Is that where Bo Derek lives?

Everyone ready with their Got Your DOW 10K Hat? ?

"30-year fixed-rate mortgage (FRM) averaged 3.95 percent with an average 0.8 point for the week ending February 23, 2012, up from last week when it also averaged 3.87 percent."

Indeed.....

Wink

In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives, according to a recent report from the Office of the Currency Comptroller.

The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

Heckuva job ending TGTF, Dodd-Frank, Timmy, Ben...

Derivatives: The $600 Trillion Time Bomb That's Set to Explode - Money Morning

Possibly meaningless anecdote department. Over in the decorette section of the blogosphere, I'm reading about boomer parents who are renting or doing a lease purchase with their kids. So Mom and Dad go off to Florida, and the kids get the homestead, which would otherwise be sitting on the market.

ETA: Do completely private transactions like that even make it into the NAR stats?

Compounding the problem is the fact that nobody even knows if the $600 trillion figure is accurate, because specialized derivatives vehicles like the credit default swaps that are now roiling Europe remain largely unregulated and unaccounted for.

But everyone knows if the ISDA says credit event or not, that counts, right?
Crickets

Home sales were up 10% on volume in January in my area vs YAG. The lack of Blame it on the snow probably had something to do with it.

The four banks in question: JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Bank of America Corp. (NYSE: BAC) and Goldman Sachs Group Inc. (NYSE: GS).

The Four Horsemen

Return to 1990′s home values…a possibility 

First, I’m not saying this will happen but there is a possibility this can occur only if certain economic and financial conditions are met. For this event to occur the right conditions would have to happen in the right order and they would have to be severe. But if the home values did return to 1990′s prices, I think eventually demand would return and boost prices back to the early 2,000′s.

future order backlog index

Puzzled

Accordingly, the inflation-adjusted price of homes fell approximately 6.2 percent over the latest year.

No bold for this little bit?

Edit: Oops, I should have finished reading your comments, before I posted that.

Home values in Metro Detroit are already at 1994 levels. Prices are going up again slowly, as the auto industry improves.

But if the home values did return to 1990′s prices, I think eventually demand would return and boost prices back to the early 2,000′s.

My area of Florida is already at those prices. 1990's that is.

Chris

Oil Can, using the Case-Shiller national index, prices are already back to the late '90s in real terms.

CR said: "All of the regional manufacturing surveys released so far have indicated stronger expansion in February (Empire state, Philly, and Kansas City)."

This broad economic strength is what's going to make developments in Greece a non-event for us. When we had our "Lehman Moment" in 2008 the U.S. was in a serious recession. We're in a much stronger position now to weather any fallout from Europe.

Sebastian

Sebastian wrote:

We're in a much stronger position now to weather any fallout from Europe.

Yep!

Much to do about nothing.

Although photos of Molotov cocktails are always good to increase one's page loads.

Wink

Sebastian wrote:

We're in a much stronger position now

That's what they thought then.

Oil Can, using the Case-Shiller national index, prices are already back to the late '90s in real terms.

Now if someone could just inform the sellers.

KarmaPolice wrote:

Although photos of Molotov cocktails are always good to increase one's page loads.

Yes. My main concern nowadays is that CR is going to put himself out of business with all the good news he's posting.Smile

S.

Sebastian wrote:

We're in a much stronger position

So the banks have reduced leverage and derivative exposure? Who is this "we" you speak of?

According to the Bank of International Settlements, U.S. banks have loaned only $60.5 billion to banks in Greece, Ireland, Portugal, Spain and Italy - the countries most at risk of default. But they've lent $275.8 billion to French and German banks.

And undoubtedly bet trillions on the same debt.

There are three key takeaways here:

There is not enough capital on hand to cover the possible losses associated with the default of a single counterparty - JPMorgan Chase & Co. (NYSE: JPM), BNP Paribas SA (PINK: BNPQY) or the National Bank of Greece (NYSE ADR: NBG) for example - let alone multiple failures.
That means banks with large derivatives exposure have to risk even more money to generate the incremental returns needed to cover the bets they've already made.
And the fact that Wall Street believes it has the risks under control practically guarantees that it doesn't.

Rose Colored Glasses Now back to the yacht race Quick, fetch a pail!

Yerps banks take Greece hit only after loading up on ECB funny money they have no intention of repaying.

same ol same ol

Food for thought on the global economic front, couple of facts to remember first:

  1. Shipping companies have dropped capacity by over 10% in the past several years to prop up rates.
  2. Ships are steaming at slower speeds, longer crossing times, less crossings, also to cut capacity and drive up rates.

Baltic Dry Index - bulk, now at 706, 43% down from 1 year ago, well off the 10 year average of above 3,000.
DryShips Inc. 

Harpex - containers, now at 375, 55% down from 1 year ago, well of the 10 year average of 1,000.

Harper Petersen & Co 

Global trade is in the hopper, the economies are shuttering and the governments and markets are ignoring it.

scone wrote:

Do completely private transactions like that even make it into the NAR stats?

No. There is no way to count them. Nor do they count Craig's list sales/rentals, nor FSBO sales.

Cobradriver wrote:

My area of Florida is already at those prices. 1990's that is.

Metro Phx as well.
We are seeing some stability, but not any price increases other than the very low $18K tiny condos are now at $20K. Big Woop.

Global trade is in the hopper, the economies are shuttering and the governments and markets are ignoring it.

What choice do they have? Their jobs depend on it.

one tiny leap for the Its not easy being green one giant leap for mr. market!
(DJI range to 12996 so far today)
Got Your DOW 10K Hat? + 3K yo

We're in a much stronger position

The US can barely fog a mirror, Japan is a joke, China growth crashing from 9% to maybe 5% and Yerp settling in for a nice long recession.

I'd say we are in a much weaker position now, and getting weaker. I've called for recession in March/war.

It gets even more ugly.

The emergency bill was passed by a show of hands in an almost empty House as the two main parties that back Prime Minister Lucas Papademos' governing coalition stated their support. There was no roll call vote.

Cowardly scum.

http://www.usatoday.com/money/world/story/2012-02-23/greece-parliament-debt-swap/53218624/1

Relatively low stress in our financial system now, as contrasted with 2008.

Graph: St. Louis Financial Stress Index (STLFSI) - FRED - St. Louis Fed

Sebastian

We are seeing some stability, but not any price increases other than the very low $18K tiny condos are now at $20K. Big Woop.

Pretty close to the same deal here. The really cheap homes have dropped off. I think that is only temporary because there are so many unlisted empties it's only a matter of time before they hit the market.

By cheap I mean sub 30K that can be lived in while fixing them up. There are some smaller 2/1's that are in decent shape in the 30-35K range.

Chris

This broad economic strength is what's going to make developments in Greece a non-event for us.

Really? ... Kansas City Fed report for february 2011 ... how did Q1 2011 turn out?

