Home Sales Reports: What Matters

Rank	Name	Points
#1	Rajesh	4,668
#2	GDD9000	3,058
#3	RE	3,054
#4	HomeGnome	2,706
#5	NGBROI	2,300
#6	Bubblisimo Gerkinov	2,280
#7	JP	1,766
#8	Nanoo-Nanoo	1,756
#9	Blackhalo	1,708
#10	Rob Dawg	1,508

ac wrote on Mon, 6/25/2012 - 9:20 am

Ultimately what matters are real incomes.

Lurking Lawyer wrote on Mon, 6/25/2012 - 9:21 am

Greek finance minister: we hardly knew you.

Cinco-X wrote on Mon, 6/25/2012 - 9:24 am (in reply to...)

ac wrote:

Ultimately what matters are real incomes.

real incomes for the bottom 90%....

shill wrote on Mon, 6/25/2012 - 9:24 am

Cyprus to hold crisis talks as bailout looms - World news - Mideast/N. Africa - msnbc.com

lawyerliz wrote on Mon, 6/25/2012 - 9:24 am

He's proved he's not crazy need someone crazy to take that job.

Spunkmeyer wrote on Mon, 6/25/2012 - 9:26 am (in reply to...)

Anecdote: in my small town there are several Baby Boomer business owners who have now decided to retire and sell their businesses. The problem is, most of the town's population are also at/near retirement age... not too many young people - let alone ones with the means - to acquire either buildings or businesses at the prices being asked. This will not end well.

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 9:28 am (in reply to...)

CnlJohnMatrix wrote:

Rapanos, who currently heads the National Bank of Greece, would not be assuming the position.

Unsurprisingly, BOHICA doesn't sound nearly as beautiful in German: Bücken, ich wird es in deinen arsch wieder kleben.

RATM wrote on Wed, 7/11/2012 - 9:44 am

cd

Spunkmeyer wrote on Mon, 6/25/2012 - 9:29 am

Greece needs to propose a reality show to the EU whereby contestents compete to become the next Finance Minister. There's gotta be at least 5-10 suckers in the country who would take a shot at it (and be on TV to boot.)

adornosghost wrote on Mon, 6/25/2012 - 9:30 am (in reply to...)

Cinco-X wrote:

real incomes for the bottom 90%....

http://beamsandstruts.com/images/vampire-squid-450.jpg

Mazinga wrote on Mon, 6/25/2012 - 9:30 am

Sales price of existing homes is everything, at least in my little town of Santa Barbara. Inventory is merely a symptom, or if you want to look at it another way, a weapon for the realtors to combat the downward pressure of sales prices (bid wars). Inventory is just not a reality, because if I wanted to take out an ad in the newspaper saying I would be willing to pay 2006 prices, then every house in town would be for sale.

merchants of fear wrote on Mon, 6/25/2012 - 9:31 am

Note: Existing home sales are counted when transactions are closed

And sales aren't closed until they are closed.
Full docs take a while longer than low docs/no docs.
Are the banks asking for full documentation now?

adornosghost wrote on Mon, 6/25/2012 - 9:32 am (in reply to...)

Spunkmeyer wrote:

This will not end well.

http://beamsandstruts.com/images/oiladdiction.gif

JP wrote on Mon, 6/25/2012 - 9:33 am (in reply to...)

Mazinga wrote:

Inventory is just not a reality, because if I wanted to take out an ad in the newspaper saying I would be willing to pay 2006 prices, then every house in town would be for sale.

Interesting theory: Only demand matters, not supply.

I wonder why everyone talks about supply and demand?

GDD9000 wrote on Mon, 6/25/2012 - 9:33 am

Chase what matters.

merchants of fear wrote on Mon, 6/25/2012 - 9:34 am

Where's the HCN QE crew with emotional calls to print?

Mary wrote on Mon, 6/25/2012 - 9:34 am

"I have instructed our staff to step up their work to provide a clear assessment of the sector and its needs, as well as a proposal for the necessary policy conditionality that shall accompany the assistance," said EU economics commissioner Olli Rehn.

and the dogs

The assessment will be followed by the drafting of the conditions - including the exact amount and interest rate - of the agreement. This is expected to be wrapped up at a meeting of eurozone countries on 9 July.

"I cannot tell you how the conditionality will be drafted," said Rehn's spokesperson.

Sign here, here, here, and here.

He added that it "will affect the whole financial sector in Spain in terms of supervision and its regulatory framework." Officials from the European Central Bank and from the International Monetary Fund (providing technical expertise) will also work on the programme.

Spanish finance sector to face reforms in return for aid

ac wrote on Mon, 6/25/2012 - 9:34 am (in reply to...)

Cinco-X wrote:

real incomes for the bottom 90%....

The incomes for the elite are on FIRE!

josap wrote on Mon, 6/25/2012 - 9:35 am (in reply to...)

merchants of fear wrote:

Are the banks asking for full documentation now?

Yes.
And updates through out escrow.

JP wrote on Mon, 6/25/2012 - 9:35 am

12:33p BREAKING Cyprus seeks euro-zone bailout

I might as well add:
12:34p BREAKING JP seeks euro-zone bailout

ac wrote on Mon, 6/25/2012 - 9:36 am

PRINCETON, NJ -- Just 34% of Americans correctly say U.S. President Barack Obama is a Christian, while 44% say they don't know Obama's religion and 11% say he is a Muslim.

Many Americans Can't Name Obama's Religion

LOL... even the author of the article gets it wrong and thinks Obama is a Christian not an atheist!

josap wrote on Mon, 6/25/2012 - 9:37 am (in reply to...)

Mary wrote:

This is expected to be wrapped up at a meeting of eurozone countries on 9 July.

They don't have that long.
Can, meet wall.

Spunkmeyer wrote on Mon, 6/25/2012 - 9:37 am (in reply to...)

Between the Greek FM resignation and Cyprus, Let's see how many hands in the EU now start popping up for a bailout.

mp wrote on Mon, 6/25/2012 - 9:38 am

Money is moving out of equities into traditional safe
havens, such as the US dollar and US Treasuries. The
euro is consequently facing downward pressure,
dropping 0.5% on the US dollar so far today.
Commodities are also being hit, reflecting the weaker
demand outlook indicated by recent economic data

http://www.markit.com/assets/en/docs/commentary/markit-economics/2012/jun/Markit_DEO_12_06_25.pdf

ex-Duke of Con Dao wrote on Mon, 6/25/2012 - 9:39 am

this has nothing to do with home sales
but here's some great acting...
not easy to pull off raw emotion like this on camera
YouTube - Carey Mulligan's Hypnotic Performance as Torch Singer in Steve McQueen's SHAME
... she's going to be starring in The Great Gatsby soon as Daisy B.
New York New York sung in an unusual way...

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 9:38 am

Another ugly word in German: Butterfly

Italian: farfalla
French: papillon
Dutch: vlinder
Spanish: mariposa
Basque: tximeleta (pronounced with a soft ch for x)
German: schmetterling

ex-Duke of Con Dao wrote on Mon, 6/25/2012 - 9:40 am (in reply to...)

Comrade Alexei Mikhailovich wrote:

Another ugly word in German: Butterfly

is this Words with Friends?

Blackhalo wrote on Mon, 6/25/2012 - 9:40 am (in reply to...)

ac wrote:

Ultimately what matters are real incomes.

Or expansion of the off-balance sheet money supply via MBS...

GDD9000 wrote on Mon, 6/25/2012 - 9:40 am

Welcome to Bailout Deli Counter : take a number please. We're sorry, but we only carry head cheese today.

mp wrote on Mon, 6/25/2012 - 9:41 am

Where's the HCN QE crew with emotional calls to print?

Silly boy.

Comrade Kristina wrote on Mon, 6/25/2012 - 9:41 am (in reply to...)

Actually there are quite a few that forget about demand. I've been asking where demand will come from for awhile as wages sink and people fall off the UE rolls. Not just for housing but for anything. People have less and less ability to spend. I think we're going to see a further decoupling of the upper class from the "rest" of the country as they churn the money back and forth and sell houses to each other and we all plod along further into third world status. I'm not sure at what point the riots will start, but start they will...

Mary wrote on Mon, 6/25/2012 - 9:42 am

"Argentina didn't even pull off an Argentina."

Greece last sold bonds in March 2010 before the extra yield that investors demand for holding its 10-year securities instead of German bunds ballooned the next month to 443 basis points, then a euro-era record. That forced the country, facing 8.5 billion euros [!] ($10.7 billion) of bond repayments, to start bailout talks with the EU, the European Central Bank and International Monetary Fund.

Ten-year Greek debt yielded 25.68 percentage points more than German bunds as of 9:10 a.m. London time Monday [25 June 2012]....

Greece won a second bailout this year from the EU and the IMF, taking the total rescue package to 240 billion euros. Under the country’s bailout program, Greece has to reduce its budget deficit to 7.3 percent of gross domestic product this year from 9.3 percent in 2011, and cut its primary deficit, which excludes interest payments, to 1 percent from 2.4 percent....

Yields on Greek 10-year bonds dropped to 27.21 percent Monday from a record high of 44 percent in March. The rate is at least 20 percentage points above the level at which Greece could fund itself, as the country along with Ireland and Portugal all sought aid when 10-year yields surpassed 7 percent.

Greece seen blocked from debt markets until 2017 | ekathimerini.com [Bloomberg]

black dog wrote on Mon, 6/25/2012 - 9:42 am

It might be hard to believe, but earlier this year there was a debate on whether housing had bottomed. That debate is over - clearly new home sales have bottomed – and the debate is now about the strength of the recovery

and home prices?

Comrade Kristina wrote on Mon, 6/25/2012 - 9:43 am (in reply to...)

We'll know we've actually evolved as a species when nobody gives a flying what religion he is. If we have separation of church and state why does it matter? Wait, wut?

RockyR wrote on Mon, 6/25/2012 - 9:43 am

Oh, for the love of please print!!! Please!!!

was that impassioned enough?

shill wrote on Mon, 6/25/2012 - 9:43 am

Get news bulletins by email » Greece's finance minister Vasilios Rapanos to resign after falling ill: report

Spunkmeyer wrote on Mon, 6/25/2012 - 9:44 am (in reply to...)

Must've read his first email message...

Cinco-X wrote on Mon, 6/25/2012 - 9:44 am (in reply to...)

shill wrote:

Greece's finance minister Vasilios Rapanos to resign after falling ill

They must've let him look at the REAL ledger....

