Investors Walk From Their Agreements
A report from the New Zealand Herald. “Chinese property investors pulling out of Sydney off-the-plan apartment purchases spooked the Australian banks, and that fallout is now being felt here in Auckland. Jon Sandler, the Kiwi developing Avondale’s now-axed 91-unit Flo, blamed tighter bank lending practices, which partly caused his project to be cancelled. Colliers International’s residential project marketing national director Pete Evans said 35 Auckland multi-unit residential developments have been cancelled in the past year. Sandler referred to a Herald article from September that reported Property Council chief executive Connal Townsend announcing banks had tightened their lending on apartment projects.”
“‘As per the article published in the Herald last month, there has been a significant shift away from funding projects of Flo’s size since we launched the project,’ Sandler said.”
“In August, the Australian reported how a mass of Chinese property buyers who had snapped up Sydney units off the plans had started to walk from their agreements because they could not get their money out of China. The investors were even forgoing their 10 per cent deposits, the newspaper reported. That spooked those Aussie banks so that by last month, Townsend and other New Zealanders were beginning to feel the fallout.”
“Flo apartment buyer Antony Hopper described himself as ‘completely devastated’ by the cancellation. ‘We literally scraped together every dollar we had to make up bank deposits as well as completely changing our lifestyle to live in a tiny, damp and cold house so we could save on top of the deposit while the apartments were being built. All our sacrifices were for nothing. What saddens me the most is the complete lack of transparency regarding the whole project. Everyone was more than happy to sell us a story and take our money but after the contracts were signed we were virtually left in the dark.’”
“Bruce Patten, a mortgage adviser of LoanMarket in Auckland, predicted more project collapses. ‘The Reserve Bank is putting pressure on the banks to be careful in the funding of developments and also obviously there’s pressure from across the Tasman from the mainstream banks,’ Patten said. Nor could developers go elsewhere for money. ‘The non-bank funders are running out of money because the property finance units have effectively pulled out of the market and now the developers are rushing to the non-bank funders for money, but they have limited supply. This is going to see more developments canned in my view,’ he said.”
From CBC News in Canada. “Jordan Hails saw potential in a condominium proposed for north of Oliver Square, but after putting $30,000 down on a unit two years ago, he wants out. Located at 117th Street and 105th Avenue in Edmonton, Infiniti on 105 is only a few blocks from his current home and close to many amenities. Hails, a Canadian Armed Forces signal operator, moved from Toronto with his wife five years ago. The couple had always rented so they wanted to move into something more permanent.”
“Their condo unit was supposed to be the newly married couple’s first home purchase. They were excited and serious about moving in and eventually starting a family. ‘It’s a lot of cash to put down,’ Hails said. ‘A lot more than we than required to secure the unit. We wanted to put ourselves a little bit ahead. We saved up that much and we thought we’d get a leg up and throw it all down.’”
“The couple made the down payment in October 2014. Hails said he once received updates from the development’s Facebook page, but then it disappeared. So he started to visit the condo site to see what was happening. In July, Hails noticed there were no workers on the site and all that existed of the condo building was the underground parking garage. That’s when he started to get concerned.”
“Robert McLeod says work stalled on the site in May. As an associate broker, he handled sales & marketing for the project and helped sell 60 per cent of the 108 units. McLeod has been hearing from buyers who planned to move in as soon as the project finished, and are now growing impatient. ‘Their lives are on hold and they’re seeking more finite information from the developer on the actual state of the project and completion’, he said. ‘That has been up in the air and that’s been of great concern and frustration for them and us.’”
“McLeod would like buyers to wait it out, but Jordan Hails is considering to walk away from the project and get his money back. ‘They won’t give us any information,’ he said. ‘They won’t give us any assurance that it’s actually going to be completed. We just keep getting the run around from all the different parties of the project.’”
‘It’s a lot of cash to put down,’ Hails said. ‘A lot more than we than required to secure the unit. We wanted to put ourselves a little bit ahead. We saved up that much and we thought we’d get a leg up and throw it all down.’
I bet they saw you coming all the way from Toronto.
‘Hails is considering to walk away from the project and get his money back.’
Good luck with that. But remember, it was cheaper than renting.
Relation to other idioms and expressions. The English colloquialisms such as turn out to be a pig in a poke or buy a pig in a poke mean that something is sold or bought without the buyer knowing its true nature or value, especially when buying without inspecting the item beforehand.
