What It Means To Be Hot Can Change Over Time
A report from the Columbus Dispatch. “It’s repeated so often, it’s a cliche: This is the hottest housing market in years. But what, exactly, does that mean? The most expensive market? The one with the most sales? The one with the fastest sales? The truth is, real-estate statistics can often paint a Picasso-like image. Zillow senior economist Skylar Olsen noted that the housing crisis dramatically illustrated that relying on real-estate data such as price appreciation to gauge a market can be misleading because it bypasses the underlying health of the market. ‘Hot’ housing markets such as Las Vegas crashed so precipitously because they lacked a foundation in job, income and population growth.”
“But, Olsen added, identifying ‘hot’ markets isn’t easy; Zillow might tweak the formula for the 2017 edition. ‘Each time we look at this, we have a slightly different approach because what it means to be hot can change over time,’ she said.”
The San Francisco Chronicle in California. “Are we past the pricing peak for new construction condos in San Francisco? It looks that way, according to new data from the Mark Company that shows new condos entering the market last month were priced eight percent lower than new condos coming to market one year ago. ‘The decrease is due to fierce competition for buyers, especially among high-rise developments with top-tier finishes and amenities,’ according to a statement from the real estate sales and marketing firm.”
“New condo absorption was also down 40 percent from one year ago. The inventory of 1,200 new construction condos available last month was 83 percent higher than it was one year ago.”
The Houston Chronicle in Texas.”Houston’s housing market is experiencing simultaneous highs and lows, with some neighborhoods reeling from the energy slump while others are benefitting from pent-up demand left over from the boom. That’s leaves little comfort for Houstonians considering selling their homes in places like the Energy Corridor or the Memorial area, where the supply of homes for sale is growing and demand is softening. The market is most robust in places with lower-priced homes, a stark contrast from a couple of years ago, when luxury homes and condominiums were experiencing most of the gains.”
“‘Developers all wanted to do high end and they ignored the middle market,’ said Patrick Jankowski, economist for the Greater Houston Partnership. ‘Now, the high end is gone.’”
From Business Den in Colorado. “The cash crunch at a Broomfield-based luxury timeshare business got so bad this year, there wasn’t money to keep paying lawyers every time disgruntled customers sued to get back their six-figure membership deposits. Quintess, which rents out 90 homes in 50 locations, including seven homes in Aspen, has submitted a pre-packaged Chapter 11 bankruptcy turnaround plan to erase more than $120 million in debt and tweak its business model from a real estate owner to an upscale rental agency.”
“But to do that, it needs to raise between $6 million and $10 million – and it needs to get the bankruptcy court’s blessing. The firm lists assets of $12 million and liabilities of $168 million, according to a balance sheet included in its Chapter 11 filing. The vacation rental company says in documents filed this week that it owes a total of $123 million to refund the deposits 542 wealthy customers plunked down, mostly before the recession, to access large homes with fancy amenities. At least 152 of those customers have demanded their deposits back, and the waitlist on redemptions stretches to more than 3 years.”
“Quintess claims the recession ruined its business model. Bankrolled by serial tech entrepreneurs and other Colorado investors, Quintess in 2004 started buying multi-million dollar homes in coveted travel destinations from Aspen to Zermatt, renting them to customers that could afford upfront membership fees as high as $350,000 with yearly dues amounting to many thousands more.”
“The business model hinged on real estate prices and memberships increasing. But as home prices crashed in 2008, Quintess scrambled to pay off $150 million in secured real estate loans in 2012. Those homes were sold at prices below what Quintess paid, court documents claim. Quintess claims that if it can’t reorganize, it will close and liquidate, and there will be nothing for creditors to recover.”
The first link ponders 500k shacks in Ohio. There’s no bubble tho’.
‘Are we past the pricing peak for new construction condos in San Francisco? It looks that way, according to new data from the Mark Company that shows new condos entering the market last month were priced eight percent lower than new condos coming to market one year ago. ‘The decrease is due to fierce competition for buyers, especially among high-rise developments with top-tier finishes and amenities’
Wah? But shortage? Sewer hook ups? This thing has popped.
‘Developers all wanted to do high end and they ignored the middle market,’ said Patrick Jankowski, economist for the Greater Houston Partnership. ‘Now, the high end is gone.’
I saw some information the other day, Houston was a huge part of national GDP growth. I don’t know why the media is ignoring the real estate collapse, but I have my suspicions.
It makes sense that developers all want to go high end, because under hope n’ change only the 1% are flourishing while everyone else is losing ground.
It’s not just Houston, it’s all the way down to luxury student housing! Why can’t the media ask a simple question; how could you get the market so wrong all over the country at the same time?
The answer is they were reading the wrong signals. The distortions by the central bank and the government have caused this in a myriad of ways. Sorry Janet, you ain’t gonna be able to pin the blame on subprime loans this time.
“The distortions by the central bank and the government have caused this in a myriad of ways. Sorry Janet, you ain’t gonna be able to pin the blame on subprime loans this time.”
It seems like their only option is to maintain the distortions indefinitely, increasing them as necessary to offset the weight of fundamentals.
Whether it is possible to successfully continue the program of market distortions indefinitely is the $10 trillion question. It didn’t work in China, but it’s different here, because this is ‘Murika.
It seems like their only option is to maintain the distortions indefinitely, increasing them as necessary to offset the weight of fundamentals.
Bingo. Yellen & her fellow Keynesian fraudsters at the Fed are going to keep following the same failed policies unless and until some exogenous event occurs - such as a Trump presidency - that might finally jerk them up short.