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 9:45 am (in reply to...)

Spunkmeyer wrote:

The problem is, most of the town's population are also at/near retirement age... not too many young people - let alone ones with the means - to acquire either buildings or businesses at the prices being asked.

Hey, you're seeing a sneak preview into the future of RRE

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 9:46 am (in reply to...)

RockyR wrote:

Oh, for the love of my holdings please print!!! Please!!!
was that impassioned enough?

RATM wrote on Wed, 7/11/2012 - 9:44 am

ce

Spunkmeyer wrote on Mon, 6/25/2012 - 9:47 am

Hey, you're seeing a sneak preview into the future of RRE

Yup... but with that I'll take comfort in knowing everyone everywhere is screwed.

merchants of fear wrote on Mon, 6/25/2012 - 9:49 am (in reply to...)

Silly boy.

Really. Debt crisis leads to speculative attacks.
It's a vicious spiral. Crushing debt increases speculative attacks.
You've read the three generations of financial crisis theories, right?
Why don't you just talk about the failing policies issues causing the vicious cycle?

mp wrote on Mon, 6/25/2012 - 9:49 am

Actually there are quite a few that forget about demand. I've been asking where demand will come from for awhile as wages sink and people fall off the UE rolls. Not just for housing but for anything. People have less and less ability to spend. I think we're going to see a further decoupling of the upper class from the "rest" of the country as they churn the money back and forth and sell houses to each other and we all plod along further into third world status. I'm not sure at what point the riots will start, but start they will...

Quite possible.

energyecon wrote on Mon, 6/25/2012 - 9:49 am (in reply to...)

ac wrote:

Ultimately what matters are real incomes.

:quintiles:

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 9:51 am (in reply to...)

ResistanceIsFeudal wrote:

Hey, you're seeing a sneak preview into the future of RRE

What you'll see is both the young household formation folks and downsizing boomers looking to move into the same neighborhoods, boosting prices in the core as the suburbs & exurbs (without commuter rail access) stagnate.

shill wrote on Mon, 6/25/2012 - 9:51 am

Why don't you just talk about the failing policies issues causing the vicious cycle?

Which Congress? Which President? and What years.

Mary wrote on Mon, 6/25/2012 - 9:52 am (in reply to...)

Yes, they do. There is no "wall" actually.

Comrade Kristina wrote on Mon, 6/25/2012 - 9:52 am (in reply to...)

Yes.

mp wrote on Mon, 6/25/2012 - 9:52 am

Really.

Yes, really.

QE is the only game in town now, thanks to your austerity and hard money friends in Washington.

Yes, we're going to enrich some bankers sitting at the back of the lifeboat munching on Beluga while we bail.

Life is a bitch, but survival of the system is kind of, um, important.

Your longing for some kind of populist justice can wait.

merchants of fear wrote on Mon, 6/25/2012 - 9:52 am (in reply to...)

You and the big oligarchic corporations & predatory inter-connected finance industry plus the so-called markets want more bailouts buying more time to prevent the inevitable insolvencies or hiding the current insolvencies...

Preparation H wrote on Mon, 6/25/2012 - 9:53 am (in reply to...)

Where's the HCN QE crew with emotional calls to print?

Licking their illegal immigrant wounds!

Spunkmeyer wrote on Mon, 6/25/2012 - 9:53 am

Yes, they do. There is no "wall" actually.

RATM wrote on Mon, 6/25/2012 - 9:54 am (in reply to...)

mp wrote:

your austerity and hard money friends in Washington

LMAO. Those don't exist.

merchants of fear wrote on Mon, 6/25/2012 - 9:54 am (in reply to...)

Why don't you just talk about the failing policies issues causing the vicious cycle?
Which Congress? Which President? and What years.

The last fateful 15 years would be a good start.

shill wrote on Mon, 6/25/2012 - 9:55 am

The last fateful 15 years would be a good start.

Sorry it goes back much further than that...so irrelevant.

merchants of fear wrote on Mon, 6/25/2012 - 9:55 am (in reply to...)

Life is a bitch, but survival of the system is kind of, um, important.

Why would you want this corrupt system to survive?

josap wrote on Mon, 6/25/2012 - 9:55 am (in reply to...)

Comrade Alexei Mikhailovich wrote:

What you'll see is both the young household formation folks and downsizing boomers looking to move into the same neighborhoods

My niece (26) and her SO bought a townhouse at the east end of light rail and hubby and I (58) bought a town house at the west end.
Looking for the exact same thing in housing.

Jackdawracy wrote on Mon, 6/25/2012 - 9:56 am

I've decided to pour myself a stiff one

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 9:59 am (in reply to...)

Comrade Alexei Mikhailovich wrote:

What you'll see is both the young household formation folks and downsizing boomers looking to move into the same neighborhoods, boosting prices in the core as the suburbs & exurbs (without commuter rail access) stagnate.

In the top quintile, sure. Maybe even the top two. Then again, the fate of the rabble doesn't much matter in this system.

Spunkmeyer wrote on Mon, 6/25/2012 - 9:57 am

Looking for the exact same thing in housing.

That's actually already been the trend for the past 15 years in the DC area.

josap wrote on Mon, 6/25/2012 - 9:57 am (in reply to...)

merchants of fear wrote:

buying more time to prevent

Massive global depression hard landing instead of a slower downward slope giving people time to adjust / adapt.
JMO

shill wrote on Mon, 6/25/2012 - 9:58 am

Why would you want this corrupt system to survive?

Merchant do you prefer the alternative? and what is your plan?

http://img.ehowcdn.com/article-new/ehow/images/a06/fd/hk/dumpster-diving-rules_-1.1-800x800.jpg

azurite wrote on Mon, 6/25/2012 - 9:59 am (in reply to...)

RATM wrote:

LMAO. Those don't exist.

They do as far as any kind of program/policy that benefits the non-wealthy. Social programs, environmental regulation, keeping public lands public rather then a source of cheap resource exploitation by the wealthy/corporate, any program or law that protects the non-wealthy from the short term profit making efforts of the ultra-wealthy.

Those programs and policies require "austerity." And further "de-regulation."

merchants of fear wrote on Mon, 6/25/2012 - 9:58 am (in reply to...)

Sorry it goes back much further than that...so irrelevant.

You might be underestimating the explosion of derivatives in the last decade or so.
We could start with 1913. But I thought during the last 15 years, the economic/finance system became fully captured.

mp wrote on Mon, 6/25/2012 - 9:58 am

LMAO. Those don't exist.

Like hell they don't. I'm laughing at you.

They're using austerity (Boehner) and hard money (Paul) arguments to ensure that Obama fails.

And people (Tea Party) are listening to them.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:00 am (in reply to...)

Yep, I have to agree there. Nobody wants to address the reasons behind the collapse to begin with. Nobody wants to discuss that all that profit that was a result of the massive gains in productivity over the past 4 decades went straight to the top of the ponzi scheme. Until we address this, it can't be fixed.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:02 am

In fact, it's gotten so bad they are trying to actually LOWER wages here and in other states. Yes, lets by all means squeeze workers even more than they already have. Surely there is just a bit more blood that can be strangled from that stone.

merchants of fear wrote on Mon, 6/25/2012 - 10:02 am (in reply to...)

Merchant do you prefer the alternative? and what is your plan?
http://img.ehowcdn.com/article-new/ehow/images/a06/fd/hk/dumpster-diving-rules_-1.1-800x800.jpg

I know and can easily see the 'merchants of fear' and the TBTF control center have you in fear and hostage to the same failed policies that are just blowing up the systemic risk and contagion as each month goes by... delaying the inevitable and increasing the speculative attacks...

black dog wrote on Mon, 6/25/2012 - 10:02 am

Until we address this, it can't be fixed.

well, we won't address it then

shill wrote on Mon, 6/25/2012 - 10:07 am

You might be underestimating the explosion of derivatives in the last decade or so.
We could start with 1913. But I thought during the last 15 years, the economic/finance system became fully captured.

Its always been captured, you were just not aware of it. The internet helped you see the light. Though that light is sometimes wrong and a lot of the noise can be and has been disinformation as well, its up toy the individual to decipher it as best as possible.

As far as 1913 goes, well I wasn't around then so I can only go by what has been written in books as to what took place.

Derivatives implosion..read about it back in the early 90's as well and look were still here.

Spunkmeyer wrote on Mon, 6/25/2012 - 10:03 am

Nobody wants to discuss that all that profit that was a result of the massive gains in productivity over the past 4 decades went straight to the top of the ponzi scheme. Until we address this, it can't be fixed.

I once had optimism that was going to start to happen in 2009...

Comrade Kristina wrote on Mon, 6/25/2012 - 10:03 am (in reply to...)

Historically we don't address it until come out. It could be awhile, but it'll get addressed.

Spunkmeyer wrote on Mon, 6/25/2012 - 10:05 am (in reply to...)

Let's see how much stuff gets destroyed between now and then...

Comrade Troyski wrote on Mon, 6/25/2012 - 10:06 am

Got your bottom right here, Bill

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 10:07 am (in reply to...)

Comrade Kristina wrote:

In fact, it's gotten so bad they are trying to actually LOWER wages here and in other states.

Obviously the only way you can make the cost of labor more competitive with the cost of capital is by lowering the cost of labor. There can't be any other way, can there?

mp wrote on Mon, 6/25/2012 - 10:07 am

Nobody wants to address the reasons behind the collapse to begin with. Nobody wants to discuss that all that profit that was a result of the massive gains in productivity over the past 4 decades went straight to the top of the ponzi scheme. Until we address this, it can't be fixed.

K, I agree.

They had a chance to do it peacefully 5 years ago and blew it.

Now, we wait.

black dog wrote on Mon, 6/25/2012 - 10:08 am

It could be awhile, but it'll get addressed.

with a drone circling your home ... "accidentally" letting loose a missile?

merchants of fear wrote on Mon, 6/25/2012 - 10:08 am (in reply to...)

a slower downward slope giving people time to adjust / adapt

It's a fake economy as you know based on artificial stim, special treatment of the finance industry, etc. and allows various scams & malfeasance to continue... you are supporting a failed system with failed policies... I remember in 2008, the thought was bailouts or Armageddon and now we are back to this moment for Europe (and the U.S.)... dilution of currencies and creating more systemic risk/contagion is the only solution?

