The Uncertainty Hasn’t Gone Away
A report from the New York Times. “When Jared Rutledge called his mortgage broker one morning last week after putting in an offer on a home in Glendale, Ariz., just west of Phoenix, he discovered that the 3.8 percent rate he had been quoted a couple of months ago had already gone up to 4.125 percent. That afternoon, it had inched up to 4.25, and by evening, when he finally called back to finalize the deal, it was 4.375 percent. ‘I was kind of frustrated,’ Mr. Rutledge said. But with a third child on the way, and a buyer for their current home, he and his wife felt they had little choice. ‘Instead of holding out and waiting, we locked it in,’ he said.”
“Since the election, mortgage rates have climbed roughly half a percentage point to a 16-month high, adding hundreds, sometimes thousands, of dollars to a home buyer’s yearly payments. The speed and size of the increase took many lenders and borrowers by surprise — and the increase is expected to reverberate across the housing industry, particularly if rates continue to rise next year.”
“Higher rates are often followed by a burst of activity from consumers worried about further increases. But Ian Shepherdson, chief economist at Pantheon Macroeconomics, said he had not seen evidence of pent-up demand. He thinks housing activity is heading for a fall. Even before this latest bump in rates, he was concerned about a drop in mortgage applications. Mortgage standards have tightened this year, he said, making it more difficult for buyers to qualify despite the steady uptick in wages.”
“‘Even if applications don’t go down further,’ Mr. Shepherdson said, ‘we are looking at a significant drop in home sales in the first quarter of next year.’”
From Cronkite News in Arizona. “In September, Angel Diaz bought a house. As he signed the home-purchase documents, he remembered emerging from the hot desert as an 8-year-old unauthorized Mexican immigrant, barely able to hold his own water bottle after three days of walking the migrant trails. Diaz is now 22 and a pre-law student at Paradise Valley Community College who works fulltime at an insurance agency. He obtained temporary relief from deportation under a 2012 Obama administration directive known as Deferred Action for Childhood Arrivals, or DACA.”
“He’d missed meals to save $6,000 as a down payment to buy the $153,000 home in northwest Phoenix, and now he has a home he, his mother and two sisters could call their own. Now, all that could change. ‘At this point, even, I don’t know what’s going to happen,’ Diaz said.”
“President-elect Donald Trump had vowed on the campaign trail to revoke DACA, adding DREAMers like Diaz to a group of about 11 million undocumented immigrants Trump said he’d deport. And while experts say deporting the nation’s undocumented would create administrative backlogs and massive legal hurdles, mass deportations could impact the nation’s housing market. About 3.4 million unauthorized immigrants may own homes, the Migration Policy Institute, a nonpartisan immigration-issue think tank, reports. In Arizona alone, about 89,000 undocumented immigrants may own homes, the insitute reports. The institute doesn’t break down numbers for DREAMer homeowners, like Diaz.”
“‘I rarely cry,’ Diaz said. But he did after the election. He felt a flood of emotions including frustration, disappointment, uncertainty and helplessness. The uncertainty hasn’t gone away. But, he said, he has chosen to ‘hope for the best.’”
From Star-Ledger in New Jersey. “Lacey is a large municipality in Ocean County, one of the reddest regions of New Jersey. And in this election, Lacey was the second reddest of the red. In New Jersey towns with more than 10,000 people, only nearby Lakewood had a greater percentage of voters (74.4) who pulled the lever for president-elect Donald Trump. This was not surprising. Seventy-two percent of Lakewood, with its high population of very conservative Hasidic Jews, voted for Mitt Romney in the last election.”
“But while Lacey voters also went overwhelmingly for Trump (70.1 percent) they are not quite as historically red as Lakewood. In the last election, 59.1 percent voted for Romney. In the 99-square-mile township of just fewer than 30,000 residents, there are yacht clubs and marinas along Barnegat Bay, surrounded by modern homes that sell north of $750,000. But interspersed within these lagoons and boating developments are square, tiny bungalows — old beach houses now converted to year-rounders that can be bought for about $100,000 or less.”