‘new condos entering the market last month were priced eight percent lower than new condos coming to market one year ago. ‘The decrease is due to fierce competition for buyers, especially among high-rise developments with top-tier finishes and amenities’
‘New condo absorption was also down 40 percent from one year ago. The inventory of 1,200 new construction condos available last month was 83 percent higher than it was one year ago’
There are tens of thousands of condos on the way in SF alone. What do you suppose will happen to “absorption” when people read this in the paper today? A lot of these condos are rented out, and it’s been a couple months since we learned renters were haggling with these speculators and winning. San Francisco, Manhattan, Miami. The most expensive RE in the country and all have gluts of one sort or another. Yellen can’t stop this. She can’t QE imaginary people to live in these things. Condos are almost always the first to fall. We’ve been hearing about a slowdown in SF for months now out there. “Even in Palo Alto” one UHS whispered a few months ago. Downtown LA is going to be a disaster for residential, office and retail.
Just the energy bust alone will wipe away sub-3% GDP growth. Houston was building more houses than California, for years.
Professor Bear: It seems like their only option is to maintain the distortions indefinitely, increasing them as necessary to offset the weight of fundamentals.
I suspect they are able to maintain the distortion by subtly extracting value from the rest of the population and directing it to the FIRE sector. However, people are being made more and more economically uncomfortable, likely unable to identify the source of it. Plausible (though untrue) reasons are presented in the media, or the issue is ignored entirely. My suspicion is the rise of the nontraditional candidate is one indicator of this discomfort.
I don’t think they got the market wrong. I believe that they knew in their hearts that there weren’t enough “wealthy millenials” to go around. However, each developer thought that *their* complex was going to be the one that attracted all the wealthy millenials, leaving the competing buildings in the dust. So developers conducted an amenities arms race, one-upping each other with hot yoga studios and craft beer.
What they got wrong was their own perception of themselves.
Friend of mine took a gig in Ohio, only because his skank wife who’s never worked a day in her life has a daughter living there who just had a kid (not even 20, apple doesnt fall far from the skanky tree) and threatened to divorce and bankrupt him otherwise. He’s a cuck, so he rationalized it as a good thing because he would be able to buy a big house there while he toils everyday for the next 20 years (on top of 20 years already) paying for all these skanks. With homes at 500K in Ohio (!), he’ll likely have to go up to his eyeballs in debt. He should just bail the country and tell everyone to go get . . .
Good thing he works for a skank company, Raytheon. Theyre well skilled at ripping off the taxpayers (change order? that will be, lesee, uh, 30 million?) and anytime competition arises in some market, they just buy the company and shelve them - its what they did to his former company! They even “bribe” government folks to get contracts, government skank writes contract so Raytheon wins, then gov skank retires and takes job with - wait for it - Raytheon, where he gets cushy office job paying 250K+ year to practice his golf swing. Other gov skanks follow suit (they want that sweetness after they retire too!) and institute a virtual monopoly between gov and Raytheon. Whole thing is a puke fest.
We’re a nation run by skanks, with used house skanks lying to empty pocketed skank who in turn lie to mortgage skanks. Housing is a skanky business.
“They even “bribe” government folks to get contracts, government skank writes contract so Raytheon wins, then gov skank retires and takes job with - wait for it - Raytheon, where he gets cushy office job paying 250K+ year to practice his golf swing.”
That’s the military industrial complex right there.
‘The vacation rental company says in documents filed this week that it owes a total of $123 million to refund the deposits 542 wealthy customers plunked down’
Astounding: $225,000 deposit paid just for the RIGHT to RENT a high end house in Aspen.
‘new condos entering the market last month were priced eight percent lower than new condos coming to market one year ago’
When the new construction begins to undercut their recent buyers, it’s all over but the crying. They just minted thousands of FB’s.
Did Congress give the green light on the Yellen put?
WSJ dot com
Central Banks
Janet Yellen Sees Benefits to Central Bank Stock Purchases
The ability to buy equities or corporate bonds could be helpful in a downturn, the Fed chief says
Federal Reserve Chairwoman Janet Yellen
Photo: Associated Press
By David Harrison
Updated Sept. 29, 2016 5:38 p.m. ET
Federal Reserve Chairwoman Janet Yellen said Thursday there could be benefits to allowing the central bank to buy stocks as a way to boost the economy in a downturn.
Speaking to a minority bankers’ conference at the Kansas City Fed via videoconference, Ms. Yellen said stock-buying could be a tool for policy makers in the future.
“There could be benefits to the ability to buy either equities or corporate bonds,” she said in reply to a question from the audience. “There would also be costs as well that would have to be carefully considered in deciding whether that would be a good idea.”
…
Havent they been buying them already via citadel? The stock market seems totally rigged for the 1%. The avg joe has not got back in after kicking their @sses kicked in 2009. They have tried every trick in the book to suck them in. They dont trust these vultures.
This is what the Average Joe has been voting for election after election: more crony capitalism.
The Fed is taking us down the same road to nowhere that the BoJ has been lurching down for the past 20 years. You can predict what Yellen will do next by looking at what the BoJ was doing ten years ago.
You can predict what Yellen will do next by looking at what the BoJ was doing ten years ago.
Keep in mind that the Fed (at that time) was criticizing the BOJ for not doing enough; so the thing to expect is significantly MORE of whatever the BOJ was doing ten years ago.