Growth in Tenth District manufacturing activity matched an all-time survey high in February, and firms expected strong activity in the months
ahead. Prices for raw materials continued to rise, and more firms were raising finished goods prices.
The month-over-month composite index was 19 in February, up from 7 in January and 14 in December (Tables 1 & 2, Chart). This reading
matched all-time survey highs reached several times from late 2003 to early 2005.

http://www.kansascityfed.org/publicat/research/indicatorsdata/mfg/PDF/2011Feb24mfg.pdf

Cobradriver wrote:

By cheap I mean sub 30K that can be lived in while fixing them up.

The $22K condo 1/1 is move in ready, with upgrades and washier drier.

Hey Sebastian

Retail gasoline deliveries, already well below 1980 levels, have absolutely fallen off a cliff.
Guest Post: Why Is Gasoline Consumption Tanking? | ZeroHedge

Japanese Population To Shrink By One Third, Size Of Workforce To Plunge In Under 50 Years
Japanese Population To Shrink By One Third, Size Of Workforce To Plunge In Under 50 Years | ZeroHedge

The number of Americans earning below the poverty line in 2010: 46.2 million people
Official U.S. poverty rate in 2007, before the recession: 12.5 percent
Official U.S. poverty rate in 2009: 14.3 percent
Official U.S. poverty rate in 2010: 15.1 percent
Depression By The Numbers - A Poverty Bulletin | ZeroHedge

Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October
Kiss Hopes Of Chinese Easing Goodbye: January Inflation In China Soars To Highest Since October | ZeroHedge

Sebastian wrote:

My main concern nowadays is that CR is going to put himself out of business with all the good news he's posting.

Indeed. Much like the Catholic church finding out that the Sun doesn't revolve around the Earth.

Karma can be nasty....

Wink

if you strip out the inventory build for Q4 2011 (1.9%) ... and take out the high end of CBO guestimate of ARRA's impact on growth ... GDP growth Q4 would have been negative.

josap wrote:

We are seeing some stability, but not any price increases other than the very low $18K tiny condos are now at $20K. Big Woop.

The sand states are still in decline.

Epicenter's of earthquakes take a long time to repair.

The $22K condo 1/1 is move in ready, with upgrades and washier drier.

You can pick up decent older units near the hospital for right at that. The only problem is I'm not 55 yet.

Big smile

Chris

Epicenter's of earthquakes take a long time to repair.

We are much better today than even just last year.

There is no comparison to 07/08.

It was that bad.

Chris

Hospital proximity is a great asset for 55+ communities.

Bond investors leveraged 10 to 60 percent taking a 75%+ loss on an unlevered basis are not just underwater, they are deep sea fishing.

Tell 'em Reggie.

Contagion Should Be The MSM Word Du Jour, Not Bailouts and Definitely Not Greece! | ZeroHedge

Any word on Greece lately or have they just merrily gone on their way?

"Make no mistake, the housing sector is no longer a deadweight on the economy."

Housing takes another step out of the cellar - Outside the Box - MarketWatch

Cobradriver wrote:

The only problem is I'm not 55 yet.

That is a feature. I wish I was back in my condition at 55 which was 21 years ago. Have fun getting there however.

"Make no mistake, the housing sector is no longer a deadweight on the economy."

The economy is a deadweight on the housing sector.

Cobradriver wrote:

We are much better today than even just last year.

Oh absolutely.

But I am not sure about the amount of upside potential in that market.

Outsider wrote:

Hospital proximity is a great asset for 55+ communities.

We buy helicopter insurance at 50 per year for the future 10 mile flight to the nearest ER.

wow - 10 miles isn't even that far.

dilbert dogbert wrote:

We buy helicopter insurance at 50 per year for the future 10 mile flight to the nearest ER.

But don't expect to get out alive.

TODAY Health - TODAY Investigates: Dirty surgical instruments a problem in the OR

Years of antibiotic abuse probably wasn't a good thing.

Sick

But I am not sure about the amount of upside potential in that market.

I'm pretty sure I came close to bottom ticking the market with my purchase.

I like where my taxes are currently. We don't need any upside at all. I wouldn't be upset if prices even fell some more !!!!!!!!!

Chris

1 currency now -yogi wrote:

In 2009, five banks held 80% of derivatives in America. Now, just four banks hold a staggering 95.9% of U.S. derivatives

is ok, they can just keep doubling down
can't lose

Outsider wrote:

Hospital proximity is a great asset for 55+ communities.

Rise of the Gray Ghettos.

Rise of the Gray Ghettos.

Laughing out loud

Gonna have to implement cane control measures.

SUI laws. (Scootering under the influence) (of medications)

IAEA returns home from Iran empty handed, again. Radiation warning

Need uranium enriched to 3.5% to make electricity, they are at 20%, moved enrichment operations to Fordow, 256 feet underground. Once 20% enrichment is achieved, getting to 90% (weapon greade) is relatively quick.

Outsider wrote:

Gonna have to implement cane control measures.

Get off my lawn! Notice how all the "people" emoticons are middle aged or oldsters? Tells a lot about CRs target market.

Outsider wrote:

SUI laws. (Scootering under the influence) (of medications)

Have you seen them driving real cars.... That can be scary enough. I'm expecting areas of Mesa, AZ to have at least 1 urgent care facility every two blocks in the near future, with a walgreens/rite aid on every corner.
~splat

splat wrote:

walgreens/rite aid

no slash necessary, and you forgot CVS....and that still leaves one corner open....

prices recieved diffusion index 11

prices paid diffusion index 36

justaskin wrote:

no slash necessary, and you forgot CVS....and that still leaves one corner open....

Indeed ! I also forgot to add there'd be entire parking lots full of disabled parking bays.
~splat

Cobradriver wrote:

I like where my taxes are currently. We don't need any upside at all. I wouldn't be upset if prices even fell some more !!!!!

Excellent. But I am sure you would like* some* appreciation. Furthermore, I am quite sure that 99.9 percent of your neighbors would think differently.

Eeexelent!

splat wrote:

Indeed

Notice the lack of Snark
I was in just such a location recently....wish I could remember what was on the 4th corner...most likely a Dollar Store.....

We all have our biases as to where things are and where they are heading (economy wise). The next person to flip from a bull to a bear or vice versa will be the first.

Iran disclosed the Fordow plant only after western spys had detected it.

Former Idealist wrote:

Iran disclosed the Fordow plant only after western spys had detected it.

Iran is like an liberal oasis compared to our blessed friends the Saudis.

Pigged volker the viking wrote on Thu, 2/23/2012 - 11:36 am (in reply to...)

Outsider wrote:

fudge

new term alert!

fudge hend

Not EXACTLY new: fudge hend
Not sure about a guys who claims to be from Wankers Corner, Oregon, but note that there is a bar named Wankers Corner Saloon & Cafe in Wilsonville, OR.....

Outsider wrote:

wow - 10 miles isn't even that far.

It can be on Kalifornia freeways...

But how much have wages changed in this time? Granted financing options have also changed (among other things), so it's really hard to compare.

For example:

In Jan 1999 what was the real wage (1999 dollars)?
In Jan 2012 what was the real wage?

