Both Developers And Sellers Will Entertain A Price Reduction
A report from News Channel 5 on Tennessee. “With 100 plus people moving to Nashville every day, a strong economy, and a vibrant city center, Music City continues to prove why it’s become the ‘it’ city. Across the nation, the housing bubble may be close to bursting. In Nashville, however, the market showed it will hold strong for years to come. ‘The bubble is not going to burst here in Nashville, I truly feel that way,’ said Broker and Co-Owner of The Re/Max Collection, Debra Beagle. ‘I think that locally we will continue to see growth even if the bubble does pop.’”
From CNBC on Maryland. “Last June, Dana Rice, a real estate agent and house flipper, was deep in the throes of a massive remodeling project. She had bought a 1938 home in an upscale neighborhood of Bethesda, Maryland, for $600,000 and intended to flip it for a hefty profit. Four months and $400,000 in construction costs later, Rice put the home on the market last weekend for $1,469,000. A million dollars of her money is at stake. While the turnout Sunday was good, there were no immediate offers. Rice, who admits to selling homes recently in the area in just a few days, said she is not worried: ‘Location and quality will always win the day. And location — did I say that already?’”
From Banker & Tradesman in Massachusetts. “Fresh off the presses, here’s more evidence of just how screwed up Greater Boston’s housing market has become. While middle-class buyers battle it out over $400,000 ’starter homes,’ some of Boston’s area’s toniest suburbs are suddenly awash with a surfeit of $2 million-and-up listings. The growing inventory of super high-end homes in Boston’s suburbs mirrors a national trend that has seen listings of unsold luxury addresses balloon.”
“Fourteen of the Boston area’s most expensive suburbs have on average well more than a year’s worth of supply of unsold, uber luxury homes. In Dover, we are looking at 2019, with 22 unsold listings over $2 million on the market and just seven sales of top-priced homes over the past year. That amounts to a more than three-year supply. Manchester-by-the-Sea stands at 29 months (17 homes on the market and just seven sold over the last year), followed by Cohasset at 27 months (23 homes on market, 10 sold) and Marblehead, 16 months (16 on market, 12 sold).”
“Local red tape only makes it harder and riskier to build, and drives up the price of land. Developers respond to these pressures by focusing on luxury housing, which bring higher returns to match the higher risks. ‘People have the tendency to demonize the greedy builder for putting up that big house,’ said Elaine Bannigan, broker owner of Pinnacle Residential Properties. ‘The greedy builder is not so greedy when you look at what they had to pay for land, pay for materials, pay for labor.’”
From Haute Living in Florida. “Much like they did one year ago, prices for luxury homes Palm Beach are skyrocketing. In Redfin’s luxury housing price index, which tracked luxury sales in more than 1,000 cities across the Unites States in the third quarter, Delray Beach in Palm Beach County capped the list. Average prices of luxury homes in Delray Beach jumped 70 percent over the past year to stand at $2.98 million. In Boca Raton, prices went up 38 percent to $2.59 million, while in West Palm Beach prices climbed 22 percent to $1.32 million.”
“Miami saw less growth with luxury prices tumbling 10 percent over the modernized houses. Buyers in Miami have more choice, and therefore, more negotiating power than residents of Palm Beach. Monica Venegas of Venegas International Group says, ‘It’s a great time for buyers to buy in Miami, as they have a small window of opportunity where both developers and sellers will entertain a price reduction from list price.’”
From KVUE in Texas. “Over the past ten years, home prices have risen higher in Austin than anywhere else in the country. The only city that comes close to Austin’s booming real estate prices is Denver. From 2006 to 2016, Austin home values increased an average 65.5 percent, according to a study of federal housing data by the American City Business Journal. Denver, coming in at second, saw housing prices increase at 45.5 percent over the past ten years.”
“Austin realtor Carl Shurr has been selling Austin-area real estate for over a decade. Compared to 2013-2015, he says the housing market in 2016 finally started to ‘normalize,’ meaning houses spent longer on the market and there were less multiple-offer sales on single-family homes. ‘It’s really been split this year, depending on the price range,’ Shurr explains. ‘The upper end of the market has really pulled back. There’s more supply, homes aren’t selling as fast. We’ve seen some pretty significant price reductions on the upper end of the market.’”
Wow,4-4 pickem up truck w mudflaps is $53,000?
http://www.motortrend.com/cars/ram/1500/2014/comparison-2015-ford-f-150-vs-ram-1500-chevrolet-silverado/
And that’s for a 1/2-ton truck too.
grossly overpriced cr@p.
But it has mudflaps.
And the mudflaps prolly have naked lady images.
Could the alpha males here clue me in on what the naked-lady mud flaps and window stickers are supposed to represent? Is it really as simple as “I like naked ladies?”
Not sure about mudflaps…but if it had some Truck Nutz, it would be worth every penny.