“In those neighborhoods, the residual impact of Hurricane Sandy can still be seen. There are homes that are still vacant, under construction or in foreclosure. One of those homes belonged to Nancy Wirtz, who voted for Trump because of the bureaucratic mess encountered with FEMA and state government after her house was damaged by the storm. She got an insufficient insurance payout, then had a state-approved contractor disappear with her money. Foreclosure followed.”
“‘It is absolutely why (she voted for Trump),’ she said. ‘I lost my home, I was foreclosed on, because I got screwed at every turn. We need some change.’”
‘I rarely cry,’ Diaz said. But he did after the election. He felt a flood of emotions including frustration, disappointment, uncertainty and helplessness. The uncertainty hasn’t gone away. But, he said, he has chosen to ‘hope for the best.’
Better get some boxes Angel.
Alice Cooper - I Never Cry
https://www.youtube.com/watch?v=p9m0oWP3qRE
Any churches and denominations who wittingly faciliate illegal immigrants evading US law enforcement should be stripped of their tax-exempt status and found criminally and civil liable for any crimes committed by the illegals they are harboring against American citizens.
https://www.theguardian.com/us-news/2016/nov/27/undocumented-immigrations-us-churches-sanctuary-trump
Trump should make Diaz and likes US Citizens with one condition that they must vote republican all their lives.
That’s un-American.
“Better get some boxes Angel.”
https://i.redd.it/npcm929rw20y.png
Someone on twitter complaining about their plumber’s ring tone.
More delicious Hillary supporter tears?
I wonder if Mr. Diaz took obama’s advice and voted…
‘In September, Angel Diaz bought a house. As he signed the home-purchase documents, he remembered emerging from the hot desert as an 8-year-old unauthorized Mexican immigrant, barely able to hold his own water bottle after three days of walking the migrant trails. Diaz is now 22 and a pre-law student’
I wonder if law school teaches that entering a country illegally is against the law? I wonder if I could go to Mexico, just walk in with my water bottle, and get a job? No, I’m pretty sure that isn’t allowed. But let’s just say I got away with it. Do you think I could get a government loan to buy a house in Mexico if I revealed my illegal status? No chance of that, no matter how much I had to put down. Why they’d probably take all my money, jail me to extort money from my family, then deport me! Of course this is all hypothetical because I would never dream of trying to get away with all this illegal behavior in a foreign country. And he bought this house two months before the election. I bet he did cry. Stomped his little feet even.
I wonder if law school teaches that entering a country illegally is against the law?
Isn’t that the pinnacle of irony? An illegal immigrant getting ready to go to law school?
And you are absolutely right about how Mexico treats people who enter illegally.
Here’s a little tidbit about how Mexico treats foreigners:
When I lived there, had I chosen to attend a state university, I would have been charged more. Why? Because I was not a citizen. It didn’t matter that I was a legal, permanent resident nor that my father paid taxes like everyone else. I was supposed to pay more because I wasn’t a citizen at the time. End of story.
But over here our lawmakers trip over each other to grant illegals in state tuition and driver’s licenses. We might as well tattoo a big “L” on our foreheads.
He was 8 years old. It wasn’t his choice to come here. He’s a productive member of society — more so than plenty of citizens.
Please tell me how he is a productive member of society.
He is probably on a full ride scholarship for his degree. A scholarship not available to the American citizen he bumped for the slot.
He received a government subsidized mortgage to buy a house. Which he bumped an American citizen.
As an illegal, he received free education and health care all through his life.
Productive member of society?
One of society’s biggest moochers.
And now he is crying about it.
My neighbor mows part of my lawn. She takes better care of it than I do. She gives the impression that she owns more lawn than she does. That doesn’t make it so.
That doesn’t make it so.
Better be sure that she isn’t setting up for an adverse possession claim; that can make it so.
Mowing the grass is not going to “cut it”.
“And he bought this house two months before the election. I bet he did cry. Stomped his little feet even.”
Yeah, but on the bright side, the house he paid $153,000 for will soon go for about $80k then he can jinglemail it and we can pay the for the bad loan again. Americas awesome!
That’s sad to see you turn into this
‘He’d missed meals to save $6,000 as a down payment to buy the $153,000 home in northwest Phoenix, and now he has a home he, his mother and two sisters could call their own. Now, all that could change.’
