A Fundamentally Restructured Economy
A report from the Bradenton Herlad. ” Drive northeast along the state’s I-4 corridor and you quickly get a glimpse at why Floridians say they feel financially insecure this election cycle. In the working-class town of Sanford, northeast of Orlando, Julius Angel Lopez, 18, and his 62-year-old father have been hired to fix up the now-closed La Fontana sandwich shop at the Sanford Plaza. The first-time voter from Deltona says he is leaning toward Hillary Clinton. His father arrived from Cuba in the 1980 Mariel boatlift, raised five children, and now has back problems and no insurance.”
“‘I want to hear Hillary and Trump talk about how they can affect people like us,’ said Lopez, who aspires to join the Marine Corps. ‘My dad has worked his whole life and can’t get a disability check. But I feel like the candidates are so focused on each other, they forget about the people of this nation.’”
“Next door, at Ruth’s Salon, Elizabeth Solla, 42, recites her list of concerns: the high cost of college for her two college-age children, the rising cost of rent for them to leave home, and the obstacles to saving for retirement for her and her husband. ‘It worries me,’ said Solla, a nurse at Central Florida Regional Hospital. ‘My mother is retired and Social Security is not enough to sustain her because of the cost of living. You have to find other ways to save money.’”
“Reports from Florida economic development agencies and the U.S. Census bureau boast of an economic rebound in Florida. Yet in poll after poll this election cycle, Florida voters identify jobs and the economy as their top concerns.”
“‘You cannot underestimate how household finances affect everything,’ said Susan MacManus, a University of South Florida political science professor who conducted the recent USF/Nielsen Sunshine State survey. ‘No matter who wins the election, they are going to have to deal with this problem … Every race from top to the bottom is going to feel it.’”
“The USF/Nielsen poll found that the top concern of voters is the economy, and 63 percent of Floridians report feeling financial stress in their households. Of those, 28 percent considered the top threat to the state’s economy to be the lack of well-paying jobs, and 51 percent support an increase in the state minimum wage to $15.”
“Why don’t voters feel the recovery? The reason lies deep within the data. Florida’s post-recession bounce has fundamentally restructured the economy in a way that has left millions with fewer assets, lower incomes, and less potential to withstand even short-term budget stress — such as a major car repair or damage from a hurricane.”
“An economic analysis compiled for the Miami Herald/Tampa Bay Times Tallahassee Bureau by Florida International University Metropolitan Center shows that although many jobs have returned since the Great Recession, the new jobs are paying workers significantly less than the jobs they replaced, and the rebound has been dramatically uneven across the state.”
“‘The collective economy of the state is under performing compared to the national economy and other states,’ said Kevin Greiner, senior research fellow at FIU’s Metropolitan Center who conducted the study for the Herald/Times. ‘But what’s really shocking is that there are so many counties that have been completely left behind since the recession.’”
“The data show: South and Central Florida’s metropolitan areas have seen annual employment levels return to — or exceed — pre-recession employment levels with a net increase of 187,263 since 2007. But in 40 of the state’s 67 counties — including Pinellas, Hillsborough, Brevard, Leon and Escambia counties — there were fewer people working by December 2015 than were employed in 2007. The net number of jobs lost since 2007: 100,929.”
“Median household income, accounting for inflation, has dropped 10.5 percent statewide since 2007. Although many parts of the state saw household income rise in the last year, the statewide median of $49,426 is still below the national benchmark of $56,516.”
“Average wages in 2015 were less than 2007 in 42 of 67 counties and the average weekly wage in Florida was $90 less than the national average of $855.”
“Income disparity continues to grow between Florida’s very rich and very poor. In 2015, the top 20 percent of Florida households — those who made more than $347,408 — made 16 times as much as the bottom 20 percent, and the top 5 percent made 30 times as much as the bottom 5 percent.”
“‘Florida is the poster child of the very uneven recovery,’ Greiner said. ‘The growing gap in economic performance, job creation and incomes between the state and the rest of the U.S. economy is dramatically amplified at the local level.’”
“The pattern is playing out in the rest of the country as well, with ‘pockets of winners and losers’ as major metropolitan areas recover at a more steady clip than rural and suburban regions. What does this mean for the election? Voter perceptions of the economy have been critical to the outcome of presidential elections in the U.S. for the past 40 years. Ronald Reagan identified the ‘misery index.’ Bill Clinton’s reminded voters ‘it’s the economy stupid.’ And Barack Obama capitalized on the call for government to respond to the 2008 Wall Street collapse. This year is no different, except in magnitude, said Sean Snaith, director of the Institute for Economic Competitiveness at the University of Central Florida.”
“‘I don’t really remember an election cycle that carried with it the degree of uncertainty that this one does,’ he said. ‘There is always the uncertainty that we are in a fork in the road but in previous cycles at least you knew where those roads would take you. This year, it’s not entirely clear.’”
“When the county-wide economic data is compared to the results of the presidential primary in March, there is a correlation between counties that overwhelmingly favored Donald Trump in the Republican primary and counties with the highest declines in household incomes. The FIU data found that the average household income in Florida declined in 52 of the 53 counties for which there is reliable data from 2007 to 2014. Economists call these sinkhole communities — not because of their geologic features but because of the lack of economic mobility.”
“In Florida, the counties with double-digit declines in household income who supported Trump in the primary over Marco Rubio are Charlotte (55 percent for Trump to 20 percent for Rubio), Clay (51 to 22) , Lee (48 to 22), Leon (30 to 29), Martin (51 to 21), Nassau (51 to 22), Okaloosa (45 to 22), Orange (40 to 21), Osceola (47 to 26), Putnam (57 to 17), Seminole (42 to 29), St. Lucie (58 to 20) and Volusia (53 to 21).”
“The decline in household incomes also led to increased poverty rates among every demographic group in Florida , the FIU analysis found. Poverty rates increased in 52 of the 53 counties with reliable data, and 44 percent of the state’s counties had poverty rates above the national average. All income classes experienced income declines between 2007 and 2015. However, those in the bottom 20 percent saw their incomes drop 17 percent in Florida, compared to those in the top 20 percent who saw incomes decline only 7.5 percent.”
“According to the FIU State of Working Florida report, newly arrived immigrants, and foreign-born Floridians experienced a poverty increase of 14 percent in the last five years, compared to 10.6 percent for those born in the U.S. At the heart of the restructuring is the steep decline in worker wages: 40 of Florida’s 67 counties have seen real average annual wages — adjusted for inflation — per employee decline from 2007 to 2015, according to the FIU analysis.”
“The biggest drop was in rural Liberty County, where wages dropped 10.8 percent. Next worst is Monroe County, which saw wages fall to 8 percent below where they were nine years ago before the recession. ‘The nature of this recovery is deceptive in many ways,’ said Snaith. Normally, in a recovery low unemployment rates would be accompanied by ‘full employment and robust growth in wages and salary,’ he said. But this recovery is different. ‘We don’t have full employment and rising wages.’”