My guess:
naked-lady mud flaps = my other car is a strip club
naked-lady mud flaps = I’m a good ole boy, too!
Real men have real mud on their mud flaps.
More than you ever wanted to know about the “Mudflap Girl”
Oh, GAWD, a thread with barf blurbs from realturds:
‘The bubble is not going to burst here in Nashville, I truly feel that way,’ said Broker and Co-Owner of The Re/Max Collection, Debra Beagle. ‘I think that locally we will continue to see growth even if the bubble does pop.’”
“Rice, who admits to selling homes recently in the area in just a few days, said she is not worried: ‘Location and quality will always win the day. And location — did I say that already?’”
“Monica Venegas of Venegas International Group says, ‘It’s a great time for buyers to buy in Miami, as they have a small window of opportunity where both developers and sellers will entertain a price reduction from list price.’”
What’s it going to take for the realturd-smarm bubble to pop?
Tip to Nashville homedebters - cash out refinance now! All of it! Just do it!
“The bubble is not going to burst here in Nashville, I truly feel that way,” said Broker and Co-Owner of The Re/Max Collection, Debra Beagle.
Sounds like Nashville has reached that permanently high plateau. Hehe.
Market forces do not give a sh*t about your feelings, Debra.
““The bubble is not going to burst here in Nashville, I truly feel that way”
I remember a newspaper-advertisement-salesguy-turned-RE-investor saying something similar in late 2006 about Portland: “I really think it’s going to keep going.” That was about 2 years before the bottom fell out here.
Nashville bubble’s last stand?
By-) publishing the cost isn’t she tipping her hand?
DebtDonkeys aren’t too bright. Beside, it was a $$85k house she paid $600k for.
people are colluding to keep prices high!
You mean the cost of the reno, right? The original $600K price tag is public info on Zillow and the county websites.
It only costs about $85K to build a 3000 ft2 house. An old tired house 6000 ft2 is only worth about that, cause it needs rehabilitation likely. I bought an old Victorian for about that, 4000 ft2 only a decade or so back. It had been spruced up for a flip. She had bought it for $45K. The empty lot might have sold for $20K (bubble price). 1 acre in town, 100 year old trees, Cupola, servant’s quarters, carriage house, the whole 9 yards.
The rest is land bubble and expectations of a HUGE profit, because it’s housing and all that. That works until the mania crashes and burns.
Hmm, $1,469,000 and you don’t even get a garage?
http://www.movoto.com/bethesda-md/4916-crescent-st-bethesda-md-20816/pid_legq35hhfh/
Now shown as “delisted”….???
“These are the same people that said Saddam Hussein had weapons of mass destruction.”
Read more: http://dailycaller.com/2016/12/09/trump-team-same-people-who-say-russia-meddled-in-election-said-iraq-had-wmds/#ixzz4SYpVXX7o
I have 2 posts in the pipeline to answer P Bear “Are you saying that the CIA report is a fake news story?” that you might find interesting in the days previous topic.
Yep, just went back and read the posts. This piece on ZH was interesting, from the guy who actually knows who LEAKED, (not hacked) the info to Wikileaks.
http://www.zerohedge.com/news/2016-12-11/former-uk-ambassador-blasts-cias-blatant-lies-shows-little-simple-logic-destroys-the
“As Julian Assange has made crystal clear, the leaks did not come from the Russians. As I have explained countless times, they are not hacks, they are insider leaks – there is a major difference between the two. And it should be said again and again, that if Hillary Clinton had not connived with the DNC to fix the primary schedule to disadvantage Bernie, if she had not received advance notice of live debate questions to use against Bernie, if she had not accepted massive donations to the Clinton foundation and family members in return for foreign policy influence, if she had not failed to distance herself from some very weird and troubling people, then none of this would have happened.”
Of course WaPo would spread the “Russian hacks” story, Amazon has a $600 million contract with the CIA. One day, if he hasn’t already, Mr. Bezos will realize that he truly made a deal with the devil and that there’s nowhere to run, nowhere to hide. He will regret it bitterly.
It must have been the DNC MSM talking point of the week.
Reince Priebus Nails Chuck Todd on Whether RNC Hacked by Russia
By P.J. Gladnick | December 11, 2016 | 2:59 PM EST
TODD: Let me ask you…
PRIEBUS: Hang on, Chuck! The RNC was not hacked.
TODD: Well, then why was the FBI involved?
PRIEBUS: It’s really simple because when the DNC was hacked we called the FBI and they came in to help us and they came in to review what we were doing and went thru our systems and went thru every single thing we did. We went thru this for a month. And we were not hacked. So wait a second, if we were not hacked and that is absolutely not true then where does that story lie?
NAILED! At this point the visibly shaken Chuck Todd pathetically attempted to expand the parameters of the RNC hacking that never happened:
TODD: Not a single person connected to the RNC was hacked? No Republican vendor who had interactions with the RNC network was hacked? You guys had a very specific denial that the RNC network wasn’t hacked. That doesn’t mean Republicans associated with the RNC weren’t hacked, that doesn’t rule that out. Do you definitely rule that out?