RockyR wrote on Mon, 6/25/2012 - 10:08 am

increases in productivity going to the top of the ponzi. ha! absolutely. what about the affect of financializing EVERYTHING?

i try to buy only what i can afford in today's dollars, but I am guilty of some transgression myself. I suspect most of us are. raise your hand if you do now or have at one point had a long term mortgage.

Preparation H wrote on Mon, 6/25/2012 - 10:08 am (in reply to...)

Comrade Kristina:

In fact, it's gotten so bad they are trying to actually LOWER wages here and in other states. Yes, lets by all means squeeze workers even more than they already have.

Some people just don't have a clue I guess.

Ever heard of wage arbitrage?

Ever bought anything at WalMart?

LOL

mr_clueless wrote on Mon, 6/25/2012 - 10:09 am

Excellent analysis. The media should hunt down people like CR and feature them instead of the clowns they have now.

shill wrote on Mon, 6/25/2012 - 10:09 am

Historically we don't address it until Pitchforks and Torches come out. It could be awhile, but it'll get addressed.

(Stands outside on back deck screams ) is it Go time yet!... Nope all alone as usual. ( Waves hi neighbor )

josap wrote on Mon, 6/25/2012 - 10:09 am

June 25, 2012, 12:56 p.m. EDT

The end of the road for Europe

After two years of "kicking the can down the road," Europe seems to have now come to the end of the road.
Here are the recent developments in this fast moving saga:

The end of the road for Europe - MarketWatch

ex-Duke of Con Dao wrote on Mon, 6/25/2012 - 10:10 am (in reply to...)

mp wrote:

Like hell they don't. I'm laughing at you.

mp. you make it far too simplistic.
your take is a bit too comic book for me...
if I must say...

lawyerliz wrote on Mon, 6/25/2012 - 10:11 am (in reply to...)

I hate Walmart. I go only when dragged by the hub for a "bargain".

Comrade Kristina wrote on Mon, 6/25/2012 - 10:11 am

Nope, shill. It's not bad enough yet and too many fools are still fighting the vs. fight. They've both been bought by the planetary ruling elite.

Yancey Ward wrote on Mon, 6/25/2012 - 10:11 am

Makes you wonder what Rapanos found that scared him shitless.

mr_clueless wrote on Mon, 6/25/2012 - 10:11 am

If the only blog I read was:
- ZH: I'd think the world was coming to an ugly end.
- Mish: We're in deflation forever because of credit contraction.
- KD: We're being looted, and the looting must stop.

Fortunately there's CR that presents a balanced analysis.

mp wrote on Mon, 6/25/2012 - 10:12 am

mp. you make it far too simplistic.

Greed run amok seems pretty simple to me.

Yancey Ward wrote on Mon, 6/25/2012 - 10:13 am (in reply to...)

lawyerliz wrote:

I hate Walmart.

Why exactly? I haven't found a cheaper place to buy necessities anywhere.

josap wrote on Mon, 6/25/2012 - 10:13 am (in reply to...)

merchants of fear wrote:

the only solution?

Economic reset is the only solution.
We can get there hard and fast or slower and, while not easier in the long run, getting acustomed to lower standards of living.
The lay of the road is what's in question, not the destination.

merchants of fear wrote on Mon, 6/25/2012 - 10:13 am (in reply to...)

Though that light is sometimes wrong and a lot of the noise can be and has been disinformation as well, its up to the individual to decipher it as best as possible.

Agree there.
The financial crisis/contagion theories opened my eyes to the 'inevitable' situation.
And yes, there's a ton of disinfo/misinfo/noise circulating incl. here on HCN...

Comrade Kristina wrote on Mon, 6/25/2012 - 10:13 am

I almost never shop at WalMart. I would say once a year, maybe twice.

black dog wrote on Mon, 6/25/2012 - 10:14 am

I haven't found a cheaper place to buy necessities anywhere.

"shop" at stores without security cameras

shill wrote on Mon, 6/25/2012 - 10:15 am

Nope, shill. It's not bad enough yet and too many fools are still fighting the Red Team vs. Blue Team fight. They've both been bought by the planetary ruling elite.

Agreed the candle is lit, but the timber has not even sparked yet. The newly graduated and unemployed will be he rising spark. But even then they watch the MSM so the fear is being put in place daily for the at home viewers to see so any attempt at rebellion if you will is being quelled by Tee Vee fear.

Spunkmeyer wrote on Mon, 6/25/2012 - 10:15 am (in reply to...)

The end of the road for Europe - MarketWatch

Good link, josap. Thanks.

km4 wrote on Mon, 6/25/2012 - 10:15 am

28% of Americans have no emergency savings - Jun. 25, 2012

Most Americans don't have nearly enough money stashed away for emergencies and more than one-in-four don't even have a single penny saved.

While the general rule of thumb is to have an emergency fund that will cover at least six months of expenses, only 25% of Americans have that amount saved, research released Monday by Bankrate.com finds.

Preparation H wrote on Mon, 6/25/2012 - 10:15 am (in reply to...)

Enjoy today's portion of 80 proof &

Now, got out and become a loan-owner!

Vive CR!

gab wrote on Mon, 6/25/2012 - 10:15 am (in reply to...)

Nobody new ever comes to your town?

Comrade Troyski wrote on Mon, 6/25/2012 - 10:17 am (in reply to...)

Yancey Ward wrote:

Why exactly? I haven't found a cheaper place to buy necessities anywhere.

they're a big money pump, taking money out of your community, and out of our country for that matter thanks to the trade deficit.

Rethink your "necessities", LOL.

Don't get me wrong, I'm guilty of short-term maximization here, too. But you asked what the problem with Walmart was.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:16 am (in reply to...)

Because they and corporations like them are destroying this planet. It wasn't so bad when Sam actually ran the place but his kids are simply evil lizard people. The way they treat their employees is evil. Most of their employees qualify for Medicaid. So we're paying to keep their workforce healthy for them...awesome, eh? Meanwhile the Waltons are some of wealthiest douchebags on the planet while the government subsidizes their employees who live at poverty level. Is that enough reason? How about the substandard crap they sell that is bought from sweat shops overseas which also drives wages down in this country?

Lurking Lawyer wrote on Mon, 6/25/2012 - 10:17 am (in reply to...)

I'm pretty confident that far less than 25% of Americans have 6 months saved in cash or something liquid.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:17 am (in reply to...)

Maybe they should have been paying their employees a bit better all these years The chickens are coming home to roost. Hope they're tasty.

merchants of fear wrote on Mon, 6/25/2012 - 10:18 am (in reply to...)

Economic reset is the only solution.

Right.
You mean just letting the suffering bad debt and the derivatives from it die a peaceful and humane death even though there will be blowback from the financialization cartel? Well ain't gonna happen. As the control feature apparatus is in place and mp probably shouldn't worry as currency dilution and more systemic risk is coming no doubt... he knows the central banks are in control...

Former Idealist wrote on Mon, 6/25/2012 - 10:19 am (in reply to...)

while the government subsidizes their employees who live at poverty level. CK

WallyWorld or Apple?

shill wrote on Mon, 6/25/2012 - 10:19 am

I'm pretty confident that far less than 25% of Americans have 6 months saved in cash or something liquid.

Yup...Considering the $100 is the new $10...6 months saving is a lot for many families to try and save. I am thinking more like many have at least $2 grand at best.

poic wrote on Mon, 6/25/2012 - 10:19 am

8 out of 6 economists have successfully forecast 9 out of the last 3 recessions.

Cinco-X wrote on Mon, 6/25/2012 - 10:19 am (in reply to...)

shill wrote:

Why don't you just talk about the failing policies issues causing the vicious cycle?

Which Congress? Which President? and What years.

Almost all of them...

josap wrote on Mon, 6/25/2012 - 10:19 am (in reply to...)

Comrade Troyski wrote:

But you asked what the problem with Walmart was

Are they not the countries number one employer?

merchants of fear wrote on Mon, 6/25/2012 - 10:19 am (in reply to...)

How about the substandard crap they sell that is bought from sweat shops overseas which also drives wages down in this country?

Do you ever shop at Walmart?

shill wrote on Mon, 6/25/2012 - 10:20 am

Almost all of them...

You are a wise man CINCO...man that was easy.

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:20 am (in reply to...)

josap wrote:

The end of the road for Europe - MarketWatch

OK, I can dig it, but does that portend the end of the Euro as a common currency ?

ac wrote on Mon, 6/25/2012 - 10:21 am (in reply to...)

km4 wrote:

28% of Americans have no emergency savings - Jun. 25, 2012

28% of Americans know they have no emergency savings.
100% of Americans have no emergency savings.

In a country running 10% deficits there are no savings.

Rob Dawg wrote on Mon, 6/25/2012 - 10:21 am

Maybe America's future for housing is the automobile present we see in Cuba.

Yancey Ward wrote on Mon, 6/25/2012 - 10:22 am (in reply to...)

Comrade Troyski wrote:

they're a big money pump, taking money out of your community, and out of our country for that matter thanks to the trade deficit.

Well, what do you buy and where do you buy it? Unless you are buying locally made items, your money is going out of your community anyway. Are you really better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart?

merchants of fear wrote on Mon, 6/25/2012 - 10:22 am (in reply to...)

I almost never shop at WalMart. I would say once a year, maybe twice.

Ok didn't see this...

mp wrote on Mon, 6/25/2012 - 10:23 am

We can get there hard and fast or slower and, while not easier in the long run, getting acustomed to lower standards of living.
The lay of the road is what's in question, not the destination.

Pretty much.

And the climb out is going to be rough.

I'm glad I won't be around to watch it.

Former Idealist wrote on Mon, 6/25/2012 - 10:28 am

First deflate the sovereign debts with negative real rates.

Then deflate the sovereign debts with very negative real rates.

Then deflate the debts with very negative real rates and higher taxes.

Then deflate the debts with very negative real rates and much higher taxes....

Then democracy is gone.

pavel.chichikov wrote on Mon, 6/25/2012 - 10:23 am

Enormous fortunes will be made during the great dislocations that lie ahead, and each of us needs to formulate strategies and tactics designed to place us in the winner's circle as we move through these turbulent times.

This is really why we're probably doomed - If the only thing we can do is personally exploit inevitable disaster.

poic wrote on Mon, 6/25/2012 - 10:23 am

"Is your community better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart? "

black dog wrote on Mon, 6/25/2012 - 10:24 am

I'm pretty confident that far less than 25% of Americans have 6 months saved in cash or something liquid.

the pretty girl on tv insists i'll get big $$s on my car loan ... and i get to keep the title!

merchants of fear wrote on Mon, 6/25/2012 - 10:24 am (in reply to...)