If the increase in wages or household median income have been over 15% to 25%, then I can see the 1990's home values in real terms.

splat wrote:

Have you seen them driving real cars....

Why do you think auto insurance rates are so high once you reach 55 y/o...

.
.
.
.
.
.
.
.
.
.
.
.
.
.
Snark

Coburn is a maverick...alright.

An idiot and a maverick.

Wasn't he the fine Senator that said the "gay agenda" was more dangerous than international terrorism? And as a Southern Baptist Deacon, I am not sure he is reality-based.

I am not sure he is reality-based.

Funny I say the same about the reality based person above as well.

Sears Posts $2.4 Billion Loss
USPS Plans 27000 Job Cuts as Plants Shut

Nothing to see here, move along, the on paper recovery is going as planned.

Seriously, those knots in your stomach are there for a reason.

"If it's so right, then how come you can't sleep at night"
YouTube - Arcade Fire - Modern Man

The problem with our society is that we got reality-based mixed up with realty-based.

So close and yet so far.

In contrast, the shipments and new order indexes fell slightly, and the new orders for exports index dropped from 10 to -7. Both inventory indexes increased.

See? What happens in Europe stays in Europe. Snark

Then there is Nancy and all her rhetoric as well..

Pelosi Statement on Rising Gas Prices - Rep. Pelosi

“Oil speculators are making money by betting against the American consumers at the pump.” – Nancy Pelosi (July 2008)

YouTube - Gas Prices & Foreign Policy Blame in '08 & '11

Really Nancy and what have you done to stop it? Nothing, but you sure knew how to Insider trade it.

And you want me to believe...Lol..I do.

sum luk wrote:

Dr. Ed's Blog: World Oil Demand

Interesting link ... thanks.

shill wrote:

Really Nancy and what have you done to stop it? Nothing, but you sure knew how to Insider trade it.

You mean this?

"Under his initial plea agreement, he faces seven years in prison and $10.8 million in restitution. Court files show his sentencing, first scheduled for November 2008, has been reset at least 16 times."

No doubt to give KBR lobbyists time to talk to the right people in the DoD and Congress (or Cheney?) KBR ex-CEO to be sentenced Thurs. in bribery case | oregonlive.com

BREAKING NEWS: Error Undoes Faster-Than-Light Neutrino Results - ScienceInsider

According to sources familiar with the experiment, the 60 nanoseconds discrepancy appears to come from a bad connection between a fiber optic cable that connects to the GPS receiver used to correct the timing of the neutrinos' flight and an electronic card in a computer. After tightening the connection and then measuring the time it takes data to travel the length of the fiber, researchers found that the data arrive 60 nanoseconds earlier than assumed. Since this time is subtracted from the overall time of flight, it appears to explain the early arrival of the neutrinos. New data, however, will be needed to confirm this hypothesis.

From the article:

"That's just not right," the 63-year-old Stoesser fumed. "If we've got some rice to sell, they ought to pay a premium for it just because this is the country that freed them."

Sebastian wrote:

My main concern nowadays is that CR is going to put himself out of business with all the good news he's posting.

CRVIX has plunged. It's quiet here after 10PM PT.

Everything's fine now.

Someone needs to tell him that Iraq has already paid us in oil.....

One more OT, more on the NYPD's "Muslim project" that includes areas outside of its jurisdiction.

Wonder how the expense of this compares to what was allegedly spent on the OWS occupation?

Newark mayor seeks probe of NYPD Muslim spying | oregonlive.com

shill wrote:

Check out this dumb ass the way he shakes Paul's hand...

... and the MSM is totally ignoring this handshake. Tinfoil Hat

Comrade Janošik wrote:

USPS Plans 27000 Job Cuts as Plants Shut

On a plane ride long ago (90s?), I sat next to someone overseeing a large chunk of the USPS budget. She claimed that part of USPS was effectively a workfare program for folks who would otherwise have a tough time getting a job.

Probably still true today. But maybe not for long.

USPS Plans 27000 Job Cuts as Plants Shut

Represents only about 10% of the total cuts recommended to remain a going concern.

Oh, I think he'd do well to begin re-examining what he 'knows'.

burnside wrote:

Oh, I think he'd do well to begin re-examining what he 'knows'.

He'd also probably be the first guy in your face if you raised the notion of an American empire.

New home sales for January tomorrow.
New Home Sales
I expect a "blow out" number. 338k.

picosec wrote:

CRVIX has plunged. It's quiet here after 10PM PT.

Everything's fine now.

The economy is in recovery, the Greek crisis is solved, and the wars in the Middle East are ending...

...Oh! and the DOW is about to break 13000....

JP wrote:

workfare program for folks who would otherwise have a tough time getting a job.

It just seems better for people to be doing SOMETHING. The ranks of the permanently unemployed and unemployable continue to grow.
Society will pay a heavy burden for those that are filling up the limited space at the margins.

She'll be comin 'round 107 when she comes...
She'll be comin 'round 107 when she comes...
Oh we'll all have higher prices
And our savings will be slices
She'll be comin 'round 107 when she comes...

[that's all folks]

azurite wrote:

Rice farmers feel Iraqis are ungrateful Farmers furious after Iraq stops buying US rice | oregonlive.com

Can't they just use it to make ethanol?

Gas on my coffee trip this AM at $4/19 (in downtown PDX - 50 cents +/- in Beaverton (not near any freeways). Chevron is usually the price leader/gougher.

Cinco-X wrote:

Can't they just use it to make ethanol?

Heck, in California rice farmers can "make" water by not planting rice. They get more by "wheeling" their allocations than the rice brings.

Million-dollar foreclosures rise as rich walk away - Feb. 23, 2012

Five years after the housing bubble burst, America's wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country -- and many of them are doing so voluntarily.

For the rich, it's a shrewd business decision.

For the poor, it's a last gasp of death.

Outsider wrote:

Hospital proximity is a great asset for 55+ communities.

Funeral Directors and Cemitaries as well.

Comrade Janošik wrote:

Society will pay a heavy burden for those that are filling up the limited space at the margins.

Agreed. Except no need to use the future tense.

Rob Dawg wrote:

They get more by "wheeling" their allocations than the rice brings.

Savy.

Funeral Directors and Cemitaries as well.

Just had a thought about Got Concrete?

Cementaries?

MSNBC has a Ron Paul consultant on. First one I've seen on TV.

Rob Dawg wrote:

I expect a "blow out" number. 338k.

Until new home sales rise above 500k, they really mean nothing.

When the economy has been burrowed out from underneath you, it means nothing anyway.

But we've discussed this before.

:laterall:

4 Valuable Passports That Anyone Can Obtain

1) SINGAPORE. Easily the most valuable travel document on the planet, a Singaporean can travel almost anywhere without a visa, including to the US and Europe. It takes two years of residence after obtaining permanent residency to qualify for naturalization. And obtaining permanent residence is a snap– you can simply set up a local company to qualify.
Pitfalls: Singapore does have mandatory national service, and it’s important to review the rules to find out whether you would fall within the window.