“As real estate, administrative and construction jobs have been replaced by lower-wage jobs in all sectors, the shift has led to a drag on the rest of the economy. In 40 of 67 Florida counties, average annual wages — adjusted for inflation — per employee declined from 2007 to 2015.”
“‘The most immediate implication is there is less money overall in the economy per capita,’ said Greiner of FIU. But, he added, the longer term impact is the inability of people to sustain any hit to their pocketbooks from increases in groceries, utility bills, transportation, taxes or the need to pay an insurance deductible from Hurricane Matthew.”
“‘When someone is getting paid a good middle-income wage, they are spending more on restaurants, housing, clothing and maybe a car,’ he said. ‘When wage growth is low, their housing burden increases and it puts pressure on the average household to spend less on everything and save more.’”
“In Seminole County, where Sanford is the county seat, all but about 3,600 of the jobs lost in the recession have returned as the recovery matches the state with a two percent decline in total employment since 2007. But the poverty rate is up 24 percent, wages are down 20 percent and median household income dropped 12.9 percent since 2007. In the March primary, 42 percent of Republican voters supported Trump and just 22 percent chose Rubio.”
“At one end of the Sanford Plaza is a discount clothing store, a cash advance company and Iglesia Misionera, the church of New Hope. At the other end is a low-cost furniture store and Bravo Supermarket, where a steady stream of customers are lining up for the buffet lunch. ‘Things look like they are better, but really it’s not,’ said Emilio Bernado, 49, of Tampa.”
“Bernado, who owns a transport company, immigrated to Miami from Cuba 25 years ago. He said business is better this year than it has been but still not steady. ‘I’m voting for Trump because I’m a Republican, but it doesn’t make any difference,’ he said. ‘Pretty soon we’re going to crash again.’”
“Although the recovery has lifted much of Florida’s housing market, the data show a shrinking middle class with a rising number of people who are now too poor to own a home and are struggling to find affordable rental property. In Seminole County, for example, housing costs have become so high that the county has seen a surge in the development of extended stay hotels.”
“Andreas Hunt, 25, of Sanford, is getting by living with his 66-year-old grandmother while he attends school to become a licensed practical nurse and works weekends as a nursing assistant. A broken leg and no health insurance left him living paycheck to paycheck with a slew of hospital bills. ‘I barely can make my car payment,’ said Hunt, who hopes to graduate in February and get a job as a nurse making $18.50 an hour with healthcare benefits.”
“He’s voting for Clinton, he said. ‘I listen to my grandmother, and she says it’s hereditary,’ he joked. But he has no clear idea what either candidate will do to put more money in his pocket. ‘They spend all their time talking about each other that it’s become a game,’ he said.”
“Snaith, the UCF economist, says that retirees with financial assets have been among the greatest beneficiaries of the bullish stock and bond market and have seen their wealth rise. By contrast, the middle class, whose primary asset is often their homes, have not seen the gains in their home values recover to pre-recession levels. Snaith warns that whoever is elected president in November, ‘it is highly likely the next administration will be dealing with a recession. We’re in the eighth year of this recovery.’”
“His outlook is grim. With slow growth in gross domestic product, declines in payroll and private investment spending, China’s ’scary debt bubble’ and the reductions in consumer confidence, he said, ‘that never has a happy ending.’”
Is Mr. Market trying to price in a Trump win?
https://wikileaks.org/podesta-emails/emailid/54085
I just looked at the Charles Hugh Smith essay on Zero Hedge here:
http://www.zerohedge.com/news/2016-11-08/now-presidential-election-side-show-finally-ending
Here’s what I don’t get: Although I rather like CHS, here he is parroting that line about TWO “unpopular” candidates. Even he has drunk a bit of the Kool-Aid in this election.
It depends on what is meant by “popular”. If we are talking about “the people”, I would argue, based on the hordes of people that show up for the rallies, the avalanche of donations from the public, that in fact Trump is immensely popular, vs Hillary, whose “rallies” are anemic at best and dismal at worst, to the point that they had cardboard cutouts of her at venues where she didn’t show up. In order for her to get any kind of traction, she’s had to have surrogates such as Obama and Springsteen and JayZ and Beyonce to pull any kind of crowd at all.
Based on “the people”, Trump is popular. Hillary is a pariah. In fact, Trump has been so popular, that it’s taken the entire establishment in the form of the MSM, Wall Street, .gov, etc and an army of paid trolls (vs Trump’s unpaid enthusiasts) to try to keep him down.
Now, of course, if we’re talking about “Establishment” popularity, that would be Hillary. And the Establishment enthusiasm, based on donations from the wealthy and captured media, seems to be pretty high.
I would argue that both candidates are quite “popular”, it just depends on who they’re popular with.
I see it all over social media, the Hillary haters HATE her. And its all walks of life. They hate her, they hate her policies, they hate her lying, cheating, power obsessed ways. On the local radio yesterday they were taking calls on peoples opinions, vast majority were going Trump (yeah, its radio but its also in a super blue state, about 75% went for Obama last time), many voting for the first time, and some viewed her election as an existential threat to this country’s future. One guy said most elections were like a sports game, he rooted for one side but if they lost it wasnt going to affect his life. This time its different he said. I have to admit Hillary makes the perfect poster child for the out of control, corrupt government we have.
She’s not much liked by much of her “inner circle” either, as revealed by Wikileaks.
It’s not even so much Clinton that scares me, but the bunch of snakes that comprise her “power structure”. The thought of Robby Mook and Huma making policy decisions induces a certain nausea.
Palmy, did you read this? I blew it off initially as a stretch but theres been more research added and in reading it last night and looking at the images, I’m starting to wonder if there isnt something VERY sketchy going on with the Podesta brothers:
https://www.reddit.com/r/The_Donald/comments/5bpa7c/breaking_from_the_anon_who_brought_you_the_laura/
Soros having the dirt on them would explain their intense motivation for backing such a lame dog as Hillary.
Yah. One of the theories advanced that has the ring of truth is that the international human trafficking and pedophilia rings facilitated by the Clinton Foundation is so massive and reaches into the highest levels of government both here and internationally that it’s “too big to jail”. Why? It would bring down the entire power structure and put the US at risk. That’s the excuse for not arresting and prosecuting. Why should this surprise anyone? The same thing happened with the Bush administrations. Franklin cover-up, anyone?
All of a sudden reddit seems to have gone quiet on the Wikileaks. Check out today’s AMA with three supposed “advisors” to Trump. That oughta turn your stomach. A lot of red white and blue d***-waving there.
And nobody, I mean NOBODY, mentions the how we got into this Middle Eastern clusterfark, which is to say, the petrodollar and the unholy alliance with the Saudis, who have dictated policy to both the Bushes and the Clintons and no doubt, Obama as well.