How about the cousins of Republicans being hacked? Or perhaps friends of Republican vendors being hacked? Or…or…anybody anywhere who had any type of interactions with the RNC network being hacked?
Priebus’ reply to Todd was priceless:
PRIEBUS: I don’t know why you are so hot about this. I mean the fact of the matter…
TODD: It’s not about me!
PRIEBUS: You should be happy that the RNC was not hacked. The RNC was not hacked, Chuck. Number one, the RNC was not hacked. I don’t know of any employee on any of their own gmail accounts that was hacked. So what I’m trying to tell you is the RNC was not hacked, number one. That was the specific allegation that was made in the actual New York Times article. The article didn’t say affiliates of the RNC…
TODD: Okay.
PRIEBUS: No, wait a second, Chuck. The article said the RNC was hacked so don’t be defensive with me. …I am refuting the specific fact that was made in the article that created this entire firestorm. And the specific fact as we have been told by the FBI repeatedly including two days ago and we checked back with them about this issue repeated the fact that the RNC was not hacked. So you tell me where this story is at? Why would the press run with something that wasn’t true?
Nailed again! And this time poor Chuck attempted to change the subject to whether the Russians attempted to influence the election generally. Unfortunately for him, Priebus did not let him off the hook and returned to the fake New York Times story. As you can see, the rest of the interview was equally brutal for Chuck.
https://www.newsbusters.org/blogs/nb/pj-gladnick/2016/12/11/reince-priebus-nails-chuck-todd-whether-rnc-hacked-russia
I had a hard time following the interview, I was so fascinated by Chuck Todd’s hair. I was trying to figure out if it was thinning in a weird way, or if he’s been laying in some plugs or something. Bosley? Hair Club for Men?
Reince Priebus Challenges Chuck Todd: ‘What’s Your Source’?
TED GOODMAN
1:06 PM 12/11/2016
Read more: http://dailycaller.com/2016/12/11/reince-priebus-challenges-chuck-todd-whats-your-source/#ixzz4SdL5VV7W
Palmetto, my guess is gradual hair-plugs, with some kind of concealing comb-over.
And has anyone noticed that Todd’s also lost a lot of weight, along with some other TV men? Their faces all have a withdrawn look too. So either the media industry has gone on a crash version of paleo diet en masse, or they’re all getting “work” done on their tummies and especially on their faces.
I think the legacy media and a number of people involved in the Federal government, both elected and unelected, on both sides of the aisle, have come completely unhinged as a result of pizzagate and fear over the revelations of major pedophile activity.
Hence, all the screaming about “fake news”, Russians and hacking. Oh, look, a distraction! I like to take note of who is screaming the loudest.
Nobody takes Pizza gate seriously except for the immensely gullible.
Since it is being floated that the Russians cost Hillary the election, I think their leader should get the Nobel Peace Prize or the Medal of Honor, just for good measure.
“Palmetto, my guess is gradual hair-plugs, with some kind of concealing comb-over.”
Thanks, oxy, that makes sense. The rows look rather evenly placed.
“And has anyone noticed that Todd’s also lost a lot of weight, along with some other TV men?”
I don’t follow the legacy media much, unless someone links to something here, but he does look a tad gaunt, now that you mention it.
“Nobody takes Pizza gate seriously except for the immensely gullible.”
Plant story right before the “Fake News” campaign.
Michael Rivero the All Wars are Bankers Wars dude was screaming about it while it was going on.
“Nobody takes Pizza gate seriously except for the immensely gullible.”
Sure, and Dennis Hastert and Anthony Weiner are pure as the driven snow.
Marina Abramovic is just a lowly performance artist.
Laura Silsby did what she did “for the children”.
“Since it is being floated that the Russians cost Hillary the election, I think their leader should get the Nobel Peace Prize or the Medal of Honor, just for good measure.”
Amen.
William Banzai has an awesome fake news flow chart graphic over at ZH. The “Schitt, Is It True?” part made me laugh.
http://www.zerohedge.com/news/2016-12-12/fake-news-flow-chart
What remains to be revealed to most is what is the biggest Fake News story of the century?
Pizza gate might not be true, but cover-ups have taken place before by people in positions of power.
