Early Read: 2012 Social Security Cost-Of-Living Adjustment on track for 3% increase
Submitted by
CalculatedRisk on Thu, 08/18/2011 - 12:50pm (496 comments)
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Where will the money come from?
CPI Jumps Stoking Fears Of Stagflation - Forbes
8/18/2011
"While global markets tumbled and many looked to Fed Chairman Ben Bernanke to set sail to QE3, consumer prices jumped 0.5% in July which, added to PPI numbers released Wednesday, indicate inflationary pressures building up across the economy."
obey
BtFD
Cinco-X wrote:
No
for me.
This is a sign!
Wish I bought more I-bonds when I could.
I enjoyed watching Cramer explode this morning.
So much so that I uploaded the video:
YouTube - squawk-2011-08-18.avi
Cinco-X wrote:
The proverbial Peter.
edit--That should be Peter's descendents.
Fundamentals getting better.
At Wednesday’s town hall in Atkinson, Ill., a local farmer who said he grows corn and soybeans expressed his concerns to President Obama about “more rules and regulations” – including those concerning dust, noise and water runoff -- that he heard would negatively affect his business.
The president, on day three of his Midwest bus tour, replied: “If you hear something is happening, but it hasn’t happened, don’t always believe what you hear.”
When the room broke into soft laughter, the president added, “No -- and I’m serious about that.”
Saying that “folks in Washington” like to get “all ginned up” about things that aren’t necessarily happening (“Look what’s comin’ down the pipe!”), Obama’s advice was simple: “Contact USDA.”“Talk to them directly. Find out what it is that you’re concerned about,” Obama told the man. “My suspicion is a lot of times they’re going to be able to answer your questions and it will turn out that some of your fears are unfounded.”
When this POLITICO reporter decided to take the president's advice and call USDA for an answer to the Atkinson town hall attendee's question, I found myself in a bureaucratic equivalent of hot potato -- getting bounced from the feds to Illinois state agriculture officials to the state farm bureau.
Here's a rundown of what happened when I started by calling USDA's general hotline to inquire about information related to the effects of noise and dust pollution rules on Illinois farmers
Obama's unhelpful advice | POLITICO 44
Nothing to see here. VIX back down under +40% on the day. Risk back on, everyone!
The only thing stoking fears of stagflation is hack econ journalists.
Have a great day.
I wish my salary hadn't been frozen for several years and counting...
Haralambos wrote:
How's things in Greece? Everything settling down now that your debt issues have been resolved by the ECB?
Maybe the tablet topic died last thread. But I agree tablets are one possible future for structured education. But you still have to learn how to learn. And we have a lot to learn in the U.S and A.
Chinese Students Flood U.S. Grad Schools - WSJ.com
get the government off my corn subsidies!
FLY, FROG, FLY!
Eric wrote:
Is the frog engaging the after-burners?
Speed wrote:
Leprechauns, The Tooth Fairy, Bernanke And Stagflation - Michael Pento - Pento's Page - Forbes
"Three things that Ben Bernanke doesn’t believe exist are Leprechauns, the Tooth Fairy and Stagflation."
timmay working his magic, 11K hat on!
km4 wrote:
Was that a variant on the "How can you tell when a politician is lying" joke?
Nemo wrote:
60 hits since I checked earlier... !
Wait a minute. We can't afford an "entitlement" like social security even though we "pre-funded" it with ~ $2.5 trillion out of wages. Apparently, we need to turn up the volume on the propaganda machine. Take it to 11 Barack!
ndk wrote:
You could have changed jobs and gotten a raise that way. There's still time.
11K being defended with vigor.
I'm having a fashion crisis...which hat to wear?
gonna be a photo finsih for 11k
option friday?
big jump for open?
Oh, come on, you lazy ass frog. No breather now. What's the point of rallying back to 1199X at the close?
Cinco-X wrote:
conleec nails it in a comment
Aug. 18, 2011 - 2:50 PM EST
This is classic. For once, Politico is doing the people's work. Keep it up. You know, what we need, obviously, is more government, so one department can help explain the other departments. Good God, when are we going to realize that government is the PROBLEM not the solution?
Cinco-X wrote:
Queue dryfly's "no more automatic COLA increase" mantra.
Cinco-X wrote:
Finns Set Greek Collateral Trend as Austria, Dutch, Slovaks Follow Demands - Bloomberg
"Finland’s efforts to get collateral in exchange for new rescue loans to Greece has sparked calls for similar deals from other euro members, highlighting obstacles to approving a second bailout for Europe’s most indebted country."
lots of new dollars being conjured into existence as we speak to support our glorious markets.