“A lot of red white and blue d***-waving there.”
Well, shoot, did you have to do that manually, Ben, or is this a new posting feature like they have on city data?
I really apologize for the potty keyboard. Thanks for putting up with it.
I did it. Because I had time.
Thank you. I’ve been warned.
Trump’s already won.
Sad pandas are too stupid to know what that means.
Black Trump supporter video bombs msnbc, lol!
https://twitter.com/welovetrump/status/796071683958439937
When I first read FBIAnon’s AMA, I thought that was some wild fiction, but he’s been proven right at. every. turn. And he was 100% right in one particular off hand comment - meme magic is real.
Just went to Hillarys youtube channel, view counts are low (must be low energy, lol) but comments of which there are hundreds, sometimes thousands, are not visible! Whasup youtube, was it the . . . Russians? I know a few days ago when I looked at pro-hillary videos on youtube, the comments were at least 2-1 hating her. F-king censorship, hope google goes bk.
Whenever I find myself at YouTube I end up watching girls riding the Sybian.
Housing turmoil reflected in ballot measures around the bay
http://www.sfchronicle.com/politics/article/Housing-turmoil-reflected-in-ballot-measures-10423852.php
DR Horton Inc. (DHI)
NYSE - 27.68-1.69 (-5.74%)
52wk Range 22.97 - 34.56
http://finance.yahoo.com/quote/DHI?p=DHI
LOLZ
Family member used to work in their Ft Lauderdale office 2001-2005.
‘Bernado, who owns a transport company, immigrated to Miami from Cuba 25 years ago. He said business is better this year than it has been but still not steady. ‘I’m voting for Trump because I’m a Republican, but it doesn’t make any difference,’ he said. ‘Pretty soon we’re going to crash again.’
‘Although the recovery has lifted much of Florida’s housing market, the data show a shrinking middle class with a rising number of people who are now too poor to own a home and are struggling to find affordable rental property. In Seminole County, for example, housing costs have become so high that the county has seen a surge in the development of extended stay hotels.’
Here’s where the tone deaf posters here can say this guy is a racist. Go ahead, it isn’t going to change how people feel. In a very real way, this populist (or however you want to characterize it) mood is a result of the failure to react to the housing bubble. And it could be said the housing bubble was created because of the stock bubble. Maybe it’s all been done to mask our feeble globalized economy.
Should we be surprised that the governments decision to foam the runway for the banks didn’t result in higher incomes? Look at how tenuous these people feel about their economic prospects. Ask the people around you. Higher house prices and stocks and rent haven’t done squat for the vast majority of households. We still have interest rates and QE at crisis levels! That’s all you need to know; the policies didn’t work. We should have gone in the exact opposite direction: let the banks fail. Learn the moral hazard. Let us have cheaper housing. Get out from under these bad loans and start anew. No more ponzi economy.
How much of the e-CON-omy is malinvestment?
Government workers exceed manufacturing workers by over 9 million.
http://www.cnsnews.com/news/article/terence-p-jeffrey/government-workers-now-outnumber-manufacturing-workers-9977000
Yeah, it’s a conservative site and has an agenda, but still, there’s data from the BLS that is mind-blowing.
And thanks to wikileaks, we have a pretty good insight into how government and satellite workers spend their time and money. On bullschitt at best, on harmful activities, twisted stuff, etc.
And gov workers get pensions ,hc etc
How many private sector workers does it take to feed a gov worker ???
How many private sector workers does it take to feed a gov
worker ??
A lot…Moma raise your kids to be Janitors;
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0ahUKEwjP-Je875nQAhULW7wKHdmACGsQqQIIHDAA&url=http%3A%2F%2Fwww.breitbart.com%2Fbig-government%2F2016%2F11%2F06%2Fcalifornia-janitor-collected-276000-salary-past-year%2F&usg=AFQjCNF_tki6jR0SDNgFXa_vqoXgkk8mXQ&bvm=bv.138169073,d.cGw
BaHHHHHH
cali
how are the 100k+ life guards doing ?
We should have gone in the exact opposite direction: let the banks fail.
+1, but with a small caveat: I believe the optimal course would have been to let the banks fail, but clean them up expeditiously as they fell. In other words: as bank failed, they should have been taken over and kept operational while they are either cleaned up or wound down, depending upon whether they were experiencing just a liquidity squeeze, or were actually insolvent. If the former (liquidity), adjust the duration of their asset-base as needed, and then let them continue, with closer attention from their regulators (who should have been reprimanded for not anticipating the failures); if the latter, wipe out the shareholders entirely (there is no equity value of an insolvent bank), and then re-privatize either in whole or in parts.
There’s a lot in that statement, Ben. I think we still need the banks, because who else is going to service the mortgages? However, the gov went overboard with the freebies. They should have yanked those freebies the *moment* the bank booked a penny in profits, or paid the CEO too much, or went an inch out of line. No more QE, no more discount window, no more FASB # whatever.
‘who else is going to service the mortgages?’
Allow me to apply my many years in business and accounting to answer that:
We’ll find somebody else to do it.
lol
There will probably be some out of work teenagers that we can put to work licking stamps and stuffing envelopes.
I’ve been in a rough spot a time or two, having made some bad decisions and trying to apply herculean effort to make them good. The day one says, OK, stop, let it fall, can be the beginning of things much better. Almost instantly.
” because who else is going to service the mortgages?”
Absolutely Donk! It’s such a complex and costly task. Like slapping houses together.
Really, what good are any of our instititutions? Do they do anything productive? Let’s take the FED. Are those productive workers? No, they are destructive and parasitic. As are the banks. As is much of the MSM. Everything based on lies, twisted information and bullschitt.
Have a Cup of Tea
Negative thoughts can occur for many different reasons—but if yours are focused on feeling lonely, you may gain some comfort by warming up, literally. Yale researchers discovered in 2012 that people recalled fewer negative feelings about a past lonely experience when they were holding a hot pack. (They also found that lonely people tend to take longer hot showers.) Substituting physical warmth for emotional warmth can be a quick fix, the researchers say—just don’t let it take the place of real human interaction in the long run.
China just bought Dick Clark!
Garbage in, garbage out. That’s the economy.
The globalists have shifted value-producing jobs offshore, and those remaining here are fewer in number due to automation. So the Chinese are getting rich from this and coming back here to invest their profits.
How is our consumer-based economy supposed to stay afloat? I could see this coming 25 years ago.
In the beginning, outsourcing made our standard of living appear to be OK, when Joe seat-installer at the local assembly plant could go to Walmart and buy his kids tennis shoes for $7/pair. But when Joe’s plant shut down, and Joe is now too poor to even shop at Walmart, what now?
Nonsense. China is deeper in debt than the US.
And computer coding 101
As evidenced by the schitty algorithms that a number of search engines are running on websites these days. Priceless.