Pig in a poke - Wikipedia, the free encyclopedia
‘Edmonton shed some jobs in September, ever so slightly, as new numbers were released Friday from Statistics Canada. The chief economist for the City of Edmonton however thinks the unemployment situation has bottomed out, because people continue to flock to metro Edmonton looking for work as they see the prospects of finding work more encouraging here than anywhere else.’
‘The real story he said is how private sector investment in new projects is drying up. “I’m keeping a very close eye on the construction sector and I am concerned we’re going to see very soft conditions in that sector over the 12 months in 2017.”
“We’ve seen a real pull back in permitting for non-residential construction, in commercial, and in industrial and that would imply that private investment in buildings and machinery and equipment is going to slow down in 2017 and hence the slower pace of construction overall. As well we’ve seen a real sharp pull back on housing starts. That’s across the province but here in Edmonton as well.”
“We continue to see very strong international migration into Alberta and into Edmonton,” Rose said. “And we’re seeing what we call intra-provincial migration. That is people moving from other parts of Alberta to Edmonton because our unemployment rate is down to 7.7 per cent compared to 8.5 per cent for the province as a whole. Relative to Alberta, Edmonton still provides relatively good employment opportunities.”
‘Calgary saw employment increase however the unemployment rate is a dismal 9.5 per cent.’
slimeball billy bush should be fired!
trump is our future!
buy stawks and homes!
billy boy thought he would get a promotion. they will throw anyone under the bus.
suckersborneveryminute
They eat their own, don’t they?
Anyone in politics (and anyone in Washington DC) will throw anyone under the bus as a means of cover or promotion.
The media IS politics. Bought off like any lobbyist or government contractor.
Billy Bush is a fool on a fool’s errand. Not smart enough to realize his fate for doing someone else’s dirty work.
Hang him. Right? Right. Because it’s the correct thing to do. Because SOMEBODY has to pay for someone else’s insolence.
I must have missed something. Did Billy Bush do something, except agree with Trump’s sentiments?
The panda bear reminds me of this guy.
http://www.zerohedge.com/news/2016-10-10/emails-expose-cnbcs-john-harwood-diligent-hillary-clinton-fanboy
Trump would have been better off ignoring the Paula Jones parade and instead focusing on the War on Columbus Day.
Think so too. But it was more like a warning shot to the Clintons, Gope, MSM and anyone who’s digging dirt on him that he is willing to go to hell…and are warned to not fook with him.
The American President! Trump brings a little boy on stage dressed up as a mini-me. The crowd goes nutz. What a performance, and what a great kid!
https://www.youtube.com/watch?v=snou8qrElnM
Your orange fur-headed God is doing a great job promoting his friend Hillary Clinton
Hillaryous is unelectable.
No need to report on canadah till oil his $65
And I thought oil prices were supposed to be under $30 by now.
I guess some people don’t know what they are talking about. (”I say by X-Mas, it’ll be down to $17.85/barrel,” says the Bear. “No! It’ll be $75 a barrel,” says the Bull.)
Whatever.
Truth is, no one really knows what will happen next. Deal with not knowing. It does a body good.
oil prices were supposed to be under $30 by now ??
But the real question is what is the future for oil…More efficient cars and trucks…Electric vehicles….Less driving…More people moving to the urban core…80 mil baby boomers driving less each passing year…
What do oil prices look like in 2025 ??
Don’t forget flying magic pixie dust propelled dogs.
Because oil is used only by American car drivers and no one else. Riiight.
Wait a minute.. Canada… Prudent lending….no sub prime, no interest rate hike, everything is supposed to be f’n awesome. Geez, that young couple surely drank the Kool-Aid. The faith was strong with them. Damn, that is a lot of money to lose so early on in the game. Hope they get their money back, maybe if they are the first few seeking a refund, things will work out a bit better.
Why don’t the same real estate facts get cited? Immigration, not enough land, everyone wants to live here, etc… I guess reality has a strange way of making you have a second look.
TARP already built into the banking system…
Coming like a freight train…
——–”
The terrifying signs of a looming housing crisis
nypost - Sep 21 2016
The number of New Yorkers applying for emergency grants to stay in their homes is skyrocketing — as the number of people staying in homeless shelters reached an all-time high last weekend, records show.
There were 82,306 applications for one-time emergency grants to prevent evictions in fiscal 2016, up 26 percent from 65,138 requests the previous year, according to the Mayor’s Management Report.
The city’s fiscal year runs from July 1 to June 30.