Basel Too wrote:
That inferior fuel mixture made from crops taking up arable farmland won't distill itself!
Thought it was going to be a last minute day.
Angry Saver wrote:
Wait a minute. We can't afford an "entitlement" like social security even though we "pre-funded" it with ~ $2.5 trillion out of wages.
*Iraq
Afghanistan
Pakistan
Yemen
Somalia
Libya
Syria?
FreeDUMB ain't free.
No doubt this 3% bump will offset the declines in our 401(k)s.
shorts covering...options madness just makes march madness look like sesame street
must.close.above.dow.11k
Nanoo-Nanoo wrote:
Sorry I let you down, but thanks for believing.
Sebastian
At the end of the article, Ben Davies said this:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/18_Ben_Davies_-Expect$2,100_Gold_by_the_End_of_December.html
ghostfaceinvestah wrote:
A Harry Potter economy. Poof, its gone.
Why does the PPT hate 'merica? No last second 11k print?
My oil sands holding is off another 8% on the day.
Is The Next Domino To Fall.... Canada? | ZeroHedge
@Vonbek..
ndk wrote:
But you can't bulldoze people.
You sure about that?
Hey, you're harshing my barely controlled panic....
"lots of new dollars being conjured into existence as we speak to support our glorious markets. "
Dow 12k worth by Friday?
420 day...smoke em...
"Why does the PPT hate 'merica? No last second 11k print? "
Give the old geezers a 25% cost-of-living adjustment, then cut it to 3% and spend the so-called budget savings on banksters.
Looks like I lost the best for today. Bummer.
ndk quoted:
Average home prices up 9.3% in July from a year ago - CityNews
Lucky me.
Like I said - hack econ journalists
"Under President Bachmann, you will see gasoline come down below $2 a gallon again. That will happen."
Michele Bachmann: I'm the "hombre-ette" to stand for you - Political Hotsheet - CBS News
Rickkk wrote:
I was just bustin' on Haralambos, since I think he's in Greece. I hope I didn't make him mad and leave...I wuz jus teasin'...
mr_clueless wrote:
True enough. It's a scary time to make such a move, though, and I try to think about long-term prospects. Paradoxically, long-term may never come, and yet, every day, it's a little closer -- and it looks a whole lot like the present.
Could look a lot worse.
ndk wrote:
I missed the opportunity to comment on the Georgetown Brawl tour. I liked this part:
The Chinese don't like thugball?
If Germany is about to tip into recession, it's tough to see on the ground.
Trains have been Packed, same goes for bars, restaurants & stadia; all discretionary.
The tourist biz in Prague was soft, but in the local expat community & hinterlands like Ostrava & Brno it was busy.
I'll be back next month in Germany, Prague & Spain, so I'll see if there's any change
poic wrote:
Finished off its lows...that should suffice...
Blame Canada.
Leo Apotheker Has Totally Lost Control Of HP
what a disaster and with WebOS and TouchPad now dead
Whew. Only down 400pts. That's a relief.
Skittles the Unicorn wrote:
mine was
0.1% on the day. All things considered, not bad. :toothlessgrin:
Former Idealist wrote:
Country is toast, real estate is toast, china is toast, canada is where you want to be.
Eric wrote:
YouTube - That wasn't flying, it was falling with style
"That wasn't flying, that was falling with style!"
Rickkk wrote:
I love that Harper was trying to Americanize Canadian banks, and then after the panic struck, he was walking around with his thumbs in his suspenders, saying, "How 'bout them Canadian banks, eh?" to anyone who would listen.
Me, I think Canada mostly got lucky with the raw resources boom. If that falls apart for a longer period of time in another crisis, it could be epic. Toronto included.
Abstract thought of the moment:
Your shredding old financial records and receipts from about 5 years ago and you take all these docs and place them in sequential order. Do you expect your life today will follow the same path forward -- in the same ways as in the past, or do you see life as being more dynamic? People that think stocks will take logical paths are the same people that buy lotto tickets and drink wall street
... never mind.
It's going to take like 500 years to earn back today's stock market losses in short term treasuries.
Isn't it fun to screw the pensioner sucker?
Another fun day on Wall Street ... best to all
based on the photos (i haven't seen the video), the brawl between Georgetown and the Chinese team must be one of the worst in big-time sports. what the hell is that, a trainer stomping on a player that's on the ground?
Fight ends Georgetown basketball exhibition in China - The Washington Post
SARAH PALIN: I Don't Think Newsweek's Cover Of Michele Bachmann Was Sexist
Well, it beat the heck out of that Iowa State Fair picture anyway...