How Thatcher’s Government Covered Up a VIP Pedophile Ring
‘Now that most of the major figures are dead, the truth is emerging about the systematic sexual abuse of children by members of the British government’
“A newspaper editor was handed startling evidence that Britain’s top law enforcement official knew there was a VIP pedophile network in Westminster, at the heart of the British government. What happened next in the summer of 1984 helps to explain how shocking allegations of rape and murder against some of the country’s most powerful men went unchecked for decades.”
http://www.thedailybeast.com/articles/2015/03/06/britain-s-horrific-vip-pedophile-cover-up.html
Don’t forget the Catholic Church:
“From 2001 to 2010 the Holy See, the central governing body of the Catholic Church, considered sex abuse allegations involving about 3,000 priests dating back up to fifty years.[12] Cases worldwide reflect patterns of long-term abuse and of the church hierarchy regularly covering up reports of alleged abuse.”
https://en.wikipedia.org/wiki/Catholic_Church_sexual_abuse_cases
Excessive use of “nose powder” can make most anyone look a bit “gaunt”, doncha know?
The Snop Georgeolopoulos thread.
Chikin’ coming home to roost?
We let CIA overthrew elected governments all over the world. Now it’s attempting throw your own elected government.
Amerikka, what a fukushima!
We got to thinking that government by the Globalist elite was not “by the people, for the people, of the people”.
So, we tried to throw them out, and won an election. It’s a start.
The funny thing, as I discussed with some colleagues today, is that no one is claiming that the leaked information was wrong, or altered.
So, if someone was trying to influence the election, it was not by writing fake news stories…it was by revealing truth.
‘Local red tape only makes it harder and riskier to build, and drives up the price of land. Developers respond to these pressures by focusing on luxury housing, which bring higher returns to match the higher risks.’
This falls into one of two categories of explaining away a bubble. One is why an area is so fantastic or rare, people are rich and everybody wants to live there etc. The other is this example: well stuff just costs so much cuz of the shortage and jeebers these guys have to eat!
Let’s do an experiment: a hypothetical town somewhere decides to make SFR building permits $2 million. Automatically all houses will be worth $2 million plus. Nobody would buy that going in but we’re expected to buy that after the fact.
‘Last June, Dana Rice, a real estate agent and house flipper, was deep in the throes of a massive remodeling project. She had bought a 1938 home in an upscale neighborhood of Bethesda, Maryland, for $600,000 and intended to flip it for a hefty profit. Four months and $400,000 in construction costs later, Rice put the home on the market last weekend for $1,469,000.’
So is Dana greedy? Trying to make 400k in four months of hard work at the beauty parlor?
Did she mention “location”?
Hard work? You think she lifted a finger renovating that place? No, she made calls and wrote checks. BFD.
Shake that booty.
“when you look at what they had to pay for land, pay for materials, pay for labor.”
See also people ask absurd rent prices after paying an absurd amount for a place. Sorry, your mistake in buying isn’t my problem.
Last fall I saw a nice looking in-town vacant lot in Finley ND for sale by the town for just $100. The for-sale sign looked a bit weather-beaten, as if it had been out there a very long time. Two blocks from town center, 6 blocks from the school. A nearby town allows RV owners to improve in-town lots to serve as seasonal RV parking spaces. Snow birds can live there all summer, in the heart of a ND small town (which has its charms, at least in summer) and take off for warmer climes when it gets cold.
Realtors are liars. Zillow has stopped displaying the median sales price for Palm Beach County, Fl. I just looked it up for October. It is $230,000 while the Home Value Index is $246,000 and the Median List Price is $324,000. Maybe all the data is not in. Only 2,255 qualified sales showing.
September median sales price is the same. $230,000. Zillow lists the HVI as $244,000 and the MLP as $319,000. 3,068 qualified sales.
September 2015 median sales price was $237,000 with 2,906 qualified sales.
Comment by FL_Skeptic
2016-12-11 14:36:21
“Realtors are liars.”
Yes, yes they are.
Two-fer Joshua Tree cabins:
http://www.estately.com/listings/info/1799-winfield-road–2
Better hurry… running out of land.
OMG, that seems like the worst place to live I have ever seen….
Maybe, just maybe, countries such as the US and UK should be upgrading their delapidated infrastructure instead of lavishing trillions in printing-press stimulus on the banksters.
https://www.theguardian.com/uk-news/2016/dec/11/burst-pipe-leaves-150-north-london-homes-under-water
FSA votes don’t come cheap…
Wigger Nation
Oh dear. There could be consequences for not kow-towing to China. Like seeing our manufacturing base nationalized and our treasuries dumped.
http://www.zerohedge.com/news/2016-12-11/trump-reignites-china-diplomatic-spat-says-not-bound-one-china-policy
Their people can work cheaper.
“Their people” aren’t buying all that cheap Chinese-made crap.
At best, this is a game of chicken. Who can last longest: Americans who need to buy Chinese stuff, American businesses who need to sell Chinese stuff, or Chinese manufacturers who need Americans to buy Chinese stuff? My guess is that it’s the retail stores that will blink first. They don’t have months of inventory or cash on hand to tide them over to find new supply chains.
Could China’s nationalizing and commandeering American factories be construed as an act of war?
Interesting post, oxy. Do you think there’s a possibility they might nationalize? And if so, who would it be an act of war against? Those are not American factories, really. More like multinational corporate factories.
