Tomorrow: Personal Income and Outlays for May, Chicago PMI, Consumer Sentiment
Submitted by
CalculatedRisk on Thu, 06/28/2012 - 6:44pm (468 comments)
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What now?
Ok then
Don't they come down off the summit tomorrow?
Maybe they'll have some answers.
ha. ha.
I guess as long as The Can is not too heavy to Kick, they got'sta Keep Kicking it.
On July 1, 2004, 12 percent of all Americans were 65 and over. By 2050, people 65 and over will comprise an impressive 21 percent of the U.S. population, reports the Census Bureau.
Tsunami of old people headed this way; let the buyer beware of shadow inventory/overhang/ change in the models:
Now, factor in the segment over 50 and under 20:
http://www.census.gov/compendia/statab/2012/tables/12s0009.pdf
Under 20 = about 27%
Stock up on
. I think the European summit is going to extra innings.
They should just lock them in a conference room until Sunday evening and then they can either announce a solution or face the wrath of the markets beginning in Asia Monday.
Speaking of which
Battle over Spain, Italy rescue erupts at EU summit
| Reuters
This why we have sovereigns. Team playing isn't all it's cracked up to be.
Italy and Spain are facing each other in the final of the Euro 2012 soccer tournament.
One country will taste victory. The other will be force to take a massive bailout designed to destroy their economy.
It's all on the line.
"Doc Holiday wrote:
Thu, 06/28/2012 - 6:12pm
Alright, alright, WTF happened to the comment about Starbucks and the long pull?
I came back to say thank you and now it's F'ing gone ..... "
Damnit!! That was my comment
Where's the live coverage? I want to see live coverage.
Tsunami of old people headed this way
The Gray Wave
Outsider wrote:
Me too. Reality TV
POIC<
What about these dumplings?
Me too. Reality TV
Imagine the ratings. Who gets voted off the continent?
So, how many people think that the Euro will still exist come January?
So, how many people think that the Euro will still exist come January?
Germany: I am NOT going deutsche mark. And if I do, so will all of you...
Winston wrote:
No way am I going to make a guess.
There are no good solutions. Either way they decide, it is going to be bad.
Outsider wrote:
Hey, I'm working on that:
in 2020, 27% of population was under 20 years, about 18% of peeps are over 65, and hence you have this core group of unemployed peeps around 20 to 60 that are busy chatting on cell phones about their tats and latest job at walmart... more to follow;
The fun part is when the scale starts to really tip to the older people. obviously the core demographic will be super wealthy buying up second homes and enjoying life with few cares...
In 2050, peeps over 65 will be 25.3% of population and the kids under 20 will be around 32% ... so, hmmm; lots of kids that will need to be cared for and lots of old people ... should be interesting:
==> Now, add in the group that's 55 to 59 and you get closer to 31% of the population moving around being fairly unproductive, and if we add in a few years for kids -- the cool group, under 30, that segment is 38.5%, hence that sweet zone of super bees between 30 and 55 will be close to 30% --
Imagine being in the tech industry and having your market share cut by 50%+ and imagine trying to hype a housing bubble with massive unemployment and less and less productivity ...
Ok, robots 
the 2010 Census.
We had green onion pancake, wonton soup and pot stickers Gnome.
Probably the best dumpling place we've found so far. Run by Chinese mainlanders.
How's the
and work?
ag
Outsider wrote:
Great Britain has to be thanking their lucky stars for staying out of that mess...
damn it, now I want pot stickers.
Just got back from USNWC; having a rare day off (besides the three hours I worked this morning doesn't really count)
I got dehydrated today and had some pretty massive muscle cramping.
Which sucks when you are paddling Class III water!
I also got a bit too much sun.
DO NOT DISCLOSE THIS DUMPLING PLACE TO ANYONE!
Mike_PNW wrote:
They have their own mess. And they will get worse as their economy is closely chained to the continent.
josap wrote:
That's why the Euro will go on and on. Because all the alternatives are solutions.
HomeGnome wrote:
Geez, email the duke and get the recipe! I am sure he knows the person who taught the chef how to make them so well...
There's no "serious" left here? Mmkay.
Forgot about Comrade Kristina
I heard the recipe is now referenced as a seminal recipe by top Chinese cooking schools.
Heh, can we know who requested
Can't be the shill, no
our shillassorted Federal Reserve snouts in the trough can it ?I heard the recipe is now referenced as a seminal recipe by top Chinese cooking schools.
---Why are you dogging him?
<The Financial Times is live blogging the European summit: EU summit: Live blog
That is almost too funny - like live blogging a wake.
after all we get hattips.. its only fair the potential piggies are accounted for, no ? not our dear
of course. that one is well accounted for.
The median sales price of a home in the region is up 32 percent from May 2011, according to the latest report from the W. P. Carey School of Business at Arizona State University.
"Most houses below $250,000 priced realistically are attracting large numbers of offers in a short time, and many exceed the asking price," said Orr, director of the Center for Real Estate Theory and Practice at W. P. Carey School.
He said a Chandler owner recently received 84 offers, and a Glendale owner snared 95.
The Glendale house closed within four weeks for 17 percent above the original asking price.
"Needless to say, this is not something we would see in a normal market," Orr said.
Read more: Metro Phoenix home prices continue to rise
dryfly wrote:
I'll be at one tomorrow, have to keep my eyes open to see if anyone is doing that...
hey, I heard that there was an economics blog around here someplace.
I did my part for personal outlays in May and June. I even helped an airline fill a couple of seats, and I almost never do that.
You can thank me when the numbers come out tomorrow.
There's not much evidence of a Left.
Go organize one, then. I'll subscribe to your newsletter.
Ok. I'll start it here.
josap wrote:
But at least they can debase their currency without Angie's permission.
You can thank me when the numbers come out tomorrow.
---
josap wrote:
Fear is driving this. Someone who has been in the middle class and has some savings can afford to do this. Of course, they could find someone savvy to invest with instead...
merchants of fear wrote:
Merchants' Greatest Hits, Live from Hoocoodanode.
That is almost too funny - like live blogging a wake.