2) BRAZIL. There are two great things about Brazil. One, they refuse to extradite their citizens to answer for foreign crimes. It just doesn’t happen. Two, ANYONE can be Brazilian, whatever their ethnicity– black, white, brown, it doesn’t matter. Brazil is a huge melting pot. We are all Brazilian.
Brazil is the KING of ‘flexible’ citizenship options– getting married, adopting a child, hell even adopting a rain forest in some cases. And it can happen in as little as six-months to three years. Just don’t expect the process to be crystal clear.

3) ISRAEL. Speaking of flexible, if you’re willing to become Jewish, the State of Israel’s Right of Return entitles you to citizenship. Make no mistake, though, it’s not just going through the motions– you have to work with local religious leaders and actually make the conversion before they’re willing to go through the process.
Pitfalls: The downside of Israeli citizenship should be clear as military service is compulsory.

4) BELGIUM. At its core, Belgium’s naturalization laws allow foreigners who have maintained residence in the country for three years to apply for citizenship. “Residence” can either be in Belgium, or even abroad so long as you can demonstrate ties to Belgium, i.e. family, friends, employment, property ownership, paying taxes, etc.

JP wrote:

On a plane ride long ago (90s?), I sat next to someone overseeing a large chunk of the USPS budget. She claimed that part of USPS was effectively a workfare program for folks who would otherwise have a tough time getting a job.

A lot of gubmint jobs have been that way in the past...In the '80s, you could easily bump a more qualified applicant for a federal job if you were a Vietnam Era vet...not complaining...it's just an observation...

JimPortlandOR wrote:

Gas on my coffee trip this AM at $4/19

Apparently there was a fire last Friday at a Washington-state refinery that at least temporarily took out a lot of production, just as some states' refineries were converting to the summer blend.

A price response makes sense, except ISTM that gasoline demand is extremely inelastic, at least in the short term, so in that sense the speculators and storage companies are benefiting somewhat artificially.

BTW - In CA gas prices were on the rise well before the fire, that was just an additional factor.

She claimed that part of USPS was effectively a workfare program for folks who would otherwise have a tough time getting a job.

Newman?

Elvis wrote:

Rob Dawg wrote:
I expect a "blow out" number. 338k.
Until new home sales rise above 500k, they really mean nothing.

Of course. Thanks for the reminder. 338k would be barely above replacement and certainly lagging population at current occupancy densities.

Off topic but an example of why I keep tying CAGW with national economic policy:

In reality, orders issued to our elected nominal “government” by the hated, unelected Kommissars of the EU, our true government, who have exclusive competence to decide and dictate the UK’s environment and climate policies, are and will remain the basis of UK climate policy, regardless of what (or whether) Cameron and his vapid focus groups think (if “think” is the right word). Government of the people, by the people, for the people has perished from this once-free, formerly-democratic corner of the Earth. We have all the trappings of democracy and none of the reality.

From: Fakegate: why the perps should be prosecuted | Watts Up With That?

The "marching orders" part sounds uncomfortably familiar.

Rob Dawg wrote:

Heck, in California rice farmers can "make" water by not planting rice. They get more by "wheeling" their allocations than the rice brings.

FWIW, submerged paddy's are not required for rice cultivation... It's just that the yield is greater if you do so and you benefit in some other issues like weed and pest control...

Let me ask you all a question. What could possibly be driving all this "expansion" we keep relentlessly hearing about? I'm literally dying to hear your answer.

Let me ask you all a question. What could possibly be driving all this "expansion" we keep relentlessly hearing about? I'm literally dying to hear your answer.

politics

cdresearch wrote:

What could possibly be driving all this "expansion" we keep relentlessly hearing about?

In the center of the country, oil and gas exploration.

What could possibly be driving all this "expansion" we keep relentlessly hearing about?

$1.2 trillion deficits

black dog wrote:

$1.2 trillion deficits

Only the $.2 trillion part of that. The $1 trillion is merely pork.

cdresearch wrote:

Let me ask you all a question. What could possibly be driving all this "expansion" we keep relentlessly hearing about? I'm literally dying to hear your answer.

Well, we have heard from Dryfly and others that there were companies that were depending on overtime to meet current demand, as they were cautious about hiring. Perhaps that caution has faded, or the demand exceeded their OT capacity.

As for this "increased demand" just guessing but some returning from off-shoring and some due to surviving companies filling the void of failed companies.

EDIT: And then there's this.
Consumer Comfort Highest in Almost Four Years - Yahoo! Finance

hcn ...

The European Commission today downgraded its outlook for growth in Europe in the Spring Interim Forecasts and expects a contraction of 0.3% for the euro area down from the previously projected expansion of 0.5% in November.

European Commission Downgrades GDP Outlook Says Europe in "Mild Recession" , Market News - ecPulse.com

Rob Dawg wrote:

See? What happens in Europe stays in Europe.

And the corollary of making sure then that which is made in China stays in China...

Cinco-X wrote:

FWIW, submerged paddy's are not required for rice cultivation... It's just that the yield is greater if you do so and you benefit in some other issues like weed and pest control...

In the CVBB there are other issues. Selenium poisoning if you do not maintain liquid pressure is one. Then there is not using your allocation and thus losing future allocations. And yes, liquid fertilizer versus spot fertilizer costs.

Inflated central bank balance sheets, what else.

picosec wrote:

Perhaps that caution has faded, or the demand exceeded their OT capacity.

One potential cost of expansion. http://www.chicagomag.com/Chicago-Magazine/The-312/February-2012/Chicagos-Terrible-Rail-Bottleneck/

energyecon wrote:

And the corollary of making sure then that which is made in China stays in China...

$107 oil has got to be having the Central Committee throwing 100 year PERT charts out the window.

Rob Dawg wrote:

In the CVBB there are other issues. Selenium poisoning if you do not maintain liquid pressure is one. Then there is not using your allocation and thus losing future allocations. And yes, liquid fertilizer versus spot fertilizer costs.

Not to change the subject, but here's an interesting Wiki article:
Azolla event - Wikipedia, the free encyclopedia
It's worth a read, as is:
Azolla - Wikipedia, the free encyclopedia
Industrial farming has really gone off the tracks....

Rob Dawg wrote:

$107 oil has got to be having the Central Committee throwing 100 year PERT charts out the window.

The EU is the largest export market for China and it is in recession... though undoubtedly a mild and brief one as advertised by all the forecasters who assured us that policy moves would prevent a recession from occurring...

cdresearch wrote:

Let me ask you all a question. What could possibly be driving all this "expansion" we keep relentlessly hearing about? I'm literally dying to hear your answer.

Just my opinion,but the greatly reduced home prices are really helping this area.

The server at dinner the other night mentioned she had just bought a house. A whopping 38K and it's almost paid for.

That'll free up a few extra bucks in spending money.

Chris

The Port to rail corridor in Los Angeles has been a winner from the get go.
Alameda Corridor - Wikipedia, the free encyclopedia

This is rail for moving cargo. Yes, private corporations benefit but the savings to the general public justifies the effort.