Without the aid — which comes from city funds and was approved in roughly two-thirds of the cases — even more families would likely have entered the shelter system.
“I think the need is as high as it’s been over the past several years in terms of folks not being able to afford New York City,” said Giselle Routhier, policy director at Coalition for the Homeless
Well, let’s talk about what will happen once these “investors” cannot find renters with the funds necessary to pay “investor” mortgages.
Who is going to back the “investors” this time?
Will the government create new programs that allow “investors” to avoid having to drop rental rates? Will the percentage of Section 8 properties increase exponentially? How quickly?
If so, who loses?
If so, who wins?
The Donald speaks tonight in Ambridge, PA.
And because this is C-SPAN, and not a commercial network, there is no commentary, no interruption, and no advertising:
https://www.c-span.org/video/?416683-1/donald-trump-campaigns-ambridge-pennsylvania
I may have bought a Sunday New York Times at an airport for a long flight with layovers, but beyond that, I don’t give money to real journalists.
Voluntarily paying for cable TeeVee is like paying to request that your body gets infected with cancer. Watching TeeVee gives you premature Alzheimer’s, or worse yet Parkinson’s like Hillary has.
Real journalists want to put you and your whole family, on a train, to the east, and into the “showers” where you can inhale and die on Zyklon B, and your corpses shoveled into ovens like manure.
This is what the New York Times and the Washington Post and CNN want.
best comment i read in a while
I agree with you mememonkey. I’m wondering if this is just a politically motivated stunt to discredit Trump (a hothead who can’t be trusted with a “nuke” launch button) and make Hillary (sweet, passive, loving, Hillary who has actual experience as Sec. of State) look like the safer choice for the undecided voters. In reality, nothing could be further from the truth. Of course, big lies usually are far from the truth.
I’ll make sure the preps are in order - just in case. I really expect this to appear to remain on the verge of imminent war until the election is over. Hopefully, after that, our prince of nobel peace will figure out a way to back away from a conflict that has no political gain for him (or us.)
Grover
For MIC there’s a gain. It’s not the hot war they want. They know they couldn’t even beat Afghani in a hot war..Russia is an equal power, so no chance in hell. What they want is cold war…Cold war is boon to their business. Can’t believe how many people are falling for this trap by the establishment.
When it comes to Russia/Syria, Trumpster is the reasonable one. OMG what the world has turned to…{smh}
That’s a good point. And I’ll add this one: in addition to the military-industrial complex aspect, we need to be made as scared as possible, because then we’ll be more pliant.
Where are Mook’s people today? Butt hurt from last night?
Trump’s counteroffensive was ugly but IMO it was effective. The level of stress that he inflicted on the Ft. Brooklyn apparat was reflected in Little Donny Deutsch’s hysterical performance at MJ today. After letting the man rave against Trump for a while Joe S. told him to “stop screaming.” “Listen to me!” Listen to me!” Deutsch had yelled across the table. That must have been a deeply satisfying moment for the Trumpistas.
IMO the ruthless device of bringing forward three of Bill Clinton’s women accusers to renew their calls for vengeance on the man from Hope worked very well. Juanita Brodderick’s straightforward statement “Bill Clinton raped me and then Hillary threatened me …” must have had SOME effect. With regard to Kathy Shelton who had been brutally raped by a man named Taylor when she was twelve, I don’t see anything wrong with HC’s conduct. She was Taylor’s court appointed attorney and successfully got the scumbag’s sentence reduced. It was her duty to do that. Enough said.
The GOPers who deserted Trump over Pussygate now face a moment of truth. Will most of them re-defect to his camp? I think they will and that will be a mistake because IMO he is still going to lose unless Assange has some really good stuff in reserve. You remember him - “Can’t we just drone him!”
For me the most ominous thing about the present electoral disaster is the level of perfection achieved by Ft. Brooklyn in the process of the industrialization of the political process in the US. Their willingness to twist, distort and flat out lie in pursuit of the end that for them justifies all means is frightening. The technique employed by their allies in “fact checking” Trump’s opinions as opposed to HC’s declamations ( “I support the Second Amendment”) is amusing by any standard but it works with the semi-sentient masses. The puny Trump wurlitzer playing on and on from the golden chambers in the Trump tower is not well enough organized to compare its steam calliope hooting to the Robby Mook symphony. Mook’s people actively and largely successfully seek to create public opinion using implanted memes and constant repetition from their media allies. IMO the success of such PR techniques will mean the end of actual democracy in the US if it continues.