Summit theme song: I Will Survive
It's weird right now. I'm super-busy as are my vendors and about half of my friends are doing really well, yet I know folks who just can't find any decent work. It's like there are two very detached realities.
sm_landlord wrote:
Pffft. There's probably a housing blog someplace as well. Good luck.
sm_landlord wrote:
Or even a finance ( and economics ) one - one that mentions.. the great ongoing LIBOR scandal now in the news cycle for two solid days - but Yves Smith rides to the rescue, very Boudicca like :
Quelle Surprise! Barclays Settlement on Massive Interest Rate Price Fixing Illustrates Bank Crime Pays Well « naked capitalism
There's probably a housing blog someplace as well
---Have you checked the bathroom?
dryfly wrote:
I read somewhere that London has set themselves up as a tax-haven for fleeing wealthy Eurocritters from the continent. There's a growth industry for you...
Winston wrote:
I see the same thing - the thing I keep telling my peeps is to watch farther down the pipeline - who are the end users and will the channel jam at outlet. There is a really good chance of that since about 1/2 to 2/3's of their business is related to agriculture and energy somehow. Both are very bubblish.
Winston wrote:
Agreed, super-weird. I haven't had a real day off in months, and a guy I used to work with called me today asking if I had any scrap metal that he could recycle for me.
I did my part for corporate spending.
They're shipping my FREE transmission from Japan.
I couldn't have done it without Duke's emotional support.
We can explore the manipulation of popular consciousness and the prevailing dominant ideology of the finance blogs.
dryfly wrote:
I don't think it would help much at this point.
I am really surprised there's no airplay for the LIBOR scandal in CR's mainline posts nor even in Mish either ( o yeah they are buddies of course
.
I should check denninger
please gawd someone save me..
"HomeGnome wrote:
Thu, 06/28/2012 - 7:15pm
There's probably a housing blog someplace as well
---Have you checked the bathroom?
In Reply To..."
You'll find a log, not blog there.
Tom Stone wrote:
Could be. It really isn't normal or sane.
After what we just went through .... I know they noticed.
Some of it is thinking this is "the" bottom. Homes will never again be this cheap, interest this low.
But these people have lost their minds.
CR don't do rate manipulation scams. All roads lead to the Fed.
josap wrote:
sm_landlord wrote:
I've had a "challenging" week myself. I have decided some R&R is needed, so off to:
browser - Please update to a modern browser
tonight
Olympic trials right now
My customers who are doing well are either making money from improving living standards in Asia, the energy sector and the return of some manufacturing to the U.S. Interestingly, we are able to make better industrial equipment for less money than our Chinese/German competitors.
Mike_PNW wrote:
If you think the IRS is aggressive in pursuit of tax dodges - you haven't seen anything like the larger EU countries [Germany, France]. Those people won't be able to ever return to their chateaus and villas safely. They will have to move permanently and never return.
Also - European police are pretty rough - my wife was on a train in Austria and saw a police officer throw a guy to the ground and put a machine gun to the back of his head. They hauled the guy off and he barely moved - wasn't going to make their day for nothing.
If you are going to be a tax cheat in Europe - like here but even more so - you better have good friends in high places then you don't have to go anywhere. Hell maybe even run for office.
adornosghost wrote:
Doesn't appreciate the G5 tower running Leopard.
Yeah, I just met a guy who is extracting gold from circuit boards - a step down from collecting scrap. Scary shit actually.
skk wrote:
Ok, this is bad.
I'm not even angry, it's just normal now.
Winston wrote:
Didn't the Prime Minister of Greece have to have an operation because of a detached reality?
skk wrote:
The LIBOR fraud was covered here a couple of years ago.
josap wrote:
It will help them keep 'busy'. Help them stay prosperous? Not so much. That is the rub with currency debasement.
In short you can't have it both ways - you either work for less or a lot of people don't work at all.
josap wrote:
Not that bad here, but 18 offers on one home. It has only hit the low end here, $300k and under mostly.
Italy, Spain reportedly block EU growth pact - MarketWatch
adornosghost wrote:
Looks like fun. Enjoy!
I got back to the office today and got slammed with everything I couldn't do while I was out of town for two weeks. One of those things was to contract for some help, which I can hopefully accomplish tomorrow or Monday. I think I found someone who can really be helpful.
Tom Stone wrote:
And no one cares cause the rate kept going lower. Now it is frozen.
RATM wrote:
I was there Mon & Tuesday night and prelim Wed AM - saw a lot of the Lochte Phelps showdown - lot of fun.
Libor scandal: FSA and US criminal probe could see banks pay out billions in damages | Mail Online
Analysts say penalties could dwarf the record £290m fine for Barclays
HSBC, RBS and Lloyds have all also been named in lawsuits
Regulators in Japan and Canada are also conducting investigations
The manipulation of Libor by Barclays is likely to be the ‘tip of the iceberg’ in terms of fraudulent activities by banks, according to a former head of the U.S. securities regulator.
American regulators have issued subpoenas to banks including UBS, Citigroup, and Bank of America regarding how Libor rates are calculated.
sm_landlord wrote:
metoo - got round to seeing the docs for cardiology and separately the naughty bits doc .. all I went in for was get authorization for prescription refills and separately the routine tests ( PSA and finger up TMI ) - I end up with ( no no I'm sure they mean well ) 2 fancy ( but not as fancy as a angiogram ) tests scheduled - also genotype tests man.. for "plavix resistance" - something to keep in mind RD.
The naughty bits doc ( old guy.. I couldn't get an appt with a younger guy till Sep.. and another younger guy doesn't take new patients .... ) actually tried to sell me a condo vacation ( HIS condo ) - at a discount to his patients & friends he said - in Mammoth.. People are hurting..
I'm starting to see some (anecdotal so far ) things of how the housing bubble, crash is affecting the age demographics in rich, mature Thousand Oaks - compared to Boulder, Colorado. Still too early to draw firm conclusions.
yeah that IS a housing related post !
More thread music. Just Because.
YouTube - Cake - War Pigs
Winston wrote:
Very dangerous to do, even when you know what you are doing.
RATM wrote:
No one who "Matters" cared. It was a good deal for "Real People"....
josap wrote:
Its never who you know ... [leaves rest to imagination].
Hmmm. I think he means track...
sm_landlord wrote:
I was in Manhattan for 10 days, and I have been running in place upon returning.
Your insight on Kennedy Security was right on---
Took forever.
The LIBOR fraud was covered here a couple of years ago.
There's some new developments shall we say.