Comrade Alexei Mikhailovich wrote:
Sounds like west (and parts of DT) L.A. People with $$ are just fine.
CalculatedRisk wrote:
Is it a "V", a "W", a "Y", a "L" or a "1"?
For years I've been saying we're going to have stagflation. That's why I've been telling all those people who think real estate is a good hedge against coming inflation that they are wrong, wrong, wrong. They just don't understand the concept.
Doc Holiday wrote:
Indeed. That excludes, what, 15% of the population? Gambler nation.
ndk wrote:
I had to change jobs to get a raise. That was 5 years ago. Now this one is beginning to stagnate.
Cinco-X wrote:
Where to start? Lots of jobs lost in May; someone on the comment board posted some numbers a few threads ago. I think it was -1200 a day. Numbers out in the media claiming Athens ~20% business closings and Thessaloniki ~40% off. Visually and anecdotally, I would say that seems right for Thess.VAT on non-alcoholic beverages (water, soft drinks and juices) going from 13% to 23%, but many of the cafes still seem to have lots of folks in them.
I think it is a bit quieter in the streets, but it is hot, and, after all, this is August here in Greece with many folks taking their necessary time in the sun. I do not think many of the younger folks (2-3 generations worth) are prepared for what will come, but perhaps they are just carping the day as the poems go.
On the debt issues, I have to give a bit of a chuckle and shake my head and thank goodness I am not in debt. The chuckle and head shake come from the SF rates skying, because there were teaser mortgage rats in SF 5 yrs ago from banks. I shook my head then. My Visa bill from here in Greece came today with the announcement that the bank would be inaugurating insurance for the bills that covered 3% of the monthly minimum I think if one was unemployed or injured and higher if one died in an accident; I am not certain, since the Greek legalese is hard to parse. This looks to be an interesting re-insurance scheme by the bank. At the same time, one of the places we bank is offering 5.32% interest on the equivalent of cds.
Does that help?
Danny wrote:
Be glad, because the 'real' money has to come from somewhere.
Speed wrote:
That closing volume really did the trick!
Financials Lead Global Sell-Off But This Is Not 2008: Yoshikami | Breakout - Yahoo! Finance
Right...this time it's worldwide and it's countries at risk...
Nemo, I was a bit disappointed in that Cramer meltdown. Not only did it resolve itself pretty quickly, but it was more about defending his 2008 Bear Stearns call than anything that's happening today.
Cripes, I was mentioning the bubble tendencies I saw on a visit to Toronto over a year ago(PHX teaches you these things.)
Heck, Canada's so bubbliicious that they're overpayingfor AZ property when no one is bidding against them.
ZH, a day late and a dollar short? HCN?
Folks with stocks are now starting to feel like folks with houses - just waiting for one upturn to unload. Please.....go over 12k and I promise to sell and never, ever, ever do this again.
Is her plan to reverse-split the dollar? Go back to 1/20th of an oz. of gold is equal to a dollar?
Oh, she didn't specify. I declare everyone can have a pony if they elect me President! Any color!
Hi
sters! Just dropping in to say hello. I've been on the road. 
Later!
If only my meagre CDs would go up to 3%. Wasn't all that long ago they were dancing around 5%. Don't we all thirst for the good 'ol days!! Alas, they are gone FOREVER.
Comrade Alexei Mikhailovich wrote:
As Germany goes, so does the world economy. They are worth watching.
MB wrote:
Hi, Bye..happy trails and be safe.
Comrade Alexei Mikhailovich wrote:
Don't even talk about bubbles in Toronto until you've been to Vancouver and talked about that first.
Georgetown in China fight video - DC Sports Bog - The Washington Post
All is not happy on the playing fields of Eaton....
Next up, one-world NCAA ruling.....
if the 3% increase occurs ... it will give a little more ammo to those who don't want to see the payroll tax cut extended.
Not a bad promise from a hombrette, huh Texican?
New Texican wrote:
Free ponies? Been there, done that, bought the tee shirt and sent the postcard.
Basel Too wrote:
It's an Asian kicking a black when he's down. That's not good for global race relations.
Skittles the Unicorn wrote:
How else did you think we got here? Basket and all?
.
rich wrote:
I bet the Africans wish they could get kicked while on clean hard woods. They usually just take their kickings on dirt.
NGBROI wrote:
I felt the same. Biting the bullet is better than biting your tongue, there is less bleeding. I call it asset preservation.
Double Dip Recession? More Like Depression Says Peter Schiff | Breakout - Yahoo! Finance
A depression? Well, we're in one...
The next dose of stimulus will be the lethal dose...
