much when you take a $300-500K hit, and together you are making about $70/year.
That’s the point of walking away. So you don’t take the inevitable hit.
“And Sidney homeowners are facing a new reality: They may be stuck with nice homes that no one wants to buy. ”
Now, there’s some cognitive dissonance right there. They may be stuck with nice homes that no one wants to buy. WTF? Whatever happened to having a nice home to freakin’ LIVE IN? I thought that’s what nice homes were all about? Not being shrines to granite countertops and stainless steel appliances. A place to LIVE, to shelter yourself and your family. People used to be happy to be STUCK with a nice home to live in. No one worried about whether or not someone else was going to buy it, at least not on an immediate basis. Selling was usually at least 15, 20 years in the future.
Sidney homeowners are indeed facing a new reality: people have gone bugf*ck crazy on the subject of real estate.
Even though we live in BFE, we still have “This Old House” and all of the other Cable TV “Home Improvement/Property Flipper” shows.
It’s not about what’s adequate. Get with the program, you old coot. :).
It’s about “expectations”.
I can guarantee you that “How much will this house be worth, if Cabela’s goes Tango-Uniform?” never crossed their minds.
The meet-up real estate “mastermind” groups labeled “commercial” are full of want to be serial flippers and syndication dreamers, sprinkled in the group people like me, that actually have/had jobs in real commercial. Doesn’t anyone want to work for a living anymore?
palmetto
When we were younger, people lived in 3+2’s, and many lived there most if not all their lives. A simple shack was home, even for my friend’s parents, and her dad was a banker. My other gf’s dad was a doctor, and although their house was nice, it would be considered in the modest sphere nowadays. Times has sure changed. Hey, I remember dial phones, phone booths, and TV tubes. lol
I’m sure they like living in their homes, it’s just that of Cabela’s tells them sayonara then they only other career option is to work at the truck stop or in one of the motels in town.
Cabela’s demise will be a death blow for Sydney.
Imagine what Facebooks and apples assured ending will do.
Daughter had an interesting observation this weekend.
The people who speak loudest about “close families” are the ones most likely to need financial bailouts from members of their “close family”.
Or drink too much…
Or have a mental issues (diagnosed, or undiagnosed), and/or a drug problem of some kind. Which leads to “financial bailouts”.
It’s like the work world, where those who say “team player” the most are often the least interested in actual teamwork.
A 157% daily move in the German Bund? Is that the new normal in our rigged, broken, manipulated “markets”?
http://www.marketwatch.com/investing/bond/tmbmkde-10y?countrycode=bx&mod=MW_story_quote
‘Globalization sounds increasingly like a four-letter word. Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, coined a term for the times: “Peak globalization.”
‘This notion ought to worry investors if it translates into “peak returns” for bonds and stocks. Years of easy-money policies from the Federal Reserve and overseas central banks juiced returns for financial assets but, to Mr. Hartnett, also inspired political backlash about inequality.’
“Excess liquidity and globalization have been bullish forces for Wall Street but far less bullish for Main Street,” he writes. “A reversal of these trends, together with a shift toward fiscal stimulus and higher interest rates, strongly argues that the excess returns from stocks and bonds in the past eight years are also likely to reverse.”
In our Alice-in-Wonderland “New Economy,” casinos and speculation have replaced manufacturing and creating items of value and worth. Seems sustainable to me….
http://www.zerohedge.com/news/2016-10-10/carl-icahn-shuts-trump-taj-mahal-after-26-years-operation-3000-union-workers-lose-th
Running the Clinton Family Crime Syndicate, aka the Clinton Foundation, was a stressful business for its top officials.
http://dailycaller.com/2016/10/10/wikileaks-bill-chelseas-office-crap-drove-a-top-clinton-foundation-official-suicidal/
From what I gather, Chelsea was trying to get people within the Foundation to do the right thing, or at least look like they were doing the right thing. And for that, she got called a spoiled brat. The lady who was contemplating suicide probably had a good reason to feel that way, and it wasn’t Chelsea’s fault.