Lots of interesting stuff there. But annual income of $347,408 to be in the top 20% of households in Florida? That can’t possibly be right, that sounds more like the top 1% of households. I don’t even think the top 20% here have that much in total assets.
Even people who are doing comparatively well can see what the trend is, and what the future likely has in store for them. Over the last couple of days, the presidential political yard signs finally emerged in my neighborhood. Most are for Trump.
In my super blue county in a super blue state there were a few trump signs over the past month or two, then out of the woodwork like mushrooms they sprouted up all over in the past week and especially over the weekend. Not a single clinton sign, and I talked to people online from other counties in my state and its the same. If enough people vote 3rd party or dont vote at all Trump can flip some blue states and shock a lot of people. If Bernie was running he would win hands down, but he was a plant/sell-out from the start.
What bothered me was that his campaign was, and still occasionally is, described as a revolution. And it ended with his ringing endorsement of Hillary Clinton, after everything that was done by her campaign and the DNC to subvert his candidacy! That’s a heck of a revolution.
Yes, I loved how he (and same for Obama) can run on platforms so opposed to the rival, such as Clinton, and make remarks about being bought off, for the corporations, banks, etc, etc, then immediately fold and say “He/she is your candidate!! Vote!!” Like really? All of the sudden all of your backbone, morality, principles, convictions, go out the window in the name of the political brand? It’s pathetic.
Some people have a destination. Others just jockey for position.
I think the $347,408 figure has to be the net worth, not the annual income, for the top 20%.
Poverty rates increased in 52 of the 53 counties
FL
-scary
All you tightwads, there is no housing bubble.
http://www.fool.com/mortgages/2016/11/07/no-were-not-in-a-housing-bubble-and-yes-home-price.aspx
“Snaith, the UCF economist, says that retirees with financial assets have been among the greatest beneficiaries of the bullish stock and bond market and have seen their wealth rise. By contrast, the middle class, whose primary asset is often their homes, have not seen the gains in their home values recover to pre-recession levels. Snaith warns that whoever is elected president in November, ‘it is highly likely the next administration will be dealing with a recession. We’re in the eighth year of this recovery.’”
Almost 11 years I’m on this blog. 11 years. And it was 11 years ago that this pusillanimous bag of pus, Sean Snaith, carpetbagged his way from California to a cushy job at UCF and started spouting his “souffle” theory of housing in Florida. Hey, Sean baby, go join John and “Fat Tony” Podesta for a little Spirit Cooking.
Looka this pos: eighth year of this recovery. What recovery, Snatch? If you gave him an enema, he’d be a foot tall. Maybe.
sending you LAY too.
bookends.
aqius, howdy! Spot on.
One of the huge flaws in the way the Democratic Party has approached economic issues — to the extent the mainstream left cares about economic issues at all — has been the level of condescension: essentially to say, “you’re not doing that bad, we’re in a great recovery, just look at statistics x, y and z.” But telling people that they aren’t struggling, when in fact they are, is not a winning political strategy, especially when legitimate concerns about household finances are dismissed an expression of privilege.
We used to have opposition in politics. Checks and balances. It was healthy. There also used to be liberals and conservatives in both parties.
During one of the primary debates, Jeb! admitted he was part of the establishment. Just who is the establishment? Is there more than one establishment? The world order, almost all the major institutions are built around globalism. There were 17 GOP candidates at first: how many were anti NAFTA and WTO? On the other side there were no candidates against globalism. So out of 20 or so people running, 1 was against globalism. Why wouldn’t there be 4 or 7? There has been no opposition to globalism for decades in either party. That’s where the establishment is.
Remember when the Democrats were the party of labor? When did that change? Right after NAFTA was signed. Our standard of living started declining when we began to do crappy trade deals with Japan. Remember US made TVs? That all went to Japan in a heartbeat. Then NAFTA, then WTO blew the door wide open. No opposition to it, even though it was making profound problems for US labor.
Turn on a TV. What do you see? House flipping shows. Finding treasure in a storage locker. Yesterday I read Bill Clinton in wiki-leaks lamenting something like 80% of people in the US haven’t had a raise in 10 years. They know what the problem is, but refuse to address it. More globalism is what they want. Yellen is already talking about more QE or negative interest rates. Like you said, we just get BS from these people. Bernanke said, “I couldn’t refinance my house!”, meaning credit was too hard to get. Does he really expect us to believe a guy who makes $150,000 for a speech needs to refinance his house or couldn’t if he wanted to?
But we want less gov, not more I thought. As the millennials buy less junk, the tide will turn.
“Conversely, a Trump win would measure just how much separates a major portion of the electorate from the leadership class in virtually every American institution, ranging from business to national security to media, in the form of newspaper editorial boards—all of which have coalesced in virtually unprecedented fashion against the tumultuous GOP nominee.”
https://www.theatlantic.com/politics/archive/2016/11/clinton-trump-demographics/506714/
It’s exactly as Ron Paul said, its a one party, there is no difference. I really wish people woke up to him in 2012, it was his best chance. Democrat, Republican, they all believe in the debt fractional reserve system, entitlements, and warfare, there is no difference. I think people woke up a little more, hence the appeal of the “outsider” Trump, except he’s not a statesman at all, unlike Dr. Paul who knew how to politic.
It’s a sad state of affairs and the economy will never improve unless we redact these globalist trade treaties and fight back these “currency” war games. It really is sad when you think about it. Most people think its just talking points, or that its too complicated to fix, but the economy isn’t complicated. Market forces always dictate.
The lp has signs up in my hood= progress
Not until they can find a candidate to represent the brand that’s better than Johnson.
Gary Johnson is an imbecile, and his creepy VP William Weld is a “former” Bush 41 appointee and a lifelong corporate statist and neocon.
These people are, first and foremost, LIARS. If their lips are moving, they’re lying. Bernanke, the Clintons, Yellen, Obama…… it never ends…
Wouldn’t it be easier for the government to just set the price of houses directly?
Every year on January 1st, set all houses 25% higher in price. Might as well.
the FSA has assembled
instead of one mascot race Hilary will have to appease anyone that wants sumfin fo nuffin
47% + 5 % gov workers = majority
A lot of Govt workers I know and work with are conservative white collar professionals (engineers, contract admins, legal counsel, etc) and support typical conservative values, and they are bitter about the cuts and freezes and overall morale decimation brought on by 8 years of Obama. So never assume Govt workers are just FSA-democrat supporters.
I’m near dc and they are ALL voting hilary because even though the spending will kill their kids, they’re going to go big (spending)
FWIW, the cuts and freezes came from the Republican Congresses. And the overall morale decimation has many sources; several are right here on this blog.
Any feds quitting? Resumes pouring in.
It’s done, voted for HRC. I dont want Trump and Carson and Cristie all in the same cabinet deciding my kids future.
Remember, use LED lights, good insulation and windows and solar panels, so we dont need middle east oil!