Are you really better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart?

Then there's Sam's Club which isn't mentioned.

pavel.chichikov wrote on Mon, 6/25/2012 - 10:24 am (in reply to...)

poic wrote:

8 out of 6 economists have successfully forecast 9 out of the last 3 recessions.

You don't need a Weatherman...

Yancey Ward wrote on Mon, 6/25/2012 - 10:24 am (in reply to...)

poic wrote:

"Is your community better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart? "

So, is it?

Comrade Kristina wrote on Mon, 6/25/2012 - 10:25 am (in reply to...)

Yes, because the local grocer is paying his help better which allows them to come and spend money where I work and keeps the local economy thriving. When I go to Walmart for it any profit goes directly to one of the Walton family lizard folks

Spunkmeyer wrote on Mon, 6/25/2012 - 10:26 am

I'm not sure I could consider anybody better off buying a Hot Pocket.

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:25 am (in reply to...)

merchants of fear wrote:

Then there's Sam's Club which isn't mentioned.

Sam's Club is barely better than WalMart. There are much better places to buy in bulk.

Cinco-X wrote on Mon, 6/25/2012 - 10:31 am

Keller @ Large: Rep. Stephen Lynch On Health Care, Afghanistan, Part 2 - Yahoo! News
Actually had some good comments on healthcare...obliviously doomed to going nowhere...

Edit: Sorry...looking for "Part 1"

MaryAnn wrote on Mon, 6/25/2012 - 10:26 am (in reply to...)

shill wrote:

many

First I don't believe Bankrate and if 25% have this saving they have ask the 1% since most middle class peeps have no resources left. Just think about it.

poic wrote on Mon, 6/25/2012 - 10:26 am

If your taxes are going up to cover the health-care expenses of those Walmart workers who can't afford to purchase health-care then perhaps you are better off paying $3 instead for the Hot Pockets.

So yes Yancey I do think my community is better off when I shop elsewhere.

lawyerliz wrote on Mon, 6/25/2012 - 10:27 am

That reminds me. In the fishwrap, there is an article from a tax guy advising the wealthy how to avoid taxes on the increasing death taxes. You have to have a million bucks, to bother to employ these kinds of strategies. Almost none of the readers will have that much, so what is this column about even?

A fantasy for the dupes/dopes that they will eveh have enough s to need to avoid taxes?

Spunkmeyer wrote on Mon, 6/25/2012 - 10:27 am

Sam's Club is barely better than WalMart.

It is Wal-Mart practically speaking. Sam = Sam Walton.

Doc Holiday wrote on Mon, 6/25/2012 - 10:27 am

Re: "However, for the new home sales report, the key number is sales! An increase in sales adds to both GDP and employment (completed inventory is at record lows, so any increase in sales will translate to more single family starts)."

==> Total hyping bullshit

1.: GDP revised down to 1.9 percent for first quarter of 2012 - The Hill's On The Money

Articles: Bernanke: Obama Unemployment Numbers 'Out of Sync'

Why is there such a push here to pimp for Mittens and a GOP recovery?

Comrade Troyski wrote on Mon, 6/25/2012 - 10:28 am (in reply to...)

josap wrote:

Are they not the countries number one employer?

yes, and heart disease is the country's number one killer.

size is not necessarily a positive attribute. How the wealth remains with those who earn it is.

merchants of fear wrote on Mon, 6/25/2012 - 10:28 am (in reply to...)

And the climb out is going to be rough.
I'm glad I won't be around to watch it.

The financialization cartel is up to some of their same old tricks no doubt... why fund this continued enterprise operation after so much evidence of a lack of fair dealing, lack of transparency/disclosure, and 'mismanagement'...

shill wrote on Mon, 6/25/2012 - 10:28 am

I Admit I do not shop at Wal-Mart

K-mart - Sears - Home Depot - Lowes ( when needed ) May sound cheap and stupid but you would be amazed at what you can buy practically brand new at yard sales.

My Shop -vac shit the bed so I went yard sale shopping sure nuf I bought a high end shop vac for $25 ...in the box used like 3 times the guy said...retail $79...Booya.

Groceries are shopped at the local Market Basket.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:28 am (in reply to...)

I hear idiots at my bar babbling about the "death tax". I tell them it's something you will never have to worry about because you are broke. Most of them have no idea that the "death tax" only applies for million dollar estates. The type they will never, ever in their sorry lives have to worry about.

Gubbmint Cheese wrote on Mon, 6/25/2012 - 10:29 am

Probably posted already, but just in case it hasn't: YouTube - Dr. Michael J. Burry at UCLA Economics Commencement 2012

Rob Dawg wrote on Mon, 6/25/2012 - 10:29 am (in reply to...)

Yancey Ward wrote:

Are you really better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart?

The dirty secret of Walmart is that you are paying $3 for the product either way. The Walmart cost to you is hidden in a hundred ways. Indeed you pay the hidden dollar no matter where or even if you buy.

Yancey Ward wrote on Mon, 6/25/2012 - 10:29 am (in reply to...)

Then what do you buy that is sourced locally? Does your bar purchase only locally produced alcohol? If not, then your bar is engaged in the same the same thing you decry in Walmart. Could your bar pay you more and stay in business? If so, then they engage in the same behavior you decry in Walmart.

black dog wrote on Mon, 6/25/2012 - 10:29 am

Almost none of the readers will have that much, so what is this column about even

in case one of them hits the lottery

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 10:29 am (in reply to...)

RayOnTheFarm wrote:

Sam's Club is barely better than WalMart. There are much better places to buy in bulk.

If anyone wants to realize how productivity has been channeled to the 1 percent, read Sunday's NY Times piece where Apple Store employees make less than Costco employees(a conscious decision by Costco to treat employees well) even though Apple sells 5x as much per sq ft.

Gubbmint Cheese wrote on Mon, 6/25/2012 - 10:29 am

also: Hussman Funds - Weekly Market Comment: Enter, the Blindside Recession - June 25, 2012

poic wrote on Mon, 6/25/2012 - 10:29 am

This seems to be a pretty well-balanced report on the pros and cons of Walmart in a community.

http://www.uwex.edu/ces/cced/downtowns/ltb/documents/DE0807.pdf

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:30 am (in reply to...)

Spunkmeyer wrote:

It is Wal-Mart practically speaking. Sam = Sam Walton.

Yes, I know that. My remark was more in the direction of dollars spent vs product purchased. Sam's cannot undercut WalMart's price too much, without hurting the corporate bottom line. My comment was more towards there are better places to buy that don't have that conflict of interest.

mp wrote on Mon, 6/25/2012 - 10:30 am

Conjure says about 3 minutes left.

George Soros says 3 days.

At the risk of sounding "emotional," I'd say I'm in pretty good company.

Soros: We Have 3 Days to Avoid 'Fiasco': Video - Bloomberg

Yancey Ward wrote on Mon, 6/25/2012 - 10:31 am (in reply to...)

poic wrote:

If your taxes are going up to cover the health-care expenses of those Walmart workers who can't afford to purchase health-care then perhaps you are better off paying $3 instead for the Hot Pockets.
So yes Yancey I do think my community is better off when I shop elsewhere.

So, in other words, you don't really know. You think so, but have no real evidence. When you go buy a car, do you ask to pay more?

lawyerliz wrote on Mon, 6/25/2012 - 10:31 am (in reply to...)

I don't specialize in wills but I do them occasionally.

Only one had enough assets to worry about that barrier.

And it's a good thing that my gay client made a will favoring his boyfriend, because relatives were sniffing at his assets within a week of his death.

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 10:31 am (in reply to...)

Comrade Kristina wrote:

Most of them have no idea that the "death tax" only applies for million dollar estates

This year it's $5.2mm Your custies better get their rich on quick so they can qualify to get taxed at that rate.

merchants of fear wrote on Mon, 6/25/2012 - 10:32 am (in reply to...)

It is Wal-Mart practically speaking. Sam = Sam Walton.

It's (Sam's Club) where food stuff and other stuff can be bought in larger packaged quantities to save money supposedly... it is different than Walmart... in that you'll probably spend more money buying bigger quantities of stuff...

shill wrote on Mon, 6/25/2012 - 10:31 am

Soros: We Have 3 Days to Avoid 'Fiasco': Video - Bloomberg

Soros was betting on Euro debt...bad trade.

poic wrote on Mon, 6/25/2012 - 10:32 am

"Then what do you buy that is sourced locally? Does your bar purchase only locally produced alcohol? If not, then your bar is engaged in the same the same thing you decry in Walmart. Could your bar pay you more and stay in business? If so, then they engage in the same behavior you decry in Walmart. "

I shop a mixture of local and non local. As far as I'm aware most of the places I shop offer a living wage as well as decent health-care.

I don't drink or go to bars so I can't comment on that part.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:32 am (in reply to...)

As a bar we are regulated and can ONLY buy alcohol from state approved suppliers so yeah...not really a valid argument. Local alcohol is not available. And, I just got a dollar raise

Mary wrote on Mon, 6/25/2012 - 10:32 am (in reply to...)

I'm not sure at what point the riots will start, but start they will

No, they won't. For the same reasons OWS couldn't muster any.

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:32 am (in reply to...)

Conjure needs to start a blog... "3 seconds to mass annihilation"

mp wrote on Mon, 6/25/2012 - 10:32 am

Soros was betting on Euro debt...bad trade.

Well, we can't all be perfect, can we?

Comrade Troyski wrote on Mon, 6/25/2012 - 10:32 am (in reply to...)

Yancey Ward wrote:

Are you really better off buying your Hot Pockets from the locally owned grocer for $3 vs $2 at Walmart?

You're better off buying as local as possible, yes.

That means no Hot Pockets in the first place.

I'm not saying this is an iron rule that we must all follow. But like most morality, it's the ideal.

America's trade deficit in the aggregate is like our eating habits -- we're just gaining 10lbs/year in our obliviousness.

Eventually all this short-term thinking is going to catch up with us.

And yes, I point the finger at AAPL all the way down.

merchants of fear wrote on Mon, 6/25/2012 - 10:33 am (in reply to...)

George Soros says 3 days.

Soros is one of the biggest speculative attack agents of all time (as you know of course)...

shill wrote on Mon, 6/25/2012 - 10:34 am

Well, we can't all be perfect, can we?

No but one can claim the " End is near " when one wants to get out from under said trade.