One of Alex Jones’s guests, a former deep-stater (Dr. Steve, whom I don’t completely trust or agree with) has said that he has met Chelsea and that she is actually a very sweet young lady who has gotten caught up in the wrong family. Too bad she wasn’t removed from the household when she was young.
The PBOC, much like the Fed, jawbones incessantly about hiking rates and tapering its “monetary easing”, but knows full well that any such actions would implode its asset bubbles and Ponzi markets.
http://wolfstreet.com/2016/10/10/peoples-bank-of-china-hints-at-credit-squeeze-to-deflate-chinas-property-bubbles-caixin/
JASTA, aimed to make trial lawyers rich at the expense of the Saudis, could come back to bite us.
http://www.reuters.com/article/us-usa-saudi-yemen-idUSKCN12A0BQ
No Nobel Peace Prize immunity?
The Obama administration went ahead with a $1.3 billion arms sale to Saudi Arabia last year despite warnings from some officials that the United States could be implicated in war crimes for supporting a Saudi-led air campaign in Yemen that has killed thousands of civilians, according to government documents and the accounts of current and former officials.</i<
‘The Saudi bombing of a funeral in Saana, Yemen, killed about 200 – we don’t yet know the exact number – and wounded over 500. No one believes the denials of the Saudis: clearly this event was targeted for special treatment. They didn’t just bomb it once: they came back again to rain death and destruction on the mourners.’
‘While the Syrian civil war has been the subject of much debate, the war in Yemen has received almost no attention. Donald Trump has mentioned it only in passing, and Hillary Clinton hasn’t said a single word about it – with good reason.’
‘The reason is because, during her reign at the State Department, she and her staff collaborated with the Saudis to create a military machine that is now mowing down Yemeni civilians by the thousands.’
‘It was Christmas eve, 2011, and the employees at Hillary’s Foggy Bottom were celebrating. Were they celebrating the Christian holiday? Hell no! They were overjoyed by the “good news” – as Jake Sullivan, Hillary’s deputy chief of staff put it in the heading of an email – that the Saudis’ Prince Salman (now the Saudi king, then the chief negotiator for the Saudi side) had signed on to a $29.4 billion arms deal with Boeing. Included in the sale: more than 80 F-15 fighter jets, which are now slaughtering ambulance drivers, children, and any others in war-torn Yemen who happen to be within range. “Not a bad Christmas present” remarked one top official in an email chain made public by a Freedom of Information Act request. Hillary was on the receiving end of all of this.’
‘The gift-giving was hardly one-sided, however. The Saudis had already given an estimated minimum of $10 million to the Clinton Foundation. And, as David Sirota and Andrew Perez pointed out in the International Business Times.’
“Just two months before the deal was finalized, Boeing – the defense contractor that manufactures one of the fighter jets the Saudis were especially keen to acquire, the F-15 – contributed $900,000 to the Clinton Foundation, according to a company press release.”
‘As the Saudis prepared their campaign of aggression, the Clinton State Department made arming the regime a “top priority.” And as Hillary prepared her presidential run, a Boeing lobbyist, Tim Keating – a former aide to husband Bill – hosted a “Ready for Hillary” fundraising gala.’
Never, ever buy a house in a company town. Always rent.
I’ve been to Sidney. Sidney is Cabelas. When Cabelas goes, it ovah for that little steppe town.
It’ll be like Millinocket Maine after the mill closed.
I have been to Millinocket. It felt like the end of the world. That part of the country definitely is the “Deep North.”
In 2013 the company announced that it would develop a $350 million to $500 million project bringing more than 700 single-family homes in a new subdivision called The Ranch.”
So weird that they would essentially choose to become RE developers (e.g. FAR removed from their core business), rather than taking the simple approach of moving their HQ to a place that has a sufficiently broad base of employers to support a robust housing stock.