If the truth be told, these “multinationals” are entities unto themselves, with no particular allegiance to any country, except where it suits their executives and shareholders to live. In essence, they seem to be at war with people the world over.
If Chy-NAH wants to nationalize their physical plant, that’s their business. Possession is 9/10ths of the law and all that. What I don’t want to see is the youth of the US conscripted to fight for the multinationals. It’s not worth it. Let the multis hire mercenaries.
Also, to add to the above (not reply to my own post) don’t those factories belong to China in the first place? Weren’t they built by the Chinese to specifically produce for the multinationals? If so, what’s to nationalize other than maybe some inventory?
They could, of course, refuse to produce further for companies intending to sell into the US. Who’d want to go to war for that? Anybody has a right to refuse to produce for another if they so choose.
BTW, plenty of other countries that would probably love to see that happen.
If the truth be told, these “multinationals” are entities unto themselves, with no particular allegiance to any country, except where it suits their executives and shareholders to live. In essence, they seem to be at war with people the world over.
Gee, it sounds like you’re questioning the why that corporations work. They exist to make as much profit as possible for their shareholders. Be prepared to be called names, like socialist or something.
“They exist to make as much profit as possible for their shareholders.”
Oh, excuse me. I thought they existed to limit liability for their shareholders.
Corporations exist at the pleasure of legislators who write the laws supporting the very existence of corporations. Does anyone support the death penalty for corporations who misbehave? Wells Fargo deserves to be put out of our misery, for one. Perhaps if the world is to survive the globalists (and the world may not survive them), corporations will have to be reined in, big time.
Businesses exist to make as much money as possible for their owners. As palmetto says, corporations exist to limit liability for their shareholders. And their existence is only made possible by the government.
Is there anything on this earth that Mike actually understands? We have yet to find one subject he can speak intelligently about.
The multinationals are the first thing that I think of whenever some politician talks about “protecting American interests.” It appears to be code for “globalist profits.” Isn’t that why Bush went into Iraq etc? To protect Shell and Exxon mobile?
Hey Donk.
Them dumping Treasurys could bite a lot of Chinese investors who recently bought U.S. real estate at bubble prices where the Good Lord split them, as higher interest rates won’t support mania pricing.
The world is watching you, the world is watching:
http://www.picpaste.com/aye-aye.jpg
Sweet William has that exact same expression as he processes the news of Trump’s victory upon waking up each morning, whereupon the nice man in the white coat gives him some of that special hot chocolate that turns those peaks and valleys into gently rolling hills.
What happened to Bill?
He disappeared after Trump’s victory. Our working theory is that he had some sort of mental breakdown when he discovered that reality does not conform to his rigid, dogmatic viewpoint and binary black/white worldview.
I like to think he has “seen the light” and is working with the Trump transition team.
The Fed must print off trillions of dollars to fund neocon nation-building in Iraq. Krugman would approve.
http://www.aljazeera.com/indepth/features/2016/11/mosul-dam-collapse-worse-nuclear-bomb-161116082852394.html
Will China’s financial house of cards make it through 2017 without imploding?
https://www.bloomberg.com/view/articles/2016-12-06/why-china-can-t-stop-capital-outflows
The implosion of the Fed’s asset bubbles is going to be spectacular.
http://www.cnbc.com/2016/12/10/economist-harry-dent-says-dow-could-plunge-17000-points.html
Harry Dent…lol.
I started to read one of his books. I stopped reading after seeing too many foundational graphs that had no numbers or scale on an axis.
He’s mastered how to use fear to sell books.
He will be right one day. When he’s right, nothing but tears.
“He will be right one day.”
Or, he’ll never be right on the big predictions. But he’ll sell lots of books.
http://www.barrons.com/articles/SB50001424052702303392404576566841665679146
Blatantly underreporting the true rate of inflation cheats savers, workers, pensioners, and investors.
http://wolfstreet.com/2016/12/11/how-inflation-bites-more-than-official-consumer-price-index/
Meanwhile, the US 10-year treasury just hit its 52-week high. While Yellen the Felon would love to ramp up her swindles against savers by instituting NIRP, it seems the bond vigilantes are going to force her to hike rates instead.
http://www.marketwatch.com/investing/Bond/TMUBMUSD10Y?countrycode=BX
Dow at 52 week highs
Oil at 52 week highs
Bond interest rates at 52 week highs
Who wins?
Which will blink first?
Oh dear. The Shanghai Composite Index is crashing.
http://www.marketwatch.com/investing/index/shcomp?countrycode=cn&mod=MW_story_quote
Is the first big domino getting ready to fall?
https://www.bloomberg.com/news/articles/2016-12-12/shenzhen-stocks-drop-most-in-three-months-as-vanke-gree-tumble
It’s only off by 2.5%…no big deal.
It was up about 10% in the last 6 months……abrupt reversal.