Yeah, I called our county Hazmat people about that one. I don't want anyone doing that stuff anywhere near me.
shill wrote:
We don't want no stinking growth. We just want a simple, free, bailout.
shill wrote:
YouTube - Special Olympics - Monty Python
Not a tight sphincter in site ...
dryfly wrote:
France will be an interesting experiment to watch. Can you successfully tax the wealthy..or do they slip away into the night?? If I had unlimited means I would pick Aruba over London..but to each his own I guess.
Scientists unveil battery that can be painted onto surfaces
Tom Stone wrote:
I was up in Edina MN a few weeks ago - nice middle class part of an affluent suburb. There were about ten houses with signs up within a five block stretch - every single one had a 'SOLD' sign hung form them. A year ago that would have been exactly opposite.
merchants of fear wrote:
Someone got off their ass and looked at the publically available information. It was out in the open, not hidden.
Tom Stone wrote:
but the "settlement" happened a couple of days ago and it was speculated about two years (AND MORE) ago but admitted to two days ago - Enron style emails "I owe you a BOLLINGER ( champagne ) " exposed.. I don't recall that a couple of years ago. trust me I'd have remembered.
josap wrote:
Yep agree the key is how many are in this group ? Enough to pull the housing industry up again ?
My opinion is no way esp if we go into another recession. If we assume on the other hand that prices will continue to fall then we are looking at a fundamentally new housing market. One with a huge number of "owners" underwater. Short sales will become the norm not the exception. Further more rents are constrained eventually by real income. If rents get too high then people simply don't have the money to purchase other goods and services. Consumer spending would be forced to slow leading to a recession. So a rent bubble is not gonna last long. If one assumes rising rents must eventually flatten then at some point if prices do rise investor purchasing for rentals becomes less and less attractive and these purchase now account for a significant chunk of many markets.
Bottom line no way is this the real bottom for housing. Call it the affordability dead cat flop if you will. Last but not least if one assumes complex systems generally follow some sort of simulated annealing algorithm then markets like the housing market must experience brief periods where the market looks better to allow it to get out of a "high valley". In short markets have to go up to go down and discover the true equilibrium point. If this hypothesis is correct and market fundamentals are questionable then its just a bench perhaps not even close to the real bottom.
1 currency now -yogi wrote:
Yes, I'd rather watch swimming. Women who run the 5000m are unattractive.
Mike_PNW wrote:
London----
I'm burned on the tropics.
HomeGnome wrote:
YouTube - Goldfinger Golden Girl
No one who "Matters" cared. It was a good deal for "Real People"....
HOW DOES IT AFFECT ME, MY MORTGAGE AND MY SAVINGS?
The rate banks pay to raise money affects how much they charge on loans and mortgages. An increase in Libor can add hundreds of pounds to households’ annual mortgage repayments or a loan to a small business.
This was seen with dramatic effect in the run up to the financial crisis, when Libor soared and lenders raised their rates. It is also used as the benchmark for trillions of pounds in complex financial investments.
It also influences savings rates. If banks can borrow more cheaply from each other then they don't need to offer such good returns to savers.
Barclays scandal: How Libor affects mortgages and savings rates - and is customer compensation likely? | This is Money
adornosghost wrote:
or maybe London..with a vaca home in Aruba...lol
dryfly wrote:
In Sebastopol anything under $650k that is well priced sells immediately. $650k-$1MM is slower and people want quality. Over $1MM and there's one
"contingent/ show" and 21 active listings. Of those 21 five or six are not really for sale, way overpriced or just crap.
Conjure laid it all out 5 years ago.
http://www.hoocoodanode.org/sites/default/files/user_contrib/Conjure1.pdf
Awesome...Science is a wonderful thing.
Windward.Broach wrote:
Get that damn spinnaker down and get this boat under control!!!
mp wrote:
Christawmighty, has it been that long?
It has.
Tom Stone wrote:
there was public available information about a settlement ? there was publically available information that Barclays and RBS admitted to it ? there was publically available information that..
or / and :
or and :
I missed all that from way back.. links please..
Merchants, as you can see from Conjure's monograph, he and I make all kinds of excuses for the fucking banks.
B of A being probed?? Aliens!
Um, you are not doing it right...
http://urbanmogullife.com/2011/05/31/bonus-fresh-allyson-felix/#oogleto:http://urbanmogullife.com/wp-content/uploads/2011/05/allysonfelix.jpg
http://www.kval.com/news/local/Suhr-clinched-Olympic-spot-after-pole-vault-victory-160189225.html?tab=gallery&c=y&img=0#oogleto:http://media.kval.com/images/US_Track_Trials_Athletics_Pole_Vault_Women_7.jpg
Lolo Jones Photos, Bio: Pictures of 2012 US Olympic Hurdler | NowPublic News Coverage
It was out in the open, not hidden.
Big credit facility deals among cooperating banks have layers of contracts & covenants and confidentiality agreements with the Administrative Agent and lead arranger & bookrunner of these deals. Rates charged in individual multiple party credit agreement deals aren't public. Can a spread for risk be charged over these LIBOR rates?
Mike_PNW wrote:
Absolutely they slip away - but they don't take it all with them. Its like a bank robbery get away with money flying everywhere.
The key has always been to tax the cash cows - but spare the young growing calves. The vast majority of money is old money and does little or nothing but sit there - the guys really growing the pie rarely have a lot of 'taxable wealth' until they are pretty far along - many times even second generation. You see that on the west coast - that is NOT France.
France has a lot of old money - it won't make a dent if they tax them or not - they need growth. Real jobs for real people - not just a few elites and tech super stars. Old money doesn't give a damn about growth - they got theirs - frequently generations ago. France doesn't have many good options. Might as well have fun then and tax some geezers.
mp wrote:
You don't look any older.
If you're talking about LIBOR, that's absolute horseshit.
The potential for fraud was known and expected.
Read Conjure's monograph and educate yourself.
af
memmel wrote:
That works.
Decent houses for $100K, in good shape.
People can afford those homes.
Investors can get a return buying for a rental as well.
Colorado Springs fire destroys 346 homes, mayor says | Fox News
Nein !!
Merkel: No eurobonds 'as long as I live' - The Local
skk wrote:
You are being deliberately obtuse. It was Conjure's first PDF report (5 years ago) derived from publically available information.The regulators shut their eyes and the MSM...spend 5 minutes watching the "News".