‘Office leasing in midtown south slowed down in the third quarter of this year, according to a report from commercial brokerage CBRE Group released Thursday. The area, which runs from Chelsea and the Park Avenue South vicinity down to SoHo and TriBeCa, saw the availability rate of space reach 9% for the first time since 2014. Some 701,000 square feet of space was leased in the quarter, 45% below the five-year quarterly average.’
“Leasing has cooled somewhat as the cost of occupancy continues to stand at historical highs,” the brokerage wrote in its market report.’
‘Leasing activity and prices in midtown south have grown tremendously from the market crash to the present, but during the most recent quarter, the area saw average asking rents dip 2% to $69.13 per square foot compared with the same time a year earlier.’
‘Meanwhile, downtown Manhattan logged an 11.7% availability rate and an average rent of $57.50 per square foot. Leasing activity there has also cooled off. There was a 39% drop in activity compared with the same quarter last year.’
16% vacant here. In N va
Yes, 16% office vacancy in Sacramento. It is hard to make the numbers work after expenses!
The “nays” have it, 8-0.
I guess not everyone is in favor of the Fed’s completing the destruction of capital markets.
Should Fed invest in stocks, bonds?
Janet Yellen
Fed Chairwoman Janet Yellen has discussed the idea of the central bank’s purchase of stocks and bonds as a further means to stabilize the economy when needed. (Alex Brandon/AP)
Roger Showley
October 14, 2016
Question: Should the Federal Reserve be allowed to buy stocks and bonds to combat recessions?
…
Question: Should the Federal Reserve be allowed to buy stocks and bonds to combat recessions?
Should be the Fed be “allowed” to buy equities and bonds? Let’s pretend the sheeple have any say in the matter. The Fed will do whatever its Goldman Sachs handlers direct it to do, and it’s captured politicians like Crooked Hillary won’t make a peep about it.
lets talk about a 1/4 rate hike for 5 more years! LMFAO
They have bought everything else so why not stocks?
Their job is to get you to pay more!
Central to this question should be, where will you get the money? Every one knows about them buying MBS and treasuries, no one ever asks, where did you get the 4 trillion$?
couple keystrokes on a computer I imagine.
Now that the Fed is openly discussing buying stocks with money from nowhere, anyone want to lecture us on supply and demand?
fundermentals dont matter anymore, just do what the fed wants u to do.
Ben, Wikipedia now contains a good explanation of where the FRB gets the money to buy bonds as part of QE.
QUOTE:
But what does it mean for a central bank to “buy” assets? In reality, the central bank is not “buying” anything, in the conventional sense that cash is paid for the asset. What it does is to accept the assets permanently as reserves of the bank that is “selling” the assets to the central bank. Reserves posted at the central bank are in effect the currency used to settle the net day-to-day interbank debts between the client banks of the central bank. Crediting the assets as reserves has two effects: The selling bank now holds larger reserves at the central bank, and therefore can settle more interbank debts. Additionally, and more importantly, the selling bank can now extend a larger quantity of loans to customers, as limited by the allowed size of the fractional reserve ratio. QE can increase risk, because reserves held at a central bank normally should be of the highest quality, e.g. US Government Bonds. When less safe assets are accepted as reserves, one can argue that the soundness of the entire banking system is reduced.
Which craters demand for all consumption and commodities resulting in a failing moribund economy. How bad do you want the economy to get?
Don’t be a DebtDonkey.
Jeez man, I am not advocating QE. I am very much against it!
I’m explaining what QE really is, and it is very scary! The mechanics of QE need to be explained, though, because it is VERY misleading to say that QE is performed by “creating money with keystrokes”.
Clearly QE destroys markets. Going out in the weeds serves as a distraction.
QE destroys markets.
QE destroys markets.
QE destroys markets.
Justme, you are failing to understand what QE really is; it is NOT just assets used as reserves by member banks.
In QE, the Fed is flat-out buying assets–MBS, Treasuries, etc. The NY Fed has an “Open Market Operations” group precisely because they ARE buying assets on the open market. Google “Maiden Lane” (one of the Fed’s Super-SIVs, even if they don’t call it that) and see whether it fits the description that you gave based on Wikipedia? Hint: nope.
No need to guess, and it’s not complicated:
To carry out QE central banks create money by buying securities, such as government bonds, from banks, with electronic cash that did not exist before. — The Economist, “What is Quantitative Easing”
The central bank buys assets, usually government bonds, with money it has “printed” - or, more accurately, created electronically. It then uses this money to buy bonds from investors such as banks or pension funds. This increases the overall amount of useable funds in the financial system. — BBC, “What is Quantitative Easing”
It’s a reallocation of $4t rather than creation of wealth. Any idiot, whether or not they ever sat through a college economics lecture, realizes the impossibility of creating $4t in new wealth out of thin air.
The intro to my previous post could perhaps better have been stated as follows:
Ben, Wikipedia now contains a good explanation of how QE bond purchases are “paid for”. It is done simply by accepting and crediting such (lower quality) assets as good “reserves”. If QE is expanded to include stocks, it means stocks will be accepted as reserves. And that means that all interbank payments, and withdrawal of customer deposits, are backed in part by stocks. Scary.
Scary?
If you dispute The Narrative, you are in the “Swamp of Crazy.” Interesting how the Dems are already categorizing huge swaths of the population as “crazy” or “irredeemable.”
http://www.cnsnews.com/news/article/susan-jones/obama-paints-fairly-sizable-number-republican-primary-voters-swamp-crazy
And for goodness sake, don’t read Camp Hillary’s leaked e-mails. Because that would be wrong, and because we can count on the corporate media to tell us what we need to know.