That’s less than 4% down. Gotta be a guvment loan. This is an NPR outlet by the way. So did Angel and his 3 other family illegals vote? Did they get on the bus to vote more than once? Inquiring minds want to know NPR seeing as how we are paying for this reporting.
Yessiree… . 4% down payment is the very definition of a sub prime mortgage.
Meanwhile….
http://www.breitbart.com/texas/2016/11/27/massive-surge-migrants-months-leading-presidential-election/
“So did Angel and his 3 other family illegals vote? Did they get on the bus to vote more than once? Inquiring minds want to know NPR seeing as how we are paying for this reporting.”
Parasites helping parasites.
Purveyors of The Narrative are discovering that as people become awake and aware, they no longer wish to pay for the privilege of reading Oligopoly propaganda.
http://nypost.com/2016/11/25/slate-head-leaves-amid-companys-financial-woes/
I love watching Oligopoly media outlets bleed money and readership as growing numbers of the awake and aware refuse to pay for or read corporate media propaganda and DNC talking points.
Today Slate, tomorrow Salon!
They will be owned by rich oligarchs. Propaganda will continue.
Not if it doesn’t have an effect anymore and there is no audience.
The hard left wing Philadelphia Inquirer has gone bankrupt twice in the last 10 years.
It still publishes every day. And every day it loses money.
It did screw over its own newspaper unions. So there is some good news in it.
Strong dollar and stock market is killing Soros who had a lot of put options betting they would get hit. Those were his biggest positions. Hopefully the j-mafia (soros, bezos, brock, etc.) will have a lot less money in the future to fund all their propaganda outlets.
Their accomplices at the Fed will always make sure to funnel trillions in FedBux their way.
Let’s deport all of our globalists to their true Motherlands, like China.
http://www.latimes.com/world/asia/la-fg-china-globalization-20161123-story.html
Absolutely. the SJWs are not happy here, I’d be delighted for them to go to China, Mexico, Europe, wherever.
Cuba or Venezuela. Let them live in a socialist paradise for awhile and experience what they’ve been agitating for.
If the GSEs would just stand back and let housing bottom out, many of the recent Chinese investors who overpaid would walk away and head back home.
It will happen anyway.
The WaPo’s hit piece on Russia supposedly using a network of 200 independent media outlets to influence the US elections is unraveling as the shady “PropOrNot” so-called “researchers” behind the bogus claims turn out to be seriously lacking in credibility, and to have some dubious connections.
http://www.thegatewaypundit.com/2016/11/update-wapos-hit-piece-russia-influencing-election-falls-apart-shady-website-source-admits-lying/
Nice to see Charles Hugh Smith go beastmode on that hit piece
http://www.oftwominds.com/blog.html
Too bad none of these independent bloggers have the means to sue these corporate statist clowns.
Pending post from Glenn Greenwald on this below.
Western civilization must embrace our fundamental transformation.
http://www.independent.co.uk/news/uk/home-news/young-british-salafi-women-a7436611.html
No surprise that “former” Goldmanite central bankers like Mark Carney are trying to subvert the will of the British people by delaying the implementation of BREXIT.
http://www.telegraph.co.uk/business/2016/11/27/mark-carney-plans-keep-britain-eu-single-market-2021/
Business Insider - run by Henry Blodgett, one of the worst of the Wall Street “analysts” who served as touts and shills for tech bubble firms while privately betting against them - is now a foremost cheerleader of globalism and our Ponzi markets (imagine that). BI has also bashed Trump non-stop. So while this vapid “journalist” tells us how expensive it would be to produce iCrap in the US, instead of by child slave labor in China, let’s consider the strategic vulnerability of exporting your manufacturing sector to a hostile aspiring superpower that sooner or later is going to make a power play in the South China Sea that could bring it into direct conflict with the United States. When that happens, China will hold our massive investment in China-based manufacturing facilities hostage - how much for your iCrap now, Yankee dogs?
http://www.businessinsider.com/how-much-products-would-cost-if-made-in-us-2016-11
crushing.housing.losses.
The War on Cash is escalating around the globe, under the guise of fighting “tax evasion.”
http://www.zerohedge.com/news/2016-11-27/indias-modi-admits-plan-shifting-nation-cashless-society
There is a lot of tax evasion in India. We had some first hand comments about it here recently.
india seems to be coming apart at the seams after their government’s recent currency ‘hoard’.
i’d post a link but i don’t have one since this was in an email.
in short, there’s more going on in india (and elsewhere) than just tax evasion.