TAX SOME GEEZERS!!!
Oh...
Bring a fork lift to read H.R. 2454
http://2.bp.blogspot.com/-nrtwQoZlpGE/T-z9vMkrgiI/AAAAAAAABAg/vAPiLcspp7o/s400/health-care-bill.jpg
http://housedocs.house.gov/rules/health/111_ahcaa.pdf
Doc Holiday wrote:
http://boingboing.net/wp-content/uploads/2012/06/image.jpg
I was blown away by the sheer number of scrap
buying places in the City of Angles last week, as if it had doubled in a year's time.
RATM wrote:
My kids all swam [they were pretty good but not quite Olympic cut fast - you have to swim fast for that]... I swam but wasn't that fast. So when in 08 and now again in 12 when they put the trials in Omaha we drove down for it. My wife and I and youngest did the the first three days - our daughter is there now. They got to see multiple WR's in 08 - Phelps mostly but also some other fast swims. None so far this year - they slowed the suits down so it will be a while before they train up to that level again.
The amazing thing is the place is packed every session - a lot of people questioned putting the event in Omaha but it has exceeded everyone's expectations - that is why its back here again.
The pool BTW is temporary - they assemble it inside a basketball/hockey arena then take it down again afterward [sell it to somebody to place in a permanent location]. I got to BS with the head of design/development and might get to bid on parts for them. Real interesting guy. Fun couple days.
Hmmm, a possible defense in a foreclosure proceeding?? We wuz robbed! Were these fraud just to make libor higher? Benefit depends which side you are on. How about the tbill indexes? Any way to game them?-
adornosghost wrote:
I am old enough to remember that photo of Truman. I think that is where the rethuglican party started off the rails.
dilbert dogbert wrote:
dd is no fun at all
nm
dude, like Larry Yun called for a 10% rise in housing prices, that is like so more important, dude.
adornosghost wrote:
http://static.tvtropes.org/pmwiki/pub/images/truey.jpg Did they really have to stoop so low to reach so high?
dryfly wrote:
Yeah..but there is something to be said for keeping the old geezers around. They eventually get bored of having so much money laying around and they'll build nice museums, performing arts centers, etc. Just put their names on it and they'll be happy. Class warfare may win you votes..twt if it results in building better communities.
Tom Stone wrote:
no you are.... I dunno why. if you read what I wrote -
what are YOU being obtuse and going on about it being old news ? by its very nature the news cycle cannot be old news cannot ( apart from the meta argument about news cycles ! )
come lets not fight - the bloody wine will taste sour for one.. I've said what gets to me..
I suppose, but I'm not the lawyer, you are.
Slideshow: Colorado Springs fire ranks as state's most destructive on record | Reuters.com
dryfly wrote:
Windward broaches are massive amounts of fun. Esp, if you are watching from a safe distance or it is a competitor ahead of you.
So, I had an idea...
We hold the war olympics every 4 years for a couple weeks, corporate sponsors, the whole nine yards, just like it goes down now, and then nobody gives a shit about war for 3 years and 50 weeks~
RATM wrote:
Yah, but their small circle of supporters have very large
thighs♥ 'sJackdawracy wrote:
Exxon: 'Losing Our Shirts' on Natural Gas - WSJ.com
Shale Gas Reality Begins to Dawn | Finance
Mike_PNW wrote:
Not these folks - we aren't talking retired bakers or cheese makers. Think Cannes and Cote d'Azur types.
Wonder how many of those burnt houses were in foreclosure?
Doc Holiday wrote:
BUSTED ! Moi ? no not those busts..
for those.. nahh its not the weekend so lets leave it be.
Managing Millennials: Why Gen Y Will Be Running the Country by 2020 [INFOGRAPHIC]
plus they get to pay for BamaCare
Plenty seen in recent Salt Lake City trip also....
Talked to brother in law in Littleton, and he said he can see large plumes of smoke 40 miles north of him in Boulder and 40 miles south in Colorado Springs, surreal he sez.
dilbert dogbert wrote:
I actually had a preference for aggressive up wind tacks - water right up to the gunwales the whole time. I did mention I was a good swimmer right? Found myself face first into the main sheet more than once.
.
RATM wrote:
The wife's aunt, turning 90 soon, just move to Colorado Springs to be near grand daughters. So far the Airfarce Academy is between her and the fire.
Not a great welcome to a new home.
I was pulling for the great Janet Evans. Still has the 800, but not on form, evidently.
Comrade Troyski wrote:
How much down and how much a month.
Nothing else is more important to most home buyers.
It's cheaper than rent and we can paint the walls.
that bark beetle and climate change along with increased solar flaring is bad mojo..
bring the troops home..fight the fires here...
Most importantly, they're all buyers-no sellers.
Millennials and whatever we call the next generation seem to be pretty royally fucked right now. Those first few years out of college are important and best not spent in one's parents' basement.
You guys trying to harsh my Yellowstone vacation?
dryfly wrote:
Sometimes it is because we know where the bodies are buried and sometimes it is because we know how to fix things.
Just got home from the launching party for the new rowboat. Good booze, good friends and good eats. Life is good.
We have to think outside the 'stan box...
It didn't snow much and it is already really hot there. Wonder how bad it will get. The paper here yesterday had a map showing another large fire near Durango.
Yup 80 million young adults born between 1976 and 2001 will be carrying the burden for BamaCare
Credit loosens up for subprime consumers - Yahoo! Finance
“A credit score between 620 and 659 is now generally considered an ‘average’ credit score when in previous years it would have been considered ‘poor,’” said Michael Germanovsky, a credit-card expert at Credit-Land.com, which reviews credit and personal finance services.
“Banks understand that many Americans have weathered years of high unemployment and a bleak economic outlook,” he said.
Indeed, as banks look to new sources of revenues, they are more understanding of consumers who lost jobs and ruined their credit scores in the process but are working to improve them.
The pie of nonprime space also has grown. In 2010, nearly 22% of new card originations went to consumers with VantageScore’s below 700. Last year, it swelled to about 24% and is holding steady at that rate so far this year, Becker said.
gotz to have some loans...
S&P futs just had a nice boost. Looks like the latest possibility from the conference is a direct recap of banks from the EU rather than going through the sovereigns.
skk wrote:
We were talking past each other. It may be filling the news cycle but there is nothing new about the extent of the fraud, that was clear to anyone looking at the data years ago.Who benefits from having this in the news cycle now?