/sarc
https://www.youtube.com/watch?v=3JuWPS8qGPw
That’s unbelievable.
Ben, you must learn to be a good sheeple and feed on the grass shoots sprouting from the manure the MSM has strewn across the pastures of our neoliberal plantation. By the way, has the HBB been “curated” yet?
has the HBB been “curated” yet?
Don’t worry, Correct The Record’s paid employees are working on it…
Hat tip to Mikey.
B-b-b-but I thought we were told the emails were FAKE? Now its illegal to look at them? Why would it be illegal to look at fake emails, hmmmmmm?
We’re witnessing a government-media complex being buried beneath the weight of its own lies.
BTW, where is our favorite paid shill from Correct The (Broken) Record, telling us water isnt wet?
Its actually perfectly believable given the stasi-like nature of the government-media complex the US has. I expect in the coming days they might grant security clearances to everyone in this country, making a clearance a condition of employment (as well as access to banking and welfare) of any kind and then mandate that anyone with a clearance is not allowed to look at any wikileaks, such as the one covering this little gem:
Quid pro quo between a senior State Department executive and FBI agents over classification of Hilliary email
“there was an alleged quid pro quo” involving Undersecretary for Management Patrick Kennedy and the FBI “over at least one classified email.”
Kennedy applied pressure to subordinates to change classified email codes so they would be shielded from Congress and the public
“In return for altering the classification, the possibility of additional slots for the FBI at missions overseas was discussed”
Yah, I posted that in the prior thread. What made me bust a gut was the phrase “in full disclosure”.
OTOH, it’s not like we didn’t know this sort of thing was happening, that the Clintonized Media was lying to us through all its rotting teeth. Think back to some of the media reports we’ve read about real estate over the years here on the HBB. We knew things were rotten in paradise, and yet we had people like Sean Snaith and others laughing at us.
The “experts”, aren’t. What they are is sickening liars and manipulators.
Cut the cable. Cancel your subscriptions to any and all MSM publications. Hit the bastards where it hurts and let them know you refuse to pay good money to be lied to and fed Establishment propaganda.
“Cut the cable. Cancel your subscriptions to any and all MSM publications. Hit the bastards where it hurts.”
That is exactly how you go libertarian. You get out of the MSM and read articles from AJ and RT. The Guardian is almost as good.
I stopped watching MSM five years ago.
I don’t have cable. Lol, we bought one of those “as seen on TV” (but now available at WalMart) Free-Way antennas. That’s all we’ve got. With phone and internet.
The only things I watch just about are the local weather, Star Trek and some movies. I did watch Wayward Pines this summer, I thought it was pretty good, actually. Reminded me once again what a creative grasp some of the India-American people like M. Knight Shyamalan have on Western culture.
Without cable for > 5 yrs. Too bad the broadband is from the same cable company. Recently cancelled netflix….next hopefully will be Amazon prime….but this will be tough.
This. Do not give your money to these people.
Century Link gets $40 a month from me for internets and that’s it.
I have yet to watch a single political ad this election, not one.
And being stuck in a waiting room with a TeeVee on doesn’t count, because I’m probably listening to music on my phone then…
This “Civil War” inside the Republican Party seems of historic interest. Has anything similar ever happened before?
The Financial Times
Donald Trump and Republican party at war in Ohio
Local infighting amid harassment claims undermine campaign in vital swing state
Donald Trump must win Ohio to have any chance at taking the White House
© AP
October 15, 2016
by: Demetri Sevastopulo in Washington
Donald Trump has devoted a lot of time and resources to Ohio, a crucial big swing state that has long served as a bellwether for the presidential race. But with three weeks until the election, he faces fresh turbulence as his campaign becomes embroiled in a damaging spat with the head of the Republican party in the Buckeye State.
In a battle that mirrors Mr Trump’s fight with national Republican leaders, Robert Paduchik, his Ohio campaign director, on Saturday accused Matt Borges, the Ohio Republican party chairman, of “utterly bizarre” behaviour. In a letter to Ohio Republican leaders, he said Mr Borges had conducted press interviews that hurt Mr Trump in an effort to boost his own chances of replacing Reince Priebus as head of the Republican National Committee.
“Chairman Borges conducted a self-promotional media tour with state and national outlets to criticise our party’s nominee,” Mr Paduchik wrote in a letter to local officials. “I spoke to Mr Trump on Thursday and he is very disappointed in Matt’s duplicity.”
…
Given that Trump can’t maintain peace with his own party leaders, the folks who could most help his chances of winning the election, what fuels the optimistic view that he would do a better job of maintaining peace with other countries than his predecessors?
” maintaining peace ”
I’m kind of thinking that the folks you shill for are fond of war, and make up lies to keep war starting and going. Thousands dying when there is no threat to the US. Money being made. Russia being blamed for their lies and deals. Oh excuse me, for exposing their lies and deals. No proof. Oh, and supposedly it is illegal to view the wikileaks. Crime is not a crime, the acknowledgement of it is.
The odds makers say you will be overjoyed on election day.
“…the folks you shill for are fond of war…”
Me, myself and I are no fans of war. That’s why Trump’s belligerence, and his faithful followers’ eagerness to ignore it, is so troubling to me.
Me, myself and I are no fans of war.
Same here—but it is why Hillary’s war-mongering history is so troubling to me.