Check out this $450K house in Frisco, TX (where i live)…
check out the backyard…
https://www.redfin.com/TX/Frisco/11720-Balch-Springs-Ct-75035/home/31562262#agent-insights
“check out the backyard…”
Weather radar tower… thinking tornado tracking?
That’s awfully big for a radar tower. Water tower? I bet they have nice showers in the house. The satellite googlemap shows another cell/radar tower further back.
The googlemap is frightening. Water tower, cell tower, Cube Smart storage units in back, neighbors 8 feet away, and right next to a major divided road. And the entire zip code is a thousand cookie-cutter rooflines.
Water tower? here’s a good pic. Never saw one with decorator blocks on the base.
Goggle map link
5 jiggawatts of microwave radio beacon rotating over your house 24×7 might give you out of body experiences when you sleep.
might give you out of body experiences when you sleep. Your corpse may not need embalming, having already been pre-cooked.
Congress doesn’t want the Fed to be doing all the extra-political resource redistribution; it wants a piece of that action as well.
Federal Reserve and Republican critics may compromise on oversight after Trump win
Reuters
December 12, 2016
Republican lawmakers and the Federal Reserve may be ready to strike a compromise deal on legislation that would give Congress greater scrutiny over the central bank, now that there is no longer the threat of a presidential veto, but it would likely stop short of dictating rules on setting interest rates.
http://www.reuters.com/article/us-usa-trump-fed-idUSKBN141197?il=0
The bond market rout is accelerating.
http://www.businessinsider.com/treasury-bond-market-update-december-12-2016-2016-12
Good luck punting yet again on a rate hike, Yellen.
http://www.zerohedge.com/news/2016-12-12/global-bond-rout-returns-vengeance-sending-10y-yields-highest-over-two-years
Good luck punting yet again on a rate hike, Yellen.
I’ve not yet seen an explanation that makes any sense as to why/how the bond market forces their hand in raising rates. What is the mechanism of transmission?
The oligarchy’s DNC puppets keep stamping their little feet over the election. Someone call a wambulance.
http://www.breitbart.com/video/2016/12/11/biden-trump-ran-most-vicious-craziest-campaign-ive-ever-witnessed/
Sorry, Crooked Hillary. Not matter what your crooked pollsters say or Comey or the Russians did, you lost the election because 61 million people were repulsed by your corruption, serial scandals, and influence peddling.
http://www.independent.co.uk/news/world/americas/hillary-clinton-james-comey-fbi-letter-cost-election-a7468831.html
http://election.princeton.edu/wp-content/uploads/2016/12/comey_effect_1200px.jpg
Keep the faith Mike! Don’t lose hope.
Meanwhile, on the winning side:
‘U.S. President-elect Donald Trump took aim at another major defense contractor on Monday, saying the cost of Lockheed Martin’s F-35 fighter jet program was too high.’
“The F-35 program and cost is out of control. Billions of dollars can and will be saved on military (and other) purchases after January 20th,” Trump said on Twitter.’
‘The aerospace giant’s shares dropped 2.6 percent in premarket trade after Trump’s tweet.’
http://www.reuters.com/article/us-usa-trump-lockheed-idUSKBN1411HF
McSame ain’t gonna like that.
So from now on, American businesses will be made or broken by Trump tweets?
Victory!!!
‘The aerospace giant’s shares dropped 2.6 percent in premarket trade after Trump’s tweet.’
Trump’s Goldman Sachs pals must not be invested in Lockheed Martin.
FACT SHEET: KEY POLICIES PROPOSED IN MR. TRUMP’S MILITARY READINESS SPEECH
Today Mr. Trump Will Lay Out Several New Proposals Designed To Update And Upgrade America’s Military
PROPOSAL: Immediately after taking office, Mr. Trump will ask the generals to present a plan within 30 days to defeat and destroy ISIS.
PROPOSAL: Mr. Trump will ask Congress to fully eliminate the defense sequester and will submit a new budget to rebuild our military as soon as he assumes office.
PROPOSAL: Mr. Trump will build an active Army of around 540,000, as the Army’s chief of staff has said he needs.
PROPOSAL: Mr. Trump will build a Marine Corps based on 36 battalions, which the Heritage Foundation notes is the minimum needed to deal with major contingencies.
PROPOSAL: Mr. Trump will build a Navy approaching 350 surface ships and submarines, as recommended by the bipartisan National Defense Panel.
PROPOSAL: Mr. Trump will build an Air Force of at least 1,200 fighter aircraft, which the Heritage Foundation has shown to be needed to execute current missions.
PROPOSAL: Mr. Trump will seek to develop a state of the art missile defense system.
PROPOSAL: Mr. Trump will modernize our nation’s naval cruisers to provide Ballistic Missile Defense capabilities.
PROPOSAL: Mr. Trump will enforce all classification rules, and enforce all laws relating to the handling of classified information.