Jackdawracy wrote:
ahhh hasn't lived in LA some years then..
you think Morrison wrote "Hills are ringed with fire" { LA WOMAN } talking about the naughty bits ?
but yeah.. my Canyon Lake buddy ( he of my faux pas fame - "is that pool shared with your neighbor?" - nope that's the other half of the house ) has lost his cabin up above FT. Collins
My buddy living east of Boulder tells me of big planes that do the drops overhead every 20 minutes ! ( great for flying buffs )
Have a good night.
I'd like to tell you California was in better shape, but only because the temps have been mild (a ridiculous 79 degrees in the CVBB on Monday) and no residue of 'Meskin monsoons to start lightning caused fires, has nothing happened yet, but thanks to the lowest snow year in 35 years, stuff is going to most definitely happen.
Think real bad as its only June...August is going to be brutal...
RATM wrote:
Hmmm. The swimmers tend to be lily white and the runners mostly black. I wonder...
Tom Stone wrote:
one should then ask - "who benefits from not making it part of THEIR news cycle or downplaying it by calling it old news - now "
no ?
I decided not to worry because it was MUCH cheaper than rent. I've made back my closing costs in reduced rents in 10 months, not counting the tax savings but including maintenance. If rents stay stable (and they're still increasing) for 4 more years I'll have made back my down payment. The only way I don't come out ahead is if rents plummet, but I don't see any reason for that to happen short of an economic catastrophe.
Winston wrote:
“Generation Z.”
This new generation has been uniquely shaped by nearly a decade of war and economic uncertainty: Those born in 1990 were 11 years old on 9/11, and ever since we have been at war. They finished high school in 2008, just as the Great Recession began. Now they’re graduating amidst a stumbling “recovery” in which unemployment remains stubbornly high, especially for those younger than 25.
Gen Zers never have known a world in which one could not be in conversation with anyone anywhere any time, and they have an even lower tolerance than Gen Yers for being digitally cut off. For Generation Yers, uniqueness was cool.
Bruce Tulgan: High-maintenance Generation Z heads to work | The Baxter Bulletin | baxterbulletin.com
skk wrote:
For real fire buffs, the videos of people evacuating their homes on Skyline Dr behind Oakland - outstanding!. People trying to load their cars in a blizzard of embers. Woot!!! Massive brown pants.
Wonder if much plutonium is being. Stirred up by the rocky flats pollution thing?
gruntled wrote:
The 5000m women were all white.
1 currency now -yogi wrote:
Tough to do - we saw Dara Torres swim her AR last Olympics. We were right above the starting blocks and see her really close - finish unfortunately at the other end.. She looked older than the mothers of some of her competitors. I didn't and don't expect Evans to make it - the 800 is a beast of a race. I don't know if you were aware but she negative split the 400 in '88 - almost impossible at that distance. Almost makes me want to puke just thinking about it.
http://www.teamunify.com/cseksc/doc/The%20Perfect%20Race%20Janet%20Evans%20400e%20Seoul.pdf
meh. We're paying for it anyway. It's probably cheaper to go the Obamacare route than the clusterfuck we have now. It could be much better but in a time when the best lack all conviction it's probably the best we could hope for.
There's an awful lot of fine print in these banking LIBOR credit deals mp... such as a competitive bid LIBOR loans, absolute rate auctions, euro-dollar loans, LIBOR auction, etc. so it's complicated... and the jurisdiction issues...
Observation from u of Miami years ago. Lady swimmers get really broad sholders. Is that better than big thighs?
creditcriminalslovetarp wrote:
Some see silver lining in bark beetle epidemic | SummitDaily.com
“We might find ourselves without big trees on a landscape scale,” Aplet said. That will affect everything from recreation to logging and simple aesthetic joy of driving through the mountains, he acknowledged. But he's confident the forests will bounce back, even if not in our lifetimes and maybe not in the same way as before.
RATM wrote:
Until London - there might be 'a Kenyan or two' make the final...
Fabienne: Who's Zed?
Butch: Zed's dead, baby. Zed's dead.
“A credit score between 620 and 659 is now generally considered an ‘average’ credit score when in previous years it would have been considered ‘poor,’”...
The Beat Goes On...
On the whole, yes, but the real problem IMHO with LD women runners is that they invariably get WAY too much sun and look leathery. Not my favorite look.
lawyerliz wrote:
My daughter wore a sleeveless dress to a HS award banquet one year and we heard one of the hockey players there say 'Look at those pipes!'... shew was a state champion in the 200 IM at the time. We laughed - she wasn't even big - her competition was frequently a half foot taller and broader across the shoulders.
lawyerliz wrote:
I'm really appalled by the way new-age athletes distort their bodies and essentially destroy themselves ["all for a moments glory, and it's a dirty rotten shame" (BD)].
BBC News - China eyes yuan convertibility as it sets up trial zone
Ben and Timmay
Winston wrote:
Never happens to those So Cal and AZ and FL swimmers though - right? Considering the pools are frequently outdoors - at least the long course pools are.
skk wrote:
SKK, I lost interest in the "News Cycle" when I stopped watching TV in 1969. This was ignored for years, now it's splashy news. Cui Bono? I consider the "News" to be part of the official propaganda along with most of what passes for "Mainstream" media.
lawyerliz wrote:
O gawd.. my buddy - swimmer but not quite country ( but county ) material - close friend of my (now ) wife.. back in the days when the wife said - I don't do these Christian satanic movies ( Omen or some such ) - skk went to a Jesus and Mary school, as did you.. YOU go with him..
Ahh those broad shoulders to put arms round during the decapitation moments ..
sorry to pull a Duke - but at least I live in the past.. the Duke does it here and now. right NOW as we speak I bet.
I went to school with a woman that won an olympic gold medal when she was a freshman in 1976, and that was the year of the overly large East German women, but Jill was no shrinking violet...
Jill Sterkel - Wikipedia, the free encyclopedia
Rob Dawg wrote:
It is as magical as ever------
that guy is smoking better pot than you and I
Winston wrote:
Me neither ... http://www.american-trackandfield.com/files/FlanaganStanford08_3.jpg
Runners benefit from long legs. Black women have statistically longer legs. Therefore they are more likely to be fast runners. Go ahead. Tell me I'm a terrible person for remarking on this.
lawyerliz wrote:
yes, they do. woman I mentioned previously in earlier thread was the New England swimming champion.
at 14 she had 3rd fastest time in breast stroke in USA...
also had classic Irish temper and could deliver a roundhouse...