I await the condescension of those who will now write to counsel me as to the non-existence of democracy in the US and/or the holiness of HC’s Methodist utopian revolution to come.
http://turcopolier.typepad.com/sic_semper_tyrannis/
“Butt hurt from last night?”
Somebody is.
FINANCIAL TIMES
Donald Trump
GOP leaders condemn Trump on social media
Republican nominee loses top party support
Read latest:
Paul Ryan abandons Trump as Republicans lose hope
7 hours ago
by: Jennifer Bissell in New York
Senior leaders in the Republican party have rescinded their endorsements of Donald Trump for US president, following the release of a video on Friday in which Mr Trump spoke in lewd terms about groping women.
Paul Ryan, speaker of the House of Representatives, is the most senior elected official in the party to say he will no longer defend the candidate. However, more than a dozen past and current GOP politicians also took to social media to denounce the candidate. Some have even called for Mr Trump to step down as the Republican nominee and for the Republican National Committee to replace him with Mike Pence, his running mate.
Below is a selection of some of the top posts on Twitter and Facebook generating the most attention.
…
“Their willingness to twist, distort and flat out lie in pursuit of the end that for them justifies all means is frightening…”
There are leftists on the HBB who have publically admitted that they adopt this behavior themselves.
Another leftist here spent roughly 4-6 years lying about being “non-biased”. When proven wrong by me, he maligned me personally and on numerous occasions.
It was only after a third person did a Google search, verified what I had already posted, and called the leftist a “bold-faced liar” that the leftist shut up.
Alas, the respite was brief. Now, Liar is back at it, stating that he is “non-biased”, that he has no coin the game, etc.
Is the professor that you’re talking about? What is the nature of the bias?
You are babbling incoherently.
‘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.’
‘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.’
Seems like this could have been a great discussion topic at the town hall, instead of wasting time arguing about who is the Biggest Abuser.
Seems like this could have been a great discussion topic at the town hall, instead of wasting time arguing about who is the Biggest Abuser.
LOL…look in the mirror. How many “p****gate” stories did you copy and paste in this blog vs the war stories?
Of course I am, Bear. I always am, aren’t I?
By the way, how is Brother from Another Mother doing these days? In close communication, are you? So close, it’s like telepathy.
Nailed in the head.
Mook’s people actively and largely successfully seek to create public opinion using implanted memes and constant repetition from their media allies. IMO the success of such PR techniques will mean the end of actual democracy in the US if it continues.
It’s the same set of techniques that manufactured consent for the war in Iraq. The New York Times took the lead there too. If one takes the position that the Democratic and Republican parties are substantially different, and I do not, the propaganda apparatus has been very bipartisan.
Have you noticed the way everybody swarms to the story they are pushing? Different networks, newspapers and bloggers but they all repeat the same thing verbatim.
The Narrative, my friend. Six corporations own every media outlet in the country, and they all push The Narrative. To save you from thinking. It’s for the children….
https://www.peakprosperity.com/blog/102294/do-we-really-want-war-russia
Confirming my fears, HRC in the debate just demonized Russia not once, but twice.
First, she blamed the image of the bombed child that swept the world on Russian bombers, when she knows better than anybody that the US (along with other western participants) started the conflict in the first place. And, as far as I know, it’s entirely unclear on who dropped the bomb or lobbed the shell that injured that child. I think that’s, um, well, deplorable.
Second, she ran with the utterly unproven assertions that Russia is somehow meddling with her election run by hacking and releasing emails to wikileaks.
Taken together, these are wildly dangerous assertions to my ears.
………………..
CNN dropped the bomb and just compared Aleppo to the holocaust. Such obvious propaganda. OMG.
Then HRC demonizes Russia for Syria, supports the idea of war crimes trial against Russia and then blames Russia for trying to derail her presidential run.
Wake up folks.
This is now way beyond election posturing for the sake of winning points by beating up Russia. The hand of the neocons has just been tipped. This is about fighting Russia.
This is now very serious, and wildly dangerous.
A war is coming.
Sending $150B to Iran sealed the deal.
My theory is that Russian election interference is being invoked so that a justification exists to remove Trump from office, or delay his assumption of office, if he wins.
It is wildly dangerous.
What does Hillary mean by “taking US relationship to Israel to the next level?
How many more levels are there?
Searching your question: “More broadly, the United States and Israel need to work together to address three converging trends: the rise of ISIS and the struggle against radical jihadism, Iran’s increasingly aggressive regional ambitions, and the growing effort around the world to isolate and delegitimize Israel.”