“Remember, use LED lights, good insulation and windows and solar panels, so we dont need middle east oil!”
Wow…lol…you think we generate electricity and heat our homes with middle east oil?
“I dont want Trump and Carson and Cristie all in the same cabinet deciding my kids future.”
Hillary and her buddies have some great plans for your kids future! They’ll definitely have gigs (if they’re under 15). Please forward their resumes to John and “Fat Tony” Podesta.
+1, RW—”new attitude” needs some new information.
Roughly 1% of our electric generation comes from petroleum—and thus is split between US oil and foreign oil. Breakdown here: https://www.eia.gov/tools/faqs/faq.cfm?id=427&t=3
Most home heating is split between electric (see above), natural gas, and heating oil; middle-eastern oil would fall only in to the last category; didn’t find good data on the split between those three.
your kids future is already cast, marshal law, censorship, lower standard of living, minimal pay jobs, will die earlier then you because of the hopelessness ,
there will be no grand kids unless on welfare and maybe jail time….a really dismal future …unless you are in the the top 5-10% then the world is all yours…
http://www.zerohedge.com/news/2016-11-08/us-military-and-intelligence-experts-gear-election-hack-its-all-hands-deck
Ha-ha, what a complete joke. “Military and Intelligence Experts”. Really? We don’t have any, judging from the complete clusterfark they’ve made of the planet. “All hands on deck”. What does that even mean? Oh, right, they’re all going to a Podesta pizza party at James Alefantis’s place.
Seriously. We’re supposed to have faith in the “intelligence” agency(s) that know you shouldn’t pick sides in the historical Shiite-Sunni feuds but we did anyway? The same one that decides which rebel groups to arm, and collects mass data on the entire planet, yet terrorist attacks still occur? The ones that know Iran is not capable of nuclear weapons but don’t pass the memo to the politicians who are war mongering?
Great comment.
Maybe they misspelled the word “deck”. Look at Lindsey Graham, think he likes pizza?
Oh, and now Herr Merkel is worried about russian hackers affecting her reelection. Guess they’re all reading off the same Soros authored play book.
http://www.zerohedge.com/news/2016-11-08/angela-merkel-warns-russia-may-interfere-german-election-next
‘They’re desperate. It’s a global bubble. And the markets believe they’ll do anything to keep it going’
bummer, censored on election day.
I’m in San Jose, CA right now. I must say that the traffic has become horrendous since my last visit two years ago; the difference is incredible. Seems like the area is filling-up with gated condo complexes too. Great weather compared to home… mild and comfortable.
Waze is your friend.
Gee, seems like voting has been awfully heavy considering we have two “unpopular” candidates.
Like I said above, most popular. candidates. ever. Except one’s popular with the people, the other is popular with the establishment.
Office Pileup Gets Worse in Houston
Wall Street Journal-6 hours ago
Two years after a collapse in oil prices, the increasingly painful hangover shows … that Houston offices are not unlike Miami condos amid the housing bust
Israel Poised for Big Decline in Home Prices, Study Warns
Haaretz-12 hours ago
The Bank of Israel has expressed concern in separate reports that Israeli banks are also at risk from a housing market downturn, due to their extensive mortgage …
‘Banks continued to tighten lending standards to commercial real estate loans in the third quarter, according to a Federal Reserve survey released Monday.’
‘The Fed survey of senior loan officers of 69 domestic banks and 21 foreign banks found standards were tightened on all types of commercial real estate loans. A large fraction of banks reported tightening standards for construction and land development and for loans secured by multifamily residential properties. A smaller fraction also tightened standards for loans secured by nonfarm nonresidential properties.’
‘Some Fed officials, like Boston Fed President Eric Rosengren, are worried that a bubble may have formed in the sector as interest rates have stayed close to zero since late 2008.’
“In a conversation with TheMarker, Gruber said he saw current conditions as being similar to the situation in Israel in 2000, when home prices began a seven-year decline of 30%. “At the start of the 2000s, we were building a lot more houses than were needed. It was a period of excessive supply, and it seems we’re entering a period like that again,” he said.”
Yep, excessive supply.
Everybody has heard the trivia of the county that correctly predicted the winner of the presidential election for the last X number of years, but have you heard the trivia regarding which counties picked the loser EVERY time for the last 20 years?
Answer: all of them! Politicians S-U-C-K!
Exit polls indicate the sheeple are waking up (not a minute too soon).
http://www.breitbart.com/live/reutersipsos-exit-poll-strong-leader-think-economy-rigged-rich-powerful/
If Hillary wins it will likely be through rampant voter fraud.
http://www.dailymail.co.uk/news/article-3915104/Woman-wears-burka-poses-Huma-Abedin-polling-station-New-York-City-given-paper-ballot-vote-Clinton-aide-s-seems.html
MAGA, Bitchez….
Only the dullest of the sheeple trust the captured media for their news and information.
http://www.nytimes.com/2016/11/08/business/media/tv-networks-big-worry-voters-wont-trust-them-on-election-night.html
“George Stephanopoulos, center, rehearsed for election night over the weekend at ABC studios in New York City. Credit Sasha Maslov for The New York Times”
George Stephanopoulos’s Wife: We’re Leaving America if Trump Wins
by BEN KEW
Nov 6, 2016
The wife of prominent ABC news anchor George Stephanopoulos, Ali Wentworth, has claimed the couple will leave the country should Donald Trump become president of the United States.
http://www.breitbart.com/2016-presidential-race/2016/11/06/george-stephanopoulos-wife-leaving-trump-wins/
Bon voyage!
“TV Networks Face a Skeptical Public on Election Night”
And every other night.
Hillary’s puppetmaster George Soros is trying to plant his stooges in hundreds of public offices and otherwise subvert American democracy.
https://pjmedia.com/jchristianadams/2016/11/07/leaked-documents-reveal-expansive-soros-funding-to-manipulate-federal-elections/
Pets really do look like their owners.
http://imgur.com/a/4e0nN
This actually happened today in Jupiter Fl.
When I was putting my ballot in the macine today I asked the poll worker…
Who made this machine?
Beforw she could answer Idon’t know the guy behind me said…
George Soros
The story below also happened today.
https://www.youtube.com/watch?v=2im9WUrwJpY
“Those who cast the votes decide nothing. Those who count the votes decide everything.” — Joseph Stalin
There is voter fraud , dam it!
Someone’s messiah goanget schlonged.
The smiles on the CBS News anchors faces looks like that of someone who had just dragged a large carcass a long distance across the finish line.
They are really happy with the Hispanic vote in South Florida.
https://www.youtube.com/watch?v=pUN6FsQFOkY
Now CBS News anchors faces looks like they ate some of that carcass and it isn’t agreeing with them.
Voted yet?
http://knuckledraggin.com/2016/11/voted-yet/
Make america work again! TRUMP
I wonder if he’s going to get 25% of the African-American vote?