Buckle up! We're on a collision course with reality...
Y'all should watch this...Schiff is on fire...
How can a 'Meskin become President of the USA?
rich<
What race is the earth?
Mars?
Uranus?
Mr. Potter never got prosecuted either. Capa was a visionary....
Pearl wrote:
YouTube - Kiwi!
Decrease in paygo revenue component, decrease in special T bond returns, increase in pay outs. This does not end well.
500 points in the DOW ain't what it used to be, back in the day. nite
Wow, they got over $1832
Wow, they got below 1.98%
etc...
This is a big deal dawg. It's falling apart. So the next phase can come.
ndk wrote:
Vancouver has always been one giant asset bubble, because they are between the sea and the Rockies, and they stopped making land.
Unless we get a push through to wages all we are doing is shuffling the deck. Higher food and energy prices just crush housing further...
Chris
So tomorrow is a 'no news' economy day?
Cobradriver wrote:
Location, location, location.
Cobradriver wrote:
Yes, it's a deflationary spiral to anybody but a commodity speculator.
Yea, and they happened to put all of it right next to the Cascadia subduction zone. Wouldn't live there -- or in Seattle -- if you paid me to do so.
Re Vancouver
Enjoy the Red Scorpions and United Nations.
Angry Saver wrote:
Is no problem, because there are two sides to coin.
HomeGnome Select ratingCancel ratingIgnoredOkayGoodGreatCancel ratingIgnoredOkayGoodGreat wrote:
That is the good news, bad news is elimination of min. wage will lead to wages below $2 an hour.
Cinco-X wrote:
Turn your pockets inside out, bub.
Antipodes wrote:
Enjoying your Global Warming snowstorm?
Vancouver only got overbuilt in the runup to the Olympics. Back when they built GM Place I was up there and at least you had the flimsy(but plausible) excuse of HK migration.
Toronto was like Chicago 4 years ago on steroids & PCP.
pavel.chichikov wrote:
Nope. No money there.
The junkie analogy is the best one - do you want to go cold turkey, endure a lot of pain, and possibly save yourself, or when the pain gets too great do you pick the needle back up and eventually OD?
Oh, IDK....so, is current Teavangelist policy a great big dose of Narcan in that analogy?
Funny how the FICA cap is inflating faster than journeyman wages in my field.
When I was FOB in Silicon Valley in 2000 the FICA cap was $76,200 and a decent salary was $90,000-$100,000.
Now AFAIK a decent salary is still $90,000-$100,000 but the FICA cap is well above that.
justaskin wrote:
The Chinese should be banned from basketball. There are Chinese players picking up metal chairs and weapons on the sidelines and using them to hit Georgetown players, thugs who ran in to threaten the Georgetown players from the seats, and fans throwing objects at the Georgetown players as they left. In the video, I don't see one aggressive action from a Georgetown player.
U.S. college teams won't be going over there any time soon after this.
justaskin wrote:
I always thought that was a huge part of that story .. Potter wheel'd away un-touched, laughing his way back to the bank to enjoy the loot from that dumbass drunk Uncle Billy
.. and Uncle Billy went on, drinking and went on to run another mortgage company that began using derivatives to hedge risk...
Cinco-X wrote:
Ben will call his friend Harry Potter.
Rob Dawg wrote:
It snowed in my garden! Not more than a few, fluffy flakes, but it was snow! Last time it snowed in Auckland was in the 1930s.
Comrade Alexei Mikhailovich wrote:
THe condo to sfr ratio is astounding.
Rickkk wrote:
Haralambos wrote:
Good luck...we'll soon all be Greek...
rich wrote:
I'm thinking that if riots and weaponry was a cause to not participate in the NCAA Univ. of Miami (FL) would have been removed a while back. Their last football fight was interesting and did involved helmets and cleats.
Cinco-X wrote:
YouTube - Poof it's gone!
FYI,I didn't write that.
Then again I thought that way a while back. It just took a lot longer for the nicer areas here in Florida to get crushed. It has been 4-5 years since the market locked up and we are just now getting rolling on some good price reductions on the nicer stuff.
The waterfront place I linked to earlier is still listed at 179K. The street was 500-1M at the peak.
It took a long time to get ugly but it's here...
Chris
@MP
What you're really talking about is awareness.
Some folks know what time it is. Some don't.
Well, is the sun past the yard-arm yet, or do we have to wait till the floggings are over?
Antipodes wrote:
OMG--that was adorable, Antipodes!
I will have to find out more about that animator....
Thanks!
Thanks everyone,
Have a good evening and don't forget to eat your wheaties for whatever tomorrow may bring.