======
We began writing on the War on Cash some time ago, when it was still just a theoretical ploy that we believed banks and governments were likely to employ as their economic adventurism continued to unravel.
But, in the last year, several countries have, as a part of the War on Cash, begun removing larger bank notes from circulation in order to force people to perform all economic transactions through the banking system, ensuring that the banks would gain total control over the movement of money.
Of course, the banks could not admit their true goal to the public. They instead used the governments to claim that the measure was being undertaken to restrict crime (money laundering, drug deals, black marketing, terrorism, etc.).
Recently, without any fanfare, ATMs in Mexico have ceased issuing the 500-peso note (US$24). The largest note is now the 200-peso note (US$10).
At about the same time, Citibank in Australia declared that it will no longer accept coins or banknotes.
India has joined those countries that have done away with larger notes. They did so quite suddenly, and the effects are already being felt by the Indian people. The elimination of the 500-rupee and 1,000-rupee notes has, of course, not limited the level of spending in India, but it has caused a sudden demand for considerably more smaller notes through which to accomplish the same transactions.
A problem with the removal surfaced immediately when people using ATMs were withdrawing far more notes than ever before in order to have enough cash to function normally. The ATMs were quickly being emptied of the smaller denominations. The people of India cried foul, as 86% of all money in circulation had vanished from the system overnight. The limit for withdrawal per day is 2,500 rupees (US$37) – which for some is sufficient to pay for daily expenses, but is most certainly not sufficient to carry on a business or facilitate larger transactions.
Although deliveries of notes to the ATMs has increased, the banks simply cannot make up for the sudden loss of 86% of the nation’s money. Not only can the delivery trucks not meet the demand, the machines cannot store the volume of notes needed.
The result has been a partial breakdown of commerce. With millions of people beginning each day with insufficient funds to function, one byproduct of the money shortage is that over 9.3 million trucks have simply been abandoned by their drivers. (Nearly two-thirds of all freight in India moves by road.)
In January of 2016, we published an article that made reference to the turning point of World War II on the Western Front. Although the German war machine was collapsing, a major last-ditch effort was made at the Battle of the Bulge to reverse the tide of the war. German tanks raced to the battle and might well have made the Germans the victors, but they ran out of gasoline along the way.
The crews, understanding that the game was well and truly over, simply left the tanks and began to walk back to Germany. The great significance of this event is that, no matter how much bluster a political or military leadership presents, and no matter how obediently the soldiers respond to such posturing, once it’s clear that the game is up, the pretense amongst the soldiers evaporates.
The same is true in commerce. When those who make the decisions in banking and government try to game the system one time too many, dysfunction sets in and the “soldiers” – the countless minor participants in the system – simply walk away.
The lesson to be learned here is that, in all countries where a War on Cash is being destructively waged, the end will not be a positive one. The people of each country will increasingly become unable to function normally, as in Greece, where there have been riots due to the banking squeeze. Banks and governments have colluded to tie up wealth in order to have their hands on as much of it as possible as they grow nearer to economic collapse. As the situation drags on, their intent is becoming ever more transparent to those who have to suffer the difficulties caused by the squeeze.
But, as difficult as it may be to accept, these are “the good old days.” The direst events to come have not yet begun to surface.
As I’ve mentioned in past articles , the problem reaches its nadir when trucks that move the country’s food come to a halt. As long as sufficient food remains available to us, we treat it as just another commodity. But unlike clothing, hardware, vehicles, etc., when our source of food is cut off, even for a very short period, we become frightfully aware that its level of importance is far beyond that of any other commodity.
It’s been said that the average person abandons his moral inhibitions after three days without food. After this time, an otherwise morally responsible man is literally prepared to kill his neighbor for a loaf of bread.
To date, none of the countries that have declared a War on Cash has yet experienced a food panic. It would not be surprising if India becomes the first, as their trucking problem has them on the edge already.
However, it’s ironic that the War on Cash problem is most pronounced in what was called “the free world” only two generations ago. Many of those countries that we’ve come to regard as being both prosperous and “safe” are becoming less so with great rapidity.