Better get busy performing taxable work.
How many more levels are there?
Depends on the percentage of foreign aid that gets kicked back to the Clinton Foundation, and AIPAC donations to the DNC.
Go figure…the same countries that contributed millions to the Clinton Foundation are funding ISIS.
http://dailycaller.com/2016/10/10/hillary-in-leaked-email-saudi-arabia-and-qatar-are-funding-isis/
The premise of the establishment politicians is that this is perfectly fine and normal. Looks like the establishment politicians aren’t even pretending they are separated by party affiliation, what with top Republicans coming out for Hillary.
The premise of the Deplorables and the Losers is that everything about this is wrong.
Some of us would like to send a barbarian to DC to take out the trash. This might have worked, except he used the word “pu$$y” earlier in life.
Absolutely crazy.
There were rumor circling around yesterday that Romney peeps were behind the “p****gate” tape. The way Ryan and others were so ready to jump on it gives some credibility to the story. $hit just got real in the already dead GOP.
Ryan is a bought and paid for puke for the system.
Did Paul Ryan’s Top Advisor Leak the Trump Tape?
Paul Joseph Watson - October 11, 2016
That’s the story swirling around the Internet after Senor’s wife, former NBC reporter Campbell Brown, appeared to confirm the claim.
Brown quoted a tweet that said, “Rumblings that Campbell Brown and Dan Senor are behind the Trump tape leak,” and then responded, “Yep. Still having fun after all these years. Key to a happy marriage.”
Dan Senor himself later reportedly denied the claims, telling CBS News the story was “ludicrous”.
However, Senor has been aggressive in pushing the tape, trying to keep the story at the top of the headlines after Trump’s impressive performance in Sunday night’s debate.
“I spoke with a reporter tonight who believes the reports are true. It was GOP elites who released the audio to the Washington Post,” adds Jim Hoft.
Ryan was set to campaign alongside Trump for the first time on Saturday before the leak of the tape changed everything.
http://www.infowars.com/did-paul-ryans-top-advisor-leak-the-trump-tape/ - 209k -
“Some of us would like to send a barbarian to DC to take out the trash. This might have worked, except he used the word “pu$$y” earlier in life.”
Earlier in life? He was 59, not 19 at a frat party or a locker room. Just face it Trump is a creep. No matter what Clinton is, Trump is still a creep.
Paul Ryan’s top advisor Dan Senor whose wife is former NBC reporter Campbell Brown.
“However, Senor has been aggressive in pushing the tape, trying to keep the story at the top of the headlines after Trump’s impressive performance in Sunday night’s debate.”
Dan Senor @dansenor
Note to media: if interviewing Trump surrogates today, focus q’s on tape. Besides Rudy, these surrogates were all hiding over the weekend1/2
7:39 AM - 10 Oct 2016
154 154 Retweets
323
Oh this cuck is going down Romney. I don’t think Ronmney/Ryan have any future in the republican party. Sure they will have a party…..who is going to vote for them?
Sheeple who are as ignorant and docile as Hindu cows are key to a Hillary Clinton victory and the perpetuation of the crony capitalist status quo.
http://www.infowars.com/clinton-campaign-email-outlines-effort-to-produce-an-unaware-and-compliant-citizenry/
The Comrades of Proven Worth in China are going to have a lot more angery demonstrators on their hands once China’s speculative bubble bursts.
http://www.oann.com/china-blockades-streets-around-military-building-as-hundreds-protest-in-capital/
The Clinton Foundation and its affiliated NGOs must be salivating at the opportunity to enrich themselves yet again at Haiti’s expense.
http://www.aljazeera.com/news/2016/10/hurricane-matthew-14-million-haiti-161011043951224.html
Goldman Sachs has managed to insert itself in the clean water supply chain in DC. My first thought was, “Clean water in DC will be getting more expensive.”
Goldman Sachs invests in cleaner DC water
By Jeff Clabaugh
WTOP.com
October 3, 2016 7:47 am
WASHINGTON — The D.C. Water and Sewer Authority has issued the nation’s first Environmental Impact Bond, raising $25 million from the Goldman Sachs Urban Investment Group and the Calvert Foundation, and will use the proceeds for an experimental green infrastructure project.
DC Water is working with Mayor Muriel Bowser’s office on a green jobs initiative for local workforce development and sustainable job creation. The initiative includes training and certification opportunities for District residents for jobs including construction, inspection and maintenance.