YouTube - Neil Young - Needle and the Damage Done
Nanoo-Nanoo, call it a light day. There is always Europe - and State unemployment rates. And I'm sure there will be something interesting.
best wishes
Keeping hacking at it, rich.
Cobradriver wrote:
It's not ugly, so much as what reality would have looked like without the 30 year acid trip
justaskin wrote:
yes
Cobradriver wrote:
Yup! There it is...
3% increase?!!
Good thing we are switching to the Chained CPI shortly or those old people would be living high on the hog
Antipodes<
Any good eats lately?
How's the cheese biz?
Is there enough data to know the YOY for the homedad index?
It especially crushes housing that takes a lot of energy to heat and cool.
@JD
How do you inject an electron?
Step one; find a banker at his last resort...
Re Chained CPI
YouTube - Aretha Franklin - Chain of Fools - Lyrics.
hombre-ette: I'm picturing chaps and a strap-on
There is a verbal game in basketball as well, hard to know what was said before it escalated.
ResistanceIsFeudal wrote:
Won't leverage used in blowing that bubble collapse with the bubble and end up deflationary as well? Unless of course the fed "lubricates" those markets to keep them from collapsing, further entrenching moral hazard...
Luckily, there is no inflation in things people want, only in what they need.
Elmer wrote:
hombre-ette: I'm picturing chaps and a strap-on
*Is that you Broward Fudd?
Cinco-X wrote:
IMHO, we get both at once, and that is what is bifurcating the economy. And the dichotomy will only grow... to obscene proportions.
Spool wrote:
There is a verbal game in basketball as well, hard to know what was said before it escalated.
*Probably something along the lines of "we own you"
or
Hu's your Daddy?
justaskin wrote:
In some sort of neo-Havana casino just before Fidel done showed up?
It isn't even that long. The bubble took off about 2000. You can really see it looking at wages here locally and home values.
Very little in household wage increases...huge home value increases.
I've mentioned that even my brothers place in Ohio had a mini bubble. The home they own doubled in value but nobody around there has really seen any significant wage increases for 10+ years...
Oh well...
Chris
this is not 2008. i keep seeing that repeated everywhere.
ResistanceIsFeudal wrote:
Whoa ...bummer dude...
Vancouver has managed to hitch its raison-d'etre to the Chinese economy, never mind what drives 95% of the economy. It's something to behold when east and west mix like oil and water. Ain't no melting pot up here.
12th Percentile wrote:
As it is, they'll "be living on dog (food)"...
RockyR wrote:
If only we are going to be so lucky.
It all started going downhill precisely when Entertainment Tonight showed up on the telly 30 years ago, and we embraced looks-not minds.
ResistanceIsFeudal wrote:
We're gonna need a :sandbag: icon too...
RockyR wrote:
You mean my Michael Phelps autographed Speedos and cap aren't in fashion again?!? NOOOOOOO!!!!
I can friggin cook from scratch cheaper than the cans my roomate buys for his dog. Rice and taters ain't that pricey.
Chris
$888k condos may sound lucky, but it's more of a dim sum.
Anything happen today?
Other than my mom got a raise.
of course not. 2008 was an MBS debt crisis.
this is a sovereign debt crisis, partially a result of "solving" the 2008 crisis by paying private debt with public debt.
Juvenal Delinquent wrote:
TV viewers said Kennedy won the debate. Radio listeners said Nixon prevailed.
JD wrote:
Ah, yes. The John Tesh Grand Unified Theory, with the Mary Hart Corollary. Well played !
Chris<
We just started making rice for our dogs to go with their dry chow.
They are loving it.
Especially when we drizzle a little olive oil over the top.
Cobradriver wrote:
you are right lots of other things too
CrescentDrive wrote:
I tried selling some that said "Objects in Speedos are larger than they appear" but the business shrank and ultimately disappeared.
The precious is on the march into the 19th century.
CrescentDrive wrote:
Pot culture in Vancouver: photo essay | The Vancouver Observer
Cobradriver wrote:
YouTube - The Prince Of Tides - Dad gets dog food
The payoff comes at the end...
Gack.
676 to go!
Cobradriver wrote:
Better add some lentils for protein.
Cobradriver wrote:
Agreed.
Take a look at pictures of some of the people topping the music charts in the 60s and 70s and then the ones currently at the top. The difference is pretty striking. As is the quality of the music.
Juvenal Delinquent wrote:
Curious timing. I have always hated that show.
HomeGnome wrote:
Last night we had a roasted butternut and ginger soup and a salad with Asian ginger dressing.