Small wonder, then, that an increasing number of people are exiting these once choice jurisdictions and seeking those that are not similarly in economic decline. Although we cannot predict how far the elimination of cash will spread, the further you are from the epicenter of the problem, the greater your chances of coming out with your skin on.
I have a sincere question — why don’t all these people in India simply carry out their daily transactions using debit cards? If they have ATMs, surely they have debit cards. It’s not like they are totally stuck. They do have the debit card option.
Don’t get me wrong, I like cash too. But surely the Indians aren;t sitting on the sofa moaning that they can’t buy anything at all because they can’t get cash.
(my guess is that they need the cash for bribes, not to buy actual stuff)
My understanding is that most vendors are not set up to accept credit/debit cards, so the normal course of business is to get cash from an ATM, and use that for transaction. Modi is encouraging everyone to install credit/debit-capable POS systems.
in addition to what PIC has correctly stated..
the atm limits are also reduced. they can’t get enough currency out of them now.
https://www.youtube.com/watch?v=ClNISX2W-VI
it might be even worse in australia.
https://www.youtube.com/watch?v=qjf3Sbn2__0
politicians are nearly criminally ignorant or worse. they have no idea the damage they are doing. by the time they know it’s too late.
they’ll try it here too, but trump may not let them get away with it.
Drugmakers Find Competition Doesn’t Keep a Lid on Prices
Makers of Viagra, Cialis show how rivals tend to raise prices in tandem, a reason for the surge in U.S. prescription-drug spending
By JONATHAN D. ROCKOFF
Nov. 27, 2016 7:00 a.m. ET
Pfizer Inc. raised the list price of Viagra by 13% in June. Less than a week later, Eli Lilly & Co. pushed up the price of its competing pill Cialis by the same percentage.
The two companies, though rivals, followed a common industry practice: raising prices almost in lockstep. For years, Pfizer and Lilly have taken increases on their erectile-dysfunction drugs within weeks of each other—sometimes even on the same day—keeping the list price of each pill within a few dollars.
The practice highlights what many see as a big problem in the drug industry: Even when there is competition, prices can continue to climb. That is because patients tend to stick with a drug that works for them, and health insurers and drug-benefit managers sometimes have contracts for drugs that prevent switching to cheaper options.
“You’re not rewarded for having a low price and for the most part, the market doesn’t punish a high price,” says Mick Kolassa, who has advised pharmaceutical makers and government health-care programs on pricing.
The freedom to raise, rather than slash, prices in the face of competition is a big reason why U.S. prescription-drug spending has surged by close to 10% on average annually in recent years to $310 billion in 2015, according to QuintilesIMS Institute for Healthcare Informatics.
http://www.wsj.com/articles/drugmakers-find-competition-doesnt-keep-a-lid-on-prices-1480248003
What is especially interesting it men have to pay out of pocket for those two drugs, as health insurers will rarely cover them. And yet, prices still go up.
Viagra? You Lola’s need to get your priorities in order.
When they have ed for wymin I’m in. Has to work w cheap wine or Oxide is out.
No rumblings in the dc area. I would think non essentials would be bleeting out.
Sorry taxpayers, ed for wymin is called “love.” Can’t get that in a pill, although I’ve heard rumor that money works. Cheap wine will actually backfire.
Cheap wine will actually backfire.
What about good wine?
Life is too short to drink bad wine.
Cheap wine What’s the word?
These drugs should have gone off patent years ago…
Bob Dole commercials have got to be around least 20 years old by now
Patents only last 17 years.
Where are the generics?
Actually, they did; but ONLY for non ED uses (from what I have read they are also useful in treating some pulmonary issues)
We’ve reached the point where everyone in the developed or developing world recognizes the real estate bubble’s existence, but many fail to recognize that all bubbles eventually end in busts.
A Housing Frenzy Bedevils Beijing
Authorities promote development on edge of China’s capital, but the market is hard to control
Property prices have risen in Beijing’s Tongzhou district, shown here in February, amid the city government’s plans to move its offices to the suburb. Photo: Jason Lee/REUTERS
By Dominique Fong
Nov. 25, 2016 5:30 a.m. ET
Related stories
PBOC Aims to Curb Asset Bubbles
Asset Bubbles Threaten China
Household Debt Soars in China
BEIJING—When a rumor spread in June 2015 that the Beijing city government would move most of its offices—potentially 400,000 workers—to the sleepy suburb of Tongzhou, property sales there doubled within weeks.