...
burnout comes in around 15 when they discover boys
dilbert dogbert wrote:
Still part of oakland and not everyone got out. One acquaintance made it out driving on his rims, the cars behind him did not make it.
creditcriminalslovetarp wrote:
Yah, he'd fit right in here with Yun-like optimism -- looking out 200 years; he could be a co-author here...
ae
your not a bad person but have you been hanging out with Jimmy Snyder?
dryfly wrote:
My girlfriend in High School won 3 gold medals at the Tokyo Olympics.
I had no complaints.
adornosghost wrote:
You don't scare easily.
daughters water polo team was strong but some cute young ladies who will be great looking older ladies...shoulders shrink when you cut back on the swimming...
u have sure got some stories...
Tom Stone wrote:
True----
Who can figure out these things?
Backpacking is about the most lily white sport out there, one trip out for 9 days, 85 out of 86 people I encountered on the trail were of standard wasp issue, and yet there are no real financial hurdles to speak of that would not allow other races to play along, but it just doesn't happen.
adornosghost wrote:
Smooth.
It does. But it seems to be a less frequent problem. I don't have an explanation for it.
adornosghost wrote:
Lots of skin cancers in later life - difference between runners and swimmers is where [head, face, ears for runners - back, shoulders sometimes legs for swimmers]. We didn't have to worry about that in the north - almost all swimming was indoors except for a short summer 'long course' season.
lawyerliz wrote:
dats racis
LOL: Dewey beats Truman reprise.
http://desmond.yfrog.com/Himg644/scaled.php?tn=0&server=644&filename=7ozrf.jpg&xsize=640&ysize=640
lawyerliz wrote:
Only if you tell us they became longer cos they had to run away from lions.. - but even then yer counted as ignorant not as a terrible person ( in my book ) -
as I had a fascinating chat with the naughty bits old geezer doc - he keeps thinking I'm true Indian - I keep telling I grew up in the UK - went totally over his head ( guess he's never seen it ) - so as we go thru history - yeah I was sexually active early at 1x ..
so he says.. - so they start early in India then - is that why there's over-population ?
Sheesh - and I keep my cool ( seeing as I'm gonna let him cop a feel in the nether regions I'd better keep cool no ? ) - tell him again I'm from the UK - they do start early in the UK this is true..
I dunno. still on the plus side - I got the show of lining up medical care on the road - and this is one of the hazards of moving..
Jackdawracy wrote:
Most just suffer from Nature Deficiency Disorder, a rampant and disabling condition.
dryfly wrote:
according to former gf that gives an advantage to FLA and Cali swimmers, the chance to train more outside.
it's more of a psychological advantage. hard to beat... 2 to 3 hours a day of training ...can get to you...
you should see surfers that should have been hockey players....it sucks to smell your own skin burning after a scrappage...
dryfly wrote:
I was a competitive swimmer also, but not Olympic material.
Tom Stone wrote:
Did a long ride in the parks behind Oakland and moved camp (horses and rig) along Skyline and was flabergasted to see that areas adjacent to the burn had not cleaned out the Eucs and brush. Also saw rebuilt places where they had plantings right up against the house. Sometimes I wonder how the race survived.
If you were a competitive enough swimmer back in the day, your hair would have had this soylent green tint to it.
adornosghost wrote:
I hung around kids that smoked weed ...
Oh good, it's F'ing raining ... again for the 1000th day in a row; guess I don't have to water the moss or the fugus
adornosghost wrote:
could you break a minute in the 100 yard free style?
Sample credit agreement language between lender banks and the Administrative Agent:
Compensation. Each Bank may require the Borrower to pay, contemporaneously with each payment of interest on the Euro-Dollar Loans, additional interest on the related Euro-Dollar Loan of such Bank at a rate per annum determined by such Bank up to but not exceeding the excess of (i) (A) the applicable London Interbank Offered Rate divided by (B) one minus the Euro-Dollar Reserve Percentage over (ii) the applicable London Interbank Offered Rate. Any Bank wishing to require payment of such additional interest (x) shall so notify the Borrower and the Administrative Agent, in which case such additional interest on the Euro-Dollar Loans of such Bank shall be payable to such Bank at the place indicated in such notice with respect to each Interest Period commencing at least three Euro-Dollar Business Days after the giving of such notice and (y) shall notify the Borrower at least five Euro-Dollar Business Days prior to each date on which interest is payable on the Euro-Dollar Loans of the amount then due it under this Section.
Jackdawracy wrote:
I surfed, commercial fished, and skied at high altitudes.
Plus, lived in Hawaii, Micronesia, and Costa Rica.
I have had numerous skin cancers removed, and am examined every 6 months.
Nite again.
The LIBOR rate fixing is seriously old news, just being confirmed by the obligatory settlement and fine.
If they sued the Fed for interest rate suppression and. Rate fixing, I might pay attention.
Doc Holiday wrote:
you didn't do both ? - I tell ya - being part of the freaks and geeks AND the jocks (cricket, field-hockey) is a LOT of fun.
It's funny, 100 years ago that would have been a world record time.
Winston wrote:
My school had better records than most States.
Plant geneticists say they have discovered an answer to a near-universal question: Why are tomatoes usually so tasteless?
Yes, they are often picked green and shipped long distances. Often they are refrigerated, which destroys their flavor and texture. But now researchers have discovered a genetic reason that diminishes a tomato’s flavor even if the fruit is picked ripe and coddled.
The unexpected culprit is a gene mutation that occurred by chance and that was discovered by tomato breeders. It was deliberately bred into almost all tomatoes because it conferred an advantage: It made them a uniform luscious scarlet when ripe....
...
dry, were you responsible for this???
That society is arranged so differently from our own, it's difficult to comment based on otherwise ordinary assumptions. Our own John Beers Pertipston classes love to see their names engraved on plaques, while theirs are already entwined in the nation's history.
Doc Holiday wrote:
I got cut from alot of sports teams. I blame my parents for not redshirting me as a kindergartner.
I don't follow the sport, but she was nuts. To say she left the others in her wake would be unfair. They weren't anywhere near her wake.