I took last weekend off. It's been a very emotional week for us, as our beautiful, loving dog of five years is no longer with us.
Duke wrote:
Not for my dog.
12th Percentile wrote:
Damn straight. Simon says no one comes close to the 1910 Fruitgum Company.
Hahahahahahaha, unicorns are funny.
As is the quality of the music.
The music (and movie) biz wants to pin poor sales on piracy. They can't accept that their product is slop that no one wants.
Antipodes<
Sorry to hear that.
Whadyer gonna do with your lucre @ $2500, buy a housebroken manatee?
Antipodes wrote:
im so sorry.
Cobradriver wrote:
$100. more for food & gas, need to look for a cheaper place to live by that same $100.
12th Percentile wrote:
Speaking of that... watched an informercial for this last night:
The Midnight Special DVD Collector Video Library
Gotta admit it's tempting. I am old. :getoffmylawn:
Nemo wrote:
I can't stand the British twerp.
Antipodes wrote:
Sorry to hear that.
What happened?
Condolences, "Podes.
This morning, our youngest son's 21-year old co-worker went to visit his girlfriend. They'd been arguing, she didn't want to talk to him, so he was asked to leave. He went to his car and sat in their driveway. The girlfriend's dad wasn't happy with his daughter’s relationship, so taking his handgun, he walked out to the driver's side of the car and shot the boy in the side of the head.........
...........stay safe...........things are changing.
Pahrump man arrested in death of daughter's boyfriend - Thursday, Aug. 18, 2011 | 7:19 a.m. - Las Vegas Sun
LIZ<
What is the long date on your foreclosure cases?
ie: What's the longest folks have stayed w/o payment?
Just today I had Terry put the broth from my canned meat on the dogs dry food. They gobbled the stuff up.
I had been throwing out the broth because it is to salty. I won't be doing that any more.
Chris
Sorry for your loss. We lost our dog earlier this year. Know how tough it is...
Juvenal Delinquent wrote:
LOL, that one is pretty brilliant.
lawyerliz wrote:
Wha'da'ya expect from a guy that puts the crotch in crotchety?
Maybe I can buy a condo!
Wow. I'm sure this is news to no one but me, but my lender's 30 yr. 0 pt. rate is 4.125. Un.Be.Liev.A.Ble.
Nemo wrote:
Cramer should NOT be on any TV channel (quoting unnamed sources per his usual). He's got a mental/personality disorder that should be obvious to everyone.
HomeGnome wrote:
Thank you, HG. I find the loss more difficult as I get older.
Chris<
Ours love rice made with beef broth!
Nope it's certainly not 2008. If it was, we'd have another 3 years to prepare for this ride...
gabyjan wrote:
Thank you, gabyjan.
Sorry if this is a repost but Zero Hedge just said the Fed helicopter dropped $200 million on the Swiss.
Cue Panic As Fed Resumes Liquidity Swap Lines, Lends $200 Million To Swiss National Bank, Most Since October 2010 | ZeroHedge
GET TO THE CHOPPA
I'm getting a new t-shirt
"I gambled on hyper-inflation and all I got was this t-shirt and a deflationary collapse"
My longest lady last paid March, 2007.
Her house was worth more than half a million at peak.
Yeah, but will they actually extend a loan?
Wow. What happened to just waving your pistol at the kid for a bit first? What is the unemployment rate around there?
Thanks Liz.
I thought it was about that long but I couldn't remember.
How's the offer by your son coming along?
Black Star Ranch wrote:
And said boy (man?) was oblivious to said man approaching him with a pistol? Something doesn't smell right.
.
EDIT: Ah. 1:30am. Yeah, lots of stupidity to go around in this one.
Just sitting there.
LOL. I forgot about that movie...
BSR,
What a fucking asshole. You guys still do the chair,right?
Chris
That's more like a shotgun divorce...
poic<
You look great in brown.
No, really.
josap wrote:
Yes, move-downs will become ever more a reality. Not bad on its own, but combined with smaller police forces 'serving' the public... security is going to come at quite a premium.
the smart thing to do is wait for that collapse you think is coming. The t-shirt will be much cheaper.
12th Percentile wrote:
http://en.wiktionary.org/wiki/don't_put_all_your_eggs_in_one_basket
HomeGnome wrote:
Heh. First read that as "how's the offer ON your son coming along"
Thought I'd just discovered a potential source of additional revenue.
Nanoo-Nanoo wrote:
Black is almost always appropriate, esp. after the day that used to celebrate labor. It also prepares you for any unexpected funerals.