The Republican party has always been divided in factions: Big-business globalists, MIC war mongers, racists, and evangelicals. They are naturally opposed to each other. Trump isn’t dividing the party; he is simply failing to stitch those factions together. It takes someone with unique talents, like Reagan or Karl Rove, to get them all to vote in one direction.
“What It Means To Be Hot Can Change Over Time”
Just ask Kim Kardashian. Things start to sag.
Notice how Paris Hilton has disappeared from the tabloid headlines? Washed up at 32 or whatever she is.
Yep. The T & A crass celebrity culture is going down in flames. They did it to themselves. Kardashian was the last straw, I think. A burnt stay-puf marshmallow woman who became a gross caricature of what was once considered sexy in the Marilyn Monroe mold.
Even the NFL ratings are dropping like a rock. Last I heard it was a drop of 12-13% or some such thing. And if that was reported by the Clinton Media, you can bet the actuality is something like 10 plus points or more down.
‘a gross caricature’
With a Hugh Jass.
“With a Hugh Jass.”
Dang! That’s awesome. I’ll be using that one.
I got that from the Simpsons. Back when it was funny. Bart prank called the bar.
https://www.youtube.com/watch?v=FZ9d7SWF7Z0
Lol, there was a whole series of those, but I missed that one.
Another one of the lowlights of this whole crass celeb phenomenon was Miley Cyrus twerking and swinging nude on a wrecking ball. Don’t get me wrong, the poor thing actually has a decent voice and although rather homely, had the potential to be a somewhat competent entertainer. And then she lost her marbles. Like a number of Disney child stars.
She recently blasted Trump for “objectifying” women. WIthout a trace of irony.
I heard a guy on the radio say Cyrus, with that tongue thing she does, looks like a bear trying to lick honey off its face.
He was being kind.
What I want to know is how these young “stars” are going to feel a couple of decades on when they look back and realize what they did to themselves and some of their fans.
The person I’m impressed by is Corey Feldman. He has exposed the underbelly of Hollywood and its treatment of child stars, to the extent that he can. Good on ya, Corey.
Some guys are into that sort of thing.
Madame Twerk is beyond gross.
Miley Virus is a real beaut. A few Sundays and a bible study is her only hope.
“With a Hugh Jass.”
As long as it’s white.
Palmy, if you have Netflix, be sure to check out the 2011 movie “God Bless America.” You can view the trailor on YouTube. Darkly hilarious and a sign of the times.
We don’t have Netflix, but will try to get hold of it.
If you oppose open borders and unrestricted immigration of those who will take advantage of our social services and prey on your population, you are irredeemable in Hillary’s book.
http://www.breitbart.com/london/2016/10/16/foreign-criminality-denmark-doubled-last-six-years/
The stakes have never been higher in any American election.
http://www.theburningplatform.com/2016/10/16/a-vote-for-treason/
The Saudi financial system is under severe stress, what with all the wars and Islamic fundamentalism they’re funding all over the region. But I’m sure if they write another $25 million check to the Clinton Foundation, Hillary would see her way clear to “ask” her fellow Goldman Sachs stooge, Janet Yellen, to print off a trillion more in “stimulus” and funnel it to the needy House of Saud. Since bank crises tend to be contagious…and for the children.
http://www.bloomberg.com/news/articles/2016-10-16/saudi-bank-stress-builds-as-kingdom-s-cash-injection-falls-short
They cut gov worker pay up to 20% I bet 99% still show up for “work”
They did it to themselves.
http://www.globalresearch.ca/the-secret-stupid-saudi-us-deal-on-syria/5410130
“On September 11, US Secretary of State Kerry met Saudi King Abdullah at his palace on the Red Sea. The King invited former head of Saudi intelligence, Prince Bandar to attend. There a deal was hammered out which saw Saudi support for the Syrian airstrikes against ISIS on condition Washington backed the Saudis in toppling Assad, a firm ally of Russia and de facto of Iran and an obstacle to Saudi and UAE plans to control the emerging EU natural gas market and destroy Russia’s lucrative EU trade. A report in the Wall Street Journal noted there had been “months of behind-the-scenes work by the US and Arab leaders, who agreed on the need to cooperate against Islamic State, but not how or when. The process gave the Saudis leverage to extract a fresh US commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority.” [3]”
Anyway, that’s why Syria. Please, someone end this ungodly “alliance”.
Uh-oh. Saudi bank stocks are tumbling again.
http://www.zerohedge.com/news/2016-10-16/saudi-bank-stocks-tumble-bailout-fails-stem-liquidity-stress
Some of those radical Madrassas the House of Saud is funding all over the globe may have to start paying their own way.
These “Libertarians in Name Only” (LINOs) are the controlled opposition, and who Sweet William in his delusions views as viable alternatives to the Establisment status quo.
http://townhall.com/columnists/arthurschaper/2016/10/16/johson-weld-the-illibertarian-joke-n2232946
If I voted this year it would be for minarchist Johnson or anti war Jill Stein. Those OTHER two are an overt fascist and a neoconservative.
Heh, wait’ll you see the bombshell I just posted below. Confirms your positions about “the law”. Hillary and her campaign just freed us from those bonds.
Character matters this election year.
Letter: ‘Basket of deplorables’ comment shows Clinton character
Posted Sep 18, 2016 at 8:02 PM
On Sept. 9, Hillary Clinton said “You can put half of Trump supporters into what I call the basket of deplorables.” In her words, they are “irredeemable.” She claims the rest of Donald Trump’s supporters are people looking for change in any form and are deserving of some measure of sympathy from Ms. Clinton and her faithful.