I met Lenny Krayzelburg and Jason Lezak over in Israel.
Good guys.
The idea that Jamie & Co. underestimated the already huge loss by a factor of almost 5 to 1 isn't of any appeal either, shift happens.
YouTube - Five To One (Live Roundhouse London)
Windward.Broach wrote:
I await the tumbrils for them with great interest and anticipation - THEN all the back-channels will be exposed - won't it be fun to read how who whispered what to be delivered in which blog when ? and the email traffic between then..
I'm sure TS and mp ( and you ) will be there to tell us .. Old news buddy - which will be true but mann not the salacious details - those won't be old..
Tumbrils to prison ( open - i.e. white collar prison is fine too ) I hasten to add - not to the gallows..
Why the rage?
Resources. Access to pools, parents drive you to AM workouts, coaching, cpst of travel to meets etc.
Only meant one fist.Fisk
Newport harbor, Wilson?
~ Conjure1, 10/13/2008 pp 3-4
The question not asked of the "real economy" is, How many ARMs originated in the USA and pinned to LIBOR are scheduled to reset from 10/13/08? I believe, that is the question merchants of fear is formulating.
And I don't recall many merican innerboob TED spread voyeurs being much concerned while all eyes were stapled to the fed rates... and Paulson's kneepads.
dilbert dogbert wrote:
Yep, even some wood shingled roofs. I have hated eucs since to 1970's fire there, damn near didn't make it out.
Winston wrote:
Not even a hundred years. Wiesmueller's times would leave him JV material by the mid 70s in high school.
I will be up in your area next month, this time will hook up for cup of joe..
whats the hopium in the futures right now...
I see it now..
INO.com Markets - Chart for U.S $ INDEX (NYBOT:DX)
And I don't see any allegation of conspiracy to defraud any individual or institution "laid out."
ex-Duke of Con Dao wrote:
Thanks for the unattributed NPR story.
Tarzan would have done just fine. It's all about training and nutrition now.
don't think the Babe could be as great?
skk wrote:
I doubt most of us will live long enough to see these crooks in jail.
At what distance?
Online NewsHour: Michael Johnson sets the 200m sprint record -- June 24, 1996
Haile Gebrselassie - Wikipedia, the free encyclopedia (5'5"
Hello?
Maybe in the 800-- otherwise, distance runners tend to be shorter, and Johnson proved 'science' wrong. By your standards, the Dutch should hold all the running records.
creditcriminalslovetarp wrote:
looks very
quarter end tape painting??
Rob Dawg wrote:
no Ass-Wipe, that was from the NY Times: Flavor Is the Price of Tomatoes’ Scarlet Hue, Geneticists Say - NY Times?
BBC News - US grants China six-month Iran oil sanctions reprieve
and
at this bombastic reprieve
It's also mostly an older crowd, with many of the younger ones in what seems like a mad-dash rush to do a lot of miles, head down, poles pumping up and down, and it seems like they lose track of why they're there, as if they've turned it into this ridiculous competitive event that just happens to be in the forest for the trees.
creditcriminalslovetarp wrote:
Good, give me a day's warning if you can.
ex-Duke of Con Dao wrote:
Johnny W might have shaved many seconds by emulating modern techniques but my mediocre HS times would have medaled in the 1930s. Ruth would have never gotten a shot at the big show today. His personal life would have put him on the black list.
ex-Duke of Con Dao wrote:
100% accurate - my kids been there done that. They struggled with long course outside. On the other hand swimming indoors short course makes you a turning machine. The NCAA's are all short course so evens up a lot at that level.
But if you want to go to the Olympics - it frequently was outside long course. Not anymore.
Mike_PNW wrote:
Don't be ridiculous, it's because Yerp is saved. Again.
Haaaaa..without China buying Treasuries Timmay and Ben are
lets settle on a 5 days...
ex-Duke of Con Dao wrote:
Okay, sorry. I incorrectly accused you of stealing an NPR story instead of your admittedly stealing of an NYT story.
baby steps for the 40%+ of the country still stuck in the 19th century.
Rob Dawg wrote:
you are such a moron. given the stakes players do change their ways.
a blacklist? in baseball?
Time to sell some more, there is not much future in scrap, it is just another declining commodity.
On the other hand, need to be ready for when the coin guys start getting short of money and makes some deals on 19th century silver coins- I am starting to collect the halves.
I know the prices will fall as the new supply of liquidated collections falls, and silver falls, leading to shrinkage in business. They will push the junk silver out fast, then they will have to sell the collectible stuff to pay the bills.
I should be waiting if it goes down.
Someday this war's gonna end...
adornosghost wrote:
My youngest has as one of his bucket list wishes is to make 'trials'. He knows he'll never make the Olympics but wants to make a trial cut even if the slowest heat - get in swim your swim, get the shirt - move on.
He also wants to do Alcatraz someday - he would have a better shot at that though - his sister actually won that race one year [non-wet suit division].
China buying fewer treasuries would be very good for me....
Jackdawracy wrote:
Mine did.
Trivia. Newt Perry, who coached Weismuller, did the same for Don Schollander and Donna Devarona. He later developed either one of the first - or perhaps originated - swimming programs for infants.
dryfly wrote:
if you were a competitive dowager back in the day your hair would have a cobalt blue tint to it...
I'll just leave this here.
Reports: Airbus to open plant in Alabama - USATODAY.com
dryfly wrote:
Hell is Boston over the winter break when they turn off the heat in the entire complex. We used to walk from the pool to the varsity table in t-shirts and wet hair in single digit weather. We'd spike our hair and intimidate even the wrestling squad.
adornosghost wrote:
California was known for that - like hockey in Minnesota. There was a line on the HS team in Roseau MN that later in college led the nation in scoring. One of them played for Brooks in '80 and then did 20 years in the pros. Even with that talent the HS team couldn't even win the state tourney. They weren't deep enough - the team that beat them had two players later play for Brooks and was four lines deep.
your shorting the euro all nice and happy, eating some sushi and bam....
NetDania Charts | Forex Charts from DailyFX | DailyFX
ex-Duke of Con Dao wrote:
Not me - I'd run over the bastard.
dryfly wrote:
that's how Doc Counsilman built a dynasty at IU... the short course.
What sort of stuff lying around the house could you sell for a lot of money where the condition didn't matter?