YouTube - Elvis Presley - Trouble
So they hit you with margin calls when the value is going up? I always though those were a downside risk
"out of the mouths of babies"
Comments from the traders, please...
Liz<
What ever happened to the girlfriend of your son?
The one that you actually liked?
New Texican wrote:
Or in Medicare costs that will be deducted.
JimPortlandOR wrote:
Very interesting dynamics. I'm very surprised, it wasn't as much as a meltdown as I thought. It was more him exposing his burned hand, which might well have learned best for him.
"The risk is that you create panic in the market, Jim, because people listen to you and follow you."
So on topic, 3%... can haz more debt ceiling?
So will the daughter go visit pops in the all-bar motel after that little episode?
I lost track.
No gfs at the moment.
...as you like it
HomeGnome wrote:
Has she borrowed Christine O'Donnell's witches equipment?
oldhat wrote:
The Swiss Franc has been getting strong enough to be uncomfortable. This could be part of an FX operation to remedy the problem.
@MP
Prior to WW II, there was no central clearinghouse for intelligence information in the US, an absolutely incredible lack of awareness. OSS changed all that.
911
Cobradriver wrote:
I have three daughters. At 130am I'm as well a bit grumpy when dealing with "boyfriends". This boy apparently wasn't a boozer or druggie (so says our youngest) and the dad has always seemed normal to me.......so who knows what snapped. Sad situation, especially for Chris.
Markets: ‘The fear factor has reached boiling point today’ - The Globe and Mail
"August's horrible U.S. Philly Fed manufacturing survey and July's existing home sales data will only exacerbate the renewed sense of jitters currently taking hold of the financial markets," said Paul Dales, senior U.S. economist at Capital Economics in Toronto."
Cobradriver wrote:
Just started clearing a patch for the fall garden. More as the plot thickens
I think the Swiss are good for it, though I don't know who else I'd say that of.
My parents are living on a fixed income that includes SS checks and two small pensions. The house and cars are paid off so they just need to cover heating and electric and food and gas. They've been in this situation for 3 years now and they've got a pretty set routine. My dad said every year their checking account would go up slowly all year, they would take some money out to go on vacation and it would go down, and then it could go up again each month. He mentioned that this year it is isn't going back up. And boy are they pissed they aren't making any money on their savings.
lawyerliz wrote:
Let us know how much her Meidcare payments go up.
RayOnTheFarm wrote:
The Detroit Agriculture Network
The father looked a little dim witted in the booking photo, but maybe that's a normal look for him?
Ray<
Whatcha got going for fall crops?
I've got chard, kohlrabi, broccoli and kale.
Plus some late start squash, tomatoes, cukes and peppers to go under the high tunnel.
Oh, the olive trees we transplanted this spring have gone gangbusters.
People do in fact listen to him and follow his recommendations. Very mysterious.
<< drumroll >>
may i have the envelope please ...
.......................M2 up "only" $43 billion last week ...
FRB: H.6 Release--Money Stock and Debt Measures--December 3, 2009
HomeGnome wrote:
Doesn't sound 'Merican to me.
I predict we'll see a huge upsurge in productivity after President Bachmann's national masturbation ban goes into effect.
It's the sound effects... very persuasive.
Nemo wrote:
yeah...
this is where editing comes into play Nemo...
...
my guess is 1:20 of pyrotechnics, the rest Cramer Schtick!
Skittles<
Kolibri (F1) - Johnny's Selected Seeds
I gave up. Is there anything that freaking kills grass in this state? You can't even tell that just a couple of months ago it was kicking out veggies.
Glyphosate was just laughed at...
Chris
What I thought was revealing was that for Cramer, his miscue was like dropping the winning touchdown pass with no time left on the scoreboard in the superbowl, when you were wide open in the end zone, it obviously scarred him for life.
Demand for USD is outstripping the capability of Swiss banks. What does that tell you?
Cobradriver wrote:
Kaboom wrote:
President Bachmann's national masturbation ban
*You can't beat it
Labor action maybe of interest:
Hospital Workers, Facing Layoffs, Launch Counterattack On Executives
"In recent months, the management at Salinas Valley Memorial Healthcare System has approached workers with a set of proposals that include layoffs and cuts to pensions and health benefits.
the union of nurses, technicians and other hospital workers has rejected management’s proposal, instead launching a counter attack on the executives themselves. The hospital's top officials now face a firestorm in the local media and an audit from the state of California. The layoffs and benefit cuts are, at least for now, on hold."
Ah, the jokes..."at least the SEC will have to get off their asses"..."something, something, my cold dead hands..."
The invisible hand of the market will take care of that.
M1 dropped $2.5 billion
Well at least we won't have as many blind people in the country...