[A public-private partnership with GS! What could possibly go wrong! Don't these people learn from the experience of other municipalities? ]
The way the EIB is structured, the worse this project performs, the smaller the return on the investment Goldman and Calvert get. That might seem counterintuitive, but that is how social impact investing works.
[Somehow, I very much doubt that GS's profit is predicated on the success or failure of the project]
Goldman Sachs established its Urban Investment Group in 2001 to make loans and investments that benefit urban communities.
[Doing god's work (of lining their own pockets from the public treasury) ]
http://wtop.com/money/2016/10/goldman-sachs-invests-cleaner-dc-water/
stocks and homes will be cuddled by the folks who need the tax revenue.
Opinion: Governments still haven’t learned the lessons of housing booms and busts
By Satyajit Das
Published: Oct 11, 2016 8:19 a.m. ET
Why your home remains a risky financial castle
…
Denver = Debtver.
Median household income here is less than $60,000.
http://www.bizjournals.com/denver/news/2016/10/10/denvers-housing-market-called-a-top-performer-in.html
Is it October surprise time again so soon?
Opinion: Is this ‘bone-chilling’ indicator really saying ‘sell’ stocks?
By Mark Hulbert
Published: Oct 11, 2016 8:19 a.m. ET
…
Do you have an old, oaken, horse-driven cart from which you sell magic potions?
Getting closer to a buy signal for mining stocks! Sold GDXJ for $49.99 and now it is below $38.
Looks like Samsung’s loss is Apple’s gain!
Solar stocks are a good deal.
lol
Have you bought stocks in any panty makers, Sweet William? Because you seem to be going through a lot of them just lately, what with all those twists.
Bitcoin surges on weaker yuan
https://blog.fxopen.com/bitcoin-surges-on-weaker-yuan/
Before this John Bollinger says
https://news.bitcoin.com/john-bollinger-attention-china-bitcoin/
And five days ago a timely article:
‘“Interestingly, the larger price movements in the digital currency have tracked devaluations in the [Yuan],” Investopedia writes today.
Citing an RMB/BTC graph from Bloomberg, the publication notes that upticks in the BTC value per USD closely follow government moves to devalue the Yuan.
“When these events occur. . .the price of Bitcoin soon follows,” it comments.’
https://news.bitcoin.com/china-bitcoin-capital-flight-fin tech
More Yellen bucks go to money heaven:
Another Car Rental Service for Uber and Lyft Drivers Suspends Operations
We need QE to Infinity so we can have flying cars.
I eagerly await the return of the flying debt donkeys.
The YellenBux must be repaid no matter how far down the value of the asset goes therefore the theme of this thread, ‘walking away’ is perfectly accurate. So the choice of two paths is clear. To stay and pay for a house that will only result in colossal financial losses is something most won’t do. There was a preponderance of willful defaults during the previous step down the stairs. This step I anticipate far more.
Heh. For how long did the “Uber is the perfect job for my 70-year-old father” piece run?
As long as it took the 70 year old father to realize he was losing his ass on the Uber pipe dream.
Gasp…rental rates are starting to drop in the most bubblicious cities.
http://www.zerohedge.com/news/2016-10-09/its-about-time-recession-property-manager-warns-rents-drop-first-time-career
Elections official caught on video blasting de Blasio’s ID program
By Carl Campanile
October 11, 2016 | 1:36am
The Manhattan Democratic representative on the city’s Board of Elections was caught on a secret video slamming Mayor Bill de Blasio’s municipal ID program as contributing to “all kinds of fraud” — including at the polls.
“He gave out ID cards, de Blasio. That’s in lieu of a driver’s license, but you can use it for anything,” Commissioner Alan Schulkin said in the undercover video recorded by a muckraker for conservative nonprofit Project Veritas.
“But they didn’t vet people to see who they really are. Anybody can go in there and say, ‘I am Joe Smith, I want an ID card,’ ” he said in the bombshell tape.
“It’s absurd. There is a lot of fraud. Not just voter fraud, all kinds of fraud . . . This is why I get more conservative as I get older.”
The videographer asked point-blank, “You think they should have voter ID in New York?”
Schulkin responded, “Voters? Yeah, they should ask for your ID. I think there is a lot of voter fraud.”
http://nypost.com/2016/10/11/elections-official-caught-on-video-blasting-de-blasios-id-program/ - 290k -
Fraud is the DNC’s business model.