Hope n’ change Goldman Sachs can believe in didn’t work out so well for that demographic. Did they learn anything? We’ll see.
I propose a Constitutional Amendment that rabid neocons like Crooked Hillary can only draft the sheeple who voted for them. What an awesome way to cull the herd of our mental defectives.
I wonder if the knuckleheads will vote for more of the same today?
46% of voters are angels and 46% are demons.
politicians are representative of the people.
Homebuilders hit 8-month lows.
http://www.zerohedge.com/news/2016-11-08/homebuilders-hit-8-month-lows-after-death-cross-strikes
How much more debt do we need to leverage the economy more? We have leveraged the GDP up the wazoo.
You can only load up people with debt for so long before they cant service it and the economy takes a nosedive in the sh@tter.
Credit cycle? We had 8 years of debt trying to fix a debt problem.
Real production is turrible!
With 0.22% precincts reporting, Hillary leading in South Carolina.
Yeah no fraud there.
I hear there is some voter intimidation going on.
It’s down to the Florida panhandle.
http://www.nbcnews.com/politics/2016-election/FL
another al gore debacle in the makings? Hanging chad? Voter intimidation? LMFAO
Right now a 130 vote difference.
Now 8,000 plus Trump.
Now 18,000 plus Trump.
62,000 plus Trump.
there u go voters wised up. SAY NO TO DEBT!
112,000 plus Trump.
Crooked Hillary is wishing the State Department would’ve resettled 120,000 Somali refugees in the Florida panhandle.
138,000 plus Trump.
Looks like the Somalis wouldn’t have been enough.
140,000
“Crooked Hillary is wishing the State Department would’ve resettled 120,000 Somali refugees in the Florida panhandle.”
The Government Greyhounds with Texas plates were always heading south towards Broward/Dade.
Given the numbers reported, Trump is past the finish line in Florida.
LOL, Politico dot com reported NJ as a win for Hillary before any of the precincts reported. What do they know that we don’t?
104,000 apparent winner.
“We need more credit to create more debt.” Clinton
“We need more ‘investment’ in _____” (read: taxation to steer patronage and graft to Hillary’s crony capitalist donors and DNC-connected firms).
With a clinton victory you will get more credit created out of thin air and more debt serfs!
People want to work. They dont want to be slaves to the bankers.
Hillary supporters do not want to work. They want to freeload off the productive like the parasites that they are.
working class voters!
One thing that’s crystal clear is the vast divide between the corrupt, Democrat-maladministered cities, which are blue cesspools of dystopia, vs. the solid red of the surrounding rural counties or suburban municipalities. It’s becoming clear that the DNC’s supermajority of social parasites now has the votes to impose a collectivist kleptocracy over the rest of the country, i.e. those who pay the bills. This is not going to end well. Taxation without representation sparked the first American revolution; it might spark the next one as well.
Like I said awhile back, trump voters produce.
People don’t want to work.
The imbecile Gary Johnson is pulling off more votes from Trump than Jill Stein is pulling off from Hillary, which is no surprise given the moral bankruptcy of the Democrat base.
Meanwhile, from his perch on Crooked Hillary’s shoulder, Sweet William is squawking about his anarcho-capitalist rejection of corporate statism.
TRUST THE VOTER!
Oh dear. The Fed’s Ponzi markets aren’t liking the prospect of having their endless “stimulus” crack cocaine cut off or Yellen the Felon being able to defraud savers with impunity.
http://www.marketwatch.com/investing/multi?tickers=ymz6,esz6,nqz6
Oh dear. Things aren’t going the oligarchy’s way. Their MSM presstitutes are looking increasingly dejected as the night wears on.
http://www.businessinsider.com/election-results-live-blog-2016-11
God bless Texas!
God bless every single voter that rejected the corrupt, sleazy, crony capitalist status quo.
That’s a good example of media whatever. Clinton was never going to win Texas. What possessed them to even think she would?
The Oligopoly media does not appreciate the alternative media poking truck-sized holes in The Narrative and voicing open disdain for our Real Journalist media sheepdogs and their pro-Hillary shilling.
http://www.nytimes.com/2016/11/09/business/media/breitbart-alt-right-coverage.html?action=click&pgtype=Homepage&clickSource=ts-item%202_of_5&module=span-abc-region®ion=span-abc-region&WT.nav=span-abc-region
Oh dear. Even the NYT is conceding Trump has a 95% probability of winning Florida.
http://www.nytimes.com/elections/forecast/president/florida
What’s going on here?
I dunno. Florida’s killing me right now. I’m almost ready to say sayonara and head for Texas Hill Country.
Weird difference between Zero Hedge’s numbers and what Drudge has.
If Colorado goes for Crooked Hillary, we need to round up every California lib-tard transplant and boxcar them back to their collectivist la-la land.
I got a sick feeling Florida will be contested by Hillary if Trump wins narrowly. Shouldn’t be, because a narrow win for Trump means it was heavily fixed (lots of election fraud) and he won anyway.
Trump looks set to wipe the floor with Crooked Hillary in the rust belt states.
Philadelphia must’ve just reported in. “Sudden” jump for Clinton.
Hey Triggley-Prof, do you like apples?
Man, don’t DOOOOOOO that. Yet.
This feels like Brexit, huh?
I was just thinking that.
It would be nice to see Farage here again. One of my favorite moments of the Trump campaign was when he spoke at the rally in Mississippi. Trump gave him the floor and made him the center of attention, which he completely deserved.
I’m greatly looking forward to your ongoing rants no matter the outcome, especially if Trump wins and turns out completely different than your beer goggles suggested he would.
Oh goodness gracious. Our Ponzi markets are in free fall. Asset bubbles to follow?
https://www.bloomberg.com/markets/stocks/futures
I just heard DOW down 500
Drain the Swamp!
+1000
Dropping faster than Bristol Palin’s prom dress.
Usually prom dresses go up much easier than down, but that’s a technicality.
If Trump wins, Obamacare is going down.
Will Yellen the Felon be forced to announce QE4 and NIRP? Or will her oligarch handlers seek to punish Trump by having Yellen jack up rates and trigger a full-scale market implosion?
An 8-10% lending rate is nothing less than a gift.
The map is turning red. Good job and congratulations. It’s been a long 8 weeks.
It’s been a long 8 years. Obama, a candidate from the corrupt Democrat Chicago party machine backed by George Soros and Goldman Sachs, promised incredibly stupid, gullible lemmings “change we can believe in.” He lied. Yet the sheeple bent over for more of the same in 2012. Now, finally, the screwed-over middle and working classes seem to be waking up and casting off their crony-capitalist overlords. This is going to send a seismic shock through the oligarchy and its captured political and media puppets.
The conservative areas of Colorado are going to have renewed impetus to get out from under the corruption and maladministration of the collectivists in Denver, Boulder, etc. I predict this is going to push the Colorado successionist movement into high gear.