PROPOSAL: One of Mr. Trump’s first commands after taking office will be asking the Joint Chiefs of Staff, and all relevant federal departments, to conduct a thorough review of United States cyber defenses and identify all vulnerabilities – in our power grid, our communications systems, and all vital infrastructure.
https://www.donaldjtrump.com/press-releases/fact-sheet-key-policies-proposed-in-mr.-trumps-military-preparedness-speech
Without corp media & their fake news, Hilly would have polled low 30’s at most.
The polls and post-mortems are all analyzed as percentages. But this election was really about turnout and third-parties. Clinton couldn’t hold the Obama voters. Clinton lost 2 MILLION black voters compared to 2012.
Story about voters (especially the black vote) staying home vs. 2012: http://www.forbes.com/sites/omribenshahar/2016/11/17/the-non-voters-who-decided-the-election-trump-won-because-of-lower-democratic-turnout/#2c0a3db440a1
Story about voters staying home, with one cause being more restrictive voting laws: http://www.pbs.org/newshour/updates/voter-turnout-2016-elections/
Restrictive voting laws? Have to laugh at that.
I don’t discount that repubs will make it difficult for certain demographics to vote, but with early vote, postal vote, absentee vote, provisional vote…anyone dead or alive who wants to vote has plenty of chance & time to do so.
Why are they trying to delegitimize the honesty and integrity of the world’s best election process?
“Hillary Clinton has taken the lead in the popular vote, gaining 2.7 million more votes than Donald Trump despite losing the presidential election Reuters”
Obama Encourages Illegal Immigrants To Vote
Published on Nov 5, 2016
Claims there will be no repercussions for voting as an “undocumented citizen”.
https://www.youtube.com/watch?v=WCLO0WBvhF8
Well duh! Voting makes you a citizen.
Who knew?
I’ve seen that interview. Obama did *not* say that undocumenteds could vote. He said that if a citizen votes, INS won’t go after undocumented family members.
I respectfully disagree.
She clearly says Undocumented citizens are fearful of voting and then lists things they are afraid of. Obama does not correct her but infers they have nothing to worry about.
You san click “show more” on this youtube link and get the entire 6:53 interview.
Go to 3:23 and the interviewer says…
“Many of the Millennials, Dreamers, Undocumented uh citizens and I call them citizens because they contribute to this country are fearful of voting, so if I vote will immigration know where I live, will they come for my family and deport us?”
President Obama…
Not true.
“And the reason is , when you vote you are a citizen yourself”
The smirk on her face after he says that is mission accomplished
I remember reading an article on how to spot when people are lying, the first thing they listed was eyebrows raising.
Take a look at Obama when he says…
“when you vote you are a citizen yourself”
How to spot a liar: the hint of a smile and raised eyebrows
The team from the University of British Columbia, in Canada, concluded that liars were betrayed by tiny movements that caused them to raise their eyebrows in surprised expressions and smile slightly.
http://www.telegraph.co.uk/news/science/science-news/9186151/How-to-spot-a-liar-the-hint-of-a-smile-and-raised-eyebrows.html
An accomplished manipulator can tell the plain truth and get their listener to mistakenly get the impression they have just hear a lie, and refuse to believe - the plain truth they have, in fact, just been told. In my not so humble opinion, having someone hear and then disbelieve the truth is a far greater accomplishment than getting someone to believe a lie. The hint of a smile and raised eyebrows are often noticeable.
When Obama raised his eyebrows, he wasn’t lying. He was acknowledging that the woman was lying through her teeth, as if to say “oh really.” It’s very common, even in movies etc. Heck, even the reindeer in Frozen raised his eyebrows that way.
lol Oxy, did you just draw a conclusion on what Obama meant based on body language drawn into a cartoon reindeer?
” Obama did *not* say…”
He did indeed. Understandable that the brain block out certain things when extreme trust and admiration is involved.
Obama
“and there is not a situation where the voting rules somehow are transferred over and people start investigating etc.”
because 61 million people were repulsed by your corruption, serial scandals, and influence peddling. The smell of her basic evil was what got to me.
Depositors in insolvent Eurozone banks, beware.
http://www.zerohedge.com/news/2016-12-11/another-european-bail-right-around-corner
The last refuge of scoundrels: the war on cash in the name of combating “criminals.”
https://www.theguardian.com/world/2016/dec/12/venezuela-pulls-most-common-banknote-from-circulation-to-beat-mafia
The Keynesian fraudsters at the Fed and central banks would have us believe that inflation is a good thing.
http://www.usatoday.com/story/money/2016/12/10/good-economy-inflation-finally-perking-up/95211388/
95 million people “out of the work force” because they choose not to work in our Obama-Fed-Goldman Sachs “recovery.” I love how the MSM spins the data and the contortions they go through to make it fit The Narrative.
http://www.marketwatch.com/story/follow-this-fake-statistic-that-the-right-wing-used-to-trash-obamas-economic-recovery-2016-12-10?link=MW_latest_news
Bolton questions if Russian hacks were ‘false flag’
BY CYRA MASTER - 12/11/16 08:26 PM EST
John Bolton, the former U.S. ambassador to the United Nations who has been floated for a possible role in Donald Trump’s State Department, questioned reports of Russian interference in the U.S. presidential election.