Doc Holiday wrote on Mon, 6/25/2012 - 10:34 am

Though new homes represent less than 20 percent of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to the National Association of Home Builders.

One reason prices could rise is the supply of new homes for sale remains extremely low. Just 145,000 new homes were for sale in May. That's not much higher than the 144,000 available in April, which was the lowest supply on records dating back to 1963.

Thus, if supply is reduced and we ignore the shadow inventories, crashing economy and the very high probability of a Baby Boom Implosion, then we can assume that NAR hype isn't total retarded bullshit...

Comrade Kristina wrote on Mon, 6/25/2012 - 10:34 am (in reply to...)

Not for awhile but as things deteriorate they will. People are angry and getting angrier. As the reality sets in that things are NEVER going to get better and they will only continue to get worse, people will get drunker and angrier. I'm watching it happening now in real time and in real life. More arguments, more fights, more divorces, less civility, less politeness and more drug use.

Comrade Troyski wrote on Mon, 6/25/2012 - 10:34 am (in reply to...)

Mary wrote:

No, they won't. For the same reasons OWS couldn't muster any.

They'll start when the gov't cuts start hitting bone and no private sector jobs come.

We're still in the pre-game show with all that.

lawyerliz wrote on Mon, 6/25/2012 - 10:35 am (in reply to...)

One can make something like Hot Pockets which taste much better, and might be healthier.

But for that you have to have time and some training, or be able to read a cookbook. Also, some discipline.

Mary wrote on Mon, 6/25/2012 - 10:35 am

After two and a half years of "reforms", the number of civil servants has remained unchanged

And it's a good darn thing! Or no one in Greece would be employed. duh.

poic wrote on Mon, 6/25/2012 - 10:37 am

"So, in other words, you don't really know. You think so, but have no real evidence. When you go buy a car, do you ask to pay more? "

I hope wherever I go pays somewhat of a decent wage as well as offers decent health-care.

If I have the option then I don't shop at places that don't offer the above. I have that option with Walmart.

BTW I totally agree that I am a hypocrite when applying this principal due to my Apple products etc..

Former Idealist wrote on Mon, 6/25/2012 - 10:35 am

Walmart is like the only Dow stock up today. How 'bout that

scone wrote on Mon, 6/25/2012 - 10:36 am (in reply to...)

shill wrote:

May sound cheap and stupid but you would be amazed at what you can buy practically brand new at yard sales.

My Shop -vac shit the bed so I went yard sale shopping sure nuf I bought a high end shop vac for $25 ...in the box used like 3 times the guy said...retail $79...Booya.

Groceries are shopped at the local Market Basket

Ditto. Although I doubt the checkers are union any more. Some of them are just barely 16.

GDD9000 wrote on Mon, 6/25/2012 - 10:36 am (in reply to...)

Mary, if they hadn't made any reforms, the number would be up 50%!

mp wrote on Mon, 6/25/2012 - 10:36 am

No but one can claim the " End is near " when one wants to get out from under said trade.

How do you know he's not already out from under it?

This, coming from someone who talks his book here every day?

I expected better.

shill wrote on Mon, 6/25/2012 - 10:37 am

Besides he went from " 3 months " to " 3 days " my how the time flies.

George Soros Says Europe Has Three Months to Stem Euro Crisis in Italy Speech | TheBlaze.com

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:37 am (in reply to...)

But, and to be fair, energy (i.e. fuel) prices are off about 20% from the peak. Those fuel costs permeate every component of building a new house (from the contractors arriving on site, to the delivery of materials, to the manufacture of plastic based window frames, etc). There should be a easing of those component prices, which (one would hope) might translate into prices easing back.

Spunkmeyer wrote on Mon, 6/25/2012 - 10:37 am (in reply to...)

I'm watching it happening now in real time and in real life. More arguments, more fights, more divorces, less civility, less politeness and more drug use.

Yes, I'd imagine a bar is an excellent venue to see what's ahead... anecdotes all the live long day....

lawyerliz wrote on Mon, 6/25/2012 - 10:37 am (in reply to...)

By and large, I have to reassure all my probate clients that they will have to pay no taxes on their inheritance.

The assumption is that they will have to pay.

I say, if you had to pay, you would be thanking glod that you were inheriting that much. (of course it's the estate that pays, but you know what I mean.)

mp wrote on Mon, 6/25/2012 - 10:38 am

Besides he went from " 3 months " to " 3 days " my how the time flies.

What do you do when the facts change?

shill wrote on Mon, 6/25/2012 - 10:39 am

How do you know he's not already out from under it?

This, coming from someone who talks his book here every day?

I expected better.

My Book stands on it own merit...beside I don't talk my book I share my book, those who traded along with me made a ton of money...Are you bitter?

pavel.chichikov wrote on Mon, 6/25/2012 - 10:38 am (in reply to...)

shill wrote:

Besides he went from " 3 months " to " 3 days " my how the time flies.

Three minutes.

ac wrote on Mon, 6/25/2012 - 10:38 am (in reply to...)

Gubbmint Cheese wrote:

also: Hussman Funds - Weekly Market Comment: Enter, the Blindside Recession - June 25, 2012

Scary chart from the article. I guess these are his indicators.

Whiskey wrote on Mon, 6/25/2012 - 10:38 am (in reply to...)

Almost none of the readers will have that much, so what is this column about even?

It's analogous to all of the people with five figure credit card debt asking me for stock tips.

Yancey Ward wrote on Mon, 6/25/2012 - 10:38 am (in reply to...)

Comrade Kristina wrote:

As a bar we are regulated and can ONLY buy alcohol from state approved suppliers so yeah...not really a valid argument. Local alcohol is not available.

How about local computers, cell phones, etc? I am just trying to understand exactly what makes Walmart worse than any other retailer who basically is selling the exact same goods. If the objection is that they don't pay their workers enough, then why do people work there? Why haven't more generous retailers put them out of business by sucking up all the labor?

Lurking Lawyer wrote on Mon, 6/25/2012 - 10:39 am (in reply to...)

But what has changed?

merchants of fear wrote on Mon, 6/25/2012 - 10:39 am (in reply to...)

No, they won't. For the same reasons OWS couldn't muster any.

But this slow motion manipulated debt crisis crash being fed bailouts & QE for kick the can measures is in the early stages... maybe the 2nd inning... either way or any way it goes, the global financial system has to deal with insolvencies of entities small and huge...

Comrade Troyski wrote on Mon, 6/25/2012 - 10:40 am (in reply to...)

Yancey Ward wrote:

Does your bar purchase only locally produced alcohol? If not, then your bar is engaged in the same the same thing you decry in Walmart.

I have no problem with trade, the problem is deficits in trade. Walmart is also something of a monopsony that forces its suppliers to race to the bottom wrt their supply chain.

Walmart is a cancer on this country, and if you can't see the long-term downside with its present market power you don't want to see it.

Be the change.

merchants of fear wrote on Mon, 6/25/2012 - 10:40 am

QE is like fraudulent concealment of insolvencies...

sporkfed wrote on Mon, 6/25/2012 - 10:40 am

Got news today that my parents sold their townhome in Panama City Beach,
Florida. Close asking and all cash. Two and a half weeks on the market.
Nothing fancy but a good location. Oh well, back to Orange Beach for my
beach breaks.

josap wrote on Mon, 6/25/2012 - 10:40 am (in reply to...)

mp wrote:

I'm glad I won't be around to watch it.

You never know.
I think I have about 20 yrs - give or take. Not counting a truck.

mp wrote on Mon, 6/25/2012 - 10:40 am

My Book stands on it own merit...beside I don't talk my book I share my book, those who traded along with my made a ton of money...Are you bitter?

Shill, I'm not bitter, but I'm not going to share my portfolio or my performance with you, nor am I suggesting that you and your friends engineer pile-ons.

My book is my book.

Comrade Troyski wrote on Mon, 6/25/2012 - 10:41 am (in reply to...)

Yancey Ward wrote:

If the objection is that they don't pay their workers enough, then why do people work there?

LOL. Must be a nice place, your planet.

Blackhalo wrote on Mon, 6/25/2012 - 10:41 am (in reply to...)

Comrade Kristina wrote:

it's gotten so bad they are trying to actually LOWER wages here and in other states.

If it can be done in China, it will be. That sucking sound that Perot was worried about was not due to NAFTA, but MFNS.

Doc Holiday wrote on Mon, 6/25/2012 - 10:42 am (in reply to...)

Former Idealist wrote:

Walmart is like the only Dow stock up today

Federally backed monopolies always do well, and the Food Stamp Recovery plays pretty well into that company store model...

azurite wrote on Mon, 6/25/2012 - 10:42 am (in reply to...)

Comrade Kristina wrote:

and they will only continue to get worse, people will get drunker and angrier. I'm watching it happening now in real time and in real life. More arguments, more fights, more divorces, less civility, less politeness and more drug use.

Notice who is the target of the violence/abuse. It's not the wealthy, far from it. It's those closest at hand.

Why would that change? What will make people organize to go after the wealthy?

Preparation H wrote on Mon, 6/25/2012 - 10:53 am (in reply to...)

More arguments, more fights, more divorces, less civility, less politeness and more drug use.

As usual, the iSheeple, too stupid to foment intelligent thought, attack each other instead of the real villians, starting with THEMSELVES, their family, friends and co-workers.

:hammer-to-head:

Comrade Kristina wrote on Mon, 6/25/2012 - 10:42 am (in reply to...)

Sucking up all the labor? Hire them and they will come? WalMart sells cheaper than other stores so therefore has more business and needs more employees. Call it a race to the bottom if you will. It's something we have become good at winning in this country. People work there because there is nowhere else to work. Or did you forget that whole unemployment thingy we had going on?

GDD9000 wrote on Mon, 6/25/2012 - 10:43 am

So, um, CR says the gap will close. And this might take years. Well, for now, the gap appears to be widening, not closing. So, I guess a good first question is, when will the widening stop? Maybe then we can wonder about when the gap will start closing, because right now, as they say "You're going the wrong direction!!!"

Doc Holiday wrote on Mon, 6/25/2012 - 10:44 am (in reply to...)

Spunkmeyer wrote:

Yes, I'd imagine a bar is an excellent venue

That model is being played out at the wall street casino as well

Comrade Troyski wrote on Mon, 6/25/2012 - 10:44 am (in reply to...)

azurite wrote:

What will make people organize to go after the wealthy?

Not going to happen. The 1992 rioters went after the local Koreans, not the land owners above Wilshire.