Cobradriver wrote:

The server at dinner the other night mentioned she had just bought a house. A whopping 38K and it's almost paid for.
That'll free up a few extra bucks in spending money.

Yes, as long as the municipalities do not try to balance their excesses on the backs of the captive homeowner.

Got me two and quarter acres on a brackish channel and permitted 120 ft long tie ups? Top dollar, more than 5 digits if it has an existing house footprint.

The server at dinner the other night mentioned she had just bought a house. A whopping 38K and it's almost paid for.

That'll free up a few extra bucks in spending money.

Chris

The extra bucks is a true Green Shoots .

Regrettably your waitress probably doesn't have medical insurance, her gas costs almost double, and she is gonna get clobbered with new taxes.

This is rail for moving cargo. Yes, private corporations benefit but the savings to the general public justifies the effort.

Island of Sodor kicks butt

Rob Dawg wrote:

but the savings to the general public justifies the effort.

Avoiding/getting rid of grade crossings is a big issue for freight & passenger rail. Easy to see why the corridor was a great idea & is working well.

Rob Dawg wrote:

Yes, as long as the municipalities do not try to balance their excesses on the backs of the captive homeowner.

I may joke about all the old farts here but there is one saving grace...

The cheap bastards are really vocal.

We had a choice of two budgets to approve for the county. One was for a tax bill of 1180 and the other was something like 1360 per year on my property. I didn't care either way. The lower budget was approved unanimously.

Also right now the most they can jack my taxes since I'm homesteaded is 3% per year.

Chris

Also right now the most they can jack my taxes since I'm homesteaded is 3% per year.

3% is the goal not the limit.

They make the rest up in fees.

black dog wrote:

This is rail for moving cargo. Yes, private corporations benefit but the savings to the general public justifies the effort.
Island of Sodor kicks butt

Dawgifornia IS NOT fictional! The Port of Hueneme is the only deep water port between LA and SF. Rail is adequate but rudimentary. With independence this will change.

Seriously, the US economy continues to become more vertical and lose robustness. Concentration of power and brittleness go together.

One was for a tax bill of 1180 and the other was something like 1360 per year on my property.

need to convert the difference to # of early bird specials ...

The Postal Service doesn't exist to make a profit but to promote commerce
which it does well. Their pricing goal is to break even over time which they do.
All of the "losses" come from pre funding retirement and health plans at 2006
staffing levels. They have 326 billion to cover future retirement and health care
costs and an investment rate of 3.5 percent would provide enough income to
allow the funds to be self sustaining. The calls to privatize are nothing more
than means to loot the pension funds and sell off their massive real estate holdings
sticking the taxpayer with the loss. There is a reason the Postal Service is delivering
packages for UPS and FedEx now, it's because they are cheaper.

Looks like the cold weather in the Yurp is going to be causing some major problems if a rapid melt is coming.
Maybe the Reich can send some buckets for the bail out.

Operation Twist Forever Baby!

Snark

sporkfed wrote:

The calls to privatize are nothing more than means to loot the pension funds and sell off their massive real estate holdings sticking the taxpayer with the loss.

I wonder who'll make out like a bandit on this one.
~splat

azurite wrote:

Rob Dawg wrote:

but the savings to the general public justifies the effort.

Avoiding/getting rid of grade crossings is a big issue for freight & passenger rail. Easy to see why the corridor was a great idea & is working well.

Grade crossings are a community issue. EVERYONE benefits when there is separation. I have no problem paying for the improvements from mixed resources. I objected to the corridor because of the financing which was a gift to the railroads, not the project itself. I also had an interesting comment that made it into the EIR. The disruption from construction negated several years worth of initially projected pollution metrics.

Operation Twist the Knife Slowly.

Cobradriver wrote:

I may joke about all the old farts here but there is one saving grace...

Dammit. All I want is two and a quarter acres in the brackish zone with 120 feet of tie up and low taxes. Iffen you are gonna give me a hard time I might as well retire to Cambria.

Sears to Sell 11 Stores

to whom I wonder.

I'm on an IPad and haven't figured out how to post links yet, but if you google OIG, Sanders,
Postal Service, and 326 billion, you find the Inspector General's report to Sen. Bernie Sanders.

"I sat next to someone overseeing a large chunk of the USPS budget. She claimed that part of USPS was effectively a workfare program for folks who would otherwise have a tough time getting a job."

USPS is the 2nd largest employer of vets (and disabled vets), just behind the DOD. I couldn't find more recent figures (read them awhile ago; can't find the survey now), but here are the ones for 2007. The figures have been going down since their financial difficulties.

If that is a "workfare" program, I support it, as there were several disabled vets in our family. The Postal Service in our area is excellent and the workers are very conscientious. I never used FedEx or UPS to ship delicate or breakable items.

Rob Dawg wrote:

Dammit. All I want is two and a quarter acres in the brackish zone with 120 feet of tie up and low taxes. Iffen you are gonna give me a hard time I might as well retire to Cambria.

I hear Nicaragua is nice

I hate to disabuse anyone, but the so-called "expansion" is an illusion. NONE of it is real in any meaningful sense. Orwell was indeed a genius.

Former Idealist wrote:

Sears to Sell 11 Stores
to whom I wonder.

General Growth Properties.

Insanity as GGP is both insolvent and illiquid and spiraling in.

ResistanceIsFeudal wrote:

Rob Dawg wrote:
Dammit. All I want is two and a quarter acres in the brackish zone with 120 feet of tie up and low taxes. Iffen you are gonna give me a hard time I might as well retire to Cambria.
I hear Nicaragua is nice

My brother is there. Too close.

Rob Dawg wrote:

My brother is there. Too close.

The US in the '20s may start to resemble the Nicaragua of the 80's...

Whoever burned those books should explain why.

Sears to Sell 11 Stores
to whom I wonder.

Hey! Home Depot looking to open ... 11 stores in 2012 ...

Rob Dawg wrote:

Dammit. All I want is two and a quarter acres in the brackish zone with 120 feet of tie up and low taxes. Iffen you are gonna give me a hard time I might as well retire to Cambria.

Did you catch the link for the 3.5 acres waterfront ? The big upside there is it's already zoned commercial.

Chris

black dog wrote:

Hey! Home Depot looking to open ... 11 stores in 2012 ...

Are the 11 stores they're selling NOT mall anchor stores? I don't think I've ever seen a Home Despot attached to a mall. Nearby perhaps, but not an anchor...

Paradigm Lost wrote:

If that is a "workfare" program, I support it, as there were several disabled vets in our family. The Postal Service in our area is excellent and the workers are very conscientious. I never used FedEx or UPS to ship delicate or breakable items.

The USPS has indeed filled a social role. Lots of excellent, yet overlooked people were hired. They have done stellar jobs for the most part. Like Sears they have been the old lion beset by jackals. All the profitable bits have been bitten off.

ResistanceIsFeudal wrote:

The US in the '20s may start to resemble the Nicaragua of the 80's...

Cuba in the 50s.

Rob Dawg wrote:

All the profitable bits have been bitten off.