Coastal $hitLibs can fall in the sea and CO crater.
https://www.youtube.com/watch?v=dWO0ycFS_tM
A song for Wall Street.
https://www.youtube.com/watch?v=yge311sFhC8
This map is awful purty.
http://www.businessinsider.com
Aw, geez, I know there’s Trump Steaks and Trump Wine and stuff like that, but I need him to come out with a good liniment. Lol, my muscles are so tense and have been that way for a couple months. I’m not the only one that feels this way, I’ve seen comments by a number of his supporters on reddit saying they physically feel the effort of pulling for Trump and like they’ve taken body slams from his opponents.
It’s pretty amazing to hear that from someone who has dished crap on any posters here who didn’t line up behind Trump. I bet Raymond is feeling similarly dejected over the lack of religious conformity to his political views.
Actually, PB, I’m feeling kind of euphoric. It is clear that a massive populist upsurge is underway against the corrupt, crony capitalist status quo, and that is long overdue. It was less a matter of lining up behind Trump, who I find distasteful and vulgar in many ways, than roundly rejecting Crooked Hillary and everything she stands for. The middle and working classes are finally waking up, and that is a good, healthy thing for our country. For the first time in a long time I feel a sense of optimism, not because Trump might be our next president, but because tens of millions of people have finally said: enough!
“…tens of millions of people have finally said: enough!”
There is always an upside, isn’t there?
For instance, about a month ago I felt the impulse to offload lots of my dad’s stock market investments, on the hunch that HRC might not fare much better than Trump’s numerous vanquished Republican rivals. The next few days might not be a bad time to buy the dip.
And something tells me that those who have kept the faith in gold may have a great opportunity to take some profits over the next few days as investors flee risk assets for safe havens.
Trump might finally kick Yellen to the curb and end the Fed’s swindles against savers and the prudent. That is long overdue.
Well, that comment went way over yer noggin, Prof. And it wasn’t all that complex.
Just for the record, the only reason I dished crap on you was for the utterly vicious way you attacked me, out of the blue, for the big sin of expressing support for Trump early on. You drew first blood and there was no call for it. YOU were the one who made it personal.
I like you much better when you used to post stuff like that Japanese chamber music group.
What do you say we bury the hatchet until next election season, no matter the outcome.
(For the record, if anyone cares, I voted for neither of the two main candidates…)
I’d like to let bygones be bygones and get back to focusing on the housing bubble and the larger economic context, and give politics a rest for a good long while.
Well, shoot, I’ll bury the hatchet, provided you apologize for accusing me of being a paid pimp for Trump. I’m still butt hurt about that. No one had to pay me to like Trump. The other candidate is the one who had to pay people to like her.
Apology offered.
Yeah, I didn’t much appreciate being called a Trump worshipper or fascist by the likes of PB or Sweet William, when I made it plain that it was a simple choice between Trump, a flawed candidate and human being, or Goldman Sachs and the crony capitalist status quo, which in good conscience I could never support.
DOW down 700
Train Kept a Rollin’…all night long.
https://www.youtube.com/watch?v=_EvGn22Mplg
Awesome!
Totally awesome!
Not only that but I agree with the first comment down on that YouTube link.
LOL! I’m listening through headphones, wish I could crank it up and play air guitar.
Scott Foval has a couple of new tweets. I don’t care if the account is real or parody, it’s one of the funniest things I’ve read this election cycle.
Trump wins Ohio, Florida and North Carolina! We still got a ways to go, though.
It’s all going to come down to Pennsylvania and Michigan. The real alarm bells for Clinton should be the margins, both for the Presidential race and those Senate races.
The main verdict here is that the pollsters are out of their league.
Both of those states have been screwed over relentlessly by globalism, though Philadelphia has a long history of Democrat voting fraud that could still deliver the state for Crooked Hillary.
C’mon Michigan and Pennsylvania…c’mon…..
Help us further individual liberty.
A shame about Colorado - the state that approves of TABOR votes for more of the same from the NeoCon-Progressive Party.
Again, folks, no matter the outcome, we’ve already won.
The entire world sees that the slumbering US populace is on its way to reject globalism.
If it doesn’t happen in 2016, it will in 2020. There will be no stopping it.
I predict this is going to jumpstart the successionist movement in Colorado. The state government in Denver represents only its freeloader collectivist base, and is anathama to the people in the more conservative and rural parts of the state.
Colorado needs to get its act together. Very schizo.
Likes TABOR but then supports feds who says they’ll tax the hell out of ‘em.
The feds borrow and spend. States tax and spend.
Feds don’t tax?
Not sure what you mean.
I consider income tax a tax.
Granted, there’s no law in existence that requires any individual to pay federal income taxes…
Also, ObamaCare is a tax. Roberts even said so.
Taking money from people for not purchasing something - an outlandish, highly offensive and unethical act - if that isn’t “domestic imperialism”, I don’t know what is.
Donk….. We have a couple polesters right here on the blog. They’ve been dead wrong all along.
TRUMP ON THE VERGE OF PRESIDENCY; WORLD IN SHOCK
http://www.nytimes.com/elections/forecast/president
The folks are PBS are in shock too. They are now talking about how the pollsters missed the “hidden white vote” and Hispanics casting “protest votes.”
Just keep Trump away from the nuke button.
lol@Donk.
“hidden white vote”
Wut? Did anyone bother to look at one of his rallies?
Here’s one of his hidden black votes:
https://twitter.com/welovetrump/status/796071683958439937
There are ALL SORTS of hidden black Trump supporters.
All over the place.
Look at youtube post election, when you have time. Those outspoken anti-globalist blacks will still be there.
Theirs is an anti-globalist, anti-neocon position. Regardless of which party is in office.
I believe black Americans have a better chance of seeing real change under Trump than under a continuation of failed Democrat policies that have continued unabated since the Johnson presidency. Not sure whether things will end up better or worse, but Trump is willing to make unpopular statements to point out problems where he sees them.
From DRUDGE
TRUMP ON THE VERGE OF PRESIDENCY; WORLD IN SHOCK
They should have known something was up when Virginia was so close…
Nobody here on the HBB is in shock.
About a year ago someone around here said Donald Trump is our next president and to get over it and get on with our lives.
I’m in shock, but pleasantly so. After 95% of the electorate bent over and grabbed their ankles for the crony capitalist Establishment status quo in 2008 and 2012, I never believed such a great mass of people would wake up and push back against a system that did not have their best interests at heart.
“Nobody here on the HBB is in shock.”
Always has been a bunch of smart people on the HBB.
I am grateful to Ben Jones for letting me stick around and listen to them.
No, I’ll admit, that *I’m* in shock, but I’m getting it over it quickly. Even PBS folk are already starting the sharpening the lancets on Clinton.