This country is full of Yanceys, "what's the problem? I don't see it??" -- the reality of things is very well hidden.

poic wrote on Mon, 6/25/2012 - 10:44 am

".beside I don't talk my book I share my book, those who traded along with my made a ton of money.."

When you were making money. When you weren't and you went off in a huff balls-on-chin how were your trades doing?

You're sounding just like you did right before you left the last four times. Give it a rest.

merchants of fear wrote on Mon, 6/25/2012 - 10:45 am (in reply to...)

Walmart is like the only Dow stock up today. How 'bout that

The WM Supercenters offer one-stop shopping. Check out the 'discount' prices. They seem high.

josap wrote on Mon, 6/25/2012 - 10:45 am (in reply to...)

Comrade Kristina wrote:

Yes, because the local grocer is paying his help better which allows

How many people lose jobs if the local grocer goes out of business vs wallmart?

Comrade Kristina wrote on Mon, 6/25/2012 - 10:46 am (in reply to...)

Perhaps getting actual news instead of corporate propoganda? I think the internet actually helps a bit with that. People are still brain washed pretty badly if they watch much tv at all. I went to a gathering Friday and the falsehoods I heard being stated as gospel were shocking to me. I am used to it from the geriatric set at the bar but to hear young people parroting the same stupid shit was sad. Lot's of gun nuts and military worshipers down here though so I guess that is part of it.

Yancey Ward wrote on Mon, 6/25/2012 - 10:46 am (in reply to...)

Well, how much do they pay? How much do your preferred retailers pay? I doubt you even know. A lot of this sounds like the parroting of things you read in a comments section somewhere. Do you comparison shop for anything at all?

Blackhalo wrote on Mon, 6/25/2012 - 10:46 am (in reply to...)

Comrade Troyski wrote:

1992 rioters went after the local Koreans, not the land owners above Wilshire.

And the Tea Party went after health-care reform instead of TARP et al.

pavel.chichikov wrote on Mon, 6/25/2012 - 10:46 am (in reply to...)

Comrade Troyski wrote:

Not going to happen.

They'd just find another demagogue. King Arthur and the knights of the Round Table have left the building.

Comrade Kristina wrote on Mon, 6/25/2012 - 10:47 am (in reply to...)

I guess that depends on the size of that grocer and how many of those employees will stop spending at other businesses. A true ripple effect.

energyecon wrote on Mon, 6/25/2012 - 10:47 am (in reply to...)

Blackhalo wrote:

And the Tea Party went after health-care reform instead of TARP et al

RayOnTheFarm wrote on Mon, 6/25/2012 - 10:48 am (in reply to...)

Yancey Ward wrote:

How about local computers, cell phones, etc? I am just trying to understand exactly what makes Walmart worse than any other retailer who basically is selling the exact same goods. If the objection is that they don't pay their workers enough, then why do people work there? Why haven't more generous retailers put them out of business by sucking up all the labor?

I'm not sure if worse is correct word. Walmart plays by their own rules. Where they can, they have special versions of various electronics products built so that the model number isn't comparable to other retailers. That in and of itself isn't a bad thing, but it does depress competition. Any other retailer with sufficient buying power can do the same thing.

Walmart is the canonical 800-lb gorilla. When they enter a community, you had better watch out for changes and impacts. I can point to a community (not all that far from me) that for many years had a K-Mart and no WalMart. Walmart arrived about 6 years ago, and severely impacted K-Marts traffic and sales. But it goes beyond that. In front of K-Mart was a Wendy's. When the new Walmart went up (about 4 blocks away) Sonic took one of the out-parcels. The sonic always does a strong business. Wendy's closed their location. Walmart is a traffic destination hub. If you are not immediately next to the Walmart property, you better have a compelling reason for people to visit you.

Walmart is the epitome of success in one sense, but it can be a death blow to anyone even remotely competing with them.

Comrade Troyski wrote on Mon, 6/25/2012 - 10:48 am (in reply to...)

Blackhalo wrote:

And the Tea Party went after health-care reform instead of TARP et al.

the roots of the Tea Party (KD's crew) were focused on the bailouts. Then they got hijacked by the republican establishment and they became a catspaw for them.

Doc Holiday wrote on Mon, 6/25/2012 - 10:48 am

3 days, three weeks, three years, three decades, why place a time constraint on how fucked we are:

http://en.wikipedia.org/wiki/File:Hopf-bif.gif

scone wrote on Mon, 6/25/2012 - 10:48 am (in reply to...)

Comrade Kristina wrote:

Lot's of gun nuts and military worshipers down here though so I guess that is part of it.

One of the reasons they need the military is the pay check. Johnny goes off to war and sends the cash back home. If not for that, some of the rural parts of this country would have been totally abandoned long ago. I'm not saying that's a good thing, but it's a fact.

Former Idealist wrote on Mon, 6/25/2012 - 10:48 am (in reply to...)

How much do your preferred retailers pay? I doubt you even know. A lot of this sounds like the parroting of things you read in a comments section somewhere. Do you comparison shop for anything at all?

Most of the comp goes to the top, this is a problem

shill wrote on Mon, 6/25/2012 - 10:50 am

When you were making money. When you weren't and you went off in a huff balls-on-chin how were your trades doing?

You're sounding just like you did right before you left the last four times. Give it a rest.

"Insert balls on chin"....ok they are resting now right where they belong. More bitterness. LMAO!

pavel.chichikov wrote on Mon, 6/25/2012 - 10:50 am

As for Europe, a sovereign at the height of its powers does not look for or want "solutions." It needs to create more problems than there are solutions for them.

Insight from a book I'm reading about the Potsdam Conference.

Comrade Troyski wrote on Mon, 6/25/2012 - 10:51 am (in reply to...)

Doc Holiday wrote:

http://en.wikipedia.org/wiki/File:Hopf-bif.gif

The Second Coming (poem) - Wikipedia, the free encyclopedia

Whiskey wrote on Mon, 6/25/2012 - 10:52 am

WalMart and Wall Street are similar in that they both provide palliatives to far larger, more powerfully harmful forces. In WalMart's case, they exploited global trade, wage arbitrage and the current account deficit to lower their prices for the same people put out of work by globalization. Wall Street took the current account deficit and higher capital concentrations to offer credit on slightly better terms, thus disguising the real deterioration of wealth for the majority of Americans.

Lurking Lawyer wrote on Mon, 6/25/2012 - 10:53 am (in reply to...)

Problems and crises provide opportunities.......

some investor guy wrote on Mon, 6/25/2012 - 10:54 am (in reply to...)

Comrade Kristina wrote:

I hear idiots at my bar babbling about the "death tax". I tell them it's something you will never have to worry about because you are broke. Most of them have no idea that the "death tax" only applies for million dollar estates. The type they will never, ever in their sorry lives have to worry about.

Had you considered working at a different bar?

sporkfed wrote on Mon, 6/25/2012 - 10:54 am

The problem with Walmart is not their efficiency but the fact that the workers are not
sharing in the companies ever increasing push for productivity gains. Just like in the
rest of corporate America. When you factor in the costs to the safety net for health
benefits for their workers and families, they are close to being parasitic.

Doc Holiday wrote on Mon, 6/25/2012 - 10:54 am (in reply to...)

Blackhalo wrote:

And the Tea Party went after health-care reform instead of TARP et al.

OLoser diverted all his energy into healthcare and walked away from wall street corruption -- and the solution is for the GOP to bring a clueless billionaire mormon to to save us from free fall ... this is like a shitty movie that drags on and on and the plot makes less and less sense as the retarded crooks copulate with

Who fucking cares... at least we can come here and read about the booming housing market and recovery

Preparation H wrote on Mon, 6/25/2012 - 10:55 am

And, have the majority learned anything from the corrupt looting of the USofA?

josap wrote on Mon, 6/25/2012 - 10:56 am (in reply to...)

Comrade Troyski wrote:

They'll start when the gov't cuts start hitting bone and no private sector jobs come.

And the pensions start getting cut for the employees left. Possibly for those already retired as well, which means the maybe employed kids have to help out.

energyecon wrote on Mon, 6/25/2012 - 10:56 am (in reply to...)

You mean "brraaaiiinzzzz..." is really just a pick up line?!

GDD9000 wrote on Mon, 6/25/2012 - 10:58 am

They can't write the history of the looting until the looting is done, so for now, j6p is cooling his heels whilst watching American idiot on the telly. Eventually, their kids will read about it in history class, and it will make absolutely no sense to them, and have no impact on anything. Then they'll get back to sharing their location : hey, I'm in jail. Kewl.

black dog wrote on Mon, 6/25/2012 - 10:57 am

you would be amazed at what you can buy practically brand new at yard sales.

you don't even need yard sales anymore ... i just read a bottomline article on websites such as rentalic.com ... where you can borrow stuff from other people in your community ... great for those one time jobs ... another arrow in the back of retail.

Preparation H wrote on Mon, 6/25/2012 - 10:57 am (in reply to...)

They are close to being parasitic.

What does WalMart have to do to cross that threshold, hire vampires?

Doc Holiday wrote on Mon, 6/25/2012 - 10:57 am (in reply to...)

Whiskey wrote:

thus disguising the real deterioration of wealth for the majority of Americans.

And meanwhile, every F'ing city in America bends over to destroy their communities, and hence help Communist Red F'ing China

shill wrote on Mon, 6/25/2012 - 10:58 am

When you were making money. When you weren't and you went off in a huff balls-on-chin how were your trades doing?

For the record...Poorly as I was trading Metals and Miners...this forum is like a bad rerun where one has to continue to post the same thing 15 time before you get it.

I think that is disclosure No.1,000,000,000 on my bad trades, from 2 years ago....great people here for sure...slow thinkers abso- fucking - lutely.

pavel.chichikov wrote on Mon, 6/25/2012 - 11:00 am (in reply to...)

sporkfed wrote:

The problem with Walmart is not their efficiency but the fact that the workers are not
sharing in the companies ever increasing push for productivity gains

Effectively, confiscatory taxation through low wages, except by a private entity. Very strange, and almost reminiscent of the Soviet economy. Demand either way is repressed.

Spunkmeyer wrote on Mon, 6/25/2012 - 10:59 am (in reply to...)

What does WalMart have to do to cross that threshold, hire vampires?

Goldman Sachs and Walmart will merge. + =

poic wrote on Mon, 6/25/2012 - 11:00 am

"and hence help Communist Red F'ing China "

I hate to nitpick but this is at least the third time I've pointed out to you that China is a far,far cry from true Communism nowadays. In some ways it's significantly worse nowadays.