The dog has to be made larger, or the tick colony will be unsustainable!

sporkfed wrote:

The calls to privatize are nothing more
than means to loot the pension funds and sell off their massive real estate holdings
sticking the taxpayer with the loss.

Agree. Hedge funds and private equity know where the money is, now they pull the political strings to gain access. A big problem is pension funds eating their own to get the magical 8% return.

"In addition to Blackstone, the world’s largest buyout firm, New York State’s two public employee pensions and four New York City pensions stand to gain from the drive for higher profits at Pinnacle foods. The retirement funds poured $920 million into the $20 billion Blackstone fund that owns Pinnacle, which took over Birds Eye in 2009.

Public pension funds -- seeking to boost returns after failing to secure the 8 percent annual investment earnings needed to pay benefits for teachers, police officers and other civil servants -- are the biggest source of cash for private equity firms."
State Pensions Find Private Equity Bites as Blackstone Cuts Jobs - Businessweek

I hate to disabuse anyone, but the so-called "expansion" is an illusion. NONE of it is real in any meaningful sense. Orwell was indeed a genius.

We need more analysis and charts LMAO!

Are the 11 stores they're selling NOT mall anchor stores? I don't think I've ever seen a Home Despot attached to a mall.

Thomas the Train, Gordon, Percy et al could move them where needed ...

ResistanceIsFeudal wrote:

I hear Nicaragua is nice

Family member was there last week on business and really likes it.

1 currency now -yogi wrote:

Whoever burned those books should explain why.

Handled most ineptly. The correct way would have been to have a respected Koran scholar proclaim the books themselves defamed by the heretical writings in the margins that blasphemed the words of the Prophet. Then the damaged objects could have been destroyed properly.

still, books lined with prohibited communications no longer enjoy the protection of sacred texts. They have been defiled.

MaryAnn wrote:

Family member was there last week on business and really likes it.

Yeah, if I was kidding I'd have said Mogadishu or something...

Cobradriver wrote:

Did you catch the link for the 3.5 acres waterfront ? The big upside there is it's already zoned commercial.

Yes, riffing off the link. AFAICT it is behind a mast limiting bridge right? The draft seems pretty shallow as well.

cdresearch wrote:

What could possibly be driving all this "expansion" we keep relentlessly hearing about? I'm literally dying to hear your answer.

Not expansion. It is literally "recovery".

In the wake of the 2008 financial panic, businesses laid off millions "pre-emptively", in anticipation of the next Great Depression.

We are plus 3.5 million jobs from bottom. But, still 5 million jobs under peak.

We are just "recovering" (some of) the ground voluntarily given up by business previously.

Rob Dawg wrote:

Cuba in the 50s.

How about Iran in the 80s? Laughing out loud

This is fun!

sporkfed wrote:

All of the "losses" come from pre funding retirement and health plans at 2006
staffing levels.

Feature, not bug for the Congress that put that plan into action

Yeah, Dawg. I'm gonna miss Sears. The company's been ruined.

Wal Mart can't even begin to take its place with its cheap Chinese plastic crap. Appliances; tools; towels and sheets that wore like iron. Really gonna miss 'em.

MaryAnn wrote:

Family member was there last week on business and really likes it.

Could be nice, but I'd still chose Costa Rica if given the choice...I can't help but feel that there's still bad blood in Nicaragua over the whole "Contra" thing...

Cinco-X wrote:

I don't think I've ever seen a Home Despot attached to a mall. Nearby perhaps, but not an anchor...

A near by plaza has a home depot prominently located within its bounds. Target is the main anchor, along with a mini J.C. Pennys and Best Buy. About 30 stores total so far. (and all occupied) Still expanding too. A Publix grocery, CVS drug store and a few more in the expansion.

Cinco-X wrote:

Could be nice, but I'd still chose Costa Rica if given the choice...I can't help but feel that there's still bad blood in Nicaragua over the whole "Contra" thing...

Lots of expats finding their new home in what they might remember as being the 'second world'...

ResistanceIsFeudal wrote:

The dog has to be made larger, or the tick colony will be unsustainable!

Numerator, denominator. If you are the tick then all that matters is the velocity not the size of the dawg. The velocity of money has returned to such levels as to be starving the ticks.

Paradigm Lost, " The Postal Service in our area is excellent and the workers are very conscientious."

And I can not believe how Cheap it is to send a letter across the country. 44 cents is a give away (!) Smile

Rob,

Here ya go. According to the county records it has a 4900 sq/ft garage. Plenty of room for docks.

The funny part?

The county has it valued at 1.4M....

5000 Marina Dr Port Charlotte FL - Home For Sale and Real Estate Listing - MLS #N5767919 - Realtor.com®

Chris

Firemane wrote:

In the wake of the 2008 financial panic

New Keyboard

Yes yes those silly central bankers were just squishy - if they had only had confidence why there would have been no 'panic' - this one's for you, Chip:

YouTube - Animal House - All Is Well! 

ee -- OT: Girded my loins and upped the difficulty on GalCiv2 to 'Challenging' and started a new game last night with 9 AI opponents... uffda.

wafdof wrote:

A near by plaza has a home depot prominently located within its bounds. Target is the main anchor, along with a mini J.C. Pennys and Best Buy. About 30 stores total so far. (and all occupied) Still expanding too. A Publix grocery, CVS drug store and a few more in the expansion.

I've seen JC Pennys, Best Buys and CVS' in actual malls, but never a Home Despot and never a Publix. I don't consider a strip mall plaza to be the same as a mall:
YouTube - Robin Sparkles "Lets Go to the Mall" video

Edit: BTW, IIRC, Spring should be poppin' down in 'Bama in the next week or two...I seem to recall the oak trees blooming in late February and the daffodils showing up in the pastures in early March....

In the wake of the 2008 financial panic

A lot of people now think we have to have another financial panic to get a recession.

wrong

Rob Dawg wrote:

$107 oil has got to be having the Central Committee throwing 100 year PERT charts out the window.

$107.84

Paradigm Lost wrote:

Yeah, Dawg. I'm gonna miss Sears. The company's been ruined.

They have been in run off mode since they closed the tool foundry in Worcester, MA those many decades past.

In recognition of the tax plans released by the administration and Romney, here's a good article by the heretic Bruce Bartlett:

Bruce Bartlett: Tax Code Not Aligned With Basic Principles - NYTimes.com

Article on Romney's tax plan touted this a.m. by the biz cable shows:

Mitt Romney's Tax Plan Is a Mathematical Disaster - James Kwak - Business - The Atlantic

ResistanceIsFeudal wrote:

Lots of expats finding their new home in what they might remember as being the 'second world'...

NZ is a member of OECD! Big smile

Paradigm Lost wrote:

Bruce Bartlett: Tax Code Not Aligned With Basic Principles - NYTimes.com

Is Bartlett saying it's all gonna go pear shaped?