…
Trump’s Moral Character and the Election
Wayne Grudem
Posted: Oct 09, 2016 3:47 PM
There is no morally good presidential candidate in this election. I previously called Donald Trump a “good candidate with flaws” and a “flawed candidate” but I now regret that I did not more strongly condemn his moral character. I cannot commend Trump’s moral character, and I strongly urge him to withdraw from the election.
…
Trump, crushed and demoralized, is no doubt huddling with his dejected advisors as they contemplate the crushing bad news that PB on the HBB has urged him to throw in the towel.
We well remember PB fantasizing on this board about womanizing. Now he is on a high horse. Fine. Many others are with him. Equally insincere.
When we get the Clinton/Bush dynasty back in office, the financial markets will swoon, and the rest of us will continue to faint. It may be too early for a real hero, but more and more will want one as this continues.
“…fantasizing on this board about womanizing…”
That’s a good one. Why don’t you make up a post to ’substantiate’ your claim?
1. Support Yellen and paper fiat.
2. Get out of the USD with crypto currency.
Pick one.
Might not be easy for an Aspie to appreciate this, but this is not a binary question. You can hate the Fed’s debasement of the currency and “No Billionaire Left Behind” monetary policies, but refuse to place your trust or money in a scam “currency” created by “mining” with computers which has been hacked on multiple occasions. There is a third way: try to make members of the 99% aware of the Fed’s frauds and swindles against them, and refuse to vote for the Establishment status quo.
but refuse to place your trust or money in a scam “currency” created by “mining” with computers which has been hacked on multiple occasions.
The currency itself (e.g. the distributed transaction log) has never been hacked. What has been hacked are individual accounts. Just as with every other form of computer security, bitcoin accounts are only as secure as the (encryption) keys that secure them. Store keys in places with unknown security at your own risk–caveat emptor.
Sweet William,
Dump all those sketchy pseudos and counterfeits and hold onto every dollar you can get your paws on because you’re going to need them.
You’ll thank me later.
You’ll thank me later.
Utterly hilarious! The dollar is sky high and once they raise the rates all the foreign investors will dump US treasuries. The Swiss Franc, Singapore Dollar, and Norway stocks are very low priced relative to the Dollar. When you tell me to jump I better duck.
https://finance.yahoo.com/chart/FXF#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%3D
There will be far more cratering than that SW. And King Dollar will be King Dollar.
Once again, just a phrase from you “you will thank me” - without any justification. No reasoning to back up. Sounds like you will make a great financial advisor (ha ha ha).
Falling prices SW. Falling prices.
thank me…
lolz
http://tinyurl.com/zmhbtec
Either stop yelling at Yellen or go alternative.
https://news.bitcoin.com/revolutionary-protocol-emergence-bitcoin/
I view physical precious metals as an antidote to the Fed and its debasement of the currency.
Treason, pure and simple. Gross violation of FEC law. And now, no fair attacking Bill, this is exactly what he says.
http://market-ticker.org/akcs-www?post=231563
“I was Treasurer for a US House Campaign in the last election cycle, had to be fully aware of these laws and not allow even the appearance of such a violation, say much less deliberately allowing them as is, quite apparently, being done here.
If you wanted hard, documentary evidence of actual crimes by Hillary’s campaign and closest advisers along with Hillary herself it certainly appears that you just got it. This is the bombshell email chain among those released by Wikileaks, as it exposes not an ethical issue, not an issue of first impression or slimy political games but rather what appears to be black-letter criminal behavior by a Presidential campaign with the full knowledge and consent of a large number of senior campaign officials for the explicit purpose of raising money!
If the entire group of people in this email is not immediately arrested and charged, along with everyone so-flagged and from which contributions were clearly, from that email, taken, deposited and spent, then you have exactly zero obligation to comply with any law, anywhere in the United States on both ethical and moral grounds — period.
Your only remaining reason to “obey” said law is fear of being selectively prosecuted, imprisoned and/or shot.
In other words the very same “reason” that a slave has under an absolute tyranny, which, if you allow this event to pass you are consenting to.
Oh, and where is the media coverage on this?
Yeah, that’s what I thought.”
Just to clarify, by “Bill” I meant Bill in Irvine, not Bill (ugh) Clinton.
This is the point he’s been making about “the law”. If they don’t arrest and prosecute, no one has any obligation under “the law”. It’s done.
Thank you for seeing my point of view.
They write edicts to enslave us. They don’t even follow their own edicts, so I do not either.
The only laws I follow are moral laws: laws against murder, assault, rape, theft, kidnapping. “If a law is unjust, a man not only is right to disobey it, he is obligated to do so.” - Thomas Jefferson.
It is obvious Hillary Clinton learned to be a criminal from President Nixon. Politics attracts the worst people. Ron Paul was old fashioned and a shining star. But all of the rest are out for power and kickbacks and are controlled by he bankers. ALL of the top two political parties.
America is not going to have a major change in direction if the criminal Hillary wins. That means you can buy time by betting with her cronies, GS, the Fed, and buy more gold at low prices.
Also there has been a lot of fear mongering that there will be door to door searches for guns when Hillary is elected. Hell no there will not be. Because most of us gun owners, and there are 100 million of us, are prepared to take out several people who violate our fourth amendment to get to our guns. Do the math. 50 million gun owners taking out 150 million gun grabbers. The government knows this very well.