Preparation H wrote on Mon, 6/25/2012 - 11:00 am (in reply to...)

And meanwhile, every F'ing city in America bends over to destroy their communities, and hence help Communist Red F'ing China

Keep rooting for your team boyz and hos!

Perhaps you'll get your shot at wearing

merchants of fear wrote on Mon, 6/25/2012 - 11:00 am (in reply to...)

People are still brain washed pretty badly if they watch much tv at all.

People get brainwashed on these blogs too in between being informed of the official approved & continually revised/modified data.

Comrade Troyski wrote on Mon, 6/25/2012 - 11:02 am (in reply to...)

Doc Holiday wrote:

OLoser diverted all his energy into healthcare and walked away from wall street corruption

Solving a present problem for tens of millions of Americans while deferring tackling something that wouldn't change anything and had horrible optics (of playing into the right's narrative that Obama is out of the mainstream, anti-American).

This idea that healthcare took up all the oxygen in 2009--2010 is bullshit, too. The procedural limits were entirely the Republican opposition to any change at all.

Yet you slag on Obama. you pal.

Former Idealist wrote on Mon, 6/25/2012 - 11:03 am

Time for a fart joke.

pavel.chichikov wrote on Mon, 6/25/2012 - 11:02 am (in reply to...)

Preparation H wrote:

Perhaps you'll get your shot at wearing We wants it, we NEEDS it. Must have The Precious!

KING ARAGORN

Who are the elves who forged the ring
That Sauron would have worn?
Would they make another such
To please King Aragorn?

The elves are working even now
In suburbs dawn till night,
Lights go on and never dim,
Nor were the stars so bright

They fashion rings to bring the dark
Such is their dirty work,
Renegades who once were light
Who now in towers lurk

Orcs are elves deformed and bent
Though some devise and figure,
They can work such theorems out
With cleverness and rigor

Who would wear that mighty ring,
Such power and refrain
From sealing them inside their labs,
King Aragorn remain?

Pavel
June 17, 2012

Preparation H wrote on Mon, 6/25/2012 - 11:02 am (in reply to...)

No, really???

merchants of fear wrote on Mon, 6/25/2012 - 11:03 am (in reply to...)

How come you're not talking about the Zimmerman case any more?

pavel.chichikov wrote on Mon, 6/25/2012 - 11:04 am (in reply to...)

merchants of fear wrote:

How come you're not talking about the Zimmerman case any more?

Or Occupy?

Rob Dawg wrote on Mon, 6/25/2012 - 11:04 am (in reply to...)

Comrade Kristina wrote:

I hear idiots at my bar babbling about the "death tax". I tell them it's something you will never have to worry about because you are broke.

It's a disconnect in some ways but not all. In November CA will vote on the millionaires tax. Kicks in at $250k. Oh and everyone pays a higher sales tax rate.

You know the origins of the federal personal income tax right? 1 percent tax on net personal incomes above $3,000 with a 6 percent surtax on incomes of more than $500,000. That $3k is $70k equivalent today.

That's why the bitch about the camel's nose.

Preparation H wrote on Mon, 6/25/2012 - 11:04 am (in reply to...)

OLoser diverted all his energy into healthcare and walked away from wall street corruption.

You mean he's not gonna prosecute all of his Ivy League Franternal Brethren?

Doc Holiday wrote on Mon, 6/25/2012 - 11:04 am (in reply to...)

Comrade Troyski wrote:

Yet you slag on Obama

What did he (O) ever do that mattered, and what possible illusion can Mittens pretend to use for a recovery?

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 11:04 am (in reply to...)

Comrade Kristina wrote:

And, I just got a dollar raise

Cool! So do you move up a quintile now and start to adopt a pro-establishment new world view?

pavel.chichikov wrote on Mon, 6/25/2012 - 11:06 am

It wasn't so long ago that Occupy was going to change everything.

The life time of a movement these days seems to be not more than six months. We used to call it a fad.

KarmaPolice wrote on Mon, 6/25/2012 - 11:06 am

One time for Halloween, I dressed up like Beth from Dawg the Bounty Hunter. Do you think that it will haunt me forever?

Sheriff Denies Being KKK Member Despite Photos

Doc Holiday wrote on Mon, 6/25/2012 - 11:06 am (in reply to...)

Spunkmeyer wrote:

Goldman Sachs and Walmart will merge

I can see that as a strong investment in a pension portfolio

Cinco-X wrote on Mon, 6/25/2012 - 11:06 am (in reply to...)

Former Idealist wrote:

Time for a fart joke.

I'll pass...

Mary wrote on Mon, 6/25/2012 - 11:07 am (in reply to...)

Government "cuts" to transfer payments by welfare budget have been accumulating since the '80s. The "savings" subsequently having been diverted by legislators to industrial prison expansion.

Perhaps you expect transfer payment losses to drive indignant, contract engineers to the steps of every state capitol to tar'n'feather the legislators?

shill wrote on Mon, 6/25/2012 - 11:08 am

What did he (O) ever do that mattered, and what possible illusion can Mittens pretend to use for a recovery?

Again....

YouTube - Obama Economic Plan: Go Buy A Thingamajig

Again you are assuming everyone out there knows what you know....you are of the 3% that knows the deal...the other 97% do not or care so yes the illusion will continue.

Blackhalo wrote on Mon, 6/25/2012 - 11:07 am (in reply to...)

Comrade Troyski wrote:

They'll start when the gov't cuts start hitting bone and no private sector jobs come.

I don't think so. Instead they will vote Kang out, and Kodos in, and think that they have fixed a problem that is the result of 30 years of "tickle-down" that both parties nominally embrace.

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 11:07 am (in reply to...)

Cinco-X wrote:

Former Idealist wrote:
Time for a fart joke.
I'll pass...

So will lunch!

Preparation H wrote on Mon, 6/25/2012 - 11:08 am (in reply to...)

Solving a present problem for ~~tens of millions of Americans~~ INSURANCE PONZI i.e. DETERIORATING PROFITS while deferring tackling something that ~~wouldn't~~ COULD change ~~anything~~ EVERYTHING.

ac wrote on Mon, 6/25/2012 - 11:08 am (in reply to...)

Comrade Kristina wrote:

People are still brain washed pretty badly if they watch much tv at all.

Yeah I worry about that so I watch a lot of Fox News to make sure I don't get brainwashed.

Comrade Kristina wrote on Mon, 6/25/2012 - 11:08 am (in reply to...)

That wouldn't help unless it was in another state or possible Sweden.

poic wrote on Mon, 6/25/2012 - 11:08 am

"Cinco-X wrote on Mon, 6/25/2012 - 11:06 am (in reply to...)

reply

Former Idealist wrote:

Time for a fart joke.

I'll pass... "

//checks

picosec wrote on Mon, 6/25/2012 - 11:08 am (in reply to...)

Comrade Kristina wrote:

I've been asking where demand will come from for awhile as wages sink and people fall off the UE rolls.

Well, here's a look at who's been buying recently at the high end.

Piedmont Residents: Meet Your New Neighbors | Bay Area Real Estate Trends

merchants of fear wrote on Mon, 6/25/2012 - 11:09 am (in reply to...)

It wasn't so long ago that Occupy was going to change everything.
The life time of a movement these days seems to be not more than six months. We used to call it a fad.

Maybe the protesters got tired of being arrested and being tear gassed or roughed up...

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 11:10 am

OT but the discussion on sub-reddit DarknetPlan may definitely be of interest to some here:
FOI Documents Show TOR Undernet Beyond the Reach of the Federal Investigators : darknetplan

azurite wrote on Mon, 6/25/2012 - 11:10 am (in reply to...)

Comrade Troyski wrote:

Not going to happen

I don't know if it'll never happen but it does seem as though it's not going to happen any time soon. If for no other reason that the propaganda machines seem very effective at turning people against each other of similar or lower socio-economic groups/classes. While the upper class continue to wage class warfare.

Comrade Kristina wrote on Mon, 6/25/2012 - 11:11 am (in reply to...)

Not yet. I'm still assuming it was an accident. I haven't had one in 7 years and didn't ask for this one. I did find out they were paying someone else a dollar more than I make (it was an accident because we are not allowed to discuss wages with other employees) but this person only works 3 short shifts per week and has no responsibility while I work just shy of full time at 37 hours per week and basically take responsibility for all the ordering, keeping track of what needs repaired, who is out sick etc. So I was not very happy. Perhaps it got back to the boss.

Former Idealist wrote on Mon, 6/25/2012 - 11:11 am

OT The USMint is selling a collectible Silver American Eagle two coin set that is pretty cool, tho overpriced at $149.

KarmaPolice wrote on Mon, 6/25/2012 - 11:11 am

How do you like this shit:

Facebook changes everyone's listed emails to '@facebook.com' - chicagotribune.com

pavel.chichikov wrote on Mon, 6/25/2012 - 11:11 am (in reply to...)

merchants of fear wrote:

Maybe the protesters got tired of being arrested and being tear gassed or roughed up...

Or just got bored and moved on to something else, especially if they expected radical social change in a few weeks or months at most.

azurite wrote on Mon, 6/25/2012 - 11:12 am (in reply to...)

josap wrote:

How many people lose jobs if the local grocer goes out of business vs wallmart?

How many jobs might be created as other businesses sought to fill the gap filled by walmart? Might the average low level employee wage be a little higher?

Comrade Kristina wrote on Mon, 6/25/2012 - 11:12 am (in reply to...)

Heh, Orly? O_O

RATM wrote on Wed, 7/11/2012 - 9:44 am (in reply to...)

cf

shill wrote on Mon, 6/25/2012 - 11:13 am

Occupy was a joke....this is a movement Egypt

http://i.ytimg.com/vi/paLKwOY_6hc/0.jpg

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 11:13 am (in reply to...)

Comrade Kristina wrote:

Heh, Orly? O_O

LOL... well, if it was then, I'm sure it isn't now.

azurite wrote on Mon, 6/25/2012 - 11:13 am (in reply to...)

sporkfed wrote:

When you factor in the costs to the safety net for health
benefits for their workers and families, they are close to being parasitic.

| + 100 |

KarmaPolice wrote on Mon, 6/25/2012 - 11:14 am (in reply to...)

shill wrote:

Occupy was a joke....this is a movement Egypt

Just imagine the smell....

Preparation H wrote on Mon, 6/25/2012 - 11:14 am (in reply to...)