She'll be comin 'round 108 when she comes
She'll be comin 'round 108 when she comes
Oh we'll all refrain from shopping
Cause our savings will be dropping
She'll be comin 'round 108 when she comes

[sing it with me]

Cinco-X wrote:

Is Bartlett saying it's all gonna go pear shaped?

Laughing out loud

Sears Craftsman tools fetch a lot of money at auction. Sell better than anything else these days. Old small appliances sell good, too, even tho they were made in the '70s.

Cinco-X wrote:

Is Bartlett saying it's all gonna go pear shaped?

I wonder about you sometimes...

Chris

energyecon wrote:

Yes yes those silly central bankers were just squishy - if they had only had confidence why there would have been no 'panic' - this one's for you, Chip:

Yes - there was a genuine financial crisis. And plenty of good reasons why it would have been grand to let the investment banks perish ... the commercial bank side ... that you cannot let perish, (else you do have another GD). This was the brilliance of the bankers in convincing the guv to tear down that wall between commercial and investment.

But, I'm not talking about banking at all. The massive layoffs that followed were not a result of lowered demand - they were a cause for lowered demand. Some percentage of the layoffs were reasonable and justified, (especially in the housing and financial sectors). But, the bulk of the other layoffs were pre-emptive and were a self-fulfilling prophecy. THAT is the part of the economy we're recovering - the part that there was no good reason to shrink so much so quickly to begin with.

That's why it's not an "expansion". It is literally a "recovery" ... mostly of ground surrendered for no good reason.

Cinco: Mostly a discussion of earned and unearned income, along with some good chart pron.

1.98

ten year missed a step ... fell about 5 bps straight down ... hhmm ...

Cinco-X wrote:

Spring should be poppin' down in 'Bama in the next week

We never really had winter in central Al. Jasmine on the front porch of the B'ham house has been in full bloom the past week or 10 days.

Dogwoods poppin' too, along with all the early bloomin bulbs.

black dog wrote:

1.98

It seems like oil prices are the new interest rates.

I think if you have the Fed successfully keeping long-rates artificially low (for the time being) the "cost" is simply going to show up somewhere else.

Arbitrage across assets.

We had to burn the books to spread freedom.

The bad: Four to eight inches of snowfall by tomorrow; we're up to three and counting...

The good: First appreciable storm of the winter. Last year's was in November.

Blame it on the snow

Firemane, " That's why it's not an "expansion". It is literally a "recovery" ... mostly of ground surrendered for no good reason. "

Interesting wway to look at it, you could be Right !

I remember thinking a lot of the layoffs were an over reaction, at the time. Our City is a great example.

wafdof wrote:

We never really had winter in central Al. Jasmine on the front porch of the B'ham house has been in full bloom the past week or 10 days.

Dogwoods poppin' too, along with all the early bloomin bulbs.

My Dad told me it got into the 20s for a couple of nights....That's kinda like Summer in Michigan's Northern Peninsula...

ResistanceIsFeudal wrote:

The bad: Four to eight inches of snowfall by tomorrow; we're up to three and counting...

Where you be?

Firemane wrote:

The massive layoffs that followed were not a result of lowered demand - they were a cause for lowered demand.

Rising atmospheric CO2 is the cause of rising temperatures not the consequence.

This is a jobs cepression. Cepression. A new word. Depression is a bubble with general collapse. Recession is a pause via imbalances. Cepression is an accounting reconciliation.

N.B. I am aware that Cepression could be pronounced the same as suppression.

Cinco-X wrote:

Where you be?

Same place as always, off in the southeastern end of Dakotah

1.98 is Europe. Europe isn't finished and USTs are going to go Japanese or ... Or I don't know.

Rob Dawg wrote:

heretical writings in the margins that blasphemed the words of the Prophet.

Cite?

ResistanceIsFeudal wrote:

Same place as always, off in the southeastern end of Dakotah

Sorry; didn't know, but as Outsider pointed out yesterday, I'm really not up on those deails...BTW, is that any different than the Northwestern end or Dakota?

It seems like oil prices are the new interest rates.

i'm dumbfounded by those who shrug off the rising price of oil/gas

market still glorious, I see.

Rob Dawg wrote:

Rising atmospheric CO2 is the cause of rising temperatures not the consequence.

Isn't there presumably an effect whereby rising temperature result in the release of CO2 formerly sequestered in permafrost?

Should I be feeling any pressure to buy a home yet?

Is it time to start investing in stocks?

Always the Pigged, never first Shakes Tiny Fist of Fury ....from prior thread:

km4 wrote:

American Manufacturing Could Be in Bigger Trouble Than We All Thought - Jordan Weissmann - Business - The Atlantic

No worries because Bama will buy deadbeats houses AND keep on extending unemployment benefits

The Washington Monthly - The Magazine - The Myth of American Productivity

I warned Mandel about this, in a Business Week comments section, many many years ago (mid
2000s but BusinessWeek apparently doesn't keep comments that long or something),
and Michael responded in the comments that there was no evidence of it, so it cannot be real.
I told him point blank that US-attributed product had content developed outside the US which
was literally unmeasurable at any border by any government because the actual productive contribution
crosses borders in an unwatchable way that is immune to government statistics gathering (in this case,
very renumerative and high-profit software development).

Here it is, 2012, and the lightbulb has finally come on, though dimly lit and more studies are needed.

Economics is hard and we're screwed. By the time our economists have identified our lifestyle change
in the rear view mirror, with 100% certainty, it will be over...

black dog wrote:

i'm dumbfounded by those who shrug off the rising price of oil/gas

What are we supposed to do?

It work out so well for so long.

People just got lazy and complacent.

Doh!

Cinco-X wrote:

BTW, is that any different than the Northwestern end or Dakota?

Yeah, it's somewhat civilized. Most of us have running water, heat, and electricity. No shale oil fields out here though.

black dog wrote:

1.98
ten year missed a step ... fell about 5 bps straight down ... hhmm ...

Went up 9 bps on no reason. All ARB.

And here's a good article on Obama's new tax plan:

Obama's business tax reform: A good start - CSMonitor.com

Obama's "diagnosis of the problem is spot on. In just a few pages, the Treasury Department does a marvelous job describing what’s wrong with the way the U.S. taxes business. Anybody interested in understanding why the tax code is such a mess should read " their study.

"Here’s what I don’t like: After doing a great job explaining the problem, Obama often flops when it comes to a cure. Sure, he proposes cutting the corporate rate. These days, who doesn’t? But when it comes to which tax preferences he’d dump, Obama often ducks the tough choices. More troubling, some of his proposed cures may make the disease worse."

ResistanceIsFeudal wrote:

No shale oil fields out here though.

You say that like it's a bad thing....

Cinco-X wrote:

You say that like it's a bad thing....

Plenty of FIRE and healthcare though, so we're good to go!

ResistanceIsFeudal wrote:

Plenty of FIRE and healthcare though, so we're good to go!

Preach it, brother!

Cinco-X wrote:

What are we supposed to do?

The US just spent 2 trillion in EyeRack to procure a steady flow.

Isn't that working?

We need a Paul Wolfowitz icon...or, at least, Rummy.