Authorities confirmed the rumor a month later and quickly moved to arrest the frenzy, limiting sales to first-time buyers and longtime residents. By October last year, activity was down from over 1,500 sales a month to 500.
The next month, sales jetted higher than the summer surge as buyers found ways to skirt the restrictions.
“Tongzhou, all of a sudden, became like the focus of the world,” said 29-year-old Chen Liang, who grew up in Tongzhou and blogs about life there. In May, Mr. Chen pooled money from relatives to buy a one-bedroom apartment for 2.22 million yuan ($320,700).
The drama in Tongzhou shows how hard it is for China to confront a homebuying spree in its biggest cities and keep property prices in check—even in a place where it is promoting development. The ultimate fear is an unsustainable, debt-filled asset bubble that causes broad damage when it bursts.
…
No, the ultimate fear would be a mass of enraged “investors” who sank their life savings into an asset bubble implicitly aided and abetted by the ruling Comrades of Proven Worth coming after the communist cadres with pitchforks and torches after China’s financial house of cards comes crashing down.
‘In May, Mr. Chen pooled money from relatives to buy a one-bedroom apartment for 2.22 million yuan ($320,700).’
That is about 60 years worth of earnings for the average Chinese worker.
Ben
“Good gravy, the assembly line was automation. There isn’t anything to fear from progress. We just need progress that benefits us.”
Oxide
Worried that automation will create fewer jobs.
Yes, the assembly line equals automation. Then after we produced the product we have been hand packing after that. Now we are picking and placing our automated production ie different products of the same family, and packaging them not by hand but by machine into cartons, then putting them on pallets, then storing those pallets for automatic pick and ship.
A lot fewer jobs, Oxide, but more profitability and less cost to the consumer means better market penetration which means more taxes for education and training - and a bigger market needing more jobs.
There are so many mundane jobs that can be automated - eg, on industrial farms there are machines to pick every type of crop there is. But then it is being packaged manually ! Only now is this huge cost area being addressed with inexpensive robotic type systems.
Ben, Oxide - yes you are both right, but wasted labour is being challenged and we have to learn to adapt. Ingenuity and confidence in our abilities to overcome this will lead to better and unknown opportunities.
And most importantly, falling prices to dramatically lower and more affordable levels accelerating the economy and creating jobs like nothing else can.
Those workers can all retrain to be molecular biologists.
And we wonder why labor force participation is at all time lows.
I agree. There’s this mistaken notion that if only people “worked hard” and “trained” that there are gobs of knowledge jobs just waiting for them. it doesn’t seem to be working that way.
But I do agree with the Old HA about the falling prices. If prices of expenses fall, many families will be able to make it on one income; ie. one spouse staying home with the kids. That will cut the labor force significantly.
Chevy Chase, MD Housing Prices Crater 16% YoY
http://www.movoto.com/chevy-chase-md/market-trends/
San Fran Home Sales Crash To Lowest Level Since 2008 As Pricing Reset Gets Underway
http://www.zerohedge.com/news/2016-11-18/san-fran-home-sales-crash-lowest-level-2008-distressed-property-sales-fall-36-yoy
Not.going.to.give.it.away
And they just voted to raise their property taxes to help the “homeless”
In that case it goes back to the reality……. I can ask $50k for my used up ten year old Chevy pickup but where is the buyer at that price?
So it is with all depreciating assets like houses.
“Pricing Reset Gets Underway”
God bless…it’s about time!
“‘It is absolutely why (she voted for Trump),’ she said. ‘I lost my home, I was foreclosed on, because I got screwed at every turn. We need some change.’”
What has Trump offered that could help her? Or was her vote more of a repudiation of the Democrats’ failure to help her?
At any rate, she comes off as someone who believes it is the federal government’s job to help foreclosure victims.
Maybe just to see the first bankers perp walk in eight years…
That would be nice. But the real villain in her story is not a banker, it’s a contractor:
“She got an insufficient insurance payout, then had a state-approved contractor disappear with her money.”