I’m watching PBS. Ben, conservative commentator David Brooks is agreeing with you — and with MacBeth too. Brooks is saying: this isn’t an R-D election, or even a gender or race election. Brooks called it an “open/close” election, which he meant as open/closed borders, and globalism-anti globalism.
Brooks is a fooking idiot. Anyone who listens/watches him should be hanged.
Oxide:
People want more say-so in their personal and working lives. Both here and abroad.
They don’t appreciate others making decisions for them, ramming through laws, rules and regulations they haven’t been asked about and don’t agree with.
People all over are feeling what I feel - and they only way I can summarize it is to say “domestic imperialism”.
Much of the general public feels like they are being targeted by their own governments.
I predict many more Democrats will feel this strongly in coming years - no matter which side wins.
This election really is about the people trying to take back what they have been losing: self-determination and individual liberty.
It’s why you have all these interesting cross-currents from man different directions.
The Blue Wall is Down
Wisconsin
https://www.youtube.com/watch?v=mRmKzxhMzwo
You were the first to post this at an appropriate moment, just wanted to return the favor.
‘On the eve of the 2016 presidential election, CBS News contributor Bob Schieffer said he had never seen a campaign like the one this year – and he didn’t mean it in a positive way.’
“I have seen a few, but I’ve run out of ways to say I’ve never seen one like this. It’s as if the nation is enduring some kind of curse,” Schieffer said on the CBS Evening News Monday. “What should we expect next – that it will rain frogs? I wouldn’t bet against it.”
A shout out to my blood bros who live in Wisconsin!
C’mon Michigan…..
If Michigan goes Trump, then Illinois is isolated.
Illinois is one of the most corrupt, Democrat-infested states in the union. That makes a Hillary victory there a foregone conclusion.
I know this is not your style, Mac, but I couldn’t resist.
Wango Tango! The madman of Michigan!
https://www.youtube.com/watch?v=MI-DXxY4vl0
Whaddaya talking about not my style?!
I don’t like 1980s hair bands such as Bon Jovi and Motley crue. They suck.
Very much like Nugent, Led Zepplin, Creedence, Sex Pistols.
God Save The Queen! Anarchy in the UK. Soundgarden, BTO, Pixies, etc.
I also like boogie woogie, early country, alt country, new wave, blues, soul, rock, etc. I also like classical (Brahams, Schubert).
Don’t get me started, Palmy - I’m already tempted to post music here that I think numerous people would like from artists they THINK they know.
Time to buy the populist dip?
Populist policies would hurt stocks and bonds alike
Published: Nov 8, 2016 8:53 p.m. ET
A team of researchers at MSCI looked into the phenomenon
By Joseph Adinolfi
Markets reporter
Investors hoping to grow their wealth would be left with few options if Republican Donald Trump wins the presidency.
A team of researchers at MSCI compiled a report about the potential impact of populist policies on stocks and bonds.
Populists typically espouse protectionism, isolationism and government spending on social program. Trump is probably the best-known example in the U.S., while France’s Marine Le Pen, the leader of the National Front, and the U.K.’s Nigel Farage, who spearheaded the Brexit campaign, are well-known throughout Europe.
If populist politicians rise to power in the U.S. and Europe, both economies will see growth decelerate by 3 percentage points, while inflation accelerates to 3%, according to the report.
…
“Time to buy the populist dip?”
It’s almost time for a bunch of Climate Change Scientists to make up a sign that reads…
Will Fudge Numbers For Food
CBS just reported that the Canadian Immigration Site crashed.
https://www.youtube.com/watch?v=zwDvF0NtgdU
Why they want to punish a decent country like Canada?
lol, 4 seconds
http://www.businessinsider.com/canadian-immigration-site-crash-election-2016-11
I am still not convinced Trump’s gonna win. MI, PA look so close….recall and very high chances of manufactured votes.
recall = recount
Trump may not win.
While his winning would be helpful, it is hardly crucial.
We have already won - and that’s what makes this so freaking cool.
The public is smelling blood in the water - and DC (both parties) is in trouble.
The folks on both coasts DO NOT know what is happening in flyover. What has happened this year is the tip of the iceberg.
And it’s not flyover’s fault that those on the coast do not understand. No attempt has been made TO understand.
The “people” are done.
PBS (Associated Press)calls PA for trump
Iowa
4 things I will never want to see or hear:
1. Nate Silver
2. Iowa Electronics Market
3. Poll of Polls
4. Betting odds
All rigged…just like housing.
This has to be the best headline ever…
Silicon Sultans Shit Themselves…
Too bad I don’t have cable. Would have loved to see those smug faces.
Turtles, to the sky! Best HBB quote of the year, no, decade:
Comment by Ben Jones
2016-11-08 15:03:38
‘’who else is going to service the mortgages?’
Allow me to apply my many years in business and accounting to answer that:
We’ll find somebody else to do it.’
Then, palmetto says, ‘Almost 11 years I’m on this blog. 11 years.’
Insert song, ‘Time marches on’.
You two would be a heck of a lot better than the clueless twits they have on ABC or FOX TV tonight, for sure.
Second best comment of the year: ‘So out of 20 or so people running, 1 was against globalism.’
That speaks Volumes.
P.S.
LED lights are bad for your eyes, and your health.
P.P.S.
The cleaning lady lost her verbal contract with the big wig up the road who is developing the giant apartment complex because some illegals bid ten Cents less per sq.ft.
She was more upset with the,’fat Mexicans’ than she was with the white guy who sold her out and spat on the hand-shake deal she had.
Her new car still has the paper dealer license plates on it, but she is not worried. Yet.
Yup, A Fundamentally Restructured Economy
On the, ‘Red Line’ MacBeth.
LED- hope you dont watch TV or look at a monitor. Oh, and the wi-fi , boy can that make ya sick. tightwad-wackos
Uh-oh….
http://www.cnbc.com/2016/11/09/mortgage-applications-down-again-as-rates-continue-to-rise.html
An ‘Obama era’ crashes as Donald Trump takes White House
Gregory Korte , USA TODAY 5:17 a.m. EST November 9, 2016
WASHINGTON — Donald Trump’s stunning victory Tuesday was nothing less than a repudiation of the Obama presidency.
“Elections have consequences,” as President Obama himself said after his 2008 win. And for Obama, it’s hard to imagine a more consequential outcome Tuesday night.
Clinton’s election would have ushered in a new era of American politics: The Obama era. With his former secretary of State in the White House, Obama would be able to count on on a successor who will pursue some of his most transformative and controversial policies: immigration reform, the expansion of health care and environmental regulation.
Trump has pledged to repeal every one of them.
http://www.usatoday.com/story/news/politics/elections/2016/11/09/president-obama-election-clinton-trump/93201172/
Good news: Weed is legal in CA and the soda tax passed in SF. Revenues will be way up in the future!
Looking forward to the white GOP with full control making the USA great “again.” Just like Bush did with his full control! This time is different, America!!!
control them with credit!