“It is not at all clear to me, just viewing this from the outside, that this hacking into the DNC and the RNC was not a false flag operation,” he told Fox News’ Eric Shawn on Sunday.
When pressed about his use of the phrase “false flag” and whether he was accusing an entity in the U.S. of involvement, Bolton said, “We just don’t know.”
http://thehill.com/homenews/309897-bolton-questions-if-russian-hacks-were-false-flag
Well, Bolton would know a thing or two about false flags.
REPLACEMENT COST?
todays bubble news
David Beckham sets sights on jaw-dropping £160million California PALACE
http://www.dailystar.co.uk/showbiz/569242/Beckham-David-Victoria-set-sights-California-palace-mansion-house-Harper-Cruz-Brooklyn
Why is it that everyone has to go beg for a loan to buy a car or house?
Obama vs Trump ARMY NAVY GAME cheering. Amazing! MAGA
Published on Dec 10, 2016
https://www.youtube.com/watch?v=3_GnqUwXW1g
Not one player took a knee?
Unpossible…
This is America, we like people to have their own opinions and to take a stand. If you dont like it, dont watch it.
We dont want a bunch of sheep.
“This is America, we like people to have their own opinions and to take a stand. If you dont like it, dont watch it.”
There are a lot of people not watching the NFL this year and contrary to your point, I believe this clearly shows we do not have “a bunch of sheep”.
“This is America, we like people to have their own opinions and to take a stand. If you dont like it, dont watch it.”
NFL TV Ratings Down Significantly Again In Week 9
November 7, 2016 2:16 PM
By Michael Hurley, CBS Boston
BOSTON (CBS) — The NFL’s ratings decline is no joke. The league has a serious viewership problem on its hands.
http://boston.cbslocal.com/2016/11/07/nfl-tv-ratings-down-significantly-again-in-week-9/
gee, i wonder what it couldernik be?
NFL = No Fun League
The NFL’s system ensures that the majority of teams are mediocre and boring to watch.
I always wondered about people who would buy those NFL satellite TV packages were they could watch all the games on a weekend. I mean, I can get watching the home team play, even when they stink, but why watch other teams? They are so interchangeable that if you made teams swap uniforms you probably couldn’t tell the difference.
the NFL is in denial.
i suppose the ‘bad games’ started just at the time some players started taking a knee during the anthem?
and a lot of the audience they lose won’t be coming back, no matter what they do. people are sick of pcness. they are tired of being lectured to.
the guy that wrote the article acts like he hasn’t seen the comment section of every article on this thing. nearly everyone is saying it’s because of the protests. it’s the fan base that’s speaking! but the NFL doesn’t listen.
a few weeks ago curt menefee was saying it was because of the election and other lame excuses. but he was sure it wasn’t the protests. i wonder what he’s saying now?
“nearly everyone is saying it’s because of the protests.”
Not buying it. More likely they’re being melodramatic but still watching. (My favorite was the comment where some lady who said she no longer watched was challenged whether she stood for the anthem watching at home. She said she did. Yeah, sure.) Most people I’ve heard talk about it are annoyed that the anthem kneeling is getting the attention it is, but still watch.
I’ve largely stopped watching Sunday football because, as Colorado stated, it’s boring. 3+ hours for what? I used to prefer Saturday football but even that doesn’t hold my interest but for a few games and the playoffs…
“She had bought a 1938 home in an upscale neighborhood of Bethesda, Maryland, for $600,000 and intended to flip it for a hefty profit. Four months and $400,000 in construction costs later, Rice put the home on the market last weekend for $1,469,000.”
That anecdote agrees with what we saw during a stay with my wife’s relatives in Bethesda last spring. Every fourth house on their street was a teardown undergoing renovation in preparation for a flip to some greater fool.
It sounds like the music may be fading.
the tune may be a RIF
in which case bethesda takes a hit
Anybody know of any good Chinese money launder-, er, investors?
$1.2M for a 4-plex that *might* bring $4800 in monthly rent. Subtract out 7-10% for maintenance, 7-10% for management, and $6300 for PITI (according to the financing calc halfway down the page), and you’ve got yourself a real winner.
They didn’t even bother with the obligatory “tremendous potential to increase the rent” in the description.
What’s the rule-of-thumb? Monthly rent * 120 = Price? You’d need to double the rent to make it work…
http://www.realtor.com/realestateandhomes-detail/3911-SE-28th-Pl_Portland_OR_97202_M11701-74884
Who cares about London?
I want to know what will happen to Manhattan and Long Island, LOL.