Jerry Brown can sign all the laws his band of criminals in Sacramento write against guns but they are immoral laws and unjust laws. Therefore they are being ignored by lots of Californians. Same at federal level.
Why move?
The non-compliance rate after gun grabbers in CT banned “assault rifles” and large-capacity magazines is in excess of 95%. That’s a lot of newly-created felons to prosecute and jail, most of whom were law-abiding citizens until ill-conceived legistlation created an entirely new class of “criminal.”
http://www.thedailybell.com/news-analysis/gun-law-chaos-failing-connecticut-blows-up/
I think the similar three year old “Safe Act” in New York State has an 85% non-compliance rate.
Why do you buy into every conspiracy theory Team Trump cooks up?
Bill, Hillary, and the entire .1% are literally above the law in our crony capitalist wonderland. Comey and Lynch will never go after the really big criminals.
Dirty Cops.
Thumbs up, and I want to add this that I am proud to say I am not a law abiding citizen.
I challenge all Americans to stop calling themselves “law-abiding,” until all the immoral and unjust laws are repealed.
Hillary appreciates your support for the crony capitalist status quo. Here is your dog treat and pat on the head. That’s a good boy!
A rebel without a clue.
A monkey chanter who does not rebut.
Lost me on that one, SW.
Of course I lost you. You obviously resort to chanting slogans instead of discussing reasons why you disagree with me. You never read any Ayn Rand novel I suppose. If you did, you will notice all the “leftists” are like you - they are secondhanders. They chant slogans and have no purpose or reason for what they do. You are a definite authoritarian, not at all an individualist. You are like the 1930s German man and not a thinker.
It’s funny that the individualist (Howard Roark type) is me while you are the Peter Keating.
So now I’m a leftist. That’s rich, Sweet William.
Again, simple retorts.
I know from your posts against boomers that you are younger than me. You consider me arrogant, when it’s you who are arrogant. You do not know me. You do not know what I’ve been through in my 57 years. You do not know my achievements nor losses.
Your common responses are akin to stabbing at random in the dark. You are a punk and I keep laughing at your pretense of having a coherent philosophy - you don’t.
And you do not know what liberal means either.
You do not read.
“You do not read.”
I read this: “The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”.
“The Only Thing Necessary for the Triumph of Evil is that Good Men Do Nothing”
I’m pretty sure that is why Bill in Irvine keeps posting his views on Trump in the face of vitriolic ad hominem attacks.
While Trump is filling stadiums with his supporters, despite violence and vandalism against them by Soros scum, Crooked Hillary and her lame VP choice are drawing paltry, listless audiences probably comprised of local Democrat apparatchiks who are told to show up with their families and any homeless people they can hire - or else.
http://www.thegatewaypundit.com/2016/10/wow-50-people-show-see-hillarys-vp-tim-kaine-miami/
Do homeless people get to vote?
Then they perform vile witch ceremonies that empower Lord Soros.
When they’re not firebombing Republican Party outposts.
http://www.zerohedge.com/news/2016-10-16/gop-headquarters-north-carolina-firebombed-act-political-terrorism
This was Trumps fault. He triggered some SJW into tripping into overload and acting out. The AG will be studying what charges to file against Trump.
Exactly.
The only winner here is me. And I’m living in your head rent free.
Are you going to keep posting that here even if you lose the election?
I guess qatar has been donating to the clintons. why is that?
Purely out of a sense of gratitude for the fine work the Clinton Foundation is doing in places like Haiti. Surely no quid pro quo was ever proferred or expected.
/sarc
Do you notice how the farther behind Trump slips in the polls, the louder he screams that the upcoming election is rigged?
By contrast, I recall hearing no complaints about rigged elections during the Republican primaries.
The Financial Times
Donald Trump
Donald Trump redoubles ‘rigged election’ claims
New poll shows Republican candidate drifting further behind Democratic opponent Hillary Clinton
5 hours ago
by: Sam Fleming in Washington
Donald Trump and his allies on Sunday stepped up claims that the US election is being rigged against him, as a new poll showed the Republican presidential candidate drifting further behind his Democratic opponent Hillary Clinton.
Mr Trump said on Twitter that the US media was engaged in a co-ordinated effort with the Clinton campaign to undermine his prospects at the polls by running what he claimed were untrue stories of sexual misconduct.
Newt Gingrich, a Trump backer and former House speaker, said on ABC News that without the media’s “unending one-sided assault”, Mr Trump would be 15 points ahead. He added that voters should monitor polling stations, as Mr Trump has repeatedly urged, because elections have been “stolen” in the past.
However, Mike Pence, Mr Trump’s running mate, on Sunday told NBC News the campaign would “absolutely accept the result of the election”.
…
What gives? I thought Triggly-Prof only came here to discuss housing! He just told us that yesterday. I guess he’s also here to hijack threads to attack Trump’s behavior…
Got irony, double-standard and hypocrisy?
“Triggly-Prof”
Priceless.
Ah, you little boys called someone a name. How youthful and insolent.
Name calling is standard operating procedure for people with empty skulls.
You’re making stuff up again Michael. Business as usual for a Used Home Seller.
Mike is a used house pimp?
“Do you notice how the farther behind Trump slips in the polls, the louder he screams that the upcoming election is rigged?”
Perhaps Trump is close to opening his yap and explaining his meeting May of 2015 with his close friend Bill Clinton. I think he is going to get himself out of that deal the bankers, Trump, HRC and the DNC made to pay off Trump for helping Hillary win.