ResistanceIsFeudal wrote:

Yeah, it's somewhat civilized. Most of us have running water, heat, and electricity. No shale oil fields out here though.

Do you play a lot of euchre and drink Windsor?

Paradigm Lost wrote:

, Obama often ducks the tough choices. More troubling, some of his proposed cures may make the disease worse."

He's on TV right now and wants me to tell you, "There is no Silver Bullett.

Paradigm Lost wrote:

Obama's business tax reform: A good start - CSMonitor.com

FTL:

  • But when it comes to which tax preferences he’d dump, Obama often ducks the tough choices. More troubling, some of his proposed cures may make the disease worse.

Edit: I guess he really IS a Red Team 'er

Rob Dawg wrote:

This is a jobs cepression. Cepression. A new word.

I like it. Smile

Functionally, the private sector can perform down-sizing much faster than up-sizing. The public sector is ungodly slow at both.

This is one of the reasons that 2009 jobs plunge was almost entirely private sector, while the public sector down-sizing followed later. The public sector responded to budget shortfalls ... the private sector anticipated them.

Bob1: "We expect a 20% drop in sales if the economy tanks!"
Bob2: "Lay off 20% of our workforce!"
(a year later)
Bob1: "Gee ... sales are only off 10%"
Bob2: "I guess we can hire back a bunch of those people we laid off then."
Bob1: "Profits are up 15%, btw."
Bob2: "Maybe we'll wait on that hire back thing ..."

MaryAnn wrote:

"There is no Silver Bullett.

Don't say that in Golden, Colorado.

MaryAnn wrote:

He's on TV right now and wants me to tell you, "There is no Silver Bullett.

That's ok, there are no vampires either.
Vampire Squid from Hell Vampire Squid from Hell Vampire Squid from Hell

1 currency now -yogi wrote:

We had to burn the books to spread freedom.

No, those specific assemblages of paper in a binding were destroyed because they contained prohibited communication written in the margins. If bibles had been used in the same manner they should have been also destroyed for the same reasons.

Cinco-X wrote:

What are we supposed to do?

I'm like you. I just don't worry about it.
I spent a lot of years saving so I wouldn't have to sweat energy costs ever again.

Chris

Elvis wrote:

Don't say that in Golden, Colorado

Oh, he said he just needed four more years.

Cinco-X wrote:

She claimed that part of USPS was effectively a workfare program for folks who would otherwise have a tough time getting a job.

From the point of view of our oligarch lords and masters most jobs are workfare. I mean seriously, what the frack are you doing for them Cinco-X?

MaryAnn wrote:

"There is no Silver Bullett.

Weren't those replaced by endoscopes 20 or so years ago...?

Rob Dawg wrote:

prohibited communication

Cite?

We had to burn the communication to spread freedom.

Elvis wrote:

Do you play a lot of euchre and drink Windsor?

Sick

ResistanceIsFeudal wrote:

Elvis wrote:

Do you play a lot of euchre and drink Windsor?

Sick

Dryfly probably knows that game well...

MaryAnn wrote:

Oh, he said he just needed four more years.

If Americans were able to give Dumya two terms, they should be more than capable of giving Obama at 15...maybe even 30 based on precedent.

Wink

Rob Dawg wrote:

If bibles had been used in the same manner they should have been also destroyed for the same reasons.

LOL! I guess Dawg believes we actually have separation of church and state in the USA.

"The Associated Press, using its formula to calculate executive compensation, said the pay cut leaves Stephenson's 2011 total package at $18.7 million. His compensation was down from $20.2 million in 2010."

AT&T CEO swings for the fences, wiffs out to the tune of $4 billion and loses $1.5 million in compensation compared to previous year. What do you have to do to get fired as a CEO?

Shareholders are the greatest fools.

Cinco-X wrote:

Dryfly probably knows that game well...

Awhile back I believe he said that he was the tri-county champion in 1978.

He's on TV right now and wants me to tell you, "There is no Silver Bullett

After blowing all the dough like a drunken sailor for the last 4 years thats' all he has to say?

How about, I'm sorry.

You're screwed.

Elvis wrote:

Awhile back I believe he said that he was the tri-county champion in 1978.

But is he a Windsor or a Schnapps fan?

Cinco-X wrote:

But is he a Windsor or a Schnapps fan?

Does he have to choose one or the other?

Former Idealist wrote:

After blowing all the dough like a drunken sailor for the last 4 years thats' all he has to say?

I believe that remark is unfair and derogatory towards drunken sailors...

yuan wrote:

LOL! I guess Dawg believes we actually have separation of church and state in the USA.

except when it comes to the doctrines of economics and business

Elvis wrote:

Does he have to choose one or the other?

For the sake of argument, yes....

Rob Dawg wrote:

If bibles had been used in the same manner they should have been also destroyed for the same reasons.

And are you an expert on accepted methods for disposing of defaced Quran's?

1 currency now -yogi wrote:

And are you an expert on accepted methods for disposing of defaced Quran's?

I couldn't afford the certification.

But I did stay in a Holiday Inn Express last night.

"I guess he really IS a Red Team 'er "

Naw, 'Bama's just a speed bump on the Road to Perdition. And Norquist is driving the old jalopy in the wrong lane.

black dog wrote:

i'm dumbfounded by those who shrug off the rising price of oil/gas

Lots of "boy who cried wolf" going on.

In 2010, and early 2011, $5.00 per gallon was projected for the summer of 2011 by many sources. Didn't happen.
Back in (2005?) when we first hit $4.00 per gallon, the price plunged back to $1.61 in less than a year. People have gotten used to $3.50 per gallon gas. Going to $4.00 isn't a big deal. Jumping from $2.00 to $4.00 back then ... that was a big deal.

That won't play well in Kabul. Americans have already been killed because of the fuckup.

1 currency now -yogi wrote:

That won't play well in Kabul. Americans have already been killed because of the fuckup.

You're right. This is probably the last time a fuckup causes Americans to die.

Yaaaaawwwn

Firemane wrote:

Going to $4.00 isn't a big deal.

Wrong.

Firemane:

"That's why it's not an "expansion". It is literally a "recovery" ... mostly of ground surrendered for no good reason."

That is delusional.

Many are confusing the financial economy (crisis) with the real economy, when in reality each increasingly operates on a substantially different axis (this process has been going on for decades). For example, why do you think the stock market goes up on weak volume that hasn't been seen in more than a decade, while full-time permanent global employment as a proportion of the working age population is at a multi-decade low? Any "recovery" seen is counterfeit (fiat currencies gone wild), highly skewed to the top, and whatever you want to call it, is in fact unsustainable on almost every level. As a culture we are heading for a BIG fall in the coming years. Don't say you weren't warned.

The information is widely available to those willing to stick their head outside the propaganda maze. But I'm not going to spend my time summarizing it all. I'm sure most of you are fully capable of analyzing and studying the charts yourselves if you choose.

Cultivate a Better World.

Two thumbs up for Chipotle. You have to start somewhere. Silence is Golden Brown

Chipotle: Videos

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