Chris
Comrade Kaboom wrote:
Hairy palms will go the way of moral hazard.
HomeGnome wrote:
It's actually going to be a fall/winter garden, so the usual candidates [1] that can stand frost and down to 15-deg, plus some bibb lettuce (which will be under plastic on cold nights).
[1] cabbage, carrots, collards, broccoli, mustard, turnips, plus anything else I think of
Comrade Kaboom wrote:
If that gets outlawed, well then only outlaws...,
YouTube - Cyndi Lauper - She Bop
Comrade Kaboom wrote:
I thought that was the chick from Maryland proposing that...but then again, my vision seems to be going...
paging energyecon: Exxon, U.S. Government Duel Over Huge Oil Find - WSJ.com
"The loss of the leases would be an enormous black eye for Exxon. The company hadn't previously disclosed the size of the discovery in what is called the Julia field until it was mentioned in the suit Exxon filed against the Interior Department last week in federal court in Lake Charles, La.
The Texas behemoth faces the sobering prospect that it may have made the largest discovery ever in the Gulf of Mexico only to lose it.
The Exxon discovery is believed to be the largest in the Gulf of Mexico since BP found the Thunder Horse Field in 1999, and it could be larger."
SS increase? just in time for elections.
More stunts to come.
"First, they came for the masturbators...I didn't see much after that..."
If that gets outlawed, well then only outlaws...,
we'll have to have a hcn "master of your domain" contest ...
YouTube - The Beatles-Julia
Cobradriver wrote:
You might want to try covering it with black plastic...and keep it covered when you're not going something...cover crops can be effective too, though I'm not sure what you'd use in FL. Nothing will get Winter killed. Maybe a cool season grass like rye?
Ray<
I've got some lettuce and "micro greens" going under florescent and natural light.
Skyphos - Johnny's Selected Seeds
I'm growing their mild and spicy micro greens mix on seedling flats filled with earthworm castings.
A good idea, except that grass grows over those plastic covers
Really fast.
Chris<
Go with what ya know, bro.
A flame thrower will take care of that grass.
Or cardboard. Starve those bastards of light.
Speed wrote:
I'd worry that it's more like the Fed is bailing out another European bank....
Black plastic works well here.
Perhaps plant the grass in the higher climes of the Florida alps?
HomeGnome wrote:
Quit yer grinnin' and drop yer linnen ....
HP kills TouchPad, looks to exit PC business - Aug. 18, 2011
Wow.
JimPortlandOR wrote:
Nope, here is the plan:
1) bring economy to a grinding halt
2) demand for oil falls
3) price of gas falls
I'm going to try a couple of rows of cukes this fall. It's so friggin hot his time of year it wipes out everything('cept the nanners).
Chris
black dog wrote:
I'm out...
JimPortlandOR wrote:
familyblog
the good: gas is $2/gallon
the bad: you're making $10/hr
there is a bank closing
FDIC: Failed Bank Information - Bank Closing Information for Public Savings Bank, Huntingdon Valley, PA
I don't think the county would like a fire to get away from me.
I sprayed and the grass died.
Then a month later it came raging back. It got so bad it overran the zuchini. Thats really bad. This time of year everything also gets way to much UV...all the leaves were torched. More experimenting this fall though.
Chris
Public Savings Bank, Huntingdon Valley, Pennsylvania, was closed today by the Pennsylvania Department of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
It's not Friday!
No fair.
It couldn't last one more day?
HomeGnome wrote:
They saved the public, but they couldn't save themselves.
Just like heroin, stimulus only feels good while it lasts.
700 home weatherization jobs to be cut
As federal stimulus money dries up, Home Weatherization Assistance Program employers expect to lay off 700 workers statewide over the next six months.
Outsider wrote:
I wish that they had killed Carla back in the 90s.
Chris, dog poop is pretty effective at killing grass. Go to your local dog walking park. You can probably buy all you can haul away.
WTF? BFT? Did the FDIC get their calendar wrong? What does that do to the poll Home Gnome
You don't need a weatherization man to tell which way the economy blows...
"poic<
You look great in brown.
No, really. "
That's not me. That's either rich, ghost or shill.
One of them borrowed my
I had hanging on my clothesline in preparation after I heard rumors that Ben was launching QE3.
later...
Nemo (I know you can't see this since you have me on IGNORE) but please
invest in a video editor... Cramer going volcanic was Fun but they cut back
to that female anchor the drama dropped precipitously...
duke of c.d.
ghostfaceinvestah wrote:
I wonder what new grift opportunities will replace the old grift opportunities that are expiring.