Of course, you have to be an idiot to pay a contractor before the job is done… For larger jobs, you pay based upon percentage-completion.
So we have to wait for our draw until the work is what percent complete?
You do work in this business, right? Do you guys get paid up-front?
Hey I know nothing. But we have contractors here you can ask.
But…but…that clever man on CNBC told me it was different this time.
http://www.zerohedge.com/news/2016-11-27/cash-out-mortgage-refis-expected-crash-rates-surge
I’ve been studying genetic algorithms and particle swarm optimization - methods to solve nonlinear problems - and came up with a theory that perhaps the massive increases in communication facilitated by the internet and social media in particular may allow humanity to determine optimal solutions for social ills/problems similar to these algorithms. Perhaps this is whats behind the globalists and marxists coming under pressure world wide (along with their failing and flailing media tentacles) - more people are able to talk to one another, not just across the country but across the world and question the official narratives. Being confined to your family, friends, coworkers, the mainstream media and whatever books, newspapers and magazines you can get a hold of was a huge limiting factor in the past. Those industries of dissemination are dead or dying and a persons circle of communication is vastly larger than it was 20 or even 5 years ago. Freaky!
The oligarchy has lost the monopoly on news and information that it held all during the 20th Century and into turn of the 21st, until the Internet broke their stranglehold and rendered their journalistic Omerta irrelevant. Now the number of people who trust the MSM has dropped to record lows (for good reason) while the readership of sites like the Drudge Report or Breitbart is exploding higher as Wikileaks showed the extent of collusion between the MSM and the DNC. So yeah, you may be onto something.
The logistics of sociology is a budding art form.
Engineers know little about it because they scoff at sociology as a mind-numbing liberal arts pursuit.
Funny how massive a role the changing logistics of sociology have played during the past five years, and especially this year.
Behavioral science is where it’s at these days. If actual money could be made in that arena, people would flock to it in droves.
For now, anyway, few examine it for its profit-making possibilities.
SubPrime Nation: “Record Number Of Car Buyers Upside Down On Trade-Ins”
http://www.usatoday.com/story/money/cars/2016/11/27/record-number-car-buyers-upside-down-trade-ins/94506786/
Record issuance of subprime mortgages and auto notes means record number of underwater mortgages and auto loans.
Remember….. I can ask $50k for my used underwater Chevy pickup but where is the buyer at that price?
So it is with all depreciating assets like houses and cars.
Sounds as though some excellent deals on used cars may lie in store for people with cash savings.
When I was a repo-man the bulk of “the hunted” had balloon payment loans that would make any banker blush. The car dealers always ask, “How much a month?” The fed.gov is on the hook for these losses.
the bulk of “the hunted” had balloon payment loans
As a repo-guy, did they reveal the loan terms to you?? I didn’t realize that. Interesting.
“As a repo-guy, did they reveal the loan terms to you??”
A copy of the original signed loan was included in each vehicle folder.
“Bay Area Rents Falling, Falling, Falling”
http://www.siliconbeat.com/2016/10/24/bay-area-rents-falling-falling-falling/
“Silicon Valley Tech Workers Are Getting Home Loans For 0% Down”
http://time.com/money/4426070/home-loans-silicon-valley/
Nothing says subprime like zero down mortgages
I’m liking Twitter Donald more than Concilitory, Magnanimous-in-Victory Donald.
http://www.marketwatch.com/story/donald-trump-blasts-swing-state-recount-effort-as-a-scam-2016-11-27?link=MW_latest_news
Which do you like more;
A rapidly accelerating economy as a result of falling prices to dramatically lower and more affordable levels…
Or
Donald Trump?
This is by Glenn Greenwald, who met with Edward Snowden in Hong Kong. Real journalists aren’t all dead yet. The ones who claim to be and the elected officials who would like to define which ones are allowed to be are a problem
Washington Post Disgracefully Promotes a McCarthyite Blacklist From a New, Hidden, and Very Shady Group:
https://theintercept.com/2016/11/26/washington-post-disgracefully-promotes-a-mccarthyite-blacklist-from-a-new-hidden-and-very-shady-group/
the Byrds — Eight Miles High (Los Angeles, 1965):
https://www.youtube.com/watch?v=J74ttSR8lEg