Some people/companies prefer being the biggest rat in a little town. Easier to blackmail/”form a public-private partnership” with the local government and employees that way.
They would just be another rat, in the big city. And they have realized and essential truth, that once people start putting in roots, they will put up with all kinds of abuse, rather than displace and go somewhere else. That, and having to pay “market wages” when they don’t control the market.
The implosion of China’s speculative leveraged debt bubble is going to be even more spectacular than ours.
http://www.bloomberg.com/news/articles/2016-10-10/china-intensifies-push-to-cut-debt-with-steps-to-reduce-leverage
Lighten up, Border Patrol dudes. Our permanent Democrat supermajority is not going to build itself, you know.
http://www.lifezette.com/polizette/half-illegal-border-crossings-may-successful/
Fraud is Wall Street’s business model.
http://www.dailymail.co.uk/wires/afp/article-3825271/Fallen-US-biotech-star-Theranos-close-test-labs.html
Who’s the preferred presidential candidate of the people who elevated Theranos to stars?
That’s this election is all about. And it’s more than Wall Street I am afraid.
Neocon adventurism: the gift that keeps on giving.
http://www.aljazeera.com/indepth/features/2016/09/crisis-15-million-expected-flee-mosul-160928191736825.html
Your new neighbors.
They might be a tad bitter and radicalized.
First gen would be nice neighbors IMO. They are cultured, polite want to learn/assimilate, etc. It’s the kids, when they group you have to worry about.
‘We Will, In Fact, Be Greeted As Liberators’ - Cheney
“Iraq Is All but Won; Now What?”
(Los Angeles Times headline, 4/10/03)
“Congress returns to Washington this week to a world very different from the one members left two weeks ago. The war in Iraq is essentially over and domestic issues are regaining attention.”
(NPR’s Bob Edwards, 4/28/03)
“Tommy Franks and the coalition forces have demonstrated the old axiom that boldness on the battlefield produces swift and relatively bloodless victory. The three-week swing through Iraq has utterly shattered skeptics’ complaints.”
(Fox News Channel’s Tony Snow, 4/13/03)
“The only people who think this wasn’t a victory are Upper Westside liberals, and a few people here in Washington.”
(Charles Krauthammer, Inside Washington, WUSA-TV, 4/19/03)
“We had controversial wars that divided the country. This war united the country and brought the military back.”
(Newsweek’s Howard Fineman–MSNBC, 5/7/03)
“We’re all neo-cons now.”
(MSNBC’s Chris Matthews, 4/9/03)
Same people said Trump would be gone by Thanksgiving ‘15.
LOL
Oh, hell, YEAH! Mr. T should have told Hillary to apologize, not for the emails, but to the millions she destabilized in the ME, not the least of which were those who were killed and maimed, men, women and children.
Darn Hillary and her MISSION ACCOMPLISHED! she tricked Cheney!
“Neocon adventurism: the gift that keeps on giving.”
How is neoconservatism any worse than authoritarianism?
7 out of 10 Americans have less than $1000 in savings.
Yep they will continue to vote to keep the status-quo. LOL
You can’t fix stupid.
Meanwhile, the Keynesian fraudsters at the central banks are set to double down in their financial warfare against the 99%.
http://www.reuters.com/article/us-imf-g20-centralbanks-analysis-idUSKCN12A0BA
How easy is it to make money when insider trading is legal? Congress benefits./
Where did the money go?
Red states love the promise of lower taxes from the GOP.
Just in case they win the lottery some day.
And extending your (lack of) logic, blue states must love giving their money away to subsidize their red state brethren.
Crony capitalism laid bare, not by hardboiled, intrepid investigative reporters (they don’t exist in the lapdog media), but by hackers.
http://www.zerohedge.com/news/2016-10-10/mother-daughter-podesta-email-reveals-spoiled-brat-chelsea-almost-caused-foundation-
The first president to win the NoBalls Prize….. Barrack Hussien Obama.