OT but the discussion on sub-reddit DarknetPlan may definitely be of interest to some here:

I knew this was true 20+ years ago when I was logging in through CompuServe...

100%

ex-Duke of Con Dao wrote on Mon, 6/25/2012 - 11:14 am (in reply to...)

Comrade Kristina wrote:

I almost never shop at WalMart.

solidarity with the people and all that nonsense, I guess...
you won't be happy until America becomes a glowing ember...
...

Rob Dawg wrote on Mon, 6/25/2012 - 11:15 am (in reply to...)

merchants of fear wrote:

.
The life time of a movement these days seems to be not more than six months. We used to call it a fad.

Maybe the protesters got tired of being arrested and being tear gassed or roughed up...

Six months is how long it takes to get funding, gather intel, train infiltrators and embed.

Preparation H wrote on Mon, 6/25/2012 - 11:15 am (in reply to...)

OT The USMint is selling a collectible Silver American Eagle two coin set that is pretty cool, tho overpriced at $149.

Suckas!

josap wrote on Mon, 6/25/2012 - 11:16 am (in reply to...)

picosec wrote:

Well, here's a look at who's been buying recently at the high end.

Ok. I've got the solution.
Every household in the 10%+ income and or wealth bracket must hire (for each house they own - not counting rentals):
A full time maid.
A full time landscaper.
A full time head housekeeper.
Full time pool service / repair person.

All households in the 5%+ bracket must also hire a second maid, a cook and a person to care for the cars.

All households in the 1% bracket must hire 10 of each type of employee.

Of course they will also need nannies, secreteries, laundry people.
It's a start.

picosec wrote on Mon, 6/25/2012 - 11:16 am (in reply to...)

Comrade Kristina wrote:

...because we are not allowed to discuss wages with other employees

Interesting union you have there. Anything else you're not allowed to say to one another?

Comrade Kristina wrote on Mon, 6/25/2012 - 11:16 am (in reply to...)

Yeah, that is what I hope for because I want living wages and basic health care available to the people. I'm just such and evil shrew.

merchants of fear wrote on Mon, 6/25/2012 - 11:16 am (in reply to...)

And, have the majority learned anything from the corrupt looting of the USofA?
Got Popcorn?

That's not how some look at it.
They think the bad guys are people who are against central banking unlimited currency dilution QE...

Comrade Alexei Mikhailovich wrote on Mon, 6/25/2012 - 11:17 am (in reply to...)

ResistanceIsFeudal wrote:

OT but the discussion on sub-reddit DarknetPlan may definitely be of interest to some here:

And who paid for TOR? FedGov.

The law of unintended consequences reigns supreme.

ResistanceIsFeudal wrote on Mon, 6/25/2012 - 11:17 am (in reply to...)

Rob Dawg wrote:

Six months is how long it takes to get funding, gather intel, train infiltrators and embed.

Exactly. Cointelpro, now gluten free!

azurite wrote on Mon, 6/25/2012 - 11:17 am (in reply to...)

pavel.chichikov wrote:

Or just got bored and moved on to something else,

Some are still participating. Occupy Wall Street | NYC Protest for American Revolution

Doc Holiday wrote on Mon, 6/25/2012 - 11:17 am (in reply to...)

merchants of fear wrote:

Maybe the protesters got tired of being arrested

The whole mis-placed mechanism of the peoples voice seemed like total bullshit, because that sort of model was like the DARPA internet concept that an internet with multiple nodes would be more secure and more effective in withstanding "attack" -- great concept until you mix in the dynamics of reality, i.e., capitalism, politics and corruption. There are always leaders and followers, e.g., AOL and the build-out of a controlled structure, which fell into competition with yahoo, msft, Google ... Facebook ... blah, blah - thus the point is, OWS needed leadership to gain strength and they displaced their growth into a sort of negative feedback loop; they gave away their power to a group of morons that kept spinning the charge into smaller less powerful signals ... idiots.

energyecon wrote on Mon, 6/25/2012 - 11:17 am

Somebody wantz to BUY MOAR EUROZ!

scone wrote on Mon, 6/25/2012 - 11:18 am (in reply to...)

Comrade Kristina wrote:

That wouldn't help unless it was in another state or possible Sweden.

"Government being instituted for the common benefit, protection, and security, of the whole community, and not for the private interest or emolument of any one man, family, or class of men; therefore, whenever the ends of government are perverted, and public liberty manifestly endangered, and all other means of redress are ineffectual, the people may, and of right ought to reform the old, or establish a new government. The doctrine of nonresistance against arbitrary power, and oppression, is absurd, slavish, and destructive of the good and happiness of mankind."

New Hampshire Constitution - Wikipedia, the free encyclopedia

ex-Duke of Con Dao wrote on Mon, 6/25/2012 - 11:19 am (in reply to...)

Comrade Kristina wrote:

How about the substandard crap they sell that is bought from sweat shops overseas which also drives wages down in this country?

for 6 months of my life I dealt with textile producers who sell in the low margin/high volume sector of which you speak.
a) you have no clue about the Walmart shelf model do you? if so, explain it to me.
b) sweat shops overseas, have you ever visited one?
c) substandard? you want the stitching to be done like Ballenciaga yet the price point maintained?

merchants of fear wrote on Mon, 6/25/2012 - 11:18 am (in reply to...)

and basic health care available to the people.

At incredible monopoly rip-off prices.

poic wrote on Mon, 6/25/2012 - 11:19 am

"they gave away their power to a group of morons that kept spinning the charge into smaller less powerful signals ... idiots. "

They were probably secret red commies. Barack HUSSEIN Obama was working in lock-step with sleeper communist cells to side-line OWS.

merchants of fear wrote on Mon, 6/25/2012 - 11:20 am (in reply to...)

you want the stitching to be done like Ballenciaga yet the price point maintained?

Comrade Kristina wrote on Mon, 6/25/2012 - 11:20 am (in reply to...)

We are a right to work and "at will" state so no union here. Not that service workers are easily unionized.

Former Idealist wrote on Mon, 6/25/2012 - 11:20 am (in reply to...)

and basic health care available to the people.

At incredible monopoly rip-off prices.

done!

Comrade Troyski wrote on Mon, 6/25/2012 - 11:20 am (in reply to...)

Doc Holiday wrote:

What did he (O) ever do that mattered, and what possible illusion can Mittens pretend to use for a recovery?

Moved the country towards universal health insurance.

Got the homo-haters to back off a bit.

That's about it, alas. President's job is to operate government as created by Congress. It's Congress' job to fix things, not his.

Not saying there shouldn't be hundreds of perp-walks, but the problem is the major crimes were committed 2003-2007, you know, during the bubble.

Going after people now is much more difficult, and prosecutors don't take cases they aren't sure they can win.

Doc Holiday wrote on Mon, 6/25/2012 - 11:20 am (in reply to...)

merchants of fear wrote:

At incredible monopoly rip-off prices.

MittenCare will change that after the Baby Boom Implosion

poic wrote on Mon, 6/25/2012 - 11:20 am

I just found an article written by shill

Stocks to Bottom This Week: Charles Nenner | Breakout - Yahoo! Finance

Preparation H wrote on Mon, 6/25/2012 - 11:21 am (in reply to...)

Somebody wantz to BUY MOAR EUROZ!

QE-Twist-QE FTW!

JP wrote on Mon, 6/25/2012 - 11:21 am (in reply to...)

picosec wrote:

Well, here's a look at who's been buying recently at the high end.
Piedmont Residents: Meet Your New Neighbors | Bay Area Real Estate Trends

FTA: Only seven of the 20 buyers have recently sold or are in the process of selling a previous residence. It was a bit of a surprise that they did not necessarily have a gain on that sale.

Surprise!

picosec wrote on Mon, 6/25/2012 - 11:23 am (in reply to...)

JP wrote:

Surprise!

Surprise in that they were moving up an average of $300-$400k.

EDIT: I expected many to have been longer-term owners who had gotten into home-ownership well before the bubble.

mp wrote on Mon, 6/25/2012 - 11:22 am

All of this incoming data is just screaming downturn.

Call me "emotional," suffering from "hyperbolic schtick."

Have a great day.

merchants of fear wrote on Mon, 6/25/2012 - 11:23 am (in reply to...)

Not saying there shouldn't be hundreds of perp-walks, but the problem is the major crimes were committed 2003-2007, you know, during the bubble.

So nothing unpleasant or reasonably suspicious transpired from 2008-now?

Comrade Kristina wrote on Mon, 6/25/2012 - 11:23 am (in reply to...)

I'm pretty certain I stated I don't shop there for various different reasons including shoddy products. So no, if other people want to buy cheap crap that falls apart in a week and drives down wages and ruins their neighborhoods that is their choice. I choose to spend what little money I have somewhere else or I just plain go without. What a concept, eh?

shill wrote on Mon, 6/25/2012 - 11:23 am

They were probably secret red commies. Barack HUSSEIN Obama was working in lock-step with sleeper communist cells to side-line OWS.

Ya you know like Obama and company had no idea about " Fast and Furious " decipher the uninformed noise makers folks....you know the Poic dope types.

YouTube - Fast and Furious - Obama knew about Gun Walking in March, 2009

Doc Holiday wrote on Mon, 6/25/2012 - 11:23 am

I wonder if walmart will have these in different colors or have different fabrics; maybe if you want a really F'ing shitty thin fabric not built to last ... maybe you go the Gap?

I digress...

Mao suit - Wikipedia, the free encyclopedia

The Zhongshan suit was an attempt to cater to contemporary sensibilities without adopting Western styles wholesale. Dr. Sun Yat-sen was personally involved, providing inputs based on his life experience in Japan: the Japanese cadet uniform became a basis of Zhongshan suit. There were other modifications as well: instead of the three hidden pockets in Western suits, the Zhongshan suit had four outside pockets to adhere to Chinese concepts of balance and symmetry; an inside pocket was also available. Over time, minor stylistic changes developed. The suit originally had seven buttons, later reduced to five.

Comrade Troyski wrote on Mon, 6/25/2012 - 11:23 am

People earning under $80,000 or so will have their insurance costs capped at 6% of gross income.

This is awesome.

Now, it's got to be paid with taxes, but as the rich like moaning about they pay nearly all of the taxes.

PPACA really bones the upper middle class, tho. We don't get the subsidies, but we have to pay towards them along with the really wealthy.

If you don't like PPACA, well, I can sympathize, but if you wanted more from the 111th Congress, take it up with the 111th Congress.

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