Electronics only go down in value demonstrably, furniture isn't worth bupkis, nor are appliances, you'd receive a pittance of what you paid originally...
I counted 14 scrap
buyers on just one street, so business is obviously hopping~
ex-Duke of Con Dao wrote:
They are still out there -
Jackdawracy wrote:
Children... spouses...
Winston wrote:
hey, my younger bro is type rated for Airbus A320 and A330...
he like 'em cause he doesn't really have to do much...
The Brooklyn Nets make a B-team guy from Turkey their first (and only) pick? How about a local product...
merchants of fear wrote:
UK probing more banks for interest rate fixing | oregonlive.com
dryfly wrote:
Less though. Better pool chemistry and better shampoos. Better razors too but best not go there.
ad
1 currency now -yogi wrote:
Carmello Anthony from Red Hook?
This is the gold standard for what MLB will allow if you're talented enough...
Milton Bradley (baseball) - Wikipedia, the free encyclopedia
ex-Duke of Con Dao wrote:
My son and I were talking about him yesterday at trials - he and the 'folks' at Mission Viejo are pretty much responsible for modern swimming. Counsilman developed the science - MVN the modern club 'talent breeder' model everyone else has copied since.
The LIBOR rate fixing is seriously old news...
June 27, 2012
The notional amount outstanding of OTC interest-rate derivatives contracts in the first half of 2011 has been estimated at $554 trillion. The total value of short-term interest-rate contracts traded on the LIFFE financial futures market in London in 2011 was €477 trillion, including more than €241 trillion relating to the three month Euribor futures contract (the fourth-largest interest-rate futures contract by volume in the world).
The FSA said Barclays’s breaches involved “a significant number of employees” and occurred over a number of years. The extent to which Barclays benefited from feeding false information into the market is not yet known.
Barclays interest rate derivatives libor euribor Robert Diamond Chris Lucas CFTC DOJ
'...We will naturally be setting lower standards immediately.'
dryfly wrote:
I believe that's the place my gf was invited to to train for a future Olympics.
...
ex-Duke of Con Dao wrote:
Too bad about the XXY test.
Rob Dawg wrote:
My GF doesn't share either.
I was thinking the next Lew Alcindor or Bernard King, but OK.
One more winner:
Abound Solar Plans Bankruptcy Filing - WSJ.com
Rob Dawg wrote:
It does explain Duke's moodiness.
Rob Dawg wrote:
lucky you're in Cali or she'd punch your lights out.
but then again, she'd only pity you...
7 years ago she built her new house in Boston. Cost her 2 million. paid in cash...
she's got a ocean getaway in Providence and that's for starters... also has a house in Hilton Head...
...
enjoy those cheap curtains there Dawg...
dryfly wrote:
The model burned out the best. It left the most ummmm "dedicated." 3600 yds before school, 5000 after. The boredom took its toll. They were left with compliant drones.
ex-Duke of Con Dao wrote:
Santa Clara SC was the other one of note back then - that was where Spitz came out of. But MVN had organization like no other before it - it was like a machine. Others produce more talent now [or rather attract them] like North Baltimore where Phelps is from but MVN was the model they all use now.
Tom Stone wrote:
You are missing out on the best partz!
Watch out, Rob. With that partial Y Chromosome that punch would hurt.
Fundamentally, things look they are are turning around really fast; don't be priced out f the jobless food stamp recovery and housing boom!
GLOBAL MARKETS-Stocks, euro surge on EU bond support
"Markets are reacting positively to the headlines, seeing that measures to help Italy and Spain will be stronger," said Dariusz Kowalczyk, senior economist and strategist, Asia ex-Japan at Credit Agricole CIB.
"But it's not clear exactly what was agreed so we still need to see the debate in the second day of the summit."
Rob Dawg wrote:
Nope, I'm a happy man.
Glory days, glory days, they'll pass you by,
leave with nothing but boring old stories...
Athletic glory daze: U16 Club Soccer champions 1981 Wisconsin.
Buncha them played NCAA ball n da Midwest on scholarship.
A tough, mean crew. One of the best fullbacks had to quit when he turned 16 and got a job driving a truck.
Crazy boys from 'tosa, with a chip. I still remember our sweeper purposely ripping the opposing teams banner out of bounds, because their suburban soccer mom gig pissed him off.
We used to call plays in German, 'cause Franz was Der Kaiser.
There, nobody ended up famous, do you all feel better?
And my big toe joints ache when it snows, which is why I like Phoenix.
Someday this war's gonna end...
ex-Duke of Con Dao wrote:
With that extra chromosome I'd be worried.
Providence is not on the ocean.
Doc Holiday wrote:
"So far that looks like a pretty definite maybe, but I'm not entirely sure"
Rob Dawg wrote:
Schmaltzheimer's?
Yeah, Providence is the kind of place you get away FROM.
YouTube - curtains
Tom Stone wrote:
Is that a "known unknown"?
The derivatives contracts spawned off this bad debt may be the 800 pound gorilla.
Barclays’ traders also conspired with ex-employees working at other banks to try to influence their Libor submissions. During the financial crisis Barclays also fiddled the figures to dupe the market into thinking it was more financially sound than it was.
Libor is often seen as a barometer of how healthy a bank is. Just as customers with bad credit records have to pay higher interest rates, banks which are deemed in poor financial health are charged more to borrow. Barclays became anxious that its Libor rate was higher than many of its peers and that they were fiddling the figures. It decided to join the party.
ARE ANY OTHER BANKS DOING THIS?
It is likely this is just the tip of the iceberg. Barclays is just the first to get caught.
For the last two years a dozen regulators on three continents have been combing through the files of more than 20 banks involved in the rate setting process.
Barclays scandal: How Libor affects mortgages and savings rates - and is customer compensation likely? | This is Money
Europe will present proposals for a single supervisory mechanism for its banking system, European Council Ppresident Herman van Rompuy told reporters in the early hours of Friday morning in Brussels.
Van Rompuy said that the new proposal for the European financial system was made as part of a range of short-term measures to try to stabilize markets.
European banks will now have the possibility of direct recapitalization, he said, with financial assistance provided by the European Financial Stability Facility until the European Stability Mechanism becomes available.
Loans will be transferred from the EFSF to ESM without a change in seniority, he said.
Europe plans single financial regulator - MarketWatch