Second. Carter was first.
Odumbo was the first to win for doing nothing.
How much for your overpriced house with a moonscape front yard?
https://www.bloomberg.com/features/2016-turf-terminators-grass-war/
Anthony Gruber, the architect of Obamacare who candidly acknowledged that the “stupidity of the American voter” enabled this abomination to be foisted on taxpayers and consumers, is riled up about being called out by Trump.
http://www.bizjournals.com/boston/blog/health-care/2016/10/mit-professor-gruber-responds-to-trumps-debate.html?ana=twt
Jeb Bush is low energy.
How many billions is Germany going to have to spend on internal security policing thanks to Merkel’s Marauders?
https://www.yahoo.com/news/german-police-capture-man-suspected-planning-bomb-attack-044229427.html
http://www.zocalopublicsquare.org/2016/08/11/walls-high-kingdom-ventura/inquiries/connecting-california/
Growth Restrictions Have Saved Open Space in California, but Wealthy Elites Also Use Them to Keep the Middle Class Out
Middle class whats that ? He means poor people u know renters , etc
Growth Restrictions due to a lack of water in most cases.
Laughable. Cali politicians let in 5-10 million in the last decade and a half, few of which are net contributors to the tax base. They didnt let the lack of water stop them from importing what seems like half the third world. It is always and only about power with the regressive left.
Simpson-Mazzoli mouthbreather.
Our permanent Democrat supermajority is not going to build itself, you know.
Globalists are unanimous in their support for one of their own: Crooked Hillary.
http://www.breitbart.com/2016-presidential-race/2016/10/09/foreign-policys-unprecedented-clinton-endorsement-no-thing/
It’s not looking so good.
Meanwhile, the can-kicking continues in the Eurozone.
https://www.theguardian.com/world/2016/oct/10/eurogroup-eurozone-ministers-greece-loans
Last week marked the fifteenth anniversary of the US invasion of Afghanistan, the longest war in US history. There weren’t any victory parades or photo-ops with Afghanistan’s post-liberation leaders. That is because the war is ongoing. In fact, 15 years after launching a war against Afghanistan’s Taliban government in retaliation for an attack by Saudi-backed al-Qaeda, the US-backed forces are steadily losing territory back to the Taliban.
Elect your local neo-con!
Here’s to one to re-elect.
Sen. Mike Crapo, R-Idaho, pleaded guilty to driving under the influence today in an Alexandria, Va., court and was sentenced to 180 days, all of them suspended. He will also be paid a $250 fine and court fees, will take a DUI course, and will have his driver’s license suspended for 12 months. He could apply for a restricted license in the meantime. Crapo, a Mormon who has said he does not drink alcohol, was arrested on December 23 in Alexandria, Va., a suburb of Washington, D.C. His blood alcohol was recorded at 0.14 after he was brought to jail,..
http://www.ronpaulinstitute.org/archives/featured-articles/2016/october/09/fifteen-years-into-the-afghan-war-do-americans-know-the-truth/
Hillaryous has a strong record. A strong record of lying and doing nothing.
No, a strong record of doing exactly the WRONG thing. Witness her trail of fiascos as Secretary of State, or the Arkancided corpses she’s left in her wake.
Hehehe….
http://www.thegatewaypundit.com/2016/10/oops-man-bill-clinton-rape-t-shirt-poses-behind-hillary-detroit-rally/
we have been fighting for 15 years in Afghanistan in the name of defeating al-Qaeda, while we are directly and indirectly assisting a franchise of al-Qaeda to overthrow the Syrian government.
Now if we can only get Trump in there to show they how much bigger our new and improved yuuuuge military is, they will all stop. I think we just email them shots of new tanks and planes.
Afghani was a good war. LOL
Didn’t Obombo escalate that one?
So Bush kicked the beehive, and we get mad at O for not smoking them into peace.
Go Trump, spending more will solve everything !