That guy Trump is like a female emotional gossiper. He cannot keep his mouth shut and that is what is so amateurish about his campaign.
“Perhaps Trump is close to opening his yap and explaining his meeting May of 2015 with his close friend Bill Clinton. I think he is going to get himself out of that deal the bankers, Trump, HRC and the DNC made to pay off Trump for helping Hillary win.”
I’ve seen a few of you post this nonsense. It’s one of the most unhinged conspiracy theories I’ve ever heard. And when I pointed out a few days ago all the crap he’s been through, including an assassination attempt, all the vilification, the loss of revenue, what could anyone POSSIBLY “give” him to compensate for that? I noticed no one answered it, either. Care to answer it now?
And what “meeting” are you talking about? The only Bill Clinton “deal” meeting I’m aware of is the one he had with Loretta Lynch, snakes on a plane.
And what “meeting” are you talking about
Why do I have to do your web research for you? Ever hear of Google?
http://www.businessinsider.com/bill-clinton-donald-trump-phone-call-report-2015-8
Are you a sore loser?
We haven’t lost until the last glimmer of the flame of liberty, honesty and justice is extinguished. Feel free to gloat if the corrupt establishment wins the election, but we’re not going away.
Hear, hear! Well said.
No, we most assuredly are not going anywhere. And the indescribably stupid members of the middle and working class who voted for Crooked Hillary will be joining us in droves once the full magnitude of their betrayal begins to sink in.
SCOT LEHIGH
Donald Trump, the sore loser
The Boston Globe
Republican presidential candidate Donald Trump reacts as he walks off stage after a roundtable event, Tuesday, Sept. 27, 2016, in Miami.
(AP Photo/John Locher)
By Scot Lehigh
Globe Columnist September 27, 2016
Oh what an amusing and revealing spectacle a sore loser is.
And that’s what we’re seeing now in one Donald J. Trump. A day after Hillary Clinton pressed The Donald into service as debate-stage mop, the unwelcome reality was settling in with Trump supporters everywhere that Hofstra hadn’t been a halcyon happening. Actually, make that almost everywhere. Off in Hannity Land, Newt Gingrich had declared that Trump had won an “enormous, historic victory,” the dimensions of which wouldn’t become obvious for several days. Just the way, say, Custer’s victory at the Little Big Horn has taken some time to make its true historical effect felt.
…
Trump attacks ‘SNL’ ‘hit job,’ suggests show part of media conspiracy
By Mike Murphy
Published: Oct 16, 2016 11:29 p.m. ET
Someone’s not a fan of Alec Baldwin’s Trump
NBC Universal
Alec Baldwin as Donald Trump on NBC’s “Saturday Night Live.”
“Saturday Night Live” is part of a media conspiracy to rig the election, Donald Trump implied Sunday, saying it’s time for the venerable comedy series to retire.
Suffice to say, Trump is not a fan of Alec Baldwin’s portrayal of him this season.
…
Soros scum alert.
http://www.charlotteobserver.com/news/politics-government/article108627627.html
http://www.theburningplatform.com
During the last year of his reign of error, our beloved Nobel Peace Prize winner, Obama ran out of government accounting gimmicks to falsely proclaim Federal deficits have been falling. His legacy of debt accumulation will go down in history as the last dying gasps of a crumbling empire built upon Keynesian delusions, political corruption, and a Deep State establishment hellbent upon retaining power at the cost of global war and financial collapse.
The entirely fabricated government propaganda data point known as the Federal deficit skyrocketed by 34% in fiscal 2016 (Federal year is Oct. 1 to Sept. 30). The reported deficit in FY15 was a mere $438 billion. Obama and his brain dead minions had boasted about such a small deficit. The country has been in existence for 227 years and Obama had the balls to boast about “achieving” the 8th highest deficit in our history. Just for some context, the savior also led the country to the 1st, 2nd, 3rd, 4th, 5th, and 6th highest deficits in the country’s history. Bumbling Bush achieved the 7th highest in the glorious year of 2008.
Vanilla Ice for President. “If there’s a problem, yo, I’ll solve it.”
Ice Ice Baby….(RKH breakdance clip)
Creative accounting, financial chicanery, and endless bailouts with central bank funny money are not going to save the insolvent Italian banking system. Got contagion?
http://wolfstreet.com/2016/10/16/italy-banking-crisis-bad-debt-still-spiraling-to-heck/
Will the BoE be the first central bank run by “former” Goldmanites that is forced to raise rates to defend its debauched fiat currency?
http://www.zerohedge.com/news/2016-10-16/pounded-how-not-manage-fiat-currency
Oh dear. London home prices have been falling ever since BREXIT. Hate to be the FBs who bought at the top.
http://www.bloomberg.com/news/articles/2016-10-14/london-home-prices-fall-for-fifth-month-worst-streak-since-2009
Doug Band, sucks to be you!
http://www.zerohedge.com/news/2016-10-16/clinton-aide-doug-band-goes-backstabbing-chelsea-apple-doesnt-fall-far
If Trump wants to cancel SNL and your First Amendment rights to watch good comedy sketches as a balm against highly annoying political figures.
Trump’s beef with SNL is no laughing matter
By Dean Obeidallah
Updated 10:05 PM ET, Sun October 16, 2016
See ‘SNL’ spoof awkward debate moments
Story highlights
– On Sunday morning, Donald Trump tweeted that “Saturday Night Live” should be canceled for doing a “hit job” on him
– Dean Obeidallah: Trump’s Twitter rant should concern any American who values free speech — and comedy
…
dog